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             A critical component of
             our corporate governance
             commitment is the
             integration of ESG factors
             into our strategic planning
             and operations. We are
             embedding sustainability
             at the core of our business,
             ensuring that our actions
             contribute positively to
             Indonesia’s economic,
             social, and environmental
             landscape. This includes
             rigorous climate risk
             assessments, sustainable
             finance initiatives, and
             a focus on long-term
             value creation for all our
             stakeholders.




CORPORATE
GOVERNANCE
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        CORPORATE GOVERNANCE




GOVERNANCE                                                                         CORPORATE GOVERNANCE BEST
ACHIEVEMENTS 2024                                                                     PRACTICE TO ELEVATE BANK
                                                                                       MANDIRI’S PERFORMANCE
AWARDS
                                                                             CONSOLIDATED                                            CONSOLIDATED THIRD
                                                                             NET PROFIT                                              PARTY FUNDS
    Corporate Governance
    Rating by The Indonesian
                                             Participation in the
    Institute for Corporate
    Directorship (IICD): At the 15th
                                             Corporate Governance
                                             Perception Index (CGPI)
                                                                             Rp55.78 trillion                                        Rp1,698.90 trillion
    IICD Corporate Governance
    Conference and Awards                    program organized by            grew 1.31% yoy in 2024 from Rp55.06 trillion in         grew 7.73% yoy in 2024 from Rp1,576.95
                                                                             2023                                                    trillion in 2023
    2024, Bank Mandiri received              The Indonesian Institute for
    the category “Leadership in              Corporate Governance
    Corporate Governance”.                   (IICG): Bank Mandiri
                                             successfully maintained the
                                             “Most Trusted” rating for 18    CONSOLIDATED                                            CONSOLIDATED
                                             consecutive years.              TOTAL ASSETS                                            LOANS*)



    In 2024, three subsidiaries
    within Bank Mandiri’s Financial                                          Rp2,427.22 trillion                                     Rp1,670.55 trillion
    Conglomeration achieved                                                  grew 11.6% yoy in 2024 from Rp2,174.22                  grew 19.5% yoy in 2024 from Rp1,398.07 trillion
    the “Most Trusted” rating,                                               trillion in 2023                                        in 2023
    and three other subsidiaries             Awarded “Best Practices for                                                             *)Consolidated Loans include Consumer Financing
                                                                                                                                     Receivables and Net Investment in Lease Financing
    earned the “Trusted” rating in           Good Corporate Governance
    the Corporate Governance                 in the Banking Sector” at the
    Perception Index (CGPI).                 GCG Awards 2024 ceremony.
                                                                             CONSOLIDATED                                            CONSOLIDATED NET
                                                                             CASA RATIO                                              INTEREST INCOME




                                                                             74.83%                                                  Rp104.28 trillion
                                                                             increased level in 2024 from 74.30% in 2023.            grew 6.40% yoy in 2024 from Rp98.01 trillion
                                                                                                                                     in 2023




PT BANK MANDIRI (PERSERO) TBK          560                                                                                     561                                   ANNUAL REPORT 2024
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        CORPORATE GOVERNANCE




IMPLEMENTATION OF                                                                                                    IMPLEMENTATION OF CORPORATE GOVERNANCE

CORPORATE GOVERNANCE

                                                              Central to Bank Mandiri’s governance evolution is the        In addition to these advancements, the Bank
                                                              integration of Environmental, Social, and Governance         is actively working to enhance board diversity,
                                                              (ESG) principles into its strategic decision-making. As      bringing in members with a wide range of expertise,
                                                              part of its broader sustainability initiatives, the Bank     experiences, and perspectives. This approach not
                                                              is embedding ESG considerations into every level             only strengthens the Bank’s governance structure
                                                              of its operations. This includes aligning its corporate      but also ensures that its decision-making processes
                                                              strategies with Indonesia’s national goals for a net-        are well-informed and free from conflicts of interest.
                                                              zero future, prioritizing sustainable finance, and           By prioritizing this independence, Bank Mandiri is
                                                              conducting thorough climate risk assessments. By             reinforcing its commitment to good governance
                                                              doing so, Bank Mandiri not only aims to contribute           and accountability.
                                                              to environmental sustainability but also to enhance
                                                              its long-term resilience and stakeholder trust.              Bank Mandiri is also embracing a stakeholder-
                                                                                                                           centric approach to governance, recognizing the
                                                              The digital transformation journey at Bank Mandiri is        importance of addressing the needs and concerns
                                                              also influencing its corporate governance practices.         of a broad range of stakeholders. This includes
                                                              With the rapid adoption of digital banking services, the     customers, employees, and the communities in which
                                                              Bank is placing a strong focus on digital governance,        the Bank operates. By adopting more transparent
                                                              particularly in the areas of cybersecurity and data          and ethical business practices, Bank Mandiri aims
                                                              privacy. Bank Mandiri is investing in cutting-edge           to build stronger relationships with its stakeholders
                                                              technology and enhancing its digital infrastructure          and enhance its social license to operate. This shift
                                                              to ensure that customer data is protected and that           towards stakeholder capitalism reflects the Bank’s
                                                              its digital platforms remain secure and resilient. The       dedication to contributing positively to society while
                                                              Bank’s Board of Directors is increasingly prioritizing       delivering value to its shareholders.
In 2024, Bank Mandiri is proactively advancing its            digital governance as a critical area, reflecting the
corporate governance framework to align with emerging         importance of safeguarding against emerging cyber            Through these initiatives, Bank Mandiri is positioning
                                                              threats.                                                     itself as a leader in corporate governance within
trends and regulatory expectations in Indonesia’s banking                                                                  Indonesia’s banking sector, ready to navigate the
sector. Recognizing the increasing importance of robust                                                                    challenges and seize the opportunities that lie ahead
                                                                                                                           in 2024.
governance practices, Bank Mandiri is strengthening its
regulatory compliance by adopting more stringent internal
controls and enhancing transparency in its operations. This
commitment reflects the Bank’s dedication to meeting
the growing demands of financial regulators who are
placing greater emphasis on financial stability and risk
management.




PT BANK MANDIRI (PERSERO) TBK   562                                                                                  563                                      ANNUAL REPORT 2024
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        CORPORATE GOVERNANCE




COMMITMENT TO CORPORATE                                                                                                                                                          COMMITMENT TO CORPORATE GOVERNANCE

GOVERNANCE

                                                                                                                      CORPORATE GOVERNANCE REFERENCES
                                                                                                                      The legal basis of corporate governance implementation in Bank Mandiri refers to the applicable Laws and
                                                                                                                      Regulations including the Financial Services Authority Regulations, these include the following:
At Bank Mandiri, we are deeply committed to upholding
the highest standards of corporate governance as a                                                                     No.   Regulations

cornerstone of our operations. Our commitment is driven                                                               1.     Law of the Republic of Indonesia No. 40 of 2007 concerning Limited Liability Companies as amended by
                                                                                                                             Government Regulation in Lieu of Law No. 2 of 2022 concerning Job Creation as stipulated into Law based
by a steadfast belief that strong governance practices                                                                       on Law No. 6 of 2023 on the Stipulation of Government Regulations in Lieu of Law No. 2 of 2022 concerning
                                                                                                                             Job Creation into Law.
are essential to maintaining the trust of our stakeholders,                                                           2.     Law of the Republic of Indonesia No. 10 of 1998 on amendments to Law No. 7 of 1992 concerning Banking as
ensuring long-term sustainability, and fostering a culture                                                                   amended by Law No. 4 of 2023 on the Development and Strengthening of the Financial Sector (“Law P2SK”)
                                                                                                                      3.     Law of the Republic of Indonesia No. 8 of 1995 concerning Capital Market as amended by Law of the
of transparency and accountability throughout our                                                                            Republic of Indonesia No. 4 of 2023.

organization.                                                                                                         4.     Regulation of the Financial Services Authority (POJK) and Financial Services Authority Circular (SEOJK), as
                                                                                                                             follows:
                                                                                                                             • POJK No. 9 of 2023 concerning the Use of Public Accountant Services and Public Accountant offices in
                                                                                                                               Financial Services Activities
                                                                                                                             • POJK No. 17 of 2023 concerning the Implementation of Governance for Commercial Banks (POJK
                                                                                                                               Governance)
                                                                                                                               a. POJK Governance revokes POJK Number 55/POJK.03/2016 concerning the Implementation of
                                                                                                                                  Governance for Commercial Banks.
                                                                                                                               b. Material provisions in other POJKs that regulate topics related to governance aspects, remain valid
                                                                                                                                  as long as they do not conflict.
                                                                                                                                c. The implementing provisions of POJK Number 55/POJK.03/2016 concerning the Implementation of
In 2024 and beyond, Bank Mandiri is dedicated to            Furthermore, as we navigate the rapidly changing                       Governance for Commercial Banks and Bank Indonesia Regulation Number 11/33/PBI/2009 concerning
continuously enhancing our governance framework             digital landscape, Bank Mandiri is prioritizing                        the Implementation of Good Corporate Governance for Sharia Commercial Banks and Sharia Business
in alignment with global best practices and regulatory      digital governance, with a particular emphasis on                      Units, remain valid as long as they do not conflict.
                                                                                                                                d. POJK Governance comes into effect on the date of endorsement.
requirements. We are focused on strengthening               cybersecurity and data privacy. We recognize the
our internal controls, improving risk management            importance of safeguarding our customers’ data                   • POJK No. 17/POJK.03/2014 concerning Implementation of Integrated Risk Management for Financial
                                                                                                                               Conglomerates.
processes, and ensuring that our decision-making is         and maintaining the integrity of our digital platforms,
                                                                                                                             • POJK No.18/POJK.03/2014 concerning Implementation of Integrated Governance for Financial
guided by ethical principles and the highest levels of      and we are committed to investing in the necessary
                                                                                                                               Conglomerates.
integrity. By doing so, we aim to protect the interests     technologies and expertise to protect against
                                                                                                                             • POJK No. 33/POJK.04/2014 on the Board of Directors and Board of Commissioners of Issuers or Public
of our shareholders, customers, employees, and the          emerging threats.
                                                                                                                               Companies.
communities in which we operate.
                                                                                                                             • POJK No. 34/POJK.04/2014 on the Nomination and Remuneration Committee for Issuers or Public
                                                            In all our efforts, Bank Mandiri remains focused on                Companies.
A critical component of our corporate governance            serving the broader interests of our stakeholders. We
                                                                                                                             • POJK No. 35/POJK.04/2014 on Corporate Secretary of Issuers or Public Companies.
commitment is the integration of ESG factors into our       are committed to transparency, ethical business
                                                                                                                             • POJK No. 21/POJK.04/2015 on Implementation of Corporate Governance Guidelines for Public Company.
strategic planning and operations. We are embedding         practices, and the responsible stewardship of our
sustainability at the core of our business, ensuring        resources. As we continue to evolve and adapt                    • POJK No. 31/POJK.04/2015 concerning Disclosure of Material Information or Facts by Issuers or Public
                                                                                                                               Companies.
that our actions contribute positively to Indonesia’s       to the challenges and opportunities of the future,
                                                                                                                             • POJK No. 55/POJK.04/2015 concerning the Establishment and Working Implementation Guidelines for
economic, social, and environmental landscape. This         our commitment to strong corporate governance
                                                                                                                               Audit Committee.
includes rigorous climate risk assessments, sustainable     will remain unwavering, guiding us as we build a
finance initiatives, and a focus on long-term value         sustainable and resilient organization that delivers
creation for all our stakeholders.                          lasting value for all.




PT BANK MANDIRI (PERSERO) TBK                             564                                                                                                              565                                       ANNUAL REPORT 2024
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        CORPORATE GOVERNANCE




COMMITMENT TO CORPORATE GOVERNANCE                                                                                                                                         COMMITMENT TO CORPORATE GOVERNANCE




 No.    Regulations                                                                                                                    Corporate Governance Principles Implementation in Bank Mandiri
                                                                                                                   Corporate
        • POJK No. 56/POJK.04/2015 concerning the Establishment and Guidelines for Drafting an Internal Audit
          Unit Charter.                                                                                           Governance                      Explanation                               Application in Bank Mandiri
                                                                                                                   Principles
        • POJK No. 27/POJK.03/2016 concerning Fit and Proper Test for the Main Parties of Financial Services
          Institutions.                                                                                          ETHICAL          In carrying out its activities, the corporation   1. Bank Mandiri strives to uphold Ethical
                                                                                                                 CONDUCT          always consistently prioritizes honesty, treats      Behavior in carrying out business and
        • POJK No. 4 of 2024 concerning Reports on Ownership or Any Changes in Ownership of Shares in Public                      all parties with respect, fulfills commitments,      operational activities, as evidenced by the
          Companies and Reports on Activities of Pledging Shares in Public Companies.                                             builds and maintains moral values and beliefs.       application of compliance principles which
        • POJK No. 37/POJK.03/2019 concerning Transparency and Publication of Bank Reports                                        The corporation pays attention to the interests      are supported by:
                                                                                                                                  of shareholders and other stakeholders based         a. I m p l e m e n t a t i o n o f A n t i - M o n e y
        • POJK No. 15/POJK.04/2020 concerning the Plan and Holding of the General Meeting of Shareholders                         on the principles of fairness and is managed             Laundering Programs, Prevention of
          of a Public Companies.                                                                                                  independently so that each organ of the                  Terrorism Financing and Prevention of
        • POJK No. 16/POJK.04/2020 concerning Electronic Implementation of the General Meeting of Shareholders                    company does not dominate each other                     Financing of Proliferation of Weapons
          of Public Companies.                                                                                                    and cannot be intervened by other parties.               of Mass Destruction;
                                                                                                                                                                                       b. Implementation of anti-corruption
        • SEOJK No. 15/SEOJK.03/2015 concerning Implementation of Integrated Governance for Financial                                                                                      practices and culture;
          Conglomerates.                                                                                                                                                               c. Implementation of Gratification control;
        • SEOJK No. 32/SEOJK.04/2015 on Guidelines for the Governance of Public Companies.                                                                                             d. Implementation of Whistleblowing
                                                                                                                                                                                           System
        • SEOJK No. 13/SEOJK.03/2017 concerning Implementation of Governance for Commercial Banks                                                                                   2. The Company considers the interests of
        • SEOJK No. 18/SEOJK.03/2023 concerning Procedures for Rendering the Services of Public Accountants                                                                            all stakeholders based on the principle of
          and Public Accounting Firms in Financial Services Activities.                                                                                                                equality and fairness (equal treatment).
                                                                                                                                                                                    3. The Company provides opportunities
                                                                                                                                                                                       for all stakeholders to provide input and
                                                                                                                                                                                       express opinions for the interests of the
                                                                                                                                                                                       Company and render access to information
Bank Mandiri also applies the following Governance          IMPLEMENTATION OF CORPORATE                                                                                                in accordance with the principle of
implementation guidelines:                                  GOVERNANCE PRINCIPLES                                                                                                      transparency.

1. The Company’s Articles of Association.                                                                        ACCOUNTABILITY   The corporation can account for its               1. The Company sets business goals and
                                                                                                                                  performance transparently and reasonably.            strategies to be accountable to the
2. SOE Minister Regulation No. PER-2/MBU/03/2023            To manifest good corporate governance practices,                      For this reason, the Corporation must be             stakeholders.
   regarding Governance Guidelines and Significant          Bank Mandiri adheres to the basic principles of                       managed correctly, measurably and in              2. The Company establishes clear duties
   Corporate Activities of the State-Owned Enterprises.     Corporate Governance in accordance with                               accordance with corporate interests while            and responsibilities for each member of
                                                                                                                                  considering the interests of shareholders and        the Board of Commissioners and Board of
3. The Company’s Internal Regulations including the         the Indonesia Corporate Governance General                            stakeholders. Accountability is a prerequisite       Directors organs as well as all levels under
   Company’s policies regarding GCG.                        Guidelines (PUG-KI) 2021 that have been updated                       for achieving sustainable performance.               them which are in line with the Company
4. Corporate Governance Principles developed                by the Governance Policy National Committee                                                                                vision, mission, values, business objectives
   by the Organization for Economic Cooperation             (KNKG), namely Ethical Conduct, Accountability,                                                                            and strategies.
                                                                                                                                                                                    3. The Company must ensure that each
   and Development (OECD).                                  Transparency, and Sustainability.
                                                                                                                                                                                       member of the Board of Commissioners
5. Indonesian Corporate Governance Guideline                                                                                                                                           and the Board of Directors as well as all
   developed by the National Committee on                                                                                                                                              ranks below them to have the competence
   Governance Policies (Komite Nasional Kebijakan                                                                                                                                      in accordance with their responsibilities
                                                                                                                                                                                       and understands their role in corporate
   Governance/KNKG).
                                                                                                                                                                                       governance.
6. Principles for Enhancing Corporate Governance                                                                                                                                    4. The Company establishes a check and
   issued by Basel Committee on Banking Supervision.                                                                                                                                   balance system in its management.
7. ASEAN Corporate Governance Scorecard.                                                                                                                                            5. The Company has performance standards
                                                                                                                                                                                       for all levels based on agreed measurements
                                                                                                                                                                                       consistent with the corporate core values,
                                                                                                                                                                                       the business goals and strategies and has
                                                                                                                                                                                       a rewards and punishment system.




PT BANK MANDIRI (PERSERO) TBK                             566                                                                                                        567                                              ANNUAL REPORT 2024
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        CORPORATE GOVERNANCE                                                                                                            CORPORATE GOVERNANCE




COMMITMENT TO CORPORATE GOVERNANCE
                                                                                                                                                    CORPORATE GOVERNANCE
                                                                                                                                                                ROADMAP
                           Corporate Governance Principles Implementation in Bank Mandiri                                    The development of corporate governance
   Corporate                                                                                                                 implementation has been carried out systematically
  Governance                         Explanation                               Application in Bank Mandiri                   with the following roadmap:
   Principles
TRANSPARENCY         To maintain objectivity in conducting              1. The Company discloses information in a
                     business, corporations provide material and           timely, adequate, clear, accurate and
                     relevant information in a way that is easily          comparable manner and can be accessed
                     accessible and understood by stakeholders.            by concerned parties (stakeholders).
                     Corporations take the initiative to disclose not   2. The Company discloses information which              1998                                                          2003
                     only issues required by laws and regulations,         includes but not limited to the Company’s            Beginning of Merger                                           Bank Mandiri’s Initial Public Offering (IPO)
                     but also those that are important for decision-       vision, mission, business objectives, strategy,
                     making by shareholders, creditors and other           the Company’s financial and non-financial
                     stakeholders.                                                                                              The Corporate Governance implementation                       IPO Preparation, Bank Mandiri has improved the
                                                                           conditions, the Board of Directors and Board
                                                                                                                                                                                              Corporate Governance implementation with the
                                                                           of Commissioners compositions, controlling           awareness was driven by the banking crisis due to
                                                                           shareholders, risk management, supervisory                                                                         following steps:
                                                                                                                                bad governance practices throughout the banking
                                                                           and internal control systems, compliance
                                                                           functions, corporate governance as well              industry, this led to many banks needing to be                1. Establishing Committees at the Board of Commissioners
                                                                           as material information and facts that may           bailed out and then the Board of Directors and the               Level:
                                                                           influence investors’ decisions.                      Board of Commissioners of the Bank had to sign a                 a. Audit Committee
                                                                        3. The Company policies must be written and                                                                              b. Risk Oversight Committee
                                                                                                                                Management Contract with the World Bank which
                                                                           communicated to stakeholders who are                                                                                  c. Remuneration and Nomination Committee
                                                                           entitled to obtain information about the             included the obligations to implement Corporate
                                                                                                                                                                                                 d. Corporate Governance Committee
                                                                           policy.                                              Governance.
                                                                                                                                                                                              2. Establishment of the Corporate Secretary.
                                                                        4. The principle of openness shall still observe
                                                                           the provisions of Company secrets, position                                                                        3. Holding The General Meeting of Shareholders in
                                                                           secrets and personal rights in accordance                                                                             accordance with the prevailing laws and regulations
                                                                           with applicable regulations.                                                                                          for public companies.

SUSTAINABILITY       The Corporation complies with laws and             1. The Company has established a dedicated
                                                                                                                                2000 – 2001                                                   4. Implementing timely disclosure of information,
                                                                                                                                Establishing Governance Commitment,                              including in the publication of Financial Statements,
                     regulations and is committed to carrying              ESG Unit under the supervision of Vice
                     out its responsibility towards society and the        President Director to coordinating the               Structure, and Mechanisms Fundamentals                           material information or events or facts.
                     environment to contribute to sustainable              implementation of sustainability programs.                                                                         5. Preparing an Annual Report that is timely, adequate,
                     development through cooperation with all           2. The Company has established a negative                                                                                clear and accurate.
                     relevant stakeholders to improve their lives
                                                                                                                                Bank Mandiri responded to the Management
                                                                           investment list and implemented Industry                                                                           6. With due observance to the interests of minority
                     in a way that is in line with business interests      Acceptance Criteria (IAC) as part of fulfilling
                                                                                                                                Contract with the World Bank by issuing the
                                                                                                                                                                                                 shareholders.
                     and the sustainable development agenda.               the ESG concept.                                     following:                                                    7. Participated in the assessment of Corporate
                                                                        3. The Company has established Bank Mandiri             1. Board of Directors and the Board of Commissioners             Governance implementation by an independent
                                                                           ESG Governance Structure, including to                  Joint Decree on Corporate Governance Principles.              institution, namely The Indonesian Institute for
                                                                           determine the Bank’s direction related to            2. Board of Directors and the Board of Commissioners             Corporate Governance.
                                                                           climate change and SDGs achievement;
                                                                           oversee ESG implementation, fulfillment of
                                                                                                                                   Joint Decree regarding the Code of Conduct in
                                                                           sustainability targets and initiatives; and             interacting with customers, partners and fellow
                                                                           oversee the implementation of integrated                employees.
                                                                           governance of Sustainability of Bank Mandiri         3. Board of Directors Decree on the Compliance
                                                                           and Subsidiaries.                                       Policy which requires all Bank Mandiri employees           2005
                                                                        4. The Company organizes specific training                                                                            Cultural Transformation
                                                                           programs on sustainability aspects that must
                                                                                                                                   to take full individual responsibility in carrying out
                                                                           be followed by representatives of functions             the Bank’s activities in their respective fields.
                                                                           related to lending, credit supervision, risk         4. The Bank appointed an independent consultant               1. The Bank’s transformation was started through
                                                                           management and others.                                  to conduct a diagnostic review on Corporate                   the establishment of shared values and
                                                                        5. The Company holds periodic meetings                     Governance implementation. The Independent                    formulation of Bank Mandiri’s primary behavior
                                                                           specifically to discuss the progress of                                                                               (TIPCE) reflecting the company’s work culture.
                                                                           sustainability programs.
                                                                                                                                   Rating Agency has given a 6,2 Corporate
                                                                                                                                   Governance assessment score for 2003, an                   2. Development of Corporate Governance
                                                                                                                                   increase from the previous year score of 5,4.                 Charter as outlined in a Board of Commissioners
                                                                                                                                                                                                 Decree, which regulates the Bank’s Corporate
                                                                                                                                                                                                 Governance principles.
                                                                                                                                                                                              3. The Corporate Governance rating in the
                                                                                                                                                                                                 Corporate Governance Perception Index
                                                                                                                                                                                                 (CGPI) received the “Very Trustworthy”
                                                                                                                                                                                                 predicate for the first time.

PT BANK MANDIRI (PERSERO) TBK                              568                                                                                                                          569                                       ANNUAL REPORT 2024
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        CORPORATE GOVERNANCE




CORPORATE GOVERNANCE ROADMAP                                                                                                                                                   CORPORATE GOVERNANCE ROADMAP




                                                                                                               2015                                                      2017
2008 – 2010
Continued Cultural Transformation                                                                              1. Conducted the stage 3 transformation.                  1. Bank Mandiri has participated in the CGPI
                                                                                                               2. The Bank received the “The Best Financial                 assessment for 14 (fourteen) consecutive years
1. Continuously improve the implementation of prudential banking, Corporate Governance and                        Sector” in the Corporate Governance rating                since 2003.
   internal control through the development of the Corporate Governance website, Compliance Risk                  by The Indonesian Institute for Corporate              2. The Bank received “The Best Overall” in the
   Management System, Standard Anti Money Laundering and Prevention of Terrorist Funding procedures,              Directorship (IICD) in the 2016 ASEAN CG                  GCG rating by The Indonesian Institute for
   Risk Based Audit Tools and Audit Management Information Systems.                                               Scorecard.                                                Corporate Directorship (IICD) in the 2016, ASEAN
2. Making business and other management decisions by considering the principles of good corporate              3. The Bank received the title of “The Best of Asia          CG Scorecard,
   governance while always considering all applicable regulations.                                                “ as an Icon on Corporate Governance in                3. Bank Mandiri was awarded as a SOE with the
3. The implementation of an advanced cultural internalization program, among others, through the                  Corporate Governance rating by Corporate                  Best Gratification Control System in the 2017
   holding of a Culture Fair, Culture Seminar, and Recognition Program in the form of awards to work              Governance Asia (CGA).                                    International Anti-Corruption Day Festival
   units and the best change agents in cultural programs.                                                      4. Integrated Governance Implementation                      which was held on 11-12 December 2017 at
                                                                                                                  a. Implementing integrated governance                     the Bidakara Hotel, Jakarta.
                                                                                                                     and integrated work units in the Mandiri
                                                                                                                     Group in accordance with the POJK No.
                                                                                                                     18/ POJK.03/2014 concerning Integrated
2011 – 2013                                                                                                          Governance.
                                                                                                                  b. Forming Integrated Compliance Unit,
1. Bank Indonesia issued PBI No. 13/1/PBI/2011 concerning Assessment of Commercial Bank Soundness                    Integrated Risk Management Unit and
   Level, requires Banks, both individually and in consolidation, to conduct a Corporate Governance
   assessment using a Risk Based Bank Rating (RBBR) approach.
                                                                                                                     Integrated Internal Audit Unit, as well as the      2018
                                                                                                                     Integrated Governance Committee.
2. The consistent implementation of Bank Mandiri’s Corporate Governance has received appreciation
                                                                                                                  c. Developing Integrated Governance                    1. Bank Mandiri has participated in the CGPI
   from various independent and professional national and international institutions:
   a. Bank Mandiri received the Best Financial title in Corporate Governance rating by The Indonesian                Guidelines.                                            assessment for 15 (fifteen) consecutive years
      Institute for Corporate Directorship (IICD) to 100 public companies with the largest market              5. Enhanced the Gift Disclosure Statement’s                  since 2003.
      capitalization values listed on the Indonesia Stock Exchange                                                Operational Technical Guidelines (PTO) to              2. Bank Mandiri was included in the Top 50
   b. Since 2009 Bank Mandiri has always received the honor as the best company in Corporate                      become the Gratification Control PTO which                ASEAN PLCs and Top 3 PLCs Indonesia in the
      Governance implementation Corporate Governance rating by Corporate Governance Asia                          took effect on July 3, 2015 and the launch of the         2nd ASEAN Corporate Governance Scorecard
      (CGA) based in Hong Kong.                                                                                   Gratification Control Unit (UPG) on July 9, 2015.         (CG) Awards.
   c. Implemented the Gratification control through the implementation of Gift                                    UPG Bank Mandiri received a BUMN award with            3. Bank Mandiri was awarded again for the fourth
3. Disclosure reporting on July 2, 2013 as an effort to prevent gratuity receipt in line with the Corruption      the 2015 Best Gratification Control Unit from the         time as a SOE with the Best Gratification Control
   Eradication Commission (KPK) recommendations.                                                                  Corruption Eradication Commission.                        System by KPK.
4. Participated in creating anti-corruption culture, among others, by taking part in 2013 Anti-Corruption
   Week activities organized by the KPK.


                                                                                                               2016
2014                                                                                                           1. Bank Mandiri received “The Best Overall” in
                                                                                                                  the GCG rating by The Indonesian Institute for
1. The Bank received “The Best Overall GCG Rating” by The Indonesian Institute for Corporate Directorship         Corporate Directorship (IICD) in the 2016, ASEAN
   (IICD) in the ASEAN CG Scorecard.                                                                              CG Scorecard.
2. The Bank received the title of “The Best of Asia” as an Icon on Corporate Governance in Corporate           2. Participated in the National Gratification Control
   Governance rating by Corporate Governance Asia (CGA) in Hong Kong.                                             Unit Forum which was held from October 31 to
3. Good Corporate Citizen (GCC) is in line with Bank Mandiri 2015 - 2020 corporate plan, one of which             November 3, 2016 in Bogor, West Java.
   is the social economic impact, one of the components is the role model of corporate citizens. Bank          3. Participated in the 2016 International Anti-
   Mandiri has conducted diagnostic review on GCC in the Company.                                                 Corruption Day Festival which was held on
4. Improve the provisions on the prohibition of gratification as stipulated in the Gift Disclosure Statement      8-10 December 2016 in Pekanbaru Riau. Bank
   Operational Technical Guidelines (PTO) with the KPK recommendations.                                           Mandiri was selected as a BUMN with the Best
                                                                                                                  Gratification Control System.




PT BANK MANDIRI (PERSERO) TBK                        570                                                                                                           571                                    ANNUAL REPORT 2024
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CORPORATE GOVERNANCE ROADMAP                                                                                                                                            CORPORATE GOVERNANCE ROADMAP




2019                                                                                                        2022
1. Rating GCG oleh The Indonesian Institute for Corporate Directorship (IICD) dalam ajang ASEAN CG          1. Corporate Governance rating by The Indonesian Institute for Corporate Directorship (IICD) in the
   Scorecard 2019, Bank Mandiri meraih kategori “The Best Overall”.                                            ASEAN CG Scorecard 2022, Bank Mandiri received the category of “The Best Financial Sector”.
2. Bank Mandiri telah mengikuti penilaian CGPI selama 16 (enam belas) tahun berturut- turut sejak tahun     2. Bank Mandiri’s participation in the ranking of the Corporate Governance Perception Index (CGPI)
   2003. Di tahun 2019 dalam ajang Indonesia Most Trusted Companies Award 2019 yang diselenggarakan            program organized by The Institute Indonesian for Corporate Governance (IICG), has successfully
   oleh IICG, Bank Mandiri kembali meraih predikat “Sangat Terpercaya” sebanyak 13 (tiga belas) kali           maintained the title of “The Most Trusted” for 16 (sixteen) consecutive times.
   berturut-turut.                                                                                          3. In this year’s ACGS assessment, Bank Mandiri again received the ASEAN Asset Class rating and was
3. Bank Mandiri termasuk dalam Top 50 PLCs ASEAN dan Top 3 PLCs Indonesia.                                     included in the list of 50 companies that implement Governance in accordance with the ASEAN
4. Penyempurnaan Susunan Komite Tata Kelola Terintegrasi sehingga Mayoritas anggotanya adalah                  Corporate Governance Scorecard (ACGS) and received the Best Financial Sector award at the 13th
   Komisaris Independen, sehingga sesuai dengan kriteria ACGS.                                                 Institute for Corporate Directorship (IICD) Corporate Governance Award 2022.
                                                                                                            4. In 2022, 3 (three) Subsidiaries in the Financial Conglomeration of Bank Mandiri received the title of
                                                                                                               “Very Trusted” and 4 (four) Subsidiaries received the title of “Trusted” in the ranking of Corporate
                                                                                                               Governance Perception Index (CGPI).
2020                                                                                                        5. Bank Mandiri has adjusted the Integrated Governance Committee Members through the Decree of
                                                                                                               the Board of Directors No. KEP.DIR/17/2022 dated 18 April 2022
1. Bank Mandiri received The Best GRC Overall for Corporate Governance & Performance from Business          6. Bank Mandiri has refined the Charter of the Integrated Governance Committee through the Decree
   News Indonesia Magazine in collaboration with the CEO Forum.                                                of the Board of Commissioners No. KEP. KOM.005/2022 dated 18 November 2022.
2. Bank Mandiri’s participation in the ranking of the Corporate Governance Perception Index (CGPI)          7. Bank Mandiri has refined the Integrated Governance Guidelines on 1 November 2022 and has been
   held by the IICG, again won the title of “Very Trusted” 14 (fourteen) times in a row.                       submitted to all financial institutions in the Mandiri Group Financial Conglomerates on 25 November
3. Bank Mandiri was in the ASEAN Asset Class in the ASEAN Corporate Governance Scorecard (ACGS)                2022.
   ranking by the ASEAN Capital Market Forum.
4. The Bank adjusted the Board of Commissioners composition with the presence of female Independent
   Commissioners to be in accordance with ACGS criteria.


                                                                                                            2023
2021                                                                                                        1. Corporate Governance rating by The Indonesian Institute for Corporate Directorship (IICD) at the
                                                                                                               14th IICD Corporate Governance Conference and Awards 2023, Bank Mandiri received the “Best
1. Bank Mandiri received The Best GRC Overall for Corporate Governance & Performance 2021 (Digital &           Overall” category.
   Wholesale Banking) at the GRC & Performance Excellent Award 2021 held by Business News Indonesia         2. Corporate Governance Perception Index (CGPI) organized by The Institute Indonesian for Corporate
   Magazine in collaboration with the CEO Forum.                                                               Governance (IICG), succeeded in maintaining the title of “The Most Trusted” for
2. Bank Mandiri received The Best Chief Compliance Officer 2021 at the GRC & Performance Excellent          3. 17 (seventeen) consecutive times.
   Award 2021.                                                                                              4. In 2023, there were 3 (three) Bank Mandiri subsidiaries awarded “The Most Trusted” rating,
3. Bank Mandiri received The Best Chief Risk Management Officer 2021 at the GRC & Performance               5. 4 (four) subsidiaries awarded “The Most Trusted” rating, and 1 (one) Sub-Subsidiary awarded the
   Excellent Award 2021.                                                                                       ‘Trusted’ predicate in the Corporate Governance Perception Index (CGPI) 2022 ranking.
4. Bank Mandiri received The Best Chairman in Banking Industries 2021 at the GRC & Performance              6. Bank Mandiri has made adjustments to Integrated Governance Committee Members through the
   Excellent Award 2021.                                                                                       Decree of the Board of Directors No. KEP. DIR/018/2023 dated 11 April 2023.
5. Bank Mandiri again received the “Most Trusted” valuation in the research and rating program of
   Corporate Governance Perception Index (CGPI) 2020 held in 2021 by The Indonesian Institute for
   Corporate Governance (IICG) for the 15 (fifteen) consecutive years.
6. Bank Mandiri received the Best Financial Sector in the Top 50 Big Capitalization Public Listed Company
   held by The Indonesian Institute for Corporate Directorship (IICD).
7. Bank Mandiri has updated the Integrated Governance Committee Charter pursuant to the Decree
   No. KEP.KOM/011/2021 dated 15 November 2021.




PT BANK MANDIRI (PERSERO) TBK                       572                                                                                                     573                                   ANNUAL REPORT 2024
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CORPORATE GOVERNANCE ROADMAP
                                                                                  CORPORATE GOVERNANCE
                                                                            IMPLEMENTATION IN 2024 & PLANS
                                                                                                  FOR 2025
                                                                            In line with our commitment and understanding of            2. Integrated Governance Self-Assessment
                                                                            the crucial role that Corporate Governance plays               In addition to conducting self-assessments
                                                                            in business continuity, Bank Mandiri is continuously           of Individual Governance Implementation,
   2024                                                                     enhancing its governance practices throughout 2024.            Bank Mandiri also performs self-assessments of
                                                                            This has been implemented through the followings:              Integrated Governance Implementation based
                                                                                                                                           on POJK No. 18/POJK.03/2014 and SEOJK No. 15/
   1. Corporate Governance Rating by The Indonesian Institute               1. Governance Self-Assessment – Bank Only                      SEOJK.03/2015 on Integrated Governance. These
      for Corporate Directorship (IICD): At the 15th IICD Corporate            To enhance the sustainable implementation of                self-assessments are conducted twice a year (in
      Governance Conference and Awards 2024, Bank Mandiri                      Governance, Bank Mandiri continuously conducts              June and December) and involve all Financial
                                                                               self-assessments of its Individual Governance               Service Institutions (LJK) within the Bank Mandiri
      achieved the category of “Leadership in Corporate Governance.”
                                                                               implementation based on OJK Regulation (POJK)               Financial Conglomerate.
   2. Corporate Governance Perception Index (CGPI) organized by                No. 17 of 2023 and OJK Circular Letter (SEOJK) No.
      The Institute Indonesian for Corporate Governance (IICG): Bank           13/SEOJK.03/2017 on Governance Implementation               For the self-assessment of Integrated Governance
      Mandiri successfully maintained the “Most Trusted” rating for 18         for Commercial Banks. These self-assessments are            Implementation for the first half of 2024, a score of
      (eighteen) consecutive times.                                            conducted twice a year (in June and December).              1 (one) was achieved, reflecting that the Financial
   3. In 2024, three (3) Bank Mandiri subsidiaries received the “Most                                                                      Conglomerate is deemed to have implemented
      Trusted” rating, and three (3) subsidiaries received the “Trusted”       The results of the self-assessment for Individual           Integrated Governance generally very well. This
                                                                               Governance implementation for the first half of 2024        is evident from highly adequate compliance
      rating in the 2023 Corporate Governance Perception Index (CGPI)
                                                                               received a score of 1 (one). However, OJK provided          with Integrated Governance principles. In cases
      ranking held in 2024.
                                                                               feedback on 5 November 2024, assigning a score of 2         where weaknesses in Integrated Governance
   4. Bank Mandiri completed the refinement of the Integrated                  (two), reflecting that Bank Mandiri’s management            were identified, these weaknesses were generally
      Governance Guidelines on March 25, 2024, and distributed                 has generally implemented good Governance.                  insignificant and could be promptly addressed by
      them to all Financial Service Institutions within the Mandiri Group      This is evident from adequate compliance                    the Main Entity and/or Financial Service Institutions
      Financial Conglomeration on April 23, 2024.                              with Governance principles. In cases where                  within the Financial Conglomerate.
   5. Bank Mandiri adjusted the Membership of the Integrated                   weaknesses in Governance principles were
      Governance Committee through Board of Directors Decree                   identified, these weaknesses were generally not             The self-assessment results for Integrated
                                                                               significant and could be addressed with normal              Governance Implementation for the second
      No. KEP.DIR/040/2024 dated 22 May 2024.
                                                                               actions by Bank Mandiri’s management.                       half of 2024 also received a score of 1 (one),
   6. Bank Mandiri refined the Integrated Governance Committee                                                                             reflecting that the Financial Conglomerate
      Charter through the Board of Commissioners Decree No. KEP.               The self-assessment results for Individual                  is deemed to have implemented Integrated
      KOM/009/2024 dated 31 May 2024.                                          Governance implementation for the second half               Governance generally very well. This is evident
                                                                               of 2024 received a score of 1 (one), reflecting             from highly adequate compliance with
                                                                               that Bank Mandiri’s management has generally                Integrated Governance principles. In cases where
                                                                               implemented very good Governance. This is                   weaknesses in Integrated Governance principles
                                                                               evident from highly adequate compliance                     were identified, these weaknesses were generally
                                                                               with Governance principles. In cases where                  insignificant and could be promptly addressed by
                                                                               weaknesses in Governance principles were                    the Main Entity and/or Financial Service Institutions
                                                                               identified, these weaknesses were generally                 within the Financial Conglomerate.
                                                                               insignificant and could be promptly resolved by
                                                                               Bank Mandiri’s management.




PT BANK MANDIRI (PERSERO) TBK            574                                                                                      575                                       ANNUAL REPORT 2024
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3. ASEAN Corporate Governance Scorecard                        This marks Bank Mandiri’s 21st participation in
   To continue improving the implementation                    the program as of 2024. The Bank successfully           SELF-ASSESSMENT
   of Governance, Bank Mandiri has adopted                     maintained its designation as a “Most Trusted”
   governance assessment practices based on                    company for the 18th consecutive year, achieving
   the principles developed by the Organization                a score of 95.30.
   for Economic Cooperation and Development
   (OECD) and endorsed by the ASEAN Capital                Plans for 2025
   Market Forum (ACMF), known as the ASEAN
   Corporate Governance Scorecard (ACGS).                  Bank Mandiri consistently strives to enhance the       Bank Mandiri conducts self-assessments of its Individual
                                                           quality of corporate governance implementation
   ACGS is used to evaluate corporate governance           and has developed a work plan for 2025, which
                                                                                                                  good governance implementation based on POJK No. 17
   practices of publicly listed companies in ASEAN         includes:                                              of 2023 and SEOJK No. 13/SEOJK.03/2017 on Governance
   countries. The assessment is based on publicly
                                                                                                                  Implementation for Commercial Banks.
   available information, including Annual Reports,        1. Continuously improving the implementation of
   Audited Financial Statements, Sustainability               Good Corporate Governance (GCG).
   Reports, Announcements and Notices for                  2. Ensuring compliance with the ASEAN Corporate
   General Meetings of Shareholders, Corporate                Governance Scorecard (ACGS).                        Applied Criteria                                          3. Governance Outcome
   Websites, and other public information. The             3. Conducting self-assessments of Individual                                                                        The assessment of governance outcome aims
   assessment components of the ASEAN Corporate               Governance implementation and self-assessments      The criteria used in conducting Individual Self-             to evaluate the quality of outcomes that meet
   Governance Scorecard include:                              of Integrated Governance implementation.            Assessments are based on OJK Circular Letter No.             stakeholder expectations. These outcomes
   a. Rights and Equitable Treatment of Shareholders                                                              13/SEOJK.03/2017 on Governance Implementation                result from the effective implementation of
   b. Sustainability and Resilience                                                                               for Commercial Banks. This self-assessment aims to           good governance principles, supported by the
   c. Disclosure and Transparency                          CORPORATE GOVERNANCE                                   map the strengths and weaknesses of Governance               adequacy of the Bank’s governance structure
   d. Responsibilities of the Board of Directors and       ASSESSMENTS                                            implementation, evaluated from three aspects:                and infrastructure. Governance outcomes
      Board of Commissioners                                                                                                                                                   include both qualitative and quantitative
                                                           To enhance the sustainable implementation of           1. Governance Structure                                      aspects, such as:
4. Corporate Governance Perception Index                   Corporate Governance, Bank Mandiri conducts               The assessment of governance structure aims to            a. Adequacy of transparency in reporting.
   To assess the quality of Governance implementation,     periodic Self-Assessments of Governance                   evaluate the adequacy of the Bank’s governance            b. Compliance with laws and regulations.
   Bank Mandiri participated in the Corporate              Implementation every semester. In addition, Bank          structure and infrastructure to ensure that the           c. Consumer protection.
   Governance Perception Index (CGPI) 2023 research        Mandiri undergoes external independent assessments        implementation of good governance principles              d. Objectivity in assessments/audits.
   and rating program conducted in 2024. The theme         of Corporate Governance implementation by                 results in outcomes that meet the expectations            e. Bank performance, including profitability,
   of CGPI was “Building Corporate Maturity within         participating in the Corporate Governance                 of the Company’s stakeholders. The governance                 efficiency, and capitalization.
   the GCG Framework.” The CGPI assessment stages          Perception Index (CGPI) rating program and ensuring       structure includes the Board of Commissioners, the        f. Improvements or declines in compliance with
   include self-assessment, evaluation of document         compliance with the ASEAN Corporate Governance            Board of Directors, Committees, and work units                applicable regulations and the resolution
   completeness, and observation. The assessment           Scorecard (ACGS) standards.                               within the Company. Meanwhile, governance                     of issues faced by the Bank, such as fraud,
   aspects cover Governance Structure, Governance                                                                    infrastructure encompasses policies and                       violations of the Legal Lending Limit (LLL),
   Process, and Governance Outcome.                                                                                  procedures, management information systems,                   and breaches related to regulatory reporting
                                                                                                                     and the main duties and functions of each                     requirements.
                                                                                                                     organizational structure.

                                                                                                                  2. Governance Process
                                                                                                                     The governance process assessment aims to
                                                                                                                     evaluate the effectiveness of the implementation
                                                                                                                     of governance principles, supported by the
                                                                                                                     adequacy of the Bank’s governance structure
                                                                                                                     and infrastructure, to achieve outcomes that
                                                                                                                     align with stakeholder expectations.




PT BANK MANDIRI (PERSERO) TBK                            576                                                                                                          577                                    ANNUAL REPORT 2024
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The Self-Assessment of Individual Good Governance Implementation covers 11 (eleven) governance                     Based on the results of both assessments, the implementation of Bank Mandiri’s governance in 2024 can be
implementation assessment factors, which include:                                                                  summarized as follows:
1. Execution of duties and responsibilities of the Board of Commissioners.
2. Execution of duties and responsibilities of the Board of Directors.                                                                                           STRENGTH                                                     WEAKNESS
3. Completeness and execution of Committee duties.
4. Management of conflicts of interest.                                                                             STRUCTURE

5. Implementation of the compliance function.                                                                       1. Bank Mandiri organizes the Annual GMS to make changes to the Board of Directors and Board                 None
6. Implementation of the internal audit function.                                                                      of Commissioners.
                                                                                                                    2. SAll members of the Board of Directors and Board of Commissioners have passed the OJK fit
7. Implementation of the external audit function.                                                                      and proper test.
8. Implementation of risk management, including the internal control system.                                        3. The composition of the committee membership structure complies with requirements, and
9. Provision of funds to related parties (related party transactions) and large exposures.                             adjustments to the Committee Membership Charter under the Board of Commissioners have
10. Transparency of the Bank’s financial and non-financial conditions, governance implementation reports,              been made as follows:
                                                                                                                       a. Risk Oversight Committee through Decree of the Board of Directors No. . KEP.DIR/039/2024
    and internal reporting.                                                                                               dated May 22, 2024.
11. Bank’s Strategic Plan.                                                                                             b. Remuneration and Nomination Committee through Decree of the Board of Directors No.
                                                                                                                          KEP.DIR/019/2024 dated April 5, 2024.
                                                                                                                       c. Integrated Governance Committee through Board of Directors Decree No. KEP.DIR/040/2024
Assessors                                                                                                                 dated May 22, 2024.
The self-assessment process for Individual Good Governance Implementation at Bank Mandiri involves the                 d. Audit Committee through Board of Directors Decree No. KEP.DIR/016/2024 dated April 5, 2024.
participation of the entire Board of Commissioners, Board of Directors, and work units related to the governance    PROCESS
assessment factors.
                                                                                                                    1. To carry out the duties and responsibilities of the Board of Commissioners and the Board of               None
                                                                                                                       Directors, 28 (twenty eight) Board of Commissioners Meetings and 45 (forty five) Board of Directors
Assessment Scores                                                                                                      Meetings were held during 2024.
In the first semester of 2024, Bank Mandiri conducted a self-assessment of Individual Good Governance               2. Bank Mandiri’s 2023-2025 Bank Business Plan (RBB) was discussed at the Board of Directors and
                                                                                                                       Commissioners Meetings and submitted to OJK in accordance with applicable regulations.
Implementation, achieving a score of 1. However, OJK provided the following feedback on the assessment:
                                                                                                                    3. Committee meetings have been held in accordance with the needs of the Bank. In 2024, the
                                                                                                                       Committees under the Board of Commissioners have conducted meetings with the following
Score                                         Definition of Composite                                                  details
                                                                                                                       a. Audit Committee: 24 (twenty four) times
        Reflecting that in general the Company’s management had implemented a                                          b. Risk Oversight Committee: 28 (twenty eight) times
                                                                                                                       c. Remuneration and Nomination Committee: 15 (fifteen) times
        good Governance. This was reflected in the adequate fulfilment of the principles
  2
                                                                                                                       d. Integrated Governance Committee: 5 (five) times
        of Governance. Where there were weaknesses in the application of Governance
        principles, in general these weaknesses were insignificant and could be resolved by                         RESULTS
        regular actions by the Bank’s management.                                                                   1. The Board of Directors has fully implemented the principles of Good Corporate Governance               Violations of
                                                                                                                       in carrying out the Bank’s business activities at all levels of the organization, which is reflected   applicable
                                                                                                                       in Bank Mandiri’s success in maintaining the title of “The Most Trusted Companies” by The              regulations
In the second semester of 2024, Bank Mandiri conducted a self-assessment of Individual Good Corporate                  Indonesian Institute for Corporate Governance (IICG) for 18 (eighteen)consecutive times and              were still
                                                                                                                       receiving a score of 95.30.                                                                               found.
Governance Implementation, achieving a score of 1. However, OJK has not yet provided feedback on the
                                                                                                                    2. Annual Audit Plan 2024 Internal Audit has been approved by the President Director and the
self-assessment results for the second semester of 2024. The assessment details are as follows:                        Board of Commissioners by considering the recommendations of the Audit Committee,
                                                                                                                    3. The Compliance Director’s report for the first semester of 2024 has been submitted to OJK on
                                                                                                                       July 31, 2024.
Score                                         Definition of Composite
        Reflecting that in general the Company’s management had implemented a very                                 EXTERNAL PARTY ASSESSMENT
        good Governance. This was reflected in the adequate fulfilment of the principles
  1     of Governance. In the event that there were weaknesses in the application of                               Bank Mandiri continues to actively conduct governance assessments by external parties to gather feedback
        GCG principles, in general these weaknesses were insignificant and could be                                and enhance the implementation of the bank’s governance practices.
        immediately improved by the Bank’s management.




PT BANK MANDIRI (PERSERO) TBK                          578                                                                                                                 579                                          ANNUAL REPORT 2024
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                                                                                                                           c. Indicators for Outcomes of Risk Management, Compliance, and Control and Supervision.
     CORPORATE GOVERNANCE PERCEPTION INDEX (CGPI)                                                                          d. Indicators for Outcomes of Governance in Achieving Sustainable Development Goals (SDGs).
                                                                                                                           e. Indicators for Outcomes of Building Corporate Maturity.

In assessing the quality of Governance implementation,         a. Indicators for Governance Systems and               Assessor
Bank Mandiri participates in the CGPI research and                Mechanisms for Shareholders and the
rating program organized by The Indonesian Institute              implementation of GMS.                              The assessment for CGPI is conducted by The Indonesian Institute for Corporate Governance (IICG).
of Corporate Governance (IICG). CGPI is participated           b. Indicators for Governance Systems and
in by public companies (issuers), SOEs, banks, and                Mechanisms for the Board of Commissioners           Assessment Score
other private companies, with Bank Mandiri having                 and the Board of Directors.
participated in the CGPI assessment for 21 (twenty-            c. Indicators for Governance Systems and               The results of the CGPI assessment are utilized by Bank Mandiri to evaluate and improve the implementation
one) consecutive times since 2003.                                Mechanisms for Organizational Behavior.             of GCG. Bank Mandiri received the “Most Trusted” company designation in the 2023 CGPI assessment
                                                               d. Indicators for Governance Systems and               conducted in 2024, with a score of 95.30. This marks the 18th (eighteenth) consecutive award for Bank Mandiri.
Applied Criteria                                                  Mechanisms for Disclosure and Information           The composition of Bank Mandiri’s scores over the last 5 (five) consecutive years is as follows:
                                                                  Transparency.
The CGPI assessment aspects for 2023/2024 include:             e. Indicators for Governance Systems and                              Stages                    2020 Scores             2021 Scores              2022 Scores          2023 Scores         2024 Scores
                                                                  Mechanisms for Risk Management.
                                                                                                                       Governance Structure                                  25.70                   33.76                   26.65             31.53                   31.85
1. Governance Structure                                        f. Indicators for Governance Systems and
   This aspect evaluates the completeness of organs,              Mechanisms for Compliance.                           Governance Process                                    34.50                   34.26                   36.24             31.24                   31.61

   structure, and optimal infrastructure within the            g. Indicators for Governance Systems and                Governance Outcome                                    34.74                   26.99                   32.22             32.45                   31.84
   company in accordance with principles, values,                 Mechanisms for Control and Supervision.              Scores                                                94.94                   95.01                   95.11             95.22                   95.30
   and compliance to create value and ensure                   h. Indicators for Governance Systems and
   sustainable growth ethically and with dignity.                 Mechanisms for Strategic Planning.                  CGPI assessment results in 18 (eighteen) consecutive years were as follows:
   The assessment indicators for the governance                i. Indicators for Governance Systems and
   structure aspect include:                                      Mechanisms for Organizational Infrastructure.
                                                                                                                                                                                                                                                               95,22      95,30
   a. Indicators for Shareholders and GMS                      j. Indicators for Governance Systems and                                                                                                                                      95,01
                                                                                                                                                                                                                                                      95,11
                                                                                                                                                                                                                             94,86   94,94
   b. Indicators for the Board of Commissioners                   Mechanisms for Information Technology.
   c. Indicators for the Board of Directors                    k. Indicators for Governance Systems and
   d. Indicators for Supporting Organs of the Board               Mechanisms for Sustainable Development                                                                                                             93,55
        of Commissioners                                          Goals (SDGs).                                                                                                                  93,29       93,32

   e. Indicators for Supporting Organs of the Board            l. lIndicators for Governance Systems and                                                                               92,55
        of Directors                                              Mechanisms for Creativity and Innovation.
                                                                                                                                                                               92,15
   f. Indicators for Functional Management                     m. Indicators for Governance Systems and
                                                                                                                                            91,51    91,51   91,51
                                                                  Mechanisms for Building Corporate Maturity.                                                        91,33

2. Governance Process
                                                                                                                                   90,55
   This aspect evaluates the management system’s           3. Governance Outcome
                                                                                                                   89,86   89,96
   ability to optimize all management functions in            This aspect evaluates the company’s optimal
   line with changes in the company’s contextual              performance achievements, effectiveness, and
   environment, as well as principles, values,                efficiency in utilizing resources to create value
   and compliance, to create value and ensure                 and ensure sustainable growth ethically and with     2007     2008     2009     2010   2011    2012    2013       2014    2015     2016        2017    2018     2019   2020     2021      2022      2023     2024

   sustainable growth ethically and with dignity.             dignity. The assessment indicators for governance
   The assessment indicators for the governance               outcomes include:
   process aspect include:                                    a. Indicators for Outcomes of Corporate Governance
                                                                  Organs.
                                                              b. Indicators for Conformity of Organizational
                                                                  Behavior.




PT BANK MANDIRI (PERSERO) TBK                            580                                                                                                                                   581                                                   ANNUAL REPORT 2024
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                                                                                                                                       RECOMMENDATION                                                   FOLLOW-UP
                                                                                                                          Bank Mandiri needs to optimize the                  Bank Mandiri consistently applies a risk-aware culture across
Recommendations and Follow Ups                                                                                            implementation of a comprehensive risk culture,     all operational and business activities to mitigate potential
From the results of the 2024 CGPI assessment, there were several recommendations from the IICG on the Bank’s              serving as a strong foundation to maximize          risks that could disrupt the Company's sustainability. This risk-
                                                                                                                          potential, achieve excellent performance, and       aware culture is implemented at all levels, from the highest
governance implementation. These recommendations will be used for improving governance implementation
                                                                                                                          drive sustainable business growth.                  organizational layers to all employees.
at Bank Mandiri.
                                                                                                                                                                              Efforts to enhance the risk-aware culture are also reflected
                                                                                                                                                                              in the development of products and technology by Bank
              RECOMMENDATION                                                   FOLLOW-UP                                                                                      Mandiri, which are always complemented by an adequate
                                                                                                                                                                              Risk Management System to maintain business sustainability.
 GOVERNANCE STRUCTURE                                                                                                                                                         This includes conducting risk assessments and implementing risk
                                                                                                                                                                              mitigation measures prior to launching or executing any product
 Bank Mandiri needs to periodically update            • The process of adjusting and refining Bank Mandiri's policies
                                                                                                                                                                              or activity, ensuring sustainable performance achievements in
 its corporate policies and strategies through          has consistently been carried out by taking into account
                                                                                                                                                                              the long term.
 comprehensive risk-based analysis in response          applicable regulatory provisions, the Bank's strategies, and
 to the dynamics of the business and industry           business needs.                                                   Bank Mandiri needs to develop mitigation            To prevent and mitigate potential fraud, Bank Mandiri
 environment, ensuring the optimization of the        • Bank Mandiri's strategies are formulated comprehensively,         measures and process improvements to prevent        implements the Anti-Fraud Strategy (SAF), which consists of
 company's potential.                                   considering internal and external factors (macroeconomics         the occurrence or recurrence of fraud, non-fraud    four pillars:
                                                        and the banking industry outlook). Furthermore, the               cases, sanctions/fines, and other violations.       • Prevention
                                                        formulation of Bank Mandiri's strategies always adheres to                                                            • Detection
                                                        applicable regulatory provisions, the principles of prudence,                                                         • Investigation, Reporting, Sanctions, and Legal Processes
                                                        risk management, and sound banking practices.                                                                         • Monitoring, Evaluation, and Follow-Up
                                                                                                                                                                              The implementation of this strategy is continuously evaluated
 Bank Mandiri needs to optimize its data              The implementation of Bank Mandiri's governance has been                                                                to ensure its effectiveness.
 governance policies in compliance with               aligned with applicable laws and regulations as well as
 prevailing laws and regulations, while also          prevailing regulatory requirements. Moreover, to further optimize   Bank Mandiri needs to develop an evaluation         Bank Mandiri has implemented human capital management
 referencing best practices and aligning them         governance implementation, Bank Mandiri also adheres to the         framework for measuring the maturity of its human   to develop globally competitive banking talents, ensuring
 with the Company's strategic plans.                  governance principles developed by the ASEAN Capital Market         capital governance system. This will support the    the creation of a high-performing organization with a strong
                                                      Forum (ACMF) and international best practices.                      alignment of human resource management              reputation. Guided by the spirit of learning, synergy, growth,
                                                                                                                          with the company's strategy and position the        and contribution to Indonesia, human capital management
 GOVERNANCE PROCESS                                                                                                       organization in accordance with international       at Bank Mandiri is structured through a Human Capital strategy
                                                                                                                          best practice standards.                            aligned with the Bank’s overall strategy. This aims to cultivate
 Bank Mandiri needs to develop assessment and         Bank Mandiri has established a code of conduct outlining the
                                                                                                                                                                              Strategic Business Leaders with the characteristics of Always
 monitoring programs to ensure that all members       fundamental principles of personal and professional conduct
                                                                                                                                                                              Deliver and Always Ahead, supporting Bank Mandiri's vision of
 of the Board of Directors, Board of Commissioners,   expected of all members of the organization, including the
                                                                                                                                                                              becoming the Undisputed Industry Leader in Indonesia.
 and employees thoroughly understand the              Board of Commissioners, Board of Directors, and all employees.
 relevant code of conduct and apply it effectively.   The implementation of the code of conduct aims to foster            Bank Mandiri needs to develop a reliable            As part of Bank Mandiri's commitment to support the
 This is essential to prevent the corporation from    professional, responsible, fair, proper, and trustworthy behavior   structure and system for consumer protection        establishment of a reliable consumer protection system and
 being involved in inappropriate behavior (ethical    in business interactions with colleagues and partners.              and empowerment, as well as conduct periodic        fostering a sustainable, stable financial system that protects the
 measurement).                                                                                                            evaluations of its implementation.                  interests of consumers and the public, the Bank has implemented
                                                      The implementation and enforcement of the code of conduct                                                               an Operational Policy governing the application of consumer
                                                      are carried out continuously and conscientiously through Annual                                                         protection functions. Bank Mandiri has also established a
                                                      Disclosure, Integrity Pacts, and awareness programs.                                                                    Consumer Protection Unit.
 Bank Mandiri needs to optimize the strengthening     The optimization of internal controls through the implementation    Bank Mandiri needs to maintain the reliability      As part of its efforts to ensure information security, Bank Mandiri
 of internal controls, including through the          of Internal Control Over Financial Reporting (ICOFR) has            and security of the data, network, systems, and     has developed and implemented an IT security strategy that
 implementation of Internal Control Over              been carried out by Bank Mandiri, also referring to regulatory      information technology used to remain free from     complies with regulations and aligns with international standards
 Financial Reporting (ICOFR) to enhance reporting     requirements and best practices. This ensures reasonable            the risks of hacking and unauthorized data usage.   and best practices. This strategy is divided into 3 (three) main
 accountability in alignment with the Company's       assurance for all stakeholders regarding the Bank's reports.                                                            areas: People, Process, and Technology.
 strategic plans.




PT BANK MANDIRI (PERSERO) TBK                              582                                                                                                                  583                                          ANNUAL REPORT 2024
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CORPORATE GOVERNANCE IMPLEMENTATION IN 2024 & PLANS FOR 2025                                                                                   CORPORATE GOVERNANCE IMPLEMENTATION IN 2024 & PLANS FOR 2025




              RECOMMENDATION                                                  FOLLOW-UP
 Bank Mandiri needs to optimize systems and          Bank Mandiri implements knowledge management to ensure
 mechanisms that create corporate value through      that employee and organizational knowledge (both explicit           ASEAN CORPORATE GOVERNANCE SCORECARD (ACGS)
 knowledge by implementing and certifying            and tacit knowledge) can be extracted, documented, and
 according to ISO 30401:2018 – Knowledge             evenly redistributed. This initiative is aimed at maintaining and
                                                                                                                         Another form of assessment conducted regarding Corporate Governance implementation at Bank Mandiri
 Management Systems.                                 enhancing the organization's competitive advantage.
                                                                                                                         is the ASEAN Corporate Governance Scorecard, which serves as a benchmark for governance practices
 Bank Mandiri needs to optimize the systems          Bank Mandiri continues to optimally drive transformation and        agreed upon by the ASEAN Capital Market Forum (ACMF). This parameter is based on OECD Principles and
 and mechanisms for the establishment,               innovation to deliver added value for all stakeholders and to
 implementation, maintenance, and continuous         promote healthy and sustainable business growth.                    is expected to enhance investor confidence in publicly listed companies in ASEAN.
 improvement of an innovation management
 system by implementing and certifying according                                                                         Applied Criteria
 to ISO 56002:2019 – Innovation Management
 Systems.
                                                                                                                         The components of the ASEAN Corporate Governance Scorecard are as follows:
 GOVERNANCE OUTCOME                                                                                                      1. Rights and Equitable Treatment of Shareholders
 Bank Mandiri needs to periodically evaluate the     The evaluation of the implementation of governance, risk            2. Sustainability and Resilience
 maturity of its integrated corporate governance,    management, and compliance has been conducted by Bank               3. Disclosure and Transparency
 risk management, and compliance.                    Mandiri through regular meetings and coordination among
                                                     functional work units, as well as guidance and monitoring
                                                                                                                         4. Responsibilities of the Board of Directors and Board of Commissioners
                                                     mechanisms by the company's committee elements.

 Bank Mandiri needs to take progressive action       Bank Mandiri has established a system and mechanism for
                                                                                                                         Assessor
 on all ongoing legal matters, ensure optimal risk   handling and resolving legal issues faced by the Company, as
 mitigation for all legal claims, and prevent the    well as mitigating the risks associated with legal claims.          The ASEAN Corporate Governance Scorecard is assessed by the ASEAN Capital Market Forum (ACMF).
 recurrence of legal cases involving the Company.

 Bank Mandiri needs to enhance the handling          Bank Mandiri places high priority on customer satisfaction and      Independent Party Assessment Score
 of complaints received from various sources to      provides mechanisms for lodging complaints or expressing
 strengthen stakeholder trust in the Company.        concerns, in accordance with regulatory requirements. The
                                                     Bank has established a dedicated customer service unit, the
                                                                                                                         Bank Mandiri is included in the list of companies awarded the ASEAN Asset Class Public Listed Companies
                                                     Customer Care Group, to handle and resolve all customer             designation in the ASEAN Corporate Governance Scorecard assessment.
                                                     complaints promptly and in line with the established Service
                                                     Level Agreement (SLA). Bank Mandiri provides various accessible
                                                     platforms for customers to submit their complaints.



In the 2023 CGPI conducted in 2024, 3 (three) Subsidiaries received the “Most Trusted” designation, while 3
(three) Subsidiaries were rated as “Trusted,” with the following score details:


 No.                            Entitas Anak                                   Predikat                    Nilai
1.     PT Bank Syariah Indonesia                                            “Most Trusted”                 91.80
2.     PT Bank Mandiri Taspen                                               “Most Trusted”                 90.56
3.     PT Mandiri Sekuritas                                                 “Most Trusted”                 85.81
4.     PT AXA Mandiri Financial Services                                       “Trusted”                   84.18
5.     PT Mandiri Tunas Finance                                                “Trusted”                   84.01
6.     PT Mandiri Utama Finance                                                “Trusted”                   82.05




PT BANK MANDIRI (PERSERO) TBK                             584                                                                                                            585                                  ANNUAL REPORT 2024
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APPLICATION OF CORPORATE                                                                                                             APPLICATION OF CORPORATE GOVERNANCE GUIDELINES TO PUBLIC COMPANIES

GOVERNANCE GUIDELINES TO
PUBLIC COMPANIES

       IMPLEMENTATION OF CORPORATE GOVERNANCE
       ASPECTS AND PRINCIPLES PURSUANT TO FINANCIAL
       SERVICES AUTHORITY REGULATIONS




Bank Mandiri implements Corporate Governance Guidelines for Public Company as stipulated in POJK No.
21/POJK.04/2015 dated 16 November 2015 on the Enactment of Governance Guidelines of Public Companies
as elaborated under SEOJK No. 32/SEOJK.04/2015 dated 17 November 2015 on the Corporate Governance
Guidelines of Public Companies. The following are description on the implementation of these regulations:


           NO.                                ASPECTS – PRINCIPLES - RECOMMENDATIONS                                                                               COMPLY OR EXPLAIN
 A. ASPECT 1: RELATIONSHIP BETWEEN PUBLIC COMPANY AND SHAREHOLDERS IN ENSURING THE RIGHTS OF SHAREHOLDERS.

 A.1. Principle 1: Enhancing the Value of General Meeting of Shareholders (GMS).
A.1.1 Recommendation The Public Company has technical means or procedure for both open and closed                      In the Annual General Meeting of Shareholders (GMS), Bank Mandiri has exercised open and close voting which
1:                   voting that prioritize independency and interest of Shareholders.                                 is stated in the GMS Mechanisms.

Explanation:               Every issued share with voting right has one vote (one share one vote). The Shareholders    The voting mechanism at the GMS is regulated in the Bank’s Articles of Association.
                           may use their voting rights during the decision-making process, in particular to decision
                           with voting mechanism. However, both open and closed voting mechanism has not               At the Annual General Meeting of Shareholders (AGMS) for the 2024 Fiscal Year, the decision-making mechanism
                           been regulated in detail.                                                                   was carried out through deliberation to reach consensus, in accordance with Article 40 of the Financial Services
                                                                                                                       Authority Regulation (“OJK”) No. 15/POJK.04/2020 on the Planning and Implementation of General Meetings of
                           The Public Company is recommended to have voting procedure in decision making               Shareholders for Public Companies (“POJK No. 15/2020”), while also taking into account Article 28 of POJK No.
                           of GMS agenda. Such voting procedure must maintain independency or freedom of               15/2020. If consensus could not be reached, decisions were made through voting. The voting process was conducted
                           Shareholders. As an example, an open voting mechanism is implemented by raising             openly, with votes counted from those validly cast at the Meeting and via eASY.KSEI, except for the Eighth Agenda
                           hand in accordance with option as offered by the GMS chairman. Whilst a close voting        Item, where voting was carried out using unsigned closed ballot cards. Meanwhile, the Fifth Agenda Item was of
                           mechanism is conducted in any decision that required confidentiality or by request from     a reporting nature, hence shareholder approval was not required during the Meeting.
                           Shareholders through voting card or electronic voting.
                                                                                                                       The Bank has developed the GMS Procedures that can be downloaded in the Company’s website and were
                                                                                                                       distributed to the Shareholders during the GMS.

                                                                                                                       Remark: Comply
A.1.2. Recommendation Commissioners of Public Company attends the Annual GMS.                                          The Annual GMS Fiscal Year 2024 was attended by all members of the Board of Commissioners and Board of Directors
2:
                      The presence of all members of the Board of Directors and the Board of Commissioners             Remark: Comply
Explanation :         of the Public Company is intended so that each member of the Board of Directors and
                      the Board of Commissioners can pay attention to, explain, and answer directly the issues
                      or questions as raised by shareholders related the GMS agenda.




PT BANK MANDIRI (PERSERO) TBK                            586                                                                                                                587                                      ANNUAL REPORT 2024
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          NO.                                ASPECTS – PRINCIPLES - RECOMMENDATIONS                                                                                    COMPLY OR EXPLAIN
A.1.3. Recommendation The Summary of Minutes of GMS is available in the Public Company’s website at least                The Annual GMS minutes of meeting of 2024, in both Indonesian and English language, was announced at the
3:                    for one (1) year.                                                                                  latest 2 (two) working days following the GMS, which is published on the Bank’s website, IDX Electronic Reporting
                                                                                                                         System, OJK and eASY KSEI. The Bank’s website presented the GMS convention, including GMS minutes for the last
Explanation :             Based on Article 51 jo. Article 52 of the OJK Regulation No.15/POJK.04/2020 on the Plan        5 (five) years.
                          and Implementation of the General Meeting of Shareholders of Public Company, The
                          Public Company is required to make summary of GMS Minutes in Indonesian and foreign            In addition, Bank Mandiri has prepared GMS Highlights both in Indonesian and English which are uploaded 1 (one)
                          language (minimum in English), and announced to the public within two (2) working days         working day after the GMS on the Bank Mandiri Website and proof of the announcement of the GMS results has been
                          after the GMS is held, one of which is through the Public Company Website. The availability    reported by the Company to OJK and the Indonesia Stock Exchange through Letter No. HBK.CSC/CMA.0867/2024
                          of summary of GMS Minutes in the Public Company Website provides an opportunity                dated 13 March 2024 and reported through the OJK Electronic Reporting System and the Indonesia Stock Exchange.
                          for shareholders who are not present, to easily obtain important information in GMS
                          implementation. Therefore, the provision on the minimum period of availability of GMS          Remark: Comply
                          Minutes summary in the Website are intended to provide sufficient time for shareholders
                          to obtain such information.
 A.2 Principle 2: Enhancing the Quality of Communication between Public Company with Shareholders or
 Investors.
A.2.1. Recommendation Public Company has communication policy with the Shareholders and Investors.                       The Bank has a communication policy with shareholders or investors, as stipulated in the Corporate Secretary
4:                                                                                                                       Charter, Chapter III.A.I. Disclosures.
                      The communication between Public Company and shareholders or investors is intended
Explanation :         so that shareholders or investors obtain clarity of information that has been published to         The disclosure to the stakeholders is formulated by referring to the Capital Market regulations and other relevant
                      the public, such as periodic reports, information disclosure, business condition or prospect       laws and regulations, which can be summarized as follows:
                      and performance, as well as implementation of public company governance. In addition,              1. Periodic and or incidental reporting to regulators (OJK, Bank Indonesia, LPS, Ministry of Justice and Human Rights,
                      the shareholders or investors can also submit input and opinion to the management of                  Indonesia Stock Exchange, etc) and reporting through Electronic Reporting System.
                      Public Company.                                                                                    2. General Meeting of Shareholders (GMS).
                                                                                                                            Implemented according to laws and the Bank’s Articles of Association consisted of the Annual GMS and
                          The communication policy with shareholders or investors shows the commitment of the               Extraordinary GMS.
                          Public Company in carrying out communication with shareholders or investors. This policy       3. Organizing other activities related to corporate actions and/or disclosures such as:
                          can include strategies, programs, and timing of communication implementation, as well             a. Performance Presentation (quarterly)
                          as guideline that support shareholders or investors to participate in the communication.          b. Public Expose (annually)
                                                                                                                            c. Analyst Meeting (quarterly)

                                                                                                                         The Performance Presentation, Public Expose dan Analyst Meeting exercised quarterly and annually were aimed
                                                                                                                         at disclosing information to public and investors on the Bank’s conditions, business prospects, performances, as
                                                                                                                         well as its corporate governance implementation.

                                                                                                                         The Bank also has established specific unit that is tasked to maintain and manage good relations with investors, as
                                                                                                                         well as serve as a centre of information on the Bank’s performance to the investors.

                                                                                                                         Remark: Comply
A.2.2. Recommendation The Public Company discloses the Communication Policy of Public Company with                       The Bank has in place the communication policy on Public Company with shareholders or investors as stated in
5:                    shareholders or investors in Website.                                                              the Corporate Secretary Charter, Chapter III.A.I Disclosures. The policy is provided in the Website. The Bank also
                                                                                                                         continually manages the information in the website, hence latest information is ready for the shareholders and
                          Disclosure of communication policy is a form of transparency on the commitment of the          investors, such as Products/Services, Performance, Management, and Activities.
Explanation :             Public Company in providing equality to all shareholders or investors for the implementation
                          of communication. The disclosure of information also aims to increase the participation        Remark: Comply
                          and role of shareholders or investors in the implementation of the Public Company
                          communication program.




PT BANK MANDIRI (PERSERO) TBK                             588                                                                                                                   589                                         ANNUAL REPORT 2024
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           NO.                                ASPECTS – PRINCIPLES - RECOMMENDATIONS                                                                                   COMPLY OR EXPLAIN
 B. ASPECT 2: FUNCTION AND ROLES OF THE BOARD OF COMMISSIONERS

 B.1 Principle 3: Strengthen the Membership composition of the Board of Commissioners.
B.1.1. Recommendation Determination of total members of the Board of Commissioners takes into account the                Bank Mandiri has complied with the Articles 20 POJK No. 33/POJK.04/2014 concerning the Board of Directors and
6:                    conditions of the Public Company.                                                                  Board of Commissioners of Issuers and Public Companies, namely number of members of the Board of Commissioners
                                                                                                                         is more than 2 (two) members and Article 35 paragraph (1) of POJK No. 17 of 2023 concerning the Implementation of
Explanation :              The total members of the Board of Commissioners may affect the effectiveness of the           Governance for Commercial Banks, namely that Banks are required to have members of the Board of Commissioners
                           duties of the Board of Commissioners. Determination of total members of the Board of          with at least 3 (three) personnel and at most equal to the number of members of the Board of Directors.
                           Commissioners of a Public Company must refer to the provisions of the prevailing law
                           in which at least consists of two (2) people based on the provisions of the POJK No. 33/      As of 31 December 2024, the number of members of the Board of Commissioners of Bank Mandiri is 10 (ten) personnel
                           POJK.04/2 14 on The Board of Directors and Commissioners of Issuers or Public Companies.      consisting of 5 (five) Independent Commissioners and 5 (five) non-Independent Commissioners.
                           In addition, it is also necessary to consider the condition of the Public Company, which
                           includes among other, the characteristic, capacity and size, as well as achievement of        Remark: Comply
                           target and fulfillment of different business needs among the Public Companies. However,
                           exorbitant Board of Commissioners has the potential to disrupt the effectiveness on the
                           implementation function of the Board of Commissioners.
B.1.2. Recommendation Determination on the composition of members of the Board of Commissioners takes into               The composition of members of the Board of Commissioners takes into account the diversity of expertise, knowledge
7:                    account on diversity of expertise, knowledge and required experience.                              and experience needed as disclosed in the Section of Composition and Assignment of the Bank’s Board of
                                                                                                                         Commissioners.
                           The composition of the Board of Commissioners is a combination of characteristics from both
Explanation :              organ and individual perspective according to the need of respective Public Company.          Remark: Comply
                           These characteristics can be reflected in the determination of expertise, knowledge and
                           experience required in the implementation of supervisory and advisory duty by the Board
                           of Commissioners of the Public Company. The composition that has taken into account
                           the need of the Public Company is a positive, especially related to decision making
                           related with supervisory function as carried out by considering various broader aspects.
B.2. Principle 4: Enhancing the Quality of Implementation of Duties and Responsibilities of the Board of
Commissioners.
B.2.1. Recommendation The Board of Commissioners has Self-Assessment Policy to evaluate the performance of               The Board of Commissioners has in place the self-assessment policy that regulated in the BOC Charter. The Performance
8:                    the Board of Commissioners.                                                                        Assessment of the Board of Commissioners is carried out by each member of the Board of Commissioners through
                                                                                                                         self-assessment mechanism based on assessment criteria of duties implementation and responsibilities of the Board
Explanation                The Board of Commissioners’ Self-Assessment policy is a guideline that is used as a form of   of Commissioners covering the aspects of structure, directives and oversight.
                           collegial accountability for evaluating the performance of the Board of Commissioners.
                           Self-assessment is carried out by each member to assess the collegial performance of the      Remark: Comply
                           Board of Commissioners, and not to assess the individual performance of each member
                           of the Board of Commissioners. With this Self-Assessment, it is expected that each member
                           of the Board of Commissioners can contribute in improving the performance of the Board
                           of Commissioners on an ongoing basis.

                           This policy can include the assessment activity as carried out along with the purpose and
                           objective, periodic period of implementation, and benchmark or assessment criteria being
                           used in accordance with the recommendations from the Remuneration and Nomination
                           function of Public Company as required by OJK Regulation on the Remuneration and
                           Nomination Committee of Issuer or Public Company.




PT BANK MANDIRI (PERSERO) TBK                             590                                                                                                                  591                                        ANNUAL REPORT 2024
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           NO.                                ASPECTS – PRINCIPLES - RECOMMENDATIONS                                                                                    COMPLY OR EXPLAIN
B.2.2. Recommendation The Self-Assessment Policy to evaluate the performance of the Board of Commissioners                The self-assessment policy on the Board of Commissioners’ performance assessment has been disclosed in this
9:                    is disclosed in the Annual Report of Public Company.                                                Annual Report.

                           The disclosure of Self-Assessment Policy on performance of the Board of Commissioners          Remark: Comply
Explanation:               is conducted not only to comply with transparency aspect as form of accountability of
                           its duties but also to provide assurance to the Shareholders or investors on efforts that
                           need to be done in improving the performance of the Board of Commissioners. Upon
                           the availability of disclosure, the Shareholders or investors acknowledge the check and
                           balance mechanism towards the Board of Commissioners.
B.2.3. Recommendation The Board of Commissioners has policy on resignation of member of the Board of                      Bank Mandiri has in place the policy on resignation of member of the Board of Commissioners when involved in
10:                   Commissioner when involved in financial crime.                                                      financial crime as stated in the Bank’s Articles of Association, namely the tenure of the Board of Commissioners is
                                                                                                                          ended upon the violations of laws and regulations and upon resignation.
                           The resignation policy of member of the Board of Commissioners being involved in financial
Explanation:               crime is a policy that can increase the stakeholders’ trust in the Public Company, so that     Referring to the Article 14 paragraph (26) letter f of the Bank’s Articles of Association, the tenure of member of the
                           corporate integrity will be maintained. This policy is needed to help the legal process and    Board of Commissioners is ended if no longer meet the requirements as member of the Board of Commissioners
                           so that the legal process does not interfere the course of business activities. In addition,   based on the Articles of Association and other laws and regulations. In the event that a member of the Board of
                           in terms of morality, this policy builds an ethical culture within the Public Company. This    Commissioners is resigning including if involved in the financial crime, thus a concerned member of the Board of
                           policy can be included in the Code or the Code of Ethics that applies to the Board of          Commissioners shall inform in writing regarding his/her intention to the Bank, and the Bank shall convene the GMS to
                           Commissioners.                                                                                 take decision on the resignation of a member of the Board of Commissioners within 90 days after the acceptance
                                                                                                                          of the resignation.
                           Furthermore, being involved in financial crimes shall means the convicted status from the
                           authorities of respective member of the Board of Commissioners. The financial crimes are       Remark: Comply
                           manipulation and various forms of embezzlement in financial service activities as well as
                           Money Laundering Criminal Action as referred to Law Number 8 of 2010 on Prevention
                           and Eradication of Money Laundering Crimes.
B.2.4. Recommendation The Board of Commissioners or Committee that perform the Remuneration and Nomination                Bank Mandiri has established the Remuneration and Nomination Committee that assists the Board of Commissioners
11:                   Function formulates the succession policy in the nomination process of member of the                to propose recommendations to the shareholders of series A Dwiwarna, in terms of the following:
                      Board of Directors.                                                                                 • Developing, implementing and analyzing the nominating criteria and procedures for candidates of the Board
                                                                                                                             of Commissioners and Directors.
Explanation:               Based on the provision of the OJK Regulation No. 34/POJK.04/2014 on the Remuneration           • Identifying candidates of Directors from internal and/or external of the company, and candidates of Commissioners
                           and Nomination Committee of Issuer or Public Company, the committee that carries out              that meet the requirements for being proposed/appointed as Director or Commissioner.
                           the nomination function has the task of formulating policy and criteria needed in the
                           nomination process of potential member of the Board of Directors. Policy that can support      To prepare future leadership regeneration, Bank Mandiri designed the Talent and Succession Management
                           the nomination process is the succession policy of member of the Board of Directors. The       program, a succession policy for the Board of Directors which refers to SOE Minister Regulation No. PER-11/MBU/2021
                           policy on succession aims to maintain the continuity of the regeneration of leadership in      concerning requirements, procedures for appointment and dismissal of SOE Board of Directors members as last
                           the company in order to maintain the business continuity and the company’s long-term           amended by SOE Minister Regulation No. PER-3/MBU/03/2023. In addition, as a Public Company, the Bank’s Policy
                           objective.                                                                                     also refers to POJK No. 33/POJK.04/2014 concerning the Board of Directors and Board of Commissioners of Issuers
                                                                                                                          or Public Companies. The appointment and dismissal of the Bank’s Board of Directors is carried out based on the
                                                                                                                          principles of professionalism and Corporate Governance.

                                                                                                                          Remark: Comply




PT BANK MANDIRI (PERSERO) TBK                             592                                                                                                                    593                                        ANNUAL REPORT 2024
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           NO.                                ASPECTS – PRINCIPLES - RECOMMENDATIONS                                                                                      COMPLY OR EXPLAIN
 C. ASPECT 3: FUNCTION AND ROLES OF THE BOARD OF DIRECTORS

 C.1. Principle 5: Strengthen the Membership composition of the Board of Directors
C.1.1.Recommendation Determination of total members of the Board of Directors takes into account on the                    Bank Mandiri has complied with Article 20 POJK 33/POJK.04/2014 on the Board of Directors and the Board of
12:                  condition of the Public Company and effectiveness in decision making.                                 Commissioners of Issuers or Public Companies, namely the Board of Directors of Issuers or Public Companies consists of
                                                                                                                           2 (two) members and Article 6 paragraph (1) of POJK No. 17 of 2023 concerning the Implementation of Governance
Explanation:               Being the Company’s organ that is authorized in managing the Company, the determination         for Commercial Banks, namely Banks are required to have at least 3 (three) members of the Board of Directors.
                           of total members of the Board of Directors has significant impact to the Company’s
                           performance. Thus, the determination of the total members of the Board of Directors             As of 31 December 2024, number of the Bank’s Directors are 12 (twelve) members, and has been stipulated based
                           must be done through careful consideration and refer to the provisions of the applicable        on complexity and requirements of the Bank. In the Board of Directors rules, the mechanism of decision making of
                           regulation, whereby based on OJK Regulation No.33/POJK.04/2 14 on the Board of                  the Board of Directors has been stipulated.
                           Directors and Board of Commissioners of Public Company, shall at least consists of 2 (two)
                           people. In addition, the determination of total members of the Board of Directors must          Remark: Comply
                           be based on the need to achieve the objectives and purpose of public company and
                           being adjusted to the conditions of the public company including the characteristic,
                           capacity and size of the public company and effectiveness of the decision making by
                           the Board of Directors.
C.1.2. Recommendation Determination on the composition of members of the Board of Directors takes into account             The determination of the Bank’s Board of Directors’ composition has taken into account the Bank’s needs and business
13:                   on diversity of expertise, knowledge and required experience.                                        complexity, namely by considering the diversity of skills, educational background, and professional experience,
                                                                                                                           and is gender equality. The Board of Directors’ structure diversity is expected to provide alternative in resolving the
                           Similar with the Board of Commissioners, the composition diversity of members of the Board      increasingly complex issues faced by the Bank, compared to member of Directors that are naturally homogenic,
Explanation:               of Directors is a combination of required characteristic from both organ and individual         thereby delivering the best decisions in the decision-making process.
                           perspective according to the needs of respective Public Company. The combination
                           is determined in view of expertise, knowledge and experience in accordance with                 Remark: Comply
                           segregation of tasks and functions of the Board of Directors in achieving the purpose of
                           the Public Company. Thus, consideration of the combination of characteristics will have
                           an impact on the accuracy of the collegial nomination and appointment of individual
                           member of the Board of Directors or Directors.
C.1.3. Recommendation Member of the Board of Directors in charge of accounting or finance has expertise and/               The director in charge of accounting or finance at Bank Mandiri is the Director of Finance, namely Mr. Sigit Prastowo
14:                   or knowledge in accounting field.                                                                    with experience and competence in the field of Treasury (Finance), who in carrying out his duties requires the
                                                                                                                           knowledge in accounting. In addition, to support the implementation of his duties, he often participates in forums
                           The Financial Report is a management accountability report for resources management             and seminars related to finance both at home and abroad.
Explanation:               owned by the Public Company, which must be compiled and presented in accordance
                           with Financial Accounting Standards in Indonesia as well as related OJK regulations,            Remark: Comply
                           including regulation in the Capital Market sector which regulates the presentation and
                           disclosure of Public Company Financial Statement. Based on the laws and regulations
                           in the Capital Market sector that regulates the responsibility of the Board of Directors for
                           the Financial Report, the Board of Directors is jointly responsible for the Financial Report,
                           signed by the President Director and member of the Board of Directors in charge of
                           accounting or finance.

                           As such, the financial disclosure and information presented in the financial statements
                           will be very much dependent on the skills, and/or expertise of the Board of Directors,
                           specifically member of the Board of Directors in charge of accounting or finance. Adequate
                           qualifications and/or expertise in accounting that at least proficient by the concerned
                           members of the Board of Directors, will ensure confidence in the preparation of financial
                           statements, thereby the financial statements can be relied on by the stakeholders as a
                           basic in decision making economically related to the concerned Public Company. The
                           expertise and/or skills shall be affirmed by educational background, training certificates,
                           and/or related work experiences.




PT BANK MANDIRI (PERSERO) TBK                              594                                                                                                                    595                                         ANNUAL REPORT 2024
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           NO.                                 ASPECTS – PRINCIPLES - RECOMMENDATIONS                                                                                    COMPLY OR EXPLAIN
 C.2. Principle 6: Enhancing the Quality Implementation of Duties and Responsibilities of the Board of Directors
C.2.1 Recommendation The Board of Directors has Self-Assessment Policy to evaluate the performance of the                   The Board of Directors has a self-assessment policy. The performance assessment of the Board of Directors is carried
15:                  Board of Directors.                                                                                    out by each member of the Board of Directors through a self-assessment mechanism to evaluate the performance
                                                                                                                            of the Board of Directors collegially, and not to assess the individual performance of each member of the Board of
Explanation:               Similar with the Board of Commissioners, the Board of Directors’ Self-Assessment policy is       Directors. As described in the Annual Report in the section of the Performance Assessment of the Board of Directors.
                           a guideline being used as a form of accountability to evaluate collegial performance of
                           the Board of Directors. The self-assessment is conducted by each member of the Board             Remark: Comply
                           of Directors to assess the collegial performance of the Board of Directors, and not to
                           assess the individual performance of each member of the Board of Directors. With this
                           self-assessment, it is expected that each member of the Board of Directors can contribute
                           to improve the performance of the Board of Directors on an ongoing basis.

                           This policy can include the assessment activity as carried out along with the purpose and
                           objective, periodic period of implementation, and benchmark or assessment criteria being
                           used in accordance with the recommendations from the Remuneration and Nomination
                           function of Public Company as required by OJK Regulation No. 34/POJK.04/2014 on the
                           Remuneration and Nomination Committee of Issuer or Public Company.
C.2.2. Recommendation The Self-Assessment Policy to evaluate the performance of the Board of Directors is                   The self-Assessment policy on the performance of the Board of Directors has been disclosed in the 2024 Fiscal Year
16:                   disclosed in the Annual Report of Public Company.                                                     Annual Report in the Board of Directors Performance Evaluation section.

                           The disclosure of Self-Assessment Policy on performance of the Board of Directors is             Remark: Comply
Explanation:               conducted not only to comply with transparency aspect as form of accountability of
                           its duties but also to provide assurance to the Shareholders or investors on efforts that
                           need to be done in improving the performance of the Board of Commissioners. Upon
                           the availability of disclosure, the Shareholders or investors acknowledge the check and
                           balance mechanism towards the Board of Directors.
C.2.3. Recommendation The Board of Directors has policy on resignation of member of the Board of Commissioner               Bank Mandiri has in place the policy on resignation of member of the Board of Directors when involved in financial
17:                   when involved in financial crime.                                                                     crime as stated in the Bank’s Articles of Association.

Explanation:               The resignation policy of the Board of Directors involved in financial crimes is a policy that   Referring to the Article 14 paragraph (26) letter f of the Bank’s Articles of Association, the tenure of member of
                           can increase the stakeholders’ trust in the Public Company, so that corporate integrity          the Board of Directors is ended if no longer meet the requirements as member of the Board of Directors based on
                           will be maintained. This policy is needed to help the legal process and so that the legal        the Articles of Association and other laws and regulations, including involvement in financial crime. In the event
                           process does not interfere with the course of business activities. In addition, in terms of      that a member of the Board of Directors is resigning including if involved in the financial crime, thus a concerned
                           morality, this policy will build an ethical culture within the Public Company. This policy can   member of the Board of Directors shall inform in writing regarding his/her intention to the Bank, and the Bank shall
                           cover in the Code or the Code of Ethics that applies to the Board of Directors.                  convene the GMS to take decision on the resignation of a member of the Board of Directors within 90 days after
                                                                                                                            the acceptance of the resignation.
                           Furthermore, what is meant by being involved in a financial crime is the status of being
                           convicted of a member of the Board of Directors from an authorized party. These financial        Remark: Comply
                           crimes include manipulation and various forms of embezzlement in financial service
                           activities as well as the Criminal Act of Money Laundering as referred to in Law No. 8 of
                           2010 concerning Prevention and Eradication of Money Laundering.




PT BANK MANDIRI (PERSERO) TBK                              596                                                                                                                    597                                        ANNUAL REPORT 2024
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           NO.                              ASPECTS – PRINCIPLES - RECOMMENDATIONS                                                                                  COMPLY OR EXPLAIN
 D. ASPECT 4: STAKEHOLDERS PARTICIPATION

 D.1. Principle 7: Enhancing Governance Aspect Through Stakeholders Participation.
D.1.1. Recommendation The Public Company has the Policy to prevent Insider Trading.                                 The policy to prevent insider trading is regulated in SP SDM
18:                                                                                                                 • Chapter III.C.2.c regarding the Code of Conduct and Business Ethics, which are ethical standards that must be
                      A person with inside information is prohibited from conducting a Securities transaction by       guided by all levels of the bank in carrying out daily duties and services and conducting business relations with
Explanation:          using inside information as stipulate under the Capital Market Law. Public company can           customers, partners and colleagues.
                      minimize the occurrence of insider trading through prevention policies, for example by        • Chapter III.C.2.e regarding employee disciplinary regulations governing obligations, prohibitions and sanctions
                      firmly separating between confidential and public data as well as distributing the duties        on employees.
                      and responsibilities on information management in proportional and efficient manner.
                                                                                                                    SP Corporate Secretary
                                                                                                                    Chapter III.A.5 Principles of Information Disclosure, which regulates
                                                                                                                    • Insiders who have insider information are prohibited from influencing any party, including the Insider’s family,
                                                                                                                       to buy or sell shares
                                                                                                                    • Insiders other than the Board of Directors and the Board of Commissioners who commit violations as stipulated
                                                                                                                       above and are proven to have carried out transactions and/or provide insider information will be subject to
                                                                                                                       disciplinary sanctions as stipulated in the Human Resources Guidelines Standards (SPSDM)
                                                                                                                    • The Board of Directors and the Board of Commissioners and parties due to their position, profession/ relationship with

                                                                                                                    Remark: Comply
D.1.2. Recommendation The Public Company has the anti-corruption and anti-fraud policies.                           Gratification Control
19:                                                                                                                 Bank Mandiri recognizes that controlling gratification is a crucial activity to ensure business processes are conducted in
                      The anti-corruption policy ensures that the business activities of the Public Company are     accordance with business ethics that uphold the value of integrity. In 2013, Bank Mandiri established a Gift Disclosure
Explanation:          carried out legally, prudently and in accordance with the principles of good governance.      Statement, which was updated in 2015 with an Operational Technical Guideline (PTO) regulating the prohibition
                      The policy can be part of a code of ethics, or in a separate form. This policy may include,   of receiving and/or giving gratification for all levels within Bank Mandiri. In the same year, the Gratification Control
                      among others, the programs and procedures implemented in dealing with corrupt                 Unit (UPG) was formed to execute gratification control functions within the Bank.
                      practices, kickbacks, fraud, bribery and/or gratuities in public companies. The scope
                      of the policy must describe the prevention of the Public Company against all corrupt          The purpose of gratification control extends beyond compliance; it aims to embed good governance values
                      practices, either giving or receiving from other parties.                                     within the Bank and instill the value of integrity among all employees. This ensures that daily business activities with
                                                                                                                    customers, vendors, partners, and all stakeholders are always guided by ethics, mutual trust, and accountability. As
                                                                                                                    a result, business interests can proceed ethically and effectively without conflicting with gratification prohibitions.
                                                                                                                    Bank Mandiri continues to strive for ongoing improvement in implementing gratification control measures.

                                                                                                                    To align with prevailing regulations and current business developments while maintaining strong relationships with
                                                                                                                    stakeholders, Bank Mandiri periodically refines its Gratification Control Operational Technical Guideline (PTO). The
                                                                                                                    most recent revision was finalized on August 16, 2024.

                                                                                                                    Anti-Bribery Management System
                                                                                                                    To support continuous efforts in combating corruption, Bank Mandiri obtained the ISO 37001:2016 certification for
                                                                                                                    its Anti-Bribery Management System on August 10, 2020. This certification was renewed on October 13, 2023, and is
                                                                                                                    valid until 2026. Initially, the scope of the ISO 37001:2016 certification covered Procurement & Vendor Management.
                                                                                                                    Since 2022, the scope has been successfully expanded to include Procurement, Vendor Management, and Internal
                                                                                                                    Audit Processes.




PT BANK MANDIRI (PERSERO) TBK                          598                                                                                                                   599                                          ANNUAL REPORT 2024
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           NO.                  ASPECTS – PRINCIPLES - RECOMMENDATIONS                                                      COMPLY OR EXPLAIN
                                                                         Implementation of Anti-Fraud Strategy
                                                                         Bank Mandiri has implemented an Anti-Fraud Strategy in accordance with OJK Regulation Number 12 of 2024
                                                                         regarding the Implementation of Anti-Fraud Strategies for Financial Institutions. As part of the improvement of the
                                                                         Internal Control Policy, Bank Mandiri continues to make improvements to these regulations. This is also done in every
                                                                         policy such as Standard Operating Procedures (SPO), Technical Operational Guidelines (PTO) and other regulations.

                                                                         Bank Mandiri’s Anti-Fraud Strategy regulates 4 pillars, namely:
                                                                         1. Pillar 1 (Prevention)
                                                                            a. It is the responsibility of all levels of the Bank (work unit) and is part of the Fraud Control System in order to
                                                                                reduce the potential for fraud. Programs implemented in this pillar include:
                                                                            b. Anti-Fraud Awareness, such as socialization of Anti-Fraud Statement, Employee Awareness Program and
                                                                                Customer Awareness Program. The Employee Awareness Program is carried out by providing training,
                                                                                socialization, publication of fraud awareness through the Bank’s internal media that reaches all employees
                                                                                and block leave obligations for each employee. Customer Awareness Program is carried out through the
                                                                                use of social media effectively, periodically and dynamically.
                                                                            c. Identification of Vulnerabilities, such as the application of Risk Management principles where all policies
                                                                                and procedures are designed with due regard to internal control, the application of GCG principles and
                                                                                Compliance. The implementation of work by employees in accordance with their authority and responsibilities
                                                                                is stated in the job description of each employee, and signed by the employee concerned. In addition, the
                                                                                signing of the Annual Disclosure by all employees at the beginning of the year.


                                                                            d. Know Your Employee (KYE) Policy is a principle applied by the Bank to get to know each employee well
                                                                               both in terms of ability and personality. KYE is carried out through a candidate selection process as well as
                                                                               monitoring the character and lifestyle of employees

                                                                         2. Pillar 2 (Detection)
                                                                            It is the responsibility of all units, both first-line, second-line, and third-line and is part of the fraud control system
                                                                            in order to identify and find fraud in the bank’s business activities. The programs implemented by Bank Mandiri
                                                                            in this pillar include:
                                                                            a. Whistleblowing System-Letter to CEO, which is managed by an independent party to minimize conflicts of
                                                                                 interest and provide a sense of security to whistleblowers.
                                                                            b. Fraud Detection System, which has been implemented to support the Bank’s detection activities which
                                                                                 includes detection of transactional fraud and non-transactional fraud.
                                                                            c. Surprise Audit, whose implementation is prioritized in business units that are at high risk or prone to fraud.
                                                                            d. Surveillance System, which aim to monitor and review the internal control effectiveness (including fraud
                                                                                 control system).

                                                                         3. Pillar 3 (Investigation, Reporting, Sanctions and Legal Process)
                                                                            It is part of the Fraud Control System in the context of handling fraud that occurs through investigations and the results
                                                                            are reported to the President Director, Board of Commissioners, and Regulators, including the proposed imposition of
                                                                            sanctions and legal processes for fraudsters. In order to strengthen the function of the Third Pillar, delegation of authority
                                                                            for the implementation of investigations and imposition of sanctions to each region has been carried out to accelerate
                                                                            the process of handling cases and recovery.

                                                                         4. Pillar 4 (Monitoring, Evaluation and Follow-up)
                                                                            It is part of the Fraud Control System in order to monitor the follow-up results of investigations and evaluation of fraud
                                                                            incidents, to improve weaknesses and strengthen the Internal Control System in order to prevent the recurrence of fraud
                                                                            due to similar weaknesses. Written reporting to the President Director and the Board of Commissioners is carried out in
                                                                            an orderly manner to monitor the established follow-up list.

                                                                         Remark: Comply




PT BANK MANDIRI (PERSERO) TBK           600                                                                                          601                                             ANNUAL REPORT 2024
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           NO.                                ASPECTS – PRINCIPLES - RECOMMENDATIONS                                                                                       COMPLY OR EXPLAIN
D.1.3. Recommendation The Public Company has policy on vendor or supplier selection and capability improvement.           Bank Mandiri has a policy regarding Selection and Capacity Building for Suppliers or Vendors, namely:
20:                                                                                                                       1. Operational Policy (KOPR), article 205 on Operational Facilities and Infrastructure - Procurement
                      The Policy on vendor or supplier selection is useful to ensure that the Public Company can          2. Standard Operating Guidelines (SPO) that regulate, among others (Chapter III):
Explanation:          obtain the required goods or services at competitive prices and good quality. While the                a. General provisions include:
                      policy of increasing the capability of supplier or vendor is useful for ensuring the efficient            i) Principles of Procurement
                      and effective supply chain. The capability of supplier or vendor to supply/fulfil the goods               ii) Procurement Ethics
                      or services needed by the company will affect the quality of the company’s output.                        iii) Purpose of the Procurement Process
                                                                                                                                iv) Monitoring of Domestic Products Use
                           Thus, the implementation of these policies can guarantee the supply continuity in terms of           v) Procurement Planning
                           quantity and quality as required by the Public Company. The scope of this policy includes            vi) Loading Guidelines
                           criteria in selecting supplier or vendor, transparent procurement mechanism, effort to            b. Provisions for the implementation of the procurement of goods and services include:
                           improve supplier or vendor capability, and fulfil the right relating to supplier or vendor.          i) Procurement of Goods and Services Mechanism
                                                                                                                                ii) Procurement Process
                                                                                                                                iii) Stages of the Procurement Process
                                                                                                                                iv) Execution of Work and Handover of Work
                                                                                                                                v) Provisions for Change of Work (plus/minus).
                                                                                                                                vi) Provisions for the Implementation of Repeat Purchases.
                                                                                                                                vii) Implementation of Procurement Activities to Overcome Certain Conditions.
                                                                                                                                viii)Document and Payment Process.
                                                                                                                          3. Procurement Operational Technical Guidelines (PTO) that regulate, among others (Chapter III):
                                                                                                                             a. Implementation Provisions
                                                                                                                                i) Accreditation Partners (Goods and Services Providers)
                                                                                                                                     • General & including aspects that are reviewed in carrying out the qualifications of prospective Goods and
                                                                                                                                        Services Providers)
                                                                                                                                     • Procedures for partner accreditation (Goods and Services Providers) (including aspects considered in determining
                                                                                                                                        recommended partners to be invited in a procurement process)
                                                                                                                                     • Partner Monitoring includes:
                                                                                                                                        »» Monitoring Vendor Data
                                                                                                                                        »» Monitoring Vendor Performance
                                                                                                                                        »» Increasing Vendor Competence
                                                                                                                                        »» Sanctions for Vendor

                                                                                                                          Remark: Comply
D.1.4. Recommendation The Public Company has policy on fulfilment of creditor rights.                                     The fulfilment of creditors’ rights at Bank Mandiri is stated in the loan agreement with creditor. The following creditors’
21:                                                                                                                       rights are stated in the agreement, among others:
                      The policy on fulfilment of creditor rights is used as a guideline in providing loan to creditor.   1. Receive the audited financial statements;
Explanation:          The purpose of the policy is to maintain the fulfilment of right and maintain creditor trust        2. Receive the loan progress/use report;
                      in the Public Company. The policy includes consideration in making agreement, as well               3. Receive late sanction on report submission;
                      as follow-up in fulfilling the obligation of the Public Company to creditor.                        4. Receive written notification, request, and approval

                                                                                                                          Remark: Comply
D.1.5. Recommendation The Public Company has the Whistleblowing System policy.                                            1. The implementation of the Whistleblowing System (WBS) at Bank Mandiri is referred to as the Letter to CEO (LTC).
22:                                                                                                                          The WBS-LTC serves as a platform for reporting indications or acts of fraud and/or non-fraud by employees or
                      A well-developed Whistleblowing system policy will provide certainty of protection to witness          stakeholders of Bank Mandiri to the President Director. It emphasizes disclosures from complaints to enhance the
Explanation:          or reporter for an indication of violation committed by employees or management of the                 effectiveness of the internal control system and good governance practices within the Bank.
                      Public Company. The implementation of the policy will have an impact on establishing                2. The WBS-LTC at Bank Mandiri has been implemented since 2009 and is governed by the Technical Operational
                      a culture of good corporate governance. The Whistleblowing system policy includes,                     Guidelines for the Whistleblowing System - Letter to CEO (WBS-LTC), which are continuously updated, with the
                      among others, type of violations that can be reported through the Whistleblowing system,               latest revision dated 26 September 2024.
                      complaint procedure, protection and guarantee of the confidentiality of the reporter,               3. Since its revitalization in 2018, the management of the WBS-LTC involves an independent party to provide a safe
                      handling procedure for received complaints, parties that managing the complaints, and                  environment that encourages employees and stakeholders to report issues confidently. Reporters can include
                      the results and follow-up of complaints handling.                                                      their full identity or remain anonymous (identity known only to the independent party).
                                                                                                                          4. Reports to the WBS-LTC can be submitted through the following channels:
                                                                                                                             Website https://bmri-wbsltc.tipoffs.info/
                                                                                                                             Email to bmri-wbsltc.tipoffs.info
                                                                                                                             Letter to POBOX 1007 JKS 12007
                                                                                                                             SMS and WA to 0811-9007777

                                                                                                                          Remark: Comply




PT BANK MANDIRI (PERSERO) TBK                             602                                                                                                                       603                                           ANNUAL REPORT 2024
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           NO.                                ASPECTS – PRINCIPLES - RECOMMENDATIONS                                                                                 COMPLY OR EXPLAIN
D.1.6. Recommendation The Public Company has a long-term incentive policy for the Board of Directors and                  Bank Mandiri has a policy of providing long-term incentives to Commissioners and Directors according to the
23:                   employees.                                                                                          provisions in POJK No. 45/POJK.03/2015 concerning Implementation of Governance in Providing Remuneration for
                                                                                                                          Commercial Banks. Bank Mandiri implements Governance in the Provision of Remuneration that has considered
Explanation:               Long-term incentive is a given incentive based long-term performance achievement. The          various aspects, including bank financial stability, the creation of risk management, short-term and long-term
                           long-term incentive plan has the rationale that the long-term performance of the company       liquidity needs, and potential future income.
                           is reflected in the growth of shares value or other long-term target of the company. Long-
                           term incentive shall have the benefit to maintain loyalty and provide motivation to the        Bank Mandiri can postpone deferred variable remuneration (Malus) or withdraw variable remuneration that has
                           Board of Directors and employees to improve their performance or productivity, which           been paid (Clawback) to officials who are classified as Material Risk Taker (MRT).
                           will have an impact on improving the company’s performance in the long run.
                                                                                                                          Remark: Comply
                           The availability of a long-term incentive policy is an actual commitment by the Public
                           Company to encourage the implementation of long-term incentive to the Board of
                           Directors and Employees with terms, procedures and forms being adjusted to the long-term
                           objectives of the Public Company. The policy can include, amongst other, the purpose
                           of objective in providing the long-term incentive, terms and procedures in providing the
                           incentive, and condition as well as risks that must be considered by the Public Company
                           in providing the incentives. This policy can also be included in the existing public company
                           remuneration policy.
 E. ASPECT 5: INFORMATION DISCLOSURE

 E.1. Principle 8: Enhancing the Disclosure Implementation.
E.1.1. Recommendation The Public Company utilizes technology information wider than the Website as a media                Bank Mandiri managed the Company’s Website as optimal as possible to always provide the most recent and
24:                   for information disclosure.                                                                         accurate information for the Public. Apart from the website, Bank Mandiri also utilizes technology and other
                                                                                                                          social media applications such as SMS Banking, Mobile Banking, Instagram, Facebook and Twitter for information
                           The use of information technology can be useful as a medium for information disclosure.        disclosure media.
Explanation:               The disclosure of information is not only information disclosure that has been regulated
                           in legislation, but also other information related to the Public Company, which upon           Remark: Comply
                           consideration is deemed useful to shareholders or investors. Upon the use wider of
                           information technology than the Website, the company is expected to improve the
                           effectiveness of information dissemination. Nevertheless, the use of information technology
                           is carried out while taking into account the benefit and costs of the company.
E.1.2. Recommendation The Annual Report of Public Company disclose the ultimate benefit owner in Public                   Bank Mandiri has disclosed information regarding shareholders with 5% or more shareholding of the Company’s
25:                   Company share ownership at least 5% (five percent), other than final beneficial owner               shares in the 2024 Annual Report.
                      disclosures in ownership shares of the Public Company through main and controlling
Explanation:          shareholder.                                                                                        Remark: Comply

                           The Capital Market Regulation that regulates the submission of annual reports of Public
                           Company has regulated the obligation to Disclose information regarding shareholders
                           with 5% (five percent) or more shares of the Public Company, as well as the obligation
                           to disclose information about directly or indirectly main and controlling shareholders of
                           Public Company up to the owner of the last benefit in the ownership of the shares. In
                           this Governance Guideline, it is recommended to disclose the ultimate benefit owner of
                           the shares of the Public Company at least 5% (five percent), in addition to disclosing the
                           owner of the final benefit of share




PT BANK MANDIRI (PERSERO) TBK                             604                                                                                                                605                                      ANNUAL REPORT 2024
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IMPLEMENTATION OF CORPORATE GOVERNANCE ASPECTS                                                                              PRINCIPLES                      EXPLANATION                              IMPLEMENTATION IN BANK MANDIRI
AND PRINCIPLES BASED ON GUIDELINES OF CORPORATE                                                                          Principle 6     The Bank must have the qualified,                       Bank Mandiri performs the Risk Identification,
GOVERNANCE PRINCIPLES FOR BANKS PUBLISHED BY                                                                                             independent risk management function that               Measurement, Monitoring, Control and Risk
BASEL COMMITTEE IN BANKING SUPERVISION                                                                                   Risk Management has qualified resources with access to the              Management Information System through an
                                                                                                                         Function        Board of Commissioners.                                 Enterprise Risk Management (ERM) framework.
                                                                                                                                                                                                 Bank Mandiri continues to improve the capabilities
The Governance Guidelines cover 12 principles of corporate governance. The Governance Guidelines are                                                                                             and knowledge of all employees, especially in
the standard of best practices applied as a reference in implementing corporate governance in banks. The                                                                                         terms of risk management, by holding internal
                                                                                                                                                                                                 training regularly through the Risk Management
description of the application can be explained, as follows:
                                                                                                                                                                                                 Academy. In addition, Bank Mandiri also
                                                                                                                                                                                                 routinely holds at least once a year socialization,
                                                                                                                                                                                                 discussion forums, internships, and programs on risk
                                                                                                                                                                                                 management along with the internalization of the
   PRINCIPLES                     EXPLANATION                            IMPLEMENTATION IN BANK MANDIRI                                                                                          corporate culture. Bank Mandiri communicates
                                                                                                                                                                                                 risk management to the Board of Commissioners
Principle 1         The Board of Commissioners has the               In the Board of Commissioners ‘code of conduct,
                                                                                                                                                                                                 through the Risk Oversight Committee and the
                    responsibilities of amongst others approval      as outlined in the Board of Commissioners Decree
                                                                                                                                                                                                 Integrated Governance Committee.
Responsibilities    and supervisory on the implementation of         No. KEP.KOM/008/2023, it is stated that the
of the Board of     business strategy, structure and governance      responsibilities of the Board of Commissioners      Principle 7         Risks must be identified, monitored and             In managing Bank Mandiri’s Risk Management,
Commissioners       mechanism as well as the Corporate Culture       include providing opinions and approvals on the                         controlled for all activities of the Bank. The      bankwide identification, measurement and risk
                                                                     Work Plan and Annual Budget, as well as offering    Identification of   quality of risk management infrastructure and       assessment has been performed by periodically
                                                                     advice on matters deemed important by the           Risk Oversight      internal control must be able to keep up with       developing risk profiles. Risk measurement and
                                                                     Company, including corporate culture.               and Control         changes in the Bank’s risk profile, external risk   assessment has been able to work well according
                                                                                                                                             conditions and industry practice.                   to the established Risk Management Policy that is
Principle 2         Member of the Board of Commissioners must The Board of Commissioners of Bank Mandiri does
                                                                                                                                                                                                 adjusted to the level of risk faced by Bank Mandiri.
                    have the quality in accordance with duties not have a financial relationship, management,
Qualification       and responsibilities as both collegial and as share ownership and/ or family relations with          Principle 8         Effective risk governance implementation The Risk-Based Bank Rating (RBBR) assessment, both
and Composition     per individual The Board of Commissioners other members of the Board of Commissioners,                                   requires accurate risk communication individual and consolidated, is submitted every
of the Board of     shall understand the roles within the Directors and/or Controlling Shareholders or                   Risk                in the Bank environment both between semester to the Risk Management Committee
Commissioners       supervisory and implementation of corporate relations with the Bank, which may affect the            Communication       organizations and through reporting to the (RMC) and the Integrated Risk Committee (IRC).
                    governance, as well as KOM/014/2019 to ability to act independently as stipulated in the                                 Board of Commissioners and the Board of In addition, the results of the RBBR assessment are
                    conduct a sound and objective decision Implementation provisions Good Corporate                                          Directors.                                 reported to the Board of Commissioners through
                    process.                                      Governance for Commercial Banks and has signed                                                                        the Risk Monitoring Committee and the Integrated
                                                                  an Independent Statement.                                                                                             Governance Committee.
Principle 3         The Board of Commissioners must apply the        The Board of Commissioners has Committees           Principle 9         The Board of Commissioners is responsible           The Board of Commissioners ensures the
                    proper governance practice and structure         under the Board of Commissioners assisting with                         for overseeing management related to                implementation of good corporate governance in
Structure and       in performing their duties and to periodically   the implementation of the duties of the Board       Compliance          the Bank’s compliance risk. The Board               every business activity and corporate governance
Mechanism of        assess its effectiveness.                        of Commissioners, namely the Audit Committee,                           of Commissioners must determine the                 policies, including the implementation of
the Board of                                                         Risk Oversight Committee, Remuneration                                  compliance function and provide approval            compliance. The compliance risk assessment
Commissioners                                                        and Nomination Committee and Integrated                                 for policies and processes for identification,      in RBBR is reported periodically to the Board of
                                                                     Governance Committee.                                                   assessment, monitoring and reporting, and           Commissioners every 6 (six) months.
                                                                                                                                             providing advice on compliance risks.
Principle 4         Under the direction and supervision of           The Board of Directors manages the Company
                    the Board of Commissioners, the Board of         under the direction and supervision of the Board    Principle 10        The internal audit function must report             Conduct objective testing of evidence provide
The Board of        Directors manage the Bank’s activities in        of Commissioners, as evidenced by the company’s                         independent assurance activities to the             an independent assessment of the adequacy of
Directors           accordance with the business strategy, risk      business achievements that have increased           Internal Audit      Board of Commissioners and must support             internal control, risk management and governance
                    appetite, remuneration policy and other          from the previous year. All policies underlying                         the Board of Commissioners and the Board of         processes within the organization. Internal Audit is
                    policies that have been approved by the          the operations of Bank Mandiri must obtain the                          Directors in encouraging the implementation         directly responsible to the President Director and
                    Board of Commissioners.                          approval of the Board of Commissioners.                                 of effective governance processes and long-         communicates with the Board of Commissioners
                                                                                                                                             term soundness of the Bank.                         through the Audit Committee.
Principle 5         In a business group, the Board of                The Board of Directors and Board of Commissioners
                    Commissioners of the parent company              of Bank Mandiri have knowledge and                  Principle 11        The Bank’s remuneration structure must The current remuneration structure of Bank Mandiri
Governance          has overall responsibility on the business       understanding of the core business and key risks                        support the implementation of corporate is in accordance with POJK No. 45/POJK.03/2015
Structure of        group and to ensure the establishment            of Bank Mandiri, as well as the entities within     Compensation        governance and risk management.         on the implementation of Governance in the
Business Group      and implementation of clear governance           the Mandiri Group Financial Conglomerate, as                                                                    Provision of Remuneration for Commercial Banks.
                    practice related to the structure, business      evidenced by all members passing the Fit and
                                                                                                                         Principle 12        The implementation of governance from               Bank Mandiri constantly updates its website
                    and risks of business group and entities.        Proper Test. A clear governance structure and
                                                                                                                                             the Bank must be carried out transparently          www.bankmandiri.co.id to ensure the availability
                    The Board of Commissioners and the Board         mechanism have been established within the
                                                                                                                         Disclosure and      to Shareholders, Depositors, other relevant         of the most updated information for stakeholders.
                    of Directors must understand the business        Mandiri Group Financial Conglomerate.
                                                                                                                         Transparency        Stakeholders and Market Participants                Moreover, disclosure of Bank Mandiri information is
                    group organizational structure as well as the
                                                                                                                                                                                                 carried out through Annual Reports, Sustainability
                    encountered risk.
                                                                                                                                                                                                 Reports and Public Expose.




PT BANK MANDIRI (PERSERO) TBK                             606                                                                                                                     607                                            ANNUAL REPORT 2024
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CORPORATE GOVERNANCE                                                                                                                                                       CORPORATE GOVERNANCE STRUCTURE AND MECHANISM

STRUCTURE AND MECHANISM

                                                                                                                 Bank Mandiri Governance Structure
BANK MANDIRI GOVERNANCE FRAMEWORK
To ensure adherence to the highest standards of corporate governance, Bank Mandiri implements a governance
framework in line with the Law of the Republic of Indonesia, including Law No. 40 of 2007 on Limited Liability
Companies, as well as regulations from the Financial Services Authority (OJK). This governance framework             Transparency                     Accountability                Responsibility       Independence                         Fairness

encompasses three critical aspects: Governance Structure (and infrastructure), Governance Process, and
Governance Outcome. Each of these components plays a vital role in ensuring the Bank’s sustainability,                                                                            Major Organs
accountability, and overall effectiveness in delivering long-term value to its stakeholders.

Bank Mandiri’s governance structure, process, and outcomes reflect its commitment to sustainable business
                                                                                                                                                  Board of Commissioners                      GMS            Board of Directors
practices, regulatory compliance, and stakeholder engagement. Through continuous improvement of
its governance mechanisms, the Bank ensures long-term success and builds a foundation for ethical and
transparent growth, in line with the laws and regulations of the Republic of Indonesia.
                                                                                                                    Secretary of Board of                              Supporting Organ Checks & Balances                            Corporate Secretary
                                                                                                                      Commissioners
Governance Structure (and Infrastructure)

1. The Three Key Organs                                                                                                                                                          Risk Management
                                                                                                                                            Audit Committee                                                    Business Committee
   In accordance with Law No. 40/2007 on Limited Liability Companies, Bank Mandiri’s governance structure                                                                            Committee

   consists of three primary organs:

   a. General Meeting of Shareholders (GMS). The highest decision-making body, where shareholders                                      Remuneration &                                                         Capital & Subsidiaries
                                                                                                                                                                              Credit Policy Committee             Committee
      exercise their rights and approve major decisions such as the appointment of members of the Board                              Nomination Committee

      of Commissioners and Board of Directors, distribution of dividends, and amendments to the Articles
      of Association.
                                                                                                                                             Risk Oversight                                                   Human Capital Policy
                                                                                                                                                                                 Credit Committee
                                                                                                                                              Committee                                                          Committee
   b. Board of Commissioners. Responsible for overseeing the management of the company and providing
      advice to the Board of Directors. The Board of Commissioners operates independently and is supported by
      committees such as the Audit Committee, Risk Oversight Committee, and Nomination and Remuneration
                                                                                                                                                                               Information Technology
                                                                                                                                                                                                                  Integrated Risk
      Committee.                                                                                                                     Integrated Governance
                                                                                                                                                                                   & Digital Banking
                                                                                                                                           Committee                                                                Committee
                                                                                                                                                                                     Committee

   c. Board of Directors. Holds the executive function, responsible for managing the Bank’s day-to-day
      operations and ensuring alignment with the company’s strategic goals. The Board of Directors is
                                                                                                                                                                               Social & Environmental           Policy & Procedure
      supported by a comprehensive management infrastructure that ensures operational excellence                                                                              Responsibility Committee              Committee
      across all divisions.


                                                                                                                                                                                  Assets & Liabilities
                                                                                                                                                                                                                  Transformation
                                                                                                                                                                                   Management
                                                                                                                                                                                                                    Committee
                                                                                                                                                                                     Committee




PT BANK MANDIRI (PERSERO) TBK                         608                                                                                                                              609                                             ANNUAL REPORT 2024
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CORPORATE GOVERNANCE STRUCTURE AND MECHANISM                                                                                                                                                       CORPORATE GOVERNANCE STRUCTURE AND MECHANISM




2. Governance Infrastructure                                                                                                                             4. Guidelines for the Rules of Procedure of the Board     19. Operating Standard Procedures for Credit
   Bank Mandiri’s governance infrastructure includes:                                                                                                        of Directors, through Board of Directors Decree           Collection & Recovery Wholesale, updated and
   a. Bank Mandiri Policy Architecture. A structured hierarchy of policies and guidelines that define how                                                    No. KEP.DIR/040/2023 dated 23 October 2023.               approved on 15 July 2024.
      corporate governance principles are implemented throughout the Bank. This framework ensures                                                        5. Risk Management Policy, updated and approved           20. Operating Standard Procedures for Credit
      consistency, accountability, and regulatory compliance across all functions and business units.                                                        on 1 October 2024.                                        Collection & Recovery Retail, updated and
   b. Mandiri Group Principles Guideline. A guiding document for governance across the financial                                                         6. Guidelines for the Rules of Procedure of the               approved on 7 November 2024.
      conglomeration, ensuring uniformity in policy execution and best practices within the group.                                                           Board of Commissioners, through Board of              21. IT Operational Guidelines, updated and
   c. Committees and Supporting Bodies. Committees such as the Audit Committee, Risk Oversight Committee,                                                    Commissioners Decree No. KEP.KOM/008/2023                 approved on 12 June 2024.
      and Integrated Governance Committee ensure checks and balances at every level. These committees                                                        dated 30 November 2023.                               22. Internal Audit Standard Procedures, updated
      are crucial for maintaining transparency, managing risks, and aligning with regulatory requirements.                                               7. Integrated Governance Guidelines, updated                  and approved on 15 July 2024.
                                                                                                                                                             and approved by the Board of Commissioners            23. Human Resources Standard Procedures, updated
                                                                                                                                                             on 25 March 2024.                                         and approved on 19 January 2024.
                                                                               Mandiri Group                                                             8. Charter of the Integrated Governance                   24. Technical Operational Guidelines for Individual
                                                                           Principle Guidlines                                                               Committee, through Board of Commissioners                 and Integrated Governance Self-Assessment,
                                                                               “MGPG”
                                                                                                                                                             Decree No. KEP.KOM/009/2024 dated May 31,                 updated on 16 August 2024.
                                                                                                                                                             2024.                                                 25. Technical Operational Guidelines for Credit
                                                                                                                                                         9. Charter of the Audit Committee and Audit                   Collection and Recovery Wholesale, updated
                                                                                                                                                             Committee Code of Ethics, through Board of                and approved on 19 August 2024.
                                 Articles of Association                 Articles of Association                  Articles of Association                    Commissioners Decree No. KEP.KOM/006/2024
                                                                                                                                                             dated 31 May 2024.                                    GOVERNANCE PROCESS
                                                                                                                                                         10. Charter of the Risk Monitoring Committee,
                                                                                                                                                             through Board of Commissioners Decree No. KEP.        The governance process involves how decisions
   Corporate Governance




                                        Policy                                   Policy                                   Policy
                                                                                                                                                             KOM/007/2024 dated 31 May 2024.                       are made, how risks are managed, and how the
                                                                                                                                                         11. Charter of the Remuneration & Nomination              company’s objectives are achieved. Bank Mandiri
                                                                                                                                            Philosophy

                                                                                                                                                             Committee, through Board of Commissioners             follows a structured and transparent process to ensure
                                 Procedure Standard                       Procedure Standard                       Procedure Standard
                                                                                                                                                             Decree No. KEP.KOM/008/2024 dated 31 May              the integrity and accountability of its operations.
                                                                                                                                                             2024.                                                 1. Decision-Making Process
                                                  Guiding Principles for the Management of Mandiri Subsidiaries “MSMPG”                                  12. Operational Policy, updated and approved on                The decision-making process at Bank Mandiri
                                                                                                                                                             1 October 2024.                                            is governed by the fundamental principles of
                                                                                                                                                         13. Legal, Compliance, and Anti-Money Laundering               Corporate Governance, guided by various
                                 Technical Guidelines*                    Technical Guidelines*                   Technical Guidelines*                      Policy, Prevention of Terrorism Financing, and             prevailing laws and regulations. This ensures that:
                                                                                                                                                             Prevention of Proliferation of Weapons of Mass             a. General Meetings of Shareholders (GMS) are
                                                                                                                                                             Destruction Policy, updated and approved on                    conducted annually with clear agendas,
                                                                        Company Value Culture                                                                1 October 2024.                                                enabling shareholders to make informed
                                                                                                                                                         14. Risk Management Operating Standard                             decisions.
                                                                  Business Ethics and Code of Conducts                                                       Procedures, updated and approved on 6 June                 b. Board of Commissioners meetings are held
                                                                                                                                                             2024.                                                          regularly to evaluate the performance of
                                                                                                                                                         15. Corporate Secretary Standard Procedures,                       the Board of Directors and provide strategic
Bank Mandiri also has a governance soft structure that serves as the foundation for operational implementation,                                              updated and approved on 2 October 2024.                        direction.
based on the following regulations and policies:                                                                                                         16. Procurement Operating Standard Procedures,                 c. Board of Directors implements decisions and
1. Bank Mandiri’s Articles of Association, approved by the Minister of Law and Human Rights of the Republic of                                               updated and approved on 15 July 2024.                          oversees operational execution with detailed
   Indonesia through notification acceptance letter No. AHU-AH.01.03-0085149 and decree No. AHU-0022201.                                                 17. Standard Procedures for Work Plan and Budget                   reporting to the Board of Commissioners.
   AH.01.02 Year 2024, both dated April 5, 2024, and registered in the Company Register No. AHU-0072626.                                                     (RKAP), Bank Business Plan (RBB), and Corporate       2. Risk Management
   AH.01.11 Year 2024 on April 5, 2024.                                                                                                                      Plan, updated and approved on 4 September                  A cornerstone of the governance process at Bank
2. Bank Mandiri’s Policy Architecture, updated and approved on 19 August 2021.                                                                               2024.                                                      Mandiri is a robust risk management system. The
3. Mandiri Subsidiaries Management Principles Guideline (MSMPG), updated and approved on 3 July 2024.                                                    18. Accounting Standard Procedures, updated and                Risk Oversight Committee plays a key role in:
                                                                                                                                                             approved on 12 June 2024.




PT BANK MANDIRI (PERSERO) TBK                                                       610                                                                                                                      611                                       ANNUAL REPORT 2024
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CORPORATE GOVERNANCE STRUCTURE AND MECHANISM                                                                                                                        CORPORATE GOVERNANCE STRUCTURE AND MECHANISM




   a. Identifying and mitigating risks across all levels        c. Regular communication with stakeholders,                MECHANISMS OF CORPORATE GOVERNANCE
       of the Bank’s operations.                                    ensuring alignment of interests and clear
   b. Ensuring compliance with OJK regulations                      understanding of the Bank’s strategic                  Corporate governance mechanism is a process to implement governance principles supported by the
       on risk management for financial institutions.               direction.                                             adequacy of bank governance structure and infrastructure, producing outcomes compatible with the
   c. Monitoring credit, operational, market, and            3. Social Responsibility and ESG                              stakeholders’ expectation. The process to implement corporate governance is inherent to the structure of
       liquidity risks to safeguard the Bank’s financial        Bank Mandiri’s governance structure also supports          corporate governance as follows.
       stability.                                               the Bank’s commitment to Environmental, Social,
3. Policy Implementation and Compliance                         and Governance (ESG) goals. The Bank has                   Shareholders
   Bank Mandiri employs a comprehensive                         implemented policies and initiatives aligned with
   compliance function that ensures adherence                   sustainability and community empowerment,                  Shareholder is an individual or a legal entity who lawfully owns one or more share in a Company. Shareholders
   to OJK regulations, Bank Indonesia policies, Anti-           contributing to the broader Sustainable                    are owners of the Company. Company’s Share is a share on behalf of and is issued by the owners who are
   Money Laundering (AML) rules, and Know Your                  Development Goals (SDGs):                                  registered in the List of Shareholders and which consist of:
   Customer (KYC) guidelines. The Compliance Unit               a. Focus on responsible lending to sectors                 1. Series A Dwiwarna Share that may only be owned by the Republic of Indonesia.
   works closely with all business units to ensure the              aligned with sustainability objectives.                2. Series B Share that may be owned by the Republic of Indonesia and/or the Citizens.
   Bank operates within the legal and regulatory                b. Implementation of environmental sustainability
   frameworks.                                                      initiatives within its operations, such as             Rights of the Shareholders
                                                                    reducing carbon emissions and promoting
GOVERNANCE OUTCOME                                                  energy efficiency.                                     As a State-Owned Enterprises (SOE), the majority ownership of Bank Mandiri is owned by the Government
                                                                c. A c t i v e e n g a g e m e n t i n c o m m u n i t y   of the Republic of Indonesia, which in this case is represented by the Ministry of SOE. As such, the Main and
The ultimate goal of Bank Mandiri’s governance                      development programs, reinforcing its social           Controlling Shareholder of Bank Mandiri is the Government of the Republic of Indonesia. There are no Main
framework is to ensure sustainable and ethical                      responsibility role.                                   and Controlling Shareholders indirectly, up to individual owners. In addition, there are no Shareholders who
business practices that lead to long-term value              4. Long-Term Value Creation                                   act on behalf of other Shareholders.
creation for all stakeholders. The governance                   Through strong corporate governance, Bank
outcomes can be categorized into several key areas:             Mandiri has positioned itself as a trusted
                                                                financial institution that delivers consistent value
1. Financial Performance and Sustainability                     to shareholders while balancing the needs
   By maintaining a strong governance structure and             of customers, employees, and the broader
   process, Bank Mandiri has consistently delivered             community. The governance framework enables:
   robust financial results, demonstrated by:                   a. Strategic decision-making that prioritizes long-
   a. Sustainable growth in revenue and profitability,              term goals over short-term gains.
                                                                                                                                         52%
                                                                                                                                       Pemerintah
       as reflected in its annual financial reports.            b. Resilience to external challenges, such as                   Republik Indonesia
                                                                                                                                                                                                  PT Bank Mandiri (Persero) Tbk
   b. Effective cost management and operational                     economic downturns or regulatory changes,
       efficiency, leading to enhanced shareholder                  by maintaining a well-managed risk profile.
       value.
2. Accountability and Transparency                           With a comprehensive governance framework, Bank
   Through adherence to corporate governance                 Mandiri remains committed to sustainable business
   principles and regulatory requirements, Bank              practices, long-term growth, and compliance with
   Mandiri promotes transparency in all its financial        the laws and regulations in Indonesia.
   disclosures and reporting. This is evident through:                                                                     At the time of establishment, the state equity investment by the Republic of Indonesia to Bank Mandiri was
   a. Clear and timely reporting to shareholders                                                                           undertaken based on Government Regulation No. 75 of 1998 on State Equity Investment of the Republic of
       during the GMS.                                                                                                     Indonesia for the Establishment of Limited Liability Company in Banking Field dated 1 October 1998.
   b. Publication of audited financial statements
       that provide a comprehensive view of the                                                                            The equity investment was undertaken by altering state held shares to the ex-legacies of Bank Mandiri: Bank
       Bank’s performance.                                                                                                 Bumi Daya, Bank Dagang Negara, Bank Ekspor Impor Indonesia and Bank Pembangunan Indonesia.




PT BANK MANDIRI (PERSERO) TBK                              612                                                                                                                613                                        ANNUAL REPORT 2024
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CORPORATE GOVERNANCE STRUCTURE AND MECHANISM                                                                                                                      CORPORATE GOVERNANCE STRUCTURE AND MECHANISM




As the majority shareholder, the Government of the           Rights of General Shareholders                           Responsibilities of Shareholders                            Policy of Relationship with Shareholders
Republic of Indonesia currently holds 52% of the
shares, or 48,533,333,334 shares, in which one Series        Bank Mandiri Shareholders, both Holders of Series        In addition to the rights and authorities, Bank Mandiri     As a Public Company, Bank Mandiri strives to provide
A Dwiwarna share is among all the shares. Series A           A Dwiwarna Share and Holders of Series B Share,          Shareholders as the capital owners also have                accurate, periodic, and up-to-date information to
Dwiwarna shareholder is entitled to the following            have the same right in addition to the Special Right     responsibilities that must be fulfilled to the Company.     Shareholders. Currently, communication activity to
privileges that other shareholders do not hold:              of Series A Dwiwarna Share above and as long as                                                                      the Shareholders in Bank Mandiri is managed by
                                                             not regulated otherwise by the Company’s Articles                                                                    the Corporate Secretary and Investor Relations.
1. Right to approve the following matters in GMS:            of Association, as follows:                              Controlling Shareholders                                    Pursuant to Article 5 of POJK No. 35/POJK.04/2014
   a. Approving the Amendment to the Company’s               1. The right to attend, express opinions, and vote in                                                                concerning the Corporate Secretary of Issuers or
       Articles of Association.                                  a GMS based on one share.                            Their responsibilities are as follows:                      Public Companies, one of the functions of Corporate
   b. Approving capital change.                              2. Each Shareholder has the right of 1 (one) vote/       1. Controlling shareholders must be able to:                Secretary is as a liaison between the Company and
   c. Approving the appointment and dismissal of                 share (one share one vote)                              a. Consider the interests of minority shareholders       shareholders, OJK, and other stakeholders. The
       members of the Board of Directors and Board           3. Obtain an explanation of the voting procedure                 and stakeholders pursuant to the applicable         internal policy regulating the relationship between
       of Commissioners.                                         before the GMS begins.                                       conditions and laws and regulations;                Bank Mandiri and Shareholders is the Policy and
   d. Approval of merger, consolidation, acquisition,        4. The voting mechanism is done by the polling              b. In the event of alleged violation to the              Standard Operating Procedure of Corporate
       segregation, dissolution of the Company.                  method.                                                      laws and regulations or as requested by             Secretary which, among others, regulates the
   e. Approving the remuneration of the Board of             5. Opportunity to propose an agenda in GMS.                      relevant authority, names of shareholders           Corporate Communication Activity.
       Directors or Board of Commissioners.                  6. Opportunity to grant authority to another party               and ultimate shareholders shall be disclosed
   f. Approving asset transfer and assurance which               if a shareholder is unable to attend the GMS.                to law enforcement authorities regarding            Equal Treatment to Shareholders
       requires GMS approval as per the Articles of          7. Reveal practices to encourage involvement of                  the ultimate controlling shareholders, or as
       Association.                                              Shareholders outside the GMS                                 requested by relevant authority.                    Pursuant to the regulations of the Capital Market,
   g. Approving the investment and reduction to              8. To propose questions in every agenda discussion       2. As for controlling shareholders with shares in           Bank Mandiri upholds equality principles for all
       the percentage of capital investment at other             and every decision of GMS agenda.                       several public companies, they have to be open           shareholders (majority or minority). This commitment
       company which requires GMS approval as                9. Opportunity to vote as agree, disagree, or abstain       with regard to accountability and relationship           is reflected in the internal regulations as stated in
       per the Articles of Association.                          in every proposal of decision of GMS agenda.            between public companies.                                the Bank Mandiri Operations Policy and Standard
   h. Approving the utilization of profit.                   10. Right to obtain information regarding the                                                                        Operating of Bank Mandiri Corporate Secretary that
   i. Approving the non-operational investment                   company in manners that are on time, correct,        All Shareholders                                            are periodically reviewed, regulating equal rights for
       and long-term funding which requires GMS                  and regular, except for matters that are                                                                         all shareholders to attain information transparency
       approval as per the Articles of Association               confidential.                                        The shareholders’ responsibilities are as follows:          from Bank Mandiri, such as information on the
2. Right to propose GMS agenda.                              11. Right to obtain part of the Company’s profit         1. Distinguishing the ownership of the property of          company performance, financial information, and
3. Right to request and access company data and                  that is allocated for Shareholder in the form of        public company and personal property.                    other information required by all shareholders.
   documents.                                                    dividend and another distribution of profit, which   2. Distinguishing their functions as shareholders and
4. Right to propose candidates of Board of                       is proportional to the number of owned shares.          members of Board of Commissioners or Board of            Equal treatment to shareholders is also reflected in
   Directors members and candidates of Board of              12. Right to obtain comprehensive description and           Directors in the event that shareholders serve in        the implementation of the Company GMS. Each
   Commissioners members.                                        accurate information regarding procedure                one of those organs.                                     shareholder is entitled to propose the GMS agenda
                                                                 that needs to be executed in relation to the         3. Shareholders who have particular interests are           to the Company.
In addition to the above privileges, certain actions of          implementation of GMS.                                  not allowed to vote.
the Board of Directors with certain criteria must obtain                                                              4. Minority shareholders are responsible to exercise
written approval from the Board of Commissioners                                                                         their rights effectively pursuant to the Articles of
and Series Shareholders A Dwiwarna as stipulated in                                                                      Association of the Company as well as the laws
Article 12 paragraph (7) and parapgraph (8) Bank                                                                         and regulations.
Mandiri’s Articles of Association.




PT BANK MANDIRI (PERSERO) TBK                              614                                                                                                              615                                      ANNUAL REPORT 2024
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        CORPORATE GOVERNANCE




GENERAL MEETING OF                                                                                                               GENERAL MEETING OF SHAREHOLDERS

SHAREHOLDERS

                                                             The GMS serves as a platform for shareholders to             director or commissioner appointments. On the
                                                             exercise their rights, express opinions, and obtain          other hand, the EGMS can be convened at any
                                                             information related to the Company, provided it              time, as needed, to address urgent or extraordinary
The General Meeting of Shareholders (GMS) is the highest     pertains to the meeting agenda and aligns with               matters that arise outside the scope of the AGMS. This
                                                             the Company’s Articles of Association and legal              flexibility ensures that the Bank can respond swiftly to
decision-making body in Bank Mandiri’s corporate             provisions. It is also the forum where shareholders          significant issues that require shareholder approval,
governance structure. It serves as the primary forum         make key decisions regarding their capital                   such as mergers, acquisitions, or capital restructuring.

where shareholders exercise their rights and make key        investments in the Company. Additionally, the GMS
                                                             functions as an accountability platform where the            Prior to the meeting, shareholders are given sufficient
decisions regarding the direction of the company. These      Board of Directors and Board of Commissioners report         notice and detailed agendas to ensure that they are
decisions include critical aspects such as the appointment   on their stewardship and performance over the past           well-informed and able to participate effectively.
                                                             financial year.                                              Voting during the GMS is conducted transparently,
or dismissal of members of the Board of Commissioners                                                                     with decisions typically made through a deliberative
and Board of Directors, approval of financial statements,    The GMS operates in accordance with the principles           process. In cases where consensus cannot be

distribution of dividends, and amendments to the             of transparency, accountability, and fairness,
                                                             ensuring that all shareholders are provided with
                                                                                                                          reached, a voting mechanism is used, and results
                                                                                                                          are publicly disclosed, ensuring the process aligns
Company’s Articles of Association. The GMS ensures that      equal access to information and decision-making              with good governance practices and regulatory
shareholders have a direct influence on strategic and        processes.                                                   requirements, including those set by the OJK.

operational matters that impact the Bank’s future.           Legal Basis of GMS Implementation
                                                                                                                          In addition to the implementation of the GMS as
                                                             Implementation of GMS in Bank Mandiri refers to the          referred to in OJK Regulations regarding the plan and
                                                             following regulations:                                       implementation of the GMS of Public Companies,
                                                             1. Law No. 40 of 2007 concerning Limited Liability           the Company can conduct the GMS electronically
                                                                 Company.                                                 in accordance with the laws and regulations in the
                                                             2. POJK No. 15/POJK.04/2020 concerning the Plan              Capital Market.
                                                                 and Implementation of General Meeting of
                                                                 Shareholders of a Public Company.                        Pursuant to Article 20 of the Articles of Association,
                                                             3. POJK OJK No. 16/POJK.04/2020 concerning the               the Company may conduct the GMS electronically
                                                                 Electronic Implementation of General Meeting             (hereinafter referred to as “e-GMS”) by using the
                                                                 of Shareholders of a Public Company.                     e-GMS provided by:
                                                                                                                          1. Depository and Settlement Institution appointed
                                                             The Company’s GMS                                               by regulators in Capital Market;
                                                                                                                          2. Provider of e-GMS, namely the party that provides
                                                             The GMS consists of an Annual GMS (AGMS) and                    and manages the e-GMS; or
                                                             Extraordinary GMS (EGMS). AGMS must be held                  3. Company; as specifically stipulated in the Capital
                                                             no later than the 6 (six) months after the closing              Market regulations.
                                                             of the Company’s financial year, while EGMS can
                                                             be held at any time as required with due regard              The GMS Authorities
                                                             to the legislation and articles of association of the
                                                             Company.                                                     The GMS has authorities stipulated by law, including:
                                                                                                                          1. Appoint and discharge members of the Board
                                                             The AGMS is held once a year and focuses on                     of Commissioners and/or the Board of Directors;
                                                             reviewing the Company’s performance over the past            2. Determine remuneration for the Board of
                                                             fiscal year, approving financial results, and addressing        Commissioners and the Board of Directors;
                                                             routine matters such as dividend distribution and




PT BANK MANDIRI (PERSERO) TBK   616                                                                                 617                                       ANNUAL REPORT 2024
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GENERAL MEETING OF SHAREHOLDERS                                                                                                                                                       GENERAL MEETING OF SHAREHOLDERS




3. Evaluate performance of the Board of                    2. Shareholders who are entitled to attend the GMS      Quorum Provision                                            3. In the event that attendance rate of the second
   Commissioners and the Board of Directors;                  are shareholders whose names are recorded in                                                                        GMS as specified is not achieved, the third GMS
4. Ratify amendments to the Articles of Association.          the Company’s Register of Shareholders 1 (one)       The quorum provisions regarding the attendance                 can be held under the condition that it is valid
5. Approve the annual report;                                 working day prior to the GMS invitations.            and resolutions of GMS, in relation to matters that            and is entitled to make decisions when attended
6. Determine allocations of profits including dividend     3. In the event of the second GMS and third GMS,        must be resolved, were executed as follows:                    by shareholders of shares with valid voting rights,
   distribution to shareholders;                              the provisions for shareholders who are entitled                                                                    within a presence quorum and requirement to
7. Appoint public accountant;                                 to attend are as follows:                            1. The meeting is attended by shareholders who                 make decision that are determined by Financial
8. Approve corporate actions in relation to the               a. for the second GMS, the shareholders who are         represent more than 1/2 (one half) of the entire            Services Authority at the Company’s request.
   Company’s stewardship.                                         entitled to attend are shareholders registered      shares with valid voting rights, and resolutions are
                                                                  in the Company’s Register of Shareholders 1         valid when agreed by more than 1/2 (one half)            Decision Making Mechanisms
The GMS resolutions are made based on the                         (one) working day before the invitations of         of the entire number of shares with voting rights
Company’s long-term business interests. GMS and/                  the second GMS; and                                 which were present in the Meeting, unless the Law        The decision-making mechanism in the meeting is
or shareholders cannot intervene the implementation           b. for the third GMS, the shareholders who are          and/or Articles of Association of the Company            conducted by deliberation to reach consensus. But
of duties, functions and authorities of the Board                 entitled to attend are shareholders registered      determines a higher quorum.                              if deliberation for consensus was not reached, then
of Commissioners and The Board of Directors                       in the Company’s Register of Shareholders 1      2. In the event that presence quorum as specified           the decision making in the Meeting was conducted
notwithstanding GMS authorities in accordance                     (one) working day prior to the invitations of       is not achieved, the second GMS is valid and             in a way voting. Voting is carried out verbally with
with the Articles of Association as well as laws and              the third GMS.                                      is entitled to make binding resolutions when             shareholders who vote disagree or abstain being
regulations.                                               4. In the event of a recall, the shareholders who          attended by shareholders who represent                   asked to submit the sound card. Voting is conducted
                                                              are entitled to attend the GMS are shareholders         minimum 1/3 (one third) of the entire shares             transparently, except for the agenda of the change
Rights of Shareholders in the GMS                             whose names are recorded in the Company’s               with valid voting rights, and resolutions are valid      of management that is carried out by closed voting.
                                                              Register of Shareholders 1 (one) working day prior      when agreed by more than 1/2 (one half) of
Pursuant to the Company’s Articles of Association,            to the GMS recall.                                      the entire number of shares with voting rights
the following are the shareholders’ rights in the GMS:     5. In the event that the invitations correction does       which were present in the Meeting, unless the Law
1. Shareholders, either alone or represented based            not result in a recall, the shareholders who            and/or Articles of Association of the Company
   on a proxy, are entitled to attend the GMS.                are entitled to attend follow the shareholder           determines a higher quorum.
                                                              provisions as referred to in letter b above.

                                                                                                                   THE 2024 ANNUAL GMS AND ITS REALIZATION
                                                                                                                   In 2024, Bank Mandiri held the Annual General Meeting of Shareholders (GMS) on 7 March 2024 at the
                                    Process of GMS Implementation and Voting                                       Auditorium of Plaza Mandiri, Jakarta.

                                                                                                                   The stages of the 2024 GMS are illustrated in the following table.
                                                                                                                                                 Implementation
                                                                                                                    No.         Activities                                                    Information
                                                                                                                                                      Date
                                                                                                                   1      Notification of GMS    17 January 2024     Submitted to OJK through a letter signed by the Board of
                                                                                                                          to OJK                                     Directors of Bank Mandiri No. CEO/10/2024 dated 17 January
                                                                                                                                                                     2024 regarding the Implementation of the Annual General
                                                                                                                                                                     Meeting of Shareholders of PT Bank Mandiri (Persero) Tbk for the
                                                                                                                                                                     2024 Financial Year.

  Notification to         GMS                GMS               Submission of   Announcement           GMS          2      Announcement of     29 January 2024        Conducted through information disclosure on:
        OJK           Announcement         Invitation          GMS Minutes      of GMS Result    Implementation           GMS to Shareholders                        Bank Mandiri Website.
                                                                                                                                                                     Indonesia Stock Exchange Website.
                                                                                                                                                                     Website of PT Kustodian Sentral Efek Indonesia
                                                                                                                                                                     The proof of GMS announcement has been reported by the
                                                                                                                                                                     Company to the OJK and the Indonesia Stock Exchange on
                                                                                                                                                                     the same day through Letter No. HBK.CSC/CMA.339/2024
                                                                                                                                                                     dated 29 January 2024.




PT BANK MANDIRI (PERSERO) TBK                            618                                                                                                             619                                      ANNUAL REPORT 2024
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GENERAL MEETING OF SHAREHOLDERS                                                                                                                                                                    GENERAL MEETING OF SHAREHOLDERS




                                Implementation                                                                                                             Implementation
 No.         Activities                                                      Information                                 No.           Activities                                                            Information
                                     Date                                                                                                                       Date
3      GMS Invitation to        13 February 2024   Conducted through information disclosure on:                         6         Submission of GSM        13 March 2024        The submission of minutes of the GMS to OJK has given due
       Shareholders                                Bank Mandiri Website.                                                          Minutes                                       observance to the time limit in accordance with the provisions
                                                   Indonesia Stock Exchange Website.                                                                                            of POJK No. 15/POJK.04/2020 and submitted through Letter No.
                                                   Website of PT Kustodian Sentral Efek Indonesia                                                                               HBK.CSC/CMA.867/2024 dated 13 March 2024 and uploaded
                                                                                                                                                                                to the Bank Mandiri website on the same day.
                                                   The proof of GMS invitation has been reported by the
                                                   Company to the OJK and the Indonesia Stock Exchange on
                                                   the same day through Letter No. HBK.CSC/CMA.536/2024                 Attendance Recapitulation at 2024 Annual GMS
                                                   dated 13 February 2024.
4      Implementation of        7 March 2024       The meeting was chaired by Mr. M. Chatib Basri, as the               The 2024 Annual GMS was attended by all the Board of Commissioners, Directors and Audit Committee of
       GMS                                         President Commissioner/Independent, appointed based on the           Bank Mandiri, with detailed as follows:
                                                   Resolution of the Company's Board of Commissioners Meeting
                                                   dated January 11, 2024, in accordance with the Minutes of
                                                   the Board of Commissioners Meeting No. DK.INT/001/2024, and          Table of Recapitulation of Attendance at the 2024 Annual GMS
                                                   attended by members of the Board of Commissioners and
                                                   Board of Directors of the Company.
                                                                                                                            No.                     Name                                          Position                      Attendance
                                                   The GMS was attended by 11 members of the Board of
                                                   Commissioners and 11 members of the Board of Directors.                  Board of Commissioners
                                                   Shareholders and their proxies, both physically present and          1                                                  President Commissioner/Independent
                                                                                                                                   M. Chatib Basri                                                                                    √
                                                   attending electronically via the Electronic General Meeting
                                                   System of Kustodian Sentral Efek Indonesia (hereinafter referred     2          Zainudin Amali                          Independent Commissioner                                   √
                                                   to as "eASY.KSEI"), representing a total of 84,588,674,095 shares,
                                                   including series A Dwiwarna shares, or 90.6307223% of the total      3          Loeke Larasati Agoestina                Independent Commissioner                                   √
                                                   valid voting shares issued by the Company as of the day of the
                                                   Meeting, totaling 93,333,333,332 shares, consisting of:              4          Muliadi Rahardja                        Independent Commissioner                                   √
                                                   • 1 series A Dwiwarna share; and
                                                                                                                        5          Heru Kristiyana                         Independent Commissioner                                   √
                                                   • 93,333,333,331 series B shares;
                                                   with reference to the Company's Shareholder Register as of           6                                                  Commissioner
                                                                                                                                   Rionald Silaban                                                                                    √
                                                   February 12, 2024, until 16:00 Western Indonesia Time.
                                                   The Company provides GMS Rules of Conduct to all                     7          Faried Utomo                            Commissioner                                               √
                                                   shareholders in the form of soft copies, both at the time of the
                                                                                                                        8          Arif Budimanta                          Commissioner                                               √
                                                   Invitations uploaded on the Company’s website and during
                                                   the GMS implementation which is available through barcode            9          Muhammad Yusuf Ateh                     Commissioner                                               √
                                                   scans and the procedures are read before the start of the
                                                   GMS.                                                                 10         Andrinof A. Chaniago                    Vice President Commissioner/Independent                    √
                                                   Shareholders are given the opportunity to ask questions in           11                                                 Commissioner
                                                                                                                                   Nawal Nely                                                                                         √
                                                   accordance with the agenda of the Meeting in each agenda
                                                   discussed in the Annual GMS.                                          Board of Directors
                                                   Voting is conducted orally where the shareholder who casts
                                                                                                                        1          Darmawan Junaidi                        President Director                                         √
                                                   a vote of disapproval or abstains is asked to submit his or
                                                   her ballot card. Especially for meetings involving a particular
                                                                                                                        2          Alexandra Askandar                      Vice President Director                                    √
                                                   person, voting is conducted by an unsigned closed letter and
                                                   all shareholders present submit the ballot card.                     3                                                  Director of Compliance and HR
                                                                                                                                   Agus Dwi Handaya                                                                                   √
5      Announcement of          13 March 2024      The results of the GMS have been announced and uploaded
       GMS Results                                 on:                                                                  4          Riduan                                  Director of Commercial Banking                             √
                                                   • Bank Mandiri Website                                               5                                                  Director of Network and Retail Banking
                                                                                                                                   Aquarius Rudianto                                                                                  √
                                                   • Indonesia Stock Exchange Website
                                                   • Website of PT Kustodian Sentral Efek Indonesia                     6          Toni E.B. Subari                        Director of Operation                                      √
                                                   in Indonesian and English.
                                                                                                                        7          Rohan Hafas                             Director of Institutional Relations                        √
                                                   The proof of GMS Result Announcement has been reported by
                                                   the Company to the OJK and the Indonesia Stock Exchange              8          Sigit Prastowo                          Director of Finance and Strategy                           √
                                                   on the same day through Letter No. HBK.CSC/CMA.867/2024
                                                   dated 13 March 2024 and has been reported through the
                                                   Electronic Reporting System of OJK and the Indonesia Stock
                                                   Exchange.




PT BANK MANDIRI (PERSERO) TBK                            620                                                                                                                        621                                     ANNUAL REPORT 2024
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GENERAL MEETING OF SHAREHOLDERS                                                                                                                                                    GENERAL MEETING OF SHAREHOLDERS




                                                                                                                 Plan and Implementation of the General Meeting of Shareholders of Public Companies (“POJK No. 15/2020”)
    No.                  Name                                   Position                       Attendance
                                                                                                                 with due observance of Article 28 POJK No.15/2020. In the event that deliberation to reach a consensus is not
9          Timothy Utama                   Director of Information Technology                        √           reached, the resolution shall be taken by voting, accordingly. The voting mechanism was performed openly
10         Eka Fitria                      Director of Treasury and International Banking            √           and counted from the votes validly cast on the Meeting and through eASY.KSEI, except for the Eighth Agenda
                                                                                                                 of the Meeting, in which the voting was performed with the unsigned folded ballots. The Fifth Agenda of the
11         Susana Indah Kris Indriati      Director of Corporate Banking                             √
                                                                                                                 Meeting is reporting in nature, so it does not require shareholders’ approval at the Meeting.

                                                                                                                 Independent Party for Voting Count

          Meeting Agenda                                                                                         The Company has appointed an independent party, i.e. Notary Utiek R. Abdurachman SH., MLI., MKn and
                                                                                                                 PT Datindo Entrycom as Securities Administration Bureau for performing the votes count and/or validation.

                                                                                                                 Meeting Resolutions
The Meeting was held with the following Agenda:           Questions & Answers Session
                                                                                                                 The implementation of the Meeting and resolutions of each Meeting Agenda have been stated in the deed
1. Approval of the Annual Report and Ratification         In each Agenda of the Meeting, an opportunity          of “Minutes of the Annual General Meeting of Shareholders of the LIMITED LIABILITY COMPANY (PERSERO)
   of the Company’s Consolidated Financial                was given to the shareholders and proxies of the       PT BANK MANDIRI Tbk or abbreviation of PT BANK MANDIRI (PERSERO) Tbk” dated March 7, 2024 number 03,
   Statements, Approval of the Board of                   shareholders of the Company who were physically        the minutes of which is drawn up before the Notary Utiek R. Abdurachman SH., MLI., MKn, that principally
   Commissioners’ Supervisory Tasks Report and            or electronically present to raise questions and/or    resolved the followings:
   Ratification of the Financial Statements of the        opinions. In the First Agenda of the Meeting, Seri A
   Micro and Small Business Funding Program (PUMK)        Dwiwarna shareholder through its proxy provided        RESOLUTIONS OF THE 2024 ANNUAL GMS
   for 2023 Financial Year, as well as the granting       responses which was submitted directly, and there
   of full release and discharge (volledig acquit         was 1 (one) questioner and 1 (one) response/
   et de charge) to the Board of Directors for the        input. Furthermore, in the Second Agenda of the        AGENDA 1
   management tasks of the Company and the                Meeting, there was 1 (one) questioner but because      Approval of the Annual Report and Ratification of the Company's Consolidated Financial Statements,
   Board of Commissioners for the supervisory tasks       the question was irrelevant to the Second Agenda       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 2023 Financial Year, as well
   of the Company that have been dedicated by             of the Meeting, the question was not read out. In
                                                                                                                 as the granting of full release and discharge (volledig acquit et de charge) to the Board of Directors
   them during the 2023 Financial Year.                   the Third Agenda of the Meeting, there was 1 (one)
                                                                                                                 for the management tasks of the Company and the Board of Commissioners for the supervisory tasks
2. Approval for the Use of the Company’s Net Profits      questioner but because the question was irrelevant
                                                                                                                 of the Company that have been dedicated by them during the 2023 Financial Year.
   for the 2023 Financial Year.                           to the Third Agenda of the Meeting, the question
3. Determination of Remuneration (salary/                 was not read out and there was 1 (one) response/        In the First Agenda of Meeting:
   honorarium, facilities, and benefits) Year of          input. In the Fourth, Seventh and Eighth Agenda         Results of the votes count were as follows:
   2024 and Tantiem (Bonus) of the 2023 Financial         of the Meeting, there were no shareholders and
   Year for the Board of Directors and the Board of       proxy of shareholders who raised questions and/or                                                                                                  Affirmative
   Commissioners of the Company.                          opinions. For the Fifth Agenda of the Meeting, there               Results                   Dissenting                Abstained             (Including one Series A
4. Determination of Public Accountant (AP) and/           was no question-and-answer session because it was                                                                                               Dwiwarna Share)
   or Public Accounting Firms (KAP) to audit the          only a report.                                             Number of Shares                           145,647,328              708,197,752               83,734,829,015
   Company’s Consolidated Financial Statements                                                                       Percentage                                 0.1721830%               0.8372253%                  98.9905917%
   and Financial Statements of the Micro and Small        Resolutions-Making Mechanism
                                                                                                                 In accordance with the provisions of the Meeting Rules that shareholders who do not vote (abstain) are considered
   Business Funding Program (PUMK) for the 2024
                                                                                                                 to have cast the same votes as the majority votes of shareholders who cast votes.
   Financial Year.                                        The resolutions-making mechanism in the Meeting
5. Reporting on the realization of the use of             was performed by deliberation to reach a consensus     Therefore:
                                                                                                                 The Meeting with majority votes namely 84,443,026,767 shares or constitute of 99.8278170% of the total votes cast
   proceeds from the Shelf Public Offering of Shelf       in accordance with Article 40 of Financial Services
                                                                                                                 in the Meeting have resolved:
   Green Bonds I Tranche I of Bank Mandiri of 2023.       Authority/ Otoritas Jasa Keuangan (“OJK”)
6. Approval of the update of the Company’s                Regulation No. 15/04.POJK/2020 concerning the
   Recovery Plan.
7. Approval of Amendments to the Company’s
   Articles of Association.
8. Changes in the Composition of the Company’s
   Board of Management.



PT BANK MANDIRI (PERSERO) TBK                          622                                                                                                              623                                    ANNUAL REPORT 2024
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GENERAL MEETING OF SHAREHOLDERS                                                                                                                                                                 GENERAL MEETING OF SHAREHOLDERS




                                                                                                                         AGENDA 2
AGENDA 1
                                                                                                                         Approval for the Use of the Company's Net Profits for the 2023 Financial Year.
Approval of the Annual Report and Ratification of the Company's Consolidated Financial Statements,
Approval of the Board of Commissioners' Supervisory Tasks Report and Ratification of the Financial
                                                                                                                         In accordance with the provisions of the Meeting Rules, shareholders who do not vote (abstain) are considered
Statements of the Micro and Small Business Funding Program (PUMK) for 2023 Financial Year, as well
                                                                                                                         to have cast the same votes as the majority votes of shareholders who cast votes.
as the granting of full release and discharge (volledig acquit et de charge) to the Board of Directors
for the management tasks of the Company and the Board of Commissioners for the supervisory tasks                         Therefore:
of the Company that have been dedicated by them during the 2023 Financial Year.                                          The Meeting with majority votes namely 84,499,809,693 shares or constitute of 99.8949453% of the total votes cast
                                                                                                                         in the Meeting have resolved:
1. Approving the Company's Annual Report including the Board of Commissioners' Report on the Implementation              Approving the use of the Company’s Consolidated Net Profit attributed to the owner of the parent entity for 2023
   of the Company's Supervisory Tasks for the financial year ended on December 31, 2023.                                 Financial Year amounting to IDR55,060,057,307,434.00 (fifty-five trillion sixty billion fifty-seven million three hundred
2. Ratifying:                                                                                                            seven thousand four hundred thirty-four Rupiah) as follows:
   a. The Company's Consolidated Financial Statements for the financial year ended on December 31, 2023 audited
       by the Public Accounting Firm Rintis, Jumadi, Rianto & Rekan (formerly Tanudiredja, Wibisana, Rintis & Rekan (a   1. 60% or a total of IDR33,036,034,384,460.40 (thirty-three trillion thirty-six billion thirty-four million three hundred
       member firm of PricewaterhouseCoopers Global network)) in accordance with its report Number 00027/2.1025/            eighty-four thousand four hundred and sixty rupiah and forty cents) or IDR353.957511267 (three hundred and
       AU.1/07/0229-3/1/I/2024 dated January 31, 2024, with the unqualified opinion in all material respects; and           fifty-three point nine five seven five one one two six seven rupiah) per share is distributed as Cash Dividend. The
   b. Financial Statements of the Micro and Small Business Funding Program (PUMK) audited by the Public                     distribution will be realized under the following conditions:
       Accounting Firm Rintis, Jumadi, Rianto & Rekan (formerly Tanudiredja, Wibisana, Rintis & Rekan (a member             a. The dividend portion of the State of the Republic of Indonesia amounted to IDR17,178,737,880,394.40 (seventeen
       firm of PricewaterhouseCoopers Global network)) in accordance with its report Number 00016/2.1025/                        trillion one hundred seventy-eight billion seven hundred thirty-seven million eight hundred eighty thousand
       AU.2/07/0229-2/1/I/2024 dated January 24, 2024, with the unqualified opinion in all material respects.                    three hundred ninety-four rupiah and forty cents) will be deposited into the State General Treasury Account.
3. By the approval of the Company's Annual Report including and the Implementation of the Company’s Board                   b. Dividends for 2023 Financial Year will be distributed proportionally to each Shareholder whose name is recorded
   of Commissioners Supervisory Tasks Report, as well as the ratification of the Company's Consolidated Financial                in the Shareholders Register on the recording date.
   Statements for the Financial Year ended on December 31, 2023, and the Financial Statements of the Micro and              c. The Board of Directors is given a power and authority with the substitution right to perform:
   Small Business Funding Program (PUMK) for the financial year ended December 31, 2023, the General Meeting                     i) Determination of the schedule and distribution procedures related to the payment of dividends for the 2023
   of Shareholders grants a full a release and discharge (volledig acquit at de charge) to all members of the Board                    Financial Year in accordance with the applicable regulations.
   of Directors for the management tasks of the Company and to the Board of Commissioners for the supervisory                    ii) Withholding the Dividend tax in accordance with the applicable tax regulations.
   tasks of the Company dedicated during the 2023 Financial Year which was ended on December 31, 2023, to                        iii) Other related technical issues in accordance with the applicable regulations.
   the extent that such actions do not constitute a crime and are reflected in the aforementioned reports.               2. 40% or a total of IDR22,024,022,922,973.60 (twenty-two trillion twenty-four billion twenty-two million nine hundred
                                                                                                                            twenty-two thousand nine hundred seventy-three rupiah and six cents) will be allocated as the Retained Earnings
Follow-up                                                                                                                   balance.
The Financial Statements and Annual Reports have been submitted to the OJK and the Indonesia Stock Exchange
with the following information:                                                                                          Follow-up
1. Submission of Financial Statements:                                                                                   Bank Mandiri has announced the Schedule and Procedure for the Distribution of Cash Dividends for Financial
   The Financial Statements was also submitted through the OJK Electronic Reporting System and the Indonesia Stock       Year 2023 on 13 March 2024 and has paid cash dividends to shareholders on 28 March 2024.
   Exchange.
2. Submission of Annual Report:                                                                                          Status: Has been realized
   a. Submitted to the OJK through Letter No. HBK.CSC/CMA.535/2024 dated 13 February 2024 and the report is
      copied to the Indonesia Stock Exchange.
   b. The annual report was also submitted through the OJK Electronic Reporting System and the Indonesia Stock
      Exchange.                                                                                                          AGENDA 3
                                                                                                                         Determination of Remuneration (salary/honorarium, facilities, and benefits) Year of 2024 and Tantiem
Status: Has been realized                                                                                                (Bonus) of the 2023 Financial Year for the Board of Directors and the Board of Commissioners of the
                                                                                                                         Company.
                                                                                                                         In the Third Agenda of Meeting:
AGENDA 2                                                                                                                 Results of the votes count were as follows:
Approval for the Use of the Company's Net Profits for the 2023 Financial Year.
                                                                                                                                                                                                                           Affirmative
 In the Second Agenda of Meeting:
                                                                                                                                     Results                    Dissenting                     Abstained             (Including one Series A
 Results of the votes count were as follows:
                                                                                                                                                                                                                        Dwiwarna Share)
                                                                                            Affirmative                     Number of Shares                           9,044,925,415                   667,450,224                74,876,298,456
          Results                 Dissenting                    Abstained             (Including one Series A               Percentage                                  10.6928327%                    0.7890539%                   88.5181134%
                                                                                         Dwiwarna Share)
    Number of Shares                       88,864,402                663,370,572                      83,836,439,121
    Percentage                            0.1050547%                 0.7842310%                         99.1107143%




PT BANK MANDIRI (PERSERO) TBK                             624                                                                                                                    625                                          ANNUAL REPORT 2024
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GENERAL MEETING OF SHAREHOLDERS                                                                                                                                                                    GENERAL MEETING OF SHAREHOLDERS




AGENDA 3                                                                                                                     AGENDA 4
Determination of Remuneration (salary/honorarium, facilities, and benefits) Year of 2024 and Tantiem                         Determination of Public Accountant (AP) and/or Public Accounting Firms (KAP) to audit the Company's
(Bonus) of the 2023 Financial Year for the Board of Directors and the Board of Commissioners of the                          Consolidated Financial Statements and Financial Statements of the Micro and Small Business Funding
Company.                                                                                                                     Program (PUMK) for the 2024 Financial Year.
In accordance with the provisions of the Meeting Rules, shareholders who do not vote (abstain) are considered                In accordance with the provisions of the Meeting Rules, shareholders who do not vote (abstain) are considered to
to have cast the same votes as the majority votes of shareholders who cast votes.                                            have cast the same votes as the majority votes of shareholders who cast votes.

Therefore:                                                                                                                   Therefore:
The Meeting with majority votes of 75,543,748,680 shares or constitute of 89.3071673% of the total votes cast in             The Meeting with majority votes namely 75,498,719,467 shares or constitute of 89.2539341% of the total votes cast
the Meeting have resolved:                                                                                                   in the Meeting have resolved:
Approving the use of the Company’s Consolidated Net Profit attributed to the owner of the parent entity for                  1. Approving the appointment of the Public Accounting Firm Rintis, Jumadi, Rianto & Rekan (formerly Tanudiredja,
2023 Financial Year amounting to IDR55,060,057,307,434.00 (fifty-five trillion sixty billion fifty-seven million three          Wibisana, Rintis & Rekan (a member firm of PricewaterhouseCoopers Global network)) as the Public Accounting
hundred seven thousand four hundred thirty-four Rupiah) as follows:                                                             Firm which will perform the audit of the Company's Consolidated Financial Statements, Financial Statements
                                                                                                                                of the Company's Micro and Small Business Funding Program (PUMK), and other reports for 2024 Financial Year;
1. Approving the granting of the authority and power to the Seri A Dwiwarna Shareholder to determine for                     2. Approving the granting of the authority and power to the Board of Commissioners of the Company to perform:
   Members of the Board of Commissioners:                                                                                       a. Appointment of the Public Accountant and/or Public Accounting Firm to perform an audit of the Company's
   a. Tantiem/Performance Incentive/Special Incentive for 2023 Financial Year and/or Long-Term Incentive of                         Consolidated Financial Statements for other periods in 2024 Financial Year for the purposes and interests of
      the 2024-2026 Financial Year in accordance with the applicable regulations; and                                               the Company; and
   b. Salary, Benefits, and Facilities for 2024 Financial Year.                                                                 b. Determination of audit service fees and other requirements for the Public Accountant and/or Public Accounting
2. Approving the granting of the authority and power to the Board of Commissioners, subject to prior written                        Firm, and appointing the substitute of Public Accounting and/or Public Accounting Firm in the event that
   approval from Seri A Dwiwarna Shareholder to determine for Members of the Board of Directors:                                    the Public Accounting Firm Rintis, Jumadi, Rianto & Rekan (formerly Tanudiredja, Wibisana, Rintis & Rekan (a
   a. Tantiem/Performance Incentive/Special Incentive for 2023 Financial Year and/or Long-Term Incentive for                        member firm of PricewaterhouseCoopers Global network)), due to any reasons, whatsoever, is unable to
      2024-2026 Financial Year in accordance with applicable regulations; and                                                       accomplish the audit services of the Company's Consolidated Financial Statements for 2024 Financial Year
   b. Salary, Benefits and Facilities for 2024 Financial Year.                                                                      and/or other periods in 2024 Financial Year, as well as the Financial Statements of the Micro and Small Business
                                                                                                                                    Funding Program for 2024 Financial Year, including determining the audit fees and other requirements for the
Follow-up
                                                                                                                                    pertaining substitute of Public Accountant and/or the Substitute Public Accounting Firm.
Determination of salaries for the Board of Directors and honorarium for the Board of Commissioners, and
allowances, facilities, and/or other benefits for 2023, as well as determination of bonuses for the performance of           Follow-up
the Board of Directors and Board of Commissioners for the financial year ended 31 December 2022 have been                    The appointment of Public Accountant Firm Rintis, Jumadi, Rianto & Rekan (formerly Tanudiredja, Wibisana, Rintis
carried out by the Board of Commissioners with prior approval from the Ministry of SOEs.                                     & Rekan (a member firm of PricewaterhouseCoopers Global network)) as the Public Accountant Firm and Lucy
                                                                                                                             Luciana Suhenda as the Public Accountant has been reported to OJK through Letter No. KES.ACC/SFR.1518/2024
Status: Has been realized                                                                                                    dated 14 October 2024.

                                                                                                                             Status: Has been realized
AGENDA 4
Determination of Public Accountant (AP) and/or Public Accounting Firms (KAP) to audit the Company's
Consolidated Financial Statements and Financial Statements of the Micro and Small Business Funding                           AGENDA 5
Program (PUMK) for the 2024 Financial Year.                                                                                  Reporting on the realization of the use of proceeds from the Shelf Public Offering of Shelf Green Bonds
 In the Fourth Agenda of Meeting:
                                                                                                                             I Tranche I of Bank Mandiri of 2023.
 Results of the votes count were as follows:                                                                                 In the Fifth Agenda of Meeting:
                                                                                                                             In accordance with Article 6 of OJK Regulation Number 30/POJK.04/2015 regarding the Report on the Realization
                                                                                                    Affirmative              of the Use of Proceeds from Public Offering, public companies are required to be responsible for the realization
             Results                    Dissenting                     Abstained              (Including one Series A        of the use of proceeds of public offering in each Annual General Meeting of Shareholders (“GMS”) until all of the
                                                                                                                             public offering proceeds have been realized and shall be made as one of the agenda of the Annual GMS but
                                                                                                 Dwiwarna Share)             does not require a shareholder’s approval.
    Number of Shares                           9,089,954,628                 2,460,670,247                  73,038,049,220
                                                                                                                             Therefore, for the Fifth Agenda of the Meeting, the Meeting did not hold a question-and-answer session and
    Percentage                                  10.7460659%                    2.9089831%                     86.3449510%    resolution-making session.
                                                                                                                             Follow-up
                                                                                                                             The realization of the use of funds from the Bank Mandiri Shelf Green Bond Public Offering Phase I 2023 has been
                                                                                                                             reported at the 2024 Annual General Meeting of Shareholders.

                                                                                                                             Status: Has been realized




PT BANK MANDIRI (PERSERO) TBK                                626                                                                                                                    627                                         ANNUAL REPORT 2024
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GENERAL MEETING OF SHAREHOLDERS                                                                                                                                                              GENERAL MEETING OF SHAREHOLDERS




AGENDA 6                                                                                                               AGENDA 7
Approval of the update of the Company's Recovery Plan.                                                                 Approval of Amendments to the Company's Articles of Association.
 In the Sixth Agenda of Meeting:                                                                                       1. Approving the amendments to the Company’s Articles of Association, among others, for the purpose of adjustments
 Results of the votes count were as follows:                                                                              to the laws and regulations: (a) Law Number 4 of 2023 dated January 12, 2023 concerning the Development
                                                                                                                          and Strengthening of the Financial Sector; (b) OJK Regulation Number 17 of 2023 dated September 14, 2023
                                                                                              Affirmative                 concerning the Implementation of Governance of Commercial Banks; (c) Minister of State-Owned Enterprises
                                                                                                                          Regulation Number PER-2/MBU/03/2023 dated March 24, 2023 concerning Guidelines for the Governance and
             Results                  Dissenting                   Abstained            (Including one Series A
                                                                                                                          Significant Corporate Activities of the State-Owned Enterprises; (d) Minister of State-Owned Enterprises Regulation
                                                                                           Dwiwarna Share)                Number PER-3/MBU/03/2023 dated March 24, 2023 concerning Organs and Human Resources of the State-Owned
    Number of Shares                             88,864,402               622,645,124                83,877,164,569       Enterprises; and (e) other relevant regulations.
                                                                                                                       2. Approving to rearrange all provisions of the Company's Articles of Association in connection with the amendments
    Percentage                                  0.1050547%                0.7360857%                   99.1588596%        as referred to in point 1 (one) above.
                                                                                                                       3. Granting the authority and power to the Board of Directors with the substitution right to take all necessary actions
                                                                                                                          related to the resolutions of the Meeting, including but not limited to arrange and restate the entire Company's
In accordance with the provisions of the Meeting Rules, shareholders who do not vote (abstain) are considered to          Articles of Association in a Notarial Deed, adjusting the amendments to the Company's Articles of Association
have cast the same votes as the majority votes of shareholders who cast votes.
                                                                                                                          if required by the authority and submitting to the authority for obtaining approval and notification receipt to
                                                                                                                          the Company's Articles of Association as well as taking all actions as deemed necessary and useful for such
Therefore:
                                                                                                                          purposes without exception.
The Meeting with majority votes namely 84,499,809,693 shares or constitute of 99.8949453% of the total votes cast
in the Meeting have resolved:                                                                                          Follow-up
                                                                                                                       The amendments to the Company’s Articles of Association have been reported to OJK through Letter No. HBK.CSC/
1. Approving the update of the Company's Recovery Plan which, among others, contains changes of the trigger
                                                                                                                       CMA.0953/2024 dated 5 April 2024 and Indonesia Stock Exchange through Letter No. HBK.CSC/CMA.0954/2024
   levels and the compliance with the adequacy and feasibility of debt instruments or equity investment instruments.
                                                                                                                       dated 5 April 2024.
2. Approving the granting of the power and authority to the Board of Commissioners and Board of Directors of
   the Company to take each and all necessary actions in connection with the update of Company's Recovery              Status: Has been realized
   Plan, by taking into account OJK Regulation No. 14/POJK.03/2017 concerning Recovery Plan for Systemic Banks
   and other related regulations.
                                                                                                                       AGENDA 8
Follow-up                                                                                                              Changes in the Composition of the Company's Board of Management.
Referring to OJK Regulation No. 14/POJK.03/2017 concerning the Recovery Plan for Systemically Important Banks,
Bank Mandiri has updated the Recovery Plan documents for 2023-2024 and submitted to OJK via Letter No.                 In the Eighth Agenda of Meeting:
CEO/175/2023 dated 28 November 2023.                                                                                   Results of the votes count were as follows:

Status: Has been realized                                                                                                                                                                                              Affirmative
                                                                                                                                    Results                  Dissenting                    Abstained             (Including one Series A
AGENDA 7                                                                                                                                                                                                            Dwiwarna Share)
Approval of Amendments to the Company's Articles of Association.                                                             Number of Shares                     23,528,825,300                 2,410,288,868                58,649,559,927

 In the Seventh Agenda of Meeting:                                                                                           Percentage                              27.8155741%                   2.8494227%                   69.3350032%
 Results of the votes count were as follows:

                                                                                                                       In accordance with the provisions of the Meeting Rules, shareholders who do not vote (abstain) are considered to
                                                                                              Affirmative              have cast the same votes as the majority votes of shareholders who cast votes.
             Results                  Dissenting                   Abstained            (Including one Series A
                                                                                           Dwiwarna Share)             Therefore:
                                                                                                                       The Meeting with the majority votes namely 61,059,848,795 shares or constitute of 72.1844259% of the total votes
    Number of Shares                       22,443,834,745                 962,037,324                61,182,802,026    cast in the Meeting have resolved:
    Percentage                                 26.5329076%                1.1373122%                   72.3297802%

In accordance with the provisions of the Meeting Rules, shareholders who do not vote (abstain) are considered to
have cast the same votes as the majority votes of shareholders who cast votes.

Therefore:
The Meeting with the majority votes namely 62,144,839,350 shares or constitute of 73.4670924% of the total votes
cast in the Meeting have resolved:




PT BANK MANDIRI (PERSERO) TBK                             628                                                                                                                 629                                         ANNUAL REPORT 2024
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GENERAL MEETING OF SHAREHOLDERS                                                                                                                                                                     GENERAL MEETING OF SHAREHOLDERS




AGENDA 8                                                                                                                    AGENDA 8
Changes in the Composition of the Company's Board of Management.                                                            Changes in the Composition of the Company's Board of Management.
1. Confirming the honorable dismissal of Mr. Ahmad Siddik Badruddin as Risk Management Director of the Company              7. Members of the Board of Directors and Board of Commissioners appointed as referred to in number 4 point 1),
   who was appointed based on the Annual GMS (AGMS) for the 2019 Financial Year on February 19, 2020, effective                 point 2), 5), as well as members of the Board of Commissioners who are assigned as Vice President Commissioner/
   as of January 31, 2024, with gratitude for the contribution of energy and thought given during his tenure as Risk            Independent as referred to in number 3 point 2), can only carry out their duties after obtaining approval from the
   Management Director of the Company.                                                                                          Financial Services Authority (OJK) for the Fit and Proper Test and fulfilling the applicable laws and regulations. In
2. Honorably dismiss the following names as the Company’s Board of Management:                                                  the event that the member of the Board of Directors or member of the Board of Commissioners of the Company
   a. Mrs. Susana Indah Kris as the Director of Corporate Banking;                                                              is subsequently declared disapproved as a member of the Board of Directors or member of the Board of
   b. Mr. M. Chatib Basri as the President Commissioner/Independent;                                                            Commissioners in the Fit and Proper Test by the OJK, then the member of the Board of Directors or member of
   c. Mr. Andrinof Achir Chaniago as the Vice President Commissioner/Independent;                                               the Board of Commissioners of the Company shall be honorably discharged from the date of the decision of
   d. Mr. Rionald Silaban as the Commissioner;
                                                                                                                                the OJK Fit and Proper Test results.
   e. Ms. Nawal Nely as the Commissioner;
                                                                                                                            8. Members of the Board of Directors and Board of Commissioners appointed as referred to in point 4 who are still
   each of them was appointed based on the Resolutions of the 2020 Extraordinary General Meeting of Shareholders
                                                                                                                                serving in other positions that are prohibited by laws and regulations to be concurrently held by members of
   (“EGMS”) dated 21 October 2020, 2019 EGMS Resolutions dated 9 December 2019 in conjunction with 2019 Annual
                                                                                                                                the Board of Directors or Board of Commissioners of State-Owned Enterprises, then the person concerned must
   GMS Resolutions dated 19 February 2020, 2019 Annual GMS Resolutions dated 19 February 2020, 2019 EGMS Resolutions
   dated 28 August 2019, and 2019 Annual GMS Resolutions dated 19 February 2020, commenced as of the closing of the             resign or be dismissed from the position.
   GMS, with gratitude for the contribution of their energy and thoughts dedicated during their tenures as the Company’s    9. Requested the Board of Directors to submit a written request to the Financial Services Authority for the implementation
   Board of Management.                                                                                                         of Fit and Proper Test for the appointed members of the Board of Directors and Board of Commissioners as referred
3. Transferring the assignment of the names mentioned below as the Management of the Company;                                   to in point 4 point 1), point 2), point 5), as well as members of the Board of Commissioners who are assigned as
   a. Mr. Riduan – Previously: Director of Commercial Banking – To: Director of Corporate Banking                               Vice President Commissioner/Independent as referred to in point 3 point 2).
   b. Mr. Zainudin Amali – Previously: Independent Commissioner – To: Vice President Commissioner/Independent               10. To grant power of attorney with substitution right to the Board of Directors of the Company to state the resolutions
   Each of them was appointed based on the Resolution of AGMS for the 2022 Financial Year dated March 14, 2023, with            of this GMS in the form of a Notarial Deed and to appear before a Notary or authorized official, and to make
   the term of office continuing the remaining term of office in accordance with the resolution of the GMS appointing the       necessary adjustments or corrections if required by the competent authorities for the purpose of implementing
   person concerned.                                                                                                            the resolutions of the meeting.
4. To appoint the names mentioned below as the Management of the Company:
   a. Mr. Danis Subyantoro as Director of Risk Management;
   b. Mr. Totok Priyambodo as Director of Commercial Banking;
   c. Mr. M. Chatib Basri as President Commissioner/Independent;                                                            Follow-up
   d. Mr. Rionald Silaban as Commissioner;                                                                                  1. Mr. Zainudin Amali – previously: Independent Commissioner – to become: Vice President Commissioner/
   e. Mr. Tedi Bharata as Commissioner;                                                                                        Independent, has received approval from the OJK (Financial Services Authority) for the Fit and Proper Test
5. The term of office of the appointed members of the Board of Directors and Board of Commissioners as referred to             assessment as stated in the Copy of the Decision Letter of the OJK Board of Commissioners No. KEPR-112/D.03/2024
   in point 4, in accordance with the provisions of the Articles of Association of the Company, with due observance            dated September 13, 2024, and OJK Letter No. SR-414/PB.02/2024 dated September 13, 2024. His appointment
   of the laws and regulations in the Capital Market sector and without prejudice to the right of the GMS to dismiss           as Vice President Commissioner/ Independent became effective as of September 13, 2024, as stated in Bank
   them at any time.                                                                                                           Mandiri’s Letter No. KPS/1457/2024 dated September 13, 2024.
6. With the confirmation of the dismissal, removal, transfer of duties, and appointment of members of the Board             2. Mr. Danis Subyantoro, as Director of Risk Management, has received approval from the OJK for the Fit and
   of Directors and Board of Commissioners of the Company as referred to in number 1, number 2, number 3                       Proper Test assessment as stated in the Copy of the Decision Letter of the OJK Board of Commissioners No.
   and number 4, the composition of the members of the Board of Directors and Board of Commissioners of the                    KEPR-106/D.03/2024 dated August 30, 2024, and OJK Letter No. SR-380/PB.02/2024 dated August 30, 2024. His
   Company shall be as follows:                                                                                                appointment as Director of Risk Management became effective as of August 30, 2024, as stated in Bank Mandiri’s
   a. Board of Directors                                                                                                       Letter No. KPS/1410/2024 dated September 3, 2024.
       i) President Director					: Mr. Darmawan Junaidi                                                                     3. Mr. Totok Priyambodo, as Director of Commercial Banking, has received approval from the OJK for the Fit and
       ii) Vice President Director				: Mrs. Alexandra Askandar                                                                Proper Test assessment as stated in the Copy of the Decision Letter of the OJK Board of Commissioners No.
       iii) Compliance and HR Director				: Mr. Agus Dwi Handaya
                                                                                                                               KEPR-107/D.03/2024 dated August 30, 2024, and OJK Letter No. SR-380/PB.02/2024 dated August 30, 2024. His
       iv) Corporate Banking Director				: Mr. Riduan
                                                                                                                               appointment as Director of Commercial Banking became effective as of August 30, 2024, as stated in Bank
       v) Network and Retail Director				: Mr. Aquarius Rudianto
                                                                                                                               Mandiri’s Letter No. KPS/1410/2024 dated September 3, 2024.
       vi) Operation Director					: Mr. Toni E.B. Subari
       vii) Institutional Relations Director				: Mr. Rohan Hafas                                                           4. Mr. Tedi Bharata, as Commissioner, has received approval from the OJK for the Fit and Proper Test assessment as
       viii)Finance and Strategy Director			 : Mr. Sigit Prastowo                                                              stated in the Copy of the Decision Letter of the OJK Board of Commissioners No. KEPR-105/D.03/2024 dated August
       ix) Information Technology Director			 : Mr. Timothy Utama                                                              30, 2024, and OJK Letter No. SR-380/PB.02/2024 dated August 30, 2024. His appointment as Commissioner became
       x) Treasury and International Banking Director		         : Mrs. Eka Fitria                                              effective as of August 30, 2024, as stated in Bank Mandiri›s Letter No. KPS/1410/2024 dated September 3, 2024.
       xi) Risk Management Director				: Mr. Danis Subyantoro                                                               5. The Board of Directors of Bank Mandiri has taken all necessary actions related to the decisions of this agenda
       xii) Commercial Banking Director			: Mr. Totok Priyambodo                                                               in accordance with applicable laws and regulations.
   b. Board of Commissioners
       i) President Commissioner/Independent		 : Mr. M. Chatib Basri                                                        Status: Has been realized
       ii) Vice President Commissioner/Independent		            : Mr. Zainudin Amali
       iii) Independent Commissioner				: Mrs. Rr. Loeke Larasati Agoestina
       iv) Independent Commissioner				: Mr. Muliadi Rahardja
       v) Independent Commissioner				: Mr. Heru Kristiyana
       vi) Commissioner					: Mr. Rionald Silaban
       vii) Commissioner					: Mr. Faried Utomo
       viii)Commissioner					: Mr. Arif Budimanta
       ix) Commissioner					: Mr. Muhammad Yusuf Ateh
       x) Commissioner					: Mr. Tedi Bharata




PT BANK MANDIRI (PERSERO) TBK                              630                                                                                                                       631                                          ANNUAL REPORT 2024
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GENERAL MEETING OF SHAREHOLDERS                                                                                                                                                                 GENERAL MEETING OF SHAREHOLDERS




     IMPLEMENTATION OF PREVIOUS YEAR                                                                                                                                          AGENDA 1

     ANNUAL GMS AND REALIZATIONS                                                                                         Follow-up
                                                                                                                         The Financial Statements and Annual Reports have been submitted to the OJK and the Indonesia Stock Exchange
                                                                                                                         with the following information:
                                                                                                                         1. Submission of Financial Statements:
                                                                                                                            The Financial Statements was also submitted through the OJK Electronic Reporting System and the Indonesia Stock
                                                                                                                            Exchange.
In 2023, Bank Mandiri held 1 (one) GMS, the Annual GMS, which was held on 14 March 2023, at the Plaza                    2. Submission of Annual Report:
                                                                                                                            a. Submitted to the OJK through Letter No. HBK.CSC/CMA.628/2023 dated 20 February 2023 and the report is
Mandiri Auditorium, Jakarta. The Annual GMS was carried out with the following results and realizations:
                                                                                                                               copied to the Indonesia Stock Exchange.
                                                                                                                            b. The annual report was also submitted through the OJK Electronic Reporting System and the Indonesia Stock
                                                                                                                               Exchange.
RESOLUTIONS OF THE 2023 ANNUAL GMS
                                                                                                                         Status: Realized

                                                    AGENDA 1
Approval of the Annual Report and Ratification of the Company’s Consolidated Financial Statements, Approval                                                                   AGENDA 2
of the Board of Commissioners’ Supervisory Tasks Report and Ratification of the Financial Statements of the Micro        Approval for the use of the Company’s net profits for 2022 Financial Year.
and Small Business Funding Program (PUMK) for 2022 Financial Year, as well as the granting of a full release and
discharge (volledig acquit et de charge) to the Board of Directors for the management actions of the Company             Voting Results
and the Board of Commissioners for the supervisory actions of the Company that have been dedicated during                Affirmative: 99,6409688% Including one Series A Dwiwarna Share
2022 Financial Year.                                                                                                     Abstain: 0,3590312%
                                                                                                                         Dissenting: 0%
Voting Results
Affirmative: 99,3199920% Including one Series A Dwiwarna Share                                                           Resolutions
Abstain: 0,6247232%                                                                                                      In accordance with the provisions of the Meeting Rules, Shareholders who do not vote (abstain) are considered
Dissenting: 0,0552848%                                                                                                   to have cast the same votes as the majority votes of Shareholders who cast votes.

Resolutions                                                                                                              Therefore:
In accordance with the provisions of the Meeting Rules, Shareholders who do not vote (abstain) are considered            The meeting with the unanimous votes namely 42,004,733,985 shares or constituting 100% of the total votes cast in
to have cast the same votes as the majority votes of Shareholders who cast votes.                                        the Meeting have resolved:

Therefore:                                                                                                               Approved and determined the use of the consolidated Net Income attributed to the owner of the parent entity for
The meeting with the majority votes namely 41,981,511,760 shares or constituted 99.9447152% of the total votes           2022 Financial Year amounting to IDR41,170,637,183,351.00 (forty-one trillion one hundred seventy billion six hundred
cast in the Meeting have resolved:                                                                                       thirty-seven million one hundred eighty-three thousand three hundred fifty-one Rupiah) as follows:
                                                                                                                         1. 60% of the Company’s Consolidated Net Income for 2022 Financial Year or IDR24,702,382,310,010.60 (twenty-four
1. Approving the Company’s Annual Report including the Board of Commissioners’ Report on the Implementation                  trillion seven hundred two billion three hundred eighty-two million three hundred ten thousand ten Rupiah and
   of the Company’s Supervisory Tasks for the financial year ended on December 31st, 2022.                                   sixty cents) will be distributed as cash dividends to the Shareholders of the Company with the following provisions:
2. Ratifying:                                                                                                                a. special dividends for the Republic of Indonesia which is a Shareholder of the Company with 52% ownership
   a. The Company’s Consolidated Financial Statements for the Financial Year ended on December 31st, 2022                          of the Company’s issued and paid-up capital or amounting to IDR12,845,238,801,205.50 (twelve trillion eight
       which have been audited by the Public Accounting Firm Tanudiredja, Wibisana, Rintis and Partners (a member                  hundred forty-five billion two hundred thirty-eight million eight hundred one thousand two hundred five Rupiah
       firm of the PricewaterhouseCoopers Global network) in accordance with its report Number 00023/2.1025/                       and fifty cents) will be credited into the State General Treasury Account.
       AU.1/07/0229-2/1/I/2023 dated January 31, 2023, with a fair audit opinion in all material respects (unqualified       b. for the ownership of 48% public shares worth IDR11,857,143,508,805.10 (eleven trillion eight hundred fifty-seven
       opinion); and                                                                                                               billion one hundred forty-three million five hundred eight thousand eight hundred five Rupiah and ten cents)
   b. Financial Statements of the Micro and Small Business Funding Program (PUMK) for the Financial Year ended                     will be distributed to the Shareholders in accordance with their respective ownership portions.
       on December 31st, 2022 which have been audited by the Public Accounting Firm Tanudiredja, Wibisana,                   c. grant a power and authority to the Board of Directors of the Company with the right of substitution to determine
       Rintis and Partners (a member firm of the PricewaterhouseCoopers Global network) in accordance with its                     the schedule and mechanism for the distribution of dividends for 2022 Financial Year in accordance with the
       report Number 00027/2.1025/AU.2/07/0229-2/1/I/2023 dated January 30th, 2023, with a fair audit opinion in                   applicable regulations.
       all material respects (unqualified opinion).                                                                      2. 40% or IDR16,468,254,873,340.40 (sixteen trillion four hundred sixty-eight billion two hundred fifty-four million
3. By the approval of the Company’s Annual Report and the Implementation of the Company’s Board of                           eight hundred seventy-three thousand three hundred forty Rupiah and forty cents) shall be designated as the
   Commissioners Tasks Report for the Financial Year ended on December 31st, 2022, as well as the approval of                Retained Earnings.
   the Company’s Consolidated Financial Statements for the Financial Year ended on December 31st, 2022 and
   the Financial Statements of the Micro and Small Business Funding Program (PUMK) for the Financial Year ended          Follow-up
   December 31st, 2022, the General Meeting of Shareholders grants full a release and discharge (volledig acquit         Bank Mandiri has announced the Schedule and Procedure for the Distribution of Cash Dividends for Financial Year
   at de charge) to all members of the Board of Directors for the management of the Company and to the Board             2022 on 16 March 2023 and has paid cash dividends to shareholders on 12 April 2023.
   of Commissioners for the supervision of the Company that has been dedicated during 2022 Financial Year, to the
   extent that such actions do not constitute a criminal offense, and are reflected in the aforementioned reports.       Status: Realized




PT BANK MANDIRI (PERSERO) TBK                             632                                                                                                                    633                                         ANNUAL REPORT 2024
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GENERAL MEETING OF SHAREHOLDERS                                                                                                                                                                GENERAL MEETING OF SHAREHOLDERS




                                                     AGENDA 3                                                                                                                 AGENDA 4
Determination of remuneration (salary/honorarium, facilities and allowances) in 2023 and Tantiem Fiscal Year 2022          Resolutions
for the Board of Directors and Board of Commissioners of the Company.                                                      In accordance with the provisions of the Meeting Rules, Shareholders who do not vote (abstain) are considered
                                                                                                                           to have cast the same votes as the majority votes of Shareholders who cast votes.
Voting result
Affirmative: 93,9451294% Including one Series A Dwiwarna Share
                                                                                                                           Therefore:
Abstain: 0,5604907%
                                                                                                                           The meeting with the majority votes namely 42,004,020,685 shares or constituting 99.9983019% of the total votes
Dissenting: 5,4943799%
                                                                                                                           cast in the Meeting have resolved:
Resolutions                                                                                                                1. Appointed the Public Accountant Firm Rintis, Jumadi, Rianto & Rekan (formerly Tanudiredja, Wibisana, Rintis &
In accordance with the provisions of the Meeting Rules, Shareholders who do not vote (abstain) are considered                 Rekan (a member firm of PricewaterhouseCoopers Global network)) as the Public Accountant Firm and Lucy
to have cast the same votes as the majority votes of Shareholders who cast votes.                                             Luciana Suhenda as the Public Accountant who will audit the Company’s Consolidated Financial Statements and
Therefore:                                                                                                                    Financial Statements of the Company’s Micro and Small Business Funding Program (PUMK) for 2023 Financial Year.
The meeting with the majority votes namely 39,696,834,321 shares or constituting 94.5056201% of the total votes            2. Granted a power of attorney to the Company’s Board of Commissioners to determine the honorarium and
cast in the Meeting have resolved:                                                                                            other requirements for the Public Accountant Firm, as well as to determine the substitute Public Accountant Firm
Granted a power and authority to the Company’s Series A Dwiwarna Shareholder to determine the amount of                       and/or Public Accountant in the event that the Public Accounting Firm Rintis, Jumadi, Rianto & Rekan (formerly
tantiem (bonus) for 2022 Financial Year, as well as determine the honorarium, facilities and benefits for members             Tanudiredja, Wibisana, Rintis & Rekan (a member firm of PricewaterhouseCoopers Global network)) and Lucy
of the Company’s Board of Commissioners for the Year 2023.                                                                    Luciana Suhenda as the Public Accountant, due to any reasons, will be unable to complete the audit of the
Granted a power and authority to the Company’s Board of Commissioners with a prior written approval from the
                                                                                                                              Company’s Consolidated Financial Statements and the Financial Statements of the Micro and Small Business
Company’s Series A Dwiwarna Shareholder to determine the amount of tantiem (bonus) for 2022 Financial Year, as
                                                                                                                              Funding Program for 2023 Financial Year.
well as determine the salary, facilities and benefits for members of the Company’s Board of Directors for the Year 2023.
                                                                                                                           Follow-up
Follow-up
                                                                                                                           The appointment of Public Accountant Firm Rintis, Jumadi, Rianto & Rekan (formerly Tanudiredja, Wibisana, Rintis
Determination of salaries for the Board of Directors and honorarium for the Board of Commissioners, and allowances,
                                                                                                                           & Rekan (a member firm of PricewaterhouseCoopers Global network)) as the Public Accountant Firm and Lucy
facilities, and/or other benefits for 2023, as well as determination of bonuses for the performance of the Board of
                                                                                                                           Luciana Suhenda as the Public Accountant has been reported to OJK through Letter No. KES/254/2023 dated 24
Directors and Board of Commissioners for the financial year ended 31 December 2022 have been carried out by
                                                                                                                           March 2023.
the Board of Commissioners with prior approval from the Ministry of SOEs.
                                                                                                                           Status: Realized
Status: Realized



                                                     AGENDA 4                                                                                                                 AGENDA 5
Determination of Public Accountants (AP) and/or Public Accounting Firms (KAP) to audit the Company’s Consolidated          Approval of the Company’s Resolution Plan.
Financial Statements and Financial Statements of the Micro and Small Business Funding Program (PUMK) for the
                                                                                                                           Voting Result
2023 Financial Year.
                                                                                                                           Affirmative: 99,6043763% Including one Series A Dwiwarna Share
Voting Result                                                                                                              Abstain: 0,3956237%
Affirmative: 99.6392633% Including one Series A Dwiwarna Share                                                             Dissenting: 0%
Abstain: 0.3590385%
                                                                                                                           Decisions
Dissenting: 0.0016981%
                                                                                                                           In accordance with the provisions of the Meeting Rules, Shareholders who do not vote (abstain) are considered
                                                                                                                           to have cast the same votes as the majority votes of Shareholders who cast votes

                                                                                                                           Therefore:
                                                                                                                           The meeting with the unanimous votes namely 42,004,733,985 shares or constituting 100% of the total votes cast in
                                                                                                                           the Meeting have resolved:
                                                                                                                           Approve the Company’s Resolution Plan in order to comply with the provisions of the Deposit Insurance Corporation
                                                                                                                           Regulation Number 1 of 2021 concerning Resolution Plan for Commercial Banks.
                                                                                                                           Follow-up
                                                                                                                           The Minutes of the Annual General Meeting of Shareholders for Fiscal Year 2022 have been submitted to the Deposit
                                                                                                                           Insurance Corporation (LPS) as evidence of shareholders’ approval at the general meeting of shareholders on the
                                                                                                                           Preparation of the Company’s Resolution Plan.

                                                                                                                           The preparation of the Company’s Resolution Plan has received approval from LPS which was submitted through LPS
                                                                                                                           Letter No. S-50/DKRB/2023 dated 24 March 2023 concerning Submission of Approval on the Results of the Resolution
                                                                                                                           Plan Assessment and Resolvency Test and Recommendations to the Bank.

                                                                                                                           Status: Realized




PT BANK MANDIRI (PERSERO) TBK                              634                                                                                                                   635                                       ANNUAL REPORT 2024
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GENERAL MEETING OF SHAREHOLDERS                                                                                                                                                                         GENERAL MEETING OF SHAREHOLDERS




                                                       AGENDA 6                                                                                                                       AGENDA 7
Approval of the Company’s Stock Split with ratio of 1:2 or from IDR250.00 (two hundred and fifty Rupiah) per share             Resolutions
to become IDR125.00 (one hundred twenty-five Rupiah) per share.                                                                In accordance with the provisions of the Meeting Rules, Shareholders who do not vote (abstain) are considered
                                                                                                                               to have cast the same votes as the majority votes of Shareholders who cast votes
Voting Results
Affirmative: 99.6409574% Including one Series A Dwiwarna Share
                                                                                                                               Therefore:
Abstain: 0.3590328%
                                                                                                                               The meeting with the majority votes namely 35,059,806,251 shares or constituting 83.4663214% of the total votes
Dissenting: 0.0000098%
                                                                                                                               cast in the Meeting have resolved:
Decision                                                                                                                       1. Approved the amendment to Article 4 of the Company’s Articles of Association in relation to the Company’s
In accordance with the provisions of the Meeting Rules, Shareholders who do not vote (abstain) are considered                     Stock Split.
to have cast the same votes as the majority votes of Shareholders who cast votes                                               2. Approved the amendment to Article 3 of the Company’s Articles of Association in connection with the adjustment
                                                                                                                                  to the Indonesian Standard Industrial Classification (KBLI) 2020.
Therefore:                                                                                                                     3. Granted a power and authority to the Board of Directors with the right of substitution to take all necessary actions
The meeting with the majority votes namely 42,004,729,885 shares or constituting 99.9999902% of the total votes                   related to the resolutions of the Seventh Agenda of the Meeting, including but not limited to preparing and
cast in the Meeting have resolved:                                                                                                restating the entire Articles of Association of the Company in a Notarial Deed and submitting it to the competent
1. Approved the implementation of the Company’s Stock Split with a ratio of 1:2 or from IDR250.00 (two hundred                    authorities to obtain approval and/or receipt of notification of the amendment to the Articles of Association of
   and fifty Rupiah) per share will become IDR125.00 (one hundred and twenty-five Rupiah) per share with the                      the Company, perform all actions everything as deemed necessary and useful for such purposes with none of
   following provisions:                                                                                                          them being excluded.
   a. Series A Dwiwarna shares into 2 (two) shares with nominal value as follows:
       i) 1 (one) Series A Dwiwarna share will be retained as the Series A Dwiwarna share owned by the Republic of Indonesia   Follow-up
           with a nominal value of IDR125.00 (one hundred twenty-five Rupiah) per share; and                                   The amendments to the Company’s Articles of Association have been reported to OJK through Letter No. HBK.CSC/
       ii) 1 (one) Series A Dwiwarna share will become 1 (one) Series B share owned by the Republic of Indonesia with a        CMA.1031/2023 dated 21 March 2023 and Indonesia Stock Exchange through Letter No. HBK.CSC/CMA.1003/2023
           nominal value of IDR125.00 (one hundred twenty-five Rupiah) per share;                                              dated 17 March 2023.
   b. Series B shares from IDR250.00 (two hundred fifty Rupiah) per share will become IDR125.00 (one hundred
       twenty-five Rupiah) per share;                                                                                          Status: Realized
2. Approved to grant a power and authority to the Board of Directors of the Company with the right of substitution
   to take all necessary actions in implementing the Stock Split in accordance with the applicable laws and
   regulations, including but not limited to determining the procedures and schedule for the implementation of                                                                        AGENDA 8
   the Stock Split, restating the resolution regarding the Sixth Agenda in a Notarial Deed and submitting it to the
                                                                                                                               Changes in the composition of the Company’s Board of Management.
   competent authorities, as well as performing all actions as deemed necessary and useful for such purposes
   with no exemption.                                                                                                          Voting Results
                                                                                                                               Affirmative: 73.5487457% Including one Series A Dwiwarna Share
Follow-up
                                                                                                                               Abstain: 1.7759612%
Bank Mandiri has submitted a letter requesting the listing of shares from the stock split to the Indonesia Stock
                                                                                                                               Dissenting: 24.6752932%
Exchange through Letter No. HBK. CSC/CMA.1013/2023 on 20 March 2023 regarding the Application for Additional
Share Listing of PT Bank Mandiri (Persero) Tbk (the “Company”), PT Bursa Efek Indonesia has approved the listing               Resolutions
application pursuant to Letter No. S-02587/IDX. PP1/03-2023 dated 28 March 2023 regarding the Approval of Stock                In accordance with the provisions of the Meeting Rules, Shareholders who do not vote (abstain) are considered
Split. Thereby, as of 6 April 2023, the shares from the stock split have been listed on the Indonesia Stock Exchange.          to have cast the same votes as the majority votes of Shareholders who cast votes

Status: Realized                                                                                                               Therefore:
                                                                                                                               The meeting with the majority votes namely 31,639,942,737 shares or constituting 75.3247068% of the total votes
                                                                                                                               cast in the Meeting have resolved:
                                                       AGENDA 7                                                                1. Honorably dismiss the following names as the Company’s Board of Management:
                                                                                                                                  a. Mrs. Alexandra Askandar as the Vice President Director;
Approval of amendments to the Company’s Articles of Association.                                                                  b. Mr. Panji Irawan as the Treasury and International Banking Director;
Voting Results                                                                                                                    c. Mr. Agus Dwi Handaya as the Compliance and Human Resources Director;
Affirmative: 83,1014191% Including one Series A Dwiwarna Share                                                                    d. Mr. Riduan as the Commercial Banking Director;
Abstain: 0,3649022%                                                                                                               e. Mr. Boedi Armanto as the Independent Commissioner;
Dissenting: 16,5336786%                                                                                                           each of them was appointed based on the Resolution of the 2017 Financial Year GMS dated March 21, 2018 in conjunction
                                                                                                                                  with the Extraordinary General Meeting of Shareholders (EGMS) 2019 dated December 9, 2019 in conjunction with 2020
                                                                                                                                  EGMS dated October 21, 2020. Resolution of the 2017 Financial Year GMS dated March 21, 2018 in conjunction with
                                                                                                                                  2019 EGMS dated December 9, 2019 in conjunction with GMS of Financial year 2018 dated May 16, 2019 in conjunction
                                                                                                                                  with 2019 EGMS dated December 9, 2019 in conjunction with 2020 EGMS dated October 21, 2020, Resolution of the 2017
                                                                                                                                  Financial Year GMS dated March 21, 2018 in conjunction with GMS of Financial year 2018 dated May 16, 2019, Resolution
                                                                                                                                  of EGMS of 2019 dated January 7, 2019, and the Resolution of the Annual GMS of the Financial Year 2019 dated February
                                                                                                                                  19, 2020, as of the closing of the GMS, with gratitude for the contribution of their energy and thoughts dedicated during
                                                                                                                                  their tenures as the Company’s Board of Management.




PT BANK MANDIRI (PERSERO) TBK                                636                                                                                                                         637                                          ANNUAL REPORT 2024
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GENERAL MEETING OF SHAREHOLDERS                                                                                                                                                             GENERAL MEETING OF SHAREHOLDERS




                                                   AGENDA 8                                                                                                                AGENDA 8
2. Appointed the names mentioned below as the Company’s Board of Management:                                           7. Requested the Board of Directors to submit a written request to the OJK for the implementation of the Fit and
   a. Mrs. Alexandra Askandar as the Vice President Director;                                                             Proper Test for the new appointed members of the Board of Directors and the Board of Commissioners as referred
   b. Mrs. Eka Fitria as the Treasury and International Banking Director;                                                 to in point 2.
   c. Mr. Agus Dwi Handaya as the Compliance and Human Resources Director;                                             8. Granted a power of attorney with the rights of substitution to the Board of Directors of the Company to restate
   d. Mr. Riduan as the Commercial Banking Director;                                                                      the resolutions of this GMS in a Notarial deed and to appear before a Notary or the authorized official, and
   e. Mr. Heru Kristiyana as the Independent Commissioner;                                                                to make necessary adjustments or rectifications if required by the competent authorities for the purposes of
   f. Mr. Zainudin Amali as the Independent Commissioner;                                                                 implementing the resolutions of the meeting.
3. The term of office of the appointed members of the Board of Directors and the Board of Commissioners as
   referred to in point 2, shall be in accordance with the provisions of the Articles of Association of the Company,   Follow-up
   with due observance of the laws and regulations in the Capital Market sector and without prejudice to the right     1. Mr. Heru Kristiyana has obtained OJK approval of the Fit and Proper Test assessment as stated in the copy of
   of the GMS to dismiss them at any time.                                                                                OJK Board of Commissioners Decree No. KEPR-98/D.03/2023 dated 21 August 2023 and OJK Letter No. SR-163/
4. By the dismissal and appointment of members of the Board of Directors and the Board of Commissioners of the            PB.02/2023 dated 21 August 2023, and his appointment as Independent Commissioner is effective as of 21 August
   Company as referred to in point 1 and point 2, the composition of the members of the Board of Directors and            2023 as stated in Bank Mandiri Letter No. KPS/1181/2023 dated 24 August 2023.
   Board of Commissioners of the Company shall be as follows:                                                          2. Mr. Zainudin Amali has obtained OJK’s approval of the Fit and Proper Test assessment as stated in the copy of
   a. Board of Directors                                                                                                  OJK Board of Commissioners Decree No. KEPR-139/D.03/2023 dated 06 November 2023 and OJK Letter No. SR-
       i) President Director					: Darmawan Junaidi;                                                                      250/PB.02/2023 dated 06 November 2023, and his appointment as Independent Commissioner is effective as of
       ii) Vice President Director				                       : Alexandra Askandar;                                        06 November 2023 as stated in Bank Mandiri Letter No. KPS/1428/2023 dated 08 November 2023.
       iii) Corporate Banking Director				                   : Susana Indah Kris Indriati;                             3. Ms. Eka Fitria has obtained OJK’s approval of the Fit and Proper Test assessment as stated in the copy of OJK Board
       iv) Commercial Banking Director			                    : Riduan;                                                    of Commissioners Decree No. KEPR-97/D.03/2023 dated 21 August 2023 and OJK Letter No. SR-163/PB.02/2023
       v) Treasury and International Banking Director		      : Eka Fitria;                                                dated 21 August 2023, and her appointment as Independent Commissioner is effective as of 21 August 2023 as
       vi) Network and Retail Banking Director			            : Aquarius Rudianto;                                         stated in Bank Mandiri Letter No. KPS/1181/2023 dated 24 August 2023.
       vii) Operation Director					                          : Toni E.B. Subari;                                       4. The Board of Directors of Bank Mandiri has taken all necessary actions related to the decisions of this agenda
       viii)Compliance and Human Resources Director		        : Agus Dwi Handaya;                                          in accordance with the applicable laws and regulations.
       ix) Institutional Relations Director				              : Rohan Hafas;
       x) Risk Management Director				                       : Ahmad Siddik Badruddin;                                 Status: Realized
       xi) Information Technology Director			                : Timothy Utama;
       xii) Finance and Strategy Director			                 : Sigit Prastowo.
   b. Board of Commissioners
      i) President Commissioner/Independent		        : M. Chatib Basri;
      ii) Vice President Commissioner/ Independent		 : Andrinof A. Chaniago;
      iii) Commissioner					: Rionald Silaban;
      iv) Commissioner					: Nawal Nely;
      v) Commissioner					: Arif Budimanta;
      vi) Commissioner					: Faried Utomo;
      vii) Commissioner					: Muhammad Yusuf Ateh;
      viii)Independent Commissioner				              : Heru Kristiyana;
      ix) Independent Commissioner				               : Loeke Larasati Agoestina;
      x) Independent Commissioner				                : Muliadi Rahardja;
      xi) Independent Commissioner				               : Zainudin Amali.
5. The new appointed members of the Board of Directors and Board of Commissioners as referred to in point 2 may
   only commence performing their tasks after obtaining approval from the Financial Services Authority (OJK) for the
   Fit and Proper Test and complying with the applicable laws and regulations. In the event that the members of
   the Board of Directors and the Board of Commissioners of the Company, in fact, are not approved as members
   of the Board of Directors and the Board of Commissioners in the Fit and Proper Test by the OJK, the members of
   the Board of Directors and the Board of Commissioners of the Company shall be honorably dismissed from the
   date of the decision of the OJK Fit and Proper Test results.
6. Members of the Board of Directors and the Board of Commissioners appointed as referred to in point 2 who are
   still serving in other positions that are prohibited by laws and regulations to be concurrently held by members
   of the Board of Directors or the Board of Commissioners of the State-Owned Enterprises, the concerned person
   must resign or be dismissed from his/her position.




PT BANK MANDIRI (PERSERO) TBK                            638                                                                                                                  639                                        ANNUAL REPORT 2024
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BOARD OF COMMISSIONERS                                                                                                                 BOARD OF COMMISSIONERS




                                                            In per for ming their duties, the Board of                reputation in accordance with OJK Regulation
                                                            Commissioners adheres to a range of standards,            No. 27/POJK.03/2016 concerning Capability and
                                                            including the principles of prudential banking,           Compliance Assessment for The Main Party of
The Board of Commissioners at Bank Mandiri holds            professional ethics, and good corporate                   Financial Services Institution that prospective

an essential role in overseeing the management              governance. Each member is expected to have
                                                            high integrity, knowledge, and the capability
                                                                                                                      members of the Board of Commissioners must
                                                                                                                      obtain approval from the OJK prior to carrying
policies and overall direction of the Board of Directors    to commit the necessary time to fulfill their             out its actions, duties and functions as the Board

concerning the Bank and its business activities. The        responsibilities. The Board’s composition is designed
                                                            to promote effective and timely decision-making,
                                                                                                                      of Commissioners.

Board is entrusted with providing strategic advice to the   free from conflicts of interest that may affect           BOARD OF COMMISSIONERS
Board of Directors and monitoring the execution of the      their independency. These are crucial to ensure           COMPOSITION
                                                            objective oversight and maintaining the Bank’s
Company›s Long-Term Plan, Work Plan, and Budget,            alignment with its long-term strategic goals.             In 2024, the composition of the Company’s

by adhering to the provisions outlined in the Articles of   BOARD OF COMMISSIONERS
                                                                                                                      Board of Commissioners underwent changes as
                                                                                                                      described below.
Association, the GMS resolutions, and prevailing laws       APPOINTMENT BASIS
and regulations.                                            Members of the Board of Commissioners are
                                                                                                                      Based on the resolution of the Annual GMS on
                                                                                                                      March 7, 2024, the AGMS approved the following:
                                                            appointed and dismissed by the GMS. The Board
                                                            primary responsibility is to oversee the Board of         • The reappointment of M. Chatib Basri as
                                                            Directors in managing the overall operations and            President Commissioner/Independent;
                                                            strategy of the Bank. Through this oversight, the         • The reassignment of Zainudin Amali from
                                                            Board ensures that the management’s policies                Independent Commissioner to Vice President
                                                            are in line with the Bank’s objectives and that             Commissioner/Independent;
                                                            operational decisions foster the long-term business       • The reappointment of Rionald Silaban as
                                                            sustainability. The Board also ensures that the Bank        Commissioner;
                                                            remains compliant with regulatory and corporate           • The appointment of Tedi Bharata as
                                                            governance requirements.                                    Commissioner.

                                                            All members of the Board of Commissioners                 Following the Annual GMS on March 7, 2024,
                                                            have passed the fit and proper tests and have             the Board of Commissioners was composed
                                                            obtained approval from the OJK, indicating that           of 10 (ten) members, consisting of 1 (one)
                                                            each member of the Board of Commissioners has             President Commissioner/ Independent, 1 (one)
                                                            adequate integrity, competence and financial              Vice President Commissioner/ Independent, 3
                                                                                                                      (three) Independent Commissioners, and 5 (five)
                                                                                                                      Commissioners. All members of the Board of
                                                                                                                      Commissioners are domiciled within the working
                                                                                                                      area of Bank Mandiri’s Head Office.




PT BANK MANDIRI (PERSERO) TBK   640                                                                             641                                   ANNUAL REPORT 2024
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          CORPORATE GOVERNANCE




BOARD OF COMMISSIONERS                                                                                                                                                                                                BOARD OF COMMISSIONERS




The composition of the Board of Commissioners as of December 31, 2024, is as follows:                                                     The BOC Charter regulates the following matters:         1. The Board of Commissioners has the duties to
                                                                                                                                          1. Duties, Responsibilities and Authorities of the          supervising the interests of the Company on
Board of Commissioners Composition and Appointment Basis                                                                                     Board of Commissioners                                   the policies and management of the Board
      Name                      Position                   Basis for Appointment                           Effective Date     Period         a. Duties and Responsibilities                           of Directors, providing advice to the Board
                                                                                                                                             b. Rights and Authorities                                of Directors, and being responsible for such
M. Chatib Basri         President                    • Period 1: EGMS on 9                             29 May 2020          2024 – 2029
                                                                                                                                             c. Information Disclosure, Conflict of Interest,         supervision, in accordance with the aims and
                        Commissioner/                  December 2019
                        Independent                  • Period 2: AGMS on 7 March                                                                and Prohibition                                       objectives of the Company as stipulated in the
                                                       2024                                                                                  d. Work Ethics and Corporate Culture                     provisions of laws and regulations, articles of
Zainudin Amali* Vice President                       Period 1:                    Period 1:                                 2023 – 2028   2. Governance of Supporting Organs of the Board             association, and resolutions of the GMS.
                Commissioner/                        • Independent Commissioner:  • Independent                                              of Commissioners                                      2. The Board of Commissioners shall carry out its
                Independent                             AGMS on 14 March 2023        Commissioner:                                           a. Committees of the Board of Commissioners              duties, authorities and responsibilities in good
                                                                                     6 November 2023
                                                     • Vice President             • Vice President
                                                                                                                                             b. Secretary of the Board of Commissioners               faith and with prudential principles, and comply
                                                       Commissioner/ Independent:    Commissioner/                                        3. Meetings of the Board of Commissioners                   with the provisions of laws and regulations and
                                                       AGMS on 7 March 2024          Independent:                                            a. Meeting Provisions                                    the Articles of Association.
                                                                                     13 September 2024
                                                                                                                                             b. Meeting Participants                               3. In conducting supervision, the Board of
Loeke Larasati          Independent                  Period 1: AGMS on 19 February                     2 September 2020     2020 - 2025      c. Chairman of the Meeting                               Commissioners shall direct, monitor, and
Agoestina               Commissioner                 2020                                                                                    d. Meeting Invitation                                    evaluate the implementation of integrated
Muliadi                 Independent                  Period 1: AGMS on 10 March                        22 June 2022         2022 - 2027      e. Meeting Materials                                     gover nance, risk management, and
Rahardja                Commissioner                 2022                                                                                    f. Quorum and Meeting Decision                           compliance, as well as the Company’s
Heru Kristiyana         Independent                  Period 1: AGMS on 14 March                        21 August 2023       2023 - 2028      g. Minutes of Meeting                                    strategic policies, in line with the provisions of
                        Commissioner                 2023                                                                                 4. Working Mechanism                                        laws and regulations, Articles of Association,
Rionald Silaban         Commissioner                 Period 1: EGMS on 28 August                       12 February 2020     2024 - 2029
                                                                                                                                             a. Division of Tasks                                     and/or GMS resolutions.
                                                     2019                                                                                    b. Report                                             4. The Board of Commissioners shall receive
                                                     Period 2: AGMS on 7 March                                                               c. Commissioner’s Working Time                           and exercise the authority delegated and/
                                                     2024
                                                                                                                                             d. Document Signing                                      or granted to the Board of Commissioners in
Faried Utomo            Commissioner                 Period 1: AGMS on 19 February                     4 August 2020        2020 - 2025      e. Official Travel                                       accordance with the provisions of laws and
                                                     2020                                                                                    f. Board of Commissioners Performance                    regulations, Articles of Association, and/or GMS
Arif Budimanta          Commissioner                 Period 1: AGMS on 19 February                     4 August 2020        2020 - 2025         Evaluation                                            resolutions.
                                                     2020                                                                                 5. Others                                                5. In carrying out supervision, the Board of
Muhammad                Commissioner                 Period 1: AGMS on 15 March                        18 August 2021       2021 - 2026      a. Continuing Education                                  Commissioners is prohibited from participating
Yusuf Ateh                                           2021                                                                                    b. Change                                                in decision making on the Company’s
Tedi Bharata**          Commissioner                 Period 1: AGMS on 7 March                         30 August 2024       2024 - 2029
                                                                                                                                          6. Closing                                                  operational activities, except:
                                                     2024                                                                                                                                             a. provision of funds to related parties, in line
 *) Transfer of duties to Vice President Commissioner/Independent at the Annual GMS on 7 March 2024.                                      BOARD OF COMMISSIONERS                                          with POJK regarding the maximum limit of
 **) Appointed as Commissioner effective from the Annual GMS on 7 March 2024.                                                             DUTIES AND RESPONSIBILITIES                                     lending and large exposures for commercial
                                                                                                                                                                                                          banks, POJK regarding the maximum limit of
BOARD OF COMMISSIONERS CHARTER                                                                                                            In accordance with the BOC Charter, the duties,                 distribution of funds and distribution of large
                                                                                                                                          obligations, and responsibilities of the Board of               exposures for sharia commercial banks; and
In carrying out its duties, the Board of Commissioners refers to a working guideline known as the Board of                                Commissioners are clearly outlined to guide their           b. other matters stipulated in the Company’s
Commissioners Charter (BOC Charter), which was updated and ratified by the Decree of the Board                                            activities, and ensure that the Bank operates within            Articles of Association or the provisions of
of Commissioners No. KEP.KOM/008/2023 dated 30 November 2023. This Charter establishes structured                                         the prevailing laws and regulations. The following              laws and regulations.
and systematic work procedures. Serving as a reference for the Board of Commissioners, the BOC                                            outlines the specific duties and obligations of the
Charter is designed to guide in fulfilling the Board duties and responsibilities. The Charter is formulated                               Board of Commissioners as defined in the Charter.
in accordance with the Limited Liability Company Law, Capital Market Law, OJK Regulations, Minister
of SOE Regulations, and the Company’s Articles of Association.




PT BANK MANDIRI (PERSERO) TBK                                                642                                                                                                             643                                      ANNUAL REPORT 2024
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BOARD OF COMMISSIONERS                                                                                                                                                                       BOARD OF COMMISSIONERS




6. Decision making on the Company’s                         j. Evaluate and decide on requests from the            l. Reporting to the Financial Services Authority         o. Carry out other obligations in the context
   operational activities by the Board of                      Board of Directors relating to transactions            no later than 5 (five) business days from the             of supervisory and advisory duties, as
   Commissioners as referred to in paragraph                   that require the approval of the Board of              discovery of:                                             long as they do not conflict with laws and
   (5) is part of the supervisory duties by the                Commissioners, including proposed internal             i) Violation of the provisions of laws and                regulations, the Articles of Association, and/
   Board of Commissioners so as not to negate                  provisions that by regulation require the                   regulations in the area of finance,                  or the GMS Resolution.
   the responsibility of the Board of Directors                approval of the Board of Commissioners;                     banking, and related to the Company’s         8. The Board of Commissioners shall have a Code
   for the implementation of the Company’s                  k. Conduct active supervision and evaluation                   business activities; and/or                      of Conduct that is binding for each member
   management.                                                 of at least:                                           ii) Circumstances or estimates of                     of the Board of Commissioners.
7. In carrying out its supervisory and advisory                i) Follow-up of the Board of Directors on                   circumstances that may jeopardize the         9. In order to carry out the activities of the President
   duties as referred to in article (1), the Board                   audit findings and recommendations                    Company’s business continuity.                   Commissioner, the President Commissioner has
   of Commissioners shall be responsible to:                         from the Company’s Internal Audit Unit,       m. Ensuring the implementation of the                    the duties and responsibilities to:
   a. Ensure the implementation of effective and                     External Auditor, supervisory results of         Internal Control System both individually             a. Inviting the Board of Commissioners Meeting
       sustainable good governance;                                  the Financial Services Authority and/            and integrated. Specifically in the                       in writing which is submitted to all members
   b. Safeguard the interests of the Company                         or supervisory results of other authorities      implementation of the Internal Control                    of the Board of Commissioners by stating
       with due regard to the interests of the                       and institutions;                                System, the Board of Commissioners is also                the agenda, date, time, and place of the
       Shareholders and being responsible to the               ii) Implementation of the compliance                   responsible for:                                          meeting; and
       GMS;                                                          function;                                        i) Ensuring that the Board of Directors               b. C o o r d i n a t i n g a n d e n s u r i n g t h e
   c. Provide opinion and approval of the                      iii) Implementation of Risk Management                      prepares and maintains an adequate,                  implementation of duties and Meetings of
       Company’s Annual Work Plan and Budget,                        and Capital Management in an                          effective, and efficient Internal Control            the Board of Commissioners and Meetings of
       Sustainable Finance Action Plan, as well                      integrated manner in accordance with                  System;                                              Committees of the Board of Commissioners
       as work plans and other strategic matters                     the characteristics and complexity of            ii) Reviewing the effectiveness and                       in accordance with prevailing laws and
       prepared by the Board of Directors in                         the Financial Conglomeration business                 efficiency of the Internal Control System            regulations.
       accordance with the provisions of the                         within the Company;                                   based on information obtained from
       Articles of Association;                                iv) Effectiveness of Anti-Fraud Strategy                    the Internal Audit Unit at least once a       Duties and Responsibilities of
   d. Prepare the annual work plan and budget                        (SAF) implementation and code of                      year; and                                     President Commissioner
       of the Board of Commissioners which is an                     conduct implementation among others              iii) Appointing an independent quality
       integral part of the Company’s Annual Work                    related to Fraud prevention for all levels            controller from external parties to           Based on the BOC Charter, the duties and
       Plan and Budget;                                              of the organization;                                  review the performance of the Internal        responsibilities of the President Commissioner are
   e. Follow the development of the Company’s                  v) Implementation of Anti-Money                             Audit Unit, at least once every 3 (three)     as follows:
       activities, provide opinions and suggestions                  Laundering Program, Prevention of                     years.                                        1. Inviting to the Board of Commissioners Meeting
       to the GMS on issues deemed important                         Financing of Terrorism, and Prevention        n. In relation to the appointment of Public               in writing, submitted to all members of the
       and material to the Company.                                  of Financing of Proliferation of Weapons         Accountant (AP) and Public Accounting                  Board of Commissioners by stating the agenda,
   f. Report to the GMS for an indication of                         of Mass Destruction;                             Firm (KAP) that will perform audit services            date, time and place of the meeting.
       decline in the Company’s performance                    vi) Implementation of Remuneration                     of the Company’s Annual Financial                  2. Coordinating and ensuring the implementation
       with recommendations on the corrective                        policy;                                          Statements:                                            of duties and meetings of the Board of
       measures that must be taken;                            vii) Information Technology (IT) strategic             i) The Board of Commissioners through                  Commissioners and the Board of Commissioner’s
   g. Examine and review the periodic reports                        plan and IT governance;                               the Audit Committee conducts the                  Committee Meeting in accordance with
       and Annual Report prepared by the Board                 viii) Risk management policies and strategic                procurement process of KAP candidates             prevailing regulations.
       of Directors and sign the Annual Report;                      plans related to cybersecurity                        in accordance with the provisions on
   h. Provide explanations, opinions and                       ix) Recovery Plan and Resolution Plan and                   procurement of goods and services of
       recommendations to the GMS regarding                          updates, including approvals; and                     the Company, and if necessary, may
       the Annual Report, if requested;                        x) Implementation of the Company’s                          request the assistance of the Board of
   i. Report the implementation of supervisory                       Social & Environmental Responsibility                 Directors in the procurement process;
       duties that have been carried out during                      Program (TJSL).                                       and
       the previous fiscal year to the GMS;                                                                           ii) Propose to the GMS the appointment
                                                                                                                           of AP and KAP that will audit the
                                                                                                                           Company’s Annual Financial
                                                                                                                           Statements.



PT BANK MANDIRI (PERSERO) TBK                         644                                                                                                          645                                       ANNUAL REPORT 2024
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BOARD OF COMMISSIONERS                                                                                                                                                                                                     BOARD OF COMMISSIONERS




Board of Commissioners                                    9. Within 90 (ninety) days after the date                         Name                               Position                                                  Assignments
Rights and Authorities                                        of the temporary dismissal, the Board of
                                                                                                                   M. Chatib Basri               President Commissioner/                   • Chairman of Remuneration and Nomination Committee
                                                              Commissioners is required to hold a General                                        Independent                               • Chairman of Integrated Governance Committee
The rights and authorities of the Board of                    Meeting of Shareholders which will decide                                                                                    • Member of Audit Committee
Commissioners are as follows:                                 whether the relevant member of the Board             Zainudin Amali*               Vice President            • Member of Audit Committee
1. Providing decisions on the actions of the Board            of Directors will be permanently dismissed or                                      Commissioner/ Independent • Member of Integrated Governance Committee
   of Directors as stipulated in the Company’s                returned to his position, where he is given the
                                                                                                                   Loeke Larasati                Independent Commissioner                  • Member of Audit Committee
   Articles of Association.                                   opportunity to attend and defend himself.            Agoestina                                                               • Member of Risk Oversight Committee
2. Each Commissioner, collectively or individually        10. Approving the appointment and dismissal                                                                                      • Member of Integrated Governance Committee
   at any time has the right to enter the buildings           of the Corporate Secretary and Head of               Muliadi Rahardja              Independent Commissioner                  •   Chairman of Risk Oversight Committee
   and areas or other places used or controlled               the Company’s Internal Audit Unit which is                                                                                   •   Member of Audit Committee
   by the Company and has the right to examine                proposed by the Directors and recommended                                                                                    •   Member of Remuneration and Nomination Committee
                                                                                                                                                                                           •   Member of Integrated Governance Committee
   books, letters of evidence, inventories goods,             by the Audit Committee.
   examine and match the cash situation for               11. Conducting other supervisory authorities as          Heru Kristiyana               Independent Commissioner                  • Chairman of Audit Committee
                                                                                                                                                                                           • Member of Risk Oversight Committee
   verification and securities purposes as well as            long as they do not conflict with the laws and
                                                                                                                                                                                           • Member of Integrated Governance Committee
   to know all actions taken by the Directors.                regulations, the Articles of Association, and/
3. Actions in such cases as mentioned in                      or GMS Decree.                                       Rionald Silaban               Commissioner                              • Member of Remuneration and Nomination Committee
   paragraph (2) shall be carried out in the                                                                       Faried Utomo                  Commissioner                              • Member of Remuneration and Nomination Committee
   capacity of the Board of Commissioners and             BOARD OF COMMISSIONERS
   shall be reported at the Board of Commissioners        OVERSIGHT DUTIES                                         Arif Budimanta                Commissioner                              • Member of Risk Oversight Committee
                                                                                                                                                                                           • Member of Remuneration and Nomination Committee
   meeting on such actions.                               ASSIGNMENT
                                                                                                                   Muhammad Yusuf                Commissioner                              Member of Remuneration and Nomination Committee
4. If deemed necessary, the Board of
                                                                                                                   Ateh
   Commissioners has the right to request the             To enhance the effectiveness of the Board of
   assistance of experts in carrying out their duties     Commissioners in fulfilling its functions and duties,    Tedi Bharata**                Commissioner                              • Member of Risk Oversight Committee
                                                                                                                                                                                           • Member of Remuneration and Nomination Committee
   for a limited period at the Company’s expense.         specific roles have been assigned to each
                                                                                                                   *) Transfer of duties to Vice President Commissioner/Independent at the Annual GMS on 7 March 2024.
5. Each Commissioner has the right to request             member. These assignments are made without               **) Appointed as Commissioner effective from the Annual GMS on 7 March 2024.
   an explanation of all matters from the Board           diminishing the rights, obligations, responsibilities,
   of Directors as well as from all levels below it,      or authority of any individual member in carrying
   and the Board of Directors must provide an             out their roles. The assigned duties are as follows:     DECISION REQUIRING THE APPROVAL OF
   explanation.                                                                                                    THE BOARD OF COMMISSIONERS
6. Each Commissioner has the right to attend
   meetings held by the Directors or subordinate                                                                   The decisions that require the approval of the                                   1. Releasing/transferring and/or pledging the
   units without participating in the decision                                                                     Board of Commissioners are stipulated in the                                        Company’s assets with criteria and values
   making.                                                                                                         Company’s Articles of Association and the Board                                     exceeding a certain amount determined
7. The Board of Commissioners with the most votes                                                                  of Commissioners Decree No. KEP.KOM/004/2020                                        by the Board of Commissioners, taking into
   at any time have the right to temporarily dismiss                                                               dated 26 November 2020 concerning the                                               account legislation in the capital market and
   one or more members of the Board of Directors,                                                                  Determination of the Limitations of Actions of the                                  banking sector for a nominal value of Rp200
   if proven to be acting contrary to the Articles                                                                 Board of Directors of PT Bank Mandiri (Persero)                                     billion to Rp500 billion.
   of Association or proven to have neglected                                                                      Tbk that must obtain written approval from
   their obligations or there is an urgent reason                                                                  the Board of Commissioners and Dwiwarna A
   for the Company.                                                                                                Series Shareholders, and the GMS. The decisions
8. The temporary termination must be notified in                                                                   that need to be approved by the Board of
   writing to the person concerned along with the                                                                  Commissioners include:
   reasons for the action.




PT BANK MANDIRI (PERSERO) TBK                           646                                                                                                                                647                                         ANNUAL REPORT 2024
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BOARD OF COMMISSIONERS                                                                                                                                                                            BOARD OF COMMISSIONERS




2. Establishing cooperation with business entities       BOARD OF COMMISSIONERS                                CRITERIA FOR THE BOARD OF                                         BOARD OF COMMISSIONERS
   or other parties, in the form of joint operations     TENURE                                                COMMISSIONERS MEMBERS                                             NOMINATION AND
   (KSO), business cooperation (KSU), licensing                                                                                                                                  SELECTION PROCESS
   cooperation, Build-Operate and Transfer (BOT),        Pursuant to the Company’s Articles of Association,    The Board of Commissioners shall meet the
   Build-Owned Ownership (Build, Operate and             members of the Board of Commissioners are             criteria as stipulated by OJK Regulation No. 33/                  In accordance with the Articles of Association,
   Own/BOO) and other agreements having the              appointed and dismissed by GMS. The GMS is            POJK.04/2014 as follows:                                          members of the Board of Commissioners are
   same nature, the term of which or the value           attended by shareholders of Series A Dwiwarna         1. Having good character, morals, and integrity;                  appointed and dismissed by the GMS, for a
   exceeds the value determined by the Board             Share and the resolutions of the meeting must be      2. Being competent in performing legal acts;                      period of 5 (five) years effective from the date
   of Commissioners for a nominal of Rp200 billion       approved by the shareholders. Members of the          3. Within 5 (five) years prior to appointment or                  of GMS appointment. Members of the Board of
   to Rp500 billion and a period of 5-10 years.          Board of Commissioners are appointed by the               during the office, he/she:                                    Commissioners whose office terms are expired may
3. Conducting capital participation, releasing           GMS from the candidates proposed by the GMS,              a. is never declared bankrupt;                                be reappointed by the GMS.
   capital participation including changes               from the candidates proposed by shareholders of           b. never becomes a member of the Board of
   in capital structure with a certain value             series A Dwiwarna, and the candidacy is binding               Directors and/or member of the Board of                   The procedure for the appointment of Bank Mandiri
   determined by the Board of Commissioners              to the GMS.                                                   Commissioners who is declared as guilty                   Board of Commissioners refers to OJK Regulation
   of other companies, subsidiaries and joint                                                                          and causes a company to be declared                       No. 33/POJK.04/2014 on the Board of Directors
   ventures that are not in the framework of saving      The GMS resolutions on the appointment and                    as bankrupt;                                              and Board of Commissioners of Issuers or Public
   receivables, by taking into account provisions        dismissal of members of the Board of Commissioners        c. is never penalized for committing a criminal               Companies and SOE Minister Regulation No. PER-11/
   in the Capital Market for a nominal value of          also decide the time for the appointment and                  act which causes adverse impact to the                    MBU/07/2021 on Requirements and Procedures for
   Rp150 billion to Rp200 billion.                       dismissal. In the event that GMS does not make                country’s finance and/or to anything                      Appointment and Dismissal of Members of the Board
4. Establishing a subsidiary and/or joint venture        the decision, the appointment and dismissal of                related to financial sector; and                          of Commissioners and Supervisory Board of State-
   of a certain value determined by the Board            members of the Board of Commissioners are                 d. never becomes a member of the Board of                     Owned Enterprises as amended by SOE Minister
   of Commissioners by taking into account               effective as of the closing of GMS by observing               Directors and/or member of the Board of                   Regulation No. PER-7/MBU/09/2022 on Requirements
   legislation in the Capital Market for a nominal       the laws and regulations.                                     Commissioners who, during his/ her tenure:                and Procedures for Appointment and Dismissal of
   value of Rp150 billion to Rp200 billion.                                                                            i) failing to holding Annual GMS;                         Board Members Commissioner and Supervisory
5. Proposing representatives of the Company to           Members of the Board of Commissioners are                     ii) having his/her accountability as a                    Board of State-Owned Enterprises, and last amended
   become prospective members of the Board               appointed for a period of time as of the date                      member of the Board of Directors and/or              with SOE Minister Regulation No. PER-3/MBU/03/2023
   of Directors and Board of Commissioners of            determined by GMS, which appointed them, and                       members of the Board of Commissioners                concerning Organs and Human Resources of State-
   subsidiaries that make significant contributions      expired on the closing of the 5th (five) Annual                    not accepted by the GMS or not giving                Owned Enterprises. The procedures for appointing
   to the Company and/or strategic values                GMS following the date of their appointment,                       accountability as a member of the                    the Board of Commissioners include:
   according to the Limits and/or criteria set by        provided that it may not exceed the 5 (five) year                  Board of Directors; and/or members                   1. Sources of candidates for the Board of
   the Board of Commissioners.                           period, by observing the laws and regulations of                   of the Board of Commissioners to the                     Commissioners/Board of Commissioners of SOEs
6. Joining, merging, taking over, separation and         the Capital Market, however without prejudice to                   GMS; and                                                 come from:
   dissolution of subsidiaries and joint ventures        the rights of GMS to dismiss members of the Board             iii) having caused the companies which                        a. Former Director of SOEs.
   with a certain value determined by the Board          of Commissioners at any time prior to their tenures                obtains permission, approval, and                        b. Board of Commissioners/Supervisory Board
   of Commissioners by observing the laws and            expire. Following the end of tenure, members of                    registration from Financial Services                        of SOEs.
   regulations in the Capital Market for a nominal       the Board of Commissioners may be reappointed                      Authority to fail in fulfilling their obligation         c. Structural Officials and Government
   value of Rp150 billion to Rp200 billion.              by the GMS for one tenure.                                         to submit annual report and/or Financial                    Functional Officials.
                                                                                                                            Services Authority.                                      d. Other sources.
                                                                                                                   e. has commitment to comply to the laws and                   2. The GMS/Minister may determine candidates
                                                                                                                       regulations;                                                  who have been declared to meet the formal
                                                                                                                   f. has knowledge and/or expertise in the fields                   requirements and other requirements and
                                                                                                                       required by the Company; and                                  have been assessed with the criteria of
                                                                                                                   g. fulfilling other specified requirements.                       ‘Recommended’ to become members of the
                                                                                                                                                                                     Board of Commissioners/Supervisory Board of
                                                                                                                                                                                     SOEs.
                                                                                                                                                                                 3. For certain SOEs, the determination of a
                                                                                                                                                                                     person to be a member of the SOEs Board
                                                                                                                                                                                     of Commissioners/Supervisory Board can be
                                                                                                                                                                                     done after being declared to have passed
                                                                                                                                                                                     the assessment in accordance with sectoral
                                                                                                                                                                                     regulations.

PT BANK MANDIRI (PERSERO) TBK                          648                                                                                                                 649                                   ANNUAL REPORT 2024
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BOARD OF COMMISSIONERS                                                                                                                                                                        BOARD OF COMMISSIONERS




4. In the event that the determination of members         10. In the event that the person concerned does        18. Members of the Board of Commissioners/                4. In the event that the Minister does not give
   of the SOEs Board of Commissioners/Supervisory             not resign within the period as stipulated in          Supervisory Board of SOEs shall take office               notice, the Minister by this Ministerial Regulation
   Board is carried out before the Fit and Proper             the laws and regulations, his/her position as          effectively from the date of submission of the            authorizes with the right of substitution to the
   Test in accordance with sectoral provisions, the           a member of the Board of Commissioners/                resolution or the date stipulated in the circular         Deputy to make such notification.
   actions, duties, and functions as members of               Supervisory Board of SOEs ends at that time            resolution of the Minister/GMS/all shareholders.      5. The Deputy may authorize the Sector Deputy
   the SOEs Board of Commissioners/Supervisory                limit.                                                                                                           Assistant and the Deputy Assistant to make
   Board are counted from the moment they are             11. In the event that the appointment decision is      The process of nominating and selecting                       such notices.
   declared to have passed the Fit and Proper                 made by Ministerial Decree or the decision of      the Board of Commissioners is carried out                 6. The decision to dismiss on grounds other than
   Test in accordance with sectoral provisions.               all shareholders circularly, after the decision    through the proposal of the members of the                    being found guilty by a court decision that has
5. Members of the SOEs Board of Commissioners/                is determined, the Deputy processes the            Board of Directors to the GMS by taking into                  permanent legal force and resign is taken after
   Supervisory Board of as referred to in paragraph           submission of the decision letter to the elected   account the recommendations of the Board                      the person concerned is given the opportunity
   (3) have a term of office effective since                  members of the Board of Commissioners/             of Commissioners and the Remuneration and                     to defend himself.
   determined by the GMS/Minister.                            Supervisory Board of SOEs.                         Nomination Committee. Prior to the discussion             7. Self-defense may be given directly upon
6. In the event that a member of the Board                12. In the submission process as referred to in        on the appointment and dismissal of the Board                 notification to the notifying official.
   of Commissioners/Supervisory Board of                      paragraph (10), the Deputy Minister or Deputy      of Commissioners in the GMS, information was              8. In the case of oral notification and self-defense,
   a particular SOE is declared not to have                   is assisted by primary high leadership officials   provided on the profiles of new and reappointed               it is carried out face-to-face and evidenced
   passed the Fit and Proper Test in accordance               responsible for law, Assistant Deputies, and       candidates for the Board of Commissioners.                    by minutes signed by members of the Board
   with sectoral provisions, the GMS/Minister                 Assistant Deputy Sectors.                                                                                        of Commissioners/Supervisory Board of SOEs
   may dismiss the member of the Board of                 13. After the submission is made, all documents        BOARD OF COMMISIONERS                                         concerned and the notifying official.
   Commissioners/Supervisory Board of SOEs by                 are submitted to the Deputy for administration.    DISMISSAL MECHANISMS                                      9. If the member of the Board of Commissioners/
   taking into account sectoral provisions.               14. In the case of adoption to be prescribed in                                                                      Supervisory Board of SOEs concerned is not
7. The determination of a person to be a member               the GMS, the presentation of the results of the    The resignation and dismissal mechanism of the                willing to sign the minutes then the reason is
   of the SOEs Board of Commissioners/Supervisory             assessment to the Minister accompanied by a        Board of Commissioners under the SOE Minister                 stated in the minutes of the event.
   Board can be done by:                                      letter of designation of the candidate and a       Regulation No. PER-3/MBU/03/2023 concerning               10. In the event that notification is made at the
   a. Decision of the Minister as GMS/owner of                power of attorney to attend and take decisions     Organs and Human Resources of State-Owned                     GMS, self-defense is carried out at the GMS in
       capital when the entire share/capital of               in the GMS.                                        Enterprises, are as follows:                                  accordance with the provisions of self-defense
       SOE is owned by the State; Or                      15. After the GMS is held, all documents are           1. The Minister/Deputy Minister can evaluate the              as stipulated in the law regarding limited liability
   b. The decision of the GMS or the decision of              submitted to the Deputy for administration.           members of the SOEs Board of Commissioners/                companies.
       all shareholders is circular if not all shares     16. The administrative process by the Deputy as           Supervisory Board prior to dismissing members of       11. In the process of dismissing members of
       are owned by the State.                                referred to in paragraph (12) and paragraph           the SOEs Board of Commissioners/ Supervisory               the Board of Commissioners/Supervisory
8. For Public Companies, the curriculum vitae                 (14) includes documentation of the                    Board.                                                     Board of SOEs, the Minister may request the
   of prospective members of the SOEs Board                   appointment and assessment process.                2. The results of the Minister/Deputy Minister’s              consideration of the Deputy Minister, Deputy
   of Commissioners who will be proposed for              17. Members of the Board of Commissioners/                evaluation of members of the SOEs Board of                 and/or Secretary of the Ministry.
   appointment at the GMS must be available                   Supervisory Board of Elected SOEs sign a              Commissioners/ Supervisory Board are further           12. The determination of the dismissal of members
   and announced at the GMS prior to making                   statement letter containing the ability to            processed by the Deputy by submitting the                  of the SOEs Supervisory Board is carried out by
   a decision regarding the appointment of the                carry out their duties properly and are willing       draft Ministerial Decree/GMS regarding the                 Ministerial Decree.
   person concerned as a member of the Board                  to be dismissed at any time based on the              dismissal of members of the SOEs Board of
   of Commissioners of SOEs.                                  consideration of the Minister/GMS, as stated          Commissioners/ Supervisory Board to obtain
9. Prior to being appointed as a member of the                in Annex VII which is an integral part of this        determination.
   Board of Commissioners/Supervisory Board                   Ministerial Regulation.                            3. The plan to dismiss a member of the SOEs Board
   of SOEs, the person concerned must sign a                                                                        of Commissioners/Supervisory Board prior to the
   statement letter resigning from other positions                                                                  end of his/her term of office must be notified
   that are prohibited from concurrently serving                                                                    in advance to the member of the Board of
   as members of the Board of Commissioners/                                                                        Commissioners/ Supervisory Board of SOEs
   Supervisory Board of SOEs starting from the                                                                      concerned orally or in writing by the Minister.
   moment the person concerned is appointed
   as a member of the Board of Commissioners/
   Supervisory Board.




PT BANK MANDIRI (PERSERO) TBK                           650                                                                                                          651                                       ANNUAL REPORT 2024
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BOARD OF COMMISSIONERS                                                                                                                                                                        BOARD OF COMMISSIONERS




13. The determination of the dismissal of members          BOARD OF COMMISIONERS                                 In accordance with SOE Minister Regulation No.            Referring to the Article 14 paragraph (26) letter
    of the SOEs Board of Commissioners can                 RESIGNATION MECHANISMS                                PER-3/MBU/03/2023 concerning Organs and                   of the Bank’s Articles of Association, the tenure of
    be done by Ministerial Decree as the GMS,                                                                    Human Resources of State-Owned Enterprises                member of the Board of Commissioners is ended
    GMS resolution, and circular decisions of all          The resignation mechanism of the Board of             Article 70:                                               if no longer meet the requirements as member of
    shareholders.                                          Commissioners based on the Articles of Association,   1. The position of a member of the Board of               the Board of Commissioners based on the Articles
14. In the event that the determination of                 are as follows:                                           Commissioners/Supervisory Board of SOEs               of Association and other laws and regulations.
    the dismissal of members of the Board of               1. A member of the Board of Commissioners has             ends if:                                              In the event that a member of the Board of
    Commissioners/Supervisory Board of SOEs is                the right to resign from the position prior to         a. passed-away;                                       Commissioners is resigning including if involved in
    carried out by Ministerial Decree or circular             the end of tenure by notifying in writing of the       b. his/her term of office expired;                    the financial crime, hence a concerned member
    decision of all shareholders, the Deputy                  purpose to the Company.                                c. dismissed based on the decision of the             of the Board of Commissioners shall inform in
    processes the draft Ministerial Decree or the          2. The Company shall convene the GMS to                       GMS/Minister; and/or                              writing regarding his/her intention to the Bank,
    decision of all shareholders circularly.                  resolve the resignation request of member              d. no longer meets the requirements                   and the Bank shall convene the GMS to take
15. In the event that the determination of                    of the Board of Commissioners at the latest                as a member of the SOEs Board of                  decision on the resignation of a member of the
    dismissal of members of the SOEs Board of                 90 (ninety) days after the acceptance of the               Commissioners/Supervisory Board based on          Board of Commissioners within 90 days after the
    Commissioners/ Supervisory Board is carried               resignation letter.                                        the provisions of the articles of association     acceptance of the resignation.
    out in the GMS offline and/or online and the           3. The Company shall implement disclosure of                  and laws and regulations, including
    Minister cannot attend the GMS in person, the             information to the public and to convey to                 concurrent positions that are prohibited.         BOARD OF COMMISSIONERS
    Minister authorizes with the right of substitution        the OJK at the latest 2 (two) days after the       2. The term of office ends as referred to in              AFFILIATES RELATIONSHIP
    to the Deputy Minister to attend and make                 acceptance of the resignation request from             paragraph (1) point b including resigning from
    decisions at the GMS.                                     member of the Board of Commissioners.                  office.                                               Affiliation refers to the relationships between
16. The Deputy Minister may authorize the Assistant        4. Prior to the effective of the resignation, the     3. In the event that the position of a member of          members of the Board of Commissioners, Board of
    Deputy Sector to attend and make decisions                said member of the Board of Commissioners              the SOEs Board of Commissioners/Supervisory           Directors, and the Main/Controlling Shareholders
    at the GMS.                                               remains to carry out the obligation to complete        Board ends for reasons as referred to in              of the Company, which may arise from family
17. The Minister may authorize the Deputy and/or              the duties and responsibilities according to           paragraph (1) letter a, letter b, and letter d        ties, business interests, or professional associations.
    Secretary of the Ministry to attend and take              the Articles of Association and the laws and           then:                                                 Disclosing these affiliations is aimed to prevent
    decisions at the GMS.                                     regulations.                                           a. The Deputy shall convey information                conflicts of interest and ensure the independence
18. As long as the dismissal is still in process, the      5. The resigning member of the Board of                       regarding the situation to the Minister and       and objectivity of the Board of Commissioners in
    members of the Board of Commissioners/                    Commissioners may still be requested for                   at the same time process the dismissal            carrying out its oversight duties.
    Supervisory Board of SOEs concerned must                  responsibilities as a member of the Board of               in accordance with the provisions of this
    continue to carry out their duties as they should.        Commissioners until the date of the approval               Ministerial Regulation; and                       The following are criteria of affiliate relationship
19. The dismissal of members of the Board of                  by the GMS.                                            b. The expiration of the position of members          among members of the Board of Commissioners:
    Commissioners/Supervisory Board of SOEs                6. The release of responsibilities to the resigning           of the SOEs Board of Commissioners/               1. Affiliations among members of the Board of
    can be processed simultaneously with the                  member of the Board of Commissioners shall                 Supervisory Board is confirmed by a                  Directors and Board of Commissioners.
    process of appointing members of the Board                be provided after the release from the Annual              Ministerial decree or GMS.                        2. Affiliations among the Board of Commissioners
    of Commissioners/Supervisory Board of the                 GMS.                                                                                                            members; and
    relevant SOEs.                                         7. In the event that the resignation of a member      POLICIES RELATED TO THE                                   3. Affiliations among the Board of Commissioners
20. The dismissal of members of the SOEs Board of             of the Board of Commissioners resulting in         RESIGNATION OF THE BOARD                                     members with Ultimate and/or Controlling
    Commissioners/Supervisory Board is effective              the reduction of numbers of member of the          OF COMMISSIONERS GETTING                                     Shareholders.
    from the date stipulated in the Ministerial               Board of Commissioners to less than 3 (three),     INVOLVED IN FINANCIAL CRIME
    Decree/GMS/all shareholders circularly.                   such resignation shall be valid upon the GMS
                                                              stipulation and a new member has been              Bank Mandiri has in place the policy on resignation
                                                              appointed, hence to meet the minimum               of member of the Board of Commissioners when
                                                              requirement of member of the Board of              involved in financial crime as stated in the Bank’s
                                                              Commissioners.                                     Articles of Association, namely the tenure of
                                                                                                                 the Board of Commissioners is ended upon the
                                                                                                                 violations of laws and regulations and upon
                                                                                                                 resignation.




PT BANK MANDIRI (PERSERO) TBK                            652                                                                                                         653                                      ANNUAL REPORT 2024
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BOARD OF COMMISSIONERS                                                                                                                                                                                               BOARD OF COMMISSIONERS




The affiliate relationships of the Board of Commissioners are illustrated in the following table:                                          Concurrent Positions                                    4. Within a period of no later than 7 (seven) days
                                                          Financial, Family, and Commissioners Management Relations                                                                                   from the date of known the position holder as
                                                                                                                                           1. The SOEs Board of Commissioners/Supervisory             referred to in paragraph (1) and paragraph
                                                   Financial Relations With                        Family Relations With
                                                                                                                                              Board may concurrently serve as the Board               (2), other members of the SOEs Board of
    Name                  Position                                       Controlling                              Controlling Management      of Commissioners in other business entities,            Commissioners/Supervisory Board concerned
                                                BOC          BOD                             BOC        BOD
                                                                        Shareholders                             Shareholders  Relations      provided that it refers to the provisions of            or members of the Board of Directors of SOEs,
                                              Yes No Yes No              Yes         No    Yes No Yes No          Yes      No   Yes   No      sectoral laws and regulations.                          must submit a notification to the GMS/Minister
                                                                                                                                           2. The SOEs Board of Commissioners/Supervisory             regarding the position dispute, for further
                   President
M. Chatib                                                                                                                                     Board who concurrently serves as the Board              termination of the process of determining
                   Commissioner/                      √            √                 √             √         √             √          √
Basri
                   Independent                                                                                                                of Commissioners in other business entities as          dismissal.
                                                                                                                                              referred to in paragraph (1) must meet the           5. Legal acts committed for and on behalf
                   Vice President
Zainudin                                                                                                                                      percentage of attendance at meetings of                 of SOEs by members of the SOEs Board of
                   Commissioner/                      √            √                 √             √         √             √          √
Amali*
                   Independent                                                                                                                the SOEs Board of Commissioners/Supervisory             Commissioners/ Supervisory Board after
Loeke                                                                                                                                         Board for 1 (one) year of at least 75% (seventy-        they expire due to the law as referred to in
                   Independent
Larasati                                              √            √                 √             √         √             √          √       five percent) of attendance, as a requirement           paragraph (3) are invalid and become the
                   Commissioner
Agoestina                                                                                                                                     to obtain Tantiem/Performance Incentives/               personal responsibility of the members of the
Muliadi            Independent                                                                                                                Special Incentives for those concerned.                 SOEs Board of Commissioners/ Supervisory
                                                      √            √                 √             √         √             √          √
Rahardja           Commissioner                                                                                                                                                                       Board concerned.
Heru               Independent                                                                                                             Prohibition of Concurrent Positions                     6. The provisions referred to in paragraph (5) do
                                                      √            √                 √             √         √             √          √
Kristiyana         Commissioner                                                                                                                                                                       not diminish the responsibility of the members
                                                                                                                                           1. Members of the SOEs Board of Commissioners/             of the Board of Commissioners/Supervisory
Rionald
                   Commissioner                       √            √                 √             √         √             √          √       Supervisory Board of are prohibited from                Board of SOEs concerned for the losses of
Silaban
                                                                                                                                              holding concurrent positions as members of              SOEs caused by the mistakes or negligence
Faried
                   Commissioner                       √            √                 √             √         √             √          √       the Board of Commissioners/Supervisory Board            of the members of the Board of Commissioners/
Utomo
                                                                                                                                              of SOEs, except based on special assignment             Supervisory Board of SOEs concerned in
Arif
                   Commissioner                       √            √                 √             √         √             √          √       from the Minister.                                      carrying out their duties.
Budimanta
                                                                                                                                           2. Members of the Board of Commissioners/               7. If the members of the SOEs Board of
Muhammad                                                                                                                                      Supervisory Board are prohibited from holding           Commissioners/Supervisory Board consist
           Commissioner                               √            √                 √             √         √             √          √
Yusuf Ateh
                                                                                                                                              concurrent positions as members of the Board            of 2 (two) members of the SOEs Board of
Tedi                                                                                                                                          of Directors at SOEs, other business entities           Commissioners/Supervisory Board or more,
                   Commissioner                       √            √       √                       √         √             √          √
Bharata**
                                                                                                                                              or occupying positions that under laws and              the responsibilities as referred to in paragraph
 *) Transfer of duties to Vice President Commissioner/Independent at the Annual GMS on 7 March 2024.
 **) Appointed as Commissioner effective from the Annual GMS on 7 March 2024.
                                                                                                                                              regulations are prohibited from concurrently            (6), jointly apply to each member of the SOEs
                                                                                                                                              holding the positions of members of the                 Board of Commissioners/Supervisory Board.
                                                                                                                                              Board of Commissioners/Supervisory Board of
                                                                                                                                              SOEs, or positions that may cause a conflict         In addition, the Company’s Articles of Association
BOARD OF COMMISSIONERS CONCURRENT POSITION                                                                                                    of interest with the relevant SOEs, and sign         also regulates the concurrent position of the
                                                                                                                                              a statement letter willing to resign from the        Board of Commissioners policy. The Board of
The concurrent positions of the Board of Commissioners have been regulated Based on SOE Minister                                              position if elected as a member of the Board         Commissioners shall be prohibited from having
Regulation No. PER-3/MBU/03/2023 concerning Organs and Human Resources of State-Owned Enterprises                                             Commissioner/Supervisory Board of SOEs.              concurrent positions as:
and OJK Regulation No. 17 of 2023 concerning the Implementation of Governance for Commercial                                               3. The term of office of members of the SOEs            1. Member of the Board of Directors at SOEs,
Banks, as follows:                                                                                                                            Board of Commissioners or the Supervisory                Regionally-Owned Enterprises, and private
                                                                                                                                              Board who hold concurrent positions as                   enterprises.
                                                                                                                                              referred to in paragraph (1) and paragraph           2. Committee of political party and/or candidate/
                                                                                                                                              (2), expires by law since other members of               member of the House of Representative, House
                                                                                                                                              the SOEs Board of Commissioners/Supervisory              of Regional Representative, Regional People’s
                                                                                                                                              Board concerned or members of the Board                  House of Representative Level I and II, and/or
                                                                                                                                              of Directors or GMS/Minister become aware                candidate of regional head/vice head.
                                                                                                                                              of the position conflict as intended.



PT BANK MANDIRI (PERSERO) TBK                                                  654                                                                                                           655                                    ANNUAL REPORT 2024
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BOARD OF COMMISSIONERS                                                                                                                                                                                                         BOARD OF COMMISSIONERS




3. Other positions pursuant to the applicable laws and regulations.                                                                                MANAGEMENT OF THE BOARD OF COMMISSIONER’S CONFLICTS OF
4. Concurrent positions that may cause a conflict of interest.                                                                                     INTEREST
Bank Mandiri’s Board of Commissioners has disclosed members’ concurrent positions and does not                                                     The management of conflict-of-interest for the Board of Commissioners is regulated in the BOC Charter
have concurrent positions outside those permitted by applicable regulations and can cause conflict                                                 as follows:
of interest which is prohibited by regulations.                                                                                                    1. Pursuant to laws and regulations, each Commissioner shall maintain the information by keeping it
                                                                                                                                                       confidential including provisions on insider trading and other information that the Company has not
The following table describes the concurrent position of the Board of Commissioners.                                                                   disclosed to the public.
                                                                                                                                                   2. Each Commissioner shall disclose:
                                                                                                                                                       a. Ownership of shares in the Company and in other companies domestically or abroad.
                                                                Position in Other                          Name of Other Companies/
       Name                        Position                                                                                                            b. Financial and family relationships with other members of the Board of Commissioners and members
                                                              Companies/Institutions                              Institutions
                                                                                                                                                           of the Board of Directors and their families.
M. Chatib Basri           President                       President Commissioner/                      PT XL Axiata Tbk                                c. Other information related to laws and regulations must be disclosed to the public.
                          Commissioner/                   Independent
                          Independent                                                                                                              3. The Board of Commissioners is prohibited from being involved in making decisions related to banking
                                                          Lecturer in Economics                        University of Indonesia                         operational activities and/or making decisions that may cause conflicts of interest.
                                                          Member                                       National Economic Board of RI (DEN)         4. The Board of Commissioners in carrying out its duties, responsibilities and authority is prohibited from
                                                                                                                                                       using the Company for personal, family, other companies or certain parties’ interests in a manner
Zainudin Amali*           Vice President                  Vice Chairman 1                              Indonesia Football Association (PSSI)
                                                                                                                                                       that is contrary to the laws and regulations and the Company’s code of ethics.
                          Commissioner/
                          Independent                     Lecturer                                     Semarang State University

                                                          Lecturer                                     Surabaya State University
                                                                                                                                                   BOARD OF COMMISSIONERS SHARE OWNERSHIP
                                                          Lecturer                                     Prof. Dr. Moestopo University (Religious)   Based on POJK 17/2023 Article 57 letter a, the Board of Commissioners has disclosed share ownership
Loeke Larasati            Independent                     -                                            -                                           of 5% (five percent) or more, either in the Bank concerned or in other banks and/or companies, both
Agoestina                 Commissioner                                                                                                             domestically and internationally. The share ownership of Bank Mandiri’s Board of Commissioners is
Muliadi Rahardja Independent                              -                                            -                                           described in the table below.
                 Commissioner

Heru Kristiyana           Independent                     President Director                           Indonesia Banking Development
                                                                                                                                                   Board of Commissioners Share Ownership as of 31 December 2024
                          Commissioner                                                                 Institution (LPPI)                                                                                               Share Ownership
                                                          Independent Commissioner                     PT Sarana Meditama Metropolitan Tbk                                                           Bank Mandiri
                                                                                                                                                   No.         Name             Position                                       Non-Bank
                                                                                                                                                                                                                         Other                Other
Rionald Silaban           Commissioner                    Director General of State                    Ministry of Finance RI
                                                                                                                                                                                                  Total                         Financial
                                                          Treasury                                                                                                                                           % Ownership Banks              Companies
                                                                                                                                                                                                 Shares                        Institutions
Faried Utomo              Commissioner                    Senior Archivist Expert at                   Ministry of State Secretariat of the
                                                          the Center for Data and                      Republic of Indonesia                       1.    M. Chatib Basri    President                       Nil                Nil        Nil             Nil
                                                          Information Technology                                                                                            Commissioner/
                                                                                                                                                                            Independent
Arif Budimanta            Commissioner                    The President’s Special Staff                Team of the President of the Republic of
                                                          for Micro Economics/MSME                     Indonesia
                                                                                                                                                   2.    Zainudin Amali*    Vice President                  Nil                Nil        Nil             Nil
                                                                                                                                                                            Commissioner/
Muhammad                  Commissioner                    Chairman                                     Financial and Development Supervisory                                Independent
Yusuf Ateh                                                                                             Agency
                                                                                                                                                   3.    Loeke Larasati     Independent                     Nil                Nil        Nil             Nil
Tedi Bharata**            Commissioner                    Deputy of Human Resources,                   SOE Ministry of the Republic of Indonesia         Agoestina          Commissioner
                                                          Technology and Information
                                                                                                                                                   4.    Muliadi Rahardja   Independent                     Nil                Nil        Nil             Nil
 *) Transfer of duties to Vice President Commissioner/Independent at the Annual GMS on 7 March 2024.                                                                        Commissioner
 **) Appointed as Commissioner effective from the Annual GMS on 7 March 2024.
                                                                                                                                                   5.    Heru Kristiyana    Independent                     Nil                Nil        Nil             Nil
                                                                                                                                                                            Commissioner

                                                                                                                                                   6.    Rionald Silaban    Commissioner        3,430,200         0.0036752%   Nil        Nil             Nil

                                                                                                                                                   7.    Faried Utomo       Commissioner        3,116,400         0.0036752%   Nil        Nil             Nil




PT BANK MANDIRI (PERSERO) TBK                                                 656                                                                                                                    657                                        ANNUAL REPORT 2024
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BOARD OF COMMISSIONERS                                                                                                                                                                                                                            BOARD OF COMMISSIONERS




                                                                                                 Share Ownership                                                                                                                        Independent Commissioners

                                                                          Bank Mandiri                                                           Criteria for Independent Commissioner                                                              Loeke
 No.            Name                       Position                                                   Non-Bank                                                                                                       M. Chatib         Zainudin                Muliadi    Heru
                                                                                                Other                Other                                                                                                                         Larasati
                                                                    Total                              Financial                                                                                                       Basri            Amali*                Rahardja Kristiyana
                                                                                    % Ownership Banks              Companies                                                                                                                      Agoestina
                                                                   Shares                             Institutions
                                                                                                                                         Shall not become the person who works, has the
8.      Arif Budimanta              Commissioner                  3,116,400            0.0033390%              Nil           Nil   Nil   authority over, or has responsibility to plan, lead,
                                                                                                                                         control, or monitor the Bank’s activities in the last 6 (six)                     √                √         √          √          √
9.      Muhammad Yusuf              Commissioner                  2,673,600            0.0028646%              Nil           Nil   Nil   months except for reappointment as an Independent
        Ateh                                                                                                                             Commissioner of Public Company for the next period.
10.     Tedi Bharata**              Commissioner                    30,300             0.0000325%              Nil           Nil   Nil
                                                                                                                                         Shall not have shares either directly or indirectly in the
                                                                                                                                                                                                                           √                √         √          √          √
 *) Transition of assignment to become Vice President Commissioner based on the resolution of the Annual GMS 7 March 2024.               Issuer or the Public Company.
 **) Serves effective as of the resolution of the Annual GMS 7 March 2024.
                                                                                                                                         Shall not have affiliate relationship with the Issuer or
                                                                                                                                         the Public Company, BOC member, BOD member,
DISCLOSURE OF SHARE                                                               In compliance with OJK Regulation No. 17 of 2023
                                                                                                                                         or majority shareholders of the Issuer or the Public
                                                                                                                                         Company.
                                                                                                                                                                                                                           √                √         √          √          √

OWNERSHIP OF MEMBERS OF                                                           and OJK Circular No. 13/SEOJK.03/2017 on the
THE BOARD OF DIRECTORS AND                                                        Implementation of Good Corporate Governance            Shall not have any business relationship either directly

BOARD OF COMMISSIONERS                                                            for Commercial Banks, the composition of the
                                                                                                                                         or indirectly in the Issuer or the Public Company.                                √                √         √          √          √
                                                                                                                                         *) Transfer of duties to Vice President Commissioner/Independent at the Annual GMS on March 7, 2024.
                                                                                  Board of Commissioners must consist of at least 50%
In line with POJK No. 4 of 2024 concerning Reports                                Independent Commissioners. As of 31 December
of Shareholding or Any Changes in Shareholding                                    2024, Bank Mandiri’s Board of Commissioners            The Bank’s Independent Commissioner has signed the Statement certifying the fulfilment of criteria as
in Public Companies and Reports on the Pledging                                   was composed of 10 members, 5 of whom were             well as independency of position in accordance with the criteria as set under the prevailing regulations
of Shares in Public Companies, the Bank has                                       Independent Commissioners, representing 50%            and has been submitted to the OJK.
established a policy that requires members of                                     of the total board members, hence meeting the
the Board of Directors and Board of Commissioners                                 regulatory requirements. This composition ensures
to report to the OJK and notify the Bank of their                                 that Bank Mandiri upholds high standards of
ownership of voting rights over shares and any                                    corporate governance, providing transparent
changes in ownership of voting rights over the                                    and independent oversight of the Company’s
Bank’s shares, either directly or indirectly, no later                            activities.
than 5 (five) business days after the acquisition
or any change in ownership of voting rights over                                  Criteria for Independent
those shares. The policy has been implemented                                     Commissioner and Statement
in accordance with the regulations.                                               of Independent

INDEPENDENT COMMISSIONERS                                                         The criteria of Independent Commissioner refer
                                                                                  to the OJK Regulation No. 33/POJK.04/2014
Independent Commissioners are members of the                                      concerning Board of Directors and Board of
Board of Commissioners who are free from any                                      Commissioners of Issuers or Public Companies,
affiliations with the Company, its Board of Directors,                            as follows:
other members of the Board of Commissioners, or
major shareholders that could potentially influence
decision-making. Their primary role is to provide
objective oversight, ensuring that the interests of
all stakeholders, including minority shareholders,
are protected. Independent Commissioners play a
crucial role in maintaining corporate governance
integrity by acting independently in monitoring the
Company’s management and strategic decisions.




PT BANK MANDIRI (PERSERO) TBK                                                 658                                                                                                                                 659                                           ANNUAL REPORT 2024
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BOARD OF COMMISSIONERS                                                                                                                                                                                        BOARD OF COMMISSIONERS




ORIENTATION PROGRAM FOR NEW COMMISSIONERS                                                                                   5. Meeting Decision-Making: Decisions in meetings of the Board of Commissioners must first be made
                                                                                                                               based on deliberation for consensus. If consensus cannot be reached, decisions are made by
Newly appointed members of the Board of Commissioners participate in an orientation program                                    majority vote. All decisions of the Board of Commissioners are binding for all members of the Board
designed to familiarize the Board on its duties and responsibilities. The main objective is to provide a                       of Commissioners.
comprehensive understanding of the Bank, its overall condition, core values, vision, and mission, as
well as an introduction to the Bank’s business activities and its subsidiaries. The program also covers key                 Meeting Materials: All relevant materials for the Board of Commissioners› meetings must be distributed
regulations, procedures, and the implementation of corporate governance practices.                                          to participants no later than 5 (five) days before the meeting. If a meeting is held outside the regular
                                                                                                                            schedule, materials can be provided prior to the meeting.
The orientation is conducted by presenting relevant materials, delivered by the appropriate Directors
and coordinated by the Corporate Secretary.                                                                                 Leadership and Documentation: Meetings are chaired by the President Commissioner. If the President
                                                                                                                            Commissioner is absent, the meeting will be chaired by a designated Commissioner. All meetings are
In addition, new Commissioners are provided with a Board Manual that stipulates the duties and                              documented in minutes of the meeting, distributed to all Commissioners, and recorded in the official
responsibilities, including the Bank’s Articles of Association, the BOC Charter, Committee Charters,                        archives of the Company. Any dissenting opinions expressed during the Board of Commissioners› meetings
and other essential governance documents. This ensures that new Commissioners have the necessary                            must be clearly stated in the minutes of the meeting, including the reasons for the dissent.
resources to carry out their roles with a clear understanding of the Bank’s governance framework.
                                                                                                                            Board of Commissioners Meetings Plan
In 2024, orientation programs had been held for new Commissioners with the following details:
                                                               Training/Seminar                                             The Board of Commissioners’ meetings plan for 2024 as uploaded on the Bank Mandiri website are as
 No.        Name                Position       Date                                                 Trainers                follows:
                                                                    Subjects
1.     Tedi Bharata       Commissioner 25 March            PSAK 71                        Head of Accounting Unit                   Quarter I                    Quarter II                     Quarter III                    Quarter IV
                                       2024                                                                                 • Monthly Review of Bank • Monthly Review of the            • Monthly Review of the        • Monthly Review of Bank
                                           3 April 2024    Corporate Plan 2020-2024,      Head of Strategy &                  Performance.                 Bank's Performance.            Bank’s Performance.            Performance.
                                                           RBB 2024-2027, RKAP 2024,      Performance Management            • Review of Consolidated • Quarterly Review of              • Quarterly Review of the      • Quarterly Review of the
                                                           and Finansial Performance      Unit                                Financial Statements         Risk Profile, Business         Performance of the             Performance of the
                                                           2024                                                               for Financial Year 2023      Activities, IT, HR,            Bank and its Subsidiaries      Bank and its Subsidiaries
                                                                                                                              (Audited).                   and Other Strategic            for the period of              for the period of
                                           17 April 2024   Rating and Risk                Head of Credit Portfolio Risk     • Quarterly Review of the      Initiatives for the period     Quarter II/2024.               Q3/2024.
                                                           Management Framework           Unit                                Bank and Subsidiaries'       of Q1/2024.                  • Quarterly Review of          • Quarterly Review of
                                                                                                                              Performance for 2023.      • Quarterly Review of the        Risk Profile, Business         Risk Profile, Business
                                           06 May 2024     GCG, AML CFT &                 Head of Compliance Unit           • Preparation of Annual        Performance of the             Activities, IT, HR,            Activities, IT, HR,
                                                           PPPSPM, and Integrated                                             General Meeting              Bank and its Subsidiaries      and Other Strategic            and Other Strategic
                                                           Governance                                                         of Shareholders for          for the period of              Initiatives for the period     Initiatives for the period
                                                                                                                              Financial Year 2023          Q1/2024.                       of Quarter II/2024.            of Q3/2024.
                                           16 May 2024     IT Management                  Head of IT Unit                   • Selection of Public                                       • Review of the                • Approval of the 2025
                                                                                                                              Accountant Office                                           Implementation                 Corporate Work Plan &
                                                                                                                              (KAP) for the Audit of                                      of Integrated                  Budget, 2025-2027 Bank
BOARD OF COMMISSIONERS MEETING                                                                                                Financial Statements for
                                                                                                                              the Year 2024.
                                                                                                                                                                                          Governance.
                                                                                                                                                                                        • Discussion of the
                                                                                                                                                                                                                         Business Plan, 2025-2029
                                                                                                                                                                                                                         Sustainable Finance
                                                                                                                            • Quarterly Review of                                         Company’s Work Plan            Action Plan, 2024
The procedures and requirements for Bank Mandiri               3. Quorum Requirements: Meetings of the Board                  Risk Profile, Business                                      and Budget Year 2025.          Recovery Plan Update,
Board of Commissioners meetings are outlined in                   of Commissioners and Joint Meetings with the                Activities, IT, HR,                                       • Discussion of the              and 2024 Resolution
                                                                                                                              and Other Strategic                                         Company’s Work Plan            Plan Update.
the BOC Charter and align with POJK No. 17 of                     Board of Directors are held if attended by                  Initiatives for the period                                  and Budget Year 2025.        • Discussion on Bank
2023. The key provisions for these meetings are                   the majority of the Board of Commissioners›                 of Quarter IV/2023.                                                                        Mandiri Collegial Key
as follows:                                                       members.                                                                                                                                               Performance Indicators
                                                                                                                                                                                                                         (KPI) 2025
1. Meeting Frequency: The Board of Commissioners
    is required to hold regular meetings of the                4. M e e t i n g A t t e n d a n c e : T h e B o a r d o f
    Board of Commissioners at least once every                    Commissioners must attend meetings in person
    2 (two) months.                                               at least 2 (two) times a year. Non-Independent
                                                                  Commissioners who cannot physically attend
2. Joint Meetings with the Board of Directors:                    may participate in meetings of the Board of
   The Board of Commissioners must hold joint                     Commissioners via face-to-face interaction
   meetings with the Board of Directors at least                  using information technology.
   once every 4 (four) months.



PT BANK MANDIRI (PERSERO) TBK                              660                                                                                                                    661                                           ANNUAL REPORT 2024
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BOARD OF COMMISSIONERS                                                                                                                                                                           BOARD OF COMMISSIONERS




Board of Commissioners Meetings Frequency & Agenda                                                                   Board of Commissioners Meeting Agenda and Attendance
                                                                                                                     No.        Date                           Meeting Agenda                              Quorum        Remark
In 2024, the Board of Commissioners has convened 28 (twenty-eight) meetings, with the following
                                                                                                                     15.   18 July 2024   1. Ratification of the Board of Commissioners' Decision on        100%             -
attendance and agenda:
                                                                                                                                             Facilities for the Board of Commissioners and Board of
                                                                                                                                             Directors
Board of Commissioners Meeting Agenda and Attendance                                                                                      2. Approval of the Proposed Extension of the Contract for
                                                                                                                                             Independent Members of the Risk Monitoring Committee
 No.        Date                              Meeting Agenda                                Quorum     Remark
                                                                                                                     16.   23 July 2024   1. Approval of the Proposed Funding to Related Parties for        100%             -
1.     11 January 2024 Update on the Plan for the 2023 AGMS                                  73%     Absent:                                 Subsidiaries
                                                                                                     Andrinof A.                          2. Approval of the Proposed Corporate Actions of Subsidiaries
                                                                                                     Chaniago,
                                                                                                     Muhammad        17.   31 July 2024   Review of the Consolidated Financial Statements as of 30 June     100%             -
                                                                                                     Yusuf Ateh,                          2024
                                                                                                     Faried Utomo
                                                                                                                     18.   12 September   Approval of the Proposed Provision of Funds to Related Parties    90%       Absent: M.
2.     18 January 2024   1. Approval of the Proposed Management of Subsidiaries              100%          -               2024           for Subsidiaries                                                            Chatib Basri
                         2. Discussion of the Membership of the Integrated Governance
                                                                                                                     19.   19 September   Approval of the Proposed Corporate Plan for 2025–2029             70%       Absent: Faried
                            Committee
                                                                                                                           2024                                                                                       Utomo, Arif
3.     31 January 2024   1. Review of the 2023 Consolidated Financial Statements             100%          -                                                                                                          Budimanta
                            (Audited)
                                                                                                                     20.   26 September   Approval of the Proposed Extension of the Contract for            100%             -
                         2. Approval of the Proposed Work Plan & Budget (RKA) of the
                                                                                                                           2024           Independent Members of the Audit Committee
                            Board of Commissioners and Supporting Committees for 2024
                                                                                                                     21.   24 October     Review of the Financial Statements as of 30 September 2024        100%             -
4.     06 February       1. Approval of the Proposed Corporate Actions of Subsidiaries.      100%          -
                                                                                                                           2024
       2024              2. Approval of the Proposed Public Accountant (AP) and Public
                            Accounting Firm (KAP) for the Audit of the 2024 Consolidated                             22.   31 October     Approval of the Proposed Management of Subsidiaries               90%       Absent: Heru
                            Financial Statements.                                                                          2024                                                                                       Kristiyana

5.     22 February       Approval of the Proposed Bank Mandiri Talent Pool                   100%          -         23.   07 November    1. Progress on the Follow-Up of BPK Findings for 2021–2022.       80%       Absent:
       2024                                                                                                                2024           2. Approval of the Proposed Update to the Recovery Plan &                   Muhammad
                                                                                                                                             Resolution Plan                                                          Yusuf Ateh,
6.     01 March 2024     1. Approval of the Proposed Additional Pension Fund Benefits        100%          -                                                                                                          Tedi Bharata
                            for 2024
                         2. Approval of the Proposed Remuneration for the Board of                                   24.   11 November    Progress on the Follow-Up of BPK Findings for 2021–2022           100%             -
                            Directors and Board of Commissioners                                                           2024

7.     06 March 2024     Approval of the Proposed Update to the Risk Acceptance              82%     Absent:         25.   14 November    Approval of the Proposed RKAP for 2025 and RBB for 2025–2027,     100%             -
                         Statement (RAS) for 2024                                                    Rionald               2024           as well as the Discussion of the Proposed 2025 Collegial KPI
                                                                                                     Silaban,
                                                                                                     Nawal Nely      26.   21 November    1. Approval of the Proposed Sustainable Finance Action Plan       100%             -
                                                                                                                           2024              (RAKB) for 2025–2029
8.     28 March 2024     Approval of the Appointment of Members of the Risk Monitoring       100%          -                              2. Approval of the Proposed Funding to Related Parties for
                         Committee                                                                                                           Subsidiaries
                                                                                                                                          3. Approval of the Proposed Dismissal and Appointment of
9.     18 April 2024     Approval of the Proposed SEVP Internal Audit of Bank Mandiri        89%     Absent: Loeke                           the Group Head Corporate Secretary
                                                                                                     Larasati A.
                                                                                                                     27.   19 December    1. Approval of the Proposed Annual Audit Plan (AAP) and           100%             -
10.    25 April 2024     1. Review of the Consolidated Financial Statements as of 31         100%          -               2024              SKAI Budget for 2025
                            March 2024
                                                                                                                                          2. Approval of the Proposed Risk Management Framework
                         2. Approval of the Proposed Extension of the Contract for
                                                                                                                                             related to Cybersecurity
                            Independent Members of the Audit Committee
                                                                                                                                          3. Approval of the Proposed Memorandum of Procedures for
11.    05 June 2024      1. Proposal for Setting Targets and Governance for LTI 2024–2026    100%          -                                 Internal Control over Financial Reporting (ICoFR)
                         2. Approval of the Proposed Management of Subsidiaries
                                                                                                                     28.   27 December    Approval of the Proposed Use of Principal Write-Off Ceiling in    90%       Absent:
12.    13 June 2024      Approval of the Proposed Management of Subsidiaries                 100%          -               2024           accordance with PP No. 47/2024                                              Muhammad
                                                                                                                                                                                                                      Yusuf Ateh
13.    20 June 2024      Approval of the Proposed Adjustment to Bank Mandiri's               100%          -
                         Organizational Structure

14.    25 June 2024      Approval of the Proposed Revision to the 2024 RKAP and              100%          -
                         2024–2026 RBB



PT BANK MANDIRI (PERSERO) TBK                             662                                                                                                          663                                         ANNUAL REPORT 2024
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BOARD OF COMMISSIONERS                                                                                                                                                                                                   BOARD OF COMMISSIONERS




                                                                                                                                                                                     BOC Meetings                        Joint Meetings of BOC & BOD
Joint Meetings
                                                                                                                         Name                     Position                Total                                           Total
                                                                                                                                                                                           Attendance            (%)                Attendance    (%)
Pursuant to POJK No. 17 of 2023, the Board of Commissioners shall conduct joint meeting with the Board                                                                   Meetings                                        Meetings
of Directors periodically at least once in every 4 (four) months. In 2023, the Board of Commissioners and
                                                                                                                   Muhammad               Commissioner                         28                 24             86%        12          12       100%
Board of Directors joint meetings were held 12 (twelve) times with the following attendance and agenda:            Yusuf Ateh

                                                                                                                   Tedi Bharata**         Commissioner                         11                 10             91%        4           4        100%
Board of Commissioners and Board of Directors Join Meeting Agenda and Attendance
                                                                                                                   Andrinof A.            Vice President                       7                   6             86%        2           2        100%
No.           Date                            Meeting Agenda                  Quorum            Remark             Chaniago***            Commissioner/
1.    31 January 2024           Financial Performance December 2023             100%                -                                     Independent

2.    22 February 2024          Financial Performance January 2024              100%                -              Nawal Nely***          Commissioner                         7                   6             86%        2           2        100%
                                                                                                                   *) Transfer of duties to Vice President Commissioner/Independent at the Annual GMS on 7 March 2024.
3.    28 March 2024             Financial Performance February 2024             89%      Absent: Faried Utomo      **) Appointed as Commissioner effective from the Annual GMS on 7 March 2024.
                                                                                                                   ***) The term of office ends effectively from the Annual GMS on 7 March 2024.
4.    25 April 2024             Financial Performance March 2024                89%      Absent: Heru Kristiyana

5.    31 May 2024               Financial Performance April 2024                89%      Absent: Faried Utomo      IMPLEMENTATION OF DUTIES                                                        Informal advisory between the Board of
                                                                                                                   AND RESPONSIBILITIES OF THE                                                     Commissioners and the Board of Directors provides
6.    27 June 2024              Financial Performance May 2024                  100%                -
                                                                                                                   BOARD OF COMMISSIONERS                                                          flexibility and immediacy in addressing emerging
7.    31 July 2024              Financial Performance June 2024                 100%                -                                                                                              issues, or urgent matters or ongoing projects,
8.    26 August 2024            Financial Performance July 2024                 100%                -              Advisory Frequency and Procedures                                               hence enhancing the decision-making processes.
                                                                                                                   to the Board of Directors
9.    30 September 2024         Financial Performance August 2024               100%                -
                                                                                                                                                                                                   By combining formal meetings with informal
10.   24 October 2024           Financial Performance September 2024            100%                -              The advisory role of the Board of Commissioners                                 consultations, the Board of Commissioners ensures
                                                                                                                   to the Board of Directors is executed through                                   that it provides well-rounded, continuous oversight
11.   28 November 2024          Financial Performance October 2024              100%                -
                                                                                                                   both formal and informal channels, ensuring                                     and guidance to the Board of Directors, fostering
12.   19 December 2024          Financial Performance November 2024             100%                -              comprehensive guidance and oversight. This                                      a strong collaborative environment that supports
                                                                                                                   two-pronged approach enables the Board of                                       the Bank’s growth and governance objectives.
Frequency and Attendance of the Board of Commissioners Meetings                                                    Commissioners to provide strategic advice and
                                                     BOC Meetings             Joint Meetings of BOC & BOD          real-time consultation when needed.                                             Board of Commissioners
                                                                                                                                                                                                   Supervisory on the Implementation
      Name                Position           Total
                                                        Attendance     (%)
                                                                               Total
                                                                                         Attendance       (%)      Formal meetings serve as the primary platform for                               of Corporate Strategy
                                            Meetings                          Meetings                             structured discussions and decision-making. These
M. Chatib Basri      President                  28            27       96%       12            12         100%     are divided into three key types:                                               Pursuant to OJK Regulation No. 5/POJK.03/2016
                     Commissioner/                                                                                 1. The meetings of Supporting Committee of                                      concerning the Bank Business Plans, the Board of
                     Independent
                                                                                                                       the Board of Commissioners, consisting of the                               Commissioners shall carry out supervision on the
Zainudin Amali*      Vice President             28            28       100%      12            12         100%         Audit Committee Meetings, Risk Oversight                                    implementation of the Bank Business Plan that
                     Commissioner/                                                                                     Committee Meetings, Integrated Governance                                   includes policies and management strategies.
                     Independent
                                                                                                                       Committee Meetings and Remuneration and                                     The results of the supervision are set forth in the
Loeke Larasati       Independent                28            27       96%       12            12         100%         Nomination Committee Meetings.                                              Supervision Report on the Implementation of the
Agoestina            Commissioner
                                                                                                                   2. Meeting of the Board of Commissioners                                        Bank’s Business Plan which is submitted to the
Muliadi              Independent                28            28       100%      12            12         100%         (RAKOM), which is an internal meeting of the                                Financial Services Authority every half year.
Rahardja             Commissioner                                                                                      Board of Commissioners and/or by inviting the
Heru Kristiyana      Independent                28            27       96%       12            11         92%          Director of the related field.
                     Commissioner                                                                                  3. Meeting of the Board of Commissioners with
Rionald Silaban      Independent                28            27       96%       12            12         100%         the Board of Directors (RAKOMDIR), namely the
                     Commissioner                                                                                      Joint Meeting of the Board of Commissioners
Faried Utomo         Commissioner               28            26       93%       12            10         83%          and the Board of Directors.

Arif Budimanta       Commissioner               28            27       96%       12            12         100%




PT BANK MANDIRI (PERSERO) TBK                              664                                                                                                                            665                                         ANNUAL REPORT 2024
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BOARD OF COMMISSIONERS                                                                                                                                                                              BOARD OF COMMISSIONERS




In addition, the Board of Commissioners also submit Supervision Report on Performance and KPI                            The following were implementation of duties of           4. Conducted periodic monitoring of Human
Achievement quarterly to the Ministry of SOEs as Dwiwarna Series A Shareholders.                                         the Board of Commissioners during 2024:                      Resources (Manpower Planning) aligned with
                                                                                                                         1. Supervised the policies and management                    the Corporate Plan, RBB, and the actual needs
In 2024, the Board of Commissioners has prepared and submitted the following Supervision Report on                          conducted by the Board of Directors during                of long-term business development, particularly
the Implementation of the Bank’s Business Plan:                                                                             2024, including oversight of the implementation           in IT, Credit, and Risk.
 No.                            OJK                                             Ministry of SOEs                            of the 2024 Work Plan and Budget (RKAP), the          5. Conducted periodic monitoring of the
                                                                                                                            2024–2026 Bank Business Plan (RBB), the 2024–             implementation of various Corporate Actions
  1.    Letter No. KOM/032/2024 dated 21 February            Letter No. KOM/012/2024 dated 31 January 2024
                                                                                                                            2028 Sustainable Finance Action Plan (RAKB),              by the Company and its Subsidiaries during
        2024 concerning Bank Business Plan Supervision       concerning Response to the Performance Report and
        Report 2023 – 2025 of PT Bank Mandiri (Persero)      Realization of Key Performance Indicators (KPI) of PT          and the 2024 IT Strategic Plan.                           2024.
        Tbk Second Semester of 2023.                         Bank Mandiri (Persero) Tbk Year 2023.                       2. Ensured that good governance was applied              6. Conducted periodic monitoring of the
  2.    Letter No. KOM/124/2024 dated 31 July 2024           Letter No. KOM/077/2024 dated 30 April 2024 concerning         effectively and sustainably.                              performance and risk mitigation developments
        concerning Bank Business Plan Supervision            Response to Performance Report and Realization of Key       3. Actively monitored and evaluated at least                 of Subsidiaries/Sub-Subsidiaries, as well as
        Report 2023 – 2025 of PT Bank Mandiri (Persero)      Performance Indicators (KPI) of PT Bank Mandiri (Persero)      the following:                                            synergy development, throughout 2024.
        Tbk Semester I of 2024.                              Tbk until Quarter I/2024.
        Letter No. KOM/032/2024 dated 21 February
                                                                                                                            a. follow-up actions of the Board of Directors        7. Provided direction, monitored the preparation,
        2024 concerning Bank Business Plan Supervision       Letter No. KOM/129/2024 dated 31 July 2024 concerning              on audit findings and recommendations                 and granted approvals for proposals, including
        Report 2023 – 2025 of PT Bank Mandiri (Persero)      Response to Performance Report and Realization of Key              from the Company’s Internal Audit Unit,               the 2025 RKAP, 2025–2027 RBB, 2025–2029 RAKB,
        Tbk Second Semester of 2023.                         Performance Indicators (KPI) of PT Bank Mandiri (Persero)
                                                             Tbk until Quarter II/2024                                          External Auditors, supervision results from           the 2024 Recovery Plan Update, and the 2024
                                                                                                                                the Financial Services Authority (OJK), and/          Resolution Plan.
                                                             Letter No. KOM/157/2024 dated 31 October 2024
                                                             concerning Response to Performance Report and
                                                                                                                                or supervision results from other authorities     8. Followed the development of the Company’s
                                                             Realization of Key Performance Indicators (KPI) of PT              and institutions;                                     activities, provided opinions and advice to the
                                                             Bank Mandiri (Persero) Tbk until Quarter III/2024.             b. implementation of compliance functions;                Board of Directors on issues deemed important
                                                             Letter No. KOM/012/2024 dated 31 January 2024                  c. Company›s soundness level;                             and material for the Company’s management,
                                                             concerning Response to the Performance Report and              d. implementation of Risk Management and                  including those related to the internal and
                                                             Realization of Key Performance Indicators (KPI) of PT              Capital Management on an integrated basis             external audit findings during 2024.
                                                             Bank Mandiri (Persero) Tbk Year 2023.
                                                                                                                                in accordance with the characteristics and        9. Proposed the appointment of a Public
                                                                                                                                complexity of the Financial Conglomerate’s            Accountant (AP) and/or Public Accounting
Report on supervision of the implementation of                The assessment of the Board of Commissioners                      business within the Company;                          Firm (KAP) to audit the Consolidated Financial
the Bank’s Business Plan submitted to OJK and                 in points 1-3 was also complemented with                      e. effectiveness of the implementation of the             Statements ending December 31, 2024, to the
Responses to the Achievement of the Bank’s                    external factors assessment affecting the Bank’s                  Anti-Fraud Strategy (SAF) and the code                2023 Annual GMS.
Performance and KPI submitted to the Ministry                 performance.                                                      of ethics, particularly regarding fraud           10. Reviewed the audits conducted by the KAP
of SOEs includes reports on:                                                                                                    prevention across all organizational levels;          on the 2023 and 2024 Financial Statements of
1. Assessment of the Board of Commissioners                   Board of Commissioners                                        f. implementation of the Anti-Money                       Bank Mandiri.
    regarding the implementation of the Bank                  Duties Implementation                                             Laundering Program, the Prevention of             11. Reviewed the talent pool and each proposed
    Mandiri Business Plan in the form of evaluating                                                                             Terrorism Financing, and the Prevention               candidate for the Board of Directors and Board
    both quantitative and qualitative aspects of              The Board of Commissioners has fulfilled its duties,              of the Financing of the Proliferation of              of Commissioners to be submitted at the GMS.
    the realization of the Business Plan.                     obligations, and responsibilities by overseeing the               Weapons of Mass Destruction;                      12. Periodically evaluated the performance of the
2. The Board of Commissioners’ assessment of the              Bank’s policies and management in accordance                  g. implementation of the Remuneration Policy;             Board of Directors during 2024 and reviewed
    factors that affect Bank Mandiri’s performance            with prevailing laws and regulations, the Bank’s              h. Information Technology (IT) strategic plan             the KPI achievements of the Board of Directors
    in general, particularly regarding capital,               Articles of Association, and the annual Work Plan                 and IT governance implementation for                  and the Board of Commissioners.
    profitability, risk profiles, especially credit risk,     established at the beginning of the year.                         2024;                                             13. Reviewed and made decisions on each
    market risk, and liquidity risk.                                                                                        i. policies and strategic risk management                 proposal/action from the Board of Directors
3. Assessment of the Board of Commissioners                   These supervisory functions were carried out                      plans related to established cybersecurity;           requiring written approval from the Board of
    regarding efforts to improve the performance              through a series of Board of Commissioners                    j. Recovery Plan and Resolution Plan along                Commissioners as stipulated by prevailing laws
    of Bank Mandiri, in the case that according to            meetings, joint meetings with the Board of                        with their updates, including granting                and the Articles of Association.
    the assessment concerned the performance                  Directors, and joint evaluations with supporting                  approvals; and
    of the Bank as referred to in point 2 above has           committees under the Board of Commissioners.                  k. implementation of the Company’s
    decreased.                                                This collaborative approach ensures thorough                      Corporate Social and Environmental
                                                              oversight and effective evaluation of the Bank’s                  Responsibility (TJSL) Program.
                                                              management and strategic direction.

PT BANK MANDIRI (PERSERO) TBK                               666                                                                                                             667                                    ANNUAL REPORT 2024
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BOARD OF COMMISSIONERS                                                                                                                                                                                  BOARD OF COMMISSIONERS




14. Ensured that the Board of Directors developed                   1. Board of Commissioners Meetings: A regular         No.      Letter Date                                            Subject
    and maintained an adequate, effective, and                         meeting to review and discuss critical
                                                                                                                           1    22 January 2024    Approval of the Proposed Management of Subsidiaries
    efficient Internal Control System (SPI) and                        aspects of the Company’s performance,
    assessed the effectiveness and efficiency of                       strategic direction, and risk management.           2    31 January 2024    Determination of Performance Targets and Governance of Long Term Incentives (LTI)
                                                                                                                                                   for Bank Mandiri for 2023–2025
    SPI based on information obtained from the                         These meetings provided a formal platform
    Audit Committee and the Internal Audit Unit.                       for Commissioners to evaluate the financial         3    07 February 2024   Changes in the Membership Composition of the Supporting Committees of the Board
                                                                                                                                                   of Commissioners of Bank Mandiri
15. Approved proposals for the dismissal and                           reports, operational plans, and compliance
    appointment of the Corporate Secretary and                         with governance practices.                          4    07 February 2024   Approval of the Proposed Revision to the Risk Management Policy
    Chief Audit Executive (CAE).                                    2. Joint Meetings with Committees Under the
                                                                                                                           5    07 February 2024   Approval of the Proposed Corporate Actions of Subsidiaries
16. Approved the proposal for an Independent                           Board of Commissioners: The meeting between
    Consultant for the Quality Assurance Review                        the Board of Commissioners and its supporting       6    07 February 2024   Proposal for the Appointment of a Public Accountant (AP) and Public Accounting Firm
                                                                                                                                                   (KAP) to Perform Audit Services for the Consolidated Financial Statements of the Company
    (QAR) of Bank Mandiri›s Internal Audit Function                    Committees in ensuring that specific areas of                               and Subsidiaries, Financial Statements for the Micro and Small Business Funding Program
    for 2024, as well as the Annual Audit Plan (AAP)                   governance were deeply analyzed.                                            (PUMK), and Other Service Assignments
    and Budget Allocation for the Internal Audit                    3. On-site Visits with Committees Under the Board
                                                                                                                           7    13 February 2024   Approval of the Appointment of Independent Consultant Services for the Long Term
    Unit for 2025.                                                     of Commissioners: The Board of Commissioners                                Incentive (LTI) Study for the 2023 Financial Year
17. S u b m i t t e d s u p e r v i s o r y r e p o r t s a n d        with its committees, conducted on-site visits to
                                                                                                                           8    23 February 2024   Determination of Performance Targets and Governance of Long Term Incentives (LTI)
    recommendations for improvements regarding                         various operational units, to attain first-hand                             for Bank Mandiri for 2023–2025
    the realization of the RBB, which were then                        insights into the Bank’s operational challenges
                                                                                                                           9    29 February 2024   Approval of the Proposed Management of Subsidiaries
    forwarded to the OJK every semester and to                         and opportunities.
    the Ministry of SOEs every quarter.                                                                                   10    01 March 2024      Approval of the Proposed Provision of Additional Benefits for 2024 in the Bank Mandiri
18. Held 28 (twenty-eight) Board of Commissioners                   The Board recommendations and decisions                                        Pension Fund for the Defined Benefit Pension Plan (Dapen PPMP)

    Meetings and 12 (twelve) Joint Meetings with                    throughout 2024 were instrumental in maintaining      11    15 March 2024      Changes in the Membership Composition of the Supporting Committees of the Board
    the Board of Directors to discuss specific aspects              Bank Mandiri’s leadership position in the market                               of Commissioners of Bank Mandiri
    of concern to the Board of Commissioners.                       while ensuring compliance with regulatory             12    15 March 2024      Approval of the Proposed Update to the Risk Acceptance Statement (RAS) for 2024
                                                                    requirements and aligning with long-term goals.
                                                                                                                          13    18 March 2024      Determination of Service Fees for the Audit of the Consolidated Financial Statements
Board of Commissioners                                                                                                                             of the Company and Subsidiaries, Financial Statements for the Micro and Small Business
Recommendations and Decisions                                       During 2024, the Board of Commissioners issued                                 Funding Program (PUMK), and Other Service Assignments
                                                                    52 (fifty-two) approval letters and 14 (fourteen)
                                                                                                                          14    18 March 2024      Approval of the Proposed Funding to Related Parties for Subsidiaries
Throughout 2024, the Board of Commissioners has                     decrees, among others the approval of funding
provided strategic direction, and ensured sound                     to related parties, approval of corporate actions,    15    20 March 2024      Approval of the Proposed Dismissal of the Chief Audit Executive (CAE)
governance. The recommendations and decisions                       as well as other approvals under the authority of     16    25 March 2024      Approval of the Proposed Revision to the Integrated Governance Guidelines
made by the Board were designed to enhance                          the Board of Commissioners as stipulated in the
                                                                                                                          17    25 March 2024      Approval of the Proposed Corporate Actions of Subsidiaries
the Bank’s operational performance, align with                      Articles of Association and prevailing regulations.
regulatory requirements, and foster sustainable                     Some of the agreements were as follows.               18    01 April 2024      Changes in the Membership Composition of the Supporting Committees of the Board
                                                                                                                                                   of Commissioners of Bank Mandiri
growth. The Board executed its duties and
responsibilities through the following key forums:                                                                        19    05 April 2024      Determination of the Remuneration for the Board of Directors and Board of Commissioners
                                                                                                                                                   of Bank Mandiri for 2024

                                                                                                                          20    05 April 2024      Determination of the Remuneration for the Secretary and Staff of the Board of
                                                                                                                                                   Commissioners of Bank Mandiri

                                                                                                                          21    22 April 2024      Approval of the Proposed Appointment of the Chief Audit Executive (CAE)

                                                                                                                          22    29 April 2024      Review of the Draft Consolidated Financial Statements of Bank Mandiri and Subsidiaries
                                                                                                                                                   for the Three-Month Period Ending 31 March 2024

                                                                                                                          23    02 May 2024        Changes in the Membership Composition of the Supporting Committees of the Board
                                                                                                                                                   of Commissioners of Bank Mandiri

                                                                                                                          24    13 May 2024        Determination of the Remuneration for Independent Members of the Supporting
                                                                                                                                                   Committees of the Board of Commissioners

                                                                                                                          25    14 June 2024       Approval of the Proposed Management of Subsidiaries



PT BANK MANDIRI (PERSERO) TBK                                     668                                                                                                         669                                         ANNUAL REPORT 2024
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BOARD OF COMMISSIONERS                                                                                                                                                                               BOARD OF COMMISSIONERS




No.       Letter Date                                             Subject                                           The Decrees issued by the Board of Commissioners during 2024 were as follows:
 26   19 June 2024         Approval of the Proposed Management of Subsidiaries
                                                                                                                    No.       Letter Date                                              Subject
 27   24 June 2024         Approval of the Proposed Alignment of Bank Mandiri's Organizational Structure
                                                                                                                     1.    22 January 2024     Membership Composition of the Audit Committee, Risk Monitoring Committee, Integrated
 28   27 June 2024         Approval of the Proposed Revision to the 2024 RKAP and the 2024–2026 RBB                                            Governance Committee, and Remuneration and Nomination Committee of Bank Mandiri

 29   03 July 2024         Approval of the Proposed Revision to the Mandiri Subsidiary Management Principles         2.    08 March 2024       Membership Composition of the Audit Committee, Risk Monitoring Committee, Integrated
                           Guideline (MSMPG)                                                                                                   Governance Committee, and Remuneration and Nomination Committee of Bank Mandiri

 30   17 July 2024         Approval of the Proposed Management of Subsidiaries                                       3.    28 March 2024       Dismissal and Appointment of Members of the Risk Monitoring Committee of Bank Mandiri

 31   25 July 2024         Changes in the Membership Composition of the Supporting Committees of the Board
                           of Commissioners of Bank Mandiri                                                          4.    25 April 2024       Dismissal and Appointment of Members of the Audit Committee of Bank Mandiri

 32   29 July 2024         Approval of the Proposed Corporate Actions of Subsidiaries
                                                                                                                     5.    29 April 2024       Membership Composition of the Audit Committee, Risk Monitoring Committee, Integrated
 33   29 July 2024         Approval of the Proposed Funding to Related Parties for Subsidiaries                                                Governance Committee, and Remuneration and Nomination Committee of Bank Mandiri

 34   31 July 2024         Review of the Draft Consolidated Financial Statements of Bank Mandiri and Subsidiaries    6.    31 May 2024         Audit Committee Charter
                           for the Three-Month Period Ending 30 June 2024
                                                                                                                     7.    31 May 2024         Risk Monitoring Committee Charter
 35   23 September 2024 Approval of the Proposed Bank Mandiri Corporate Plan for 2025–2029

 36   30 September 2024 Approval of the Proposed Corporate Actions of Subsidiaries                                   8.    31 May 2024         Remuneration and Nomination Committee Charter
 37   30 September 2024 Changes in the Membership Composition of the Supporting Committees of the Board
                        of Commissioners of Bank Mandiri                                                             9.    31 May 2024         Integrated Governance Committee Charter

 38   02 October 2024      Approval of the Proposed Revisions to the Risk Management Policy, Operational Policy,
                           Legal, Compliance and Anti-Money Laundering Policy, Terrorism Financing Prevention,       10.   22 July 2024        Dismissal and Appointment of Members of the Risk Monitoring Committee of Bank Mandiri
                           and Proliferation Financing of Weapons of Mass Destruction Prevention Policy
                                                                                                                     11.   29 August 2024      Allowances, Facilities, and Benefits for the Board of Commissioners and Board of Directors
 39   31 October 2024      Review of the Draft Consolidated Financial Statements of Bank Mandiri and Subsidiaries                              of Bank Mandiri
                           for the Three-Month Period Ending 30 September 2024
                                                                                                                     12.   30 September        Membership Composition of the Audit Committee, Risk Monitoring Committee, Integrated
 40   04 November 2024     Approval of the Proposed Dismissal and Appointment of Secretariat Staff for the Board           2024                Governance Committee, and Remuneration and Nomination Committee of Bank Mandiri
                           of Commissioners of Bank Mandiri
                                                                                                                     13.   01 November         Dismissal and Appointment of Secretariat Staff for the Board of Commissioners of Bank
 41   05 November 2024     Approval of the Proposed Management of Subsidiaries                                             2024                Mandiri
 42   07 November 2024     Approval of the Proposed Updates to the 2024 Recovery Plan & Resolution Plan              14.   27 December         Membership of Audit Committee, Risk Monitoring Committee, Integrated Governance
                                                                                                                           2024                Committee & Remuneration and Nomination Committee of Bank Mandiri
 43   11 November 2024     Approval of the Proposed Revision to the Subsidiary Management Policy (KPPA)

 44   25 November 2024     Approval of the Proposed RKAP for 2025, RBB for 2025-2027, and Collegial KPI for 2025
                                                                                                                    RISK MANAGEMENT CERTIFICATION
 45   25 November 2024     Approval of the Proposed Fundings to Related Parties for Subsidiaries

 46   25 November 2024     Approval of the Proposed RAKB for 2025-2029                                              As stipulated in the Decision of the OJK Board of Commissioners No. KEP-18/D.02/2021 on the Indonesian
                                                                                                                    National Qualification Framework in Banking Risk Management and OJK Circular No. 28/SEOJK.03/2022 on
 47   25 November 2024     Approval of the Proposed Corporate Secretary                                             Risk Management Certification for Human Resources in Commercial Banks, Bank Executives (specifically
 48   20 December 2024 Approval of the Proposed Internal Control Procedure Memorandum for Financial Reporting       the Board of Commissioners and Board of Directors) are required to hold a Risk Management Certificate
                       (ICoFR)                                                                                      issued by a Professional Certification Institution, with the following classifications:
 49   20 December 2024 Approval of the Proposed Cybersecurity Risk Management Framework
                                                                                                                    No.                                     Position                                      Level             Validity
 50   20 December 2024 Approval of the Proposed Annual Audit Plan (AAP) and SKAI Budget for 2025
                                                                                                                    1.     Commissioner                                                              Minimum Level 6         3 years
 51   20 December 2024 Approval of the Proposed Revision to Credit Policy
                                                                                                                    2.     Independent Commissioner                                                  Minimum Level 6         3 years
 52   27 December 2024 Approval of the Proposed Policy for Principal Credit Write-Offs Determined by the Board      3.     President Director or Director                                                 Level 7            3 years
                       of Directors for Debtors Meeting the Criteria and Requirements in Accordance with
                       Government Regulation No. 47 of 2024




PT BANK MANDIRI (PERSERO) TBK                           670                                                                                                                671                                        ANNUAL REPORT 2024
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BOARD OF COMMISSIONERS                                                                                                                                                                                                 BOARD OF COMMISSIONERS




Furthermore, the Risk Management Certification Refreshment Program is designed to maintain the                                              BOARD OF COMMISSIONERS PERFORMANCE ASSESSMENT
competency of holders of the Risk Management Certificate in the Bank risk management. The refreshment
program is carried out in compliance with the following provisions:                                                                         Assessment Procedure
1. conducted periodically at least once within 1 (one) year after the issuance of the Risk Management
   Certificate.                                                                                                                             The performance of the Board of Commissioners is collectively evaluated through a self-assessment
2. the program›s activities may include in-house training, seminars, dissemination of regulations from                                      process and reported to the GMS, where the Board’s performance is presented through a report on
   relevant authorities, workshops, e-learning, and/or work portfolios related to the Bank risk management.                                 the execution of duties to the Shareholders. At the GMS, shareholders review this report and grant full
                                                                                                                                            release and discharge (acquit et decharge) to the Board of Commissioners and the Board of Directors
The refreshment program can be utilized to extend the validity period of the Risk Management Certificate,                                   for their oversight and management responsibilities during the Fiscal Year.
provided the following criteria are met:
1. the refreshment program is conducted periodically at least once within 1 (one) year.                                                     This procedure ensures transparency and accountability, to evaluate the Board’s effectiveness in
2. the refreshment program is in the field of Bank risk management.                                                                         achieving the Bank’s objectives and upholding good corporate governance.
3. the refreshment program and its organizer are recognized by the Professional Certification Institution
   (LSP) in the banking sector.
                                                                                                                                                        Procedures of Performance Self-Assessment of the Board of Commissioners
The following is the list of Bank Mandiri›s Board of Commissioners who have successfully passed risk
management certification:
                                                                           Certificate                       Date
            Name                                Position                     Issuing             Level     Certificate    Expired Date
                                                                           Institution                      Issued                                                                                      Reporting the
                                                                                                                                                                                                        performance                 Accountability
M. Chatib Basri                    President Commissioner/                 LSPP/BNSP         6           30 January 2024 30 January 2027         Defining Aspects            Conduct self-              assessment of                accepted /
                                   Independent                                                                                                    of Supervision              assessment                 the Board of              rejected by the
                                                                                                                                                                               method                 Commissioners in the
                                                                                                                                                                                                                                        GMS
Zainudin Amali*                    Vice President                          LSPP/BNSP         6           23 February     23 February 2027                                                                    GMS
                                   Commissioner/                                                         2024
                                   Independent                                                                                                                                                                                     Remuneration
                                                                                                                                              1. Risk Profile                                                                        (Tantiem)
Loeke Larasati                     Independent                             LSPP/BNSP         6           30 January 2024 30 January 2027      2. Good Corporate Governance
Agoestina                          Commissioner                                                                                               3. Profitability
                                                                                                                                              4. Bank Capital
Muliadi Rahardja                   Independent                             BSMR              6           12 July 2024    12 July 2027
                                   Commissioner

Heru Kristiyana                    Independent                             LSPP/BNSP         7           30 January 2024 30 January 2027
                                   Commissioner
                                                                                                                                            Board of Commissioners Performance Assessment Criteria and Results
Rionald Silaban                    Commissioner                            LSPP/BNSP         6           30 January 2024 30 January 2027

Faried Utomo                       Commissioner                            LSPP/BNSP         6           30 January 2024 30 January 2027
                                                                                                                                            The performance assessment of the Board of Commissioners is evaluated based on Key Performance
                                                                                                                                            Indicators (KPIs) set at the beginning of the year. These KPIs serve as benchmarks to ensure that the
Arif Budimanta                     Commissioner                            BSMR              6           09 February     09 February 2027   Board fulfills its oversight role effectively and adds strategic value to the Company. The assessment
                                                                                                         2024
                                                                                                                                            encompasses four critical areas: Planning, Supervision and Advisory, Reporting, and Business Dynamics.
Muhammad Yusuf Ateh                Commissioner                            LSPP/BNSP         1***        14 June 2021    14 June 2025

Tedi Bharata**                     Commissioner                            LSPP/BNSP         6           03 June 2024    03 June 2027       1. Planning: This aspect focuses on the Board’s proactive role in establishing and aligning the Bank’s
 *)   Transfer of duties to Vice President Commissioner/Independent at the Annual GMS on 7 March 2024.
                                                                                                                                               strategic direction. It includes setting clear objectives, ensuring risk management plans are in place,
 **) Appointed as Commissioner effective from the Annual GMS on 7 March 2024.                                                                  and reviewing the Bank’s annual work plan to support sustainable growth.
 ***) Still in the process of alignment for Level 6


                                                                                                                                            2. Supervision and Advisory: The Board’s effectiveness in monitoring management activities and providing
                                                                                                                                               timely, strategic advice is measured. The Board ensures that corporate governance principles are
                                                                                                                                               upheld and offers insights on operational improvements.




PT BANK MANDIRI (PERSERO) TBK                                                672                                                                                                             673                                    ANNUAL REPORT 2024
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BOARD OF COMMISSIONERS                                                                                                                                                                  BOARD OF COMMISSIONERS




3. Reporting: This covers the Board’s accountability to stakeholders through regular, transparent reports.                                                         Unit               Plan Realized
                                                                                                             No.          Aspect and Parameter          Period              Weight                  Score         Result
   It involves the quality and timeliness of information provided to the shareholders about the Bank’s                                                            Output             Output Output
   progress and any significant developments.                                                                    III. Reporting Aspects

4. Business Dynamics: This aspect measures the Board’s adaptability to changing market and regulatory        1      Annual Board of Commissioners       Annual   Report       10       1         1         10      100%
                                                                                                                    Supervisory Report
   conditions. The Board is expected to address emerging challenges and opportunities that may impact
   the Bank’s performance, providing strategic adjustments when necessary.                                   Sub Total III                                                    10                           10      100%
                                                                                                                 IV. Dynamic Aspects
The following summarizes the achievements of the Board of Commissioners’ KPIs for 2024, reflecting their     1      External Auditor's Proposal to      Annual   Letter       5        1         1          5      100%
commitment to these core areas and their contribution to advancing the Bank’s goals.                                Shareholders

                                                                                                             2      Competency Improvement              Annual   Time         10       2         5         11      110%
                                                        Unit                Plan Realized                           through seminars, workshops, etc.
No.             Aspect and Parameter         Period                 Weight                Score   Result
                                                       Output              Output Output                     3      GCG assessment results of           Annual   Category     5      Good    Excellent      5      110%
                                                                                                                    the Board of Commissioners
    I. Planning Aspects
                                                                                                                    (self assessment/Independent
       Preparing the Work Plan and           Annual   Document       10      1       1     10     100%              Consultant)
       Budget as well as KPI of the Board                                                                    Sub Total IV                                                     20                           21      105%
       of Commissioners 2024
                                                                                                             Grand Total                                                     100                           105     104%
 Sub Total I                                                          10                   10     100%
    II. Oversight and Advisory Aspects

1      Providing responses/recommendations to Shareholders to:
                                                                                                             Assessors
       a. Work Plan and Budget               Annual   Letter          5      1       1      5     100%       In 2024, the Board of Commissioners conducted a self-assessment to evaluate its performance. This
       b. Annual Report                      Annual   Letter          5      1       1      5     100%       self-assessment process allowed the Board to critically review its effectiveness in fulfilling its roles and
                                                                                                             responsibilities, ensuring alignment with the Bank’s strategic objectives and adherence to good
       c. Quarterly Performance Analysis     Quarter Letter           5      3       3      5     100%
                                                                                                             governance principles.
       d. Bank Business Plan                 Annual   Letter          5      1       1      5     100%

2      Providing approval and advice to      Annual   Letter/        10      10     55     11     110%
       the Board of Directors in line with            Minutes
       the field of duties of the Board of
       Commissioners

3      Board of Commissioners Meeting

       a. Total Meetings                     Monthly Time            12      12     40     13     110%

       b. Meeting Attendance                 Monthly %                5     100     96      5      96%

       c. Completion of Meeting Minutes      Monthly Minutes          5      12     40      6     110%

4      BOC Working Visit                     Annual   Visit           8      2       6      9     110%
 Sub Total II                                                         60                   64      10%




PT BANK MANDIRI (PERSERO) TBK                                 674                                                                                                 675                                    ANNUAL REPORT 2024
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PERFORMANCE ASSESSMENT                                                                                                                                       PERFORMANCE ASSESSMENT OF THE COMMITTEES UNDER


OF THE COMMITTEES UNDER THE
                                                                                                                                                            THE BOARD OF COMMISSIONERS AND ASSESSMENT BASIS




BOARD OF COMMISSIONERS
AND ASSESSMENT BASIS
                                                                                                               AUDIT COMMITTEE                                             included designing a comprehensive package
                                                                                                                                                                           consisting of payroll/honorarium, benefits and
                                                                                                               The Audit Committee conducted 24 (twenty four)              allowances, and a bonus (tantiem) plan for 2024.
                                                                                                               meetings in 2024 and has effectively supported
Pursuant to POJK No. 55/POJK.04/2015 on the Establishment and                                                  the Board of Commissioners in fulfilling its oversight      The details information on the Remuneration and
                                                                                                               responsibilities during the year, which encompassed         Nomination Committee activities is presented in
Audit Committees Charter, POJK No. 34/POJK.04/2014 of 2014                                                     key areas such as monitoring internal and external          the sub-chapter of Remuneration and Nomination
on Nomination and Remuneration Committee of Issuers or Public                                                  audit functions, providing a structured and                 Committee in the Corporate Governance Chapter
Companies, POJK No. 18/POJK.03/2014 on the Implementation                                                      comprehensive approach to reviewing audit                   of this Annual Report.
                                                                                                               processes, assessing risk management practices,
of Integrated Governance for Financial Conglomerates,                                                          and enhancing transparency in financial reporting,          RISK OVERSIGHT COMMITTEE
POJK No. 17/2023 on the Governance Implementation for                                                          as well as verifying adherence to relevant laws
Commercial Banks, as well as SOE Minister Regulation No. PER-                                                  and regulations.                                            The Risk Oversight Committee held 27 (twenty
                                                                                                                                                                           seven) meetings in 2024, and actively supported
2/MBU/03/2023 on Guidelines of Governance and Significant                                                      The details information on the Audit Committee              the Board of Commissioners by providing key
Corporate Activities of State-Owned Enterprises, in carrying out                                               activities is presented in the sub-chapter of Audit         insights and input on the evaluation of risk
its duties, the Board of Commissioners receives assistance from                                                Committee in the Corporate Governance Chapter               management practices implemented by the
                                                                                                               of this Annual Report.                                      Board of Directors. The Committee reviewed and
committees directly responsible to the Board of Commissioners.                                                                                                             assessed various risk areas, ensuring that each
These committees execute their duties and responsibilities in                                                  REMUNERATION AND                                            area was managed in line with the Bank’s risk
accordance with the Committee Charter.                                                                         NOMINATION COMMITTEE                                        appetite and regulatory requirements.

                                                                                                               The Remuneration and Nomination Committee                   The details information on the Risk Oversight
                                                                                                               held 15 (fifteen) meetings in 2024, during which            Committee activities is presented in the sub-
                                                                                                               it has provided the Board of Commissioners with             chapter of Risk Oversight Committee in the
                                                                                                               recommendations and proposals for candidates                Corporate Governance Chapter of this Annual
In implementing its oversight functions, the Bank’s     Committee into its decision-making processes.          who met the qualifications to serve as Members              Report.
Board of Commissioners has established 4 (four)         Moreover, communication between the Board              of the Board of Commissioners and the Board
committees:                                             of Commissioners and the Committees has been           of Directors, for submission to the GMS. The                INTEGRATED GOVERNANCE
1. Audit Committee                                      consistent throughout the year, enabling regular       proposals were included drafting nomination                 COMMITTEE
2. Remuneration and Nomination Committee                discussions on matters relevant to Bank Mandiri. The   policies, setting criteria, and defining qualifications
3. Risk Oversight Committee                             strong communication framework has supported           for potential candidates, which aligned with                The Integrated Governance Committee held
4. Integrated Governance Committee                      effective follow-ups on initiatives advanced by        the Bank’s strategic objectives. In addition to             5 (five) meetings in 2024, which was focused
                                                        the Board of Directors and contributed to efficient    identifying suitable candidates for the Board of            on conducting comprehensive reviews and
The Board of Commissioners conducts an annual           decision-making and accountability.                    Commissioners, the Committee also supported                 analyses of governance issues impacting
evaluation to assess the effectiveness of the                                                                  the Board in gathering and analyzing data on                the Bank. The Committee examined policies,
performance of each committee operating                                                                        potential Board of Directors candidates, sourced            practices, and compliance matters, and providing
under its oversight. For 2024, based on the work                                                               from senior executives one level below the Board            recommendations.
programs outlined in each Committee’s Work Plan,                                                               of Directors.
the Board of Commissioners has determined that                                                                                                                             The details information on the Integrated
the Committees have effectively fulfilled their                                                                The Remuneration and Nomination Committee also              Governance Committee activities is presented
respective mandates. The Board has reviewed                                                                    assisted the Board of Commissioners in establishing         in the sub-chapter of Integrated Governance
and integrated the recommendations from each                                                                   an appropriate remuneration system for the Board            Committee in the Corporate Governance Chapter
                                                                                                               of Directors and Board of Commissioners. This               of this Annual Report.



PT BANK MANDIRI (PERSERO) TBK                         676                                                                                                            677                                  ANNUAL REPORT 2024
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ORGAN AND COMMITTEES UNDER                                                                                                                                         SECRETARY TO THE BOARD OF COMMISSIONERS

THE BOARD OF COMMISSIONERS

                                                                                                           Duties and Responsibilities
In fulfilling its supervisory duties, the Board of Commissioners is
supported by the Secretary to the Board of Commissioners and                                               Based on the Decree of the Board of Commissioners No. KEP. KOM/008/2023 concerning the Board
supporting Committees. The Committees currently established                                                of Commissioners Charter, the Secretary to the Board of Commissioners has the following duties and
                                                                                                           responsibilities:
under the Board of Commissioners include the Audit Committee,                                              • Prepare meetings, including briefing sheets for the Board of Commissioners;
Remuneration and Nomination Committee, Risk Oversight                                                      • Develop minutes of meetings of the Board of Commissioners in line with the Articles of Association;
Committee, and other committees, if deemed necessary and                                                   • Administer the Board of Commissioners’ documents, both incoming letters, outgoing letters, minutes
                                                                                                              of meetings and other documents;
in alignment with the Company’s operational capabilities and                                               • Prepare the draft work plan and budget for the Board of Commissioners;
needs. Each Committee is structured to address specific areas                                              • Prepare draft reports of the Board of Commissioners; and
of governance, ensuring that the Board of Commissioners                                                    • Carry out other duties of the Board of Commissioners.

can make informed decisions and uphold robust corporate
                                                                                                           Profile of Secretary to the Board of Commissioners
governance standards.
                                                                                                           The Secretary to the Board of Commissioners is currently held by M. Syaiful Anam who was appointed
                                                                                                           based on the Decree of the Board of Commissioners No. KEP. KOM/004/2022 dated 21 October 2022.

SECRETARY TO THE BOARD OF
COMMISSIONERS
                                                                                                                                      M. SYAIFUL ANAM
                                                                                                                                      Secretary to the Board
                                                                                                                                      of Commissioners




Bank Mandiri Board of Commissioners is supported by a Secretary
to the Board of Commissioners, who is appointed from an                                                    Age : 40 Years old                                               Business Sub-Division Ministry of SOEs (July
                                                                                                           Citizenship : Indonesian                                         2017-January 2019)
external party. The Secretary is appointed, and dismissed directly                                                                                                      •   Head of Construction Business Sub-division and
                                                                                                           Educational Background
by the Board of Commissioners and holds accountability to                                                  • Master of Management (Finance) Melbourne
                                                                                                                                                                            Advice and Infrastructure of Transportation Ministry
                                                                                                                                                                            of SOEs (October 2015-July 2017)
the Board for their performance. As an independent function,                                                 University (2021)
                                                                                                           • Bachelor of Accounting, University of Indonesia
                                                                                                                                                                        •   Secretary to the Supervisory Board of Perum
                                                                                                                                                                            BULOG (July 2019- September 2019)
the Secretary plays a crucial role in facilitating effective                                                 (2010)                                                     •   Secretary to the Board of Commissioners of PT
                                                                                                           • Diploma in Accounting, State College of                        Pelindo II (Persero) (March 2017-July 2019)
communication, coordinating meetings, and ensuring that all                                                  Accountancy (2005)                                         •   Secretary to the Board of Commissioners of PT
governance processes and documentation are accurately                                                      Professional Background                                      •
                                                                                                                                                                            Pelindo III (Persero) (March 2014-March 2017)
                                                                                                                                                                            Secretary to the Board of Commissioners/
managed.                                                                                                   • Head of Personnel Ministry of SOEs (March 2022 –
                                                                                                              present)
                                                                                                                                                                            Supervisory Board of PT Askes (Persero)/BPJS Health
                                                                                                                                                                            (July 2012-March 2014)
                                                                                                           • Coordinator on Energy, Oil and Gas Fronts Ministry
                                                                                                              of SOEs (September 2021-March 2022)
                                                                                                           • Member of Audit Committee of PT Angkasa Pura I
Secretary to the Board of Commissioners of Bank       establish a Board of Commissioners Secretariat          (October 2021-January 2022)
Mandiri has the duty to carry out the secretarial     led by the Secretary to the Board of Commissioners   • Member of Nomination and Remuneration
duties of the Board of Commissioners. Based on        whose duty is to assist in the efficient execution      Committee of PT Angkasa Pura II (January
                                                                                                              2022-September 2022)
SOE Minister Regulation No. PER-3/MBU/03/2023         of administrative activities in the implementation   • Acting Head of Mining, Strategic Industries and
on Organs and Human Resources of State-Owned          of duties and responsibilities of the Board of          Media Ministry of SOEs (January 2019-September
Enterprises, the Board of Commissioners shall         Commissioners.                                          2019)
                                                                                                           • Head of Agro and Pharmaceutical Industry




PT BANK MANDIRI (PERSERO) TBK                       678                                                                                                           679                                       ANNUAL REPORT 2024
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SECRETARY TO THE BOARD OF COMMISSIONERS                                                                                                                          AUDIT COMMITTEE


Competency Development

The following are competency development participated by the Secretary to the Board of Commissioners
during 2024:
No.                             Activity                        Organizer                 Date                  The Audit Committee holds the duty and responsibility of
1.    Internal Control over Financial Reporting               PwC             15 February 2024                  providing informed opinions to the Board of Commissioners on
2.    Mandiri Investment Forum                                Bank Mandiri    5 March 2024                      reports and other matters submitted by the Board of Directors.
3.    BOC Retreat - Cybersecurity                             Bank Mandiri    24-25 August 2024                 This includes a thorough review of financial statements,
4.    BOC Retreat – Outlook of Indonesia’s Economy 2025       Bank Mandiri    06-08 December 2024               assessment of the effectiveness of internal control systems,
                                                                                                                and monitoring of regulatory compliance. Moreover, the
                                                                                                                Committee identifies any issues within areas that require the
Activities of Secretary to the                            4. Coordinated the implementation of the
                                                                                                                attention of the Board of Commissioners, to ensure that financial
Board of Commissioners                                       Working Visit of the Board of Commissioners and
                                                             Committees under the Board of Commissioners,       reporting remains transparent, internal controls are robust, and
The Secretary to the Board of Commissioners is               including preparing Reports on the Results of      all compliance standards are met, thereby maintaining high
supported by a dedicated team, including Staff               Visits.
                                                                                                                governance standards.
and the Secretariat of the Board of Commissioners,        5. Administered correspondence for the
who ensure efficient operations and effective                Board of Commissioners and the Supporting
governance processes.                                        Committees of the Board of Commissioners,
                                                             including drafting the Board of Commissioners›
Below are the work programs and its realization in           approvals for matters proposed by the Board
2024, demonstrating the commitment to achieving              of Directors for their consent. These included     Legal Basis                                              6. Board of Commissioners Decree No. KEP.
the Board›s strategic and operational objectives:            proposals for the Provision of Funds to Related                                                                KOM/014/2024 dated 27 December 2024
1. Prepared meeting materials, minutes of                    Parties, Corporate Actions, Public Accountant      The establishment of the Audit Committee refers             on the Membership Composition of the
   meetings, and administer in an orderly manner             (AP) and Public Accounting Firm (KAP) for          to:                                                         Audit Committee, Risk Oversight Committee,
   the Board of Commissioners’ Meetings,                     the 2024 financial year audit, management          1. SOE Minister Regulation No. PER-2/MBU/03/2023            Integrated Governance Committee and
   Meetings of Committees under the Board of                 of Bank Mandiri and Subsidiaries, the 2025             on Guidelines for Governance and Significant            Remuneration and Nomination Committee
   Commissioners, and Joint Meetings.                        RKAP and the 2025–2027 RBB, the 2025–2029              Corporate Activities of State-Owned Enterprises;        of PT Bank Mandiri (Persero) Tbk.
2. Provided input and information to the Board               RKAB, updates to the 2024 Recovery Plan and        2. SOE Minister Regulation No. PER-3/MBU/03/2023         7. Decree of the Board of Directors No. KEP.
   of Commissioners on matters of concern to the             Resolution Plan, as well as other actions by the       on Organs and Human Resources of State-                 DIR/016/2024 dated 05 April 2024 on the
   Board of Commissioners, including policies and            Board of Directors requiring written approval          Owned Enterprises.                                      Determination of the Membership of the Audit
   strategies of the Board of Directors in order to          from the Board of Commissioners as stipulated      3. POJK No. 55/POJK.04/2015 on the Establishment            Committee of PT Bank Mandiri (Persero) Tbk.
   achieve strategic objectives in the 2023 RKAP,            in the Articles of Association and applicable          and Implementation Guidelines for the Audit
   the implementation of risk management, IT                 laws and regulations.                                  Committee.                                           Audit Committee Structure,
   governance, cybersecurity, digital initiative          6. Coordinated the participation of the Board         4. POJK No. 17 of 2023 on Governance Practices           Membership and Profile
   development, GCG implementation, ESG,                     of Commissioners and Committees under the              for Commercial Banks.
   HR development, audit findings and follow-                Board of Commissioners in training/ seminars/      5. Bank Mandiri Articles of Association and its          The structure and membership of the Audit
   up, Internal Control System, and Integrated               other competency development activities in             amendments.                                          Committee are as follows:
   Governance.                                               accordance with the supervisory area of each                                                                • The Audit Committee of the Company consists
3. Cooperated with Committees under the Board                Commissioner/Committee.                                                                                        of at least 3 (three) members that are from the
   of Commissioners in fulfilling the obligations         7. Cooperated with the Corporate Secretary                                                                        Independent Commissioners and Independent
   of the Board of Commissioners, including                  to prepare a new Commissioner orientation                                                                      Parties.
   reports from the Board of Commissioners to                program.
   the Regulator.                                         8. Carried out other duties to support the
                                                             efficiency of supervisory and advisory duties
                                                             by the Board of Commissioners.



PT BANK MANDIRI (PERSERO) TBK                         680                                                                                                          681                                   ANNUAL REPORT 2024
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AUDIT COMMITTEE                                                                                                                                                                                                        AUDIT COMMITTEE




• The composition of membership of the Audit Committee is at least 1 (one) Independent Commissioner
  as Chairman and concurrently a member, 1 (one) Independent Party who has expertise in finance
  or accounting, and 1 (one) Independent Party who has expertise in the field of law or banking.
• The Chairman of Audit Committee can only hold concurrent positions as chairman at most in 1 (one)
  another committee.
                                                                                                                                                      RASYID DARAJAT                            RUBI PERTAMA
                                                                                                                                                      Member of Audit                            Member of Audit
As of 31 December 2024, the composition of the Audit Committee’s membership appointed based on the                                                    Committee,                                     Committee,
Decree of the Board of Directors No. KEP.DIR/016/2024 dated 05 April 2024 regarding the Determination                                                 Independent Party                        Independent Party
of Audit Committee Membership, is as follows:

Audit Committee Composition as of 31 December 2024
                                                                                                                            Age : 61 Years old                                          Age : 61 Years old
                                                                                                                            Citizenship : Indonesian                                    Citizenship : Indonesian
                                          Position in the                                                                   Domicile : Tangerang Selatan                                Domicile : Jakarta
            Name                                                                 Position in the Company       Period
                                           Committee
                                                                                                                            Period of Assignment                                        Period of Assignment
Heru Kristiyana                    Chairman & Member                     Independent Commissioner             2023 - 2027   2 August 2021 – present                                     1 October 2021 – present
M. Chatib Basri                    Member                                President Commissioner/Independent   2024 - 2029   Educational Background                                      Educational Background
                                                                                                                            • Master of Management, BINUS Business School (2022)        Bachelor Degree in Civil Engineering, Institute of
Zainudin Amali*                    Member                                Vice President Commissioner/         2023 - 2028
                                                                                                                            • Bachelor’s Degree in Civil Engineering, Institute of      Technology Bandung (1987)
                                                                         Independent
                                                                                                                              Technology Bandung (1987)
Muliadi Rahardja                   Member                                Independent Commissioner             2022 - 2026                                                               Legal Basis of Appointment
                                                                                                                            Legal Basis of Appointment                                  Appointed as member of the Audit Committee as of 1
Loeke Larasati                     Member                                Independent Commissioner             2020 - 2024   Appointed as member of the Audit Committee as of 2          October 2021 pursuant to the Board of Directors Decree
Agoestina                                                                                                                   August 2021 pursuant to the Board of Directors Decree       No. KEP.DIR/053/2021.
                                                                                                                            No. KEP.DIR/036/202.
Rasyid Darajat                     Member                                Independent Party                    2021 - 2026                                                               Professional Background
                                                                                                                            Professional Background                                     • Member of Risk Oversight Committee of Indonesia
Rubi Pertama                       Member                                Independent Party                    2021 - 2026   • Chief Auditor IT of PT Bank Mandiri (Persero) Tbk.           Eximbank (2020 – September 2021)
 *) Transfer of duties to Vice President Commissioner/Independent at the Annual GMS on March 7, 2024.                          (2015 - 2020)                                            • Member of Audit Committee and Industrial Risk
                                                                                                                            • Chief Information Officer (CIO) of PT Indika Energy          Oversight Committee of Bank of Korea Indonesia
                                                                                                                               Tbk (2009 - 2014)                                           (2019 – 2020)
                                                                                                                            • Chief Information Officer (CIO) of Reconstruction and     • Risk Management Advisor of Indonesia Eximbank
                                                                                                                               Rehabilitation Agency (BRR) Aceh-Nias (2005-2009)           (2019)
Audit Committee Profile                                                                                                     • Chief Operating Officer (COO) of PT MVCommerce            • Risk Management Unit Manager of JPMorgan Chase
                                                                                                                               Indonesia (2002 - 2005)                                     Bank, N.A (2013 – 2018)
                                                                                                                            • Director/President Director of PT IndoExchange Tbk        • Compliance Manager of JPMorgan Chase Bank,
The profile of the Audit Committee members as members of the Board of Commissioners can be viewed
                                                                                                                               (1996 - 2001)                                               N.A (2010 – 2013)
in Chapter 3 Profile of the Board of Commissioners in this Annual Report.                                                   • Konsultan SGV-Utomo/Andersen Consulting (1989             • Head of Risk Management Bank UOB Indonesia (2008)
                                                                                                                               - 1996)                                                  • Head of Audit & Risk Management PT CIMB Niaga
The following are profile of the Audit Committee members as non-Commissioner Independent Parties.                                                                                          (1990 – 2007)




PT BANK MANDIRI (PERSERO) TBK                                                 682                                                                                                 683                                      ANNUAL REPORT 2024
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AUDIT COMMITTEE                                                                                                                                                                                         AUDIT COMMITTEE




Audit Committee Charter                                       ii)  Audit Reports related to the Company’s           b. Internal Audit                                              »» Audit Plan, Scope, and Budget of
                                                                   Financial Statements.                               i) To monitor, review and assess:                              the Internal Audit Unit.
In executing its duties, the Audit Committee is               iii) The Company’s Work Plan and Budget                       »» Audit Plan, Scope and Budget of the                 »» Provision of annual remuneration for
guided by the principles and procedures outlined                   as well as the Company’s Long-Term                           Internal Audit Unit.                                  the Internal Audit Unit as a whole
in the Audit Committee Charter. This Charter,                      Plan.                                                    »» Implementation of internal audit                       and as a performance awards.
which was last updated on 31 May 2024, following              iv) Complaints relating to the accounting                         activities and results as well as                  »» Corrective actions to address control
the Decree of the Board of Commissioners                           and financial reporting process of the                       the effectiveness of internal audit                   weaknesses, fraud, compliance
No. KEP.KOM/006/2024 concerning the Audit                          Company.                                                     implementation.                                       issues with policies and laws and
Committee Charter and the Audit Committee                     v) The financial reporting process audited                    »» Performance of the Internal Audit                      regulations or other issues identified
Code of Conduct of PT Bank Mandiri (Persero) Tbk,                  by the External Auditor.                                     Unit.                                                 and reported by the Internal Audit
establishes a clear framework for the Committee’s          b. Ensure of a satisfactory evaluation                           »» Audit Result Reports, particularly                     Unit.
responsibilities and ethical conduct.                         procedure for all information released by                         significant findings and ensuring                  »» Improvement of the management
                                                              the Company.                                                      the Board of Directors takes the                      control system and its implementation.
The Charter serves as a vital document, providing          c. Conducting periodic meetings with relevant                        necessary corrective actions quickly          vi) Conduct communication/meetings
structure and accountability for the Audit                    work units and Auditors (Internal and                             to address control weaknesses,                     with the Internal Audit Unit (periodically
Committee’s work, ensuring all actions are aligned            External) to request additional information                       fraud, compliance issues with                      or as needed) to discuss matters
with best practices and the governance standards              and clarification in accounting and finance.                      policies, laws and regulations, or                 including the following:
of Bank Mandiri.                                           d. M o n i t o r i n g a n d e v a l u a t i n g t h e               other issues identified and reported               »» Realization of the Annual Audit Plan
                                                              appropriateness of the implementation                             by the Internal Audit Unit.                           and Budget of the Internal Audit Unit.
The Audit Committee Charter includes:                         of financial policies of the Company and                      »» Suitability of the implementation                   »» Significant audit findings and no further
1. General Purpose                                            Financial Services Institutions (FSIs) within                     of the Internal Audit policies of the                 Internal Audit recommendations.
2. Basic Regulations                                          the Financial Conglomeration.                                     Company and FSIs in the Financial                  »» Other matters that require clarification
3. Duties, Responsibilities and Authority                  e. Provide recommendations to the Board of                           Conglomeration.                                       or explanation.
4. Composition, Structure, Membership                         Commissioners on matters that support the                     »» Implementation of other Internal            c. External Audit
   Requirements and Tenure                                    effectiveness and accuracy of the financial                       Audit Unit functions in accordance            i) Monitoring, reviewing, and assessing the
5. Meetings                                                   reporting process of the Company and FSIs                         with the provisions of laws and                    effectiveness of audit implementation
6. Reports and Recommendations                                within the Financial Conglomeration.                              regulations, articles of association,              by AP and/or KAP.
7. Handling of Complaints/Reporting Regarding                                                                                   and/or decisions of the GMS/Minister          ii) Ensure the objectivity and independence
   Alleged Violations on Financial Reporting           2. Internal Control                                                      of SOEs.                                           of AP, KAP, and KAP insiders.
8. Performance Evaluation                                 a. Internal Control Process and System                       ii) Ensure that the Internal Audit Unit                iii) Provide recommendations on:
9. Closing                                                    i) Monitoring and reviewing:                                  works objectively, independently,                      »» Appointment of Public Accountant
                                                                 »» The Company’s standardized internal                     and upholds integrity in carrying out                     (AP) and Public Accounting
Duties and Responsibilities                                         control system in accordance with                       its duties.                                               Fir m (KAP) that will audit the
of the Audit Committee                                              applicable best practices.                         iii) Request assistance from the Internal                      Company’s financial statements to
                                                                 »» Audit reports of the Internal Audit                     Audit Unit to conduct special audits/                     the Board of Commissioners to be
Duties and responsibilities of the Audit Committee                  Unit and External Auditors that                         investigations if there are audit findings                submitted to the General Meeting
are regulated in the Audit Committee Charter as                     audit the Company to ensure that                        and/or information relating to violations                 of Shareholders (GMS). In preparing
follows:                                                            internal control has been properly                      of prevailing laws and regulations and                    the recommendation, the Audit
1. Financial Statements                                             implemented.                                            provide input deemed necessary in the                     Committee may consider:
    a. Monitoring and reviewing:                                 »» Implementation of the Board of                          implementation of the audit.                           »» Independence of AP, KAP, and KAP
       i) Credibility and objectivity of the                        Directors’ follow-up on the findings               iv) Ensure that the Internal Audit Unit                        human resources;
          Company’s financial statements and                        of the Internal Audit Unit, public                      communicates with the Board of                         »» Audit scope;
          information to be issued to external                      accountants and the results of                          Directors, Board of Commissioners,                     »» Audit service fees;
          parties and regulatory institutions,                      regulatory supervision.                                 External Auditors, and Regulators.                     »» Expertise and experience of AP, KAP,
          including follow-up of complaints and/                 »» The adequacy of internal control                   v) Provide recommendations to the Board                        and Audit Team from KAP;
          or notes of impropriety against the                       in the Financial Services Institutions                  of Commissioners regarding:                            »» Audit methodologies, techniques,
          reports during the Audit Committee                        within the Financial Conglomerate.                      »» Appointment and dismissal of the                       and tools used by KAP;
          review period.                                                                                                        Head of the Company’s Internal
                                                                                                                                Audit Unit proposed by the Board
                                                                                                                                of Directors.

PT BANK MANDIRI (PERSERO) TBK                        684                                                                                                             685                                   ANNUAL REPORT 2024
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AUDIT COMMITTEE                                                                                                                                                                                         AUDIT COMMITTEE




           »» he benefits of new perspectives                       »» Recommendations for improvement          3. Compliance                                            4. Assign the Internal Auditor and/or External
              that will be obtained through the                        provided by the AP and/or KAP.              Monitoring and reviewing:                                Auditor to conduct a special audit/
              replacement of AP, KAP, and Audit               vi) Communicating periodically with                  a. The Company’s compliance with laws and                investigation, if there is a strong suspicion
              Team from KAP;                                        KAP who is auditing Bank Mandiri                   regulations, both internal and external,             of fraud, violation of law and violation of
           »» Potential risks of using audit services               to discuss matters that need to be                 relating to the Company’s business                   prevailing laws and regulations.
              by the same KAP consecutively for                     communicated, including the following:             activities.                                       5. Obtain input and/or advice from external of
              a long period of time; and                            »» Progress of inspection implementation.      b. Audit reports related to the Company’s                the Company relating to its duties.
           »» The result of evaluation on the                       »» Important findings.                             compliance with internal and external             6. Involve independent parties from external of
              implementation of audit services                      »» Changes in accounting and financial             regulations issued by the Internal and               the Committee members as necessary to assist
              on annual historical financial                           regulations/rules from authorized               External Audit Unit.                                 in the performance of its duties (if required).
              information by AP and KAP in the                         institutions.                               c. Suitability of audit implementation by the         7. Perform other authorities granted by the Board
              previous period, if any.                              »» Adjustments made based on the                   Public Accounting Firm with applicable               of Commissioners.
           »» In the event that the AP and/or                          examination results.                            audit standards.
              KAP that has been decided by the                      »» Constraints/obstacles encountered           d. Conformity of financial statements with            Audit Committee Tenure
              GMS cannot complete the audit                            in the implementation of the audit.             applicable accounting standards.
              services on annual historical financial         vii) Reviewing and monitoring:                       e. Potential conflict of interest of the Company.     The tenure of members of the Audit Committee
              information during the professional                   »» All significant findings from the        4. Conducting periodic meetings with relevant            as members of the Board of Commissioners must
              assignment period, the appointment                       examination results of the External         work units to discuss matters within the scope        not be longer than the tenure of the Board of
              of a replacement of AP and/or KAP                        Auditor and other auditing                  of its supervision.                                   Commissioners as stipulated in the Articles of
              shall be carried out by the Board                        institutions.                            5. Prepare the Audit Committee Charter and               Association and can be re-elected for the next
              of Commissioners after obtaining                      »» The auditee’s follow-up to the results      review it as needed at least every 2 (two)            1 (one) period. Whereas the tenure of the Audit
              approval from the GMS by taking                          of the audit conducted by the               years.                                                Committee members from Non-Commissioner
              into account the recommendations                         external auditor.                                                                                 Independent Parties is the latest 3 (three) years
              of the Audit Committee.                         viii) Providing an independent opinion in         Audit Committee Authority                                and can be extended 1 (one) time during 2 (two)
           »» Termination of AP and KAP.                            the event of a difference of opinion                                                                 years of tenure by not eliminating the rights of the
       iv) Review and ensure that:                                  between the Board of Directors and          The Audit Committee has the authority to:                Board of Commissioners to terminate at any time.
           »» Bank Mandiri has a standardized                       the AP and/or KAP on the services           1. Communicate directly with employees,
              procedure and is in accordance with                   provided.                                      including the Board of Directors, parties that        Audit Committee Reporting
              the prevailing rules/regulations in the         ix) Specifically for the procurement of non-         implement the internal audit function, risk
              implementation of KAP selection.                      audit services that will invite KAP who        management, and other parties at the Public           The Audit Committee is required to prepare
           »» The process of KAP selection is in                    is auditing the Company’s financial            Accountant Firm that audits the Company               periodic reports to the Board of Commissioners
              accordance with standardized                          statements in the current year and its         for information, clarification and requests for       regarding the activities of the Audit Committee,
              procedures.                                           affiliates, and based on Management’s          documents and reports needed.                         at least once in 3 (three) months. The Audit
       v) The Audit Committee evaluated the                         review there is no conflict of interest,    2. Access all relevant information about the             Committee is also required to submit a report to
           implementation of audit services on                      Management must submit a proposal              Company related to the implementation of              the Board of Commissioners on each assignment
           annual historical financial information                  for approval to the Audit Committee            its duties and functions, including records           and or for each identified problem requiring the
           by AP and/or KAP. The evaluation is                      regarding the partners invited to the          or information about employees, funds,                attention of the Board of Commissioners.
           conducted through:                                       procurement of consulting services.            assets, and other resources belonging to the
           »» Compliance of audit implementation                                                                   Company.                                              The Audit Committee also prepares audit
              by AP and/or KAP with applicable                                                                  3. Obtaining reports on the audit results of the         evaluation results on the annual historical financial
              audit standards.                                                                                     Internal Auditor and External Auditor, as well        information by the External Auditors at the latest
           »» Adequacy of field work time.                                                                         as other supervisory/auditors.                        6 (six) month after the fiscal year ends or at any
           »» Assessment of the scope of services                                                                                                                        time if necessary.
              provided and the adequacy of the
              audit.




PT BANK MANDIRI (PERSERO) TBK                           686                                                                                                        687                                     ANNUAL REPORT 2024
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AUDIT COMMITTEE                                                                                                                                                                                                                        AUDIT COMMITTEE




Audit Committee Qualifications                               b. Must understand financial statements,             Audit Committee Qualifications and Professional Background
and Professional Background                                     company business especially related to
                                                                                                                       Name                 Position               Period                           Education                   Professional Background
                                                                the company services or business, audit
The Audit Committee membership requirements                     process, and risk management.                     Rubi Pertama          Member               1 January – 31 Bachelor Degree in Industrial                      Professional background in
are as follows:                                              c. Able to work together and have the ability                                                   December 2024 Engineering                                         banking, auditing, and risk
                                                                                                                                                                                                                               management
1. General Requirements                                         to communicate well and effectively and
                                                                                                                   *) Transfer of duties to Vice President Commissioner/Independent at the Annual GMS on March 7, 2024.
   a. Having integrity, character and good morals.              are willing to provide sufficient time to carry
   b. Does not have personal interests/relationships            out duties.
       that can cause conflict of interest against           d. Have adequate knowledge of the
       the Company.                                             Company’s Articles of Association, laws and       Independence of Audit Committee
2. Competence Requirements                                      regulations in the banking sector, Capital
   a. Have sufficient expertise, ability, knowledge             Market, SOEs and other relevant laws and          All members of the Audit Committee are independent parties who have no financial, management,
       and experience related to duties and                     regulations.                                      shareholder, or familial ties with the Board of Commissioners, the Board of Directors, and/or the Controlling
       responsibilities.                                     e. Willing to increase competence continuously       Shareholders. Additionally, there are no relationships with the Bank that could compromise their ability to
                                                                through education and training.                   carry out their duties impartially and objectively, ensuring they maintain full independence in overseeing
                                                                                                                  and evaluating the Bank’s operations.

The qualifications and professional experience of the Chairman and Members of the Audit Committee                                                                                  M.                                Loeke
are as follows.                                                                                                                                                          Heru                      Zainudin                     Muliadi   Rasyid      Rubi
                                                                                                                           Independence Aspects                                  Chatib                             Larasati
                                                                                                                                                                      Kristiyana                    Amali*                     Rahardja   Darajat   Pertama
                                                                                                                                                                                  Basri                            Agoestina
Audit Committee Qualifications and Professional Background
                                                                                                                  Does not have financial relations
                                                                                                                  with the Board of Commissioners and                       √             √             √                 √        √         √         √
    Name           Position         Period               Education               Professional Background          Directors
Heru Kristiyana Chairman        1 January – 31 • Bachelor in Law               Professional background in         Does not have management relations
                and             December 2024 • Master in Management           banking oversight.                 in the company, subsidiaries, or                          √             √             √                 √        √         √         √
                Member                                                                                            affiliates
M. Chatib        Member         1 January – 31 • Bachelor Degree in            Professional background            Does not have shareholding relations
Basri                           December 2024    Economics                     in finance and corporate                                                                     √             √             √                 √        √         √         √
                                                                                                                  in the company
                                               • Master of Business            oversight.
                                                 Administration in Economic                                       Does not have family relations with
                                                 Development                                                      the Board of Commissioners, Directors
                                                                                                                                                                            √             √             √                 √        √         √         √
                                               • Ph. D in Economics                                               and/or with fellow members of Audit
                                                                                                                  Committee
Zainudin         Member         8 March – 31  • Bachelor of Economics in       Professional background in
Amali*                          December 2024   Accounting                     economic-accounting and            Does not serve as the management
                                              • Master Master of Public        corporate oversight.               in political parties, officials and in the                √             √             √                 √        √         √         √
                                                Policy                                                            government
                                              • Doctor of Political Science
                                                                                                                  *) Transfer of duties to Vice President Commissioner/Independent at the Annual GMS on March 7, 2024.
                                              • Honorary Professor Sport
                                                Policy

Loeke Larasati Member           1 January – 31 • Bachelor of Law               Professional background in in      Audit Committee Meeting
Agoestina                       December 2024 • Master Degree in               legal and banking.
                                                 Management                                                       The Audit Committee holds regular meetings at least 1 (one) in 1 (one) month. A meeting can be
Muliadi          Member         1 January – 31 • Bachelor of Accounting        Professional background            held if it is attended by at least 51% of the total committee members including 1 (one) Independent
Rahardja                        December 2024 • Master of Business             in banking and corporate           Commissioner and 1 (one) Independent Party.
                                                 Administration in Finance     oversight

Rasyid Darajat Member           1 January – 31 • Bachelor Degree in Civil      Professional background in         Decisions of the Audit Committee meeting is taken based on deliberation to reach consensus. The
                                December 2024    Engineering                   banking, auditing, and IT          meeting is chaired by the Chairman of the Audit Committee or other Committee Members who are
                                               • Master in Management
                                                                                                                  Independent Commissioners, if the Chairman of the Audit Committee is unable to attend.




PT BANK MANDIRI (PERSERO) TBK                          688                                                                                                                                  689                                           ANNUAL REPORT 2024
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AUDIT COMMITTEE                                                                                                                                                                                                                   AUDIT COMMITTEE




Each Audit Committee meeting is stated in the meeting minutes, including dissenting opinions, which are
signed by all members of the Audit Committee present and submitted to the Board of Commissioners.                 No.               Date                                                         Agenda                                   Quorum

Meeting Agenda of Audit Committee                                                                                  22    28 November 2024               2025 IT Strategic Plan                                                              100%

                                                                                                                   23    11 December 2024               Proposal for the Annual Audit Plan (AAP) and SKAI Budget for 2025                   100%
The Audit Committee held 24 (twenty four) Meetings during 2024, with the following agenda.
                                                                                                                   24    19 December 2024               Progress on the Audit of the 2024 Financial Year Consolidated                       100%
                                                                                                                                                        Financial Statements
Audit Committee Meeting Agenda                                                                                                                          Proposal for the Memorandum of Procedures for Internal Control
                                                                                                                                                        over Financial Reporting (ICoFR) and Follow-Up to the Ministry of
 No.           Date                                            Agenda                                   Quorum                                          SOEs Letter regarding ICoFR

  1    11 January 2024          Realization of the Digital Market (PaDi) for MSMEs in 2023               100%
                                                                                                                 Audit Committee Meeting Frequencies and Attendance
  2    24 January 2024          1. Quarterly IV/2023 Key Audit Findings Report                           100%
                                2. Consolidated Financial Statements of Bank Mandiri and                                        Name                                         Position                       Total Meetings   Total Attendance   (%)
                                   Subsidiaries as of December 31, 2023 (Audited)
                                                                                                                 Heru Kristiyana                           Chairman and Member                                          24          24          100
  3    31 January 2024          Distribution of Social & Environmental Responsibility (TJSL) Funds in    100%
                                2023                                                                             M. Chatib Basri                           Member                                                       24          23             96

  4    06 February 2024         Proposal for Public Accountant (AP) and Public Accounting Firm           100%    Zainudin Amali*                           Member                                                       19          19          100
                                (KAP) for the 2024 Financial Year
                                                                                                                 Loeke Larasati Agoestina                  Member                                                       24          23             96
  5    22 February 2024         Quarterly IV/2023 Compliance Director’s Report                           100%
                                                                                                                 Muliadi Rahardja                          Member                                                       24          24          100
  6    14 March 2024            Discussion on the Draft Collegial Key Performance Indicators (KPI)       100%
                                for the Board of Directors for 2024                                              Andrinof A. Chaniago**                    Member                                                       5           5           100

  7    18 April 2024            Progress on the Implementation of Internal Control over Financial        100%    Rasyid Darajat                            Member                                                       24          24          100
                                Reporting (ICoFR) at Bank Mandiri
                                                                                                                 Rubi Pertama                              Member                                                       24          24          100
  8    02 May 2024              Digital Marketing Effectiveness & Strategies                             100%    *) Transfer of duties to Vice President Commissioner/Independent at the Annual GMS on March 7, 2024.
                                                                                                                 **) The term of office ends effectively from the Annual GMS on March 7, 2024.
  9    08 May 2024              Quarterly I/2024 Key Audit Findings Report                               100%

  10   21 May 2024              Management of Outsourced Personnel (TAD)                                 100%

  11   13 June 2024             Progress on the Follow-Up of the 2023 Fiscal Year Audit                  100%
                                                                                                                 Key Performance Indicators                                                       good and consistent engagement were
                                Management Letter                                                                Achievement                                                                      implemented in 2024, with regular discussions
                                                                                                                                                                                                  addressing key issues and monitoring the progress
  12   25 June 2024             Proposal for Revision of the 2024 RKAP and the 2024–2026 RBB             100%
                                                                                                                 The achievements of the Audit Committee’s Key                                    of follow-up actions by the Board of Directors.
  13   18 July 2024             Quarterly II/2024 Key Audit Findings Report                              100%    Performance Indicators (KPIs) in 2024 can be
  14   08 August 2024           2024 Information Technology Strategic Plan                               100%    assessed through the successful implementation                                   Audit Committee Remuneration
                                                                                                                 of the work plan, the quality and effectiveness of
  15   22 August 2024           Semester I/2024 Compliance Director's Report and Strengthening of        100%
                                AML-CTF and PPPSPM                                                               the recommendations provided, and the level                                      The remuneration of Audit Committees for the
                                                                                                                 of communication established with the Board                                      Independent Non-Commissioners is regulated by
  16   19 September 2024        1. Proposal for the Corporate Plan for 2025–2029                         100%
                                                                                                                 of Commissioners, the Board of Directors, and                                    the Decree of the Board of Commissioners No. KEP.
                                2. Results of the ICoFR Diagnostic for Bank Mandiri and Subsidiaries
                                                                                                                 relevant Unit Heads.                                                             KOM/0023/2023 dated 13 September 2023 on the
  17   26 September 2024        Progress on the Implementation of the Personal Data Protection           100%                                                                                     Remuneration of Supporting Organs of the Board
                                (PDP) Law
                                                                                                                 Overall, the Audit Committee has effectively                                     of Commissioners of PT Bank Mandiri (Persero)
  18   30 September 2024        Audit Plan for the Consolidated Financial Statements of Bank             100%    executed work programs outlined in the                                           Tbk and regulated in the Letter of Assignment of
                                Mandiri for the 2024 Financial Year
                                                                                                                 2024 Audit Committee Work Plan. Moreover,                                        member of the Committee under the Board of
  19   17 October 2024          Progress on Improvements in SLIK and LBUT Reporting                      100%    recommendations issued by the Audit                                              Commissioners issued by Bank Mandiri.
                                                                                                                 Committee have been endorsed by the Board
  20   31 October 2024          Quarterly III/2024 Key Audit Findings Report                             85,7%
                                                                                                                 of Commissioners and were considered in the
  21   14 November 2024         Proposal for the 2025 RKAP, 2025–2027 RBB, and Collegial KPIs for        85,7%   decision-making process for proposals submitted
                                2025
                                                                                                                 by the Board of Directors. On communication,




PT BANK MANDIRI (PERSERO) TBK                               690                                                                                                                          691                                        ANNUAL REPORT 2024
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AUDIT COMMITTEE                                                                                                                                                                                       AUDIT COMMITTEE




 No.                Description                      Member of Non-Commissioner Committee                           Audit Committee Work Plan 2025
1.     Salary/Honorarium                Maximum 20% of President Director Salary
                                                                                                                    At the end of 2024, the Audit Committee has prepared a work plan 2025 and has obtained the approval
2.     Post Tenure Benefits             Not provided
                                                                                                                    from the Board of Commissioners. The Audit Committee work plan 2025 is divided into 2 (two) activities,
3.     Holiday Allowance                Provided as per the Bank Internal Rules                                     which are: Mandatory/Regular and Non-Regular as follows:
4.     Bonus/Tantiem                    Not provided                                                                1. Mandatory/Regular, which includes review of Financial Statements, Public Accountant (AP) and
                                                                                                                        Public Accounting Firm (KAP), Compliance, Internal Audit, Corporate Work Plan & Budget (RKAP)
5.     Facilities
                                                                                                                        and Bank Business Plan (RBB), as well as other Internal Audit Committee activities.
       - Transportation Allowance       Not provided                                                                2. Non-Regular, which includes the concern and focus of the Audit Committee on certain issues,
       - Health                         Provided as per the Bank Internal Rules                                         particularly business and credit, IT and operations, and GRC.

       - Employment                     Provided as per the Bank Internal Rules
                                                                                                                    The work plan serves as one of the KPIs used to assess the effectiveness of the Audit Committee›s
       - Business Trips                 As per Bank Mandiri’s Employee rules/equivalent to Group Head               performance during 2025.

Audit Committee Activities in 2024                          3. Reviewed financial reports and information,
                                                               both in-house/unaudited and audited, to be
The Audit Committee has effectively fulfilled its              published.
duties and responsibilities as outlined in the Audit        4. Reviewed over 25 (twenty five) Reports/
Committee Charter. This was achieved by applying               Proposals/ Recommendations from the Board
the principle of independence in alignment with                of Directors requiring written approval from               Statement of the Audit Committee on the Effectiveness
applicable regulations and in strict adherence to              the Board of Commissioners and prepared                    of Internal Control System and Risk Management
the 2024 Audit Committee Work Plan, which was                  recommendations, including proposals for the
duly approved by the Board of Commissioners.                   appointment of Public Accountants (AP) and
                                                               Public Accounting Firms (KAP) to audit the 2023
The Audit Committee work plan 2024 is divided                  Consolidated Financial Statements, RKAP &
                                                                                                                         Bank Mandiri's internal control system has been deemed effective and
                                                                                                                         comprehensive, demonstrated by the robust implementation of internal
into 2 (two) activities, namely Mandatory/Regular              RBB proposals and their revisions, as well as the
                                                                                                                         control functions. This includes the Internal Audit function, Risk Management,
and Non-Regular as follows:                                    Annual Audit Plan and Internal Audit Budget
                                                                                                                         Compliance, and both Financial and Operational controls. The effectiveness
1. Mandatory/Regular, which includes review of                 for 2024.
                                                                                                                         of these control measures reflects the Bank’s commitment to maintaining
    Financial Statements, implementation of audits          5. Prepared 4 (four) Quarterly Reports on the                a sound internal environment, ensuring risk mitigation, compliance with
    by Public Accountant Firms, implementation                 Committee›s activities, which were submitted              regulations, and the safeguarding of assets, ultimately supporting sustainable
    of Compliance, Internal Audit, review of                   to the Board of Commissioners.                            business growth.
    Corporate Work Plans & Budget and Bank                  6. Compiled a Report on the Evaluation of Audit
    Business Plans, results and improvement of                 Services on the Annual Historical Financial
    findings of supervisory authority, as well as other        Information of Bank Mandiri for the 2023
    internal activities of the Audit Committee.                Financial Year by KAP Rintis, Jumadi, Rianto
2. Non-Regular, which includes the concern                     & Rekan (PwC).
    and focus of the Audit Committee on certain             7. Conducted 6 (six) Site Visits, including preparing
    issues, especially on business and loans, IT and           the Site Visit Reports, to Bank Mandiri Dili-Timor
    operations, as well as GRC.                                Leste (26-28 February 2024), PT Mandiri Tunas
                                                               Finance (8 May 2024), PT Mandiri Utama
The following were activities of the Audit                     Finance (8 May 2024), Sorong Area - Region XII
Committee during 2024:                                         (6-7 June 2024), the CISO Office (5 June 2024),
1. Held 24 (twenty four) Audit Committee                       and Sentra Mandiri Soeroso (10 October 2024).
   Meetings, including preparing the Meeting                8. Developed the Audit Committee Work Plan
   Minutes.                                                    for 2025.
2. Conducted 101 Internal Discussions, Discussions          9. All Committee members participated in at
   with relevant Work Units, and Joint Discussions             least one competency development activity
   with the Risk Monitoring Committee, including               related to Banking/Audit.
   preparing and documenting the Discussion
   Minutes.

PT BANK MANDIRI (PERSERO) TBK                             692                                                                                                       693                                  ANNUAL REPORT 2024
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REMUNERATION AND                                                                                                                                                                   REMUNERATION AND NOMINATION COMMITTEE



NOMINATION COMMITTEE
                                                                                                          Structure, Membership and Profile of the Remuneration
                                                                                                          and Nomination Committee

                                                                                                          The membership stipulation of the Remuneration and Nomination Committee are as follows:
The establishment of the Remuneration and Nomination                                                      1. The Remuneration and Nomination Committee consists of at least 3 (three) people with a composition
                                                                                                             of 1 (one) Independent Commissioner as Chair and member, 1 (one) Commissioner, and 1 (one)
Committee is intended to support the Board of Commissioners in                                               Executive Officer who oversees the Resources function. Human or 1 (one) Representative officer (ex
its supervisory role by ensuring that the processes for nomination                                           officio) as a non-voting member.
and remuneration of key management positions are conducted                                                2. The Executive Officer in charge of Human Resources or employee representatives who are members
                                                                                                             of the Committee must have knowledge of the Company’s remuneration and/or nomination system
objectively, efficiently, and effectively. As part of the Corporate                                          and succession plan.
Governance implementation, the OJK regulations require                                                    3. When there are more than 3 (three) members of the Remuneration and Nomination Committee, the
banks to form a Remuneration and Nomination Committee to                                                     members of the Independent Commissioners shall be no less than 2 (two) people.

uphold compliance with core principles, including transparency,                                           4. The Chairman of the Remuneration and Nomination Committee may only hold concurrent positions
                                                                                                             as Chair of the Committee at most in 1 (one) another Committee.
accountability, responsibility, independence, and fairness.
This Committee plays a critical role in aligning management’s                                             As of 31 December 2024, the composition of the Remuneration and Nomination Committee’s membership
compensation with performance, industry standards, and the                                                appointed based on the Decree of the Board of Directors No. KEP.DIR/019/2024 dated 05 April 2024
                                                                                                          regarding the Determination of Remuneration & Nomination Committee Membership, is as follows:
Bank’s long-term strategy.
                                                                                                                     Name                    Position in the Committee                       Position in Bank Mandiri         Period
                                                                                                          M. Chatib Basri                   Chairman & Member                           Komisaris Utama/Komisaris           2024 - 2028
                                                                                                                                                                                        Independen

                                                                                                          Muliadi Rahardja                  Member                                      Komisaris Independen                2022 - 2027
Legal Reference                                         7. Decree of the Board of Commissioners No.       Rionald Silaban                   Member                                      Komisaris                           2024 - 2029
                                                           KEP.KOM/014/2024 dated 27 December 2024
                                                                                                          Arif Budimanta                    Member                                      Komisaris                           2020 – 2025
The establishment of the Remuneration and                  on the Composition of Memberships of the
Nomination Committee refers to:                            Audit Committee, Risk Oversight Committee,     Faried Utomo                      Member                                      Komisaris                           2020 – 2025
1. SOE Minister Regulation No. PER-2/MBU/03/2023           Integrated Governance Committee and            Muhammad Yusuf Ateh               Member                                      Komisaris                           2021 – 2026
   on Guidelines for Governance and Significant            Remuneration and Nomination Committee
                                                                                                          Tedi Bharata*                     Member                                      Komisaris                           2024 - 2029
   Corporate Activities of State-Owned Enterprises.        of PT Bank Mandiri (Persero) Tbk.
2. SOE Minister Regulation No. PER-3/MBU/03/2023        8. Decree of the Board of Directors No. KEP.      Votivia Mardinna                  Non-Voting Member &                         SEVP/Group Head Human Capital       2023-2028
   on Organs and Human Resources of State-                 DIR/019/2024 dated 05 April 2024 on                                              Secretary
   Owned Enterprises.                                      Determination of Remuneration and Nomination   *) Appointed as Commissioner effective from the Annual GMS on 7 March 2024.

3. POJK No. 34/POJK.04/2014 on the Nomination              Committee Membership.
   and Remuneration Committee of Issuers or                                                               Remuneration and Nomination Committee Profile
   Public Companies.
4. POJK No. 45/POJK.03/2015 on Governance in                                                              The profile of the Remuneration and Nomination Committee members as members of the Board of
   Providing Remuneration for Commercial Banks.                                                           Commissioners can be viewed in Chapter 3 Profile of the Board of Commissioners in this Annual Report.
5. POJK No. 17 of 2023 on the Implementation of
   Governance for Commercial Banks.                                                                       The following is the profile of member of the Remuneration and Nomination Committee as Non-Voting
6. Bank Mandiri’s Articles of Association and                                                             Member and Secretary:
   amendments.




PT BANK MANDIRI (PERSERO) TBK                         694                                                                                                                        695                                    ANNUAL REPORT 2024
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REMUNERATION AND NOMINATION COMMITTEE                                                                                                                                                REMUNERATION AND NOMINATION COMMITTEE




                                                            The Remuneration and Nomination Committee                 f. Provide proposals for the appointment,                              of a payroll/honorarium system, provision
                                                            Charter contains, among others:                              dismissal, and/or replacement of members                            of facilities, benefits, bonuses/incentives/
                                                            1. General Purpose                                           of the Board of Directors and/or members                            tantiem, pension system, assessment or
                           VOTIVIA                          2. Basic Regulations                                         of the Board of Commissioners to the GMS.                           evaluation of the system and the options
                           MARDINNA                         3. Duties, Responsibilities, and Authority                g. Assist the Board of Commissioners in                                provided.
                           Non-Voting Member                4. Composition, Structure, and Membership                    obtaining and/or analyzing data on                               c. Evaluate the remuneration policy based
                           and Secretary                       Requirements                                              prospective candidates for members of                               on performance, risk, fairness with peer
                                                            5. Meeting                                                   the Board of Directors from the talent pool                         groups, goals and long-term strategies
                                                            6. Reports and Recommendations                               of executives one level below the Board                             of the Company, fulfillment of reserves
                                                            7. Performance Evaluation                                    of Directors.                                                       as stipulated in laws and regulations and
Age : 38 Years old
Citizenship : Indonesian                                    8. Closing                                                h. Having a data base and talent pool of                               potential future income of the Company.
Domicile : Jakarta                                                                                                       candidates for members of the Board of                           d. Evaluate the Remuneration Policy for

Basis of Appointment
                                                            Remuneration and Nomination                                  Directors and candidates for members of                             Employees that requires approval/response
Board of Directors Decree No. KEP.DIR/017/2023              Committee Duties and                                         the Board of Commissioners.                                         from the Board of Commissioners.
                                                            Responsibilities                                          i. Develop, implement, and analyze the                              e. Ensure that the Remuneration Policy is in
Educational Background                                                                                                   criteria and procedures for dismissal of the                        accordance with applicable regulations
Bachelor of Economics from University of Gadjah
Mada (2008)                                                 The Remuneration and Nomination Committee                    Board of Commissioners and/or the Board                             including the Regulations of the Minister
                                                            has the following duties and responsibilities:               of Directors.                                                       of State-Owned Enterprises, Regulations of
Professional Background                                     1. Related to Nomination Function                         j. Assess independent parties who will                                 the Financial Services Authority, and other
• Group Head Performance & Remuneration (2023
   - present)                                                  a. Evaluate and provide recommendations                   become members of the Supporting                                    relevant prevailing laws and regulations.
• Depatment Head Performance & Career                             to the Board of Commissioners on the                   Committee of the Board of Commissioners                          f. Submitting evaluation results and
   Development (2019-2023)                                        Board of Directors’ proposal regarding the             and provide recommendations to the                                  recommendations to the Board of
• Depatment Head Organization Development
   (2018-2019)                                                    Company’s organizational structure.                    Board of Commissioners.                                             Commissioners regarding the Remuneration
• Pj. Department Head Organization Development                 b. Provide recommendations to the Board of          2. Related to Per formance Management                                     Policy for the Board of Directors and/or
   (May 2017)                                                     Commissioners regarding the composition             Functions                                                              Board of Commissioners to be submitted
                                                                  of positions of members of the Board of             a. Develop or evaluate and provide input                               to the GMS.
                                                                  Directors and/or Board of Commissioners                to the Board of Commissioners regarding                          g. Submitting the overall Remuneration Policy
                                                                  and/or Supervisory Board.                              the Performance Assessment Policy for                               for Employees to be submitted to the Board
                                                               c. Identify candidates for members of the                 members of the Board of Directors and/or                            of Directors.
                                                                  Board of Directors and/or candidates for               members of the Board of Commissioners.                           h. Conduct periodic evaluations of the
Remuneration and Nomination                                       members of the Board of Commissioners               b. P r e p a r e p r o p o s a l s f o r i n d i v i d u a l           implementation of the Remuneration Policy.
Committee Charter                                                 both from within and outside the Company               per formance assessment system for                            4. Related to Development Function
                                                                  who are eligible to be proposed/appointed              members of the Board of Directors and/or                         a. Prepare proposals for Development
The Remuneration and Nomination Committee has                     as members of the Board of Directors or                members of the Board of Commissioners.                              Programs for members of the Board of
a charter that defines its roles, responsibilities, and           members of the Board of Commissioners.              c. Evaluate the proposed Key Performance                               Directors and/or members of the Board of
scope of work. This charter serves as a guideline,             d. Develop or evaluate and provide input                  Indicators (KPI) of individual members of                           Commissioners/Supervisory.
including duties with clarity, consistency, and in                to the Board of Commissioners regarding                the Board of Directors.                                          b. Conducting periodic reviews of the
alignment with best practices. The work guidelines                policies, criteria and qualifications required      d. Assisting the Board of Commissioners in                             Company’s Talent Management System,
for the Remuneration and Nomination Committee                     in the Nomination process in accordance                performance assessment of members of                                as well as monitoring and evaluating its
are outlined in the Remuneration and Nomination                   with the Company’s strategic plan.                     the Board of Directors and/or members                               implementation.
Committee Charter of PT Bank Mandiri (Persero)                 e. Develop a system and procedure for the                 of the Board of Commissioners based on                           c. Evaluate the system and procedure of
Tbk, updated on 31 May 2024, as stipulated by                     election and/or replacement of members                 benchmarks that have been prepared as                               Talent Classification conducted by the
the Decree of the Board of Commissioners No.                      of the Board of Directors and/or Board of              assessment materials.                                               Board of Directors.
KEP.KOM/008/2024.                                                 Commissioners to be submitted to the GMS.        3. Related to Remuneration Function                                    d. Validating and calibrating the Talents
                                                                                                                      a. Provide recommendations to the Board of                             proposed by the Board of Directors to
                                                                                                                         Commissioners regarding:                                            the Board of Commissioners/Supervisory
                                                                                                                      b. Assisting the Board of Commissioners in                             Board (Selected Talent) to produce a list
                                                                                                                         proposing an appropriate remuneration                               of Talents to be nominated by the Board
                                                                                                                         system for members and/or members of                                of Commissioners/Supervisory Board to the
                                                                                                                         the Board of Commissioners in the form                              GMS/Minister of SOEs (Nominated Talent).



PT BANK MANDIRI (PERSERO) TBK                             696                                                                                                                    697                                   ANNUAL REPORT 2024
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REMUNERATION AND NOMINATION COMMITTEE                                                                                                                                      REMUNERATION AND NOMINATION COMMITTEE




   e. Evaluate the Company’s Representative                 Parties is the latest 3 (three) years and can be         The qualifications and professional background of the Chairman and Members of the Remuneration
       Candidates who will be proposed as                   extended 1 (one) time during 2 (two) years of            and Nomination Committee are as follows.
       members of the Board of Directors or                 tenure, by not eliminating the rights of the Board
       members of the Board of Commissioners                of Commissioners to terminate at any time.               Remuneration and Nomination Committee Qualifications and Professional Background
       of Financial Services Institutions (FSIs) in the                                                                 Name         Position        Period                 Education                Professional Background
       Financial Conglomeration, before being               Remuneration and Nomination
       submitted to the GMS/Minister of SOEs.               Committee Reporting                                      M. Chatib
                                                                                                                     Basri
                                                                                                                                   Chairman
                                                                                                                                   and
                                                                                                                                                 1 January – 31
                                                                                                                                                 December
                                                                                                                                                                  • Bachelor Degree in
                                                                                                                                                                    Economics
                                                                                                                                                                                                   Professional background
                                                                                                                                                                                                   in finance and corporate
5. Prepare and submit an annual work plan and                                                                                      Member        2024             • Master of Business             oversight.
   budget to the Board of Commissioners to be               The Remuneration and Nomination Committee                                                               Administration in Economic
   determined prior to the current financial year.          must report the implementation of duties, that are                                                      Development
                                                                                                                                                                  • Ph. D in Economics
   Furthermore, a copy of the annual work plan              carried out for each assignment given and/or for
   and budget shall be submitted by the Board               any problems identified that require the attention       Muliadi       Member        1 January – 31   • Bachelor of Accounting         Professional background
                                                                                                                     Rahardja                    December         • Master of Business             in banking and corporate
   of Commissioners to the Board of Directors of            of the Board of Commissioners or at least twice
                                                                                                                                                 2024               Administration in Finance      oversight.
   the SOE for their information.                           in 1 (one) year.
                                                                                                                     Rionald       Member        1 January – 31   • Bachelor of Law                Professional background in
                                                                                                                     Silaban                     December         • Master of Law Center           finance and human capital.
Remuneration and Nomination                                 Remuneration and Nomination                                                          2024
Committee Authority                                         Committee Qualifications
                                                                                                                     Arif          Member        1 January – 31   • Bachelor in Soil Science
                                                            and Experience                                           Budimanta                   December         • Master of Sains in Natural
                                                                                                                                                                                                   Professional background in
                                                                                                                                                                                                   banking.
The Remuneration and Nomination Committee                                                                                                        2024               Resources Economics
has the following authority:                                Members of the Remuneration and Nomination                                                            • Doctorate in Social and
                                                                                                                                                                    Political Science
1. Communicating with the Head of Unit and                  Committee have at least the following
   other parties in the Company to obtain                   qualifications:                                          Faried        Member        8 March – 31     • Master degree in Law           Professional background in
   information, clarification and requesting the            1. General Requirements                                  Utomo                       December         • Bachelor degree in Law         Cabinet Secretariat of RI and
                                                                                                                                                 2024                                              corporate oversight.
   required documents and reports.                             a. Having integrity, character and good morals.
2. Requesting the Company to conduct surveys                   b. Does not have personal interests/relationships     Muhammad Member             8 March – 31     • Doctorate in State             Professional background
                                                                                                                     Yusuf Ateh                  December           Administrative                 in finance and corporate
   according to the needs of the Remuneration                      that can cause conflict of interest against
                                                                                                                                                 2024             • Master of Business             oversight.
   and Nomination Committee.                                       the Company.                                                                                     Administration (MBA) in
3. Accessing records or information about                   2. Competence Requirements                                                                              Business of Administration
                                                                                                                                                                    from
   employees, funds, assets and other company                  a. Having sufficient expertise, ability, knowledge
                                                                                                                                                                  • Diploma 4 in Accounting
   resources related to the implementation of                      and experience related to their duties and                                                     • Diploma 3 in Accounting
   their duties.                                                   responsibilities, specifically related to the
                                                                                                                     Tedi Bharata Member         8 March – 31     • Master of Public               Professional background in
4. Obtaining input and or suggestions from                         provisions of the Bank’s remuneration and/                                    December           Administration                 human resources, information
   outside parties of the Company relating to                      or nomination system and succession plan.                                     2024             • Bachelor Degree in Computer    technology, and corporate
   their duties.                                               b. Able to work together and to communicate                                                          Science and Information        oversight.
                                                                                                                                                                    Management System
5. Performing other authorities granted by the                     well and effectively and are willing to provide
   Board of Commissioners.                                         sufficient time to carry out their duties.        Votivia       Non-Voting    1 – 31           Bachelor in Economy              Professional background
                                                                                                                     Mardinna      Member        December                                          including in human capital.
                                                               c. Have adequate knowledge of the
                                                                                                                                   and           2023
Remuneration and Nomination                                        Company’s Articles of Association, laws and                     Secretary
Committee Tenure                                                   regulations in the banking sector, Capital
                                                                   Market, SOEs and other relevant laws and
The tenure of members of the Remuneration and                      regulations.                                      Remuneration and Nomination Committee Independence
Nomination Committee as members of the Board                   d. Willing to increase competencies
of Commissioners, shall not be longer than the                     continuously through education and                All members of the Remuneration and Nomination Committee who are independent parties have no
tenure of the Board of Commissioners as stipulated                 training.                                         financial, management, shareholding, or familial relationships with the Board of Commissioners, the Board
in the Articles of Association and can be re-elected                                                                 of Directors, and/or the Controlling Shareholders. Additionally, there are no affiliations with Bank Mandiri
for the next 1 (one) period. Whereas the tenure                                                                      that could compromise objectivity or influence ability to carry out their responsibilities independently. This
of the Remuneration and Nomination Committee                                                                         ensures that the Committee is upholding the principles of good corporate governance and maintaining
members from Non-Commissioner Independent                                                                            integrity in its oversight of the nomination and remuneration processes.



PT BANK MANDIRI (PERSERO) TBK                             698                                                                                                            699                                    ANNUAL REPORT 2024
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                                                 M.
                                                       Muliadi Rionald    Arif   Faried Muhammad    Tedi
                                                                                                                         No.           Date                                           Agenda                                    Qourum
          Independence Aspects                 Chatib
                                                      Rahardja Silaban Budimanta Utomo Yusuf Ateh Bharata
                                                Basri                                                                   6.     07 March 2024           Proposal for Bank Mandiri Management at the 2023 Annual GMS                100%

Does not have financial relations with the                                                                              7.     28 March 2024           Proposal for Independent Members of the Risk Monitoring Committee          100%
                                                 √         √          √          √         √            √           √
Board of Commissioners and Directors
                                                                                                                        8.     June 2024               Proposal for Setting Targets and Governance of LTI for 2024–2026           100%
Does not have management relations in the                                                                                                              Proposal for Subsidiary Management
                                                 √         √          √          √         √            √           √
company, subsidiaries, or affiliates
                                                                                                                        9.     13 June 2024            Proposal for Subsidiary Management                                         100%
Does not have shareholding relations in the
                                                 √         √          √          √         √            √           √   10.    20 June 2024            Proposal for Adjustments to Bank Mandiri's Organizational Structure        100%
company

Does not have family relations with the                                                                                 11.    18 July 2024            Proposal for Adjustments to the Board of Commissioners' Decision on        100%
Board of Commissioners, Directors and/or         √         √          √          √         √            √           √                                  Allowances, Facilities, and Benefits for the Board of Commissioners
with fellow members of Committee                                                                                                                       and Board of Directors of Bank Mandiri

Does not serve as the management                                                                                        12.    31 July 2024            Consultation on Changes to Bonus and LTI Budgets for 2024 in line          100%
in political parties, officials and in the       √         √          √          √         √            √           √                                  with the revised 2024 RKAP
government
                                                                                                                        13.    26 September 2024       1. Discussion on Bank Mandiri Talent Pool                                  100%
                                                                                                                                                       2. HC Strategy: Progress Report & Plan for 2025–2029
Meetings of Remuneration and Nomination Committee                                                                       14.    31 October 2024         Proposal for Subsidiary Management                                         100%

                                                                                                                        15.    19 November 2024        Proposal for the Dismissal and Appointment of the Corporate                100%
The Remuneration and Nomination Committee holds regular meetings at least once in 3 (three) months.                                                    Secretary
The meetings can only be held if attended by at least 51% of the total committee members including
1 (one) Independent Commissioner and 1 (one) Executive in charge of the Human Resources function
or 1 (one) employee representative.                                                                                     Remuneration and Nomination Committee Meeting Frequency and Attendance
                                                                                                                                  Name                             Position                  Total Meeting    Total Attendance           (%)
Decisions of the Remuneration and Nomination Committee meetings are taken based on deliberation to
                                                                                                                        M. Chatib Basri              Chairman & Member                                15               6                 40%
reach consensus. The meeting shall be chaired by the Chairman of the Remuneration and Nomination
Committee or other member that serves as Independent Commissioner if the Chairman of the Remuneration                   Muliadi Rahardja             Member                                           15               6                 40%
and Nomination Committee is unable to attend.
                                                                                                                        Rionald Silaban              Member                                           15               6                 40%

Each Remuneration and Nomination Committee meeting is outlined in the minutes of the meeting,                           Arif Budimanta               Member                                           15               6                 40%
including dissenting opinions, which are signed by all members of the Committee present and submitted                   Faried Utomo                 Member                                           15               2                 13%
to the Board of Commissioners.
                                                                                                                        Muhammad Yusuf Ateh          Member                                           15               2                 13%

During 2024, 15 (fifteen) meetings were held with the following agenda.                                                 Andrinof A. Chaniago*        Member                                           7                7              100%
                                                                                                                        *) Appointed as Commissioner effective from the Annual GMS on 7 March 2024.
Remuneration and Nomination Committee Meeting Agenda
 No.           Date                                            Agenda                                       Qourum
                                                                                                                        Key Performance Indicators Achievement of the
1.     18 January 2024          Proposal for Subsidiary Management                                           100%       Remuneration and Nomination Committee
2.     31 January 2024          Discussion on Bank Mandiri Talent                                            100%
                                                                                                                        The achievements of the Remuneration and Nomination Committee’s Key Performance Indicators (KPIs) in
3.     06 February 2024         Proposal for Bank Mandiri Management                                         100%
                                                                                                                        2024 are reflected in the successful implementation of the work plan, the quality of the recommendations
4.     22 February 2024         Proposal for Talent Pool and Governance of Long-Term Incentives (LTI)        100%       provided, and the effectiveness of the communication established with the Board of Commissioners,
5.     01 March 2024            Proposal for the Remuneration of the Board of Directors and Board of         100%       the Board of Directors, and Heads of related Work Units.
                                Commissioners for 2024, as well as Bonuses and Long-Term Incentives
                                (LTI) for the 2023 Financial Year




PT BANK MANDIRI (PERSERO) TBK                              700                                                                                                                  701                                        ANNUAL REPORT 2024
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Overall, the Committee has carried out work programs as detailed in the 2024 Remuneration and               3. Candidates for Directors and Commissioners            Requirements and Criteria
Nomination Committee Work Plan. Moreover, recommendations from the Committee have been                         are proposed through a selection by taking
endorsed by the Board of Commissioners and considered in the decision-making process regarding                 into account the set requirements.                    The requirements and criteria for candidates of
proposals submitted by the Board of Directors. On communication, good and consistent engagement                                                                      Board of Directors and/or Commissioners are
was maintained throughout 2024, including discussions on strategic issues within Bank Mandiri and closely   Succession Management                                    in accordance with the Company’s Articles of
monitoring the progress of follow-up actions executed by the Board of Directors.                                                                                     Association and other applicable provisions, which
                                                                                                            In accordance with SOE Minister Regulation               are as follows:
Remuneration and Nomination Committee Remuneration                                                          No. PER-3/MBU/03/2023 Article 30, the basis for          1. The person eligible as a member of the Board of
                                                                                                            Succession Management of Directors of State-                 Directors and/or Commissioners is an individual
The remuneration of the Remuneration and Nomination Committee for Non-Commissioner Independent              Owned Enterprises, is as follows:                            with legal capacity and has never been
parties is regulated in the Decree of the Board of Commissioners No. KEP.KOM/003/2023 dated 13              1. Succession management is the process of                   declared bankrupt or convicted which cause
September 2023 concerning Remuneration of Supporting Organs of the Board of Commissioners of PT                selecting SOE Directors from the Talent Pool of           bankruptcy of a company, or an individual
Bank Mandiri (Persero) Tbk and regulated in the Letter of Assignment as a member of the Committee              the Ministry of SOEs or other sources determined          who has never been sentenced for criminal
under the Board of Commissioners issued by Bank Mandiri.                                                       by the Minister.                                          offense which harm the State treasury within 5
                                                                                                            2. Succession management is carried out by the               (five) years prior to his/her appointment, one or
 No.                Description                    Non-Commissioner Committee Members                          Ministry of SOEs through the Fit and Proper Test          the other by taking into account the prevailing
                                                                                                               mechanism by the Succession Committee                     laws and regulations.
1.     Salary/Honorarium            At most 20% of President Director’s Salary
                                                                                                               and/or considering the results of Assessments         2. Does not have family relations to third degree,
2.     Post-Employment              Not provided                                                               from Professional Institutions.                           both horizontally or vertically nor by marriage
       Compensation                                                                                                                                                      (in laws) with other Directors or Commissioners.
3.     Holiday Allowance            In accordance with Bank Mandiri employee stipulation                    Procedures                                               3. Does not listed in the banking blacklist as
                                                                                                                                                                         determined by bank supervisory authorities.
4.     Bonus/Tantiem                Not provided
                                                                                                            In the Nomination function, the Bank Mandiri             4. Has good integrity, in the sense of:
5.     Facilities                                                                                           Remuneration and Nomination Committee                        a. Having good character and morals.
       - Transportation Allowance   Not provided                                                            performs the following procedures:                           b. Complying with prevailing laws and
                                                                                                            1. Develop the composition and process of                         regulations.
       - Health                     Provided as per the Bank’s Internal rules
                                                                                                                nominating the Directors and/or Commissioners.           c. H a v i n g h i g h c o m m i t m e n t t o t h e
       - Employment                 Provided as per the Bank’s Internal rules                               2. Formulate policies and criteria of nominating                  development of sound bank operations.
       - Business Trips             In accordance with Bank Mandiri employee stipulation/equivalent to
                                                                                                                process of candidates of Directors and/or                d. Deemed fit and proper to be a member of
                                    Group Head                                                                  Commissioners.                                                Board of Directors and/or Commissioners.
                                                                                                            3. Identify candidates who meet the criteria.            5. Integrity assessment is conducted by evaluating
                                                                                                            4. Assist the performance assessment of the Board            the candidates in the sense that they have
BOARD OF DIRECTORS                                       processes for the nomination and remuneration          of Directors and/or Board of Commissioners.              never done any of the following:
SUCCESSION POLICY                                        of the Board of Commissioners and/or Directors.    5. Develop capacity building programs for the                a. Banking manipulation and practices that
                                                         This system aims to ensure transparency, merit-        Directors and/or Commissioners.                               deviate from banking regulations.
Bank Mandiri’s succession policy for the Board           based selection, and alignment with regulatory     6. Review and propose candidates that fulfils
of Directors is guided by the Minister of SOE            requirements.                                          the requirements as Commissioners and/
Regulation No. PER-3/MBU/03/2023 regarding                                                                      or prospective Directors to the Board of
the Organs and Human Resources of State-                 Basic Principles                                       Commissioners for submission to the GMS.
Owned Enterprises. One of the core duties of the                                                            7. The selection process is carried out prior to the
Remuneration and Nomination Committee is to              Requirements for Board of Directors and Board of       tenure ends or is requested by the Board of
develop a comprehensive nomination system                Commissioners.                                         Commissioners, or if there is a vacancy.
for the selection of members of the Board of             1. Candidates for Directors and Commissioners
Commissioners and/or Directors. This nomination             must meet the requirements determined in
system forms an integral part of the Company’s              the Company’s Articles of Association and the
Good Corporate Governance Policy and serves                 applicable laws and regulations.
as a key reference for the Board of Commissioners        2. Candidacy and Candidate Proposal for Board
and the GMS in determining the appropriate                  of Directors and Board of Commissioners.



PT BANK MANDIRI (PERSERO) TBK                        702                                                                                                       703                                       ANNUAL REPORT 2024
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REMUNERATION AND NOMINATION COMMITTEE                                                                                                                                 REMUNERATION AND NOMINATION COMMITTEE




   b. Actions categorized as non-fulfilment             The candidates for the Board of Directors may
       of commitments to Bank Indonesia or              be proposed by the Board of Commissioners                                         Board of                                        GMS
                                                                                                                  Remuneration          Commissioners             Series A                                        FSA
       Government.                                      following a thorough assessment, and if deemed
                                                                                                                     and                                         Dwiwarma
   c. Actions categorized as beneficial to Owner,       eligible, the candidates can be recommended                Nomination                                   Shareholders
       Management, Employees, and or other              to the Minister of SOEs. Nominees for the position         Committee
       parties that may detrimental or reduce           of Director must fulfill both formal and additional
       bank’s profit.                                   requirements as stipulated by PER-3/MBU/03/2023
   d. Actions categorized as violation of the           on the Organs and Human Resources of State-
       provisions related to banking prudential         Owned Enterprises, and OJK Regulation No. 33/
       principles.                                      POJK.04/2014 regarding the Board of Directors                               • Reviewing the         • Evaluation of         Appoinment            • Conduct Fit and
   e. Actions by Management and Executives              and Board of Commissioners of Issuers or Public         Prepare and           Proposal of the         the Fullfilment of    and Succession          Proper Test
                                                                                                                propose               Remuneration            Requirements of       of Directors          • Approval of
       categorized as not independent.                  Companies. Moreover, all candidates must                Recommendations       and Nomination          Candidates for                                the Company’s
6. Fulfil the competence criteria, in the sense of      successfully pass the Fit and Proper Test conducted     for Board             Committee               Members of the                                Management
   having:                                              by the OJK.                                             of Directors        • Proposing Board         Board of Directors                            Candidate
                                                                                                                Succession            of Directors          • Approval of
   a. Adequate knowledge in Banking.
                                                                                                                                      Succession to           Board of Directors
   b. Experience and expertise in Banking and           Since 2021, Bank Mandiri submitted a list of top                              Series A Dwiwarma       Succession
       or Financial Institution.                        talent employees at the BoD-1 level to the Ministry                           Shareholders
   c. Ability to perform strategic management           of SOEs. The Ministry of SOEs will then evaluate
       for the development of sound Banks.              the list and assign an accredited institution to
   d. The ability to perform strategic management       conduct the talent assessment for prospective         Remuneration and Nomination                               of Commissioners. This includes the design of
       to develop a sound Bank                          Directors. Candidates who receive a positive          Committee Activities in 2024                              salary/honorarium structures, benefit packages,
7. Other than the above criteria, the following         recommendation from the Assessor Service                                                                        and a bonus (tantiem) system for 2024, ensuring
   additional criteria are also required:               Company are reported by the Remuneration              In line with the duties and functions outlined in         competitive and fair compensation aligned
   a. Having leadership skill supported by              and Nomination Committee to the Board of              the Bank Mandiri Remuneration and Nomination              with industry standards and the Company’s
       knowledge in economics, accounting               Commissioners for consideration as nominees for       Committee Charter, in 2024 the Remuneration               performance goals.
       and law.                                         submission to the GMS.                                and Nomination Committee has provided
   b. For the Board of Commissioners, require                                                                 recommendations and proposals for candidates              2025 Work Plans of the Remuneration
       having experience in banking or other                                                                  who meet the qualifications as Members of the             and Nomination Committee
       financial institution supervisory.                                                                     Board of Commissioners and Directors to the Board
   c. For the Board of Directors, require having at                                                           of Commissioners for submission to the GMS. These         At the end of 2024, the Remuneration and
       least 3 (three) years’ experience as Senior                                                            recommendations were developed through                    Nomination Committee has prepared a 2025 work
       Management in banking or other financial                                                               a comprehensive process that involved the                 plan and has obtained approval from the Board of
       institutions.                                                                                          formulation of policies, criteria, and qualifications     Commissioners. The work plan of the Remuneration
                                                                                                              necessary for the nomination of prospective               and Nomination Committee in 2025 is divided
                                                                                                              members of the Board of Commissioners and                 into several activities, namely activities related
                                                                                                              Directors, aligning with the strategic direction of       to the functions of Nomination, Remuneration,
                                                                                                              the Company. The Committee also supported                 discussion of certain issues and internal activities
                                                                                                              the Board of Commissioners by gathering and               of the Remuneration and Nomination Committee.
                                                                                                              analyzing data on potential candidates from the           The work plan is one of the KPIs that is the basis for
                                                                                                              pool of top executive talent one level below the          assessing the effectiveness of the Remuneration
                                                                                                              Board of Directors, as well as identifying qualified      and Nomination Committee’s performance during
                                                                                                              individuals for the Board of Commissioners.               2025.

                                                                                                              Apart from the nomination process, the
                                                                                                              Remuneration and Nomination Committee has also
                                                                                                              provided support to the Board of Commissioners
                                                                                                              in developing an appropriate remuneration
                                                                                                              system for the Board of Directors and the Board

PT BANK MANDIRI (PERSERO) TBK                         704                                                                                                         705                                      ANNUAL REPORT 2024
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                                                                                                                  2. The composition of the Risk Oversight                                                 b. Have at least 2 (two) years of work
                                                                                                                     Committee membership is at least 1 (one)                                                  experience in risk management.
                                                                                                                     Independent Commissioner as Chairman                                            5.    Members of the Board of Directors of the
                                                                                                                     and concurrently an experienced member in                                             Company and other banks are prohibited
Bank Mandiri Board of Commissioners has established the Risk                                                         finance, risk management, and/or business, 1                                          from becoming members of the Risk Oversight
                                                                                                                     (one) Non-Commissioner Independent Party                                              Committee.
Oversight Committee to support its supervisory duties and
                                                                                                                     who has expertise in finance, and 1 (one)                                       6.    Independent Commissioners and Non-
responsibilities, particularly in providing guidance and advisory to                                                 Non-Commissioner Independent Party who                                                Commissioners who are members of the Risk
the Board of Directors. The primary objective of the Risk Oversight                                                  has expertise in risk management.                                                     Oversight Committee are at least 51% (fifty
Committee is to ensure that the Bank’s risk management                                                            3. Members of the Risk Oversight Committee from                                          one percent) of the total members of the Risk
                                                                                                                     Non-Commissioners Independent Parties are                                             Oversight Committee.
frameworks, procedures, and methodologies remain robust                                                              considered to have expertise in finance by                                      7.    The Chairman of the Risk Oversight Committee
and adequate. The Committee aims to maintain the Bank’s                                                              meeting the following criteria:                                                       can only concurrently serve as chairman of the
business activities within acceptable risk parameters, effectively                                                   a. Have knowledge in economics, finance                                               Committee at most 1 (one) other Committee.
                                                                                                                         and/or banking. Have at least 5 (five) years                                8.    In carrying out its daily duties, the Committee
mitigating potential threats while optimizing opportunities that                                                         of work experience in economics, finance,                                         may be assisted by staff and/or Committee
align with the Bank’s strategic objectives. As such, business                                                            and/or banking.                                                                   Secretaries appointed based on the resolution
operations are conducted in a manner that is both controlled                                                         b. Have at least 5 (five) years of work                                               of the Risk Oversight Committee meeting.
                                                                                                                         experience in economics, finance, and/
and beneficial to the Bank’s long-term growth and stability.                                                             or banking.                                                                 As of 31 December 2024, the following are
                                                                                                                  4. Members of the Risk Oversight Committee                                         composition of the Risk Oversight Committee’s
                                                                                                                     from Non-Commissioners Independent Parties                                      membership appointed based on the Decree of
                                                                                                                     are considered to have expertise in risk                                        the Board of Directors No. KEP.DIR/039/2024 dated
                                                                                                                     management by meeting the following criteria:                                   22 May 2024 regarding the Determination of Risk
                                                                                                                     a. Have knowledge in risk management; and/                                      Oversight Committee Membership:
Legal Basis of Establishment                                 7. Board of Commissioners Decree No. KEP.                   or
                                                                KOM/014/2024 dated 27 December 2024
The establishment of the Committee is guided by                 on the Membership Composition of the              Risk Oversight Committee Composition
and refers to the prevailing laws and regulations as            Audit Committee, Risk Oversight Committee,                                                      Position in the
well as banking best practices in Indonesia, such as:           Integrated Governance Committee and                            Name                                                                       Position in the Company             Period
                                                                                                                                                                 Committee
1. SOE Minister Regulation No. PER-2/MBU/03/2023                Remuneration and Nomination Committee of
                                                                                                                  Muliadi Rahardja                      Chairman & Member                      Independent Commissioner                     2022 - 2027
   on Guidelines for Governance and Significant                 PT Bank Mandiri (Persero) Tbk.
   Corporate Activities of State-Owned Enterprises;          8. Decree of the Board of Directors No. KEP.         Loeke Larasati Agoestina              Member                                 Independent Commissioner                     2020 - 2025
2. SOE Minister Regulation No. PER-3/MBU/03/2023                DIR/039/2024 dated 22 May 2024 on the             Heru Kristiyana                       Member                                 Independent Commissioner                     2023 - 2028
   on Organs and Human Resources of State-                      Determination of Membership of the Risk
   Owned Enterprises.                                           Oversight Committee of PT Bank Mandiri            Arif Budimanta                        Member                                 Commissioner                                 2020 - 2025

3. P O J K N o . 1 7 / P O J K . 0 3 / 2 0 1 4 o n t h e        (Persero) Tbk.                                    Tedi Bharata*                         Member                                 Commissioner                                 2024 - 2029
   Implementation of Integrated Risk Management
                                                                                                                  Caroline Halim                        Member                                 Independent Party                            2021 - 2026
   for Financial Conglomerates.                              Structure, Membership and Profile
4. POJK No. 45/POJK.03/2020 concerning Financial             of the Risk Oversight Committee                      Taufik Hidayat**                      Member                                 Independent Party                            2024 - 2029
   Conglomerates;                                                                                                 *) Appointed as Commissioner effective from the Annual GMS on 7 March 2024.
                                                                                                                  **) Appointed as Member of the Risk Oversight Committee effective 01 April 2024.
5. POJK No. 17 of 2023 on the Implementation of              The structure and membership of the Risk Oversight
   Corporate Governance for Commercial Banks.                Committee are as follows:
6. Bank Mandiri Articles of Association and its              1. The Risk Oversight Committee consists of at
   amendments.                                                  least 3 (three) members from Independent
                                                                Commissioners and Non-Commissioners
                                                                Independent Parties.




PT BANK MANDIRI (PERSERO) TBK                              706                                                                                                                              707                                         ANNUAL REPORT 2024
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Risk Oversight Committee Profile                                                                               that the Risk Oversight Committee performs its                 c. Other reports related to the management
                                                                                                               oversight functions effectively, promoting robust                 of 10 (ten) types of risk, namely Credit Risk,
The profile of the Risk Oversight Committee members as members of the Board of Commissioners is                risk governance and enhancing the Bank’s overall                  Market Risk, Operational Risk, Liquidity Risk,
presented in Chapter 3 Profile of the Board of Commissioners in this Annual Report.                            risk management practices.                                        Legal Risk, Compliance Risk, Reputation
                                                                                                                                                                                 Risk, Strategic Risk, Intra Group Transaction
The following is profile of the Risk Oversight Committee members as non-Commissioners, independent             The Charter includes:                                             Risk, and Insurance Risk.
parties.                                                                                                       1. General Purpose                                             d. General credit policies and other obligations
                                                                                                               2. Basic Regulations                                              required by the Regulator to be submitted
                                                                                                               3. Duties, Responsibilities and Authority                         to the Board of Commissioners by the Board
                                                                                                               4. Composition, Structure and Membership                          of Directors.
                                                                                                                  Requirements, and Tenure                               3.   Providing recommendations to the Board of
                                                                                                               5. Meeting                                                     Commissioners for:
                           CAROLINE HALIM                     TAUFIK HIDAYAT
                           Member of Risk                              Member of                               6. Reports and Recommendations                                 a. Items that can support an increase in the
                           Oversight Committee,                     Risk Oversight                             7. Performance Evaluation                                         effectiveness of the implementation of
                           Independent Party                          Committee,
                                                                                                               8. Closing                                                        risk management in the Company and
                                                               Independent Party
                                                                                                                                                                                 Financial Services Institutions within the
                                                                                                               Risk Oversight Committee                                          Financial Conglomerates.
                                                                                                               Duties and Responsibilities                                    b. Conformity between the Company’s risk
Age : 62 Years old                                      Age : 58 Years old
Citizenship : Indonesia
                                                                                                                                                                                 management policies and integrated
                                                        Citizenship : Indonesia
                                                        Domicile : Jakarta                                     The duties and responsibilities of the Risk Oversight             risk management policies with the
Period of Assignment                                                                                           Committee include:                                                implementation of these policies to ensure
02 August 2021 – Present                                Period of Assignment
                                                                                                               1. Monitoring and evaluating:                                     that the Company has managed risks
                                                        01 April 2024 – Present
Educational Background                                                                                            a. Conformity between the risk management                      adequately.
Bachelor of Accounting from University of Indonesia     Educational Background                                       policy and the Company’s integrated                      c. Implementation of work plans and duties of
(1987)
                                                                                                                     risk management policy and the                              the Risk Oversight Committee, Integrated
                                                        • Bachelor’s degree in Development Economics
Legal Basis of Appointment                                from Universitas Negeri Jember (1989)                      implementation of the policy.                               Risk Management Committee, Risk
Appointed as member of the Risk Oversight               • Master’s degree in Management from Universitas          b. Implementation of the work plan and                         Management Unit, as well as Integrated
Committee as of 02 August 2021 pursuant to the            Gadjah Mada (1999)                                         duties of the Risk Management Committee,                    Risk Management Unit.
Board of Directors Decree No. KEP.DIR/037/2021.
                                                        Legal Basis of Appointment                                   Integrated Risk Management Committee,               4.   Conducting regular meetings with relevant
Professional Background                                 Appointed as member of the Risk Oversight                    Risk Management Work Unit, and Integrated                work units to discuss matters that are within
• Member of Audit Committee & Member of                 Committee as of 01 April 2024 pursuant to the Board          Risk Management Work Unit of the                         the scope of supervision.
   Risk Oversight Committee of PT Bank Sahabat          of Directors Decree No. KEP.DIR/039/2024.
   Sampoerna (2020 -July 2021)                                                                                       Company.                                            5.   Reporting the results of monitoring and review
• Member of Audit Committee & Member of Risk            Professional Background                                   c. Adequacy of the process of identifying,                  periodically, as well as providing input on
   Oversight Committee of PT Rabobank International                                                                  measuring, monitoring, controlling and risk              matters that need to be considered by the
   Indonesia (2018 –2020)                               • Executive Business Officer - B Bank Mandiri (2022-
• Group Head Risk Management PT Bank QNB                  2024)                                                      management information systems.                          Board of Commissioners.
   Indonesia Tbk (2012 –2017)                           • Group Head Special Asset Management 3 Bank              d. The Company’s compliance with the                   6.   Developing the Risk Oversight Committee
• Group Head Risk Management PT Bank ICB                  Mandiri (2019-2022)                                        Articles of Association, Bank and Capital                Charter and conduct a review as needed, at
   Bumiputera Tbk (2010 – 2011)                         • Department Head Loan Recovery 2 Bank Mandiri
• Group Head Credit Risk Analytic PT CIMB Niaga           (2017-2019)                                                Market Supervisory Authority regulations, as             least every 2 (two) years.
   (1988 – 2010)                                        • Department Head Strategic Planning &                       well as other laws and regulations related
                                                          Development Bank Mandiri (2017)                            to risk management.                                 Risk Oversight Committee Authority
                                                        • Department Head Loan Workout 2 Bank Mandiri
                                                          (2016-2017)
                                                                                                               2. Carrying out monitoring and review of:
                                                                                                                  a. Risk Profile Report, bank only and                  The Risk Oversight Committee has the authority to:
Risk Oversight Committee Charter                                                                                     consolidated.                                       1. Communicate with the Head of Work Unit
                                                                                                                  b. The Bank Rating Report of risk-based, bank             and other parties in the Company to obtain
In fulfilling its duties and responsibilities, the Risk Oversight Committee of Bank Mandiri operates under           only and consolidated.                                 information, clarification and request needed
a formal Risk Oversight Committee Charter, which was most recently updated on 31 May 2024 in                                                                                documents and reports.
accordance with the Decree of the Board of Commissioners No. KEP.KOM/007/2024. The Charter provides
a comprehensive framework of the Committee ’s roles and responsibilities. These provisions ensure



PT BANK MANDIRI (PERSERO) TBK                         708                                                                                                          709                                      ANNUAL REPORT 2024
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2. Access records or information about employees,          Education Qualification and                             Risk Oversight Committee Qualifications and Professional Background
   funds, assets and other company resources               Work Experience of Risk                                     Name           Position       Period               Education                Professional Background
   related to the implementation of their duties.          Oversight Committee
                                                                                                                   Muliadi          Chairman &   8 March – 31     • Bachelor of Accounting       Professional background in
3. Obtain a Risk Profile Report, Bank Soundness            Requirements for members of the Risk Oversight
                                                                                                                   Rahardja         Member       December 2024    • Master of Business           banking and corporate oversight.
   Report, and other reports related to the                Committee are as follows:                                                                                Administration in Finance
   application of risk management, both                    1. General Requirements
                                                                                                                   Loeke Larasati   Member       1 January – 31   • Bachelor of Law              Professional background in law
   individually and Consolidated with Subsidiaries.           a. Having integrity, character and good morals.      Agoestina                     December 2024    • Master Degree in             and banking.
4. Obtain input and or suggestions from outside               b. Does not have personal interests/relationships                                                     Management
   parties of the Company relating to their duties.              that can cause conflict of interest against
                                                                                                                   Heru Kristiyana Member        21 August - 31   • Bachelor in Law              Professional background in
5. Perform other authorities granted by the Board                the Company.                                                                    December 2024    • Master in Management         banking supervision.
   of Commissioners.                                       2. Competency Requirements
                                                                                                                   Arif Budimanta Member         1 January – 31   • Bachelor in Soil Science     Professional background in law
                                                              a. Having sufficient expertise, ability,                                           December 2024    • Master of Science in         and banking.
Risk Oversight Committee Tenure                                  knowledge and experience related to their                                                          Natural Resources
                                                                 duties and responsibilities.                                                                       Economics
                                                                                                                                                                  • Doctorate in Social and
The tenure of members of the Risk Oversight                   b. Having sufficient knowledge to read and                                                            Political Science
Committee shall not be longer than the term                      understand financial statements and reports
of office of the Board of Commissioners as                       related to monitoring the implementation of       Tedi Bharata     Member       8 March – 31     • Master of Public             Professional background in
                                                                                                                                                 December 2024      Administration               human resources, information
stipulated in the Articles of Association and may                banking risk management policies.                                                                • Bachelor Degree in           technology, and corporate
be re-elected for the next 1 (one) period. The                c. Able to work together and have the ability                                                         Computer Science             oversight.
term of service of members of the Risk Oversight                 to communicate well and effectively and                                                            and Information
                                                                                                                                                                    Management System
Committee originating from Non-Commissioners                     are willing to provide sufficient time to carry
Independent Parties is a maximum of 3 (three)                    out their duties.                                 Caroline Halim Member         1 January – 31   Bachelor Degree in             Professional background in
                                                                                                                                                 December 2024    Accounting                     banking, risk management and
years and can be reappointed for a maximum                    d. Having adequate knowledge of the
                                                                                                                                                                                                 audit.
of 2 (two) years, without prejudice to the right of              Company’s Articles of Association, laws and
the Board of Commissioners to dismiss them at                    regulations in the banking sector, Capital        Taufik Hidayat   Member       1 April – 1      • Bachelor's degree in  Professional background in
                                                                                                                                                 December 2024      Development Economics banking, risk management,
any time.                                                        Market, SOEs and other relevant laws and                                                         • Master's degree in    business, and supporting functions.
                                                                 regulations.                                                                                       Management
If a member of the Board of Commissioners who                 e. Willing to enhance competencies
is the Chairman of the Risk Oversight Committee                  continuously through education and
resigns prior to his term of service as Commissioner             training.
of the Company, the Chairman of the Risk                                                                           Risk Oversight Committee Independence
Oversight Committee is replaced by another                 The qualifications and professional background of
Independent Commissioner. If the term of service           the Chairman and Members of the Risk Oversight          All members of the Risk Oversight Committee who are independent parties do not have any financial,
as the Board of Commissioners ends, then the               Committee are as follows.                               managerial, shareholding, or familial ties with the Board of Commissioners, the Board of Directors, and/
term of service as a member of the Risk Oversight                                                                  or the Controlling Shareholders. Moreover, there are no affiliations or relationships with the Bank that
Committee also ends.                                                                                               could compromise independence or affect ability to perform the duties independently. This ensures
                                                                                                                   that the Committee operates with objectivity and integrity, providing oversight and fostering strong risk
Risk Oversight Committee members from Non-                                                                         governance in line with the principles of Good Corporate Governance.
Commissioners Independent Parties are given
a monthly honorarium, the amount of which is
determined by the Board of Commissioners while
still referring to the prevailing laws and regulations
and taking into account the Company’s
capabilities.




PT BANK MANDIRI (PERSERO) TBK                            710                                                                                                        711                                        ANNUAL REPORT 2024
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                                                                 Loeke                                             No.           Date                                        Agenda                                      Quorum
                                         Muliadi    Heru                      Tedi     Arif   Caroline    Taufik
      Independence Aspects                                      Larasati
                                        Rahardja Kristiyana                 Bharata Budimanta Halim      Hidayat   8.    25 April 2024       Strategy & Performance of Commercial Banking                                 100%
                                                               Agoestina
                                                                                                                   9.    02 May 2024         Market Risk & Liquidity Risk Report as of March 2024                         100%
Does not have financial relations
with the Board of Commissioners             √          √            √            √       √          √       √      10.   16 May 2024         Strategy and Performance of Treasury                                         100%
and Directors
                                                                                                                   11.   21 May 2024         Write-Off of Retail Loans as of Q1/2024                                      100%
Does not have management
relations in the company,                   √          √            √            √       √          √       √      12.   13 June 2024        Liquidity Management of Subsidiaries                                         100%
subsidiaries, or affiliates
                                                                                                                   13.   20 June 2024        • Outstanding Legal Cases as of Q1/2024                                      100%
Does not have shareholding                                                                                                                   • Performance of Corporate Banking as of Q1/2024
                                            √          √            √            √       √          √       √
relations in the company                                                                                                                     • Report on Watchlist Debtors and SOEs as of Q1/2024
Does not have family relations                                                                                     14.   04 July 2024        Asset Optimization (Abandoned Properties & Non-Abandoned Fixed               83.3%
with the Board of Commissioners,                                                                                                             Assets of the Bank)
                                            √          √            √            √       √          √       √
Directors and/or with fellow
members of Committee                                                                                               15.   23 July 2024        • Proposal for the Provision of Funds to Related Parties for Subsidiaries    100%
                                                                                                                                             • Proposal for Corporate Actions of Subsidiaries
Does not serve as the
management in political parties,            √          √            √            √       √          √       √      16.   08 August 2024      • Progress on Financial Conglomerate Business in the Retail Segment          100%
officials and in the government                                                                                                              • Progress of Watchlist Debtors with Yellow Classification as of Q2/2024

                                                                                                                   17.   22 August 2024      • Performance of Special Asset Management as of Semester I/2024              100%
                                                                                                                                             • Anti-Fraud Strategy (SAF) Report for Semester I/2024
Risk Oversight Committee Meetings
                                                                                                                   18.   12 September 2024   • Proposal for the Provision of Funds to Related Parties for Subsidiaries    85.7%
                                                                                                                                             • Customer Care Management
Risk Oversight Committee Meeting is held at least once a month. Risk Oversight Committee Meeting is
considered valid if it is attended by at least 51% of members including one Commissioner and Independent           19.   19 September 2024   Results of the Risk Maturity Index (RMI) for 2024                            85.7%
Party.                                                                                                             20.   10 October 2024     Update on Macroeconomic Conditions                                           85.7%

                                                                                                                   21.   17 October 2024     Outstanding Legal Cases as of Q3/2024                                        100%
Agenda of Risk Oversight Committee Meetings
                                                                                                                   22.   31 October 2024     Performance of Overseas Branch Offices (KLN) as of Semester I/2024           100%
In 2024, 27 (twenty-seven) meetings were held with the following date of implementation, agenda and                23.   7 November 2024     • Proposal for the Update to the 2024 Recovery Plan & Resolution Plan        85.7%
meeting participants.                                                                                                                        • Management and Performance of KUR as of Q3/2024

                                                                                                                   24.   21 November 2024    • Proposal for the Sustainable Finance Action Plan (RAKB) for 2025–2029      100%
Risk Oversight Committee Meeting Agenda                                                                                                      • Proposal for Funding to Related Parties for Subsidiaries
No.           Date                                            Agenda                                    Quorum     25.   28 November 2024    Impact and Mitigation Measures by Mandiri Capital Indonesia regarding        100%
                                                                                                                                             Investree and Koinworks, as well as Progress on the Merah Putih Fund
1.    18 January 2024           Outstanding Legal Case as of Q4/2023                                     100%
                                                                                                                   26.   11 December 2024    • Wholesale Debtors with Limits Above Rp 3 Trillion and Watchlist Debtors    857%
2.    06 February 2024          Proposal for Corporate Actions of Subsidiaries                           85.7%                                 as of Q3/2024
                                                                                                                                             • Proposal for the Cybersecurity Risk Management Framework
3.    15 February 2024          • Write-Off of Wholesale Loans for 2023                                  100%
                                • Progress on Resolving Outstanding Insurance/Credit Guarantee Claims              27.   27 December 2024    Proposal for the Use of the Principal Write-Off Ceiling for MSME Debtors     100%
                                                                                                                                             in accordance with PP No. 47/2024
4.    29 February 2024          Proposal for Additional Pension Fund Benefits for 2024                   100%

5.    06 March 2024             • Condition of Watchlist Debtors and SOE Debtors as of Q4/2023           85.7%
                                • Proposal for the Update to the Risk Acceptance Statement (RAS)
                                  for 2024

6.    21 March 2024             Anti-Fraud Strategy (SAF) Report for Semester II/2023                    100%

7.    04 April 2024             • Performance of Regions in 2023                                         100%
                                • Performance and Strategy of Subsidiaries




PT BANK MANDIRI (PERSERO) TBK                               712                                                                                                        713                                        ANNUAL REPORT 2024
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                                                                                                                                     No.                Description                         Non-Commissioner Committee Members
                                                                                                                                      1.   Salary/Honorarium                 At most 20% of President Director’s Salary
Meeting Frequencies and Attendance of Risk Oversight Committee
                                                                                                                                      2.   Post-Employment                   Not provided
               Name                                        Position                    Total Meeting     Total Attendance   (%)            Compensation
Muliadi Rahardja                          Chairman & Member                                 27                 27           100       3.   Holiday Allowance                 In accordance with Bank Mandiri employee stipulation
Loeke Larasati Agoestina                  Member                                            27                 27            100      4.   Bonus/Tantiem                     Not provided
Heru Kristiyana                           Member                                            27                 25           92.6      5.   Facilities
Arif Budimanta                            Member                                            27                 26           96.3           - Transportation Allowance        Not provided
Tedi Bharata*                             Member                                            10                  7           70.0           - Health                          Provided as per the Bank’s Internal rules
Andrinof A. Chaniago**                    Chairman & Member Member                           5                  5           100            - Employment                      Provided as per the Bank’s Internal rules
Nawal Nely**                              Member                                             5                  4           80.0           - Business Trips                  In accordance with Bank Mandiri employee stipulation/equivalent to
                                                                                                                                                                             Group Head
Caroline Halim                            Member                                            27                 27            100

Taufik Hidayat                            Member                                            21                 21            100
                                                                                                                                     Activities Report of the Risk                                The following were activities of the Risk Oversight
 *) Appointed as Commissioner effective from the Annual GMS on March 7, 2024.
 **) The term of office ends effectively from the Annual GMS on March 7, 2024.
                                                                                                                                     Oversight Committee in 2024                                  Committee in 2024:
                                                                                                                                                                                                  1. Held 27 (twenty seven) Risk Oversight
                                                                                                                                     The Risk Oversight Committee has effectively                    Committee Meetings, including compiling and
Key Performance Indicators                                                       Risk Oversight Committee                            performed its duties and responsibilities according             documenting Meeting Minutes.
Achievement of Risk                                                              Remuneration                                        to the Risk Oversight Committee Charter. The                 2. Held 100 (one hundred) Internal Discussions,
Oversight Committee                                                                                                                  Committee adhered to the principles of Corporate                Discussions with related Work Units, as well as
                                                                                 The remuneration of the Risk Oversight Committee    Governance in accordance with prevailing                        Joint Discussions with the Audit Committee,
The achievement of the Risk Oversight Committee’s                                of Independent Non-Commissioners is regulated       regulations throughout its oversight processes.                 including compiling and documenting Minutes
Key Performance Indicators (KPIs) in 2024 can be                                 in the Decree of the Board of Commissioners         The Committee’s activities were also aligned with               of Discussion.
seen through the successful implementation of                                    No. KEP.KOM/003/2023 dated 13 September             the 2024 work plan, which was approved by the                3. Reviewed more than 25 (twenty five) reports,
its work plan, the quality and effectiveness of the                              2023 concerning Remuneration of Supporting          Board of Commissioners.                                         including Risk Profile Report, Bank Soundness
recommendations provided, and the strength                                       Organs of the Board of Commissioners of PT Bank                                                                     Rating Report, Debtor Report with Credit Limit of
of communication established with the Board of                                   Mandiri (Persero) Tbk and regulated in the Letter   The 2024 work plans of the Risk Oversight                       over Rp3 trillion individually, Wholesale Segment
Commissioners, the Board of Directors, and Heads                                 of Assignment as a member of the Committee          Committee are divided into 2 (two) activities,                  Watchlist Debtor Report, and Anti-Fraud Strategy
of related Work Units.                                                           under the Board of Commissioners issued by Bank     namely Mandatory/Regular and Non-Regular as                     Realization Report.
                                                                                 Mandiri.                                            follows:                                                     4. Reviewed more than 20 (twenty) Proposals
Overall, the Committee has effectively executed                                                                                      1. Mandatory/Regular, which includes review                     from the Board of Directors requiring written
work programs as outlined in the 2024 Risk                                                                                               of Risk Profile Report, review of Bank’s Rating             approval from the Board of Commissioners,
Oversight Committee Work Plan. Moreover,                                                                                                 Report, review of Anti-Fraud Strategy Realization           including Proposals for the Provision of Funds
recommendations issued by the Risk Oversight                                                                                             Report, review of Corporate Work & Budget                   to Related Parties, Corporate Actions, the Work
Committee have been endorsed by the Board                                                                                                Plans and Bank Business Plan, implementation                Plan & Budget (RKAP) and Bank Business Plan
of Commissioners and considered in the decision-                                                                                         of Compliance, management of the Bank’s 8                   (RBB) along with their revisions, the Sustainable
making process regarding proposals presented                                                                                             (eight) Risks, and Internal Activities of the Risk          Finance Action Plan (RKAB), Updates to the
by the Board of Directors. On communication,                                                                                             Oversight Committee.                                        Recovery Plan & Resolution Plan, and Internal
good, consistent, and proactive engagement                                                                                           2. Non-Regular, which includes the concern                      Bank Policies. Prepared 4 (four) quarterly
were maintained in 2024, including discussions                                                                                           and focus of the Risk Oversight Committee                   activity reports for the Committee, which were
on risk-related issues at Bank Mandiri and close                                                                                         on certain issues regarding risk management,                submitted to the Board of Commissioners.
monitoring of the progress on follow-up actions                                                                                          particularly related to business & loan, IT and
implemented by the Board of Directors.                                                                                                   operations, as well as GRC.




PT BANK MANDIRI (PERSERO) TBK                                               714                                                                                                             715                                     ANNUAL REPORT 2024
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                                                                                                                                  INTEGRATED GOVERNANCE
                                                                                                                                               COMMITTEE

5. Conducted 6 (six) site visits, including the           Risk Oversight Committee
   preparation of Site Visit Reports, to Bank Mandiri     Work Plans for 2025
   Dili-Timor Leste (February 26–28, 2024), PT
   Mandiri Tunas Finance (May 8, 2024), PT Mandiri        At the end of 2024, the Risk Oversight Committee
   Utama Finance (May 8, 2024), Sorong Area -             has prepared a 2025 work plan and has obtained        The Integrated Governance Committee is responsible for
   Region XII (June 6–7, 2024), the CISO Office           approval from the Board of Commissioners. The         supporting the Board of Commissioners in supervising the
   (June 5, 2024), and Sentra Mandiri Soeroso             2025 Risk Oversight Committee work plan is divided    implementation of good governance across all Financial Service
   (October 10, 2024).                                    into 2 (two) activities, namely Mandatory/Regular
6. Prepared a Risk Oversight Committee Work               and Non-Regular as follows:                           Institutions (FSIs) within the Bank Mandiri Financial Conglomerate.
   Plan for 2025.                                         1. Mandatory/Regular, which includes review of        This oversight aligns with the Integrated Governance Guidelines
7. All members of the Committee have                          Risk Profile Reports, Bank Soundness Reports,     and includes monitoring the Board of Directors› compliance
   participated in at least 1 (one) competency                Debtor Reports with Limits above Rp3 Trillion,
   development activity related to Banking / Risk             Wholesale Debtor Reports Watchlist Category,
                                                                                                                with their duties and responsibilities. Furthermore, the Committee
   Management.                                                Stress Test Results, Anti-Fraud Strategy          provides strategic advice and recommendations to the Board
                                                              Realization Reports, Realization of Company       of Directors, focusing on the effective implementation and
                                                              Work Plans & Budgets (RKAP) and Bank Business
                                                              Plans (RBB), Sustainable Finance Action Plan
                                                                                                                continuous evaluation of the Integrated Governance Guidelines,
                                                              (RAKB), implementation of Compliance,             as well as suggesting areas for improvement.
                                                              management of 8 (eight) types of Bank Risk,
                                                              and Internal Activities of the Risk Oversight
                                                              Committee.
                                                          2. Non-Regular, which includes matters that are
                                                              the concern and focus of the Risk Oversight
                                                              Committee, including business and credit,         Integrated Governance                                   8. Decree of the Board of Commissioners No.
                                                              operations & IT, and GRC.                         Committee Appointment Basis                                KEP.KOM/014/2024 dated 27 December 2024
                                                                                                                                                                           on the Composition of Audit Committee
                                                          The work plan is one of KPIs that serves as a basic   The establishment of the Integrated Governance             Membership, Risk Oversight Committee,
                                                          of performance effectiveness assessment of the        Committee refers to the prevailing laws and                Integrated Governance Committee and
                                                          Risk Oversight Committee in 2025.                     regulations as well as banking best practices in           Remuneration and Nomination Committee
                                                                                                                Indonesia, as follows:                                     of PT Bank Mandiri (Persero) Tbk.
                                                                                                                1. SOE Minister Regulation No. PER-3/MBU/03/2023        9. Board of Directors Decree No. KEP.DIR/074/2024
                                                                                                                   on Organs and Human Resources of State-                 dated 30 December 2024 on Determination of
                                                                                                                   Owned Enterprises.                                      Membership of the Integrated Governance
                                                                                                                2. SOE Minister Regulation No. PER-2/MBU/03/2023           Com
                                                                                                                   on Guidelines of Governance and Significant
                                                                                                                   Corporate Activities of State-Owned Enterprises.     Structure, Membership and
                                                                                                                3. POJK No. 33/POJK.04/2014 on the Board of             Profile of the Integrated
                                                                                                                   Directors and Board of Commissioners of Issuers      Governance Committee
                                                                                                                   or Public Companies.
                                                                                                                4. POJK No. 18/POJK.03/2014 dated November              The Integrated Corporate Governance Committee
                                                                                                                   18, 2014 on the Implementation of Integrated         membership consists of at least:
                                                                                                                   Governance for Financial Conglomerates.              1. An Independent Commissioner who acts as
                                                                                                                5. POJK No. 45/POJK.03/2020 on Financial                   President Commissioner of the Company and
                                                                                                                   Conglomerates.                                          serves as Chairman of one of the committees in
                                                                                                                6. POJK No. 17/2023 on the Governance                      the Company, as chairman and concurrently
                                                                                                                   Implementation for Commercial Banks.                    member.
                                                                                                                7. Bank Mandiri Articles of Association and
                                                                                                                   amendments.



PT BANK MANDIRI (PERSERO) TBK                           716                                                                                                       717                                  ANNUAL REPORT 2024
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2. Independent Commissioner representing and appointed from Financial Services Authority in the
   Financial Conglomeration, as a member.                                                                        Integrated Governance Committee Profile
3. At least one Non-Commissioner Independent Party, as a member.
4. Member of the Sharia Supervisory Board of Bank Syariah Indonesia, as a member of the Independent              The profile of the Integrated Governance Committee members as members of the Board of Commissioners
   Commissioner.                                                                                                 is presented in Chapter 3 (three) Profile of the Board of Commissioners, Chapter 5 (five) sub section Audit
5. Membership in the Integrated Governance Committee representing and appointed from the Financial               Committee and Risk Oversight Committee in this Annual Report.
   Conglomeration in accordance with the needs of the Financial Conglomeration.
6. Other committee members who are not members of the Board of Commissioners, are not members                    The following is profile of the Integrated Governance Committee members as representatives from LJK
   of the Integrated Governance Committee, but may be assigned to assist the duties of the Integrated            in the Financial Conglomerate.
   Governance Committee.
7. Membership of Independent Commissioners, Non-Commissioners of Independent Parties, and
   members of the Sharia Supervisory Board in the Integrated Governance Committee of the Financial
   Conglomeration is not counted as concurrent positions.
8. The number and composition of members of the Integrated Governance Committee are adjusted
   to the needs of the Financial Conglomeration, as well as the efficiency and effectiveness of the
   implementation of the duties of the Integrated Governance Committee by taking into account at
   least the representation of each financial services sector.

As of 31 December 2024, the composition of the Integrated Governance Committee’s membership                                                 BOEDI ARMANTO
appointed based on the Decree of the Board of Directors No. KEP.DIR/040/2024 dated 22 May 2024                                              Member of Integrated
regarding the Determination of Integrated Governance Committee Membership, is as follows:                                                   Governance
                                                                                                                                            Committee

Integrated Governance Composition as of 31 December 2024
                                 Position in the
          Name                                     Position in Bank Mandiri & Other Companies        Period
                                  Committee
                                                                                                                 Age : 65 Years old                                             • Deputy Commissioner of Banking Supervision IV of
M. Chatib Basri             Chairman &             President Commissioner/ Independent             2024 - 2029   Citizenship : Indonesian                                         the Financial Services Authority (2017-2017)
                            Member                                                                                                                                              • Acting Deputy Commissioner of Banking
                                                                                                                 Period of Assignment                                             Supervision IV Financial Services Authority (2016-
Zainudin Amali              Member                 Vice President Commissioner/ Independent        2023 - 2028   27 June 2023 – Present                                           2017)
                                                                                                                                                                                • Deputy Commissioner of Banking Supervision II of
Loeke Larasati Agoestina    Member                 Independent Commissioner                        2020 - 2025   Educational Background                                           the Financial Services Authority (2015-2017)
                                                                                                                 • Master of Agronomy of Bogor Agricultural Institute           • Head of Department of Supervision Development
Muliadi Rahardja            Member                 Independent Commissioner                        2022 - 2027
                                                                                                                 • Master of Applied Economics University of                      and Crisis Management of the Financial Services
Heru Kristiyana             Member                 Independent Commissioner                        2023 - 2028     Minnesota                                                      Authority (2014-2015)
                                                                                                                 • Doctor of Economics, University of Indonesia                 • Head of Department of Development, Supervision
Taufik Hidayat              Member                 Independent Party                               2024 - 2029                                                                    and Crisis Management of Bank Indonesia (2013-
                                                                                                                 Legal Basis of Appointment                                       2013)
Rasyid Darajat              Member                 Independent Party                               2021 - 2026   Appointed as a member of the Integrated                        • Head of Accounting and Payment System
                                                                                                                 Governance Committee based on the Letter of the                  Department of Bank Indonesia (2012-2013)
Boedi Armanto               Member                 Independent Commissioner PT Bank Mandiri        2023 - 2026   Board of Commissioners No. DEKOM/068/2023 dated                • Head of Bank Supervision Department 1 Bank
                                                   Taspen                                                        25 October 2023 regarding the Change of Members                  Indonesia (2008-2012)
                                                                                                                 of the Integrated Governance Committee of Mandiri              • Head of Banking Licensing and Information
Hoesen                      Member                 Independent Commissioner PT Mandiri Sekuritas   2023 - 2026
                                                                                                                 Group Representative of PT Bank Mandiri Taspen.                  Department of Bank Indonesia (2008-2008)
Agus Retmono                Member                 Independent Commissioner PT AXA Mandiri         2023 - 2026                                                                  • Deputy Director of Internal Supervision Department
                                                   Financial Services                                            Professional Background                                          of Bank Indonesia (2005-2008)
                                                                                                                 • Independent Commissioner of PT Bank Mandiri                  • Senior Executive Analyst of Strategic Planning and
Fendy Eventius Mugni            Member             Independent Commissioner PT Mandiri Tunas       2023 - 2026      Taspen (2023-present)                                         Public Relations Department of Bank Indonesia
                                                   Finance                                                       • Independent Commissioner of PT Bank Mandiri                    (2005-2005)
                                                                                                                    (Persero) Tbk (2020 - 14 March 2023)                        • Project Leader of Special Unit of Bank Indonesia
Kusman Yandi                    Member             Independent Commissioner PT Mandiri Utama       2023 - 2026   • Expert Staff of Banking Supervision of the Financial           Transformation Program (2003-2005)
                                                   Finance                                                          Services Authority (2019-2020)                              • Deputy Director of Bank Supervision Department 1
                                                                                                                 • Acting Deputy Commissioner of Banking                          Bank Indonesia (2002-2003)
Alamanda Shantika               Member             Independent Commissioner PT Mandiri Capital     2023 - 2026      Supervision II of the Financial Services Authority          • Head of Bank Supervision Department 1 Bank
                                                   Indonesia                                                        (2019-2018)                                                   Indonesia (1999-2002)
                                                                                                                 • Deputy Commissioner of Banking Supervision I of              • Head of Human Resources Department of the
Mohamad Nasir                   Member             Independent Commissioner PT Bank Syariah        2022 - 2025      the Financial Services Authority (2017-2019)                  Indonesian Bank Restructuring Agency (1998-1999)
                                                   Indonesia

Mohamad Hidayat                 Member             Sharia Supervisory Board PT Bank Syariah        2024 - 2027
                                                   Indonesia


PT BANK MANDIRI (PERSERO) TBK                            718                                                                                                              719                                    ANNUAL REPORT 2024
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                           HOESEN                              AGUS RETMONO                                                                  FENDY EVENTIUS                        KUSMAN YANDI
                           Member of Integrated                         Member of                                                            MUGNI                                         Member of
                           Governance                                   Integrated                                                           Member of Integrated                          Integrated
                           Committee                                   Governance                                                            Governance                                   Governance
                                                                        Committee                                                            Committee                                     Committee



Age : 58 Years old                                        Age : 62 Years old                                      Age : 52 Years old                                         Age : 59 Years old
Citizenship : Indonesian                                  Citizenship : Indonesian                                Citizenship : Indonesian                                   Citizenship : Indonesian

Period of Assignment                                      Period of Assignment                                    Period of Assignment                                       Period of Assignment
25 May 2023 - Present                                     24 June 2021 – Present                                  28 June 2023 – Present                                     13 November 2023 – Present

Educational Background                                    Educational Background                                  Educational Background                                     Educational Background
• Bachelor of Agriculture From Padjadjaran University     • Bachelor Degree in Economics, University of           • Bachelor Degree in Electrical Engineering,               • Bachelor of accounting, Riau University (1989)
  (1991)                                                    Diponegoro, Semarang (1987)                             Indonesian Christian University, Jakarta (2001).         • Master of Management Gadjah Mada University
• Master of Financial Management from Pelita              • MBA from University of Illinois at Urbana-            • Master of Electrical Engineering, Indonesian               (2009)
  Harapan University (2005)                                 Champaign, USA (1997)                                   Christian University, Jakarta (2020).
                                                                                                                                                                             Legal Basis of Appointment
                                                          Legal Basis of Appointment                              Legal Basis of Appointment                                 Appointed as a member of the Integrated
Legal Basis of Appointment                                Appointed as member of the Integrated Governance        Appointed based on the results of the general              Governance Committee in accordance with Number
Appointed as member of the Integrated Governance          Committee as of 24 June 2021 No. 002/AMFS-BOC/          meeting of shareholders on 28th June 2023, he was          of Letter Skel.0209/BOD/CORSEC/MUF/XI/2023 01
Committee as of 25 May 2023.                              VI/2021.                                                appointed as an independent commissioner who               November 2023 regarding Notification of the MUF
                                                                                                                  also represents the Company as a member of the             Independent Commissioner as Member of the
Professional Background                                   Professional Background                                 Integrated Governance Committee.                           Integrated Governance Committee
• Independent Commissioner PT Samudra Indonesia           • Associate Consultant (Advisor) at PT Sumberdaya
   Tbk. (2023-present)                                       Andalan Mandiri (2019-2020)                                                                                     Professional Background
• President Commissioner Penjamin Efek Indonesia          • Senior Vice President Policy & Procedure Group at     Professional Background                                    • Independent Commissioner PT Mandiri Utama
   (KPEI) (2023-present)                                     PT Bank Mandiri (Persero) Tbk (2017-2019)            • Investigator of National Human Rights Commission            Finance (November 2023 – present).
• President Commissioner and Independent                  • Supervisory Board Chairman of Pension Fund at            (2001-2003)                                             • Wholesale & Transaction Banking Director PT Bank
   Commissioner PT Mandiri Sekuritas (2023-present)          Bank Mandiri Empat (DPBM Empat) (2015-2018)          • Program Officer at Voice of Human Rights (2004-             Syariah Indonesia Tbk (February 2021 – May 2022).
• Independent Commissioner PT Sawit Sumbermas             • Senior Vice President Credit Operations Group at         2005).                                                  • Wholesale Banking Director PT Bank Syariah
   Sarana Tbk. (2022-present)                                PT Bank Mandiri (Persero) Tbk (2016-2017)            • Project Engineer of Nokia Siemens Network                   Mandiri (April 2015
• Commissioner PT Central Finansial X (2024-present)      • Senior Vice President Cash & Trade Operations            Indonesia (2006-2012).                                  • January 2021).
• Chief Executive of Capital Market, Commissioner            Group at PT Bank Mandiri (Persero) Tbk (2015-2016)   • Country Manager of PT Eflag Solutions Indonesia          • Senior Executive Vice President (SEVP) Wholesale
   Otoritas Jasa Keuangan (2017-2022)                     • Head I of SWIFT Indonesia Association                    (2012-2014)                                                Banking PT Bank Syariah Mandiri (January 2015 –
• Commissioner PT Danareksa Capital (2015-2017)              (ASWIFTINDO) (2014-2016)                             • Independent Commissioner of PT Hotel Indonesia              March 2015).
• Commissioner PT Danareksa Investment                                                                               Natour (Persero) (2015-2024)                            • Senior Executive Vice President (SEVP) Wholesale,
   Management (2015-2017)                                                                                         • Independent Commissioner of PT Mandiri Tunas                Treasury & International Banking PT Bank Syariah
• Director PT Danareksa (2015-2017)                                                                                  Finance (2023-Present).                                    Mandiri (May 2014 – January 2015).
• Director of listing PT Bursa Efek Indonesia (2012-                                                                                                                         • Executive Business Officer (EBO) Commercial
   2015)                                                                                                                                                                        Banking and Business Banking PT Bank Mandiri
                                                                                                                                                                                (Persero) Tbk (September 2014 – May 2014).
                                                                                                                                                                             • Commercial Banking Center Manager (CBC
                                                                                                                                                                                Manager / Vice President) PT Bank Mandiri
                                                                                                                                                                                (Persero) Tbk (May 2007 – August 2013).




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                                                                                                                                                                              Integrated Governance
                           ALAMANDA                                MOHAMAD                                                                MOHAMMAD
                                                                                                                                                                              Committee Charter
                           SANTIKA                                    NASIR                                                               HIDAYAT
                           Member of Integrated                       Member of                                                           Member of Integrated                In fulfilling its duties and responsibilities, the Integrated
                           Governance                                 Integrated                                                          Governance                          Governance Committee of the Bank operates
                           Committee                                 Governance                                                           Committee
                                                                                                                                                                              under a formal Charter, known as the Charter
                                                                      Committee
                                                                                                                                                                              of the Integrated Governance Committee. This
                                                                                                                                                                              Charter was last amended on 31 May 2024 as per
Age : 36 Years old                                      Age : 64 Years old                                     Age : 57 Years old
                                                                                                                                                                              the Decree of the Board of Commissioners No. KEP.
Citizenship : Indonesian                                Citizenship : Indonesian                               Citizenship : Indonesian
                                                                                                                                                                              KOM/009/2024. The Charter provides a framework
Period of Assignment                                    Period of Assignment                                   Period of Assignment                                           and covers several key aspects, including the
4 September 2020 – Present                              27 May 2022 – Present                                  6 May 2021– Present
                                                                                                                                                                              scope of the Committee’s responsibilities, roles,
Educational Background                                  Educational Background                                 Educational Background                                         authority, reporting mechanisms, and protocols
Bachelor’s degree in computer science and               • Bachelor Degree in Accounting, University            • Bachelor Degree in Sharia, IAIN/UIN Syarif                   for meetings. These provisions are designed to
mathematics, University of Bina Nusantara (2013)          Diponegoro Semarang (1988)                             Hidayatullah Jakarta (1992)
                                                                                                                                                                              ensure that the Committee can effectively oversee
                                                        • Master Degree in Accounting, University Gadjah       • Master of Business Administration IPWI Jakarta
Legal Basis of Appointment                                Mada Yogyakarta (1994)                                 (1999)                                                       the implementation of integrated governance,
Appointed as member of the Integrated Governance        • Doctorate in Accounting, University of Science       • Master Degree in Law Science, Institute of Business          maintain alignment with regulatory standards, and
Committee pursuant to Deed of Resolution Statement        Malaysia (2004)                                        Law and Legal Management (2004)
                                                                                                                                                                              support the Bank’s commitment to strong corporate
of Shareholders No. 2 dated 4 September 2020.                                                                  • Doctorate in Islamic Economics and Finance,
                                                                                                                 University of Trisakti (2014)                                governance practices.
Professional Background                                 Legal Basis of Appointment
• (Aug 2024 – present) Vice Chairman Asosiasi           Appointed as member of the Integrated Governance       Legal Basis of Appointment
                                                        Committee as of 5 December 2023 pursuant to the                                                                       The Integrated Governance Committee Charter
   Pengembang Talenta Digital Indonesia                                                                        Appointed as member of the Integrated Governance
• (2022 – present) Independent Commissioner             Board of Directors Decree No. 03/519-KEP/DIR.          Committee as of 19 March 2021 pursuant to the                  regulates the following:
   PT Blue Bird Tbk.                                                                                           Decree of the Board of Directors No. 01/053-KEP/DIR.           1. General Purpose
• (2019 – present) Independent Commissioner PT          Professional Background
                                                        • Independent Commissioner of PT Bank Sharia                                                                          2. Basic Regulations
   Mandiri Capital Indonesia                                                                                   Professional Background
• (2017 – present) Founder and CEO PT Lentera              Indonesia Tbk (2022-present)                        • Member of the Sharia Supervisory Board of PT Bank            3. Duties, Responsibilities and Authority
   Bangsa Benderang (Binar Academy)                     • Special Advisor to the Vice President of the            Syariah Indonesia Tbk (May 2021-present)                    4. Composition, Structure, Membership
• (2017 – present) member of Technology                    Republic of Indonesia, Bureaucratic Reform (2019-   • Chairman of the Sharia Supervisory Board of
                                                           2024)                                                                                                                 Requirements and Tenure
   Committee PT Medikaloka Hermina Tbk                                                                            the Sharia Business Unit of PT Asuransi BRI Life
• (Jan 2019 – Jul 2019) Digital Economy and Human       • Independent Commissioner of PT Bank Mandiri             (2024-present).                                             5. Meetings
   Resources Research Team Presidential Advisory           (Persero) Tbk (2019-2022)                           • Member of the Sharia Supervisory Board of the                6. Reports
   Council Republic of Indonesia                        • Minister of Research, Technology and Higher             Sharia Business Unit of PT Asuransi Allianz Syariah
                                                           Education Working Cabinet Republic of Indonesia
                                                                                                                                                                              7. Performance Evaluation
• (May 2016 – Sept 2016) Vice President People and                                                                Indonesia (2023-present)
   Culture PT Aplikasi Karya Anak Bangsa (Gojek)           (2014-2019)                                         • Chairman of the Sharia Supervisory Board of PT               8. Closing
• (2015 – 2016) Vice President Product PT Aplikasi      • Chancellor of Diponegoro University (2014-2018)         Bank Syariah Indonesia Tbk (February-May 2021).
                                                        • Dean of the Faculty of Economics and Business,
   Karya Anak Bangsa (Gojek)
                                                           Diponegoro University (2010-2014)
                                                                                                               • Chairman of the Sharia Supervisory Board of the              Duties and Responsibilities of
• (2014 – 2015) Tech Product Consultant PT Aplikasi                                                               Sharia Business Unit of PT Asuransi Jiwa Manulife
   Karya Anak Bangsa (Gojek)                                                                                      Indonesia (2020-August 2024).                               Integrated Governance Committee
• (Jan 2015 – May 2015) Head Product Development                                                               • Chairman of the Sharia Supervisory Board of PT
   Engineering PT Multi Adiprakasa Manunggal                                                                      Bank Syariah Mandiri (2019-2021).                           The following are duties and responsibilities of the
   (Kartuku)                                                                                                   • Member of the Sharia Supervisory Board of the
• (Jun 2014 – Dec 2014) Assistant Engineering                                                                     Sharia Business Unit of PT Bank Tabungan Negara
                                                                                                                                                                              Integrated Governance Committee:
   Manager PT Multi Adiprakasa Manunggal (Kartuku)                                                                (Persero) Tbk (2018-2023)                                   1. Evaluating the implementation of Integrated
• (Jan 2014 – Jun 2014) Engineering Supervisor,                                                                                                                                   Governance at least through an assessment
   SCRUM Evangelist, UI/UX designer PT Multi
   Adiprakasa Manunggal (Kartuku)
                                                                                                                                                                                  of the adequacy of internal control and the
• (2009 – 2014) CEO Pentool Design                                                                                                                                                implementation of an integrated compliance
• (2013 – 2013) Senior Software Engineer PT Multi                                                                                                                                 function.
   Adiprakasa Manunggal (Kartuku)
• (2012 – 20130 Product Design & Engineering Lead
   PT Berrybenka




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   a. Assessment of the Adequacy of Integrated                • Monitoring the implementation of             2. Communicate with work units for functions            Qualifications and Professional
      Internal Control                                          compliance periodic reports and audit           including internal audit, legal and                  Background of Integrated
      • Evaluating the Company and its                          reports relating to compliance with             compliance, finance and risk management,             Governance Committee
          Subsidiaries adherence to implement                   internal and external regulations issued        human resources, and aspects of business
          a standard integrated internal control                by the Integrated Compliance Unit and           operational functions that are needed, to            The following are requirements for the Integrated
          system in accordance with the best                    external auditors.                              obtain information, clarification and request        Governance Committee Members:
          practices by reviewing the enforcement              • Holding periodic meetings with the              the necessary reports in an integrated manner.       1. General Requirements
          of Integrated Governance Guidelines in                Integrated Compliance Unit to discuss        3. Access documents, data, records, or                     a. Having integrity, character and good morals.
          the Company.                                          matters relating to the Company and             information about employees, funds, assets              b. Does not have personal interests/relationships
      • Monitoring and evaluating the                           its Subsidiaries compliance with internal       and other company resources related to the                  that can cause conflict of interest against
          effectiveness of the implementation of                and external regulations.                       performance of their duties.                                the Company.
          integrated internal control by reviewing            • Monitoring and evaluating the                4. Exercise other powers granted by the Board           2. Competency Requirements
          the Periodic Report and Audit Report                  implementation of follow-up by the              of Commissioners.                                       a. Having sufficient expertise, ability, knowledge
          issued by the Integrated Internal Audit               Board of Directors of the Company                                                                           and experience related to their duties and
          Unit.                                                 and Subsidiaries on the findings of          Reporting of Integrated                                        responsibilities.
      • Holding periodic meetings with the                      the Integrated Compliance Unit,              Governance Committee                                       b. Having sufficient knowledge of good
          Integrated Internal Audit Unit to discuss             Public Accountant Firm, and the                                                                             corporate governance.
          matters related to the integrated                     oversight results of the OJK regarding       The Integrated Governance Committee shall                  c. Having sufficient knowledge of capital
          internal control system.                              the weaknesses in the system and             prepare periodic reports to the Bank’s Board of                market regulations and regulations related to
      • Holding periodic meetings with the                      implementation of the integrated             Commissioners regarding the activities of the                  banking, insurance, securities and financing
          Integrated Risk Management Unit to                    compliance function.                         Integrated Governance Committee, at least                      business.
          discuss matters related to integrated               • In conducting the assessment, the            once in 6 (six) months. The Integrated Governance
          risk management.                                      Integrated Governance Committee              Committee shall prepare a report to the Bank’s
      • Monitoring and evaluating the                           obtained information on evaluation           Board of Commissioners on each assignment given
          implementation of follow-up by the                    of the internal audit implementation         and/or for any issues identified that require the
          Board of Directors of the Company                     and the compliance function of each          attention of the Bank’s Board of Commissioners.
          and Subsidiaries on the findings of                   LJK from members of the Board of
          the Integrated Internal Audit Unit,                   Commissioners of each LJK who are            Integrated Governance Committee Education Qualification and Professional Experience
          Public Accountant Firm, and the                       members of the Integrated Governance              Name            Position          Educational Background                Professional Background
          oversight results of the OJK regarding                Committee.
          the weaknesses in the system and                                                                   M. Chatib Basri    Chairman     • Bachelor Degree in Economics            Professional background in finance
                                                                                                                                and Member   • Master of Business Administration in    and corporate oversight.
          implementation of integrated internal         2. Providing recommendations to the Bank’s                                             Economic Development.
          control.                                         Board of Commissioners to refine the Integrated                                   • Ph. D in Economics
      • Implementation of Integrated                       Governance Guidelines according to the            Zainudin Amali     Anggota      •   Bachelor in Economy (Accounting)      Professional background in banking
          Compliance Function                              needs of at least every 2 (two) years.                                            •   Magister in Public Policy             and corporate oversight.
                                                                                                                                             •   Doctor in Government Sciences
                                                                                                                                             •   Honorary Professor in Sports Policy
   b. Monitoring and evaluating the Company
      and its Subsidiaries compliance with              Integrated Governance                                Loeke Larasati     Member       • Bachelor Degree in Law                  Professional background in law and
      the prevailing laws and regulations in            Committee Authority                                  Agoestina                       • Master Degree in Management             banking.

      the Capital Market and the OJK, Bank                                                                   Muliadi Rahardja   Member       • Bachelor Degree in Accounting           Professional background in finance
      Indonesia, and other regulations relating to      The Integrated Governance Committee has the                                          • Master of Business Administration in    and corporate oversight.
                                                                                                                                               Finance
      banking, insurance, securities and financing      authority to implement the following matters:
      businesses through coordination with the          1. Providing opinions to the Bank’s Board of         Heru Kristiyana    Member       • Bachelor Degree in Law                  Professional background in banking
      Integrated Compliance Unit.                          Commissioners regarding the implementation                                        • Master of Management                    supervision.

                                                           of Integrated Governance through the
                                                           assessment of the adequacy of internal control
                                                           and the implementation of the integrated
                                                           compliance function.




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      Name               Position          Educational Background               Professional Background             Independence of Integrated Governance Committee
Taufik Hidayat         Member       • Bachelor's degree in Development      Professional background in banking,
                                      Economics                             risk management, business, and          Members of the Integrated Governance Committee do not hold any shares, either directly or indirectly,
                                    • Master's degree in Management         supporting functions.                   in Bank Mandiri or any of its subsidiaries. They also do not have any affiliation or association with Bank
Rasyid Darajat         Member       • Bachelor Degree in Accounting         Professional background in banking,     Mandiri, its subsidiaries, or with any members of the Board of Commissioners and the Board of Directors of
                                    • Master of Management in Business      audit, and risk management.             Bank Mandiri or its subsidiaries. Additionally, they maintain no relationships, whether financial, managerial,
                                      Management                                                                    or business-related, with the ultimate shareholders of Bank Mandiri and its subsidiaries. This ensures that
Boedi Armanto          Member       • Bachelor of Agronomy                  Professional background in banking      the Committee members remain fully independent, free from any potential conflicts of interest, and are
                                    • Master of Applied Economics                                                   able to carry out oversight duties with objectivity.
                                    • Doctor of Economics

Hoesen                 Member       • Bachelor of Agriculture               Professional background in banking       Independence
                                    • Master of Financial Management        and finance.                                          MCB ZA KKA MR                            HK   TH    RD      BA    H   AR FEM KY   BW    AS   MN MH
                                                                                                                         Aspect
Agus Retmono           Member       • Bachelor Degree in Economics          Professional background in banking.
                                                                                                                    No financial
                                    • Master of Business Administration
                                                                                                                    relationships with
Fendy Eventius Mugni   Member       • Bachelor Degree in Electrical         Professional background in Human        the Board of
                                                                                                                                             √       √       √         √   √    √         √   √     √   √   √   √   √      √     √    √
                                      Engineering                           Rights, Supervision, Advisory, Audit,   Commissioners
                                    • Master of Electrical Engineering      and Electrical Engineering.             and Board of
                                                                                                                    Directors
Kusman Yandi           Member       Master of Resources Economics           Professional background in
                                    Program                                 Conventional and Sharia banking,        No managerial
                                                                            especially in Strategic Management,     relationships
                                                                            Financial Analysis, Risk Management,    within the
                                                                            Business Development Strategies,        company, its             √       √       √         √   √    √         √   √     √   √   √   √   √      √     √    √

                                                                            and Islamic Finance.                    subsidiaries,
                                                                                                                    or affiliated
Bambang Widianto*      Member       • Bachelor Degree Industrial            Professional background in Economic     companies
                                      Engineering                           Policy and Welfare.
                                    • Master of Arts in Computer Science                                            No share
                                    • Master of Arts in Economics                                                   ownership
                                                                                                                                             √       √       √         √   √    √         √   √     √   √   √   √   √      √     √    √
                                    • Philosophy in Economics Policy                                                relationships in the
                                                                                                                    company
Alamanda               Member       Bachelor Degree in Computer Science     Professional background in
Shantika                            and Mathematics                         Information technology, member          No family
                                                                            of Committees, and corporate            relationships with
                                                                            oversight.                              the Board of
                                                                                                                    Commissioners,
                                                                                                                                             √       √       √         √   √    √         √   √     √   √   √   √   √      √     √    √
Mohamad Nasir          Member       • Bachelor in Accounting                Professional background in              Board of
                                    • Master in Accounting                  Supervision, Advisory, Bureaucracy,     Directors, and/or
                                    • Doctor in Accounting                  Education, and Accounting.              fellow Committee
                                                                                                                    members
Mohamad Hidayat        Member       •   Bachelor Degree in Sharia           Professional background in sharia
                                    •   Master of Business Administration   banking dan Legal.                      Not serving
                                    •   Master Degree in Law                                                        as a political
                                    •   Doctorate Degree in Islamic                                                 party official,
                                                                                                                                             √       √       √         √   √    √         √   √     √   √   √   √   √      √     √    √
                                        Economic and Finance                                                        government
                                                                                                                    official, or public
                                                                                                                    servant
                                                                                                                    Remark:                BA: Boedi Armanto
                                                                                                                    MCB: M. Chatib Basri   H: Hoesen
                                                                                                                    ZA: Zainudin Amali     AR: Agus Retmono
                                                                                                                    LLA: Loeke Larasati    FEM: Fendy Eventius Mugni
                                                                                                                    Agoestina              KY: Kusman Yandi
                                                                                                                    MR: Muliadi Rahardja   BW: Bambang Widianto*
                                                                                                                    HK: Heru Kristiyana    AS: Alamanda Shantika
                                                                                                                    TH: Taufik Hidayat     MN: Mohamad Nasir
                                                                                                                    RD: Rasyid Darajat     MH: Mohamad Hidayat




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Integrated Governance Committee Meeting                                                                              Integrated Governance Committee Meeting Frequency and Attendance
                                                                                                                                                                                        Total            Total
The provisions of the Integrated Governance Committee meeting are regulated in the Integrated                                     Name                             Position                                           Percentage
                                                                                                                                                                                       Meeting       Attendance
Governance Committee Charter as follows:
                                                                                                                     M. Chatib Basri                      Chairman and Member             5               5               100%
1. The Integrated Governance Committee holds a meeting at least 1 (one) time in 6 (six) months.
2. The Integrated Corporate Governance Committee meetings are considered valid if attended by at                     Zainudin Amali                       Member                          5               4               100%
   least 51% of members including an Independent Commissioner of the Company and an Independent
                                                                                                                     Loeke Larasari Agoestina             Member                          5               4               100%
   Party on Non-Commissioners.
3. The decision of the Integrated Governance Committee meeting is made based on deliberation to                      Muliadi Rahardja                     Member                          5               5               100%
   reach a consensus.                                                                                                Heru Kristiyana                      Member                          5               4               100%
4. In the case that consensus agreement does not occur, the decision is made based on majority votes.
                                                                                                                     Chrisna Pranoto*                     Member                          1               1               100%
5. The meeting shall be chaired by the Chairman of the Integrated Governance Committee or other
   Committee Members who are Independent Commissioners if the Chairman of the Integrated                             Rasyid Darajat                       Member                          5               5               100%
   Governance Committee is unable to attend.                                                                         Taufik Hidayat**                     Member                          5               4               100%
6. Each meeting of the Integrated Governance Committee is set forth in the meeting minutes, including
                                                                                                                     Hoesen                               Member                          5               5               100%
   the dissenting opinions with its reasons, signed by the Committee Chairman and Secretary and to
   be properly documented.                                                                                           Boedi Armanto                        Member                          5               5               100%
7. Meetings of the Integrated Governance Committee shall be stated in the meeting minutes signed                     Agus Retmono                         Member                          5               5               100%
   by the Committee Chairman and Secretary.
                                                                                                                     Fendy Eventius Mugni                 Member                          5               5               100%
8. The Integrated Governance Committee meetings can be held through direct meeting and/or
   electronic media.                                                                                                 Kusman Yandi                         Member                          5               5               100%

                                                                                                                     Alamanda Shantika                    Member                          5               5               100%
Meeting Agenda of the Integrated Governance Committee
                                                                                                                     Mohamad Nasir                        Member                          5               5               100%
In 2024, the Integrated Governance Committee held 5 (five) meetings, with the following agenda.                      Mohamad Hidayat                      Member                          5               5               100%
                                                                                                                     * End of tenure since May 2024
Integrate Governance Committee Meeting Agenda                                                                        ** Commencing of tenure since May 2024


 No.       Date                                            Agenda                                           Quorum

1      21 March 2024 • Follow-Up on Inputs from the Committee Meeting on 7 December 2023.
                     • Integrated Unit Work Plan for 2024
                                                                                                             100%
                                                                                                                     Key Performance Indicators Achievement of
                     • Highlights of the Consolidated Risk-Based Bank Rating (RBBR) for Semester II, 2023            Integrated Governance Committee
2      27 June 2024    • Follow-Up on Inputs from the Committee Meeting on 21 March 2024                     94%
                                                                                                                     The achievement of the Integrated Governance                   process for the proposals submitted by the
                       • Strategy for Financial Conglomerate Members/Mandiri Group in 2024
                                                                                                                     Committee’s Key Performance Indicators (KPIs)                  Board of Directors. On communication, good
3      18 July 2024    • Follow-Up on Inputs from the Committee Meeting on 27 June 2024                      100%    in 2024 is demonstrated through the successful                 and consistent engagement were maintained in
                       • Implementation of Stress Testing for Mandiri Group
                                                                                                                     implementation of its work plan, the quality and               2024, including discussions on key governance
4      15 August       • Follow-Up on Inputs from the Committee Meeting on 18 July 2024                      100%    relevance of the recommendations provided,                     issues at Bank Mandiri, and closely tracking the
       2024            • Update on Cyber Resilience of Mandiri Group                                                 and the effectiveness of the communication                     progress of follow-up actions implemented by the
                       • Implementation of Environmental, Social, and Governance (ESG) in Mandiri Group
                                                                                                                     established with the Board of Commissioners,                   Board of Directors. This approach helped ensure
5      18 December     • Follow-Up on Inputs from the Committee Meeting on 15 August 2024                    80%     the Board of Directors, and the Heads of related               effective oversight and alignment with the Bank’s
       2024            • Developments in the Insurance and Multifinance Industries
                                                                                                                     Work Units.                                                    strategic objectives.
                       • Implementation of Anti-Money Laundering (AML), Counter-Terrorism Financing
                         (CTF), and Counter-Proliferation Financing (CPF) Programs in Mandiri Group
                                                                                                                     Overall, the Committee has executed its work
                                                                                                                     programs according to 2024 Work Plan of the
                                                                                                                     Integrated Governance Committee. Moreover,
                                                                                                                     every recommendation issued by the Committee
                                                                                                                     was endorsed by the Board of Commissioners
                                                                                                                     and was considered in the decision-making



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Remuneration of Integrated Governance Committee                                                               REPLACEMENT PROCEDURES OF COMMITTEES UNDER
                                                                                                              THE BOARD OF COMMISSIONERS
The remuneration of the Integrated Governance Committee of the Non-Commissioner Independent party
is regulated in the Decree of the Board of Commissioners No. KEP.KOM/003/2023 dated 13 September              The following chart illustrates the procedures for replacing Committee members under the Board of
2023 on the Remuneration of Supporting Organs of the Board of Commissioners of PT Bank Mandiri                Commissioners from Independent Parties.
(Persero) Tbk and regulated in the Letter of Assignment of a member of the Committee under the Board
of Commissioners issued by Bank Mandiri.



 No.                Description                       Non-Commissioner Committee Members
1.     Salary/Honorarium               At most 20% of President Director’s Salary
                                                                                                                              Open Recruitment                        Interview with Board
2.     Post-Employment                 Not provided
       Compensation
                                                                                                                               at Bank Mandiri                          of Commissioner
                                                                                                                                   Website
3.     Holiday Allowance               In accordance with Bank Mandiri employee stipulation

4.     Bonus/Tantiem                   Not provided

5.     Facilities

       - Transportation Allowance      Not provided

       - Health                        Provided as per the Bank’s Internal rules

       - Employment                    Provided as per the Bank’s Internal rules                                                  Board of
       - Business Trips                In accordance with Bank Mandiri employee stipulation/equivalent to                      Commissioners                              Negotiation
                                       Group Head                                                                             meeting to discuss
                                                                                                                             Committee Member
Integrated Governance Committee                           3. Evaluated the adequacy of the implementation                       candidates
Activities Report in 2024                                    of integrated internal control, integrated
                                                             compliance, and integrated risk management,
The Integrated Governance Committee has                      as well as providing recommendations of future
effectively fulfilled its duties and responsibilities        improvements.
as outlined in the Committee Charter. In doing so,
the Committee consistently upheld the principles          2025 Work Plans of the Integrated
of independence in accordance with applicable             Governance Committee                                                 Determination
regulations, ensuring that its oversight was free                                                                              of Committee                             Determination
from any conflicts of interest. The activities of the     At the end of 2024, the Integrated Governance                         members by                              by the Board of
Committee were also aligned with the 2024 work            Committee has prepared the 2025 work plans                            the Board of                               Directors
plan, which was formally approved by the Board            and has obtained the approval of the Board of                        Commissioners
of Commissioners.                                         Commissioners. The Committee 2025 work plans
                                                          are divided into 2 (two) activities, which are
The following are the activities of the Committee         Mandatory/Regular and Non-Regular, as follows:
in 2024:                                                  1. Regular, which includes the review of Duties
1. Held 4 (four) meetings, including to develop               Implementation Reports of Integrated
    Meeting Minutes.                                          Governance Committee Unit, Integrated Risk
2. Held 9 (nine) internal discussions and discussions         Management Unit, and Integrated Internal
    with related Units.                                       Audit Unit.
                                                          2. Non-Regular, which includes matters of
                                                              concern and focus of the Integrated
                                                              Governance Committee as well as the Board
                                                              of Commissioners related to Mandiri Group.

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DIVERSITY POLICY OF THE BOARD                                                                                                           DIVERSITY POLICY OF THE BOARD OF COMMISSIONERS AND DIRECTORS

OF COMMISSIONERS AND
DIRECTORS
                                                                                                                Diversity of the Board of Commissioners Composition
                                                                                                                                                                         Education       Professional
                                                                                                                   Name           Position      Age      Gender                                                     Skills
                                                                                                                                                                        Background       Background

Bank Mandiri’s diversity policy for the Board of Commissioners                                                  M. Chatib
                                                                                                                Basri
                                                                                                                             President
                                                                                                                             Commissioner/
                                                                                                                                              57 Years
                                                                                                                                              old
                                                                                                                                                         Male         • Ph.D. in
                                                                                                                                                                        Economics.
                                                                                                                                                                                         Professional
                                                                                                                                                                                         background
                                                                                                                                                                                                        Macroeconomic,
                                                                                                                                                                                                        Finance
and the Board of Directors focuses on a comprehensive                                                                        Independent                              • Master of        in finance and
                                                                                                                                                                        Business         corporate
combination of age, educational background, and professional                                                                                                            Administration   oversight.
experience. This approach ensures a variety of perspectives,                                                                                                            in Economic
                                                                                                                                                                        Development.
skills, and insights that are essential for effective governance.                                                                                                     • Bachelor of
                                                                                                                                                                        Economics.

                                                                                                                Zainudin     Vice President   62 Years   Male         • Bachelor in      Work               Finance, Public
                                                                                                                Amali        Commissioner/    old                       Economics        experiences        Policy.
                                                                                                                             Independent                                (Accounting)     including in
                                                                                                                                                                      • Magister in      Company
                                                                                                                                                                        Public Policy    Supervision
                                                                                                                                                                      • Doctorate in
                                                                                                                                                                        Government
                                                                                                                                                                        Science
                                                                                                                                                                      • Honorary
Policies on Diversity of the                             background, professional experience, integrity,                                                                Professor in
Board of Commissioners                                   dedication, and a strong understanding of the
                                                                                                                                                                        Sports Policy

                                                         Company’s management issues. Moreover, the
The Bank Mandiri’s Articles of Association regulated     candidates shall have the necessary knowledge          Loeke        Independent      63 Years   Female       • Bachelor of      Professional       Legal
                                                                                                                Larasati     Commissioner     old                       Law              background
the diversity of the Board of Commissioners in           and expertise relevant to Bank Mandiri’s needs         Agoestina                                             • Master of        in legal affairs
accordance with the Attachment to SEOJK No. 32/          and being able to dedicate sufficient time to                                                                  Management       and banking.
SEOJK.04/2015 on Public Companies’ Governance            perform duties effectively, in compliance with
                                                                                                                Muliadi      Independent      64 Years   Male         • Bachelor of      Professional  Banking,
Guideline and SEOJK No. 13/SEOJK.03/2017                 prevailing laws and regulations. Currently, the        Rahardja     Commissioner     old                       Accounting       background    Accounting
concerning Implementation of Governance for              composition of the Board of Commissioners meets                                                              • Master of        in banking
                                                                                                                                                                        Business         and corporate
Commercial Banks.                                        these criteria, encompassing diverse age groups,
                                                                                                                                                                        Administration   oversight
                                                         gender representation, educational qualifications,                                                             in Finance
The selection and appointment process for                and relevant experience.
                                                                                                                Heru         Independent      68 Years   Male         • Bachelor of      Work               Banking, Finance,
the Board of Commissioners considers a range                                                                    Kristiyana   Commissioner     old                       Law              experiences        Legal
of criteria, including age, gender, educational          In 2024, the diversity of the Board of Commissioners                                                         • Magister in      including
                                                         is evident in its composition, showcasing a                                                                    Management       in Banking
                                                                                                                                                                                         Supervision
                                                         balanced mix of educational backgrounds, work
                                                         experience, age, and gender, as illustrated in the
                                                         table below:




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                                                        Education        Professional                       Board of Directors Diversity Policy                      SEOJK No. 13/SEOJK.03/2017 have been integrated
   Name              Position      Age      Gender                                             Skills
                                                       Background        Background                                                                                  into the Company’s Articles of Association. The
Rionald        Commissioner      56 Years   Male     • Bachelor of       Professional   Human Capital,
                                                                                                            The Financial Services Authority (OJK)                   appointment of the Board of Directors takes
Silaban                          old                   Law               background     Finance, Legal      recommendations, as outlined in the Attachment           into account integrity, dedication, a thorough
                                                     • Master of Law     in finance                         of SEOJK No. 32/SEOJK.04/2015 on Governance              understanding of Company management issues,
                                                       Center            and human
                                                                                                            Guidelines for Public Companies and SEOJK No.            knowledge or skills relevant to the Company’s
                                                                         capital.
                                                                                                            13/SEOJK.03/2017 on Governance for Commercial            needs, and the capacity to dedicate sufficient
Arif           Commissioner      54 Years   Male     • Bachelor of      Professional  Finance               Banks, emphasize that the composition of the             time to fulfill their duties. These criteria align with
Budimanta                        old                   Geology          background in
                                                     • Master of        banking.                            Board of Directors should reflect diversity. The         prevailing laws and regulations.
                                                       Science                                              diversity of the Board of Directors is defined as a
                                                       in Natural                                           mix of characteristics, both at the organizational       While the diversity policy focuses on knowledge
                                                       Resources
                                                       Economics                                            and individual levels, tailored to meet the needs        and expertise according to the scope of the
                                                     • Doctor of Social                                     of a Public Company. This diverse composition is         Board of Directors’ duties, Bank Mandiri has not
                                                       and Political                                        achieved by considering expertise, knowledge,            yet established formal diversity policies related to
                                                       Science
                                                                                                            and experience that align with the specific roles        age and gender, as the primary consideration is
Faried         Commissioner      58 Years   Male     • Bachelor of       Professional  Legal                and responsibilities of each Board member,               fulfilling the specific needs of the Company.
Utomo                            old                   Law               background in
                                                                                                            ensuring the effective pursuit of the Company’s
                                                     • Master of Law     government.
                                                                                                            objectives.                                              In 2024, the composition of the Board of
Muhammad Commissioner            58 Years   Male     • Diploma 3 in      Professional   Accounting, Audit                                                            Directors reflects diversity in terms of educational
Yusuf Ateh                       old                   Accounting        background
                                                     • Diploma 4 in      in legal                           The consideration of diverse characteristics is          background, work experience, age, and gender,
                                                       Accounting        affairs and                        applied during the nomination and appointment            as detailed in the table below:
                                                     • Master of         supervision.                       process, whether for individual members or the
                                                       Business
                                                       Administration                                       Board as a whole. The diversity requirements
                                                       (MBA)                                                specified in SEOJK No. 32/SEOJK.04/2015 and
                                                     • Doctor of State
                                                       Administrative

Tedi Bharata Commissioner        41 Years   Male     • Master of Public Professional  Human Resources,
                                 old                   Administration   background in Information           Board of Directors Composition Diversity
                                                     • Bachelor         government.   Technology,
                                                       Degree in                      Banking                                                                                              Work
                                                       Computer                                                Name          Position      Age    Gender            Education                                  Skills
                                                                                                                                                                                        Experience
                                                       Science and
                                                       Information                                          Darmawan     President        58     Male       Bachelor of Law            Professional     Treasury &
                                                       Management                                           Junaidi      Director         year                                         background       International
                                                       System                                                                             old                                          in banking,      Banking, Risk
                                                                                                                                                                                       finance and      Management,
                                                                                                                                                                                       mining.          Funding &
                                                                                                                                                                                                        Lending, Finance,
                                                                                                                                                                                                        Special Asset
                                                                                                                                                                                                        Management,
                                                                                                                                                                                                        Credit Recovery,
                                                                                                                                                                                                        Legal

                                                                                                            Alexandra    Vice President   52     Female     • Bachelor or Economy.     Professional     Corporate
                                                                                                            Askandar     Director         year              • Master of Business       background       Banking,
                                                                                                                                          old                 Administration (MBA)     in banking,      Special Assets
                                                                                                                                                              in Finance               finance and      Management,
                                                                                                                                                                                       securities.      Structured
                                                                                                                                                                                                        Finance,
                                                                                                                                                                                                        Government &
                                                                                                                                                                                                        Institutional.




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                                                                               Work                                                                                                            Work
   Name           Position      Age    Gender          Education                                  Skills           Name         Position        Age     Gender           Education                                 Skills
                                                                            Experience                                                                                                      Experience
Agus Dwi       Director of      54     Male     • Bachelor of              Professional     Human Capital,      Sigit        Director of        53     Male      • Bachelor of             Professional      Treasury Dealer,
Handaya        Compliance       year              Accounting               background       Finance, Strategy   Prastowo     Finance and        year               Geography/Area          background        Risk Management,
               and HR           old             • Master of Business       in banking,      and Performance                  Strategies         old                Planning                in banking,       Kredit Analyst,
                                                  Administration (MBA)     human                                                                                 • Master of               finance, and      Budgeting,
                                                  in Strategy & Finance    resources and                                                                           Management              corporate         and Finance.
                                                                           economy.                                                                                                        oversight.

Riduan         Director of      54     Male     • Bachelor of Economy      Professional     Accounting,         Timothy      Director of        59     Male      Bachelor of Business      Professional      Banking
               Corporate        year              Accounting               background       Finance, Audit,     Utama        Information        year             Administration in         background        operation,
               Banking          old             • Master of                in audit,        Banking and Risk                 Technology         old              accounting and finance    in banking,       treasury,
                                                  Management               banking,         Management.                                                                                    treasury, trade   trade service
                                                                           insurance, and                                                                                                  service and       and information
                                                                           economy.                                                                                                        technology        technology
                                                                                                                                                                                           and
Aquarius       Director of      57     Male     Bachelor in Social and     Professional     Corporate &                                                                                    information
Rudianto       Network and      year            Political Science          background in    Commercial                                                                                     system
               Retail Banking   old                                        conventional     Credit, Retail
                                                                           banking,         Credit Risk         Eka Fitria   Director of        46     Female    • Bachelor of Law         Professional      Treasury, Human
                                                                           syaria           Management,                      Treasury and       year             • Master of Business      background        Capital
                                                                           banking,         Commercial                       International      old                Administration          in banking,
                                                                           capital          Credit Risk                      Banking                                                       treasury,
                                                                           market, risk     Management,                                                                                    human
                                                                           management,      Commercial                                                                                     resources
                                                                           and economy.     Banking, and
                                                                                            Commercial          Danis        Director of Risk   56     Male      Bachelor of Agriculture   Professional    Risk Management,
                                                                                            Sales.              Subyantoro   Management         year                                       background      Internal Audit
                                                                                                                                                old                                        in Risk
Toni E. B.     Director of      60     Male     Bachelor of Agricultural   Professional     Credit Recovery,                                                                               Management,
Subari         Operations       year            Industry Technology        background in    Corporate                                                                                      Internal Audit,
                                old                                        conventional     Banking, Business                                                                              Wholesale Risk,
                                                                           banking,         Banking, and                                                                                   Corporate Risk
                                                                           syaria           Special
                                                                           banking,         Asset               Totok      Director of          50     Male      Bachelor of Civil         Professional      Banking
                                                                           capital          Management.         Priyambodo Commercial           year             Engineering               background        operation,
                                                                           market, risk                                    Banking              old                                        in Commercial     Commercial
                                                                           management,                                                                                                     Banking           Banking
                                                                           and economy.

Rohan          Director of      63     Male     Bachelor of Economy        Professional     Brain Mapping,
Hafas          Institutional    year                                       background       Risk Managment,
               Relations        old                                        in banking,      Marketing,
                                                                           consultant,      Corporate
                                                                           corporate        Relation,
                                                                           secretary,       and Corporate
                                                                           institutional    Secretary.
                                                                           relations,
                                                                           and public
                                                                           relations.




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GOVERNANCE IN PROVIDING                                                                                                                                              GOVERNANCE IN PROVIDING REMUNERATIONS

REMUNERATIONS

                                                                                                                No. PER-2/MBU/03/2023 concerning Guidelines               a. This policy applies to officials classified as
                                                                                                                for Governance and Significant Corporate                     MRT, with the following criteria:
                                                                                                                Activities of State-Owned Enterprises.                    b. Causing financial or non-financial losses
                                                                                                             3. POJK 17 of 2023 concerning the Implementation                to the Bank.
Bank Mandiri has adopted a remuneration governance policy                                                       of Governance for Commercial Banks                        c. Engaging in fraud, violating laws, unethical
in accordance with OJK Regulation No. 45/POJK.03/2015 on                                                     4. OJK Regulation No.45/ POJK.03/2015 on the                    behavior, and/or falsifying records.
                                                                                                                Implementation of Governance in Providing                 d. Deliberately violating the Bank’s policies,
Governance in Remuneration Practices for Commercial Banks.                                                      Remuneration for Commercial Banks.                           regulations, and procedures.
The remuneration framework encompasses rewards provided                                                      5. The Company’s Articles of Association                     e. Causing a significant negative impact on
to the Board of Commissioners, the Board of Directors, and all                                                                                                               the Bank’s capital not attributed to changes
                                                                                                             Pursuant to OJK Regulation No. 45/POJK.03/2015                  in economic or industry conditions.
employees, both permanent and non-permanent, in the form                                                     on the Implementation of Governance in the
of cash or non-cash compensation. This policy is designed to                                                 Provision of Remuneration for Commercial Banks,           4. In the implementation of MRT remuneration,
align with the scope of their duties, authority, and responsibilities.                                       Bank Mandiri has applied governance principles               Bank Mandiri adheres to OJK regulations, the
                                                                                                             in remuneration practices, taking into account               Ministry of SOEs regulations, and the Company’s
The governance of remuneration is implemented with the aim                                                   various aspects, including the Bank’s financial              remuneration policies.
of promoting prudent risk-taking, ultimately supporting the long-                                            stability, effective risk management, short-term
term sustainability of the Bank›s business operations.                                                       and long-term liquidity needs, as well as potential       Remuneration and
                                                                                                             future revenue.                                           Nomination Committee

                                                                                                             1. The Company may defer variable remuneration            The Board of Commissioners has established the
                                                                                                                (Malus) or reclaim paid variable remuneration          Remuneration and Nomination Committee to
                                                                                                                (Clawback) from executives classified as               support its functions in overseeing matters related
                                                                                                                Material Risk Takers (MRT), based on the               to the remuneration and nomination of the Board
Remuneration Policy for the                              The determination of remuneration for the Board        following conditions:                                  of Directors and the Board of Commissioners.
Board of Commissioners and                               of Commissioners refers to:                            a. The Company applies Malus and/or                    One of the key duties of the Committee is to
the Board of Directors                                   1. SOE Minister Regulation No. PER-04/MBU/2014             Clawback in specific circumstances related         develop a comprehensive remuneration system
                                                            regarding Guidelines for Deter mining                   to variable remuneration, considering              for the Board of Commissioners and the Board of
In determining the remuneration for the Board of            the Remuneration of Directors, Board of                 factors such as:                                   Directors. This system forms an integral part of the
Commissioners and the Board of Directors, Bank              Commissioners, and Supervisory Board of State-      b. The extent of financial or non-financial losses     Bank’s corporate governance policy guidelines
Mandiri adheres to the principle of prudence                Owned Enterprises as amended by the SOE                 incurred by the Company.                           and serves as a reference for both the Board
and complies with applicable legal regulations.             Minister Regulation No. PER-13/MBU/09/2021                                                                 of Commissioners and the GMS in determining
The Bank has established a good governance                  dated 24 September 2021, and lastly amended      2. The employee’s direct or indirect involvement          appropriate remuneration for members of the
framework for remuneration practices, ensuring              by the SOE Minister Regulation No. PER-3/           in the losses incurred.                                Board of Commissioners and/or the Board of
that the compensation provided aligns with                  MBU/03/2023 concerning the Organization and                                                                Directors.
regulatory requirements and industry standards.             Human Resources of State-Owned Enterprises.      3. A portion of the variable remuneration must be
This approach is designed to foster prudent risk-        2. SOE Minister Regulation No. PER-01/                 deferred, with the percentage determined by            The elaboration on the Remuneration and
taking, thereby supporting the Bank’s sustainability        MBU/2011 regarding the Implementation               the Company, subject to the following criteria:        Nomination Committee is presented in the
and stability.                                              of Good Corporate Governance in State-                                                                     Remuneration and Nomination Committee section
                                                            Owned Enterprises as amended by the SOE                                                                    of the Corporate Governance Chapter in this
Bank Mandiri is committed to implement                      Minister Regulation No. PER-09/MBU/2012                                                                    Annual Report.
governance in providing remuneration by                     concerning Amendments to the SOE Minister
formulating policies that have been authorized              Regulation No. PER-01/MBU/2011 regarding
under the Joint Decree of the Board of                      the Implementation of Good Corporate
Commissioners and Board of Directors on                     Governance in State-Owned Enterprises, and
Remuneration Policy of PT Bank Mandiri (Persero)            lastly amended by the SOE Minister Regulation
Tbk dated 20 March 2018.




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                                                                                                             optimal performance, thereby supporting the                Remuneration Associated with Risks
                                                                                                             Bank’s vision, mission, and strategic goals.
                              Board of                                    GMS
                            Commissioners
                                                                                                                                                                        When setting remuneration, Bank Mandiri upholds
    Remuneration                                   Series A                                    FSA
       and                                        Dwiwarma
                                                                                                             The current remuneration policy outlines the               the principles of prudence, aimed at promoting
     Nomination                                  Shareholders                                                compensation framework for the Board of                    prudent risk-taking to maintain the sustainability
     Committee                                                                                               Commissioners and the Board of Directors, and              of the Bank’s business. The Bank establishes
                                                                                                             it will also be extended to employees at specific          a performance measurement method and
                                                                                                             levels who are identified as Material Risk Takers          considers various types of risks when determining
                                                                                                             (MRT). The identification of Material Risk Takers is       variable remuneration, tailored to the scale and
                                                                                                             conducted using both qualitative and quantitative          complexity of its business activities. In formulating
                        • Reviewing the       • Evaluation of        Appoinment         • Conduct fit and    criteria.                                                  the remuneration policy, Bank Mandiri takes into
  Prepare and             Proposal of the       the Fullfilment of   and Succession       Proper Test
  propose
                                                                                                                                                                        account the types, criteria, impacts, and evolving
                          Remuneration          Requirements of      of Directors       • Approval of
  Recommendations         and Nomination        Candidates for                            the Company’s      In determining the remuneration for employees,             risk factors that are critical in shaping the overall
  for Board               Committee             Members of the                            Management         Executives, Directors and Commissioners, the               remuneration strategy.
  of Directors          • Proposing Board       Board of Directors                        Candidate
  Succession
                                                                                                             Remuneration and Nomination Committee has
                          of Directors        • Approval of
                          Succession to         Board of Directors                                           several considerations, including:                         Performance Measurement
                          Series A Dwiwarma     Succession                                                   1. Benchmarking results of employee remuneration,          Related to Remuneration
                          Shareholders                                                                           executives, members of the Board of Directors
                                                                                                                 and members of the Board of Commissioners              In providing remuneration, Bank Mandiri conducts
                                                                                                                 with similar industries (peer group).                  a comprehensive performance measurement,
The determination of remuneration for the Board          Indicators/Coverage of                              2. The size and complexity of the firm’s operations.       which includes a review of remuneration policies
of Commissioners and Directors is carried out with       Remuneration Policy and                             3. Remuneration consists of standardized salaries/         on performance assessments. This process involves
the following procedures:                                Its Implementation                                      honorariums and benefits, namely Annual                evaluating the methods used to align individual
1. The Remuneration and Nomination Committee                                                                     Holiday Allowances (THR), official housing,            remuneration with the overall performance of
   holds a review on remuneration for the Board          Pursuant to OJK Regulation No. 45/POJK.03/2015          official vehicles, health facilities and utilities     Bank Mandiri, the performance of specific work
   of Commissioners and Directors.                       on the Implementation of Governance in Providing        and other benefits. Meanwhile, performance-            units, and individual achievements. Bank Mandiri
2. The Committee coordinates with Human                  Remuneration for Commercial Banks, Bank Mandiri         based remuneration is a bonus/incentive for            also utilizes specific methods to verify whether the
   Capital Director and Executives as well as            has established a Remuneration Policy, which was        employees and bonuses for the Board of                 agreed-upon key performance indicators (KPIs)
   related unit to develop the remuneration              approved through a Joint Decree of the Board            Directors and the Board of Commissioners.              have been met. If performance targets are not
   proposal.                                             of Commissioners and the Board of Directors on                                                                 achieved, adjustments to the remuneration may
3. The Committee coordinates with the Risk               20 March 2018. The remuneration policy serves       In general, Bank Mandiri’s remuneration strategy           be necessary, including revisiting the amount of
   Management Unit in establishing policies on           as a strategic framework to provide rewards         is guided by the Manpower Law and Financial                the variable remuneration based on the relevant
   variable remuneration.                                tailored to the Bank’s financial capacity while     Services Authority Regulations. The total reward           condition.
4. Based on the review, the Committee draws              accommodating shifts in employee demographics       strategy for the long term is that the Bank has
   up recommendation on remuneration for                 and effectively managing labor costs. The policy    a strong competitive value against the market,             The implementation of the remuneration strategy at
   submission to the Board of Commissioners and          is designed to support the achievement of Bank      namely:                                                    Bank Mandiri takes into account the performance
   Directors.                                            Mandiri’s business objectives.                      1. Strive for the general position of the Bank at          of individual employees, the performance of
5. The Board of Commissioners presents the                                                                       75 (seventy five) percentiles.                         each work unit, and the overall performance of
   proposal and recommendation reviewed by               The remuneration structure of Bank Mandiri is       2. Especially for top talent and critical jobs, it can     the Bank, while remaining within the stipulated
   the Remuneration and Nomination Committee             developed with the aim of attracting, retaining,        be positioned up to 90 (ninety) percentiles.           budget. As part of its total rewards program, Bank
   to the General Meeting of Shareholders to             and motivating talent, as well as enhancing                                                                    Mandiri provides a range of benefits, including
   obtain approval.                                      employee engagement. This approach ensures                                                                     base salaries, annual salary adjustments, holiday
6. The proposal and recommendation of the                that employees are consistently driven to deliver                                                              allowances (THR), annual leave payments,
   Board of Commissioners may be in the form of:                                                                                                                        and long-service leave pay every three years.
   a. Approval on the element and amount of
        the remuneration; or
   b. Approval of authority for the Board of
        Commissioners to determine the element
        and amount of the remuneration.

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Moreover, Bank Mandiri provides health benefits for      designed to attract, retain, and motivate talent,        employment benefit Salary/ honorarium, facilities, allowances, and post-employment benefit are
employees and their families, covering inpatient         while also enhancing employee commitment.                provided in cash.
and outpatient care, maternity care, dental care,        This approach aims to ensure that employees           2. Variable remuneration: Remunerations provided in connection with performance and risks, such as
General Check Up, eyewear allowances, and a              consistently deliver optimal performance, thereby        bonuses, rewards/ performance incentives, or any other similar forms.
health program for Bank Mandiri retirees.                supporting the vision, mission, and strategic goals
                                                         of Bank Mandiri.                                      Bonuses, rewards, and incentives may be provided in cash, shares, or stock-based instruments issued
Remuneration Adjustment Related                                                                                by the Company, and cash only for the Board of Commissioners to prevent conflict of interest in their
to Performance and Risk                                  Bank Mandiri’s considerations when preparing the      supervisory duties.
                                                         remuneration policy:
Bank Mandiri provides variable remuneration tied         1. Financial performance and reserve fulfilment       The structure for determining the remuneration for the Board of Commissioners and the Board of Directors
to performance and risk, which includes bonuses,            as stipulated in the applicable laws and           is as follows:
rewards, performance incentives, or other                   regulations.
equivalent forms. These variable remuneration            2. Remuneration that is adapted to the industry       Board of Commissioners and Directors Remuneration Structure
components may be provided in the form of                   in accordance with the Company’s business                                                                                 Rules
cash, shares, or share-based instruments issued             activities and the scale of the company’s          No.    Types of Income
by Bank Mandiri. However, in the case of the                business in the industry.                                                            Board of Commissioners                              Board of Directors
Board of Commissioners, variable remuneration            3. The duties, responsibilities and authorities       1.    Honorarium/Gaji      The amount of position factor                  The amount of position factor
is granted exclusively in cash to prevent any               of members of the Board of Directors and                                      • President Commissioner 45% of the            • Vice President Director 90% of
                                                                                                                                             President Director                             Managing Directors
potential conflicts of interest during the execution        members of the Board of Commissioners
                                                                                                                                          • Vice President Commissioner 42.5% of         • Other Directors Members 85% of the
of their supervisory duties.                                related to the achievement of the Company’s                                      the President Director                         President Commissioners
                                                            goals and performance.                                                        • Commissioners 90% of the President
External Consultant Services                             4. Target or performance of each member of                                          Commissioner

                                                            the Board of Directors and/or members of the       2.    Allowances
To assess the competitiveness of the Bank’s                 Board of Commissioners in order to achieve
                                                                                                                     Religious Holiday    1 (one) time honorarium                        1 (one) time honorarium
remuneration relative to market conditions, Bank            equality between the work results and the                Allowance
Mandiri participates in the Annual Salary Survey            benefits received.
                                                                                                                     Housing allowance    Not given                                      Housing allowance was given monthly
conducted by an independent and reputable                5. Balance between permanent and variable                                                                                       with a maximum of Rp27,500,000
third-party organization. The results serve as              benefits.
                                                                                                                     Transportation       Equal to 20% of the honorarium                 Not given
a key reference for adjusting Bank Mandiri’s             6. The Bank’s Long-term goals and Strategies
                                                                                                                     Allowance
remuneration strategy. The proposed adjustments
are then submitted for review and approval at the        REMUNERATION AND                                            Annual Leave         Not given                                      Not given
Board of Directors Meeting.                              FACILITIES FOR THE BOARD                                    Allowance

                                                         OF COMMISSIONERS                                            Retirement           Maximum insurance premium was 25% of           Insurance premium maximum was 25% of
Process for Preparation of                               AND DIRECTORS                                               Compensation         honorarium/ year                               salary/year

Remuneration Policy                                                                                            3.    Facilities
                                                         Remuneration Structure of                                   Service Vehicle      Given in the form of transportation            Given 1 (one) service vehicle in the form
The remuneration policy plays a crucial role in          Members of the Board of                                     Facilities           allowance of 20% of the honorarium             of rental according to the predetermined
attracting and retaining competent and qualified         Commissioners and Directors                                                                                                     criteria
employees, executives, members of the Board                                                                          Health Facilities    Replacement of treatment in                    Replacement of treatment in
of Directors, and the Board of Commissioners. It         By taking into account the prevailing remuneration                               accordance with the internal policy No.        accordance with the internal policy No.
forms a strategic approach for the Bank, providing       stipulations, the remuneration for the Board of                                  KEP.KOM/011/2024                               KEP.KOM/011/2024
rewards that align with Bank Mandiri’s financial         Commissioners and Board of Directors is provided            Professional Facilities Maximum 2 (two) memberships relevant        Maximum 2 (two) memberships relevant
capacity while adapting to changes in employee           in the form of:                                             Association             to the Company’s activities                 to the Company’s activities
demographics, effectively managing labor costs,          1. Fixed remuneration, a remuneration that                  Legal Assistance     Legal assistance facilities following the      Legal assistance facilities following the
and driving the achievement of the Bank’s business           is unrelated to performance and risk, such              Facilities           internal policy No. KEP.KOM/011/2024           internal policy No. KEP.KOM/011/2024
objectives.                                                  as salary/honorarium, facilities, housing
                                                                                                               4.    Bonuses, Rewards,    Can be given in the form of shares or          Can be given in the form of shares or
                                                             allowance, health allowance, education                  Incentives           cash.                                          cash.
                                                             allowance, festive allowance, and post-
The remuneration framework at Bank Mandiri is

PT BANK MANDIRI (PERSERO) TBK                          742                                                                                                           743                                          ANNUAL REPORT 2024
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GOVERNANCE IN PROVIDING REMUNERATIONS                                                                                                                                      GOVERNANCE IN PROVIDING REMUNERATIONS




Nominals of Every Component of the Remuneration Structure of                                                                     Name                                      Position                             Bonus Shares
the Board of Commissioners and the Board of Directors                                                               Loeke Larasati Agoestina     Independent Commissioner                                              Nil

Remuneration in one year is grouped into the range of income levels as follows.                                     Muliadi Rahardja             Independent Commissioner                                              Nil

                                                                                                                    Heru Kristiyana              Independent Commissioner                                              Nil
Board of Commissioners and Directors Total Remuneration Nominal
                                                                                                                    Rionald Silaban              Commissioner                                                   1,412,500 shares

                                                                                                                    Faried Utomo                 Commissioner                                                   1,412,500 shares
                                                                      Total Received
                                                                                                                    Arif Budimanta               Commissioner                                                   1,412,500 shares
    Total Remuneration and Other               Board of Commissioners                Board of Directors
              Facilities                                                                                            Muhammad Yusuf Ateh          Commissioner                                                   1,412,500 shares
                                               Total                              Total
                                                           Total in Rp Million                Total in Rp Million   Tedi Bharata                 Commissioner                                                          Nil
                                              Person                             Person
Remunerations                                                                                                       Board of Directors

Salaries                                      10 Persons                66,418   12 Persons               164,807   Darmawan Junaidi             President Director                                             3,487,800 shares

Housing Allowances                                     -                     -   12 Persons                 5,264   Alexandra Askandar           Vice President Director                                        3,139,100 shares

Tantiem                                       10 Persons               334,843   12 Persons               784,493   Agus Dwi Handaya             Director of Compliance and HR                                  2,964,700 shares

Other Facilities                                                                                                    Riduan                       Director of Corporate Banking                                  2,964,700 shares

Housing (natura)                                       -                     -            -                     -   Aquarius Rudianto            Director of Network & Retail Banking                           2,964,700 shares

Transportation (cash)                         10 Persons                 5,998            -                     -   Toni E. B. Subari            Director of Operations                                         2,964,700 shares

Full-service Insurance (cash)                 10 Persons                 5,766   12 Persons                10,440   Rohan Hafas                  Director of Institutional Relations                            2,964,700 shares

Health (cash)                                 10 Persons                 1,603   12 Persons                 3,511   Sigit Prastowo               Director of Finance & Strategies                               2,964,700 shares

Remuneration Amount per person in 1 year                                                                            Timothy Utama                Director of Information Technology                             2,964,700 shares

Above Rp2 billion                             10 Persons                     -   12 Persons                     -   Eka Fitria                   Director of Treasury & International Banking                   1,002,500 shares

Above Rp1 billion to Rp2 billion                       -                     -            -                     -   Danis Subyantoro             Director of Risk Management                                           Nil

Above Rp500 million to Rp1 billion                     -                     -            -                     -   Totok Priyambodo             Director of Commercial Banking                                        Nil

Rp500 million and below                                -                     -            -                     -
                                                                                                                    Variable Remuneration to Directors, Board of Commissioners and Employees

The basis for the stock bonus:                                                                                      The number of Directors, Commissioners and Employees who received variable remuneration for 1 (one)
To fulfill POJK No. 45/POJK.03/2015 concerning Implementation of Good Corporate Governance in                       year and total nominal are as follows.
Providing Remuneration for Commercial Banks.
                                                                                                                                                                                       Amount received in 1 (one) Year
              Name                                     Position                               Bonus Shares
                                                                                                                                 Variable Remunerations                       Board of Directors        Board of Commissioners
Board of Commissioners
                                                                                                                                                                           Persons         Rp Million    Persons        Rp Million
M. Chatib Basri                    President Commissioner/Independent                               Nil
                                                                                                                    Total                                                     12            333,737        10                135,759
Zainudin Amali                     Vice President Commissioner/Independent                          Nil




PT BANK MANDIRI (PERSERO) TBK                              744                                                                                                          745                                        ANNUAL REPORT 2024
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GOVERNANCE IN PROVIDING REMUNERATIONS                                                                                                                                      GOVERNANCE IN PROVIDING REMUNERATIONS




                                                                                                                     Quantitative Information

Variable Remuneration                                       Ratio of the Highest and                                 Quantitative information regarding:
                                                            The Lowest Salaries                                      1. Total remaining deferred Remuneration, whether exposed to implicit or explicit adjustments.
In addition, the Bank provides variable                                                                              2. Total reduction in remuneration due to explicit adjustments during the reporting period.
compensation including location allowances,                 Bank Mandiri adheres to all applicable regulations       3. Total reduction in remuneration due to implicit adjustments during the reporting period.
certain position allowances, per formance                   regarding employee remuneration. The amount
allowances for frontliners, overtime compensation,          of remuneration provided is adjusted to comply           As in the following table:
per formance achievement bonuses, sales                     with current prevailing regulations and is set above
incentives, retention programs and the Long-                the Minimum Wage level applicable in the Bank                                                                                Total Deductions Over the Period
Term Incentive program in the form of shares.               Mandiri operational areas. In implementing its
Specifically for members of the Independent Board           remuneration governance, Bank Mandiri aims to               Types of Variable Remuneration           Remaining Deferred       Caused         Caused      Total
of Commissioners get remuneration in cash in                minimize the salary gap among all employees,                                                                                 an Explicit    an Explicit  (A) +
                                                                                                                                                                                       Adjustment (A) Adjustment (B)  (B)
accordance with the provisions of OJK Regulation            ensuring that the difference between the highest
No. 45/POJK.03/2015.                                        and lowest salaries remains reasonable. Detailed         Cash (in million rupiah)                      Rp71,677,416,064          -               -           -
                                                            information on the salary ratio is disclosed in the
                                                                                                                     Shares/share-based instruments issued by      72,362,400 shares         -               -           -
To support official service, Bank Mandiri provides          Sustainability Report.                                   the Bank. (In shares and a million-rupiah
facilities such as official housing, reimbursement                                                                   nominal value which is a conversion of
of utility costs, telephone credit, and rental official     Number of Recipients and Total                           the said share sheet)

vehicles. Meanwhile, to support the needs of                Variable Remuneration
employees in ownership of houses, vehicles and
other needs, Bank Mandiri provides Employee                 During 2023, no number of recipients and the
Welfare Credit facilities.                                  total number of Variable Remunerations that were
                                                            guaranteed unconditionally to be given by Bank
Position and Numbers as                                     Mandiri to candidates for the Board of Directors,
Material Risk Takers                                        candidates for the Board of Commissioners, and/or
                                                            prospective employees during the first 1 (one) year
All members of the Board of Commissioners and               of work as referred to in Article 21 OJK Regulation
Directors of Bank Mandiri are material risk takers.         No. 45/POJK.03/2015
There are 26 (twenty-six) members of the Board
of Directors and the Board of Commissioners who             Total Amount of Deferred
served during the 2024 financial year. Including            Variable Remuneration
Directors and Commissioners whose term of office
ends at the 2024 Annual GMS.                                Until the end of 2024, the amount of variable
                                                            remuneration that was still deferred in the form
Shares Options                                              of Bank Mandiri shares or time deposits is as follows:
                                                            1. Shares, with a total of 72,362,400 shares.
Bank Mandiri did not issue share option programs            2. Cash, with a total of Rp71,677,416,064.
for Directors, Board of Commissioners, and
employees throughout 2024.




PT BANK MANDIRI (PERSERO) TBK                             746                                                                                                           747                                 ANNUAL REPORT 2024
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                                                                      In carrying out its duties, the Board of Directors        BOARD OF DIRECTORS
The Board of Directors is a corporate body that collectively holds    considers prudential banking principles,                  COMPOSITION
the authority and full responsibility for managing the Company        professional ethics, codes of conduct, national

in the best interest of the Company, aligning with its purposes       and international banking conventions, and
                                                                      compliance with Bank Indonesia regulations.
                                                                                                                                In 2024, the composition of the Board of Directors
                                                                                                                                was amended. Pursuant to the resolution of the
and objectives. The Board also represents the Company in legal        These align with the principles of good corporate         Annual GMS dated 7 March 2024, the Meeting
and non-legal matters, adhering to the provisions outlined in the     governance, statutory requirements, and Financial         approved the following:

articles of association as well as prevailing laws and regulations.   Services Authority regulations.
                                                                                                                                1. The transfer of Mr. Riduan to the position of
Moreover, the Board of Directors has the authority to guide the       The Board of Directors is committed to adhering              Director of Corporate Banking;
Company›s operations, take strategic measures, and establish          to the Company’s Articles of Association and              2. The honorable discharge of Ms. Susana Indah
policies deemed necessary to ensure operational efficiency and        prevailing laws while implementing principles                Kris Indriati;
                                                                      of professionalism, efficiency, transparency,             3. The appointment of Mr. Danis Subyantoro as
effectiveness.                                                        independence, accountability, responsibility,                Director of Risk Management;
                                                                      and propriety. Each member of the Board of                4. The confirmation of the honorable discharge
                                                                      Directors of Bank Mandiri carries out their duties           of Mr. Ahmad Siddik Badruddin; and
                                                                      with goodwill, accountability, and prudence in            5. The appointment of Mr. Totok Priyambodo as
                                                                      compliance with the relevant laws and regulations.           Director of Commercial Banking.

                                                                      APPOINTMENT BASIS                                         The composition of the Company’s Board of
                                                                                                                                Directors following the Annual GMS on 7 March
                                                                      The appointment of the Board of Directors is              2024 remained 12 (twelve) members consisting of
                                                                      conducted through the GMS in accordance                   1 (one) President Director, 1 (one) Vice President
                                                                      with the Company’s Articles of Association,               Director and 10 (ten) Directors.
                                                                      prevailing laws, and regulations. Candidates must
                                                                      meet the fit and proper requirements set by the           The composition and basis for appointment of
                                                                      Financial Services Authority (OJK), ensuring their        the Board of Directors as of 31 December 2024
                                                                      competence, integrity, and professionalism. The           is as follows.
                                                                      term of office is determined by the GMS and may
                                                                      be renewed based on shareholder approval.

                                                                      All members of Bank Mandiri Board of Directors
                                                                      have passed the fit and proper tests and have
                                                                      obtained approval from the OJK, indicating
                                                                      that each member of the Board of Directors has
                                                                      adequate integrity, competence and financial
                                                                      reputation in accordance with OJK Regulation No.
                                                                      27/POJK.03/2016 concerning Fit and Proper Test for
                                                                      the Main Party of Financial Services Institution that
                                                                      prospective members of the Board of Directors
                                                                      shall obtain the approval from the OJK prior to
                                                                      carrying out its actions, duties and functions as
                                                                      the Board of Directors.




PT BANK MANDIRI (PERSERO) TBK    748                                                                                      749                                   ANNUAL REPORT 2024
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BOARD OF DIRECTORS                                                                                                                                                                                                         BOARD OF DIRECTORS




Board of Directors Composition and Appointment Basis
                                                                                                                                              BOARD OF DIRECTORS DUTIES AND RESPONSIBILITIES
           Name                             Position                        Basis of Appointment          Effective Date    Period
Darmawan Junaidi                 President Director                  Period 1: EGMS 21 October 2020      23 December       2022-2027
                                                                     Period 2: AGMS 10 March 2022        2020

Alexandra Askandar               Vice President Director             Period 1: EGMS 21 October 2020      23 December       2023-2028   In accordance with the BOD Charter, the                    10. Carry out other duties and responsibilities
                                                                     Period 2: AGMS 14 March 2023        2020
                                                                                                                                       duties, obligations, and responsibilities of the               regulated in the Articles of Association, laws
Agus Dwi Handaya                 Director of Compliance              Period 1: AGMS 21 March 2018        12 September      2023-2028   Board of Directors are clearly defined to serve                and regulations, and stipulations of the General
                                 and HR                              Period 2: AGMS 14 March 2023        2018
                                                                                                                                       as a guiding framework of activities. This ensures             Meeting of Shareholders, Board of Director’s
Riduan*                          Director of Corporate               Period 1: EGMS 7 January 2019       15 Mei 2019       2023-2028   that the Bank’s operations align with applicable               Meetings and the Company regulations.
                                 Banking                             Period 2: AGMS 14 March 2023                                      laws, regulations, and governance principles
Aquarius Rudianto                Director of Network and             Period 1: AGMS 19 February 2020     2 September       2020-2025   while fostering accountability and operational             Rights and Authorities of
                                 Retail Banking                                                          2020                          efficiency. The following outlines the specific duties     the Board of Directors
Toni E. B. Subari                Director of Operations              Period 1: EGMS 21 October 2020      15 January 2021   2020-2025   and obligations of the Board of Directors as stated
                                                                                                                                       in the Charter.                                            The Board of Directors has the following rights and
Rohan Hafas                      Director of Institutional           Period 1: EGMS 21 October 2020      23 December       2020-2025
                                                                                                                                                                                                  authorities:
                                 Relations                                                               2020
                                                                                                                                       1. Perform and be responsible for the                      1. Take all actions and decision in managing
Sigit Prastowo                   Director of Finance and             Period 1: EGMS 21 October 2020      23 December       2020-2025      management of the Company for the interest                 the Company by observing the Company’s
                                 Strategies                                                              2020
                                                                                                                                          and in accordance with the purposes and                    Articles of Association, Laws and Regulations,
Timothy Utama                    Director of Information             Period 1: AGMS 15 March 2021        24 Mei 2021       2021-2026      objectives of the Company as stipulated in                 Company regulations and Good Corporate
                                 Technology
                                                                                                                                          Articles of Association and act as leaders in              Governance.
Eka Fitria                       Director of Treasury and            Period 1: AGMS 14 March 2023        21 August 2023    2023-2027      the management.                                         2. Establish the segregation of management
                                 International Banking                                                                                 2. Maintain and manage the Company’s assets.                  duties amongst the Directors, in the event that
Danis Subyantoro**               Director of Risk                    Period 1: AGMS 7 March 2024         30 August 2024    2024-2028   3. Represent the Board of Directors for and on                it is not decided by the General Meeting of
                                 Management                                                                                               behalf of the Company both inside and outside              Shareholders.
Totok Priyambodo**               Director of Commercial              Period 1: AGMS 7 March 2024         30 August 2024    2024-2028      the Court.                                              3. Direct and set the policies as well the Company
                                 Banking                                                                                               4. Arrange and define vision and mission, strategy            regulations to support the Company’s
 *) Transfer of duties to Director of Corporate Banking at the Annual GMS on March 7, 2024.                                               and the management policy of the Company.                  management/activities related to budget/
 **) Appointed as Director on the Annual GMS on March 7, 2024.
                                                                                                                                       5. Arrange, establish, supervise and evaluate the             financial of business activities risk management,
                                                                                                                                          implementation of the Company’s medium-                    operational, and human resources.
BOARD OF DIRECTORS CHARTER                                                                                                                and long-term Plans (Corporate Budget Work              4. Regulate the delegation of powers of the
                                                                                                                                          Plan, Business Plan Development, Sustainable               Board of Directors to represent the Company
In carrying out its responsibilities, the Board of                                   1. General Terms                                     Financial Action Plans and Human Resource                  inside and outside the Court to one or several
Directors assigns under a Charter (BOD Charter)                                      2. Organization, Management, Authority to Act,       Development Plans).                                        specific people as individuals or collectively
that serves as a comprehensive framework for its                                         Duties and Responsibilities                   6. Set the Company’s performance targets,                     and/or to another body.
Guidelines and Code of Conduct. This Charter was                                     3. Board of Directors Meetings                       conduct supervision and evaluation and                  5. Regulate provisions regarding employees
officially ratified through Board of Directors Decree                                4. Working Time and Ethics                           striving for the achievement of the Company’s              including the determination of salaries,
No. KEP.DIR/040/2023 on 23 October 2023, which                                       5. Committees                                        performance targets.                                       pensions, or day guarantees old and other
governs the Guidelines and Code of Conduct                                           6. Correspondences                                7. Arrange, implement and evaluate the                        income for the Company’s employees based
for the Board of Directors of PT Bank Mandiri Tbk.                                   7. Board of Directors Shareholding                   Company’s risk management strategies and                   on legislation.
The Charter provides detailed regulations and                                        8. Performance Assessment of the Board of            policies from the identification stage to risk          6. Appoint and dismiss employees based on
instructions aimed at ensuring professionalism,                                          Directors                                        monitoring.                                                labour and other laws and regulations.
accountability, and adherence to governance                                          9. Others                                         8. Establish the policies and implement Corporate          7. Appoint and dismiss the Corporate Secretary
principles, covering the following aspects:                                          10. Change                                           Governance principles and internal control.                and/or Head of Internal Audit Unit with the
                                                                                     11. Closing                                       9. Maintain the image of the Company and                      approval of the Board of Commissioners.
                                                                                                                                          establish relationships with all stakeholders.




PT BANK MANDIRI (PERSERO) TBK                                                   750                                                                                                         751                                    ANNUAL REPORT 2024
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8. Write off bad debts according to provisions in the Articles of Association which further shall be reported                        Name                          Position                                              Supervision
    to Board of Commissioners to be reported and accounted for in the Annual Report.
                                                                                                                            Timothy Utama              Director of Information               Information Technology (IT Infrastructure, IT Applications Support,
9. Not collecting interest receivables, fines, fees, and other receivables in the context of restructuring and/                                        Technology                            IT Digital Channel Delivery, IT Application Delivery), Digital
    or settlement of receivables as well as taking other actions to settle the Company’s receivables with                                                                                    Banking (Digital Wholesale Banking, Digital Retail Banking),
                                                                                                                                                                                             Enterprise Data Analytics, IT Strategy & Architecture, CISO Office
    the obligation to report to the Board of Commissioners with the reporting provisions and procedures
    determined by the Board of Commissioners.                                                                               Eka Fitria                 Director of Treasury and              International Banking & Financial Institution (Overseas Banking
10. Carry out all other actions regarding the management and ownership of the Company’s treasury,                                                      International Banking                 Network, Financial Institutions Business), Treasury, Transaction
                                                                                                                                                                                             Banking Wholesale, Strategic Procurement, Office of Chief
    binds the Company with other parties and/or vice versa, as well as representing the Company                                                                                              Economist
    inside and outside the Court about all matters and events, with restrictions stipulated in the laws and
                                                                                                                            Danis Subyantoro**         Director of Risk Management           Wholesale Risk (Corporate Risk, Commercial Risk), Market Risk,
    regulations, Articles of Association and/or the GMS decision.
                                                                                                                                                                                             Operational Risk, Credit Portofolio Risk, Policy & Procedure,
11. Determine the Organizational Structure and Company executives up to a certain level that is regulated                                                                                    Consumer Credit Risk & Analytics, SME & Micro Risk, Retail
    through the Decree of the Board of Directors with regard to provisions of the Articles of Association,                                                                                   Collection & Recovery, Data Protection & Fraud Risk
    laws and regulations and Company regulations.                                                                           Totok Priyambodo**         Director of Commercial                Commercial Banking, Commercial Solution
12. Delegating duties, responsibilities and authority to executives below the Directors to assist in managing                                          Banking
    the Company while taking into account the Articles of Association, laws, and Company regulations.                        *) Transfer of duties to Director of Corporate Banking at the Annual GMS on 7 March 2024.
13. Supervising every Company activity to be in accordance with its aims and objectives and Good                             **) Appointed as Director effective from the Annual GMS on 7 March 2024.

    Corporate Governance.
                                                                                                                            BOARD OF DIRECTORS TENURE                                              CRITERIA OF THE BOARD
Board of Directors Duties Segregations                                                                                                                                                             OF DIRECTORS
                                                                                                                            The term of office of the Board of Directors is as
In carrying out its duties, the Board of Directors’ duties are divided into the following:                                  follows:                                                               The candidates of the Board of Directors members
        Name                       Position                                      Supervision                                1. The Board of Directors members are appointed                        are individuals who when appointed or during the
                                                                                                                                for the tenure effective as of the GMS closing                     tenure meet the following requirements:
Darmawan Junaidi       President Director               Internal Audit (Wholesale & Corporate Center Audit, Retail Audit,       or other dates specified by the GMS and ends                       1. Having good ethics, morals and integrity.
                                                        IT Audit, Senior Investigator), Corporate Relations (Corporate
                                                        Secretary, Enterprise Legal)                                            after the closing of the 5th (fifth) Annual GMS                    2. Eligible to conduct legal actions.
                                                                                                                                after the appointing date, on the condition                        3. Within 5 (five) years prior to appointment or
Alexandra Askandar     Vice President Director          Special Asset Management, Legal, Digital Marketing dan
                                                        Environmental, Social and Governance
                                                                                                                                of no more than 5 (five) years, by considering                        during the office, he/she:
                                                                                                                                the applicable laws and regulations including                         a. Has never been declared bankrupt.
Agus Dwi Handaya       Director of Compliance and       Compliance & AML – CFT, Human Capital (HC) Strategy &                   the Capital Market, without reducing the GMS                          b. Has never been a member of the Board of
                       HR                               Talent Management, HC Services, HC Engagement & Outsource
                                                        Management, HC Performance & Remuneration, Mandiri                      rights to dismiss the Board of Directors members                          Directors and/or Board of Commissioners
                                                        University, Improvement Project                                         at any time before the tenure ends.                                       found guilty of causing a Company
Riduan*                Director of Corporate Banking    Corporate Banking, Corporate Solution, Wholesale Banking
                                                                                                                            2. The dismissal is effective after the closing of the                        bankrupt.
                                                                                                                                GMS, unless defined otherwise by the GMS.                             c. Has never been sentenced of crime for
Aquarius Rudianto      Director of Network and Retail   Micro Development & Agent Banking, Micro Personal                   3. After the tenure ends, the Board of Directors                              causing the loss of the country and/or
                       Banking                          Loan, Credit Cards, Consumer Loans, SME Banking, Wealth
                                                        Management, Distribution Strategy, Transaction Banking Retail           members can be reappointed by the GMS for                                 relating to financial sector.
                                                        Sales, Retail Deposit Product & Solution, Distribution & Consumer       another tenure.                                                       d. never becomes a member of the Board of
Toni E. B. Subari      Director of Operations           Wholesale Credit Operation, Retail Credit Operation, Retail
                                                                                                                                                                                                          Directors and/or member of the Board of
                                                        Credit Center, Cash & Trade Operations, Electronic Channel                                                                                        Commissioners who, during his/her tenure:
                                                        Operations, Customer Care, Business Continuity Management                                                                                         • has failed to hold Annual GMS.
Rohan Hafas            Director of Institutional        Government & Institutional, Government Solution, Corporate                                                                                        • whose accountability as member of
                       Relations                        Real Estate, Government Project                                                                                                                       Board of Directors and/or Board of
Sigit Prastowo         Director of Finance and          Strategy & Performance Management, Accounting, Investor
                                                                                                                                                                                                              Commissioners has been declined
                       Strategies                       Relations, Strategic Investment & Subsidiaries Management,                                                                                            by GMS or has never provided
                                                        Business Transformation, Corporate Transformation, Corporate                                                                                          accountability report as member of
                                                        Center
                                                                                                                                                                                                              Board of Directors and/or Board of
                                                                                                                                                                                                              Commissioners to GMS.




PT BANK MANDIRI (PERSERO) TBK                             752                                                                                                                               753                                            ANNUAL REPORT 2024
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      • has caused a company that has license,                    a. Member of the Board of Directors in State-                                                                                        Position in Other       Name of Other
         approval, or registration from FSA not                       Owned Enterprises, Regional-Owned                         Name                                Position                            Companies/              Companies/
         to fulfil its obligation to deliver Annual                   Enterprises, Private-Owned Enterprises.                                                                                            Institutions            Institutions
         Report and/or financial report to the                    b. Member of the Board of Commissioners in             Rohan Hafas              Director of Institutional Relations                                –                –
         OJK.                                                         State-Owned Enterprises.
                                                                                                                         Sigit Prastowo           Director of Finance and Strategies                                 –                –
   e. Has the commitment to comply with the                       c. Other structural and functional positions
      laws and regulations.                                           in central and/or regional government              Timothy Utama            Director of Information Technology                                 -                –
   f. Has the knowledge and/or expertise in the                       agencies/institutions.
                                                                                                                         Eka Fitria               Director of Treasury and International                             –                –
      area required by the Company.                               d. Political party administrators and/or                                        Banking
                                                                      legislative candidates/members; and/
BOARD OF DIRECTORS                                                    or candidate for regional head/deputy
                                                                                                                         Danis Subyantoro**       Director of Risk Management                                        –                –

CONCURRENT                                                            regional head.                                     Totok Priyambodo** Director of Commercial Banking                                           –                –
POSITIONS POLICY                                                  e. Positions that may cause conflicts of interest      *) Transfer of duties to Director of Corporate Banking at the Annual GMS on 7 March 2024.
                                                                                                                         **) Appointed as Director effective from the Annual GMS on 7 March 2024.
                                                                      and/or other positions in accordance with
The provisions for concurrent positions for the Board                 the provisions in the legislation.
of Directors are regulated in the following:                   2. OJK Regulation No. 17 of 2023 regarding
1. Regulation of the Minister of SOEs No. PER-                    the Implementation of Governance for                   BOARD OF DIRECTORS                                                      2. The GMS/Minister may appoint candidates
   11/MBU/07/2021 concerning Requirements,                        Commercial Banks, prohibits members of the             NOMINATION AND                                                             proposed by the Succession Committee as
   Procedures for Appointment, and Dismissal of                   Board of Directors from concurrently holding           SELECTION PROCESS                                                          members of the Board of Directors of SOEs.
   Members of the Board of Directors of State-                    positions as members of the board of directors,                                                                                3. For certain SOEs, the appointment of an
   Owned Enterprises, as amended by Regulation                    members of the board of commissioners,                 Pursuant to the Articles of Association, members                           individual as a member of the SOE Board of
   of the Minister of SOEs No. PER-7/MBU/09/2022,                 members of the Sharia supervisory board,               of the Board of Directors are appointed and                                Directors may be made after passing the Fit
   and lastly amended by the SOE Minister                         or executives in banks, companies, and/or              dismissed by the GMS, for a period of 5 (five) years                       and Proper Test (UKK) according to sectoral
   Regulation No. PER-3/MBU/03/2023 concerning                    other institutions; in functional roles in financial   effective from the date of GMS appointment.                                regulations.
   the Organization and Human Resources of                        institutions, banks, and/or non-bank financial         Members of the Board of Directors whose office                          4. In the event the appointment of SOE Board
   State-Owned Enterprises, members of the                        institutions domiciled domestically or overseas;       terms are expired may be reappointed by the                                of Directors members is made before the UKK
   Board of Directors are prohibited from holding                 in other positions that may create conflicts of        GMS.                                                                       according to sectoral regulations, the SOE
   concurrent positions as:                                       interest in carrying out duties as a member of                                                                                    Board of Directors is authorized to carry out
                                                                  the Board of Directors; and/or in other positions      The procedure for the appointment of Bank                                  actions, duties, and functions as members of
                                                                  as stipulated by regulations.                          Mandiri Board of Directors refers to OJK Regulation                        the SOE Board of Directors from the date they
                                                                                                                         No. 33/POJK.04/2014 concerning the Board of                                pass the UKK according to sectoral regulations.
Board of Directors Concurrent Position                                                                                   Directors and Board of Commissioners of Issuers or                      5. SOE Board of Directors members as referred to
                                                                    Position in Other          Name of Other             Public Companies, OJK Regulation No. 17 of 2023                            in paragraph (3) have a term of office effective
       Name                           Position                       Companies/                 Companies/               regarding the Implementation of Governance for                             from the date determined by the GMS/Minister.
                                                                      Institutions               Institutions            Commercial Banks, and SOE Minister Regulation                           6. In the event certain SOE Board of Directors
                                                                                                                         No. PER-3/MBU/03/2023 concerning Organs and                                members fail the UKK according to sectoral
Darmawan Junaidi      President Director                                     –                         –
                                                                                                                         Human Resources of State-Owned Enterprises. The                            regulations, the GMS/Minister may dismiss such
Alexandra Askandar Vice President Director                                   –                         –                 following are procedures of the Board of Directors’                        SOE Board of Directors members, taking into
Agus Dwi Handaya      Director of Compliance and HR                          –                         –
                                                                                                                         appointment:                                                               account sectoral regulations.
                                                                                                                         1. Origin of prospective SOE Board of Directors/                        7. The appointment of an individual as a member
Riduan*               Director of Corporate Banking                          –                         –                     Board of Directors candidates come from:                               of the SOE Board of Directors may be made
Aquarius Rudianto     Director of Network and Retail Banking                 –                         –                     a. Former BUMN Director.                                               through:
                                                                                                                             b. BUMN Board of Commissioners/Supervisory                             a. Decision of the Minister as the GMS/owner
Toni E. B. Subari     Director of Operations                                 –                         –
                                                                                                                                Board.                                                                  of capital if all shares/capital of the SOEs
                                                                                                                             c. Structural Officers and Government                                      are owned by the State; or
                                                                                                                                Functional Officers.                                                b. Decision of the GMS or decision of all
                                                                                                                             d. Another source.                                                         shareholders by circular resolution, if not
                                                                                                                                                                                                        all shares are owned by the State.



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8. For Public Companies, the curriculum vitae of           17. Board members commence their duties                    e. Conduct actions that violate ethics and/or          10. Before the resignation is effective, the
    candidates for appointment as members of                   effectively from the date specified in the                propriety that should be valued by member;              concerned member of the Board of Directors
    the BUMN Board of Directors proposed to be                 Minister’s Decision/GMS/decision of all                f. Is declared guilty by the Court’s decision              shall assume responsibility to complete the
    appointed in the RUPS must be available and                shareholders by circular resolution.                      with permanent legal force;                             duties and the responsibilities in accordance
    announced during the holding of the RUPS               18. The format of the statement letter related to          g. Resigns;                                                with the Articles of Association and the
    before the decision is made regarding the                  the appointment and dismissal of the Board             h. Other reasons deemed appropriate by the                 applicable laws.
    appointment of such individuals as members                 of Directors as stated in Annex IV is an integral         GMS for the interests and objectives of the         11. The resigning member will be released from
    of the SOE Board of Directors.                             part of SOE Minister Regulation No. PER-3/                Company.                                                any responsibility after obtaining discharge of
9. Prior to being appointed as a member of                     MBU/03/2023.                                                                                                      duty from the annual GMS.
    the SOE Board of Directors, the individual                                                                     3. The dismissal by the reasons aforementioned            12. A member of the Board of Directors is dismissed
    concerned must sign a letter of resignation            The process of nominating and selecting the Board          is conducted after the person(s) concerned in              if:
    from other positions prohibited from being held        of Directors is carried out through the proposal of        the event of dismissal is given the opportunity to         a. The resignation has been in effect;
    concurrently with the position of SOE Board            the members of the Board of Directors to the GMS           raise defense, excluding the dismissal specified           b. Passed away;
    of Directors member effective from the date            by taking into account the recommendations of              in the provisions of points f and g.                       c. The tenure has expired;
    they are appointed as a member of the SOE              the Board of Commissioners and the Remuneration         4. The dismissal due to reasons as referred to in             d. Dismissed by the decision of GMS;
    Board of Directors.                                    and Nomination Committee. Prior to the discussion          point letter d and f are considered dishonorable           e. Declared bankrupt by a Commercial Court
10. In the event the individual concerned does             on the appointment and dismissal of the Board of           discharge.                                                     which has a permanent legal force or under
    not resign within the time frame as stipulated         Directors in the GMS, information was provided on       5. Among the Board of Director’s members and                      the auspices based on a Court’s decision;
    in the laws and regulations, their position as a       the profiles of new and reappointed candidates             between the Board of Directors’ members and                    or
    member of the BUMN Board of Directors ends             for the Board of Directors.                                the Board of Commissioners’ members, there                 f. No longer fulfilling the requirements as a
    at that time.                                                                                                     shall not be any blood relationship of three                   member of the Board of Directors based on
11. In the event the appointment decision is made                                                                     generations, either vertical or horizontal in the              the provisions of the Articles of Association
    by the Minister or decision of all shareholders        MECHANISM OF RESIGNATION                                   family tree, including the familial relationship               and the applicable laws.
    by circular resolution, the Deputy processes the       AND DISMISSAL OF THE                                       arising from marriage.                                 13. For the member of the Board of Directors
    delivery of the Decision Letter to the selected        BOARD OF DIRECTORS                                      6. In the event that such condition prevails, the             dismissed before or after the term of office,
    SOE Board of Directors member after the                                                                           GMS has the authority to dismiss one of the                unless unable to resume the position due to
    Decision is determined.                                Resignation and dismissal mechanism for the                members.                                                   passing, the concerned member shall therefore
12. In the process of delivering the Decision Letter,      Board of Directors is regulated by the Articles of      7. A member for the Board of Directors may resign             be held responsible for their actions that have
    the Deputy is assisted by the high-level official      Association as follows:                                    from his/her position before his/her term of               been rejected by the GMS;
    responsible for legal affairs, Assistant Deputies,                                                                office expires. In the event that a member of          14. The Board of Director’s members may at any
    and Sector Assistant Deputies.                         1. The GMS may dismiss the Board of Director’s             the Board of Directors resigns, the said member            time be temporarily dismissed by the Board
13. After the delivery of the Decision Letter is              members at any time by stating its reasons.             shall submit a written request for resignation to          of Commissioners if they conduct actions
    carried out, all documents are handed over                                                                        the Company.                                               contrary to the Articles of Association or
    to the Deputy for administration.                      2. The dismissal of a member of the Board of            8. The Company must hold the GMS to decide                    there are indications of actions that harm the
14. In the event the appointment will be                      Directors is called for if, based on the factual        on the resignation request of a member of                  Company or neglect the obligations or there
    determined in the GMS, the submission of the              circumstance, the said members:                         the Board of Directors no later than 90 (ninety)           are crucial explanations for the Company, by
    UKK results to the Minister is accompanied by             a. Is unable/inadequate to fulfil the obligations       days after receiving the letter of resignation.            paying attention to the following provisions:
    a letter of appointment for the candidate                     as agreed in the management contract;            9. The Company is obliged to provide information              a. Temporary dismissal shall be notified in
    and a power of attorney to attend and make                b. Is unable to perform duties appropriately;           transparency to the public and submit it to the                written to the said member along with the
    decisions in the GMS.                                     c. Violates the provisions of the Articles of           Financial Service Authority no later than 2 (two)              rationale, then forwarded to the Board of
15. After the GMS is held, all documents related                  Association and/or the applicable laws;             working days after:                                            Directors;
    to the appointment of SOE Board of Directors              d. Engages in actions that detrimental to the           a. The approval of the resignation application
    members are handed over to the Deputy for                     Company and/or country;                                 from a member of the Board of Directors.
    administration.                                                                                                   b. The achievement of the GMS results.
16. The administrative process by the Deputy
    as referred to in paragraphs (12) and (14)
    includes documentation of the appointment
    and assessment process.



PT BANK MANDIRI (PERSERO) TBK                            756                                                                                                           757                                     ANNUAL REPORT 2024
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   b. The notification as referred to in the letter          k. If the member who is subjected to               Directors shall inform in writing regarding his/her     AFFILIATIONS OF THE
      “a” shall be submitted no later than 2 (two)              temporary dismissal does not attend the         intention to the Bank, and the Bank shall convene       BOARD OF DIRECTORS
      working days after the temporary dismissal                GMS after being summoned in written,            the GMS to take decision on the resignation of a
      is effective;                                             the member shall be considered to have          member of the Board of Directors within 90 days         Affiliation refers to the relationships that may exist
   c. The member who is subject to temporarily                  neglected his/her rights to defend himself/     after the acceptance of the resignation.                between members of the Board of Directors,
      dismissal has no authority to conduct the                 herself in the GMS and agree to the GMS                                                                 the Board of Commissioners, and the Main or
      Company’s management for the sake of                      decision.                                                                                               Controlling Shareholders of the Company. These
      the Company in relation with the purposes              l. The Company is obliged to conduct               MANAGEMENT OF THE                                       relationships can arise from family ties, business
      and objectives of the Company or to                       information transparency to the public and      BOARD OF DIRECTORS                                      interests, or professional associations. By identifying
      represent the Company either within or                    submit it to the Financial Services Authority   CONFLICT OF INTEREST                                    and disclosing potential affiliations, the Company
      outside the Court;                                        regarding:                                                                                              can proactively mitigate conflicts of interest,
   d. Within a period of at most 90 (ninety) days               • The decision of temporary dismissal; and      Management of the Board of Directors conflict           ensure fair decision-making, and uphold the trust
      after the temporary dismissal has been                    • The results of GMS either to revoke           of interest is specified in Bank Mandiri Policy         of stakeholders. These relationships may take the
      done, the Board of Commissioners shall                        or reinforce the temporary dismissal        Architecture. Bank Mandiri Policy Architecture          form of:
      organize the GMS to revoke or reinforce                       decision as referred to in letter “d”,      is a policy hierarchy/structure functioning as a
      the temporary dismissal;                                      or any information regarding the            framework and guidelines in policy preparation          • Family relationship due to marriage and
   e. With the lapse of the period of holding the                   cancellation of the temporary dismissal     and implementation of Bank activity. The                  descent to the second degree either horizontal
      GMS as referred to in letter d or the GMS is                  by the Board of Commissioners due to        Management of the Board of Directors conflict             or vertical.
      unable to make a decision, the temporary                      the absence of the GMS until the due        of interest is as follows:                              • Management or oversight relationship with
      dismissal will be cancelled;                                  date as referred to in letter e of this                                                               Main/Controlling Shareholder.
   f. The limitation of authority as stated in point                article, no later than 2 (two) working      1. The Board of Commissioners, the Board of             • Share ownership by each member of the Board
      c shall be effective since the effective date                 days from such happening.                      Directors, and Executives shall commit to              of Directors and Board of Commissioners to the
      of temporary dismissal by the Board of                                                                       prevent any forms of conflict of interest.             Main/Controlling Shareholders as legal entity.
      Commissioners until:                               POLICIES RELATED TO THE                                2. In the event that the Board of Directors
      • there is a decision of the GMS which             RESIGNATION OF THE BOARD                                  member(s) has a personal Interests in a              The Board of Directors of Bank Mandiri have
           reinforces or revokes the temporary           OF DIRECTORS’ MEMBERS                                     transaction, contract or contracts proposed          no financial relations, management relations,
           dismissal in letter d; or                     DUE TO THEIR INVOLVEMENT                                  in which one of the parties is the Bank, the         shareholding and/or family relations with other
      • the due date as stated in letter d has           IN FINANCIAL CRIMES                                       interest shall be mentioned in the Board of          members of the Board of Commissioners, the Board
           passed.                                                                                                 Directors Meeting and the concerned Board            of Directors and/or Controlling Shareholders or
   g. In the GMS as referred to in letter d, the         Bank Mandiri has in place the policy on resignation       of Directors member has no authority to take         relation with the Bank, which helps in carrying
      member of concerned shall be given an              of member of the Board of Directors when involved         a vote.                                              out their tasks and responsibility independently.
      opportunity to raise defenses;                     in financial crime as stated in the Bank’s Articles    3. Periodically, at least 1 (once) in a year, every
   h. Temporary dismissal cannot be extended             of Association.                                           member of the Board of Commissioners, the            The affiliations of the Board of Directors are shown
      or re-established by the same rationale if                                                                   Board of Directors and the Executives are            in the following table:
      the temporary dismissal is declared void as        Referring to the Article 14 paragraph (26) letter         required to make a statement regarding
      referred to in letter e;                           f of the Bank’s Articles of Association, the tenure       conflict of interests with the Bank activities.
   i. In the event that the GMS revokes the              of member of the Board of Directors is ended           4. Members of the Board of Commissioners, the
      temporary dismissal or circumstances as            if no longer meet the requirements as member              Board of Directors and the Executives are
      referred to in letter e prevail, the concerned     of the Board of Directors based on the Articles           prohibited from having concurrent positions
      member shall remain to perform his/her             of Association and other laws and regulations,            as specified in the applicable regulations.
      tasks;                                             including involvement in financial crime. In the
   j. If the GMS outcome reinforces the decision         event that a member of the Board of Directors
      of the temporary dismissal, then the               is resigning including if involved in the financial
      member is dismissed permanently;                   crime, thus a concerned member of the Board of




PT BANK MANDIRI (PERSERO) TBK                          758                                                                                                        759                                      ANNUAL REPORT 2024
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Affiliations of The Board of Directors
                                           Financial, Family, and Management Relations of the BOD
                                                                                                                                 SHAREHOLDING OF THE BOARD OF DIRECTORS
                                   Financial Relations With                Family Relations With
                                                                                                         Management
   Name          Position                             Controlling                          Controlling
                                 BOC       BOD                       BOC        BOD                       Relations
                                                     Shareholders                         Shareholders

                                Yes No Yes No        Yes      No    Yes No    Yes   No    Yes      No    Yes   No     Based on POJK 17/2023 Article 32 letter a, the Board of Directors has disclosed share ownership of
                                                                                                                      5% (five percent) or more, either in the Bank concerned or in other banks and/or companies, both
Darmawan      President
                                       √         √            √         √             √            √            √     domestically and internationally. The share ownership of Bank Mandiri’s Board of Directors is described
Junaidi       Director
                                                                                                                      in the table below.
Alexandra     Vice
Askandar      President                √         √            √         √             √            √            √
              DIrector                                                                                                Board of Directors Shares Ownership as of 31 December 2024
Agus Dwi      Director of
Handaya       Information              √         √            √         √             √            √            √                                                                                       Share Ownership
              Technology
                                                                                                                                                                                   Bank Mandiri                       Non-Bank
                                                                                                                      No.           Name                    Position                                        Other                      Other
Riduan        Director of                                                                                                                                                                                              Financial
              Corporate                √         √            √         √             √            √            √
                                                                                                                                                                                Total                       Banks                    Companies
                                                                                                                                                                                           % Ownership
              Banking                                                                                                                                                          Shares                                 Institutions

Aquarius      Director of                                                                                             1.      Darmawan            President Director          11,134,200   0.0119295%         Nil         Nil           Nil
Rudianto      Network and              √         √            √         √             √            √            √             Junaidi
              Retail Banking
                                                                                                                      2.      Alexandra           Vice President Director     11,028,200   0.0118159%         Nil         Nil           Nil
                                                                                                                              Askandar
Toni E. B.    Director of
                                       √         √            √         √             √            √            √
Subari        Operations                                                                                              3.      Agus Dwi            Director of Compliance      11,347,300   0.0121578%         Nil         Nil           Nil
                                                                                                                              Handaya             & HR
Rohan         Director of
Hafas         Institutional            √         √            √         √             √            √            √     4.      Riduan              Director of Corporate       11,250,000   0.0120536%         Nil         Nil           Nil
              Relations                                                                                                                           Banking
Sigit         Director of                                                                                             5.      Aquarius Rudianto Director of Network &         7,102,000    0.0076093%         Nil         Nil           Nil
Prastowo      Finance and              √         √            √         √             √            √            √                               Retail Banking
              Strategies
                                                                                                                      6.      Toni E. B. Subari   Director of Operation       6,082,200    0.0065166%         Nil         Nil           Nil
Timothy       Director of
Utama         Information              √         √            √         √             √            √            √     7.      Rohan Hafas         Director of Institutional   5,965,200     0.0063913         Nil         Nil           Nil
              Technology                                                                                                                          Relations
Eka Fitria    Director of                                                                                             8.      Sigit Prastowo      Director of Finance &       10,869,800   0.0116462%         Nil         Nil           Nil
              Compliance               √         √            √         √             √            √            √                                 Strategies
              and HR
                                                                                                                      9.      Timothy Utama       Director of Information     7,036,600    0.0075392%         Nil         Nil           Nil
Danis         Director                                                                                                                            Technology
Subyantoro    of Risk                  √         √            √         √             √            √            √
              Management                                                                                              10.     Eka Fitria          Director of Treasury &      1,197,500    0.0012830%         Nil         Nil           Nil
                                                                                                                                                  International Banking
Totok      Director of
Priyambodo Commercial                  √         √            √         √             √            √            √     11.     Danis Subyantoro    Director of Risk             344,800     0.0003694%         Nil         Nil           Nil
           Banking                                                                                                                                Management

                                                                                                                      12.     Totok Priyambodo Director of Commercial          370,000     0.0003964%         Nil         Nil           Nil
                                                                                                                                               Banking
                                                                                                                      Total                                                   83,727,800   0.0897082%




PT BANK MANDIRI (PERSERO) TBK                              760                                                                                                                 761                                         ANNUAL REPORT 2024
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ORIENTATION PROGRAM FOR THE NEW BOARD OF DIRECTORS                                                                    Name            Position         Material                    Material Provider                 Date
                                                                                                                                                                         -   Dir. Keputuhan & SDM
The Orientation Program is organized by the Company for newly appointed members of the Board of                                                  Steering Committee
                                                                                                                                                                         -   Dir. Operation
                                                                                                                                                 of the Personal Data
Directors to equip them with a comprehensive understanding of the Company’s strategic and operational                                                                    -   Dir. IT
                                                                                                                                                 Protection Law
                                                                                                                                                                         -   SEVP IT
framework. The program aims to ensure that new Directors are well-informed about their roles and                                                 1. Update follow up
                                                                                                                                                                         -   SEVP Digital Banking                3 September
responsibilities, enabling them to contribute effectively to the Company’s growth and governance.                                                    arahan steerco
                                                                                                                                                                         -   Group Head Terundang (DFR, EDA,     2024
                                                                                                                                                 2. Update on the
Key aspects of the program include:                                                                                                                                          IT ASP, OPR, HCSTM, Legal, PCP,
                                                                                                                                                     progress of the
                                                                                                                                                                             CISO, ITA, MUG, DRB, DSG, CCG,
                                                                                                                                                     implementation of
                                                                                                                                                                             IT STA, IT APD, SOR IT, CPL, CCD,
1. The Company’s strategy, policies, and work plan, providing insight into current goals and future                                                  the PDP Law
                                                                                                                                                                             DGM, RDPS, TBRS)
   directions.                                                                                                                                   Regional
                                                                                                                                                                                                                 13 November
2. The Company’s core values, vision, and mission, ensuring alignment with the organization’s purpose.                                           Development             All Region
                                                                                                                                                                                                                 2024
                                                                                                                                                 Acceleration
3. Duties, responsibilities, and authorities of the Board of Directors as outlined in the Articles of Association
                                                                                                                                                 Department Meeting.
   and in compliance with prevailing regulations in Indonesia.                                                                                   Agenda;
                                                                                                                                                                                                                 08 December
4. Policies related to Corporate Governance, emphasizing ethical and effective management.                                                       1. Strategy Discussion                      -
                                                                                                                                                                                                                 2024
5. Facilities and resources available to support the Board of Directors in executing their duties.                                               2. Retail Quality Im-
                                                                                                                                                    provement
6. Other relevant programs tailored to the specific needs of the Company and its Directors.
                                                                                                                                                 Policy & Procedure      - Dir. KPS
                                                                                                                                                 Committee               - Dir. KES
The Orientation Program is coordinated by the Corporate Secretary, who ensures the efficient delivery of                                         1. Revision of Internal
                                                                                                                                                                                                                 09 December
materials and resources. In 2024, orientation programs were successfully conducted for newly appointed                                              Control Policy
                                                                                                                                                                                                                 2024
                                                                                                                                                 2. ICOFR Operating
Directors, covering the aforementioned topics and equipping them with the necessary knowledge to                                                    Procedure Memo-
fulfill their roles effectively.                                                                                                                    randum
                                                                                                                                                                         - PCP
                                                                                                                                                 Discussion on MSME                                              11 December
                                                                                                                                                                         - Legal
                                                                                                                                                 Debtor Bills Write-off                                          2024
   Name              Position            Material                    Material Provider                Date                                                               - RCR
Danis          Director of Risk    Self-Assessment                                                                                               Update on the Results
Subyantoro     Management          of Integrated Risk                                                                                            of Socialization                                                24 December
                                                                                                                                                                         All BOD
                                   Profile and Bank                                                                                              of Loan Portfolio                                               2024
                                   Soundness Level (TKB)                                         05 August                                       Guideline
                                   of Bank Mandiri on                                            2024                            Director of     Meeting for                                                     08 March 2024
                                                                                                                    Totok                                                1. Commercial Banking 1 Group
                                   a consolidated basis                                                                          Commercial      Commercial Banking
                                                                                                                    Priyambodo
                                   for the first semester                                                                        Banking                                 2. Commercial Banking 2 Group
                                   period                                                                                                                                3. Commercial Banking 3 Group
                                                                                                 15 August                                                               4. Commercial Banking 4 Group
                                   Forum Area Head          ALL Region
                                                                                                 2024
                                                                                                                                                                         5. Commercial Banking 5 Group
                                   Progress of Personal
                                                                                                                                                                         6. Commercial Banking 6 Group
                                   Data Protection          - Data Protection & Fraud Risk       16 August
                                   & SAF Mortgage           - Senior Investigator                2024                                                                    7. ommercial Solution Group
                                   Preparation                                                                                                                           8. Commercial Banking Task Force
                                                            - President Director                                                                                         9. Decentralized Complience
                                   Risk Management                                               19 August                                                                    Operation & Risk Commercial
                                                            - SEVP Wholesale Risk
                                   Framework                                                     2024                                                                         Banking
                                                            - CPR
                                   Forum 3 ALCO                                                                                                                          10. Human Capital Business Partner
                                   Directors                                                                                                                                  Commercial Banking
                                   1. Update on Liquid-                                                                                                                  11. Strategy and Performance
                                      ity Conditions for - Tim ALCO                                                                                                           Management Group
                                                                                                 22 August
                                      August 2024        - Transaction Banking Wholesale
                                                                                                 2024
                                   2. Strategy for       - Retail Deposit Product & Solution
                                      Achieving Regular
                                      Third-Party Funds
                                      (DPK) Target




PT BANK MANDIRI (PERSERO) TBK                             762                                                                                                     763                                         ANNUAL REPORT 2024
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   Name              Position         Material                     Material Provider                 Date       RISK MANAGEMENT CERTIFICATION
                                Talk to Director -       1. Commercial Banking 1 Group
                                Commercial Banking       2. Commercial Banking 2 Group                          As stipulated in Financial Services Authority Circular No. 28/SEOJK.03/2022 concerning Risk Management
                                2024                                                                            Certification for Commercial Bank Human Resources, Bank Management (Board of Commissioners and
                                                         3.  Commercial Banking 3 Group
                                                         4.  Commercial Banking 4 Group                         Board of Directors) must have a Risk Management Certificate issued by a Professional Certification Body,
                                                         5.  Commercial Banking 5 Group                         with the following classification:
                                                         6.  Commercial Banking 6 Group                         No.                                Position                                    Level            Validity
                                                         7.  Commercial Solution Group
                                                                                                20 March 2024   1.    Commissioner                                                      Minimum Level 1          4 years
                                                         8.  Commercial Banking Task Force
                                                         9.  Decentralized Complience                           2.    Independent Commissioner                                          Minimum Level 2          4 years
                                                             Operation & Risk Commercial
                                                             Banking                                            3.    President Director and Directors of the Bank with assets > Rp10   5                        2 years
                                                         10. Human Capital Business Partner                           trillion
                                                             Commercial Banking
                                                         11. Strategy and Performance
                                                             Management Group
                                                                                                                After the certificate expires, a mandatory Refreshment Program must be taken regularly, at least:
                                Corporate Plan
                                2020 - 2024, RBB 2024
                                                         Strategy and Performance                               1. Once every year for certificate levels 1 and 2; or
                                -2027, RKAP 2024, and                                           25 March 2024
                                                         Management Group
                                Financial Performance                                                           2. Once every year for certificate levels 3, 4, and 5.
                                2023 - 2024
                                Bank Health Level and
                                Risk Management          Credit Portofolio Risk Group           18 April 2024   In Bank Mandiri, as a bank with a total asset of > Rp10 trillion, the entire members of its Board of Directors
                                Framework                                                                       are holders of Risk Management Certificate Level 5. This certification is also part of OJK’s fit and proper
                                GCG, APU PPT                                                                    test requirements. The Risk Management Certificates of the Board of Directors are as follows.
                                and Integrated           Compliance and AML - CFT Group         30 April 2024
                                Governance
                                Review of Subsidiary
                                Company                  BOD Mandiri Utama Finance              15 May 2024
                                Performance
                                Review of Subsidiary
                                Company                  BOD Mandiri Tunas Finance              16 May 2024
                                Performance
                                                         Information & Technology and Digital
                                IT Governance                                                   27 May 2024
                                                         Banking
                                Performance
                                Review of Region IX      RCEO Region IX Kalimantan              12 June 2024
                                Kalimantan
                                Personal Data
                                                         Working Team PDP                       25 June 2024
                                Protection
                                Performance Tune Up      1.  Commercial Banking 1 Group
                                Commercial Banking       2.  Commercial Banking 2 Group
                                                         3.  Commercial Banking 3 Group
                                                         4.  Commercial Banking 4 Group
                                                         5.  Commercial Banking 5 Group
                                                         6.  Commercial Banking 6 Group
                                                         7.  Commercial Solution Group          11 October
                                                         8.  Commercial Banking Task Force      2024
                                                         9.  Decentralized Complience
                                                             Operation & Risk Commercial
                                                             Banking
                                                         10. Human Capital Business Partner
                                                             Commercial Banking
                                                         11. Strategy and Performance
                                                             Management Group




PT BANK MANDIRI (PERSERO) TBK                          764                                                                                                              765                                 ANNUAL REPORT 2024
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                                                                                                            Expiry                                                                                                           Expiry
   Name          Position           Issuers           Level             Field/Area          Issued Date                 Name        Position       Issuers           Level              Field/Area           Issued Date
                                                                                                             Date                                                                                                             Date
Darmawan      President         Banking            Level 5      Banking Risk Management     3 February    7 October   Agus Dwi   Director of   Banking            Level 5         Banking Risk Management    9 May 2022    2 May 2024
Junaidi       Director          Profession                                                  2021          2023        Handaya    Compliance    Profession
                                Certification                                                                                    and HR        Certification
                                Institute (LSPP)                                                                                               Institute (LSPP)

                                Banking            Refreshment Risk Management: Risk        5 August 2021 5 August                             BARa Risk          Refreshment Risk Management                12 – 13 March 12 – 13
                                Profession                     Management Certification                   2023                                 Forum                          Certification Refreshment      2020          March 2022
                                                               Refresher Program: COVID                                                                                       Program – Embedding
                                                               Loan Restructuring After                                                                                       Sustainability Programs into
                                                               Implementation of POJK 48                                                                                      Banks’ Business Model
                                                               2020
                                                                                                                                               LPPI               Refreshment Risk Management                29 November 29
                                Banking            Refreshment Risk Management              29 September 29                                                                   Certification Refreshment      2023        November
                                Profession                     Certification Refreshment    2023         September                                                            Level 7                                    2024
                                Certification                                                            2024
                                Institution                                                                                                    BARa Risk          Refreshment Indonesia Banking in           7 December    7
                                (LSPP)                                                                                                         Forum                          Supporting Indonesia           2023          December
                                                                                                                                                                              towards a Low Carbon                         2024
                                IRPA               Refreshment Risk Management              23-24        24 October                                                           Economy
                                (Indonesia                     Certification Alignment      October 2024 2025
                                Professional                   Program for Directors                                                           IRPA (             Refreshment Risk Management                9 - 10       10 October
                                Association)                   and Commissioners of                                                            Indonesia                      Certification Alignment        October 2024 2025
                                                               Commercial Banks                                                                Professional                   Program for Directors
                                                                                                                                               Association )                  and Commissioners of
Alexandra     Vice President    Banking            Level 5      Banking Risk Management     21 May 2018   21 May                                                              Commercial Banks
Askandar      Director          Profession                                                                2020
                                Certification                                                                         Riduan     Director of   Banking            Level 5         Banking Risk Management    18 February   18 February
                                Institute (LSPP)                                                                                 Corporate     Profession                                                    2013          2021
                                                                                                                                 Banking       Certification
                                BARa Risk          Refreshment Risk Management:             23 March      23 March                             Institute (LSPP)                                              9 February    18 February
                                Forum                          Application of Basel II      2022          2024                                                                                               2021          2023
                                                               Reform Basel IV for ATMR
                                                               Calculation on Credit Risk                                                      ASTA               Refreshment Managing the Commercial        6 January     6 January
                                                                                                                                               Consulting                     Credit in facing the 2023      2023          2024
                                Banking            Refreshment Risk Management              29 September 29                                                                   Recession Potential
                                Profession                     Certification Refreshment    2023         September
                                Certification                                                            2024                                  BARa Risk          Refreshment Indonesian Banking in          7 December    7
                                Institution                                                                                                    Forum (2023)                   Supporting Indonesia           2023          December
                                (LSPP)                                                                                                                                        Towards a Low Carbon                         2024
                                                                                                                                                                              Economy
                                LPPI               Education    Banking Risk Management     07 -10 June   10 June
                                                   and Training Training Program            2024          2025                                 IRPA (             Refreshment Risk Management                23 - 24      24 October
                                                                Qualification 7                                                                Indonesia                      Certification Alignment        October 2024 2025
                                                                                                                                               Professional                   Program for Directors
                                                                                                                                               Association )                  and Commissioners of
                                                                                                                                                                              Commercial Banks




PT BANK MANDIRI (PERSERO) TBK                                 766                                                                                                           767                                     ANNUAL REPORT 2024
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BOARD OF DIRECTORS                                                                                                                                                                                               BOARD OF DIRECTORS




                                                                                                               Expiry                                                                                                              Expiry
   Name          Position           Issuers           Level             Field/Area           Issued Date                    Name       Position        Issuers           Level              Field/Area           Issued Date
                                                                                                                Date                                                                                                                Date
Aquarius      Director of       Banking            Level 5      Banking Risk Management      13 May 2020     13 May       Sigit      Director of   Banking            Level 5         Banking Risk Management    24 June 2015    24 June
Rudianto      Network and       Profession                                                                   2022         Prastowo   Finance and   Profession                                                                    2017
              Retail Banking    Certification                                                                                        Strategy      Certification
                                Institute (LSPP)                                                                                                   Institution        Refreshment Banking Risk Management        14 March        14 March
                                                                                                                                                   (LSPP)                         Refreshment – Risk             2017            2019
                                Banking            Level 5      Banking Risk Management      21 April 2022   21 April                                                             Management in Current
                                Profession                                                                   2024                                                                 Liquidity Tight Conditions
                                Certification
                                Institute (LSPP)                                                                                                                      Refreshment Banking Risk Management        2 May 2019      2 May 2021
                                                                                                                                                                                  Refreshment – Cyber
                                BARa Risk          Refreshment Indonesian Banking in         7 December      7                                                                    Security Awareness in
                                Forum                          Supporting Indonesia          2023            December                                                             Industry 4.0
                                                               Towards a Low Carbon                          2024
                                                               Economy                                                                             Indonesian         Refreshment Banking Risk Management        21 July 2020    21 July
                                                                                                                                                   Banker                         Refreshment –                                  2022
                                IRPA               Refreshment Risk Management               23 - 24      24 October                               Association                    Implementation of
                                (Indonesia                     Certification Alignment       October 2024 2025                                                                    Operational Risk
                                Professional                   Program for Directors                                                                                              Management in the
                                Association)                   and Commissioners of                                                                                               Covid-19 Period
                                                               Commercial Banks
                                                                                                                                                   Banking            Refreshment Banking Risk Management        24 February     24 June
Toni E. B.    Director of       Banking            Level 5      Banking Risk Management      23 October      17 June                               Profession                                                    2021            2023
Subari        Operations        Profession                                                   2019            2021                                  Certification
                                Certification                                                                                                      Institute (LSPP)
                                Institute (LSPP)                                             28 June 2021    17 June
                                                                                                             2023                                  Maisa Citra        Refreshment The Importance of               22 February    22 February
                                                                                                                                                   Edukasi                        Cyber Security
                                                                                                                                                                                          ​​      in Bank         2023           2024
                                Banking            Refreshment Risk Management Training      29 November 29                                                                       Digitalization and Its Relation
                                Profession                     level 7                       2023        November                                                                 to Operational Risk
                                Certification                                                            2024
                                Institute (LSPP)                                                                                                   IRPA (             Refreshment Risk Management                20 - 21 August 21 August
                                                                                                                                                   Indonesia                      Certification Alignment        2024           2025
                                IRPA               Refreshment Risk Management               20 - 21 August 21 August                              Professional                   Program for Directors
                                (Indonesia                     Certification Alignment       2024           2025                                   Association )                  and Commissioners of
                                Professional                   Program for Directors                                                                                              Commercial Banks
                                Association)                   and Commissioners of
                                                               Commercial Banks                                           Timothy    Director of   Banking            Level 5         Banking Risk Management    Aug 1, 2018     13 July
                                                                                                                          Utama      Information   Profession                                                                    2020
Rohan         Director of       Banking            Level 5      Banking Risk Management      25 November 25                          Technology    Certification
Hafas         Institutional     Profession                                                   2020        November                                  Institute (LSPP)   Refreshment Risk Management                13 July 2020    13 July
              Relations         Certification                                                            2022                                                                     Certification Refreshment                      2022
                                Institute (LSPP)                                                                                                                                  Program – Implementation
                                                                                                                                                                                  of Governance, Risk,
                                Maisa Citra        Refreshment Banking Risk Management       21 July 2022    21 July                                                              Compliance (GRC) in
                                Edukasi                                                                      2024                                                                 Banking for Indonesia
                                                                                                                                                                                  Context
                                Maisa Edukasi      Refreshment Risk Management                17 October     17 October
                                                               Qualification Level 7 Training 2024           2025                                  Maisa Citra        Refreshment Banking Risk Management        21 April 2022   21 April
                                                                                                                                                   Edukasi                                                                       2024

                                                                                                                                                   IRPA (             Refreshment Risk Management                20 - 21 August 21 August
                                                                                                                                                   Indonesia                      Certification Alignment        2024           2025
                                                                                                                                                   Professional                   Program for Directors
                                                                                                                                                   Association )                  and Commissioners of
                                                                                                                                                                                  Commercial Banks




PT BANK MANDIRI (PERSERO) TBK                                 768                                                                                                               769                                      ANNUAL REPORT 2024
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BOARD OF DIRECTORS                                                                                                                                                                                         BOARD OF DIRECTORS




   Name          Position          Issuers           Level            Field/Area           Issued Date
                                                                                                             Expiry   BOARD OF DIRECTORS
                                                                                                              Date    MEETINGS
Eka Fitria    Director of       LPPI              Provision    Risk Management Providing   22 June 2023    22 June
              Treasury and                                     Program for Prospective                     2024       The policies and requirements for Bank Mandiri            7. Remote Meetings: Board of Directors meetings
              International                                    Members of the Board of                                Board of Directors meetings are outlined in                  may also be conducted remotely through
              Banking                                          Directors
                                                                                                                      the BOD Charter and align with POJK No. 33/                  teleconferencing, video conferencing, or other
                                Badan            Level 7       Banking Risk Management     17 April 2024   17 April   POJK.04/2014 and OJK Regulation No. 17 of 2023.              electronic means, provided that all participants
                                Nasional                       Level 7 Qualification                       2024       The key provisions for these meetings are as follows:        can interact in real time, including through audio
                                Sertifikasi
                                Profesi ( BNSP)/                                                                                                                                   and visual engagement.
                                LSPP                                                                                  1. Frequency of Meetings: The Board of Directors
                                                                                                                         is required to hold meetings at least once a           8. Chairing and Documentation: The President
                                IRPA (            Refreshment Risk Management              20 - 21 August 21 August
                                Indonesia                     Certification Alignment      2024           2025           month. Additional meetings may be convened                Director chairs the meetings. If the President
                                Professional                  Program for Directors                                      as necessary upon the request of one or more              Director is unavailable, the Vice President
                                Association )                 and Commissioners of
                                                                                                                         Directors or based on a written request from              Director serves as the chair. In the absence
                                                              Commercial Banks
                                                                                                                         the Board of Commissioners.                               of both, the chairperson role is assigned to a
Danis         Director of Risk LPPI               Education    Risk Management             29 November 29                                                                          Substitute Director as per the Board’s decision.
Subyantoro    Management                          and Training Refreshment Level 7         2023        November
                                                  Level 7                                              2024           2. Joint Meetings with the Board of Commissioners:           If no substitute is available, the longest-serving
                                                                                                                         The Board of Directors is required to hold joint          Director or, in the case of equal tenure, the oldest
                                BARa Risk         Refreshment Indonesia Banking In         7 December      7
                                                                                                                         meetings with the Board of Commissioners                  Director by age presides over the meeting. All
                                Forum             Program     Supporting Indonesia         2023            December
                                                  Level 7     towards a Low carbon                         2024          at least once every four months to ensure                 meetings are documented in the form of
                                                              Economy                                                    alignment on strategic and operational                    minutes, which are distributed to all Directors
                                Badan             Level 7      Banking Risk Management     17 April 2024   17 April      matters.                                                  and recorded in the Company’s official records.
                                Nasional                       Level 7 Qualification                       2027
                                Sertifikasi                                                                           3. Quorum Requirements: A Board of Directors              9. Circular Resolution: The Board of Directors
                                Profesi (BNSP)/
                                LSPP                                                                                     meeting is considered valid and authorized                may make valid decisions without physically
                                                                                                                         to make binding decisions if more than 2/3                convening a meeting through a Circular
Totok      Director of          Badan             Level 7      Banking Risk Management     17 April 2024   17 April
                                                                                                                         (two-thirds) of the total members are present             Resolution. This method requires that all members
Priyambodo Commercial           Nasional                       Level 7 Qualification                       2027
           Banking              Sertifikasi                                                                              or represented by proxy.                                  of the Board of Directors are notified and provide
                                Profesi (BNSP)/                                                                                                                                    written approval of the proposed resolution.
                                LSPP
                                                                                                                      4. Representation at Meetings: A Director may                Decisions made through this process hold the
                                                                                                                         be represented by another Director during                 same legal standing as those made in formal
                                                                                                                         a meeting, provided that a formal proxy                   meetings.
                                                                                                                         is granted. However, a Director may only
                                                                                                                         represent one other Director.



                                                                                                                      5. Meeting Scheduling: The Board of Directors
                                                                                                                         is encouraged to schedule meetings for the
                                                                                                                         following year before the end of the current
                                                                                                                         fiscal year, ensuring effective planning and
                                                                                                                         organization.



                                                                                                                      6. Meeting Materials: All relevant materials for the
                                                                                                                         Board of Directors meetings shall be distributed
                                                                                                                         to participants no later than five working days
                                                                                                                         prior to the meeting. If a meeting is held outside
                                                                                                                         of the regular schedule, materials can be
                                                                                                                         provided immediately prior to the meeting.

PT BANK MANDIRI (PERSERO) TBK                                 770                                                                                                         771                                      ANNUAL REPORT 2024
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BOARD OF DIRECTORS                                                                                                                                                                                        BOARD OF DIRECTORS




Board of Directors Meetings Plan                                                                                                                                                                                    Reasons for
                                                                                                                    No.      Date             Meeting Agenda                 Meeting Participants      Presence
                                                                                                                                                                                                                     Absence
The following Board of Directors’ meeting plan for 2024, including key agendas, has been uploaded to                 2    8 January    1. General Discussion: a. Update     Darmawan Junaidi            Present
the Bank Mandiri website, ensuring transparency and accessibility for stakeholders.                                       2024            on the Company's Latest
                                                                                                                                          Developments                      Alexandra Askandar          Present
                                                                                                                                       2. General Discussion: b.
         Quarter I                    Quarter II                      Quarter III              Quarter IV                                                                   Ahmad Siddik Badruddin      Present
                                                                                                                                          Update on Digital Platform
                                                                                                                                          Development                       Agus Dwi Handaya            Present
• Monthly/quarterly        • Monthly/quarterly        • Monthly/quarterly             • Monthly/quarterly
  review of the Company      review of the Company      review of the Company           review of the Company
                                                                                                                                                                            Riduan                      Present
  and Subsidiaries’          and Subsidiaries’          and Subsidiaries’               and Subsidiaries’
  performance.               performance.               performance.                    performance.                                                                        Aquarius Rudianto           Present
• Monthly/quarterly review • Monthly/quarterly review • Monthly/quarterly review      • Monthly/quarterly review
  of the Company’s           of the Company’s           of the Company’s                of the Company’s                                                                    Toni E. B. Subari           Present
  Strategy and Work Plan.    Strategy and Work Plan.    Strategy and Work Plan.         Strategy and Work Plan.
• Preparation of the       • Discussion and Approval                                  • Discussion and Approval                                                             Susana Indah K. Indriati    Absent          Leave
  Annual General Meeting     of RKAP (Work & Budget                                     of the Sustainable                                                                  Rohan Hafas                 Present
  of Shareholders.           Plan) 2024 Revision &                                      Financial Action Plan
• Review and approval        RBB (Bank Business Plan)                                   (RAKB) and Recovery                                                                 Sigit Prastowo              Present
  of the Audit Financial     2024-2026 Revision.                                        Plan.
  Statements Fiscal Year                                                              • Discussion and Approval                                                             Timothy Utama               Absent          Leave
  2023.                                                                                 of RKAP (Work & Budget
                                                                                                                                                                            Eka Fitria                  Present
• Selection of External                                                                 Plan) 2025 & RBB (Bank
  Auditor for Fiscal Year                                                               Business Plan) 2025-2027.    3    16 January   1. Proposal on Human Capital         Darmawan Junaidi            Present
  2024.                                                                                                                   2024         2. General Discussion:
                                                                                                                                          Transformation Project Update     Alexandra Askandar          Present
Board of Directors Meeting Implementation                                                                                              3. Financial Performance
                                                                                                                                                                            Ahmad Siddik Badruddin      Present
                                                                                                                                          December 2023
The following are agenda, date and participants of the Director’s Meeting in 2024.                                                                                          Agus Dwi Handaya            Present

                                                                                                                                                                            Riduan                      Present

                                                                                                  Reasons for                                                               Aquarius Rudianto           Absent          Leave
No.       Date              Meeting Agenda                Meeting Participants      Presence
                                                                                                   Absence
                                                                                                                                                                            Toni E. B. Subari           Present
  1   3 January      1. General Discussion: a. Update    Darmawan Junaidi            Present
      2024              on the Company's Latest                                                                                                                             Susana Indah K. Indriati    Present
                        Developments                     Alexandra Askandar          Present
                                                                                                                                                                            Rohan Hafas                 Present
                     2. General Discussion: b. Mandiri
                                                         Ahmad Siddik Badruddin      Present
                        Investment Forum 2024 Update                                                                                                                        Sigit Prastowo              Present
                     3. Proposed Implementation          Agus Dwi Handaya            Present
                        of the 2024 Annual General                                                                                                                          Timothy Utama               Present
                        Meeting of Shareholders          Riduan                      Present
                                                                                                                                                                            Eka Fitria                  Present
                                                         Aquarius Rudianto           Present
                                                                                                                     4    22 January   1. 2023 Performance Assessment       Darmawan Junaidi            Present
                                                         Toni E. B. Subari           Absent          Leave                2024         2. Consolidated Financial
                                                                                                                                          Statements of PT Bank Mandiri     Alexandra Askandar          Present
                                                         Susana Indah K. Indriati    Absent          Leave                                (Persero) Tbk. and Subsidiaries
                                                                                                                                                                            Ahmad Siddik Badruddin      Present
                                                                                                                                          for the Year Ended December
                                                         Rohan Hafas                 Absent          Leave
                                                                                                                                          31, 2023 (Audited)                Agus Dwi Handaya            Present
                                                         Sigit Prastowo              Present                                           3. Update on Prudential Meeting
                                                                                                                                          Bank Business Plan (RBB) 2024-    Riduan                      Present
                                                         Timothy Utama               Present                                              2026
                                                                                                                                                                            Aquarius Rudianto           Absent          Leave
                                                         Eka Fitria                  Present
                                                                                                                                                                            Toni E. B. Subari           Present

                                                                                                                                                                            Susana Indah K. Indriati    Present

                                                                                                                                                                            Rohan Hafas                 Present




PT BANK MANDIRI (PERSERO) TBK                              772                                                                                                              773                                   ANNUAL REPORT 2024
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BOARD OF DIRECTORS                                                                                                                                                                               BOARD OF DIRECTORS




                                                                                              Reasons for                                                                                                  Reasons for
No.       Date              Meeting Agenda               Meeting Participants      Presence                 No.      Date             Meeting Agenda                Meeting Participants      Presence
                                                                                               Absence                                                                                                      Absence
                                                        Sigit Prastowo              Present                                                                        Susana Indah K. Indriati    Present

                                                        Timothy Utama               Present                                                                        Rohan Hafas                 Absent         Leave

                                                        Eka Fitria                  Present                                                                        Sigit Prastowo              Present

  5   29 January     1. General Discussion: a. Update   Darmawan Junaidi            Present                                                                        Timothy Utama               Absent         Leave
      2024              on the Company's Latest
                        Developments                    Alexandra Askandar          Present                                                                        Eka Fitria                  Present
                     2. General Discussion: b. Human
                                                        Ahmad Siddik Badruddin      Present                  8    6 February    1. Proposal on Human Capital       Darmawan Junaidi            Present
                        Capital Proposal
                                                                                                                  2024
                     3. Procurement of Public           Agus Dwi Handaya            Present                                                                        Alexandra Askandar          Present
                        Accountant Services (AP) and
                        Public Accounting Firm (KAP)    Riduan                      Present                                                                        Agus Dwi Handaya            Present
                        of Bank Mandiri in 2024
                     4. Update on the Preparation       Aquarius Rudianto           Present                                                                        Riduan                      Present
                        of Public Expose & Analyst
                                                        Toni E. B. Subari           Present                                                                        Aquarius Rudianto           Present
                        Meeting Q4 2023
                                                        Susana Indah K. Indriati    Present                                                                        Toni E. B. Subari           Present

                                                        Rohan Hafas                 Present                                                                        Susana Indah K. Indriati    Present

                                                        Sigit Prastowo              Present                                                                        Rohan Hafas                 Absent          Leave

                                                        Timothy Utama               Present                                                                        Sigit Prastowo              Present

                                                        Eka Fitria                  Present                                                                        Timothy Utama               Absent          Leave

  6   31 January     1. Financial Performance           Darmawan Junaidi            Present                                                                        Eka Fitria                  Present
      2024              December 2023
      (Eraser)                                          Alexandra Askandar          Present                  9    12 February   1. Risk Management Proposal        Darmawan Junaidi            Present
                                                                                                                  2024          2. Proposal on Human Capital
                                                        Ahmad Siddik Badruddin      Present                                                                        Alexandra Askandar          Present

                                                        Agus Dwi Handaya            Present                                                                        Agus Dwi Handaya            Present

                                                        Riduan                      Present                                                                        Riduan                      Present

                                                        Aquarius Rudianto           Present                                                                        Aquarius Rudianto           Present

                                                        Toni E. B. Subari           Present                                                                        Toni E. B. Subari           Present

                                                        Susana Indah K. Indriati    Present                                                                        Susana Indah K. Indriati    Present

                                                        Rohan Hafas                 Present                                                                        Rohan Hafas                 Present

                                                        Sigit Prastowo              Present                                                                        Sigit Prastowo              Present

                                                        Timothy Utama               Present                                                                        Timothy Utama               Present

                                                        Eka Fitria                  Present                                                                        Eka Fitria                  Present

  7   5 February     1. General Discussion:             Darmawan Junaidi            Present                 10    20 February   1. General Discussion: a. Update   Darmawan Junaidi            Present
      2024              Arrangement of Alternate                                                                  2024             on the Company’s Latest
                        Directors                       Alexandra Askandar          Present                                        Developments                    Alexandra Askandar          Present
                     2. 2023 Performance Assessment                                                                             2. General Discussion: b.
                                                        Agus Dwi Handaya            Present                                                                        Agus Dwi Handaya            Present
                                                                                                                                   Transformation Project Update
                                                        Riduan                      Present                                     3. Financial Performance January   Riduan                      Present
                                                                                                                                   2024
                                                        Aquarius Rudianto           Present                                                                        Aquarius Rudianto           Present

                                                        Toni E. B. Subari           Present                                                                        Toni E. B. Subari           Present




PT BANK MANDIRI (PERSERO) TBK                             774                                                                                                      775                                   ANNUAL REPORT 2024
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BOARD OF DIRECTORS                                                                                                                                                                        BOARD OF DIRECTORS




                                                                                           Reasons for                                                                                              Reasons for
No.       Date              Meeting Agenda            Meeting Participants      Presence                 No.      Date           Meeting Agenda                 Meeting Participants   Presence
                                                                                            Absence                                                                                                  Absence
                                                     Susana Indah K. Indriati    Present                                                                       Rohan Hafas              Present

                                                     Rohan Hafas                 Present                                                                       Sigit Prastowo           Present

                                                     Sigit Prastowo              Present                                                                       Timothy Utama            Present

                                                     Timothy Utama               Present                                                                       Eka Fitria               Present

                                                     Eka Fitria                  Present                                                                       Danis Subyantoro*        Present

 11   26 February    1. General Discussion: Update   Darmawan Junaidi            Present                                                                       Totok Priyambodo*        Present
      2024              on the Company's Latest
                        Developments                 Alexandra Askandar          Present                 14    18 March   1. Kick-Off for the Preparation of   Darmawan Junaidi         Present
                     2. Proposal on SISM Group                                                                 2024          the 2025-2029 Corporate Plan
                                                     Agus Dwi Handaya            Present                                  2. Update HCEOM Group                Alexandra Askandar       Present
                                                                                                                          3. Risk Management Proposal
                                                     Riduan                      Present                                                                       Agus Dwi Handaya         Present

                                                     Aquarius Rudianto           Present                                                                       Riduan                   Present

                                                     Toni E. B. Subari           Present                                                                       Aquarius Rudianto        Present

                                                     Susana Indah K. Indriati    Present                                                                       Toni E. B. Subari        Present

                                                     Rohan Hafas                 Present                                                                       Rohan Hafas              Present

                                                     Sigit Prastowo              Present                                                                       Sigit Prastowo           Present

                                                     Timothy Utama               Present                                                                       Timothy Utama            Present

                                                     Eka Fitria                  Present                                                                       Eka Fitria               Present

 12   4 March 2024 1. General Discussion: Update     Darmawan Junaidi            Present                                                                       Danis Subyantoro*        Present
                      on the Company's Latest
                      Developments                   Alexandra Askandar          Present                                                                       Totok Priyambodo*        Present

                                                     Agus Dwi Handaya            Present                 15    25 March   1. Proposal on Human Capital         Darmawan Junaidi         Present
                                                                                                               2024       2. Update Office of Chief
                                                     Riduan                      Present                                     Economist                         Alexandra Askandar       Present
                                                                                                                          3. Financial Performance
                                                     Aquarius Rudianto           Present                                                                       Agus Dwi Handaya         Present
                                                                                                                             February 2024
                                                     Toni E. B. Subari           Present                                  4. Update on IT System               Riduan                   Present
                                                                                                                             Preparation and Operations
                                                     Susana Indah K. Indriati    Present                                     Ahead of Eid Al-Fitr 2024         Aquarius Rudianto        Present
                                                                                                                          5. General Discussion: a. Update
                                                     Rohan Hafas                 Present                                     on the Company's Latest           Toni E. B. Subari        Present
                                                                                                                             Developments
                                                     Sigit Prastowo              Present                                                                       Rohan Hafas              Present
                                                                                                                          6. General Discussion: b.
                                                     Timothy Utama               Present                                     Update on Digital Platform        Sigit Prastowo           Present
                                                                                                                             Development
                                                     Eka Fitria                  Present                                                                       Timothy Utama            Present

 13   13 March                                       Darmawan Junaidi            Present                                                                       Eka Fitria               Present
      2024
                                                     Alexandra Askandar          Present                                                                       Danis Subyantoro*        Present

                                                     Agus Dwi Handaya            Present                                                                       Totok Priyambodo*        Present

                                                     Riduan                      Present

                                                     Aquarius Rudianto           Present

                                                     Toni E. B. Subari           Present




PT BANK MANDIRI (PERSERO) TBK                          776                                                                                                     777                                ANNUAL REPORT 2024
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BOARD OF DIRECTORS                                                                                                                                                                          BOARD OF DIRECTORS




                                                                                            Reasons for                                                                                               Reasons for
No.       Date              Meeting Agenda                Meeting Participants   Presence                 No.      Date             Meeting Agenda                Meeting Participants   Presence
                                                                                             Absence                                                                                                   Absence
 16   1 April 2024    1. General Discussion: Update      Darmawan Junaidi         Present                                                                        Eka Fitria               Present
                         on the Company's Latest
                         Developments                    Alexandra Askandar       Present                                                                        Danis Subyantoro*        Present
                      2. Update Stress Testing Bank
                                                         Agus Dwi Handaya         Present                                                                        Totok Priyambodo*        Present
                         Mandiri Quarter IV 2023
                      3. Proposal on Corporate Banking   Riduan                   Present                 19    6 May 2024    1. General Discussion: Update      Darmawan Junaidi         Present
                                                                                                                                 on the Company's Latest
                                                         Aquarius Rudianto        Present                                        Developments                    Alexandra Askandar       Present
                                                                                                                              2. Update Investor Relations
                                                         Toni E. B. Subari        Present                                                                        Agus Dwi Handaya         Present

                                                         Rohan Hafas              Present                                                                        Riduan                   Present

                                                         Sigit Prastowo           Present                                                                        Aquarius Rudianto        Present

                                                         Timothy Utama            Present                                                                        Toni E. B. Subari        Present

                                                         Eka Fitria               Present                                                                        Rohan Hafas              Present

                                                         Danis Subyantoro*        Present                                                                        Sigit Prastowo           Present

                                                         Totok Priyambodo*        Present                                                                        Timothy Utama            Present

 17   23 April 2024   1. Proposal on Human Capital       Darmawan Junaidi         Present                                                                        Eka Fitria               Present
                      2. General Discussion: Update
                         on the Company's Latest         Alexandra Askandar       Present                                                                        Danis Subyantoro*        Present
                         Developments
                                                         Agus Dwi Handaya         Present                                                                        Totok Priyambodo*        Absent        Permission
                      3. Financial Performance March
                         2024                            Riduan                   Present                 20    13 May 2024   1. General Discussion: a. Update   Darmawan Junaidi         Present
                      4. Update Stress Testing Bank                                                                              on the Company's Latest
                         Mandiri Quarter IV 2023         Aquarius Rudianto        Present                                        Developments                    Alexandra Askandar       Absent          Leave
                                                                                                                              2. General Discussion: b.
                                                         Toni E. B. Subari        Present                                                                        Agus Dwi Handaya         Present
                                                                                                                                 Transformation Project Update
                                                         Rohan Hafas              Present                                                                        Riduan                   Present

                                                         Sigit Prastowo           Present                                                                        Aquarius Rudianto        Present

                                                         Timothy Utama            Present                                                                        Toni E. B. Subari        Present

                                                         Eka Fitria               Present                                                                        Rohan Hafas              Present

                                                         Danis Subyantoro*        Present                                                                        Sigit Prastowo           Present

                                                         Totok Priyambodo*        Present                                                                        Timothy Utama            Present

 18   29 April 2024   1. General Discussion: Update      Darmawan Junaidi         Present                                                                        Eka Fitria               Present
                         on the Company’s Latest
                         Developments                    Alexandra Askandar       Present                                                                        Danis Subyantoro*        Present
                      2. Update on Preparation for
                                                         Agus Dwi Handaya         Present                                                                        Totok Priyambodo*        Present
                         Public Expose & Analyst
                         Meeting Q1 2024                 Riduan                   Present                 21    31 May 2024   Proposal on Human Capital          Darmawan Junaidi         Present

                                                         Aquarius Rudianto        Present                                                                        Alexandra Askandar       Present

                                                         Toni E. B. Subari        Present                                                                        Agus Dwi Handaya         Absent          Leave

                                                         Rohan Hafas              Present                                                                        Riduan                   Present

                                                         Sigit Prastowo           Present                                                                        Aquarius Rudianto        Present

                                                         Timothy Utama            Present                                                                        Toni E. B. Subari        Present




PT BANK MANDIRI (PERSERO) TBK                              778                                                                                                   779                                ANNUAL REPORT 2024
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BOARD OF DIRECTORS                                                                                                                                                                           BOARD OF DIRECTORS




                                                                                           Reasons for                                                                                                 Reasons for
No.       Date              Meeting Agenda               Meeting Participants   Presence                 No.      Date              Meeting Agenda                 Meeting Participants   Presence
                                                                                            Absence                                                                                                     Absence
                                                        Rohan Hafas              Present                 24    10 June 2024   1. General Discussion: a. Update    Darmawan Junaidi         Present
                                                                                                                                 on the Company's Latest
                                                        Sigit Prastowo           Present                                         Developments                     Alexandra Askandar       Present
                                                                                                                              2. General Discussion: b. Mandiri
                                                        Timothy Utama            Present                                                                          Agus Dwi Handaya         Present
                                                                                                                                 Jogja Marathon 2024 Update
                                                        Eka Fitria               Present                                      3. General Discussion: c. Update    Riduan                   Present
                                                                                                                                 Mandiri Leadership Forum 2024
                                                        Danis Subyantoro*        Present                                      4. Proposal on Human Capital        Aquarius Rudianto        Present
                                                                                                                              5. IT Proposal
                                                        Totok Priyambodo*        Present                                                                          Toni E. B. Subari        Present

 22   31 May 2024    Financial Performance April 2024   Darmawan Junaidi         Present                                                                          Rohan Hafas              Present
      (Eraser)
                                                        Alexandra Askandar       Present                                                                          Sigit Prastowo           Absent          Leave

                                                        Agus Dwi Handaya         Absent      Leave                                                                Timothy Utama            Present

                                                        Riduan                   Present                                                                          Eka Fitria               Present

                                                        Aquarius Rudianto        Present                                                                          Danis Subyantoro*        Present

                                                        Toni E. B. Subari        Present                                                                          Totok Priyambodo*        Present

                                                        Rohan Hafas              Present                 25    20 June 2024   1. General Discussion: Update    Darmawan Junaidi            Present
                                                                                                                                 on the Company's Latest
                                                        Sigit Prastowo           Present                                         Developments                  Alexandra Askandar          Present
                                                                                                                              2. Proposed RKAP 2024 Revision &
                                                        Timothy Utama            Present                                                                       Agus Dwi Handaya            Present
                                                                                                                                 RBB 2024-2026 Revision
                                                        Eka Fitria               Present                                                                          Riduan                   Present

                                                        Danis Subyantoro*        Present                                                                          Aquarius Rudianto        Present

                                                        Totok Priyambodo*        Present                                                                          Toni E. B. Subari        Present

 23   6 June 2024    1. General Discussion: a. Update   Darmawan Junaidi         Present                                                                          Rohan Hafas              Present
                        on the Company's Latest
                        Developments                    Alexandra Askandar       Present                                                                          Sigit Prastowo           Absent          Leave
                     2. General Discussion: b.
                                                        Agus Dwi Handaya         Present                                                                          Timothy Utama            Present
                        Transformation Project Update
                                                        Riduan                   Present                                                                          Eka Fitria               Present

                                                        Aquarius Rudianto        Present                                                                          Danis Subyantoro*        Present

                                                        Toni E. B. Subari        Present                                                                          Totok Priyambodo*        Present

                                                        Rohan Hafas              Present                 26    26 June 2024   Financial Performance May 2024      Darmawan Junaidi         Present

                                                        Sigit Prastowo           Absent      Leave                                                                Alexandra Askandar       Present

                                                        Timothy Utama            Present                                                                          Agus Dwi Handaya         Present

                                                        Eka Fitria               Present                                                                          Riduan                   Present

                                                        Danis Subyantoro*        Present                                                                          Aquarius Rudianto        Present

                                                        Totok Priyambodo*        Present                                                                          Toni E. B. Subari        Present

                                                                                                                                                                  Rohan Hafas              Present

                                                                                                                                                                  Sigit Prastowo           Absent          Leave

                                                                                                                                                                  Timothy Utama            Present




PT BANK MANDIRI (PERSERO) TBK                             780                                                                                                     781                                ANNUAL REPORT 2024
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BOARD OF DIRECTORS                                                                                                                                                                        BOARD OF DIRECTORS




                                                                                            Reasons for                                                                                             Reasons for
No.       Date              Meeting Agenda                Meeting Participants   Presence                 No.      Date           Meeting Agenda                Meeting Participants   Presence
                                                                                             Absence                                                                                                 Absence
                                                         Eka Fitria               Present                                                                      Sigit Prastowo           Present

                                                         Danis Subyantoro*        Present                                                                      Timothy Utama            Present

                                                         Totok Priyambodo*        Present                                                                      Eka Fitria               Present

 27   1 July 2024    1. General Discussion: Update       Darmawan Junaidi         Present                                                                      Danis Subyantoro*        Present
                        on the Company's Latest
                        Developments                     Alexandra Askandar       Present                                                                      Totok Priyambodo*        Present
                     2. Update Stress Testing Bank
                                                         Agus Dwi Handaya         Present                 30    7 August    1. General Discussion: Update      Darmawan Junaidi         Present
                        Mandiri Quarter I 2024
                                                                                                                2024           on the Company's Latest
                                                         Riduan                   Present                                      Developments                    Alexandra Askandar       Present
                                                                                                                            2. Risk Management Proposal
                                                         Aquarius Rudianto        Present                                                                      Agus Dwi Handaya         Present
                                                                                                                            3. Agenda Corporate Banking
                                                         Toni E. B. Subari        Present                                   4. Proposal on Corporate           Riduan                   Present
                                                                                                                               Secretary
                                                         Rohan Hafas              Present                                                                      Aquarius Rudianto        Present

                                                         Sigit Prastowo           Present                                                                      Toni E. B. Subari        Present

                                                         Timothy Utama            Present                                                                      Rohan Hafas              Present

                                                         Eka Fitria               Present                                                                      Sigit Prastowo           Present

                                                         Danis Subyantoro*        Present                                                                      Timothy Utama            Present

                                                         Totok Priyambodo*        Present                                                                      Eka Fitria               Present

 28   17 July 2024   1. General Discussion: Update       Darmawan Junaidi         Present                                                                      Danis Subyantoro*        Present
                        on the Company's Latest
                        Developments                     Alexandra Askandar       Present                                                                      Totok Priyambodo*        Present
                     2. Proposal on Human Capital
                                                         Agus Dwi Handaya         Present                 31    13 August   1. General Discussion:             Darmawan Junaidi         Present
                                                                                                                2024           Transformation Project Update
                                                         Riduan                   Present                                   2. Corporate Communication         Alexandra Askandar       Present
                                                                                                                               Agenda
                                                         Aquarius Rudianto        Present                                                                      Agus Dwi Handaya         Present

                                                         Toni E. B. Subari        Present                                                                      Riduan                   Present

                                                         Rohan Hafas              Present                                                                      Aquarius Rudianto        Present

                                                         Sigit Prastowo           Present                                                                      Toni E. B. Subari        Present

                                                         Timothy Utama            Present                                                                      Rohan Hafas              Present

                                                         Eka Fitria               Present                                                                      Sigit Prastowo           Present

                                                         Danis Subyantoro*        Present                                                                      Timothy Utama            Present

                                                         Totok Priyambodo*        Present                                                                      Eka Fitria               Present

 29   22 July 2024   1. Proposal on SISM Group           Darmawan Junaidi         Present                                                                      Danis Subyantoro*        Present
                     2. Financial Agenda: a. Financial
                        Performance June 2024            Alexandra Askandar       Present                                                                      Totok Priyambodo*        Present
                     3. Financial Agenda: b. Update
                                                         Agus Dwi Handaya         Present                 32    19 August   1. General Discussion: a. Update   Darmawan Junaidi         Present
                        on the Preparation of the
                                                                                                                2024           on the Company’s Latest
                        Public Expose & Analyst          Riduan                   Present                                                                      Alexandra Askandar       Present
                                                                                                                               Developments
                        Meeting Q2 2024
                                                                                                                            2. General Discussion: b. Risk
                                                         Aquarius Rudianto        Absent     Permission                                                        Agus Dwi Handaya         Present
                                                                                                                               Management Proposal
                                                         Toni E. B. Subari        Present                                   3. General Discussion: c.          Riduan                   Present
                                                                                                                               Update on Digital Platform
                                                         Rohan Hafas              Present                                      Development                     Aquarius Rudianto        Present

                                                                                                                                                               Toni E. B. Subari        Present




PT BANK MANDIRI (PERSERO) TBK                              782                                                                                                 783                                ANNUAL REPORT 2024
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BOARD OF DIRECTORS                                                                                                                                                                           BOARD OF DIRECTORS




                                                                                              Reasons for                                                                                              Reasons for
No.       Date              Meeting Agenda                  Meeting Participants   Presence                 No.      Date            Meeting Agenda                Meeting Participants   Presence
                                                                                               Absence                                                                                                  Absence
                                                           Rohan Hafas              Present                 35    11          1. General Discussion: Update       Darmawan Junaidi         Present
                                                                                                                  September      on the Company's Latest
                                                           Sigit Prastowo           Present                       2024           Developments                     Alexandra Askandar       Present
                                                                                                                              2. Bank Mandiri Stress Testing
                                                           Timothy Utama            Present                                                                       Agus Dwi Handaya         Present
                                                                                                                                 Update Quarter II 2024
                                                           Eka Fitria               Present                                   3. Risk Management Update           Riduan                   Present

                                                           Danis Subyantoro*        Present                                                                       Aquarius Rudianto        Present

                                                           Totok Priyambodo*        Absent     Permission                                                         Toni E. B. Subari        Present

 33   26 August      1. General Discussion: Update         Darmawan Junaidi         Present                                                                       Rohan Hafas              Present
      2024              on the Company's Latest
                        Developments                       Alexandra Askandar       Present                                                                       Sigit Prastowo           Present
                     2. Proposal on Human Capital
                                                           Agus Dwi Handaya         Present                                                                       Timothy Utama            Present
                     3. Financial Performance July
                        2024                               Riduan                   Present                                                                       Eka Fitria               Present

                                                           Aquarius Rudianto        Present                                                                       Danis Subyantoro         Present

                                                           Toni E. B. Subari        Present                                                                       Totok Priyambodo         Present

                                                           Rohan Hafas              Present                 36    17          Proposed Corporate Plan of Bank     Darmawan Junaidi         Present
                                                                                                                  September   Mandiri 2025 - 2029
                                                           Sigit Prastowo           Present                       2024                                            Alexandra Askandar       Present

                                                           Timothy Utama            Present                                                                       Agus Dwi Handaya         Present

                                                           Eka Fitria               Present                                                                       Riduan                   Present

                                                           Danis Subyantoro*        Present                                                                       Aquarius Rudianto        Present

                                                           Totok Priyambodo*        Present                                                                       Toni E. B. Subari        Present

 34   4 September    1. General Discussion: a. Update      Darmawan Junaidi         Present                                                                       Rohan Hafas              Present
      2024              on the Company's Latest
                        Developments                       Alexandra Askandar       Present                                                                       Sigit Prastowo           Present
                     2. General Discussion: b. Effective
                                                           Agus Dwi Handaya         Present                                                                       Timothy Utama            Present
                        Position of the Board of
                        Directors and Arrangement of       Riduan                   Present                                                                       Eka Fitria               Present
                        Alternate Directors
                     3. General Discussion: c.             Aquarius Rudianto        Present                                                                       Danis Subyantoro         Present
                        Update on Digital Platform
                        Development                        Toni E. B. Subari        Present                                                                       Totok Priyambodo         Present
                     4. IT Proposal
                                                           Rohan Hafas              Absent     Permission   37    30          1. Financial Performance August     Darmawan Junaidi         Present
                     5. Proposal on Digital Marketing                                                             September      2024
                                                           Sigit Prastowo           Present                       2024        2. Update on the Series of          Alexandra Askandar       Present
                                                                                                                  (Eraser)       Events for Bank Mandiri’s 26th
                                                           Timothy Utama            Present                                                                       Agus Dwi Handaya         Present
                                                                                                                                 Anniversary
                                                           Eka Fitria               Present                                                                       Riduan                   Present

                                                           Danis Subyantoro         Present                                                                       Aquarius Rudianto        Present

                                                           Totok Priyambodo         Present                                                                       Toni E. B. Subari        Present

                                                                                                                                                                  Rohan Hafas              Present

                                                                                                                                                                  Sigit Prastowo           Present

                                                                                                                                                                  Timothy Utama            Present




PT BANK MANDIRI (PERSERO) TBK                                784                                                                                                  785                                ANNUAL REPORT 2024
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BOARD OF DIRECTORS                                                                                                                                                                     BOARD OF DIRECTORS




                                                                                         Reasons for                                                                                             Reasons for
No.       Date              Meeting Agenda             Meeting Participants   Presence                 No.      Date             Meeting Agenda              Meeting Participants   Presence
                                                                                          Absence                                                                                                 Absence
                                                      Eka Fitria               Present                                                                      Rohan Hafas              Absent        Permission

                                                      Danis Subyantoro         Present                                                                      Sigit Prastowo           Present

                                                      Totok Priyambodo         Present                                                                      Timothy Utama            Present

 38   01 October     1. General Discussion: Update    Darmawan Junaidi         Absent     Permission                                                        Eka Fitria               Present
      2024              on the Company's Latest
                        Developments                  Alexandra Askandar       Present                                                                      Danis Subyantoro         Present
                     2. Proposal on Corporate Banking
                                                      Agus Dwi Handaya         Present                                                                      Totok Priyambodo         Present

                                                      Riduan                   Present                 41    28 October   1. Proposal on Human Capital      Darmawan Junaidi         Present
                                                                                                             2024         2. Bank Mandiri Recovery &
                                                      Aquarius Rudianto        Present                                       Resolution Plan Update for     Alexandra Askandar       Present
                                                                                                                             2024
                                                      Toni E. B. Subari        Present                                                                      Agus Dwi Handaya         Present
                                                                                                                          3. Update on the Preparation
                                                      Rohan Hafas              Present                                       of Public Expose and Analyst   Riduan                   Present
                                                                                                                             Meeting 3Q 2024
                                                      Sigit Prastowo           Present                                                                      Aquarius Rudianto        Present

                                                      Timothy Utama            Present                                                                      Toni E. B. Subari        Present

                                                      Eka Fitria               Present                                                                      Rohan Hafas              Present

                                                      Danis Subyantoro         Present                                                                      Sigit Prastowo           Present

                                                      Totok Priyambodo         Present                                                                      Timothy Utama            Present

 39   08 October     1. General Discussion: Update    Darmawan Junaidi         Present                                                                      Eka Fitria               Present
      2024              on the Company's Latest
                        Developments                  Alexandra Askandar       Present                                                                      Danis Subyantoro         Present
                     2. Proposal on Human Capital
                                                      Agus Dwi Handaya         Present                                                                      Totok Priyambodo         Present

                                                      Riduan                   Present                 42    04 November 1. General Discussion: a. Update   Darmawan Junaidi         Present
                                                                                                             2024           on the Company's Latest
                                                      Aquarius Rudianto        Present                                      Developments                    Alexandra Askandar       Present
                                                                                                                         2. General Discussion: b.
                                                      Toni E. B. Subari        Present                                                                      Agus Dwi Handaya         Present
                                                                                                                            Proposed Alternate SEVP
                                                      Rohan Hafas              Present                                      Arrangement                     Riduan                   Present
                                                                                                                         3. Kick-Off RKAP 2025 and RBB
                                                      Sigit Prastowo           Present                                      2025-2027                       Aquarius Rudianto        Present
                                                                                                                         4. Proposed Sustainable Finance
                                                      Timothy Utama            Present                                      Action Plan (RAKB) 2025-2029    Toni E. B. Subari        Present
                                                                                                                         5. Proposal on SISM Group
                                                      Eka Fitria               Present                                                                      Rohan Hafas              Present

                                                      Danis Subyantoro         Present                                                                      Sigit Prastowo           Present

                                                      Totok Priyambodo         Present                                                                      Timothy Utama            Absent          Leave

 40   21 October     1. General Discussion: Update    Darmawan Junaidi         Present                                                                      Eka Fitria               Present
      2024              on the Company’s Latest
                        Developments                  Alexandra Askandar       Present                                                                      Danis Subyantoro         Present
                     2. Financial Performance
                                                      Agus Dwi Handaya         Present                                                                      Totok Priyambodo         Present
                        September 2024
                     3. Bank Mandiri Stress Testing   Riduan                   Present
                        Update Quarter II 2024
                                                      Aquarius Rudianto        Present

                                                      Toni E. B. Subari        Present




PT BANK MANDIRI (PERSERO) TBK                           786                                                                                                 787                                ANNUAL REPORT 2024
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BOARD OF DIRECTORS                                                                                                                                                                 BOARD OF DIRECTORS




                                                                                      Reasons for                                                                                            Reasons for
No.       Date              Meeting Agenda          Meeting Participants   Presence                 No.      Date             Meeting Agenda             Meeting Participants   Presence
                                                                                       Absence                                                                                                Absence
 43   07 November Proposed RKAP 2025 and RBB       Darmawan Junaidi         Present                                                                     Danis Subyantoro         Present
      2024        2025-2027
                                                   Alexandra Askandar       Present                                                                     Totok Priyambodo         Present

                                                   Agus Dwi Handaya         Present                 46    09 December 1. Market Update                  Darmawan Junaidi         Present
                                                                                                          2024        2. Update on the Implementation
                                                   Riduan                   Present                                      of Bank Mandiri National       Alexandra Askandar       Present
                                                                                                                         Meeting
                                                   Aquarius Rudianto        Present                                                                     Agus Dwi Handaya         Present
                                                                                                                      3. Update Mandiri Investment
                                                   Toni E. B. Subari        Present                                      Forum 2025                     Riduan                   Absent          Leave
                                                                                                                      4. Update Treasury
                                                   Rohan Hafas              Present                                                                     Aquarius Rudianto        Present

                                                   Sigit Prastowo           Present                                                                     Toni E. B. Subari        Present

                                                   Timothy Utama            Absent      Leave                                                           Rohan Hafas              Present

                                                   Eka Fitria               Present                                                                     Sigit Prastowo           Present

                                                   Danis Subyantoro         Present                                                                     Timothy Utama            Present

                                                   Totok Priyambodo         Present                                                                     Eka Fitria               Present

 44   11 November 1. General Discussion: Update    Darmawan Junaidi         Present                                                                     Danis Subyantoro         Present
      2024           on the Company's Latest
                     Developments                  Alexandra Askandar       Present                                                                     Totok Priyambodo         Present
                  2. Proposal on Human Capital
                                                   Agus Dwi Handaya         Present                 47    11 December Risk Management Proposal          Darmawan Junaidi         Present
                  3. Update on Corporate Banking
                                                                                                          2024
                     Plan 2025                     Riduan                   Present                                                                     Alexandra Askandar       Present

                                                   Aquarius Rudianto        Present                                                                     Agus Dwi Handaya         Present

                                                   Toni E. B. Subari        Present                                                                     Riduan                   Absent          Leave

                                                   Rohan Hafas              Present                                                                     Aquarius Rudianto        Present

                                                   Sigit Prastowo           Present                                                                     Toni E. B. Subari        Present

                                                   Timothy Utama            Present                                                                     Rohan Hafas              Present

                                                   Eka Fitria               Present                                                                     Sigit Prastowo           Present

                                                   Danis Subyantoro         Present                                                                     Timothy Utama            Present

                                                   Totok Priyambodo         Present                                                                     Eka Fitria               Present

 45   18 November 1. Financial Performance         Darmawan Junaidi         Present                                                                     Danis Subyantoro         Present
      2024           October 2024
                  2. Update on the Plan of         Alexandra Askandar       Present                                                                     Totok Priyambodo         Present
                     Commercial Banking 2025
                                                   Agus Dwi Handaya         Present                 48    16 December 1. General Discussion: Update     Darmawan Junaidi         Present
                                                                                                          2024           on the Company’s Latest
                                                   Riduan                   Present                                      Developments                   Alexandra Askandar       Present
                                                                                                                      2. Financial Performance
                                                   Aquarius Rudianto        Present                                                                     Agus Dwi Handaya         Present
                                                                                                                         November 2024
                                                   Toni E. B. Subari        Present                                                                     Riduan                   Present

                                                   Rohan Hafas              Present                                                                     Aquarius Rudianto        Present

                                                   Sigit Prastowo           Present                                                                     Toni E. B. Subari        Present

                                                   Timothy Utama            Present                                                                     Rohan Hafas              Present

                                                   Eka Fitria               Present                                                                     Sigit Prastowo           Present




PT BANK MANDIRI (PERSERO) TBK                        788                                                                                                789                                ANNUAL REPORT 2024
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BOARD OF DIRECTORS                                                                                                                                                                                                      BOARD OF DIRECTORS




No.          Date                 Meeting Agenda                     Meeting Participants       Presence
                                                                                                               Reasons for            BOARD OF DIRECTORS DECISIONS
                                                                                                                Absence
                                                                                                                                      AND IMPLEMENTATION OF DUTIES
                                                                    Timothy Utama                   Present

                                                                    Eka Fitria                      Present

                                                                    Danis Subyantoro                Present

                                                                    Totok Priyambodo                Present
                                                                                                                               Throughout 2024, the Board of Directors has diligently fulfilled its duties,
                                                                                                                               obligations, and responsibilities in managing the Company. These
Meeting Frequency and Attendance                                                                                               efforts were carried out in accordance with prevailing laws and
                                                                                                                               regulations, the Company’s Articles of Association, and the Work
In 2024, the Board of Directors held 48 (forty-eight) meetings. The frequency and attendance of Director’s
                                                                                                                               Plan established at the beginning of the year.
meetings is as below.


                                                                                           Board of Directors Meeting
             Name                            Position                       Period           Total            Total      %
                                                                                                                               The general implementation of the Board of Directors duties in 2024 were as followed:
                                                                                            Meeting       Attendance           1. Drafting the Bank Business Plan.
Darmawan Junaidi                President Director                   1 Jan - 31 Dec 2024       48             47        98%    2. Fulfilling of the Bank’s performance targets.
Alexandra Askandar              Vice President Director              1 Jan - 31 Dec 2024       48             43        90%    3. Drafting the 2024-2028 Sustainable Finance Action Plan (SFAP).
                                                                                                                               4. Managing Assets and Financial.
Agus Dwi Handaya                Director of Compliance & HR          1 Jan - 31 Dec 2024       48             45        94%
                                                                                                                               5. Organizing Board of Directors meetings. During 2024, 48 (forty eight) Board of Directors Meetings
Riduan                          Director of Commercial               1 Jan - 7 Mar 2024        48             46        96%        were held, consisting of 45 (forty five) Board of Directors Meetings and 3 (three) Joint Meetings (the
                                Banking
                                                                                                                                   Board of Directors invited the Board of Commissioners) were conducted.
                                Director of Corporate Banking 8 Mar - 31 Dec 2024                                              6. Attending Board of Commissioners meetings.
Aquarius Rudianto               Director of Network & Retail         1 Jan - 31 Dec 2024       48             45        94%    7. Implementing General Meeting of Shareholders. In 2024, the General Meetings of Shareholders were
                                Banking
                                                                                                                                   held 1 (one) time, on 7 March 2024.
Toni E. B. Subari               Director of Operation                1 Jan - 31 Dec 2024       48             47        98%    8. Supervising and improving internal business processes.
Rohan Hafas                     Director of Institutional            1 Jan - 31 Dec 2024       48             43        90%    9. Implementing Good Corporate Governance in every business activity.
                                Relations                                                                                      10. Drafting the IT management/ development initiatives and cyber-security.
Sigit Prastowo                  Director of Finance &                1 Jan - 31 Dec 2024       48             44        92%    11. Participating actively as one of the first movers in the implementation of Sustainable Finance in
                                Strategies                                                                                         Indonesia by participating in the Indonesian Sustainable Finance Initiative (IKBI).
Timothy Utama                   Director of Information              1 Jan - 31 Dec 2024       48             42        88%    12. Funds disbursement for the social and environmental program to elevate the community wellbeing
                                Technology                                                                                         and environment preservation.
Eka Fitria                      Director of Treasury &               1 Jan - 31 Dec 2024       48             48        100%   13. Implementing other duties related to the management of the Bank.
                                International Banking
Danis Subyantoro*               Director of Risk Management          8 Mar - 31 Dec 2024       36             36        100%   The following are decrees issued by the Board of Directors in 2024:
Totok Priyambodo*               Director of Commercial               8 Mar -31 Dec 2024        36             34        94%           Date                                                     Subject
                                Banking
                                                                                                                               23 January 2024     Establishment of the General Tender Committee for the Contractor Services Procurement for the
Ahmad Siddik Badruddin Director of Risk Management                   1 Jan - 31 Jan 2024       6              6         100%                       Interior Construction of the IT Office Building in Bumi Slipi
Susana Indah K. Indriati        Director of Corporate Banking 1 Jan - 7 Mar 2024               12             10        83%
                                                                                                                               31 January 2024     Formation of the Steering and Implementation Teams for the Annual General Meeting of Shareholders
*) Appointed as Director since the Annual GMS dated 7 March 2024.                                                                                  for the Fiscal Year 2023 of PT Bank Mandiri (Persero) Tbk.

                                                                                                                               05 February 2024    Adjustment of Replacement Directors for the Risk Management Director
Joint Meeting of Directors and Board of Commissioners                                                                          21 February 2024    Approval of Committee Membership for Integrated Governance

The frequency and attendance of meetings of the Directors with the Board of Commissioners are                                  21 February 2024    Approval of the Membership of the Remuneration and Nomination Committee of PT Bank Mandiri
                                                                                                                                                   (Persero) Tbk.
presented in the above table.




PT BANK MANDIRI (PERSERO) TBK                                         790                                                                                                           791                                         ANNUAL REPORT 2024
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BOARD OF DIRECTORS                                                                                                                                                                                                   BOARD OF DIRECTORS




        Date                                                       Subject                                                          Date                                                    Subject

22 February 2024      Formation of the General Tender Committee for Contractor Services Procurement for the Revitalization   22 May 2024        Executive Committee​​
                      and Adaptation of the Sentra Mandiri Building D
                                                                                                                             04 June 2024       Joint Decision of PT Bank Mandiri (Persero) as the Founder of Bank Mandiri Pension Fund and the
22 February 2024      Formation of the General Tender Committee for Contractor Services Procurement for Landscape                               Supervisory Board of Bank Mandiri Pension Fund One regarding Investment Guidelines for Bank
                      Renovation at Plaza Mandiri, Jakarta                                                                                      Mandiri Pension Fund Four

22 February 2024      Formation of the General Tender Committee for ATM Cleaning and Maintenance Services                    04 June 2024       Joint Decision of PT Bank Mandiri (Persero) as the Founder of Bank Mandiri Pension Fund and the
                      Procurement for Regions III, IV, and V in 2024                                                                            Supervisory Board of Bank Mandiri Pension Fund One regarding Investment Guidelines for Bank
                                                                                                                                                Mandiri Pension Fund Three
28 February 2024      Termination of Employees due to Appointment as Directors of a State-Owned Enterprise (BUMN)
                                                                                                                             04 June 2024       Joint Decision of PT Bank Mandiri (Persero) as the Founder of Bank Mandiri Pension Fund and the
14 March 2024         Assignment of Duties and Authority among Members of the Board of Directors and Designation of                             Supervisory Board of Bank Mandiri Pension Fund One regarding Investment Guidelines for Bank
                      Replacement Directors, Regional Supervising Directors, and Subsidiary Supervising Directors                               Mandiri Pension Fund Two
14 March 2024         Assignment as an Executive in Charge of Commercial Banking                                             04 June 2024       Joint Decision of PT Bank Mandiri (Persero) as the Founder of Bank Mandiri Pension Fund and the
                                                                                                                                                Supervisory Board of Bank Mandiri Pension Fund One regarding Investment Guidelines for Bank
14 March 2024         Assignment as an Executive in Charge of Risk Management                                                                   Mandiri Pension Fund One
28 March 2024         Termination of Employees Due to Appointment as Directors of a State-Owned Enterprise (BUMN)            04 June 2024       Joint Decision of PT Bank Mandiri (Persero) Tbk. as the Founder of Bank Mandiri Pension Fund and
05 April 2024         Establishment of the Membership of the Remuneration and Nomination Committee                                              the Supervisory Board of Bank Mandiri Pension Fund regarding Investment Guidelines for Bank
                                                                                                                                                Mandiri Pension Fund
05 April 2024         Establishment of the Membership of the Integrated Governance Committee
                                                                                                                             13 June 2024       Establishment of the Tender Committee for Contractor Procurement for the Sulawesi Manado
05 April 2024         Establishment of the Membership of the Risk Oversight Committee                                                           Cluster Development

05 April 2024         Establishment of the Membership of the Audit Committee                                                 13 June 2024       Establishment of the Tender Committee for Contractor Procurement for the Interior Work of the
                                                                                                                                                DRC Injoko Building
16 April 2024         Formation of the General Tender Committee for Contractor Services Procurement for the Office
                      Building on Jl. Tanjung, Pandansari, Semarang                                                          13 June 2024       Establishment of the Tender Committee for Contractor Procurement for the Construction of the
                                                                                                                                                Alam Sutera Tangerang Office Building
16 April 2024         Formation of the General Tender Committee for Contractor Services Procurement for the Mechanical
                      and Electrical Work of the Data Center at the Disaster Recovery Center Injoko Surabaya                 08 July 2024       Establishment of the Tender Committee for Contractor Procurement for the Construction of the
                                                                                                                                                Palembang Financial Center Building
16 April 2024         Appointment and Designation of SEVP PT Bank Mandiri (Persero) Tbk
                                                                                                                             17 July 2024       Organizational Structure
16 April 2024         Appointment and Designation of SEVP PT Bank Mandiri (Persero) Tbk
                                                                                                                             18 July 2024       Establishment of the Tender Committee for Contractor Procurement for the Construction of the
23 April 2024         Request for Signing of the Board of Directors’ Decision                                                                   Mandiri Financial Center Building in PIK 2

20 May 2024           Formation of the General Tender Committee for Contractor Services Procurement for the Construction     18 July 2024       Appointment of an Interim Supervisory Director for L2 Functions (Group/Equivalent) under the SEVP
                      of Flats on Pulau Sayang Denpasar, Bali, and Flats in Kupang, NTT                                                         Corporate Relation Organization

21 May 2024           Formation of the General Tender Committee for the Second Phase Construction of the Mandiri             26 July 2024       Establishment of the Tender Committee for Contractor Procurement for the Construction of
                      Wijayakusuma Tower                                                                                                        Mulawarman Tarakan Flats

22 May 2024           Integrated Governance                                                                                  12 August 2024     Establishment of the Tender Committee for Contractor Procurement for the Construction of Injoko
                                                                                                                                                Surabaya Flats
22 May 2024           Risk Oversight Committee (ROC)
                                                                                                                             26 August 2024     Employee Termination Due to Appointment as Director of a State-Owned Enterprise (SOE)
22 May 2024           ​Transformation Committee (TFC)
                                                                                                                             30 August 2024     Establishment of the Tender Committee for Contractor Procurement for the Construction of Samirono
22 May 2024           Policy & Procedure Committee (PPC)​                                                                                       Yogyakarta Flats and Sosrokartono Kudus Flats
22 May 2024           ​Integrated Risk Committee (IRC)                                                                       02 October 2024    Business Committee
22 May 2024           Human Capital Policy Committee (HCPC)​                                                                 02 October 2024    Credit Policy Committee
22 May 2024           Capital & Subsidiaries Committee (CSC)​                                                                02 October 2024    Policy & Procedure Committee
22 May 2024           ​Business Committee (BC)                                                                               09 October 2024    Establishment of the Team and Reviewer for the Procurement of Public Accountant (AP) and Public
                                                                                                                                                Accounting Firm (KAP) Services to conduct audits of PT Bank Mandiri (Persero) Tbk's Consolidated
22 May 2024           Assets & Liabilities Management Committee (ALCO)​                                                                         Financial Statements, the Financial Statements of the Micro and Small Business Funding Program
                                                                                                                                                (PUMK) of PT Bank Mandiri (Persero) Tbk, and Other Assignments for the Year Ending 31 December
22 May 2024           Komite Tanggung Jawab Sosial Dan Lingkungan (TJSL)​
                                                                                                                                                2025 ("Procurement of AP and KAP Services for Bank Mandiri 2025")
22 May 2024           Information Technology & Digital Banking Committee (ITDC)
                                                                                                                             31 October 2024    Appointment and Designation of Senior Executive Vice President at PT Bank Mandiri (Persero) Tbk.
22 May 2024           Credit Policy Committee (CPC) ​
                                                                                                                             19 November 2024   Assignment of Duties and Authorities of the Board of Directors Members and Appointment of a
22 May 2024           Risk Management Committee (RMC) ​                                                                                         Replacement Director, Regional Supervisory Director, and Subsidiary Supervisory Director




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        Date                                                      Subject                                                        BOARD OF DIRECTORS
29 November 2024      Decision Letter Regarding Employee Termination Due to Resignation                                          PERFORMANCE ASSESSMENT
29 November 2024      Establishment of the Tender Committee for Contractor Services to Build the Mandiri Financial Center
                      Building in Bandung Surapati

29 November 2024      Structuring of SEVP Roles and Appointment of a Replacement SEVP

29 November 2024      Formation of the Joint Procurement Team for Renovation of the Sheldon Avenue Property in London       The performance assessment process for the Board of Directors is done
20 December 2024      Formation of the Tender Committee for the Contractor Services for Design & Build of Palbatu           based on the achievement of the Key Performance Indicators (KPIs) of
                      Apartments and Other Supporting Facilities
                                                                                                                            the Board of Directors, both individually and collectively. This assessment
23 December 2024      Appointment of a Group Head                                                                           is conducted by the Shareholders through the mechanism of the General
30 December 2024      ATTB TPA                                                                                              Meeting of Shareholders (GMS).
30 December 2024      ATTB TPH

30 December 2024      Determination of Integrated Governance Committee Membership


                                                                                                                            Individual Director Performance Assessment
Company Annual Strategy Review                                 The discussion forums focus on assessing
                                                               achievements, evaluating sustainability initiatives,                                 •   Achievement of collegial performance of the Board of Directors.
The Board of Directors is committed to enhancing               and establishing business directives to address                                      •   Fulfilment of internal control in every line of defense.
the Company’s performance for the upcoming                     current challenges and opportunities. The                                            •   Implementation of the Company’s Compliance as a Public Company.
                                                                                                                            President Director
                                                                                                                                                    •   Achievement of business volume growth in the region.
year through a comprehensive review of the                     inclusion of the RAKB ensures that the Company
                                                                                                                                                    •   Achievement of funding/Fee Based Income growth in the region.
annual strategy conducted at the end of the                    integrates sustainable finance principles into its                                   •   Achievement of digital transactions volume growth by customers in the region.
current year. In 2024, this strategic review was               strategies, aligning with regulatory requirements                                    •   Maintain Assets Quality/Performing Loans.
undertaken during Board of Directors meetings,                 and supporting long-term environmental, social,                                      •   Achievement of collegial performance of the Board of Directors.
focusing on refining plans to align with the                   and governance (ESG) objectives.                                                     •   Improvement of litigation settlement percentage compared to the previous year.
                                                                                                                            Vice President
Company’s goals and objectives.                                                                                                                     •   Achievement of Special Assets Management targets.
                                                                                                                            Director                •   Achievement of Loans Restructuring.
                                                               The drafting of the RKAP, which is based on the
                                                                                                                                                    •   Settlement of Non-Performing Loans.
Evaluation of the                                              RJPP and incorporates the RAKB, is conducted                                         •   Improvement of Non-Performing Loans Quality, to become Performing Loans.
Company’s Strategies                                           collaboratively and is then submitted to the Board
                                                                                                                                                    • Achievement of business volume growth of Commercial Banking segment.
                                                               of Commissioners for approval. This process ensures          Director of             • Achievement of funding/Fee Based Income growth in Commercial Banking segment.
The evaluation of the Company’s strategies is                  that the Company’s strategies are aligned with               Commercial Banking      • Achievement of customers digital transactions volume growth of Commercial Banking
an integral process to ensure alignment with the               its long-term goals, while also contributing to                                        segment.
Company’s Vision, Mission, and the prevailing                  sustainable development and responsible business                                     • Maintaining Assets Quality/Performing Loans.
business environment. This evaluation is conducted             practices.                                                                           • Achievement of business volume growth of Corporate Banking segment.
periodically, involving all Directors and executives                                                                        Director of Corporate   • Achievement of funding/Fee Based Income growth in Corporate Banking segment.
of Bank Mandiri, through discussion forums for the                                                                          Banking                 • Achievement of customers digital transactions volume growth of Corporate Banking
                                                                                                                                                      segment.
preparation of the annual Corporate Work Plan                                                                                                       • Maintaining Assets Quality/Performing Loans.
and Budget (RKAP), the Company’s Corporate
                                                                                                                                                    • Achievement of business volume growth of Retail Banking segment.
Plan (RJPP), and the Sustainable Finance Action
                                                                                                                            Director of Network &   • Achievement of acquisition targets of agents banking and financial inclusion of derivative
Plan (RAKB).                                                                                                                                          agents.
                                                                                                                            Retail Banking          • Achievement of funding/Fee Based Income growth in Retail Banking segment.
                                                                                                                                                    • Achievement of customers digital transactions volume growth of Retail Banking segment.
                                                                                                                                                    • Maintaining Assets Quality/Performing Loan.




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                                • Achievement of business volume growth of Institutional segment.                             No.                                        KPI                     Weight      Indicators         Score
Director of                     • Achievement of TJSL disbursement for social, educational, religious aspects according
                                  to the work plan.                                                                           5       Average Deposits Growth (Parent Only)                      5%       According to RKAP     5,50
Institutional Relations         • Achievement of funding/Fee Based Income growth in Institutional segment.
                                                                                                                              6       Average Loans Growth (Parent Only)                         5%       According to RKAP     5,50
                                • Achievement of customers digital transactions volume growth of Institutional segment.
                                • Maintaining Assets Quality/Performing Loans.                                                Operational                                                                                       19,33
                                • Ensuring the implementation of proper risk management in accordance with the articles       1       Loan at Risk (LaR) (Parent Only)                           6%       According to RKAP     6,60
                                  of association, risk management policies, internal control system policies, standard
Director of Risk                  procedures, and external regulations.                                                       2       Cost of Credit (CoC) (Parent Only)                         7%       According to RKAP     7,70
Management                      • Ensuring the implementation of risk management culture at all levels of the organization.
                                • Ensuring the implementation of all risk management to determine risk appetite, risk         3       BOPO                                                       5%       According to RKAP     5,03
                                  thresholds, and integrated risk management strategies, as well as capital adequacy.
                                                                                                                              Social                                                                                            10,67

                                                                                                                              1       Disbursement of KUR.                                       5%       According to Target   5,26
Director of                     •   Implementation of effective technology and information governance.
                                •   Achievement of availability of information security management system.
Information                                                                                                                   2       NPS For Bank                                               5%       According to Target   5,40
                                •   Implementation of Information Technology projects with project charters.
Technology                      •   Achievement of conformity between Information Technology with the needs of                B. Business Model Innovation                                       8%                             8,41
                                    management information systems and the needs of the Bank’s business activities.
                                                                                                                              1       CASA Ratio                                                 4%       According to RKAP     4,01
                                • Implementation of the Company’s management in accordance with the duties
                                  determined in the GMS or the Board of Directors’ Meeting.                                   2       Active User Livin’                                         4%       According to Target   4,40
                                • Implementation of the Company’s operations strategy, consolidation of communication,
Director of Operations            and programs.
                                                                                                                              C. Leadership in Technology                                        7%                             7,40
                                • Achievement of Fee Based Income growth.                                                     1       Implementation of ATM Integrations (Jalin Project)         3%       According to Target   3,00
                                • Achievement of business transactions growth.
                                                                                                                              2       Cyber Security Breach                                      4%       According to Target   4,40
                                • Maintaining the Company’s liquidity.
Director of Treasury &          • Management implementation banking book, trading activity, and dealing activities            D. Investment Enhancement                                          12%                            12,18
International Banking             as well marketing which includes foreign Exchange Transactions, securities, derivative
                                  products treasury, and trade services according to that target set.                         1       Environment, Social, Government (ESG) Rating               3%             Rating          3,00
                                • Achievement of Fee increase Based Income.                                                   2       Contribution of Subsidiary to Consolidated NPAT            5%       According to RKAP     4,92
                                •   Maintaining bank soundness rating.                                                        3       Sustainable Loans (Parent Only)                            4%       According to Target   4,26
Director of Finance &           •   Maintaining CAR ratio between 20%-21%.
Strategy                        •   Business Realization according to Work Plan & Budget/Bank Business Plan.                  E. Talent Development                                              8%                             8,62
                                •   Achievement of set financial ratios.
                                •   The result of KPKU assessment is at least the same as the previous year.                  1       Average Diversity in Nominated Talent (Women & Young)      4%       According to Target   4,22

Director of                     • Achievement of compliance in Bank Mandiri.                                                  2       Employee Productivity (Parent Only)                        4%       According to Target   4,40
Compliance & HR                 • Achievement of a reduction in the ratio of fines imposed by the regulator.
                                                                                                                              Total                                                              100%                           104,95
                                • Achievement of Human Capital management strategies and targets.


                                                                                                                              PERFORMANCE ASSESSMENT OF THE COMMITTEE UNDER
Board of Directors Performance Assessment Results                                                                             THE BOARD OF DIRECTORS AND ASSESSMENT BASIS

No.                                     KPI                                   Weight          Indicators           Score      In 2024, the Executive Committees under the Board of Directors have fulfilled their management
                                                                                                                              responsibilities in alignment with their mandates. These committees played a vital role in ensuring the
A. Economy and Social Values for Indonesia                                    65%                                 68.34
                                                                                                                              effective execution of the Company’s strategies, operational goals, and governance frameworks.
Financial                                                                                                         38,35
                                                                                                                              The comprehensive performance assessment highlights the pivotal role of the Executive Committees
1     Pre-Provision Operating Profit (PPOP)                                   9%           According to RKAP      8,80
                                                                                                                              under the Board of Directors in ensuring the effective management of the Company and achieving
2     Percentile Total Shareholder Return (TSR)                               5%          According to Target     5.50        strategic objectives during 2024.
3     Return on Equity (ROE) Tier 1                                           7%           According to RKAP      7,04
                                                                                                                              Below is the performance summary of each committee during 2024:
4     Capital Adequacy Ratio (CAR)                                            6%           According to RKAP      6,01
                                                                                                                              1. Assets & Liabilities Manegement Committee (ALCO)
                                                                                                                              2. Business Committee (BC)



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3. Capital & Subsidiaries Committee (CSC)                                                                                                                     The Policy & Procedure Committee (PPC) has effectively carried out its duties in
4. Human Capital Policy Committee (HCPC)                                                                                                                      supporting the Board of Directors, including regulating corporate policies through
                                                                                                                                    Policy & Procedure        Mandiri Group Regulations, policies, or procedures, and granting authority to
5. Information Technology & Digital Banking Committee (ITDC)                                                                  7.    Committee                 corporate officials on an ex-officio basis. In 2024, PPC issued a total of 41 (forty-
6. Integrated Risk Committee (IRC)                                                                                                                            one) decisions, with 2 (two) decisions made through meetings and 39 (thirty-nine)
7. Policy & Procedure Committee (PPC)                                                                                                                         decisions made through circular resolutions.
8. Risk Management Committee (RMC)
                                                                                                                                                              Risk Management Committee (RMC) has effectively carried out its duties, supporting
9. Credit Policy Committee (CPC)                                                                                                                              the Board of Directors in the implementation of effective risk management process
10. Transformation Committee (TFC).                                                                                                 Risk Management           and system by ensuring the adequacy of the implementation of identification,
                                                                                                                              8.    Committee                 measurement, risk monitor, and the determination of risk management policy and
11. Credit Committee/Rapat Komite Kredit (RKK)
                                                                                                                                                              strategy. In 2024, the Committee approved 25 (twenty-five) decisions through
12. Social & Environmental Responsibility Committee (SERC)                                                                                                    15 (fifteen) online meetings and 10 (ten) circular decisions.

                                                                                                                                                              Credit Policy Committee (CPC) is a committee established to assist the Board of
                                 Assets & Liabilities Management Committee (ALCO) has effectively carried out its                                             Directors in formulating policies, overseeing policy implementation, monitoring
        Assets & Liabilities     duties, supporting the Board of Directors in among others managing asset and liability       9.    Credit Policy Committee   the development and condition of the credit or financing portfolio, and providing
  1.    Management               strategies, setting interest rates, and maintaining liquidity, as well as monitoring the                                     recommendations for corrective actions. In 2024, CPC approved 1 (one) circular
        Committee                financial indicators within the Recovery Plan. In 2024, ALCO held 10 (ten) meetings                                          decision.
                                 focusing on its work plan and critical issues.
                                                                                                                                                              Transformation Committee (TFC) has effectively carried out its duties, supporting the
                                 Business Committee (BC) has effectively carried out its duties, supporting the Board of            Transformation            Board of Directors in among others overseeing the Bank’s transformation initiatives,
                                 Directors in shaping the Company's integrated business strategy, overseeing product          10.   Committee                 ensuring alignment with strategic objectives. The Committee held 5 (five) meetings
  2.    Business Committee       and activity management, and optimizing marketing strategies for Wholesale and                                               in 2024.
                                 Retail Banking. In 2024, the Committee conducted 14 (fourteen) meetings addressing
                                 key agenda items and issues.                                                                                                 Credit Committee/Credit Committee Meeting (RKK) has effectively carried out its
                                                                                                                                                              duties, supporting the Board of Directors in among others managing loan disbursement
                                 The Capital and Subsidiaries Committee (CSC) has performed its duties well in                      Credit Committee/
                                                                                                                              11.   Rapat Komite Kredit
                                                                                                                                                              decisions within its authority limits. In 2024, the Committee has made 1.250 loans
                                 supporting the Board of Directors, including managing the Company’s and its                                                  decisions, consisting of 427 in the Corporate segment, and 823 in the Commercial
        Capital & Subsidiaries   subsidiaries' capital, providing recommendations for corporate actions, determining                                          segment.
  3.    Committee                capital injection and divestment strategies, as well as the appointment and
                                 remuneration of Directors and Commissioners of subsidiaries. The CSC held 30 (thirty)                                        Social & Environmental Responsibility Committee (SERC) has effectively carried out
                                 meetings throughout 2024.                                                                          Social & Environmental
                                                                                                                                                              its duties, supporting the Board of Directors in among others mapping and preparing
                                                                                                                              12.   Responsibility
                                                                                                                                                              the Company’s Social & Environmental Responsibility Program (TJSL). The Committee
                                 Human Capital Policy Committee (HCPC) has effectively carried out its duties,                      Committee (SERC)
                                                                                                                                                              held 2 (two) meetings in 2024, focusing on work plan execution and priority issues.
                                 supporting the Board of Directors in among others devising the Company's human
        Human Capital Policy
  4.    Committee
                                 capital strategies, organizational development, and strategic directions for Human
                                 Capital Information Systems. The Committee conducted 15 (fifteen) meetings in
                                 2024 as per its work plan.

                                 The Information Technology & Digital Banking Committee (ITDC) has effectively carried
        Information Technology   out its duties in supporting the Board of Directors in decision-making related to the
  5.    & Digital Banking        IT Strategic Plan, IT Development Plan, and strategic IT initiatives within its authority.
        Committee                In 2024, ITDC Category A meetings were held 4 (four) times, and ITDC Category B
                                 meetings were also held 4 (four)times.

                                 Integrated Risk Committee (IRC) has effectively carried out its duties, supporting the
        Integrated Risk          Board in the implementation of Integrated Risk Management, including formulating
  6.    Committee                and developing the Integrated Risk Management Policy. In 2024, IRC convened 6
                                 (six) online meeting and gave 2 (two) circular recommendations.




PT BANK MANDIRI (PERSERO) TBK                             798                                                                                                                     799                                          ANNUAL REPORT 2024
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EXECUTIVE COMMITTEES
                                                                                                             Assets & Liabilities Manegement Committee (ALCO) Structure and Membership

                                                                                                             Based on the Board of Directors Decree No. KEP.DIR/032/2024 dated 22 May 2024 concerning Assets &
                                                                                                             Liabilities Manegement Committee, the structure and membership of ALCO are as follows:
In performing its duties, the Board of Directors is supported by the
Corporate Secretary and Committees that provide advice and                                                   Assets & Liabilities Manegement Committee (ALCO) Member Structure
recommendations regarding policies and strategic directions.
                                                                                                             Chairman                                     President Director
Bank Mandiri has 12 (twelve) committees under the Board of
                                                                                                             Secretary                                    Market Risk Group Head
Directors, collectively referred to as the Executive Committees.
                                                                                                             Alternate Secretary I
These committees are established in accordance with the                                                                                                   Treasury Group Head

Board of Directors Decree No. KEP.DIR/027/2024 dated 22 May                                                  Alternate Secretary II                       Strategy & Performance Management Group Head

2024 concerning the Executive Committees of PT Bank Mandiri                                                  Alternate Secretary III                      Credit Portfolio Risk Group Head

(Persero) Tbk.                                                                                                                                            1. President Director
                                                                                                                                                          2. Vice President Director
                                                                                                                                                          3. Director of Corporate Banking
                                                                                                                                                          4. Director of Network & Retail Banking
                                                                                                             Permanent Voting Member                      5. Director of Institutional Relations
As part of their mandate, the Executive Committees do not hold the authority to represent or act on                                                       6. Director of of Finance & Strategies
behalf of the Company in binding agreements or signing contracts with third parties. All such actions must                                                7. Director of Treasury & International Banking
                                                                                                                                                          8. Director of Risk Management
adhere strictly to the provisions of the Company’s Articles of Association and can only be undertaken
                                                                                                                                                          9. Director of Commercial Banking
by authorized representatives as stipulated therein.
                                                                                                             Non-Permanent Voting                         Member of Board of Directors and relevant SEVP present as invitee
                                                                                                             Member

                                                                                                             Permanent Non-Voting                         Compliance & HR Director or appointed Compliance & AML-CFT Group Head or


ASSETS & LIABILITIES MANEGEMENT
                                                                                                             Member                                       Compliance & AML-CFT official.

                                                                                                                                                          1. Other Group Head/Group Head level present as invitee related to the material on
                                                                                                             Contributing Non-Voting
                                                                                                                                                             the committee’s agenda.


COMMITTEE (ALCO)
                                                                                                             Member
                                                                                                                                                          2. Committee Secretary.

                                                                                                                                                          1. SEVP Internal Audit*) or Group Head in Internal Audit or Internal Audit officials
                                                                                                                                                             present as permanent invitee without voting rights.
                                                                                                             Non-Voting Invitee
                                                                                                                                                          2. Executives of operational risk, namely Senior Operational Risk Head who were
                                                                                                                                                             present related to the material of the committee agenda present as an invitee.
                                                                                                             *) In this term, the material discussed in the Committee is the material proposed by the SEVP Internal Audit, the SEVP Internal Audit acts as a Voting Member.




The Assets & Liabilities Manegement Committee (ALCO) is                                                      Assets & Liabilities Manegement Committee (ALCO)
                                                                                                             Members Profile As of 31 December 2024
established to assist the Board of Directors in carrying out
functions related to setting strategies for managing assets and                                                                                                                                                                                           Educational
                                                                                                                    Name                   Position in the Committee                             Position in the Company
liabilities, determining interest rates, and maintaining liquidity, as                                                                                                                                                                                   Background

well as other matters related to the Company’s asset and liability                                           Darmawan                   Chairman/Permanent Voting                         President Director                                      The educational
                                                                                                             Junaidi                    Member                                                                                                    background is
management. Moreover, during periods of significant financial                                                                                                                                                                                     presented in the
                                                                                                             Alexandra                  Permanent Voting Member                           Vice President Director
stress or financial and economic crises, ALCO is responsible for                                             Askandar
                                                                                                                                                                                                                                                  Board Directors Profile
                                                                                                                                                                                                                                                  in this Annual Report
monitoring and executing or activating the Recovery Plan.



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BOARD OF DIRECTORS EXECUTIVE COMMITTEES                                                                                                                                         BOARD OF DIRECTORS EXECUTIVE COMMITTEES




      Name            Position in the Committee         Position in the Company
                                                                                                 Educational         3. Establish limits for Liquidity Management,                 Performance Implementation in 2024
                                                                                                 Background             Interest Rate Management, FX Management,
Riduan              Permanent Voting Member        Director of Corporate Banking                                        and Pricing Management.                                    In fulfilling its duties and responsibilities, ALCO
                                                                                                                     4. Define the Fund Transfer Pricing.                          convenes meetings at least 2 (two) times a year.
Aquarius Rudianto Permanent Voting Member          Director of Network & Retail Banking
                                                                                                                     5. Determine ALM-related matters, including                   Additional meetings may be held at anytime as
Rohan Hafas         Permanent Voting Member        Director of Institutional Relations                                  those involving subsidiaries or entities under             needed at the request of one or more voting
Sigit Prastowo      Permanent Voting Member        Director of Finance & Strategies                                     the Company’s control.                                     members of the committee, at the request of the
                                                                                                                     6. Escalate to the Board of Directors if Recovery             Board of Directors, or based on a written proposal
Eka Fitria          Permanent Voting Member        Director of Treasury and International
                                                                                                                        Plan indicators approach or breach their                   from a relevant unit. Such requests shall include
                                                   Banking
                                                                                                                        established trigger levels, in order to obtain             discussion materials and be coordinated with the
Danis Subyantoro    Permanent Voting Member        Director of Risk Management                                          a decision on activating the Recovery Plan.                Committee Secretary.
Totok Priyambodo Permanent Voting Member           Director of Commercial Banking                                    7. Authorize Company officers to hold certain
                                                                                                                        positions ex-officio.                                      Throughout 2024, ALCO has fulfilled its duties,
                                                                                                                                                                                   responsibilities, and authorities by making 10 (ten)
Assets & Liabilities Manegement                                taking position are consistent with interest rates,                                                                 decisions, as detailed below:
Committee Charter                                              liquidity and exchange rates management
                                                               objectives.
Pursuant to POJK No. 17 of 2023 concerning the            4.   Reviewing and re-evaluating the pricing of            No.           Date                             Agenda & Decision                                Attendance
Implementation of Governance for Commercial                    assets and liabilities to ensure that it optimizes
                                                                                                                     1      19 March 2024      Liquidity Strategy Update                                        Quorum meeting with
Banks article 75 states that the Bank must have                fund deployment returns, minimizes the cost of                                                                                                   100% attendance rate
guidelines and committee work rules, in which for              funds, and maintains the Company’s balance
                                                                                                                     2      3 May 2024         Liquidity and Profitability Management on the Increase in Bank   Quorum meeting with
the Assets & Liabilities Manegement Committee                  sheet structure in line with its ALM strategy.
                                                                                                                                               Indonesia (BI) Rate                                              100% attendance rate
(ALCO) has been regulated in the Board of                 5.   Reviewing deviations between actual
Directors Decree No. KEP.DIR/032/2024, consisting              outcomes and the Company’s budget and                 3      25 July 2024       Liquidity Management Strategy                                    Quorum meeting with
                                                                                                                                                                                                                100% attendance rate
of:                                                            business projections.
1. Purpose of the committee establishment                 6.   Discussing limits on Liquidity Management,            4      6 August 2024      Liquidity Conditions Update as of July 2024                      Quorum meeting with
                                                                                                                                                                                                                100% attendance rate
2. Duties, responsibilities, and authority of the              Interest Rate Management, FX Management,
    committee                                                  and Pricing Management.                               5      22 August 2024     1. Liquidity Conditions Update as of August 2024                 Quorum meeting with
3. Structure and membership of the committee              7.   Addressing other ALM-related matters,                                           2. Strategies for Achieving Regular Deposits (DPK) Targets       100% attendance rate

4. Committee meetings, quorum and decision                     including those pertaining to subsidiaries or         6      3 September 2024   ALCO Steering Committee Preparation by Segment: Strategies       Quorum meeting with
    making                                                     entities under the Company’s control.                                           for Achieving 2024 Aspirations                                   100% attendance rate
5. Committee reporting                                    8.   Monitoring the Bank’s financial indicators            7      5 September 2024   Strategies for Achieving 2024 Aspirations in Retail Banking      Quorum meeting with
                                                               included in the Recovery Plan, covering                                         Segment                                                          100% attendance rate
Duties, Responsibilities and Authorities                       liquidity, capital adequacy, profitability, and
                                                               asset quality, while regularly reviewing and          8      9 September 2024   Strategies for Achieving 2024 Aspirations in Commercial Banking Quorum meeting with
ALCO has the following duties, responsibilities and            updating the emergency funding plan to                                          & Institutional Relations Segment                               100% attendance rate
authorities:                                                   ensure its effectiveness. The Monitoring Report       9      28 October 2024    Q4 2024 Liquidity Conditions and Deposit Strategy Update         Quorum meeting with
                                                               of the Recovery Plan Indicators is periodically                                                                                                  100% attendance rate
Duties and Responsibilities:                                   submitted by the Coordinating Unit to ALCO.
                                                                                                                     10     11 December 2024   2025 Liquidity Management Plan through Wholesale Funding         Quorum meeting with
1. Develop and review the assets and liabilities          9.   Discussing the delegation of authority to the                                   and Banking Book Securities Ceiling                              83% attendance rate
   management strategies.                                      Company’s officers on an ex-officio basis.
2. Evaluate the position of the Company’s
   assets and liabilities in accordance with              Authority:                                                 Assets & Liabilities Manegement Committee (ALCO) Work Plan for 2025
   liquidity risk, interest rates and exchange rates      1. Determine the asset and liability management
   management objectives.                                    strategy.                                               1.   Third party funds & Loan pricing strategy
3. Evaluate the Company’s position and the                2. Set the pricing for assets and liabilities.             2.   Liquidity & funding management strategy
   Assets & Liabilities Management (ALM) strategy                                                                    3.   Bonds banking book portfolio management strategy
   to ensure that the results of the Company’s risk-                                                                 4.   Wholesale Funding Plan



PT BANK MANDIRI (PERSERO) TBK                          802                                                                                                                  803                                       ANNUAL REPORT 2024
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BUSINESS COMMITTEE                                                                                                                                                                                                                                             BUSINESS COMMITTEE




                                                                                                                                                                     Business Committee Members Profile As of 31 December 2024

                                                                                                                                                                                                                                                                      Educational
                                                                                                                                                                            Name           Position in the Committee          Position in the Company
                                                                                                                                                                                                                                                                      Background
The Business Committee (BC) is established to assist the
                                                                                                                                                                     Darmawan Junaidi    Chairman/Permanent Voting       President Director                         The Educational
Board of Directors in formulating strategies for the integrated                                                                                                                          Member                                                                     Background is
management of the Company’s business. The Committee is                                                                                                               Alexandra Askandar Permanent Voting Member          Vice President Director
                                                                                                                                                                                                                                                                    presented at the
                                                                                                                                                                                                                                                                    Board of Directors
responsible for overseeing product management, as well as                                                                                                            Riduan              Permanent Voting Member         Director of Corporate Banking
                                                                                                                                                                                                                                                                    Profile section in
                                                                                                                                                                                                                                                                    this Annual Report.
determining strategies and evaluating the effectiveness of                                                                                                           Aquarius Rudianto   Permanent Voting Member         Director of Network & Retail Banking
marketing communication in Wholesale Banking and Retail                                                                                                              Rohan Hafas         Permanent Voting Member         Director of Institutional Relations
Banking.                                                                                                                                                             Eka Fitria          Permanent Voting Member         Director of Treasury & International
                                                                                                                                                                                                                         Banking

                                                                                                                                                                     Danis Subyantoro    Permanent Voting Member         Director of Risk Management

Business Committee Structure and Membership                                                                                                                          Totok Priyambodo    Permanent Voting Member         Director of Commercial Banking


Based on the Board of Directors Decree No. KEP.DIR/063/2024 dated 02 October 2024 concerning
Business Committee, the structure and membership of the BC are as follows:                                                                                           Business Committee Charter                              Duties and Responsibilities:
                                                                                                                                                                                                                             1. Discussing the Company’s business strategies
Business Committee Member Structure                                                                                                                                  Pursuant to POJK No. 17 of 2023 concerning the             for the Wholesale and Retail segments,
                                                                                                                                                                     Implementation of Governance for Commercial                including the business strategies of subsidiaries.
Chairman                                       President Director                                                                                                    Banks article 75 states that the Bank must have         2. Discussing and evaluating the integrated
                                                                                                                                                                     guidelines and committee work rules, in which for          development of the Wholesale and Retail
Secretary (Wholesale Segment)                  Wholesale Transaction Banking Transaction Group Head
                                                                                                                                                                     the Business Committee has been regulated in the           business segments, including the development/
Secretary (Retail Segment)                     Retail Deposit Product & Solution Group Head                                                                          Board of Directors Decree No. KEP.DIR/063/2024,            renewal of the Bank’s products (both credit
Voting Members
                                                                                                                                                                     which contains:                                            and non-credit), business processes, pricing,
                                                                                                                                                                     1. Purpose of the committee establishment                  infrastructure, marketing communication
                                               1. President Director                                                                                                 2. Duties, responsibilities, and authority of the          facilities, and business-supporting technology.
                                               2. Vice President Director
                                               3. Director of Corporate Banking                                                                                         committee                                            3. Discussing and evaluating business strategies
                                               4. Director of Network & Retail Banking                                                                               3. Structure and membership of the committee               with the Company’s anchor clients.
Permanent Voting Members
                                               5. Director of Institutional Relations                                                                                4. Committee meetings, quorum and decision              4. Monitoring and evaluating the results of
                                               6. Director of Treasury & International Banking
                                                                                                                                                                        making                                                  strategic performance and business initiatives/
                                               7. Director of Risk Management
                                               8. Director of Commercial Banking                                                                                     5. Committee reporting                                     projects in the Wholesale and Retail segments.
                                                                                                                                                                                                                             5. Addressing and resolving strategic business
Non-Permanent Voting                           Board of Directors/SEVR related to materials present as invite
Members
                                                                                                                                                                     Business Committee Duties,                                 issues, including alliances between the
                                                                                                                                                                     Responsibilities and Authorities                           Company’s work units and alliances with
Permanent Non-Voting Member Director of Compliance & HR or appointed Compliance & AML-CFT Group Head                                                                                                                            subsidiaries or entities under the Company’s
                                               1. Group Head/other Group Head level officials invited in relation to committee                                       The BC has the following duties, responsibilities          control.
Contributing Non-Voting
                                                  agenda                                                                                                             and authorities:                                        6. Discussing and evaluating the development
Member
                                               2. Committee Secretary
                                                                                                                                                                                                                                and discontinuation of the Bank’s products,
                                               1. SEVP Internal Audit*) or Group Head in Internal Audit or Internal Audit officials                                                                                             both credit and non-credit, including digital
                                                  present as permanent invitee without voting rights.                                                                                                                           banking products and services, in compliance
Invitee Non-Voting Member
                                               2. Executives of operational risk, namely Senior Operational Risk Head who were
                                                                                                                                                                                                                                with applicable regulations at the Bank.
                                                  present related to the material of the committee agenda present as an invitee
*) In the event that the material discussed in the Committee is the material proposed by the SEVP Internal Audit, the SEVP Internal Audit acts as a Voting Member.




PT BANK MANDIRI (PERSERO) TBK                                                   804                                                                                                                                    805                                         ANNUAL REPORT 2024
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BUSINESS COMMITTEE                                                                                                                                                                                                   BUSINESS COMMITTEE




Authorities:                                                  Business Committee Duties                                                                                                        Quorum
1. Establishing the Company’s business strategies             Implementation in 2024                                       No.    Meeting Date               Meeting Agenda                  Attendance                 Remark
   for the Wholesale and Retail segments,                                                                                                                                                        (%)
   including the business strategies of subsidiaries.         In fulfilling its duties and responsibilities, BC            5     01 September 2024   Revision of the Product Manual for         100%      Circular
2. Determining the integrated development of                  convenes meetings at least 3 (three) times a year.                                     Short-Term Loans
   the Wholesale and Retail business segments,                Additional meetings may be held at anytime as
                                                                                                                           6     02 September 2024   Adjustment of the Product Manual for       100%      Circular
   including the development/renewal of the                   needed at the request of one or more voting                                            Electronic Money
   Bank’s products (both credit and non-credit),              members of the committee, at the request of the
                                                                                                                           7     05 September 2024   Revision of the Product Manual for         100%      Circular
   business processes, pricing, infrastructure,               Board of Directors, or based on a written proposal                                     Intraday Facility
   marketing communication facilities, and                    from a relevant unit. Such requests shall include
                                                                                                                           8     17 September 2024   Plan to Discontinue Mandiri e-Form          –        Circular
   business-supporting technology.                            discussion materials and be coordinated with the
                                                                                                                                                     Website Services                                     This decision falls under the authority
3. Setting business strategies with the Company’s             Committee Secretary.                                                                                                                        of BC and was delegated to a BC
   anchor clients.                                                                                                                                                                                        member director based on the BC
                                                                                                                                                                                                          Meeting Minutes No. BSC/63/2024
4. A p p r o v i n g t h e d e v e l o p m e n t a n d
                                                                                                                                                                                                          dated September 24, 2024, regarding
   discontinuation of the Bank’s products, both               Throughout 2024, the Business Committee has                                                                                                 the Submission of Minutes of the
   credit and non-credit, including digital banking           carried out its duties, responsibilities, and authorities                                                                                   Working Group Business Committee
   products and services, in compliance with                  by making 14 (fourteen) decisions, detailed as                                                                                              Meeting - Plan to Discontinue Mandiri
                                                                                                                                                                                                          e-Form Website Services.
   applicable Bank regulations.                               follows:
5. Delegating authority to designated executives                                                                           9     20 September 2024   Adjustment to the Secured Consumer          –        Circular
                                                                                                                                                     Segment Loan Product Manual                          This decision falls under the authority
   to decide and execute matters related to                                                                                                          Related to KPR Tapera                                of BC and was delegated to a BC
   operational business activities.                                                                                                                                                                       member director based on the BC
                                                                                                                                                                                                          Meeting Minutes No. BSC/64/2024
                                                                                                                                                                                                          dated September 25, 2024, regarding
                                                                                                                                                                                                          the Submission of Minutes of the
                                                                     Quorum                                                                                                                               Working Group Business Committee
                                                                                                                                                                                                          Meeting - Adjustment to the Secured
No.     Meeting Date                Meeting Agenda                 Attendance                  Remark
                                                                                                                                                                                                          Consumer Segment Loan Product
                                                                       (%)                                                                                                                                Manual Related to KPR Tapera.
1.    16 January 2024       Preparation of the Livin' Paylater        100%       Circular
                            Product Manual                                                                                 10    28 Oktober 2024     Plan to Discontinue RAOS                    –        Circular
                                                                                                                                                                                                          This decision falls under the authority
2.    18 March 2024         Issuance of the Product Manual for        100%       Circular
                                                                                                                                                                                                          of BC and was delegated to a BC
                            Export Proceeds Loan Facilities (DHE
                                                                                                                                                                                                          member director based on the BC
                            SDA) and Revision of the Product
                                                                                                                                                                                                          Meeting Minutes No. BSC/85/2024
                            Manual for Secured Loan Against
                                                                                                                                                                                                          dated November 14, 2024, regarding
                            Securities (KASB)
                                                                                                                                                                                                          the Submission of Minutes of the
3     12 July 2024          Withdrawal of the Product Manual for      100%       Circular                                                                                                                 Working Group Business Committee
                            Unsecured Consumer Segment Loans                                                                                                                                              Meeting - Discontinuation of Marketing
                            (Except Credit Cards)                                                                                                                                                         and Conversion of Mandiri Tabungan
                                                                                                                                                                                                          Mitra Usaha and Mandiri Tabungan
4     12 July 2024          Adjustment to the Investor Savings          –        Circular                                                                                                                 Tenaga Kerja Indonesia Accounts into
                            Product Manual                                       This decision falls under the authority                                                                                  Mandiri Tabungan NOW, as well as the
                                                                                 of BC and was delegated to a BC                                                                                          Plan to Discontinue RAOS [PART 1 & 2].
                                                                                 member director based on the BC
                                                                                 Meeting Minutes No. BSC/40/2024           11    5 November 2024     Discontinuation of Marketing and           100%      Circular
                                                                                 dated July 18, 2024, regarding the                                  Conversion of Mandiri Tabungan Mitra
                                                                                 Submission of Minutes of the Working                                Usaha and Mandiri Tabungan Tenaga
                                                                                 Group Business Committee Meeting                                    Kerja Indonesia accounts into Mandiri
                                                                                 - Adjustment to the Mandiri Investor                                Tabungan NOW
                                                                                 Savings Product Manual.
                                                                                                                           12    14 November 2024    Revision of the Product Manual for         100%      Circular
                                                                                                                                                     DHE SDA Loan Facilities




PT BANK MANDIRI (PERSERO) TBK                             806                                                                                                                    807                                        ANNUAL REPORT 2024
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BUSINESS COMMITTEE
                                                                                                                                                                         CAPITAL & SUBSIDIARIES
                                                                                                                                                                                    COMMITTEE

                                                                       Quorum
No.     Meeting Date                Meeting Agenda                   Attendance                 Remark
                                                                         (%)
13    27 November 2024      Integration of the Memorandum of             –        Circular
                            Procedures for Multicurrency Savings                  This decision falls under the authority
                            and the Manual for Foreign Currency                   of BC and was delegated to a BC           The Capital & Subsidiaries Committee (CSC) is formed to
                            Savings into the Multicurrency Savings                member director based on the BC
                            Product Manual                                        Meeting Minutes No. BSC/92/2024           support the Board of Directors in managing the Company’s
                                                                                  dated December 2, 2024, regarding
                                                                                  the Submission of Minutes of the
                                                                                                                            capital and Subsidiaries. The responsibilities include corporate
                                                                                  Working Group Business Committee
                                                                                  Meeting - Integration of the
                                                                                                                            action, overseeing equity participation, capital divestment, the
                                                                                  Memorandum of Procedures for              appointment of members of the Board of Directors and/or Board
                                                                                  Mandiri Multicurrency Savings and the
                                                                                  Product Manual for Mandiri Foreign        of Commissioners of subsidiaries, as well as determining their
                                                                                  Currency Savings into the Mandiri
                                                                                  Multicurrency Savings Product Manual.
                                                                                                                            remuneration.
14    19 December 2024      Revision of Mandiri Repo in the             100%      Circular
                            Treasury Product Manual



Business Committee Works Plan in 2025
                                                                                                                            Capital & Subsidiaries Committee Structure and Membership
BC has established a work plan to be discussed in meetings held at least 3 (three) times a year. The
2025 BC work plan includes:                                                                                                 Based on the Board of Directors Decree No. KEP.DIR/034/2024 tanggal 22 Mei 2024 concerning the
1. Discussing and determining the Company’s business strategies for the Wholesale and Retail segments,                      Capital and Subsidiaries Committee, the structure and membership of CSC are as follows:
   including the business strategies of Subsidiaries.
2. Discussing, evaluating, and establishing business strategies with the Company’s anchor clients.                          Capital & Subsidiaries Committee Member Structure
3. Monitoring and evaluating the results of strategic performance and business initiatives/projects in
   the Wholesale and Retail segments.                                                                                       Chairman                               President Director

                                                                                                                            Secretary I                            Group Head Strategic Investment & Subsidiaries Management

                                                                                                                            Secretary II                           Group Head Strategy & Performance Management

                                                                                                                            Secretary III                          Group Head Credit Portfolio Risk

                                                                                                                            Voting Members

                                                                                                                                                                   1. President Director
                                                                                                                            Permanent Voting                       2. Vice President Director
                                                                                                                            Members                                3. Director of Risk Management
                                                                                                                                                                   4. Director of Finance and Strategy

                                                                                                                            Non-Permanent Voting                   Members of Board of Directors/SEVP related to the matters present as invitee
                                                                                                                            Member

                                                                                                                            Permanent Non-Voting                   Director of Compliance & HR or Compliance & AML-CFT Group Head or appointed
                                                                                                                            Member                                 Compliance & AML-CFT Group executives

                                                                                                                            Contributing Non-Voting                1. Group Head/other Group Head level in relation to committee agenda
                                                                                                                            Member                                 2. Committee Secretary

                                                                                                                                                                   1. SEVP Internal Audit*) or Group Head in Internal Audit or Internal Audit executives
                                                                                                                            Invitee Non-Voting                        present as permanent invitee without voting rights.
                                                                                                                            Member                                 2. Executives of operational risk, namely Senior Operational Risk Head in relation to
                                                                                                                                                                      committee agenda present as invitee non-voting member.
                                                                                                                            *) In this event the material discussed in the Committee is the material proposed by the SEVP Internal Audit, the SEVP Internal Audit acts as a Voting Member.




PT BANK MANDIRI (PERSERO) TBK                               808                                                                                                                                         809                                                         ANNUAL REPORT 2024
Page 127
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CAPITAL & SUBSIDIARIES COMMITTEE                                                                                                                                                          CAPITAL & SUBSIDIARIES COMMITTEE




Capital & Subsidiaries Committee Members Profile As of 31 December 2024                                          8. Discuss the implementation, as well as the agenda of the General Meeting of Shareholders (GMS)
                                                                                                                    of the Subsidiaries including Sub-subsidiaries, if necessary, as well as decide on the proposals that
                                                                    Position in the         Educational             require the decision of the Company as a Shareholder.
         Name                   Position in the Committee                                                        9. Discuss a Power of Attorney to represent the Company as a Shareholder in a Subsidiary (Shareholders’
                                                                     Company                Background
                                                                                                                    Proxi).
Darmawan Junaidi          Chairman/Permanent Voting           President Director        The Educational
                          Member                                                        Background is
                                                                                        presented on the Board   Capital & Subsidiaries Committee Duties Implementation in 2024
Alexandra Askandar        Permanent Voting Members            Vice President Director   of Directors Profile
                                                                                        section in this Annual
Sigit Prastowo            Permanent Voting Members            Director of Finance &                              In fulfilling its duties and responsibilities, CSC convenes meetings at least 2 (two) times a year. Additional
                                                                                        Report.
                                                              Strategies                                         meetings may be held at anytime as needed at the request of one or more voting members of the
Danis Subyantoro          Permanent Voting Members            Director of Risk                                   committee, at the request of the Board of Directors, or based on a written proposal from a relevant
                                                              Management                                         unit. Such requests shall include discussion materials and be coordinated with the Committee Secretary.

Capital & Subsidiaries Committee Charter                                                                         Throughout 2024, CSC held 30 (Thirty) meetings including circulars, with the following agenda:

Pursuant to POJK No. 17 of 2023 concerning the Implementation of Governance for Commercial Banks                                                                                                                 Quorum
article 75 states that the Bank must have guidelines and committee work rules, wherein for the Capital           No.    Meeting Date                            Meeting Agenda                                 Attendance   Remark
& Subsidiaries Committee has been regulated in the Board of Directors Decree No. KEP.DIR/034/2024,                                                                                                                 (%)
consisting of:
                                                                                                                 1     9 January 2024     Approval of CSC Circular Decision on Changes to the                     100%       Circular
1. Purpose of the committee establishment                                                                                                 Management and Supervisory Board of PT Bank Mandiri Taspen
2. Duties, responsibilities, and authority of the committee
3. Structure and membership of the committee                                                                     2     16 January 2024    Approval of CSC Circular Decision on the Resignation of the             100%       Circular
                                                                                                                                          Independent Commissioner of PT Bank Syariah Indonesia Tbk.
4. Committee meetings, quorum and decision making
5. Committee reporting                                                                                           3     29 January 2024    Approval of CSC Circular Decision on the Agenda for the                 100%       Circular
                                                                                                                                          Extraordinary General Meeting of Shareholders of PT Asuransi
                                                                                                                                          Jiwa Inhealth Indonesia.
Capital & Subsidiaries Committee Duties and Responsibilities
The following are CSC’s duties and responsibilities:                                                             4     5 February 2024    Approval of the Divestment of Mandiri Inhealth ("Project                100%       Meeting
                                                                                                                                          Istanbul").
1. Discuss the Company’s capital management strategy including a corporate action plan and
   planning an optimal capital structure to maintain the Company’s capital position above the minimum            5     26 March 2024      Approval of CSC Circular Decision on the Agenda and Timing              100%       Circular
                                                                                                                                          of the 2023 Annual General Meeting of Shareholders of PT Bank
   requirements.                                                                                                                          Syariah Indonesia Tbk.
2. Establish strategies and limits to Subsiairies management including companies under the control of
   the Subsidiaries, if necessary.                                                                               6     1 April 2024       Approval of the Amendment to the Shareholder Agreement                  100%       Meeting
                                                                                                                                          (SHA) of PT AXA Mandiri Financial Services (AMFS).
3. Discuss the Subsidiary’s capital participation plan including additional capital participation and
   divestment.                                                                                                   7     6 May 2024         Approval of CSC Circular Decision on the Agenda and Proposed            100%       Circular
                                                                                                                                          Resolutions for the 2023 Annual General Meeting of Shareholders
4. Evaluate and discuss Subsidiaries financial performance including Sub-subsidiaries, if necessary.                                      (AGMS) of PT Bank Syariah Indonesia Tbk. ("BSI").
5. Discuss remuneration (including salary, honorarium, benefits and facilities) of members of the Board
   of Directors and/or Board of Commissioners of Subsidiaries including Sub-subsidiaries if necessary,           8     7 May 2024         Approval of CSC Circular Decision on the Agenda and Proposed            100%       Circular
                                                                                                                                          Resolutions for the 2023 Annual General Meeting of Shareholders
   which have been recommended by the Human Capital unit in charge of remuneration materials.                                             (AGMS) of PT Asuransi Jiwa Inhealth Indonesia ("Mandiri Inhealth")
6. Discuss the candidacy/nomination of members of the Board of Directors and/or Board of Commissioners                                    and PT Mandiri Manajemen Investasi ("MMI").
   of Subsidiaries and members of the Board of Directors and/or Board of Commissioners of the Sub-
   subsidiaries, if necessary, while still referring to the Company’s Articles of Association.
7. Discuss the Corporate Work Plans and Budget (RKAP) of the Subsidiaries including Sub-subsidiaries,
   if necessary.




PT BANK MANDIRI (PERSERO) TBK                           810                                                                                                             811                                         ANNUAL REPORT 2024
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CAPITAL & SUBSIDIARIES COMMITTEE                                                                                                                                                                 CAPITAL & SUBSIDIARIES COMMITTEE




                                                                                                 Quorum                                                                                                                 Quorum
No.     Meeting Date                            Meeting Agenda                                 Attendance   Remark     No.     Meeting Date                            Meeting Agenda                                 Attendance   Remark
                                                                                                   (%)                                                                                                                    (%)
9     7 May 2024           Approval of CSC Circular Decision on the Agenda and Proposed           100%      Circular   22     22 July 2024        Approval of the Capital & Subsidiaries Committee (CSC)                 100%       Circular
                           Resolutions for the 2023 Annual General Meeting of Shareholders                                                        Circular Decision on the Proposal for Remuneration for Directors,
                           (AGMS) of PT Mandiri Tunas Finance ("MTF").                                                                            Commissioners, and/or Sharia Supervisory Board Members of
                                                                                                                                                  Subsidiaries and Sub-Subsidiaries.
10    7 May 2024           Approval of CSC Circular Decision on Changes to the Directors          100%      Circular
                           and/or Board of Commissioners of Subsidiaries.                                              23     22 July 2024        Approval of CSC Circular Decision on Changes to the Composition        100%       Circular
                                                                                                                                                  of the Board of Directors and Board of Commissioners of PT
11    28 May 2024          Approval of CSC Circular Decision on the Agenda and Proposed           100%      Circular                              Asuransi Jiwa Inhealth Indonesia.
                           Resolutions for the 2023 Annual General Meeting of Shareholders
                           (AGMS) of PT AXA Mandiri Financial Services ("AMFS") and PT                                 24     9 September 2024    Approval of CSC Circular Decision on the Agenda and Proposed           100%       Circular
                           Mandiri Sekuritas ("Mansek").                                                                                          Resolutions for the Extraordinary General Meeting of Shareholders
                                                                                                                                                  (EGMS) of PT Mandiri Tunas Finance.
12    30 May 2024          Approval of CSC Circular Decision on the Agenda and Proposed           100%      Circular
                           Resolutions for the Extraordinary General Meeting of Shareholders                           25     9 September 2024    Approval of CSC Circular Decision on the Resignation of a              100%       Circular
                           (EGMS) of PT Mandiri Tunas Finance.                                                                                    Director of PT Mandiri Capital Indonesia ("MCI").

13    30 May 2024          Approval of CSC Circular Decision on the Agenda and Proposed           100%      Circular   26     17 September 2024   Approval of Principle License for Project Athena.                      100%       Meeting
                           Resolutions for the 2023 Annual General Meeting of Shareholders
                           (AGMS) and Extraordinary General Meeting of Shareholders                                    27     25 September 2024   Approval of CSC Circular Decision on the Agenda and Proposed           100%       Circular
                           (EGMS) of PT Mandiri Capital Indonesia ("MCI").                                                                        Resolutions for the Extraordinary General Meeting of Shareholders
                                                                                                                                                  (EGMS) of PT Mandiri Utama Finance.
14    31 May 2024          Approval of CSC Circular Decision on the Agenda and Proposed           100%      Circular
                           Resolutions for the 2023 Annual General Meeting of Shareholders                             28     11 October 2024     Approval of CSC Circular Decision on Changes to the Directors          100%       Circular
                           (AGMS) of PT Bank Mandiri Taspen ("Bank Mantap") and PT                                                                of Bank Mandiri (Europe) Limited.
                           Mandiri Utama Finance ("MUF").
                                                                                                                       29     6 November 2024     Approval of CSC Circular Decision on the Agenda and Proposed           100%       Circular
15    31 May 2024          Approval of CSC Circular Decision on Changes to the Directors          100%      Circular                              Resolutions for the Extraordinary General Meeting of Shareholders
                           and/or Board of Commissioners of Subsidiaries.                                                                         (EGMS) on Capital Injection by PT Mandiri Sekuritas ("Mansek")
                                                                                                                                                  into PT Mandiri Utama Finance ("MUF").
16    31 May 2024          Approval of CSC Circular Decision on the Agenda and Proposed           100%      Circular
                           Resolutions for the Extraordinary General Meeting of Shareholders                           30     18 November 2024    Approval of CSC Circular Decision on Changes to the Members            100%       Circular
                           (EGMS) of PT Asuransi Jiwa Inhealth Indonesia.                                                                         of the Board of Directors and Board of Commissioners of PT
                                                                                                                                                  Mandiri Utama Finance.
17    31 May 2024          Approval of CSC Circular Decision on the Agenda and Proposed           100%      Circular
                           Resolutions for the 2023 Annual General Meeting of Shareholders
                           (AGMS) of Bank Mandiri (Europe) Limited ("BMEL") and Mandiri
                           International Remittance Sdn. Bhd. ("MIR").
                                                                                                                       Capital & Subsidiaries Committee Works Plan in 2025
18    31 May 2024          Approval of CSC Circular Decision on Changes to the Directors          100%      Circular   1.   Subsidiaries Annual General Meeting Shareholders Plan.
                           and Board of Commissioners of PT Bank Mandiri Taspen.
                                                                                                                       2.   Subsidiaries Remuneration.
19    20 June 2024         Approval of CSC Circular Decision on the Appointment of the            100%      Circular   3.   Subsidiaries Extraordinary General Meeting Shareholders Plan.
                           President Commissioner of PT Mandiri Capital Indonesia ("MCI")
                           at the Extraordinary General Meeting of Shareholders (EGMS).
                                                                                                                       4.   Subsidiaries Corporate Action.
                                                                                                                       5.   Change of Subsidiaries Boards.
20    20 June 2024         Approval of CSC Circular Decision on the Reappointment of the          100%      Circular
                           President Director of PT AXA Mandiri Financial Services ("AMFS"),
                           nominated by National Mutual International Pty Limited (NMI),                               Note: CSC implementation is carried out in accordance with the needs of the Subsidiaries
                           with the term originally proposed until the 1st AGMS extended
                           to the 3rd AGMS from the effective date of the appointment.

21    17 July 2024         Approval of the Acquisition of Shares in PT Mandiri Utama Finance      100 %     Meeting
                           ("MUF") through Project Sydney.




PT BANK MANDIRI (PERSERO) TBK                              812                                                                                                                 813                                         ANNUAL REPORT 2024
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HUMAN CAPITAL POLICY                                                                                                                                                                                                HUMAN CAPITAL POLICY COMMITTEE

COMMITTEE

                                                                                                                                                   Human Capital Policy Committee Members Profile As of 31 December 2024

                                                                                                                                                                                                                                                    Educational
                                                                                                                                                           Name             Position in the Committee        Position in the Company
                                                                                                                                                                                                                                                    Background
The Human Resources Policy Committee (HCPC) is formed to
                                                                                                                                                   Darmawan Junaidi      Chairman/Permanent Voting         President Director                    The Educational
assist the Board of Directors in defining the Company’s Human                                                                                                            Member                                                                  Background is
                                                                                                                                                                                                                                                 presented in the
Capital management strategy. The responsibilities include                                                                                          Alexandra Askandar    Permanent Voting Member           Vice President Director               Board of Directors
overseeing organizational establishment and development, as                                                                                        Agus Dwi Handaya      Permanent Voting Member           Director of Compliance & HR
                                                                                                                                                                                                                                                 Profile section in this
                                                                                                                                                                                                                                                 Annual Report.
well as setting strategic directions for the advancement of the                                                                                    Aquarius Rudianto     Permanent Voting Member           Director of Network & Retail
Human Capital Information System.                                                                                                                                                                          Banking

                                                                                                                                                   Sigit Prastowo        Permanent Voting Member           Director of Finance & Strategies

                                                                                                                                                   Timothy Utama         Permanent Voting Member           Director of Information
                                                                                                                                                                                                           Technology

                                                                                                                                                   Danis Subyantoro      Permanent Voting Member           Director of Risk Management
HUMAN CAPITAL POLICY COMMITTEE STRUCTURE AND MEMBERSHIP
Based on the Board of Directors’ decree No. KEP.DIR/035/2024 dated 22 May 2024, the structure of the                                               Human Capital Policy                                    Duties and Responsibilities:
Human Capital Policy Committee is as follows:                                                                                                      Committee Charter                                       1. Discussing the strategic and operational
                                                                                                                                                                                                              direction of Human Capital management,
Human Capital Policy Committee Member Structure                                                                                                    Pursuant to POJK No. 17 of 2023 concerning the             including corporate culture and values.
                                                                                                                                                   Implementation of Governance for Commercial             2. Reviewing human resource management
Chairman                                        President Director                                                                                 Banks article 75 states that the Bank must have            policies of a strategic nature within subsidiaries,
                                                                                                                                                   guidelines and committee work rules, wherein for           the Financial Institution Pension Fund (DPLK),
Secretary                                       HC Performance & Remuneration Goup Head
                                                                                                                                                   the Human Capital Policy Committee has been                Bank Mandiri Pension Fund (DPBM), the
Alternate Secretary                             HC Strategy & Talent Management Group Head                                                         regulated in the Board of Directors Decree No.             Foundation, and subsidiaries of subsidiaries.
Voting Members
                                                                                                                                                   KEP.DIR/035/2024, consisting of:                        3. Addressing the strategic direction of Human
                                                                                                                                                   1. Purpose of the committee establishment                  Capital Information System development.
                                                President Director                                                                                 2. Duties, responsibilities, and authority of the       4. Discussing organizational development,
                                                Vice President Director
                                                Director of Compliance & HR                                                                           committee                                               including the fulfillment, development, and
Permanent Voting Member                         Director of Network & Retail Banking                                                               3. Structure and membership of the committee               training of Human Capital in line with the
                                                Director of Finance & Strategies                                                                   4. Committee meetings, quorum and decision                 company’s business needs.
                                                Director of Information Technology
                                                Director of Risk Management                                                                           making                                               5. R e v i e w i n g i n d i v i d u a l p e r f o r m a n c e
                                                                                                                                                   5. Committee reporting                                     management and rewards, talent and
Non-Permanent Voting Member                     Member of the Board of Directors/ SEVP related to the material present as invitee.
                                                                                                                                                                                                              succession management, and employee
Permanent Non-Voting Member                     Group Head Compliance & AML-CFT                                                                    Duties, Responsibilities and Authorities                   relations.
                                                Group Head/other Group Head level present as invitee related with the committee
                                                                                                                                                                                                           6. Evaluating the limits of authority in executing
Contributing Non-Voting                                                                                                                            The following are Human Capital Policy Committee           Human Capital management.
                                                agenda material
Member
                                                Committee Secretary                                                                                duties, responsibilities and authority:                 7. Discussing strategic issues in Human Capital
                                                1. SEVP Internal Audit*) or a Group Head within Internal Audit who attends as a                                                                               management.
                                                   standing invitee without voting rights.
Invitee Non-Voting Member
                                                2. An operational risk officer, specifically the Senior Operational Risk Head relevant to
                                                   the committee agenda, who attends as a standing invitee without voting rights.
*) In cases where the matter discussed in the Committee is proposed by the SEVP Internal Audit, the SEVP Internal Audit acts as a Voting Member.




PT BANK MANDIRI (PERSERO) TBK                                                  814                                                                                                                   815                                           ANNUAL REPORT 2024
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HUMAN CAPITAL POLICY COMMITTEE                                                                                                                                                                 HUMAN CAPITAL POLICY COMMITTEE




Authorities                                                  agreements with third parties. All actions on behalf    No.            Date                             Agenda & Decision                                   Attendance
1. Establishing the strategic and operational                of the Company must adhere to the provisions
                                                                                                                           Organizational Development
   direction for human capital management,                   outlined in the Company’s Articles of Association.
   including corporate culture and values.                                                                          1.     10 June 2024           BOD Meeting Proposal for Bank Mandiri Organizational           All BOD Members and SEVP
                                                                                                                                                  Structure Alignment
2. Setting human resource management policies                Performance Implementation in 2024
   of a strategic nature within subsidiaries, the                                                                          Talent Management
   Financial Institution Pension Fund (DPLK), Bank           In fulfilling its duties and responsibilities, HCPC    1.     16 January 2024        Filling L2 Position and Extending Employee Contract            All BOD Members
   Mandiri Pension Fund (DPBM), the Foundation,              convenes meetings at least 3 (three) times a year.                                   Terms
   and subsidiaries of subsidiaries.                         Additional meetings may be held at anytime as          2.     29 January 2024        Proposal for Extending L2 Employee Retirement                  All BOD Members
3. Defining the strategic direction for Human                needed at the request of one or more voting
                                                                                                                    3.     12 February 2024       Proposal for Filling L2 Top Talent Positions at Bank Mandiri   All BOD Members
   Capital Information System development.                   members of the committee, at the request of the
4. Establishing and developing the organization,             Board of Directors, or based on a written proposal     4.     25 March 2024          Proposals for Filling SEVP & L2 Positions, Contract            All BOD Members
                                                                                                                                                  Extensions, Grade Adjustments, and L2 Employees
   including fulfilling, developing, and training            from a relevant unit. Such requests shall include
                                                                                                                                                  Definitive
   Human Capital in line with the company’s                  discussion materials and be coordinated with the
   business needs.                                           Committee Secretary.                                   5.     01 April 2024          Proposals for Organizational Adjustments and L2                All BOD Members
                                                                                                                                                  Corporate Banking Position Fillings
5. Determining individual performance
   management and rewards, talent and                                                                               6.     23 April 2024          L2 Position Fillings                                           All BOD Members
   succession management, as well as employee                Throughout 2024, agendas related to Human              7.     26 August 2024         L2 Position Filling, GM Shanghai Position Filling, and         All BOD Members
   relations.                                                Capital were conducted in conjunction with Board                                     Definitive Employee
6. Establishing authority limits in the implementation       of Directors meetings attended by the Voting           8.     28 October 2024        Proposals for SEVP and L2 Position Fillings, Employee          All BOD Members
   of Human Capital management.                              Members of the Human Capital Policy Committee.                                       Contract Extensions, Employee Definitive Decision,
                                                                                                                                                  Probation Confirmations, and L2 Grade Promotions
7. Resolving strategic issues in Human Capital               The Human Capital Policy Committee’s agendas
   management.                                               discussed during the Board of Directors meetings       9.     20 November 2024       Proposals for L2 Definitive                                    All BOD Members
                                                             in 2024 include the following:
As a committee, the Human Capital Policy
Committee does not have the authority to                                                                            Human Capital Policy Committee Works Plan in 2025
represent or bind the Company or to enter into
                                                                                                                    HCPC has set out the works plan to discuss the Human Capital policies/strategies, such as matters related
                                                                                                                    to performance, reward, and talent management.
 No.            Date                             Agenda & Decision                          Attendance

       Strategi Human Capital

1.     13 August 2024           Lunar Stream 1                                      BOD Members & SEVP

       Individual Performance Management & Remuneration

1.     6 February 2024          BOD Meeting Annual Bonus for the 2023 Performance   All BOD Members and SEVP
                                Year

2.     12 February 2024         BOD Meeting                                         All BOD Members
                                Annual People Performance Review 2023 Performance
                                Year

3.     31 Mei 2024              BOD Meeting Salary Adjustment 2024                  All BOD Members and SEVP

4.     11 November 2024         BOD Meeting Token of Appreciation 2024              All BOD Members and SEVP




PT BANK MANDIRI (PERSERO) TBK                             816                                                                                                                   817                                        ANNUAL REPORT 2024
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INFORMATION TECHNOLOGY &                                                                                                                                    INFORMATION TECHNOLOGY & DIGITAL BANKING COMMITTEE

DIGITAL BANKING COMMITTEE


                                                                                                                        2. ITDC Category B
The Information Technology & Digital Banking Committee                                                                  Chairman                        Director of Information Technology

(ITDC) is a committee formed to support the Board of Directors                                                          Secretary
                                                                                                                        Alternate Secretary
                                                                                                                                                        Group Head IT Strategy & Architecture
                                                                                                                                                        Group Head Back End Application Development
in addressing and determining strategic initiatives related to                                                          Voting Members
Information Technology and Digital Banking.                                                                                                             1. Director of Information Technology
                                                                                                                                                        2. Director of Network & Retail Banking
                                                                                                                                                        3. Director of Operation
                                                                                                                        Permanent Voting Members        4. Director of Finance & Strategy
                                                                                                                                                        5. Director of Risk Management
                                                                                                                                                        6. SEVP Information Technology
                                                                                                                                                        7. SEVP Digital Banking
                                                                                                                        Non-Permanent Voting            Board of Directors Member/SEVP related to the material present as invitee
Information Technology & Digital Banking                                                                                Members
Committee Structure and Membership                                                                                                                      The membership of the Director of Network & Retail Banking and the Director of
                                                                                                                                                        Operations becomes effective when the agenda for discussing the prioritization of
                                                                                                                                                        IT initiatives for 2025 is conducted.
Based on the Decree of the Board of Directors No. KEP.DIR/030/2024 dated 22 May 2024 on Information
                                                                                                                        Permanent Non-Voting            Director of Compliance & HR or Compliance & AML-CFT Group Head
Technology and Digital Banking Committee, Structure and Membership of ITDC as follows:                                  Members
                                                                                                                                                        1. Group Head/other Group Head level related to the material of the Committee
                                                                                                                        Contributing Non-Voting
Information Technology & Digital Banking Committee Member Structure                                                     Members
                                                                                                                                                           Agenda present as an invitee.
                                                                                                                                                        2. Committee Secretary

1. ITDC Category A                                                                                                                                      1. SEVP Internal Audit or Internal Audit Group Head as invitee.
                                                                                                                                                        2. Executives of Operational Risk, which is the Operational Risk Senior Head related
Chairman                         President Director
                                                                                                                        Invitee                            to the material of the Committee Agenda present as an invitee.
Secretary                        IT Strategy & Architecture Group Head
Alternate Secretary              Group Head Back End Application Development                                                                            In the event that the material discussed at the Committee is material proposed by
Voting Members                                                                                                                                          the SEVP Internal Audit, the SEVP Internal Audit acts as a Voting Member.
                                 1. President Director
                                 2. Director of Network & Retail Banking
                                 3. Director of Operation                                                               Information Technology & Digital Banking Committee
Permanent Voting Members
                                 4. Director of Finance & Strategy                                                      Members Profile As of 22 May 2024
                                 5. Director of Information Technology
                                 6. Director of Risk Management
                                                                                                                        1. ITDC Category A
                                 7. SEVP Information Technology
                                 8. SEVP Digital Banking                                                                                                                                                               Educational
Non-Permanent Voting             Board of Directors Member/SEVP related to the material present as invitee
                                                                                                                                  Name         Position in the Committee       Position in the Company
                                                                                                                                                                                                                       Background
Members
                                 The membership of the Director of Network & Retail Banking and the Director of         Darmawan Junaidi      Chairman/Permanent Voting     President Director                  The Educational
                                 Operations becomes effective when the agenda for discussing the prioritization of                            Member                                                            Background is presented
                                 IT initiatives for 2025 is conducted.                                                                                                                                          in the Board of Directors’
                                                                                                                        Aquarius Rudianto     Permanent Voting Member       Director of Network & Retail        Profile section in this
Permanent Non-Voting             Director of Compliance & HR or Compliance & AML-CFT Group Head                                                                             Banking
Members                                                                                                                                                                                                         Annual Report.
                                 1. Group Head/other Group Head level related to the material of the Committee          Toni E.B. Subari      Permanent Voting Member       Director of Operation
Contributing Non-Voting
                                    Agenda present as an invitee.
Members                                                                                                                 Sigit Prastowo        Permanent Voting Member       Director of Finance & Strategy
                                 2. Committee Secretary
                                 1. SEVP Internal Audit or Internal Audit Group Head as invitee.                        Timothy Utama         Permanent Voting Member       Director of Information
                                 2. Executives of Operational Risk, which is the Operational Risk Senior Head related                                                       Technology
                                    to the material of the Committee Agenda present as an invitee.
Invitee
                                                                                                                        Danis Subyantoro      Permanent Voting Member       Director Risk Management
                                 In the event that the material discussed at the Committee is material proposed by
                                 the SEVP Internal Audit, the SEVP Internal Audit acts as a Voting Member.




PT BANK MANDIRI (PERSERO) TBK                            818                                                                                                                819                                          ANNUAL REPORT 2024
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INFORMATION TECHNOLOGY & DIGITAL BANKING COMMITTEE                                                                                                     INFORMATION TECHNOLOGY & DIGITAL BANKING COMMITTEE




                                                                                           Educational              3. Management of the information security               6. Monitoring IT performance and efforts for
        Name            Position in the Committee     Position in the Company
                                                                                           Background                  management system, including effective                  improvement.
Daniel Setiawan        Permanent Voting Member      SEVP Information Technology      The Educational
                                                                                                                       cyber resilience and security plans as well as       7. Resolving various IT-related issues that cannot
Subianto                                                                             Background is presented in        communication plans.                                    be effectively, efficiently, and timely resolved
                                                                                     the Senior Executive Profile   4. IT and Digital Banking strategy/roadmap,                by user units and IT providers.
Sunarto Xie            Permanent Voting Member      SEVP Digital Banking             section in this Annual
                                                                                                                       including monitoring and action plans                8. Adequacy and allocation of the Bank’s
                                                                                     Report.
                                                                                                                       for initiatives covering their budgets and              resources.
                                                                                                                       implementations (including potential IT synergy
2. ITDC Category B                                                                                                     with subsidiaries).                                  Authorities:
                                                                                           Educational              5. Strategic issues within the scope of IT and          Providing recommendations on the above
        Name            Position in the Committee     Position in the Company                                          Digital Banking initiatives.                         responsibilities to the Board of Directors Meeting/
                                                                                           Background
                                                                                                                                                                            ITDC Category A/authorized personnel.
Timothy Utama          Chairman/Permanent Voting    Director of Information          The Educational
                                                                                                                    Authorities:
                       Member                       Technology                       Background is presented
                                                                                     in the Board of Directors’     1. Establishing the results of recommendations
Aquarius Rudianto      Permanent Voting Member      Director of Network & Retail     Profile section in this           from ITDC category B.                                Performance Implementation in 2024
                                                    Banking                          Annual Report.
                                                                                                                    2. Establishing the outcomes of discussions on
Toni E.B. Subari       Permanent Voting Member      Director of Operation                                              ITDC category A duties and responsibilities.         In fulfilling its duties and responsibilities, ITDC
Sigit Prastowo         Permanent Voting Member      Director of Finance & Strategy                                  3. Delegating authority to designated executives        convenes meetings at least 3 (three) times a
                                                                                                                       to decide and implement matters of an                year. Additional meetings at anytime may be
Danis Subyantoro       Permanent Voting Member      Director Risk Management
                                                                                                                       operational nature for IT and Digital Banking.       held as needed at the request of one or more
Daniel Setiawan        Permanent Voting Member      SEVP Information Technology      The Educational                                                                        voting members of the committee, at the request
Subianto                                                                             Background is presented in     ITDC Category B                                         of the Board of Directors, or based on a written
                                                                                     the Senior Executive Profile
Sunarto Xie            Permanent Voting Member      SEVP Digital Banking             section in this Annual                                                                 proposal from a relevant unit. Such requests shall
                                                                                     Report.                        Duties and Responsibilities:                            include discussion materials and be coordinated
                                                                                                                    Discussing and providing recommendations to             with the Committee Secretary.
                                                                                                                    the Board of Directors on at least the following:
                                                                                                                    1. Information Technology Strategic Plan aligned        Throughout 2024, ITDC has carried out its duties,
Information Technology & Digital                          Duties, Responsibilities and Authorities                     with the Bank’s corporate plan.                      responsibilities, and authorities by making 8 (eight)
Banking Committee Charter                                 The following are Information Technology & Digital        2. IT policies, standards, and procedures.              decisions, detailed as follows:
Pursuant to POJK No. 17 of 2023 concerning the            Banking Committee duties, responsibilities and            3. Alignment of IT development plans with the IT
Implementation of Governance for Commercial               authority:                                                   strategic plan.
Banks, article 75 states that Banks are required                                                                    4. Alignment of IT implementation with the IT
to have committee work guidelines and rules, in           ITDC Category A                                              development plan.
which for the Information Technology & Digital                                                                      5. Evaluation of IT cost effectiveness in achieving
Banking Committee has been regulated in the               Duties and Responsibilities:                                 planned benefits.
Board of Directors Decree No. KEP.DIR/030/2024,           Discussing and/or providing guidance related to:
consisting of:                                            1. Priorities and allocation direction of IT
1. Purpose of establishing the committee                     investment budgets, including the benefits
2. Duties, responsibilities and authorities of the           obtained when the initiatives are implemented.
   committee                                              2. Planning and executing strategic IT and Digital
3. Committee structure and membership                        Banking initiatives.
4. Committee meetings, quorums, and decision-
   making
5. Committee Reporting




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INFORMATION TECHNOLOGY & DIGITAL BANKING COMMITTEE
                                                                                                                                     INTEGRATED RISK COMMITTEE


Implementation of ITDC – Category A
 No.             Date                            Agenda & Decision                                   Attendance
 1     12 June 2024*            Approval of the recommendation to submit                     Meeting quorum with 100%
                                the revised June 2024 Information Technology
                                Development Plan (LRPTI) to OJK
                                                                                             attendance rate
                                                                                                                        Integrated Risk Committee (IRC) is established to assist the
 2     16 August 2024*          Approval of the proposed Retail Apps project with a          Meeting quorum with 100%
                                                                                                                        Board of Directors in the implementation of Integrated Risk
                                total IT CAPEX of 120 billion                                attendance rate            Management, including formulating and developing the
 3     20 November 2024         Approval of the proposed IT Strategy & Execution Plan Meeting quorum with 100%          Integrated Risk Management Policy.
                                (ISP) for 2025–2029                                   attendance rate

 4     11 December 2024         Approval of the proposed IT Project Portfolio for 2025       Meeting quorum with 100%
                                                                                             attendance rate

*) implemented as Circular


Implementation of ITDC – Category B                                                                                     INTEGRATED RISK COMMITTEE STRUCTURE AND MEMBERSHIP
 No.             Date                            Agenda & Decision                                   Attendance
                                                                                                                        Based on the Board of Directors decree No. KEP.DIR/036/2024 dated 22 May 2024 concerning the
 1     12 June 2024*            Recommendation on the proposed Information                   Meeting quorum with 100%
                                Technology Development Plan (LRPTI) Revised Period           attendance rate
                                                                                                                        Integrated Risk Committee, the composition and membership of IRC are as follows:
                                June 2024 to OJK to ITDC Category A

 2     16 August 2024*          Recommendation on the proposed Retail Apps                   Meeting quorum with 100%
                                                                                                                        Integrated Risk Committee Member Structure
                                Project with total IT CAPEX of 120 billion to IT & Digital   attendance rate
                                Banking Committee Category A

 3     20 November 2024         Recommendation on the proposed IT Strategy &                 Meeting quorum with 100%   Chairman                        Director of Risk Management
                                Execution Plan (ISP) 2025–2029 to ITDC Category A            attendance rate
                                                                                                                        Secretary                       Credit Portfolio Risk Group Head
 4     11 December 2024         Recommendation on the proposed IT Project Portfolio          Meeting quorum with 100%
                                2025 to IT & Digital Banking Committee Category A            attendance rate            Alternate Secretary I           Market Risk Group Head

                                                                                                                        Alternate Secretary II          Operational Risk Group Head
*) implemented as Circular
                                                                                                                                                        1. Director of Risk Management
                                                                                                                                                        2. Director of Information Technology
Information Technology & Digital Banking Committee Works Plan in 2025                                                   Permanent Voting Member of
                                                                                                                                                        3. Director of Operations
                                                                                                                        Bank Mandiri
                                                                                                                                                        4. Director of Finance and Strategy
The Committee will discuss IT strategic planning, including IT Strategic Plan, IT Development Plan, IT                                                  5. SEVP Wholesale Risk
strategic initiatives, and other discussions in accordance with the duties and responsibilities of the                                                  1. Director in charge of the Risk Management function of Bank Syariah Indonesia
Committee and other discussions in accordance with the duties and responsibilities of the Committee.                                                    2. Director in charge of the Risk Management function of Mandiri Sekuritas
                                                                                                                        Permanent Voting Member of
                                                                                                                                                        3. Director in charge of the Risk Management function of Mandiri Tunas Finance
                                                                                                                        Subsidiaries
                                                                                                                                                        4. Director in charge of the Risk Management function of AXA Mandiri Financial
                                                                                                                                                           Services

                                                                                                                                                    Director of Subsidiary other than Permanent Voting Member of Subsidiaries
                                                                                                                        Non-Permanent Voting Member Member of the Board of Directors and SEVP of Bank Mandiri who is in relation to the
                                                                                                                                                    material of the committee agenda

                                                                                                                                                        Director of Compliance & HR or Compliance & AML-CFT Group Head of Bank
                                                                                                                        Permanent Non-Voting Member
                                                                                                                                                        Mandiri

                                                                                                                                                        1. Group Head/other Group Head level from Bank Mandiri and its Subsidiaries who
                                                                                                                        Contributing Non-Voting
                                                                                                                                                           are invited in relation to the material of the committee agenda
                                                                                                                        Member
                                                                                                                                                        2. Committee Secretary




PT BANK MANDIRI (PERSERO) TBK                                   822                                                                                                         823                                       ANNUAL REPORT 2024
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INTEGRATED RISK COMMITTEE                                                                                                                                                                                                                    INTEGRATED RISK COMMITTEE




                                              1. SEVP Internal Audit or Internal Audit Group Head present as permanent non-                                 2. Responsibilities:
                                                 voting invitees of Bank Mandiri                                                                               a. Giving recommendations covering integrated risk management framework and methodology
Invitee                                       2. Executives in operational risk, namely the Senior Operational Risk Head related
                                                 to the material of the committee agenda present as a permanent non-voting                                        to identify, measure and mitigate risks.
                                                 invitee of Bank Mandiri                                                                                       b. Giving recommendations covering strategic matters related to integrated risk management.
*) If the material of committee agenda is proposed by SEVP Internal Audit, then SEVP Internal Audit present as Voting Member
                                                                                                                                                               c. Giving recommendations to the Board of Directors of Main Entity, covering at least:
                                                                                                                                                               d. Development of the Integrated Risk Management policy.
                                                                                                                                                               e. Correction or enhancement of the Integrated Risk Management policy based on the results of
Integrated Risk Committee Members Profile As of 31 December 2024                                                                                                  the evaluation.


                                                                                                                                    Educational             Performance Implementation in 2024
       Name                                   Position                                       Description
                                                                                                                                    Background
                                                                                                                                                            In fulfilling its duties and responsibilities, IRC convenes meetings at least 2 (two) times a year. Additional
Danis Subyantoro           Chairman and Permanent Voting                       Director of Risk Management                     The Educational
                                                                                                                                                            meetings at anytime may be held as needed at the request of one or more voting members of the
                           Member of the Company                                                                               Background is presented
                                                                                                                               in the Board of Directors’   committee, at the request of the Board of Directors, or based on a written proposal from a relevant
Toni E. B. Subari          Permanent Member of the Company Director of Operations                                              profile in this Annual       unit. Such requests shall include discussion materials and be coordinated with the Committee Secretary.
                                                                                                                               Report.
Sigit Prastowo             Permanent Member of the Company Director of Finance & Strategies
                                                                                                                                                            In 2024, IRC has provided recommendations through 6 (six) meetings and 2 (two) circulars, with the
Timothy Utama              Permanent Member of the Company Director of Information
                                                           Technology                                                                                       following details:

Wildan Sanjoyo             Permanent Member of the Company SEVP Wholesale Risk                                                 The Educational                                                                                                       Quorum
                                                                                                                               Background is presented      No.    Meeting Date                         Meeting Agenda                             Attendance       Remark
                                                                                                                               in the Senior Executive                                                                                                 (%)
                                                                                                                               profile in this Annual
                                                                                                                               Report.                                               Self-Assessment of Bank Mandiri Integrated Risk Profile
                                                                                                                                                              1   30 January 2024    and Consolidated Bank Soundness Level for the position of        100%           Online
                                                                                                                                                                                     31 December 2023.
Integrated Risk Committee Charter                                                                                                                             2   22 April 2024
                                                                                                                                                                                     Self-assessment of Bank Mandiri Consolidated Risk
                                                                                                                                                                                                                                                      100%           Online
Pursuant to POJK No. 17 of 2023 concerning the Implementation of Governance for Commercial Banks                                                                                     Profile for the position of 31 March 2024
article 75 states that the Bank must have guidelines and committee work rules, wherein for the Integrated                                                                            Periodic Review of Self-Assessment Methodology of
Risk Committee has been regulated in the Board of Directors Decree No. KEP.DIR/036/2024, consisting of:                                                       3   17 July 2024       the Integrated Risk Profile and Consolidated Bank                100%           Circular
                                                                                                                                                                                     Soundness Level for the first semester of 2024
                                                                                                                                                                                     Self-Assessment of Bank Mandiri Integrated Risk Profile and
1.   Purpose of the committee establishment                                                                                                                   4   5 August 2024      Consolidated Bank Soundness Level for the posisition of          100%           Online
2.   Duties, responsibilities, and authority of the committee                                                                                                                        30 June 2024
3.   Structure and membership of the committee                                                                                                                    30 September       Report for the Diagnostics Review of Internal Control
                                                                                                                                                              5                                                                                       100%           Online
4.   Committee meetings, quorum and decision making                                                                                                               2024               over Financial Reporting (ICoFR)
5.   Mechanism of the performance evaluation, and                                                                                                                                    Self-Assessment of Bank Mandiri Consolidated Risk
                                                                                                                                                              6   15 October 2024                                                                     100%           Online
6.   Periodical reviu of the guidelines and committee work rules                                                                                                                     Profile for the position of 30 September 2024
                                                                                                                                                                  17 December        Monitoring and Evaluating Result of the Consolidated
                                                                                                                                                              7                                                                                       100%           Online
Integrated Risk Committee Duties and Responsibilities                                                                                                             2024               Counterparty Limit (CCL) Framework.

The IRC’s duties, authorities, and responsibilities are:                                                                                                                             Periodic Review of Self-Assessment Methodology of
                                                                                                                                                                  27 December
                                                                                                                                                              8                      the Integrated Risk Profile and Consolidated Bank                100%           Circular
1. Duties and Authorities                                                                                                                                         2024
                                                                                                                                                                                     Soundness Level for the second semester of 2024
   a. Developing Risk Management policy and its amendments, including Integrated Risk Management
      strategy and framework.
   b. Monitoring integrated risk profile and management of all integrated risks.                                                                            INTEGRATED RISK COMMITTEE WORK PLAN YEAR 2025
   c. Monitoring, overseeing, and enhancing the implementation of integrated risk management on
      a regular basis and incidentally as a follow-up to the changes in internal and external conditions                                                    1. Monitoring the integrated risk profile and the management of all integrated risks.
      that affected the integrated capital adequacy and risk profile.                                                                                       2. Evaluating and improving the strategies of integrated risk management implementation.
   d. Discussing strategic matters related to the integrated risk management.                                                                               3. Evaluating Mandiri Group Integrated policies.
   e. Other matters related to developing and evaluating Mandiri Group Integrated policies.




PT BANK MANDIRI (PERSERO) TBK                                                 824                                                                                                                                 825                                        ANNUAL REPORT 2024
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POLICY & PROCEDURE
POLICY & PROCEDURE COMMITTEE                                                                                                                                                                                                                                         POLICY & PROCEDURE COMMITTEE

COMMITTEE

                                                                                                                                                                 2. PPC Category B
                                                                                                                                                                 Chairman                                  Director of Risk Management

                                                                                                                                                                 Secretary                                 Policy and Procedure Group Head

The Policy & Procedure Committee (PPC) is established to                                                                                                         Alternate Secretary                       Compliance & AML-CFT Group Head

support the Board of Directors in regulating corporate policies                                                                                                  Voting Members

through Mandiri Group Regulations, policies, or procedures, as                                                                                                                                             1. Director of Risk Management
                                                                                                                                                                                                           2. Policy & Procedure Group Head
well as granting authority to corporate officials on an ex-officio                                                                                               Permanent Voting Member)                  3. Enterprise Legal Group Head
                                                                                                                                                                                                           4. Compliance & AML-CFT Group Head
basis.                                                                                                                                                                                                     5. Senior Operational Risk Head related to agenda materials.

                                                                                                                                                                 Non-Permanent Voting                      Board of Directors member and SEVP related to material present as invitee
                                                                                                                                                                 Member

                                                                                                                                                                 Invitee Non-Voting Member                 SEVP Internal Audit*) or Internal Audit Group Head as invitee.

                                                                                                                                                                 Contributing Non-Voting                   Group Head/other Group Head level invited in relation to the material of the Meeting
                                                                                                                                                                 Member                                    Agenda.
Policy & Procedure Committee Structure and Membership
                                                                                                                                                                 *) In the event that the material discussed at the Committee is material proposed by the SEVP Internal Audit, the SEVP Internal Audit acts as a Voting Member.

Based on Directors Decree No. KEP.DIR/061/2024 dated 2 October 2024 concerning the Policy & Procedure
Committee, the structure and membership of PPC are as follows:                                                                                                   Profil Anggota Policy & Procedure Committee Per 31 Desember 2024

1. PPC Category A                                                                                                                                                PPC Category A
Chairman                                  Director of Risk Management                                                                                                  Name                                Position                                    Description                      Educational Background
Secretary                                 Policy and Procedure Group Head                                                                                        Danis                   Chairman/Permanent Voting                        Director of Risk Management                  The Educational Background
                                                                                                                                                                 Subyantoro              Member                                                                                        is presented in the Board of
Alternate Secretary                       Compliance & AML-CFT Group Head                                                                                                                                                                                                              Directors’ profile section in
                                                                                                                                                                 Aquarius                Permanent Voting Member                          Director of Network & Retail                 this Annual Report.
Voting Members                                                                                                                                                   Rudianto                                                                 Banking
                                          1. Director of Risk Management                                                                                         Toni E. B. Subari       Permanent Voting Member                          Director of Operations
                                          2. Director of Network and Retail Banking
Permanent Voting Member
                                          3. Director of Operations                                                                                              Sigit Prastowo          Permanent Voting Member                          Director of Finance & Strategy
                                          4. Director of Finance & Strategies

Non-Permanent Voting                      Board of Directors Member and SEVP related to the material present as invitee.
Member                                                                                                                                                           PPC Category B
Permanent Non-Voting                      Director of Compliance & HR or authorised to Compliance & AML-CFT Group Head                                                       Name                                Position                               Description                     Educational Background
Member
                                                                                                                                                                 Danis Subyantoro                   Chairman/Permanent                     Director of Risk Management                  The Educational Background
                                          1. Group Head/other Group Head level invited in relation to the material of the                                                                           Voting Member                                                                       is presented in the Board of
Contributing Non-Voting                                                                                                                                                                                                                                                                 Directors’ profile section in
                                             Meeting Agenda.
Member                                                                                                                                                                                                                                                                                  this Annual Report.
                                          2. Committee Secretary.

                                          1. SEVP Internal Audit*) or Internal Audit Group Head as invitee.                                                      Mardiana                           Permanent Voting Member Group Head Policy &                                                            -
Invitee Non-Voting Member                 2. Executives of Operational Risk, which is the Operational Risk Senior Head related to                                                                                           Procedure
                                             the material of the Committee Agenda present as an invitee.
                                                                                                                                                                 Dedy Teguh Krisnawan               Permanent Voting Member Group Head Enterprise Legal                                                    -
*) In the event that the material discussed at the Committee is material proposed by the SEVP Internal Audit, the SEVP Internal Audit acts as a Voting Member.                                                              (Alt.)

                                                                                                                                                                 Juliser Sigalingging               Permanent Voting Member Group Head Compliance &                                                        -
                                                                                                                                                                                                                            AML-CFT




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POLICY & PROCEDURE COMMITTEE                                                                                                                                                             POLICY & PROCEDURE COMMITTEE




         Name                      Position                  Description             Educational Background   PPC Kategori B
                                                                                                              Duties and Responsibilities:
Syafelda Indrayuni         Permanent Voting Member Senior Operational Risk Head                -
                                                   Corporate Center related to                                1. Discuss the formulation and/or adjustment/refinement of the Company’s Procedures.
                                                   material of the committee                                  2. Review proposals for granting ex-officio authority to Company executives apart from the authority
                                                   agenda
                                                                                                                 of PPC Category A.
Jhon R.H. Pangaribuan      Permanent Voting Member Senior Operational Risk Head                -
                                                   Wholesale Banking related                                  Authorities:
                                                   to material of the committee
                                                   agenda                                                     1. Approve the formulation and/or adjustment/refinement of the Company’s Procedures.
                                                                                                              2. Approve the granting of ex-officio authority to Company executives apart from the authority of PPC
Tina Setiawati Sentoso     Permanent Voting Member Senior Operational Risk Head                -
                                                                                                                 Category A.
                                                   Distribution & Consumer related
                                                   to material of the committee
                                                   agenda                                                     Performance Implementation in 2024
Rori Achir                 Permanent Voting Member Senior Operational Risk Head                -
                                                   Operation related to material                              In fulfilling its duties and responsibilities, PPC convenes meetings at least 1 (one) times a year. Additional
                                                   of the committee agenda                                    meetings may be held at anytime as needed at the request of one or more voting members of the
Wafdan Metha Firdaus       Permanent Voting Member Senior Operational Risk Head                -              committee, at the request of the Board of Directors, or based on a written proposal from a relevant
                                                   Information Technology related                             unit. Such requests shall include discussion materials and be coordinated with the Committee Secretary.
                                                   to material of the committee
                                                   agenda
                                                                                                              Throughout 2024, the Policy & Procedure Committee performed its duties, responsibilities, and authorities
                                                                                                              by convening PPC sessions 41 (forty-one) times. Of these, 2 (two) decisions were made during meetings,
Policy & Procedure Committee Charter                                                                          while 39 (thirty-nine) decisions were made through circular resolution, detailed as follows:

Pursuant to POJK No. 17 of 2023 concerning the Implementation of Governance for Commercial Banks               No.       Date                          Agenda & Decision                                  Attendance
article 75 states that the Bank must have guidelines and committee work rules, wherein for the Policy
                                                                                                              PPC Category A
& Procedure Committee has been regulated in the Board of Directors Decree No. KEP.DIR/061/2024,
consisting of:                                                                                                1      31 May 2024    Revision of the Subsidiary Management Policy (KPPA)         Circular Memo with 100%
1. Purpose of the committee establishment                                                                                                                                                       attendance rate
2. Duties, responsibilities, and authority of the committee                                                   2      19 June 2024   Revision of the Risk Management Policy (KMNR), Operational Circular Memo with 100%
3. Structure and membership of the committee                                                                                        Policy (KOPR), and Legal, Compliance, and Anti-Money attendance rate
                                                                                                                                    Laundering, Countering the Financing of Terrorism, & Countering
4. Committee meetings, quorum and decision making
                                                                                                                                    the Proliferation of Weapons of Mass Destruction Policy (KHKA
5. Committee reporting                                                                                                              – AML CFT & PPSPM)

                                                                                                              3      15 August      Revision of the Operational Policy (KOPR)                   Circular Memo with 100%
Duties, Responsibilities and Authorities                                                                             2024                                                                       attendance rate
The following are Policy & Procedure Committee duties, responsibilities and authority:
                                                                                                              4      09 December Issuance of the Internal Control Over Financial Reporting (ICOFR) Meeting quorum with 100%
                                                                                                                     2024        Memorandum.                                                       attendance rate
PPC Category A
Duties and Responsibilities:                                                                                  PPC Category B
1. Discuss the formulation and/or adjustment/refinement of the Company’s Policies and Mandiri Group           5      30 Januari     Revision of the Capital Adequacy Calculation Standard Circular Memo with 100%
   Regulations.                                                                                                      2024           Procedure (SP PKM)                                    attendance rate
2. Review proposals for granting ex-officio authority to Company executives.                                  6      26 Febuary     Revision of the Taxation Standard Procedure                 Circular Memo with 100%
                                                                                                                     2024                                                                       attendance rate
Authorities:
                                                                                                              7      06 Maret 2024 Preparation of the Customer Protection Standard Procedure    Circular Memo with 100%
1. Recommend the formulation and/or adjustment/refinement of the Company’s Policies and Mandiri                                                                                                 attendance rate
   Group Regulations.
                                                                                                              8      06 Maret 2024 Revision of Credit Collection & Recovery Retail SPO          Circular Memo with 100%
2. Approve the granting of ex-officio authority to Company executives.                                                                                                                          attendance rate




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POLICY & PROCEDURE COMMITTEE                                                                                                                                                            POLICY & PROCEDURE COMMITTEE




 No.       Date                           Agenda & Decision                                 Attendance         No.      Date                          Agenda & Decision                                 Attendance
9      13 Maret 2024 Revision of Fund Products SPO                                 Circular Memo with 100%    30     21 November Revision of Trade Services, Trade Finance, and Bank Guarantees Circular Memo with 100%
                                                                                   attendance rate                   2024        SPO.                                                           attendance rate
                                                                                                                                 Revision of Cash Management SPO
10     18 Maret 2024 Revision of Digital Services SPO                              Circular Memo with 100%
                                                                                   attendance rate            31     03 December Revision of Operational Risk Management SPO (SPO MRO)         Circular Memo with 100%
                                                                                                                     2024                                                                      attendance rate
11     18 Maret 2024 Revision of Rupiah Transfer SPO                               Circular Memo with 100%
                                                                                   attendance rate            32     09 December Revision of Compliance Standard Procedure                     Circular Memo with 100%
                                                                                                                     2024                                                                      attendance rate
12     18 Maret 2024 Revision of Wholesale Credit Operation SPO, Commercial SPK, Circular Memo with 100%
                     and ARP SPO                                                 attendance rate              33     09 December Revision of Risk-Based Bank Rating (RBBR) SPO                 Circular Memo with 100%
                                                                                                                     2024                                                                      attendance rate
13     19 Maret 2024 Revision of Consumer SPK                                      Circular Memo with 100%
                                                                                   attendance rate            34     09 December Revision of Consumer SPK and Micro SPK                        Circular Memo with 100%
                                                                                                                     2024                                                                      attendance rate
14     05 April 2024   Revision of Credit Collection & Recovery (CCR) Wholesale SPO Circular Memo with 100%
                                                                                    attendance rate           35     10 December Revision of Other Services SPO                                Circular Memo with 100%
                                                                                                                     2024                                                                      attendance rate
15     03 June 2024    Revision of Customer Complaint Management SPO               Circular Memo with 100%
                                                                                   attendance rate            36     11 December Revision of Treasury Standard Procedure (SPT) (Integration of Circular Memo with 100%
                                                                                                                     2024        Bundled FX Swap - FX Forward Transactions for SDA DHE Fund attendance rate
16     03 June 2024    Revision of Customer Service SPO                            Circular Memo with 100%                       Utilization into the Treasury Standard Procedure (SPT))
                                                                                   attendance rate
                                                                                                              37     17 December Revision of Internal Audit Standard Procedure (SPIA)          Circular Memo with 100%
17     05 August       Revision of Credit Operations Retail SPO                    Circular Memo with 100%           2024                                                                      attendance rate
       2024                                                                        attendance rate
                                                                                                              38     19 December 1. Revision of Risk Appetite Statement SPO (SPO RAS).         Circular Memo with 100%
18     16 August       Revision of Data Management SPO                             Circular Memo with 100%           2024        2. Revision of Performance Management SPO                     attendance rate
       2024                                                                        attendance rate
                                                                                                              39     20 December Revision of Subsidiary Management Standard Procedure (SPPPA) Circular Memo with 100%
19     19 August       Revision of Consumer SPK                                    Circular Memo with 100%           2024                                                                     attendance rate
       2024                                                                        attendance rate
                                                                                                              40     20 December Revision of Wealth Service Management Standard Procedure Circular Memo with 100%
20     18 September Revision of Bancassurance SPO                                  Circular Memo with 100%           2024        Operational                                              attendance rate
       2024                                                                        attendance rate
                                                                                                              41     20 December 1. Revision of Overseas Branch Standard Procedure Operational Circular Memo with 100%
21     24 September Revision of Electronic Money Management SPO                    Circular Memo with 100%           2024        2. Revocation of Credit Policy Statement Bank Mandiri Shanghai attendance rate
       2024                                                                        attendance rate                                  (BMSH) Branch
22     27 September Issuance of Sustainable Finance SPO (SPO KB)                   Meeting quorum with 100%
       2024                                                                        attendance rate            Policy & Procedure Committee Works Plan in 2025
23     03 October      1. Revision of Corporate SPK, Commercial SPK, FI SPK        Circular Memo with 100%
       2024            2. Revision of Credit Operation Wholesale SPO               attendance rate            • Adjustment/refinement of Mandiri Group Stipulations.
24     08 October      Revision of Credit Collection & Recovery Retail SPO         Circular Memo with 100%    • Adjustment/refinement of Policies.
       2024                                                                        attendance rate            • Adjustment/refinement of the Company’s Standard Procedures adjusted with regulatory and business/
                                                                                                                operational needs.
25     14 October      1. Revision of Corporate SPK, Commercial SPK, FI SPK        Circular Memo with 100%
       2024            2. Revision of Credit Operation Wholesale SPO               attendance rate

26     21 October      Revision of Fund Products SPO                               Circular Memo with 100%
       2024                                                                        attendance rate

27     22 October      Revision of Branch Office Network SPO                       Circular Memo with 100%
       2024                                                                        attendance rate

28     05 November Revision of Human Resources Standard Procedure                  Circular Memo with 100%
       2024                                                                        attendance rate

29     19 November Revision of Intangible Fixed Asset Management SPO               Circular Memo with 100%
       2024                                                                        attendance rate




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RISK MANAGEMENT COMMITTEE                                                                                                                                                                                                             RISK MANAGEMENT COMMITTEE




                                                                                                                                                              Risk Management & Credit Policy Committee Members Profile As of 31 December
                                                                                                                                                              2024

                                                                                                                                                                                                                                                             Educational
                                                                                                                                                                      Name                    Position                         Description
                                                                                                                                                                                                                                                             Background
The Risk Management Committee (RMC) is established
to support the Board of Directors in managing risks.                                                                                                          Alexandra Askandar   Chairman/Permanent Voting
                                                                                                                                                                                   Member
                                                                                                                                                                                                                     Vice President Director        The Educational
                                                                                                                                                                                                                                                    Background is
The responsibilities include identifying, measuring, and                                                                                                      Agus Dwi Handaya     Permanent Voting Member
                                                                                                                                                                                                                                                    presented in the
                                                                                                                                                                                                                     Director of Compliance & Human Board of Directors’
monitoring risks, establishing risk management policies                                                                                                                                                              Resources                      Profile Section of this
                                                                                                                                                                                                                                                    Annual Report
and strategies.                                                                                                                                               Aquarius Rudianto    Permanent Voting Member           Director of Networks & Retail
                                                                                                                                                                                                                     Banking

                                                                                                                                                              Toni E. B. Subari    Permanent Voting Member           Director of Operations

                                                                                                                                                              Sigit Prastowo       Permanent Voting Member           Director of Finance & Strategies

                                                                                                                                                              Danis Subyantoro     Permanent Voting Member           Director of Risk Management

                                                                                                                                                              Wildan Sanjoyo       Permanent Voting Member           SEVP Wholesale Risk                 The Educational
Risk Management Committee Structure and Membership                                                                                                                                                                                                       Background is
                                                                                                                                                                                                                                                         presented in the
                                                                                                                                                                                                                                                         Executive Officials
Based on the Board of Directors Decree No. KEP.DIR/028/2024 concerning Risk Management Committee                                                                                                                                                         Profile Section of this
dated 22 May 2024, the structure and membership of RMC are as follows:                                                                                                                                                                                   Annual Report


Risk Management Committee Member Structure
Chairman                                 Vice President Director                                                                                              Risk Management                                         Risk Management Committee
                                                                                                                                                              Committee Charter                                       Duties and Responsibilities
Secretary                                Credit Portfolio Risk Group Head

Alternate Secretary                      Market Risk Group Head                                                                                               Pursuant to POJK No. 17 of 2023 concerning the          The RMC’s duties, authorities, and responsibilities
                                         1. Vice President Director
                                                                                                                                                              Implementation of Governance for Commercial             are:
                                         2. Director of Compliance & HR                                                                                       Banks article 75 states that the Bank must have         1. Duties and Authorities
                                         3. Director of Network & Retail Banking                                                                              guidelines and committee work rules, wherein               a. Developing Risk Management policy and its
                                         4. Director of Operations                                                                                            for the Risk Management Committee has been                    amendments, including Risk Management
Permanent Voting Member
                                         5. Director of Finance & Strategies
                                         6. Director of Information Technology                                                                                regulated in Board of Directors Decree No. KEP.               strategy, Risk Management framework
                                         7. Director of Risk Management                                                                                       DIR/028/2024, consisting of:                                  and contingency plan to anticipate the
                                         8. SEVP Wholesale Risk                                                                                               1. Purpose of the committee establishment                     abnormal conditions.
Non-Permanent Voting                     Other Board of Directors and SEVPs Member related to the material present as invitee                                 2. Duties, responsibilities, and authority of the          b. Monitoring risk profile and management of
Member                                                                                                                                                            committee                                                 all risks to establish risk appetite, risk limit,
Permanent Non-Voting                     Compliance & AML-CFT Group Head
                                                                                                                                                              3. Structure and membership of the committee                  and integrated risk management strategy
Member                                                                                                                                                        4. Committee meetings, quorum and decision                    as well as capital adequacy.
                                                                                                                                                                  making                                                 c. P e r f o r m i n g i m p r o v e m e n t s t o t h e
                                         1. Group Head/other Group Head level invited in relation to material for Committee
Contributing Non-Voting                                                                                                                                       5. Mechanism of the performance evaluation,                   implementation of risk management on a
                                            agenda
Member
                                         2. Committee Secretary                                                                                                   and                                                       regular basis and incidentally as a follow-
                                                                                                                                                              6. fPeriodical reviu of the guidelines and                    up to changes in internal and external
                                         1. Internal Audit SEVP*) or Internal Audit Group Head or Internal Audit Directorate
                                            official present as invitee.                                                                                          committee work rules.                                     conditions that affected the capital
Invitee
                                         2. Official in operational risk, the Operational Risk Senior Head related to material for                                                                                          adequacy and Company risk profile.
                                            committee agenda present as invitee.                                                                                                                                         d. Discussing strategic matters in the scope of
*) In the event that the material discussed in the Committee is material proposed by SEVP Internal Audit, then SEVP Internal Audit acts as a Voting Member.                                                                 risk management including in Subsidiaries.




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RISK MANAGEMENT COMMITTEE                                                                                                                                                                          RISK MANAGEMENT COMMITTEE




2. Responsibilities:                                           Performance Implementation in 2024                                                                                                                 Quorum
   a. Determining a risk management framework                                                                        No.     Meeting Date                          Meeting Agenda                               Attendance   Remark
      and methodology to identify, measure and                 In fulfilling its duties and responsibilities, RMC                                                                                                   (%)
      mitigate risks, including for stress conditions          convenes meetings at least 2 (two) times a year.      9     1 July 2024         Periodic Review of Self-Assessment Methodology of the               100%       Circular
      and contingency plans.                                   Additional meetings may be held at anytime as                                   Individual Risk Profile and Bank Soundness Level for the first
                                                                                                                                               semester of 2024
   b. Determining items related to business                    needed at the request of one or more voting
      decisions that had specific conditions (such             members of the committee, at the request of the       10    2 July 2024         The Revision of Anti-Fraud Strategy (SAF) Document for              100%       Circular
                                                                                                                                               2024.
      as allocation and limit allocations in credit            Board of Directors, or based on a written proposal
                                                                                                                     11    2 July 2024         Review of Limits for Banking Book, Trading Book, and                100%       Circular
      portfolio management).                                   from a relevant unit. Such requests shall include
                                                                                                                                               Liquidity.
   c. Giving recommendations to the President                  discussion materials and be coordinated with the
                                                                                                                     12    15 July 2024        Self-Assessment of Bank Mandiri Individual Risk Profile and         100%        Online
      Director regarding:                                      Committee Secretary.                                                            Bank Soundness Level for the position of 30 June 2024.
      • Preparation and/or adjustment/                                                                                                         Periodic Review of Self-Assessment Methodology of the
                                                                                                                     13    17 July 2024                                                                            100%       Circular
          improvement of Policies, Strategies and              In 2024, the RMC approved 25 (twenty five)                                      Integrated Risk Profile and Consolidated Bank Soundness
          Guidelines for The Risk Management                   decisions through 15 (fifteen) online meetings                                  Level for the first semester of 2024
          Implementation.                                      and 10 (ten) circular decisions, with the following   14    5 August 2024       Self-Assessment of Bank Mandiri Integrated Risk Profile and         100%        Online
      • Enhancement or improvement of the                      details:                                                                        Consolidated Bank Soundness Level for the posisition of
                                                                                                                                               30 June 2024
          Risk Management implementation
                                                                                                                     15    30 August 2024      Review of the       Internal Soft Limit for the Daily               100%       Circular
          based on the evaluation of the Risk                                                                                                  Macroprudential        Intermediation   Ratio   (RIM).
          Management implementation.
                                                                                                                     16    13 September 2024   Risk Maturity Index (RMI) Assessment Results for 2024.              100%        Online
      • Determination of items related to
          business decisions, including those that                                                                   17    30 September 2024   Report for the Diagnostics Review of Internal Control over          100%        Online
                                                                                                                                               Financial Reporting (ICoFR)
          deviated from normal procedures.
                                                                                                                     18    15 October 2024     Self-Assessment of Bank Mandiri Individual and                      100%        Online
                                                                                                                                               Consolidated Risk Profile for the position of 30 September
    d. Delegating authority to appointed officials                                                                                             2024
       to decide and implement operational                                                                                                     The Implementation of LPG Area in Pilot Regions (Region
                                                                                                                     19    18 October 2024                                                                         100%        Online
       activities.                                                                                                                             I/Sumatra 1, Region IV/Jakarta 2, and Region VIII/Java 3).
                                                                                                                     20    9 December 2024     Periodic Review of Self-Assessment Methodology of the               100%       Circular
                                                                                                                                               Individual Risk Profile and Bank Soundness Level for the
                                                                                                                                               second semester of 2024
                                                                                           Quorum
                                                                                                                     21    10 December 2024    Cybersecurity Risk Management Framework (MRKS).                     100%        Online
No.     Meeting Date                           Meeting Agenda                            Attendance    Remark
                                                                                             (%)                     22    17 December 2024    Sustainability Finance Framework (SFF) and Transition               100%       Circular
                                                                                                                                               Finance Framework (TFF).
1     12 January 2024      Underlying Assets for the Preparation of the Sustainability      100%         Online
                                                                                                                     23    27 December 2024    Monitoring and Evaluating Result of the Consolidated                100%        Online
                           Bond Report, ESG Repo Report, and Green Bond Rupiah
                                                                                                                                               Counterparty Limit (CCL) Framework.
                           Report.
                                                                                                                     24    27 December 2024    The Revision of Anti-Fraud Strategy (SAF) Document for              100%       Circular
2     12 January 2024      Bank Mandiri Risk Appetite Statement for 2024.                   100%         Online                                2024.
3     16 January 2024      Self-Assessment of Bank Mandiri Individual Risk Profile and      100%         Online      25    31 December 2024    Periodic Review of Self-Assessment Methodology of the               100%       Circular
                           Bank Soundness Level for the position of 31 December                                                                Integrated Risk Profile and Consolidated Bank Soundness
                           2023.                                                                                                               Level for the second semester of 2024
4     30 January 2024      Self-Assessment of Bank Mandiri Integrated Risk Profile and      100%         Online
                           Consolidated Bank Soundness Level for the position of
                           31 December 2023.                                                                         Risk Management Committee Works Plan in 2025
5     21 March 2024        Review of Liquidity Risk Limits for 2024.                        100%         Online

6     22 April 2024        Self-assessment of Bank Mandiri Individual and                   100%         Online
                                                                                                                     1. Monitor risk profile and management of all risks in order to establish a risk appetite and integrated
                           Consolidated Risk Profile for the position of 31 March 2024                                  risk management strategies integrated and capital adequacy.
7     31 May 2024          Bottom-Up Stress Testing (BUST) for 2024.                        100%         Online      2. Evaluate and determine Risk Management policies, including Risk Management strategies, Risk
                                                                                                                        Management frameworks and contingency plans to anticipate abnormal conditions.
8     31 May 2024          Update on the Realization of the Sustainable Finance             100%         Online
                           Action Plan (RAKB) for the January to April 2024 period.




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CREDIT POLICY COMMITTEE                                                                                                                                                                                                                                                          CREDIT POLICY COMMITTEE




                                                                                                                                                              Credit Policy Committee Category B Member Structure
                                                                                                                                                              Chairman                                President Director

                                                                                                                                                                                                      1. Credit Portfolio Risk Group Head (Coordinator)
The Credit Policy Committee (CPC) is a committee                                                                                                              Secretary                               2. Corporate Risk 1 Group Head; and/or
                                                                                                                                                                                                      3. Corporate Risk 2 Group Head
established to assist the Board of Directors in formulating                                                                                                                           1. President Director
policies, overseeing policy implementation, monitoring                                                                                                                                2. Vice President Director
                                                                                                                                                                                      3. Director of Corporate Banking
the development and condition of the credit or financing                                                                                                      Permanent Voting Member
                                                                                                                                                                                      4. Director of Network & Retail Banking
portfolio, and providing recommendations for corrective                                                                                                                               5. Director of Finance & Strategies
                                                                                                                                                                                      6. Director of Risk Management
actions.                                                                                                                                                      Non-Permanent Voting                    Other Board of Directors and SEVPs Member related to the material present as invitee
                                                                                                                                                              Member

                                                                                                                                                              Permanent Non-Voting                    Director of Compliance & HR or Compliance & AML-CFT Group Head
                                                                                                                                                              Member

                                                                                                                                                                                                      1. Group Head/other Group Head level invited in relation to the material of Committee
                                                                                                                                                              Contributing Non-Voting
Credit Policy Committee Structure and Membership                                                                                                              Member
                                                                                                                                                                                                         agenda.
                                                                                                                                                                                                      2. Committee Secretary

Based on the Board of Directors Decree No. KEP.DIR/062/2024 dated 2 October 2024 concerning Credit                                                                                                    1. Director of Compliance & HR or Compliance & AML-CFT Group Head or appointed
Policy Committee, the structure and membership of CPC are as follows:                                                                                                                                    Compliance & AML-CFT officials.
                                                                                                                                                              Invitee
                                                                                                                                                                                                      2. Official in operational risk, the Senior Operational Risk Head according to discussion
                                                                                                                                                                                                         segment.
Credit Policy Committee Category A Member Structure
                                                                                                                                                              *) In the event that the material discussed in the Committee is material proposed by SEVP Internal Audit, then SEVP Internal Audit acts as a Voting Member.
Chairman                                 President Director

Secretary                                Credit Portfolio Risk Group Head

Alternate Secretary I                    Market Risk Group Head                                                                                               Credit Policy Committee Members Profile As of 31 December 2024
Alternate Secretary II                   Operational Risk Group Head
                                                                                                                                                              CPC Category A
                                         1. Vice President Director
                                         2. Director of Risk Management                                                                                                                                                                                                                                Educational
                                                                                                                                                                        Name                                     Position                                     Description
                                         3. Director of Network & Retail Banking                                                                                                                                                                                                                       Background
Permanent Voting Member                  4. Director of Operations
                                                                                                                                                              Darmawan Junaidi                 Chairman/Permanent Voting                         President Director                            The Educational
                                         5. Director of Finance & Strategies
                                                                                                                                                                                               Member                                                                                          Background is
                                         6. SEVP Wholesale Risk
                                                                                                                                                                                                                                                                                               presented in the Board
                                         7. Internal Audit SEVP                                                                                               Riduan                           Permanent Voting Member                           Director of Corporate Banking                 of Directors’ Profile
Non-Permanent Voting                     Other Board of Directors and SEVPs Member related to the material present as invitee                                                                                                                                                                  Section of this Annual
                                                                                                                                                              Aquarius Rudianto                Permanent Voting Member                           Director of Network & Retail
                                                                                                                                                                                                                                                                                               Report
Member                                                                                                                                                                                                                                           Banking

Permanent Non-Voting                     Director of Compliance & HR or Compliance & AML-CFT Group Head                                                       Toni E.B. Subari                 Permanent Voting Member                           Director of Operation
Member
                                                                                                                                                              Danis Subyantoro                 Permanent Voting Member                           Director of Risk Management
                                         1. Group Head/other Group Head level invited in relation to material for Committee
Contributing Non-Voting
                                            agenda                                                                                                            Totok Priyambodo                 Permanent Voting Member                           Director of Commercial Banking
Member
                                         2. Committee Secretary
                                                                                                                                                              Adi Pranantias                   Permanent Voting Member                           SEVP Internal Audit                           The Educational
                                         1. Internal Audit SEVP*) or Internal Audit Directorate Group Head or Internal Audit                                                                                                                                                                   Background is presented
                                            Directorate official present as invitee.                                                                                                                                                                                                           in the Executives Profile
Invitee                                                                                                                                                                                                                                                                                        Section of this Annual
                                         2. Official in operational risk, the Operational Risk Senior Head related to material for
                                                                                                                                                                                                                                                                                               Report
                                            committee agenda present as invitee.
*) In the event that the material discussed in the Committee is material proposed by SEVP Internal Audit, then SEVP Internal Audit acts as a Voting Member.




PT BANK MANDIRI (PERSERO) TBK                                                   836                                                                                                                                                       837                                                        ANNUAL REPORT 2024
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CREDIT POLICY COMMITTEE                                                                                                                                                                                   CREDIT POLICY COMMITTEE




CPC Category B                                                                                                         2. Category B – Credit Policy
                                                                                                   Educational            The CPC – Category B’s duties, authorities, and responsibilities are as follows:
          Name                     Position                       Description                                             a. Discussing and/or evaluating agendas related to Management Limits with the following scope:
                                                                                                   Background

Darmawan Junaidi           Chairman/Permanent          President Director                     The Educational                          Type      Maximum Master Limit                          Decision-Making Authority
                           Member                                                             Background is
                                                                                                                              Tier A           Up to a maximum of 90% of        All Limit Proposals                   Board of Directors
                                                                                              presented in the Board
Alexandra Askandar         Permanent Member            Vice President Director                                                                 the Legal Lending Limit (LLL)                                          Meeting
                                                                                              of Directors’ Profile
                                                                                              Section of this Annual          Tier B           Up to a maximum of 70% of        Master Limit Proposal at 60%-70% of   Board of Directors
Riduan                     Permanent Member            Director of Corporate Banking
                                                                                              Report                                           the Legal Lending Limit (LLL)    Legal Lending Limit (LLL)             Meeting
Aquarius Rudianto          Permanent Member            Director of Network & Retail Banking
                                                                                                                                                                                Master Limit Proposal at <60% of      CPC – Category B
Sigit Prastowo             Permanent Member            Director of Finance & Strategies                                                                                         Legal Lending Limit (LLL)

Danis Subyantoro           Permanent Member            Director of Risk Management                                            Tier C           Up to a maximum of 50% of        All Limit Proposals                   CPC –Category B
                                                                                                                                               the Legal Lending Limit (LLL)


Credit Policy Committee Charter                               c. Monitoring and evaluating the accuracy                    b. Determining Management Limits.
                                                                 of the exercise of credit decision-making
Pursuant to POJK No. 17 of 2023 concerning the                   authority, the credit granting process, the           Performance Implementation in 2024
Implementation of Governance for Commercial                      development, and the quality of credits
Banks article 75 states that the Bank must have                  granted to related parties and certain large          In fulfilling its duties and responsibilities, CPC convenes meetings at least once (1) a year or as deemed
guidelines and committee work rules, wherein for                 debtors.                                              necessary upon the request of one or more voting members, the Board of Directors, or a written proposal
the Risk Management & Credit Policy committee                 d. Monitoring and evaluating the accuracy of             from relevant work units regarding matters to be discussed. These meetings are coordinated with the
has been regulated in Board of Directors Decree                  the implementation of the Legal Lending               Committee Secretary.
No. KEP.DIR/062/2024, consisting of:                             Limit (LLL) provisions, compliance with laws
1. Purpose of the committee establishment                        and regulations related to credit granting,           In 2024, the CPC provided approvals through 1 (one) approval through circular mechanism, with the
2. Duties, responsibilities, and authority of the                and the resolution of problematic loans as            following details:
   committee                                                     set out in the Credit Policies.
3. Structure and membership of the committee                  e. Ensuring and evaluating the Bank’s efforts                                                                                                 Quorum
4. Committee meetings, quorum and decision                       in meeting the adequacy of loan loss                  No.   Meeting Date                      Meeting Agenda                                                   Remark
                                                                                                                                                                                                        Attendance (%)
   making                                                        provisions.
                                                                                                                       1     22 July 2024                                                              100%                  Circular
5. Committee reporting                                        f. Submitting periodic written reports and
                                                                                                                                              Revision of the Credit Policy (KPKD) to align with
                                                                 providing recommendations for corrective                                     regulatory provisions of POJK No. 17 of 2023 and the
Credit Policy Committee                                          actions to the Board of Directors, with                                      Risk Management Policy (KMNR).
Duties and Responsibilities                                      copies to the Board of Commissioners,
                                                                 regarding the results of oversight on the
1. Category A – Credit Policy                                    implementation and execution of Credit                Credit Policy Committee Works Plan in 2025
   The CPC – Category A’s duties, authorities, and               Policies and the monitoring and evaluation
   responsibilities are:                                         of the items mentioned above.                         1. Formulating policies, overseeing policy implementation, and monitoring the development and
   a. Monitoring and evaluating the development               g. Providing input to the Board of Directors                condition of the credit portfolio.
      and quality of the overall credit or financing             in the formulation and/or adjustment/                 2. Monitoring, evaluating, and establishing Management Limits for Tier B & C of Business Groups.
      portfolio.                                                 improvement of the Bank’s Credit Policies,
   b. Overseeing the implementation of                           especially concerning the formulation
      Credit Policies, formulating solutions in                  of prudential principles in lending, for
      case of obstacles or challenges in their                   subsequent approval by the Board of
      implementation, conducting periodic                        Commissioners.
      reviews of Credit Policies, and providing
      recommendations to the Board of Directors
      when changes or improvements are
      necessary.



PT BANK MANDIRI (PERSERO) TBK                          838                                                                                                                     839                                      ANNUAL REPORT 2024
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TRANSFORMATION COMMITTEE                                                                                                                                                                                                          TRANSFORMATION COMMITTEE




                                                                                                                                                                   1. Group Head/other Group Head level invited in relation with material of the
                                                                                                                      Contributing Non-Voting
                                                                                                                                                                      Committee Agenda
                                                                                                                      Member
                                                                                                                                                                   2. Committee Secretary

The Transformation Committee (TFC) is established to support                                                                                                       1. Internal Audit SEVP*) or Internal Audit Directorate Group Head or Internal Audit
                                                                                                                                                                      Directorate official present as invitee.
the Board of Directors in overseeing and addressing the                                                               Invitee
                                                                                                                                                                   2. Official in operational risk, the Operational Risk Senior Head related to material for
                                                                                                                                                                      committee agenda present as invitee.
Bank’s transformation needs. Its responsibilities include
                                                                                                                      *) In the event that the material discussed in the Committee is material proposed by SEVP Internal Audit, then SEVP Internal Audit acts as a Voting Member.
setting strategic directions for transformation development,
identifying and aligning transformation initiatives or projects
with the Bank’s business strategy, addressing and resolving                                                           Transformation Committee Members Profile As of 31 December 2024
strategic issues related to transformation management, and
determining adjustments to the organization, work units, and                                                                    Name                                     Position                                     Description
                                                                                                                                                                                                                                                             Educational
                                                                                                                                                                                                                                                             Background
executives involved in transformation functions in accordance
with the authority for organizational changes.                                                                        Darmawan Junaidi                 Chairman/Permanent Voting
                                                                                                                                                       Member
                                                                                                                                                                                                         President Director                            The educational
                                                                                                                                                                                                                                                       background is
                                                                                                                                                                                                                                                       presented in the Board
                                                                                                                      Alexandra Askandar               Permanent Voting Member                           Vice President Director                       of Directors’ profile
                                                                                                                                                                                                                                                       section of this Annual
                                                                                                                      Agus Dwi Handaya                 Permanent Voting Member                           Director of Compliance & HR                   Report
                                                                                                                      Toni E. B. Subari                Permanent Voting Member                           Director of Operations

Transformation Committee Structure and Membership                                                                     Sigit Prastowo                   Permanent Voting Member                           Director of Finance & Strategies

                                                                                                                      Timothy Utama                    Permanent Voting Member                           Director of Information
Based on the Decree of the Board of Directors No. KEP.DIR/038/2024 dated 22 May 2024 regarding the                                                                                                       Technology
Transformation Committee, the membership structure of TFC is as follows:                                              Danis Subyantoro                 Permanent Voting Member                           Director of Risk Management

Transformation Committee Membership Composition
Chairman                        President Director                                                                    Transformation Committee Charter
Secretary                       Head of Business Transformation
                                                                                                                      Pursuant to POJK No. 17 of 2023 concerning the Implementation of Governance for Commercial
Alternate Secretary I           Head of Corporate Transformation                                                      Banks article 75 states that the Bank must have guidelines and committee work rules, wherein for the
Alternate Secretary II          Group Head of Strategic Investment & Subsidiaries Management
                                                                                                                      Transformation Committee has been regulated in the Board of Directors Decree No. KEP.DIR/038/2024,
                                                                                                                      consisting of:
Voting Members                                                                                                        1. Purpose of the committee establishment
                                1. President Director                                                                 2. Duties, responsibilities, and authority of the committee
                                2. Vice President Director                                                            3. Structure and membership of the committee
                                3. Director of Compliance & HARI
                                                                                                                      4. Committee meetings, quorum and decision making
Permanent Voting Member         4. Director of Operations
                                5. Director of Finance & Strategies                                                   5. Committee reporting
                                6. Director of Information Technology
                                7. Director Risk Management                                                           Duties, Responsibilities and Authorities
Non-Permanent Voting            Board of Directors Member/SEVP related to the material present as invitee
Member                                                                                                                The following are Transformation Committee duties, responsibilities and authority:
Permanent Non-Voting            Group Head Compliance & AML-CFT
Member                                                                                                                Duties and Responsibilities:
                                                                                                                      1. Provide guidance on transformation proposals, including but not limited to initiatives/projects to be
                                                                                                                         implemented and managed by the transformation unit in alignment with the Bank’s business strategy.




PT BANK MANDIRI (PERSERO) TBK                            840                                     ANNUAL REPORT 2024                                                                               841                                                        ANNUAL REPORT 2024
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TRANSFORMATION COMMITTEE                                                                                                                                                        CREDIT COMMITTEE/RAPAT KOMITE KREDIT




2. E n s u r e t h a t t h e i m p l e m e n t a t i o n o f     Performance Implementation in 2024                   3. Harmonization of Transformation Initiatives with Business Strategy: Establish comprehensive guidelines
   transformation initiatives/projects proceeds                                                                          to ensure that each transformation initiative aligns with Bank Mandiri’s 2025 business strategy. This
   according to the established transformation                   In fulfilling its duties and responsibilities, TFC      includes internalizing transformation across all work units and employees, including subsidiaries, to
   plan.                                                         convenes meetings at least 3 (three) times a year.      embed transformation as an integral part of the organizational culture.
3. Address and resolve strategic issues related to               Additional meetings may be held at anytime as        4. Resolution of Strategic Transformation Issues: Identify and implement innovative strategic solutions to
   transformation management.                                    needed at the request of one or more voting             address key issues affecting the effectiveness of transformation management. This includes addressing
                                                                 members of the committee, at the request of the         challenges related to human resources, technology, and governance.
Authorities:                                                     Board of Directors, or based on a written proposal   5. Adjustment of Organizational Structure and Transformation Capabilities: Implement adjustments
1. Define strategic direction for the development                from a relevant unit. Such requests shall include       to the organizational structure, work units, and human resource management while enhancing
   of the Bank’s transformation efforts.                         discussion materials and be coordinated with the        organizational capabilities. This aims to strengthen ecosystem orchestration and ensure seamless
2. Determine the initiatives/projects to be                      Committee Secretary.                                    execution of transformation functions in alignment with Bank Mandiri’s strategic needs.
   implemented and managed by the
   transformation unit in alignment with the Bank’s              Throughout 2024, the Transformation Committee
   business strategy.                                            has carried out its duties, responsibilities, and
3. Approve organizational adjustments within                     authorities by making 5 (five) decisions, detailed


                                                                                                                                           CREDIT COMMITTEE/RAPAT
   units and appointments of officers performing                 as follows:
   transformation functions, in accordance with
   organizational change authorities.


No.           Date                             Agenda & Decision                               Attendance                                            KOMITE KREDIT
1     16 January 2024        Update Project Lunar Stream 3 – Strengthen Core           Meeting quorum with 100%
                             Competence                                                attendance rate

2     20 February 2024       Update Project Lunar Stream 4 – Achieve Urban             Meeting quorum with 100%
                             Leadership                                                attendance rate

3     13 May 2024            Update Project Lunar Stream 5 – Extract Value from        Meeting quorum with 71%
                             Subsidiaries                                              attendance rate

4     6 June 2024            Update Project Lunar Stream 6 – Conduct Sustainable       Meeting quorum with 71%
                             Business                                                  attendance rate                The Credit Committee/Rapat Komite Kredit (RKK) is
5     13 August 2024         Update Project Lunar Stream 1 – Create Business Leaders   Meeting quorum with 100%       established to assist the Board of Directors in making decisions
                                                                                       attendance rate
                                                                                                                      regarding lending activities. These include new loans,
Transformation Committee Works Plan in 2025                                                                           additional loans, loan reductions, and/or loan extensions
                                                                                                                      managed by the Business Unit, in line with the established
To support the vision and mission of Bank Mandiri and ensure the achievement of the established strategic
objectives, the Transformation Committee in 2025 will focus on the following measures:
                                                                                                                      limits of authority. This also covers decisions related to the
1. Evaluation of the 2024 Transformation: Conduct a comprehensive evaluation of achievements and                      determination or modification of loan structures.
    challenges encountered during the implementation of the 2024 transformation program.
2. Establishment of Strategic Transformation Priorities: Develop specific, measurable transformation
    priorities aligned with the 2025 business plan to ensure the sustainability of strategic initiatives. This
    includes strengthening ecosystem orchestration to foster synergy across business segments and
    ensuring balanced growth between retail and wholesale segments.                                                   Since the inception of Bank Mandiri, the Credit Committee has been established, comprising representatives
                                                                                                                      from the Business Unit and the Risk Unit. The structure and work processes of the Credit Committee have
                                                                                                                      been refined several times. In 2005, a fundamental update of the lending process was implemented
                                                                                                                      to ensure more prudent and effective loan and risk management practices, while reinforcing the
                                                                                                                      application of Good Corporate Governance principles.




PT BANK MANDIRI (PERSERO) TBK                                  842                                                                                                     843                                    ANNUAL REPORT 2024
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CREDIT COMMITTEE/RAPAT KOMITE KREDIT                                                                                                                     SOCIAL & ENVIRONMENTAL RESPONSIBILITY COMMITTEE (SERC)




Loan approvals within the Wholesale segment                 The Credit Committee Charter defines key aspects          5. The extension of loans period can only be done after the proportional distribution of debtor transactions
are conducted through discussions in the Credit             such as the duties, responsibilities, and authorities        has been carried out to the debtor’s operating account at Bank Mandiri. If the distribution of debtor
Committee Meeting, which adheres to the four-               of the Credit Committee. The Charter also governs            transactions to the operating account has not been carried out proportionally, then the extension
eyes principle. This principle ensures a robust             the Committee’s structure and membership,                    of loan facility must be submitted and requested the approval from the Credit Committee/Credit
check-and-balance process between the Business              ensuring proportional representation of both                 Restructuring Committee according to the limit of authority by informing the condition.
Unit as the Initiator and the Risk Unit as the Risk         business functions and credit risk functions.
Mitigator.                                                                                                            Credit Committee Duties Implementation in 2024
                                                            Credit Committee Duties
In addition to the main members, representatives            and Responsibilities                                      In 2024, the Credit Committee has made 1.250 loans decisions, consisting of 427 in the Corporate
from the Legal Group and Compliance Group                                                                             segment, and 823 in the Commercial segment.
participate in Credit Committee Meeting to provide          In carrying out its functions, the Credit Committee
independent legal and compliance opinions. This             has the duties and responsibilities as set forth in
ensures that the decision-making process remains            the Loans Procedure Standards per segment as              Credit Committee Works Plan in 2025
objective, prevents the dominance of operational            follows:
units, mitigates conflicts of interest, and facilitates     1. Credit Committee                                       The Credit Committee has set the 2025 works plan, among others, to provide recommendations and/
stress-free and balanced decisions.                             The Credit Committee shall recommend and/or           or approval of lending (new, additional, decrease, and or renewal) managed by the Business Unit in
                                                                terminate the loans (new, addition, reduction,        accordance with the authority of limit, including the determination/change of loans structure.
If a Credit Committee member is responsible for                 and/or renewal) managed by the Business
credit recovery functions, the committee assumes                Unit in accordance with the authority limit,


                                                                                                                                        SOCIAL & ENVIRONMENTAL
the role of the Restructuring Credit Committee to               including the credit structure determination/
address loan restructuring decisions effectively.               amendment.
                                                            2. Credit Committee – Restructuring


                                                                                                                                        RESPONSIBILITY COMMITTEE
                                                                a. Credit Committee – Restructuring is
Credit Committee Membership                                         authorized to recommend and or decide
and Structure                                                       as authorized by:

RKK is formed based on the Decree of the Board of
                                                                b. Restructuring and completion of loans for
                                                                    Collectability 3, 4, 5 and collectability 1 and                                       (SERC)
Directors No. KEP. DIR/001/2021 dated 13 January                    2 post restructuring which is still managed
2021 on the Executive Committee of the Board                        by the Credit Recovery Unit.
of Directors of PT Bank Mandiri (Persero) Tbk, and              c. Restructuring of collectability Credits 1 and
the Decree of the Board of Directors No. KEP.                       2 category watch lists.
DIR/059/2021 dated 24 November 2021.                            d. Recovery/settlement of loans extraction
                                                                                                                      The Social & Environmental Responsibility Committee (SERC) is
                                                                    tables, including deciding the acquired           established to support the Board of Directors in coordinating
The composition of RKK members is determined                        assets (AYDA).                                    across work units and functions to achieve the following
based on the Four Eyes Principle, ensuring a                    e. Write-off the book and remove credit
proportional balance between representatives                        charges.
                                                                                                                      objectives: formulating goals and guidelines for implementing
holding business authority and those holding credit         3. The authority and responsibility for loans             the Bank Mandiri TJSL (Social and Environmental Responsibility)
risk authority. To support its implementations, the             decision is attached by individual and not by         Program, mapping and preparing the TJSL Program, and assisting
Credit Committee is equipped with a Committee                   position where each authority holder for loan
Secretary.                                                      decision is mutually independent and taken
                                                                                                                      the Board of Directors in evaluating its implementation.
                                                                the same authority in the decision or refusal
Credit Committee Charter                                        of a loan proposal.
                                                            4. The authority to terminate loans is utilized in        Social & Environmental Responsibility Committee Structure and Memberships
Bank Mandiri has established a Credit Committee                 accordance with the applicable lending and
Charter, which is stipulated in the Standard Credit             procedures.                                           Based on the Decree of the Board of Directors No. KEP.DIR/031/2024 dated 22 May 2024 concerning
Procedures specific to each business segment.                                                                         the Social & Environmental Responsibility Committee (SERC), the structure and membership of the SERC
                                                                                                                      are as follows:




PT BANK MANDIRI (PERSERO) TBK                             844                                                                                                           845                                     ANNUAL REPORT 2024
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SOCIAL & ENVIRONMENTAL RESPONSIBILITY COMMITTEE (SERC)                                                                                                      SOCIAL & ENVIRONMENTAL RESPONSIBILITY COMMITTEE (SERC)




Social & Environmental Responsibility Committee Member Structure                                                           Social & Environmental                                Performance Implementation in 2024
                                                                                                                           Responsibility Committee Charter
Head                             Director of Institutional Relations                                                                                                             In fulfilling its duties and responsibilities, SERC
                                                                                                                           Pursuant to POJK No. 17 of 2023 concerning the        convenes meetings at least 2 (two) times a year.
Secretary                        Group Head Corporate Secretary
                                                                                                                           Implementation of Governance for Commercial           Additional meetings may be held at anytime as
Substitute Secretary             Head of Government Project 3                                                              Banks article 75 states that the Bank must have       needed at the request of one or more voting
                                 1. Director of Institutional Relations
                                                                                                                           guidelines and committee work rules, wherein          members of the committee, at the request of the
                                 2. Group Head Corporate Secretary                                                         for the Social & Environmental Responsibility         Board of Directors, or based on a written proposal
Permanent Members with           3. Group Head Environment, Social & Governance                                            Committee has been regulated in the Board of          from a relevant unit. Such requests shall include
Voting Rights                    4. Group Head Strategy & Performance Management                                           Directors Decree No. KEP.DIR/031/2024, consisting     discussion materials and be coordinated with the
                                 5. Group Head Distribution Strategy
                                 6. Head of Government Project 3                                                           of:                                                   Committee Secretary.
                                                                                                                           1. Purpose of the committee establishment
Non-Permanent Members            Members of the Board of Directors and SEVP regarding the materials present as an
                                                                                                                           2. Duties, responsibilities, and authority of the     Throughout 2024, the Social & Environmental
with Voting Rights               invitation
                                                                                                                               committee                                         Responsibility Committee has carried out its duties,
Permanent Members without        Director of Compliance & HR or Group Head Compliance & AML-CFT                            3. Structure and membership of the committee          responsibilities, and authorities by making 2 (two)
Voting Rights
                                                                                                                           4. Committee meetings, quorum and decision            decisions, detailed as follows:
Contributing Members             Group Head/other Group Head levels who attended as an invitation related to the               making
without Voting Rights            material on the committee's agenda.
                                                                                                                                                                                                                     Quorum
                                                                                                                           5. Committee reporting                                       Meeting
                                                                                                                                                                                  No.                Meeting Agenda Attendance
                                 Executives in operational risk, namely the Senior Operational Risk Head, related to the                                                                 Date
                                                                                                                                                                                                                        (%)
Invitees without Voting Rights   material on the agenda of the committee that was present as a permanent invitation
                                 without voting rights.                                                                                                                          1      24 July 2024 Performance of              100
                                                                                                                           Duties, Responsibilities and Authorities                                  the Social and
                                                                                                                           The following are the Social & Environmental                              Environmental
                                                                                                                                                                                                     Responsibility Program
                                                                                                                           Responsibility Committee duties, responsibilities
                                                                                                                                                                                                     in 2024
Social & Environmental Responsibility Committee                                                                            and authority:
Members Profile As of 31 December 2024                                                                                                                                           2      1
                                                                                                                                                                                        November
                                                                                                                                                                                                     • Performance of            100
                                                                                                                                                                                                       the Social and
                                                                                                                           Duties and Responsibilities:                                 2024           Environmental
                                                              Position in the                                              Coordinate across work units/divisions to define                            Responsibility
       Name            Position in the Committee                                          Educational Background           goals and implementation guidelines for Bank                                Program in 2024
                                                               Company
                                                                                                                                                                                                     • Plan for the
                                                                                                                           Mandiri’s Social and Environmental Responsibility
Rohan Hafas            Chairman/Permanent Voting        Director of Institutional   The educational background is                                                                                      Social and
                                                                                                                           (TJSL) Program;                                                             Environmental
                       Member                           Relations                   presented in the Board Directors
                                                                                    Profile in this Annual Report.         Conduct mapping and preparation of the TJSL                                 Responsibility
                                                                                                                           Program; and                                                                Program in 2025
_                      Secretary/Permanent Voting       Group Head Corporate        The educational background
                       Member                           Secretary                   is presented in the Corporate          Assist the Board of Directors in evaluating the
                                                                                    Secretary Profile in this Annual       implementation of the TJSL Program.                   Social & Environmental Responsibility
                                                                                    Report.                                                                                      Committee Work Plans for 2025
Citra Amelya           Permanent Voting Member          Group Head Environment,                        -                   Authorities:                                          1. Determination of Bank Mandiri TJSL distribution
                                                        Social & Governance                                                1. Determine and coordinate the work units               framework 2025.
Antonius Kunta         Permanent Voting Member          Group Head Strategy &                          -                      responsible for implementing Bank Mandiri’s        2. Evaluation of TJSL Training & Socialization to
Widyatmaka                                              Performance Management                                                TJSL Program, ensuring that the program meets         Regional Executives 1-12 of Bank Mandiri.
                                                                                                                              its established targets; and                       3. Evaluation of Bank Mandiri TJSL disbursement
Trilaksito Singgih     Permanent Voting Member          Group Head Distribution                        -
Hudanendra                                              Strategy                                                           2. Request data and information related to the           performance in 2024.
                                                                                                                              TJSL Program.
Hendrianto             Permanent Voting Member          Head of Government                             -
Setiawan                                                Project 3




PT BANK MANDIRI (PERSERO) TBK                                 846                                                                                                          847                                         ANNUAL REPORT 2024
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CORPORATE SECRETARY                                                                                                                                                                                CORPORATE SECRETARY




                                                                                                               is temporarily managed by M. Wisnu Trihanggodo as SEVP Corporate Relations until a new Corporate
The Corporate Secretary plays a strategic role in ensuring the                                                 Secretary of the Company is appointed. This has been reported to the OJK through Letter No. CRL.
                                                                                                               CSC/CMA.1787/2024.
Company’s adherence to legal and regulatory requirements as
part of its commitment to Good Corporate Governance. The role                                                  The profile of Corporate Secretary is presented below:
facilitates the transparent dissemination of important information
to stakeholders, including shareholders, regulatory authorities,
analysts, and the public, ensuring all disclosures are accurate,
timely, and comprehensive. The Corporate Secretary also
oversees the Company’s internal and external communications                                                                              TEUKU ALI USMAN                            M. WISNU
                                                                                                                                         Corporate Secretary                   TRIHANGGODO
to promote transparency and is responsible for maintaining and                                                                                                                     SEVP Corporate
enhancing the Bank’s reputation among its stakeholders.                                                                                                                     Relations concurrently
                                                                                                                                                                             as Acting Corporate
                                                                                                                                                                                         Secretary



As a key liaison, the Corporate Secretary bridges        3. SOE Minister Regulation No. PER-01/MBU/2011        Age : 56 Years old                                        Age : 50 Year Old
the communication between the Bank’s internal               concerning the Implementation of Good              Citizenship : Indonesia                                   Citizenship : Indonesia
                                                                                                               Domicile : Jakarta                                        Domicile : Jakarta
organs and external entities, such as government            Corporate Governance in State-Owned
institutions, non-government organizations,                 Companies, as last amended by PER-2/               Certification                                             Certification
shareholders, and participants in the capital               MBU/03/2023 of 2023 concerning Guidelines          Risk Management Level 4                                   Risk Management Level 4
market. Reporting to the Board of Directors, the            for Governance and Significant Corporate
Corporate Secretary carries out its duties under            Activities of State-Owned Enterprises.             Educational Background
                                                                                                                                                                         Educational Background
                                                                                                               • Bachelor in Accounting Economics at Sriwijaya
a formal appointment and dismissal process               4. Law No. 19 of 2003 concerning State-Owned             University (1992)
                                                                                                                                                                         • Bachelor’s degree in Industrial Engineering from
governed by the Board of Directors’ decree.                 Enterprises.                                                                                                    Trisakti University (1998)
                                                                                                               • Master in Management at A.I.P Perbanas Jakarta)
                                                                                                                                                                         • Master’s degree in International Business from Monash
                                                         5. Board of the Director’s Decree No. KEP.                                                                         University (2001)
                                                                                                               Professional Background
At Bank Mandiri, the Corporate Secretary function           DIR/047/2023 dated 1 December 2023.
                                                                                                               • Group Head Corporate Secretary PT Bank Mandiri
is entrusted to the Corporate Secretary Group, a                                                                  (Persero) Tbk. (December 2023 – December 2024)         Professional Background
                                                                                                                                                                         • SEVP Corporate Relations PT Bank Mandiri (Persero)
dedicated work unit led by a senior executive at         Corporate Secretary Profile                           • Regional CEO III/Jakarta 1 (November 2020 - May
                                                                                                                                                                            Tbk. (November 2024 – present)
                                                                                                                  2022)
the level of Senior Vice President or higher. This                                                             • Regional CEO III/Jakarta 1 (January 2019 - November     • Group Head Government & Institutional 2 PT Bank
structure ensures the effective execution of duties      Based on the Decree of the Board of Directors            2020)                                                     Mandiri (Persero) Tbk. (January 2024 – October 2024)
                                                                                                               • Regional CEO V/Jakarta 3 (September 2015 - January      • Regional CEO VI/Jawa 1 PT Bank Mandiri (Persero)
and responsibilities, aligning the Bank’s operations     No. KEP.DIR/051/2024 on Organizational Structure,                                                                  Tbk. (September 2021 – January 2024)
                                                                                                                  2019)
with governance standards and stakeholder                the Corporate Secretary of Bank Mandiri is under      • Regional CEO VI/Java 1 (July 2015 - September 2015)     • Group Head Commercial Solutions PT Bank Mandiri
expectations.                                            the supervision of the SEVP Corporate Relations                                                                    (Persero) Tbk. (January 2020 – September 2021)
                                                         who is responsible to the President Director. The
Legal References of Appointment                          appointment and dismissal of the Corporate            Structure of the Corporate Secretary
                                                         Secretary are formalized through a decree of
The establishment, appointment and                       the Board of Directors.                               The functions and duties are divided into 6 (six)         5. Social and Environmental Responsibility
implementation of functions and duties of                                                                      fields:                                                      Activities (CSR).
Corporate Secretary refer to:                            The Company appointed Usman as Corporate              1. Bank activities as a public company, including         6. Other Activities.
1. Articles of Association of Bank Mandiri               Secretary based on Board of Directors Decree              implementing corporate governance,
2. POJK No. 35/POJK.04/2014 concerning                   No. KEP. DIR/047/2023 dated 1 December 2023.              specifically those related to capital market          The coordination and supervision of each
   Corporate Secretary of Issuers and Public             As of 1 December 2024, Teuku Ali Usman entered            rules.                                                department are directly under the Corporate
   Companies.                                            retirement, and based on the decision of the          2. Corporate Communication Activities.                    Secretary, which is guided by the Corporate
                                                         Board of Directors, the role of Corporate Secretary   3. Secretariat Activities.                                Secretary Policy and Standards.
                                                                                                               4. Security Activities.




PT BANK MANDIRI (PERSERO) TBK                          848                                                                                                         849                                       ANNUAL REPORT 2024
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             CORPORATE GOVERNANCE




  CORPORATE SECRETARY                                                                                                                                                                                                      CORPORATE SECRETARY




         Corporate Secretary Group


                                                                                                    GROUP HEAD
                                                                                                CORPORATE SECRETAY


                                                                                                                                                                                         DEPUTY GROUP HEAD




                                                    Strategic Planning                                                                                               Board
Instittutional      Capital Market                                       Corpaorate Event &     Corporate          Strategic Corporate                                                             Board               Komando Pusat
                                     CSR Center        Budgeting &                                                                        Talent Assignment     Implementation &
  Relation           Assurance                                              Sponsorship       Communication               Media                                                                 Management                Security
                                                         Reporting                                                                                                 Alignment




                                                                                                                                                                     Strategic Project
   Instittutional         Capital          CSR            Strategic &          Corporate                                Digital Content           Assignment                                      Planning & Quality       Wakil Komando            Security
                                                                                                 Media Realtions                                                       Monitoring &
    Relation 1            Market         Program           Planning              Event                                  & Community                Specialist                                       Management              Pusat Security         Supporting
                                                                                                                                                                     Ad-Hoc Content



                                                                                                                             Digital                                Communication &                                         Security Satuan
   Instittutional         Policy          CSR            Budgeting &                                External                                                                                       Board Services
                                                                              Sponsorship                                   & Media                                    Alignment                                                Pusat
    Relation 2          Assurance     Non Program         Reporting                              Communication
                                                                                                                           Intelligent



                                                                                                                                                                                                                            Security Satuan
                                          CSR            Reporting &          Sponsorship           Internal              Corporate                                                                                        Pembina Wilayah
                                        Operation         Analysis             Operation         Communication            Branding



                                                                                                                                                                                                                             Security VP &
                                                                                                                           Creative                                                                                           Protocoler
                                                           General                                 Corporate
                                                                                                                          & Strategic
                                                            Affair                                 Activation
                                                                                                                         Development


                                                                                                                            Traffic
                                                            Board                                                        Management
                                                          Supporting                                                      & Research




  PT BANK MANDIRI (PERSERO) TBK                        850                                                                                                                                851                                           ANNUAL REPORT 2024
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CORPORATE SECRETARY                                                                                                                                                                             CORPORATE SECRETARY




Functions and Duties of                                 Bank Activities as a Public Company                   2. Administration of the company documents                 Corporate Secretary Capacity
Corporate Company                                       1. Carrying out Information Disclosure including         including regulating or stipulating the regulations     Building Programs
                                                           reporting to Regulators regarding the Bank            concerning letters and management of the
Referring to Article 5 of POJK No. 35/POJK.04/2014         status as a Public Company.                           company documents.                                      To enhance knowledge and stay updated on
concerning Corporate Secretary of Issuers or            2. Organizing and documenting the General             3. Organizing activities to support the                    the latest developments in the capital market,
Public Companies, the functions of the Corporate           Meeting of Shareholders.                              functions and work activities of the Board of           the Corporate Secretary actively participated in
Secretary is as follows:                                3. Carrying out report submissions according to          Commissioners and Board of Directors.                   various training programs, seminars, and workshops
1. Following the development of the capital                the provisions of other laws under the authority   4. Supporting the functions and work activities            during the year. Detailed information on these
   market, especially the applicable laws and              of the Corporate Secretary unit.                      of the Board of Commissioners and Board of              training activities is presented in Chapter 3 of the
   regulations of the capital markets.                  4. Managing the administration of Bank Mandiri           Directors, among others:                                Company Profile under the section “Competence
2. Providing input to the Board of Directors and           shareholders.                                      5. Implementation of protocols.                            Development of Corporate Secretary” in this
   the Board of Commissioners to comply with            5. Organizing other activities related to the         6. Management of administration, facilities and            Annual Report.
   the rules and regulations of the capital market.        Corporate Actions and/or other information            benefits.
3. Assisting the Board of Directors and the Board          disclosures.                                                                                                  In addition, the officers and executives within the
   of Commissioners in implementing corporate           6. Carrying out the Bank’s compliance with the        Security Activities                                        Corporate Secretary function attended training
   governance which includes:                              capital market regulations.                        Carry out security activities aimed at supporting          sessions focused on legal matters, accounting,
   a. Disclosure of information to the public,                                                                the smooth and orderly operational activities of           secretarial practices, and reporting. They also
       including the availability of information on     Corporate Communication Activities                    the Company, including regulating and stipulating          actively participated in seminars and socialization
       the Company’s Website;                           1. Establishing strategies and managing the           regulations on the implementation of Bank security         events related to newly issued regulations by the
   b. Timely submission of reports to the OJK;             implementation of corporate communications                                                                    relevant authorities, ensuring alignment with the
   c. Organizing and documenting the General               that present the company’s image to all bank       Social and Environmental Responsibility                    latest regulatory requirements.
       Meeting of Shareholders;                            stakeholders.                                      Activities (TJSL)
   d. Organizing and documenting the Meetings           2. Carrying out reputational risk management          1. Develop CSR planning as a strategy and
       of the Board of Directors and/or Board of           functions which include the process of                implementation guide to ensure the                      Corporate Secretary Report
       Commissioners; and                                  identifying, measuring, monitoring and                effectiveness and success of CSR                        Fiscal Year 2024
   e. Implementing an orientation program for              controlling the reputational risk management.      2. Implement CSR activities in the form of:
       the Board of Directors and/or the Board of       3. Organizing and carrying out certain                   a. Micro and small business financing (MSE              In compliance with Article 11 of POJK No. 35/
       Commissioners.                                      activities (e.g. events/sponsorships) as the             Funding Program); and/or                             POJK/2014, the Corporate Secretary of Bank
4. As a liaison between the Company and                    implementation of a corporate communication           b. Provision of Assistance and/or other                 Mandiri has prepared periodical reports at least
   shareholders, the OJK and other stakeholders.           strategy.                                                activities, including coaching (MSE Non-             once in a year regarding the implementation
                                                        4. Monitoring and updating the content of brand             Funding Program).                                    of the corporate secretary functions to the
Corporate Secretary Guidelines                             guideline material from time to time to ensure     3. The Board of Directors evaluates the                    Board of Directors and copied to the Board of
Policy and Standards                                       conformity with current needs.                        implementation of the Bank’s CSR Activities             Commissioners, submitted through a Memorandum
                                                        5. Developing and implementing product and               to measure performance and achievement                  to the Board of Directors No. HBK.CSC/
In line with OJK Regulation, the Corporate                 service communication marketing strategies            of benefits both to the Bank and to the                 CMA.325/2024 dated 1 February 2024 regarding
Secretary also has in place the Policy and Standard        based on applicable internal regulations.             environment.                                            the Submission of the Corporate Secretary Group
of Guidelines as the foundation in carrying out its                                                           4. The Board of Commissioners supervises the               Function and Duties Report Book for Fiscal Year
functions and duties. The scope of activities of                                                                 implementation of CSR Activities.                       2023 and Letter to the Board of Commissioners
responsibility of the Corporate Secretary are as        Secretariat Activities                                                                                           No. HBK.CSC/CMA.431/2024 dated 1 February
follows:                                                1. Organizing and documenting the Meetings of         Other Activities                                           2024 regarding the Submission of the Corporate
                                                           the Board of Directors Meetings and Board of       Carry out Special Assignments from the central             Secretary Function and Duty Report for Financial
                                                           Commissioners.                                     government in order to carry out the functions             Year 2023.
                                                                                                              of public benefit and national research and
                                                                                                              innovation.                                                Press Release

                                                                                                                                                                         Bank Mandiri proactively shares updates on the
                                                                                                                                                                         Bank’s activities and initiatives through press
                                                                                                                                                                         releases. Below are the details of press releases
                                                                                                                                                                         issued during 2024:

PT BANK MANDIRI (PERSERO) TBK                         852                                                                                                          853                                    ANNUAL REPORT 2024
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CORPORATE SECRETARY                                                                                                                                                                                                 CORPORATE SECRETARY




Press Release 2024                                                                                                            No.           Date                                             Release Title

                                                                                                                              24    28 February 2024   Pampering Customers, Bank Mandiri Offers Exclusive Benefits at Erajaya Digital Complex PIK
No.           Date                                                      Release Title
                                                                                                                              25    29 February 2024   Supporting Economic Inclusivity, Bank Mandiri Groundbreaking Mandiri Digital Services in IKN
1     2 January 2024            Bank Mandiri Distributes Aid to Residents Affected by the Sumedang Earthquake
                                                                                                                              26    5 March 2024       Mandiri Investment Forum (MIF) 2024 Invites Investors to Seize Investment Opportunities in
2     4 January 2024            Top! These Two Directors of Bank Mandiri Successfully Achieve Prestigious Appreciation                                 the Transition Era
                                Throughout 2023
                                                                                                                              27    7 March 2024       Consistently Increasing Contribution, Bank Mandiri's AGMS Agrees to Distribute Dividends
3     12 January 2024           Amazing! Bank Mandiri Again Seeks Seeds of Successful Entrepreneurs Through Mandiri                                    of Rp 33.03 trillion
                                Young Entrepreneurs 2023
                                                                                                                              28    8 March 2024       Holding a Warm-Up Match, Jakarta Livin' Mandiri Ready to Break into the 2024 Proliga
4     18 January 2024           Quality Assurance! Let’s Monitor the Works of WMM 2023 Finalists at Tunjungan Plaza 3
                                                                                                                              29    14 March 2024      Anticipating Customer Needs in Ramadan & Eid al-Fitr, Bank Mandiri Prepares Net Cash
                                Surabaya
                                                                                                                                                       of Rp 31.3 Trillion
5     19 January 2024           Congratulations! Bank Mandiri Announces 2023 Independent Young Entrepreneur Champion
                                                                                                                              30    15 March 2024      Facilitating Residential Ownership, Bank Mandiri Signs Cooperation with APERSI
                                (WMM)
                                                                                                                              31    18 March 2024      Anticipating Customer Needs in Ramadan & Eid al-Fitr, Bank Mandiri Prepares Net Cash
6     22 January 2024           Sophisticated! Bank Mandiri and Modal Rakyat Launch Smart Financing for SMEs in the
                                                                                                                                                       of Rp 31.3 Trillion
                                Meratus Group Ecosystem
                                                                                                                              32    19 March 2024      Spreading the Blessings of Ramadan 1445 H, Bank Mandiri Provides Assistance to 100 Orphans
7     23 January 2024           Consistent! Supporting MSMEs and the People's Economy, Bank Mandiri Drives KUR Distribution
                                                                                                                                                       and Duafa in Central Jakarta
                                to the Production Sector
                                                                                                                              33    22 March 2024      Super Complete! Bank Mandiri Offers Foreign Exchange Transaction Solutions at Livin'
8     24 January 2024           Bank Mandiri and Pizza Hut Support Humanitarian Action Through QRIS
                                                                                                                              34    24 March 2024      Spreading Warmth at the 2024 SOE Ramadan Safari, Bank Mandiri Holds an Affordable
9     26 January 2024           Bank Mandiri Shares Success Story of the Role of Digitalization in Capturing Business
                                                                                                                                                       Market of 1000 Basic Food Packages
                                Opportunities in the Country at the Largest Financial Forum in Asia
                                                                                                                              35    26 March 2024      Bank Mandiri Presents Exclusive Benefits for Digital Transactions in the Bintaro Jaya Area
10    26 January 2024           Driving Financial Inclusion, Bank Mandiri Distributes Social Loans to ADMF
                                                                                                                                                       and Surrounding Areas
11    27 January 2024           Increasing Financial Inclusion, Bank Mandiri Presents Special Edition of Nusantara e-money
                                                                                                                              36    26 March 2024      Getting Easier! Ministry of Finance, Ministry of Transportation, Ministry of Health, and Bank
12    30 January 2024           Relying on Livin', Bank Mandiri Targets to Distribute ORI025 of Rp 3 Trillion                                          Mandiri Collaborate to Cut Transactions at Ports

13    31 January 2024           Seizing Growth Opportunities, Bank Mandiri Achieves Net Profit of Rp 55.1 Trillion in 2023    37    1 April 2024       Jos! Debtors Affected by Covid-19 at Bank Mandiri Return to Normal

14    6 February 2024           Pampering Customers Ahead of Chinese New Year, Bank Mandiri Presents Promos and               38    16 April 2024      Discipline in Nurturing Employee Talents, Bank Mandiri Again Receives the Title of Champion
                                Discounts                                                                                                              of LinkedIn Top Companies 2024

15    6 February 2024           Consistently Providing the Best Service, Kopra by Mandiri and Green Bond Bank Mandiri         39    19 April 2024      Ready to Compete! Bank Mandiri Officially Announces the 2024 Women's Proliga Team,
                                Receive Awards from Alpha Southeast Asia 2023                                                                          Jakarta Livin' Mandiri (JLM)

16    14 February 2024          Driving Equitable Development, Bank Mandiri Distributes Infrastructure Loans of DRp 301.77    40    20 April 2024      Optimizing Funding Strategy, Bank Mandiri Optimistic Liquidity Will Be Maintained
                                Trillion
                                                                                                                              41    25 April 2024      Livin’ Merchant, Bank Mandiri's Innovation Expands the Reach of MSME Customers
17    15 February 2024          Strengthening the Electric Vehicle Ecosystem in Indonesia, Bank Mandiri Signs MoU with BYD
                                                                                                                              42    30 April 2024      Aggressive But Prudent, Bank Mandiri Records Credit Realization in the First Quarter of 2024
18    16 February 2024          Celebrating the Year of the Wood Dragon, Bank Mandiri Invites Customers and Partners to                                Reaching Rp 1,435 Trillion
                                Celebrate Chinese New Year
                                                                                                                              43    1 May 2024         BMSG Continues Bank Mandiri's Sustainability Commitment Abroad
19    20 February 2024          Supporting the National Sports Industry, Bank Mandiri and KONI Establish Integrated Banking
                                                                                                                              44    2 May 2024         Practical! Pay Motor Vehicle Tax and Mandatory Contributions Now Through Bank Mandiri
                                Cooperation
                                                                                                                              45    5 May 2024         Bank Mandiri Urges Customer to Be Careful in Fraud Mode Under the Guise of Prize Draws
20    21 February 2024          Seize Investment Opportunities in 2024, Bank Mandiri Again Holds Mandiri Investment Forum
                                (MIF) 2024                                                                                    46    6 May 2024         Presenting International Transaction Solutions, Bank Mandiri Introduces Livin's in London
21    21 February 2024          Celebrating the Year of the Wood Dragon, Bank Mandiri Invites Customers and Partners to       47    8 May 2024         Bank Mandiri's Full Commitment to Apply ESG Principles
                                Celebrate Chinese New Year
                                                                                                                              48    8 May 2024         Again, Bank Mandiri Receives First Place in the Best Red Plate Bank by Forbes
22    21 February 2024          Mandiri Capital Indonesia Commemorates Waste Care Day with the Launch of a Waste
                                Recycling Facility at the Menara Mandiri Building

23    28 February 2024          Bank Mandiri Distributes Prizes for Micro Customers through the Flagship Lottery Program




PT BANK MANDIRI (PERSERO) TBK                                  854                                                                                                                855                                           ANNUAL REPORT 2024
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CORPORATE SECRETARY                                                                                                                                                                                                    CORPORATE SECRETARY




No.           Date                                                      Release Title                                                No.           Date                                         Release Title

49    9 May 2024                Performance Outlook Improves, Fitch upgrades Bank Mandiri's Rating to AAA (Idn)/'BBB'                73    24 June 2024   Consistent! Bank Mandiri Holds Mandiri Sahabatku Program and Introduces Livin' Feature
                                with Stable Outlook                                                                                                       in Seoul

50    15 May 2024               Consistent Innovation and Digital Transformation, Bank Mandiri Achieves ISO 56002 Kitemark           74    24 June 2024   Stimulating the Creativity of the Nation's Young Generation, Bank Mandiri Presents a Fashion
                                                                                                                                                          Night Gala in the Splendor of Prambanan Temple
51    16 May 2024               Fulfilling Customer Needs, Livin' by Mandiri Now Serves Telkomsel Special Number Purchases
                                                                                                                                     75    27 June 2024   Awakening the Spirit of Sustainability and Ecotourism, Mandiri Jogja Marathon 2024 Officially
52    16 May 2024               Consistently Planting Sustainability Visions, Bank Mandiri Receives CDP Appreciation                                      Held
53    18 May 2024               Igniting the Entrepreneurial Spirit of PMI Retirement, Bank Mandiri Holds Workshop "Foster           76    27 June 2024   Selling Great! 95,000 Bruno Mars Ludes Tickets Sold at Livin' by Mandiri
                                Fathers"
                                                                                                                                     77    28 June 2024   Signing MoU with CT Corp, Bank Mandiri Strengthens Banking Services Cooperation
54    21 May 2024               Expanding Integrated Urban Ecosystem Cooperation, Bank Mandiri Strengthens Partnership
                                with Lippo Group Towards the Vision of Indonesia Emas 2045                                           78    29 June 2024   Inviting Healthy Living, Bank Mandiri Holds Health Service Program for Abdi Dalem
                                                                                                                                                          Ngayogyakarta
55    22 May 2024               Weaving the Future, Bank Mandiri Holds Mandiri Sahabat Desa Program in Morowali
                                                                                                                                     79    30 June 2024   Dream Marathon! Bank Mandiri Successfully Holds MJM 2024 with Exotic Routes
56    27 May 2024               Collaborating with NavaPark BSD, Bank Mandiri Offers Green Mortgages
                                                                                                                                     80    1 July 2024    Go Beyond! Bank Mandiri Group Subsidiaries Record Positive Performance in the First
57    30 May 2024               Collaborating with Visa, Bank Mandiri Invites Loyal Customers to Watch the 2024 Olympics                                  Quarter of 2024
                                Live in Paris
                                                                                                                                     81    2 July 2024    Bank Mandiri becomes the National Bank with the most awards at the 2024 FinanceAsia
58    31 May 2024               Driving National Exports, Bank Mandiri Supports Trade Expo Indonesia (TEI) 2024                                           Award, Proof of Excellence, Innovation, and Sustainability Commitment
59    31 May 2024               Easy Lifestyle Solution! Bank Mandiri and JCB Hold Mandiri JCB Precious Festival 2024                82    3 July 2024    More Innovative, Kopra by Mandiri Outperforms Competitors in the Corporate Solutions
                                                                                                                                                          Business
60    2 June 2024               High-Spirit! Bank Mandiri Sells Garuda National Team Tickets to the 2026 World Cup at Livin'
                                Sukha                                                                                                83    4 July 2024    Faster! Bank Mandiri Simplifies the Digital Mortgage Application Process with Livin' KPR
61    3 June 2024               Consistently Boosting Economic Growth, Bank Mandiri Again Achieves the Top Position in               84    5 July 2024    MJM 2024: Bank Mandiri Implements Environmentally Friendly Initiatives to Reduce Carbon
                                Syndicated Loans                                                                                                          Emissions
62    4 June 2024               Embracing the Spirit of Eid al-Adha 1445 H, Bank Mandiri and MAI Launch the Qurbani                  85    5 July 2024    Bank Mandiri Receives 8 Awards at Asian Banking & Finance (ABF) Awards 2024
                                Feature at Livin' Sukha
                                                                                                                                     86    8 July 2024    MJM 2024: Bank Mandiri Implements Green Initiatives to Reduce Carbon Emissions
63    4 June 2024               Strengthening the Telecommunications Sector, Bank Mandiri Distributes Rp 2 Trillion Credit
                                Facility to TOWR's Subsidiary                                                                        87    9 July 2024    Mandiri Indonesia Open 2024: Prestigious Golf Tournament Returns with New Spirit

64    5 June 2024               Reducing Corporate Emissions, Bank Mandiri Seriously Implements Digital Carbon Tracking              88    9 July 2024    Proactive! Bank Mandiri Affirms Commitment to Eradicate Online Gambling

65    7 June 2024               Keeping the Spirit of the Indonesia Vs Iraq Match, Bank Mandiri Presents the Clean-up                89    10 July 2024   Strengthening Hospital Financial Services, Bank Mandiri Signs Cooperation with ARSSI
                                Initiative at GBK
                                                                                                                                     90    11 July 2024   Let’s Welcome We The Fest 10th Anniversary Edition
66    10 June 2024              Go Beyond! Bank Mandiri Group Subsidiaries Record Positive Performance in the First
                                Quarter of 2024                                                                                      91    15 July 2024   Topnotch! Bank Mandiri Presents Award to Mandiri Best Agent in West Java

67    10 June 2024              Consistently Driving Financial Inclusion, Bank Mandiri Invites SLB Pangudi Luhur Students to         92    16 July 2024   Salute! Bank Mandiri Receives Two DKJ Awards 2024 for Dedication in Community and
                                Be Financially Aware                                                                                                      Environmental Empowerment in Jakarta

68    11 June 2024              Nurturing Young Golfers, Bank Mandiri and Ciputra Again Hold Junior Golf Championship                93    17 July 2024   Becoming Beyond SuperApp, Livin' by Mandiri Improves Banking Experience with 3 Pillars
                                                                                                                                                          of Innovation
69    12 June 2024              Offering Premium Customer Special Services, Bank Mandiri Inaugurates Priority Outlets in
                                Jayapura                                                                                             94    17 July 2024   Strengthening Financial Literacy, Bank Mandiri Papua Launches Investment Facility

70    17 June 2024              Celebrating the Moment of Sharing on Eid al-Adha 1445 H, Bank Mandiri Distributes Sacrificial        95    19 July 2024   Bank Mandiri Again Appointed as KSEI Payment Bank and RDN Administrator Bank
                                Meat to the Community
                                                                                                                                     96    22 July 2024   MSME Pro! Bank Mandiri Records KUR Distribution Reaching Rp 19.33 trillion as of June 2024
71    20 June 2024              Lit up early! Bank Mandiri Sells Tickets for the Garuda Asia National Team at the AFF U-16
                                Event via Livin' Sukha                                                                               97    24 July 2024   Organizing 2024 Partnerships, Bank Mandiri Ready to Make Customers 'Accelerates' with
                                                                                                                                                          Livin' Points
72    21 June 2024              That's what I like! Bank Mandiri Officially Sells Tickets for "Bruno Mars" Concert at Livin' Sukha
                                                                                                                                     98    24 July 2024   Increasing Digital Financial Transactions, Bank Mandiri Batam Area Accelerates Penetration
                                                                                                                                                          of Livin' and Kopra by Mandiri




PT BANK MANDIRI (PERSERO) TBK                                   856                                                                                                                  857                                             ANNUAL REPORT 2024
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CORPORATE SECRETARY                                                                                                                                                                                                   CORPORATE SECRETARY




No.           Date                                                     Release Title                                             No.         Date                                              Release Title

99    24 July 2024              Bank Mandiri Distributes KUR Worth Rp 2.48 Trillion in Central Java and DIY Regions as of        125 19 August 2024     Maarten Paes Joins, National Team Match Will Be More Intense
                                June 2024
                                                                                                                                 126 19 August 2024     Lit, Bank Mandiri Appreciates Paskibraka at the Central Level
100 25 July 2024                Shopping Easier! Bank Mandiri Collaborates with Lippo Malls to Launch Co-Branding Credit
                                Card                                                                                             127 20 August 2024     Supporting Financial Inclusion in the Young Generation, Bank Mandiri Boosts the "One
                                                                                                                                                        Account, One Student" Program
101 26 July 2024                Legitimate! Directorate General of Immigration and Bank Mandiri Officially Launch the First
                                Golden Visa Service in Indonesia                                                                 128 20 August 2024     Delicious! Bank Mandiri Strengthens Network and Digital Services for Customer Transaction
                                                                                                                                                        Solutions
102 26 July 2024                Bank Mandiri Records KUR Distribution Reaching Rp 1.17 Trillion in Bali - Nusra
                                                                                                                                 129 21 August 2024     Consistently, Bank Mandiri Drives Industrial Downstreaming Through Manufacturing Loans
103 29 July 2024                Consistent Innovation, Bank Mandiri Dominates the Market with Cash Management Solutions
                                                                                                                                 130 21 August 2024     Supporting the National Economy, Bank Mandiri's Loan Disbursement to the MSME Segment
104 30 July 2024                Prevent Environmental Pollution, Bank Mandiri Provides Reverse Vending Machine                                          Reaches Rp 127 Trillion in Q2-2024

105 30 July 2024                Inauguration of the Nawasena Mandiri Corporate University Building, Erick Thohir: Human          131 22 August 2024     Supporting the National Energy Transition, Bank Mandiri's Renewable Energy Loans Soar in
                                Resources Preparation is Very Important                                                                                 the Second Quarter of 2024

106 31 July 2024                Spectacular! Bank Mandiri Records Loan Disbursement of Rp 1,532.35 in the Second Quarter         132 22 August 2024     Agus Dwi Handaya Elected as Chairman of FHCI for the 2024-2027 Period at the 2024 FHCI
                                of 2024                                                                                                                 Annual Member Meeting (RAT)

107 31 July 2024                Respect, Bank Mandiri Provides Appreciation for Coaching Funds to the AFF U-19 National          133 23 August 2024     More Relied on by Customers, Kopra by Mandiri Gains Global Recognition
                                Team
                                                                                                                                 134 23 August 2024     Diligent in Innovation and Financial Education, Bank Mandiri Rewarded with an Award on
108 1 August 2024               Livin' by Mandiri Facilitates Bill Payment with Three Sources of Funds and Global Transactions                          Indonesia Saving Day
                                through Foreign Exchange Solutions
                                                                                                                                 135 23 August 2024     Nice Dream! Currently, Bank Mandiri is officially the Presenting Partner of the Garuda
109 6 August 2024               Optimizing Quality Assets, Bank Mandiri Holds 2024 Festival Auction                                                     National Team

110 7 August 2024               Meeting Customer Needs, Livin' by Mandiri's Transaction Value in Region VI/Java 1 Reaches        136 24 August 2024     Empowering Migrant Workers, Bank Mandiri Holds Entrepreneurship Training in Johor Bahru
                                Rp 160.7 trillion as of June 2024
                                                                                                                                 137 25 August 2024     Bank Mandiri Supports Fun Walk Towards PON XXI Aceh-North Sumatra 2024
111 8 August 2024               Unlimited Innovation! Livin' by Mandiri Presents Transaction Flexibility to Foreign Countries
                                with Multi SoF and Foreign Exchange Solutions                                                    138 26 August 2024     Bank Mandiri Green Mortgage Facilitates Environmentally Friendly Housing

112 8 August 2024               Thanks to Mandiri Agent, People in the 3T Region Can Enjoy Financial Services                    139 27 August 2024     Expanding Property, Healthcare and Education Ecosystems, Bank Mandiri Strengthens
                                                                                                                                                        Cooperation with Agung Sedayu Group and Buddha Tzu Chi Indonesia Foundation
113 9 August 2024               Driving Infrastructure Development, Bank Mandiri Strengthens Partnership with Pelindo
                                                                                                                                 140 28 August 2024     Collaboration with the Ministry of Foreign Affairs, Bank Mandiri Simplifies Livin' Registration
114 10 August 2024              Expanding Credit Card Business Ecosystem, Bank Mandiri Collaborates with HOG Indomobil                                  Requirements Using KMIL
                                Jakarta Chapter
                                                                                                                                 141 29 August 2024     Committed to Supporting MSMEs, Bank Mandiri Successfully Distributes KUR of Rp 23.49
115 12 August 2024              Expanding the Agricultural Ecosystem, Bank Mandiri Strengthens Partnership with PT Sinergi                              Trillion as of July 2024
                                Gula Nusantara (PTPN Holding)
                                                                                                                                 142 30 August 2024     Bank Mandiri Supports Sustainable Development through the TJSL Program in Batam
116 12 August 2024              Bank Mandiri Instills a Sustainable Culture in the Work Environment
                                                                                                                                 143 30 August 2024     Empowering Farmers, Bank Mandiri Presents Rice Processing Facilities
117 13 August 2024              Good Results of Digitalization! Bank Mandiri's CASA ratio reached 79.7% in the second
                                quarter of 2024                                                                                  144 1 September 2024   Power-up! Bank Mandiri Distributes Mandalika 2024 MotoGP Ticket Promo at Livin'

118 13 August 2024              Amazing! Bank Mandiri Leads the Green Financing Market in Indonesia in June 2024                 145 3 September 2024   Ready to standby! Bank Mandiri Hands Over Assistance to Basarnas and Forms Emergency
                                                                                                                                                        Response Team
119 14 August 2024              More collaborative! Bank Mandiri and DR Johannes Leimena Hospital Increase Patient
                                Satisfaction                                                                                     146 3 September 2024   Bank Mandiri Shares Digital Transformation Success Story at Indonesia - Africa Forum (IAF) 2024

120 14 August 2024              Be alert! Bank Mandiri Provides Assistance for Fire Victims in Manggarai                         147 4 September 2024   Bank Mandiri Supports MSMEs Through the Presence of Rumah BUMN and the Naksir
                                                                                                                                                        Application
121 15 August 2024              Great! Bank Mandiri Loans Record Growth Above Industry Average in the Second Quarter
                                of 2024                                                                                          148 4 September 2024   Commemorating National Customer Day, Bank Mandiri Distributes Gifts to Customers in
                                                                                                                                                        Sulawesi
122 15 August 2024              Indonesia's Largest Asset, Bank Mandiri Receives the Top Position of Fortune Indonesia 100
                                                                                                                                 149 5 September 2024   Supporting National Defense, Bank Mandiri Finances Two TNI Navy Patrol Boats
123 15 August 2024              Bank Mandiri presents: Spectacular Performance "Kahitna 2 Years Towards 40 Concert"
                                                                                                                                 150 8 September 2024   IISF 2024: Bank Mandiri Committed to Realizing a Low-Carbon Economy
124 16 August 2024              Reviving Local Illustrators, Bank Mandiri Celebrates the 79th Anniversary of the Republic of
                                Indonesia with Creativity



PT BANK MANDIRI (PERSERO) TBK                                 858                                                                                                                  859                                            ANNUAL REPORT 2024
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CORPORATE SECRETARY                                                                                                                                                                                                CORPORATE SECRETARY




No.           Date                                                    Release Title                                            No.        Date                                               Release Title

151 9 September 2024            National Sports Day: Bank Mandiri Commits to Support Indonesian Sports Activities              175 29 September 2024   Stimulating the Country's Sport Tourism Industry, Bank Mandiri Promotes the 2024 Mandalika
                                                                                                                                                       International Circuit
152 10 September 2024           Ready to Go Global! Bank Mandiri Expands Access to Livin' in Turkey
                                                                                                                               176 30 September 2024   Supporting the Fulfillment of National Electricity Needs, Bank Mandiri Signs Strategic
153 11 September 2024           Easy and Affordable! Bank Mandiri Now Offers Auction Properties in Rumah123                                            Cooperation with PT Huadian Bukit Asam Power
154 12 September 2024           Livin' Merchant Presents Integrated Solutions for Business Development with Various New        177 1 October 2024      Expanding the Digital Ecosystem in the Transportation Sector, Bank Mandiri Strengthens
                                Features                                                                                                               Synergy with KAI Group
155 12 September 2024           Providing the Best Service to Customers, Euromoney Awards Bank Mandiri as the Best Bank        178 2 October 2024      Celebrating the Spirit of the 26th Anniversary, Bank Mandiri Presents Affordable Markets at
                                in Indonesia in 2024                                                                                                   260 Points Throughout Indonesia
156 13 September 2024           Become More Adaptive and Solutive: Livin' Sukha's Feature Facilitates All Financial Needs      179 2 October 2024      Nusantara TNI Fun Run: Building the Spirit of Togetherness and Health and Enlivening the
                                to Entertainment                                                                                                       79th Anniversary of the TNI in the archipelago
157 13 September 2024           Firmly Applying ESG Principles, Bank Mandiri Enters TIME Magazine Ranking                      180 3 October 2024      Welcoming the 26th Anniversary, Bank Mandiri Affirms Commitment to the MSME Sector
                                                                                                                                                       Through KUR Distribution
158 17 September 2024           Bank Mandiri Holds Livin' Gamers Festival 2024, Presenting Beyond Banking Experience for
                                Game Lovers                                                                                    181 3 October 2024      26th Anniversary Gift, Asian Business Review Places Bank Mandiri as Digital xperience of
                                                                                                                                                       the Year
159 17 September 2024           Boosting Business Spirit, Bank Mandiri Again Holds Wirausaha Muda Mandiri 2024
                                                                                                                               182 4 October 2024      Celebrating the 26th Anniversary, Bank Mandiri Distributes Education Compensation to
160 18 September 2024           Inaugurating Mandiri Digital Tower, Erick Thohir Emphasizes the Importance of Cyber Security                           2,600 Orphans
161 18 September 2024           Mandiri Bintan Marathon 2024: Ready to Present a Spectacular Running Experience on             183 4 October 2024      Iconic! Bank Mandiri Groundbreaking of Mandiri Financial Center Building in PIK 2 Area
                                Bintan Island
                                                                                                                               184 5 October 2024      Bank Mandiri's 26th Anniversary: Presenting Adaptive and Solution Digital Innovations to Be
162 19 September 2024           Kongsi-Kongsi 2024: A New Platform for Collaboration and Business Networks with Bank Mandiri                           Ready to Become Future Champions
163 19 September 2024           Livin's Customers Increase, Bank Mandiri Strengthens Digital Security                          185 6 October 2024      Nusantara TNI Fun Run Enthusiastically Welcomes Thousands of Participants in Ibu Kota
                                                                                                                                                       Nusantara
164 23 September 2024           S.I.N Must Know! Maroon 5 Jakarta Pre-Sale Tickets on Sale September 26, 2024, Exclusively
                                at Livin' Sukha                                                                                186 6 October 2024      Introducing Ibu Kota Nusantara, Bank Mandiri Together with the TNI Hold Nusantara TNI
                                                                                                                                                       Fun Run
165 23 September 2024           Best! Bank Mandiri Receives 4 Platinum Awards at The Best Contact Center Indonesia 2024
                                                                                                                               187 8 October 2024      Level Up! Bank Mandiri Presents a 'New Face' Livin' by Mandiri that is More Personal and
166 24 September 2024           Bank Mandiri Supports Indonesian Women to Become Economic Drivers Through the 1MPACT
                                                                                                                                                       Pampering Customers
                                Program
                                                                                                                               188 8 October 2024      Transparent! Bank Mandiri Again Receives 1st Place in the 2023 Financial Public Company
167 24 September 2024           Recognized on the Global Stage, Bank Mandiri Receives Recognition from Newsweek USA
                                                                                                                                                       Annual Report Award (ARA)
168 25 September 2024           S.I.N Must Know! Maroon 5 Jakarta Pre-Sale Tickets on Sale September 26, 2024, Exclusively
                                                                                                                               189 9 October 2024      Celebrating the 26th Anniversary, Bank Mandiri Introduces Kopra by Mandiri with More
                                at Livin' Sukha
                                                                                                                                                       Adaptive and Solution Services
169 26 September 2024           Bank Mandiri Economist Team: Indonesia's Economy Resilient Amid Global Uncertainty
                                                                                                                               190 9 October 2024      From Local to Global, Bank Mandiri Invites Entrepreneurs to Be Ready to Face the Global
170 27 September 2024           Fantastic! Bank Mandiri's Assets Grow 42% Since 2020, Affirming the Role of SOEs in Economic                           Era at Trade Expo Indonesia 2024
                                Development
                                                                                                                               191 9 October 2024      Epic! Bank Mandiri Gathers 14,000 Young Generations through Livin' Gamers Festival 2024
171 27 September 2024           Facilitating Residential Ownership, Bank Mandiri Optimizes FLPP Distribution for Low-Income
                                                                                                                               192 10 October 2024     Presenting The Next Level Banking Experience, Bank Mandiri Releases Livin'poin Feature
                                People
                                                                                                                               193 11 October 2024     Mandiri Looping for Life! How Bank Mandiri Realizes a Sustainable Economy Through Clothing
172 28 September 2024           Consistent! Bank Mandiri Plays an Active Role in Improving National Sports Achievements
                                                                                                                                                       Recycling
173 28 September 2024           Processing Coffee Waste into Profit, Bank Mandiri Holds Mandiri Lingkar Hijau
                                                                                                                               194 13 October 2024     Consistent! Bank Mandiri Drives Achievement and Inclusivity through Peparnas XVII in Solo
174 29 September 2024           Again, Meeting the Needs of Automotive Lovers, Bank Mandiri Relaunches Mandiri
                                                                                                                               195 14 October 2024     Commitment to Drive the Blue Economy, Bank Mandiri Strengthens Synergy with the Ministry
                                MyPertamina Card
                                                                                                                                                       of Maritime Affairs and Fisheries

                                                                                                                               196 15 October 2024     Supporting Women in Rural Areas, Bank Mandiri Improves Social Development Through the
                                                                                                                                                       "Mandiri Sahabat Desa" Program

                                                                                                                               197 16 October 2024     Committed to Maintain Integrity, Bank Mandiri Intensifies Personal Data Processing Campaign




PT BANK MANDIRI (PERSERO) TBK                                 860                                                                                                                861                                          ANNUAL REPORT 2024
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CORPORATE SECRETARY                                                                                                                                                                                                  CORPORATE SECRETARY




No.           Date                                                     Release Title                                              No.        Date                                              Release Title

198 16 October 2024             Presenting The Next Level Banking Experience, Bank Mandiri Releases Livin'poin Feature in         220 16 November 2024   Supporting Creative Industries, Bank Mandiri Drives Bali, Lombok and Kupang Traditional
                                Livin by Mandiri                                                                                                         Weaving to Penetrate the Global Market

199 17 October 2024             Realizing Financial Services for All, Bank Mandiri Takes Advantage of Digitalization              221 16 November 2024   Steady! Bank Mandiri Supports Cultural Preservation and Digitalization of MSMEs in Huta
                                                                                                                                                         Siallagan
200 18 October 2024             Pioneers! Livin' by Mandiri Integrates Mobile Banking and Stock Investment Services in One
                                Application                                                                                       222 18 November 2024   Bank Mandiri Sweeps the 2024 Financial Services League: Two Trophies, One Spirit, One
                                                                                                                                                         Mandiri!
201 23 October 2024             Driving MSMEs to Upgrade, Bank Mandiri Intensifies Livin' Market Program in Bandung
                                                                                                                                  223 20 November 2024   Bank Mandiri Economists Optimistic that Indonesia's Economy Will Remain Solid Amid
202 24 October 2024             You Can Buy Tickets at Livin'! Bank Mandiri Officially Becomes Official Bank Partner of                                  Global Dynamics
                                Indonesia International Stuntman Show 2024
                                                                                                                                  224 21 November 2024   In collaboration with Bank Mandiri, Garuda Indonesia Travel Festival (GATF) will be held
203 25 October 2024             Bank Mandiri Collaborates with Farmer Women Groups, Turning Organic Waste into a                                         again in Jakarta
                                Valuable Resource
                                                                                                                                  225 26 November 2024   Synergy of Bank Mandiri, Garuda Indonesia, Pegadaian and Angkasa Pura Indonesia
204 25 October 2024             Reducing Interest Expense and Strengthening Financial Balance Sheet, ABMM Refinances                                     Distributes Lecture Assistance for Sons and Daughters of the TNI/Polri Jakarta
                                Credit Facility Worth USD 395 Million
                                                                                                                                  226 28 November 2024   Bank Mandiri and Tzu Chi Launch Donation-Based Credit Cards and Digital Philanthropy
205 30 October 2024             Boosting the National Economy, Bank Mandiri Records Loan Disbursement of Rp 1,590 trillion                               Services at Livin'
                                in the Third Quarter of 2024
                                                                                                                                  227 29 November 2024   Auto Fast Auto Easy! Bank Mandiri Launches Livin' Auto, Easier to Apply for Motor Vehicle
206 31 October 2024             Commemorating National Finance Day, Bank Mandiri Strengthens Commitment to Inclusive                                     Loans from the Livin' Application
                                Services for Sustainable Economic Growth
                                                                                                                                  228 29 November 2024   Bank Mandiri Realizes SDGs Commitment with Digital Solutions and Assistance Programs
207 1 November 2024             Supporting Local Coffee Industry Players, Bank Mandiri Again Holds Jakarta Coffee Week 2024                              in the Health Sector
208 4 November 2024             Supporting the Economy Through Digitalization, Bank Mandiri Receives The Strongest Bank           229 30 November 2024   Strengthening International Business, Bank Mandiri Releases Livin' by Mandiri Timor-Leste
                                in Indonesia 2024
                                                                                                                                  230 01 December 2024   Bank Mandiri Completes Mandiri Sahabatku 2024, Successfully Produces Thousands of
209 5 November 2024             Driving PMI's Financial Independence, Bank Mandiri Expands the Mandiri Sahabatku Program                                 New Entrepreneurs
                                to Japan
                                                                                                                                  231 02 December 2024   Affirming its Commitment to Sustainability, Bank Mandiri Implements International Standards
210 5 November 2024             Powering Indonesia’s Digital and EV Future Indosat Business & Voltron Indonesia Unite in                                 in Loan Disbursement
                                MoU Ceremony for Next-Gen Solutions
                                                                                                                                  232 03 December 2024   Making Customers Happy, Bank Mandiri Holds the Peak of the 2024 Kongsi-Kongsi Event
211 5 November 2024             Be alert! Bank Mandiri Helps Residents Affected by Mount Lewotobi Eruption in East Flores
                                                                                                                                  233 03 December 2024   The Best MSME Benchmark Program: Bank Mandiri Makes Local Business Actors International
212 6 November 2024             Improving Transaction Convenience, Bank Mandiri Presents Bank Guarantee Verification                                     Players
                                Service
                                                                                                                                  234 05 December 2024   Welcoming Nataru Holiday, Bank Mandiri Prepares Digital Services and Net Cash of Rp 26
213 6 November 2024             Supporting Government Policies, Bank Mandiri Ensures Government Regulation Number 47                                     Trillion
                                of 2024 Does Not Have an Impact on Financial Performance
                                                                                                                                  235 06 December 2024   Bank Mandiri Supports Free Nutritious Meal Program, Drives Sustainable People's Economic
214 7 November 2024             Green Building Supports Bank Mandiri's Sustainability Operations                                                         Growth
215 7 November 2024             Getting more complete! Bank Mandiri Increases Foreign Exchange Transfer Range to 17               236 07 December 2024   Supporting a Healthy Lifestyle, Bank Mandiri Holds Livin' by Mandiri Galesong Trail Run 2025
                                Foreign Currencies, Can Send USD Worldwide!

216 11 November 2024            Optimizing Data Analytics, Bank Mandiri's Digital Transformation Receives Various International
                                Awards

217 11 November 2024            Super! Bank Mandiri Brings Digital Banking Solutions and Attractive Rewards to the Diaspora
                                in Houston, USA

218 12 November 2024            Bank Mandiri Strengthens Commitment to Sustainable Economy at COP 29 in Azerbaijan

219 13 November 2024            Hassle-Free! Bill Payment for 32 PDAMs in South Sumatra is Now Can be Done Through Livin'
                                by Mandiri




PT BANK MANDIRI (PERSERO) TBK                                  862                                                                                                                  863                                          ANNUAL REPORT 2024
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CORPORATE SECRETARY                                                                                                                                                                                           CORPORATE SECRETARY




Bulletin                                                                                                         Periodic Reports

Bank Mandiri regularly publishes bulletins each year. Below are the bulletins released in 2024:                  No. Report Type                                              Destination                     Report Period      Number
                                                                                                                 1    Annual Report                        OJK, IDX, Ministry of Trade                          Annually            1
 No.   Buletin Number              Month                                      Theme
                                                                                                                 2    Sustainability Report                OJK, IDX                                             Annually            1
1      527                 January         Exploring New Challenges with Leading Innovations
                                                                                                                 3    Consolidated Financial               OJK, IDX, Ministry of Finance, Ministry of SOEs      Quarterly           4
2      528                 February        Young and Independent: Inspiring Stories of Wirausaha Muda Mandiri         Statements of the Company
                                                                                                                      and Subsidiaries
3      529                 March           Achieving Dominance: Bank Mandiri’s Strategy to Achieve Market
                                           Leadership                                                            4    Financial Statements                 OJK, IDX, Bank Indonesia, Ministry of Finance,       Annually            1
                                                                                                                                                           Ministry of SOEs, & Board of Trustees
4      530                 April           Eid al-Fitr 2024: A Moment to Share Joy and Togetherness
                                                                                                                 5    Share Ownership Composition          OJK, IDX                                              Monthly           12
5      531                 Mei             Mandirian Inspiration for the Future                                       Report/Shareholder
                                                                                                                      Registration
6      532                 June            Bank Mandiri’s Contribution to the Nation
                                                                                                                 6    Foreign Exchange Payables            OJK, IDX                                              Monthly           12
7      533                 July            Soaring Toward the Future                                                  Report
8      534                 August          Sustainable Growth for a Progressive Indonesia                        7    Annual Rating/Ranking Results        OJK, IDX, & Board of Trustees                        Annually            1
9      535                 September       National Customer Day                                                      Report

10     536                 October         26 Years of Bank Mandiri: “Adaptive and Solutive”                     8    Company Performance Report Ministry of SOEs                                               Quarterly           4

11     537                 November        The Spirit of Winning the Future                                      9    Company Performance Report Ministry of SOEs                                               Annually            1

12     538                 Desember        Spectrum 2024: Stories, Achievements, and Hopes

                                                                                                                 Insidentil Reports
Transparency of Report Submissions
                                                                                                                 No. Report Subject                                                        Date                Address To          Total
In 2024, the Corporate Secretary facilitated the disclosure of information to the public through various
channels, including mass media, the Company’s official website, public exposés, the IDX Electronic               1    Disclosure of Information regarding Specific                January – December            OJK & BEI           44
                                                                                                                      Shareholders/Report on Share Ownership by Members           2024
Reporting Facilities, and the Financial Services Authority (OJK) Electronic Reporting System. In addition, the        of the Board of Directors and Board of Commissioners
Corporate Secretary submitted periodic and incidental reports to regulatory and government institutions,
                                                                                                                 2    Report on Material Information or Facts regarding           31 January 2024, 30 April     OJK & BEI            4
including the OJK, IDX, LPS, Ministry of Finance, and the Ministry of SOEs. The details are as follows:               the Submission of a Press Release on the Company's          2024, 31 July 2024, 31
                                                                                                                      Performance Presentation                                    October 2024

                                                                                                                 3    Notification of the Annual GMS Plan                         29 January 2024             OJK, BEI, & KSEI       1

                                                                                                                 4    Submission of Proof of Advertisement for the Notification   30 January 2024             OJK, BEI, & KSEI       1
                                                                                                                      of the Annual GMS

                                                                                                                 5    Report on Material Information or Facts regarding           1 February 2024               OJK & BEI            1
                                                                                                                      Changes in the Members of the Board of Directors

                                                                                                                 6    Invitation to the Annual GMS                                13 February 2024            OJK, BEI, & KSEI       1

                                                                                                                 7    Submission of Proof of Advertisement for the Invitation     13 February 2024            OJK, BEI, & KSEI       1
                                                                                                                      to the Annual GMS

                                                                                                                 8    Summary of the Minutes of the Annual GMS                    13 March 2024               OJK, BEI, & KSEI       1




PT BANK MANDIRI (PERSERO) TBK                           864                                                                                                                  865                                         ANNUAL REPORT 2024
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                                                                                                                                                           INVESTOR RELATIONS


No. Report Subject                                                           Date          Address To        Total

9      Submission of Proof of Advertisement for the Results of     13 March 2024          OJK, BEI, & KSEI    1
       the AGMS

10     Disclosure of Information regarding Corporate Actions       13 March 2024          OJK, BEI, & KSEI    1
       (Cash Dividends)                                                                                              Investor Relations serves as a vital communication bridge
11     Changes in Internal Audit                                   25 March 2024, 7 Mei     OJK & BEI         2      between Bank Mandiri and its investors, potential investors,
                                                                   2024
                                                                                                                     shareholders, institutional brokers, investment managers, and
12     Changes in the Audit Committee                              5 April 2024             OJK & BEI         1
                                                                                                                     analysts. The primary goal of Investor Relations is to enhance
13     Report on Fund Availability for the Payment of Bank         15 May 2024              OJK & BEI         1
       Mandiri Sustainable Bonds I Phase II 2017 Series B                                                            the Bank’s credibility and facilitate transparent communication
14     Change of Public Accounting Firm Name                       7 June 2024              OJK & BEI         1      between the Bank’s management and the investment
15     Announcement of Bond/Sukuk Maturity                         14 June 2024             OJK & BEI         1      community, thereby supporting informed decision-making.
16     Buyback or Payment of Debt Securities and/or Sukuk          20 June 2024             OJK & BEI         1

17     Affiliate Transactions                                      27 June 2024             OJK & BEI         1

18     Plan for the Annual Public Expose                           12 August 2024           OJK & BEI         1

19     Submission of Annual Public Expose Materials                22 August 2024           OJK & BEI         1      Bank Mandiri assigns the Investor Relations Unit       providing timely updates on the Bank’s financial
20     Report on the Results of the Annual Public Expose           28 August 2024           OJK & BEI         1      to ensure that stakeholders and the investment         and operational performance, strategic initiatives,
                                                                                                                     community have access to comprehensive and             and market outlook to enhance investor trust and
21     Capital Injection to PT Kliring Penjaminan Efek Indonesia   27 September 2024        OJK & BEI         1
                                                                                                                     accurate information regarding the Company’s           confidence.
22     Appointment/Change of Public Accounting Firm and/           14 October 2024          OJK & BEI         1      performance and strategic direction. This is
       or Public Accountant
                                                                                                                     achieved through proactive engagement,                 Through its active role, Investor Relations is
23     Capital Injection for PT Mandiri Utama Finance              2 December 2024          OJK & BEI         1      including investor and analyst meetings, public        responsible to manage an open communication
24     Changes in Corporate Secretary                              2 December 2024          OJK & BEI         1
                                                                                                                     exposés, presentations, roadshows, press releases,     and information delivery to ensure that the
                                                                                                                     newsletters, and other relevant reports. Investor      investment community has the tools and
                                                                                                                     Relations also represents the Company in               knowledge needed to evaluate the Bank’s
                                                                                                                     domestic and international investor forums and         potential and make well-informed investment
                                                                                                                     conferences, strengthening relationships with the      decisions.
                                                                                                                     global investment community.

                                                                                                                     To further align with the principles of Good
                                                                                                                     Corporate Governance, the Investor Relations
                                                                                                                     Unit emphasizes transparency and accountability
                                                                                                                     in its communication practices. This includes




PT BANK MANDIRI (PERSERO) TBK                                      866                                                                                                867                                    ANNUAL REPORT 2024
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INVESTOR RELATIONS                                                                                                                                                                                               INVESTOR RELATIONS




Group Head Investor Relations Profile                        Investor Relations Duties                              To ensure consistent updates, Investor Relations routinely provided information through press releases,
                                                             and Responsibilities                                   corporate presentations, public exposés, and regular analyst and investor meetings. These activities
                                                                                                                    were designed to promote trust and confidence among stakeholders while aligning with the Bank’s
                                                             The following are duties and responsibilities of       commitment to Good Corporate Governance.
                                                             Investor Relations:
                                                             1. Creating, developing and maintaining                Below is the detailed list of Investor Relations activities conducted in 2024:
                                                                cooperative relationships with constituents
                                                                of the Indonesian Capital Market, including         No.       Activities      Total                Description                        Location              Participant
                            LAURENSIUS
                            TEISERAN                            Fund Managers, buy-side & sell-side Analysts,
                                                                                                                    1     Investor           16 Times Conferences related to the                 Jakarta, Singapura,    Existing dan
                            Group Head Investor                 Stock Brokers, Investments Bankers, and Rating
                                                                                                                          Conference                  Company's performance updates              Thailand, Kuala        Potential Investor
                            Relations                           Agencies.                                                                                                                        Lumpur, Taipei,
                                                             2. Provide accurate qualitative and quantitative                                                                                    Hong Kong, Japan,
                                                                information to form a long-term valuation of                                                                                     United Kingdom,
                                                                                                                                                                                                 United States of
                                                                Bank Mandiri shares through various means                                                                                        America
Age : 37 Years old
Citizenship : Indonesia
                                                                including: Quarterly Earnings Call, Investor
                                                                                                                    2     Virtual Investor   7 Times   Virtual conference related to the         Jakarta                Existing dan
Domicile : Jakarta                                              Conference, Teleconference, Web-Casts, IR                 Conference                   Company's performance updates                                    Potential Investor
                                                                Website, Broker Sponsorship, Road Show & Non-
Educational Background                                          Deal Road Show both Local and International.        3     Non-Deal           8 Times   Meeting at the Shareholders'              Singapura, Kuala   Existing dan
Bachelor in Economics from Atma Jaya University.                                                                          Roadshow                     office location for the Company's         Lumpur, Hong Kong, Potential Investor
                                                             3. Representing the Company’s management                                                  performance updates                       Thailand, United
                                                                in meetings with analysts and investors either                                                                                   States of America,
Professional Background                                         one-on-one or public presentation sessions to                                                                                    United Kingdom,
• Group Head of Investor Relations at Bank Mandiri                                                                                                                                               Europe
                                                                communicate opinions, attitudes and reactions
  (2021-present)                                                                                                    4     Virtual Non-Deal   0 Times   Virtual meeting with Shareholders for Jakarta                    Existing dan
                                                                to company issues and provide strategic
• Senior Vice President at CGS CIMB Securities (2019-                                                                     Roadshow                     the Company's performance updates                                Potential Investor
  2021)                                                         feedback for the Company’s management.
• Vice President at Credit Suisse Securities (2014-2019)     4. Observe the sales patterns and share ownership      5     Adhoc Investor     ±200      The Company's performance updates Jakarta                        Existing dan
• Equity Research Analyst at Bahana Sekuritas (2013-            of the Company, including managing and                    Meeting            Times                                                                      Potential Investor
  2014)
• Research Asisstant at United Nation Development               developing an investor database and contact         6     Quarterly Earnings 4 Times   Presentation of quarterly financial       Jakarta                Existing Investor dan
  Program (2012-2013)                                           reports.                                                  Call/Analyst                 performance reports                                              Analyst
                                                                                                                          Meeting
                                                             5. Maintain openness, accuracy and timeliness of
                                                                the disclosure of relevant information to capital   7     Review Meeting     4 Times   The Company's meeting with Credit         Jakarta                Rating Agencies
                                                                market players.                                           with Credit Rating           Rating Agencies (CRA) to update
                                                                                                                          Agencies                     Bank Mandiri's rating every year


Investor Relations Contact                                   Investor Relations Activities in 2024                  Investor Relations Training in 2024

The contacts for Bank Mandiri Investor Relations             Throughout 2024, Investor Relations maintained         To enhance its capacity to effectively communicate with the investment community and adapt to the
are as follows:                                              consistent engagement with investors and               dynamic capital market environment, the Investor Relations team at Bank Mandiri actively participated
                                                             shareholders through various channels and              in a series of training programs and workshops throughout 2024.
Investor Relations Group                                     initiatives. These included local and international
Menara Mandiri II Lt. 26,                                    roadshows, investor meetings, and regular              Specific training sessions attended by the Investor Relations team in 2024 included:
Jl. Jend. Sudirman Kav.54-55 Jakarta 12190                   communication with analysts and investment
Indonesia                                                    managers. By organizing these activities, Investor                    Types of Training and Competency
Tel: 021 3002 3000 ext. 7125207                              Relations fostered a deeper understanding of the       No.                                                                      Time and Location              Organizers
                                                                                                                                    Development / Training Materials
Email: ir@bankmandiri.co.id                                  Bank’s strategic development and operational
                                                                                                                    1     The CFO: Becoming a Strategic Partner Program               18 October 2024, University      The Wharton School
Website: https://www.bankmandiri.co.id/web/ir                highlights.
                                                                                                                                                                                      of Pennsylvania

                                                                                                                    2     Competence in Banking Risk Management                       07 August 2021, Jakarta          Institute LSPP




PT BANK MANDIRI (PERSERO) TBK                              868                                                                                                             869                                           ANNUAL REPORT 2024
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INTERNAL AUDIT                                                                                                                                                                                                                                  INTERNAL AUDIT




The Internal Audit has the main function and responsibility
to ensure and assist the Company’s management on the                                                                      Organizational Structure of Internal Audit
implementation of corporate governance, the effectiveness
of risk management process and internal control to ensure the                                                                                                                   SEVP INTERNAL AUDIT

optimal implementation of the governance practices in the
Company and its Business Units.
                                                                                                                         Wholesale &
                                                                                                                       Corporate Center          IT Audit                                              Retail Audit                                      Senior

Internal Audit has unlimited, free and unrestricted        PROFILE OF HEAD OF                                               Audit                                                                                                                     Investigator

access to all records, physical property and the           INTERNAL AUDIT                                                                                                 Audit                Retail Production
Company’s employees that are relevant to the                                                                            Wholesale              Cyber &                                                                               Quality
                                                                                                                                                                    Transformation &             & Goverment                                      Investigation 1
                                                                                                                       Banking Audit      IT Security Audit                                                                         Assurance
                                                                                                                                                                     Data Analytics             Product Audit
assignment and are responsible for maintaining
the confidentiality and existence of such records                                                                        Treasury &        IT Infrastructure
                                                                                                                                                                                                   Retail Funding
                                                                                                                      Overseas Network      & Technology                                                                                          Investigation 2
and information.                                                                                                            Audit         Resillience Audit
                                                                                                                                                                   Audit         Data             Distribution Audit
                                                                                                                                                               Transformation   Analytics

                                                                ADI PRANANTIAS                                         Institutional &
Internal Audit carries out its duties and                      Senior Executive Vice                                   Capital Market
                                                                                                                                            IT Digital &                                       Retail Transaction
                                                                                                                                            Retail Audit                                       & Consumer Audit
responsibilities independently and objectively                                                                              Audit
                                                                          President/
led by the Head of Internal Audit who directly                   SEVP Internal Audit
                                                                                                                         Corporate          IT Wholesale                                         Counterpart &
reports to the President Director and Board of                                                                          Center Audit       Business Audit                                      Operations Support
Commissioners through the Audit Committee.
Head of Internal Audit is appointed and terminated                                                                                        IT Governance &                            MIS &
by the President Director upon the approval of             Age : 57 Years old                                                             Corporate Center                         Reporting
                                                                                                                                                                                                   Counterpart         Operations
                                                                                                                                                Audit
                                                           Citizenship : Indonesia
the Board of Commissioners and reported to the             Domicile : Jakarta
                                                                                                                                                                                                     Specialist
Financial Service Authority (OJK).                                                                                                                                                                  Retail Audit
                                                           Education Background                                                             Specialist IT
                                                                                                                                               Audit
                                                           Obtained Bachelor Degree in Management Economics
Holding a role as the Third line of defense, Bank          from Universitas Pancasila, Indonesia (1990).
Mandiri’s Internal Audit ensures that Internal control
in each line of defense is getting stronger and            Basis of Appointment
                                                           Serves as SEVP Internal Audit based on the Board of
more mature. To that end, Internal Audit continues         Directors’ Decree No. KEP.DIR/024/2024 dated 23 April
to innovate in the use of audit methodologies              2024.
and tools hence audits are more effective and
efficient.
                                                           Professional Background
                                                           1. Middle Corporate 1 Group Head (2018-2019)
                                                                                                                          INTERNAL AUDIT POSITION IN THE ORGANIZATIONAL STRUCTURE
                                                           2. Commercial Banking 1 Group Head (2019-2022)
                                                           3. Commercial Banking 4 Group Head (2022-2023)                 At Bank Mandiri, Internal Audit is directly responsible to the President Director and can communicate directly
                                                           4. Senior Executive Vice President Wholesale Risk (2023-       with the Board of Directors, the Board of Commissioners and the Audit Commitee. Internal Audit operates 4 (four)
                                                              2024)
                                                           5. Senior Executive Vice President Internal Audit (April       Units which works are adapted to Bank Mandiri’s business strategy, namely the Wholesale & Corporate Centre
                                                              2024 - now)                                                 Audit Group, Retail Audit Group, IT Audit Group and Senior Investigator. In addition, Internal Audit also has 2 (two)
                                                                                                                          Departments, the Quality Assurance Department and Audit Transformation and Data Analytics, which is directly
                                                                                                                          responsible to the Senior Executive Vice President/Chief Audit Executive.




PT BANK MANDIRI (PERSERO) TBK                            870                                                                                                                                871                                                 ANNUAL REPORT 2024
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INTERNAL AUDIT                                                                                                                                                                                          INTERNAL AUDIT




Parties in Charge of the                                   4. Identifying any possibilities for improving         Internal Audit Personnel Composition
Appointment and Dismissal of                                  and enhancing the efficiency of the use of
the Head of Internal Audit                                    resources and funds.                                In carrying out its duties, the Bank’s Internal Audit is supported by competent and qualified resources.
                                                           5. Providing suggestions for improvement and           The following is Internal Audit personnel composition
The Chief Audit Executive is appointed and dismissed          objective information about the activities
and is directly responsible to the President Director         examined at all levels of management.
                                                                                                                                                       Position                                  Total Employee
with the approval of the Board of Commissioners by         6. Providing consultation and assurance related
considering the Audit Committee recommendations               to strategic poin during planning or during the     SEVP/Chief Audit Executive                                                            1
and subsequently reported to the OJK. The                     implementation of operational activities.           Chief Auditor                                                                         3
appointment has been reported to the OJK through           7. Maintaining the confidentiality of information
                                                                                                                  Senior Investigator Head                                                              1
a letter dated 3 May 2024.                                    during the serves in accordance with the
                                                              prevailing laws and regulations.                    Audit Manager                                                                        11
Internal Audit Charter                                                                                            Investigator Head                                                                     2
                                                           Internal Audit Authority
                                                                                                                  Department Head                                                                       3
Internal Audit has a Charter ratified by the President
Director and President Commissioner, which was             The authorities of Internal Audit are, among others:   Specialist Auditor                                                                    1
last updated on 15 February 2022. The Internal             1. Conducting internal audit activities of all
                                                                                                                  Specialist Investigator                                                               3
Audit Charter provides guidance regarding                     working units in the Bank’s organization,
the purpose, position, authority, responsibilities            subsidiaries and affiliates in accordance with      Lead Auditor                                                                         28

and scope of internal Audit works. The position,              the prevailing governance.                          Lead Investigator                                                                     3
authority and responsibilities expressed formally in       2. Communicating directly with the Board
                                                                                                                  Team Leader                                                                           4
the Internal Audit Charter are in accordance with             of Directors, Board of Commissioners, and
the POJK No. 1/POJK.03/2019 on Implementation                 the Audit Committee, as well as Integrated          Section Head                                                                          1
of Internal Audit function in the Commercial Banks.           Governance Committee.                               Investigator                                                                          5
                                                           3. Communicating and coordinating with
                                                                                                                  Senior Auditor                                                                       27
Internal Audit Duties and                                     external parties including regulators and
Responsibilities                                              external auditors.                                  Auditor                                                                              44
                                                           4. Organizing the meetings periodically and            Junior Investigator                                                                   3
In carrying out its functions, the duties and                 incidental with the President Director, Board
                                                                                                                  Officer                                                                               7
responsibilities of Internal Audit are as follows:            of Commissioners, and Audit committee.
1. Act as a System Supervisor for Investigation            5. Access all information, records, employees,         Supporting                                                                           13
   activities, including for Investigations carried           and including but not limited to accounts
   out by work units outside the Internal Audit.              and resources and other matters deemed
2. Assisting the duties of the President Director             necessary in connection with their tasks and        Internal Audit Professional Certification
   and the Board of Commissioners in conducting               functions.
   oversight by outlining operationally both in            6. Investigating cases/issues in every aspect          Internal Audit strives to provide an ongoing education for all personnel to meet adequate qualifications
   the planning, implementation, and monitoring               and element of activities that indicate fraud       and competencies. Education provided in the form of professional education that is certified both
   audit results.                                             and violations of the code of conduct in the        national and international, the attachment and training programs in the country and overseas. The
3. Inspecting and evaluating the efficiency                   organization of the Bank, Subsidiaries and          following were professional certifications attained by the Internal Audit personnel in 2024.
   and effectiveness in finance, accounting,                  affiliates in accordance with applicable
   commercial, operations, human resources,                   governance.                                         National Profession Certification in 2024
   information technology and other activities             7. Participating in the strategic meeting without
                                                                                                                                                   Certifications                                 Total Personnel
   through audit.                                             voting rights.
                                                                                                                  Qualified Internal Auditor – Dasar                                                    11

                                                                                                                  Qualified Internal Auditor – Lanjutan                                                 13

                                                                                                                  Qualified Internal Auditor – Manajerial                                                9




PT BANK MANDIRI (PERSERO) TBK                            872                                                                                                        873                                 ANNUAL REPORT 2024
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INTERNAL AUDIT                                                                                                                                                                     INTERNAL AUDIT




                                     Certifications           Total Personnel   International Profession Certification in 2024
Audit Intern Bank – Auditor                                        100                                            Certifications                                            Total Personnel

Audit Intern Bank – Supervisor                                      36          EnCase Certified Examiner                                                                           1

Audit Intern Bank – Manajer                                         6           Cisco Certified Network Associate                                                                   1

General Banking                                                     46          Certified Master of Handwriting Analyst                                                             1

                                                                                Certified Anti-Fraud Manager                                                                        3
National Profession Certification in 2024                                       Certified Handwriting Analyst                                                                       2
                                     Certifications           Total Personnel   Certified Forensic Auditor                                                                          14
Chartered Accountant                                                2           Computer Hacking Forensic Investigator                                                              7
Certified Legal Auditor                                             1           Fraud Risk Management Profesional                                                                   5
Certified Internal Audit Executive                                  4           Sertifikasi Kepatuhan                                                                               1
Risk Management Level 4 Certification                              117          Sertifikasi Competency Based Interview                                                              4
Risk Management Level 5 Certification                               28          Certified International Trade and Finance                                                           1
Risk Management Level 6 Certification                               4           Certified Internasional of Enterprise Risk Management                                               1

                                                                                Certified Investment Banking                                                                        1
International Profession Certification in 2024
                                                                                Certified Risk Professional                                                                         1
                                     Certifications           Total Personnel
                                                                                Magnet Certified Forensic Examiner                                                                  2
Certified Internal Auditor                                          1

Certified Fraud Examiner                                            7           Participation in the Internal Audit Profession Association
Certified Bank Auditor                                              1
                                                                                To broaden the professional insight and competence of internal auditors, Internal Audit has participated
Certified Information System Auditor                                9           in the profession Association of Internal Audit, among others:
Certified in Risk Management Assurance                              1

Certified Information Security Manager                              2                  Activity/Organization                                       Position                                  Period

Certified in the Governance of Enterprise IT                        2           Banking Internal Auditor Association      2 (two) Audit Manager (AM) and 1 (one) Department Head of         2023-2026
                                                                                (IAIB)                                    Internal Audit serving as board members.
Control Objectives for Information and Related Technology           2

Information Technology Infrastructure Library                       7
                                                                                In 2024, several institutions conducted benchmarking with Bank Mandiri’s Internal Audit. Those institutions
Certified Information Systems Security Professional                 1           were:
Certification in Control Self Assessment                            1                    Benchmarking
                                                                                No.                                    Institutions                            Focus Discussion
                                                                                             Date
Certified Ethical Hacker                                            1
                                                                                1     9 Januari 2024            PT Semen Indonesia         Integrated Internal Audit Unit
Certified in Risk and Information Systems Control                   1
                                                                                2     21 Maret 2024             PT Mandiri Utama Finance   Organization and IT Audit roles, Investigation, continuous
Tableau Desktop Specialist                                          1
                                                                                                                                           audit & data analytics




PT BANK MANDIRI (PERSERO) TBK                           874                                                                             875                                         ANNUAL REPORT 2024
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INTERNAL AUDIT                                                                                                                                                                                                                                               INTERNAL AUDIT




         Benchmarking                                                                                                      Information System of Internal Audit
No.                                    Institutions                             Focus Discussion
             Date
3     20 Mei 2024               PT Bank Negara Indonesia    Audit Process, Combined Assurance, Audit Management
                                                                                                                           To improve the effectiveness of audit implementation and provide a full picture to the Management
                                Tbk                         System                                                         regarding the audits, the audit activities consisting of planning, implementation, reporting and monitoring
                                                                                                                           stages are carried out using an application called the Audit Management Information System (SIMANIS)
4     24 Juni 2024              PT Bukit Asam               Integrated Internal Audit Unit
                                                                                                                           which is carried out internally as a system of recording and monitoring the results of audits and investigations.
5     28 Juni 2024              PT Bank Syariah Indonesia   Data Analytics                                                 The SIMANIS application had been applied since 21 February 2020 and, is constantly developed to
                                Tbk
                                                                                                                           improve from previous versions.
6     13 Agustus 2024           PT Bank Syariah Indonesia   Audit Rating Methodology
                                Tbk                                                                                        Audit Methods
7     3 Oktober 2024            PT Pelindo Teluk Lamong     Integrated Internal Audit Unit, Audit Activity and             Internal Audit applies a risk-based audit (RBA) methodology for internal audit activities by focusing on
                                                            Development                                                    high-risk areas. The application of this methodology is in accordance with the needs of the Company,
8     21 Oktober 2024           InJourney                   Audit Plan Methodology, Audit Strategy, Integrated Internal    regulatory and best practices.
                                                            Audit Unit, Combined Assurance, Data Analytics, Audit
                                                            Management System, Quality Assurance                           The application of a risk-based audit (RBA) methodology requires good cooperation between Internal
                                                                                                                           Audit and the Operational Risk Management Unit and the Client.
Auditor Code of Ethics
                                                                                                                           The following is the grand design of risk-based audit application at Bank Mandiri:
The Internal Auditors of Bank Mandiri are required to be professional and obey the established code of
ethics. The Bank Mandiri Internal Auditor’s code of ethics are as follows:

                                                                                                                          1 Strategy                        2 Objectives                  3 Processes                       4 Risk                           5 Control
1. Integrity
                                                                                                                                                                                                Indentify processes
   Internal Auditors have integrity by building trust which is the basis for making reliable judgments.                     Indentify business strategy
                                                                                                                                                                 Indentify business
                                                                                                                                                                                                supporting business
                                                                                                                                                                                                                              Indentify Risk associated           Indentify controls to
                                                                                                                                                                     objectives                                                  with the processes            provide assurance on risk
                                                                                                                                                                                               strategy & objectives

2. Objectivity
   The Internal Auditor shows high objectivity in accordance with professional standards in collecting,
                                                                                                                          16 Assesment                                                                                                                       6 Risk Appetite
   evaluating and communicating information about the activities or processes being audited. In
   addition, the Internal Auditor conducts balanced judgments by paying attention to all relevant                          Re-assess appropriateness of                                                                                                        Establish risk appetite and
                                                                                                                           auditees’s risk proprotosation                                                                                                               tolerance
   conditions and not influenced by personal or other people’s interests.
                                                                                                                                                                         Step 1 - 3      Implemented by Business Unit / Risk Owner


3. Confidentiality                                                                                                        15 ARS                                         Step 4 - 9      Owners are facilitated by the SOR unit by using                     7 Classification
   The Internal Auditor respects the value and ownership of the obtained information and does not                                                                                        policies, methodologies, and tools from the Risk
                                                                                                                              Determine Audit Rating                                     Management Unit
   disclose the information without authorization unless there is a legal or professional obligation to                                                                                                                                                        Determine risk classifica-
                                                                                                                                      Score                                                                                                                   tion for the individuals’ risks
   disclose the information.
                                                                                                                                                                      Step 10 - 16       Implemented by Internal Audit

4. Competency
                                                                                                                          14 Fieldwork                                                                                                                       8 Risk Response
   The Internal Auditor uses knowledge, skills and experience required to carry out the audit duties.
   Internal audit activities must be carried out with professional skills and expertise that is having the                   Execute audit and agree                                                                                                            Determine risk response
                                                                                                                               findings with auditees                                                                                                            mitigation measures
   knowledge, skills and other competencies needed to perform their responsibilities.

Internal Audit Capacity Building
                                                                                                                          13 Scope                          12 Audit Plan                11 Approach                        10 Evaluation                    9 Risk Priorisation

The Internal Audit competency development is presented in the Profile Chapter of this Annual Report.                           Agree the scope with            Development of internal      Agree risk maturity and audit     Evalution of risk assestment
                                                                                                                                                                                                                                                                Prioritise areas for audit
                                                                                                                                    auditees                         audit plan               approach with auditees                  by auditees




PT BANK MANDIRI (PERSERO) TBK                               876                                                                                                                                    877                                                       ANNUAL REPORT 2024
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INTERNAL AUDIT                                                                                                                                                                                                            INTERNAL AUDIT




Internal Audit Work Programs                                                                                     Findings and Follow Up on Internal Audit Results
                                                                                                                            Year                                     Outstanding                                 Closed         Total
In 2024, the Internal Audit has prepared audit plans with 38 (thirty-eight) subjects of assignments consisting
                                                                                                                             2016                                             0                                   628            628
of Thematic Audits, General Audits, Audit Mandatory, Audit of Subsidiaries and Consulting. These
assignments are carried out by three work units in Internal Audit, namely the Wholesale & Corporate                          2017                                             0                                   627            627
Center Audit Group Unit, Retail Audit Group, and Information & Technology Audit Group. The details of
                                                                                                                             2018                                             0                                   547            547
the assignment subjects are presented in the following chart.
                                                                                                                             2019                                             0                                   470            470

                                                                                                                             2020                                             0                                   357            357

                                                                                                                             2021                                             0                                   660            660

                                                                                                                             2022                                             0                                   761            761

                                                                                                                             2023                                             0                                   996            996
                            3                                                                                                2024                                          560 *)                                 834           1.394
                          Thematic
                            Audits                                                 12                            *) 560 DMTL in the ”Settlement Process”, with completion commitment starting 31 January 2025.


                                                                                 Audit
                                                                               Mandatory                         Internal Audit Function Standard Implementation

                                                38                                                               The Financial Services Authority (OJK) published POJK No. 1/POJK.03/2019 on the implementation of
                                                                                                                 Internal Audit function of Commercial Banks, effective as of 29 January 2019 in lieu of the standard
                                          Assignment                                                             implementation of the internal Bank Audit function (SPFAIB) that has been used. Following up on the
                                                                                                                 issuance of the POJK, Internal Audit has adopted the regulation on the internal rules, namely the Internal
                     17                                                                                          Audit Charter, Bank Mandiri Internal Control Policy (KICN), Internal Audit Guidelines Standards (SPIA) and
                                                                                                                 Internal Audit Technical Guidelines (PTIA). The changes to the Internal Control Policy were approved by
                 General
                                                                                                                 the President Director and the Board of Commissioners in November 2023. The latest changes to other
                  Audits
                                                                                                                 internal regulations were approved by Bank Mandiri Management (in this case Directors and Group
                                                                          5                                      Heads) in 2023.
                                                                         Audit of
                                                       1               Subsidiaries                              OJK Regulation No. 38/POJK.03/2016 and OJK Circular No. 21/SEOJK. 03/2017
                                                 Consulting
                                                                                                                 In conducting Audit, in particular IT Audit, the Bank is also subject to the provisions set out in the POJK
                                                                                                                 No. 11/POJK.03/2022 on the Implementation of Information Technology by Commercial Banks, and
                                                                                                                 SEOJK No. 21/SEOJK.03/2017 on Risk Management Application in the use of Information Technology by
Audit Activities in 2024                                                                                         Commercial Banks, which aims at improving IT Audit work process in Bank Mandiri.

The dynamic development of the internal audit methodology encouraged the Company’s Internal                      The International Standards for the Professional Practice of Internal Auditing
Audit unit to be more responsive and proactive. With this change, the audit plan which was originally
static had become more dynamics, adapting to the conditions and needs of the Company. In 2024,                   In addition to regulatory, the implementation of Internal Audit of Bank Mandiri adjusts to the International
audit activities were carried out based on the previously prepared audit plan hence the audit results            Standards for the Professional Practice of Internal Auditing (ISPPIA) stipulated by the Institute of Internal
will be followed up and used as material to make continuous improvements in the Company.                         Auditors (IIA).




PT BANK MANDIRI (PERSERO) TBK                         878                                                                                                                                 879                             ANNUAL REPORT 2024
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PUBLIC ACCOUNTANT                                                                                                                                                                                               PUBLIC ACCOUNTANT




                                                                                                               Bank Mandiri applies the principles of Professional Ethics in carrying out the determination of External
                                                                                                               Auditors, which are:
                                                                                                               1. Professional responsibility
                                                                                                               2. Public interests
The External Audit function is carried out through the audit                                                   3. Integrity
of the Company’s Financial Statements by an independent                                                        4. Objectivity
                                                                                                               5. Professional competence and prudence
Public Accountant Firm. This process ensures that the financial                                                6. Confidentiality
information is prepared and presented with high quality,                                                       7. Professional behaviour
adhering to applicable standards. The audit involves expressing                                                8. Technical standard.

an opinion on the fairness of the Company’s Financial                                                          Public Accountant Firm, Accountant Name and Audit Fees and Other Services
Statements and conducting an internal control review. In
addition, it includes re-examining matters previously reviewed                                                 Total fees for audit work and other services provided by Public Accountant Firm Rintis, Jumadi, Rianto
                                                                                                               & Rekan (formerly Tanudiredja, Wibisana, Rintis & Rekan (a member firm of PricewaterhouseCoopers
by Internal Audit and observing the procedures implemented by                                                  Global network)) as Public Accountant Firm and Lucy Luciana Suhenda as Public Accountant for 2024
Internal Audit.                                                                                                fiscal year amounted to Rp16,707,600,000 (including OPE and VAT) is an audit and other services fees
                                                                                                               for the 2024 financial year amounting to Rp16,707,600,000 (including OPE and VAT) processed in one
                                                                                                               procurement and the same engagement letter

                                                                                                               The details of the Audit and other services fees for the 2024 financial year are as follows:
Pursuant to POJK Number 37/POJK.03/2019 on              The following are chronological process to
Transparency and Publication of Bank Reports and        determine the Public Accountant Firm the 2024          Fees for Audit Services and Other Services
SEOJK Number 9/SEOJK.03/2020 on Transparency            Fiscal Year:
and Publication of Conventional Commercial              1. The Procurement Team for Public Accountant                                                                                                                       Fee
Banks Reports, the audit of the Company’s                  Firm Financial Statements for Fiscal Year 2024 as    No.                                      Types of Services                                           (Including OPE &
Financial Statements for the 2024 fiscal year              determined by the Board of Directors, conducted                                                                                                                 VAT)
was performed by independent, competent,                   procurement based on POJK Number 9 year
                                                                                                               Bank Mandiri Consolidated Financial Statement Audit Services
professional, and objective public accountants.            2023 on the Use of Public Accountant Services
The audit was conducted in compliance with the             and Public Accountant Firms in Financial Service    1.     Audit of the Consolidated Financial Statements in accordance with SAK (Financial                   Rp14,269,684,800
Public Accountants Professional Standards, work            Activities and other related regulations.                  Accounting Standards) in Indonesia and SPAP (Public Accountants Professional Standards).

agreements, and the predetermined audit scope.          2. Based on the evaluation process of technical and    2.     Review of Bank Publication Reports                                                                    Rp56,887,500
                                                           financial aspects on the proposals submitted by
                                                                                                               3.     Summary of Management Comments, Suggestions and Responses (Management Letter).                       Rp113,164,500
Appointment of Public Accountant                           the Public Accountant Firm participants of the
                                                           procurement, the Board of Directors submitted the   4.     Audit of the Financial Statements of PT Bank Mandiri (Persero) Tbk Dili Branch, Timor Leste.         Rp485,813,700
Pursuant to the resolution of the Annual GMS               procurement results to the Board of Commissioners   5.     Audit on Trust Activities as part of the general audit object for the Bank in accordance              Rp96,126,000
dated 7 March 2024, the Meeting has appointed              through the Audit Committee.                               with the OJK Regulation.
Public Accountant Firm KAP Rintis, Jumadi, Rianto       3. The Audit Committee submitted recommendations              Subtotal                                                                                          Rp15,021,676,500
& Rekan (formerly Tanudiredja, Wibisana, Rintis &          on the results of the Public Accountant Firm
                                                                                                               Partnerships and Community Development Program Financial Report Audit
Rekan (a member firm of PricewaterhouseCoopers             procurement to the Board of Commissioners,
Global network)) who will audit the Company’s              as the basis for submitting the proposal for the    1.     The audit of PUMK Financial Statements was in accordance with SAK ETAP (Entities without              Rp98.179.500
Consolidated Financial Statements, Financial               appointment of Public Accountant Firm at the               Public Accountability) in Indonesia, the provisions of the Ministry of BUMN and the PUMK
                                                                                                                      Program Accounting Guidelines.
Statements of the Company’s Micro and Small                Annual GMS on 07 March 2024.
Business Funding Program (PUMK), and other              4. Appointment of KAP through Annual GMS on 07                Subtotal                                                                                              Rp98,179,500
statements for Fiscal Year 2024. The 2024 financial        March 2024.
year is the fourth audit period for KAP Rintis,         5. Bank Mandiri submits the results of the AGMS on
Jumadi, Rianto & Rekan (formerly Tanudiredja,              07 March 2024 on the appointment of Public
Wibisana, Rintis & Rekan (a member firm of                 Accountant Firm to the Participants in the
PricewaterhouseCoopers Global network)) .                  Procurement.



PT BANK MANDIRI (PERSERO) TBK                         880                                                                                                                 881                                          ANNUAL REPORT 2024
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PUBLIC ACCOUNTANT                                                                                                                                                                                                         PUBLIC ACCOUNTANT




                                                                                                          Fee                                                                    Periods
                                                                                                                                                                                                   Name of Public    Periods     Fees*)
 No.                                     Types of Services                                         (Including OPE &                                                             of Public
                                                                                                                              Year        Public Accountant Firms                                Accountant/Signing of Public    (In Rp
                                                                                                         VAT)                                                                  Accountant
                                                                                                                                                                                                      Partner       Accountant thousand)
                                                                                                                                                                                   Firm
Other Services
                                                                                                                              2016    Purwantono, Sungkoro & Surja (EY)       2nd Period         Danil Setiadi Handaja     2nd Period        7,850,000
1.       Independent Auditor’s Report on Compliance with Laws and Regulations and Internal                   Rp160,950,000
         Controls for the Year Ended December 31, 2024.                                                                       2015    Purwantono, Sungkoro & Surja (EY)       1st Period         Danil Setiadi Handaja     1st Period        7,330,000
2.       AUP (Agreed Upon Procedures) on Assurans for the Bank's Performance Evaluation Report.              Rp162,948,000    *) Fee including OPE & VAT Details of Fees are presented on the Fees of Audit Services and Other Services’ Table
                                                                                                                              **) The accounting firm’s name change became effective as of May 13, 2024.
3.       AUP (Agreed Upon Procedures) on Bank Reporting System to BI.                                        Rp131,535,000

4.       AUP (Agreed Upon Procedures) on policies and control procedures implemented by the                  Rp128,316,000
         Bank in providing custodian services in accordance with OJK.                                                         Auditor Fee Information
                                                                                                                              In connection with our audit of the consolidated financial statements for the year ended 31 December
5.       AUP (Agreed Upon Procedures) on Key Performance Indicators (KPI) for Collegial and                  Rp504,495,000
                                                                                                                              2024, the following fees were paid or are payable to PwC Indonesia and other PwC Firms located
         Individual Directors.
                                                                                                                              outside of Indonesia:
6.       AUP (Agreed Upon Procedures) on Information Package and Bank Corporation Structure.                 Rp499,500,000

         Subtotal                                                                                           Rp1,587,744,000                                                                                                            Amount
 Total                                                                                                     Rp16,707,600,000                       Nature of Fees were paid or are payable to PwC                                    (in Rp before
                                                                                                                                                                                                                                         VAT)
                                                                                                                              Financial Statement Audit
History of the Public Accountant and Public Accountant Firm Assignments                                                       • Audit of the consolidated financial statements of PT Bank Mandiri (Persero) Tbk for the
The following is the history of the Public Accountant and Public Accountant Firm assignments that have                            fiscal year ended 31 December 2024.
audited the Financial Statements of Bank Mandiri for the last 10 (ten) years:                                                 • Audit of the financial statements of PT Bank Syariah Indonesia Tbk, PT Mandiri Capital
                                                                                                                                  Indonesia, PT Mandiri Sekuritas, Bank Mandiri Hong Kong Branch, Bank Mandiri Shanghai                 30,533,356,306
                                                                                                                                  Branch, and Bank Mandiri Singapore Branch (Subsidiaries and Overseas Branches of PT
                                                                                                                                  Bank Mandiri (Persero) Tbk) for the fiscal year ended 31 December 2024.
                                                     Periods
                                                                      Name of Public    Periods     Fees*)                    • Audit of the financial statements of PT Bank Syariah Indonesia Tbk (a Subsidiary of PT Bank
                                                    of Public                                                                     Mandiri (Persero) Tbk) for the six-month period ended 30 June 2024.
Year          Public Accountant Firms                               Accountant/Signing of Public    (In Rp
                                                   Accountant
                                                                         Partner       Accountant thousand)                   Audit-Related Services, review of the financial statements of PT Bank Mandiri (Persero) Tbk
                                                       Firm                                                                   and its controlled subsidiaries included in the consolidated financial statements for the fiscal           5,219,851,802
                                                                                                                              year ended 31 December 2024.
2024     Rintis, Jumadi, Rianto & Rekan (formerly 4 Period
                                                  th
                                                                    Lucy Luciana Suhenda      4th Period         16,707,600
         Tanudiredja, Wibisana, Rintis & Rekan (a                                                                             Other services provided to PT Bank Mandiri (Persero) Tbk and its controlled subsidiaries
         member firm of PricewaterhouseCoopers                                                                                included in the consolidated financial statements for the fiscal year ended 31 December                    3,141,413,170
         Global network))**                                                                                                   2024.
                                                                                                                              TOTAL                                                                                                     38,894,621,278
2023     Tanudiredja, Wibisana, Rintis & Rekan   3rd Period         Lucy Luciana Suhenda      3rd Period         16,380,000
         (firma anggota jaringan global PwC)

2022     Tanudiredja, Wibisana, Rintis & Rekan   2nd Period         Lucy Luciana Suhenda      2nd Period         15,943,636   Audit Opinion
         (firma anggota jaringan global PwC)
                                                                                                                              Opinions on the results of the 2015-2024 Financial Year Financial Statements are as follows:
2021     Tanudiredja, Wibisana, Rintis & Rekan   1st Period         Lucy Luciana Suhenda      1st Period         14,700,000
         (firma anggota jaringan global PwC)

2020     Purwantono, Sungkoro & Surja (EY)       6th Period         Benyanto Suherman         3rd Period         13,232,827     Year                                        Opinion of Financial Statements

2019     Purwantono, Sungkoro & Surja (EY)       5th Period         Benyanto Suherman         2nd Period         12,607,100     2024     The Consolidated Financial Statements present fairly without modification (previously unqualified) in
                                                                                                                                         accordance with Indonesian Financial Accounting Standards.
2018     Purwantono, Sungkoro & Surja (EY)       4th Period         Benyanto Suherman         1st Period         11,990,000
                                                                                                                                2023     The Consolidated Financial Statements present fairly without modification (previously unqualified) in
2017     Purwantono, Sungkoro & Surja (EY)       3rd Period         Danil Setiadi Handaja     3rd Period         10,000,000              accordance with Indonesian Financial Accounting Standards.

                                                                                                                                2022     The Consolidated Financial Statements present fairly without modification (previously unqualified) in
                                                                                                                                         accordance with Indonesian Financial Accounting Standards.

                                                                                                                                2021     The Consolidated Financial Statements present fairly without modification (previously unqualified) in
                                                                                                                                         accordance with Indonesian Financial Accounting Standards.




PT BANK MANDIRI (PERSERO) TBK                                 882                                                                                                                      883                                         ANNUAL REPORT 2024
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PUBLIC ACCOUNTANT
                                                                                                                                       INTERNAL CONTROL SYSTEM


  Year                                         Opinion of Financial Statements
   2020     The Consolidated Financial Statements present fairly without modification (previously unqualified) in
            accordance with Indonesian Financial Accounting Standards.

   2019     The Consolidated Financial Statements present fairly without modification (previously unqualified) in
            accordance with Indonesian Financial Accounting Standards.                                              Internal control system serves to manage and control the
   2018     The Consolidated Financial Statements present fairly without modification (previously unqualified) in   risks properly so as to create sound and safe operations.
            accordance with Indonesian Financial Accounting Standards.
                                                                                                                    This component covers policies and procedures across all
   2017     The Consolidated Financial Statements present fairly without modification (previously unqualified) in
            accordance with Indonesian Financial Accounting Standards.
                                                                                                                    operational functions that aim to protect the Bank’s assets. The
   2016     The Consolidated Financial Statements present fairly without modification (previously unqualified) in
                                                                                                                    implementation of internal control is designed to achieve an
            accordance with Indonesian Financial Accounting Standards.                                              accurate and reliable financial information, the effectiveness
   2015     The Consolidated Financial Statements present fairly without modification (previously unqualified) in   and efficiency in operation, as well as the compliance with the
            accordance with Indonesian Financial Accounting Standards.
                                                                                                                    applicable laws and regulations.
Relationship among Bank Mandiri, Public Accountants, and Regulators

Bank Mandiri maintains a collaborative and transparent relationship with Public Accountants and
regulators while adhering to relevant legal and regulatory provisions. To ensure the quality of the audit
process, the Audit Committee and Internal Audit oversee the work conducted by the assigned Public
Accountants.                                                                                                        The Internal Control System (SPI) is a control            the company, manage risks to remain within the
                                                                                                                    mechanism established by the Board of Directors           tolerance limit (risk appetite), to provide adequate
The Public Accountants communicate the audit plan for Bank Mandiri’s financial statements to the Audit              with the approval of the Board of Commissioners           confidence in achieving the Bank objectives.
Committee, including details on the audit methodology and sample selection. This information is also                on an ongoing basis with the aim of maintaining
shared with Internal Audit to facilitate coordination. Throughout the audit process, regular discussions            and securing the Bank’s assets, ensuring the              Control Objectives
are held to review audit progress, findings, and any other significant matters, including findings related          availability of accurate, comprehensive, efficient,
to internal controls.                                                                                               and timely reports, improving compliance with             The objectives of effective SPI implementation are
                                                                                                                    regulation, legislation, and internal policies and        grouped into 4 (four) main objectives as follows:
The Audit Committee periodically monitors the performance of Public Accountants through meetings                    provisions, reducing financial impacts/losses,            1. Compliance Objectives
attended by relevant Directors. These meetings also focus on discussing and following up on audit                   irregularities including breach/fraud, and violations        To ensure that all business activities of the
findings reported by the Public Accountant Firm. This close coordination ensures that the audit process             of the prudential aspects, improving organizational          Bank have been carried out in accordance
is thorough, effective, and delivers comprehensive results.                                                         effectiveness and cost efficiency, and improving             with the prevailing laws and regulations, both
                                                                                                                    risk culture effectiveness in the organization               the provisions issued by the Government, the
                                                                                                                    comprehensively. The implementation of SPI in                Banking Supervisory Authority, the Capital
                                                                                                                    the Company refers to the Internal Control Policy            Market Authority as well as the Bank’s internal
                                                                                                                    (KICN).                                                      policies, provisions, and procedures.

                                                                                                                    As a process carried out by all levels of the Bank,       2. Purpose of Information
                                                                                                                    SPI is applied in determining strategies throughout          To provide accurate, complete, timely and
                                                                                                                    the organization and is designed to be able to               relevant information needed in making
                                                                                                                    identify the possibility of an event that can affect         appropriate and accountable decisions,
                                                                                                                                                                                 including financial and non-financial reporting
                                                                                                                                                                                 needed by internal and external parties of
                                                                                                                                                                                 the Bank.




PT BANK MANDIRI (PERSERO) TBK                               884                                                     PT BANK MANDIRI (PERSERO) TBK                       885                                    ANNUAL REPORT 2024
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3. Operational Objectives                                  2. The Bank evaluates the performance,                  15. Management is obliged to improve an effective            Risk assessment is carried out by identifying the
   To increase effectiveness and efficiency in                 competence and application of cultural                  risk culture and ensure that it is inherent at every     risks appetite, setting limits and its risk control
   using assets and other resources and protect                values by employees on a regular basis, the             level of the organization.                               techniques, assessing risks that can be measured
   the Bank from the risk of losses including those            results of which become the basis for employee                                                                   (quantitative) and those that cannot be measured
   caused by fraud events.                                     assignment and placement.                           For the oversight of the Board of Directors                  (qualitative), as well as against risks that can be
                                                           3. The Bank has an adequate organizational              and control culture, the Bank sets strategies &              controlled and cannot be controlled, taking into
4. Risk Culture Objectives                                     structure and reflects the field of duties and      objectives as requirements for an effective event            account their costs and benefits. The risk assessment
   To identify weaknesses and assess deviations                responsibilities established in accordance with     identification, risk assessment and risk response            methodology is a benchmark for creating risk
   early and reassess the reasonableness of                    applicable regulations.                             process, consisting of:                                      profiles in the form of data documentation that
   existing policies and procedures within the             4. The Bank has a written policy regarding the                                                                       can be initiated periodically. Furthermore, the
   Bank on an ongoing basis.                                   provisions and procedures for changing the          1. Strategic Objectives, the high-level targets and          Bank must decide whether to take these risks or
                                                               organizational structure.                              in line with the Bank’s vision and mission.               not, by reducing certain business activities.
Management Oversight                                       5. The management of the Bank is carried out by         2. Operational Objectives, the derivative goals
and Control Culture                                            referring to the principles of Good Corporate          and strategic objectives at the operational               Internal control needs to be reviewed appropriately
                                                               Governance.                                            level (activities, work units and others).                in the event that there are risks that have not been
The control environment shows the overall                  6. The Bank’s decision-making is determined in                                                                       controlled, both previously existing risks and newly
commitment, behaviour, concern and measures                    the Board of Directors meeting.                     The Bank has standard procedures for targets                 emerging risks. The implementation of the review
taken by the Board of Directors and Board of               7. The decision-making process is carried out in        setting in accordance with the vision, mission and           includes conducting continuous evaluations of
Commissioners of Bank Mandiri in carrying out                  a bottom-up and top-down manner.                    risk appetite.                                               the influence of any changes in the environment
operational activities. The Board of Commissioners         8. The Bank establishes policies aimed at                                                                            and conditions, as well as the impact of achieving
is responsible for ensuring that the Board of                  preventing opportunities to commit irregularities   Risk Recognition and Assessment                              targets or the effectiveness of internal control in the
Directors has monitored the effectiveness of SPI               or violations of the precautionary principle.                                                                    Bank’s operational and organizational activities.
implementation. The Board of Commissioners                 9. The Bank applies the principle of transparency       The Board of Directors identifies events that could
plays an active role in ensuring improvements                  hence employees can communicate to the              potentially affect the Bank’s ability to implement           The Board of Directors establishes measures to
to the Company’s issues that can reduce the                    relevant management about any issues that           strategies and achieve targets effectively. The              respond to risks based on an assessment of the
effectiveness of SPI.                                          occur in the Bank’s operational activities.         identification is carried out on events that are             risks and relevant controls.
                                                           10. The entire process of recruitment, development      expected to have a negative impact (risk) that
The Board of Directors is responsible for establishing         and career path is carried out taking into          require the Bank’s assessment and response.                  Control and Separation of
internal control policies and strategies and                   account the competence of employees.                Identification is also carried out on events that            Functions Activities
procedures. The Board of Directors is also                 11. Management assigns and places employees             are expected to have a positive impact which
responsible for monitoring the adequacy                        based on job exposure, level of knowledge,          is an opportunity for the Board of Directors in              Control activities include control activities
and effectiveness of the SPI. The Board of                     ability, mastery of technical competence            developing strategies to achieve the Bank’s goals.           and segregation of duties, with the following
Commissioners and Board of Directors are                       and application of behavior and results of                                                                       description:
responsible for improving work ethics and high                 employee performance assessment.                    In identifying potential events, the Board of
integrity and creating an organizational culture           12. The Board of Directors establishes a corporate      Directors considers all aspects of the organization.         1. Control Activities
that emphasizes all employees the importance                   culture that reflects the values underlying the                                                                     Control activities engage all levels of the
of applicable internal control at Bank Mandiri.                conduct of the entire Bank’s levels.                Risk assessment is a series of actions starting from            Company, which includes planning, setting
                                                           13. All levels of the Bank are required to have         the identification, analysis and measurement of                 policies and procedures, implementing controls
Supervision by management is carried out through               integrity and uphold ethical values.                the Bank’s risk to achieve the set targets. Risk                and early verification processes to ensure that
the establishment of a control culture through the         14. Management becomes a role model,                    assessment is carried out on all types of risks                 policies and procedures have been consistently
stipulation of policies and practices of human                 always increases the engagement level               inherent in each process/activity that has the                  adhered to, and are activities that cannot be
resources, as follows:                                         of all employees and has a high personal            potential to harm the Bank.                                     separated from every function or activity of
1. Bank has written policies and procedures                    commitment to the development of a sound
    regarding human resources, including                       Bank.                                               The Bank has a written risk management policy,
    recruitment, career path, payroll and                                                                          which is determined by the Board of Directors and
    remuneration system, as well as employee                                                                       approved by the Board of Commissioners.
    coaching and development.




PT BANK MANDIRI (PERSERO) TBK                            886                                                                                                              887                                      ANNUAL REPORT 2024
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   the Bank on a daily basis. Control activities                     c. Control of information systems                           iii) Upon request, documents are always                        »» assessment of the adequacy of credit
   are implemented at all levels of functions                           i) The Bank carries out verification of                       available for the benefit of internal                        documentation and monitoring of
   according to the Bank’s organizational                                     the accuracy and completeness                           auditors, external auditors and the                          debtors after credit disbursement.
   structure, which includes:                                                 of transactions, as well as the                         Banking Supervisory Authority.                            »» other business activities that may
   a. Review by the Board of Directors (Top Level                             implementation of authorization                    iv) The Internal Audit Unit assesses the                          cause conflicts of interest.
       Review)                                                                procedures in accordance with                           accuracy and availability of these                        »» i n d e p e n d e n c e o f t h e r i s k
       The Board of Directors periodically requests                           applicable regulations.                                 documents when conducting routine                            management function at the Bank.
       explanations (information) and operational                       ii) The Bank carries out IT control measures                  and non-routine audits.                            d. Directors and Employees have an adequate
       performance reports from the Head of the                               to produce systems and data to                                                                                job description that contains functions,
       Work Unit in order to review the realization                           maintain confidentiality and integrity      2. Segregation of Duties                                          duties, authorities and responsibilities.
       results compared to the targets that have                              and support the achievement of the             a. The separation of functions is intended for              e. The Board of Directors and Employees
       been set. Based on the review, the Board                               Company’s objectives.                             everyone in his/her position to not have                    are prohibited from concurrently holding
       of Directors immediately detects problems,                       iii) Control of information systems includes:           the opportunity to commit and hide errors                   positions in the Bank’s internal environment
       such as control weaknesses, financial                                 »» Control over data centre operations             or deviations in the performance of his/her                 that can cause conflicts of interest.
       statement errors or other irregularities                                 (databases), procurement systems,               duties at all levels of the organization and all
       (fraud).                                                                 development and maintenance of                  steps of operational activities.                      Accountancy, Information and
                                                                                systems/applications. Such control           b. The organizational structure is made by               Communication Systems
   b. Functional Review                                                         is applied to servers, and user work            separating the functions of recording,
      This review is carried out by Internal Audit                              stations, as well as networks.                  audit, operational and non-operational                1. Accounting System
      Unit at the time of audit or in the process of                         »» Application control is applied to the           (segregation of duties), hence to create a               a. The Bank has written accounting policies
      reporting to the regulator, which includes:                               program used by the Company in                  system of dual control, dual custody and                    that meet the generally accepted
      i) Review the risk assessment (risk                                       processing transactions and to                  avoid duplication of work in every activity                 accounting principles.
            profile report) produced by the Risk                                ensure the availability of an effective         and avoid conflicts of interest.                         b. The Bank Accounting System includes
            Management Unit.                                                    audit process and to check the               c. In carrying out the separation of functions,                methods and records in order to identify,
      ii) Analyzing operational data, both                                      correctness of the audit process.               the Bank takes measures, including:                         group, analyse, classify, record/post and
            data related to risk and financial data,                                                                            i) Establish certain functions or tasks in Tte              report all transactions and activities of the
            namely verifying details and transaction                 d. Physical controls                                            Bank that are separated or allocated                   Bank.
            activities compared to outputs (reports)                    i) Physical asset control is carried out to                  to several people in order to reduce                c. The Accounting System must be applied
            produced by the Risk Management                                  ensure the implementation of physical                   the risk of manipulation of the Bank’s                 consistently and persistently to all Bank
            Unit.                                                            security of the Bank’s assets.                          data/information or misuse of the                      transactions.
      iii) R e v i e w t h e r e a l i z a t i o n o f t h e            ii) Physical asset control includes securing                 Bank’s assets.                                      d. The Bank is obliged to reconcile the
            implementation of work plans and                                 assets, records and documentation, as              ii) Such separation of functions is not                     accounting data with the management
            budgets made by each work unit                                   well as limited access to application                   limited to front and back-office                       information system every month. The results
            (Group/Branch), in order to:                                     programs.                                               activities, but also in the control against:           of the reconciliation are documented in an
           »» Identifying the causes of significant                     iii) The Bank must check the value of assets                »» approval of the expenditure of funds                 orderly manner.
              deviations.                                                    (appraisal) periodically.                                  and the realization of expenses.                 e. Every Work Unit responsible for recording
           »» Sets the requirements for corrective                                                                                  »» customer account and bank owner’s                    every transaction must record the
              actions.                                               e. Documentation                                                   account.                                            transaction immediately, accurately,
                                                                        i) The Bank formalizes and documents all                    »» transactions in the Bank’s books.                    and carefully, and conduct control and
                                                                            policies, procedures, systems and work                  »» providing information to the Bank’s                  monitoring processes to:
                                                                            standards adequately.                                       customers.                                          • Review that each transaction has been
                                                                        ii) All policies, procedures, operational                                                                               recorded in the appropriate ledger.
                                                                            systems and accounting standards are                                                                            • Review that each ledger corresponds
                                                                            updated regularly to describe actual                                                                                accurately to its details.
                                                                            operational activities, and must be
                                                                            informed to the Bank’s officials and
                                                                            employees.




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      • Resolve any outstanding accounts                       c. M a n a g e m e n t o r g a n i z e s e f f e c t i v e   and considers the principles/practices of internal       Effectiveness of Internal
         that have not been recorded in the                       communication channels/lines hence                        control that apply internationally (international        Control System
         appropriate ledger (temporary/holding                    the necessary information is affordable                   best practices).
         accounts) promptly.                                      to interested parties. This requirement                                                                            Internal Control System consisting of 5 components
   f. Every Work Unit that uses forms or                          applies to any information, both regarding                The Internal Control System consists of 5                as mentioned above, each other is interrelated
      worksheets must use standardized forms or                   established policies and procedures, risk                 components that are interrelated with each               and determines the effectiveness of SPI
      worksheets containing appropriate security                  exposure and actual transactions, as well                 other and determine the effectiveness of their           implementation in the Company.
      elements and supported by adequate                          as on the Bank’s operational performance.                 application, namely:
      documentation.                                                                                                        1. Oversight by Management and a Control                 The Management is responsible for the
                                                           Monitoring Activities and                                           Culture                                               implementation of a reliable and effective Internal
2. Information                                             Correcting Deficiencies                                          2. Risk Identification and Assessment                    Control System and is obliged to improve an
   a. The Bank has an Information System that                                                                               3. Control Activities and Separation of Functions        effective risk culture and to ensure that it is inherent
       must be able to provide business activities,        The Board of Directors continuously monitors the                 4. Accounting, Information, and Communication            at every level of the organization.
       financial condition, risk management                overall effectiveness of the implementation of SPI                  Systems
       implementation, fulfillment provisions report       including but not limited to the effectiveness and               5. Monitoring Activities and Deviation Correction
       to support Board of Directors and Board of          security in the use of IT, where in its implementation              Actions                                               Internal Audit is responsible for evaluating
       Commissioners duties.                               the Board of Commissioners ensures that the Board                                                                         and playing an active role in improving the
   b. The internal control system at least includes        of Directors has carried out proper monitoring.                  Evaluation of Internal Control                           effectiveness of the Internal Control System on
       the provision of a reliable/adequate                                                                                 System Implementation                                    an ongoing basis related to the implementation of
       information system regarding all functional         Monitoring of the Company’s main risks is part of                                                                         the Company’s operations in achieving the targets
       activities of the Bank, particularly functional     the Company’s daily activities including periodic                The Board of Directors is responsible for the            set by the Company. The results of the evaluation
       activities that are significant and have a          evaluations, both by the Work Unit, Compliance                   implementation of a reliable and effective SPI           are submitted to management for follow-up and
       high potential for risk. Such information           Unit, Risk Management Unit, and Internal Audit Unit.             and has an obligation to improve an effective            the implementation is monitored to ensure the
       systems, including electronic data storage                                                                           risk-aware culture and is obliged to ensure that         Internal Control System is performed effectively.
       and use systems, must be guaranteed                 Related work units continuously monitor the                      it is inherent at every level of the organization.
       its security, monitored by independent              adequacy of SPI related to changes in internal                                                                            The Management believes that the internal control
       parties (internal auditors) and supported           and external conditions and increase the                         Internal Audit is responsible for evaluating             system has been performing effectively, however
       by adequate contingency programs.                   capacity of the SPI hence its effectiveness can                  and playing an active role in improving the              improvements remain needed in line with the
   c. The Bank ensures that information security           be improved. Meanwhile, if there are weaknesses                  effectiveness of SPI on an ongoing basis related         development and complexities of business.
       is carried out effectively hence able to            in the SPI, both identified by the Work Unit (risk               to operational implementation in achieving
       maintain the confidentiality, integrity and         taking unit), Internal Audit Unit and other parties,             the targets set by the Company. Internal Audit
       availability of information.                        it is immediately reported to the Management,                    conducts periodic reviews and audits on all
                                                           and significant matter are also reported to the                  activities in the Work Unit and Subsidiaries.
3. Communication                                           Board of Commissioners.
   a. The Bank has a communication system                                                                                   The results of the evaluation are submitted
      that is able to provide information to all           Compliance with SEOJK                                            to the Board of Directors for follow-up and
      stakeholders (interested parties) both               No. 35/SEOJK.03/2017                                             monitoring of its implementation to ensure that
      internal and external, such as the Banking           on Internal Control Standard                                     the SPI has performed effectively. The Board of
      Supervisory Authority, external auditors,            Guidelines for Commercial Banks                                  Commissioners, particularly through the role of the
      shareholders and customers of the Bank.                                                                               Audit Committee, plays an active role in evaluating
   b. The Internal Control System ensures that             SPI consists of 5 (five) components that are                     SPI by reviewing the results of the evaluation by
      there is an effective communication                  interrelated with each other and are effectively                 the Internal Audit. Based on the evaluation that
      channel hence the Management and                     applied by all levels of organization in the                     has been carried out during 2024, the results of SPI
      Employees understand and comply with                 Company in order to achieve the Company’s                        system at Bank Mandiri is adequate.
      applicable policies and procedures in                objectives. The SPI component implemented by
      carrying out their duties and responsibilities.      the Bank refers to the provisions of the Regulator




PT BANK MANDIRI (PERSERO) TBK                            890                                                                                                                   891                                       ANNUAL REPORT 2024
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                                                                                                                   Compliance Unit
                                                                                                                   The Compliance & AML-CFT Group serves as the Work Unit responsible for the Compliance Function
                                                                                                                   (SKK) at Bank Mandiri. This unit reports directly to the Director overseeing the Compliance Function. In its
                                                                                                                   capacity as the Compliance Unit, the Compliance & AML-CFT Group fulfills the following requirements:

Bank Mandiri’s Compliance Function serves as a proactive                                                           1.   Independence.
measure to ensure that the Bank’s policies, procedures,                                                            2.   Understanding the applicable provisions and laws and regulations.
systems, and business activities comply with prevailing laws                                                       3.   Not performing other duties outside of the Compliance Function.
                                                                                                                   4.   Have a high commitment to implement and develop a Compliance Culture.
and regulations. Compliance Function also ensures adherence
to commitments made to regulators and other supervisory                                                            In line with OJK Regulation No. 18/POJK.03/2014 on the Implementation of Integrated Governance for
authorities.                                                                                                       Financial Conglomerates, the Compliance & AML-CFT Group also serves as the Integrated Compliance
                                                                                                                   Unit (SKKT). Its role includes monitoring and evaluating the implementation of compliance functions
                                                                                                                   across all Financial Services Institutions (LJK) that are part of the Mandiri Group financial conglomerate.




As Bank Mandiri’s business grows and technology            Organizational Structure of
advances rapidly, the Bank faces increased                 Compliance Functions
challenges in managing compliance risks. These             Organizations that carry out compliance functions
challenges necessitate preventive measures to              are regulated in Bank Mandiri’s Compliance Policy
minimize violations of internal regulations and            which is further elaborated in detail in the Standard
applicable laws.                                           Compliance Procedures. The organization consists
                                                           of:
With all transactions now technology-driven, Bank
Mandiri is required to act swiftly and collaboratively     1. Director in charge of the Compliance Function
to enhance its systems and strategies to meet              2. Compliance Unit
societal needs effectively. Proper and timely
management of compliance risks, in alignment               Director In Charge of the
with the latest risk management practices, helps           Compliance Function
to mitigate risks at an early stage. Addressing these      The Director who oversees the Company’s
exposures requires a robust compliance function            Compliance Function is Mr. Agus Dwi Handaya
to prevent fraud and potential financial losses to         as Director of Compliance & HR.
the Company.

Bank Mandiri implements its compliance
function by referring to OJK Regulation No. 46/
POJK.03/2017 on the Implementation of the
Compliance Function for Commercial Banks. Bank
Mandiri has established compliance policies and
standard procedures that outline the roles and
responsibilities of the Compliance Unit (SKK) in
performing its compliance functions.




PT BANK MANDIRI (PERSERO) TBK                            892                                                                                                         893                                     ANNUAL REPORT 2024
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 COMPLIANCE FUNCTION                                                                                                                                   COMPLIANCE FUNCTION




 To effectively execute its compliance functions, the Compliance & AML-CFT Group is structured into 5
 (five) departments and 4 (four) functional units of Compliance Officers, organized as follows:




                                                                                GH COMPLIANCE &
                                                                                   AML - CFT




                                                                                                                                               DEPUTY GH
                                                                                                                                             COMPLIANCE &
                                     Secretary                                                                                                AML - CFT




                                           Senior
                                                                Coporate            Compliance          Financilal Crime                     AML Reportong &     AML System &
QA & LEAS            IT Compliance       Compliance                                                                        DH AML Advisory
                                                               Governace              System                Analysis                          Data Analyst       Development
                                           Officer



                                         Compliance                                   Regulatory        Financial Crime                          AML Data        AML System &
                                                               GCG & Ethic                                                  AML Advisory
                                            Off                                      Compliance             Analyst I                             Analyst        Development




                                                                                     Compilance                             AML Business            AML
                                                               Gratifikasi &                            Financial Crime
                                                                                       System                                Startegy &        Management
                                                             Support Service                               Analyst II
                                                                                     Management                             Development         Information



                                                                                     Compliance
                                                                                                        Financial Crime
                                                                                     Performance                                               AML Reporting
                                                                                                           Analyst III
                                                                                     Management




 PT BANK MANDIRI (PERSERO) TBK                    894                                                                           895                            ANNUAL REPORT 2024
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Profile of Head of                                     Compliance Functions Duties                             Compliance Function Capacity Building
Compliance Function                                    and Responsibilities
The Bank’s Compliance Unit is led by the Head                                                                  The following are trainings and education participated by the staffs of Compliance Unit during 2024.
of Compliance Unit. The appointment and/or             The duties and responsibilities of the Compliance &
dismissal of the Head of Compliance Unit refers        AML-CFT Group Head in carrying out compliance            No.           Date                          Employee Education and Development
to the Bank’s Compliance Policy and is reported        functions, in general are as follows:
to the Regulator.                                      1. Developing measures to support the creation          1      9 January 2024     PRE WORK MEETING COMPLIANCE & HR DIRECTOR

                                                          of a Compliance Culture in all business activities   2      17 January 2024    NUTRIENT TO KEEP GOING ODP
Bank Mandiri has appointed Juliser Sigalingging           of the Bank at every level of the organization.
                                                                                                               3      19 January 2024    WORK MEETING COMPLIANCE & HR DIRECTOR
as Compliance & AML- CFT Group Head based              2. Identifying, measuring, monitoring, and
on the Board of Directors Decree No. KEP.DIR/             controlling Compliance Risk by referring             4      30 January 2024    REFRESHMENT OF SMR LEVEL 5: APPLICATION OF ENTERPRISE RISK MANAGEMENT IN
                                                                                                                                         ACHIEVING SUSTAINABLE BANK
HC.459/2020 dated 4 March 2020 regarding                  to Financial Services Authority regulations
the Appointment and Assignment of Employee                regarding the Implementation of Risk                 5      12 February 2024   FINDING A JOB ON LINKEDIN
Positions.                                                Management for Commercial Banks.                     6      12 February 2024   INFOGRAPHICS DESIGN
                                                       3. Carrying out assessment and evaluation on
                                                                                                               7      15 February 2024   WEBINAR LEGAL SERIES
                                                          the effectiveness, adequacy and suitability of
Profile of Compliance &                                   policies, stipulations, systems and procedures       8      1 March 2024       RECORD OF PROCESSING ACTIVITY (ROPA)
AML-CFT Group Head                                        of the Bank with the prevailing laws and
                                                                                                               9      15 March 2024      E-LEARNING IT SECURITY & RISK AWARENESS
                                                          regulations.
                                                       4. Reviewing and/or providing recommendations           10     20 March 2024      SPARK AND TAD MANAGEMENT POLICY SOCIALIZATION TRAINING
                                                          to update and refine the policies, regulations,      11     3 April 2024       MEANINGFUL WORK/IMPACTFUL GROWTH
                                                          systems and procedures of the Bank to be in
                                                                                                               12     4 April 2024       MANDATORY E-LEARNING IT SECURITY AWARENESS LEVEL 1 (FOUNDATION)
                                                          accordance with Bank Indonesia regulations
                                                          and prevailing laws and regulations.                 13     5 April 2024       MANDATORY E-LEARNING IT SECURITY AWARENESS LEVEL 3 (SENIOR LEADERS)
                                                       5. Making efforts to ensure the policies,               14     17 April 2024      KOPRA BY MANDIRI SOLUTION
                                                          stipulations, systems and procedures, as well as
                           JULISER                                                                             15     19 April 2024      MANDIRI INNOVATION EXPERIENCE
                                                          the Bank’s business activities are in accordance
                           SIGALINGGING
                           Group Head                     with the OJK regulations and prevailing laws         16     24 April 2024      NATIONAL TRAINING FOR MANDIRI BEST EMPLOYEE (MBE) YEAR 2024
                           Compliance & AML-              and regulations.                                     17     26 April 2024      MANDATORY E-LEARNING IT SECURITY AWARENESS LEVEL 2 (LEADERS)
                           CFT
                                                                                                               18     26 April 2024      WEBINAR PDP X POPCORN (POLICY & PROCEDURE CORNER): INTERNAL RULES ON
                                                                                                                                         PERSONAL DATA PROTECTION

Age : 53 Years old                                                                                             19     20 May 2024        SDP
Citizenship : Indonesia
Domicile : Jakarta                                                                                             20     27 May 2024        DIRECTIVE FOR COMPLIANCE & HR ASPECT ON MANAGEMENT OF SALES OFFICERS

                                                                                                               21     3 June 2024        UNDERSTANDING THE PERSONAL DATA PROTECTION ACT
Educational Background
• Bachelor degree in Accounting Economics from
   University of Sumatera Utara (1996).
• Master degree in Financial Management from
   University of Satyagama (2000).

Professional Background
• Group Head of Compliance & AML CFT Group (2020).
• Chief Auditor of retail audit group (2015).
• PIC Chief Auditor of Retail Audit Group (2015).




PT BANK MANDIRI (PERSERO) TBK                        896                                                                                                        897                                     ANNUAL REPORT 2024
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 No.           Date                                 Employee Education and Development                           No.          Date                            Employee Education and Development
22     5 June 2024              IDENTIFYING SUSPICIOUS FINANCIAL TRANSACTIONS & DETERMINING INDICATIONS OF THE   50    17 July 2024        MANDIRIAN GO DIGITAL 2024 PROGRAM
                                UNDERLYING CRIMINAL OFFENSE
                                                                                                                 51    18 July 2024        REDESIGNING LEARNING JOURNEY ODP & SDP
23     10 June 2024             STRATEGIC BUSINESS LEADERS - LEADING FOR IMPACT
                                                                                                                 52    23 July 2024        PDP GOOD PRACTICE
24     20 June 2024             MANDIRI AUCTION
                                                                                                                 53    25 July 2024        “ENHANCING THE ACTIVE ROLE OF BANKS IN PREVENTING TRADE-BASED MONEY
25     24 June 2024             CERTIFIED INFORMATION PRIVACY MANAGER + 1 EXAM                                                             LAUNDERING (TBML)”

26     27 June 2024             HOW TO MAKE CREATIVE THINKING A HABIT                                            54    29 July 2024        IMPLEMENTING THE PERSONAL DATA PROTECTION ACT IN THE BANKING INDUSTRY

27     27 June 2024             HOW TO USE NEGOTIATION JIU JITSU TO RESOLVE CONFLICTS AND PERSUADE               55    29 July 2024        INTERNAL PROVISIONS ON PERSONAL DATA PROTECTION

28     27 June 2024             LEADERSHIP FOUNDATIONS                                                           56    29 July 2024        MANDATORY E-LEARNING FOR BANK MANDIRI CUSTOMER PROTECTION

29     27 June 2024             LIGHTROOM CC: PRESETS BUNDLE                                                     57    1 August 2024       CERTIFICATION FOR RISK MANAGEMENT LEVEL 5 TRAINING

30     27 June 2024             YOUR MONEY OR YOUR LIFE: TRANSFORMING YOUR RELATIONSHIP WITH MONEY AND           58    5 August 2024       PALM OIL & CPO INDUSTRY EXPERTISE TRAINING
                                ACHIEVING FINANCIAL INDEPENDENCE
                                                                                                                 59    8 August 2024       CREDIT LEGAL
31     28 June 2024             BUILD YOUR TEAM'S AGILITY AND RESILIENCE
                                                                                                                 60    8 August 2024       SUSTAINABILITY: CARBON TRADING & CARBON MARKET
32     28 June 2024             COMMUNICATION TIPS
                                                                                                                 61    12 August 2024      INDUSTRY EXPERTISE IN THE TELECOMMUNICATIONS SECTOR
33     28 June 2024             COMPASSIONATE LEADERSHIP
                                                                                                                 62    12 August 2024      MANDIRI ADVANCED LEADERS PROGRAM (MALP) MODUL 1
34     28 June 2024             CREATIVE WITH POWERPOINT
                                                                                                                 63    14 August 2024      MANDIRIAN DNA
35     28 June 2024             STRATEGIC AGILITY
                                                                                                                 64    14 August 2024      PODCAST FRAUDTALK
36     29 June 2024             LEARNING DESIGN THINKING
                                                                                                                 65    14 August 2024      SOCIALIZATION ON MANDIRI SUBSIDIARIES MANAGEMENT PRINCIPLES GUIDELINE (MSMPG)
37     1 July 2024              MANDATORY E-LEARNING_PENGADAAN BARANG DAN JASA
                                                                                                                 66    15 August 2024      TEST FOR RISK MANAGEMENT LEVEL 5 CERTIFICATION
38     1 July 2024              SIMPLE HABITS FOR COMPLEX TIMES (GETABSTRACT SUMMARY)
                                                                                                                 67    16 August 2024      LEADERSHIP TALK: “EMPOWERING EXCELLENCE: UNLEASHING POTENTIAL TO ACHIEVE
39     1 July 2024              TIME MANAGEMENT TIPS: COMMUNICATION                                                                        MARKET DOMINANCE WITH M-DNA”

40     2 July 2024              STRATEGIES FOR YOUR FIRST 90 DAYS IN A NEW JOB                                   68    19 August 2024      2024 PRE RETIREMENT TRAINING 2024

41     2 July 2024              TRAINING & REFRESHMENT ON ISO 37001:2016 ANTI-BRIBERY MANAGEMENT SYSTEM          69    27 August 2024      MPM MASTERY - MASTERCLASS
                                (SMAP)
                                                                                                                 70    30 August 2024      MANDATORY E-LEARNING DRIVING SUSTAINABLE CHANGE
42     2 July 2024              MPM EXECUTIVE - STRATEGIC PEOPLE REVIEW BOD-1
                                                                                                                 71    2 September 2024    INSTRUCTOR CANDIDATE METHODOLOGY TRAINING
43     5 July 2024              POWERPOINT ESSENTIAL TRAINING (MICROSOFT 365)
                                                                                                                 72    2 September 2024    ISO 37001:2016 SURVEILLANCE - ANTI-BRIBERY MANAGEMENT SYSTEM (SMAP)
44     9 July 2024              COMMUNICATION FOUNDATIONS
                                                                                                                 73    5 September 2024    UTILIZATION AND OPTIMIZATION OF BANK MANDIRI’S FIXED NON-CURRENT ASSETS
45     9 July 2024              DRIVING YOUR OWN ENGAGEMENT AT WORK
                                                                                                                 74    9 September 2024    HOW TO FIND SALES LEADS
46     9 July 2024              HOW TO BE AN ADAPTABLE EMPLOYEE DURING CHANGE AND UNCERTAINTY
                                                                                                                 75    9 September 2024    INVESTING IN HUMAN SKILLS IN THE AGE OF AI
47     9 July 2024              INVEST IN YOU: PERSONAL AND PROFESSIONAL DEVELOPMENT TIPS
                                                                                                                 76    10 September 2024   EXCEL: MANAGING AND ANALYZING DATA
48     10 July 2024             FINANCE FOUNDATIONS: RISK MANAGEMENT

49     15 July 2024             PMS TALKS 2024 : PMS INDIVIDUAL ENHANCEMENT




PT BANK MANDIRI (PERSERO) TBK                              898                                                                                                     899                                   ANNUAL REPORT 2024
Page 172
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 No.           Date                                 Employee Education and Development   No.         Date                            Employee Education and Development
77     10 September 2024        SALES GENERALIS                                          106   15 November 2024   CAPABLE OF DATA PROCESSING

78     11 September 2024        MANDATORY E-LEARNING OF COMPLIANCE TEST 2024             107   16 November 2024   CAPABLE OF ADAPTING TO NEW ROLES

79     3 October 2024           INDUSTRY EXPERTISE OF NEW AND RENEWAL ENERGY             108   16 November 2024   CAPABLE TO BE A LEADER

80     10 October 2024          MANDIRI LEARNING FESTIVAL 2024 (HYBRID)                  109   16 November 2024   CAPABLE TO SELL

81     11 October 2024          E-LEARNING OF ANTI FRAUD STRATEGY                        110   16 November 2024   CAPABLE TO PROVIDE SOLUTION

82     17 October 2024          ANTI FRAUD STRATEGY                                      111   16 November 2024   CAPABLE TO COMMUNICATE

83     21 October 2024          MANDIRI ADVANCED LEADERS PROGRAM (MALP) MODUL 2          112   16 November 2024   CAPABLE TO LOOK PROFESSIONAL

84     25 October 2024          BUILDING TRUST                                           113   17 November 2024   ARTICULATING YOUR VALUE

85     27 October 2024          HOW TO WIN TRUST AND CONNECT MASTERFULLY                 114   17 November 2024   IMPROVING YOUR CONFLICT COMPETENCE

86     27 October 2024          WHY TRUST MATTERS WITH RACHEL BOTSMAN                    115   18 November 2024   INTERNAL CONTROL OVER FINANCIAL REPORTING (ICOFR)

87     28 October 2024          CREATING A CULTURE OF CONTINUOUS IMPROVEMENT             116   19 November 2024   REMITTANCE

88     28 October 2024          OPERATIONAL EXCELLENCE FOUNDATIONS                       117   22 November 2024   WELL-BEING LEARNING SERIES 2024

89     28 October 2024          REFLECTING ON INNOVATION FUNDAMENTALS                    118   24 November 2024   TEAMWORK ESSENTIALS: STAND OUT AS A VALUABLE TEAM MEMBER

90     28 October 2024          TEST FOR RISK MANAGEMENT LEVEL 4 CERTIFICATION           119   25 November 2024   ADAPTING LEADERSHIP TO BEHAVIORAL STYLES

91     29 October 2024          GLOSSARY OF TERMS                                        120   25 November 2024   ASKING FOR AND GETTING WHAT YOU WANT

92     29 October 2024          LEADING WITH INNOVATION IN THE AGE OF AI                 121   25 November 2024   TTT PDP SQUAD

93     29 October 2024          REFLECTING ON THE INNOVATION PROCESS                     122   28 November 2024   CREATIVE + WITH RADITYA DIKA: “UNLEASHING THE POWER OF IDEAS TO CREATE
                                                                                                                  IMPACTFUL CONTENT”
94     29 October 2024          REFLECTING ON THE ROLE OF LEADERS
                                                                                         123   28 November 2024   PRIVACY, GOVERNANCE, AND COMPLIANCE: DATA SHARING
95     29 October 2024          REFLECTING ON THEATERS OF INNOVATION
                                                                                         124   29 November 2024   MASTER CLASS VOL.1 - THINK BIG & DELIVER BEYOND EXPECTATION
96     30 October 2024          LEADERSHIP & MANAGERIAL DEVELOPMENT PROGRAM
                                                                                         125   29 November 2024   M-DNA IN ACTION VOL. 2 (IBU FAUZIAH ANNA)
97     30 October 2024          TECHNICAL DEVELOPMENT PROGRAM
                                                                                         126   29 November 2024   M-DNA IN ACTION VOL. 2 (IBU FAUZIAH ANNA)
98     5 November 2024          SKILLS TO BUILD STRONGER WORK RELATIONSHIPS
                                                                                         127   29 November 2024   M-DNA IN ACTION VOL. 6 (IBU CITRA AMELYA)
99     6 November 2024          CERTIFICATION FOR RISK MANAGEMENT LEVEL 6 TRAINING
                                                                                         128   1 December 2024    MINDFUL APPROACHES TO DEFEAT DISTRACTION AND BUILD GREATER MENTAL RESILIENCE
100    12 November 2024         CAPABLE TO BE A LEADER
                                                                                         129   3 December 2024    INTRODUCTION TO RISK MANAGEMENT
101    13 November 2024         AKHLAK & MDNA
                                                                                         130   3 December 2024    LEADERSHIP REFLECTIONS INTERNALIZING THE 5 KEY CHARACTERISTICS OF MDNA
102    14 November 2024         COMPASSIONATE DIRECTNESS
                                                                                         131   3 December 2024    REPUTATION RISK MANAGEMENT
103    14 November 2024         M-DNA IN ACTION VOL. 1 (BPK. SUNARTO)
                                                                                         132   5 December 2024    NATIONAL COMPLIANCE TRAINING AND AML, CFT & PF PREVENTION IN BANK MANDIRI’S
104    14 November 2024         M-DNA IN ACTION VOL. 7 (BPK. JAN WINSTON TAMBUNAN)                                FINANCIAL CONGLOMERATION
105    14 November 2024         CERTIFICATION FOR RISK MANAGEMENT LEVEL 4 TRAINING       133   6 December 2024    TAX TRAINING TOWARD PSIAP IMPLEMENTATION IN 2025




PT BANK MANDIRI (PERSERO) TBK                             900                                                                              901                                  ANNUAL REPORT 2024
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 No.           Date                                Employee Education and Development                     No.         Date                            Employee Education and Development
134    10 December 2024         CYBERSECURITY AWARENESS: MALWARE                                          161   23 December 2024   NANO TIPS FOR MANAGING UP WITH LORRAINE K. LEE

135    10 December 2024         INSIGHTS FROM A CYBERSECURITY PROFESSIONAL                                162   23 December 2024   QUICK SCRIPTS FOR DIFFICULT CONVERSATIONS

136    10 December 2024         M-DNA IN ACTION VOL. 3 (BPK. BUDI PURWANTO)                               163   23 December 2024   THE COACHING HABIT (GETABSTRACT SUMMARY)

137    10 December 2024         TECH SENSE                                                                164   23 December 2024   UNLOCK YOUR TEAM'S CREATIVITY

138    11 December 2024         ASSESSING AND IMPROVING STRATEGIC PLANS                                   165   23 December 2024   WORK ON PURPOSE

139    11 December 2024         BUSINESS INNOVATION FOUNDATIONS                                           166   24 December 2024   ESG DISCLOSURES AND COMPLIANCE

140    11 December 2024         MANAGERS AS MULTIPLIERS OF WELL-BEING                                     167   24 December 2024   WHAT IS GRAPHIC DESIGN?

141    11 December 2024         OVERCOMING OBSTACLES TO LEADING WITH CONFIDENCE                           168   26 December 2024   BEGINNER SALES NANO TIPS WITH MILES CROFT

142    11 December 2024         RISIKO RISK MANAGEMENT CERTIFICATION REFRESHMENT                          169   26 December 2024   CHANGE MANAGEMENT: ROADMAP TO PLANNING

143    12 December 2024         INNOVATOR'S JOURNEY - LET'S VALIDATE YOUR IDEA                            170   26 December 2024   ESSENTIALS OF TEAM COLLABORATION

144    15 December 2024         CONCEPT VISUALIZATION                                                     171   26 December 2024   FIVE LEARNING LESSONS FROM COGNITIVE SCIENCE

145    17 December 2024         IMPLICATIONS OF IMPLEMENTING ELECTRONIC LAND CERTIFICATE REGULATIONS ON   172   26 December 2024   GET READY FOR GENERATIVE AI
                                CREDIT COLLATERAL
                                                                                                          173   26 December 2024   NANO TIPS AND SHORTCUTS FOR USING EXCEL WITH KAT NORTON
146    19 December 2024         MDNA - CEO MESSAGE
                                                                                                          174   26 December 2024   NANO TIPS FOR ADVANCING YOUR CAREER WITH SHO DEWAN
147    19 December 2024         ORGANIZATIONAL THOUGHT LEADERSHIP
                                                                                                          175   26 December 2024   NANO TIPS FOR DELEGATING AS A MANAGER WITH LORRAINE K. LEE
148    23 December 2024         BODY LANGUAGE SECRETS FOR POWERFUL PRESENTATIONS
                                                                                                          176   26 December 2024   NANO TIPS FOR ESTABLISHING AN ENTREPRENEURIAL MINDSET WITH ROSS SIMMONDS
149    23 December 2024         CREATING A COMMUNICATIONS STRATEGY
                                                                                                          177   26 December 2024   NANO TIPS FOR IMPROVING EMAIL COMMUNICATIONS WITH LISA BODELL
150    23 December 2024         CRITICAL THINKING AND PROBLEM SOLVING
                                                                                                          178   26 December 2024   NANO TIPS FOR POWERFUL LEADERSHIP STORYTELLING WITH CHRISTINA BLACKEN
151    23 December 2024         DESIGN THINKING AT WORK (GETABSTRACT SUMMARY)
                                                                                                          179   26 December 2024   NANO TIPS FOR USING DIGITAL MARKETING TO GROW WITH ROSS SIMMONDS
152    23 December 2024         FROM COMPLIANCE TO CULTURE: A PSYCHOLOGICAL SAFETY FRAMEWORK FOR
                                INCLUSION                                                                 180   26 December 2024   NANO TIPS ON HOW TO USE STORYTELLING FOR PROBLEM SOLVING WITH ASH RATHOD

153    23 December 2024         HOW TO MAKE STRATEGIC THINKING A HABIT                                    181   26 December 2024   NANO TIPS TO ACCELERATE YOUR GOALS WITH SHADÉ ZAHRAI

154    23 December 2024         HOW TO THINK STRATEGICALLY                                                182   26 December 2024   STRATEGIES FOR EFFECTIVE LEADERSHIP TEAMS

155    23 December 2024         LEADERS AS CONTENT CREATOR – FRAUD RISK MANAGEMENT SYSTEM                 183   26 December 2024   THE POWER OF THE MINIMALIST ENTREPRENEUR

156    23 December 2024         LEARNING FROM FAILURE                                                     184   26 December 2024   THE PURPOSE EFFECT (GETABSTRACT SUMMARY)

157    23 December 2024         NANO TIPS FOR AVOIDING LEADERSHIP MISSTEPS WITH ASHLEY HERD               185   26 December 2024   THINKING 101: HOW TO REASON BETTER TO LIVE BETTER (BOOK BITE)

158    23 December 2024         NANO TIPS FOR EFFECTIVE COLLABORATION WITH LORRAINE K. LEE                186   26 December 2024   USING DATA SCIENCE TO HIRE EMPLOYEES

159    23 December 2024         NANO TIPS FOR GIVING AND RECEIVING FEEDBACK WITH LORRAINE K. LEE          187   26 December 2024   WHAT TO DO WHEN THERE'S TOO MUCH TO DO (GETABSTRACT SUMMARY)

160    23 December 2024         NANO TIPS FOR LEADING WITH POSITIVITY WITH LORRAINE K. LEE                188   27 December 2024   CLOSING THE SEVEN POWER GAPS THAT LIMIT YOUR CAREER




PT BANK MANDIRI (PERSERO) TBK                              902                                                                                             903                                     ANNUAL REPORT 2024
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 No.           Date                                Employee Education and Development                             Compliance Policies and                                  Bank Mandiri Standard
189    27 December 2024         GOOD CORPORATE GOVERNANCE IN AGENCY COSTS IN THE INDONESIAN BANKING
                                                                                                                  Standard Procedures                                      Compliance Procedures
                                SYSTEM
                                                                                                                  Bank Mandiri has established comprehensive               The Standard Compliance Procedures provide
190    27 December 2024         HOW TRUST WORKS: THE SCIENCE OF RELATIONSHIPS (BOOK BITE)
                                                                                                                  compliance policies and standard procedures              in detailed the Compliance Policy, as a
191    27 December 2024         MARIA GIUDICE: DESIGN LEADERSHIP IN BUSINESS                                      to guide all employees in fostering a strong             practical guide to implement the Compliance
192    27 December 2024         M-DNA IN ACTION VOL. 3 (PAK BUDI PURWANTO)                                        Compliance Culture. These policies ensure that the       Function. The procedures cover key aspects
                                                                                                                  Bank’s activities consistently align with prevailing     such as Organization, duties, and responsibilities;
193    27 December 2024         NANO TIPS FOR ASPIRING PRODUCT MANAGERS WITH CHERIE LUO
                                                                                                                  laws and regulations and adhere to the principle         Governance and compliance work programs;
194    27 December 2024         NANO TIPS FOR BUILDING A CAREER IN CYBERSECURITY                                  of prudence.                                             Execution of compliance functions; Compliance
195    27 December 2024         NANO TIPS FOR DEFINING YOUR PERSONAL BRAND WITH DIANA YK CHAN
                                                                                                                                                                           tools; Enhance the effectiveness of compliance
                                                                                                                                                                           functions; Identification and management
196    27 December 2024         PRACTICE EXAM 2 FOR MICROSOFT AZURE FUNDAMENTALS (AZ-900)                         To maintain their relevance and effectiveness, the       of compliance risks; Mitigation strategies for
197    28 December 2024         DATA VISUALIZATION: BEST PRACTICES                                                compliance policies and standard procedures              compliance risks; as well as Collaboration between
                                                                                                                  are reviewed periodically, at least once a year,         the Compliance Unit (SKK) and other key units,
198    30 December 2024         ANTICIPATING THE FUTURE AS A LEADER
                                                                                                                  in accordance with the Bank’s needs and any              including the Internal Audit Unit (SKAI) and the Risk
199    30 December 2024         BASILE STUDIO: DESIGNING TIMELESS RESTAURANTS                                     updates to relevant laws and regulations.                Management Unit (SKMR), particularly operational
200    30 December 2024         BILL GEORGE ON SELF-AWARENESS, AUTHENTICITY, AND LEADERSHIP                                                                                risk management.
                                                                                                                  Bank Mandiri Compliance Policy
201    30 December 2024         DEVELOPING A CRITICAL THINKING MINDSET
                                                                                                                                                                           The compliance function is implemented through
202    30 December 2024         HOW TO EVALUATE A JOB OFFER'S BENEFITS PACKAGE                                    Bank Mandiri’s Compliance Policy serves as               Compliance Assurance Services (CAS), which
203    30 December 2024         HOW TO THINK BETTER BY THINKING BACKWARDS                                         a comprehensive guide for all employees to               include Supervisory services, Review/examination
                                                                                                                  uphold and implement a strong Compliance                 services, Consultation services, and Regulatory
204    30 December 2024         HUMOR, SERIOUSLY: YOUR SECRET WEAPON IN BUSINESS (BOOK BITE)
                                                                                                                  Culture within the organization. The policy              services.
205    30 December 2024         LEVERAGING AI FOR GOVERNANCE, RISK, AND COMPLIANCE                                includes key components such as General
206    30 December 2024         MANAGING PEOPLE - STEVE JOBS
                                                                                                                  Policy, Organizational Structure, Authority and          Bank Mandiri Compliance
                                                                                                                  Responsibility, Compliance Risk Management,              Technical Guidelines
207    30 December 2024         M-DNA IN ACTION VOL. 4 (BPK ALEXANDER DIPPO)                                      Reporting, and Monitoring.
208    30 December 2024         M-DNA IN ACTION VOL. 5 (BPK. TRILAKSITO SINGGIH)                                                                                           The Compliance Technical Guidelines outline
                                                                                                                  In addition, the Compliance Policy defines               the operational procedures and technical work
209    30 December 2024         NANO TIPS FOR NAVIGATING MENTORSHIP IN THE WORKPLACE WITH KRISTI KENNEBREW
                                                                                                                  fundamental Compliance Principles, which consist         processes for implementing the compliance
210    30 December 2024         NANO TIPS ON HOW TO PIVOT YOUR CAREER WITH DIANA YK CHAN                          of:                                                      function, serving as a detailed elaboration of the
211    30 December 2024         OPENAI API: INTRODUCTION                                                          1. The Company always complies with prevailing           Standard Compliance Procedures.
                                                                                                                      laws and regulations and applies the principle
212    30 December 2024         PRACTICE EXAM 1 FOR MICROSOFT POWER PLATFORM FUNDAMENTALS (PL-900)
                                                                                                                      of prudence in carrying out all its activities       To support the implementation of the integrated
213    30 December 2024         SMALL LANGUAGE MODELS AND LLAMAFILE                                                   (mandatory).                                         compliance function, Bank Mandiri has established
214    30 December 2024         TALKING BOLDLY: WHEN INCLUSION MEETS POLITICS AT THE OFFICE                       2. The Board of Commissioners and Board of               the Mandiri Group Principle Guideline (MGPG) and
                                                                                                                      Directors are role models based on honesty           the Mandiri Subsidiary Management Principles
215    31 December 2024         A NEW WAY TO LEAD COMMAND CONTROL VS TRUST INSPIRE - STEPHEN M. R. COVEY
                                                                                                                      and integrity hence the implementation of            Guideline (MSMPG). These guidelines serve as a
216    31 December 2024         THE FIVE TS OF GREAT COACHES - PART 1 - IT’S NOT (ONLY) ABOUT WINNING - HARVARD       compliance becomes the Company’s culture             framework for ensuring effective and consistent
                                BUSINESS REVIEW                                                                       (starts from the top).                               compliance practices across the financial
217    31 December 2024         WHAT DOES A LEADER DO - BARACK OBAMA                                              3. All levels of the Company are fully responsible       conglomerate.
                                                                                                                      for carrying out compliance in each of their
218    31 December 2024         WISE LEADERS NOT SMART LEADERS - JACK MA
                                                                                                                      respective activities.                               As the Main Entity, Bank Mandiri requires
                                                                                                                                                                           all financial institutions within the Financial
                                                                                                                                                                           Conglomerate to adopt compliance policies
                                                                                                                                                                           aligned with Bank Mandiri’s Compliance Policy.




PT BANK MANDIRI (PERSERO) TBK                              904                                                                                                       905                                     ANNUAL REPORT 2024
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These policies are tailored to meet the specific                            Procedure System (IPPS), which includes             a. Analysis of new provisions as a basis for            c. Internal Control Systems
regulatory requirements of each industry within                             Policy & Procedure Corner (Popcorn) as a               preparing compliance risks and conducting               This entailed evaluating and examining
the respective Financial Services Institutions (LJK).                       module for publishing and disseminating                prudential meetings with relevant work units            the adequacy and effectiveness of AML,
For Overseas Units, the compliance policies are                             internal and external regulations.                     to discuss the fulfilment of obligations for            CTF, and PPPSPM program implementation,
adjusted to adhere to the laws and regulations                           c. To drive the implementation of the code                new regulations.                                        including through internal audits, external
applicable in the local jurisdiction.                                       of conduct and support the Anti-Fraud               b. Socialization of new provisions resumes to              audits, and control testing of KYC practices
                                                                            Strategy (SAF) program, the Bank has                   all employees through electronic media.                 and compliance with AML, CTF, and
Compliance Strategy 2024                                                    also established a whistleblowing policy                                                                       PPPSPM reporting obligations.
                                                                            and reporting mechanism known as the             6. Implementation of APU, PPT and PPPSPM
To support the achievement of Bank Mandiri’s                                Whistleblowing System - Letter to CEO               Programs                                                d. Management Information Systems
vision in 2024, Bank Mandiri has established                                (WBS-LTC). The WBS-LTC aims to detect               The risk of Money Laundering, Terrorism                    This involved developing systems and
a compliance strategy so as to minimize the                                 irregularities and/or acts or indications           Financing, and/or Financing of the Proliferation           applications to support AML, CTF, and
possibility of compliance risks and improve the                             of fraud within Bank Mandiri, promote               of Weapons of Mass Destruction occurring                   PPPSPM program implementation,
compliance culture in each of the Bank’s activities.                        awareness and concern among all                     through the Bank has increased in line with                particularly to enhance the quality of the
                                                                            employees, and enhance the company’s                advancements in technology and public                      KYC process in online business relationship
Compliance Function Work                                                    reputation in the eyes of stakeholders.             financial literacy. Concurrently, the heightened           onboarding channels and improve the
Programs in 2024                                                                                                                expectations from the Government and                       quality of AML, CTF, and PPPSPM reporting.
                                                                     2. Improvement of Compliance Culture                       Regulators/Authorities regarding the
To support the improvement of the Compliance                            As part of fostering a compliance culture,              implementation of AML, CTF, and PPPSPM                  e. Human Resources & Training
Culture, the following were efforts made by the                         Bank Mandiri conducted a compliance testing             programs in the Financial Services Sector,                 This focused on enhancing employee
Company:                                                                program in Q3 2024 for all employees across             especially after Indonesia became a member                 competencies, particularly AML, CTF,
1. Strengthening Compliance Infrastructure and                          the organization.                                       of the Financial Action Task Force (FATF), have            and PPPSPM personnel, in implementing
   Function Systems                                                                                                             prompted Bank Mandiri to enhance its quality               regulations and addressing current issues
2. Improvement of Compliance Culture                                 3. Improvement of Human Resources (HR)                     and commitment to optimizing risk-based                    in AML, CTF, and PPPSPM through training,
3. Improvement of Human Resources (HR)                                  Competence                                              implementation of AML, CTF, and PPPSPM                     attachments, socialization, and refreshment
   Competence                                                           To improve the quality of human resources               programs in accordance with applicable laws                programs.
4. Improvement of Awareness of Compliance                               and implement competency standards                      and regulations as well as international best
   Culture                                                              in compliance, the Bank will conduct a                  practices.                                                 Details of the AML, CTF, and PPPSPM
5. Compliance Risk Management                                           Compliance Certification program at the                                                                            programs implemented in 2024 are outlined
6. AML-CFT and PPPSPM Program Implementation                            national level, which will be attended by               Throughout 2024, Bank Mandiri implemented a                in the Subsection on AML, CTF, and PPPSPM
7. Implementation of Governance                                         all employees of the Compliance Unit and                series of strengthening and execution measures             Program Implementation (page 909).
8. Strengthening Integrated Governance                                  Compliance Unit in the Work Unit.                       for AML, CTF, and PPPSPM programs based on
9. Reward & Punishment in the Implementation                                                                                    the five pillars of the AML, CTF, and PPPSPM         7. Implementation of Governance
   of Compliance Functions                                                                                                      program framework, which include:                       As a form of Bank Mandiri’s commitment and
                                                                     4. Improvement of Awareness of Compliance                  a. Active Oversight by the Board of Directors           consistency in implementing Governance
Compliance Work Plan                                                     Culture                                                    and Board of Commissioners                          to maintain business continuity, Bank
Implementation in 2024                                               As an effort to increase employee awareness on                 This was carried out through discussions and        Mandiri makes continuous improvements
                                                                     the importance of a Compliance Culture that                    directives regarding the implementation             to the implementation of Governance. To
1. S t r e n g t h e n i n g C o m p l i a n c e F u n c t i o n     can have an impact on compliance risk, the Bank                of AML, CTF, and PPPSPM programs                    improve the implementation of Governance
   Infrastructure and Systems                                        conducts an awareness improvement program                      during Board of Directors and Board of              continuously, Bank Mandiri conducts a
   The compliance infrastructure and systems                         through the creation of a list of report obligations.          Commissioners meetings.                             Governance self-assessment – bank only based
   currently in place at Bank Mandiri will be                                                                                                                                           on POJK No. 17 of 2023 and SEOJK No. 13/
   strengthened as follows:                                          5. Compliance Risk Management                              b. Policies and Procedures                              POJK.03/2017 concerning the Implementation
   a. Reviewing and refining compliance policies,                       Compliance risk management is carried                      This included reviewing and adjusting AML,           of Governance for Commercial Banks.
         guidelines, and technical instructions.                        out regularly to minimize the occurrence                   CTF, and PPPSPM policies and procedures
   b. The management of digitalized and end-                            of compliance risks. The compliance risk                   in line with the Bank’s needs and prevailing
         to-end integrated regulations is facilitated                   management process that has been carried                   regulations.
         through the Integrated Policy and                              out are:



PT BANK MANDIRI (PERSERO) TBK                                      906                                                                                                         907                                   ANNUAL REPORT 2024
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COMPLIANCE FUNCTION                                                                                                             IMPLEMENTATION OF
                                                                                                                         ANTI-MONEY LAUNDERING,
                                                                                                                               COUNTER-TERRORISM
8. Strengthening Integrated Governance                   9. Reward & Punishment in the Implementation
                                                                                                                      FINANCING, AND PREVENTION
   The synergy of compliance with financial
   institutions in the Bank Mandiri Financial
                                                            of Compliance Functions
                                                            In order to develop the compliance function,                  OF THE WEAPONS OF MASS
   Conglomerate covers several subjects,
   including compliance risk management,
                                                            the Internal Control Score (ICS) parameter has
                                                            been prepared as one of the components of                      DESTRUCTION PROGRAMS
                                                                                                                         PROLIFERATION FINANCING
   the implementation of AML - CFT and the                  the performance assessment of Bank Mandiri’s
   implementation of Integrated Governance                  work units related to the implementation and
   a. In relation to the integrated compliance              role of the compliance function in each work
       risk management process, the Bank will               unit. The evaluation is expected to improve the
       hold a discussion forum on the compliance            quality of compliance culture implementation
       risks of each Financial Conglomerate, and            and compliance risk management in minimizing
       monitor the implementation of the Financial          risks that may occur due to non-compliance
       Conglomerate compliance function in the              with prevailing regulations.
       Financial Conglomerate through regular
       quarterly reporting.                              Evaluation of Compliance
   b. In relation to the implementation of the           Function Effectiveness                               Bank Mandiri implements Anti-Money Laundering (AML),
       integrated AML, CTF, and PPPSPM programs,                                                              Counter-Terrorism Financing (CTF), and Countering the Financing
       Bank Mandiri is fully committed to realizing      The activities and performance of the Compliance
       risk-based AML, CTF, and PPPSPM program           Function are evaluated annually by the
                                                                                                              of Proliferation of Weapons of Mass Destruction (CFPWMD)
       implementation with integrity within the          Compliance Director to enhance its effectiveness     programs effectively and efficiently through a series of strategic
       Financial Conglomerate. This commitment           and address any gaps for the upcoming year. The      initiatives focusing on Procedures & Processes, Systems &
       is demonstrated by consistently providing         evaluation is conducted based on several criteria,
       assistance to subsidiaries in aspects such as     including the Annual Work Plan, Key Performance
                                                                                                              Technology, and Human Resources. These strategies are
       Organization, Policies & Procedures, and          Indicators (KPI), and Non-Key Performance            applied in a measured and sustainable manner to keep pace
       Human Resources.                                  Indicator (Non-KPI) Work Programs or Activities.     with the growth of Bank Mandiri’s business and digital financial
   c. In relation to the implementation of
                                                                                                              transactions, aiming to prevent the misuse of the Bank by
       Integrated Governance, Bank Mandiri               The KPI-based assessment focuses on four key
       conducts a self-assessment of the                 aspects, namely Financial Perspective, Customer      perpetrators of Money Laundering (ML), Terrorism Financing (TF),
       implementation of Integrated Governance           Perspective, Internal Business Perspective, and      and/or Financing of Proliferation of Weapons of Mass Destruction
       based on OJK Regulation No. 18/                   Development Perspective
                                                                                                              (FPWMD).
       POJK.03/2014 and OJK Circular Letter
       No. 15/SEOJK.03/2015 concerning the               Based on the evaluation conducted in 2024,
       Implementation of Integrated Governance           the Compliance Function demonstrated
       for Financial Conglomerates. This self-           good performance in aligning with regulatory         The rapid and dynamic advancements in                  Indonesia officially became a full member of
       assessment is conducted twice a year              requirements and internal standards.                 innovation and technology within the Financial         the Financial Action Task Force (FATF) following
       (in the June and December periods) and                                                                 Services Sector have driven Bank Mandiri to            the FATF plenary meeting in Paris in October
       involves all entities within the Bank Mandiri                                                          undertake business transformation through              2023. Bank Mandiri’s active contribution to the
       Financial Conglomerate.                                                                                digitalization. This approach is embedded in the       Mutual Evaluation Review (MER) process played
   d. In relation to the implementation of                                                                    Bank’s long-term strategy, specifically its “Game      a significant role in achieving positive outcomes
       Integrated Governance, Bank Mandiri                                                                    Changing Technology” initiative. However,              for Indonesia’s assessment, culminating in this
       urges Financial Service Institutions in                                                                this transformation is balanced with a strong          achievement. This milestone presents a new
       Financial Conglomerate to participate in                                                               commitment to prudence, security, confidentiality,     challenge for Bank Mandiri to consistently support
       Good Corporate Governance assessment                                                                   and effective risk mitigation to prevent misuse of     the AML, CTF, and CFPWMD regimes in Indonesia
       activities by independent parties, namely                                                              the Bank by parties involved in Money Laundering       as part of its commitment to national development
       The Indonesian Institute for Corporate                                                                 (ML), Terrorism Financing (TF), and/or Financing       and global integrity standards.
       Governance (IICG) with the aim of                                                                      the Proliferation of Weapons of Mass Destruction
       improving the application of the principles                                                            (FPWMD).
       of Good Corporate Governance in the
       Financial Conglomerates of Bank Mandiri.

PT BANK MANDIRI (PERSERO) TBK                          908                                                                                                     909                                   ANNUAL REPORT 2024
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IMPLEMENTATION OF ANTI-MONEY LAUNDERING, COUNTER-TERRORISM FINANCING,                                                       IMPLEMENTATION OF ANTI-MONEY LAUNDERING, COUNTER-TERRORISM FINANCING,
AND PREVENTION OF THE WEAPONS OF MASS DESTRUCTION PROGRAMS PROLIFERATION                                                 AND PREVENTION OF THE WEAPONS OF MASS DESTRUCTION PROGRAMS PROLIFERATION
FINANCING                                                                                                                                                                               FINANCING




To strengthen the optimal implementation of                  Organizational Structure of                           To optimize the quality and ensure the implementation of AML, CTF, and CFPWMD programs at branches,
the AML, CTF, and CFPWMD programs, Bank                      AML, CFT, and CFPWMD                                  the Bank assigns an Anti-Money Laundering Officer (AMLO) in each Region (I-XII) across Indonesia to
Mandiri adheres to applicable regulations, risk                                                                    safeguard the application of AML, CTF, and CFPWMD programs at the regional level. In performing their
management practices, the Bank’s Business                    The effectiveness of implementing AML, CTF, and       functions, AMLOs maintain a coordination line with the Compliance & AML-CFT Group, and they are
Plan, and International Best Practices. The                  CFPWMD programs is greatly influenced by the          required to regularly submit reports on the execution of their functions to the Compliance & AML-CFT
Bank’s vision, “To be your preferred financial               active involvement of the Board of Directors and      Group.
partner,” is realized through a series of strategic          Board of Commissioners, which is a key factor in
initiatives focusing on Procedures & Processes,              overseeing the adoption of a compliance culture,      To further enhance the quality of AMLOs, the Compliance & AML-CFT Group continuously improves their
Systems & Technology, and Human Resources.                   including strategic initiatives for the Bank’s AML,   competencies through ongoing training and attachment programs.
These strategies are implemented sustainably to              CTF, and CFPWMD programs. This leadership
enhance the effectiveness of the risk-based AML,             involvement is directly reflected in discussions      The organizational structure for AML-CTF implementation can be illustrated as follows:
CTF, and CFPWMD programs.                                    held by the Board of Directors and Board of
                                                             Commissioners, focusing on the implementation
Policies and Procedures for the                              of integrated AML, CTF, and CFPWMD programs                                   HEAD OFFICE                                                               REGION
Implementation of AML, CFT                                   and presenting follow-up strategies on issues of
and CFPWMD Programs                                          concern raised by Regulators and/or Stakeholders.                                  DIRECTOR OF
                                                                                                                                               COMPILANCE
                                                                                                                                                AND HR
The Bank has established policies and procedures             As part of the compliance management
for implementing AML, CTF, and CFPWMD                        framework for implementing AML, CTF, and
programs that align with applicable laws and                 CFPWMD programs, the Bank has designated                                          GROUP HEAD
                                                                                                                                              COMPLIANCE &                                                           REGION CEO
regulations as well as International Best Practices,         the Compliance & AML-CFT Group as the                                             AML-CFT
which include the following:                                 unit responsible for formulating strategies and
                                                             monitoring the implementation of AML, CTF,
1. Roles and responsibilities of the Board of Directors,     and CFPWMD programs at Bank Mandiri, both
    Board of Commissioners, and AML, CTF, and                individually and on an integrated basis.
    CFPWMD Units.                                                                                                                            DEPUTY GROUP HEAD
                                                                                                                                              COMPLIANCE &                                                RBC Head            Area Head
2. KYC procedures for prospective customers,                 Specifically, the Bank has appointed the Deputy                                    AML-CFT
    customers, walk-in customers, and beneficial             Group Head of the Compliance & AML-CFT
    owners.                                                  Group as a dedicated officer to supervise the
3. Implementation of AML, CTF, and CFPWMD                    implementation of AML, CTF, and CFPWMD                                                                                                       TL AMLO          Branch Manager*

    programs in the provision of high-risk products          programs carried out by four (4) departments,
    and services.                                            each with the following main functions and
4. Implementation of AML, CTF, and CFPWMD                    responsibilities:                                                                                                                                              *)As PIC, APU, PPT, and
                                                                                                                    Financial Crime                           AML Reporting & Data      AML System &
                                                                                                                                        AML Advisory Dept.                                                 AMLO
    programs related to the use of Professional              1. Preparing and updating the Bank’s Individual         Analysis Dept.                              Analyst Dept.        Development Dept.                     PPRSPM at Branches

    Supporting Services.                                        Risk Assessment (IRA) for ML, TF, and/or FPWMD.
5. Refusal of business relationships, transaction            2. Formulating, evaluating, and updating policies
                                                                                                                   Composition UKK APU, PPT and PPSPPM
    rejection, and/or termination of business                   and procedures related to AML, CTF, and            • Head Office: 33 Employee
    relationships.                                              CFPWMD.                                            • Region : 70

6. AML, CTF, and CFPWMD reporting.                           3. Supervising the implementation of AML, CTF,
7. Documentation management.                                    and CFPWMD programs within the Financial
8. Human resources and training.                                Conglomerate.
9. Implementation of AML, CTF, and CFPWMD                    4. Submitting AML, CTF, and CFPWMD reports
    programs for overseas branches and subsidiaries.            to regulators, including managing reporting
10. Management Information Systems.                             quality.
                                                             5. Developing and refining applications and
                                                                systems to support the implementation of AML,
                                                                CTF, and CFPWMD programs.




PT BANK MANDIRI (PERSERO) TBK                              910                                                                                                                  911                                      ANNUAL REPORT 2024
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IMPLEMENTATION OF ANTI-MONEY LAUNDERING, COUNTER-TERRORISM FINANCING,
AND PREVENTION OF THE WEAPONS OF MASS DESTRUCTION PROGRAMS PROLIFERATION
FINANCING
                                                                                                                                 FUNDING TO SOCIAL AND/OR
                                                                                                                                        POLITICAL ACTIVITIES

                                                                  Entities (6.42).
AML, CFT, and CFPWMD Programs                                  b. Prepared, implemented, and monitored
Implementation in 2024                                            the Bank’s obligations related to reporting
                                                                  RKDK transactions to PPATK during the 2024
Throughout 2024, Bank Mandiri implemented a                       General Election period.
series of AML, CTF, and CFPWMD work programs                   c. Participated in the Public-Private Partnership   Bank Mandiri recognizes that its role extends beyond financial
with the following achievements:                                  (PPP) Project, focusing on developing            performance and includes making meaningful contributions
1. Procedures & Process                                           Operational Alerts related to Investment
    a. Conducted reviews of AML, CTF, and                         Fraud in the Credit Union sector and Green
                                                                                                                   to the communities and environments in which it operates.
       CFPWMD policies and procedures.                            Financial Crime in the Mining sector.            The Bank is committed to fostering sustainable development
    b. Updated risk assessments for ML, TF, and/               d. Acted as a Respondent and Subject                by integrating social and environmental considerations into its
       or FPWMD (Individual Risk Assessment/IRA).                 Matter Expert (SME) in studies, research,
                                                                                                                   operations and corporate strategy.
    c. Enhanced customer data quality and                         and surveys by regulators concerning ML,
       updated customer information.                              including Shadow Economy in the Natural
    d. E v a l u a t e d a n d m o n i t o r e d t h e            Resources sector, Child Sexual Exploitation
       implementation of AML, CTF, and CFPWMD                     (CSE), and Green Financial Crime (GFC).
       programs in an integrated manner across                 e. Actively participated in the 22nd Anniversary    As part of the commitment to Social and Environmental Responsibility, Bank Mandiri allocated a total
       domestic office networks and subsidiaries.                 of Indonesia’s AML/CTF Regime through the        of Rp250 billion in 2024 to support initiatives focused on community and environmental development.
    e. Identified, reviewed, and assessed ML,                     following activities:
       TF, and/or FPWMD risks associated with                     i) Participated in the AML/CTF Debate                                                                                                Costs (Rp)
       the development of new technologies or                          Competition, AML Smart Competition          No.             Description
       existing products.                                              2024, AML CTF Office Battle 2024 Moot                                                2024                 2023            2022            2021              2020
                                                                       Court, Social Service, Bazaar, Children’s   1     Education                          33,7 Billion         48.4 Billion    40.3 Billion    30.5 Billion      28.3 Billion
2. System & Technology                                                 Competition, and Sports Together for
                                                                                                                   2     Social & Community                156,1 Billion         79.5 Billion    49.8 Billion    30.1 Billion      10.8 Billion
   Enhanced systems and applications supporting                        the 22nd Anniversary of the AML/CTF
   the implementation of AML, CTF, and CFPWMD                          Regime, where Bank Mandiri received         3     Religious Facility                   12 Billion         11.7 Billion    12.6 Billion    19.3 Billion      18.1 Billion
   programs.                                                           FIRST PLACE.                                4     General Infrastructure Facility    21,4 Billion         17.0 Billion    12.6 Billion    13.4 Billion       9.5 Billion
                                                                  ii) Actively contributed insights during the
                                                                                                                   5     Natural Disaster                    1,7 Billion          0.9 Billion     3.8 Billion       5.5 Billion    54.9 Billion
3. Human Resources                                                     2024 National Discussion event.
   Increased awareness and competence                             iii) Participated in planting 1,000 endemic      6     Health Facility                    15,8 Billion         15.7 Billion    17.8 Billion    33.5 Billion      11.8 Billion
   in implementing AML, CTF, and CFPWMD                                plant seedlings from West Sumatra at        7     Environmental Conservation          9,3 Billion          1.4 Billion     0.6 Billion       0.9 Billion     0.4 Billion
   programs across all Bank Mandiri employees,                         Andalas University.
                                                                                                                         Total                              250 Billion      174.6 Billion      137.6 Billion   132.4 Billion     133.9 Billion
   including those at overseas branches and                       iv) Served as a speaker at an International
   subsidiaries, through initiatives such as                           Seminar on Optimizing Collaboration to
   attachments, training, socialization, and                           Prevent and Address Green Financial         The detailed description on the social and environmental responsibility is presented in the section of
   forums.                                                             Crime in Indonesia towards Golden           Social & Environmental Responsibility which is an integral part of this Annual Report, as well as separately
                                                                       Indonesia 2024.                             in the 2024 Sustainability Report.
4. Engagement in National Strategic Programs
   a. Participated in the 2024 Financial Integrity                                                                 During 2024, Bank Mandiri did not provide any funding for political activities or political parties.
      Rating on Money Laundering/Terrorist
      Financing (FIR on ML/TF) program by PPATK.
      Bank Mandiri achieved the Highest Rating
      in the 2024 FIR on ML/TF assessment for the
      KBMI 4 category, with a score of 9.04, which
      was higher than the aggregate scores of
      Commercial Banks (8.41) and All Reporting




PT BANK MANDIRI (PERSERO) TBK                            912                                                                                                               913                                             ANNUAL REPORT 2024
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SIGNIFICANT LITIGATION                                                                                                                                                                                                SIGNIFICANT LITIGATION




                                                                                                                                                                                Impact to
                                                                                                                                                                 Solution                      Management            Sanctions    Compensation
                                                                                                                         No.        Principal Lawsuit                           Company
                                                                                                                                                                  Status                          Efforts            imposed         Claim
                                                                                                                                                                                Conditions
                                                                                                                         3.     Case No. 493/Pdt.Plw/2024/    Examination       Risk of asset Bank Mandiri has     None           _
                                                                                                                                PN.Jkt.Pst between PT Mitra   at the District   loss          attended court
In 2024, Bank Mandiri faced several litigations involving various                                                               Mata Jakarta Pusat and
                                                                                                                                Bank Mandiri
                                                                                                                                                              Court level                     proceedings,
                                                                                                                                                                                              submitted a
legal matters. These cases include both those that have been                                                                                                                                  response, and will
                                                                                                                                                                                              prepare evidence
resolved with permanent legal force (inkracht) and others that                                                                                                                                to support Bank
                                                                                                                                                                                              Mandiri's position
remain in the settlement process.
                                                                                                                         Impact of Litigations on the Company

                                                                                                                         The legal proceedings faced by Bank Mandiri in 2024 had minimal impact on the Company. This is
                                                                                                                         attributable to effective risk mitigation measures that have been implemented to address inherent risks
                                                                                                                         associated with these cases.
As of 31 December 2024, Bank Mandiri was involved in several civil cases, both ongoing and resolved (legally
binding), with details as follows:                                                                                       Litigations Involving the Board of Commissioners and Board of Directors
  No.                                          Litigation                                              Civil
                                                                                                                         During the 2024 period, there were no significant legal cases faced by the Board of Directors and Board
1.        Cases/Litigation under settlement process                                                     210
                                                                                                                         of Commissioners of Bank Mandiri currently in office, either civil or criminal.
2.        Resolved Cases/Litigation (has had permanent legal force)                                     154
                                                                                                                         Administrative Sanctions from OJK to the Company

SIGNIFICANT LITIGATION IN 2024                                                                                           Throughout 2024, no material administrative sanctions affecting the business continuity of the Company and
                                                                                                                         no administrative sanctions imposed on members of the Board of Directors or the Board of Commissioners.
Among the aforementioned civil cases, there are 3 (three) civil cases that significantly impact Bank
Mandiri, as detailed below:                                                                                              SIGNIFICANT LITIGATION OF SUBSIDIARIES
Civil Cases                                                                                                              Litigations
                                                       Impact to
                                       Solution                      Management          Sanctions   Compensation        In 2024, some of Bank Mandiri’s subsidiaries encountered several legal disputes. These include cases
No.         Principal Lawsuit                          Company
                                        Status                          Efforts          imposed        Claim            that have been resolved with permanent legal force (inkracht) and others that are still in the resolution
                                                       Conditions
                                                                                                                         process. Details of these disputes are presented in the following table:
1.      Case No. 649/Pdt.G/2023/     Examination       Risk of      Bank Mandiri         None        Materiil:
        PN.Jkt.Sel between Wida      at the            paying       has submitted a                  Rp3,762,500,000
        Murtini Soedibyo and Bank    Supreme           indemnity    counter-appeal                   DM 2,311,042         No.                                 Litigation                                      Civil         Industrial Relations
        Mandiri                      Court level                    memorandum
                                                                                                     Immateriil:         1.     Cases/Litigation under settlement process                                      315                     1
                                                                                                     Rp6,323,134,536
                                                                                                                         2.     Resolved Cases/Litigation (has had permanent legal force)                      247                     2
2.      Case No. 337/Pdt.G/2024/     Examination       Risk of      Bank Mandiri has     None        Rp956,873,838,534
        PN Jkt Utr between Wida      at the District   paying       attended court
        Murtini Soedibyo and Bank    Court level       indemnity    proceedings,
        Mandiri                                                     submitted a
                                                                    response, and will
                                                                    prepare evidence
                                                                    to support Bank
                                                                    Mandiri's position




PT BANK MANDIRI (PERSERO) TBK                                914                                                                                                                    915                                          ANNUAL REPORT 2024
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SIGNIFICANT LITIGATION                                                                                                                                                                                              SIGNIFICANT LITIGATION




Of these cases, 12 (twelve) civil cases were most significantly affected the Company (Subsidiaries), as                                                                 3. PT Bank Mandiri Taspen
follows:
                                                                                                                                                           • The case was decided at the District Court level, with Bank Mandiri Taspen winning.
                                                                                                                              Settlement Status            • The case was decided at the High Court level, with Bank Mandiri Taspen winning.
CIVIL                                                                                                                                                      • The case was decided at the Supreme Court level, with Bank Mandiri Taspen
                                                                                                                                                             winning.

                                              1. PT Mandiri Tunas Finance                                                     Impact on the Company’s      No significant impact on the company's condition.
                                                                                                                              Condition (Risk)
                                Parties Involved
                                Plaintiff:
                                1. PT Mandiri Tunas Finance                                                                                                The case has been decided at the Supreme Court level with the following ruling:
                                                                                                                                                           1. Rejecting the cassation appeal filed by the Cassation Applicant, Ni Wayan Mudiasni.
Main Litigation or Lawsuit                                                                                                                                 2. Ordering the Cassation Applicant to pay court costs for the cassation process in the
                                Defendant:                                                                                    Decision
                                1. Ali Muhammadsyah (debtor)                                                                                                  amount of Rp500,000.00 (five hundred thousand rupiah).

                                Subject of Dispute                                                                                                         Bank Mandiri Taspen won at the District Court, High Court, and Supreme Court levels
                                Vehicle unit as Objects of Fiduciary Collateral                                                                            (the decision is final and binding/inkracht). No compensation claims were made.

Settlement Status               Filed a lawsuit against the decision of BPSK Kota Padang.

Impact on the Company’s         No significant impact on the company's condition. In this case, MTF's position is strong as                                             4. PT Bank Mandiri Taspen
Condition (Risk)                the Vehicle Handover Report was signed by the Debtor.
                                                                                                                                                           Parties Involved
Decision                        The case is still ongoing at the District Court level.                                                                     Plaintiff:
                                                                                                                                                           PT Taspen Abadi Sentosa, represented by its President Director, Yusup Permana, who
                                                                                                                                                           authorized:
                                                                                                                                                           - Fahrizal Husin Nasution
                                              2. PT Mandiri Tunas Finance                                                                                  - William Albert Zai
                                                                                                                                                           - Gatot Nurwiyono
                                Parties Involved
                                                                                                                                                           - Ariawati Nunung DS
                                Plaintiff:
                                1. PT Mandiri Tunas Finance                                                                                                Defendant:
                                                                                                                              Main Litigation or Lawsuit
Main Issue or Lawsuit                                                                                                                                      - Kusworo (Defendant I)
                                Defendant:                                                                                                                 - Bank BTN (Defendant II)
                                1. Elisabeth (debtor)
                                                                                                                                                           Co-Defendants:
                                Subject of Dispute                                                                                                         - PT Bank Mandiri Taspen (Co-Defendant I)
                                Vehicle unit as Objects of Fiduciary Collateral                                                                            - PT Pos Indonesia (Persero) (Co-Defendant II)
Settlement Status               Filed a Lawsuit Against the Decision of BPSK Kota Medan
                                                                                                                                                           Subject of Dispute
                                No significant impact on the company's condition. In this case, MTF's position is strong                                   Alleged unlawful actions by Kusworo, who is accused of defrauding Bank Mandiri
Impact on the Company’s                                                                                                                                    Taspen customers in relation to loan transactions.
                                as there remains an outstanding obligation from the debtor that cannot be claimed
Condition (Risk)
                                through insurance.

Decision                        The case is still ongoing at the District Court level.                                                                     The case has been decided at the District Court, High Court, and Supreme Court levels.
                                                                                                                              Settlement Status
                                                                                                                                                           The Plaintiff did not pursue legal remedies or appeal (the decision is final and binding/
                                                                                                                                                           inkracht).

                                               3. PT Bank Mandiri Taspen                                                      Impact on the Company’s      No significant impact on the company's condition.
                                                                                                                              Condition (Risk)
                                Parties Involved
                                Plaintiff:
                                1. I Putu Agus Putra Sumardana, SH (Legal Counsel)                                                                         The case has been decided at the Supreme Court level with the following ruling:
                                2. Ni Wayan Mudiasni (Debtor)                                                                                              1. Granting the Plaintiff's claim in part.
                                                                                                                                                           2. Declaring Defendant I guilty of committing an unlawful act.
Main Litigation or Lawsuit                                                                                                    Court Decision
                                Defendant:                                                                                                                 3. Ordering Defendant I to pay material damages to the Plaintiff amounting to
                                1. PT Bank Mandiri Taspen (formerly PT Bank Mandiri Taspen Pos)                                                               Rp2,436,962,487.
                                2. Balai Lelang Bali                                                                                                       4. Ordering the Co-Defendants to comply with the contents of this decision.
                                                                                                                                                           5. Rejecting the remainder of the Plaintiff's claim.
                                Subject of Dispute
                                Land and buildings used as collateral.




PT BANK MANDIRI (PERSERO) TBK                                  916                                                                                                                     917                                      ANNUAL REPORT 2024
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SIGNIFICANT LITIGATION                                                                                                                                                                                            SIGNIFICANT LITIGATION




                                              5. PT Bank Mandiri Taspen                                                                                               6. PT Bank Mandiri Taspen
                                Parties Involved                                                                                                       The case was decided at the District Court level with the following ruling:
                                Plaintiff:                                                                                                             1. Declaring that the lawsuit filed by the Plaintiffs is inadmissible.
                                                                                                                          Court Decision
                                Emiliana Wilujeng                                                                                                      2. Ordering the Plaintiffs to pay all costs incurred in this case, amounting to Rp422,000.

                                Defendant:                                                                                                             Based on this ruling, the Bank is in a winning position.
                                - Kadek Redika (Defendant I)
                                - Ketut Alit Nariasih (Defendant II)
Main Litigation or Lawsuit
                                Co-Defendants:                                                                                                                        7. PT Bank Mandiri Taspen
                                - BPN Gianyar (Co-Defendant I)
                                - PT Bank Mandiri Taspen (Co-Defendant II)                                                                             Parties Involved
                                                                                                                                                       Plaintiff:
                                Subject of Dispute                                                                                                     PT BPR Kredit Mandiri Celebes Sejahtera Manado
                                The Plaintiff argues that Defendant I and Defendant II committed a breach of
                                contract regarding a plot of land that is still encumbered by a Mortgage Right (Hak                                    Defendant:
                                Tanggungan).                                                                                                           - Nelly Sulu (Defendant I)
                                                                                                                          Main Litigation or Lawsuit   - Kantor Pusat Koperasi PT Bank Mandiri Taspen (Defendant II)
Settlement Status               The Plaintiff has withdrawn the lawsuit.                                                                               - PT Bank Mandiri Taspen (Defendant III)

Impact on the Company’s         No significant impact on the company's condition.                                                                      Co-Defendant :
Condition (Risk)                                                                                                                                       PT Taspen (Persero) (Co-Defendant)

Court Decision                  With the withdrawal of the lawsuit by the Plaintiff, the case is not pursued further.                                  Subject of Dispute
                                                                                                                                                       The Plaintiff feels aggrieved by the breach of contract committed by Defendant I.

                                                                                                                                                       The case has been decided at the District Court level, and the Plaintiff did not pursue
                                              6. PT Bank Mandiri Taspen                                                   Settlement Status
                                                                                                                                                       legal remedies or appeal (the decision is final and binding/inkracht).
                                Parties Involved                                                                          Impact on the Company’s      No significant impact on the company's condition.
                                Plaintiff:                                                                                Condition (Risk)
                                1. Undang Siregar
                                2. Verdi Octavianus                                                                                                    The case was decided at the District Court level with the following ruling:
                                3. Adi Sukendro                                                                                                        1. Declaring that Lawsuit Number 9/Pdt.G/2024/PN Mnd is dismissed;
                                4. Prasetio Budi                                                                                                       2. Declaring that the Plaintiff's lawsuit, registered with the Manado District Court
                                5. Nurly Herti                                                                            Court Decision                  Clerk on January 11, 2024, under Case Register Number 9/Pdt.G/2024/PN Mnd, is
                                6. Jumiati                                                                                                                dismissed;
                                7. Siti Anna Br Purba                                                                                                  3. Ordering the Plaintiffs to pay court costs, estimated at Rp379,000,-
                                8. Suparno
                                9. Etty Helderia Saragi                                                                                                With this decision, the lawsuit is nullified.
Main Litigation or Lawsuit      10. Suhartini
                                11. Jumawati Panjaitan
                                12. Poniati
                                                                                                                                                                    8. PT Mandiri Utama Finance
                                13. Akhmad Joni
                                14. Repida Tambunan                                                                                                    Parties Involved
                                15. Sri Ratna                                                                                                          Plaintiff:
                                                                                                                                                       Moh. Ikhwan Nofal
                                Defendant:
                                - Elmamber Petamu Sinaga (Bank Mandiri Taspen) (Defendant I)                              Main Litigation or Lawsuit
                                                                                                                                                       Defendant:
                                - Mahendra Siregar (OJK) (Defendant II)                                                                                PT Mandiri Utama Finance

                                Subject of Dispute                                                                                                     Subject of Dispute
                                The Plaintiff argues that Defendant I and Defendant II committed unlawful acts                                         Fiduciary Guarantee Object
                                concerning the credit applied for by the Plaintiff.

                                The case has been decided at the District Court level, and the Plaintiff did not pursue
Settlement Status
                                legal remedies or appeal (the decision is final and binding/inkracht).

Impact on the Company’s         No significant impact on the company's condition.
Condition (Risk)




PT BANK MANDIRI (PERSERO) TBK                                 918                                                                                                                  919                                         ANNUAL REPORT 2024
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SIGNIFICANT LITIGATION                                                                                                                                                                                                         SIGNIFICANT LITIGATION




                                             8. PT Mandiri Utama Finance                                                                                                 9. PT Bank Syariah Indonesia Tbk.
                                The Plaintiff filed a simple lawsuit against the repossession of a vehicle unit (Fiduciary                                         On 11 February 2014, the Central Jakarta District Court rendered the following verdict:
                                Guarantee Object) conducted by MUF. The case was decided by the Kotamobagu                                                         1. Declared the Defendant’s Objection admissible;
                                District Court, which ruled to reject the Plaintiff's claim. Subsequently, the Plaintiff filed                                     2. Declared that the Central Jakarta District Court does not have the authority to
                                an objection, which was granted by the Kotamobagu District Court judge with a ruling                                                  examine and adjudicate this case.
Settlement Status               partially in favor of the Plaintiff.
                                                                                                                                                                   On 8 September 2014, the Jakarta High Court issued a decision on the appeal with
                                Following this, MUF pursued legal action by filing an Execution Petition based on the fiduciary                                    the following ruling:
                                guarantee certificate against the Plaintiff as the defaulting debtor. At present, the Fiduciary       Court Decision
                                                                                                                                                                   1. Accepted the appeal filed by the Appellant, formerly the Plaintiff;
                                Guarantee Object has been successfully repossessed by MUF.                                                                         2. Affirmed the decision of the Central Jakarta District Court No. 404/Pdt.G/2013/PN.Jkt.
                                                                                                                                                                      Pst., dated 11 February 2014, which was the subject of the appeal;
Impact on the Company’s         Based on the actions taken in handling the case, the matter has been resolved effectively
                                                                                                                                                                   3. Ordered the Appellant, formerly the Plaintiff, to pay court fees at both levels of
Condition (Risk)                with recovery achieved.
                                                                                                                                                                      the judiciary, with the appeal level costs set at Rp150,000 (one hundred and fifty
Court Decision                  The ruling on the objection to the Simple Lawsuit decision partially granted the Plaintiff's claim,                                   thousand rupiah).
                                after which MUF filed an Execution Petition based on the fiduciary guarantee certificate.
                                                                                                                                                                   No information is available regarding any further legal action through cassation.


                                          9. PT Bank Syariah Indonesia Tbk.
                                                                                                                                                                        10. PT Bank Syariah Indonesia Tbk.
                                   Case Number:
                                   404/Pdt.G/2013/PN.Jkt.Pst                                                                                                        Case Number:
                                                                                                                                                                    519/Pdt.G/2023/PN.Bdg
                                   Parties:
                                   Plaintiff: PT Atriumasta Sakti                                                                                                   Parties:
Main Litigation or Lawsuit
                                   Defendant: BSI (formerly BSM)                                                                                                    Plaintiff: Sukmawati
                                                                                                                                                                    Defendant I: Anton Mashary
                                   Case Summary:                                                                                      Main Litigation or Lawsuit    Defendant II: PT BSI
                                   A lawsuit filed by PT Atriumasta Sakti, a financing customer, claiming that BSI failed                                           Co-Defendant I: KPKNL
                                   to comply with a Basyarnas (National Sharia Arbitration Board) decision, which had                                               Co-Defendant II: Gina Riswara Koswara, SH
                                   ordered BSI to return funds amounting to Rp878,791,366 to the plaintiff.
                                                                                                                                                                    Case Summary:
                                   1. The Central Jakarta District Court ruled that the case could not be accepted on the
                                                                                                                                                                    This case concerns an opposition to an execution auction initiated by BSI. The plaintiff
                                      grounds that the ruling had already been submitted for execution at the Central
Settlement Status                                                                                                                                                   argues that she has an agreement with the Director of PT Lucky Sakti (Anton Mashary/
                                      Jakarta District Court, and thus, the plaintiff must await the execution.
                                                                                                                                                                    Defendant I) regarding the plaintiff’s asset that was used as collateral at BSI.
                                   2. The Jakarta High Court upheld the Central Jakarta District Court’s decision
                                                                                                                                                                    1. The Bandung District Court ruled that it lacked jurisdiction over the case. In response,
Impact on the Company’s            There is a risk of damages, but it is not material to BSI’s business operations
                                                                                                                                                                       the plaintiff filed an appeal.
Condition (Risk)                                                                                                                      Settlement Status
                                                                                                                                                                    2. The Bandung High Court affirmed the District Court’s decision, prompting the
                                   Material: Rp9,441,701,946                                                                                                           plaintiff to pursue a cassation appeal
Lawsuit Value
                                   Immaterial: Rp300,000,000,000
                                                                                                                                                                    There is potential liability for damages, but it is not material to BSI’s business operations.
                                                                                                                                      Impact on the Company’s
Imposed Sanction                   Liability for damages                                                                                                            In this case, BSI’s position is strong, having won at both the District Court and High
                                                                                                                                      Condition (Risk)
                                                                                                                                                                    Court levels.

                                                                                                                                                                    Material: Rp350,000,000,000
                                                                                                                                      Lawsuit Value
                                                                                                                                                                    Immaterial: Rp500,000,000,000

                                                                                                                                      Imposed Sanction              None




PT BANK MANDIRI (PERSERO) TBK                                  920                                                                                                                        921                                               ANNUAL REPORT 2024
Page 183
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SIGNIFICANT LITIGATION                                                                                                                                                                                          SIGNIFICANT LITIGATION




                                    10. PT Bank Syariah Indonesia Tbk.                                                                                     12. PT Bank Syariah Indonesia Tbk.
                                District Court Decision, with the following ruling:                                                                     Case Number:
                                1. Granted the objection of Defendant II;                                                                               601/Pdt.G/2024/PN.Jkt.Utr
                                2. Declared that the Bandung District Court does not have jurisdiction to examine
                                   and decide on this case;                                                                                             Parties:
                                3. Ordered the Plaintiff to pay court costs amounting to Rp805,000 (eight hundred                                       Plaintiff        : Ronald Suwandri
                                   and five thousand rupiah).                                                                                           Defendant        : BSI
                                                                                                                         Main Litigation or Lawsuit
                                                                                                                                                        Co-Defendant I : PT Jaya Makmur Hasta
Court Decision                                                                                                                                          Co-Defendant II : Paul Setiawan
                                High Court Decision, with the following ruling:
                                1. Accepted the appeal submitted by the Appellant’s Counsel, formerly the Plaintiff;                                    Co-Defendant III : North Jakarta Land Office
                                2. Affirmed the decision of the Bandung District Court No. 519/Pdt.G/2023/PN Bdg,
                                   dated May 30, 2024;                                                                                                  Case Summary:
                                3. Ordered the Appellant, formerly the Plaintiff, to pay court costs at both levels of                                  The lawsuit pertains to an objection against the auction of the plaintiff's assets
                                                                                                                                                        intended to settle obligations on behalf of PT Jaya Makmur Hasta.
                                   the judiciary, with the appeal level costs amounting to Rp150,000 (one hundred
                                   and fifty thousand rupiah).                                                           Settlement Status              The case is currently under examination at the North Jakarta District Court.

                                                                                                                                                        There is a potential risk of damages, but it is not material to BSI’s business
                                                                                                                         Impact on the Company’s
                                                                                                                                                        operations.
                                    11. PT Bank Syariah Indonesia Tbk.                                                   Condition (Risk)

                                Case Number:
                                                                                                                                                        Material damages: Rp10,000,000,000
                                655/Pdt.G/2024/PN.Tgr                                                                    Lawsuit Value
                                                                                                                                                        Immaterial damages: Rp30,000,000,000
                                Parties:                                                                                 Imposed Sanction               None
                                Plaintiff I   : Enung Zauhar Insiah
                                Plaintiff II  : Dessy Nur Fitriani                                                       Court Decision                 No court decision has been rendered yet (still in the evidentiary hearing stage).
                                Plaintiff III : Andri Taufik Ismail
                                Plaintiff IV  : Annisa Nurul Hasanah
Main Litigation or Lawsuit
                                Plaintiff V   : Syifa Noorlia Fatimah                                                    Litigation Involving the Board of Commissioners
                                Plaintiff VI  : Ghyna Ade Noor Maya
                                Defendant I : BSI KCP Tangerang Jatiuwung (formerly BSM)                                 and Board of Directors of Subsidiaries
                                Defendant II : Koperasi Sumber Insan Mandiri (KOPSIM)
                                Defendant III : Notary Siti Rohmah Caryana, SH                                           Throughout 2024, no current members of the Boards of Directors or Commissioners of Bank Mandiri’s
                                Defendant IV : Notary Lilek Zaenah, SH
                                                                                                                         subsidiaries were involved in any legal issues, whether civil or criminal.
                                Case Summary:
                                The plaintiffs oppose the auction conducted by BSI on collateral owned by                Disclosure of Administrative Sanctions from OJK to Subsidiaries
                                Koperasi Sumber Insan Mandiri (KOPSIM) and claim they never sold SHGB No. 222
                                land to KOPSIM (Defendant II).
                                                                                                                         In 2024, no material administrative sanctions were imposed by the OJK that could affect the business
Settlement Status               Currently, the case is still under examination at the Tangerang District Court.
                                                                                                                         continuity of the subsidiaries. Furthermore, no administrative sanctions were issued against members of
Impact on the Company’s         There is a potential risk of damages, but it is not material to BSI’s business           the Boards of Directors or Commissioners of the subsidiaries.
Condition (Risk)                operations.

                                Material damages: Rp20,700,000,000                                                       Significant Cases of Each Subsidiary and Sub-Subsidiary
Lawsuit Value
                                Immaterial damages: Rp10,000,000,000

Imposed Sanction                None                                                                                     From the aforementioned legal cases/issues, there are no significant legal cases/issues that impact the
                                                                                                                         Company’s operational activities. The details of cases that have been resolved/that have obtained
Court Decision                  No court decision has been rendered yet (still in the mediation process).
                                                                                                                         final and binding legal force in court are as follows:




PT BANK MANDIRI (PERSERO) TBK                            922                                                                                                                 923                                             ANNUAL REPORT 2024
Page 184
        CORPORATE GOVERNANCE




SIGNIFICANT LITIGATION                                                                                                                                     SIGNIFICANT LITIGATION




1. AXA Mandiri Financial Services                                                       6. PT Mandiri Utama Finance (MUF)

                                                                           Industrial                                                                                   Industrial
 No.                                  Litigation                   Civil                 No.                                   Litigation                  Civil
                                                                           Relations                                                                                    Relations
1.     Cases/Litigation under settlement process                     5         0        1.     Cases/Litigation under settlement process                    23              0

2.     Resolved Cases/Litigation (has had permanent legal force)    10         0        2.     Resolved Cases/Litigation (has had permanent legal force)    46              0


                                                                                        7. Mandiri Capital Indonesia
2. Mandiri Sekuritas
                                                                                                                                                                        Industrial
                                                                                        No.                                    Litigation                  Civil
                                                                           Industrial                                                                                   Relations
 No.                                  Litigation                   Civil
                                                                           Relations
                                                                                        1.     Cases/Litigation under settlement process                     0              0
1.     Cases/Litigation under settlement process                     0         0
                                                                                        2.     Resolved Cases/Litigation (has had permanent legal force)     0              0
2.     Resolved Cases/Litigation (has had permanent legal force)     0         0
                                                                                        8. Bank Syariah Indonesia

3. PT Mandiri Manajemen Investasi                                                                                                                                       Industrial
                                                                                         No.                                   Litigation                  Civil
                                                                                                                                                                        Relations
                                                                           Industrial   1.     Cases/Litigation under settlement process                   263              5
 No.                                  Litigation                   Civil
                                                                           Relations
                                                                                        2.     Resolved Cases/Litigation (has had permanent legal force)   148              0
1.     Cases/Litigation under settlement process                     0         0

2.     Resolved Cases/Litigation (has had permanent legal force)     0         0        9. Mandiri International Remittance

4. PT Mandiri Tunas Finance (MTF)                                                                                                                                       Industrial
                                                                                         No.                                   Litigation                  Civil
                                                                                                                                                                        Relations
                                                                           Industrial   1.     Cases/Litigation under settlement process                     0              0
 No.                                  Litigation                   Civil
                                                                           Relations
                                                                                        2.     Resolved Cases/Litigation (has had permanent legal force)     0              0
1.     Cases/Litigation under settlement process                    24         0

2.     Resolved Cases/Litigation (has had permanent legal force)    38         1
                                                                                        10. Bank Mandiri Europe Ltd.
5. Bank Mandiri Taspen
                                                                                                                                                                        Industrial
                                                                                         No.                                   Litigation                   Civil
                                                                           Industrial                                                                                   Relations
 No.                                  Litigation                   Civil
                                                                           Relations
                                                                                        1.     Cases/Litigation under settlement process                         0           0
1.     Cases/Litigation under settlement process                    0          0
                                                                                        2.     Resolved Cases/Litigation (has had permanent legal force)         0           0
2.     Resolved Cases/Litigation (has had permanent legal force)    5          0




PT BANK MANDIRI (PERSERO) TBK                            924                                                                                  925                    ANNUAL REPORT 2024
Page 185
        CORPORATE GOVERNANCE




INFORMATION ACCESS AND                                                                                                                                 CODE OF CONDUCT
CORPORATE DATA



Bank Mandiri upholds the principle of transparency by ensuring
                                                                                                            Bank Mandiri has established a Code of Conduct that outlines
shareholders and all stakeholders have access to timely and
                                                                                                            the fundamental principles of personal and professional behavior
adequate information. Throughout 2024, the Bank provided
                                                                                                            to guide the Company’s activities. The Code of Conduct
essential information and company data requiring public
                                                                                                            applies to all employees, both contractual and permanent,
dissemination via various channels, including its corporate
                                                                                                            as well as the Board of Commissioners and Board of Directors.
website (available in Indonesian and English). External access to
                                                                                                            The implementation of the Code of Conduct aims to promote
corporate information and data is facilitated through multiple
                                                                                                            professional, responsible, reasonable, ethical, and trustworthy
mediums such as the Bank’s official website, print media, internal
                                                                                                            conduct in all business interactions.
communication forums, and other electronic media.




The public can transparently access financial and non-financial reports submitted by Bank Mandiri through   The Company leverages the Code of Conduct as a guidance for instilling its core values and fostering
diverse channels, including mass media, the company website, public exposés, IDX Issuer Electronic          a strong corporate culture. This commitment enhances the integrity of its personnel while supporting
Reporting Facilities, the OJK Electronic Reporting System, and the Ministry of SOEs Portal. These reports   the principles of good corporate governance.
are made available promptly, comprehensively, and accurately, reflecting Bank Mandiri’s commitment
to effective information disclosure.
                                                                                                            The Code of Conduct reflects Bank Mandiri’s dedication to maintaining high standards of business and
                                                                                                            work ethics. It serves as a commitment to various stakeholders to uphold ethical practices across all
                                                                                                            aspects of the Bank’s operations. The Code of Conduct applies to all personnel, including members of
                                                                                                            the Board of Commissioners, Board of Directors, employees, and any individuals or institutions associated
                                                                                                            with the Bank’s business activities. It governs not only business and work ethics but also the daily behavior
  Corporate Secretary               Website                            Call
                                                                                                            of individuals within the organization in carrying out daily duties and official tasks, as well as in conducting
  Muhammad Ashidiq Iswara           www.bankmandiri.co.id              1400 (021) 5299 7777                 business relations with clients, partners, and colleagues.
  Plaza Mandiri Lt. 3
  Jl. Jenderal Gatot Subroto Kav.
  36-38                                                                                                     The Code of Conduct guidelines are implemented to ensure that any violations of the code of conduct
  Jakarta 12190 Indonesia
  Tel : 021 524 5299                                                                                        by all members of the Bank’s management can be quickly detected and to prevent the development
  Website : www.bankmandiri.co.id
  Email : corporate.secretary@
                                                                                                            of inappropriate relationships with clients or among Bank officials.
  bankmandiri.co.id

                                                                                                            Work ethics provide a detailed framework of the personal and professional behaviors expected from all
                                                                                                            Bank Mandiri personnel, emphasizing integrity and respect. Business ethics, on the other hand, encompass
                                                                                                            moral principles guiding individual conduct, the protection of the Bank’s assets, and business interactions
  Head Office Address               Contact Address                                                         with stakeholders. Together, these ethics establish standardized behaviors that must be upheld at every
                                                                                                            level of the organization to ensure consistent adherence to the Bank’s values, vision, and mission.
  Plaza Mandiri                     Contact Care
  Jl. Jenderal Gatot Subroto Kav.   Email : mandiricare@bankmandiri.
  36-38
  Jakarta 12190 Indonesia
                                    co.id
                                                                                                            Code of Conduct Basic Principles
  INDONESIA                         Media Social
  Tel : 62-21 5265045               facebook: https://id/facebook.
  Fax : 62-21 5274477, 527557       com/officialbankmandiri/                                                The main points of Bank Mandiri’s code of ethics contain arrangements for work ethics and business
                                    twitter: @bankmandiri                                                   ethics. The work ethic that regulates Bank Mandiri personnel’s behaviors covers the following aspects:
                                    Instagram: @bankmandiri



PT BANK MANDIRI (PERSERO) TBK                                    926                                                                                            927                                      ANNUAL REPORT 2024
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CODE OF CONDUCT                                                                                                                                                                                                                     CODE OF CONDUCT




                            A conflict of interest is a condition where Bank personnel, in carrying out their duties and                                   Abuse of position and gratuities constitute actions contrary to laws and regulations, including
                            responsibilities, have interests outside their official duties, whether related to personal, family,                           but not limited to using authority for personal, family, or other related parties' interests, as well
                            or other parties' interests, which may lead to a loss of objectivity in decision-making and policy                             as soliciting or accepting gratuities (gifts or rewards) in any form, either directly or indirectly.
                            implementation. Therefore, all Bank personnel:                                                                                 Therefore, all Bank personnel:
                            1. Must avoid activities that may lead to conflicts of interest. If such situations are unavoidable,                           1. Are prohibited from engaging in unlawful acts, including but not limited to abusing authority
                               they must report them to their immediate superior.                                                                             and deriving benefits, directly or indirectly, from knowledge gained through the Bank’s
                            2. Are prohibited from approving and/or requesting approval for credit facilities, special                                        business activities for personal, family, or other parties' gain, whether or not it harms the Bank.
                               interest rates, or other privileges for themselves, their families, companies in which they or                              2. Are prohibited from soliciting, accepting, permitting, or agreeing to receive gratuities
                               their families have interests, and other parties related to them.                                                              (gifts or rewards) from other parties/third parties related to their position and contrary to
 1   Conflict of interest   3. Are prohibited from working for other companies, whether as a director, employee,                                              their duties under applicable laws and regulations. This includes soliciting or accepting,
                               consultant, or member of the board of commissioners, unless assigned or granted written                                        permitting, or agreeing to receive gifts or rewards from third parties who have obtained
                               permission by the Bank’s Board of Directors.                                                                                   or are seeking to obtain:
                            4. Are prohibited from becoming the Bank’s partners, either directly or indirectly.                                               a. Facilities from the Bank, such as credit facilities (cash loan and/or non-cash loan), or for
                            5. Are prohibited from using the Bank’s assets for personal, family, or other external parties’                                        the purchase or discounting of drafts, promissory notes, checks, and other commercial
                               interests.                                                                                                                          papers or obligations, or other facilities related to the Bank's operational activities.
                            6. In conducting securities transactions, foreign exchange trading, precious metals, derivative                                   b. Work related to the procurement of goods or services from the Bank. (Types of gratuities
                                                                                                                                      Misuse of Position
                               transactions, and other goods for personal interests, such transactions are only allowed if         3 and Grafitication             and reporting mechanisms are regulated separately.)
                               there is no conflict of interest, violation of insider trading regulations by the Capital Market                            3. Are prohibited from accepting gifts of any kind during religious holidays from customers,
                               Authority, or other applicable regulations.                                                                                    partners, or other parties that may create potential conflicts of interest.
                                                                                                                                                           4. In cases where customers, partners, or other parties provide gifts in the form of items or other
                            Confidentiality refers to all information or data that must be kept confidential in accordance                                    means on special occasions, such as weddings, bereavements, etc., if:
                            with applicable laws and regulations as well as the Bank's internal policies. Therefore, all Bank                                 a. Accepting such gifts is believed to have negative impacts and influences the Bank's
                            personnel:                                                                                                                             decisions, and
                            1. Must understand and maintain the confidentiality of all information, whether related to                                        b. The value of the gift is deemed unreasonable, Bank employees receiving such gifts must
                               customers or other matters, ensuring its use is solely for the Bank's interests in compliance                                       immediately return them with a polite explanation.
                               with applicable regulations.                                                                                                5. If, for any reason, returning gifts as mentioned above is difficult, Bank employees who receive
                            2. Are prohibited from using or disclosing information to external parties regarding:                                             such gratuities must report it to their superior for further action per applicable regulations.
                               a. Customer information or data, as well as other data required to be kept confidential                                     6. If customers, partners, or other parties provide promotional items, as long as accepting
                                  under applicable laws and regulations.                                                                                      such promotional items is believed not to have a negative impact or influence the Bank's
     Confidentiality of
 2 Information                 b. The Bank's activities with the Government of the Republic of Indonesia.                                                     decisions, employees may accept the promotional items.
                               c. The Bank's internal policies and work procedures.                                                                        7. In the procurement of goods and services from third parties for the Bank's official needs, Bank
                               d. Information Systems Management, Data, and Reports.                                                                          personnel must strive to obtain the best price. Any discounts obtained must benefit the Bank.
                               e. Employee data, whether active or inactive.
                                                                                                                                                           8. Are prohibited from using their position to borrow or incur debt from customers.
                               f. The Bank's business activities, including those with customers and partners, unless approved
                                  by authorized Bank officials or mandated by applicable laws.
                            To prevent misuse, the dissemination of customer information within the Bank's internal
                            environment must be carried out cautiously and only with relevant parties.
                            The obligation to safeguard specific confidential matters remains binding on former Bank
                            employees.




PT BANK MANDIRI (PERSERO) TBK                                 928                                                                                                                          929                                             ANNUAL REPORT 2024
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CODE OF CONDUCT                                                                                                                                                                                                                   CODE OF CONDUCT




                          Insider Conduct refers to actions by Bank employees who exploit information regarding the              Business ethics are moral principles related to Individual Behaviour, Protection of Bank Property, and the
                          Bank's financial condition, planned activities, and/or other material information that has not         Conduct of Banking Business, serving as the foundation for the behaviour of the Bank’s management
                          been made public, which is reasonably suspected to influence the decisions of investors or
                          shareholders (insider information) for the purpose of trading stocks or other securities (such as      in carrying out business activities, which consist of:
                          bonds or stock options). Therefore, all Bank personnel:
                          1. If possessing insider information, are prohibited from using such information for personal
                              gain, for their family, or for third parties by:                                                                           1. Personal Integrity
                              a. Influencing customers, individuals, or institutions to conduct transactions with the Bank.                                 Every member of the Bank:
 4 Insider Conduct            b. Disseminating confidential information to customers, individuals, or institutions.                                         a. Upholds moral values, maintains self-respect, and demonstrates strong discipline.
                                                                                                                                                            b. Preserves personal integrity in accordance with applicable rules, regulations, policies,
                          2. Are prohibited from using insider information to buy or trade securities unless the information
                                                                                                                                                               and systems.
                              has been made widely available to the public.
                                                                                                                                                            c. Commits to maintaining the Bank's image and reputation.
                          3. Are prohibited from abusing their position to gain direct or indirect benefits for themselves,
                                                                                                                                                            d. Acts and behaves in alignment with a pure conscience.
                              their family members, or other parties, and/or influencing decision-making processes related
                                                                                                                                                            e. Conducts themselves honorably and responsibly, remaining free from influences that
                              to themselves.                                                                                                                   could compromise objectivity in performing duties or cause the Bank to lose business
                          4. In making decisions to sell or purchase the Bank’s assets and other services, must prioritize          Individual
                                                                                                                                 1 Conduct                     or its reputation.
                              the Bank's interests without being influenced by Insiders.                                                                    f. Avoids activities that may lead to conflicts of interest.
                                                                                                                                                            g. Refrains from actions that could weaken or undermine the integrity of Indonesia's banking
                          The integrity and accuracy of Bank data refer to a condition where all data/documents/
                                                                                                                                                               system.
                          transaction records of the Bank must be presented correctly and accurately and must be
                                                                                                                                                         2. Discriminatory Treatment/Actions
                          accountable. Therefore, all Bank personnel:
                                                                                                                                                            Every member of the Bank:
                          1. Are prohibited from recording and/or altering and/or deleting records with the intent to
    Bank Data Integrity                                                                                                                                     a. Respects human rights.
 5 and Accuracy              obscure transactions/information.
                                                                                                                                                            b. Prevents all forms of discriminatory practices.
                          2. Are prohibited from manipulating documents.
                                                                                                                                                         3. Harassment
                                                                                                                                                            Every member of the Bank is required to avoid any actions that violate public order and morality.
                          Corrections to data, including modifications or deletions, are only permitted based on the
                          authorization of an authorized officer in accordance with procedures established by the Bank.                                  1. Bank Assets
                                                                                                                                                            Every member of the Bank:
                          The integrity of the banking system is a condition where all levels of the Bank uphold the integrity
                                                                                                                                                            a. Maintains and protects all Bank assets, both tangible and intangible.
                          of the banking system by being vigilant, self-aware, and avoiding the involvement of the Bank
                                                                                                                                                            b. Uses Bank assets solely for activities related to the Bank's interests.
    Banking System        in criminal activities in the financial and banking sectors. Therefore, all Bank employees:
 6 Integrity              1. Must be alert to unusual and suspicious transactions.
                                                                                                                                                            c. Utilizes Bank assets responsibly, ensuring they are used appropriately for their intended
                                                                                                                                                               purposes.
                          2. Must take preventive measures to detect accounts suspected of being used for money                                          2. Confidential Information Protection
                              laundering, terrorism financing, corruption, and other criminal activities.                                                   a. Every member of the Bank:
                                                                                                                                    Protection of Bank
                          In conducting its business and operations, the Bank ensures alignment between economic,                2 Assets                   b. Protects valuable and confidential information from loss, misuse, disclosure, and theft.
                                                                                                                                                            c. Does not disseminate reports or information about the Bank that is confidential in nature.
                          social, and environmental aspects, which are crucial factors in achieving corporate progress and
                          sustainability. This creates a condition where the Bank not only excels in financial performance                               3. Bank Intellectual Property
                          (profit) but is also recognized as an entity that contributes to societal well-being (people) and                                 Every Bank employee:
                          environmental preservation (planet).                                                                                              a. Safeguards the Bank's intellectual property.
                          Therefore, all Bank employees:                                                                                                    b. Dedicates their competencies for the Bank's benefit as part of its intellectual property.
    Sustainable                                                                                                                                          4. Recording and Reporting
 7 Finance                1. Serve a role in contributing to sustainable development, environmental conservation, and
                                                                                                                                                            Every Bank employee is responsible for the accuracy and completeness of records and
                              societal well-being.
                                                                                                                                                            reports presented.
                          2. Are required to consider the potential negative impacts on economic, social, and
                              environmental conditions arising from any policy enacted.
                          3. Must assess and account for social and environmental risks in every decision-making process.
                          4. Are prohibited from engaging in partnerships or business relations with parties that have
                              the potential to harm the environment.




PT BANK MANDIRI (PERSERO) TBK                               930                                                                                                                           931                                            ANNUAL REPORT 2024
Page 188
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CODE OF CONDUCT                                                                                                                                                                                                     CODE OF CONDUCT




                         1. Misrepresentation                                                                                In order to implement RWP principles, all levels of           to feel intimidated, humiliated, offended,
                            Every member of the Bank representing the Bank:                                                  the Bank must respect equality and differences                demeaned, or embarrassed. Such behavior
                            a. Acts in accordance with their duties, responsibilities, and authority when interacting with
                                third parties.                                                                               (prohibited from behaving/discriminating), and                results in difficulty performing tasks or creates
                            b. Provides accurate information, documents, and reports in compliance with applicable           avoid disrespectful behavior, including but not               a perception of working in a non-conducive
                                regulations.                                                                                 limited to behavior that will offend, intimidate,             corporate environment, potentially posing risks
                            c. Avoids actions that may cause misunderstandings by others.
                         2. Relationships with Business Partners                                                             humiliate others, and/or various forms of                     to security, health, and safety.
                            a. Every member of the Bank, when interacting with business partners:                            harassment, bullying and other forms of violence
                            b. Prioritizes the Bank's interests.                                                             that have the potential to degrade human value             The Head of Work Unit has the role, duty, and
                            c. Prevents corruption, collusion, nepotism, and negative perceptions of the Bank.
                            d. Adheres to principles of professionalism and fairness, grounded in good faith.                and dignity.                                               responsibility to realize and maintain a harmonious,
    Bank Business        3. Behavior in Competition (We Compete Fairly)                                                                                                                 inclusive, conducive and productive work
 3 Operations               Every member of the Bank is responsible for fostering and maintaining healthy competition        All members of the Bank are prohibited from                environment in their respective work units
                            in conducting business.
                                                                                                                             engaging in the following actions, including but
                         4. Relationships with Other Organizations
                            Every member of the Bank:                                                                        not limited to:                                            Environment, health and safety
                            a. Engages in business contacts with other organizations, including competitors, based on        1. Discriminatory Actions/Behavior: Engaging
                                mutually beneficial principles, particularly for the Bank.
                                                                                                                                 in any acts of distinction, marginalization,           Bank Mandiri is committed to fostering a
                            b. Avoids any improper collaborations or alliances with other parties.
                         5. Obtaining and Using Third-Party Information**                                                        restriction, and/or exclusion, whether directly        sustainable, safe, and inclusive environment.
                            Every Bank employee avoids improper methods of obtaining confidential information from               or indirectly, based on religion, ethnicity, race,     Our principles guide responsible operations while
                            third parties or competitors.                                                                        ethnic group, affiliation, social group, social        safeguarding employee well-being and promoting
                         6. Relationships with Regulators
                            Every Bank employee upholds ethical principles and adheres to applicable regulations in              status (including marital and economic status),        environmental stewardship.
                            fostering relationships with regulators.                                                             gender, language, political preference, or
                                                                                                                                 disability, which have the effect or purpose           1. Committed to environmental responsibility by
                                                                                                                                 of reducing or eliminating the recognition,               embedding ESG standards, supporting green
Fair Competition                                                Promoting Equality and Preventing                                exercise, or enjoyment of human rights and                technologies, setting Net Zero Emission targets,
Bank Mandiri is committed to upholding Fair                     Discrimination in the Workplace                                  fundamental freedoms. Such actions result in              and prioritizing sustainable financing with robust
Competition in all business activities.                                                                                          unequal opportunities or differential treatment           frameworks like Environmental and Social Risk
1. We do not agree or cooperate with                            Respectful Workplace Policy (RWP) is a policy                    of individuals or groups in company activities            Management (ESRM).
   competitors, suppliers, or customers in ways                 on a safe work environment, respecting and                       and social interactions within the workplace.          2. Promoting health and well-being by providing
   that could restrict competition or distort the               protecting human value and dignity, promoting                2. Acts/Behaviors of Violence: Engaging in                    comprehensive health insurance, social
   market.                                                      mutual respect, free from discrimination, exclusion              any actions, deeds, or behaviors, including               security, and post-retirement support, ensuring
2. We do not supply, obtain, or exchange                        or restrictions, bullying and harassment, as well as             threats or gestures indicating intent to act,             equal access to care, fostering a safe and
   information that could limit competition or                  various other forms of violence both mental and                  coercion, or arbitrary deprivation against                inclusive workplace, and enhancing wellness
   create unfair advantages.                                    physical for all levels of the Bank including parties            others in the workplace, whether occurring                through on-site facilities, trusted providers, and
3. We do not abuse a dominant position in the                   related to the Bank.                                             publicly or privately, that may cause physical,           proactive programs.
   market to eliminate competitors or manipulate                                                                                 psychological, sexual, or economic harm,               3. Ensuring safety and business continuity by
   market conditions unfairly.                                  RWP is structured to create a harmonious, inclusive,             damage, or suffering.                                     proactively managing risks, conducting regular
                                                                conducive and productive work environment so                 3. Acts/Behaviors of Harassment: Engaging in any              training and simulations, implementing robust
                                                                as to foster the Bank’s business sustainability and              attitudes, words, actions, deeds, behaviors, or           response strategies, and maintaining a secure
                                                                uphold Human Rights.                                             gestures, whether in the workplace or through             environment through stringent safety protocols
                                                                                                                                 various communication media, that violate                 and preparedness plans.
                                                                                                                                 laws or human rights regulations. These actions
                                                                                                                                 are intended to intimidate and negatively
                                                                                                                                 impact physical, psychological/mental, sexual,
                                                                                                                                 or economic aspects, causing individuals




PT BANK MANDIRI (PERSERO) TBK                               932                                                                                                                   933                                     ANNUAL REPORT 2024
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CODE OF CONDUCT                                                                                                                                                                                            CODE OF CONDUCT




Environmental Responsibility                                Compliance to Code of Conduct                           Code of Conduct Implementation                                out by all Board of Commissioners, Directors,
                                                                                                                    and Enforcement                                               and Executives of Bank Mandiri in an effort to
1. Embedding Environmental, Social, and                     Bank Mandiri enforces a robust Code of Conduct                                                                        implement gratuity control. All Bank Mandiri
   Governance (ESG) standards into operations to            that establishes fundamental principles for             Bank Mandiri ensures the effective implementation             employees also sign the Integrity Pact for the
   minimize environmental impacts and promote               personal and professional behavior across the           and enforcement of its Code of Conduct                        application of gratuities every 1 (one) year.
   sustainability.                                          organization. The Code of Conduct applies               by providing employees with a transparent
2. Supporting green technologies and setting                uniformly to all employees, including contractual       mechanism to report alleged violations. Employees          5. Awareness Program
   targets for Net Zero Emissions.                          and permanent staff, as well as members of the          can submit reports through a whistleblowing                   New Bank Mandiri employees will get the Bank
3. Prioritizing financing for environmentally               Board of Commissioners and Board of Directors.          system known as the Letter to CEO (LTC). Proven               Mandiri Code of Conduct induction program
   responsible projects and implementing                                                                            violations of the Code of Conduct are subject                 called the jump start program, as well as
   frameworks like ESRM to mitigate risks.                  Compliance with the Code of Conduct is essential        to appropriate sanctions, in line with applicable             continuous and consistent policy socialization.
                                                            to fostering a culture of integrity, professionalism,   regulations.
Health and Well-being                                       accountability, and trustworthiness. It ensures that                                                               Types of Sanctions for Code
                                                            all employees adhere to ethical standards in their      Efforts to uphold and reinforce compliance with            of Conduct Violations
1. Providing equitable health insurance, social             interactions, both internally with colleagues and       the Code of Conduct are carried out with a strong
   security, and life protection for employees and          externally with business partners. By upholding         sense of commitment and responsibility. These              Sanctions for violations of the Code of Conduct at
   their families, including post-retirement support.       the Code of Conduct, Bank Mandiri aims to               efforts include the following:                             Bank Mandiri are classified into three categories:
2. Ensuring equal access to health services while           maintain consistent, responsible, and fair practices                                                               minor, moderate, and severe. Each violation
   fostering a safe, respectful, and discrimination-        throughout its operations, strengthening the            1. Statement of Compliance with the Bank Mandiri           is addressed in accordance with the Bank’s
   free work environment.                                   foundation of good corporate governance.                   Code of Conduct                                         Employee Discipline Regulations, ensuring that
3. Offering on-site health facilities, trusted provider                                                                Bank Mandiri Personnel are required to read,            the response is proportionate to the severity of
   partnerships, and proactive wellness programs            Dissemination of the                                       understand well and are required to sign a              the offense. In addition, violations that fall under
   to enhance employee well-being.                          Code of Conduct                                            “Statement of Compliance with the Bank to               the criminal law are subject to legal sanctions as
4. Supporting employees throughout their careers                                                                       the Code of Conduct”.                                   stipulated in prevailing laws and regulations.
   and beyond through retirement benefits and               The code of conduct has been communicated
   continued care initiatives.                              and socialized to the Board of Commissioners            2. Commitment of Management and Entire Bank                Reporting/Complaint of Code of Ethics Violations
                                                            and its supporting elements, Directors, executives         Mandiri Employees                                       Bank Mandiri provides an integrated reporting
Safety Practices                                            one level below the Board of Directors and all             Management’s commitment and entire                      mechanism involving an independent third party
1. Proactively identifying and managing risks               employees, including through:                              employees of Bank Mandiri to not receive                to follow up on reports to the CEO, including those
   to safeguard employees, customers, and                   1. Company Website.                                        money and/or items of gratuity and/or gifts             related to violations of the Code of Ethics. Any
   operations.                                              2. Email administrator delivered to all employees          related to their obligations or duties are              party who sees, hears, knows, or experiences
2. Ensuring readiness through structured plans,                of the Company.                                         published through the mass media and the                actions that violate the Code of Ethics can report
   regular training, and simulations.                       3. At the time of the signing of the collective labor      Company’s website.                                      such violations through the Whistleblowing System -
3. Coordinating swift and reliable responses to                agreement carried out between the union of                                                                      Letter to CEO (WBS-LTC) via the following channels:
   maintain safety and operational continuity.                 the Company and the management of the                3. Annual Disclosure of Conflict of Interest
4. Implementing systems and strategies to sustain              Company.                                                Bank Mandiri personnel are required to make             1. Website:
   business operations during disruptions.                  4. Standing banners, flyers and other advertising          annual disclosures related to conflicts of interest        • https://whistleblowing.tips/wbs/@bmri-
5. Upholding a secure and supportive environment               media in the Company’s office area.                     each year, and each work unit is required to                  lettertoceo
   through consistent maintenance, inspection,                                                                         submit a transaction/decision report containing            • https://www.bankmandiri.co.id/web/
   and adherence to safety protocols.                       In addition, the code of conduct can also be               a conflict of interest every quarter.                         gcg/whistleblowing
                                                            accessed at any time by all employees of Bank                                                                      2. E-mail: bmri-lettertoceo@rsm.id
                                                            Mandiri through the Bank Mandiri portal called the      4. Integrity Pact                                          3. SMS / WA: 0811-900 7777
                                                            Knowledge Management System (KMS).                         The integrity pact is signed by executives with         4. Mailbox : PO BOX 1007 JKS 12007
                                                                                                                       authority and all partners/vendors of Bank
                                                                                                                       Mandiri who are involved in the process of
                                                                                                                       lending, procurement of goods and services,
                                                                                                                       and accreditation of partners. In addition, the
                                                                                                                       signing of the Annual Integrity Pact is carried



PT BANK MANDIRI (PERSERO) TBK                             934                                                                                                            935                                    ANNUAL REPORT 2024
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CODE OF CONDUCT
                                                                                                                         ANTI-CORRUPTION PROGRAM


Each report received will be handled by an independent consultant who will analyze the report and
request further details from the whistleblower before forwarding it to the Bank. The Bank will then follow   Bank Mandiri is committed to fostering a culture of anti-
up on the complaint in accordance with applicable regulations.
                                                                                                             corruption and anti-bribery throughout the organization. This
Types of Sanctions for Code of Conduct Violation                                                             commitment is realized by embedding corporate core values
                                                                                                             and implementing robust regulations and policies aimed at
         Types of Violations                                       Sanctions                                 preventing corruption. These include internal control policies,
Minor Sanctions
                                  • First Written Admonition                                                 Employee Discipline Regulations, the Code of Conduct, and
                                  • Second Written Admonition                                                Business Ethics. The Bank also integrates anti-corruption efforts
Moderate Sanctions                                                                                           into its corporate culture by instilling integrity as a core value
                                  • First Written Warning
                                  • Second Written Warning                                                   across all levels of the organization, ensuring that ethical
Severe Sanctions                                                                                             behavior is consistently practiced and reinforced.
                                  • Firm and Final Written Warning
                                  • Termination/Dismissal of Employment

                                                                                                             The actions taken by Bank Mandiri to address issues           As part of the fight against corruption, on 4
Total Violations of Code of Conduct                                                                          of corruption practices, specifically in the Code of          November 2014, Bank Mandiri signed a joint
In 2024, a total 1,043 violations of the code of conduct was recorded with the following details:            Conduct, have been regulated as follows:                      commitment with the Corruption Eradication
                                                                                                             1. Comply with external and internal regulations              Commission (KPK) regarding the Integrated
                                                                                                             2. Prohibit all levels of the Bank from requesting or         Prevention Commitment.
                    Types of Sanctions                     2024           2023      2022         2021
                                                                                                                 receiving, agreeing to receive a gift or reward
First Written Admonition                                    206           155        134          112            from a third party that obtains or seeks to obtain        As an implementation of the commitment, Bank
Second Written Admonition                                    85            54         62          26             facilities from the Company in the form of a              Mandiri has done the following:
                                                                                                                 “cash loan and non-cash loan” facility, or in             1. Established a gratuity Control Unit which is
First Written Warning                                       128            55         69          47
                                                                                                                 order to purchase or discount letters notes,                 part of the Compliance unit as coordinator
Second Written Warning                                       89            10         19          29             promissory notes, checks and trade papers or                 of gratuity control at Bank Mandiri.
                                                                                                                 other proof of liability, or other facilities related     2. Issued provisions regarding the gratuity control
Firm and Final Written Warning                               23            10         11          14
                                                                                                                 to the Bank’s operations and those related to                program within the Bank Mandiri, which
Termination of Employment                                   512            42         41          50             the procurement of goods and services from                   every year or according to the needs of the
Total                                                      1.043          326        336          278            the Bank.                                                    Company are continually refined in line with
                                                                                                             3. Prohibition to all levels of the Bank in misusing             the development of the Company and/or
                                                                                                                 their authority and taking advantage both                    fulfilment of the laws and regulations and lastly
The number of violations of the code of ethics based on the categories of sanctions provided are as              directly and indirectly from the knowledge                   as refined in 2024.
follows:                                                                                                         obtained from the Company’s business                      3. Conduct dissemination of the gratuity control
                                                                                                                 activities to:                                               program to all levels of Bank Mandiri and the
                    Types of Sanctions                     2024          2023       2022         2021            a. Personal advantage                                        Bank’s stakeholders.
                                                                                                                 b. Benefits for family members
Minor                                                       291           209        196          138
                                                                                                                 c. Benefits for other parties
Moderate                                                    217            65         88          76         4. A prohibition for all Bank personnel from
                                                                                                                 providing gratuities related to their position
Severe                                                      535            52         52          64
                                                                                                                 and contrary to their obligations or duties to
Total                                                      1,043          326        336          278            Civil Servants or State Officials.
                                                                                                             5. Imposition of sanctions ranging from mild to
                                                                                                                 severe for violators of this prohibition.




PT BANK MANDIRI (PERSERO) TBK                       936                                                                                                              937                                    ANNUAL REPORT 2024
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GRATIFICATION POLICY                                                                                                                                                                          GRATIFICATION POLICY




                                                                                                              Gratification Control Management

                                                                                                              The Organization Structure of Gratification Control Unit (UPG) is managed by the Compliance Unit,
                                                                                                              namely the Compliance & AML-CFT Group. The UPG is established according to the Board of Directors
Bank Mandiri recognizes the importance of controlling                                                         Decree No. KEP.DIR/64/2021 dated 8 December 2021, and renewed by the Board of Directors Decree
                                                                                                              No. KEP.DIR/64/2021 dated 8 December 2021. The UPG functions to control gratuities within Bank Mandiri,
gratification to ensure the company’s operations adhere                                                       which in carrying out their duties are assisted Regional Business Control (RBC) – Anti Money. Laundering
to business principles that uphold the value of integrity. This                                               Officer (AMLO).
control mechanism is a crucial part of embedding the values
of Good Governance within the Bank for all employees, driving                                                 Gratification Reporting Mechanism
behavior based on ethics and responsibility in daily interactions
with customers, vendors, partners, and other stakeholders. In                                                 Bank Mandiri has a gratification reporting mechanism that is adjusted to the KPK reporting mechanism,
                                                                                                              with the following charts:
addition, this mechanism safeguards the organization from
actions that violate the principles of gratification prohibition                                                         1a
while strengthening ethical and sustainable business practices.                                                          Report submitted directly to KPK through GOL KPK (copy to UPG)




                                                                                                                                                                                                              4
Bank Mandiri has established an Operating               5. Commitment to fulfil the requirements of Anti-
Technical Guideline for Gratification Control that         Bribery Management System;                                                                                                 3
stipulates the prohibition on receiving gratuities      6. Promote the improvement of anti-bribery                                 1b                                                 Review & Verification
                                                                                                                                   Login/Submit
for all employees. The Bank remains committed              awareness to related stakeholders;
to continuously enhancing the effectiveness of          7. Carry out sustainable improvement principles
                                                                                                                                   Status Check
its gratification control measures, ensuring they          in the Anti-Bribery Management System;
align with evolving standards and best practices        8. Provide responsibility, authority, and                                                                                                                 UPG
                                                                                                                 Reporter
for the Bank’s good governance.                            independency to Anti-Bribery Compliance
                                                           Functions;
Anti-Bribery Management System                          9. Sanctions to the violators of the rules in the                      2
                                                           Anti-Bribery Management System.                                     Email Notification
To continuously foster Gratification Control                                                                                                                                   5
program, specifically on anti-bribery that in line      Bank Mandiri has received ISO 37001:2016                                                                               Upload Gratification Determination Letter
                                                                                                                               6
with the ISO 37001:2016 Standard of Anti-Bribery        Certificate of Anti-Bribery Management System for                      Gratification Determination Letter
Management System, Bank Mandiri has stipulated          the scope of Procurement & Vendor Management
the following matters:                                  since 10 August 2020 and addition of Internal Audit
                                                        Process scope, thereby it changed to become
1. Prohibits bribery practices and its kinds in the     Procurement, Vendor Management and Internal           Socialization of Gratification Policy
   company’s environment;                               Audit Process since 20 September 2022. The
2. Compliance with laws and regulations and             updated ISO 37001:2016 Anti-Bribery Management        Socialization related to gratification control was carried out continuously to all levels of organization to
   other prevailing rules related to anti-bribery;      System certificate with the scope of Procurement,     increase awareness where in its implementation the UPG coordinated with RBC-AMLO. The socialization
3. Align the anti-bribery policies with the             Vendor Management and Internal Audit Process          is carried out directly to the Working Units at Head Office, Regional Offices, Branch Offices and through
   company’s objectives;                                was obtained on 13 October 2023.                      regular ODP/SDP/BBMC.
4. Corporate governance that fosters the
   achievement of anti-bribery goals;                                                                         Throughout 2024, Bank Mandiri conducted socialization sessions for employees, third parties (via vendor
                                                                                                              meetings), and received benchmarking visits from other companies in person.




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GRATIFICATION POLICY
                                                                                                                                                                          INTERNAL FRAUD

Other media used in disseminating gratification         Gratification Reports In 2024
control policies are:
1. Installation of Gratification Control Posters on     Bank Mandiri employees who accept/reject
   email blasts, screen savers, home pages of           gratuities must report their receipt/rejection directly
   internal websites of Bank Mandiri employees,         to the KPK through the GOL application (Online            Bank Mandiri is committed to upholding the highest standards
   Mandiri Magazine, display of gratification           Gratification) with the http://gol.kpk.go.id address
   control videos in the elevators of Bank              or UPG through the Mandiri Online Gratification
                                                                                                                  of integrity and accountability by implementing a robust Anti-
   Mandiri office buildings, as well as displays of     application (GO Mandiri) with the web address of          Fraud Strategy. Built on the pillars of prevention; detection;
   gratification items on the display cabinet of        https://ipa.corp.bankmandiri.co.id/GOMandiri/.            investigation, reporting, sanctions and legal processes; and
   gratuities in the south lobby of Plaza Mandiri.
                                                                                                                  monitoring, evaluation and follow-up, this strategy serves as
2. Invite all Bank Mandiri customers/vendors            Throughout 2024, the Gratification Control Unit
   not to provide gratuities related to religious       (UPG) received a total of 80 reports on the receipt/      a cornerstone of the Bank’s fraud control system. Anti-Fraud
   celebrations through the media of national           rejection of gratuities. The reported gratuities          Strategy is part of Bank Mandiri’s fraud control system in order to
   newspapers and Bank Mandiri’s social media           included bribes, food/beverages, honorariums
                                                                                                                  reduce the potential for fraud.
   (Bank Mandiri’s Instagram Story, Twitter, and        related to official duties, as well as goods and/or
   Facebook), as well as Memorandums and                official facilities.
   Letters to the Board of Commissioners, Directors
   and Employees of Bank Mandiri at the Head
   Office and Regionals and Subsidiaries.

                                                                                                                  Anti-Fraud Strategy Implementation                        a. Anti-Fraud Awareness, such as socializing
                                                                                                                                                                               the Anti-Fraud Statement, Employee
                                                                                                                  Bank Mandiri has implemented its Anti-Fraud                  Awareness Program, and Customer
                                                                                                                  Strategy in accordance with OJK Regulation No.               Awareness Program. Employees are trained,
                                                                                                                  12 of 2024 concerning the Implementation of Anti-            socialized, and made aware of fraud
                                                                                                                  Fraud Strategies for Financial Services Institutions.        awareness through internal media channels
                                                                                                                                                                               of the bank that reach all employees,
                                                                                                                  As part of its commitment to strengthening internal          as well as being required to take block
                                                                                                                  controls, the Bank continuously enhances its                 leave. The Customer Awareness Program
                                                                                                                  policies and provisions to align with best practices         is implemented by utilizing social media
                                                                                                                  and regulatory standards. These improvements                 effectively, periodically, and dynamically.
                                                                                                                  extend to various operational policies, including         b. Vulnerability Identifications, such as the
                                                                                                                  Standard Operating Procedures (SOP), Technical               application of Risk Management principles
                                                                                                                  Operational Instructions (PTO), and other internal           where all policies and procedures are
                                                                                                                  regulations, ensuring a robust and adaptive                  designed while observing the internal
                                                                                                                  framework for fraud prevention and control.                  control as well as GCG and Compliance
                                                                                                                                                                               principles. Employee’s works according to
                                                                                                                  Bank Mandiri’s Anti-Fraud Strategy regulates 4               their authority and responsibility is stated
                                                                                                                  pillars, as follows:                                         in each of their descriptions, and signed
                                                                                                                  1. Pillar 1: Prevention                                      by the employee concerned. In addition,
                                                                                                                                                                               the Annual Disclosure was signed by all
                                                                                                                     The responsibility of all levels of the Bank (work        employees at the beginning of the year.
                                                                                                                     units) and part of the Fraud Control System to
                                                                                                                     reduce the potential of fraud. The programs
                                                                                                                     of this pillar include:




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INTERNAL FRAUD
                                                                                                                                                 PREVENTION OF INSIDER
                                                                                                                                                             TRADING

   c. Know Your Employee (KYE) is a principle applied by the Bank to know each employee well, both
      in terms of ability and personality. KYE is carried out through the selection of candidates as well
      as monitoring the character and lifestyle of employees.

2. Pillar 2: Detection                                                                                              Bank Mandiri is committed to maintaining integrity and
   The responsibility of all units as first line, second line, and third line of defense and is part of the fraud
                                                                                                                    compliance in all aspects of its operations. To ensure ethical
   control system in order to identify and identify fraud in the bank business activities. The programs
   implemented by Bank Mandiri in this pillar include:                                                              and lawful behavior, the Bank has implemented a robust
   a. Whistleblowing System-Letter to CEO, which has been carried out and managed by an independent                 Insider Trading Policy, which governs securities and financial
       party to minimize conflicts of interest and provide a sense of security to the whistleblowers.
                                                                                                                    transactions by executives. This policy ensures that all activities
   b. Fraud Detection System, which has been implemented to support bank detection activities,
       including transactional and non-transactional fraud.                                                         are free from conflicts of interest, align with Insider Trading
   c. Surprise Audit, which is prioritized for business units that are high-risk or prone to fraud.                 regulations set by the Capital Market Authority, and comply with
   d. Surveillance System, which is aimed at monitoring and testing the effectiveness of the internal
                                                                                                                    relevant laws and regulations.
       control system (including the fraud control system).

3. Pillar 3: Investigation, Reporting, Sanctions and Legal Processes
   Part of the Fraud Control System in fraud handling via investigations and the results are reported to
   the President Director, Board of Commissioners, and Regulators, including proposals of sanctions                 The Corporate Secretary Standard Guidelines             4. The Board of Directors and the Board of
   and legal processes for the perpetrators. To strengthen the function of this Pillar, the authority to            stipulates the Insider Trading actions as stated in        Commissioners and parties due to their
   carry out investigations and the imposition of sanctions has been delegated to each region so as to              Chapter III No. 5 letter d, which are:                     positions, professions/relationships with the Bank
   accelerate case handling process and the recovery.                                                               1. The insiders who have insider information,              that carries out insider trading are accountable
                                                                                                                        such as information about the Bank’s financial         in accordance with prevailing regulations.
4. Pillar 4: Monitoring, Evaluation and Follow-up                                                                       situation, Bank activity plans and/or other         5. Annual Disclosure/Annual Statement includes
   Part of the Fraud Control System to monitor the follow-up to the results of investigations and evaluations           unpublished material information which may             a prohibition on insider trading. The obligation
   of fraud incidents, to improve on weaknesses and strengthen the Internal Control System to prevent                   be expected to influence the decisions of              for the Bank’s executive to provide an annual
   the recurrence of fraud due to similar weaknesses. Reports to the President Director and the Board                   investors or shareholders, are prohibited to           statement is regulated in the code of conduct
   of Commissioners are carried out in an orderly manner to monitor the predetermined follow-up list.                   buying and/or selling the Bank shares.                 and/or Human Resources Guidelines Standard.
                                                                                                                    2. The insiders who have insider information are
Total Fraud As of 31 December 2024                                                                                      prohibited from influencing any party including     In 2024, there were no insider trading occurred
                                                          Frauds Committed (Internal)                                   the Insider’s family to make a purchase or sale     in Bank Mandiri.
                                                                                                                        of shares.
                                    Members of BOC &                                       Non-Permanent            3. The insiders other than the Board of Directors
    Internal Fraud in 1 Year                                   Permanent Employees
                                         BOD                                                 Employees                  and Board of Commissioners who commit
                                      2024         2023          2024        2023         2024         2023             violations as stipulated above and proven to
                                                                                                                        conduct transactions and/or provide insider
Total Fraud                             -            -            45           49           27           39
                                                                                                                        information will be subject to disciplinary
Resolved                                -            -            45           49           27           39             sanctions as stipulated in the Human Resources
In resolving process internally         -            -             -           -            -             -             Guidelines Standard.

Not resolved                            -            -             -           -            -             -

Followed up through legal               -            -             -           1            -            1
processes




PT BANK MANDIRI (PERSERO) TBK                            942                                                                                                          943                                     ANNUAL REPORT 2024
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WHISTLEBLOWING SYSTEM:                                                                                                                                                                        WHISTLEBLOWING SYSTEM:

LETTER TO CEO

                                                                                                                                 • WBS-LTC management involves independent parties
                                                                                                                                 • The reporting party comes from internal or external parties
                                                                                                                                 • The whistleblower can provide full identity or anonymous (identity is only known to
                                                                                                                    2021           independent parties)
                                                                                                                                 • Media reporting: SMS/WA, email, website and mail
                                                                                                                                 • Broader WBS-LTC reports include fraud/indication, non-fraud reports and inputs/ideas for
To maintain and enhance the Bank’s reputation and in line with                                                                     business process improvement

the second pillar of the Anti-Fraud Strategy (SAF), the Detection                                                                • Bank Mandiri's cooperation agreement (PKS) with KPK No. 83 of 2021, No. Dir.PKS/6/2021
                                                                                                                                   dated 2 March 2021 concerning the handling of complaints in an effort to eradicate
Pillar, Bank Mandiri has established a Whistleblowing System                                                        2022           criminal acts of corruption signed by the Director of Compliance & Human Resources
(WBS). This mechanism, known as the Whistleblowing System                                                                        • Strengthening the implementation of the LTC WBS program for members of financial
                                                                                                                                   conglomerates
- Letter to CEO (WBS-LTC), serves as a medium for reporting                                                                      Bank Mandiri has been able to access the KPK Whistleblowing System (KWS) application to
                                                                                                                    2023
suspected violations. WBS-LTC aims to detect indications or                                                                      report Corruption Crimes (TPK)

acts of fraud and/or non-fraud, foster awareness among all                                                                       Bank Mandiri has renewed the Secure Socket Layer (SSL) for the Whistleblowing System for
                                                                                                                    2024         Corruption Crimes (WBSTPK) to ensure secure access to the Whistleblowing System application
employees, and enhance the Bank’s reputation in the eyes of                                                                      of the Corruption Eradication Commission (KPK).
stakeholders.
                                                                                                            Purposes and Objectives of WBS-LTC                         1. Be Independent and professional.
                                                                                                                                                                       2. Minimize the risk of conflict of interest.
                                                                                                            The WBS-LTC program as one of the Anti-Fraud               3. Provide a sense of security for the whistleblower.
                                                                                                            Strategy (SAF) programs, aims to:                          4. Increase stakeholder trust in WBS-LTC
                                                                                                            1. Detect indications or acts of fraud and/or non-            management.
                                                                                                                fraud that may harm customers, the Bank, or            5. The whistleblower can monitor the status of
INDEPENDENT PARTY MANAGEMENT OF WBS-LTC                                                                         other parties through reports submitted by                the follow-up to the WBS-LTC report being
                                                                                                                employees or external parties. Reports can                submitted.
To ensure confidentiality and trust in the reporting process, the reception and administration of WBS-          be submitted with clear identification or
LTC reports are managed by an independent third party. This independent management creates a                    anonymously, followed by investigations or             Reporting Media
safe environment, encouraging employees and stakeholders to report indications or acts of fraud                 other appropriate actions.
and/or non-fraud. The types of fraud that can be reported through WBS-LTC include corruption, asset         2. Promote awareness and care among all                    Bank Mandiri has provided reporting media for
misappropriation, financial statement fraud, deception, disclosure of confidential information, and other       employees to actively safeguard their work             acts or indications of fraud and/or non-fraud that
actions that can be classified as fraud in accordance with applicable laws and regulations.                     units from losses due to indications or acts of        can harm the customers and Bank Mandiri as
                                                                                                                fraud and/or non-fraud, thereby improving the          follows:
                                                                                                                quality of supervision and fostering a stronger
Development of WBS-LTC                                                                                          sense of ownership among employees.
                                                                                                                                                                                   Website:
                                                                                                            3. Enhance the Bank’s reputation among                                 https://bmri-wbsltc.tipoffs.info/
The development and enhancement of WBS-LTC are carried out continuously to improve the effectiveness of         stakeholders, particularly in the context of
its implementation. As of 2024, enhancements have also been made, with details as follows:                      corporate governance, by showcasing a                              Email:
                                                                                                                robust anti-fraud system, thereby elevating                        bmri-wbsltc@tipoffs.info

                       •   An identity of the whistleblower is a must                                           the Bank’s image.
                                                                                                                                                                                   Surat:
                       •   For employees only                                                                                                                                      PO BOX 1007 JKS 12007
        2019
                       •   Media only through mail, email and SMS
                       •   WBS-LTC is managed by internal parties
                                                                                                            WBS-LTC Management                                                     SMS dan WA:
                       •   It is allowed not to include the identity of the whistleblower                                                                                          0811-900-7777
                       •   Vendors can report                                                               The management of WBS-LTC engages the
        2020           •   Media Reporting plus WBS-LTC website
                       •   WBS-LTC reports include fraud reports/indications of fraud
                                                                                                            independent third party, which aims, among
                       •   WBS-LTC is managed by internal parties                                           others, to:




PT BANK MANDIRI (PERSERO) TBK                                944                                                                                                945                                        ANNUAL REPORT 2024
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WHISTLEBLOWING SYSTEM:                                                                                                                                                                                          WHISTLEBLOWING SYSTEM:




Confidentiality of Whistleblowers                                             c. Fraudulent financial reporting                    Information:
                                                                              d. Fraud                                             1. The whistleblower submits a WBS-LTC report through the website, email, WhatsApp & SMS or PO BOX
As Bank Mandiri’s commitment to maintaining                                   e. Disclosure of confidential information                Letter to Third Parties.
the confidentiality of reporting data, the Bank                               f. Other actions equated to fraud in                     a. Third Parties request information, documents or supporting evidence to the Whistleblower if the
provides:                                                                        accordance with prevailing laws and                      reporting has not met the 4W1H principle.
1. Guarantee on the confidentiality of the                                       regulations                                           b. The whistleblower completes the information.
   whistleblower identity.                                                                                                         2. Third Party delivers WBS-LTC report to Compliance & AML – CFT Group.
2. Guarantee for the confidentiality of the                               2. Non-Fraud, which includes actions other than          3. Compliance & AML – CFT Group analyzes WBS-LTC reports and forwards them to the relevant Work
   contents of the report submitted by the                                   fraud, such as:                                           Units (HCEOM or SIV) according to the classification of report types.
   whistleblower.                                                            a. Violations of the Code of Conduct, Business        4. Each Work Unit that follows up on the WBS-LTC report, submits the results of the follow-up to Compliance
                                                                                Ethics, Respectful Workplace Policy (RWP),             & AML – CFT Group.
Protection for Whistleblowers                                                   or implementation of other employment              5. Compliance & AML – CFT Group then submits it to a Third Party.
                                                                                regulations.                                       6. The Third Party will inform the results to the Whistleblower.
Protection of Employees who submit reports                                   b. Employee complaints, customer/non-
containing information related to disciplinary                                  customer complaints, and/or ideas/                 WBS-LTC Handling Results
violations and breaches of applicable stipulations/                             suggestions for improving products, services,
regulations, as long as the information submitted                               and business processes.                            Reports of violation complaints entered through WBS-LTC media either through the website, e-mail,
by the Employee is true, according to the facts                                                                                    mailbox or SMS/WA were as follows:
and does not constitute a false report including                          Dissemination of WBS-LTC                                                                                                     Report
no involvement of the whistleblower.                                                                                                                            Submission Media                                       Followed
                                                                                                                                                                                                    Classifications                Resolved
                                                                          To enhance understanding of the WBS-LTC at                 Year                                                                                  Up
                                                                                                                                                                                                              Non                   Reports
Types of Violations that                                                  all levels within the organization, Bank Mandiri                     Letters   Email      Website SMS/WA           Call   Fraud               Reports
                                                                                                                                                                                                             Fraud
can be Reported                                                           consistently and continuously conducts
                                                                          socialization efforts through various methods.           2024          4         52          79      122            0      38        219        257         257
Reports that can be submitted through WBS-LTC,                            These include displaying posters on employees’ PC
                                                                                                                                   2023          9         42          55       60            1      46        121        167         167
among others, are:                                                        screensavers, email blasts, the Mandiri Magazine,
Reports that can be submitted through the WBS-                            elevator lobbies at Plaza Mandiri, and utilizing print   2022          1         47          66       23            0      30        107        137         137
LTC include the following:                                                media, ensuring that the WBS-LTC becomes more            2021          2         28          30       17            0      26        51          77          77
1. Fraud, which consists of:                                              effective in the future.
                                                                                                                                   2020          4         24          38          9          0      29        46          75          75
   a. Corruption
   b. Misuse of assets                                                                                                             2019          4         24          10       10            0      23        25          48          48

                                                                                                                                   2018          0          7          1           0          0       2         6          8           8
WBS-LTC Reporting Mechanism
                WBS-TLC Reporting Mechanism
                                                                       4a
                                                                                                                HC Engagement
                                                                                                                  & Outsouce
                                                                                                                                   Violation Reports Sanctions/Follow-Ups In 2024
                               1b                                                                                Management
                                                                                            RWP,Ketentuan           Group
                         1
                                                                                   3a       Kepegawaian,
                                                                                           Keluhan Pegawai
                                                                                                                                   Every investigated violation report and those proven as violation has received sanction based on the
                                                                                                                                   regulation.
                             Website                    2                      3
                              Email
                             Whatapp
                               SMS
                              Surat
                                                        5    Compliance &      4        Secure Email
               Pelapor                   Pihak Ketiga       AML - CFT Group

                                                                                             Fraud, Code of
                                         6                                         3b       Conduct, Business
                                                                                                 ethics
                                                                                                                     Senior
                                                                                                                  Investigator
                                                                     4b



                                                                                         Nota




PT BANK MANDIRI (PERSERO) TBK                                      946                                                                                                                 947                                  ANNUAL REPORT 2024
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IMPLEMENTATION OF STATE                                                                                                                                                  SHARES BUYBACK AND BONDS BUYBACK

PROPERTY ASSETS REPORTING
(LHKPN)
                                                                                                              1. LHKPN Management Coordinator is the                    a. Managing and updating data required to
                                                                                                                 Corporate Secretary and Group Head Human                  report LHKPN within Bank Mandiri as well
                                                                                                                 Capital Services with the following scopes of             as updating the data of mandatory report
                                                                                                                 duties:                                                   LHKPN in Bank Mandiri office environment.
                                                                                                                 a. Coordinating with Corruption Eradication            b. Managing and monitoring LHKPN reporting
Bank Mandiri has established a comprehensive policy regarding                                                       Commission (KPK) in monitoring, filling, and           obligations within Bank Mandiri.
                                                                                                                    submitting LHKPN as well as socializing the
the implementation of the State Property Assets Reporting                                                           obligations to the LHKPN.                        LHKPN Reporting In 2024
(LHKPN). This policy outlines the obligations of designated                                                      b. Coordinating with the Ministry of State-
employees to report their assets, the procedures for submission,                                                    Owned Enterprises and KPK regarding the          LHKPN reporting until the end of the 2024 period,
                                                                                                                    management and administration of the             of the number of mandatory reports of 217 (two
the roles and responsibilities of the LHKPN administrator and                                                       LHKPN Compulsory Application.                    hundred and seventeen) people, there are 209
relevant work units, and the sanctions applicable to employees                                                                                                       (two hundred nine) people or 96.31% who have
who fail to fulfill their reporting obligations.                                                              2. e-LHKPN Management Administrators is a              fulfilled their reporting obligations. The percentage
                                                                                                                 Corporate Secretary Group and Human                 of reporting accuracy for officials who report is
                                                                                                                 Capital Services Group with the following           99.52%.
                                                                                                                 scope of duties:



Policy of State Property                              Mandatory Reporting of LHKPN
Assets Reporting (LHKPN)

Bank Mandiri has implemented a policy governing
                                                      Based on the LHKPN Policy, Mandatory Report of
                                                      LHKPN are Structural Executives within Bank Mandiri             SHARES BUYBACK AND BONDS
                                                                                                                                       BUYBACK
the reporting of State Property Assets (LHKPN) as     and is an Indonesian citizen, namely:
outlined in the Board of Directors Decree No.         1. Members of the Board of Commissioners
KEP.DIR/037/2022 dated 25 October 2022. This          2. Members of the Board of Directors
policy provides comprehensive guidelines for          3. Executives one level under the Board of
asset reporting within PT Bank Mandiri (Persero)         Directors
Tbk, ensuring compliance with regulations and         4. Board of Directors and Board of Commissioners
promoting transparency.                                  of Subsidiaries/Affiliates, which are consolidated
                                                         with the Company.                                    In 2024, the Bank did not engage in any share buybacks or bond buybacks.

The policy specifies the employees required           LHKPN Management
to submit LHKPN reports, the procedures for
submission, the roles and responsibilities of the     LHKPN reporting manager consists of LHKPN
LHKPN administrator and relevant work units, as       Management Coordinator and e-LHKPN
well as sanctions applicable to employees who         Management Administrators with these following
fail to fulfill their reporting obligations.          details:




PT BANK MANDIRI (PERSERO) TBK                       948                                 ANNUAL REPORT 2024                                                     949                                     ANNUAL REPORT 2024
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FUNDING TO RELATED PARTIES                                                                                                                           BANK STRATEGIC PLAN



Bank Mandiri ensures that funding to related parties complies                                                      Bank Mandiri has fully committed to and consistently
with applicable general procedures and maintains reasonable                                                        implemented its 2020-2024 Long-Term Strategic Plan (Corporate
profitability for the Company. In line with internal policies, such                                                Plan 2020-2024) through the end of 2024. This Corporate Plan
funding, including lending to individuals or groups such as                                                        is primarily aligned with three key references: Presidential
executives, Directors, and Commissioners, is conducted on fair                                                     Regulation No. 18 of 2020 on the 2020-2024 National Medium-
and reasonable terms and is subject to prior approval by the                                                       Term Development Plan (RPJMN), the 2020-2024 State-Owned
Board of Commissioners, ensuring transparency and adherence                                                        Enterprise (SOE) Roadmap, and Bank Mandiri’s Vision and
to good governance practices.                                                                                      Mission.




As part of the Board of Commissioners’ supervisory function regarding loans, any lending exceeding Rp3             The long-term plan will also be continuously carried     foundation for realizing the Vision Indonesia 2045,
trillion per individual is reported quarterly to the Board of Commissioners. This reporting includes loans         forward in the Corporate Plan for the 2025–2029          an advanced Indonesia, by focusing on economic
that have been terminated within three months of the reporting period.                                             period, taking into account the Final Draft of the       transformation, infrastructure development,
                                                                                                                   National Long-Term Development Plan (RPJPN)              human resource quality, public services, and
Detailed information on funding to related parties is presented in the Management Discussion and                   2025–2045 and the 2024–2034 State-Owned                  overall social welfare improvements.
Analysis section of this Annual Report.                                                                            Enterprises (SOEs) Strategic Planning Guidelines.
                                                                                                                   These efforts aim to support the 2034 SOEs vision        The Bank’s Strategic Plan is described in the Strategy
                                                                                                                   of “Building Indonesia’s Inclusive and Sustainable       section of the 2024 Chapter of Management
Total Funding to Related Parties as of December 2024                                                               Future” and contribute to the vision of Indonesia        Analysis and Discussion in this Annual Report.
                                                                           Total                                   Emas 2045.
 No.                    Funding
                                                  Debtors (person)                 Nominal (Rp billion)            The RPJMN 2020-2024 aims to build a self-
1.     To Related Parties                                                                                          reliant, advanced, just, and prosperous society
                                                                                                                   by accelerating development across various
       a. To Principal Debtors                                        13                                  11,085
                                                                                                                   sectors, emphasizing a robust economic structure
       b. Individual                                                 378                                    269    supported by high-quality, competitive human
       c. Group                                                        0                                      0    resources. Centered on achieving Sustainable
                                                                                                                   Development Goals (SDGs), the RPJMN serves as a
2.     To Principal Debtors (Borrowers Group)                         20                              353,590




PT BANK MANDIRI (PERSERO) TBK                       950                                                                                                               951                                      ANNUAL REPORT 2024
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TRANSPARENCY OF FINANCIAL                                                                                                                INTEGRATED GOVERNANCE
AND NON-FINANCIAL                                                                                                                                        REPORT
CONDITIONS


Bank Mandiri ensures compliance with transparency and                                                                  Bank Mandiri has implemented comprehensive measures
publication obligations by disclosing both financial and                                                               to ensure robust governance within the Bank Mandiri
non-financial information in accordance with prevailing                                                                conglomerate. These steps include the formulation of
regulations. This commitment is fulfilled through consistent                                                           Integrated Governance Guidelines as a shared reference
information disclosure and publications made available via                                                             and the establishment of key integrated governance organs
print media and the Bank’s official website.                                                                           such as the Integrated Governance Committee, Integrated
                                                                                                                       Compliance Unit, Integrated Risk Management Unit, and
                                                                                                                       Integrated Internal Audit Unit. These initiatives reflect the Bank’s
DETAILS OF INFORMATION DISCLOSURE AND PUBLICATIONS                                                                     commitment to fostering accountability and alignment within
                                                                                                                       its financial ecosystem.
1. Monthly Financial Statements: Submitted to           6. P r o d u c t a n d S e r v i c e I n f o r m a t i o n :
   regulators and published on the Bank Indonesia          Comprehensive details about Bank Mandiri’s
   (BI) and Bank Mandiri websites.                         products, services, and office network are
                                                           published through the Annual Report and the
2. Quarterly Financial Statements: Submitted               Bank Mandiri website, making it accessible to               Implementation of                                       Financial Conglomerates refers to the OJK
   to regulators and published through the OJK             customers, investors, and the public.                       Integrated Governance                                   Circular No. 15/SEOJK.03/2015 concerning the
   reporting system, the Bank Mandiri website,                                                                                                                                 Implementation of Integrated Governance for
   and newspapers or other electronic media.            7. Consumer Protection Information: Includes                   In compliance with Financial Services Authority         Financial Conglomerates and refers to sectoral
                                                           procedures for submitting complaints,                       Regulation (POJK) No. 18/POJK.03/2014 on the            regulations of Financial Service Institutions.
3. Annual Financial Statements: Submitted to               information security, and tips for safely using             Implementation of Integrated Governance for
   regulators and published through the OJK                banking services, published on the Bank                     Financial Conglomerates, Bank Mandiri, as the           The assessment is carried out on 3 (three)
   reporting system, the Bank Mandiri website,             Mandiri website to comply with consumer                     Parent Entity, with its 9 (nine) subsidiaries and 3     aspects of governance, namely structure,
   and the reporting system for issuers or public          protection provisions.                                      (three) sub-subsidiary within the Bank Mandiri          process and outcome on the following 7 (seven)
   companies.                                                                                                          Financial Conglomerate, has developed                   Assessment Factors for Integrated Governance
                                                        8. Additional Information: Covers other topics                 Integrated Governance Guidelines. These                 Implementation:
4. Annual Report: Prepared in accordance                   aimed at enhancing information transparency,                guidelines serve as a reference for Bank                1. Implementation of duties and responsibilities
   with regulatory provisions and submitted                financial education, and public service                     Mandiri and all Financial Services Institutions            of the Directors of the Main Entity.
   to regulators, rating agencies, banking                 outreach.                                                   within the conglomerate. In addition, the Bank          2. Implementation of duties and responsibilities of
   development institutions, research institutions,                                                                    has strengthened its governance structure                  the Board of Commissioners of the Main Entity.
   and financial publications. The report is also                                                                      by establishing the Integrated Governance               3. Duties and responsibilities of the Integrated
   published on the Company’s website.                                                                                 Committee, Integrated Compliance Unit,                     Governance Committee.
                                                                                                                       Integrated Risk Management Unit, and Integrated         4. Duties and responsibilities of the Integrated
5. Corporate Governance Information: Covering                                                                          Internal Audit Unit.                                       Compliance Unit.
   the Annual Corporate Governance Report,                                                                                                                                     5. Duties and responsibilities of the Integrated
   Vision, Mission, Corporate Values, Board of                                                                         Self-Assessment Report of                                  Internal Audit Unit.
   Commissioners and Directors’ compositions                                                                           Integrated Governance                                   6. I m p l e m e n t a t i o n o f I n t e g r a t e d R i s k
   and profiles, and governance-related                                                                                During 1 (One) Fiscal Year                                 Management.
   documents such as the Articles of Association                                                                                                                               7. Development and implementation of
   and Committee Charters, all published on the                                                                        Self-assessment of Bank Mandiri and Financial              Integrated Governance Guidelines.
   Bank Mandiri website.                                                                                               Service Institutions within the Bank Mandiri



PT BANK MANDIRI (PERSERO) TBK                         952                                                                                                                953                                           ANNUAL REPORT 2024
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INTEGRATED GOVERNANCE REPORT                                                                                                                                                            INTEGRATED GOVERNANCE REPORT




The Integrated Governance assessment every                      structure, process, and outcome. This assessment      Structure of Financial Conglomerates
semester involves all Directors and Board of                    underscores the commitment of all entities
Commissioners, Risk Management Unit, Internal                   within Bank Mandiri financial conglomerate to         The financial conglomerates structure of Bank Mandiri consists of Bank Mandiri as the Main Entity, and
Audit Unit, Compliance Unit and Corporate                       maintaining robust and effective governance           9 (nine) Subsidiaries and 3 (three) Sub-subsidiaries engaged in various sectors. Bank Mandiri’s financial
Secretary and all Financial Service Institutions in             practices.                                            conglomerate structure is as follows:
the Financial Conglomerates.
                                                                From the structure aspect, Bank Mandiri has
                                                                adjusted the Membership of the Integrated
                                                                                                                                              Investment Banking &
Rating Score                                                    Governance Committee through the Board of                                     Securities
In the first semester of 2024, Bank Mandiri has                 Directors Decree No. KEP.DIR/040/2024 dated 22
conducted an Integrated Governance assessment                   May 2024, and refined the Integrated Governance                                                      99,99%
                                                                                                                                                                                          Insurance
and obtained the following score:                               Guidelines, which were approved by the Board
 Ratings               Definition of Rating                     of Commissioners on 25 March 2024.
                                                                                                                                                                     99,93%                                     51,00%
    1       The assessment of the Financial Conglomerates’
                                                                From the process aspect, Bank Mandiri has held 5
  (Very     implementation of Integrated Governance
  good)     resulted in an overall very good rating.            (five) Integrated Governance Committee (IGC)
            This reflects the adequate application of           meetings in 2024, exceeding the regulatory
                                                                                                                          Multifinance
            Integrated Governance principles practices.         requirement of at least one meeting per semester.
            Identified weaknesses, if any, were generally
            minor and could be addressed effectively            Discussions during these meetings included the                                51,00%
            through standard corrective actions taken by        self-assessment results of Integrated Governance
            the Main Entity and/or the respective Financial     implementation, the work plan of the Integrated
            Service Institutions.                                                                                                                                                                     Islamic Banking
                                                                Units, Consolidated Risk-Based Bank Rating, and                               99,99%
                                                                Integrated Risk Profile.
                                                                                                                                                                                                                          51,47%
In the second semester of 2024, Bank Mandiri has
conducted an Integrated Governance assessment                   From the outcome aspect, the Mandiri Group
and obtained the following score:                               participated in the Corporate Governance
Ratings                Definition of Rating                     Perception Index (CGPI) 2023 research and                        Remittance
                                                                rating program organized by an Independent
    1      The assessment of the Financial Conglomerates’
                                                                Party in 2024. 6 (Six) subsidiaries within the Bank                                 100,00%
  (Very    implementation of Integrated Governance
  good)    resulted in an overall very good rating. This        Mandiri Financial Conglomerate participated in
           reflects the adequate application of Integrated      the CGPI ranking in 2024. In the CGPI assessment,
           Governance principles practices. Identified          3 (three) companies: PT Bank Syariah Indonesia,
           weaknesses, if any, were generally minor
           and could be addressed effectively through           PT Bank Mandiri Taspen, and PT Mandiri Sekuritas                                                                          Venture Capital
           standard corrective actions taken by the Main        achieved the “Most Trusted” rating, while 3 (three)
           Entity and/or the respective Financial Service                                                                                                Banking
                                                                companies: PT AXA Mandiri Financial Services,                                                                                                    99,99%
           Institutions.
                                                                PT Mandiri Tunas Finance, and PT Mandiri Utama
                                                                                                                                                                              51,098%
                                                                Finance earned the “Trusted” rating.
Bank Mandiri conducts a self-assessment of
Integrated Governance by involving all financial
institutions within the Bank Mandiri Financial                                                                                                                                100,00%

Conglomerate. The implementation of Integrated
Governance across the conglomerate is generally
rated as good, reflecting compliance with the
three key aspects of Integrated Governance:




PT BANK MANDIRI (PERSERO) TBK                                 954                                                                                                               955                               ANNUAL REPORT 2024
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INTEGRATED GOVERNANCE REPORT                                                                                                                                                      INTEGRATED GOVERNANCE REPORT




Shareholding Structure of Financial Conglomerates                                                             Board of Directors:                                      Board of Directors:

As of 31 December 2024, Bank Mandiri’s share ownership structure was as follows:                              1. Having full responsibility for the implementation     1. Implementing the principles of corporate
                                                                                                                 of Bank Mandiri management.                              governance.
 No.                                  Subsidiary                          % BMRI Shareholding                 2. Managing Bank Mandiri in accordance with              2. Preparing the Corporate Governance
                                                                                                                 the authority and responsibility as stipulated in        Guidelines.
1      PT Bank Syariah Indonesia                                                  51,47%
                                                                                                                 the Articles of Association and the prevailing        3. F o l l o w i n g u p o n a u d i t r e s u l t s a n d
2      PT Bank Mandiri Taspen                                                     51,098%                        laws and regulations.                                    recommendations from the Internal Audit Unit,
                                                                                                              3. Ensuring the application of TKT in financial             external auditors, and the results of supervision
3      Bank Mandiri Europe Ltd.                                                   100,00%
                                                                                                                 conglomerates.                                           from the authorities.
4      PT Mandiri Tunas Finance                                                   51,00%                      4. Arranging and informing Integrated                    4. Organizing the Board of Directors meetings.
5      PT Mandiri Utama Finance                                                   99,99%                         Governance Guidelines to all Subsidiaries.            5. Developing the charter that at least include the
                                                                                                              5. Directing, monitoring and evaluating the                 procedures for decision-making and meeting
6      PT AXA Mandiri Financial Services                                          51,00%
                                                                                                                 implementation of Integrated Governance                  documentation.
7      PT Mandiri Sekuritas                                                       99,99%                         Guidelines.
8      PT Mandiri Capital Indonesia                                               99,99%                      6. Following up on the direction/advice of Bank          Sharia Supervisory Board:
                                                                                                                 Mandiri Board of Commissioners in order to
9      Mandiri International Remittance                                           100,00%
                                                                                                                 improve the Integrated Governance Guidelines          1. The Sharia Supervisory Board must carry out its
                                                                                                                                                                          duties and responsibilities in accordance with
 No.                            Sub-Subsidiary                            % BMRI Shareholding                 Management Structure in Mandiri Group consists of           the principles of Governance.
                                                                                                              the Board of Commissioners, the Board of Directors       2. The Sharia Supervisory Board is responsible for
1      PT Mandiri Manajemen Investasi                                             99,93%
                                                                                                              and the Sharia Supervisory Board of Subsidiaries.           providing advice to the Board of Directors and
2      Mandiri Securities Pte. Ltd.                                               100,00%                     All of those have the responsibility assigned in the        monitoring activities in accordance with Sharia
                                                                                                              Integrated Governance Guidelines as follows:                Principles.
3      PT Mitra Transaksi PT                                                      99,99%
                                                                                                                                                                       3. The implementation of the duties and
                                                                                                              Board of Commissioners:                                     responsibilities of the Sharia Supervisory Board is
                                                                                                                                                                          adjusted to the prevailing laws and regulations
Management Structure of                                 Board of Commissioners:                               1. Supervising the implementation of governance,            in each Subsidiary.
Financial Conglomerates                                                                                          duties and responsibilities of the Board of           4. Members of the Sharia Supervisory Board must
                                                        1. Supervising the implementation of duties and          Directors and following up on audit results from         provide sufficient time to carry out their duties
Pursuant to OJK Regulation No.18/POJK.03/2014              responsibilities, and providing advice to the         internal and external parties.                           and responsibilities optimally.
regarding Governance Practices of Financial                Bank Mandiri Board of Directors as stipulated in   2. Establishing committees or appointing parties to      5. Developing the Sharia Supervisory Board
Conglomerates, the management structure of                 the Articles of Association and prevailing laws.      carry out functions that support the duties and          charter.
Bank Mandiri Financial Conglomerates is as follows:     2. Supervising the implementation of Integrated          responsibilities of the Board of Commissioners
                                                           Governance.                                           at least audit committees/functions, and
Board of Commissioners and                                                                                       compliance monitoring committees/functions.
Directors of Bank Mandiri                                                                                     3. Organizing the Board of Commissioners
Financial Conglomerates                                                                                          meetings which at least includes frequency,
                                                                                                                 attendance and decision-making procedures.
The Board of Commissioners and Directors of Bank                                                              4. Developing the Board of Commissioners
Mandiri have duties and responsibilities related to                                                              charter.
Integrated Governance as follows:




PT BANK MANDIRI (PERSERO) TBK                         956                                                                                                        957                                        ANNUAL REPORT 2024
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INTEGRATED GOVERNANCE REPORT                                                                                                                                                                               INTEGRATED GOVERNANCE REPORT




                                                        BANK SYARIAH INDONESIA                                                                                              MANDIRI CAPITAL INDONESIA
 Company Management                                                                                                            Company Management

 Board of Commissioners                            Board of Directors                       Sharia Supervisory Board           Board of Commissioners                                       Board of Directors
 • President Commissioner/                         • President Director: Hery Gunardi       • Chairman: Hasanudin              • President Commissioner: Vacant                             • President Director: Ronald Samuel Simorangkir
   Independent Commissioner:                       • Vice President Director: Bob           • Member: Mohamad Hidayat          • Independent Commissioner: Alamanda Shantika                • Director: Wisnu Setiadi
   Muliaman D. Hadad                                 Tyasika Ananta                         • Member: Oni Sahroni                Santoso
 • Vice President Commissioner/                    • Director of Sales & Distribution:      • Member: Abdul Ghofur Maimoen*)
   Independent Commissioner:                         Anton Sukarna                          • Member: Jaih Mubarok
   Adiwarman Azwar Karim                           • Director of Compliance & Human
 • Commissioner: Suyanto                             Capital: Tribuana Tunggadewi                                                                                             MANDIRI TUNAS FINANCE
 • Commissioner: Masduki Baidlowi                  • Director of Finance & Strategy:
 • Commissioner: Abu Rokhmad                         Ade Cahyo Nugroho                                                         Company Management
 • Commissioner: Fauzi                             • Director of Wholesale Transaction
                                                                                                                               Board of Commissioners                                       Board of Directors
 • Commissioner: Nazaruddin                          Banking: Zaidan Novari
                                                                                                                               • President Commissioner: Rico Adisurja Setiawan             • President Director: Pinohadi G. Sumardi
 • Independent Commissioner:                       • Director of Information
                                                                                                                               • Commissioner: Saptari                                      • Director: R. Eryawan Nurhariadi
   Mohamad Nasir                                     Technology: Saladin D. Effendi
                                                                                                                               • Independent Commissioner: Fendy Eventius Mugni             • Director: William Francis Indra
 • Independent Commissioner:                       • Director of Risk Management:
                                                                                                                               • Independent Commissioner: Subarna*
   Komaruddin Hidayat                                Grandhis Helmi Harumansyah
 • Independent Commissioner:                       • Director of Retail Banking: Harry                                         * Still waiting for OJK F&P test result
   Felicitas Tallulembang                            Gusti Utama
                                                   • Director of Treasury & International
                                                     Banking: Ari Rizaldi                                                                                                    MANDIRI UTAMA FINANCE
 *) effective upon obtaining approval from Otoritas Jasa Keuangan                                                              Company Management

                                                                                                                               Board of Commissioners                       Board of Directors                      Sharia Supervisory Board:
                                                           BANK MANDIRI TASPEN                                                 • President Commissioner: Alexander          • President Director: Stanley Setia     • Chairman: Abdul Gofarrozin
                                                                                                                                 Dippo Paris Y. S                             Atmadja                               • Member: M. Ziyad Ulhaq
 Company Management                                                                                                            • Commissioner: Erida                        • Director: Rita Mustika
                                                                                                                               • Independent Commissioner: Kusman           • Director: Rully Setiawan
 Board of Commissioners                                               Board of Directors
                                                                                                                                 Yandi
 • President Commissioner: Mustaslimah                                • President Director: Elmamber Petamu Sinaga
 • Commissioner: Hendrika Nora Osloi Sinaga                           • Director: Maswar Purnama
 • Independent Commissioner: Suhajar Diantoro*                        • Director: Widi Nugroho
 • Independent Commissioner: Boedi Armanto                            • Director: Putu Apriyanto
                                                                                                                                                                         MANDIRI INTERNATIONAL REMITTANCE
 • Independent Commissioner: vacant                                   • Director: Resi Lora
*under the process of OJK fit & proper test                                                                                    Company Management

                                                                                                                               Board of Directors
                                                      BANK MANDIRI EUROPE LIMITED                                              • President Director: Fitri Wahyu A
                                                                                                                               • Operation Director: Azman Mohd Hashim
 Company Management                                                                                                            • Non-Executive Director: Rolland Setiawan
                                                                                                                               • Non-Executive Director: Boniangga Anugrah
 Board of Directors
 • Independent Non-Executive Director (NED) & Chairman: Dian Triansyah Djani
 • Independent NED: Geoffrey McDonald
 • NED: Venda Yuniarti                                                                                                                                                    AXA MANDIRI FINANCIAL SERVICES
 • Executive Director & Chief Executive: Aries Syamsul Arifien
                                                                                                                               Company Management

                                                              MANDIRI SEKURITAS                                                Board of Commissioners                       Board of Directors                      Sharia Supervisory Board:
                                                                                                                               • President Commissioner: Trilaksito         • President Director: Handojo           • Chairman: Zainut Tauhid
 Company Management                                                                                                              Singgih Hudanendra                           Gunawan Kusuma                           Sa’adi
                                                                                                                               • Commissioner: Sally Joy O’Hara             • Compliance Director: Rudy Kamdani     • Member: M. Cholil Nafis
 Board of Commissioners                                               Board of Directors                                       • Independent Commissioner: Agus             • Director: Rudi Nugraha                • Member: Amin
 • President Commissioner/Independent Commissioner:                   • President Director: Mohamad Oki Ramadhana                Retmono                                    • Director: Uke Giri Utama
   Hoesen                                                             • Director: Alex Widi Kristiono                          • Independent Commissioner: Choky            • Director: Aayush Poddar
 • Commissioner: Mochamad Rizaldi                                     • Director: Harold Jonathan Dharma Tjiptadjaja             Leonard Tobing
                                                                      • Director: Silva Halim
                                                                      • Director: Theodora Vinca Natalie Manik




PT BANK MANDIRI (PERSERO) TBK                                         958                                                                                                                959                                       ANNUAL REPORT 2024
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INTEGRATED GOVERNANCE REPORT                                                                                                                                                           INTEGRATED GOVERNANCE REPORT




                                     MANDIRI MANAJEMEN INVESTASI                                                  4. Review and evaluate the Implementation of              In 2024, the Integrated Internal Audit Unit of Bank
                                                                                                                     the Compliance Function of the Subsidiaries            Mandiri ensured the implementation of internal
Company Management
                                                                                                                     including the Reports on the Compliance Risk           control functions in Subsidiaries by:
Board of Commissioners                                  Board of Directors                                           Profile of the Subsidiaries through the Integrated     1. Conducting an audit of 7 (Seven) Subsidiaries.
• President Commissioner: Firman Nugraha                • President Director: Aliyahdin Saugi
• Commissioner: Riki Frindos                            • Director: Arief Budiman                                    Risk Management Forum (IRMF).                          2. Evaluating and aligning the audit plan with the
• Independent Commissioner: Tang Margeret Mutiara       • Director: Hardiyanto Pilia                              5. Discussion forum with Financial Conglomerates              Subsidiaries prior to preparing the Annual Audit
                                                        • Director: Ernawan R. Salimsyah                             to discuss forward looking and mitigation of               Plan (AAP) of Bank Mandiri and Subsidiaries.
                                                                                                                     compliance issues that occur in Subsidiaries.          3. Monitoring the Subsidiaries’ Internal Audit Unit’s
                                                                                                                  6. The inclusion of a reporting framework for                 Audit Report and its follow-ups on a quarterly
INTEGRATED GOVERNANCE                                      INTEGRATED COMPLIANCE UNIT                                managing the compliance function in the                    basis.
COMMITTEE                                                                                                            Financial Conglomerates in Bank Mandiri’s              4. Preparing the Integrated Internal Audit Function
                                                           To align with the provisions of OJK Regulation No.        internal provisions to strengthen the synergy of           Implementation Report.
Bank Mandiri has established the Integrated                18/POJK.03/2014, Bank Mandiri has established             integrated compliance function management.
Governance Committee, comprising Independent               the Compliance & AML-CFT Group as its                  7. Submission of a resume of new regulations to
Commissioners from Bank Mandiri as the                     Integrated Compliance Unit. This unit is responsible      the Financial Conglomerates and monitoring             In addition, the Integrated Internal Audit Unit of
Main Entity and Independent Commissioners                  for overseeing and ensuring the effective                 the fulfilment of obligations in the new               Bank Mandiri also carried out the following to
representing each industry within the Bank Mandiri         implementation of the compliance function across          regulations that have a significant impact and         improve the functions of Integrated Internal Audit
Financial Conglomerate. This structure ensures             the Mandiri Group.                                        have major sanctions.                                  Unit, as follows:
comprehensive oversight and alignment across                                                                                                                                1. Placement of the Head of Integrated Internal
all entities within the conglomerate.                      The duties and responsibilities of Integrated                                                                        Audit Unit in most of the Subsidiaries by taking
                                                           Compliance Unit are as follows:                        INTEGRATED INTERNAL                                           into account the Integrated Internal Audit Unit
The Integrated Governance Committee has at                 1. Monitoring and evaluating the implementation        AUDIT UNIT                                                    recommendations.
least the following duties and responsibilities:              of compliance function in all Financial Service                                                               2. Internal audit capabilities improvement forum
1. Supervise the implementation of Governance                 Institutions of Financial Conglomerates.            The Main Entity has designed the Internal                     for the Integrated Internal Audit Unit and
   in each financial institution in the Bank Mandiri       2. Preparing the integrated compliance report          Audit as the Integrated Internal Audit Unit that              Subsidiaries’ Internal Audit Unit through trainings,
   Financial Conglomerates in accordance with                 to the Director in charge of the Compliance         is independent from the operating unit. The                   workshops, benchmarking, attachment, and
   the Integrated Governance Guidelines.                      Function and the annual report of Integrated        Integrated Internal Audit Unit, in this case Internal         auditors of Subsidiaries’ Internal Audit Unit are
2. Supervise the implementation of the duties and             Governance.                                         Audit, also collaborated with the 1st line and 2nd            invited as guest auditors in audit assignments
   responsibilities of the Board of Directors of Bank      3. Organizing forums with Financial Service            line of Bank Mandiri and the Internal Audit of                of the Holding Internal Audit Unit.
   Mandiri, as well as provide direction or advice            Institutions of Financial Conglomerates             Subsidiaries to ensure effective implementation           3. Conducting periodic assessments of the quality
   to the Board of Directors of Bank Mandiri on the           regarding the implementation of the integrated      of internal control function in Mandiri Group..               audit function of SKAI PA.
   implementation of the Integrated Governance                compliance function.                                                                                          4. Organizing the Integrated Internal Audit Unit
   Guidelines.                                                                                                    The Integrated Internal Audit Unit has the duties             of Mandiri Group forum periodically.
3. Evaluate the implementation of Integrated               During 2024, the Integrated Compliance Unit of         and responsibilities set out in the Integrated            5. Providing support for the self-assessment of PA
   Governance at least through an assessment               Bank Mandiri has carried out several initiatives       Governance Guidelines as follows:                             in the implementation of the Personal Data
   of the adequacy of internal controls and the            on Integrated Governance implementation, as            1. Conducting an audit of the Subsidiary either               Protection Law (UU PDP).
   implementation of compliance functions in an            follows:                                                  individually, jointly or based on reports from
   integrated manner.                                      1. Alignment of compliance policies and                   the Subsidiary’s Internal Audit Unit.
4. Provide recommendations to the Board of                     compliance risk management mechanisms.             2. Monitoring the implementation of Internal
   Commissioners of Bank Mandiri, regarding:               2. Submission of a letter to all Financial Service        audits at each Subsidiary Company by
   a. The results of the evaluation of the                     Institutions in the Financial Conglomerates to        conducting:
       implementation of Integrated Governance;                prepare a Quarterly Integrated Compliance             a. Evaluation of the Subsidiary’s audit plan
   b. Improvement of Integrated Governance                     Implementation Report (LPKT).                             in order to align with the integrated audit
       Guidelines.                                         3. On a quarterly basis, receive a Report on the              plan.
                                                               Implementation of the Integrated Compliance           b. Evaluation of internal and external audits
                                                               Function (LPKT).                                          results of Subsidiaries and follow-ups to
                                                                                                                         prepare an integrated internal audit report.




PT BANK MANDIRI (PERSERO) TBK                           960                                                                                                           961                                       ANNUAL REPORT 2024
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INTEGRATED GOVERNANCE REPORT                                                                                                                                                             INTEGRATED GOVERNANCE REPORT




INTEGRATED RISK                                                9. Providing input to the integrated risk               Intragroup transaction processes and                    Vendor Management, Consolidated/Intergrated
MANAGEMENT UNIT                                                    management committee, in order to organizing        collaborations within the Mandiri Group are             Risk Management Limit, Investment and Corporate
                                                                   and improving integrated risk management            governed by internal regulations, including the         Action, Business Continuity Management and
Bank Mandiri has established the Integrated                        policies.                                           Risk Management Policy (KMNR), the Standard             Investment Management.
Risk Management Unit, coordinated by the                       10. Arranging and submitting an integrated risk         Procedure for Implementing Risk-Based Bank
Credit Portfolio Risk Group. This unit operates                    profile report periodically to the Directors in     Rating (RBBR), and Operational Technical                MSMPG is implemented by referring to the basic
independently from other operational units and is                  charge of the integrated risk management            Instructions for Risk-Based Bank Rating Assessments     principles of managing Subsidiaries as follows:
supported by comprehensive policies, procedures,                   function and to the integrated risk management      (RBBR). These are further guided by the Mandiri         1. Subsidiaries are separated entities from Bank
and clearly defined risk limits to ensure effective                committee.                                          Subsidiaries Management Principles Guideline                Mandiri and have their own legal responsibilities.
risk management across the organization.                       11. Conducting integrated capital adequacy              (MSMPG), which serves as a framework for                2. Management of subsidiaries is carried out
                                                                   assessment.                                         fostering a collaborative business ecosystem. The           professionally and does not intervene in the
The Integrated Risk Management Unit has the                    12. Conducting integrated capital monitoring and        policy on intragroup transaction risk also adheres          operational activities of subsidiaries.
duties and responsibilities contained in the                       report submission.                                  to POJK No.17/POJK.03/2014 dated 19 November            3. Management of Subsidiary Companies is
Integrated Governance Guidelines, as follows:                                                                          2014 on the Implementation of Integrated Risk               carried out without disregarding the duties
1. Providing input to the Board of Directors of Bank           In 2024, the Integrated Risk Management Unit            Management for Financial Conglomerates                      and responsibilities of the Board of Directors
    Mandiri, among others, in the preparation of               has carried out several initiatives in implementing     and SEOJK No.14/SEOJK.03/2015 dated 25 May                  and Board of Commissioners of the Subsidiaries
    integrated risk management policies, as well as            consolidated/integrated risk management,                2015 on the Implementation of Integrated Risk               in accordance with the Articles of Association.
    the improvement or refinement of integrated                among others:                                           Management for Financial Conglomerates.                 4. Management of Subsidiary Companies
    risk management policies based on the results              1. Conducting Mandiri Group Stress Testing                                                                          is aimed at optimizing sustainable profits,
    of implementation evaluation.                                  periodically every semester.                        Bank Mandiri actively monitors business                     reducing risks, fulfilling regulatory requirements,
2. Monitoring the implementation of integrated                 2. Conducting the Integrated Risk Management            performance and risks arising from synergies                and good governance.
    risk management policies including developing                  Forum (IRMF) periodically every quarter.            with its subsidiaries, ensuring that all intragroup     5. Management of Subsidiary Companies is
    procedures and tools for risk identification,              3. Enhancing the strategy of market and liquidity       transactions comply with regulatory and internal            carried out with controlling, consolidating
    measurement, monitoring and control.                           risk management of the Mandiri Group                limits.                                                     and/or assisting the above mentioned areas
3. Monitoring risks in financial conglomerates                     Financial Conglomerates.                                                                                        with attention to their business characteristic,
    based on the results of the assessment:                    4. Optimizing Key Indicators as Risk Monitoring         The MSMPG plays a pivotal role in guiding the               decision of GMS between Bank Mandiri and
4. Risk profile of each Subsidiary in the Financial                Tools                                               Bank and its subsidiaries to create added value by          Subdisiary Companies, and the appliacable
    Conglomerates;                                             5. Enhancing the strategy of managing cyber             fostering a culture of performance while adhering           law and regulations.
    a. Integrated risk level of each risk;                         risk resilience.                                    to Good Corporate Governance principles and
    b. Integrated risk profile.                                                                                        the Articles of Association of each entity within
5. Managing stress testing.                                    Intragroup Transaction Policy                           the Mandiri Group.
6. Carrying out periodic reviews to ensure:
    a. The accuracy of the risk assessment                     The rapid growth of Bank Mandiri and its subsidiaries   The MSMPG encompasses principles for managing
         methodology;                                          across various business segments has fostered           Bank Mandiri’s subsidiaries across various areas,
    b. A d e q u a c y o f i m p l e m e n t a t i o n o f     strong synergies and collaborations within a unified    including Integrated Governance, Anti-Money
         management information systems;                       business ecosystem. This development increases          Laundering, Counter-Terrorism Financing, and
    c. Integrated accuracy of policies, procedures             the exposure to intragroup transactions within          Counter-Proliferation Financing of Weapons of
         and risk limits.                                      the Mandiri Group. Bank Mandiri ensures that all        Mass (AML-CFT and CPF), Financial Reporting,
7. Reviewing strategic proposed new business                   intragroup transactions comply with both internal       Human Resources, Procurement, Subsidiary
    lines that can be significantly influential on the         and external regulations, maintaining alignment         Synergy, Strategy and Performance, Corporate
    risk exposure of financial conglomerates.                  in terms of process and exposure.                       Culture Values, Information Technology, Data
8. Providing information to the integrated risk                                                                        Management, Mandiri ESG Guiding Principles
    management committee on matters that                                                                               and Implementation of Sustainable Financing,
    need to be followed up regarding the results                                                                       Gratification Control, Personal Data Protection,
    of the evaluation on the implementation of
    integrated risk management.




PT BANK MANDIRI (PERSERO) TBK                                962                                                                                                         963                                      ANNUAL REPORT 2024
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BAD CORPORATE GOVERNANCE                                                                                                             STATEMENT OF GOOD
PRACTICES                                                                                                                      CORPORATE GOVERNANCE
                                                                                                                              PRINCIPLES IMPLEMENTATION


Bad corporate governance practices within a company                                                                   All members of the Board of Commissioners, Board of Directors,
can significantly disrupt the integrity and effectiveness of                                                          and employees of Bank Mandiri are steadfastly committed to
the Good Corporate Governance system that has been                                                                    upholding the principles of Good Corporate Governance in
established. Acknowledging this, Bank Mandiri upholds a                                                               every aspect of their duties and responsibilities. This commitment
firm commitment to avoiding actions or policies that could                                                            is reflected in their adherence to prevailing laws and regulations,
lead to such practices. The Bank continuously strengthens                                                             with no material violations recorded. Bank Mandiri has also
its governance framework to ensure alignment with ethical                                                             aligned its governance practices with the ASEAN Corporate
standards, regulatory compliance, and stakeholder                                                                     Governance Scorecard (ACGS), showcasing its dedication to
expectations.                                                                                                         achieving internationally recognized standards. While the Bank
                                                                                                                      strives for full compliance, principles that have not yet been fully
                                                                                                                      implemented are transparently disclosed on the Bank’s official
                                                                                                                      website. This proactive approach underscores Bank Mandiri’s
Bank Mandiri implements strict measures to prevent any activities that could compromise its governance                dedication to continuous improvement in governance, ensuring
principles. This commitment is demonstrated in its proactive approach to monitoring, enforcing, and                   that the organization operates with integrity, transparency, and
improving corporate governance implementation across all levels of the organization. To that end,
Bank Mandiri is able to maintain the integrity of its corporate governance practices as outlined in the
                                                                                                                      accountability in serving its stakeholders.
table below:


 No                                               Remarks                                                 Practices
1      There are reports of company activities that pollute the environment                                 None

2      Non-compliance in fulfilling tax obligations                                                         None

3      The inconsistency in the presentation of annual reports and financial statements with applicable     None
       regulations and financial accounting standards (SAK)

4      Not submitting legal cases/litigation related to labor and employees                                 None

5      Did not disclose the operating segment review                                                        None

6      Discrepancies in the Annual Report file between hardcopy and softcopy on the website                 None

7      Do not disclose important cases currently being faced by the company, subsidiaries, members          None
       of the Board of Directors/Board of Commissioners who are currently serving in the Annual Report




PT BANK MANDIRI (PERSERO) TBK                               964                                                                                       965                      ANNUAL REPORT 2024
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RISK MANAGEMENT                                                                                                                                                                                            RISK MANAGEMENT




                                                                                                                  Bank Mandiri has updated its Recovery Plan to               3. Financial Services Authority Regulation (POJK)
                                                                                                                  prevent, restore and improve the Bank’s financial               No. 4/POJK.03/2016 dated 26 January 2016
                                                                                                                  condition and business continuity in the event of               concerning Assessment of Commercial Bank
As a manifestation of Bank Mandiri’s commitment to                                                                financial stress, as stipulated in OJK Regulation No.           Soundness Rating.
implementing good corporate governance practices, the Bank                                                        5 of 2024 concerning Determination of Supervisory           4. OJK Regulation No. 18/POJK.03/2016 dated 16
proactively manages risk to achieve sound and sustainable                                                         Status and Handling of Commercial Bank Problems.                March 2016 concerning the Implementation
                                                                                                                  The Recovery Plan prepared at least contains an                 of Risk Management for Commercial Banks
financial and operational growth while maintaining an optimal                                                     analysis of the Bank’s condition, line of business,         5. OJK Regulation No. 17/POJK.03/2014 dated 18
risk-adjusted return in line with its established risk appetite.                                                  office network and material subsidiaries of the                 November 2014 concerning the Implementation
                                                                                                                  Bank, the structure of the Bank’s business group,               of Integrated Risk Management for Financial
                                                                                                                  the Bank’s business linkages, scenario analysis of              Conglomerates.
The Bank’s risk management is governed by a risk management                                                       the impact of changes in the Bank’s condition               6. OJK Regulation No. 18/POJK.03/2014
policy that is formulated based on Bank Indonesia Regulations                                                     including crisis analysis scenarios (reverse stress             dated 18 November 2014 concerning the
(PBI), Financial Services Authority Regulations (POJK), Basel                                                     testing) that can occur to the Bank idiosyncratic               Implementation of Integrated Governance
                                                                                                                  and market-wide shock, recovery options and                     for Financial Conglomerates.
regulations, and international best practices. This policy is                                                     Recovery Plan disclosure.                                   7. OJK Regulation No. 26/POJK.03/2015 dated
reviewed regularly to anticipate changes in business conditions,                                                                                                                  11 December 2015 concerning the Obligation
regulations, and the Bank’s internal environment.                                                                 In 2024 Bank Mandiri has submitted a Resolution                 to Provide Integrated Minimum Capital for
                                                                                                                  Plan document to the Deposit Insurance                          Financial Conglomerates.
                                                                                                                  Corporation (LPS) as the resolution authority in            8. OJK Regulation No. 42/POJK.03/2015 dated
                                                                                                                  Indonesia. The Resolution Plan is a document                    23 December 2015 concerning the Obligation
                                                                                                                  containing information about the Bank, which                    to Fulfil the Liquidity Coverage Ratio for
        RISK MANAGEMENT IMPLEMENTATION                                                                            is in line with the Recovery Action Plan, as well               Commercial Banks which is refined by OJK
                                                                                                                  as an analysis of the resolution strategy which is              Regulation No. 19 year 2024 concerning
                                                                                                                  one of the considerations for LPS in handling or                Amendments to POJK No. 42/POJK.03/2015
                                                                                                                  resolving the Bank which is designated as a Bank                concerning the Obligation to Fulfil the Liquidity
The recovery of the global economy throughout           Bank Mandiri has internally conducted periodic            in Resolution. Banks are required to update the                 Coverage Ratio for Commercial Banks
2024 is still marked by various uncertainties, such     stress testing, both individually and at integrated       Resolution Plan every 2 (two) years if there is a           9. OJK Regulation No. 11/POJK.03/2016 dated
as the escalating conflict in the Middle East,          level with its subsidiaries, as a measure to anticipate   change in financial condition of more than 20% of               2 February 2016 concerning the Obligation
the ongoing Russia-Ukraine war, and the trend           the decline in macroeconomic stability based, on          total assets, total liabilities, and/or total equity as         to Provide Minimum Capital for Commercial
of declining benchmark interest rates in several        macroeconomic scenarios prepared by the Office            of the date of the financial statements contained               Banks, which is refined by OJK Regulation No.
countries. As a result, global economic growth          of Chief Economist. In addition to internal stress        in the previous Resolution Plan, as stipulated in LPS           34/POJK.03/2016 concerning Amendments
in 2024 is projected to be only 3.2%, which is the      testing, Bank Mandiri also participates in regulatory     Regulation No. 2 of 2024 concerning Resolution                  to POJK No. 11/POJK.03/2016 concerning the
same as the growth rate in 2023. These factors          Bottom-up Stress Testing on a regular basis, which        Plans for Commercial Banks.                                     Obligation to Provide Minimum Capital for
increase the risks that the Bank must address,          aims to obtain the Bank’s assessment of regional                                                                          Commercial Banks.
such as the potential rise in Non-Performing Loans      banking resilience on potential challenges                In implementing risk management, Bank Mandiri               10. OJK Regulation No. 38/POJK.03/2017 dated
(NPL), depreciation of the Rupiah against foreign       arising after pandemic recovery and hampered              strives to comply with and adheres to the prevailing            12 July 2017 concerning the Implementation
currency exposure, and tight banking liquidity.         economic growth due to the ongoing factors                laws and regulations in Indonesia such as:                      of Consolidated Risk Management for Banks
                                                        triggering uncertainty mentioned above.                                                                                   that Control Subsidiaries.
                                                                                                                  1. Law No. 4 year 2023 on Financial Sector                  11. OJK Regulation No. 50/POJK.03/2017 dated 17
                                                                                                                     Development and Strengthening.                               July 2017 concerning the Obligation to Fulfill
                                                                                                                  2. Regulation of the Minister of State-Owned                    the Net Stable Funding Ratio for Commercial
                                                                                                                     Enterprise concerning Guidelines for                         Banks Banks which is refined by OJK Regulation
                                                                                                                     Governance and Significant Corporate                         No. 20 year 2024 concerning Amendments to
                                                                                                                     Activities of State-Owned Enterprises.                       POJK No. 50/POJK.03/2017 concerning the
                                                                                                                                                                                  Obligation to Fulfil the Net Stable Funding Ratio.




PT BANK MANDIRI (PERSERO) TBK                         966                                                                                                               967                                      ANNUAL REPORT 2024
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RISK MANAGEMENT                                                                                                                                                                                       RISK MANAGEMENT




12. OJK Regulation No. 5 year 2024 dated 27 March         22. Bank Indonesia Circular Letter No. 9/31/           32. OJK Circular Letter No. 12/SEOJK.03/2018 dated       41. Decree of the Deputy for Finance and Risk
    2024 concerning Determining Supervision                   DPNP dated 12 December 2007 concerning                 21 August 2018 concerning the Application of             Management of the Ministry of State-Owned
    Status and Managing Commercial Bank Issues.               Guidelines for the Use of Internal Capital in          Risk Management and Risk Measurement of                  Enterprises No. SK-7/DKU.MBU/10/2023
13. OJK Regulation No. 12/POJK.03/2018 dated 8                the Calculation of Capital Adequacy Ratio              Standardized Approach to Interest Rate Risk              concerning Technical Instructions for Reporting
    August 2018 concerning the Implementation                 of Commercial Banks by Taking into Account             in Banking Book for Commercial Banks.                    Risk Management of State-Owned Enterprises.
    of Digital Banking Services by Commercial                 Market Risks.                                      33. OJK Circular Letter No. 6/SEOJK.03/2020 dated        42. Decree of the Deputy for Finance and Risk
    Banks as has been revoked and amended with            23. OJK Circular Letter No. 14/SEOJK.03/2015 dated         29 April 2020 concerning Calculation of Risk-            Management of the Ministry of State-Owned
    OJK Regulation No. 21 of 2023 on Commercial               25 May 2015 concerning the Implementation              Weighted Assets for Operational Risk using               Enterprises No. SK-8/DKU.MBU/10/2023
    Banks Digital Service.                                    of Integrated Risk Management for Financial            Standardized Approach for Commercial Banks.              concerning Technical Instructions for Risk
14. OJK Regulation No. 32/POJK.03/2018 dated 27               Conglomerates.                                     34. OJK Circular Letter No. 24/SEOJK.03/2021 dated           Maturity Index Assessment in State-Owned
    December 2018 concerning the Legal Lending            24. OJK Circular Letter No. 15/SEOJK.03/2015 dated         7 October 2021 concerning Guidelines for                 Enterprises.
    Limit and Large Exposures for Commercial                  25 May 2015 concerning the Implementation              Calculating Risk-Weighted Assets for Credit Risk     43. OJK Circular No. 11/SEOJK.01/2024 dated
    Banks.                                                    of Integrated Governance for Financial                 Using Standardized Approach for Commercial               2 October 2024 concerning Reporting and
15. OJK Regulation No. 11/POJK.03/ 2019 dated 28              Conglomerates.                                         Banks.                                                   Requesting Debtor Information through the
    March 2019 concerning the Prudential Principle        25. OJK Circular Letter No. 34/SEOJK.03/2016 dated     35. Bank Indonesia Circular Letter No. 9/31/                 Financial Information Services System.
    in Asset Securitization Activities for Commercial         1 September 2016 concerning the Application            DPNP dated 12 December 2007 concerning               44. OJK Circular Letter No. 16/SEOJK.03/2023
    Banks.                                                    of Risk Management for Commercial Banks.               Guidelines for the Use of Internal Capital in            dated 19 October 2023 concerning Guidelines
16. OJK Regulation No. 31/POJK.03/2019 dated              26. OJK Circular Letter No. 23/SEOJK.03/2022               the Calculation of Capital Adequacy Ratio                for Calculating Bank Exposure for Central
    2 December 2019 concerning the Obligation                 of 2022 on the Calculation of Weighted                 of Commercial Banks by Taking into Account               Counterparty.
    to Fulfill Gearing Ratio for Commercial Banks.            Assets according to Risk for Market Risk for           Market Risks
17. OJK Regulation No. 37/POJK.03/2019 dated                  Commercial Banks.                                  36. Deposit Insurance Corporation Regulation No.
    19 December 2019 concerning Transparency              27. OJK Circular Letter No. 24/SEOJK.03/2016               1 of 2021 dated 30 March 2021 concerning
    and Publication of Bank Statements.                       dated 14 July 2016 concerning Calculation              Resolution Plans for Commercial Banks as has
18. OJK Regulation No. 27 of 2022 dated 28                    of Risk-Weighted Assets for Operational Risk           been revoked and amended with the Deposit
    December 2022 concerning the Second                       Using Basic Indicator Approach.                        Insurance Corporation Regulation No. 2 of 2024
    Amendment to OJK Regulation No. 11/                   28. OJK Circular Letter No. 13/SEOJK.03/2017 dated         regarding the Resolution Plans for Commercial
    POJK.03/2016 concerning Minimum Capital                   17 March 2017 concerning the Implementation            Banks.
    Adequacy Requirement for Commercial Banks.                of Governance for Commercial Banks.                37. Deposit Insurance Corporation Circular Letter
19. OJK Regulation No. 17/POJK.03/2023 dated 14           29. OJK Circular Letter No. 14/SEOJK.03/2017               dated 25 October 2024 No. 3/ADK1/2025
    September 2023 concerning Implementation of               dated 17 March 2017 concerning Assessment              concerning Guidelines and Format for the
    Good Corporate Governance for Commercial                  of Commercial Bank Soundness Rating.                   Preparation and Submission, Revision, and
    Banks.                                                30. OJK Circular Letter No. 43/SEOJK.03/2017 dated         Updating of the Resolution Plan for Commercial
20. Bank Indonesia Regulation No. 23/17/PBI/2021              19 July 2017 concerning The Prudential Principle       Banks
    dated 17 December 2021 concerning the Third               and Reports in Implementing Consolidated           38. Deposit Insurance Corporation Regulation No.
    Amendment to Bank Indonesia Regulation No.                Risk Management for Banks that Control                 2 of 2024 dated 5 September 2024 concerning
    20/4/PBI/2018 concerning Macroprudential                  Subsidiaries.                                          Resolution Plans for Commercial Banks
    Intermediation Ratio and Macroprudential              31. OJK Circular Letter No. 48/SEOJK.03/2017 dated     39. Deposit Insurance Corporation Regulation No.
    Liquidity Buffer for Conventional Commercial              15 September 2017 concerning Guidelines                1 of 2021 dated 30 March 2021 concerning
    Banks, Sharia Commercial Banks, and Sharia                for Calculating Net Claims for Derivative              Resolution Plans for Commercial Banks.
    Business Units.                                           Transactions Calculation of Risk-Weighted          40. Decree of the Deputy for Finance and Risk
21. Bank Indonesia Regulation No. 24/16/PBI/2022              Assets for Credit Risk Using a Standardized            Management of the Ministry of State-Owned
    dated 31 October 2022 concerning the Fourth               Approach.                                              Enterprises No. SK-6/DKU.MBU/10/2023
    Amendment to Bank Indonesia Regulation No.                                                                       concerning Technical Instructions for the
    20/4/PBI/2018 concerning Macroprudential                                                                         Risk Management and Aggregation Process
    Intermediation Ratio and Macroprudential                                                                         in the State-Owned Enterprise Portfolio Risk
    Liquidity Buffer for Conventional Commercial                                                                     Taxonomy.
    Banks, Sharia Commercial Banks, and Sharia
    Business Units.



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BANK RISK MANAGEMENT                                                                                                                                                            BANK RISK MANAGEMENT POLICY

POLICY

                                                                                                               Risk Management Process                                 a. Risk identification
                                                                                                               The Company’s Risk Management process as                   Risk identification aims to determine the
                                                                                                               stipulated in the Risk Management Policy is as             types of risks inherent in each functional
                                                                                                               follows:                                                   activity that have the potential to harm
Bank Mandiri’s risk management framework is guided by a                                                                                                                   the Bank.
                                                                                                                                                                       b. Risk measurement
comprehensive policy designed in alignment with regulations                                                    1. Risk Management is carried out at all levels
                                                                                                                  of the Bank up to the operational level both            Risk measurement aims to determine the risk
from Bank Indonesia (PBI), the Financial Services Authority (POJK),                                               transactionally and at the portfolio level.             exposure inherent in the Bank’s activities to
Basel standards, and global best practices. This policy is regularly                                           2. Risk Management is carried out individually             be compared with the Bank’s risk appetite,
reviewed to adapt to evolving business dynamics, regulatory                                                       and at consolidated/integrated level with               hence the Bank can take risk mitigation
                                                                                                                  the Subsidiaries, while taking into account the         measures and determine capital to cover
updates, and internal developments. The cornerstone of this                                                       regulations and business characteristics of the         residual risk.
framework is the Risk Management Policy (KMNR), which outlines                                                    Subsidiaries.                                        c. Risk monitoring
the core principles and serves as the highest authority for risk                                               3. The Risk Management process is a dynamic                Risk monitoring aims to compare the set
                                                                                                                  process and is routinely compared to industry           risk limits with the risk exposure that is being
management at the Bank. KMNR acts as a reference point for                                                        best practices and applicable regulations to            managed.
developing procedures and guidelines, ensuring compliance                                                         be adjusted and updated when necessary.              d. Risk control
with applicable regulations and reinforcing a robust risk                                                      4. The implementation of Risk Management is                Risk control is carried out on the potential
                                                                                                                  carried out in a series consisting of:                  for the occurrence of overreach of the risk
management system.                                                                                                                                                        limit that has been set and can be tolerated
                                                                                                                                                                          by the Bank.



       RISK MANAGEMENT PRINCIPLES


                                                         5. Sustainable

                                                                                                               RISK MANAGEMENT FRAMEWORK
Bank Mandiri’s Risk Management Principles are
as follows:                                                 Risk control is developed continuously to better
1. Capital                                                  fit with existing business conditions and best
    Bank Mandiri provides capital according to the          practices.
    risk appetite and maintains the capital level in     6. Accountability
    accordance with prevailing regulations.                 Bank Mandiri implements policies and
2. Transparency                                             procedures to ensure management                    Bank Mandiri’s Risk Management Framework is structured within the Bank’s Risk Governance Structure,
    Bank Mandiri transparently conveys relevant             accountability to stakeholders.                    comprising three key components: Risk Oversight, Risk Policy and Management, and Risk Identification,
    information in the risk-taking process and the       7. Responsibility                                     Measurement, Mitigation, and Control. These elements are reinforced by the Audit Unit, as Independent
    risk-taking process itself.                             Bank Mandiri acts on the prudential principle      Assurance to ensure the effectiveness of implementation.
3. Independence                                             and in compliance with prevailing laws and
    The management of Bank Mandiri acts                     regulations.                                       In essence, the framework and governance of Bank Mandiri’s risk management can be summarized
    professionally and is free from the pressure and     8. Fairness                                           as follows:
    influence of other parties.                             Bank Mandiri pays attention to the interests of
4. Integrated                                               stakeholders based on the principle of equality
    Bank Mandiri applies Integrated Risk                    and fairness (equal treatment).
    Management to Financial Services
    Institutions that are members of the financial
    conglomerates of Bank Mandiri in accordance
    with regulatory provisions.




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                                                                                Risk Oversight
                                                                                                                                                             5. Requesting explanation and/or accountability                b. Supervise the Bank’s fulfillment in compiling,
                                                                                                                                                                 of the Board of Directors on Financing to                     updating, and/or improving the Resolution
             Integrated Governance
                   Committee
                                                              Risk Monitoring
                                                                Committee
                                                                                                            Audit Committee                                      certain large borrowers;                                      Plan to the Deposit Insurance Corporation;
                                                                                                                                                             6. Providing approval on the funding to related                c. Evaluate the Resolution Plan that has been
                                                                            Risk Policy Management
                                                                                                                                                                 parties;                                                      prepared by the Board of Directors;
                                                                                                                                                             7. Conducting active oversight, including, among               d. Supervise the implementation of plans
       Risk Management
           Committee
                                Asset & Liability
                                 Management
                                                           Integrated Risk
                                                             Committee
                                                                                            Credit Policy
                                                                                            Committee
                                                                                                              Policy & Procedure
                                                                                                                  Committee
                                                                                                                                         Internal Audit
                                                                                                                                                                 others, understanding the nature and level                    to overcome potential obstacles to the
                                  Committee
                                                                                                                                                                 of risks faced by the Bank, assessing the                     implementation of resolution options.
   • Credit Risk            • Liquidity Risk        •    Credit Risk                      Credit Risk         Policy Management
   • Market Risk            • Interest Rate Risk    •    Market Risk                                                                                             adequacy of the quality of risk management             11. Maintaining and monitoring the Bank’s
   • Operational Risk       • Forex Risk            •    Liquidity Risk
   • Legal Risk             • Pricing               •    Operational Risk                                                                                        and linking the risk level with capital adequacy           Soundness Rating and take the necessary
   • Reputation Risk          Management            •    Legal Risk
   • Strategic Risk         • Recovery Plan         •    Reputation Risk                                                                                         of the Bank;                                               measures to maintain and/or improve the
   • Compliance Risk                                •    Strategic Risk
   • Capital
     Management
                                                    •
                                                    •
                                                         Compliance Risk
                                                         Insurance Risk
                                                                                                                                                             8. Conducting active supervision related to anti-              Bank’s Soundness Rating;
   • Liquidity Risk                                 •
                                                    •
                                                         Intra-Group
                                                         Transaction Risk
                                                                                                                                                                 Fraud which at least includes the following:
                                                                                                                                                                 a. Development of anti-Fraud awareness                 To implement risk management as mandated by
                                                                                                                                                                     and culture in all levels of the organization,     the Ministry of SOEs, the Board of Commissioners
                                                            Risk Identification, Measurement,
                                                                    Mitigation, Control
                                                                                                                                                                     including anti-Fraud declarations and              is responsible for determining the Bank’s Risk
                                                                                                                                                                     adequate communication on behavior                 Classification based on the level of Risk Intensity.
                                                                                                                                     Independent Assurance
          Business Unit                                  Risk Units                                         Compliance
                                                                                                                                                                     categorized as Fraud;                              This assessment considers the Bank’s size and
                                                                                                                                                                 b. The signing of integrity pact by all                complexity dimensions, as proposed by the
                                                                                                                                                                     organizational ranks of the Bank;                  Board of Directors, in compliance with applicable
           Risk Taking                                  Risk Control                                        Compliance             Independent Assurance
                                                                                                                                                                 c. Preparation and supervision of the                  regulations.
                                                                                                                                                                     implementation of a code of conduct
                                                                                                                                                                     related to fraud prevention for all levels of      To implement Integrated Risk Management, the
                                                                                                                                                                     the organization;                                  Board of Commissioners is responsible to:
                                                                                                                                                                 d. Preparation and supervision of the                  1. Direct, approve, and evaluate Integrated Risk
Bank Mandiri’s Risk Governance Structure is                                                 the Business Unit and Compliance Unit, carries out                       implementation of an anti-Fraud strategy               Management policies;
developed based on four Risk Management Pillars                                             the functions of risk identification, measurement,                       as a whole;                                        2. Evaluate the implementation of Integrated Risk
as follows:                                                                                 mitigation, and control.                                             e. Development of the quality of human                     Management policies by the Board of Directors
                                                                                                                                                                     resources (HR), particularly those related to          of the Main Entity.
Board of Commissioners and Board                                                            The duties, responsibilities, and authorities of                         increasing awareness and control of Fraud;         3. Ensure the implementation of Integrated
of Directors Active Supervision                                                             the Board of Commissioners related to active                         f. Monitoring and evaluation of Frauds and                 Risk Management is in accordance with the
                                                                                            supervision in Risk Management activities include,                       determination of follow-up; and                        characteristics and complexity of the Financial
The risk management framework and governance                                                among others:                                                        g. Development of effective communication                  Conglomeration business.
at Bank Mandiri are structured to ensure                                                                                                                             channels for the Bank’s internal and
comprehensive oversight and execution. The                                                  1. Evaluating and approval of Risk Management                            external parties, hence all executives             The duties, responsibilities, and authorities of the
Board of Commissioners oversees risks through                                                  Policy;                                                               and employees of the Bank understand               Board of Directors related to Risk Management
the Audit Committee, Risk Monitoring Committee,                                             2. Evaluating the prepared-and-determined                                and comply with the applicable policies            activities include:
and Integrated Governance Committee. The                                                       strategies by the Board of Directors in managing                      and procedures, including policies and             1. Developing and proposing Risk Management
Board of Directors is responsible for risk policy                                              risks according to the regulatory taxonomy and                        procedures for fraud control.                         policies and strategies in writing and
and management, facilitated through risk-related                                               other risks such as country risk and cyber risk;              9. Providing approval, oversight and evaluation               comprehensively;
Executive Committees, including Management                                                  3. Evaluating the Board of Directors’ responsibility                 on the implementation of the Action Plan
Committee, Asset & Liability Management                                                        for the implementation of the Risk Management                     (Recovery Plan).
Committee, Integrated Risk Committee, Credit                                                   Policy;                                                       10. For Resolution Plan, the Board of Commissioners
Policy Committee, dan Policy & Procedure                                                    4. Evaluating and deciding the Board of Directors’                   shall:
Committee Capital & Subsidiaries Committee,                                                    application related to transactions that require                  a. Approve the Resolution Plan;
and Integrated Risk Committee. Operationally,                                                  the approval of the Board of Commissioners;
the Risk Management Unit, in collaboration with




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BANK RISK MANAGEMENT POLICY                                                                                                                                                                          BANK RISK MANAGEMENT POLICY




2. Responsible for the implementation of the Risk                11. Developing and implementing a Resolution                To implement Integrated Risk Management, the                Adequacy of Policies,
    Management Policy and risk exposure taken                        Plan which includes:                                    Board of Directors is responsible to:                       Procedures, and Limits Setting
    by the Bank as a whole;                                          a. Preparing, updating, and/or making                   1. Develop an Integrated Risk Management
3. Evaluating and deciding transactions that                             improvements to the Resolution Plan;                    Policy in writing and comprehensively;                  Bank Mandiri implements risk management guided
    require the approval of the Board of Directors;                  b. Ensuring the accuracy and completeness               2. Implement the established Integrated Risk                by its Risk Management Policy, which serves as
4. Developing a culture of Risk Management at                            of data, information, and/or documents in               Management Policy;                                      the primary framework for managing risks. For
    all levels;                                                          compiling, updating, and/or improving the           3. Develop a risk culture as part of the implementation     specific business areas such as credit, treasury,
5. The active supervision of the Board of Directors                      Resolution Plan, which is submitted to the              of Integrated Risk Management in Financial              and operations, the Bank has detailed policies and
    related to anti-Fraud is the same as that of                         Deposit Insurance Corporation;                          Conglomerates;                                          procedures that define limits for activities at both
    the Board of Commissioners as stated in the                      c. Submitting a Resolution Plan to the Board            4. Ensure the effectiveness of human resource               the portfolio and transactional levels. These policies
    duties and responsibilities of the Board of                          of Commissioners and Shareholders at                    management which includes the competence,               and procedures are integrated into every aspect
    Commissioners;                                                       the General Meeting of Shareholders for                 qualifications, and adequacy of human                   of the Bank’s operations, evaluated, and updated
6. Ensuring the improvement of human resource                            approval;                                               resources in the Main Entity to carry out the           annually. In line with SEOJK 34/SEOJK.03/2016
    competencies related to Risk Management;                         d. Submitting a Resolution Plan, updating                   Integrated Risk Management function;                    on the Implementation of Risk Management
7. Ensuring that the Risk Management function                            and/or improving the Resolution Plan                5. Ensure that the implementation of Integrated             for Commercial Banks, the Bank’s policies and
    has operated independently;                                          to the Deposit Insurance Corporation in                 Risk Management has been carried out                    procedures are based on a Risk Management
8. Conducting periodic reviews to ensure;                                accordance with the predetermined time                  independently;                                          Strategy by taking into account the level of risk to
    a. Accuracy of risk assessment methodology;                          limit;                                              6. Periodically evaluate the results of the                 be taken (Risk Appetite). Risk Appetite represents
    b. Adequacy of Risk Management information                       e. Implementing plans to overcome potential                 Integrated Risk Management Unit review of               the type and level of risk the Bank is willing and
         system implementation;                                          obstacles to the implementation of                      the Integrated Risk Management process;                 able to take, within its risk capacity, to achieve
    c. Accuracy of Risk Management policies and                          resolution options.                                 7. Ensure the implementation of Integrated                  or exceed its business objectives.
         procedures, as well as setting risk limit and/          12. Maintaining and monitoring the Bank’s                       Risk Management in accordance with the
         risk threshold.                                             Soundness Rating and take the necessary                     characteristics and complexity of the Financial         Bank Mandiri’s Risk Appetite is manifested through
9. Conducting active supervision includes,                           measures to maintain and/or improve the                     Conglomerates business.                                 the Risk Appetite Framework which is a strategic
    among others, understanding the nature and                       Bank’s Soundness Rating;                                                                                            decision-making that describes Bank Mandiri’s risk
    level of risks faced by the Bank, assessing the              13. Implementing other Risk Management functions            To enhance the effectiveness of supervisory                 strategy. Risk Appetite is reflected in the Bank’s
    adequacy of the quality of risk management,                      in accordance with laws and regulations,                duties and responsibilities in implementing Risk            business strategy and objectives.
    and linking the risk level with capital adequacy                 articles of association, and/or decisions of            Management, the Board of Commissioners and
    of the Bank;                                                     the General Meeting of Shareholders (RUPS)/             the Board of Directors may establish committees in          Risk appetite is articulated through a Risk Appetite
10. Developing and implementing the Bank’s                           Minister of State-owned Enterprises (SOEs).             accordance with applicable regulatory provisions.           Statement (RAS), which is a formal guideline in the
    Recovery Plan, which includes:                                                                                                                                                       risk-taking process to achieve business targets.
    a. Developing a realistic and comprehensive                  To comply with risk management regulations set              Bank Mandiri’s risk management organization                 RAS is pivotal because it will provide clear and
         Recovery Plan;                                          by the Ministry of SOEs, the Board of Directors is          consists of:                                                consistent direction to all levels of Bank Mandiri
    b. S u b m i t t i n g t h e R e c o v e r y P l a n t o     responsible for classifying subsidiary company risks        1. Board of Commissioners                                   on the Bank’s risk-taking ability.
         shareholders at the GMS for approval;                   based on the level of risk intensity. This classification   2. Committee under the Board Commissioners
    c. Communicating the Recovery Plan to all                    considers the dimensions of size and complexity in          3. Board of Directors
         ranks or levels of the Bank’s organization;             alignment with applicable regulations.                      4. Committee under the Board of Directors
    d. Evaluating and testing (Stress Testing) the                                                                           5. Director in charge of Risk Management
         Action Plan (Recovery Plan) periodically;                                                                              function;
         and                                                                                                                 6. Risk Management Unit (SKMR);
    e. Implementing the Recovery Plan effectively                                                                            7. Operational Unit (risk-taking unit);
         and in a timely manner.                                                                                             8. Internal Audit Unit (SKAI);
                                                                                                                             9. Compliance Unit.

                                                                                                                             The Risk Management Unit (SKMR), the Internal
                                                                                                                             Audit Unit (SKAI) and the Compliance Unit
                                                                                                                             concurrently serve as an Integrated Unit.




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INTEGRATED RISK MANAGEMENT IMPLEMENTATION                                                                                                                    INTEGRATED RISK MANAGEMENT IMPLEMENTATION




Adequacy of Risk Identification, Measurement, Monitoring, and Control                                      The implementation of Consolidated/Integrated            2. The Consolidated Risk Profile, which is
Processes, as well as Risk Management Information Systems                                                  Risk Management is in line with integrated risk             performed on 8 (eight) risks (Credit, Market,
                                                                                                           management principles, business characteristics             Liquidity, Operational, Legal, Strategic,
Bank Mandiri conducts Risk Identification, Measurement, Monitoring, and Control processes, as well         of subsidiaries, and regulations. The subsidiaries          Compliance, and Reputation Risk). During 2024,
as operates its Risk Management Information System, through the Enterprise Risk Management (ERM)           of Bank Mandiri include Bank Syariah Indonesia,             Bank Mandiri has reported the Consolidated
framework. The ERM implementation at Bank Mandiri employs a two-pronged approach to ensure that            Bank Mandiri Taspen, Bank Mandiri (Europe) Ltd,             Risk Profile for the position of 31 December 2023
risks are not only well mitigated through daily business processes, but also in unexpected conditions      Mandiri Tunas Finance, Mandiri Utama Finance,               and 31 March, 30 June, and 30 September 2024
(downturns) through capital reserves.                                                                      AXA Mandiri Financial Services, Mandiri Inhealth,           to the Regulator in a timely manner.
                                                                                                           Mandiri Sekuritas, Mandiri Capital Indonesia and
Internal Control System                                                                                    Mandiri International Remittance. However,               3. The Integrated Risk Profile, which is performed
                                                                                                           Mandiri Inhealth has no longer been a member                on 10 (ten) risks (8 types of risks that are stated
Bank Mandiri implements an Internal Control System for its Risk Management function through the Three      of Mandiri Group Financial Conglomerates since              in point 2 plus Intra-Group Transaction and
Lines Model, where responsibilities are shared among the first, second, and third lines of defense.        9 October 2024.                                             Insurance Risks). During 2024, Bank Mandiri
                                                                                                                                                                       has reported the Integrated Risk Profile for the
The Internal Audit Unit, as the third line, conducts assurance and consulting activities to evaluate the   As an active supervision of the Main Entity                 position of 31 December 2023 and 30 June 2024
adequacy of the Bank’s internal control system, risk management, and governance processes, in              towards the implementation of Consolidated and              to the Regulator in a timely manner.
compliance with applicable laws, regulations, and Bank policies.                                           Integrated Risk Management, Bank Mandiri has
                                                                                                           established the Integrated Risk Committee (IRC),         To support the assessment and reporting process,
                                                                                                           consisting of the Board of Directors and Executives      Bank Mandiri has been using integrated risk
                                                                                                           of the Bank with the Board of Directors and/or           management information system, namely Risk


INTEGRATED RISK MANAGEMENT
                                                                                                           Executives of Subsidiaries as well as the Integrated     Assessment Consolidation Generator (RACER)
                                                                                                           Risk Management Unit (SKMRT), which is directly          System.
                                                                                                           responsible to the Director of Risk Management.


IMPLEMENTATION
                                                                                                                                                                    The assessment of Consolidated/Integrated Risk
                                                                                                           Bank Mandiri actively conducts integrated                Profile and Consolidated Bank Soundness Level are
                                                                                                           identification, measurement, monitoring, and             recommended by the Integrated Risk Committee
                                                                                                           control of Mandiri Group (self-assessment) risk          (IRC) and the approval are provided by the Risk
                                                                                                           exposures by reporting this following assessment:        Management & Credit Policy Committee (RMPC)
                                                                                                                                                                    Category A. The assessment of the Consolidated/
                                                                                                           1. The Consolidated Bank Soundness Level with            Integrated Risk Profile and Consolidated RBBR,
                                                                                                              risk-based approach/Risk-Based Bank Rating            which have been approved by the RMPC are then
Bank Mandiri has been implementing consolidated/integrated risk                                               (RBBR), with the assessment scope covering            reported to the Regulator and to the Integrated
management since 2008, inline with the issuance of Bank Indonesia                                             the following factors: Risk Profile, Integrated       Good Corporate Governance Committee.
Regulation No. 8/6/PBI/2006 on the Implementation of Consolidated Risk                                        Good Corporate Governance, Earnings and
                                                                                                              Capital, at consolidated level. During 2024,
Management for Banks that Control Subsidiaries. In its development, the
                                                                                                              Bank Mandiri has reported Consolidated
regulation was replaced by Financial Services Authority Regulation No. 38/                                    Bank Soundness Level for the position of 31
POJK.03/2017 on the Implementation of Consolidated Risk Management                                            December 2023 and 30 June 2024 to the
for Banks that Control Subsidiaries. In addition, Bank Mandiri has also                                       Regulator in a timely manner.
been implementing integrated risk in accordance with Financial Services
Authority Regulation No. 17/POJK.03/2014 on the Implementation
of Integrated Risk Management for Financial Conglomerates. In the
implementation of integrated risk management, Bank Mandiri is also guided
by the Integrated Good Corporate Governance Guidelines, which comply
with Financial Services Authority Regulation No. 18/POJK.03/2014 on the
Implementation of Integrated Good Corporate Governance for Financial
Conglomerates.




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BUILDING RISK AWARENESS                                                                                                       RISK AWARENESS PROGRAM
CULTURE

                                                                                                          The foundation of effective risk management                             In 2024, alignment initiative on risk awareness
                                                                                                          lies in building a strong risk culture and fostering                    program bank-wide was carried out in
                                                                                                          continuous learning. To enhance risk awareness                          order for the programs to be delivered to all
                                                                                                          culture, particularly on operational risks among                        employees effectively according to regulatory
To realize its vision of being “Your Preferred Financial Partner,”                                        employees, Bank Mandiri has introduced flagship                         compliance and eventually could minimize the
Bank Mandiri fosters a risk-awareness culture across all                                                  programs such as Operational Risk Awareness                             Bank operational loss. This initiative is including
                                                                                                          (OPERA), including Cyber Risk Awareness, Fraud                          standardization of program delivery, media or
operational and business activities, ensuring potential risks are                                         Awareness, Security Awareness, Compliance                               channel, and audience target.
mitigated to safeguard business continuity. This culture is instilled                                     Awareness, and Business Continuity Awareness.                           In general, risk awareness program is divided into
at all levels, from top management to junior staff. The Board                                             These programs aim to strengthen employees’                             two categories based on the dimension of:
                                                                                                          understanding and improve the effectiveness of                          1. Buzz
of Directors and Board of Commissioners have established a                                                operational risk management across all levels of                            Buzz is term for risk awareness program which
Risk Appetite Statement (RAS), defining the risk levels the Bank                                          the organization. These awareness programs are                              is delivered one-way and doesn’t need any
is prepared to tolerate. RAS indicates the Bank’s risk tolerance                                          conducted regularly and comprehensively for                                 feedback from employee, such as poster, toon,
                                                                                                          bank wide, including subsidiaries and overseas                              video, etc.
capacity and is developed to help the Bank achieve its business                                           branches. The programs are designed with a                              2. School
objectives. RAS informs business decision-making, and its                                                 thematic and adaptive approach, allowing them                               School is term for risk awareness which is
implementation is intensively monitored.                                                                  to address emerging risk trends effectively. This                           delivered two-way and need feedback or
                                                                                                          includes responding to heightened existing risks                            response from employee, such as survey and
                                                                                                          and identifying potential new risks such as Cyber                           e-learning.
                                                                                                          Resilience & Data Security, significant internal
                                                                                                          and external events, updates on operational risks,
The Bank integrates risk-awareness into product       workplace. Every employee is expected to pursue     global top risks, Control Testing results, and so forth.
and technology development by adhering to             business growth while carefully considering risk.   This proactive approach ensures that Bank Mandiri
its Risk Management System. Before launching          Employees are encouraged to drive sustainable       remains resilient and well-prepared in an evolving
or implementing any product or service, risk          growth with a focus on risk awareness to ensure     risk landscape.
assessments and mitigation measures are               long-term resilience.
thoroughly evaluated. This approach is also
reflected in the Bank’s internal policies and         Effective communication strategies play a vital     No. Buzz Program                                                                Frequency               Coverage
technical guidelines, ensuring a consistent focus     role in building risk-awareness. Bank Mandiri
                                                                                                          1      Toon                                                                      Monthly     • Employees of Bank Mandiri
on sustainability.                                    employs a variety of adaptive and sustainable              Short cartoon character comics with light and contemporary                              Regional and Head Office
                                                      communication channels to reach all employees.             daily content.                                                                        • Employees of Bank Mandiri
A strong risk-awareness culture requires the          These channels are used comprehensively to                                                                                                         Overseas Branch
support of the entire organization. Bank Mandiri      cultivate a culture of risk-awareness within an     2      Poster                                                                    Monthly     • Employees of Bank Mandiri
integrates this risk-awareness into its corporate     open, efficient, and effective risk management             A one-page poster contains quotes/sentences inviting                                    Regional and Head Office
culture internalization program. The AKHLAK core      framework.                                                 employees to be aware of risks.                                                       • Employees of Bank Mandiri
                                                                                                                                                                                                         Overseas Branch
values, as Bank Mandiri’s foundation, are applied
to ensure they become a daily attitude in the                                                             3      Infographics                                                              Bimonthly   • Employees of Bank Mandiri
                                                                                                                 Articles/infographics contain a comprehensive explanation                               Regional and Head Office
                                                                                                                 of risk issues and tips & tricks.                                                     • Employees of Bank Mandiri
                                                                                                                                                                                                         Overseas Branch
                                                                                                          4      Video                                                                      Adhoc      All Bank Mandiri employees
                                                                                                                 Short videos that raise issues or trends in a risk and its mitigation.
                                                                                                          5      Modul                                                                      Adhoc      All Bank Mandiri employees
                                                                                                                 Material contains a risk management framework as an
                                                                                                                 employee guideline (handbook).




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BANK RISK MANAGEMENT                                                                                                                                                                                                 BANK RISK MANAGEMENT




                                                                                                                                     In the application of the two-prong approach,              2. Policies and Procedures
No.                        School Program                                Frequency                          Coverage                 there are 4 (four) main components that function
1     Forum                                                             Quarterly            Organic employees                       as supporting pillars, including:                            The Risk Management Policy (KMNR) is set as
      Broadcasts/forums/workshops that discuss issues/trends                                                                                                                                      the main guidelines on the implementation of
      around risk and mitigation.
                                                                                                                                     1. Organization & Human Capital                              risk management at the operational level and
2     Survei                                                            Monthly              Employees of Bank Mandiri Regional                                                                   the capital management at the Bank covering:
      Survey/checklist contains short questions to employees                                 and Head Office
      through Ms. Form                                                                       Employees of Bank Mandiri                  The Risk Management Unit (SKMR) at Bank                   a. Prudential Principle, which entails capital
                                                                                             Overseas Branch                            Mandiri is responsible for managing all risks faced            adequacy, fulfillment of prevailing laws and
3     E-learning                                                        Annually                                                        by Bank Mandiri, including the development                     regulations, and an early warning system.
                                                                                             Organic employees
      Learning to employees contains material with post                                                                                 of supporting tools required in business and risk         b. Risk Management, which entails Risk
      tests.                                                                                                                            management. Moreover, there is a work unit                     Appetite, Risk Profile, Bank Soundness
                                                                                                                                        acting as a risk counterpart of every business                 Rating, Stress Testing, Recovery Plan, and
The Risk Awareness programs help employees to understand the importance of operational risk                                             unit in the four-eye process of lending. Realizing             Resolution Plan, as well as Integrated Risk
management, thereby improving its effectiveness and efficiency.                                                                         that risk management is the responsibility of all              Management.
                                                                                                                                        work units at Bank Mandiri, the success of risk           c. Risk Management for each type of risks,
                                                                                                                                        management is determined by risk awareness                     which entails processes of risk identification,
                                                                                                                                        in all Bank Mandiri work units accompanied                     measurement, oversight, and control.
                                                                                                                                        by adequate technical capabilities. As such,              d. Risk Oversight, which entails monitoring


BANK RISK MANAGEMENT
                                                                                                                                        Bank Mandiri always improves the capabilities                  of activities/ methodologies of risk
                                                                                                                                        and knowledge of all employees, particularly                   management at Bank Mandiri, and the
                                                                                                                                        in terms of risk management, by organizing                     Internal Control System.
                                                                                                                                        regular internal training through the Risk
                                                                                                                                        Management Academy or through the use                     This Risk Management Policy is the basis for
To maximize shareholder value, Bank Mandiri                     achieving the objectives outlined in the Corporate                      of expatriates in the area of risk management,            making procedures and technical guidelines
implements an integrated risk management                        Plan. At Bank Mandiri, ERM is applied using a                           hence there is a transfer of knowledge to Bank            concerning risk management at Bank Mandiri.
approach through the Enterprise Risk Management                 two-pronged approach: managing risks through                            Mandiri employees. Bank Mandiri also regularly
(ERM) framework. This framework connects                        capital allocation and managing risks through                           holds socialization at least once a year,               3. System & Data
strategic planning, risk appetite, execution, risk              operational activities, as depicted in the following                    discussion forums, internships, and programs
assessment, and performance evaluation into a                   diagram.                                                                on risk management that are in line with the              The risk management system is developed
cohesive process. The goal is to deliver added                                                                                          internalization of corporate culture.                     to support more efficient business processes
value for the Bank and its shareholders while                                                                                                                                                     so that decision-making is faster yet prudent.
                                                                                                                                        The Risk Management structure at Bank                     To maintain integrity and data quality, Bank
                                                                                                                                        Mandiri consists of the Risk Management                   Mandiri has adopted an Integrated Processing
                                                                                    Bussiness Process
                                                                                                                                        Directorate in charge of Independent Risk                 System and a Loan Origination System to
                                                                                                                                        Management and Credit Approval Risk units                 increase the efficiency of credit processes
                                                                                                                                        comprising Wholesale Risk and Retail Risk. The            and maintain data quality in the Corporate,
                             Managing Risk                Front End                    Middle End                      Back End         Risk Management Directorate is led by the                 Commercial, and Retail segments. To increase
                           Through Operation
                                                                                                                                        Director of Risk Management assisted by SEVP              collection productivity level particularly in
                                                                                                                                        of Wholesale Risk.                                        the Consumer and Retail segments, the Bank
                                                                   Risk Mangement through daily business operations
                                                                                                                                                                                                  adopts an Integrated Collection System.
 Two-Prong
                                                                                                                                                                                                  Bank Mandiri utilizes Summit System and New
 Approach                                                                                                                                                                                         Treasury Core System (NTCS) to manage risks
                                                                            Capital Management & Planning                                                                                         in the trading book and Fundamental Review
                                                                                                                                                                                                  of the Trading Book (FRTB) and Ambit Focus
                                                                                                                                                                                                  System to manage banking book risks in the
                             Managing Risk
                            Through Capital                                Regulatory Capital, Stress Test                                                                                        activities of treasury and assets & liabilities
                                                                                                                                                                                                  management.

                                                          Capital as buffer for unexpected loss; capital as risk-return allocation




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                                                                                                                                                  TYPES OF RISKS AND ITS           TYPES OF RISKS AND ITS MITIGATIONS

                                                                                                                                                           MITIGATIONS

   To assess the Risk Profile and the Soundness                 model initiation, model development,           Bank Mandiri manages 10 (ten)          the Credit Approval Authority,        Standard Procedures (SPK) and
   Level of Mandiri Group at individual and                     model validation, model implementation,        types of risks in an integrated        following the four-eyes principle,    Product Manuals, ensuring an
   consolidated/integrated levels, the Bank                     model use and model monitoring.                manner:                                which involves independent            end-to-end risk management
   has adopted a web-based tool called Risk                  b. Model Risk Assessment                          1. Credit Risk                         evaluations by the Business Unit      process.
   Assessment Consolidation Generator System                    An assessment of the level of risk of the      2. Market Risk                         and Credit Risk Management
   (RACER) so that the risk assessment processes                models based on quantifiable observations      3. Liquidity Risk                      Unit.                                 At the borrower level, credit
   are more effective, efficient, accurate, and                 about the materiality and complexity of        4. Operational Risk                                                          concentration risk is managed
   accountable and that the authorized access                   the models.                                    5. Legal Risk                          Following the credit disbursement     by monitoring the Legal Lending
   to the system is maintained.                              c. Model Control                                  6. Reputation Risk                     process, regular monitoring           Limit (LLL), and the application
                                                                The process of monitoring of models            7. Strategic Risk                      using early warning signals is        of Management Limits for large
4. Methods/Model & Analytics                                    and control over models constitutes a          8. Compliance Risk                     carried out to detect potential       business groups. In general,
                                                                continuous assessment. The control process     9. Intra-Group Transaction Risk        non-performing borrowers,             credit processes and risk
   Bank Mandiri has continuously implemented a                  is done by validating models based on          10. Insurance Risk                     enabling the Bank to prepare          management are carried out
   risk measurement that adheres to international               first-time validation or ongoing validation.                                          appropriate action plans,             end-to-end and integrated
   best practices by using quantitative and                     The first-time validation is validation        CREDIT RISK                            including collection, recovery,       across the Business Unit, Credit
   qualitative methods and developing risk                      conducted for the first time after the         MANAGEMENT                             and restructuring efforts.            Operation Unit, and Credit Risk
   models such as rating, scoring, Value at Risk                model development process takes place                                                                                       Management Unit.
   (VaR), portfolio management, stress testing,                 to ensure that the developed models            Bank Mandiri manages and               For the Retail segment, which
   and others as support for judgmental decision-               adhere to academic requirements, best          mitigates credit risk at every stage   targets the mass market, credit       The Bank regularly reviews and
   making.                                                      practices, and regulatory requirements. The    of the lending process. In the         processes are more automated.         updates its credit policies in
                                                                ongoing validation is validation conducted     Wholesale segment, the credit          A credit risk scorecard, aligned      general, credit for segment-
   Periodically, available models are validated by              periodically to ensure the performance of      risk management process begins         with the Risk Acceptance Criteria     specific procedures, and
   an independent Unit Model Validator to ensure                models.                                        with determining the target            of each product, processes            risk management tools.
   the quality and validity of such models. These                                                              market, guided by the Loan             loans through an automated            These guidelines provide
   risk models are managed through a model               With the adoption of the model management             Portfolio Guideline. This guideline    workflow system (Loan Factory).       comprehensive credit risk
   risk management framework inherent in the             framework, there is a segregation of duties           classifies industrial sectors into     Monitoring is performed at the        management instructions for
   function of the Model Governance Guiding              between the first line (model owner, model            categories (attractive, neutral,       portfolio level through Portfolio     identifying, measuring, and
   Unit. The management of model risk is done            developer, and model user), the second line           selective, restrictive) based on       Quality Reviews, followed by          mitigating credit risk in the
   to ensure control over every component in the         (model validator and model management guiding         sector outlook and portfolio           collection and recovery process       end-to-end credit process
   model used in business processes and decision-        unit), and the third line (Internal Audit) based on   quality. Industry Limits are also      for non-performing portfolios.        starting from determining the
   making. This model management framework               three-line models.                                    established to minimize credit risk                                          target market, credit analysis,
   includes:                                                                                                   concentration in specific sectors.     To anticipate macroeconomic           approval, documentation,
   a. Model Inventory                                    Bank Mandiri also continues to implement Basel                                               uncertainties, a what-if              credit withdrawal, monitoring/
       Through the model inventory, an inventory         II, III, and ERM in compliance with the Financial     To identify qualified pipelines,       analysis of wholesale and retail      supervision, to the process of
       of the existing models is carried out at Bank     Services Authority and the BCBS (Basel Committee      a pre-approval process is              portfolios is carried out through     resolving/ restructuring non-
       Mandiri. This model inventory includes            on Banking Supervision) as well as the best           conducted using credit risk            a process of stress testing and       performing loans.
       information related to the model including        practices, which cover Credit Risk, Market Risk,      tools. This involves a Clearance       sensitivity analysis using certain
       a description of the model’s statistical          Liquidity Risk, Interest Rate Risk on Banking Book    process that includes an initial       macroeconomic scenarios.              To enhance its social role and
       results, the purpose of using the model,          Position, Operational Risk, Capital Management,       analysis of potential customers                                              commitment to addressing
       model owner, model developer, model               and Internal Capital Adequacy Assessment              based on their reputation,             In all lending activities, Bank       environmental risks, Bank Mandiri
       user, validation results, and model-related       Process (ICAAP), as well as Stress Testing and        business operations, and               Mandiri prioritizes prudence          has embedded Environmental,
       documentation. In addition, in the model          Recovery Plan.                                        financial condition. A credit risk     by employing credit analysis          Social, and Governance (ESG)
       inventory system, we will be able to identify                                                           assessment is then performed, by       through independent business          considerations into its Industry
       if a model is in a certain model cycle                                                                  taking into account factors such       units and credit risk units. Credit   Acceptance Criteria Technical
       according to the Model Lifecycle, including                                                             as ratings, financial conditions,      management is governed                Guidelines. These guidelines are
                                                                                                               analysis, and borrower potential,      by the Credit Policy (KPKD),          used to evaluate and select
                                                                                                               etc. The final decision is made by     operationalized through Credit        prospective debtors who meet




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qualification standards and have implemented             MARKET RISK MANAGEMENT                                   Management and Mechanism of Market Risk Measurement – Trading Book
ESG principles in their business operations. This
initiative aligns with Financial Services Authority      Market risk management at Bank Mandiri is                Trading book market risk refers to the risk arising from potential losses due to activities involving trading
Regulation No. 40/POJK.03/2019 on Asset                  conducted by an independent unit following the           book instruments, encompassing interest rate risk, credit spread risk, equity risk, and exchange rate risk,
Quality Assessment for Commercial Banks, which           principle of segregation of duties, ensuring a clear     which can impact the Bank’s profitability. Bank Mandiri manages market risk by adhering to the principle
mandates that the evaluation of a debtor’s               separation of functions and responsibilities among       of segregation of duties, ensuring a clear separation of functions and responsibilities in treasury unit trade
business prospects must include their efforts in         the front office, middle office, and back office. The    transactions, which consist of:
environmental preservation. Furthermore, Bank            Market Risk Management Organization is divided
Mandiri has developed a Sustainable Finance              into two sections; Market Risk Management –
Action Plan to strengthen its environmental              Trading Book, and Market Risk Management –                                                        Segregation of Duties Principle
stewardship. This plan is in accordance with             Banking Book.
the Financial Services Authority Regulation on
the Implementation of Sustainable Finance for            The framework for and governance of market risk
Financial Service Institutions, Issuers, and Public      management at Bank Mandiri consist of:
Companies, reaffirming the Bank’s commitment to          1. The Board of Commissioners, who are
                                                                                                                                                                                                             Unit Back Office
fostering sustainability and responsible governance         responsible for market risk oversight through                                                       Unit Middle Office                        (Treasury Operation)
practices.                                                  the Risk Monitoring Committee, Integrated                                                          (Risk Management)
                                                                                                                             Unit Front Office                                                             Record and evaluate all
                                                            Governance Committee, and Audit                                                                  Monitor, assess, and repost                  exposures to daily trading
                                                                                                                                (Treasury)
In principle, credit risk management at Bank                Committee.                                                                                       risks arising from all trading             activities using market prices
                                                                                                                                                                activities carried out by                from independent sources
Mandiri is implemented both at the transactional         2. Directors, who are responsible for the risk policy             Executing Transactions
                                                                                                                                                                  the front office unit
and portfolio levels. At the transactional level,           function through the Executive Committee
the Bank applies a four-eyes principle, ensuring            with respect to market risk management
that every credit approval involves independent             and recovery plan, the Assets & Liabilities
evaluations by the Business Unit and the Credit Risk        Management Committee, Risk Management
Management Unit to achieve objective decision-              Committee.
making. This process is executed through the Credit      3. Risk Management Unit together with the
Committee, adhering to the established authority            business units and compliance unit, who
limits, with credit approvals determined through            perform risk identification, risk calculation, risk
the Credit Committee Meeting mechanism.                     monitoring, and risk control.                         The measurement of trading book risk is conducted in accordance with regulatory requirements and
                                                                                                                  several internal indicators, including Value at Risk (VaR), sensitivity simulations, and stress testing. Risk
Credit risks from borrowers and products are             Bank Mandiri’s Risk Management Framework                 monitoring is carried out by applying various types of limits on treasury activities. These limits are set in
accounted for through impairment loss provisions         is designed by considering both internal and             a tiered manner, from the dealer level to the bank-wide level, to ensure that trading exposure remains
under PSAK 71, effective since 1 January 2020.           external factors, including but not limited to the       consistent with the risk appetite established by management.
These provisions are monitored through the cost          Bank’s business dynamics, regulatory requirements,
of credit indicator.                                     advancements in methodologies and best
                                                         practices, as well as risk data. The authority and       Management and Mechanism of Market Risk Measurement – Banking Book
                                                         responsibilities for implementing risk management
                                                         are defined in the Risk Management Policy (RMP).         Banking book market risk refers to the risk arising from changes in interest rates and exchange rates
                                                         Specific guidelines for managing market risk in          related to banking book activities, which can impact the Bank’s profitability (earnings perspective)
                                                         the trading book and banking book portfolios are         and the economic value of its capital (economic value perspective). Bank Mandiri manages this risk
                                                         detailed in the Standard Procedure of Treasury           by optimizing its balance sheet structure to achieve maximum returns within an acceptable risk level.
                                                         (SPT) and Standard Asset & Liability Procedure           Management also involves setting limits aligned with internal policies and prevailing laws and regulations,
                                                         Management (SP ALM).                                     which are periodically monitored by the relevant work units.




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LIQUIDITY RISK MANAGEMENT                                   2. Measurement, to measure liquidity risk, which         4. Monitor external indicators such as Jakarta           In addition, Bank Mandiri has liquidity reserves,
                                                               is done using 2 (two) approaches, namely (1)             Interbank Offered Rate (JIBOR), USD Interbank,        which serve as a liquid asset above minimum
Liquidity risk arises from the Bank’s inability to meet        Nominal Stock-Based (Liquidity Ratio) which              Rupiah interest rate, yield from SUN and UST          statutory reserves that are used to meet
its due obligations through cash flow financing                entails the use of various financial ratios as an        with a 10-year tenor, Outstanding IDR banking         unscheduled liquidity needs. In managing its
and/or high-quality liquid collateral assets without           indicator of the level of liquidity risk and (2)         liquidity, USD/IDR exchange rate, credit spread       liquidity reserves, Bank Mandiri sets a limitation in
causing disruption to the Bank’s operations and                Flow-Based (Liquidity Gap Analysis).                     of default swaps (CDS), Composite Stock               the form of safety level, which is a projection of
financial condition.                                        3. Monitoring, which is conducted using a limit             Price Index (CSPI), as well as current market         liquidity reserves for the next 1 (one) month. As of
                                                               system to monitor the indicators of liquidity risk.      information. This monitoring aims to increase         December 2024, the Bank’s liquidity reserves were
Liquidity risk can be divided into two categories:          4. Control, which is an activity that aims to               awareness of less stable economic conditions,         above the safety level.
1. Funding Liquidity Risk, which is a risk caused              minimize the impact of liquidity risk by                 either due to a global crisis or various domestic
   by the Bank’s inability to liquidate its assets             considering the level of income earned.                  issues.                                               RISK OPERATIONAL
   or secure funding from other sources. The                                                                                                                                  MANAGEMENT
   inability to secure cash flow financing that             Tools and Method                                         Liquidity Adequacy Ratio
   causes liquidity risk can be explained by (1)                                                                                                                              Operational risk arises from inadequacies and/or
   the Bank’s inability to generate cash flow from          Bank Mandiri manages liquidity risk by measuring         Bank Mandiri’s liquidity adequacy can be identified      failures in internal processes, human errors, system
   productive assets or asset liquidation including         the liquidity risk using some indicators, such as        through Liquidity Coverage Ratio, Net Stable             malfunctions, and/or external events that impact
   liquid assets; and/or (2) the Bank’s inability to        primary reserve ratio (minimum statutory reserves        Funding Ratio, Macroprudential Intermediation            the Bank’s operations, including risks related to
   generate cash flow from funding, interbank               and Cash ratio), secondary reserve (liquidity            Ratio (MIR), and Liquidity Reserves. The Liquidity       cyber security. Operational risks can lead the
   transactions, and received loans.                        reserves), Macroprudential Intermediation Ratio          Coverage Ratio (LCR) is a ratio of High-Quality          emergence of other risks, such as reputational
                                                            (MIR), Liquidity Coverage Ratio (LCR), and Net           Liquid Assets (HQLA) to the estimated net cash           risk, strategic risk, legal risk, market risk, credit
2. Market Liquidity Risk, which is a risk caused by         Stable Funding Ratio (NSFR).                             outflow within the next 30 (thirty) days in a crisis     risk, compliance risk, and liquidity risk. Effective
   the Bank’s inability to close out certain positions                                                               scenario. The LCR aims to improve the short-term         and consistent management of operational risk
   at a market price due to inadequate market               To manage liquidity risk in a measured and               liquidity of a bank during a crisis. In December         is crucial to minimizing the likelihood of these
   liquidity conditions or disruptions in the market.       comprehensive manner, Bank Mandiri implements            2024, Bank Mandiri’s LCR reached 139.21% (Bank           interconnected risks.
                                                            the following strategies:                                Only) and 140.64% (consolidated), above the
Liquidity Risk Management is carried out in the             1. Determine limits that refer to internal provisions    minimum LCR fulfillment target set by the Regulator      Operational risks are inherent in every product,
following 4 (four) stages:                                     and regulatory provisions.                            which was 100%.                                          activity, and operational process of the Bank as
1. Identification, to determine risk and sources            2. Perform periodic liquidity risk stress testing to                                                              part of its business activities. These risks are also
    of liquidity risk and the problems it poses so             determine the impact of changes in market             Another indicator used by Bank Mandiri to                the responsibility of every individual within the
    that it may be controlled and mitigated. The               factors and internal factors in extreme               determine liquidity adequacy is the Net Stable           Bank. The Risk & Control Owner holds the primary
    identification of liquidity risk can be conducted          conditions (crises) on liquidity conditions.          Funding Ratio (NSFR). The Net Stable Funding             responsibility for implementing optimal operational
    by identifying balance sheet components and             3. Arrange and conduct a periodic review of              Ratio (NSFR) is a ratio of available stable funding      risk management to minimize these risks.
    administrative account components that may                 the Liquidity Contingency Plan (LCP) and              to required stable funding. As of December 2023,
    affect the Bank’s liquidity and identifying                Recovery Plan that regulate the Company’s             Bank Mandiri’s NSFR reached 107.60% (Bank Only)
    market parameters such as crises and other                 procedure for handling worsening liquidity            and 109.18% (consolidated), above the minimum
    things.                                                    conditions including alternative financing            NSFR fulfillment target set by the Regulator which
                                                               strategies such as sale/purchase of FX, Money         was 100%.
                                                               Market instruments, and Interbank Securities
                                                               Repo, Government Bond sale, and the use               The Macroprudential Intermediation Ratio (MIR)
                                                               of Standing Facility and repo of the Bank             is a ratio of distributed credit and corporate
                                                               Indonesia. The determination of liquidity             commercial paper fulfilling certain requirements
                                                               conditions and financing strategies in the LCP        and are owned by the Bank to third-party funds,
                                                               and Recovery Plan has considered internal             commercial paper fulfilling certain requirements
                                                               and external conditions.                              issued by the Bank, and loans fulfilling certain
                                                                                                                     requirements received by the Bank. As of
                                                                                                                     December 2024, Bank Mandiri’s RIM (Bank Only)
                                                                                                                     reached 94.83%.




PT BANK MANDIRI (PERSERO) TBK                             986                                                                                                           987                                     ANNUAL REPORT 2024
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In developing an Operational Risk Management Strategy, the Bank applies the following principles:              2. Assessment, which is the process of evaluating           Operational Risk Management Tools
                                                                                                                  by considering the potential impact and
1. Long-term oriented to ensure the Bank’s business continuity, by maintaining the Bank’s risk exposure           likelihood of a risk can inherently occur. This          To enable work units in implementing operational
   managed in a controlled manner in accordance with the Bank’s internal regulations, as well as                  aims to find out which risks are more material/          risk management, the Bank provides the following
   prevailing laws and regulations and other stipulations.                                                        significant compared to others to ensure more            risk management tools:
2. Comprehensive and extensive in all parts of the Bank, and remains focused on material and or                   focused control measures can be prepared.                1. Risk & Control Self-Assessment (RCSA)
   significant risks and the most effective mitigation processes.                                                 In addition, an assessment is also carried out                RCSA is a register of key risks and control
3. Proactive in identifying and detecting potential control weaknesses and the occurrence of risks                on quantitative control through control testing               measures that inform risk-based control testing
   hence risks can always be minimized.                                                                           activities to determine whether the control                   to identify potential weaknesses as early on
4. Comply with the provisions for the fulfillment of capital adequacy operational risks in accordance             design regulated in the prevailing regulations                as possible. The tool allows its user to maintain
   with regulations and the development of risks appetite.                                                        at the bank has been effectively implemented                  minimum level of residual risks and to take
                                                                                                                  (operating effectiveness) and or can still be                 necessary mitigation measures.
Operational risk management is implemented through a layered lines-of-defense model, where each line              effectively used (design effectiveness). The             2. Loss Event Database (LED)
of defense has distinct roles and approaches to addressing operational risks. This framework is based on          assessment produces a residual risk value which               A database of operational risk incidents that are
the principle of combined assurance, ensuring that a balance between risk & reward is also achieved.              is the risk value after considering the controls.             recorded on a risk-based approach with the
                                                                                                               3. Monitoring, a proses to monitor risks that have               aim of being lesson learned, monitoring follow-
The Risk & Control Owner is fully responsible for managing risks and implementing daily internal controls         been identified and assessed for their likelihood.            up remediation and future improvements, and
to ensure that existing risks are mitigated. This includes continuously improving control designs to align        Risk monitoring is carried out at all times in every          as one of the components of the calculation
with changes in processes.                                                                                        work unit and by its members. The activity                    of operational risk capital (regulatory capital
                                                                                                                  follows a hierarchy and is done collectively,                 charge) of the Standardized Approach (SA)
To ensure effective operational risk management, the process is carried out in four stages:                       including by the unit’s head, adhering to the                 method.
                                                                                                                  applicable procedures. Monitoring activities             3. Key Indicator (KI)
                                                                                                                  include the early warning systems in existing                 KI contains key risk indicators (KRIs) and Key
                                                                                                                  tools/reporting.                                              Control Indicators (KCIs) and serves as an early
                                                                                                               4. Risk Control/Mitigation, which is a process to                warning signal that encourages early control
                                                                                                                  control and mitigate before a risk event occurs               actions to be undertaken.
                     Operational Risk                                           Operational Risk
                     Control / Mitigation                                       Identification                    through the implementation of adequate                   4. Issue & Action Management (IAM)
                                                                                                                  and consistent control procedures, as well                    IAM is a tool to monitor if known issues are
                                                                                                                  as implementing follow-up actions plans on                    follow-up using a range of activities, such as
                                                                                                                  control weaknesses found (thereby potential                   control testing, incidents, key indicators, and
                                                                                                                  risks occur) in the monitoring process and                    self-identified issues.
                                                                                                                  follow-up on incidents. The purpose of this              5. Capital Modelling
                                                                                                                  process is to ensure that residual risk to the                A tool to calculate regulatory capital charge
                      Operational Risk                                           Operational Risk                 Bank is kept to a minimum. Controls must be                   in accordance to applicable regulations and
                      Monitoring                                                 Assessment                       consistently implemented according to existing                as part of operational risk mitigation.
                                                                                                                  control designs but must also be continuously
                                                                                                                  reviewed to ensure existing control designs are
                                                                                                                  still effective for mitigation of emerging risks.

1. Identification, a process to identify potential inherent risks to a product/activity/process, taking into
   account internal and external factors, such as data of operational risk incidents, regulatory changes,
   and audit findings. This stage includes identifying risk mitigation and control measures.




PT BANK MANDIRI (PERSERO) TBK                        988                                                                                                             989                                      ANNUAL REPORT 2024
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To improve its operational risk management                    3. Operational Risk Management Unit (Senior            The risk management mechanism, encompassing                  The Mechanism for Managing
effectiveness, the Bank has developed an                         Operational Risk by Business Area). A unit          the processes of identification, measurement,                Reputational Risk
integrated Operational Risk Management System                    (attached to a business area) that is responsible   monitoring, and control, adheres to the applicable
that covers all of the tools above. The system is                for implementing operational risk management        risk management regulations. Each work unit                  Reputational risk is managed through monitoring,
also implemented in all work units at the head                   policies, strategies, frameworks and tools in       responsible for products and/or activities is required       supervision, handling, and resolution mechanisms
office and regions.                                              collaboration with the Risk & Control Owner.        to identify and manage risks comprehensively,                coordinated by the Corporate Secretary
                                                              4. Work Unit on Operational Risk Management            including but not limited to legal risks, which are          Group, in accordance with the Corporate
The output of operational risk management                        Development (Bankwide/Enterprise). A                inherently present in every product or activity              Secretary Standard Guidelines. Based on these
activities is an Operational Risk Profile Report that            unit that is responsible to formulate and           created or carried out by the company. This is to            guidelines, there are four stages of reputational
describes operational risk exposure. The report                  disseminate policies, strategies, frameworks,       ensure that legal risks do not have widespread               risk management: identification, measurement,
is submitted periodically to the Bank’s Board                    and operational risk management tools.              impacts or trigger other risks, such as reputational         monitoring, and control. These stages are reflected
of Commissioners and Board of Directors, and                  5. Internal Audit Unit. This unit carries out          risks.                                                       in each Corporate Secretary activity with potential
supports the boards’ active role in operational risk             independent assurance function to ensure that                                                                    reputational risk, such as the Bank’s activities as a
management. The report also informs the Bank’s                   all operational defense lines are functioning       The legal risk management efforts implemented                publicly listed company.
risk management report to regulators as part of                  effectively and properly.                           by Bank Mandiri, both preventive and corrective,
Risk-Based Bank Rating (RBBR) in accordance with                                                                     are deemed sufficient to protect the Bank’s legal            In such activities, reputational risks can be
applicable provisions.                                        LEGAL RISK MANAGEMENT                                  interests and minimize significant financial impacts.        identified, such as delays, errors, or inconsistencies
                                                                                                                     This is reflected in the 2024 Legal Risk Profile Report,     in reporting. These may stem from factors such as
Operational Risk Management                                   Legal risk is a type of risk faced by Bank Mandiri     which achieved a “Low” risk rating.                          individuals lacking knowledge or understanding of
Organization                                                  as a result of lawsuits and/or legal claims, whether                                                                disclosure obligations or insufficient supervision and
                                                              initiated by internal or external parties, and/or      REPUTATIONAL RISK                                            review by supervisors. To control these risks, Bank
Operational risk management is carried out by                 the identification of legal weaknesses such as         MANAGEMENT                                                   Mandiri implements mitigation measures, such as
all of the Bank’s elements, including the Board of            the absence of supportive regulations, flaws                                                                        maintaining a checklist of disclosure obligations
Directors with active supervision from the Board of           in agreements such as the failure to meet the          Reputational risk arises from a decline in the level         and ensuring supervisors carry out thorough checks
Commissioners. The Boards understand existing risks           requirements for a valid contract, or imperfect        of stakeholder trust caused by negative sentiments           and reviews.
and have a key role in supporting and overseeing              collateral binding.                                    surrounding the Bank.
risk management activities at the operational                                                                                                                                     Should reputational risk incidents occur and result
unit level.                                                   The management of legal risk is handled by the         Reputational risk is managed through monitoring,             in negative perceptions of the Bank, mitigation
                                                              Legal unit at the Head Office, which is responsible    supervision, handling, and resolution efforts                activities can be carried out to reduce the impact.
The operational risk management organization                  for regulatory, advisory, litigation, advocacy,        coordinated by the Corporate Secretary, with                 One method involves publishing positive articles
and their duties and responsibilities are:                    and legal assistance functions, as well as             support from relevant work units, including                  in print, online, and electronic media, as well
1. Risk Management Committee (RMC). RMC leads                 coordination and supervision, legal education and      Customer Care, Legal, Retail Product & Fraud                 as sharing positive content on social media to
   the preparation, adjustment/ improvement of risk           transformation, and legal risk management for the      Risk Management, IT Application Development                  neutralize the negative perceptions. These positive
   management. RMC’s membership, duties, and                  Bank. In carrying out these functions, duties, and     & IT Application Support, and Business Continuity            articles may highlight the Company’s business
   authority are stipulated in a Board of Directors’          responsibilities, the Legal unit at the Head Office    Management. Reputational risk management                     and social activities or its support for government
   Decision on RMC.                                           coordinates with the Legal units in work units and     adheres to internal policies and applicable laws             programs, in compliance with the Corporate
2. Risk & Control Owner. A unit that is fully responsible     regional offices. The Head Office Legal unit acts      and regulations.                                             Secretary Standard Guidelines.
   for operational risk management and ensuring               as the system supervisor and provides guidance
   the effectiveness and compliance of control                to the Legal units in work units and regions.          To mitigate this risk, the Bank actively builds a
   measures in every operational activity. A                                                                         positive image through conventional media and
   Risk & Control Owner maintains the Bank’s                                                                         by producing positive content on social media
   operational risk appetite at a level that has                                                                     platforms.
   been identified, thereby allowing the Bank to
   achieve its goals and keep an optimal level
   of regulatory capital charge.




PT BANK MANDIRI (PERSERO) TBK                               990                                                                                                             991                                      ANNUAL REPORT 2024
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Implementation of Reputational                             Communication Support for                               STRATEGIC RISK MANAGEMENT                                    1. Focus on driving and implementing sustainable
Risk Management Policy                                     Government Programs                                                                                                     growth strategies, accompanied by optimal cost-
                                                                                                                   Strategic Risk Management                                       efficiency programs, to enhance profitability growth.
As part of the implementation of the reputational          The Corporate Secretary Group continues to serve        Organization                                                 2. Ensure the achievement of leading indicators
risk management policy, the Company ensures                an active role in supporting the government’s                                                                           for both revenue and cost across all financial
that all work units perform their respective functions     strategic programs through various integrated           The Bank has established a Risk Management                      metrics.
effectively and in compliance with applicable              communication activities. One of its key efforts        Committee and a Risk Management Unit that                    3. Prioritize maintaining and increasing a
regulations. In cases where an incident with               is collaborating with the Ministry of SOEs in           aim to support comprehensive, integrated,                       sustainable CASA Ratio to support loan growth.
reputational risk implications occurs related to the       developing publications using an agenda-                measurable, and controlled risk management.
duties and functions of a specific work unit, that         setting approach. This initiative aims to ensure        Each committee is supported by a working group               Measures and Plans in
unit is required to provide detailed information to        that the corporation’s strategic messages align         consisting of groups directly related to the risk issues     Anticipating Strategic Risk
the Corporate Secretary Group immediately. This            with the government’s communication priorities          within the scope of the respective committee.
enables prompt management of the incident to               while enhancing synergy between institutions in                                                                      In anticipating the risk factors faced by Bank
minimize its impact.                                       delivering relevant information to the public.          Strategic Risk Management                                    Mandiri, it is essential to implement independent
                                                                                                                   Mechanism                                                    and prudent risk management without hindering
To address customer complaints and inquiries,              In addition, the Corporate Secretary Group                                                                           the Company’s business expansion processes. The
Bank Mandiri currently maintains internal channels,        supports government programs through                    The Bank’s risk management is governed by a                  following outlines the strategic risk management
including branch offices, the Call Center at 14000,        international publications. This is achieved by         risk management policy developed in alignment                strategies for 2024:
its official website, and social media accounts.           highlighting the SOEs’ contributions information        with Bank Indonesia Regulations (PBI), Financial             1. Conduct liquidity management by adjusting
All complaints and inquiries are forwarded to the          on the global stage, strengthening the position of      Services Authority Regulations (POJK), Basel                     deposit and loan interest rates to maintain a
Customer Care Group for handling and resolution.           Indonesian SOEs as key entities at the international    standards, and international best practices. This                healthy Net Interest Margin (NIM). Additionally,
In addition to internal channels, the Customer             level, and enhancing the nation’s positive image        policy is regularly reviewed to anticipate changes               the Bank can diversify funding sources by
Care Group also manages complaints from                    worldwide.                                              in business conditions, regulations, and the Bank’s              reducing reliance on high-cost funds, exploring
external sources, such as print, online, electronic                                                                internal environment.                                            alternative, more affordable funding sources,
media, and social media.                                   Furthermore, the Corporate Secretary Group                                                                               and reviewing counter rates and special rates
                                                           conducts financial literacy campaigns and               In managing strategic risks, Bank Mandiri                        (retail deposits) in the small business, micro, and
In executing these duties, the Customer Care               raises awareness on financial services through          consistently reviews performance and evaluates                   consumer (individual) segments.
Group coordinates with the Corporate Secretary             various media, such as social media, YouTube,           policies for setting business targets. The Bank also         2. Perform credit assessments that focus on
Group, particularly in handling customer                   official WhatsApp platforms, and so forth. These        takes corrective actions to refine its strategic                 industrial sectors demonstrating positive and
complaints reported in conventional media and              efforts are undertaken to convey messages               planning and business targets, considering internal              sustainable growth while considering internal
social media.                                              regarding financial inclusion, including awareness      and external conditions when necessary.                          capabilities and resources in accordance with
                                                           and caution in transactions. Bank Mandiri also                                                                           Bank Mandiri’s Risk Acceptance Criteria to
Monitoring and Evaluation                                  collaborates with public figures and influencers                                                                         minimize default risks. Additionally, maintain
                                                           to ensure the messages resonate more effectively        The Implementation of                                            adequate provisioning to anticipate potential
The Corporate Secretary Group conducts periodic            with a broader audience or specific segments of         Strategic Risk Management                                        credit losses.
monitoring and evaluation of media coverage in             the population.                                                                                                      3. In line with the industry’s digitalization trend,
print, online, electronic media, and social media                                                                  Bank Mandiri’s strategic direction aligns with its               Bank Mandiri’s Corporate Plan 2020–2024
to measure the effectiveness of the company’s              Crisis Management                                       Corporate Plan, which is designed by taking                      includes a focus on digitalization, aiming to
publication and communication activities. The              In the event of a massive reputation crisis with        into account the Bank’s core competencies                        become Indonesia’s #1 Modern Digital Bank
results of this monitoring and evaluation serve            significant impact on stakeholder trust, the            and the shifting business patterns and consumer                  and ensuring the progress of IT projects aligns
as the basis for planning future publication               Company will promptly implement immediate               behavior toward digital platforms. Amid economic                 with the established timeline.
and communication activities, with the goal of             action plans to minimize the effects of the             uncertainties, Bank Mandiri also emphasizes the
continuously strengthening the Bank’s reputation.          crisis. These actions include preparing issue           importance of profitability and credit quality
                                                           management strategies, appointing internal              to mitigate future risks. As such, in addition to
                                                           spokespersons, scheduling crisis response activities,   implementing initiatives outlined in the Corporate
                                                           and conducting an overall evaluation.                   Plan, Bank Mandiri sharpens its business strategy
                                                                                                                   by focusing on:




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4. The Bank focuses on maintaining and                  All levels of the Company are fully responsible        6. Heads of Units                                        Compliance Risk Management
   sustainably increasing the CASA Ratio and            for implementing compliance in each of their              Heads of Units are responsible for realizing          Implementation
   CASA volume to support credit expansion by:          respective activities. The organization, duties, and      compliance culture in their respective units,
   a. Optimizing the use of Kopra by Mandiri            responsibilities with respect to compliance are as        managing compliance risk, and implementing            Compliance risk management activities in 2024
       through main operating account strategies        follows:                                                  system/process and/or procedure improvements          were as follows:
       (Kopra Portal and Kopra H2H) to capture                                                                    related to compliance issues in their units.          1. Defining Risk Appetite Statement (RAS)
       the entire customer transaction ecosystem.       1. Board of Commissioners                                                                                          In 2024, Bank Mandiri defined its compliance
   b. Managing the realization of the Cost                 With respect to Compliance and Integrated           Compliance Risk Management                                  Risk Appetite Statement (RAS) at 4 (four)
       of Fund (CoF) by balancing liquidity,               Governance, the Board of Commissioners is           Mechanism                                                   violations per month. Throughout the year, the
       supporting demand deposit growth through            mandated to supervise the implementation            Bank Mandiri has established compliance risk                Bank received 2 (two) sanction per month,
       transactional solutions for business and            of Compliance Function.                             management policies and procedures based                    which was well below the RAS threshold.
       corporate clients, and increasing savings                                                               on the applicable rules and regulations, where           2. Compliance Risk Assessment
       market share using Livin’ as an everyday         2. Integrated Governance Committee                     the risk is managed in several stages:                      Compliance risk assessment is carried out on a
       financial app.                                      The committee is established to assist the Board                                                                quarterly and semi-annual basis and submitted
5. Strengthen capital accumulation from retained           of Commissioners in carrying out its supervisory    1. Identification                                           to the OJK as part of the Bank’s Risk Profile
   earnings (Tier-1) by optimizing revenue and             function on the implementation of Integrated           Identification of compliance risk is articulated         Report. According to the self-assessment
   overhead costs, while conducting a deeper               Governance and Integrated Compliance                   in the Compliance Risk Statement (CRS). CRS              conducted in Quarter IV 2024, the Bank’s
   review of initiatives that enhance productivity,        Functions at Bank Mandiri and its Subsidiaries.        entails reference of regulations, risk cause,            compliance risk level was 2 (low to moderate).
   provide added value, and deliver long-term                                                                     risk control, and action plans for prevention            Several issues of concern for improvement were
   benefits.                                            3. Board of Directors/SEVP                                purpose.                                                 employees’ compliance risk awareness, data
6. Enhance access to capital and financial                 The Board of Directors is responsible to foster                                                                 quality, and monitoring of report submission
   markets to secure additional funding, either in         and realize Compliance Culture as well              2. Evaluation                                               to regulators.
   the form of equity or debt (subordinated debt).         as to ensure that Compliance Function is               All identified risks are assessed by each             3. Compliance Risk Mitigation
                                                           implemented at all levels of the organization          risk owner. The output of assessment is a                To mitigate compliance risk, the Bank has
                                                           and the Bank’s business activities.                    compliance risk profile for every work unit. Risk        implemented several compliance programs:
COMPLIANCE RISK                                                                                                   assessment is carried out based on the risk’s            a. Monitoring the Fulfillment of the Banks’
MANAGEMENT                                              4. Director in Charge of Compliance Function              occurrence likelihood and its potential impacts.             Obligations on New Regulations
                                                           The Director in charge of the Compliance               Risk owners also assess the effectiveness of                 The Compliance Unit conducts Prudential
Compliance risk arises from the Bank’s failure to          Function is responsible for formulating                control measures.                                            Meetings on new regulations, monitors
adhere to and/or implement the provisions of               compliance culture strategies, minimizing                                                                           action plans that need to be carried
prevailing laws and regulations.                           compliance risk, establishing compliance            3. Monitoring                                                   out, and issues reminders on regulatory
                                                           systems and procedures, and ensuring that              Risk monitoring is part of an adequate                       obligations to the relevant Units.
To manage compliance risk, Bank Mandiri has                all policies, provisions, systems, and procedures      compliance risk management. Monitoring
established policies, guidelines, systems, and             implemented by the Bank are in accordance              activities include identifying and overseeing            b. Control Testing Against High-Risk Activities
procedures to foster a compliance culture. This            with applicable laws and regulations.                  compliance risk appetite statement (RAS).                   Control testing is carried out by the Senior
culture serves as a key factor in the successful                                                               4. Mitigation                                                  Operational Risk Unit on high-risk activities.
implementation of compliance risk management,           5. Compliance Unit (i.e., Compliance & AML-CFT            Compliance risk mitigation is carried out by:               Where discrepancy with applicable
both individually and on a consolidated basis,             Group)                                                 a. Reviewing risk identification process to                 regulations is identified, immediate actions
as well as in an integrated framework within the           The Compliance Unit assists and/or represents              ensure the process has been carried out                 are taken to prevent the Bank from suffering
Financial Conglomerate.                                    the Director in charge of the Compliance                   appropriately.                                          any losses.
                                                           Function in carrying out its duties and                b. Reviewing the appropriateness of control
                                                           responsibilities.                                          and mitigation activities.
                                                                                                                  c. Reviewing the appropriateness of
                                                                                                                      compliance risk assessment process,
                                                                                                                      including that the process has considered
                                                                                                                      historical sanction data.




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   c. Compliance Assessment Program                             of laws and regulations, or other policies          INSURANCE RISK                                            The assessment of the Integrated Insurance Risk
      This program aims to increase compliance                  or the results of legal analysis to the Bank’s      MANAGEMENT                                                Profile throughout 2024 was at Low to Moderate
      risk awareness of the risk owners on                      management and employees.                                                                                     level. This reflects low potential loss faced by
      applicable compliance and regulation                   b. Monitoring the work units’ action plans             Insurance risk arises from the inability of an            Financial Conglomerates due to Integrated
      risks (according to their duties and                      relating to new regulations that have               insurance company to meet its obligations to              Insurance Risk at a certain time in the future. The
      responsibilities).                                        significant impacts.                                policyholders due to inadequacies in underwriting,        quality of the implementation of the Integrated
   d. C o m p l i a n c e U n i t C o m p e t e n c y     4. Competency Building for Compliance Unit                pricing, reinsurance usage, or claims handling.           Management of Insurance Risk is adequate, there
      Improvement Program                                    To improve the quality of personnel in                                                                           are some weaknesses but these weaknesses can
      To increase understanding related to                   Compliance Unit, the Bank collaborates with            Bank Mandiri manages this risk through its                be resolved in the normal course of business.
      compliance risk management, the                        independent parties to organize training and           subsidiaries engaged in the insurance business,
      Company partners with an independent                   certification of compliance.                           namely AXA Mandiri Financial Services and
      party to organize compliance training                                                                         Mandiri Inhealth. But Mandiri Inhealth has no
      and certification for all Compliance Unit           INTRA-GROUP TRANSACTION                                   longer been a member of Mandiri Group Financial
      personnel.                                          RISK MANAGEMENT                                           Conglomerates since 9 October 2024.

Measures and Plans to                                     The management of Intra-Group Transaction                 Bank Mandiri identifies and analyzes activities that
Anticipate Compliance Risk                                Risk is carried out with Subsidiaries within Bank         may increase insurance risk exposure and impact
                                                          Mandiri’s business group in alignment with the            the performance of the Bank. This risk identification
To improve compliance risk management, the                Bank’s overall business strategy. This process            process is tailored to the specific characteristics
following measures are taken:                             aims to ensure that intra-group transactions are          of the Subsidiaries’ insurance business activities.
                                                          conducted responsibly and do not adversely                To measure insurance risk, Bank Mandiri employs
1. Compliance Risk Management                             affect the Bank’s performance or the financial            a combination of qualitative and quantitative
   a. Define compliance Risk Appetite Statement           stability of its Subsidiaries.                            approaches. These measurements are followed
      (RAS) and monitor sanctions/fines to ensure                                                                   by periodic risk monitoring to ensure alignment
      the appetite that has been set out are              Bank Mandiri identifies and analyzes activities           with established procedures.
      under control.                                      that may increase exposure to Intra-Group
   b. Improve compliance risk assessment                  Transaction Risk, particularly those that could
      parameters.                                         influence operational, financial, and reputational
   c. Improve reporting process on compliance             performance. The identification process includes
      function.                                           assessing the business activities of both Bank
2. Improvement of compliance risk awareness               Mandiri and its Subsidiaries, with particular attention
   a. Conduct compliance assessment to                    to the complexity and interconnectedness of
      improve employee understanding of the               transactions.
      prevailing rules and regulations, particularly
      those related to duties and responsibilities.       To effectively measure Intra-Group Transaction
   b. Provide advice on compliance issues.                Risk, the Bank employs a combination of qualitative
3. Strengthening monitoring on regulatory                 and quantitative approaches. This includes
   mandate fulfillment                                    scenario analyses, risk exposure evaluations, and
   a. Disseminate information on the issuance             financial impact modeling. Regular monitoring
                                                          is conducted to ensure ongoing compliance
                                                          with established risk management policies and
                                                          procedures.




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ENVIRONMENTAL, SOCIAL,                                                                                                                           ENVIRONMENTAL, SOCIAL, & GOVERNANCE (ESG) RISK MANAGEMENT

& GOVERNANCE (ESG) RISK
MANAGEMENT
                                                                                                                     No.B3.P1.T16.IAC. Details of businesses covered              Furthermore, the Board of Commissioners
                                                                                                                     is presented in the Environmentally Friendly                 supervises ESG implementation, fulfillment of
                                                                                                                     Financing Policy section of this report and in full          ESG targets or commitments through the Risk
     ESG RISK MANAGEMENT COVERAGE                                                                                    in the Sustainability Report.                                Monitoring Committee (KPR) forum, which is with
                                                                                                                                                                                  topics such as reviewing the effectiveness of
                                                                                                                     The Bank periodically reviews and refines general            ESG-related risk management and supervision in
                                                                                                                     credit policies, credit procedures per business              financing activities.
                                                                                                                     segment and risk management tools, particularly
                                                                                                                     sectors with high ESG and climate risks. Each                Bank Mandiri monitors compliance in lending
Alignment of ESG aspects is also one of Bank Mandiri’s priorities                                                    Business Unit conducts a more detailed and in-               related to ESG aspects in accordance with bank
in long-term business transformation. Through the stream                                                             depth assessment of each business activity to                policy, with the following measures:
“Conduct Sustainable Business”, Bank Mandiri has developed                                                           determine related ESG requirements in IAC and
                                                                                                                     RAC, including based on input and involvement                1. Periodically monitor the fulfillment of ESG
ESG frameworks, roadmaps and initiatives with a target focus                                                         from regulators and resource persons.                           requirements. Bank Mandiri reviews regularly
on the transition to a low-carbon economy, emission reduction                                                                                                                        to ensure that the progress of customer projects
and net zero in bank operations and increasing social impact in                                                      Bank Mandiri has an early warning system through                is in accordance with the action plan that has
                                                                                                                     the initiation of the ALERT Forum, engaging the                 been set. To ensure compliance with lending
achieving SDGs targets.                                                                                              Business Unit and Risk Management Unit. The ALERT               policies and procedures, Bank Mandiri also
                                                                                                                     Forum functions to identify and monitor risks that              conducts periodic reviews and audits. For
                                                                                                                     could affect credit quality, including risks related to         debtors who have not been able to meet
                                                                                                                     ESG aspects, financial performance, and industry                these minimum requirements, there will be a
                                                                                                                     prospects. In addition, this forum serves a role in             periodic monitoring mechanism, determination
                                                                                                                     evaluating the implementation of ESG practices                  of action plans and schedules needed.
To achieve this target, particularly in fostering the      ESG Risk Management System                                by debtors, assessing business sustainability, and           2. Implement the ALERT system (watchlist) as an
transition to a low-carbon economy, Bank Mandiri                                                                     monitoring mitigation measures for the impacts                  early warning system to identify risks that can
continues to identify, measure and evaluate                ESG risk assessment on loan is carried out at each        of climate change.                                              affect the debtor’s credit quality to ensure that
ESG risks including climate risks, specifically in the     stage of loan disbursement end-to-end and                                                                                 preventive actions can be taken immediately
financing aspect.                                          integrated by the Business Unit, Credit Operation         ESG Risk Surveillance                                           to prevent credit quality deterioration based
                                                           Unit and Credit Risk Management Unit. Each                                                                                on financial performance, industry prospects,
The ESG risk management system in the loan                 Business Unit conducts an assessment based                The ESG Risk Management framework and                           and fulfillment of ESG requirements.
process includes Bank Mandiri’s loan services for          on the Loan Portfolio Guideline then carries out          governance at Bank Mandiri involves the active               3. Conduct an annual review as a form of check
the wholesale and retail segments. Bank Mandiri            a pre-approval process using credit risk tools            role of the Board of Commissioners and the Board                and balance of compliance with the latest
establishes and implements Environmental and               including the application of ESG aspects, for the         of Directors. The Board of Directors monitors the               internal credit policy requirements, including
Social Risk Management (ESRM).                             wholesale segment, the assessment is stipulated           implementation and fulfillment of ESG targets                   ESG requirements.
                                                           in the Industry Acceptance Criteria (IAC), while          through the Risk Management Committee (RMC)
This is in line with the efforts made by the Financial     for the retail segment, the assessment is carried         forum, in accordance with the duties & authorities
Services Authority (OJK) regarding the Asset               out through a credit risk scorecard, with reference       stipulated in the Decree of the Board of Directors
Quality Assessment of Commercial Banks, which              to the Risk Acceptance Criteria of each product.          of PT Bank Mandiri (Persero) Tbk, No. KEP.
regulates the assessment of the debtor’s business                                                                    DIR/028/2024 on Risk Management Committee
prospects is also associated with the debtor’s             Bank Mandiri establishes risk appetite and industry       (RMC), held quarterly with the topic of Sustainable
efforts in maintaining the environment.                    appetite in line with ESG issues in the Bank’s policies   Finance Action Plan (RAKB) performance, ESG
                                                           as outlined in the Industry Acceptance Criteria           trends, to discussion of critical issues in ESG aspects.
                                                           (IAC) technical guidelines in Internal Regulation




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CLIMATE RISKS                                               2. Medium-Term (5–10 Years): Encompasses                      Climate related Risks                                                  Mitigation
                                                               strategic planning to mitigate risks associated
                                                                                                                    Compliance with policies and               • Bank Mandiri implements sustainable finance in accordance with POJK
Climate risk is an emerging risk embedded in                   with evolving climate regulations while              regulations related to climate risk          51/2017 and POJK 60/2017, and has developed a Sustainable Finance
key financial risks. Bank Mandiri has assessed key             enhancing efforts toward net-zero. These             in Indonesia, as well as the legal           Action Plan (RAKB) for 2025–2029 to support the NZE 2060 target or an
                                                                                                                    responsibilities arising as part of the      earlier achievement.
financial risk accordingly and has considered                  initiatives include targeted investments in green
                                                                                                                    implementation of policies addressing      • Bank Mandiri establishes an acceptable risk level (risk appetite) and industry-
ESG aspects in it. Climate risk is also embedded               technology, collaborative partnerships, and          climate change.                              level standards (industry appetite) aligned with Environmental, Social, and
in every other type of risk managed by the                     adjustments to operational practices to meet                                                      Governance (ESG) aspects, as outlined in the Industry Acceptance Criteria
Bank. Accordingly, Bank Mandiri conducts                       emerging regulatory standards.                                                                    (IAC) under Internal Regulation No. B3.P1.T16.IAC.
a comprehensive risk management process                     3. Long-Term (10–36 Years): Focuses on achieving        The impacts of climate change              • In the lending process, Bank Mandiri has implemented Environmental and
in accordance with established procedures,                     net-zero emissions in financing by 2060, guiding     affecting debtors' financial conditions,     Social Risk Management (ESRM), starting from the pre-selection process
including those addressing climate risk.                       strategies to build a low-carbon economy             the transition to low-emission               (feasibility tests), loan analysis, legal and compliance reviews, loan approval,
                                                                                                                    technology products, changes in              to the monitoring process. The ESG risk management system in the loan
                                                               through portfolio diversification, green product     customer preferences, and negative           process covers all of Bank Mandiri's loan services (retail, treasury, corporate
Bank Mandiri has conducted an Pilot Project                    offerings for customers, and the development         publicity related to climate change          finance, and consumer finance segments).
Climate Risk Stress Test in accordance with OJK                of a green ecosystem.                                management.                                • Bank Mandiri accelerates the digitization of banking services to enhance
guidelines. On credit risk, credit portfolios that are                                                                                                           public access through digital innovations such as Livin’, Kopra, and Smart
                                                                                                                                                                 Branch.
potentially vulnerable to floods and forest fires           Climate Risk Mitigation                                                                            • Bank Mandiri minimizes reputational risk by analyzing news and public opinion
have been identified; and sectoral portfolios that                                                                                                               with negative sentiment and providing strategic and structured responses.
are characteristically classified as high emission          Bank Mandiri is committed to managing its business
                                                                                                                    Rising Temperatures, Sea Levels, and       • Conducting a Pilot Project on Climate Risk Stress Testing and creating a
sectors and are affected by government policies             and operations by prioritizing ESG principles to        Extreme Weather.                             watchlist to regularly monitor customers affected by climate change-
to control climate risk. For market risk, the Bank          become “Indonesia’s Sustainability Champion                                                          related issues.
identifies market value movements in the Bank’s             for a Better Future”. This commitment is Bank                                                      • The Business Continuity Management Group has implemented business
                                                                                                                                                                 continuity management in accordance with the international standard ISO
securities portfolio which are included in the high         Mandiri’s response in supporting the Government’s
                                                                                                                                                                 22301:2019 and applied the Business Continuity Management Framework
emission sector category as a result of changes in          aspirations towards a low-carbon economy.                                                            to ensure organizational resilience through the readiness of components
government policy for carbon emissions.                                                                                                                          such as Building, Equipment, Technology, Human Resources, and Third
                                                            In sectors that have high climate risk such as                                                       Parties (BETH3).
Bank Mandiri manages climate-related financial              plantations, mining and energy, Bank Mandiri
risks, starting from risk identification and risk           conducts intensive monitoring in fulfilling the
                                                                                                                     Climate related Opportunities                                                 Respons
management framework, including conducting                  ESG aspects that have been required by the
                                                                                                                   Increased Bank Portfolio Diversification    Bank Mandiri issued Sustainable Green Bonds I Phase 1 with a total issuance
scenario analysis. The results of the climate               Bank. Going forward, Bank Mandiri strives to
                                                                                                                                                               nominal of up to Rp5 trillion, which was oversubscribed by 3.74 times in 2023.
risk analysis become inputs to increase the                 conduct more comprehensive climate risk impact                                                     The proceeds from the issuance have been fully allocated, with 69% directed
Bank’s resilience to the impacts of climate risk            measurements, such as conducting climate                                                           to the renewable energy sector and 31% to the management of biological
                                                                                                                                                               natural resources and sustainable land use sectors.
and strengthen through various initiatives and              scenario analysis and testing credit portfolios for
alignment of ESG aspects in internal business               customers against climate risks including transition
processes. The impact of climate change on Bank             and physical risk.                                     Governance Bodies’ Involvement on Climate Risk
Mandiri’s sustainability based on the risk period is
as follows:                                                                                                        Coordination of ESG-related aspects, including climate risk, at Bank Mandiri is carried out by ESG Group
                                                                                                                   under the Vice President Director who is authorized to manage the framework, alignment of provisions in
1. Short-Term (1–5 Years): Includes the target                                                                     line with ESG and climate change issues, sustainable portfolio management, and responsible operational
   to complete the transition plan by 2025,                                                                        strategies of the Bank, including communication and reporting functions to external and internal parties.
   strengthening credit policies for high-emission                                                                 Reports from the ESG Unit are regularly forwarded to the Board of Directors as needed, as well as to the
   sectors, and preparing to achieve net-zero                                                                      Board of Commissioners.
   emissions for Scope 1 and Scope 2 through
   offsetting strategies currently under internal                                                                  In the implementation of ESG and climate management, the Board of Directors takes a role in strategic
   review.                                                                                                         functions, to:
                                                                                                                   1. integrate ESG aspects bank-wide, establish the direction of Bank Mandiri’s Sustainable Finance
                                                                                                                       (Sustainability) which includes Framework, Commitment, Strategy, Initiatives, Roadmap related to
                                                                                                                       climate targets and SDGs achievement;




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2. carry out supervisory functions related to                in the portfolio. In the study, climate-related
                                                                                                                      To comprehensively understand the risk exposures            market risk, liquidity risk, operational risk, legal risk,
   ESG and climate risks and opportunities,                  risks were compared with an initial qualitative
                                                                                                                      faced by the Bank, Bank Mandiri conducts regular            strategic risk, compliance risk, and reputational risk.
   implementation of Sustainable Finance,                    assessment linked to other bank risks concerning
   fulfillment of appropriate ESG targets and                physical risk events, such as flooding, for credit       assessments of the Bank Soundness Level and Risk            Moreover, the Integrated Risk Profile assessment
   initiatives;                                              portfolios secured by residential and commercial         Profile. The Bank Soundness Level assessment is             includes two additional risks, namely insurance
3. accountable in ensuring the achievement of                properties, as well as drought/forest fire risk events   performed and reported to the regulator every               risk and intra-group transaction risk, ensuring a
   sustainability aspirations to stakeholders; and           for corporate and MSME portfolios in the forestry        six months, while the Risk Profile assessment is            comprehensive understanding of the Bank’s
4. build the collaboration and partnership needed            and plantation sectors.                                  conducted quarterly.                                        risk landscape and alignment with regulatory
   to accelerate the Company’s progress towards                                                                                                                                   standards.
   achieving SDGs and climate targets.                       The assessment conducted provides an overview            The Bank Soundness Level assessment complies
                                                             of potential losses and their impact on various          with Financial Services Authority Regulation                The assessment of Bank Mandiri Individual Risk
The Board of Directors in this case is assisted by           bank risks. For transition risks, the assessment was     No. 4/POJK.03/2016 and Circular Letter No. 14/              Profile as of 31 December 2024 is categorized as
Risk Management Committee (RMC). The forum                   carried out on portfolios in several high-emission
                                                                                                                      SEOJK.03/2017 concerning the Assessment of                  rating 1 (Low Risk), with the assessment of Inherent
with Risk Management Committee (RMC) is held                 sectors by projecting the impact of increased
                                                                                                                      Commercial Bank Soundness Level. This assessment            Risk categorized as rating 2 (Low to Moderate) and
quarterly on the topic of Sustainable Finance                carbon emissions and changes in government
Action Plan (RAKB) performance, ESG trends,                  policies on various bank risks and the Bank’s            covers the Risk Profile, which includes an evaluation       the assessment of Quality of Risk Management
including discussion of critical issues in ESG aspects.      capital. The transition scenario uses the NGFS           of inherent risks and the quality of risk management        Implementation categorized as rating 1 (strong),
                                                             scenario according to OJK guidelines, namely Net         implementation, Good Corporate Governance                   as follows:
The Company’s Board of Commissioners takes                   Zero 2050, Delayed Transition and Current Policies.      (GCG), earnings, and capital. The Risk Profile
an important role in managing ESG and climate                                                                         assessment focuses on eight primary risks: credit risk,
aspects, particularly to ensure the integration of           In credit risk, portfolios that are potentially
ESG and climate aspects in Bank Mandiri’s long-              vulnerable to floods and forest fires have been
                                                                                                                            Types of Risks            Inherent Risk Rating            KPMR Rating               Risk Level Rating
term goals, including fostering efforts beyond               identified as well as sectoral portfolios that are
compliance and adoption of best practices,                   classified as high emission sectors and affected          Credit Risk                       Low to Moderate               Satisfactory              Low to Moderate
and overseeing the management of risks and                   by government policies to control climate risk.
                                                                                                                       Market Risk                              Low                       Strong                        Low
opportunities related to sustainability and climate.         For market risk, the Bank identifies market value
To carry out this task, the Board of Commissioners is        movements in the Bank’s securities portfolio which        Liquidity Risk                    Low to Moderate                  Strong                        Low
supported by the Risk Oversight Committee (ROC).             are included in the high emission sector category
                                                                                                                       Operational Risk                      Moderate                  Satisfactory              Low to Moderate
The Risk Oversight Committee (ROC) forum is held             as a result of changes in government policy for
periodically including discussing the effectiveness          carbon emissions.                                         Legal Risk                               Low                       Strong                        Low
of ESG-related risk management and supervision                                                                         Strategic Risk                           Low                    Satisfactory                     Low
in financing activities.                                     We analyze drought/forest fire/flood climate risk
                                                             events to Bank Mandiri’s operations and property          Compliance Risk                   Low to Moderate               Satisfactory              Low to Moderate
The functions and obligations of the Board of                which, based on the study, have the potential to          Reputation Risk                          Low                    Satisfactory                     Low
Directors and in the implementation of Bank                  cause damage and loss to the Bank’s technology
Mandiri’s sustainable finance are stipulated in              system and property, as well as disruption to             Composite Rating                  Low to Moderate                  Strong                        Low
Board of Directors Decree No. KEP.DIR/028/2024               employee mobility and health. In this scenario,
on Risk Management Committee (RMC) and                       the Bank already has a Disaster Recovery Plan
Decree of the Board of Commissioners No. KEP.                mitigation plan that includes a contingency plan
KOM/004/2023 dated 13 September 2023 on the                  for catastrophic events.
Risk Monitoring Committee Charter. The specific
organ, ESG Group, was established in accordance              Bank Mandiri will continue to develop climate
with the Decree of the Board of Directors of KEP.            risk stress testing in accordance with regulatory
DIR/32/2022 dated 12 September 2022.                         directives and the Bank’s needs in planning climate
                                                             risk management in the Company’s portfolio. In
Climate Risk Resilience                                      accordance with technological advances, going
                                                             forward it is necessary to develop specific models
In the reporting period, Bank Mandiri has                    and analytics used in quantifying climate and
conducted a climate risk resilience assessment               environmental impacts, more detailed current
based on OJK Letter No. S-16/PB.013/2023 which               data and information, scenarios and assumptions
requires KBMI 3 & 4 banks to assess climate risk             according to the direction of regulators.




PT BANK MANDIRI (PERSERO) TBK                             1002                                                                                                             1003                                        ANNUAL REPORT 2024
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REVIEW OF RISK MANAGEMENT                                                                                              WORST-CASE SCENARIO
SYSTEM EFFECTIVENESS                                                                                           SIMULATION AND STRESS TESTING

The Risk Profile assessment of Bank Mandiri, both at the individual and consolidated/integrated levels        To evaluate Bank Mandiri’s resilience against                In general, the result of stress testing throughout
throughout 2024, indicates that the risks faced by the Bank at both levels have been effectively managed.     plausible exceptional external events, the Bank              2024 indicated that Bank Mandiri was remained
This enables Bank Mandiri to sustain its business development efforts while maintaining sound and             conducts stress testing as part of its contingency           capable of maintaining its capital sufficiency and
effective risk management practices.                                                                          planning and to meet regulatory requirements                 liquidity by building immediate anticipation of
                                                                                                              in Indonesia. Stress testing at Bank Mandiri aims            assets and liabilities management and preparing
In addition, accordance with the Regulation of the Ministry of SOEs number PER-2 / MBU / 03/2023              to estimate potential losses the Bank might incur,           policies and systems.
concerning Guidelines for Governance and Significant Corporate Activities of State-Owned Enterprises in       assess its capital adequacy to absorb these losses,
article 74 paragraph 1 SOEs are required to conduct a risk maturity index assessment (Risk Maturity Index).   ensure sufficient liquidity to meet contractual or           In addition to stress testing at the individual level,
The RMI assessment aims to measure the level of design quality and effectiveness of Risk Management           behavioral obligations, and identify necessary               stress testing at the level of Mandiri Group along
implementation in protecting and creating value in SOEs.                                                      steps to mitigate risks while maintaining capital            with its subsidiaries was also performed. The stress
                                                                                                              adequacy.                                                    testing for the Mandiri Group was one of the ways
In 2024 Bank Mandiri has carried out the RMI assessment and based on the assessment results, Bank                                                                          to communicate integrated risk management,
Mandiri is in the Better Practice Phase where Bank Mandiri has strong risk management practices, which        Bank Mandiri performs 2 (two) types of stress                whose result was presented to the management
on average are close to or in line with global industry standard practices.                                   testing: sensitivity or shock analysis and scenario          of Bank Mandiri, the management of Subsidiaries,
                                                                                                              analysis (both historical and hypothetical). These           and regulators for getting feedback and insights
Statements from the Board of Directors and/or the Board of Commissioners                                      stress tests analyze key risks, including credit             regarding corporate risk management strategies
or the Audit Committee on the Adequacy of Risk Management System                                              risk, market risk, and liquidity risk, using statistical     in a scenario of economic collapse.
                                                                                                              and financial models developed by the Bank
The internal control system at Bank Mandiri is considered effective and adequate. This is demonstrated        in accordance with industry best practices. For              The scenario of stress testing considers current
by the successful implementation of internal control functions, including internal audit, risk management,    instance, one model and assumption that links to             economic conditions, where the global and
compliance, and financial and operational controls, which collectively ensure the Bank’s risk management      changes in credit risk to macroeconomic factors,             domestic economic challenges in 2024 are driven
framework operates efficiently.                                                                               providing a comprehensive understanding of                   by factors such as economic slowdown, rising
                                                                                                              potential impacts.                                           interest rates, and the potential escalation of
                                                                                                                                                                           geopolitical tensions.


RISK MANAGEMENT ACTIVITY
REPORT IN 2024                                                                                                                                                             RECOVERY PLAN
During 2024, Bank Mandiri has conducted and reported the following assessments:
                                                                                                              In accordance with POJK 5 of 2024 on the Determination of Supervision Status and Managing Commercial
1. Individual Bank Soundness Level applies a risk-based approach/Risk-Based Bank Rating (RBBR), where         Bank Issues, banks are required to prepare and submit a Recovery Plan to the Financial Services Authority
   the scope of assessment covers the following factors: Risk Profile, Good Corporate Governance,             (Otoritas Jasa Keuangan).
   Earnings and Capital. The report for the position of 31 December 2023 and 30 June 2024 has been
   submitted to the Regulator in a timely manner.                                                             The Recovery Plan prepared includes a comprehensive analysis of the conditions across all business lines
2. Individual Risk Profile which is performed on 8 risks (Credit, Market, Liquidity, Operational, Legal,      of the Bank and its Subsidiaries, including scenario analysis of crisis conditions (stress testing) affecting the
   Strategic, Compliance, and Reputation Risk), for the position of 31 December 2023 and 30 March,            Bank, both idiosyncratic and market-wide shocks, which could jeopardize the Bank’s business continuity
   30 June, and 30 September 2024, has been submitted to the Regulator in a timely manner.                    (point of non-viability).

                                                                                                              In line with this regulation, Bank Mandiri’s initial Recovery Plan was approved by shareholders on 21
                                                                                                              March 2018. The updated Recovery Plan for 2024 was submitted to the Financial Services Authority in
                                                                                                              November 2024.




PT BANK MANDIRI (PERSERO) TBK                       1004                                                                                                            1005                                      ANNUAL REPORT 2024
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RESOLUTION PLAN                                                                                                                                                                                   RISK HANDLING POST PANDEMIC




Apart from preparing the Recovery Plan, Bank                 Plan, supplemented by an analysis of resolution              Following the expiration of OJK Board of                      34/KDK.03/2022 on March 31, 2024, did not
Mandiri developed its first Resolution Plan in 2022,         options, potential obstacles to implementing those           Commissioners Decree (“KDK”) numbered 34/                     result in any significant spike, demonstrating
which was submitted to the Deposit Insurance                 options, and communication strategies prior to               KDK.03/2022 on March 31, 2024, OJK issued                     the Bank’s success in achieving a soft-landing
Corporation (LPS) as the resolution authority                the resolution authority addressing the Bank’s               Press Release (“SP”) numbered SP-41/OJK/                      post-relaxation.
in Indonesia. The requirement for preparing a                solvency issues.                                             GKPB/III/2024 regarding the Announcement
Recovery Plan for Systemic Banks and a Resolution                                                                         of the End of Bank Credit Restructuring Stimulus           2. Post Covid-19 Pandemic Credit Monitoring
Plan for addressing solvency issues is mandated by           Following the initial submission, Bank Mandiri is            in Handling the COVID-19 Pandemic. Banks                      In addressing the post-pandemic, the Bank
Law No. 4 of 2023 on Financial Sector Development            required to update the Resolution Plan document              should continue the credit restructuring                      continues to carry out credit monitoring
and Strengthening.                                           every two years if the Bank experiences a                    schemes for borrowers that have already                       mechanisms, both for debtors on an entity
                                                             financial condition change exceeding 20% of                  commenced untill the repayment of the loan.                   and portfolio basis. The credit monitoring
The Resolution Plan serves as a guide for LPS if             total assets, total liabilities, and/or total equity as                                                                    mechanism is carried out through:
recovery efforts outlined in the Recovery Plan fail          of the financial statement date included in the              Bank Mandiri has managed Covid-19 credit                      a. Early warning signal analysis of all debtors
to restore the Bank’s condition to meet minimum              previous Resolution Plan. The updated document               restructuring, with the highest position at Rp96.5                with special attention to ex-Covid-19
regulatory requirements, resulting in the Bank being         must be submitted to the resolution authority. The           trillion in June 2021, declining to Rp9.25 trillion as            Restructuring debtors.
classified as a Bank in Resolution. The Resolution Plan      obligation to prepare a Resolution Plan applies to           of September 2024. At bankwide level, at the                  b. Output of early warning signals for debtors
includes information consistent with the Recovery            banks as stipulated in LPS Regulation No. 2 of 2024          same time, the NPL% of Bank Mandiri is 0.97%,                     who have the potential to experience a
                                                             concerning Resolution Plans for Commercial Banks.            with adequate NPL Coverage of 317.97%.                            decline in performance accompanied
                                                                                                                          Considering these conditions, the Bank is quite                   by an action plan that is monitored on an
                                                                                                                          confident that it has successfully managed                        ongoing basis.
                                                                                                                          the pandemic-affected credit portfolio. This
                                                                                                                          confidence is also reflected in the fact that the             The Bank always conducts credit monitoring


RISK HANDLING POST PANDEMIC
                                                                                                                          expiration of the limited relaxation under OJK                to maintain the quality of the managed credit
                                                                                                                          Board of Commissioners Decree numbered                        portfolio.




                                                                                                                                                     RISK MANAGEMENT UNIT
1. Post-Covid-19 Pandemic Risk Management                        impacted by the Covid-19. The implementation
   The occurance of Covid-19 pandemic has                        of restructuring is regulated under the national
   greatly impacted the national economy. Due                    economic stimulus policy, in line with the
   to the pandemic and the implementation                        dynamic of policies and regulations issued
   of restrictions on business activities, many                  by the regulator, including the latest policy,        Bank Mandiri has a dedicated Risk Management Unit responsible for overseeing the Bank’s overall risk
   corporate debtors experienced a decline                       OJK Board of Commissioners Decree (“KDK”)             appetite, including the development of supporting tools essential for business processes and effective
   in sales and profits, resulting in cash flow                  numbered 34/KDK.03/2022, regarding sectors,           risk management.
   and liquidity difficulties. Moreover, many                    segments, and regions that still require special
   individual debtors experienced termination of                 treatment for bank credit or financing, effective     The Risk Management Unit is composed of several specialized work units, including the Credit Portfolio
   employment. As a result, debtors experienced                  until March 31, 2024.                                 Risk Group, Market Risk Group, and Operational Risk Group. These units are supervised by the Director
   decreasing ability to meet financial obligations                                                                    of Risk Management, Danis Subyantoro.
   to banks and other creditors, hence it was                    The government has decided to revoke the
   necessary to restructure debtors impacted                     Covid-19 pandemic status in June 2023 and             Below is the profile of the group heads, the organizational structure, and the duties and responsibilities
   by the Covid-19.                                              declared that Indonesia has entered the               of the Bank Mandiri Risk Management Unit for 2024.
                                                                 endemic period. Post-Covid19 pandemic,
   To handle these risks and in order to support                 mobility and business activities have increased,
   the government’s efforts to maintain economic                 further improving the economic condition.
   stability, the Bank has actively taken a role                 Economic development also has been showing
   in providing credit restructuring for debtors                 a solid recovery trend.




PT BANK MANDIRI (PERSERO) TBK                             1006                                                                                                                1007                                   ANNUAL REPORT 2024
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RISK MANAGEMENT UNIT                                                                                                                                                                                                             RISK MANAGEMENT UNIT



Profile of Risk Management Unit

                                                                                                                               Risk Management Organizational Structure



                           ADITYO                                      ALFANENDYA
                           WICAKSONO                                        SAFUDI
                           Group Head                               Group Head Credit
                           Operational Risk                               Portfolio Risk                                                                                                     Risk Management
                                                                                                                                                                                             Danis Subyantoro


                                                                                                                                     Wholesale Risk

Age : 47 Years old                                            Age : 53 Years old
Citizenship : Indonesia                                       Citizenship : Indonesia
Domicile : Jakarta                                            Domicile : Jakarta
                                                                                                                                                  Wholesale Risks
Educational Background                                        Educational Background                                                              Wildan Sanjoyo
• Bachelor of Engineering in Urban and Regional               • Bachelor in Industrial Engineering from Bandung                                                                                            Enterprise Risk                        Retail Risk
   Planning from University of Diponegoro (2001)                 Institute of Technology (1994)
• Master of Data Science from Monash University               • Financial Risk Manager (FRM) from Global Association
   Indonesia (2023)                                              of Risk Professional (2015)
• Certificate of Bank Risk Management Level 5 (2024)          • Chartered Financial Analyst (CFA) from CFA Institute
                                                                 (2019)                                                                                                Corporate Risk 1                      Market Risk                       SME & Micro Risk
Professional Background                                       • Indonesia Banking Certificate in Risk Management –                                                                                           Bily Arkan                         Deru Widyarto
                                                                                                                                                                      Eny Kurniasih M M
Serves at Bank Mandiri as:                                                                                                            Corporate Risk 2
                                                                 Level 6
• Department Head Retail & Distribution (2020)                                                                                            Yandril
• Department Head Deposit & Wealth Product Risk
                                                              Professional Background
   (2021)                                                                                                                                                                                                 Operational Risk                  Consumer Credit Risk &
                                                              Serves at Bank Mandiri as:                                                                              Commercial Risk 1                                                          Analytics
• Group Head Retail Product Delivery & Fraud Risk
                                                              • Department Head of Model Risk Validator (2010-                                                      Athur Donald Hutagaol                Adityo Wicaksono                     Reza Ardiansyah
   Group (2023 – 2024)
                                                                 2014).                                                                    Executive
• Group Head Operational Risk Group (2024 - present)
                                                              • Department Head Credit Risk Modelling (2015-2016).                        Credit Officer
                                                              • Department Head Enterprise Risk Management (2016-
                                                                 2018).                                                Eco – A               Eco – B
                                                                                                                                                                      Commercial Risk 2                  Credit Portfolio Risk            Retail Collection & Recovery
                                                                                                                       • Iswandi             • Andry Yusuf                                               Alfanendya Safudi                  Kurnia Utama Hasibuan
                                                              • Group Head Credit Portfolio Risk Group                 • Budi Kurniawan      • Nurul Akhsani             Estiningsih
                                                                 (2018-present).                                       • Aried Riadi B           Sulistyawati
                                                                                                                                             • Pangondian
                                                                                                                                                 Omarmubarak
                                                                                                                                                 Pasaribu
                           BILY ARKAN                                                                                                        • Herudi Purnama                                            Policy & Procedure
                           Group Head Market                                                                                                 • I Komang Sugiartha                                             Mardiana
                                                                                                                                             • Dyota Mahoedara
                           Risk                                                                                                              • Ferry Tobing
                                                                                                                                             • Rommy Syailendra
                                                                                                                                             • Tjahjadi Harlianto
                                                                                                                                             • Meb Rullyna
                                                                                                                                                 Maharani
                                                                                                                                             • Masyuda Derita
                                                                                                                                             • Alvijanti
                                                                                                                                                 Rahajuningsih
Age : 46 Years old                                                                                                                           • Maria Nuringati
Citizenship : Indonesia
Domicile : Jakarta

Educational Background
• Bachelor of Accounting Economics from Universitas
   Trisakti (2000)
• Master of Management from Universitas Indonesia (2005)

Professional Background
Serves at Bank Mandiri as:
• Department Head Trading Risk (2012-2016)
• Department Head Assets & Liability Management (2016-
   2018)
• Deputy Group Head Retail Collection & Recovery East
   Indo (2018-2020)
• Group Head Market Risk (2021-present)


PT BANK MANDIRI (PERSERO) TBK                              1008                                                                                                                           1009                                          ANNUAL REPORT 2024
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RESOLUTION PLAN                                                                                                                                                                                                                RESOLUTION PLAN




Duties and Responsibilities of the Risk Management Unit                                                                        Satuan Kerja                                        Credit Portfolio Risk Group
                                                                                                                                   Unit                                          (Credit Portfolio Risk Manager)
Bank Mandiri’s Risk Management Unit consists of several work units, namely Market Risk Group, Operational                  Functions, Duties       • Develop and refine credit risk methodologies, Credit Risk Tools (Rating & Scoring, Watchlist,
Risk Group and Credit Portfolio Risk Group supervised by the Director of Risk Management. The duties                       and Responsibilities      Stress Testing and Financial Spreadsheet), as well as processes used in lending to meet business
and responsibilities of each work unit are as follows.                                                                     Credit Portfolio Risk     development needs, improve credit processes, and keep up with regulatory changes,
                                                                                                                           Group                     competition and best practices.
                                                                                                                                                   • Develop a Portfolio Guideline as a reference for credit growth and set a portfolio limit (per
  Satuan Kerja                                          Operational Risk Group                                                                       economic/industrial sector, segment, region) as a risk threshold that can be taken by the
                                                                                                                                                     Bank (risk appetite).
      Unit                                            (Operational Risk Manager)
                                                                                                                                                   • Carry out portfolio management on a bank-wide scale and per business segment, which
Functions, Duties      • Prepare and seek approval from the Board of Directors regarding the Bank’s risk appetite and                                includes allocation arrangements, reallocation and concentration of credit portfolios, sectoral
and Responsibilities     risk tolerance levels related to operational risk, including cyber security risk.                                           risk monitoring, as well as stress testing assessment and sectoral sensitivity analysis including
Operational Risk       • Establish and manage risk awareness and risk culture programs for the operational risks and                                 portfolio control if needed.
Group                    cyber security risks management across all employees to promote precautionary principles in                               • Control credit portfolio quality risks and ensure adequate loss reserves for the credit portfolio
                         managing operational and cybervsecurity risks.                                                                            • Formulate, prepare and coordinate the implementation of Enterprise Risk Management (ERM)
                       • Develop, implement, monitor, and evaluate the calculation of operational risk capital charge                                which includes policies, governance, methodologies, processes and information systems,
                         (regulatory capital charge) based on methodologies in accordance with applicable regulatory                                 to support the implementation of inherent risk management in business processes and risk-
                         requirements and Basel guidelines.                                                                                          based performance, by referring to international best practices, OJK/ BI regulations and the
                       • Provide input to management in the development, enhancement, and refinement of the risk                                     implementation of Basel II/III, as well as develop a Recovery Plan and Resolution Plan.
                         management framework for both operational risks and cyber security risks, including strategy,                             • Conduct/coordinate the process of identifying, measuring and analysing risks individually, as
                         policies, and the adequacy of the organizational line of defense.                                                           well as consolidated/integrated, among others through Risk Profile, Risk-Based Bank Rating,
                       • Develop and refine procedures, methodologies, and tools for implementing operational risk                                   and Scenario Analysis (Stress Testing).
                         management and cyber security risk management.                                                                            • Carry out the functions of the enterprise risk management model through the implementation
                       • Design, develop, and implement the Operational Risk Management System (ORM System), and                                     of governance models and validation models, hence the models used by the Bank (risk
                         monitor its usage to ensure optimal performance by relevant units.                                                          management models and business models) have the quality that can be held accountable
                       • Conduct socialization, training, and mentoring for the Operational Risk Management Unit                                     academically and business-wise and have met regulatory requirements.
                         during the implementation of the operational risk management framework across all units of                                • Manage credit databases and ERM data marts that are accurate, reliable and timely for use
                         Bank Mandiri.                                                                                                               in the modeling process, portfolio management and ERM implementation.
                       • Monitor and evaluate the adequacy and effectiveness of the implementation of the operational
                         risk management framework by the Operational Risk Management Unit comprehensively.
                       • Monitor the implementation of the cyber security risk management framework established by             Satuan Kerja                                             Market Risk Group
                         the Board of Directors and approved by the Board of Commissioners.                                        Unit                                               (Market Risk Manager)
                       • Conduct testing to assess the impact of the implementation of cyber security risk management
                         strategies and policies on the Bank’s overall risk profile.                                       Functions, Duties       • Measure market risk using a standardised method, an internal method, and market risk modelling.
                       • Review and provide recommendations for improvements in business processes and controls to         and Responsibilities    • Perform analysis, provide recommendations, and perform market risk mitigation function for
                         the Risk Owner Units, the Operational Risk Management Unit, and/or management.                    Market Risk Group         treasury treading activities on behalf of business units and management.
                       • Provide recommendations for the implementation of cyber security risk management to the                                   • Manage the Bank’s liquidity risk by applying liquidity risk management principles and preparing
                         Board of Directors and/or other relevant units.                                                                             alternative strategies for funding liabilities and asset payment so that the Bank’s liquidity is
                       • Prepare reports on the Bank’s operational risk management profile in accordance with regulatory                             managed efficiently, and the risk is controlled.
                         requirements and best practices, and submit them regularly to management and regulators.                                  • Manage interest rate risk and forex risk of the banking book portfolio and make recommendations
                       • Conduct and submit regular reports on the maturity assessment of cyber security risk management                             for the strategies to manage the Bank’s balance sheet to achieve optimum risk and return
                         implementation to regulators.                                                                                               rate in an effort to maintain profitability and increase shareholder value.
                       • Provide socialization and mentoring in the implementation of the operational risk framework                               • Manage information system concerning the management of interest rate risk, forex risk, and
                         across all subsidiaries, including reviewing and offering improvement recommendations.                                      liquidity risk.



                                                                                                                           Risk Management Certification

                                                                                                                           No         Name                        Position                                       Certification
                                                                                                                           1    Alfanendya Safudi Group Head Credit Portolio Risk          • Indonesia Banking Certification in Risk Management –
                                                                                                                                                                                             Level 6
                                                                                                                                                                                           • Financial Risk Manager (FRM)
                                                                                                                                                                                           • Chartered Financial Analyst (CFA)
                                                                                                                           2    Adityo Wicaksono Group Head Operational Risk               Sertifikasi Manajemen Risiko – Level 5 (LSPP)
                                                                                                                           3    Bily Arkan           Group Head Market Risk                Risk Management Certification - Level 6




PT BANK MANDIRI (PERSERO) TBK                              1010                                                                                                                     1011                                           ANNUAL REPORT 2024
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RISK MANAGEMENT UNIT                                                                                                                                                                    INTEGRATED RISK MANAGEMENT UNIT




Implementation of the Risk Management Unit                                                                             6. Examine the proposals for new business lines           In 2024, SKMRT has carried out several initiatives
                                                                                                                           that are strategic and significantly influential      in implementing consolidated/ integrated risk
In 2024, SKMR has implemented several initiatives/work plans to improve the implementation of Risk                         towards the Financial Conglomerates Risks             management, as follows:
Management, including:                                                                                                     exposure.                                             1. Conducting Mandiri Group Stress Testing
                                                                                                                       7. Provide information to the Integrated Risk                 periodically every semester.
1.   1st Pilot: Bottom-Up Climate Risk Stress Testing                                                                      Management Committee concerning matters               2. Conducting the Integrated Risk Management
2.   New Treasury Core System                                                                                              that must be acted upon the evaluation                    Forum (IRMF) periodically every quarter.
3.   Cyber Risk Management Framework                                                                                       results of the integrated risk management             3. Enhancing the strategy of market and liquidity
4.   Integrated Risk Register Framework                                                                                    implementation.                                           risk management of the Mandiri Group
5.   Anti Fraud Awareness for Internal External                                                                        8. Provide information to the Integrated Risk                 Financial Conglomerates.
                                                                                                                           Management Committee, with regard to the              4. Optimizing Key Indicators as Risk Monitoring
                                                                                                                           formulating and improvement of integrated                 Tools


INTEGRATED RISK
                                                                                                                           risk management policies.                             5. Enhancing the strategy of managing cyber
                                                                                                                       9. Prepare and submit integrated risk profile                 risk resilience.
                                                                                                                           reports periodically to the Director in charge


MANAGEMENT UNIT
                                                                                                                           of the integrated risk management function
                                                                                                                           and to the Integrated Risk Management
                                                                                                                           Committee.
                                                                                                                       10. Conduct integrated capital adequacy
                                                                                                                           assessment.
                                                                                                                       11. Monitor and submit the integrated capital
                                                                                                                           reports.

Bank Mandiri has established an Integrated Risk Management

                                                                                                                             DISCLOSURE OF RISK EXPOSURE
Unit (SKMRT), coordinated by the Credit Portfolio Risk Group,
which functions as an independent risk management unit
separate from the operational units (risk-taking units). This unit is
equipped with adequate policies, procedures, and mechanisms
                                                                                                                       The Bank presents a disclosure of risk exposures for credit risk, market risk, liquidity risk, and operational
for determining risk limits.                                                                                           risk as follows:

                                                                                                                       CREDIT RISK EXPOSURES
The SKMRT holds authorities and responsibilities              a. Risk profile of each Financial Services Institution   The Bank presents the disclosure of risk exposure to credit risk, market risk, liquidity risk and operational
as outlined in the Integrated Good Corporate                     (FSI) in the Financial Conglomerates.                 risk as follows:
Governance Guidelines, which include the                      b. Risk level of each integrated risks.
following:                                                    c. cIntegrated risk profile.                             Credit Risk Exposures:
                                                           4. Conduct stress testing.                                  1. Disclosure of Credit Quality on Assets (CR1)
1. Bank Mandiri, among others, in the preparation          5. Conduct periodic reviews to ensure:                      2. Disclosure of Credit Mutation and Overdue Securities (CR2)
   of integrated risk management policies, as                 a. The accuracy of the risk assessment                   3. Additional Disclosures on Credit Quality of Assets (CRB)
   well as the improvement or refinement of                      methodology.                                          4. Additional Disclosures related to the Treatment of Non-Performing Assets (CRB-A)
   integrated risk management policies based                  b. The adequacy of management information                5. Disclosure of Credit Risk Exposure and Impact of Credit Risk Mitigation Techniques (CR4)
   on the results of implementation evaluation.                  system implementation.                                6. Exposure Disclosure by Asset Class and Risk Weights (CR5)
2. Monitor the implementation of integrated                   c. The precision of policy, procedure                    7. Counterparty Credit Risk (CCR1) Exposure Analysis
   risk management policies including the                        and determination of Integrated Risks                 8. CCR Exposure by Portfolio Category and Risk Weight (CCR3)
   development of procedures and tools to                        Appropriateness of policies, procedures               9. Net Receivables of Credit Derivatives (CCR6)
   identify, measure, monitor, and control risks.                and risk limit setting, in an integrated              10. Disclosure of securitization Exposure in Banking Book (SEC1)
3. Conduct risk monitoring in the Financial                      manner.                                               11. Disclosure of securitization Exposure in Trading Book (SEC2)
   Conglomerates based on the results of the                                                                           12. Disclosure of securitization exposure in the banking book when the bank is the originator or sponsor
   following assessment:                                                                                                   and its capital requirements (SEC3)



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DISCLOSURE OF RISK EXPOSURE                                                                                                                                                                       DISCLOSURE OF RISK EXPOSURE




13. Disclosure of Securitization Exposure on banking           Disclosure of Interest Rate Risk in                    sheet in foreign currencies, from foreign exchange     The operational risk weighted assets position
    book and its capital requirements – Bank as                Banking Book (IRRBB) Exposures                         transactions with customers and counterparties         as at 31 December 2024 for Bank only stood at
    investor (SEC4)                                                                                                   causing open positions in the foreign exchange, or     Rp62.675.961,25 million, while the operational risk
                                                               The Interest Rate Risk in The Banking Book is a risk   from a structural position in the foreign exchange     RWA consolidated with the subsidiaries stood at
All tables regarding Credit Risk Exposures can be              due to movements of interest rates in the market       due to capital participation.                          Rp75.849.893,75 million.
found on pages 1016 - 1117 herein.                             that run counter to the position of the Banking
                                                               Book, which potentially impacts the capital and        Table 7.4 Disclosure of Risk Management                The following table provides information on
MARKET RISK EXPOSURES                                          income of the Bank in the current period or the        Implementation Report for IRRBB                        capital expenses and operational risk RWA
                                                               future.                                                                                                       with Standardized Approach (SA) method in
Market Risk Disclosure Using Standard                                                                                 All tables regarding Market Risk Exposures can be      accordance with the above OJK provisions.
Methods and Internal Models                                    According to OJK Circular No. 12/SEOJK.03/2018         found on pages 1118 - 1127 herein.
                                                               on “Implementation of Risk Management and                                                                     Table 9.1 Disclosure of Operational Risk Quantitative
The Bank regularly calculates the Capital                      Risk Measurement using a Standardized Method           LIQUIDITY RISK EXPOSURES                               – Bank Only and Consolidated with Subsidiaries
Adequacy Ratio (CAR) using a Standardized                      for Interest Rate Risk in The Banking Book for
Method that is reported monthly to the Financial               Commercial Banks”, the Bank uses 2 (two) methods       In order to improve liquidity resilience, the Bank     Table on Operational Risk Exposures can be found
Services Authority (OJK), while for the consolidated           in calculating the IRRBB:                              manages risk by measuring the short-term liquidity     on page 1015 herein.
position with its subsidiaries, it is reported quarterly.      1. Calculation based on changes in the                 adequacy ratio using the Liquidity Coverage
This reporting aims to improve the Bank’s quality                  economic value of equity, hereafter EVE,           Ratio (LCR) and the long-term using the Net                                                   31 December 2024
and quantity so the Bank will be able to absorb                    which is a method that measures the impact of      Stable Funding Ratio (NSFR). The Bank manages                                                      Position
                                                                                                                                                                                 Approach Used
potential losses due to financial and economic                     interest rate changes on the economic value        the LCR and NSFR ratios in accordance with the                                                Capital
                                                                                                                                                                                                                                  ATMR
crises.                                                            of equity of the Bank; and                         provisions of the Regulator, both individually and                                           Expenses
                                                               2. Calculation based on changes in net interest        on a consolidated basis, above the minimum limit       1 Standardized                       5,014,076.90        62,675,961.25
• Table 7.1 Disclosure of Market Risk using a                      income, hereafter NII, which is a method that      of 100%.                                                 Approach
                                                                                                                                                                               (Individual)
  Standardized Method                                              measures the impact of interest rate changes
                                                                                                                                                                             2 Standardized                       6,067,991.50        75,849,893.75
                                                                   on the income of the Bank.                         1. Table of Disclosure of Liquidity Coverage Ratio
                                                                                                                                                                               Approach
   For internal purposes, Bank Mandiri also has                                                                       2. Table of Disclosure of Net Stable Funding Ratio       (Consolidated)
   calculated using an Internal Method. The CAR                Based on the sensitivity analysis at the end of                                                                *) The Bank used standardized approach in calculating operational risk
   calculation using an internal method is done by             December 2024, the impact of interest rate             All tables regarding Liquidity Risk Exposures can
   applying Value at Risk (VaR), a value describing            changes on the economic value of equity and            be found on pages 1128 - 1149 herein.
   the maximum losses the Bank can handle                      the net interest income is as follows:                                                                        Bank Mandiri has carried out Trial on the calculation
   because of market movements affecting the                   1. Table 7.3a Disclosure of Interest Rate Risk in      OPERATIONAL RISK EXPOSURE                              of capital expenses operational risk using the
   Bank’s risks in normal market conditions with a                Banking Book (IRRBB) Exposures - Bank Only                                                                 Standardized Approach (SA) according to OJK
   99% confidence level. To obtain the VaR, the                2. Table 7.3b Disclosure of Interest Rate Risk         Calculating Operational                                circular No. 06/SEOJK/03/2020 concerning the
   method used is Historical Simulation. Realization              in Banking Book (IRRBB) Exposures - Bank            Risk-Weighted Assets (RWA)                             Calculation of Operational Risk-Weighted Assets
   of Value at Risk of Bank Mandiri in 2024 is as                 Consolidated with Subsidiaries                                                                             using Standardized Approach, which is effective
   follows:                                                                                                           To calculate its capital expenses and Operational      as of January 2023. Bank Mandiri was also the pilot
                                                               In addition to the disclosure of IRRBB exposures,      RWA, the Bank employs the Standardized                 project site in Indonesia for the implementation
• Table 7.2 Disclosure of Market Risk using an                 the Bank also discloses foreign exchange risk. The     Approach (SA) method in accordance with OJK            of Basel III Reform and has complied with the
  Internal Model (Value at Risk/VaR) - Bank Only               foreign exchange risk arises because of market         Circular Letter No.06/SEOJK.03/2020 regarding          Quantitative Impact Study reporting per semester
                                                               movements that run counter to Bank Mandiri’s           Operational RWA using the Standardized                 to simulate the calculation of capital adequacy
                                                               foreign exchange position. This risk comes from        Approach for Commercial Banks.                         ratio using the SA method under the Basel III
                                                               the Bank’s assets and liabilities in the balance                                                              Reform.




PT BANK MANDIRI (PERSERO) TBK                               1014                                                                                                      1015                                                    ANNUAL REPORT 2024
Page 230
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CREDIT QUALITY DISCLOSURE OF ASSETS (CR1)
                                                                                                                                                                            Credit Quality Disclosure of Assets (CR1)




1) Individual Bank December 31, 2024                                                                                                                                                                           (in million rupiah)

                                             Gross Carrying Value                                                                  CKPN                                         Allowances for
                                                            Past Undue                CKPN                                                                                    Impairment Losses         Net Value (a+b-c)
                                Past Due Receivables                                                       Stage 2 and Stage 3                      Stage 1                     (IRB Approach)
                                                            Receivables
                                         a                          b                  c                            d                                  e                                 f                       g

1      Loan                                  12,612,067             1,298,167,335           38,340,384                    29,246,079                        9,094,305                                                1,272,439,018

2      Securities                                 8,674                 174,276,057            19,023                             6,921                        12,102                                                 174,265,708

       Administrative Account
3                                                 5,987                 438,192,825          1,089,963                          677,834                       412,129                                                 437,108,849
       Transactions

4      Total                                 12,626,728             1,910,636,217           39,449,370                    29,930,834                        9,518,536                               -                1,883,813,575



2) Bank Consolidated with Subsidiaries December 31, 2024                                                                                                                                                        (in million rupiah)

                                             Gross Carrying Value                                                          CKPN
                                                                                                                                                                                           Allowances for
                                                                                                                                                               CKPN Sharia
                                                            Past Undue                CKPN               Stage 2 and Stage                Stage 1                                        Impairment Losses   Net Value (a+b-c)
                                Past Due Receivables                                                                                                            Exposure
                                                            Receivables                                          3                                                                         (IRB Approach)

                                         a                          b                  c                        d                           e                           f                       g                      h

1      Loan                                  18,655,047             1,604,561,565           39,164,194           29,415,789                     9,748,405                   10,273,223                               1,573,779,195

2      Securities                                 8,674                 290,833,711            25,903                   6,921                     18,982                       35,231                                      290781251

       Administrative Account
3                                                 5,987                 440,529,741          1,089,968              677,734                      412,234                       24,045                                      439421715
       Transactions

4      Total                                 18,669,708             2,335,925,017           40,280,065           30,100,444                  10,179,621                     10,332,499                   -           2,303,982,161



3) Additional Disclosures
Past Due Receivables is all Past Due Receivables of more than 90 (ninety) days, either on
principal payments and/or interest payments, or receivables to defaulting debtors.




PT BANK MANDIRI (PERSERO) TBK                       1016                                                                                                          1017                                        ANNUAL REPORT 2024
Page 231
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DISCLOSURE OF CREDIT MUTATION AND OVERDUE
SECURITIES (CR2)                                                                                                                   DISCLOSURE OF CREDIT MUTATION AND OVERDUE SECURITIES (CR2)




                                                                              (in million rupiah)
                                                                                                                                                                                         (in million rupiah)

1) Bank Only December 2024                                                       a
                                                                                                    2) Bank Consolidated with Subsidiaries December 2024                                    a


   1      Past Due Loan and Securities on last reporting period                      12,066,896
                                                                                                      1     Past Due Loan and Securities on last reporting period                               17,298,303


   2      Past Due Loan and Securities since last reporting period                    7,618,907
                                                                                                      2     Past Due Loan and Securities since last reporting period                            11,555,553


   3      Past Undue Loan and Securities that return to receivables                     459,308
                                                                                                      3     Past Undue Loan and Securities that return to receivables                              589,969


   4      Write-Off Value                                                            11,097,083
                                                                                                      4     Write-Off Value                                                                     13,745,223


   5      Other Movements                                                             4,488,501
                                                                                                      5     Other Movements                                                                      3,519,342


   6      Past Due Loan and Securities on last reporting period (1+2-3-4-5)          12,617,913
                                                                                                      6     Past Due Loan and Securities on last reporting period (1+2-3-4-5)                   18,038,007




                                                                                                    3) Additional Disclosures
                                                                                                    The value of Loans and Securities Maturing Individually and Consolidated in the December 2023 period
                                                                                                    decreased compared to June 2023. In general, the largest decline was contributed by write-offs of
                                                                                                    Credit books and Securities. Another change item is added to reconcile the total value of Loans and
                                                                                                    Securities Maturing at the end of the reporting period.




PT BANK MANDIRI (PERSERO) TBK                             1018                                                                                           1019                           ANNUAL REPORT 2024
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CREDIT RISK - ADDITIONAL DISCLOSURES ON CREDIT
QUALITY OF ASSETS (CRB)                                                                                                           CREDIT RISK - ADDITIONAL DISCLOSURES ON CREDIT QUALITY OF ASSETS (CRB)



QUANTITATIVE
1) Disclosure of Net Receivables by Region

i. Disclosure of Net Receivables by Region - Bank Only                                                                                                                                                  (In million rupiah)

                                                                   December 31, 2024                                                                               December 31, 2024


 No.           Portfolio Category                               Net Receivables by Region                                                                    Net Receivables by Region

                                                                                                                 Sulawesi &        Bali & Nusa
                                              Sumatera           Jakarta         Jawa           Kalimantan                                           Papua            Head Office       Overseas              Total
                                                                                                                  Maluku            Tenggara
  1     Government Receivables                            -        43,819,576               -                -                -                  -             -         300,810,252      77,617,272          422,247,100

  2     Public Sector Entities Receivables      10,612,221         66,808,182     13,867,756          87,676                  -           79,769             200          20,765,132        800,284           113,021,220

        Multilateral Development Banks
  3     and International Institutions                                                                                                                                                                                    -
        Receivables

  4     Bank Receivables                         1,741,588          4,165,073         56,668              46                  -                  -             -          68,331,651      21,232,523           95,527,550

        Receivables in the form of
  5                                                                                                                                                                                                                       -
        Covered Bond

        Securities Companies and Other
  6     Financial Services Institutions              3,010         11,653,420               -                -                -                  -             -              20,238                -          11,676,668
        Receivables

        Receivables in the form of
        Securities/Subordinated
  7                                                       -                 -               -                -                -                  -             -              22,970                               22,970
        Receivables, Equity and Other
        Capital Instruments

        Loans Secured by Residential
  8                                              5,620,485         28,736,121     18,966,443        2,251,314        2,911,602          2,487,995       765,281                     -               -          61,739,242
        Property

        Loans Secured by Commercial
  9                                              3,335,607         12,243,811      5,241,276         757,284          417,243            269,218         66,980                     -               -          22,331,419
        Real Estate

        Loan by Land Acquisition, Land
 10                                                       -          264,150        624,895                  -        283,715                    -             -                    -               -           1,172,760
        Processing and Construction

 11     Loan by Employee or Pensioner                9,352             41,220          6,188            7,962            4,725               445          1,728                     -               -              71,620

        Micro Business, Small Business, and
 12                                             45,657,355         78,427,143     58,951,182       15,524,175       20,186,114         11,663,107      6,083,369          23,160,649        304,223           259,957,317
        Retail Portfolio Receivables

 13     Corporate Receivables                   92,833,002        376,560,287     81,597,517       60,043,529       38,720,760         18,152,241      1,958,821         113,465,758      57,972,514          841,304,428

 14     Past Due Receivables                      475,440           1,950,468      1,167,907         249,457          281,237             64,374         61,164             119,405                18           4,369,468

 15     Other Assets                                      -                 -               -                -                -                  -             -          95,920,957                           95,920,957

TOTAL                                          160,288,059        624,669,451    180,479,833       78,921,444       62,805,396         32,717,149     8,937,543          622,617,012     157,926,833        1,929,362,719




PT BANK MANDIRI (PERSERO) TBK                            1020                                                                                                 1021                                      ANNUAL REPORT 2024
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CREDIT RISK - ADDITIONAL DISCLOSURES ON CREDIT QUALITY OF ASSETS (CRB)                                                                                                            CREDIT RISK - ADDITIONAL DISCLOSURES ON CREDIT QUALITY OF ASSETS (CRB)




i. Disclosure of Net Receivables by Region - Bank Only                                                                                                                                                                                                   (In million rupiah)

                                                                                             December 31, 2023                                                                                                      December 31, 2023


 No.              Portfolio Category                                                   Net Receivables by Region                                                                                              Net Receivables by Region

                                                                                                                                                                 Sulawesi &         Bali & Nusa
                                                              Sumatera                    Jakarta                     Jawa                 Kalimantan                                                 Papua            Head Office       Overseas              Total
                                                                                                                                                                  Maluku             Tenggara

  1     Government Receivables                                                  -            27,957,249                             -                        -                -                   -             -         352,491,241      64,858,187          445,306,677

  2     Public Sector Entities Receivables                         11,808,353                59,802,196                 9,800,474                     175,345              39              92,048               -          17,727,317        815,774           100,221,544

        Multilateral Development Banks
  3     and International Institutions                                                                                                                                                                                                                                     -
        Receivables

  4     Bank Receivables                                            1,619,174                 3,960,244                     61,481                        428                 -                   -             -          51,188,072      18,233,711           75,063,109

        Receivables in the form of
  5                                                                                                                                                                                                                                                                        -
        Covered Bond

        Securities Companies and Other
  6     Financial Services Institutions                                   3,002               7,306,108                             -                        -                -                   -             -                722                -            7,309,832
        Receivables

        Receivables in the form of
        Securities/Subordinated
  7                                                                                                                                                                                                                             2,970                                  2,970
        Receivables, Equity and Other
        Capital Instruments

        Loans Secured by Residential
  8                                                                 4,877,950                23,923,432                17,419,585                    1,882,237       2,478,621          2,072,633        562,408             111,662                -           53,328,528
        Property

        Loans Secured by Commercial
  9                                                                 2,041,040                12,162,727                 4,027,257                     625,202        1,123,630            117,928         62,675             375,753                -           20,536,212
        Real Estate

        Loan by Land Acquisition, Land
 10                                                                             -                187,271                   675,595                           -        396,806                     -             -                    -              -            1,259,671
        Processing and Construction

 11     Loan by Employee or Pensioner                                   10,772                    52,178                      7,140                     8,392            5,495               507           1,884                 400                                86,767

        Micro Business, Small Business, and
 12                                                                40,898,780                74,921,855                54,211,580                13,650,281         18,099,694         10,091,881       5,667,173          19,336,707       2,277,985          239,155,937
        Retail Portfolio Receivables

 13     Corporate Receivables                                      68,430,900              308,155,018                 66,413,702                41,994,719         25,596,337         16,321,967       2,009,609         122,083,108      51,175,318          702,180,677

 14     Past Due Receivables                                           317,107            -477,749,347                  1,194,210                     116,748         159,358              57,442         39,632          449,790,282      35,937,538            9,862,971

 15     Other Assets                                                                                                                                                                                                       92,584,977                           92,584,977

TOTAL                                                            130,007,079                 40,678,931              153,811,024                 58,453,351         47,859,979         28,754,405      8,343,381        1,105,693,208     173,298,513        1,746,899,873

Information :
Exposures related to transactions with CCP are outlined in a separate template in the Risk and Capital Exposure Publication Report section of this




PT BANK MANDIRI (PERSERO) TBK                                                 1022                                                                                                                             1023                                     ANNUAL REPORT 2024
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CREDIT RISK - ADDITIONAL DISCLOSURES ON CREDIT QUALITY OF ASSETS (CRB)                                                           CREDIT RISK - ADDITIONAL DISCLOSURES ON CREDIT QUALITY OF ASSETS (CRB)




      ii. Disclosure of Net Receivables by Region - Bank Consolidated with Subsidiaries                                                                                                                   (In million rupiah)

                                                                  December 31, 2024                                                                                December 31, 2024


 No.           Portfolio Category                              Net Receivables by Region                                                                     Net Receivables by Region

                                                                                                                Sulawesi &         Bali & Nusa
                                             Sumatera           Jakarta         Jawa           Kalimantan                                            Papua            Head Office       Overseas               Total
                                                                                                                 Maluku             Tenggara
  1     Government Receivables                          -         43,819,576               -                -                -                   -             -         320,412,102      77,617,272           441,848,950

  2     Public Sector Entities Receivables     10,612,221         66,808,182     13,867,756           87,676                 -            79,769             200          21,400,640        800,284            113,656,727

        Multilateral Development Banks
  3     and International Institutions                  -                  -               -                -                -                   -             -                    -               -                      -
        Receivables

  4     Bank Receivables                        1,741,588          4,165,073          56,668             46                  -                   -             -          65,989,432      21,232,523            93,185,331

        Receivables in the form of
  5                                                     -                  -               -                -                -                   -             -            168,099                 -              168,099
        Covered Bond

        Securities Companies and Other
  6     Financial Services Institutions             3,010         11,653,420               -                -                -                   -             -            -247,861                -           11,408,568
        Receivables

        Receivables in the form of
        Securities/Subordinated
  7                                                     -                  -               -                -                -                   -             -              22,970                -                22,970
        Receivables, Equity and Other
        Capital Instruments

        Loans Secured by Residential
  8                                             5,620,485         28,736,121     18,966,443        2,251,314        2,911,602          2,487,995        765,281               48,334                -           61,787,576
        Property

        Loans Secured by Commercial
  9                                             3,335,607         12,243,811      5,241,276         757,284          417,243             269,218         66,980                     -               -           22,331,419
        Real Estate

        Loan by Land Acquisition, Land
 10                                                     -           264,150        624,895                  -        283,715                     -             -                    -               -            1,172,760
        Processing and Construction

 11     Loan by Employee or Pensioner               9,352             41,220           6,188           7,962            4,725               445           1,728           36,031,991                -           36,103,611

        Micro Business, Small Business,
 12                                            45,657,355         78,427,143     58,951,182       15,524,175       20,186,114         11,663,107       6,083,369          72,522,783        304,223            309,319,451
        and Retail Portfolio Receivables

 13     Corporate Receivables                  92,833,002        376,560,287     81,597,517       60,043,529       38,720,760         18,152,241       1,958,821         115,467,825      57,972,514           843,306,495

 14     Past Due Receivables                     475,440           1,950,468      1,167,907         249,457          281,237              64,374         61,164             514,802                18            4,764,865

 15     Other Assets                                    -                  -               -                -                -                   -             -         102,729,884                -          102,729,884

 16     Exposure in Subsidiaries - Sharia      78,451,526        172,810,207    108,470,144       28,405,233       16,395,744          8,214,281        942,335                     -         10,531           413,700,001

TOTAL                                         238,739,585        797,479,658    288,949,977      107,326,677       79,201,140         40,931,430      9,879,878          735,061,001     157,937,364         2,455,506,710




PT BANK MANDIRI (PERSERO) TBK                           1024                                                                                                  1025                                      ANNUAL REPORT 2024
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CREDIT RISK - ADDITIONAL DISCLOSURES ON CREDIT QUALITY OF ASSETS (CRB)                                                                                                       CREDIT RISK - ADDITIONAL DISCLOSURES ON CREDIT QUALITY OF ASSETS (CRB)




      ii. Disclosure of Net Receivables by Region - Bank Consolidated with Subsidiaries                                                                                                                                                              (In million rupiah)

                                                                                          December 31, 2023                                                                                                    December 31, 2023


 No.             Portfolio Category                                                 Net Receivables by Region                                                                                            Net Receivables by Region

                                                                                                                                                            Sulawesi &         Bali & Nusa
                                                           Sumatera                   Jakarta                    Jawa                Kalimantan                                                  Papua            Head Office       Overseas              Total
                                                                                                                                                             Maluku             Tenggara
  1     Government Receivables                                              -            27,957,249                            -                        -                -                   -             -         365,823,426      64,858,187          458,638,862

  2     Public Sector Entities Receivables                      11,808,353               59,802,196                 9,800,474                  175,345                39              92,048               -          18,304,879        815,774           100,799,107

        Multilateral Development Banks
  3     and International Institutions                                      -                        -                         -                        -                -                   -             -                    -              -                      -
        Receivables

  4     Bank Receivables                                         1,619,174                 3,960,244                   61,481                       428                  -                   -             -          51,818,558      18,233,711           75,693,595

        Receivables in the form of
  5                                                                         -                        -                         -                        -                -                   -             -                    -              -                      -
        Covered Bond

        Securities Companies and Other
  6     Financial Services Institutions                                3,002               7,306,108                           -                        -                -                   -             -                722                -            7,309,832
        Receivables

        Receivables in the form of
        Securities/Subordinated
  7                                                                         -                        -                         -                        -                -                   -             -               2,970               -                  2,970
        Receivables, Equity and Other
        Capital Instruments

        Loans Secured by Residential
  8                                                              4,877,950               23,923,432               17,419,585                 1,882,237          2,478,621           2,072,633       562,408             159,711                -           53,376,577
        Property

        Loans Secured by Commercial
  9                                                              2,041,040               12,162,727                 4,027,257                  625,202          1,123,630            117,928         62,675             375,753                -           20,536,212
        Real Estate

        Loan by Land Acquisition, Land
 10                                                                         -                187,271                  675,595                           -        396,806                     -             -                    -              -            1,259,671
        Processing and Construction

 11     Loan by Employee or Pensioner                                10,772                   52,178                     7,140                    8,392             5,495                507          1,884           30,166,434               -           30,252,801

        Micro Business, Small Business, and
 12                                                             40,898,780               74,921,855               54,211,580               13,650,281          18,099,694          10,091,881      5,667,173          62,176,641       2,277,985          281,995,871
        Retail Portfolio Receivables

 13     Corporate Receivables                                   68,430,900              308,155,018               66,413,702               41,994,719          25,596,337          16,321,967      2,009,609         124,230,445      51,175,318          704,328,015

 14     Past Due Receivables                                        317,107            -477,749,347                 1,194,210                  116,748           159,358              57,442         39,632          450,049,643      35,937,538           10,122,333

 15     Other Assets                                                        -                        -                        -                         -                -                   -             -          98,598,603               -           98,598,603

 16     Exposure in Subsidiaries - Sharia                       64,401,779              159,902,173               92,686,085               21,912,872          13,075,318           6,351,277       834,400                     -              -          359,163,904

TOTAL                                                         194,408,858              200,581,104              246,497,109                80,366,223          60,935,297         35,105,682      9,177,781        1,201,707,785     173,298,513        2,202,078,353
Description:
For the position of 31 December 2023, the Economic Sector mapping refers to the template of the Credit Risk Publication Report according to SEOJK No. 24/
SEOJK.03/2021.




PT BANK MANDIRI (PERSERO) TBK                                              1026                                                                                                                          1027                                      ANNUAL REPORT 2024
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CREDIT RISK - ADDITIONAL DISCLOSURES ON CREDIT
                                                                                                                                                    CREDIT RISK - ADDITIONAL DISCLOSURES ON CREDIT QUALITY OF ASSETS (CRB)
QUALITY OF ASSETS (CRB)



2) Disclosure of Net Receivables by Economic Sector

i. Disclosure of Net Receivables by Economic Sector - Bank Only                                                                                                                                                                       (in million rupiah)

                                                                                                               Receivables
                                                                                                Securities                                                                                        Micro
                                                    Multilateral                                                in the form
                                                                                              Companies                                                          Loan by Land                   Business,
                                         Public    Development                                                of Securities/     Loans             Loans
                                                                              Receivables      and Other                                                          Acquisition,     Loan by        Small
          Economic         Government    Sector     Banks and       Bank                                      Subordinated     Securedby         Secured by                                                    Corporate      Past Due        Other
 No.                                                                         in the form of     Financial                                                            Land        Employee or    Business,
           Sectors         Receivables   Entities  International Receivables                                  Receivables,     Residential       Residential                                                  Receivables    Receivables      Assets
                                                                             Covered Bond        Services                                                       Processing and    Pensioner     and Retail
                                       Receivables  Institutions                                                Equity and      Property          Property
                                                                                               Institutions                                                      Construction                    Portfolio
                                                   Receivables                                                Other Capital
                                                                                              Receivables                                                                                      Receivables
                                                                                                               Instruments

December, 31 2024

       Agriculture,
  1    Forestry, and                  -   10,651,145                        -                            -                 -                 -       436,283                 -             -     25,888,238     88,477,320        429,183
       Fisheries

       Mining and
  2                                   -    3,043,641                 275,382                             -                 -                 -        90,552                 -             -         75,760    141,170,881        749,426
       Extracting

       Processing
  3                                   -    7,468,571                        -                            -                 -                 -      5,224,176          552,883             -      6,823,689    160,723,256        465,810
       Industry

       Electricity, Gas,
  4    Hot Water and                  -   15,966,314                        -                            -                 -                 -       208,129                 -             -          2,000     36,988,050          1,136
       Cold Water

       Water
       Management,
       Waste
  5    Management,                    -        1,667                        -                            -                 -                 -              -                -             -           457       5,307,610              -
       Garbage
       Management
       and Recycling

  6    Construction                   -   21,747,349                        -                            -                 -                 -       350,978           101,919             -         80,744     52,440,088        106,712

       Wholesale and
       Retail Trade; Car
  7    and Motorcycle                 -     694,889                         -                            -                 -                 -      1,736,234                -             -     42,838,242     72,021,709        464,479
       Repair &
       Maintenance

       Transportation &
  8                                   -   29,290,143                        -                            -                 -                 -       218,743                 -             -      2,239,365     49,537,993         32,860
       Warehousing

       Accommodation
  9                                   -            -                        -                            -                 -                 -      2,394,841                -             -      9,288,544     10,177,908         54,432
       and Restaurants

       Information and
 10                                   -    1,788,936                        -                            -                 -                 -        36,661                 -             -        213,379     37,084,772         11,623
       Communications

       Finance and
 11    Insurance              5,068,035    2,364,604                9,892,959                   11,656,429                 -                 -              -                -             -        253,360     44,512,334          3,101
       Activities

 12    Real Estate                    -      68,127                         -                            -                 -                 -      8,689,056          517,959             -          8,445     27,787,762         18,341

       Professional,
       Science, and
 13                                   -      46,642                         -                            -                 -                 -              -                -             -        334,752      1,756,570          2,275
       Technical
       Activities




PT BANK MANDIRI (PERSERO) TBK                             1028                                                                                                                         1029                                        ANNUAL REPORT 2024
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 i. Disclosure of Net Receivables by Economic Sector - Bank Only                                                                                                                                                                      (in million rupiah)

                                                                                                              Receivables
                                                                                               Securities                                                                                         Micro
                                                   Multilateral                                                in the form
                                                                                             Companies                                                          Loan by Land                    Business,
                                        Public    Development                                                of Securities/     Loans             Loans
                                                                             Receivables      and Other                                                          Acquisition,      Loan by        Small
          Economic        Government    Sector     Banks and       Bank                                      Subordinated     Securedby         Secured by                                                     Corporate      Past Due        Other
 No.                                                                        in the form of     Financial                                                            Land         Employee or    Business,
           Sectors        Receivables   Entities  International Receivables                                  Receivables,     Residential       Residential                                                   Receivables    Receivables      Assets
                                                                            Covered Bond        Services                                                       Processing and     Pensioner     and Retail
                                      Receivables  Institutions                                                Equity and      Property          Property
                                                                                              Institutions                                                      Construction                     Portfolio
                                                  Receivables                                                Other Capital
                                                                                             Receivables                                                                                       Receivables
                                                                                                              Instruments

       Lease and
       Lease without
       Option Rights,
       Labor, Travel
  14                        63,908,282             -                       -                            -                                   -              -                 -             -            40           2,388              -
       Agents, and
       Other Business
       Support
       Activities

       Government,
       Defense, and
  15   Mandatory                     -             -                       -                            -                                   -              -                 -             -        171,130        664,683           551
       Social Security
       Administration

  16   Education                     -       11,642                        -                            -                                   -       334,971                  -             -        328,111      9,138,455          3,743

       Human Health
  17   and Social                    -             -                       -                            -                                   -              -                 -             -          8,599         63,785            70
       Activities

       Professional,
       Science, and
  18                        34,920,589        40,772                       -                            -                                   -              -                 -             -      5,480,294        564,104         32,690
       Technical
       Activities

       Other Services
  19                                 -             -                       -                            -                                   -              -                 -             -        146,088              -           155
       Activities

       Household
       Activities as
       Employer:
       Activities that
       produce goods
  20                                 -             -                200,000                             -                                   -              -                 -             -              -              -              -
       and services
       by households
       that are used to
       meet their own
       needs

       International
       Agencies and
       Other Extra-
  21                              288          2,271                 16,570                             -                       60,569,330         2,596,830                 -             -    139,088,456     11,685,223      1,860,527
       International
       Agencies
       Activities

  22   Household                32,532        43,435                   1,444                            -                                   -              -                 -        71,620     24,988,992        317,079        118,776

  23   Non-Business                  -           98                        -                            -                                   -        13,965                  -             -      1,600,380     10,673,879         11,553

  24   Others              318,317,375    19,790,974              85,141,194                       20,238            22,970      1,169,911                 -                 -             -         98,253     80,208,579          2,023    95,920,957

        TOTAL              422,247,100   113,021,220         -    95,527,550             -     11,676,668            22,970     61,739,242        22,331,419         1,172,760        71,620    259,957,317    841,304,428      4,369,468    95,920,957




PT BANK MANDIRI (PERSERO) TBK                            1030                                                                                                                          1031                                       ANNUAL REPORT 2024
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CREDIT RISK - ADDITIONAL DISCLOSURES ON CREDIT QUALITY OF ASSETS (CRB)                                                                              CREDIT RISK - ADDITIONAL DISCLOSURES ON CREDIT QUALITY OF ASSETS (CRB)




i. Disclosure of Net Receivables by Economic Sector - Bank Only                                                                                                                                                                       (in million rupiah)

                                                                                                               Receivables
                                                                                                Securities                                                                                        Micro
                                                    Multilateral                                                in the form
                                                                                              Companies                                                          Loan by Land                   Business,
                                         Public    Development                                                of Securities/     Loans             Loans
                                                                              Receivables      and Other                                                          Acquisition,     Loan by        Small
          Economic         Government    Sector     Banks and       Bank                                      Subordinated     Securedby         Secured by                                                    Corporate      Past Due        Other
 No.                                                                         in the form of     Financial                                                            Land        Employee or    Business,
           Sectors         Receivables   Entities  International Receivables                                  Receivables,     Residential       Residential                                                  Receivables    Receivables      Assets
                                                                             Covered Bond        Services                                                       Processing and    Pensioner     and Retail
                                       Receivables  Institutions                                                Equity and      Property          Property
                                                                                               Institutions                                                      Construction                    Portfolio
                                                   Receivables                                                Other Capital
                                                                                              Receivables                                                                                      Receivables
                                                                                                               Instruments

December 31, 2023

       Agriculture,
  1    Forestry, and                  -   12,013,735          -             -             -              -                 -                 -      1,493,580                -             -     24,239,506     79,635,178        617,470
       Fisheries

       Mining and
  2                                   -    3,801,257          -             -             -              -                 -                 -       148,056                 -             -         24,722    103,207,891          4,245
       Extracting

       Processing
  3                                   -   12,713,952          -             -             -            132                 -          3,117         4,329,533          604,642             -      6,254,503    129,014,781      3,177,625
       Industry

       Electricity, Gas,
  4    Hot Water and                  -   15,890,206          -             -             -              -                 -                 -       838,547                 -             -           144      28,868,159           101
       Cold Water

       Water
       Management,
       Waste
  5    Management,                    -            -          -             -             -              -                 -                 -              -                -             -           512         497,082            22
       Garbage
       Management
       and Recycling

  6    Construction                   -   15,484,683          -             -             -              -                 -           699            63,599            75,618             -        223,407     49,556,679      3,609,726

       Wholesale and
       Retail Trade; Car
  7    and Motorcycle                 -     439,722           -             -             -            784                 -                 -      2,231,054                -             -     39,451,388     53,882,103        358,401
       Repair &
       Maintenance

       Transportation &
  8                                   -   15,049,926          -             -             -              -                 -                 -       268,822                 -             -      1,979,702     39,459,892         50,033
       Warehousing

       Accommodation
  9                                   -            -          -             -             -              -                 -                 -      2,336,600                -             -      8,526,116      8,997,845         43,524
       and Restaurants

       Information and
 10                                   -    2,690,131          -             -             -              -                 -                 -       478,138                 -             -        220,893     24,242,926          1,553
       Communications

       Finance and
 11    Insurance              4,086,343    4,714,250          -     8,015,175             -      7,308,194                 -         3,867                  -                -             -        310,552     25,757,565         17,070
       Activities

 12    Real Estate                    -            -          -             -             -              -                 -                 -      6,012,922          579,411             -          1,882     20,586,831         48,610

       Professional,
       Science, and
 13                                   -      39,995           -             -             -              -                 -                 -              -                -             -        247,885      6,926,716          1,525
       Technical
       Activities




PT BANK MANDIRI (PERSERO) TBK                             1032                                                                                                                         1033                                        ANNUAL REPORT 2024
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CREDIT RISK - ADDITIONAL DISCLOSURES ON CREDIT QUALITY OF ASSETS (CRB)                                                                             CREDIT RISK - ADDITIONAL DISCLOSURES ON CREDIT QUALITY OF ASSETS (CRB)




i. Disclosure of Net Receivables by Economic Sector - Bank Only                                                                                                                                                                       (in million rupiah)

                                                                                                              Receivables
                                                                                               Securities                                                                                         Micro
                                                   Multilateral                                                in the form
                                                                                             Companies                                                          Loan by Land                    Business,
                                        Public    Development                                                of Securities/     Loans             Loans
                                                                             Receivables      and Other                                                          Acquisition,      Loan by        Small
          Economic        Government    Sector     Banks and       Bank                                      Subordinated     Securedby         Secured by                                                     Corporate      Past Due        Other
 No.                                                                        in the form of     Financial                                                            Land         Employee or    Business,
           Sectors        Receivables   Entities  International Receivables                                  Receivables,     Residential       Residential                                                   Receivables    Receivables      Assets
                                                                            Covered Bond        Services                                                       Processing and     Pensioner     and Retail
                                      Receivables  Institutions                                                Equity and      Property          Property
                                                                                              Institutions                                                      Construction                     Portfolio
                                                  Receivables                                                Other Capital
                                                                                             Receivables                                                                                       Receivables
                                                                                                              Instruments

       Lease and
       Lease without
       Option Rights,
       Labor, Travel
 14                                  -           76          -             -             -              -                 -                 -        41,356                  -             -      1,375,615     11,587,784         22,821
       Agents, and
       Other Business
       Support
       Activities

       Government,
       Defense, and
 15    Mandatory            52,292,754             -         -             -             -              -                 -                 -              -                 -             -            15          15,385              -
       Social Security
       Administration

 16    Education                     -        25,007         -             -             -              -                 -                 -              -                 -             -        132,861        376,097           281

       Human Health
 17    and Social                    -             -         -             -             -              -                 -                 -       413,826                  -             -        331,084      7,068,370          3,915
       Activities

       Professional,
       Science, and
 18                                  -             -         -             -             -              -                 -                 -              -                 -             -          7,458        154,240          2,714
       Technical
       Activities

       Other Services
 19                         19,117,369         4,500         -             -             -              -                 -          1,651                 -                 -             -      4,288,803        617,292         17,079
       Activities

       Household
       Activities as
       Employer:
       Activities that
       produce goods
 20                                  -             -         -             -             -              -                 -                 -              -                 -             -         28,534              -           402
       and services
       by households
       that are used to
       meet their own
       needs

       International
       Agencies and
       Other Extra-
 21                                  -             -         -      528,647              -              -                 -                 -              -                 -             -            87               -              -
       International
       Agencies
       Activities

 22    Household                  334          2,662         -       16,592              -              -                 -     53,318,945         1,880,179                 -        86,767    131,015,190      8,639,996      1,179,859

 23    Non-Business             29,748        32,545         -         1,360             -              -                 -           249                  -                 -             -     20,457,868        179,854         46,212

 24    Others              369,780,129    17,318,897         -    66,501,335             -            722             2,970                 -              -                 -             -                   102,908,010        659,783    92,584,977

        TOTAL              445,306,677   100,221,544         -    75,063,109             -      7,309,832             2,970     53,328,528        20,536,212         1,259,671        86,767    239,118,725    702,180,677      9,862,971    92,584,977




PT BANK MANDIRI (PERSERO) TBK                            1034                                                                                                                          1035                                        ANNUAL REPORT 2024
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CREDIT RISK - ADDITIONAL DISCLOSURES ON CREDIT QUALITY OF ASSETS (CRB)                                                                                                     CREDIT RISK - ADDITIONAL DISCLOSURES ON CREDIT QUALITY OF ASSETS (CRB)




ii. Disclosure of Net Receivables by Economic Sector - Bank Consolidated with Subsidiaries                                                                                                                                                                (In million rupiah)

                                                                                                                                               Receivables
                                                                                                                             Securities          in the form                            Loan by                 Micro
                                                                   Multilateral
                                                                                                                           Companies           of Securities/                             Land                Business,
                                                  Public          Development                           Receivables                                             Loans       Loans                   Loan by
                                                                                                                            and Other          Subordinated                           Acquisition,              Small                                             Exposure in
                              Government          Sector           Banks and             Bank            in the form                                          Securedby Secured by                 Employee               Corporate   Past Due       Other
No.   Economic Sectors                                                                                                       Financial         Receivables,                               Land                Business,                                           Subsidiaries
                              Receivables         Entities        International       Receivables       of Covered                                            Residential Residential                  or                Receivables Receivables     Assets
                                                                                                                              Services              Equity                             Processing             and Retail                                            - Sharia
                                                Receivables        Institutions                              Bond                                              Property    Property                Pensioner
                                                                                                                            Institutions         and Other                                 and                 Portfolio
                                                                  Receivables
                                                                                                                           Receivables             Capital                            Construction           Receivables
                                                                                                                                                Instruments

December 31, 2024

      Agriculture,
  1   Forestry, and                         -      10,651,145                     -                 -                  -                   -              -           -     436,283            -          -    25,888,238     88,477,320   429,183            -     24,021,293
      Fisheries

      Mining and
  2                                         -       3,043,641                     -         275,382                    -                   -              -           -      90,552            -          -          75,760 141,170,881    749,426            -      2,024,270
      Extracting

  3   Processing Industry                   -       7,468,571                     -                 -                  -                   -              -           -   5,224,176      552,883          -     6,823,689 160,723,256      465,810            -                 -

      Electricity, Gas, Hot
  4   Water and Cold                        -      15,966,314                     -                 -                  -                   -              -           -     208,129            -          -           2,000   36,988,050     1,136            -      6,517,034
      Water

      Water
      Management,
      Waste
  5   Management,                           -           1,667                     -                 -                  -                   -               -          -           -            -          -            457     5,307,610         -            -     12,320,021
      Garbage
      Management and
      Recycling

  6   Construction                          -      21,747,349                     -                 -                  -                   -               -          -     350,978      101,919          -          80,744   52,440,088   106,712            -     16,031,152

      Wholesale and
      Retail Trade; Car
  7   and Motorcycle                        -        694,889                      -                 -                  -                   -               -          -   1,736,234            -          -    42,838,242     72,021,709   464,479            -     19,081,743
      Repair &
      Maintenance

      Transportation &
  8                                         -      29,290,143                     -                 -                  -                   -               -          -     218,743            -          -     2,239,365     49,537,993    32,860            -      7,199,113
      Warehousing

      Accommodation
  9                                         -                 -                   -                 -                  -                   -               -          -   2,394,841            -          -     9,288,544     10,177,908    54,432            -      3,134,584
      and Restaurants

      Information and
 10                                         -       1,788,936                     -                 -                  -                   -               -          -      36,661            -          -      213,379      37,084,772    11,623            -                 -
      Communications

      Finance and
 11                               5,068,035         2,364,604                     -       9,892,959                    -        11,388,330                 -          -           -            -          -      253,360      44,512,334     3,101            -     10,057,099
      Insurance Activities

 12   Real Estate                           -         68,127                      -                 -                  -                   -               -          -   8,689,056      517,959          -           8,445   27,787,762    18,341            -      5,290,563

      Professional,
 13   Science, and                          -         46,642                      -                 -                  -                   -               -          -           -            -          -      334,752       1,756,570     2,275            -                 -
      Technical Activities




PT BANK MANDIRI (PERSERO) TBK                                 1036                                                                                                                                            1037                                   ANNUAL REPORT 2024
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CREDIT RISK - ADDITIONAL DISCLOSURES ON CREDIT QUALITY OF ASSETS (CRB)                                                                                                      CREDIT RISK - ADDITIONAL DISCLOSURES ON CREDIT QUALITY OF ASSETS (CRB)




ii. Disclosure of Net Receivables by Economic Sector - Bank Consolidated with Subsidiaries                                                                                                                                                                 (In million rupiah)

                                                                                                                                              Receivables
                                                                                                                            Securities          in the form                            Loan by                 Micro
                                                                  Multilateral
                                                                                                                          Companies           of Securities/                             Land                Business,
                                                 Public          Development                           Receivables                                             Loans       Loans                   Loan by
                                                                                                                           and Other          Subordinated                           Acquisition,              Small                                               Exposure in
                             Government          Sector           Banks and             Bank            in the form                                          Securedby Secured by                 Employee               Corporate   Past Due         Other
No.   Economic Sectors                                                                                                      Financial         Receivables,                               Land                Business,                                             Subsidiaries
                             Receivables         Entities        International       Receivables       of Covered                                            Residential Residential                  or                Receivables Receivables       Assets
                                                                                                                             Services              Equity                             Processing             and Retail                                              - Sharia
                                               Receivables        Institutions                              Bond                                              Property    Property                Pensioner
                                                                                                                           Institutions         and Other                                 and                 Portfolio
                                                                 Receivables
                                                                                                                          Receivables             Capital                            Construction           Receivables
                                                                                                                                               Instruments

      Lease and Lease
      without Option
      Rights, Labor,
 14                              63,908,282                  -                   -                 -                  -                   -              -             -            -          -          -            40        2,388            -            -                 -
      Travel Agents, and
      Other Business
      Support Activities

      Government,
      Defense, and
 15   Mandatory                            -                 -                   -                 -                  -                   -              -             -            -          -          -      171,130       664,683         551             -                 -
      Social Security
      Administration

 16   Education                            -          11,642                     -                 -                  -                   -              -             -     334,971           -          -      328,111      9,138,455      3,743             -      4,900,479

      Human Health and
 17                                        -                 -                   -                 -                  -                   -              -             -            -          -          -          8,599      63,785          70             -      9,381,831
      Social Activities

      Professional,
 18   Science, and               34,920,589           40,772                     -                 -                  -                   -              -             -            -          -          -     5,480,294      564,104      32,690             -      3,611,508
      Technical Activities

      Other Services
 19                                        -                 -                   -                 -                  -                   -              -             -            -          -          -      146,088              -        155             -                 -
      Activities

      Household
      Activities as
      Employer: Activities
      that produce
 20                                        -                 -                   -         200,000                    -                   -              -             -            -          -          -              -            -           -            -        157,600
      goods and services
      by households that
      are used to meet
      their own needs

      International
      Agencies and
 21   Other Extra-                     288             2,271                     -          16,570                    -                   -              -    60,569,330    2,596,830          -          -   139,088,456    11,685,223   1,860,527            -                 -
      International
      Agencies Activities

 22   Household                      32,532           43,435                     -           1,444                    -                   -               -            -            -          -     71,620    24,988,992      317,079     118,776             -                 -

 23   Non-Business                         -             98                      -                 -                  -                   -               -            -      13,965           -          -     1,600,380    10,673,879     11,553             -    151,175,257

 24   Others                    337,919,225       20,426,482                     -      82,798,975           168,099               20,238           22,970     1,218,245           0           0 36,031,991    49,460,387    82,210,646    397,420 102,729,884      138,796,454

          TOTAL                 441,848,950      113,656,727                     -      93,185,331           168,099          11,408,568            22,970    61,787,576   22,331,419   1,172,760 36,103,611 309,319,451 843,306,495      4,764,865 102,729,884     413,700,001




PT BANK MANDIRI (PERSERO) TBK                                1038                                                                                                                                             1039                                    ANNUAL REPORT 2024
Page 242
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CREDIT RISK - ADDITIONAL DISCLOSURES ON CREDIT QUALITY OF ASSETS (CRB)                                                                                                     CREDIT RISK - ADDITIONAL DISCLOSURES ON CREDIT QUALITY OF ASSETS (CRB)




ii. Disclosure of Net Receivables by Economic Sector - Bank Consolidated with Subsidiaries                                                                                                                                                                 (In million rupiah)

                                                                                                                                               Receivables
                                                                                                                             Securities          in the form                            Loan by                 Micro
                                                                   Multilateral
                                                                                                                           Companies           of Securities/                             Land                Business,
                                                  Public          Development                           Receivables                                             Loans       Loans                   Loan by
                                                                                                                            and Other          Subordinated                           Acquisition,              Small                                               Exposure in
                              Government          Sector           Banks and             Bank            in the form                                          Securedby Secured by                 Employee               Corporate   Past Due         Other
No.   Economic Sectors                                                                                                       Financial         Receivables,                               Land                Business,                                             Subsidiaries
                              Receivables         Entities        International       Receivables       of Covered                                            Residential Residential                  or                Receivables Receivables       Assets
                                                                                                                              Services              Equity                             Processing             and Retail                                              - Sharia
                                                Receivables        Institutions                              Bond                                              Property    Property                Pensioner
                                                                                                                            Institutions         and Other                                 and                 Portfolio
                                                                  Receivables
                                                                                                                           Receivables             Capital                            Construction           Receivables
                                                                                                                                                Instruments

December, 31 2023

      Agriculture,
  1   Forestry, and                         -      12,013,735                     -                 -                  -                   -              -           -   1,493,580            -          -    24,239,506     79,635,178    617,470             -     17,674,425
      Fisheries

      Mining and
  2                                         -       3,801,257                     -                 -                  -                   -              -           -     148,056            -          -          24,722 103,207,891       4,245             -      2,395,027
      Extracting

  3   Processing Industry                   -      12,713,952                     -                 -                  -              132                 -       3,117   4,329,533      604,642          -     6,254,503 129,014,781      3,177,625            -                -

      Electricity, Gas, Hot
  4   Water and Cold                        -      15,890,206                     -                 -                  -                   -              -           -     838,547            -          -            144    28,868,159        101             -      4,508,138
      Water

      Water
      Management,
      Waste
  5   Management,                           -                 -                   -                 -                  -                   -               -          -           -            -          -            512      497,082          22             -     10,369,364
      Garbage
      Management and
      Recycling

  6   Construction                          -      15,484,683                     -                 -                  -                   -               -        699      63,599       75,618          -      223,407      49,556,679   3,609,726            -     18,119,125

      Wholesale and
      Retail Trade; Car
  7   and Motorcycle                        -        439,722                      -                 -                  -              784                  -          -   2,231,054            -          -    39,451,388     53,882,103    358,401             -     16,932,240
      Repair &
      Maintenance

      Transportation &
  8                                         -      15,049,926                     -                 -                  -                   -               -          -     268,822            -          -     1,979,702     39,459,892     50,033             -      8,294,883
      Warehousing

      Accommodation
  9                                         -                 -                   -                 -                  -                   -               -          -   2,336,600            -          -     8,526,116      8,997,845     43,524             -      2,720,985
      and Restaurants

      Information and
 10                                         -       2,690,131                     -                 -                  -                   -               -          -     478,138            -          -      220,893      24,242,926      1,553             -                -
      Communications

      Finance and
 11                               4,086,343         4,714,250                     -       8,015,175                    -         7,308,194                 -      3,867           -            -          -      310,552      25,757,565     17,070             -      8,527,502
      Insurance Activities

 12   Real Estate                           -                 -                   -                 -                  -                   -               -          -   6,012,922      579,411          -           1,882   20,586,831     48,610             -      3,834,291

      Professional,
 13   Science, and                          -         39,995                      -                 -                  -                   -               -          -           -            -          -      247,885       6,926,716      1,525             -                -
      Technical Activities




PT BANK MANDIRI (PERSERO) TBK                                 1040                                                                                                                                            1041                                      ANNUAL REPORT 2024
Page 243
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CREDIT RISK - ADDITIONAL DISCLOSURES ON CREDIT QUALITY OF ASSETS (CRB)                                                                                                                               CREDIT RISK - ADDITIONAL DISCLOSURES ON CREDIT QUALITY OF ASSETS (CRB)




ii. Disclosure of Net Receivables by Economic Sector - Bank Consolidated with Subsidiaries                                                                                                                                                                                          (In million rupiah)

                                                                                                                                                                      Receivables
                                                                                                                                                    Securities          in the form                            Loan by                 Micro
                                                                               Multilateral
                                                                                                                                                  Companies           of Securities/                             Land                Business,
                                                            Public            Development                                 Receivables                                                  Loans       Loans                   Loan by
                                                                                                                                                   and Other          Subordinated                           Acquisition,              Small                                                 Exposure in
                                   Government               Sector             Banks and               Bank                in the form                                               Securedby Secured by                 Employee               Corporate   Past Due           Other
No.    Economic Sectors                                                                                                                             Financial         Receivables,                               Land                Business,                                               Subsidiaries
                                   Receivables              Entities          International         Receivables           of Covered                                                 Residential Residential                  or                Receivables Receivables         Assets
                                                                                                                                                     Services              Equity                             Processing             and Retail                                                - Sharia
                                                          Receivables          Institutions                                    Bond                                                   Property    Property                Pensioner
                                                                                                                                                   Institutions         and Other                                 and                 Portfolio
                                                                              Receivables
                                                                                                                                                  Receivables             Capital                            Construction           Receivables
                                                                                                                                                                       Instruments

       Lease and Lease
       without Option
       Rights, Labor,
 14                                                   -                 76                      -                     -                       -                   -              -             -      41,356           -          -     1,375,615     11,587,784      22,821             -                -
       Travel Agents, and
       Other Business
       Support Activities

       Government,
       Defense, and
 15    Mandatory                         52,292,754                       -                     -                     -                       -                   -              -             -            -          -          -             15       15,385             -            -                -
       Social Security
       Administration

 16    Education                                      -            25,007                       -                     -                       -                   -              -             -            -          -          -      132,861        376,097          281             -      4,487,099

       Human Health and
 17                                                   -                   -                     -                     -                       -                   -              -             -     413,826           -          -      331,084       7,068,370        3,915            -      6,804,930
       Social Activities

       Professional,
 18    Science, and                                   -                   -                     -                     -                       -                   -              -             -            -          -          -           7,458     154,240         2,714            -      3,250,683
       Technical Activities

       Other Services
 19                                       19,117,369                4,500                       -                     -                       -                   -              -         1,651            -          -          -     4,288,803       617,292       17,079             -                -
       Activities

       Household
       Activities as
       Employer: Activities
       that produce
 20                                                   -                   -                     -                     -                       -                   -              -             -            -          -          -          28,534            -         402             -        154,473
       goods and services
       by households that
       are used to meet
       their own needs

       International
       Agencies and
 21    Other Extra-                                   -                   -                     -            528,647                          -                   -               -            -            -          -          -             87             -            -            -                -
       International
       Agencies Activities

 22    Household                                  334               2,662                       -              16,592                         -                   -               -   53,318,945    1,880,179          -     86,767   131,015,190      8,639,996    1,179,859            -                -

 23    Non-Business                            29,748              32,545                       -               1,360                         -                   -               -         249             -          -          -    20,457,868       179,854       46,212             -    130,010,138

 24    Others                           383,112,315           17,896,460                        -         67,131,821                          -              722             2,970       48,049             -          - 30,166,034    42,877,146 105,055,348        919,145 98,598,603       121,080,601

            TOTAL                       458,638,862         100,799,107                         -         75,693,595                          -         7,309,832            2,970    53,376,577   20,536,212   1,259,671 30,252,801 281,995,871 704,328,015       10,122,333 98,598,603      359,163,904

Information:
For 31 December 2023, economic sector mapping refers to the Risk Publication Report template Credit according to SEOJK No. 24/SEOJK.03/2021




PT BANK MANDIRI (PERSERO) TBK                                             1042                                                                                                                                                        1043                                       ANNUAL REPORT 2024
Page 244
         CORPORATE GOVERNANCE




CREDIT RISK - ADDITIONAL DISCLOSURES ON CREDIT
QUALITY OF ASSETS (CRB)                                                                                            CREDIT RISK - ADDITIONAL DISCLOSURES ON CREDIT QUALITY OF ASSETS (CRB)




3) Disclosure of Net Receivables by Remaining Contract Term

  i. Disclosure of Net Receivables by Remaining Contract Term - Bank Only                                                                                                       (in million rupiah)

                                                           December 31, 2024                                                                December 31, 2024

 No.       Portfolio Category             Net Receivables by Remaining Contract Term                                            Net Receivables by Remaining Contract Term

                                     ≤ 1 year              > 1 year until 3 years    > 3 years until 5 years   > 5 years                     Non-Contractual                 Total
  1     Government Receivables            126,440,374                   46,087,515                81,290,980               168,428,230                               -                422,247,100

        Public Sector Entities
  2                                        29,320,864                   21,878,143                19,377,047                42,445,165                               -                113,021,220
        Receivables

        Multilateral Development
  3     Banks and International                       -                          -                         -                         -                               -                            -
        Institutions Receivables

  4     Bank Receivables                   72,249,259                   11,863,098                 9,671,378                 1,743,816                               -                 95,527,550

        Receivables in the form of
  5                                                   -                          -                         -                         -                               -                            -
        Covered Bond

        Securities Companies and
  6     Other Financial Services            1,624,868                    4,112,744                 5,913,244                    25,812                               -                 11,676,668
        Institutions Receivables

        Receivables in the form of
        Securities/ Subordinated
  7                                                   -                          -                         -                         -                          22,970                     22,970
        Receivables, Equity and
        Other Capital Instruments

        Loans Secured by
  8                                             248,871                  2,197,804                 4,499,689                54,792,878                               -                 61,739,242
        Residential Property

        Loans Secured by
  9                                         5,130,455                    2,197,804                 4,499,689                10,503,471                               -                 22,331,419
        Commercial Real Estate

        Loan by Land Acquisition,
 10     Land Processing and                     302,245                   283,715                     33,917                  552,883                                -                   1,172,760
        Construction

        Loan by Employee or
 11                                                702                       4,706                     8,058                    58,154                               -                     71,620
        Pensioner

        Micro Business, Small
 12     Business, and Retail               24,169,646                   82,581,734                84,834,882                68,371,056                               -                259,957,317
        Portfolio Receivables

 13     Corporate Receivables             320,899,155                  124,358,042               162,735,784               233,311,447                               -                841,304,428

 14     Past Due Receivables                1,386,989                     686,257                   621,382                  1,674,841                               -                   4,369,468

 15     Other Assets                                  -                          -                         -                         -                     95,920,957                  95,920,957

TOTAL                                    581,773,428                   296,251,561               373,486,051               581,907,752                     95,943,927                1,929,362,719




PT BANK MANDIRI (PERSERO) TBK                       1044                                                                                         1045                          ANNUAL REPORT 2024
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CREDIT RISK - ADDITIONAL DISCLOSURES ON CREDIT QUALITY OF ASSETS (CRB)                                             CREDIT RISK - ADDITIONAL DISCLOSURES ON CREDIT QUALITY OF ASSETS (CRB)




  i. Disclosure of Net Receivables by Remaining Contract Term - Bank Only                                                                                                       (in million rupiah)

                                                           December 31, 2023                                                                December 31, 2023

 No.       Portfolio Category             Net Receivables by Remaining Contract Term                                            Net Receivables by Remaining Contract Term

                                     ≤ 1 year              > 1 year until 3 years    > 3 years until 5 years   > 5 years                     Non-Contractual                 Total

  1     Government Receivables            154.701.241                   57.823.686                40.269.300               192.512.450                              -                 445.306.677

        Public Sector Entities
  2                                        33.376.070                   17.032.675                14.628.993                35.183.806                              -                 100.221.544
        Receivables

        Multilateral Development
  3     Banks and International                       -                          -                         -                         -                              -                             -
        Institutions Receivables

  4     Bank Receivables                   56.908.792                   13.387.988                 1.196.596                 3.569.733                              -                  75.063.109

        Receivables in the form of
  5                                                   -                          -                         -                         -                              -                             -
        Covered Bond

        Securities Companies and
  6     Other Financial Services            1.849.059                    2.010.121                 3.401.375                    49.277                              -                    7.309.832
        Institutions Receivables

        Receivables in the form of
        Securities/ Subordinated
  7                                                   -                          -                         -                         -                          2.970                        2.970
        Receivables, Equity and
        Other Capital Instruments

        Loans Secured by
  8                                             268.444                  2.043.888                 4.280.097                46.736.098                              -                  53.328.528
        Residential Property

        Loans Secured by
  9                                         4.463.898                    3.837.840                 3.000.138                 9.234.336                              -                  20.536.212
        Commercial Real Estate

        Loan by Land Acquisition,
 10     Land Processing and                     140.613                     70.953                  393.430                   654.675                               -                    1.259.671
        Construction

        Loan by Employee or
 11                                                487                       7.954                     7.337                    70.989                              -                      86.767
        Pensioner

        Micro Business, Small
 12     Business, and Retail               23.676.059                   78.185.950                78.619.679                58.674.249                              -                 239.155.937
        Portfolio Receivables

 13     Corporate Receivables             288.518.165                  119.051.083               140.358.240               154.253.189                              -                 702.180.677

 14     Past Due Receivables                3.447.352                    2.172.037                 2.811.437                 1.432.145                              -                    9.862.971

 15     Other Assets                                  -                          -                         -                         -                     92.584.977                  92.584.977

TOTAL                                    567.350.181                   295.624.175               288.966.622               502.370.948                     92.587.947                1.746.899.873




PT BANK MANDIRI (PERSERO) TBK                       1046                                                                                         1047                          ANNUAL REPORT 2024
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CREDIT RISK - ADDITIONAL DISCLOSURES ON CREDIT QUALITY OF ASSETS (CRB)                                                                                       CREDIT RISK - ADDITIONAL DISCLOSURES ON CREDIT QUALITY OF ASSETS (CRB)




ii. Disclosure of Net Receivables by Remaining Contract Term -
    Bank Consolidated with Subsidiaries                                                                                                                                                                                  (In million rupiah)

                                                                                     December 31, 2024                                                                               December 31, 2024

No.        Portfolio Category                                   Net Receivables by Remaining Contract Term                                                               Net Receivables by Remaining Contract Term

                                                        < 1 year                   > 1 year until 3 years               > 3 years until 5 years          > 5 year                     Non-Contractual                 Total
 1     Government Receivables                                   127,416,151                            46,216,272                           81,291,172              168,739,862                     18,185,493                 441,848,950

       Public Sector Entities
 2                                                               29,320,864                            22,382,496                           19,377,047               42,576,320                               -                113,656,727
       Receivables

       Multilateral Development
 3     Banks and International                                                -                                    -                                 -                        -                               -                            -
       Institutions Receivables

 4     Bank Receivables                                          68,032,271                            12,101,263                           10,888,776                1,743,816                         419,205                 93,185,331

       Receivables in the form of
 5                                                                   168,099                                       -                                 -                        -                               -                    168,099
       Covered Bond

       Securities Companies and
 6     Other Financial Services                                    1,356,769                            4,112,744                            5,913,244                   25,812                               -                 11,408,568
       Institutions Receivables

       Receivables in the form of
       Securities/ Subordinated
 7                                                                            -                                    -                                 -                        -                          22,970                     22,970
       Receivables, Equity and
       Other Capital Instruments

       Loans Secured by
 8                                                                   248,950                            2,198,972                            4,502,331               54,837,323                               -                 61,787,576
       Residential Property

       Loans Secured by
 9                                                                 5,130,455                            2,197,804                            4,499,689               10,503,471                               -                 22,331,419
       Commercial Real Estate

       Loan by Land Acquisition,
 10    Land Processing and                                           302,245                               283,715                              33,917                 552,883                                -                   1,172,760
       Construction

       Loan by Employee or
 11                                                                  173,158                               816,332                           1,556,293               33,557,829                               -                 36,103,611
       Pensioner

       Micro Business, Small
 12    Business, and Retail                                      31,947,595                          103,654,531                            95,416,026               78,301,301                               -                309,319,451
       Portfolio Receivables

 13    Corporate Receivables                                    321,851,760                          124,993,720                           163,111,525              233,337,968                          11,523                843,306,495

 14    Past Due Receivables                                        1,466,317                               833,299                            730,369                 1,734,880                               -                   4,764,865

 15    Other Assets                                                  953,401                               191,231                               4,053                        -                    101,581,199                 102,729,884

       Exposure in Subsidiaries -
 16                                                             122,894,774                            51,792,568                           50,898,473              174,129,606                     13,984,580                 413,700,001
       Sharia

TOTAL                                                           711,262,811                          371,774,946                           438,222,913              800,041,070                    134,204,969                2,455,506,710

Information:
For the position of 31 December 2023, the Economic Sector mapping refers to the template of the Credit Risk Publication Report according
to SEOJK No. 24/SEOJK.03/2021.




PT BANK MANDIRI (PERSERO) TBK                                              1048                                                                                                           1049                          ANNUAL REPORT 2024
Page 247
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CREDIT RISK - ADDITIONAL DISCLOSURES ON CREDIT QUALITY OF ASSETS (CRB)                                                                                       CREDIT RISK - ADDITIONAL DISCLOSURES ON CREDIT QUALITY OF ASSETS (CRB)




ii. Disclosure of Net Receivables by Remaining Contract Term -
    Bank Consolidated with Subsidiaries                                                                                                                                                                                  (In million rupiah)

                                                                                     December 31, 2023                                                                               December 31, 2023

No.        Portfolio Category                                   Net Receivables by Remaining Contract Term                                                               Net Receivables by Remaining Contract Term

                                                        < 1 year                   > 1 year until 3 years               > 3 years until 5 years          > 5 year                     Non-Contractual                 Total
 1     Government Receivables                                   155.208.832                            58.008.541                           40.358.119              192.752.617                     12.310.754                 458.638.862

       Public Sector Entities
 2                                                               33.932.331                            17.032.675                           14.628.993               35.203.784                           1.324                100.799.107
       Receivables

       Multilateral Development
 3     Banks and International                                                -                                    -                                 -                        -                               -                            -
       Institutions Receivables

 4     Bank Receivables                                          56.811.239                            13.683.777                            1.265.200                3.569.733                         363.645                 75.693.595

       Receivables in the form of
 5                                                                            -                                    -                                 -                        -                               -                            -
       Covered Bond

       Securities Companies and
 6     Other Financial Services                                    1.849.059                            2.010.121                            3.401.375                  49.277                                -                   7.309.832
       Institutions Receivables

       Receivables in the form of
       Securities/ Subordinated
 7                                                                            -                                    -                                 -                        -                           2.970                       2.970
       Receivables, Equity and
       Other Capital Instruments

       Loans Secured by
 8                                                                   268.575                            2.088.907                            4.280.632               46.738.464                               -                 53.376.577
       Residential Property

       Loans Secured by
 9                                                                 4.463.898                            3.837.840                            3.000.138                9.234.336                               -                 20.536.212
       Commercial Real Estate

       Loan by Land Acquisition,
 10    Land Processing and                                           140.613                                70.953                            393.430                  654.675                                -                   1.259.671
       Construction

       Loan by Employee or
 11                                                                  125.735                           28.139.346                             662.025                 1.325.695                               -                 30.252.801
       Pensioner

       Micro Business, Small
 12    Business, and Retail                                      33.509.637                          106.657.174                            83.080.840               58.748.220                               -                281.995.871
       Portfolio Receivables

 13    Corporate Receivables                                    289.309.832                          119.652.870                           141.112.078              154.253.235                               -                704.328.015

 14    Past Due Receivables                                        3.539.959                            2.306.857                            2.841.938                1.433.579                               -                 10.122.333

 15    Other Assets                                                1.483.098                               178.493                               4.630                        -                     96.932.382                  98.598.603

       Exposure in Subsidiaries -
 16                                                             104.217.166                            49.052.662                           44.632.841              148.012.851                     13.248.384                 359.163.904
       Sharia

TOTAL                                                           684.859.973                          402.720.215                           339.662.239              651.976.466                    122.859.459                2.202.078.353

Information:
For the position of 31 December 2023, the Economic Sector mapping refers to the template of the Credit Risk Publication Report according
to SEOJK No. 24/SEOJK.03/2021.




PT BANK MANDIRI (PERSERO) TBK                                              1050                                                                                                           1051                          ANNUAL REPORT 2024
Page 248
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CREDIT RISK - ADDITIONAL RISK - ADDITIONADLI
SDCISLCOLSOURSEUSR OESN O CNRE CDRITE QDUITA                                                            CREDIT RISK - ADDITIONAL RISK - ADDITIONADLI SDCISLCOLSOURSEUSR OESN O CNRE CDRITE
                                                                                                                                           QDUITA QLITUYA OLFIT AYS SETS (CRB) OF ASSETS (CRB)
QLITUYA OLFIT AYS SETS (CRB) OF ASSETS (CRB)


4) Disclosure of Receivables and Reserve by Region

i. Disclosure of Receivables and Reserve by Region - Bank Only                                                                                                                            (in million rupiah)

                                                        December 31, 2024                                                                   December 31, 2024

                                                               Region                                                                               Region
 No.          Description
                                                                                                          Sulawesi &       Bali & Nusa
                                Sumatera          Jakarta               Jawa           Kalimantan                                           Papua            Head Office      Overseas            Total
                                                                                                           Maluku           Tenggara
1      Receivables                158,784,075      643,860,122          183,718,796        78,650,033         63,266,815       33,356,632     9,038,681         954,340,730     146,631,770   2,271,647,653

2      Decreased Bills

       a. Outstanding              14,570,702          47,980,743        12,473,901         1,018,401          7,246,749        1,869,192      250,716           11,493,737               -      96,904,141

       b. Mature                    1,941,491          12,631,241         4,335,369          518,923            704,732          151,256       124,210            1,544,663              96      21,951,980

3      CKPN - Stage 1               1,239,614           3,721,339         1,595,193          739,501            572,871          199,864       150,984             613,322         580,603        9,413,290

4      CKPN - Stage 2               1,176,666          11,106,553         2,668,520          155,114           1,072,031         530,816        52,574             765,751                -      17,528,026

5      CKPN - Stage 3               1,440,848           7,094,090         3,131,410          256,041            409,482           82,335        58,558            1,401,335              78      13,874,176

6      Written-off claims               2,975             10,379               5,914            3,815              2,636             647             172         11,066,469               -      11,093,008



                                                                                                                                                                                          (in million rupiah)

                                                        December 31, 2023                                                                   December 31, 2023

                                                               Region                                                                               Region
 No.          Description
                                                                                                          Sulawesi &       Bali & Nusa
                                Sumatera          Jakarta               Jawa           Kalimantan                                           Papua            Head Office      Overseas            Total
                                                                                                           Maluku           Tenggara
1      Receivables                148,623,607      633,390,954          175,055,807        61,870,786         50,677,715       31,705,025     8,572,542         760,738,974     161,031,639   2,031,667,049

2      Decreased Bills

       a. Outstanding              16,330,774          44,703,504        13,733,081         1,311,024          6,752,499        2,163,392      336,464           10,511,933        472,046       96,314,716

       b. Mature                    1,899,908          20,044,108         5,290,976          314,087            502,635          187,835       106,203            1,955,094              94      30,300,940

3      CKPN - Stage 1               1,485,534           4,639,460         2,051,900         1,028,303           773,903          261,449       198,824             790,405         554,610       11,784,388

4      CKPN - Stage 2               1,532,279           9,232,960         3,147,086          305,723            860,528          601,841        56,781             508,286         142,639       16,388,122

5      CKPN - Stage 3               1,502,201          10,341,859         4,020,818          175,396            285,547          107,930        55,569             408,333               76      16,897,729

6      Written-off claims           2,916,908           9,290,260         3,588,070         1,009,876           579,346          260,308       205,784              13,034                -      17,863,586




PT BANK MANDIRI (PERSERO) TBK                   1052                                                                                             1053                                    ANNUAL REPORT 2024
Page 249
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CREDIT RISK - ADDITIONAL RISK - ADDITIONADLI SDCISLCOLSOURSEUSR OESN O CNRE CDRITE                                          CREDIT RISK - ADDITIONAL RISK - ADDITIONADLI SDCISLCOLSOURSEUSR OESN O CNRE CDRITE
QDUITA QLITUYA OLFIT AYS SETS (CRB) OF ASSETS (CRB)                                                                                                            QDUITA QLITUYA OLFIT AYS SETS (CRB) OF ASSETS (CRB)




ii. Disclosure of Receivables and Reserve by Region - Consolidated                                                                                                                                             (in million rupiah)

                                                                             December 31, 2024                                                                  December 31, 2024

                                                                                     Region                                                                             Region
 No.                Description
                                                                                                                              Sulawesi &       Bali & Nusa
                                                     Sumatera              Jakarta            Jawa          Kalimantan                                          Papua            Head Office       Overseas            Total
                                                                                                                               Maluku           Tenggara
  1     Receivables*                                  238,166,689           818,987,648       294,432,656     107,206,901         79,919,629       41,685,259     9,983,635        1,062,670,294     147,458,607   2,800,511,318

        Decreased Bills

  2     a. Outstanding                                 14,570,702            47,980,743        12,473,901       1,018,401          7,246,749        1,869,192      250,716           11,493,737                -      96,904,141

        b. Mature                                       1,941,491            12,631,241         4,335,369        518,923            704,732          151,256       124,210            1,544,663               96      21,951,980

        Impaired Receivables
  3                                                      435,857               337,410          1,885,300         87,820             59,899           85,283             452                   -               -       2,892,021
        Subsidiaries - Sharia****

  4     CKPN - Stage 1                                  1,239,614             3,721,339         1,595,193        739,501            572,871          199,864       150,984              613,322         580,603        9,413,290

  5     CKPN - Stage 2                                  1,176,666            11,106,553         2,668,520        155,114           1,072,031         530,816        52,574              765,751                -      17,528,026

  6     CKPN - Stage 3                                  1,440,848             7,094,090         3,131,410        256,041            409,482           82,335        58,558            1,401,335               78      13,874,176

  7     CKPN in Subsidiaries - Sharia**                 1,904,377             3,289,107         4,059,058        479,415            409,310          209,914        15,106                     -           1,388      10,367,675

  8     Write-off Receivables**                          676,849               380,024           707,810         123,006            125,356           62,670             846         11,066,469                -      13,143,031



                                                                                                                                                                                                               (in million rupiah)

                                                                             December 31, 2023                                                                  December 31, 2023

                                                                                     Region                                                                             Region
 No.                Description
                                                                                                                              Sulawesi &       Bali & Nusa
                                                     Sumatera              Jakarta            Jawa          Kalimantan                                          Papua            Head Office       Overseas            Total
                                                                                                                               Maluku           Tenggara
  1     Receivables*                                  214,384,647           792,517,449       270,959,283      84,082,873         64,070,905       38,174,693     9,415,289         859,833,345      161,031,639   2,494,470,124

        Decreased Bills

  2     a. Outstanding                                 16,330,774            44,852,942        13,733,081       1,311,024          6,752,499        2,163,392      336,464           10,511,933         472,046       96,464,154

        b. Mature                                       1,899,908            20,225,698         5,290,976        314,087            502,635          187,835       106,203            1,955,094               94      30,482,530

        Impaired Receivables
  3                                                    65,761,040           159,126,496        95,903,476      22,212,087         13,393,190        6,469,668      842,747                     -               -     363,708,704
        Subsidiaries - Sharia**

  4     CKPN - Stage 1                                  1,485,534             6,005,491         2,051,900       1,028,303           773,903          261,449       198,824              790,405         554,610       13,150,419

  5     CKPN - Stage 2                                  1,532,279             9,469,980         3,147,086        305,723            860,528          601,841        56,781              508,286         142,639       16,625,142

  6     CKPN - Stage 3                                  1,502,201            10,618,111         4,020,818        175,396            285,547          107,930        55,569              408,333               76      17,173,981

  7     CKPN in Subsidiaries - Sharia**                 1,710,959              175,726          7,003,249        475,295            365,918          169,014        10,313                     -               -       9,910,474

  8     Write-off Receivables*                          3,726,538             9,641,620         4,389,784       1,184,586           732,245          368,125       206,731               13,034                -      20,262,663
Information:
• Including Exposure in Subsidiaries - Sharia *)
• Not adopting PSAK 71 “Financial Instruments” **)




PT BANK MANDIRI (PERSERO) TBK                                       1054                                                                                             1055                                     ANNUAL REPORT 2024
Page 250
        CORPORATE GOVERNANCE




CREDIT RISK - ADDITIONAL DISCLOSURES ON CREDIT
QUALITY OF ASSETS (CRB)                                                                                                 Credit Risk - Additional Disclosures on Credit Quality of Assets (CRB)




5) Disclosure of Receivables and Reserve by Economic Sector

i. Disclosure of Receivables and Reserve by Economic Sector - Bank Only                                                                                                                          (in million rupiah)


                                                         Impaired Receivables (Stage 2 & Stage 3)            Allowance for              Allowance for              Allowance for
No.      Economic Sectors           Receivables                                                               Impairment                 Impairment                 Impairment           Written-off Receivables
                                                                                                        losses (CKPN) – Stage 1    losses (CKPN) – Stage 2    losses (CKPN) – Stage 3
                                                           Not Yet Due            Already Due
December 31, 2024

      Agriculture, Forestry, and
 1                                        124,777,713              14,711,423               979,313                    1,128,509                   514,920                    545,531                      731,723
      Fisheries

 2    Mining and Extracting               140,989,962               5,181,069              1,537,376                    479,762                    169,597                    787,950                       90,585

 3    Processing Industry                 185,412,814              10,942,510             10,005,644                    828,033                   3,399,798                  6,819,573                   1,564,525

      Electricity, Gas, Hot Water
 4                                         50,465,263               4,563,256                   2,916                   244,222                    940,861                      1,780                              -
      and Cold Water

      Water Management,
      Waste Management,
 5                                          5,301,770                    4,524                   189                     66,906                        824                         87                            52
      Garbage Management
      and Recycling

 6    Construction                         81,098,359              21,625,494               300,647                     443,282                   7,234,496                   200,360                      450,300

      Wholesale and Retail
      Trade; Car and
 7                                        116,612,244               3,662,234              1,082,266                   1,031,418                   713,946                    608,885                    1,482,600
      Motorcycle Repair &
      Maintenance

      Transportation &
 8                                         80,299,966               7,139,188               981,995                     293,792                    303,997                    112,098                       64,264
      Warehousing

      Accommodation and
 9                                         22,681,872               4,882,700               109,188                     206,117                    742,073                     51,909                      160,300
      Restaurants

      Information and
 10                                        38,505,561                210,086                 29,140                     162,365                     23,634                     17,468                       36,537
      Communications

      Finance and Insurance
 11                                        72,172,304                407,292                    7,627                   294,393                    184,704                      4,354                       80,624
      Activities

 12   Real Estat                           37,595,152               4,992,128               152,333                     291,854                    741,952                    133,992                      491,250

      Professional, Science, and
 13                                         2,130,814                    7,672                  4,352                    10,348                        265                      2,076                         4,317
      Technical Activities

      Lease and Lease without
      Option Rights, Labor,
 14                                        11,765,289                142,747                 21,419                     118,960                      5,489                      9,294                       30,224
      Travel Agents, and Other
      Business Support Activities

      Government, Defense,
 15   and Mandatory Social                 52,976,824                        -                      -                         8                           -                          -                             -
      Security Administration

 16   Education                              840,116                  22,201                    1,000                     5,308                      4,313                        448                           561

      Human Health and Social
 17                                         9,829,093                613,647                    9,057                    43,451                     73,781                      5,281                         8,273
      Activities




PT BANK MANDIRI (PERSERO) TBK                     1056                                                                                                  1057                                    ANNUAL REPORT 2024
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Credit Risk - Additional Disclosures on Credit Quality of Assets (CRB)                                                    Credit Risk - Additional Disclosures on Credit Quality of Assets (CRB)




i. Disclosure of Receivables and Reserve by Economic Sector - Bank Only                                                                                                                             (in million rupiah)


                                                          Impaired Receivables (Stage 2 & Stage 3)             Allowance for              Allowance for              Allowance for
No.      Economic Sectors           Receivables                                                                 Impairment                 Impairment                 Impairment            Written-off Receivables
                                                                                                          losses (CKPN) – Stage 1    losses (CKPN) – Stage 2    losses (CKPN) – Stage 3
                                                            Not Yet Due            Already Due
      Arts, Entertainment, and
 18                                            72,514                      2,049                 159                          525                        180                          89                         7,656
      Recreation

 19   Other Services Activities            39,634,125                 348,628                 64,996                       71,060                     44,978                      30,850                       71,768

      Household Activities as
      Employer: Activities that
      produce goods and
 20                                           146,480                      1,350                 291                          207                        101                         136                         1,160
      services by households
      that are used to meet
      their own needs

      International Agencies
      and Other Extra-
 21                                                  -                         -                      -                         0                           -                          -                              -
      International Agencies
      Activities

 22   Household                           221,564,970                6,033,628              5,124,374                    3,077,707                  1,674,545                  3,147,170                    4,940,428

 23   Non-Business                         21,686,642                 406,666                236,005                      296,078                     12,710                     101,778                      473,289

 24   Others                              955,087,809               11,003,649              1,301,692                     318,985                    740,861                   1,293,067                      402,571

      Total                              2,271,647,653              96,904,141             21,951,980                    9,413,290                 17,528,026                 13,874,176                   11,093,008




i. Disclosure of Receivables and Reserve by Economic Sector - Bank Only                                                                                                                             (in million rupiah)


                                                          Impaired Receivables (Stage 2 & Stage 3)             Allowance for              Allowance for               Allowance for
No.      Economic Sectors           Receivables                                                                 Impairment                 Impairment                  Impairment           Written-off Receivables
                                                                                                          losses (CKPN) – Stage 1    losses (CKPN) – Stage 2     losses (CKPN) – Stage 3
                                                             Not Yet Due           Already Due
December 31, 2023

      Agriculture, Forestry, and
 1                                         128,074,810              16,458,041              1,042,082                    1,915,199                    845,610                    402,025                       622,503
      Fisheries

 2    Mining and Extracting                138,439,685               6,726,292                 14,498                      444,598                    330,879                     10,180                           885

 3    Processing Industry                  189,631,300              11,614,339             11,192,027                      921,638                  4,101,864                   8,011,940                      706,439

      Electricity, Gas, Hot Water
 4                                          59,264,663               4,616,993                    185                      305,107                  1,046,281                         83                              -
      and Cold Water

      Water Management,
      Waste Management,
 5                                             544,566                         -                     52                      3,725                          -                         30                              -
      Garbage Management
      and Recycling

 6    Construction                          86,378,718              14,360,606              7,703,392                      707,349                  4,014,041                   3,597,603                        3,464




PT BANK MANDIRI (PERSERO) TBK                      1058                                                                                                   1059                                     ANNUAL REPORT 2024
Page 252
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Credit Risk - Additional Disclosures on Credit Quality of Assets (CRB)                                                  Credit Risk - Additional Disclosures on Credit Quality of Assets (CRB)




i. Disclosure of Receivables and Reserve by Economic Sector - Bank Only                                                                                                                            (in million rupiah)


                                                          Impaired Receivables (Stage 2 & Stage 3)            Allowance for              Allowance for               Allowance for
No.      Economic Sectors           Receivables                                                                Impairment                 Impairment                  Impairment           Written-off Receivables
                                                                                                         losses (CKPN) – Stage 1    losses (CKPN) – Stage 2     losses (CKPN) – Stage 3
                                                            Not Yet Due            Already Due
      Wholesale and Retail
      Trade; Car and
 7                                        107,647,368                3,852,354              1,057,950                   1,442,282                   827,137                     673,288                    2,672,843
      Motorcycle Repair &
      Maintenance

      Transportation &
 8                                         65,984,621                7,428,604               925,708                     329,030                    556,611                      57,315                       53,112
      Warehousing

      Accommodation and
 9                                         21,195,669                5,399,848               120,833                     253,427                    871,469                      73,047                      164,964
      Restaurants

      Information and
 10                                        29,519,122                  84,840                    4,701                   107,081                     10,625                        2,807                             -
      Communications

      Finance and Insurance
 11                                        64,545,445                 437,140                 45,123                     303,768                    199,609                      27,712                      101,495
      Activities

 12   Real Estat                           34,221,263                6,500,902                51,415                     286,252                   1,214,516                       3,606                             -

      Professional, Science, and
 13                                          7,285,847                    7,984                  4,369                    41,862                        570                        2,756                        2,974
      Technical Activities

      Lease and Lease without
      Option Rights, Labor,
 14                                        14,175,030                  54,199                 79,825                     106,850                       7,397                     56,153                       48,039
      Travel Agents, and Other
      Business Support Activities

      Government, Defense,
 15   and Mandatory Social                 68,819,601                         -                      -                       132                           -                           -                             -
      Security Administration

 16   Education                               546,358                  20,429                     675                       7,135                      8,083                        393                         2,789

      Human Health and Social
 17                                          8,117,456                309,995                 11,124                      59,765                     65,391                        7,086                      10,047
      Activities

      Arts, Entertainment, and
 18                                           169,517                     2,075                  7,633                      1,943                       183                        4,919                          151
      Recreation

 19   Other Services Activities            28,233,629                 322,571                 49,458                     112,620                     43,997                      29,691                       48,626

      Household Activities as
      Employer: Activities that
      produce goods and
20                                             29,652                     2,786                   844                        279                        273                         442                         1,254
      services by households
      that are used to meet
      their own needs

      International Agencies and
21    Other Extra- International              828,734                         -                      -                      1,994                          -                           -                             -
      Agencies Activities

22    Household                           201,110,760                5,347,444              3,817,443                   3,497,754                  1,494,947                   2,343,297                   3,376,284

23    Non-Business                         52,216,639                 415,424                227,725                     351,797                     20,665                     169,700                      313,071

24    Others                              742,812,937               12,351,851              3,943,879                    582,804                    727,973                    1,423,655                   9,734,648

      Total                              2,049,793,389              96,314,716             30,300,940                  11,784,388                 16,388,122                  16,897,729                  17,863,589



PT BANK MANDIRI (PERSERO) TBK                      1060                                                                                                  1061                                     ANNUAL REPORT 2024
Page 253
        CORPORATE GOVERNANCE




Credit Risk - Additional Disclosures on Credit Quality of Assets (CRB)                                                      Credit Risk - Additional Disclosures on Credit Quality of Assets (CRB)




ii. Disclosure of Receivables and Reserve by Economic Sector - Consolidated                                                                                                                       (in million rupiah)

                                                      Impaired Receivables                                                                             Allowance for
                                                                                         Receivables           Allowance for       Allowance for
                                                       (Stage 2 & Stage 3)                                                                                                    CKPN in
                                                                                        Impairment in           Impairment          Impairment          Impairment                                 Write-off
No. Economic Sectors            Receivables*                                                                                                                                Subsidiaries -
                                                                                         Subsidiaries -       losses (CKPN) –     losses (CKPN) –     losses (CKPN) –                            Receivables*
                                                  Not Yet Due         Already Due                                                                                             Sharia**
                                                                                           Sharia**                Stage 1             Stage 2             Stage 3

December 31, 2024

      Agriculture, Forestry,
 1                                  149,055,698        14,711,423            979,313             168,248              1,128,509             514,920              545,531             633,895                852,166
      and Fisheries

      Mining and
 2                                  143,978,511           5,181,069         1,537,376              1,695                479,762             169,597              787,950              73,598                 97,996
      Extracting

 3    Processing Industry           185,412,814        10,942,510          10,005,644                     -             828,033           3,399,798             6,819,573                    -            1,564,525

      Electricity, Gas, Hot
 4    Water and Cold                 57,221,791           4,563,256             2,916            176,698                244,222             940,861                1,780             304,816                   2,679
      Water

      Water Management,
      Waste Management,
 5    Garbage                        18,068,117              4,524               189           1,355,912                 66,906                824                    87            1,548,807               124,694
      Management and
      Recycling

 6    Construction                   99,952,928        21,625,494            300,647              89,203                443,282           7,234,496              200,360            2,772,892               514,425

      Wholesale and Retail
      Trade; Car and
 7                                  136,372,336           3,662,234         1,082,266            346,934              1,031,418             713,946              608,885            1,063,233             1,909,867
      Motorcycle Repair &
      Maintenance

      Transportation &
 8                                   88,955,127           7,139,188          981,995              25,159                293,792             303,997              112,098             200,248                 98,178
      Warehousing

      Accommodation
 9                                   25,887,325           4,882,700          109,188              28,233                206,117             742,073               51,909             114,898                206,573
      and Restaurants

      Information and
 10                                  38,505,561            210,086            29,140                      -             162,365              23,634               17,468                     -               36,537
      Communications

      Finance and
 11                                  77,979,169            407,292              7,627             64,985                294,393             184,704                4,354             132,811                 89,022
      Insurance Activities

 12   Real Estat                     42,894,685           4,992,128          152,333              48,079                291,854             741,952              133,992             128,660                517,479

      Professional, Science,
 13   and Technical                   2,130,814              7,672              4,352                     -              10,348                265                 2,076                     -                 4,317
      Activities

      Lease and Lease
      without Option
      Rights, Labor, Travel
 14                                  11,765,289            142,747            21,419                      -             118,960               5,489                9,294                     -               30,224
      Agents, and Other
      Business Support
      Activities




PT BANK MANDIRI (PERSERO) TBK                      1062                                                                                                  1063                                    ANNUAL REPORT 2024
Page 254
          CORPORATE GOVERNANCE




Credit Risk - Additional Disclosures on Credit Quality of Assets (CRB)                                                                                                Credit Risk - Additional Disclosures on Credit Quality of Assets (CRB)




ii. Disclosure of Receivables and Reserve by Economic Sector - Consolidated                                                                                                                                                                     (in million rupiah)

                                                                             Impaired Receivables                                                                              Allowance for         Allowance for
                                                                                                                               Receivables               Allowance for
                                                                              (Stage 2 & Stage 3)                                                                                                                           CKPN in
                                                                                                                              Impairment in               Impairment            Impairment            Impairment                                 Write-off
No. Economic Sectors                     Receivables*                                                                                                                                                                     Subsidiaries -
                                                                                                                               Subsidiaries -           losses (CKPN) –       losses (CKPN) –       losses (CKPN) –                            Receivables*
                                                                      Not Yet Due                  Already Due                                                                                                              Sharia**
                                                                                                                                 Sharia**                    Stage 1               Stage 2               Stage 3

       Government,
       Defense, and
 15    Mandatory                                  52,976,824                               -                           -                            -                     8                     -                     -                    -                      -
       Social Security
       Administration

 16    Education                                   5,773,370                        22,201                        1,000                     35,757                  5,308                 4,313                    448              89,060                   4,912

       Human Health and
 17                                               19,235,050                      613,647                         9,057                     10,699                 43,451                73,781                  5,281             123,142                 22,445
       Social Activities

       Arts, Entertainment,
 18                                                3,805,716                         2,049                          159                     34,950                   525                   180                      89             100,287                 71,755
       and Recreation

       Other Services
 19                                               39,634,125                      348,628                       64,996                              -              71,060                44,978                 30,850                     -               71,768
       Activities

       Household Activities
       as Employer:
       Activities that
       produce goods
 20                                                   314,532                        1,350                          291                         8,555                207                   101                     136              12,080                   3,874
       and services by
       households that are
       used to meet their
       own needs

       International
       Agencies and Other
 21                                                           -                            -                           -                            -                     0                     -                     -                    -                      -
       Extra- International
       Agencies Activities

 22    Household                                 221,564,970                    6,033,628                    5,124,374                              -           3,077,707             1,674,545               3,147,170                    -            4,940,428

 23    Non-Business                              173,812,691                      406,666                      236,005                    496,914                 296,078                12,710                101,778            2,993,550             1,565,974

 24    Others                                 1,205,213,878                    11,003,649                    1,301,692                              -             318,985               740,861               1,293,067             75,698                413,192

       TOTAL                                  2,800,511,318                    96,904,141                  21,951,980                   2,892,021               9,413,290            17,528,026            13,874,176            10,367,675            13,143,031
Information :
• Including Exposure in Subsidiaries - Sharia *)
• Not adopting PSAK 71 “Financial Instruments” **)
• For 31 December 2023, economic sector mapping refers to the Risk Publication Report template Credit according to SEOJK No. 24/SEOJK.03/2021




PT BANK MANDIRI (PERSERO) TBK                                            1064                                                                                                                          1065                                    ANNUAL REPORT 2024
Page 255
        CORPORATE GOVERNANCE




Credit Risk - Additional Disclosures on Credit Quality of Assets (CRB)                                                       Credit Risk - Additional Disclosures on Credit Quality of Assets (CRB)




ii. Disclosure of Receivables and Reserve by Economic Sector - Consolidated                                                                                                                          (in million rupiah)

                                                      Impaired Receivables                                                                                Allowance for
                                                                                          Receivables           Allowance for       Allowance for
                                                       (Stage 2 & Stage 3)                                                                                                       CKPN in
                                                                                         Impairment in           Impairment          Impairment            Impairment                                 Write-off
No. Economic Sectors            Receivables*                                                                                                                                   Subsidiaries -
                                                                                          Subsidiaries -       losses (CKPN) –     losses (CKPN) –       losses (CKPN) –                            Receivables*
                                                  Not Yet Due         Already Due                                                                                                Sharia**
                                                                                            Sharia**                Stage 1             Stage 2               Stage 3

December 31, 2023

      Agriculture, Forestry,
 1                                  145,975,559        16,458,041           1,042,082             227,749              1,915,199             845,610                402,025             628,803                857,712
      and Fisheries

      Mining and
 2                                  140,855,811           6,726,292           14,498                3,135                444,598             330,879                 10,180              25,569                 15,075
      Extracting

 3    Processing Industry           189,631,300        11,614,339          11,192,027                      -             921,638           4,101,864               8,011,940                    -              706,439

      Electricity, Gas, Hot
 4    Water and Cold                 64,034,072           4,616,993              185               79,878                305,107           1,046,281                     83             309,102                     638
      Water

      Water Management,
      Waste Management,
 5    Garbage                        12,377,894                   -                 52            168,536                  3,725                     -                   30            1,572,435               118,677
      Management and
      Recycling

 6    Construction                  106,322,674        14,360,606           7,703,392             578,558                707,349           4,014,041               3,597,603           2,651,998               111,687

      Wholesale and Retail
      Trade; Car and
 7                                  125,286,146           3,852,354         1,057,950             614,899              1,442,282             827,137                673,288             921,966              3,298,865
      Motorcycle Repair &
      Maintenance

      Transportation &
 8                                   74,348,670           7,428,604          925,708               48,957                329,030             556,611                 57,315             290,475                 85,405
      Warehousing

      Accommodation
 9                                   23,958,571           5,399,848          120,833               59,705                253,427             871,469                 73,047             113,973                203,712
      and Restaurants

      Information and
 10                                  29,519,122             84,840              4,701                      -             107,081              10,625                  2,807                     -                      -
      Communications

      Finance and
 11                                  70,555,348            437,140            45,123               32,549                303,768             199,609                 27,712             113,872                105,181
      Insurance Activities

 12   Real Estat                     38,134,756           6,500,902           51,415               42,946                286,252           1,214,516                  3,606             110,587                 81,199

      Professional, Science,
 13   and Technical                   7,285,847              7,984              4,369                      -              41,862                570                   2,756                     -                 2,974
      Activities

      Lease and Lease
      without Option
      Rights, Labor, Travel
 14                                  14,175,030             54,199            79,825                       -             106,850               7,397                 56,153                     -               48,039
      Agents, and Other
      Business Support
      Activities




PT BANK MANDIRI (PERSERO) TBK                      1066                                                                                                     1067                                    ANNUAL REPORT 2024
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Credit Risk - Additional Disclosures on Credit Quality of Assets (CRB)                                                                                                Credit Risk - Additional Disclosures on Credit Quality of Assets (CRB)




ii. Disclosure of Receivables and Reserve by Economic Sector - Consolidated                                                                                                                                                                   (in million rupiah)

                                                                             Impaired Receivables                                                        Allowance for       Allowance for         Allowance for
                                                                                                                               Receivables
                                                                              (Stage 2 & Stage 3)                                                                                                                         CKPN in
                                                                                                                              Impairment in               Impairment          Impairment            Impairment                                 Write-off
No. Economic Sectors                     Receivables*                                                                                                                                                                   Subsidiaries -
                                                                                                                               Subsidiaries -           losses (CKPN) –     losses (CKPN) –       losses (CKPN) –                            Receivables*
                                                                      Not Yet Due                  Already Due                                                                                                            Sharia**
                                                                                                                                 Sharia**                    Stage 1             Stage 2               Stage 3

       Government,
       Defense, and
 15    Mandatory                                  68,819,601                               -                           -                            -                132                      -                     -                    -                      -
       Social Security
       Administration

 16    Education                                   5,072,990                        20,429                          675                     19,402                  7,135               8,083                    393              82,959                 38,637

       Human Health and
 17                                               15,029,029                      309,995                       11,124                      21,500                 59,765              65,391                  7,086              98,972                 15,110
       Social Activities

       Arts, Entertainment,
 18                                                3,490,688                         2,075                        7,633                     73,222                  1,943                183                   4,919             145,941                 76,490
       and Recreation

       Other Services
 19                                               28,233,629                      322,571                       49,458                              -             112,620              43,997                 29,691                     -               48,626
       Activities

       Household Activities
       as Employer:
       Activities that
       produce goods
 20                                                   190,727                        2,786                          844                         6,445                279                 273                     442               8,907                   7,773
       and services by
       households that are
       used to meet their
       own needs

       International
       Agencies and Other
 21                                                   828,734                              -                           -                            -               1,994                     -                     -                    -                      -
       Extra- International
       Agencies Activities

 22    Household                                 201,197,943                    5,347,444                    3,817,443                              -           3,497,754           1,494,947               2,343,297                    -            3,376,284

 23    Non-Business                              184,139,622                      415,424                      227,725                  2,207,163                 351,797              20,665                169,700            2,612,903             1,314,885

 24    Others                                    578,826,362                   12,501,289                    4,125,469                              -           1,948,835             964,993               1,699,907            222,012             10,358,220

       Total                                  2,128,290,124                    96,464,154                  30,482,530                   4,184,644              13,150,419          16,625,142            17,173,981             9,910,474            20,871,629
Information :
• Including Exposure in Subsidiaries - Sharia *)
• Not adopting PSAK 71 “Financial Instruments” **)
• For 31 December 2023, economic sector mapping refers to the Risk Publication Report template Credit according to SEOJK No. 24/SEOJK.03/2021




PT BANK MANDIRI (PERSERO) TBK                                            1068                                                                                                                        1069                                    ANNUAL REPORT 2024
Page 257
        CORPORATE GOVERNANCE




CREDIT RISK - ADDITIONAL DISCLOSURES ON CREDIT
QUALITY OF ASSETS (CRB)                                                                                            Credit Risk - Additional Disclosures on Credit Quality of Assets (CRB)




6) Disclosure of Receivables on Delinquent Days

i. Disclosure of Receivables Based on Delinquent Days - Bank Only                                                                                                             (in million rupiah)

                                                       December 31, 2024                                                                December 31, 2023

                                                 Receivables by Past Due Days                                                     Receivables by Past Due Days
         Exposure
 No.
           Type
                           >90 days until        >120 days                                              >90 days until         >120 days
                                                                     >180 days          Total                                                          >180 days              Total
                             120 days           until 180 days                                            120 days            until 180 days

       Loan included
1      in Past Due                 1,448,335            2,207,252           8,953,652     12,609,239              2,289,310             4,322,560                4,387,667            10,999,537
       Receivables

       Securities
       included
2                                           -                    -              8,674           8,674                     -                     -                   39,496               39,496
       in Past Due
       Receivables

       TOTAL                       1,448,335            2,207,252           8,962,326     12,617,913              2,289,310             4,322,560                4,427,163            11,039,033




ii. Disclosure of Receivables Based on Delinquent Days - Consolidated                                                                                                         (in million rupiah)

                                                       December 31, 2024                                                                December 31, 2023

                                                 Receivables by Past Due Days                                                     Receivables by Past Due Days
         Exposure
 No.
           Type
                           >90 days until        >120 days                                              >90 days until         >120 days
                                                                     >180 days          Total                                                          >180 days              Total
                             120 days           until 180 days                                            120 days            until 180 days

       Loan included
1      in Past Due                 2,834,514            2,942,429          12,252,390     18,029,333              3,825,585             5,238,019                7,069,987            16,133,591
       Receivables

       Securities
       included
2                                           -                    -              8,674           8,674                     -                     -                  138,496              138,496
       in Past Due
       Receivables

       TOTAL                       2,834,514            2,942,429          12,261,064     18,038,007              3,825,585             5,238,019                7,208,483            16,272,087




PT BANK MANDIRI (PERSERO) TBK                         1070                                                                                     1071                          ANNUAL REPORT 2024
Page 258
        CORPORATE GOVERNANCE




CREDIT RISK - ADDITIONAL DISCLOSURES ON CREDIT
QUALITY OF ASSETS (CRB)                                                                                                           Credit Risk - Additional Disclosures on Credit Quality of Assets (CRB)



QUALITATIVE
1) Disclosure of Performing and Non-Performing Assets

i, Disclosure of Performing and Non-Performing Assets - Bank Only                                                                                                                    (in million rupiah)

                                                                                 Non Performing                                                     Non Performing
                                                                               (Quality of KL, D, M)                                              (Quality of KL, D, M)
                                           Performing
                                     (Quality of L and DPLK)                                                                               Not Impaired Receivables
                                                                                       Impaired
                                                                                      Receivables                         Have Arrears > 90 Days                     Have Arrears ≤ 90 Days

                                Gross Carrying                           Gross Carrying                              Gross Carrying                            Gross Carrying
                                                       CKPN                                         CKPN                                    CKPN                                       CKPN
                                   Amount                                   Amount                                      Amount                                    Amount

                                      a                  b                     c                     d                     e                  f                       g                   h

1        Securities                  174,276,057               12,102                 8,674                 6,921                     -                   -                     -                     -

         Loan                       1,298,170,163        25,759,274            12,609,239            12,581,110                       -                   -                     -                     -

2        a, Corporate                907,852,312         18,008,971                5,483,780             8,367,402                    -                   -                     -                     -

         b, Retail                   390,317,851             7,750,303             7,125,459             4,213,708                    -                   -                     -                     -

         Administrative
3        Account                     438,189,614              906,454                 9,198                 4,863                     -                   -                     -                     -
         Transactions




ii, Disclosure of Performing and Non-Performing Assets -                                                                                                                                                     (in million rupiah)
    Bank Consolidated with Subsidiaries

                                                                                 Non Performing                                                     Non Performing
                                                                               (Quality of KL, D, M)                                              (Quality of KL, D, M)
                                           Performing
                                     (Quality of L and DPLK)                                                                               Not Impaired Receivables
                                                                                       Impaired
                                                                                      Receivables                                                                                                          CKPN Exposure -
                                                                                                                          Have Arrears > 90 Days                     Have Arrears ≤ 90 Days
                                                                                                                                                                                                               Sharia
                                Gross Carrying                           Gross Carrying                              Gross Carrying                            Gross Carrying
                                                       CKPN                                         CKPN                                    CKPN                                       CKPN
                                   Amount                                   Amount                                      Amount                                    Amount

                                      a                  b                     c                     d                     e                  f                       g                   h

1        Securities                  290,833,711               18,982                 8,674                 6,921                     -                   -                     -                     -                 35,231

2        Loan                       1,605,187,279        26,470,280            18,029,333            12,693,914                       -                   -                     -                     -             10,273,223

         a, Corporate                907,852,312         18,008,971                5,483,780             8,367,402                    -                   -                     -                     -                        -

         b, Retail                   697,334,967             8,461,309         12,545,553                4,326,512                    -                   -                     -                     -             10,273,223

         Administrative
3        Account                     440,526,530             1,085,104                9,198                 4,864                     -                   -                     -                     -                 24,045
         Transactions




PT BANK MANDIRI (PERSERO) TBK                        1072                                                                                                          1073                                     ANNUAL REPORT 2024
Page 259
        CORPORATE GOVERNANCE




ADDITIONAL DISCLOSURES RELATED TO THE TREATMENT
OF NON-PERFORMING ASSETS (CRB-A)                                                                                                                                   Additional Disclosures related to the Treatment




2) Disclosure of Performing and Non-Performing Restructuring Assets

i, Disclosure of Performing and Non-Performing Restructuring Assets - Bank Only                                                                                                                                     (in million rupiah)

                                           Performing                            Non Performing
                                                                                                                                Stage 1                               Stage 2                                Stage 3
                                     (Quality of L and DPLK)                   (Quality of KL, D, M)

                                Gross Carrying
                                                       CKPN              Gross Carrying         CKPN               Gross Carrying         CKPN           Gross Carrying         CKPN           Gross Carrying            CKPN
                                   Amount
                                      a                  b                     c                  d                      e                 f                   g                 h                   i                      j

  1     Securities                   174,276,057                12,102                8,674               6,921        174,276,057              12,102                  -                  -               8,674                 6,921

        Loan                        1,298,170,163        25,759,274            12,609,239          12,581,110         1,204,701,720        9,094,305          85,432,035        16,664,969          20,645,647             12,581,110

  2     a, Corporate                 907,852,312         18,008,971                5,483,780           8,367,402       825,905,049         3,988,363          74,247,991        14,206,558          13,183,052              8,181,453

        b, Retail                    390,317,851             7,750,303             7,125,459           4,213,708       378,796,671         5,105,942          11,184,044         2,458,411           7,462,595              4,399,657

        Administrative
  3     Account                      438,189,614               906,454                9,198               4,863        424,070,772             412,129        13,774,342             672,971             353,698                 4,863
        Transactions




ii, Disclosure of Performing and Non-Performing Restructuring Assets - Consolidated                                                                                                                                 (in million rupiah)


                                          Performing                             Non Performing
                                                                                                                                Stage 1                               Stage 2                                Stage 3
                                      (Kualitas L dan DPK)                     (Quality of KL, D, M)


                                Gross Carrying
                                                       CKPN              Gross Carrying         CKPN               Gross Carrying         CKPN           Gross Carrying         CKPN           Gross Carrying            CKPN
                                   Amount

                                      a                  b                     c                  d                      e                 f                   g                 h                   i                      j

  1     Securities                   290,833,711                18,982                8,674               6,921        265,735,594              18,982                  -                  -               8,674                 6,921

        Loan                        1,605,187,279        26,470,280            18,029,333          12,693,914         1,241,613,340        9,748,405          85,611,593        16,721,875          20,821,053             12,693,914

  2     a, Corporate                 907,852,312         18,008,971                5,483,780           8,367,402       825,905,049         3,988,363          74,247,991        14,206,558          13,183,052              8,181,453

        b, Retail                    697,334,967             8,461,309         12,545,553              4,326,512       415,708,291         5,760,042          11,363,602         2,515,317           7,638,001              4,512,461

        Administrative
  3     Account                      440,526,530             1,085,104                9,198               4,864        423,259,000             412,234        13,774,621             672,870             353,699                 4,864
        Transactions




PT BANK MANDIRI (PERSERO) TBK                        1074                                                                                                             1075                                         ANNUAL REPORT 2024
Page 260
        CORPORATE GOVERNANCE




QUANTITATIVE DISCLOSURE RELATED TO CREDIT RISK
MITIGATION TECHNIQUES (CR3)                                                                                Quantitative Disclosure related to Credit Risk Mitigation Techniques (CR3)




1) Individual Banks Position December 2024                                                                                                                                             (in million rupiah)

                                                                                                                                     Guaranteed Receivables by
                                    Not Guaranteed Receivables       Guaranteed Receivables Using    Guaranteed Receivables by                                        Receivables Secured by Credit
                                                                                                                                     Guarantee, Security and/or
                                       Using MRK Techniques                MRK Techniques                    Collateral                                                        Derivatives
                                                                                                                                          Credit Insurance

                                                a                                 b                             c                                d                                 e

 1   Loan                                            1,206,775,575                      61,304,956                     45,362,344                       15,942,612

 2   Securities                                       174,263,955                                -                               -                                -

 3   Total                                           1,381,039,530                      61,304,956                     45,362,344                       15,942,612

 4   Past Due Loan and Securities                       4,169,922                         190,318                         18,925                          171,393



2) Bank on Consolidated with Subsidiaries Position December 2024                                                                                                                       (in million rupiah)

                                                                                                                                     Guaranteed Receivables by
                                    Not Guaranteed Receivables       Guaranteed Receivables Using    Guaranteed Receivables by                                        Receivables Secured by Credit
                                                                                                                                     Guarantee, Security and/or
                                       Using MRK Techniques                MRKTechniques                     Collateral                                                        Derivatives
                                                                                                                                          Credit Insurance

                                                a                                 b                             c                                d                                 e

 1   Loan                                            1,505,817,709                      61,424,943                     45,482,331                       15,942,612

 2   Securities                                       290,779,498                                -                               -                                -

 3   Total                                           1,796,597,207                      61,424,943                     45,482,331                       15,942,612

 4   Past Due Loan and Securities                       6,347,978                         190,318                         18,925                          171,393




PT BANK MANDIRI (PERSERO) TBK                 1076                                                                                            1077                                  ANNUAL REPORT 2024
Page 261
        CORPORATE GOVERNANCE




DISCLOSURE OF CREDIT RISK EXPOSURE AND IMPACT
OF CREDIT RISK MITIGATION TECHNIQUES (CR4)                                                                                                                            DISCLOSURE OF CREDIT RISK EXPOSURE AND
                                                                                                                                                            IMPACT OF CREDIT RISK MITIGATION TECHNIQUES (CR4)




1) Individual Banks Position December 2024

                                                                                                                                                                                                     (in million rupiah)

                                                                  Net Receivables Before Implementation of FKK       Net Receivables After Implementation of FKK and
                                                                                                                                                                            RWA and Average Risk Weight
                                                                             and MRK Techniques                            MRK RWA and Average Risk Weight

                    Portfolio Category                            Statement of Financial                             Statement of Financial                                                    Average Risk Weight
                                                                                                  TRA                                                 TRA                   RWA
                                                                        Position                                           Position                                                                 (e/(c+d))

                                                                            a                     b                            c                       d                     e                          f

  1     Government Receivables                                                  409,314,065             47,768,796                 409,314,065              12,933,036              124,882                      0.03%

  2     Public Sector Entities Receivables                                       93,523,642             69,684,813                  85,551,009              19,120,150            45,858,665                    43.81%

        Multilateral Development Banks and International
  3                                                                                       -                      -                           -                       -                     -                     0.00%
        Institutions Receivables

  4     Bank Receivables                                                         70,150,318             50,898,558                  70,003,285              25,373,732            25,689,167                    26.93%

        Securities Companies and Other Financial Services
  5                                                                              11,508,568               919,088                   11,498,715                148,244              6,203,968                    53.27%
        Institutions Receivables1)

  6     Receivables in the form of Covered Bond                                           -                      -                           -                       -                     -                     0.00%

        Corporate Receivables - General Corporate
  7                                                                             630,656,208           213,013,797                  597,901,230              57,207,900           575,518,060                    87.85%
        Exposure2)

        Securities Companies and Other Financial Services
                                                                                          -                      -                           -                       -                     -                     0.00%
        Institutions Receivables3)

  8     Special Financing Exposure4)                                            146,771,305             11,991,542                 145,988,298               2,148,256           152,505,266                   102.95%

        Receivables in the form of Securities/Subordinated
  9                                                                                 22,970                       -                     22,970                        -               24,455                    106.46%
        Receivables, Equity and Other Capital Instruments

        Micro Business, Small Business, and Retail Portfolio
  10                                                                            255,930,655             38,355,723                 236,308,305               4,021,060           182,497,934                    75.94%
        Receivables

        Loans Secured by Real Estate                                             83,301,825              4,334,917                  83,286,726                799,420             58,130,977                    69.13%

        Loans Secured by Residential Property which
        the payments Are Not Materially Dependent on                             61,739,160                   815                   61,739,160                     82             39,944,442                    64.70%
        Property Cash Flow

        Loans Secured by Residential Property which the
        payments Are Materially Dependent on Property                                     -                      -                           -                       -                     -                     0.00%
  11    Cash Flow

        Loans Secured by Commercial Property which
        the payments Are Not Materially Dependent on                              9,712,859              2,771,850                   9,697,759                638,986              7,638,584                    73.90%
        Property Cash Flow

        Loans Secured by Commercial Property which the
        payments Are Materially Dependent on Property                            11,849,806              1,562,252                  11,849,806                160,352             10,547,951                    87.83%
        Cash Flow

        Loan by Land Acquisition, Land Processing and
  12                                                                              1,095,294               550,367                    1,095,294                  71,504             1,750,197                   150.00%
        Construction

  13    Past Due Receivables                                                      4,367,161                  5,987                   4,176,844                   2,274             3,225,150                    77.17%

  14    Other Assets                                                             95,920,957                      -                  95,920,957                       -            72,594,435                    75.68%

  15    Total                                                               1,802,562,969             437,523,589               1,741,067,696              121,825,575        1,124,123,157                     60.34%



PT BANK MANDIRI (PERSERO) TBK                                  1078                                                                                                1079                             ANNUAL REPORT 2024
Page 262
        CORPORATE GOVERNANCE




DISCLOSURE OF CREDIT RISK EXPOSURE AND                                                                                                                                DISCLOSURE OF CREDIT RISK EXPOSURE AND
IMPACT OF CREDIT RISK MITIGATION TECHNIQUES (CR4)                                                                                                           IMPACT OF CREDIT RISK MITIGATION TECHNIQUES (CR4)




2) Bank on Consolidated with Subsidiaries Position December 2024

                                                                                                                                                                                                     (in million rupiah)

                                                                  Net Receivables Before Implementation of FKK       Net Receivables After Implementation of FKK and
                                                                                                                                                                            RWA and Average Risk Weight
                                                                             and MRK Techniques                            MRK RWA and Average Risk Weight
                    Portfolio Category                            Statement of Financial                             Statement of Financial                                                    Average Risk Weight
                                                                                                  TRA                                                 TRA                   RWA
                                                                        Position                                           Position                                                                 (e/(c+d))
                                                                            a                     b                            c                       d                     e                          f

  1     Government Receivables                                                  428,915,914             47,768,796                 428,915,914              12,933,036              124,882                      0.03%

  2     Public Sector Entities Receivables                                       94,159,150             69,684,813                  86,186,517              19,120,150            46,155,411                    43.83%

        Multilateral Development Banks and International
  3                                                                                       -                      -                           -                       -                     -                     0.00%
        Institutions Receivables

  4     Bank Receivables                                                         67,808,099             50,898,558                  67,661,065              25,373,732            24,843,544                    26.70%

        Securities Companies and Other Financial Services
  5                                                                              11,408,568               919,088                   11,398,715                148,244              6,128,968                    53.08%
        Institutions Receivables1)

  6     Receivables in the form of Covered Bond                                           -                      -                           -                       -                     -                     0.00%

        Corporate Receivables - General Corporate
  7                                                                             632,658,580           213,014,277                  599,903,603              57,208,092           577,551,385                    87.89%
        Exposure2)

        Securities Companies and Other Financial Services
                                                                                          -                      -                           -                       -                     -                     0.00%
        Institutions Receivables3)

  8     Special Financing Exposure4)                                            146,771,305             11,991,542                 145,988,298               2,148,256           152,505,266                   102.95%

        Receivables in the form of Securities/Subordinated
  9                                                                                 22,970                       -                     22,970                        -               24,455                    106.46%
        Receivables, Equity and Other Capital Instruments

        Micro Business, Small Business, and Retail Portfolio
  10                                                                            341,324,324             38,356,864                 321,581,987               4,021,517           237,513,277                    72.95%
        Receivables

        Loans Secured by Real Estate                                             83,350,159              4,334,917                  83,335,060                799,420             58,148,160                    69.11%

        Loans Secured by Residential Property which
        the payments Are Not Materially Dependent on                             61,787,494                   815                   61,787,494                     82             39,961,625                    64.68%
        Property Cash Flow

        Loans Secured by Residential Property which the
        payments Are Materially Dependent on Property                                     -                      -                           -                       -                     -                     0.00%
  11    Cash Flow

        Loans Secured by Commercial Property which
        the payments Are Not Materially Dependent on                              9,712,859              2,771,850                   9,697,759                638,986              7,638,584                    73.90%
        Property Cash Flow

        Loans Secured by Commercial Property which the
        payments Are Materially Dependent on Property                            11,849,806              1,562,252                  11,849,806                160,352             10,547,951                    87.83%
        Cash Flow

        Loan by Land Acquisition, Land Processing and
  12                                                                              1,095,294               550,367                    1,095,294                  71,504             1,750,197                   150.00%
        Construction

  13    Past Due Receivables                                                      4,762,558                  5,987                   4,572,241                   2,274             3,632,632                    79.41%

  14    Other Assets                                                            102,729,884                      -                 102,729,884                       -            79,205,089                    77.10%

  15    Exposure in Subsidiaries - Sharia                                       409,155,818              4,544,183                 348,430,504               2,326,951           168,278,350                    47.98%

  16    Total                                                               2,324,162,625             442,069,393               2,201,822,051              124,153,175        1,355,861,616                     58.29%


PT BANK MANDIRI (PERSERO) TBK                                  1080                                                                                                1081                             ANNUAL REPORT 2024
Page 263
        CORPORATE GOVERNANCE




EXPOSURE DISCLOSURE BY ASSET CLASS AND RISK
WEIGHTS (CR5)                                                                                                                                                               Exposure Disclosure by Asset Class and Risk Weights (CR5)




1) Individual Banks Position December 2024

                                                                                                                                                                                                                                                   (in million rupiah)

                                                                                                                                                                                                                                  Net Receivables After FKK
       Portfolio Category                     0%                               20%                            50%                              100%                          150%                              Others
                                                                                                                                                                                                                                    and MRK Techniques

 1   Government Receivables                        421,622,688                         624,412                                   -              -                                 -                              -                                       422,247,100



                                                                                                                                                                                                                                  Net Receivables After FKK
       Portfolio Category                     20%                              50%                            100%                                      150%                                         Others
                                                                                                                                                                                                                                    and MRK Techniques

     Public Sector Entities
 2                                                  36,894,399                       63,185,355                                  -                                 4,591,405,26                                               -                          104,671,159
     Receivables



                                                                                                                                                                                                                                  Net Receivables After FKK
       Portfolio Category              0%                        20%                      30%                     50%                          100%                          150%                              Others
                                                                                                                                                                                                                                    and MRK Techniques

     Multilateral Development
 3   Banks and International                          -                        -                        -                       -                              -                               -                              -                                      -
     Institutions Receivables



                                                                                                                                                                                                                                  Net Receivables After FKK
       Portfolio Category              20%                       30%                      40%                     50%                    75%                       100%                   150%                   Others
                                                                                                                                                                                                                                    and MRK Techniques

 4   Bank Receivables                     61,830,190                   1,748,835           31,017,745                     775,218                5,029               0                     0                         -                                    95,377,016

     Securities Companies and
     Other Financial Services                 779,332                  4,561,354                   (0,00)           200,036,94             6,106,236                 -                     -                         -                                    11,646,959
     Institutions Receivables1)



                                                                                                                                                                                                                                  Net Receivables After FKK
       Portfolio Category              10%                       15%                      20%                     25%                    35%                        50%                   100%                   Others
                                                                                                                                                                                                                                    and MRK Techniques

     Receivables in the form of
 5                                        -                        -                       -                         -                     -                         -                     -                         -                        -
     Covered Bond

                                                                                                                                                                                                                                                   (in million rupiah)

                                                                                                                                                                                                                                  Net Receivables After FKK
       Portfolio Category           20%               50%                      65%                      75%               80%          85%                 100%              130%                  150%              Others
                                                                                                                                                                                                                                    and MRK Techniques

     Corporate Receivables
 6   - General Corporate          58,378,129        25,431,318                                 -      1,020,011                  -   134,206,176         435,647,455                  -             426,042                   -                          655,109,131
     Exposure2)

     Securities Companies and
     Other Financial Services                 -              -                                 -              -                  -                  -                 -               -                    -                  -                                      -
     Institutions Receivables3)

     Special Financing
                                              -              -                                                -          4,882,256                       125,437,085        17,817,212                     -                  -                          148,136,553
     Exposure4)




PT BANK MANDIRI (PERSERO) TBK                               1082                                                                                                                                    1083                                          ANNUAL REPORT 2024
Page 264
        CORPORATE GOVERNANCE




Exposure Disclosure by Asset Class and Risk Weights (CR5)                                                                                                                         Exposure Disclosure by Asset Class and Risk Weights (CR5)




                                                                                                                                                                                                                                Net Receivables After FKK
       Portfolio Category                   100%                             150%                           250%                                                  400%                                Others
                                                                                                                                                                                                                                  and MRK Techniques

     Receivables in the form of
     Securities/Subordinated
 7                                         20,000,00                         2,970                             -                                                    -                                     -                                22,970
     Receivables, Equity and
     Other Capital Instruments



                                                                                                                                                                                                                                Net Receivables After FKK
       Portfolio Category                    45%                             75%                             85%                                                  100%                                Others
                                                                                                                                                                                                                                  and MRK Techniques

     Micro Business, Small
 8   Business, and Retail                  364,967                       235,518,087                       3,995,686                                              379,005                             71,620                             240,329,365
     Portfolio Receivables



                                                                                                                                                                                                                                             Net Receivables
        Portfolio Category          0%5)    20%         25%        30%         35%         40%       45%     50%         60%       65%5)   70%         75%        85%       90%     100%       105%           110%   150%       Others      After FKK and MRK
                                                                                                                                                                                                                                                Techniques

       Loans Secured by Real
9                                                                                                                                                                                                                                                               -
       Estate

       Loans Secured by
       Residential Property which
       the payments Are Not                155,337     164,898   7,451,860               5,440,243         3,738,735                             -   44,788,170         -                  -                                -        -                 61,739,242
       Materially Dependent on
       Property Cash Flow

       without loan sharing
                                                                                                                                                                                                                                                                -
       approach5)

       using a loan sharing
                                                                                                                                                                                                                                                                -
       approach (guaranteed)5)

       using a loan sharing
                                                                                                                                                                                                                                                                -
       approach (guaranteed)5)
                                                                                                                                                                                                      -
       Loans Secured by
       Commercial Property
       which the payments Are                                            -           -                 -                       -                              -                                                             -        -                          -
       Materially Dependent on
       Property Cash Flow

       Loans Secured by
       Commercial Property
       which the payments Are                      -                                                        915,248    3,992,605                      2,574,368         -         2,854,329                             194                            10,336,745
       Materially Dependent on
       Property Cash Flow

       without loan sharing
                                                                                                                                                                                                                                                                -
       approach5)

       using a loan sharing
                                                                                                                                                                                                                                                                -
       approach (guaranteed)5)

       using a loan sharing
                                                                                                                                                                                                                                                                -
       approach (guaranteed)5)




PT BANK MANDIRI (PERSERO) TBK                              1084                                                                                                                                       1085                                    ANNUAL REPORT 2024
Page 265
          CORPORATE GOVERNANCE




Exposure Disclosure by Asset Class and Risk Weights (CR5)                                                                                                                   Exposure Disclosure by Asset Class and Risk Weights (CR5)




                                                                                                                                                                                                                                           Net Receivables
         Portfolio Category         0%5)   20%       25%       30%         35%   40%   45%    50%          60%    65%5)     70%       75%          85%            90%         100%        105%      110%           150%        Others     After FKK and MRK
                                                                                                                                                                                                                                              Techniques

        Loans Secured by
        Commercial Property
        which the payments Are                                                                                            4,894,080                             5,805,464                          171,861   1,138,753,29                           12,010,159
        Materially Dependent on
        Property Cash Flow

        Loan by Land Acquisition,
        Land Processing and                                                                                                                                                           0                            1,166,798         -               1,166,798
        Construction5)



                                                                                                                                                                                                                                Net Receivables After FKK
        Portfolio Category                                           50%                                 100%                                      150%                                          Others
                                                                                                                                                                                                                                  and MRK Techniques

 10    Past Due Receivables                                    1,978,113                              2,199,384                                    1,621                                           -                                                     4,179,118




                                                                                                                                                                                                                               Net Receivables After FKK
        Portfolio Category                 0%                          20%                   100%                                           150%                            1250%5)                     Others
                                                                                                                                                                                                                                 and MRK Techniques

 11    Other Assets                              23,326,522                        -                 72,594,435                                             -                              -                            -                            95,920,957




                                            Net Receivables Statement                Net Billings TRA                                                                                                            Net Billings (After imposition of FKK
  No                  Risk Weight                                                                                                                          FKK Average
                                               of Financial Position             (before FKK imposition)                                                                                                                and MRK Techniques)
   1      <40%                                                   605,219,350                        75,364,524                                                  26.69%                                                                             617,537,955

   2      40%-70%                                                102,865,208                     106,074,664                                                    37.54%                                                                             142,005,282

   3      75%                                                    297,724,478                        37,173,790                                                  10.48%                                                                             290,011,901

   4      80%                                                        4,620,259                       2,423,805                                                  13.26%                                                                               4,882,256

   5      85%                                                    152,530,936                        43,244,878                                                  20.86%                                                                             138,201,862

   6      90%-100%                                               614,740,169                     169,765,814                                                    31.30%                                                                             644,937,157

   7      105%-130%                                               17,888,701                         1,003,725                                                  10.00%                                                                              17,989,074

   8      150%                                                       6,973,866                       2,472,389                                                  25.38%                                                                               7,327,784

   9      250%                                                               -                                -                                                  0.00%                                                                                          -

  10      400%                                                               -                                -                                                  0.00%                                                                                          -

  11      1250%                                                              -                                -                                                  0.00%                                                                                          -

  12      Total Net Receivables                                1,802,562,969                     437,523,588                                                    29.03%                                                                           1,862,893,271




PT BANK MANDIRI (PERSERO) TBK                           1086                                                                                                                                     1087                                       ANNUAL REPORT 2024
Page 266
        CORPORATE GOVERNANCE




Exposure Disclosure by Asset Class and Risk Weights (CR5)                                                                                                   Exposure Disclosure by Asset Class and Risk Weights (CR5)




2) Consolidated Bank with Subsidiaries
                                                                                                                                                                                                                           (in million rupiah)


                                                                                                                                                                                                             Net Receivables After FKK
      Portfolio Category                   0%                          20%                          50%                      100%                           150%                            Others
                                                                                                                                                                                                               and MRK Techniques


1     Government Receivables                441,224,538                       624,412                             0                          0                             0                                                    441,848,950




                                                                                                                                                                                                             Net Receivables After FKK
      Portfolio Category                 20%                           50%                          100%                             150%                                         Others
                                                                                                                                                                                                               and MRK Techniques

      Public Sector Entities
2                                               36,964,426                 63,750,836                             0                               4,591,405                                                                     105,306,667
      Receivables




                                                                                                                                                                                                             Net Receivables After FKK
      Portfolio Category              0%                      20%                 30%                 50%                    100%                           150%                            Others
                                                                                                                                                                                                               and MRK Techniques
      Multilateral Development
3     Banks and International                     0                    0                   0                       0                         0                             0                                                               0
      Institutions Receivables



                                                                                                                                                                                                             Net Receivables After FKK
      Portfolio Category             20%                     30%                  40%                 50%                  75%                   100%                    150%                 Others
                                                                                                                                                                                                               and MRK Techniques
4     Bank Receivables                62,134,472               1,748,835          28,117,709                775,218              5,029                 253,535                    0                                              93,034,798

      Securities Companies and
      Other Financial Services           779,332               4,561,354                   0                200,037         6,006,236                       0                     0                                              11,546,959
      Institutions Receivables1)



                                                                                                                                                                                                             Net Receivables After FKK
      Portfolio Category             10%                      15%                 20%                 25%                  35%                   50%                     100%                 Others
                                                                                                                                                                                                               and MRK Techniques
      Receivables in the form of
5                                                 0                    0                   0                       0                 0                       0                     0                                                        0
      Covered Bond



                                                                                                                                                                                                             Net Receivables After FKK
      Portfolio Category           20%                50%             65%5)             75%                80%           85%              100%              130%                150%            Others
                                                                                                                                                                                                               and MRK Techniques
      Corporate Receivables
6                                  58,433,852         25,431,318              -         1,112,127                      134,206,176       437,305,445                 -           622,778                 -                      657,111,696
      Umum2)

      Securities Companies and
      Other Financial Services              -                  -              -                 -                                -                 -                                    -                -                                  0
      Institutions Receivables3)

      Special Financing
                                            -                  -                                -          4,882,256                     125,437,085        17,817,212                  -                -                      148,136,553
      Exposure4)




PT BANK MANDIRI (PERSERO) TBK                          1088                                                                                                                      1089                                    ANNUAL REPORT 2024
Page 267
         CORPORATE GOVERNANCE




Exposure Disclosure by Asset Class and Risk Weights (CR5)                                                                                                            Exposure Disclosure by Asset Class and Risk Weights (CR5)




                                                                                                                                                                                                                 Net Receivables After FKK
       Portfolio Category                       100%                          150%                            250%                                  400%5)                            Others
                                                                                                                                                                                                                   and MRK Techniques
       Receivables in the form of
       Securities/Subordinated
7                                                          20,000                         2,970                                                                                                                                              22,970
       Receivables, Equity and
       Other Capital Instruments



                                                                                                                                                                                                                 Net Receivables After FKK
       Portfolio Category                       45%                           75%                             85%                                   100%                              Others
                                                                                                                                                                                                                   and MRK Techniques
       Micro Business, Small
8      Business, and Retail                               364,967                 284,392,047                        4,157,750                                   585,128                                                               325,603,503
       Portfolio Receivables



                                                                                                                                                                                                                                 (in million rupiah)

                                                                                                                                                                                                                             Net Receivables
    Portfolio Category         0%5)    20%       25%          30%       35%     40%        45%      50%          60%        65%5)   70%        75%         85%     90%     100%       105%     110%   150%       Others     After FKK and MRK
                                                                                                                                                                                                                                Techniques
      Loans Secured by
9                                                                                                                                                                                                                           0
      Real Estate

      Loans Secured
      by Residential
      Property which
      the payments Are
                                      166,950   169,162     7,461,609         5,447,738           3,752,620                         1,328   44,788,170       0                    0                          0          0                 61,787,577
      Not Materially
      Dependent on
      Property Cash
      Flow

      without
      loan sharing                                                                                                                                                                                                                                0
      approach5)

      using a loan
      sharing approach                                                                                                                                                                                                                            0
      (guaranteed)5)

      using a loan
      sharing approach                                                                                                                                                                                                                            0
      (guaranteed)5)

      Loans Secured
      by Residential
      Property which
      the payments
                                                               0        0                   0                       0                           0                                      0               0            0                 0
      Are Materially
      Dependent on
      Property Cash
      Flow




PT BANK MANDIRI (PERSERO) TBK                                 1090                                                                                                                    1091                                      ANNUAL REPORT 2024
Page 268
        CORPORATE GOVERNANCE




Exposure Disclosure by Asset Class and Risk Weights (CR5)                                                                                                               Exposure Disclosure by Asset Class and Risk Weights (CR5)




                                                                                                                                                                                                                                         (in million rupiah)

                                                                                                                                                                                                                                       Net Receivables
  Portfolio Category        0%5)    20%          25%          30%      35%        40%   45%     50%         60%        65%5)     70%             75%       85%        90%         100%       105%     110%      150%        Others    After FKK and MRK
                                                                                                                                                                                                                                          Techniques
      Commercial
      Property Secured
      Loans whose
      Payments Are
                                          0                                                    915,248    3,992,605                          2,574,368         0                2,854,329                             194                       10,336,744
      Not Materially
      Dependent on
      Property Cash
      Flow

      without
      loan sharing                                                                                                                                                                                                                                        0
      approach5)

      using a loan
      sharing approach                                                                                                                                                                                                                                    0
      (guaranteed)5)

      using a loan
      sharing approach                                                                                                                                                                                                                                    0
      (guaranteed)5)

      Loans Secured
      by Commercial
      Property which
      the payments
                                                                                                                               4,894,080                            5,805,464                       171,861   1,138,753                         12,010,158
      Are Materially
      Dependent on
      Property Cash
      Flow

      Loan by Land
      Acquisition, Land
                                                                                                                                                                                         0                    1,166,798           0              1,166,798
      Processing and
      Construction5)



                                                                                                                                                                                                                        Net Receivables After FKK and
      Portfolio Category                                  50%                                   100%                                                150%                                     Others
                                                                                                                                                                                                                              MRK Techniques
 10    Past Due Receivables                                           1.978.436                                 2.569.967                                           26.112                                       -                               4.574.515



                                                                                                                                                                                                                            Net Receivables After FKK
      Portfolio Category                           0%                         20%                        100%                                150%                      1250%5)                      Others
                                                                                                                                                                                                                              and MRK Techniques
 11    Other Assets                                     23,524,795                        -                  79,205,089                                    -                             -                        -                            102,729,884



                                                                                                                                                                                                                            Net Receivables After FKK
      Portfolio Category                      0%                     20%                25%                 35%                            50%                 75%                 100%                Others
                                                                                                                                                                                                                              and MRK Techniques
       Exposure in Subsidiaries -
 12                                           117,754,924            26,953,952         12,069,393           29,112,042                    56,601,556            41,830,624          86,420,152                   -                            370,742,643
       Sharia




PT BANK MANDIRI (PERSERO) TBK                                 1092                                                                                                                           1093                                       ANNUAL REPORT 2024
Page 269
        CORPORATE GOVERNANCE




Exposure Disclosure by Asset Class and Risk Weights (CR5)                                                              Exposure Disclosure by Asset Class and Risk Weights (CR5)




                                                                                                                                                                          (in million rupiah)

                                             Net Receivables Statement       Net Billings TRA (before                                        Net Billings (After imposition of FKK
  No                 Risk Weight                                                                            FKK Average
                                                of Financial Position            FKK imposition)                                                    and MRK Techniques)

   1     < 40%                                               625,475,130                      75,364,524      26.69%                                                           637,793,735

   2     40%-70%                                             136,585,675                     106,074,664      37.54%                                                           175,725,749

   3     75%                                                 346,710,085                      37,174,931      10.48%                                                           338,877,977

   4     80%                                                    4,620,259                      2,423,805      13.26%                                                             4,882,256

   5     85%                                                 152,693,000                      43,245,358      20.86%                                                           138,363,926

   6     90%-100%                                            623,838,863                     169,765,814      31.30%                                                           654,036,043

   7     105%-130%                                            17,888,701                       1,003,725      10.00%                                                            17,989,074

   8     150%                                                   7,195,093                      2,472,389      25.38%                                                             7,549,011

   9     250%                                                            -                              -      0.00%                                                                       -

  10     400%                                                            -                              -      0.00%                                                                       -

  11     1250%                                                           -                              -      0.00%                                                                       -

  12     Exposure in Subsidiaries - Sharia                   389,534,261                       4,544,183      61.36%                                                           241,086,711

  13     Total Net Receivables                              2.304.541.067                    442.069.394      29.03%                                                         1,975,217,770




PT BANK MANDIRI (PERSERO) TBK                        1094                                                                           1095                                ANNUAL REPORT 2024
Page 270
        CORPORATE GOVERNANCE




CREDIT RISK - COUNTERPARTY CREDIT RISK (CCR1)
EXPOSURE ANALYSIS                                                                                                 Credit Risk - Counterparty Credit Risk (CCR1) Exposure Analysis




INDIVIDUAL                                                                                                                                                          (in million rupiah)


                                     Replacement cost      Potential future                    Alpha used for regulatory
    As of 31 December 2024                                                        EEPE                                           Net Receivables                 RWA
                                           (RC)            exposure (PFE)                          EAD calculations


1      SA-CCR (for derivatives)                7,495,050              3,472,044                                            1.4                15,353,932                    7,749,198

       Internal Model Method
2                                                                                                                                                      -                              -
       (for derivatives and SFTs)

       Simple Approach for
3      credit risk mitigation (for                                                                                                                     -                              -
       SFTs)


       Comprehensive
4      Approach for credit risk                                                                                                               12,623,344                    2,468,903
       mitigation (for SFTs)


5      VaR for SFTs                                                                                                                                    -                              -

6      Total                                   7,495,050              3,472,044                                                               27,977,276                   10,218,101




CONSOLIDATED                                                                                                                                                        (in million rupiah)


                                     Replacement cost      Potential future                  Alpha used for regulatory EAD
    As of 31 December 2024                                                        EEPE                                           Net Receivables                 RWA
                                           (RC)            exposure (PFE)                            calculations


1      SA-CCR (for derivatives)                7,540,058              3,494,481                                            1.4                15,448,354                    7,777,525

       Internal Model Method
2                                                                                                                                                      -                              -
       (for derivatives and SFTs)

       Simple Approach for
3      credit risk mitigation (for                                                                                                                     -                              -
       SFTs)


       Comprehensive
4      Approach for credit risk                                                                                                               14,266,724                    2,571,233
       mitigation (for SFTs)


5      VaR for SFTs                                                                                                                                    -                              -

6      Total                                   7,540,058              3,494,481          -                                                    29,715,078                   10,348,758




PT BANK MANDIRI (PERSERO) TBK                       1096                                                                             1097                          ANNUAL REPORT 2024
Page 271
        CORPORATE GOVERNANCE




DISCLOSURE OF CC R EXPOSURES BY PORTFOLIO
CATEGORY AND RISK WEIGHTING - BANK ONLY                                                                         DISCLOSURE OF CC R EXPOSURES BY PORTFOLIO CATEGORY AND
                                                                                                                                       RISK WEIGHTING - BANK ONLY (CCR3)
(CCR3)


Disclosure of CCR Exposure by Portfolio Category
and Risk Weighting – Bank Only

As of 31 December 2024                                                                                                                                                (in million rupiah)

    Portfolio                                                                                                                                                              Total Net
                         0%          10%       20%         25%       30%       35%       40%         45%       50%         75%          85%       100%        150%
    Category                                                                                                                                                              Receivables
Government
                         3,567,981         -           -         -         -         -           -         -           -           -          -           -           -       3,567,981
Receivables

Public Sector
Entities                         -         -           -         -         -         -           -         -   5,310,579           -          -           -           -       5,310,579
Receivables

Multilateral
Development
Banks and
                                 -         -           -         -         -         -           -         -           -           -          -           -           -                 -
International
Institutions
Receivables

Bank
                                 -         -   7,988,879         -    14,489         -   8,409,967         -     99,973            -                      -           -      16,513,308
Receivables

Micro Business,
Small Business,
and Retail                       -         -           -         -         -         -           -         -                       -          -     16,623            -          16,623
Portfolio
Receivables

Corporate
                                 -         -           -         -         -         -           -         -     48,121          109     97,661   2,422,805      90           2,568,785
Receivables

Weighted
exposure of
Credit Valuation
                                 -         -           -         -         -         -           -         -           -           -          -           -           -                 -
Adjustments
(CVA risk
weighted assets)

Total                    3,567,981         -   7,988,879         -    14,489         -   8,409,967         -   5,458,673         109     97,661   2,439,427      90          27,977,276




PT BANK MANDIRI (PERSERO) TBK                  1098                                                                              1099                                ANNUAL REPORT 2024
Page 272
        CORPORATE GOVERNANCE




DISCLOSURE OF CC R EXPOSURES BY PORTFOLIO CATEGORY AND                                                           DISCLOSURE OF CC R EXPOSURES BY PORTFOLIO CATEGORY AND
RISK WEIGHTING - BANK ONLY (CCR3)                                                                                                       RISK WEIGHTING - BANK ONLY (CCR3)




Disclosure of CCR Exposure by Portfolio Category
and Risk Weighting - Consolidated

As of 31 December 2024                                                                                                                                                 (in million rupiah)

    Portfolio                                                                                                                                                               Total Net
                         0%          10%       20%         25%       30%        35%       40%         45%       50%         75%          85%       100%        150%
    Category                                                                                                                                                               Receivables

Government
                         4,845,362         -           -         -          -         -           -         -           -           -          0           -           -       4,845,362
Receivables

Public Sector
Entities                         -         -           -         -          -         -           -         -   5,310,579           -          0           -           -       5,310,579
Receivables

Multilateral
Development
Banks and
                                 -         -           -         -          -         -           -         -           -           -          -           -           -                 -
International
Institutions
Receivables

Bank
                                 -         -   8,227,614         -    108,911         -   8,463,685         -     99,973            -          0           -           -      16,900,182
Receivables

Micro Business,
Small Business,
and Retail                       -         -           -         -          -         -           -    73,547           -           -          0     16,623            -          90,169
Portfolio
Receivables

Corporate
                                 -         -           -         -          -         -           -         -     48,121          109     97,661   2,422,805      90           2,568,785
Receivables

Weighted
exposure of
Credit Valuation
                                 -         -           -         -          -         -           -         -           -           -          -           -           -                 -
Adjustments
(CVA risk
weighted assets)

Exposure in
Subsidiaries -                   -         -           -         -          -         -           -         -           -           -          -           -           -                 -
Sharia

Total                    4,845,362         -   8,227,614         -    108,911         -   8,463,685    73,547   5,458,673         109     97,661   2,439,427      90          29,715,078




PT BANK MANDIRI (PERSERO) TBK                  1100                                                                               1101                                ANNUAL REPORT 2024
Page 273
         CORPORATE GOVERNANCE




CREDIT RISK - NET RECEIVABLES OF CREDIT
DERIVATIVES (CCR6)                                                                                                               Credit Risk - Net Receivables of Credit Derivatives (CCR6)




As of 31 December 2024                                          (in million rupiah)   As of 31 December 2024                                                                               (in million rupiah)


                  INDIVIDUAL          Protection bought   Protection sold                              CONSOLIDATED                                 Protection bought                Protection sold


Notional Value                                 -                -                     Nilai Notional                                                           -                           -

   Single-name credit default swaps            -                -                       Single-name credit default swaps                                       -                           -

   Index credit default swaps                  -                -                       Index credit default swaps                                             -                           -

   Total return swaps                          -                -                       Total return swaps                                                     -                           -

   Credit options                              -                -                       Credit options                                                         -                           -

   Other credit derivatives                    -                -                       Other credit derivatives                                               -                           -

Total Notional Value                           -                -                     Total Notional Value                                                     -                           -

Fair value                                     -                -                     Fair value                                                               -                           -

   Positive fair value (asset)                 -                -                       Positive fair value (asset)                                            -                           -

   Negative fair value (liability)             -                -                       Negative fair value (liability)                                            -                           -

                                                                                      Note: Bank Mandiri as bank only and consolidated did not have credit derivative transactions




PT BANK MANDIRI (PERSERO) TBK           1102                                                                                                       1103                                   ANNUAL REPORT 2024
Page 274
        CORPORATE GOVERNANCE




CREDIT RISK - DISCLOSURE OF SECURITIZATION
EXPOSURE IN BANKING BOOK (SEC1)                                                                            CREDIT RISK - Disclosure of securitization Exposure in Banking Book (SEC1)




As of 31 December 2024                                                                                                                                                                            (in million rupiah)

                                                               Bank as originator                                     Bank as sponsor                                         Bank as investor
                       INDIVIDUAL
                                             Traditional            Sintetis        Sub-total       Traditional           Sintetis       Sub-total          Traditional           Sintetis           Sub-total
  1     Retail (total) - among other                 17,931                    -          17,931                  -                  -                -            42,194                    -               42,194

  2     Housing loans                                17,931                    -          17,931                  -                  -                -            42,194                    -               42,194

  3     Credit cards                                       -                   -                -                 -                  -                -                   -                  -                      -

  4     Other retail exposures                             -                   -                -                 -                  -                -                   -                  -                      -

  5     Re-securitization                                  -                   -                -                 -                  -                -                   -                  -                      -

  6     Non-retail (total) - among others                  -                   -                -                 -                  -                -                   -                  -                      -

  7     Corporate loans                                    -                   -                -                 -                  -                -                   -                  -                      -

  8     Commercial credit                                  -                   -                -                 -                  -                -                   -                  -                      -

  9     Rent and accounts receivable                       -                   -                -                 -                  -                -                   -                  -                      -

  10    Other non-retail                                   -                   -                -                 -                  -                -                   -                  -                      -

  11    Re-securitization                                  -                   -                -                 -                  -                -                   -                  -                      -



                                                                                                                                                                                                  (in million rupiah)

                                                               Bank as originator                                     Bank as sponsor                                         Bank as investor
                  CONSOLIDATED
                                             Traditional            Sintetis        Sub-total       Traditional           Sintetis       Sub-total          Traditional           Sintetis           Sub-total
  1     Retail (total) - among other                 24,130                    -          24,130                  -                  -                -            68,940                    -               68,940

  2     Housing loans                                24,130                    -          24,130                  -                  -                -            68,940                    -               68,940

  3     Credit cards                                       -                   -                -                 -                  -                -                   -                  -                      -

  4     Other retail exposures                             -                   -                -                 -                  -                -                   -                  -                      -

  5     Re-securitization                                  -                   -                -                 -                  -                -                   -                  -                      -

  6     Non-retail (total) - among others                  -                   -                -                 -                  -                -                   -                  -                      -

  7     Corporate loans                                    -                   -                -                 -                  -                -                   -                  -                      -

  8     Commercial credit                                  -                   -                -                 -                  -                -                   -                  -                      -

  9     Rent and accounts receivable                       -                   -                -                 -                  -                -                   -                  -                      -

  10    Other non-retail                                   -                   -                -                 -                  -                -                   -                  -                      -

  11    Re-securitization                                  -                   -                -                 -                  -                -                   -                  -                      -




PT BANK MANDIRI (PERSERO) TBK               1104                                                                                                     1105                                        ANNUAL REPORT 2024
Page 275
         CORPORATE GOVERNANCE




CREDIT RISK - DISCLOSURE OF SECURITIZATION
EXPOSURE IN TRADING BOOK (SEC2)                                                                                                               CREDIT RISK - Disclosure of securitization Exposure in Trading Book (SEC2)




As of 31 December 2024                                                                                                                                                                                                              (in million rupiah)

                                                                                                Bank as originator                                      Bank as sponsor                                         Bank as investor
                         INDIVIDUAL
                                                                          Traditional                  Sintetis       Sub-total       Traditional           Sintetis       Sub-total          Traditional           Sintetis           Sub-total
  1      Retail (total) - among other                                                       -                     -               -                 -                  -                -                   -                  -                      -

  2      Housing loans                                                                      -                     -               -                 -                  -                -                   -                  -                      -

  3      Credit cards                                                                       -                     -               -                 -                  -                -                   -                  -                      -

  4      Other retail exposures                                                             -                     -               -                 -                  -                -                   -                  -                      -

  5      Re-securitization                                                                  -                     -               -                 -                  -                -                   -                  -                      -

  6      Non-retail (total) - among others                                                  -                     -               -                 -                  -                -                   -                  -                      -

  7      Corporate loans                                                                    -                     -               -                 -                  -                -                   -                  -                      -

  8      Commercial credit                                                                  -                     -               -                 -                  -                -                   -                  -                      -

  9      Rent and accounts receivable                                                       -                     -               -                 -                  -                -                   -                  -                      -

  10     Other non-retail                                                                   -                     -               -                 -                  -                -                   -                  -                      -

  11     Re-securitization                                                                  -                     -               -                 -                  -                -                   -                  -                      -



                                                                                                                                                                                                                                    (in million rupiah)

                                                                                                Bank as originator                                      Bank as sponsor                                         Bank as investor
                     CONSOLIDATION
                                                                          Traditional                  Sintetis       Sub-total       Traditional           Sintetis       Sub-total          Traditional           Sintetis           Sub-total
  1      Retail (total) - among other                                                       -                     -               -                 -                  -                -                   -                  -                      -

  2      Housing loans                                                                      -                     -               -                 -                  -                -                   -                  -                      -

  3      Credit cards                                                                       -                     -               -                 -                  -                -                   -                  -                      -

  4      Other retail exposures                                                             -                     -               -                 -                  -                -                   -                  -                      -

  5      Re-securitization                                                                  -                     -               -                 -                  -                -                   -                  -                      -

  6      Non-retail (total) - among others                                                  -                     -               -                 -                  -                -                   -                  -                      -

  7      Corporate loans                                                                    -                     -               -                 -                  -                -                   -                  -                      -

  8      Commercial credit                                                                  -                     -               -                 -                  -                -                   -                  -                      -

  9      Rent and accounts receivable                                                       -                     -               -                 -                  -                -                   -                  -                      -

  10     Other non-retail                                                                   -                     -               -                 -                  -                -                   -                  -                      -

  11     Re-securitization                                                                  -                     -               -                 -                  -                -                   -                  -                      -

Notes: Bank Mandiri as bank only and consolidated did not have securitization exposure in trading book		




PT BANK MANDIRI (PERSERO) TBK                                          1106                                                                                                            1107                                        ANNUAL REPORT 2024
Page 276
          CORPORATE GOVERNANCE




CREDIT RISK - DISCLOSURE OF SECURITIZATION
EXPOSURE IN THE BANKING BOOK WHEN THE BANK                                                                                     CREDIT RISK - DISCLOSURE OF SECURITIZATION EXPOSURE IN THE BANKING BOOK WHEN THE
                                                                                                                                          BANK IS THE ORIGINATOR OR SPONSOR AND ITS CAPITAL REQUIREMENTS (SEC3)
IS THE ORIGINATOR OR SPONSOR AND ITS CAPITAL
REQUIREMENTS (SEC3)

As of 31 December 2024                                                                                                                                                                                                  (in million rupiah)

                                            Exposure Value                             Exposure Value                                        RWA
                                                                                                                                                                                             Capital charge after cap
                                        (based on Risk Weighted)               (based on regulatory approach)                   (based on regulatory approach)


      INDIVIDUAL                      >20% to    >50% to >100% to
                                                                    1250%      IRB RBA
                          ≤20% Risk     50%       100%     <1250%                                                      IRB RBA                                                  IRB RBA
                                                                     Risk     (include   IRB SFA   SA/SSFA 1250%                    IRB SFA       SA/SSFA        1250%                        IRB SFA       SA/SSFA            1250%
                          Weighted      Risk       Risk      Risk                                                   (include IAA)                                            (include IAA)
                                                                   Weighted      IAA)
                                      Weighted   Weighted Weighted

 1     Total exposure        42,194          -          -          -      -          -    42,194        -       -              -         7,293              -            -              -               -               -                 -

       Traditional
 2                           42,194          -          -          -      -          -    42,194        -       -              -         7,293              -            -              -               -               -                 -
       securitization

       In which the
 3     underlying            42,194          -          -          -      -          -    42,194        -       -              -         7,293              -            -              -               -               -                 -
       securitization

 4     Ritel                 42,194          -          -          -      -          -    42,194        -       -              -         7,293              -            -              -               -               -                 -

 5     Non-ritel                  -          -          -          -      -          -         -        -       -              -              -             -            -              -               -               -                 -

       In which
 6                                -          -          -          -      -          -         -        -       -              -              -             -            -              -               -               -                 -
       resecuritization

 7     Senior                     -          -          -          -      -          -         -        -       -              -              -             -            -              -               -               -                 -

 8     Non-senior                 -          -          -          -      -          -         -        -       -              -              -             -            -              -               -               -                 -

       Synthetic
 9                                -          -          -          -      -          -         -        -       -              -              -             -            -              -               -               -                 -
       securitization

       In which the
 10    underlying                 -          -          -          -      -          -         -        -       -              -              -             -            -              -               -               -                 -
       securitization

 11    Ritel                      -          -          -          -      -          -         -        -       -              -              -             -            -              -               -               -                 -

 12    Non-ritel                  -          -          -          -      -          -         -        -       -              -              -             -            -              -               -               -                 -

       In which
 13                               -          -          -          -      -          -         -        -       -              -              -             -            -              -               -               -                 -
       resecuritization

 14    Senior                     -          -          -          -      -          -         -        -       -              -              -             -            -              -               -               -                 -

 15    Non-senior                 -          -          -          -      -          -         -        -       -              -              -             -            -              -               -               -                 -




PT BANK MANDIRI (PERSERO) TBK                          1108                                                                                                                  1109                                  ANNUAL REPORT 2024
Page 277
         CORPORATE GOVERNANCE




CREDIT RISK - DISCLOSURE OF SECURITIZATION EXPOSURE IN THE BANKING BOOK WHEN THE                                              CREDIT RISK - DISCLOSURE OF SECURITIZATION EXPOSURE IN THE BANKING BOOK WHEN THE
BANK IS THE ORIGINATOR OR SPONSOR AND ITS CAPITAL REQUIREMENTS (SEC3)                                                                    BANK IS THE ORIGINATOR OR SPONSOR AND ITS CAPITAL REQUIREMENTS (SEC3)




As of 31 December 2024                                                                                                                                                                                                 (in million rupiah)

                                           Exposure Value                             Exposure Value                                        ATMR
                                                                                                                                                                                            Capital charge after cap
                                       (based on Risk Weighted)               (based on regulatory approach)                   (based on regulatory approach)


 CONSOLIDATION                       >20% to    >50% to >100% to
                                                                   1250%      IRB RBA
                         ≤20% Risk     50%       100%     <1250%                                                      IRB RBA                                                  IRB RBA
                                                                    Risk     (include   IRB SFA   SA/SSFA 1250%                    IRB SFA       SA/SSFA        1250%                        IRB SFA       SA/SSFA            1250%
                         Weighted      Risk       Risk      Risk                                                   (include IAA)                                            (include IAA)
                                                                  Weighted      IAA)
                                     Weighted   Weighted Weighted

 1    Total exposure             -          -          -     17,931      -          -         -    17,931      -              -              -      213,904             -              -               -        4,834                    -

      Traditional
 2                               -          -          -     17,931      -          -         -    17,931      -              -              -      213,904             -              -               -        4,834                    -
      securitization

      In which the
 3    underlying                 -          -          -     17,931      -          -         -    17,931      -              -              -      213,904             -              -               -        4,834                    -
      securitization

 4    Ritel                      -          -          -     17,931      -          -         -    17,931      -              -              -      213,904             -              -               -        4,834                    -

 5    Non-ritel                  -          -          -          -      -          -         -         -      -              -              -             -            -              -               -               -                 -

      In which
 6                               -          -          -          -      -          -         -         -      -              -              -             -            -              -               -               -                 -
      resecuritization

 7    Senior                     -          -          -          -      -          -         -         -      -              -              -             -            -              -               -               -                 -

 8    Non-senior                 -          -          -          -      -          -         -         -      -              -              -             -            -              -               -               -                 -

      Synthetic
 9                               -          -          -          -      -          -         -         -      -              -              -             -            -              -               -               -                 -
      securitization

      In which the
 10   underlying                 -          -          -          -      -          -         -         -      -              -              -             -            -              -               -               -                 -
      securitization

 11   Ritel                      -          -          -          -      -          -         -         -      -              -              -             -            -              -               -               -                 -

 12   Non-ritel                  -          -          -          -      -          -         -         -      -              -              -             -            -              -               -               -                 -

      In which
 13                              -          -          -          -      -          -         -         -      -              -              -             -            -              -               -               -                 -
      resecuritization

 14   Senior                     -          -          -          -      -          -         -         -      -              -              -             -            -              -               -               -                 -

 15   Non-senior                 -          -          -          -      -          -         -         -      -              -              -             -            -              -               -               -                 -




PT BANK MANDIRI (PERSERO) TBK                         1110                                                                                                                  1111                                  ANNUAL REPORT 2024
Page 278
         CORPORATE GOVERNANCE




CREDIT RISK - DISCLOSURE OF SECURITIZATION
EXPOSURE ON BANKING BOOK AND ITS CAPITAL                                                                                          CREDIT RISK - DISCLOSURE OF SECURITIZATION EXPOSURE ON BANKING BOOK AND ITS
                                                                                                                                                                 CAPITAL REQUIREMENTS – BANK AS INVESTOR (SEC4)
REQUIREMENTS – BANK AS INVESTOR (SEC4)


As of 31 December 2024                                                                                                                                                                                                (in million rupiah)


                                           Exposure Value                            Exposure Value                                        RWA
                                                                                                                                                                                           Capital charge after cap
                                       (based on Risk Weighted)              (based on regulatory approach)                   (based on regulatory approach)

      INDIVIDUAL
                                     >20% to  >50% to >100% to
                                                                 1250%      IRB RBA
                         ≤20% Risk     50%     100%     <1250%                                                       IRB RBA                                                  IRB RBA
                                                                  Risk     (include   IRB SFA   SA/SSFA   1250%                   IRB SFA       SA/SSFA        1250%                        IRB SFA       SA/SSFA            1250%
                         Weighted      Risk     Risk      Risk                                                    (include IAA)                                            (include IAA)
                                                                Weighted      IAA)
                                     Weighted Weighted Weighted

 1    Total exposure        42,194         -          -           -    -          -    42,194         -       -              -         7,293              -            -              -               -               -                 -

      Traditional
 2                          42,194         -          -           -    -          -    42,194         -       -              -         7,293              -            -              -               -               -                 -
      securitization

      In which the
 3    underlying            42,194         -          -           -    -          -    42,194         -       -              -         7,293              -            -              -               -               -                 -
      securitization

 4    Ritel                 42,194         -          -           -    -          -    42,194         -       -              -         7,293              -            -              -               -               -                 -

 5    Non-ritel                  -         -          -           -    -          -         -         -       -              -              -             -            -              -               -               -                 -

      In which
 6                               -         -          -           -    -          -         -         -       -              -              -             -            -              -               -               -                 -
      resecuritization

 7    Senior                     -         -          -           -    -          -         -         -       -              -              -             -            -              -               -               -                 -

 8    Non-senior                 -         -          -           -    -          -         -         -       -              -              -             -            -              -               -               -                 -

      Synthetic
 9                               -         -          -           -    -          -         -         -       -              -              -             -            -              -               -               -                 -
      securitization

      In which the
 10   underlying                 -         -          -           -    -          -         -         -       -              -              -             -            -              -               -               -                 -
      securitization

 11   Ritel                      -         -          -           -    -          -         -         -       -              -              -             -            -              -               -               -                 -

 12   Non-ritel                  -         -          -           -    -          -         -         -       -              -              -             -            -              -               -               -                 -

      In which
 13                              -         -          -           -    -          -         -         -       -              -              -             -            -              -               -               -                 -
      resecuritization

 14   Senior                     -         -          -           -    -          -         -         -       -              -              -             -            -              -               -               -                 -

 15   Non-senior                 -         -          -           -    -          -         -         -       -              -              -             -            -              -               -               -                 -




PT BANK MANDIRI (PERSERO) TBK                             1112                                                                                                             1113                                  ANNUAL REPORT 2024
Page 279
         CORPORATE GOVERNANCE




CREDIT RISK - DISCLOSURE OF SECURITIZATION EXPOSURE ON BANKING BOOK AND ITS                                                       CREDIT RISK - DISCLOSURE OF SECURITIZATION EXPOSURE ON BANKING BOOK AND ITS
CAPITAL REQUIREMENTS – BANK AS INVESTOR (SEC4)                                                                                                                   CAPITAL REQUIREMENTS – BANK AS INVESTOR (SEC4)




As of 31 December 2024                                                                                                                                                                                                (in million rupiah)

                                           Exposure Value                            Exposure Value                                        RWA
                                                                                                                                                                                           Capital charge after cap
                                       (based on Risk Weighted)              (based on regulatory approach)                   (based on regulatory approach)

  CONSOLIDATION                      >20% to  >50% to >100% to
                                                                 1250%      IRB RBA
                         ≤20% Risk     50%     100%     <1250%                                                       IRB RBA                                                  IRB RBA
                                                                  Risk     (include   IRB SFA   SA/SSFA   1250%                   IRB SFA       SA/SSFA        1250%                        IRB SFA       SA/SSFA            1250%
                         Weighted      Risk     Risk      Risk                                                    (include IAA)                                            (include IAA)
                                                                Weighted      IAA)
                                     Weighted Weighted Weighted


 1    Total exposure        42,194         -          -           -    -          -    42,194         -       -              -         7,293              -            -              -               -               -                 -

      Traditional
 2                          42,194         -          -           -    -          -    42,194         -       -              -         7,293              -            -              -               -               -                 -
      securitization

      In which the
 3    underlying            42,194         -          -           -    -          -    42,194         -       -              -         7,293              -            -              -               -               -                 -
      securitization

 4    Ritel                 42,194         -          -           -    -          -    42,194         -       -              -         7,293              -            -              -               -               -                 -

 5    Non-ritel                  -         -          -           -    -          -         -         -       -              -              -             -            -              -               -               -                 -

      In which
 6                               -         -          -           -    -          -         -         -       -              -              -             -            -              -               -               -                 -
      resecuritization

 7    Senior                     -         -          -           -    -          -         -         -       -              -              -             -            -              -               -               -                 -

 8    Non-senior                 -         -          -           -    -          -         -         -       -              -              -             -            -              -               -               -                 -

      Synthetic
 9                               -         -          -           -    -          -         -         -       -              -              -             -            -              -               -               -                 -
      securitization

      In which the
 10   underlying                 -         -          -           -    -          -         -         -       -              -              -             -            -              -               -               -                 -
      securitization

 11   Ritel                      -         -          -           -    -          -         -         -       -              -              -             -            -              -               -               -                 -

 12   Non-ritel                  -         -          -           -    -          -         -         -       -              -              -             -            -              -               -               -                 -

      In which
 13                              -         -          -           -    -          -         -         -       -              -              -             -            -              -               -               -                 -
      resecuritization

 14   Senior                     -         -          -           -    -          -         -         -       -              -              -             -            -              -               -               -                 -

 15   Non-senior                 -         -          -           -    -          -         -         -       -              -              -             -            -              -               -               -                 -




PT BANK MANDIRI (PERSERO) TBK                             1114                                                                                                             1115                                  ANNUAL REPORT 2024
Page 280
        CORPORATE GOVERNANCE




CREDIT RISK - EXPOSURE REPORT RELATED TO
TRANSACTIONS WITH CENTRAL COUNTERPARTY                                                                                                                           CREDIT RISK - EXPOSURE REPORT RELATED TO TRANSACTIONS
                                                                                                                                                                         WITH CENTRAL COUNTERPARTY INSTITUTIONS (CCPS)
INSTITUTIONS (CCPS)


1) Individual Banks Position December 2024                                                                       2) Bank on Consolidated with Subsidiaries Position December 2024
                                                                                           Net                                                                                                    Net Receivables
                                                                                       Receivables                                                                                                      After
                                                                                                                 No,                                 Component Name                                                   RWA
 No.                                  Component Name                                       After      RWA                                                                                         Implementation
                                                                                     Implementation                                                                                               of FKK and MRK
                                                                                     of FKK and MRK
                                                                                                                 1     Total Exposure to QCCP                                                               7,431        149
  1    Total Exposure to QCCP                                                                 7,431     149
                                                                                                                       Exposure transacted with QCCP (excluding initial margin and default fund
                                                                                                                                                                                                            2,399         48
       Exposure transacted with QCCP (excluding initial margin and default fund                                        contribution)
                                                                                              2,399         48
       contribution)
                                                                                                                       (i) OTC derivatives                                                                  2,399         48
       (i) OTC derivatives                                                                    2,399         48   2
                                                                                                                       (ii) Derivatives transactions through exchanges                                          -           -
  2
       (ii) Derivatives transactions through exchanges                                            -          -
                                                                                                                       (iii) Securities financing transactions                                                  -           -
       (iii) Securities financing transactions                                                    -          -
                                                                                                                       (iv) Netting set (in case cross-product netting is allowed)                              -           -
       (iv) Netting set (in case cross-product netting is allowed)                                -          -
                                                                                                                 3     Segregated Initial Margin                                                                -           -
  3    Segregated Initial Margin                                                                  -          -
                                                                                                                 4     Nonsegregated Initial Margin                                                             -           -
  4    Nonsegregated Initial Margin                                                               -          -
                                                                                                                 5     Prefunded default fund contribution                                                  5,032        101
  5    Prefunded default fund contribution                                                    5,032     101
                                                                                                                 6     Unfunded default fund contribution                                                       -           -
  6    Unfunded default fund contribution                                                         -          -
                                                                                                                 7     Total Exposure to NonQCCP                                                                -           -
  7    Total Exposure to NonQCCP                                                                  -          -
                                                                                                                       Exposure transacted via non-QCCP (excluding initial margin and default
                                                                                                                                                                                                                -           -
       Exposure transacted via non-QCCP (excluding initial margin and default fund                                     fund contribution)
                                                                                                  -          -
       contribution)
                                                                                                                       (i) OTC derivatives                                                                      -           -
       (i) OTC derivatives                                                                        -          -   8
                                                                                                                       (ii) Derivatives transactions through exchanges                                          -           -
  8
       (ii) Derivatives transactions through exchanges                                            -          -
                                                                                                                       (iii) Securities financing transactions                                                  -           -
       (iii) Securities financing transactions                                                    -          -
                                                                                                                       (iv) Netting set (in case cross-product netting is allowed)                              -           -
       (iv) Netting set (in case cross-product netting is allowed)                                -          -
                                                                                                                 9     Segregated Initial Margin                                                                -           -
  9    Segregated Initial Margin                                                                  -          -
                                                                                                                 10    Nonsegregated Initial Margin                                                             -           -
 10    Nonsegregated Initial Margin                                                               -          -
                                                                                                                 11    Prefunded default fund contribution                                                      -           -
 11    Prefunded default fund contribution                                                        -          -
                                                                                                                 12    Unfunded default fund contribution                                                       -           -
 12    Unfunded default fund contribution                                                         -          -
                                                                                                                 13    Total Exposure to QCCP and Non-QCCP                                                  7,431        149
 13    Total Exposure to QCCP and Non-QCCP                                                    7,431     149




PT BANK MANDIRI (PERSERO) TBK                                1116                                                                                                         1117                              ANNUAL REPORT 2024
Page 281
           CORPORATE GOVERNANCE




TABLE 7.1. DISCLOSURE OF MARKET RISK USING
A STANDARD METHOD                                                                                                                                                                                       TABLE 7.1. Disclosure of Market Risk using a Standard Method




                                                                                                                                            (in IDR million)                                                                                                                                           (in IDR million)

                                                                                        December 31, 2024*)                                                                                                                                                      December 31, 2023

No.                Types of Risk                                         Bank                                             Consolidation                         No.                     Types of Risk                                              Bank                                  Consolidation

                                                    Expense Modal                      RWA                Expense Modal                       RWA                                                                                  Expense                                       Expense
                                                                                                                                                                                                                                                                RWA                                      RWA
                                                                                                                                                                                                                                    Modal                                         Modal
 (1)                       (2)                               (3)                         (4)                        (5)                        (6)
                                                                                                                                                                 (1)                            (2)                                    (3)                        (4)              (5)                    (6)
         Capital charges based on
                                                               1,180,553                 14,756,912                   1,207,785                15,097,310
         sensitivity-based method                                                                                                                                        Interest Rate Risks                                              425,841                 5,323,018          541,171              6,764,640

         GIRR risk class                                           538,232                6,727,900                       545,175                6,814,687      1        a. Specific Risks                                                      868                     10,844           38,445             480,569

         CSR risk class (non-
                                                                   264,180                3,302,255                       268,159                3,351,987               b. General Risks                                                 424,974                 5,312,174          502,726              6,284,071
         securitization)

         CSR risk class (securitization:                                                                                                                        2        Exchange Rat Risks                                               264,267                 3,303,335          334,995              4,187,435
                                                                          -                           -                          -                          -
         non-CTP)
a.
         CSR risk class (securitization:                                                                                                                        3        Equity Risks **)                                                           -                        -            2,894                 36,177
                                                                          -                           -                          -                          -
         CTP)
                                                                                                                                                                4        Commodity Risks **)                                                        -                        -                -                      -
         Equity risk class **)                                            -                           -                    11,630                    145,380

                                                                                                                                                                5        Option Risks                                                            33                       413               33                    413
         Commodity Risks Class **)                                        -                           -                          -                          -

                                                                                                                                                                6        Credit Valuation Adjustment (CVA)                                108,276                 1,353,449          109,648              1,370,604
         Exchange Rat Risks Class                                  378,141                4,726,758                       382,821                4,785,257
                                                                                                                                                                Total                                                                     798,417                 9,980,215          988,742             12,359,269
         Capital expense of default risk
b.                                                                  38,998                     487,474                     40,284                    503,547
         (DRC)                                                                                                                                                  **) This risk is only calculated if there are Subsidiaries that have equity and/or commodity exposure


c.       Residual risk add-on (RRAO)                                      -                           -                          -                          -

         Credit Valuation Adjustment
d.                                                                 403,605                5,045,063                       412,072                5,150,904
         (CVA)

e.       Additional Pillar 1 ATMR                                         -                           -                   135,475                1,693,432

 Total                                                         1,623,156                 20,289,449                   1,795,615                22,445,192
 *)  There is a change in the Market ATMR methodology in 2024, from previously using the Basel II Standard Method (Year 2023) to using the Basel III Standard
     Approach starting January 2024
 **) This risk is only calculated if there are Subsidiaries that have equity and/or commodity exposure




PT BANK MANDIRI (PERSERO) TBK                                                 1118                                                                                                                                                           1119                                                 ANNUAL REPORT 2024
Page 282
          CORPORATE GOVERNANCE




TABLE 7.2 DISCLOSURE OF MARKET RISK USING AN                                                                                           TABLE 7.3A DISCLOSURE OF INTEREST RATE RISK IN
INTERNAL MODEL (VALUE AT RISK/VAR) - BANK ONLY                                                                                        BANKING BOOK (IRRBB) EXPOSURES - BANK ONLY



                                                                                                     (in IDR million)   Bank Name : PT. Bank Mandiri (Persero), Tbk (Individual)
                                                                                                                        Month Report : December 2024
                                 December 31, 2024                                December 31, 2023
          Types of                                                                                                      Currency		   : Rupiah and Valas
 No
            Risk        VaR        VaR     VaR   VaR End                 VaR        VaR        VaR        VaR End
                       Aveage    Maximum Minimum Periode                Aveage    Maximum    Minimum      Periode

 (1)         (2)        (3)        (4)       (5)            (6)          (3)        (4)        (5)           (6)                        In IDR million                     ΔEVE                           ΔNII

         Interest                                                                                                                          Period                Dec-24           Dec-23        Dec-24              Dec-23
1                       20,675      57,586    6,845         15,803       24,583     47,974     12,661        18,991
         Rate Risk
                                                                                                                        Parallel up                                5,121,749      (2,202,450)     1,198,553            121,234
         Foreign
2        Exchange       14,272      40,349    1,760             8,948    32,655     85,253      3,356        25,636     Parallel down                             (4,398,536)       6,127,550   (4,378,629)         (3,091,515)
         Risk
                                                                                                                        Steepener                                 (3,294,699)     (6,912,287)
3        Option Risk     5,828      14,847         722            845     7,089     26,108      1,115          2,193
                                                                                                                        Flattener                                  5,095,363        7,086,259
 Total                  24,019      58,801    7,571         22,164       37,289     86,076     15,257        33,058
                                                                                                                        Short rate up                              4,947,860        3,367,107

                                                                                                                        Short rate down                           (6,509,117)     (4,517,455)

                                                                                                                        Negative Maximum Value (absolute)          6,509,117        6,912,287     4,378,629           3,091,515

                                                                                                                        Tier 1 capital (for ΔEVE) or Projected
                                                                                                                                                                 229,932,670      209,724,274    76,058,431          67,392,637
                                                                                                                        Income (for ΔNII)

                                                                                                                        Maximum Value divided by Tier 1
                                                                                                                        Capital (for ΔEVE) or Projected Income         2.83%           3.30%         5.76%               4.59%
                                                                                                                        (for ΔNII)




PT BANK MANDIRI (PERSERO) TBK                            1120                                                                                                          1121                                   ANNUAL REPORT 2024
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TABLE 7.4 DISCLOSURE OF RISK MANAGEMENT                                                                                                                                                       TABLE 7.4 DISCLOSURE OF RISK MANAGEMENT
                                                                                                                                                                                          IMPLEMENTATION REPORT FOR IRRBB - BANK ONLY
IMPLEMENTATION REPORT FOR IRRBB - BANK ONLY




Bank Name              : PT Bank Mandiri (Persero), Tbk. (Individual)                                                                                                        Qualitative Analysis of IRRBB
Position		             : December 2024
Currency		             : Rupiah and Valas                                                                                        5   Modelling assumption used significantly in the Internal Measurement System (IMS) – if any.

                                                                                                                                     The Bank has no modelling assumption that is used significantly in the Internal Measurement System (IMS) because
                                                                                                                                     the Bank’s assumption is different from the modelling assumption used in the IRRBB calculation with a standardised
                                             Qualitative Analysis of IRRBB
                                                                                                                                     method
1    Explanation about how the Bank defines IRRBB for risk measurement and control
                                                                                                                                 6   Explanation about how the Bank hedges the IRRBB (if any), along with the relevant accounting treatment.
     The Interest Rate Risk in The Banking Book is a risk due to movements of interest rates in the market that run counter
     to the position of the Banking Book, which potentially impacts the capital and rentability (earnings) of the Bank in            The Bank makes hedging transactions on the interest rate risk position by considering risk appetite, business strategies,
     the current period or the future.                                                                                               and projected future movements of market factors. The Bank does not apply the hedge accounting method in
                                                                                                                                     the hedging transaction accounting. The profit/loss arising from the hedging transaction is recorded in the Bank’s
     The Bank uses 2 (two) methods in calculating the IRRBB, namely calculation based on changes in the economic                     profit/loss statement.
     value of equity, or ΔEVE, and calculation based on changes in net interest income, or ΔNII. The simulation of ΔEVE
     and ΔNII is performed according to interest rate shock in OJK Circular No. 12/SEOJK.03/2018 dated 21 August 2018.               Penjelasan komprehensif mengenai asumsi utama pemodelan dan parametrik yang digunakan dalam menghitung
                                                                                                                                 7
                                                                                                                                     ΔEVE dan ΔNII.
     The Bank controls and mitigates interest rate risk using a recomposition of assets and liabilities or a hedging strategy.
                                                                                                                                     The following are the primary assumptions of modelling used to calculate ΔEVE and ΔNII:
2    Explanation about IRRBB strategic management and mitigation                                                                     a. ΔEVE calculation does not consider a commercial margin in the cash flow and discount on cash flow while
                                                                                                                                        ΔNII calculation considers a commercial margin in the cash flow.
     The Bank adopts IRRBB control strategies that are in line with the Banks overall business strategies by considering the
     risk appetite and risk tolerance approved by the Board of Directors.                                                            b. The material impact of instruments having behavioral options, such as consumer credit, retail deposit, and
                                                                                                                                        NMD on ΔEVE and ΔNII has been factored in using the early prepayment model (for consumer credit),
     Meanwhile, in response to changes in the economic value of equity (ΔEVE), the IRRBB mitigation strategies are                      early redemption method (for termed deposit), and behavior analysis method for NMD. These models will
     formulated based on the duration of the positions (average repricing maturity) of assets and liabilities. As of December           affect the repricing time of the instruments inside the repricing gap.
     31, 2024, Bank Mandiris individual ΔEVE was 2.83%, far below the level set by the Regulator of 15%. The increase
     of ΔEVE compared to previous period was driven by the Banks internal strategy in managing assets & liabilities,
     specifically in optimizing liquidity.

     Periodic calculation of the Banks IRRBB and the explanation about specific actions taken by the Bank to measure                                                              Quantitative Analysis
3
     sensitivity to IRRBB.
                                                                                                                                 1   Average Repricing Maturity applied to NMD.
     To ensure IRRBB is monitored properly, the Bank calculates IRRBB every end-of-month of the reporting period and
     reports and publishes the result for every quarter position per the prevailing provisions. The measurement of sensitivity       √√   Average Repricing Maturity for IDR Checking Account is 2.01 years (Retail) and 1.08 years (Wholesale)
     to IRRBB is in accordance with OJK Circular No. 12/SEOJK.03/2018 dated August 21, 2018:                                         √√   Average Repricing Maturity for USD Checking Account is 1.90 years (Retail) and 1.04 years (Wholesale)
     a. IRRBB calculation considers the whole Banking Book position by excluding equity and grouping it according                    √√   Average Repricing Maturity for IDR Savings Account is 2.36 years (Retail) and 0,94 years (Wholesale)
         to currency positions material to the Bank                                                                                  √√   Average Repricing Maturity for USD Savings Account is 2.36 years (Retail) and 0.78 years (Wholesale)
     b. ΔEVE does not consider a commercial margin in the cash flow and discount on the cash flow.
                                                                                                                                 2   The longest Repricing maturity applied to NMD.
     Explanation about shock scenario for interest rates and stress scenario used by the Bank to estimate changes in
4                                                                                                                                    The longest repricing maturity for NMD is 6 years.
     economic value and earnings.


     IRRBB exposures calculation is based on 6 (six) shock scenarios for interest rates :

                                                                                               Estimation of Changes
          Scenario                                 Explanation                                Economic
                                                                                                                 Earnings
                                                                                                value
     Parallel Up           Interest rate shock that is parallel up                                 √                 √

     Parallel Down         Interest rate shock that is parallel down                               √                 √

                           Steep interest rate shock in which short-term interest rates
     Steepener                                                                                     √
                           go down and longterm interest rates go up

                           Flat interest rate shock in which short-term interest rates go
     Flattener                                                                                     √
                           up and long-term

     Short Up              Interest rate shock in which short-term interest rates go up            √

                           Interest rate shock in which short-term interest rates go
     Short Down                                                                                    √
                           down




PT BANK MANDIRI (PERSERO) TBK                                 1122                                                                                                                        1123                                            ANNUAL REPORT 2024
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TABLE 7.3B                                                                                                                   TABLE 7.4 DISCLOSURE OF RISK MANAGEMENT
DISCLOSURE OF INTEREST RATE RISK IN BANKING BOOK                                                                               IMPLEMENTATION REPORT FOR IRRBB - BANK
(IRRBB) EXPOSURES - BANK CONSOLIDATED WITH                                                                                                               CONSOLIDATED
SUBSIDIARIES


Bank Name              : PT Bank Mandiri (Persero), Tbk. (Consolidated)                                   Bank Name             : PT Bank Mandiri (Persero), Tbk. (Consolidated)
Position		             : December 2024                                                                    Position		            : December 2024
Currency		             : Rupiah and Foreign Exchange                                                      Currency		            : Rupiah and Foreign Exchange

                                                                                                                                                            Qualitative Analysis
                In IDR million                        ΔEVE                           ΔNII
                                                                                                          1   Explanation about how the Bank defines IRRBB for risk measurement and control
                   Period                   Dec-24           Dec-23         Dec-24          Dec-23
                                                                                                              The Interest Rate Risk in The Banking Book is a risk due to movements of interest rates in the market that run counter
Parallel up                                  (2,195,951)      (9,441,540)     2,241,388      (217,679)        to the position of the Banking Book, which potentially impacts the capital and rentability (earnings) of the Bank in
                                                                                                              the current period or the future.
Parallel down                                 2,873,801       14,395,450    (4,977,851)     (3,335,916)
                                                                                                              The Bank uses 2 (two) methods in calculating the IRRBB, namely calculation based on changes in the economic
Steepener                                    (4,026,409)      (8,288,576)                                     value of equity, or ΔEVE, and calculation based on changes in net interest income, or ΔNII. The simulation of ΔEVE
                                                                                                              and ΔNII is performed according to interest rate shock in OJK Circular No. 12/SEOJK.03/2018 dated 21 August 2018.
Flattener                                     3,701,361       (6,725,141)
                                                                                                              The Bank controls and mitigates interest rate risk using a recomposition of assets and liabilities or a hedging strategy.
Short rate up                                 2,144,005          340,892                                  2   Explanation about IRRBB strategic management and mitigation
Short rate down                              (3,812,637)      (1,635,207)                                     The Bank adopts IRRBB control strategies that are in line with the Bank’s overall business strategies by considering
                                                                                                              the risk appetite and risk tolerance approved by the Board of Directors.
Negative Maximum Value (absolute)             4,026,209        9,441,540      4,977,851      3,335,916
                                                                                                              Meanwhile, in response to changes in the economic value of equity (ΔEVE), the IRRBB mitigation strategies are
Maximum Value divided by Tier 1 Capital
                                            286,910,930      258,956,049    106,053,000     95,178,000        formulated based on the duration of the positions (average repricing maturity) of assets and liabilities. As of December
(for ΔEVE) or Projected Income (for ΔNII)
                                                                                                              31, 2024, Bank Mandiri’s individual ΔEVE was 1.40%, far below the level set by the Regulator of 15%.
Maximum Value divided by Tier 1 Capital                                                                       3 Periodic calculation of the Bank’s IRRBB and the explanation about specific actions taken by the Bank to measure
                                                  1.40%            3.65%         4.69%           3.50%    3
(for ΔEVE) or Projected Income (for ΔNII)                                                                     sensitivity to IRRBB.

                                                                                                              To ensure IRRBB is monitored properly, the Bank calculates IRRBB every end-of-month of the reporting period and
                                                                                                              reports and publishes the result for every quarter position per the prevailing provisions. The measurement of sensitivity
                                                                                                              to IRRBB is in accordance with OJK Circular No. 12/SEOJK.03/2018 dated August 21, 2018:
                                                                                                              a. IRRBB calculation considers the whole Banking Book position by excluding equity and grouping it according
                                                                                                                  to currency positions material to the Bank

                                                                                                              b. ΔEVE does not consider a commercial margin in the cash flow and discount on the cash flow.




PT BANK MANDIRI (PERSERO) TBK                        1124                                                                                                           1125                                           ANNUAL REPORT 2024
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TABLE 7.4                                                                                                                                                                                                           TABLE 7.4
DISCLOSURE OF RISK MANAGEMENT IMPLEMENTATION REPORT FOR IRRBB                                                                                              DISCLOSURE OF RISK MANAGEMENT IMPLEMENTATION REPORT FOR IRRBB
(INTEREST RATE RISK IN THE BANKING BOOK)                                                                                                                                           (INTEREST RATE RISK IN THE BANKING BOOK)




                                                   Qualitative Analysis                                                                                                          Quantitative Analysis
     Explanation about shock scenario for interest rates and stress scenario used by the Bank to estimate changes in             1   Average repricing maturity applied to NMD.
4
     economic value and earnings.
                                                                                                                                     √√   Average Repricing Maturity for IDR Checking Account is 2.01 years (Retail) and 1.08 years (Wholesale).
                                                                                                                                     √√   Average Repricing Maturity for USD Checking Account is 1.90 years (Retail) and 1.04 years (Wholesale).
     IRRBB exposures calculation is based on 6 (six) shock scenarios for interest rates:                                             √√   Average Repricing Maturity for IDR Savings Account is 2.36 years (Retail) and 0.94 years (Wholesale).
                                                                                               Estimation of Changes                 √√   Average Repricing Maturity for USD Savings Account is 2.36 years (Retail) and 0.78 years (Wholesale).

          Scenario                                  Explanation                                                                  2   The longest Repricing maturity applied to NMD.
                                                                                              Economic
                                                                                                                Earnings
                                                                                                value                                The longest repricing maturity for NMD is 6 years.

     Parallel Up            Interest rate shock that is parallel up                                √                 √

     Parallel Down          Interest rate shock that is parallel down                              √                 √

                            Steep interest rate shock in which short-term interest rates
     Steepener                                                                                     √
                            go down and longterm interest rates go up

                            Flat interest rate shock in which short-term interest rates go
     Flattener                                                                                     √
                            up and long-term interest rates go down

     Short Up               Interest rate shock in which short-term interest rates go up           √

                            Interest rate shock in which short-term interest rates go
     Short Down                                                                                    √
                            down



5    Modelling assumption used significantly in the Internal Measurement System (IMS) – if any.

     The Bank has no modelling assumption that is used significantly in the Internal Measurement System (IMS) because
     the Bank’s assumption is different from the modelling assumption used in the IRRBB calculation with a standardised
     method

6    Explanation about how the Bank hedges the IRRBB (if any), along with the relevant accounting treatment.

     The Bank makes hedging transactions on the interest rate risk position by considering risk appetite, business strategies,
     and projected future movements of market factors. The Bank does not apply the hedge accounting method in
     the hedging transaction accounting. The profit/loss arising from the hedging transaction is recorded in the Bank’s
     profit/loss statement.

     Comprehensive explanation about the primary assumptions of modelling and the parameters used to calculate
7
     ΔEVE and ΔNII.

     Comprehensive explanation about the primary assumptions of modelling and the parameters used to calculate
     ΔEVE and ΔNII :
     a. ΔEVE calculation does not consider a commercial margin in the cash flow and discount on cash flow while
        ΔNII calculation considers a commercial margin in the cash flow.

     b. The material impact of instruments having behavioral options, such as consumer credit, retail deposit, and
        NMD on ΔEVE and ΔNII has been factored in using the early prepayment model (for consumer credit),
        early redemption method (for termed deposit), and behavior analysis method for NMD. These models will
        affect the repricing time of the instruments inside the repricing gap.




PT BANK MANDIRI (PERSERO) TBK                                 1126                                                                                                                        1127                                     ANNUAL REPORT 2024
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TABLE OF DISCLOSURE OF LIQUIDITY                                                                                                                          Table of Disclosure of Liquidity Coverage Ratio

COVERAGE RATIO


Bank Name : PT. Bank Mandiri (Persero), Tbk
Report Position : Triwulan IV 2024




                                                                                                                                                                                                           (in IDR million)

                                                                INDIVIDUAL                                                                                 CONSOLIDATED

                                    Reporting Date Position               Previous Reporting Date Positio                   Reporting Date Position                          Previous Reporting Date Position

                              The outstanding        HQLA value                                HQLA value
                                   value of          after haircut                          after haircut or        The outstanding
                                                                                                                                              HQLA value after                                     HQLA value after
                              obligations and      or outstanding                              outstanding        value of obligations
                                                                        The outstanding                                                     haircut or outstanding                               haircut or outstanding
                               commitments/         liabilities and                           liabilities and     and commitments/                                       The outstanding
 No       Component                                                         value of                                                             liabilities and                                      liabilities and
                                 contractual       commitments                               commitments          contractual invoice                                  value of obligations
                                                                        obligations and                                                    commitments multiplied                               commitments multiplied
                             invoice value The       multiplied by                             multiplied by     value The outstanding                                 and commitments/
                                                                         commitments/                                                        by the run-off rate or                               by the runoff rate or
                             outstanding value    the run-off rate                           the runoff rate      value of obligations                                 contractual invoice
                                                                          contractual                                                        Contractual invoice                                  Contractual invoice
                             of obligations and    or Contractual                            or Contractual       and commitments/                                            value
                                                                         invoice value                                                      value times the inflow                               value times the inflow
                               commitments/         invoice value                             invoice value       contractual invoice
                                                                                                                                                       rate                                                 rate
                                 contractual      times the inflow                          times the inflow             value
                                invoice value             rate                                      rate
       The number of
       data points used in
1                                                             63 days                                 65 days                                              63 days                                                65 days
       the calculation of
       the LCR

HIGH QUALITY LIQUID ASSET (HQLA)

       Total High Quality
2      Liquid Asset                                      290,756,674                               283,768,397                                          393,527,542                                          384,199,307
       (HQLA)

CASH OUTFLOWS

       Deposits from
       individual
       customers and
       funding originating
3                                   497,964,534           34,965,967          490,080,252           35,034,928               665,254,229                 49,645,233               654,932,486                  49,527,774
       from
       Micro and Small
       Business customers
       consisted of:

       a. Deposits/
                                    296,609,737           14,830,487          279,461,946           13,973,097               337,603,790                 16,880,189               319,309,499                  15,965,475
          Stable Funding

       b. Deposits/Less
                                    201,354,797           20,135,480          210,618,305           21,061,831               327,650,439                 32,765,044               335,622,987                  33,562,299
          Stable Funding

       Funding originating
       from corporate
4                                   702,370,583          218,345,551          667,303,633          208,822,246               862,953,294                276,546,781               820,711,672                264,870,408
       customers
       consisted of :




PT BANK MANDIRI (PERSERO) TBK                          1128                                                                                                     1129                                   ANNUAL REPORT 2024
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Table of Disclosure of Liquidity Coverage Ratio                                                                                                               Table of Disclosure of Liquidity Coverage Ratio




                                                                                                                                                                                                               (in IDR million)

                                                              INDIVIDUAL                                                                                       CONSOLIDATED

                                   Reporting Date Position                 Previous Reporting Date Positio                      Reporting Date Position                          Previous Reporting Date Position

                             The outstanding        HQLA value                                  HQLA value
                                  value of          after haircut                            after haircut or           The outstanding
                                                                                                                                                  HQLA value after                                     HQLA value after
                             obligations and      or outstanding                                outstanding           value of obligations
                                                                         The outstanding                                                        haircut or outstanding                               haircut or outstanding
                              commitments/         liabilities and                             liabilities and        and commitments/                                       The outstanding
 No       Component                                                          value of                                                                liabilities and                                      liabilities and
                                contractual       commitments                                 commitments             contractual invoice                                  value of obligations
                                                                         obligations and                                                       commitments multiplied                               commitments multiplied
                            invoice value The       multiplied by                               multiplied by        value The outstanding                                 and commitments/
                                                                          commitments/                                                           by the run-off rate or                               by the runoff rate or
                            outstanding value    the run-off rate                             the runoff rate         value of obligations                                 contractual invoice
                                                                           contractual                                                           Contractual invoice                                  Contractual invoice
                            of obligations and    or Contractual                              or Contractual          and commitments/                                            value
                                                                          invoice value                                                         value times the inflow                               value times the inflow
                              commitments/         invoice value                               invoice value          contractual invoice
                                                                                                                                                           rate                                                 rate
                                contractual      times the inflow                            times the inflow                value
                               invoice value             rate                                        rate
       a. Operational
                                   531,670,870          125,904,567            504,403,507          119,369,172                  614,535,642                145,860,279               578,932,906                137,266,875
          savings

       b. Non-
          Operational
          deposits
          and/or other
                                   170,699,713           92,440,984            162,900,126           89,453,074                  247,282,743                129,551,593               240,641,217                126,465,984
          liabilities
          of a non-
          Operational
          nature

       c. Securities in
          the form of
          debt securities
          issued                             -                       -                   -                       -                 1,134,909                  1,134,909                 1,137,549                   1,137,549
          by banks
          (unsecured
          debt)

       Funding secured
5.     by collateral                                                 -                                           -                                              628,142                                               652,955
       (secured funding)

       Other cash
       outflows
6.     (additional                 421,780,096          161,090,124            402,550,309          152,426,371                  434,370,680                170,780,163               415,917,823                162,465,241
       requirement),
       consisted of:

       a. cash outflows
          from derivative          149,598,397          149,598,397            141,251,937          141,251,937                  149,598,397                149,598,397               141,262,063                141,262,063
          transactions




PT BANK MANDIRI (PERSERO) TBK                         1130                                                                                                          1131                                   ANNUAL REPORT 2024
Page 288
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Table of Disclosure of Liquidity Coverage Ratio                                                                                                                 Table of Disclosure of Liquidity Coverage Ratio




                                                                                                                                                                                                                   (in IDR million)

                                                               INDIVIDUAL                                                                                        CONSOLIDATED

                                     Reporting Date Position                 Previous Reporting Date Positio                      Reporting Date Position                          Previous Reporting Date Position

                               The outstanding        HQLA value                                  HQLA value
                                    value of          after haircut                            after haircut or           The outstanding
                                                                                                                                                    HQLA value after                                       HQLA value after
                               obligations and      or outstanding                                outstanding           value of obligations
                                                                           The outstanding                                                        haircut or outstanding                                 haircut or outstanding
                                commitments/         liabilities and                             liabilities and        and commitments/                                       The outstanding
 No       Component                                                            value of                                                                liabilities and                                        liabilities and
                                  contractual       commitments                                 commitments             contractual invoice                                  value of obligations
                                                                           obligations and                                                       commitments multiplied                                 commitments multiplied
                              invoice value The       multiplied by                               multiplied by        value The outstanding                                 and commitments/
                                                                            commitments/                                                           by the run-off rate or                                 by the runoff rate or
                              outstanding value    the run-off rate                             the runoff rate         value of obligations                                 contractual invoice
                                                                             contractual                                                           Contractual invoice                                    Contractual invoice
                              of obligations and    or Contractual                              or Contractual          and commitments/                                            value
                                                                            invoice value                                                         value times the inflow                                 value times the inflow
                                commitments/         invoice value                               invoice value          contractual invoice
                                                                                                                                                             rate                                                   rate
                                  contractual      times the inflow                            times the inflow                value
                                 invoice value             rate                                        rate
       b. cash outflows
          for increased
                                               -                       -                   -                       -                         -                          -                           -                             -
          liquidity
          requirements

       c. ash outflows
          on loss of                           -                       -                   -                       -                         -                          -                           -                             -
          funding

       d. Cash outflows
          on withdrawal
          of committed
                                      25,391,309            4,518,273             25,833,808            4,441,831                   26,201,541                  4,599,207                26,793,742                     4,541,076
          credit facilities
          and liquidity
          facilities

       e. cash outflows
          for other
          contractual
          obligations                          -                       -                   -                       -                         -                    163,572                           -                        8,333
          related to
          distribution of
          funds

       f. cash outflows
          for other
          contingent                 246,790,389            6,973,454            235,464,564            6,732,603                  249,197,420                  7,045,665               238,016,880                     6,808,631
          financing
          obligations

       g. other
          contractual                          -                       -                   -                       -                 9,373,322                  9,373,322                 9,845,138                     9,845,138
          cash outflows




PT BANK MANDIRI (PERSERO) TBK                           1132                                                                                                          1133                                     ANNUAL REPORT 2024
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Table of Disclosure of Liquidity Coverage Ratio                                                                                                                                                             Table of Disclosure of Liquidity Coverage Ratio




                                                                                                                                                                                                                                                             (in IDR million)

                                                                                          INDIVIDUAL                                                                                                         CONSOLIDATED

                                                 Reporting Date Position                                  Previous Reporting Date Positio                                     Reporting Date Position                          Previous Reporting Date Position

                                       The outstanding                    HQLA value                                                     HQLA value
                                            value of                      after haircut                                               after haircut or                The outstanding
                                                                                                                                                                                                HQLA value after                                     HQLA value after
                                       obligations and                  or outstanding                                                   outstanding                value of obligations
                                                                                                      The outstanding                                                                         haircut or outstanding                               haircut or outstanding
                                        commitments/                     liabilities and                                                liabilities and             and commitments/                                       The outstanding
 No         Component                                                                                     value of                                                                                 liabilities and                                      liabilities and
                                          contractual                   commitments                                                    commitments                  contractual invoice                                  value of obligations
                                                                                                      obligations and                                                                        commitments multiplied                               commitments multiplied
                                      invoice value The                   multiplied by                                                  multiplied by             value The outstanding                                 and commitments/
                                                                                                       commitments/                                                                            by the run-off rate or                               by the runoff rate or
                                      outstanding value                the run-off rate                                                the runoff rate              value of obligations                                 contractual invoice
                                                                                                        contractual                                                                            Contractual invoice                                  Contractual invoice
                                      of obligations and                or Contractual                                                 or Contractual               and commitments/                                            value
                                                                                                       invoice value                                                                          value times the inflow                               value times the inflow
                                        commitments/                     invoice value                                                  invoice value               contractual invoice
                                                                                                                                                                                                         rate                                                 rate
                                          contractual                  times the inflow                                               times the inflow                     value
                                         invoice value                         rate                                                           rate

7.      CASH OUTFLOWS                                                            414,401,641                                                    396,283,545                                               497,600,320                                          477,516,378

CASH INFLOWS

        Secured lending
8.                                                   3,448,899                                  -                   1,220,805                                  -                 4,014,168                    284,010                 1,632,772                     208,991
        collateral

        Claims
        originating from
        counterparties
        were current
        (inflows from
        fully performing
9.                                                  81,346,984                     55,788,384                     80,449,535                      60,228,539                    99,479,764                 67,723,001                96,884,161                  70,291,989
        exposures) from
        counterparties
        were current
        (inflows from
        fully performing
        exposures)

10.     Other cash inflows                        149,752,625                    149,752,625                     141,395,449                    141,395,449                    149,825,601                149,789,113               141,472,870                141,439,924

        TOTAL CASH
11.                                               234,548,508                    205,541,009                     223,065,790                    201,623,989                    253,319,534                217,796,124               239,989,802                211,940,904
        INFLOWS

                                                                TOTAL ADJUSTED VALUE1                                          TOTAL ADJUSTED VALUE1                                           TOTAL ADJUSTED VALUE1                                TOTAL ADJUSTED VALUE1

12.     TOTAL HQLA                                                               290,756,674                                                    283,768,397                                               393,527,542                                          384,199,307

        TOTAL NET CASH
13.                                                                              208,860,632                                                    194,659,556                                               279,804,196                                          265,575,474
        OUTFLOWS

14.     LCR (%)                                                                       139.21%                                                        145.78%                                                 140.64%                                               144.67%

Remarks :
1) Adjusted value is calculated by the imposition of haircut, run-off rate, and inflow rate as well as the maximum limit of HQLA components, such as the maximum
limit of HQLA Level 2B and HQLA Level 2 and the maximum limit of cash inflows that can be calculated in the LCR.

The above Liquidity Coverage Ratio calculation is made based on POJK No. 42/POJK.03/2015 concerning Obligations to Fulfill the Liquidity Coverage Ratio for
Commercial Banks which is refined by OJK Regulation No. 19 of 2024 concerning Amendments to POJK No. 42 / POJK.03 /2015 concerning the Obligation to
Fulfill the Liquidity Coverage Ratio for Commercial Banks and POJK No. 32/POJK.03/2016 concerning Amendments to Financial Services Authority Regulation
No. 6/POJK.03/2015 concerning Transparency and Publication of Bank Reports and presented in accordance with OJK SE No. 09/SEOJK.03/2020 concerning
Transparency and Publication of Conventional Commercial Bank Reports.




PT BANK MANDIRI (PERSERO) TBK                                                 1134                                                                                                                                1135                                   ANNUAL REPORT 2024
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        CORPORATE GOVERNANCE




NET STABLE FUNDING RATIO (NSFR)
REPORT - INDIVIDUAL                                                                                                                                      NET STABLE FUNDING RATIO (NSFR) REPORT - INDIVIDUAL




Bank Name : PT. Bank Mandiri (Persero), Tbk (Individual)
Month Report : December 2024


                                             Previous Reporting Date Position (September/2024)                                      Previous Reporting Date Position (December/2024)

                                         Carrying Value Based on Remaining Period                                            Carrying Value Based on Remaining Period                                      No. Ref. from
        ASF Component                                  (In Million IDR)                                                                    (In Million IDR)                                               working paper
                                                                                                   Weighted                                                                             Weighted
                                     Without a                                                                                                                                                                 NSFR
                                                                    ≥ 6 months                    Total Value       Without a                          ≥ 6 months                      Total Value
                                     period of       < 6 months                    ≥ 1 Year                                           < 6 months                        ≥ 1 Year
                                                                    - < 1 Year                                    period of time                       - < 1 Year
                                       time

1     Capital :                      244,551,696                -              -    13,481,148     258,032,844        255,135,875                  -                -     14,152,400     269,288,275

      Capital according
      to Minimum Capital                                                                                                                                                                                                 1.1
2                                    244,551,696                -              -    13,481,148     258,032,844        255,135,875                  -                -     14,152,400     269,288,275
      Adequacy Requirement                                                                                                                                                                                               1.2
      FSA Regulation

3     Other capital instruments                  -              -              -              -               -                 -                  -                -              -                 -                   1,3

      Deposits originating from
      individual customers and                                                                                                                                                                                             2
4                                    439,068,613      117,152,942      2,329,765      367,462      517,686,190        453,116,477        119,608,463       1,633,386        365,255      532,876,885
      funding from micro and                                                                                                                                                                                               3
      small business customers:

      Stable deposits and                                                                                                                                                                                                2.1
5                                    288,214,457        4,146,577        89,752          6,338     277,834,586        307,714,563          4,002,585         65,597          10,615      296,204,224
      funding                                                                                                                                                                                                            3.1

      Less stable Deposits and                                                                                                                                                                                           2.2
6                                    150,854,156      113,006,365      2,240,013      361,124      239,851,604        145,401,914        115,605,877       1,567,789        354,639      236,672,661
      funding                                                                                                                                                                                                            3.2

      Funding originating from
7                                    604,656,967      241,963,331     35,354,719    67,345,920     427,973,702        622,774,494        258,085,137      18,608,556      93,993,124     451,991,775                       4
      corporate customers:

8     Operational savings            535,265,060                -              -              -    267,632,530        571,776,911                  -                -              -     285,888,456                     4,1

      Other funding comes from
9                                     69,391,908      241,963,331     35,354,719    67,345,920     160,341,173         50,997,583        258,085,137      18,608,556      93,993,124     166,103,319                     4,2
      corporate customers

      Liabilities that have
10                                               -     10,502,361        28,100       252,903                 -                 -          8,881,793         30,962         248,967                  -                     5
      interdependent asset pairs

11    Liabilities and other equity    37,180,979                -              -              -            605         34,246,177                  -                -              -           1,062                       6

12    NSFR derivative liability                                 -              -              -                                                                                                                          6,1

      Equity and other liabilities
      that were not included
13    in the above categories         37,180,979                -              -              -            605         34,246,177                  -                -              -           1,062            6.2 until 6.5
      Minimum Capital
      Adequacy Requirement

14    Total ASF                                                                                   1,203,693,341                                                                         1,254,597,068                      7

      Total HQLA in the
15    framework of calculating                                                                      43,227,123                                                                            43,627,574                       1
      the NSFR




PT BANK MANDIRI (PERSERO) TBK                           1136                                                                                                     1137                                    ANNUAL REPORT 2024
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NET STABLE FUNDING RATIO (NSFR) REPORT - INDIVIDUAL                                                                                                        NET STABLE FUNDING RATIO (NSFR) REPORT - INDIVIDUAL




                                               Previous Reporting Date Position (September/2024)                                      Previous Reporting Date Position (December/2024)

                                           Carrying Value Based on Remaining Period                                            Carrying Value Based on Remaining Period                                    No. Ref. from
        ASF Component                                    (In Million IDR)                                                                    (In Million IDR)                                             working paper
                                                                                                      Weighted                                                                            Weighted
                                       Without a                                                                                                                                                               NSFR
                                                                       ≥ 6 months                    Total Value      Without a                          ≥ 6 months                      Total Value
                                       period of       < 6 months                     ≥ 1 Year                                          < 6 months                        ≥ 1 Year
                                                                       - < 1 Year                                   period of time                       - < 1 Year
                                         time
      Deposits with other
16    financial institutions for        44,781,749                 -              -              -     22,390,874        45,307,695                  -                -              -      22,653,848                   2
      Operational purposes

      Loans classified as
      Current and Special
17                                                 -    197,101,705     148,482,557   904,880,582     928,550,737                 -        230,198,556     165,824,261     946,424,838     985,167,508                   3
      Mention (performing) and
      marketable securities

      To financial institutions
18    guaranteed by HQLA                           -      2,182,544               -              -        218,254                 -          7,166,266                -              -         716,627               3.1.1
      Level 1

      To financial institutions that
      are not guaranteed with
                                                                                                                                                                                                                     3.1.2
19    Level 1 HQLA and loans to                    -     23,581,770       9,821,911    84,694,098      93,142,319                 -         28,417,406      11,953,487      95,217,398     105,456,753
                                                                                                                                                                                                                     3.1.3
      financial institutions without
      collateral

      To non-financial
      corporations, retail
      customers and micro and
      small business customers,
                                                                                                                                                                                                                    3.1.4.2
      the central government,
20                                                 -    133,934,044      99,507,853   665,062,614     682,024,171                 -        160,029,284     110,511,044     685,381,230     717,844,210                3.1.5
      governments of other
                                                                                                                                                                                                                      3.1.6
      countries, Bank Indonesia,
      central banks of other
      countries and public sector
      entities, which include:

      Meet the qualifications to
      receive a risk weight of 35%
21    or less, according to the                    -     36,754,618      35,535,556    84,769,811      91,245,464                 -         29,798,316      43,154,123      93,787,947      97,438,385              3.1.4.1
      FSA Circular Letter RWA for
      Credit Risk

      Residential mortgage-
      backed loans that are not
22                                                 -        34,716         168,560     53,445,922      45,530,672                 -            51,558         165,211       55,129,667      46,968,601              3.1.7.2
      being guaranteed, which
      include:

      Meet the qualifications to
      get a risk weight of 35%
23    or less, according to the                    -             270           958        67,021           44,177                 -               810            3,569         87,173           58,852              3.1.7.1
      FSA Circular Letter RWA for
      Credit Risk




PT BANK MANDIRI (PERSERO) TBK                             1138                                                                                                     1139                                  ANNUAL REPORT 2024
Page 292
        CORPORATE GOVERNANCE




NET STABLE FUNDING RATIO (NSFR) REPORT - INDIVIDUAL                                                                                                     NET STABLE FUNDING RATIO (NSFR) REPORT - INDIVIDUAL




                                            Previous Reporting Date Position (September/2024)                                      Previous Reporting Date Position (December/2024)

                                         Carrying Value Based on Remaining Period                                           Carrying Value Based on Remaining Period                                      No. Ref. from
        ASF Component                                  (In Million IDR)                                                                   (In Million IDR)                                               working paper
                                                                                                   Weighted                                                                            Weighted
                                     Without a                                                                                                                                                                NSFR
                                                                    ≥ 6 months                    Total Value       Without a                         ≥ 6 months                      Total Value
                                     period of       < 6 months                    ≥ 1 Year                                          < 6 months                        ≥ 1 Year
                                                                    - < 1 Year                                    period of time                      - < 1 Year
                                       time
      Securities categorized as
      Current and Substandard
      (performing) that are
      not being pledged as
24    collateral, have not                       -       613,744       3,447,720    16,841,115      16,345,679                 -          4,734,916         36,827       16,821,423      16,684,081                     3.2
      defaulted on, and are
      not included as HQLA,
      including shares traded on
      the exchange

      Assets that have liabilities
25    that are dependent on                      -     10,502,361        28,100       252,903                 -                -          8,881,793         30,962         248,967                  -                     4
      each other

26    Other assets:                              -      5,960,680       228,420    115,221,391     121,410,492                 -          8,078,927        993,282       96,937,244     106,009,453                       5

      Physical commodities that
27                                               -                                                            -                -                                                                    -                   5.1
      are traded, including gold

      Cash, securities and other
      assets recorded as initial
      margin for derivative
28    contracts and cash or                                     -              -              -               -                                   -                -              -                 -                   5.2
      other assets submitted as
      default funds to the central
      counterparty (CCP)

29    NSFR derivative assets                                    -              -     5,557,761        5,557,761                                   -                -      7,592,056        7,592,056                    5.3

      NSFR of derivative payable
30    before deduction with                                     -              -              -               -                                   -                -              -                 -                   5.4
      variation margin

      All other assets that are
31    not included in the above                  -       402,919        228,420    115,221,391     115,852,730                 -           486,871         993,282       96,937,244      98,417,397           5.5 until 5.12
      categories

32    Administrative Account                                    -              -   405,635,112        7,380,439                                   -                -    438,198,813        8,103,526                     12


33    Total RSF                                                                                   1,122,959,665                                                                        1,165,561,909                     13

      Net Stable Funding Ratio
34                                                                                                     107.19%                                                                              107.60%                      14
      (%)




PT BANK MANDIRI (PERSERO) TBK                           1140                                                                                                   1141                                     ANNUAL REPORT 2024
Page 293
        CORPORATE GOVERNANCE




NSFR QUALITATIVE ANALYSIS REPORT – INDIVIDUAL                                                             NSFR QUALITATIVE ANALYSIS REPORT – CONSOLIDATED




Bank Name : PT. Bank Mandiri (Persero), Tbk (Individual)                                                  Bank Name : PT. Bank Mandiri (Persero), Tbk (Consolidated)
Month Report : December 2024                                                                              Month Report : December 2024

                                               Analysis                                                                                                   Analysis

1. Bank Mandiri’s Consolidated Net Stable Funding Ratio (NSFR) as of December 31, 2024 was 107.60%,       1. Bank Mandiri’s Consolidated Net Stable Funding Ratio (NSFR) as of December 31, 2024 was 109.18%
   up 0.41% from the previous report position on September 30, 2024 which was 107.19%. Some of the           up 0.45% from the previous report position on September 30, 2024 which was 108.73%. Some of the
   factors for this increase were as followed:                                                               factors for this increase were as followed:
   a. The increase in ASF mainly came from (i) deposits from individual customers, micro and small           a. The increase in ASF mainly came from (i) deposits from individual customers, micro and small
      businesses increased by IDR 24.02 trillion; (ii) Deposits from corporate customers increased by           businesses increased by IDR 29.30 trillion; (ii) Deposits from corporate customers increased by
      IDR 15.19 trillion; (iii) Capital (Tier 1 and 2) increased by IDR 11.26 trillions                         IDR 24.17 trillion; (iii) Capital (Tier 1 and 2) increased by IDR 13.67 trillions
   b. The increase in RSF mainly came from (i) Loans to individuals, micro and small businesses and          b. The increase in RSF mainly came from (i) Loans to individuals, micro and small businesses and
      non-financial companies, increased by IDR 43.47 trillion; (ii) Credit/placements with financial           non-financial companies, increased by IDR 53.02 trillion; (ii) Credit/placements with financial
      institutions increased by IDR13.08 trillion.                                                              institutions increased by IDR13.16 trillion; and (iii) Non-HQLA securities increased by Rp 1.26 T.
2. The composition of ASF is dominated by deposits from individual customers, micro and small             2. The composition of ASF is dominated by deposits from individual customers, micro and small
   businesses of 42.49% and deposits from corporate customers of 36.04%.                                     businesses of 43.37% and deposits from corporate customers of 35.83%.
3. The composition of RSF is dominated by credit 73.98%.                                                  3. The composition of RSF is dominated by credit 77.29%.
4. There was an exposure to interdependent assets and liabilities amounting to IDR 9.16 trillion in the   4. There was an exposure to interdependent assets and liabilities amounting to IDR 9.16 trillion in the
   form of acceptances and liabilities.                                                                      form of acceptances and liabilities




PT BANK MANDIRI (PERSERO) TBK                     1142                                                                                                    1143                                   ANNUAL REPORT 2024
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        CORPORATE GOVERNANCE




NET STABLE FUNDING RATIO (NSFR)
REPORT - CONSOLIDATED                                                                                                                                   NET STABLE FUNDING RATIO (NSFR) REPORT - CONSOLIDATED




Bank Name : PT. Bank Mandiri (Persero), Tbk (Consolidated)
Month Report : December 2024



                                              Previous Reporting Date Position (September/2024)                                      Previous Reporting Date Position (December/2024)

                                          Carrying Value Based on Remaining Period                                            Carrying Value Based on Remaining Period                                       No. Ref. from
        ASF Component                                   (In Million IDR)                                                                    (In Million IDR)                                                working paper
                                                                                                    Weighted                                                                              Weighted
                                      Without a                                                                                                                                                                  NSFR
                                                                     ≥ 6 months                    Total Value       Without a                           ≥ 6 months                      Total Value
                                      period of       < 6 months                    ≥ 1 Year                                           < 6 months                         ≥ 1 Year
                                                                     - < 1 Year                                    period of time¹                       - < 1 Year
                                        time

1      Capital :                      294,000,611                -              -    16,340,497     310,341,108        306,970,318                  -                 -     17,041,230      324,011,548

       Capital according
       to Minimum Capital                                                                                                                                                                                                 1.1
2                                     294,000,611                -              -    16,340,497     310,341,108        306,970,318                  -                 -     17,041,230      324,011,548
       Adequacy Requirement                                                                                                                                                                                               1.2
       FSA Regulation

3      Other capital instruments                  -              -              -              -               -                 -                  -                 -              -                 -                  1,3

       Deposits originating from
       individual customers and                                                                                                                                                                                             2
4                                     563,473,105      159,317,289      5,762,811      371,408      672,168,603        585,204,979        164,051,101        4,490,550        372,289       696,340,627
       funding from micro and                                                                                                                                                                                               3
       small business customers:

       Stable deposits and                                                                                                                                                                                                2.1
5                                     310,288,307       11,345,625       352,277          8,096     305,894,994        332,221,822         19,344,436         361,175          12,303       334,343,364
       funding                                                                                                                                                                                                            3.1

       Less stable Deposits and                                                                                                                                                                                           2.2
6                                     253,184,798      147,971,664      5,410,535      363,312      366,273,609        252,983,157        144,706,665        4,129,375        359,985       361,997,263
       funding                                                                                                                                                                                                            3.2

       Funding originating from
7                                     679,047,476      357,851,373     49,047,593    96,445,822     546,049,303        700,256,682        386,312,945       32,992,044     124,656,405      575,344,329                     4
       corporate customers:

8      Operational savings            605,400,895                -              -              -    302,700,447        644,211,522                  -                 -              -      322,105,761                   4,1

       Other funding comes from
9                                      73,646,581      357,851,373     49,047,593    96,445,822     243,348,856         56,045,160        386,312,945       32,992,044     124,656,405      253,238,568                   4,2
       corporate customers

       Liabilities that have
10     interdependent asset                       -     10,502,361        28,100       252,903                 -                 -          8,881,793          30,962         248,967                  -                    5
       pairs

       Liabilities and other
11                                     38,320,709       12,778,572      1,700,000    11,396,738      12,247,343         35,348,367         25,869,621                 -      9,893,557        9,894,618                     6
       equity:

12     NSFR derivative liability                                 -              -              -                                                    -                 -              -                                    6,1

       Equity and other liabilities
       that were not included
13     in the above categories         38,320,709       12,778,572      1,700,000    11,396,738      12,247,343         35,348,367         25,869,621                 -      9,893,557        9,894,618          6.2 until 6.5
       Minimum Capital
       Adequacy Requirement

14     Total ASF                                                                                   1,540,806,357                                                                          1,605,591,123                     7




PT BANK MANDIRI (PERSERO) TBK                            1144                                                                                                      1145                                    ANNUAL REPORT 2024
Page 295
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NET STABLE FUNDING RATIO (NSFR) REPORT - CONSOLIDATED                                                                                                      NET STABLE FUNDING RATIO (NSFR) REPORT - CONSOLIDATED




                                               Previous Reporting Date Position (September/2024)                                        Previous Reporting Date Position (December/2024)

                                            Carrying Value Based on Remaining Period                                             Carrying Value Based on Remaining Period                                       No. Ref. from
        ASF Component                                     (In Million IDR)                                                                     (In Million IDR)                                                working paper
                                                                                                       Weighted                                                                               Weighted
                                        Without a                                                                                                                                                                   NSFR
                                                                       ≥ 6 months                     Total Value       Without a                           ≥ 6 months                       Total Value
                                        period of       < 6 months                     ≥ 1 Year                                           < 6 months                         ≥ 1 Year
                                                                       - < 1 Year                                     period of time¹                       - < 1 Year
                                          time
       Total HQLA in the
15     framework of calculating                                                                         47.146.929                                                                              47.830.953                   1
       the NSFR

       Deposits with other
16     financial institutions for        47.054.324        2.212.143              -               -     24.633.233         47.881.290          1.725.198                 -               -       24.803.244                  2
       Operational purposes

       Loans classified as
       Current and Special
17                                                  -    235.900.342    165.800.825   1.206.329.283   1.198.807.472                 -        265.501.068      182.456.497    1.261.179.113    1.266.065.230                  3
       Mention (performing) and
       marketable securities

       to financial institutions
18     guaranteed by HQLA                           -      3.992.442          4.953          5.933         407.654                  -          7.166.266            5.008                -         719.130                3.1.1
       Level 1

       to financial institutions that
       are not guaranteed with
                                                                                                                                                                                                                          3.1.2
19     Level 1 HQLA and loans                       -     26.563.639      9.943.501     86.685.786      95.642.083                  -         32.648.613       12.131.025      97.353.949       108.316.754
                                                                                                                                                                                                                          3.1.3
       to financial institutions
       without collateral

       to non-financial
       corporations, retail
       customers and micro and
       small business customers,
       the central government,                                                                                                                                                                                          3.1.4.2
20     governments of other                         -    160.298.097    110.964.783    892.719.019     892.039.812                  -        183.977.807      122.956.714     921.791.703       936.351.518               3.1.5
       countries, Bank Indonesia,                                                                                                                                                                                         3.1.6
       central banks of other
       countries and public
       sector entities, which
       include:

       meet the qualifications
       to receive a risk weight
21     of 35% or less, according                    -     42.604.543     40.841.679    103.188.984     111.579.712                  -         34.237.840       46.792.698     112.739.007       116.626.095             3.1.4.1
       to the FSA Circular Letter
       RWA for Credit Risk

       Residential mortgage-
       backed loans that are not
22                                                  -        49.082        211.538      58.398.058      49.768.659                  -            67.075          207.433       60.418.511        51.492.989             3.1.7.2
       being guaranteed, which
       include:

       meet the qualifications to
       get a risk weight of 35% or
23     less, according to the FSA                   -        32.711        121.722      46.378.400      30.223.177                  -            37.246          122.937       49.346.750        32.155.479             3.1.7.1
       Circular Letter RWA for
       Credit Risk




PT BANK MANDIRI (PERSERO) TBK                              1146                                                                                                       1147                                    ANNUAL REPORT 2024
Page 296
        CORPORATE GOVERNANCE




NET STABLE FUNDING RATIO (NSFR) REPORT - CONSOLIDATED                                                                                                   NET STABLE FUNDING RATIO (NSFR) REPORT - CONSOLIDATED




                                             Previous Reporting Date Position (September/2024)                                       Previous Reporting Date Position (December/2024)

                                          Carrying Value Based on Remaining Period                                            Carrying Value Based on Remaining Period                                       No. Ref. from
        ASF Component                                   (In Million IDR)                                                                    (In Million IDR)                                                working paper
                                                                                                    Weighted                                                                              Weighted
                                      Without a                                                                                                                                                                  NSFR
                                                                     ≥ 6 months                    Total Value       Without a                           ≥ 6 months                      Total Value
                                      period of       < 6 months                    ≥ 1 Year                                           < 6 months                         ≥ 1 Year
                                                                     - < 1 Year                                    period of time¹                       - < 1 Year
                                        time
       Securities categorized as
       Current and Substandard
       (performing) that are
       not being pledged as
24     collateral, have not                       -      2,359,829      3,712,649    18,953,103      19,146,377                  -          7,366,222         240,683       19,529,192       20,403,265                   3,2
       defaulted on, and are
       not included as HQLA,
       including shares traded
       on the exchange

       Assets that have liabilities
25     that are dependent on                      -     10,502,361        28,100       252,903                 -                 -          8,881,793          30,962         248,967                  -                    4
       each other

26     Other assets:                   12,353,910        6,484,013       338,948    119,910,030     139,079,352         11,279,155          8,800,279        1,122,713     102,536,002      123,731,126                     5


       Physical commodities that
27                                                -                                                            -                 -                                                                     -                  5,1
       are traded, including gold

       Cash, securities and other
       assets recorded as initial
       margin for derivative
       contracts and cash or
28                                                               -              -              -               -                                    -                 -              -                 -                  5,2
       other assets submitted
       as default funds to the
       central counterparty
       (CCP)

29     NSFR derivative assets                                    -              -     5,565,915        5,565,915                                    -                 -      7,637,064        7,637,064                   5,3

       NSFR of derivative
       payable before
30                                                               -              -              -               -                                    -                 -              -                 -                  5,4
       deduction with variation
       margin

       All other assets that are
31     not included in the above       12,353,910         918,098        338,948    119,910,030     133,513,436         11,279,155          1,163,216        1,122,713     102,536,002      116,094,063         5.5 until 5.12
       categories

32     Administrative Account                                    -              -   408,570,194        7,483,586                                    -                 -    440,984,506        8,201,996                    12


33     Total RSF                                                 -              -              -   1,417,150,572                                    -                 -              -    1,470,632,549                    13


       Net Stable Funding Ratio
34                                                                                                      108.73%                                                                                109.18%                     14
       (%)




PT BANK MANDIRI (PERSERO) TBK                            1148                                                                                                      1149                                    ANNUAL REPORT 2024
Page 297
Bank Mandiri remains
committed to becoming
a Sustainability Champion
by executing strategic
initiatives across three
pillars of sustainability
with discipline and
collaboration. The Bank
adopts impact-driven
practices, leverages
sustainability as a
competitive advantage,
aligns with global best
practices, and builds a
resilient business model to
adapt to climate change.
These efforts support
Indonesia’s Net Zero
Emissions (NZE) target by
2060 or sooner.




                                         ESG
                              IMPLEMENTATION
                                      REPORT
Page 298
        ESG IMPLEMENTATION REPORT




ESG PRACTICES                                                                                                     SUSTAINABILITY
IN BANK MANDIRI                                                                                                        STRATEGY

                                                              As part of its long-term efforts, Bank Mandiri     To realize this vision, Bank Mandiri has developed
                                                              has outlined its 2025–2029 sustainability          an ESG Framework comprising three main pillars
Bank Mandiri demonstrates its commitment to ESG               strategy, anchored by the aspiration               and eight strategic initiatives to be implemented
                                                              to “Become Indonesia’s Sustainability              during the 2025–2029 period. This framework is
implementation by executing structured strategic              Champion for a Better Future.” This                designed to integrate sustainability into every
programs based on three key sustainability pillars:           aspiration is embodied in three major
                                                              goals: Leading Indonesia’s Transition to
                                                                                                                 aspect of Bank Mandiri’s operations and business
                                                                                                                 activities, delivering significant impacts for the
Sustainable Banking, Sustainable Operation, and               a Low Carbon Economy, Achieving Net                environment, society, and the national economy.
                                                              Zero Emission (NZE) in Operations by 2030,
Sustainability Beyond Banking. To ensure the success          and Catalyzing Multiple Growth for Social
of these pillars, Bank Mandiri consistently implements        Impact to Achieve SDGs.

eight focused strategic initiatives designed to achieve
sustainability goals.




Bank Mandiri believes that sustainable finance is essential
to fostering a fair, low-carbon economic ecosystem
that supports high-quality, sustainable economic growth
while delivering positive impacts across all segments
of society. To achieve this, Bank Mandiri positions itself
as a partner to the government and a catalyst for
change. Leveraging its extensive network and expertise
in optimizing the wholesale banking value chain, its core
focus, Bank Mandiri has consistently delivered above-
average performance compared to the banking industry
in recent years.




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SUSTAINABILITY STRATEGY                                                                                                                                              SUSTAINABILITY
                                                                                                                                                                  STRATEGY PILLARS
                                                                                                                    Bank Mandiri’s sustainability strategy is founded on three key pillars: Sustainable Banking, Sustainable
                                 BECOMING INDONESIA’S SUSTAINABILITY CHAMPION                                       Operation, and Sustainability Beyond Banking, reflecting a holistic approach to integrating Environmental,

      VISION                                 FOR A BETTER FUTURE                                                    Social, and Governance (ESG) principles into the Bank’s business and operational activities.



                                                                                                                                 SUSTAINABLE                       SUSTAINABLE                         SUSTAINABILITY
                                     SUSTAINABLE                  SUSTAINABLE                 SUSTAINABILITY
                                                                                                                                 BANKING                           OPERATION                           BEYOND BANKING
                                      BANKING                      OPERATION                 BEYOND BANKING
       PILLAR
                                                                                                                      The first pillar emphasizes         In the second pillar, Bank
                                                                                                                                                                                               In the third pillar, Bank
                                                                                                                      Bank Mandiri’s focus on             Mandiri is committed to
                                                                                                                                                                                               Mandiri expands its
                                                                                                                      conducting sustainable              supporting its sustainability
                          Lead Indonesia’s Transition        Net Zero Emission (NZE)
                                                                                         Catalyzing Multiple                                                                                   sustainability commitment
                                                                                         Growth for Social Impact     business by committing to           targets by achieving
                          to Low Carbon Economy              in Operations by 2030                                                                                                             by enhancing activities
                                                                                         to Achieve SDGs              lead Indonesia’s transition         carbon neutrality in its
 COMMITMENT                                                                                                                                                                                    beyond its core banking
                                                                                                                      to a low-carbon economy.            operations by 2030, aligning
                                                                                                                                                                                               operations, particularly in
                                                                                                                      This commitment is                  with the aspiration of Net
                                                                                                                                                                                               the social domain. These
                                                                                                                      reflected in the integration        Zero Emissions (NZE). This
                                                                                                                                                                                               efforts aim to uplift local
                                                                                                                      of ESG principles across            commitment is realized by
                                                                                                                                                                                               economies through various
                                                                                                                      all of the Bank’s business          integrating ESG principles
                                                                                                                                                                                               empowerment programs
                                                                                                                      activities, encompassing risk       throughout all operational
                                                                                                                                                                                               involving communities and
                                                                                                                      management as well as the           activities, including raising
                                                                                                                                                                                               local stakeholders. Through
                                                                                                                      development of sustainable          awareness, implementing
                                                                                                                                                                                               these initiatives, Bank
                                                                                                                      financial products and              environmentally friendly
                                                                                                                                                                                               Mandiri is determined to
                                                                                                                      services. In addition, Bank         practices, applying
                                                                                                                                                                                               drive diverse forms of growth
                                                                                                                      Mandiri consistently serves         technologies that ensure
                                                                                                                                                                                               that deliver meaningful
                                                                                                                      as a collaborative partner          customer data protection,
                                                                                                                                                                                               social impact, thereby
                                                                                                                      for stakeholders in shaping         and managing human
                                                                                                                                                                                               supporting the Sustainable
                                                                                                                      sustainability-related policies     resources with a focus on
                          1. Integrating ESG                4. Leading Practice in        7. Empowering                                                                                        Development Goals (SDGs)
                             Aspect                            Data Privacy & Security       Digipreneurship in
                                                                                                                      and as a strategic partner          enhancing diversity and
                                                                                                                                                                                               in line with its commitment
                              in Business Process           5. Diversity, Equity &           Society                  for customers transitioning         equity in the workplace.
                                                                                                                                                                                               to “Catalyzing Multiple
                             (Sustainable Finance              Inclusion                     (Indonesia Migrant       to more environmentally
                             Framework, Sector              6. Achieving NZE in              Worker, Young                                                                                     Growth for Social Impact to
    ONGOING                                                                                                           friendly business practices.
                             Policy Enhancement)               Operations by 2030            Entrepreneur, KUR,                                                                                Achieve SDGs.
    INITIATIVES           2. Develop Sustainable               a. Green Business             Branchless Banking)
                             Portfolio & Products/                Mindset
                             Services                          b. Digital Carbon
                             (Sustainability/Green                Tracking &
                             Bond, ESG Repo,                      Monitoring
                             Sustainability Linked             c. Carbon Neutral
                             Loan, Green/Social/                  Initiatives through

                                                                                                                    STRENGTHENING ENABLERS
                             Corporate in Transition              Green Operational
                             Financing)                           & Carbon Offsetting
                          3. Influencing Key Policy
                             Maker to Accelerate
                             Indonesian Low                                                                         TO CONSOLIDATE VISION AND
                                                                                                                    SUSTAINABILITY COMMITMENT
                             Carbon Economy




                                                                                                                    Enablers play a crucial role in ensuring the successful implementation of ESG principles across all
                                                                                                                    operational aspects. These enablers include strengthening governance by integrating ESG into policies
                                8.   S
                                      trengthening ESG Governance, Capacity Development & Disclosure               and decision-making processes, enhancing Mandirian capacity to support a sustainable transition, and
     ENABLERS                                                                                                       improving transparency through comprehensive ESG disclosures to stakeholders.




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SUSTAINABILITY JOURNEY                                                                                                                                                               SUSTAINABILITY JOURNEY




                                                                                                          Journey to Becoming Indonesia’s
                                                                                                          Sustainability Champion for a Better Future

                                                              2023                                                                     2024
                                                     •    Commitment to support NDC during Mandiri
                                                          ESG Festival: “Bank Mandiri has committed                         •    Issuance of ESG Guiding Principles and Sustainable Finance Standard Operating
                                                          to achieving NZE (Net Zero Emission) in
                                                                                                                                 Procedures
                                                          Operations by 2030, Financing by 2060 (or
                                                          sooner) and empowering Digipreneurship.”                          •    Pilot Climate Risk Stress Testing (CRST) covering 50% of the portfolio
                                                     •    Simplification of RAKB 2024–2028 into 8                           •    Pilot Reporting for Indonesia’s Sustainable Finance Taxonomy (TKBI) in the Energy
                                                          initiatives
                                                     •    First national bank to launch eco-friendly                             Sector
                                                          bank cards (recycled prepaid and debit                            •    Launch of Green Mortgage and Livin’ Planet
                                                          cards)
                                                     •    Pioneer in cardless credit card products                          •    Establishment of Personal Data Protection (PDP) Unit and Adjustment of Affected
                                                     •    Pioneer in Digital Carbon Tracking                                     Internal Policies
                                                     •    Issuance of Green Bond Phase 1 (Rp5 trillion)
                                                     •    Marketing ESG Mutual Funds
                                                                                                                            •    Issuance of Sustainable Finance Framework and Transition Finance Framework
                                                     •    Member of the Partnership for Carbon                              •    Calculation of Financed Emissions for Second Year Disclosure
                                                          Accounting Financials (PCAF)
                                                                                                                            •    Development of Sustainable Portfolio and Products (Wholesale Financing & Retail
                                                     •    Participation in Indonesia’s inaugural carbon
                                                          exchange                                                               Products)
                                                                                                                            •    MSCI ESG Rating upgraded to BBB




                                               2018                                   2019                           2020                                    2021                       2022
                                           •   First Movers                  Implementation of the          Alignment of Sustainable Finance            1.    Member of             •   Stipulation of Sustainability Vision and
                                               IKBI (Indonesia               RAKB across 3 pillars:         Action Plan (RAKB) and sustainability             the National              Commitment
                                               Sustainable Finance           1. Sustainable Banking         reporting disclosures with SDGs, GRI,             Sustainable           •   Refinement of 3 Pillars into 9 initiatives:
                                               Initiative)                   2. Sustainable                 SASB, and MSCI                                    Finance Task Force        1.     Sustainable Banking
                                           •   Developed RAKB in                Operation                                                               2.    Issuance of a             2.     Sustainable Operation
                                               accordance with               3. Sustainable CSR &                                                             US$300 million            3.     Sustainability Beyond Banking
                                               POJK 51/2017                     Financial Inclusion                                                           Sustainability Bond   •   Formation of ESG Group as the
                                                                                                                                                        3.    Calculation of            supervisory unit for ESG implementation
                                                                             Comprising 14 initiatives                                                        operational carbon    •   Initiation of Mitigation Action Projects
                                                                                                                                                              emissions                 through land conservation and
                                                                                                                                                                                        restoration
                                                                                                                                                                                    •   Credit Policies for palm oil and CPO
                                                                                                                                                                                        sectors, energy, coal, mining, and
                                                                                                                                                                                        FMCG
                                                                                                                                                                                    •   First ESG Repo transaction in Indonesia
                                                                                                                                                                                        amounting to US$500 million




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REALIZATION OF ESG PROGRAM                                                                                            BANK MANDIRI SUSTAINABLE
ACHIEVEMENTS COMPARED TO TARGETS                                                                                            FINANCE INITIATIVES

In 2024, through the implementation of various sustainability programs across the Environmental, Social,   Over the past five years, Bank Mandiri has              Bank Mandiri has also secured ESG-based funding
and Governance (ESG) pillars, Bank Mandiri successfully achieved multiple targets set at the beginning     focused its sustainable finance initiatives on          through the issuance of Sustainability Bonds and
of the year. These accomplishments align with the parameters outlined in ACGS item B.1.5 and include:      increasing financing for green business activities,     other financing products. Since 2019, the Bank has
                                                                                                           capacity      development,     and     enhancing        had a sustainability framework aligned with POJK
                                                                                                           management systems to effectively implement             No. 51/POJK.03/2017 and other international best
ESG ASPECTS ACHIEVEMENT COMPARED TO TARGETS IN 2024                                                        sustainable finance. These improvements include         practices.
                                                                                                           organizational changes, risk management,
                                                                                                           systems    and     procedures,   and      relevant      The establishment of the ESG Group marks a
                                                                                                           documentation. Bank Mandiri is committed to             significant step for Bank Mandiri in implementing
                                ENVIRONMENTAL PILLAR                                                       playing an active role in sustainable finance           sustainable finance, serving as the focal point
                                                                                                           implementation by positioning itself as Becoming        for sustainability initiatives within the Bank. Initially
                                                                                                           Indonesia’s Sustainability Champion for a Better        formed as a task force appointed by the Board
    ESG Aspects                        Indicators                2024 Target    2024 Achievement
                                                                                                           Future and has developed and implemented a              of Directors in 2019, the ESG Group has now
 Sustainable Loan         Total sustainable loan/ financing                                                framework, vision, commitments, and strategies          transformed into a full-time permanent unit under
 Financing                (Rp trillion, Parent only)              274.77                293                for Corporate Sustainability and Environmental,         the Vice President Director. The ESG Group is
                                                                                                           Social, and Governance (ESG) integration.               responsible for overseeing sustainable finance at
                          % Reduction in operational
 Operational
 Carbon Emissions
                          emissions (Scope 1 and 2)                 25%                 33%                For the 2025-2029 period, Bank Mandiri’s
                                                                                                                                                                   Bank Mandiri.
                          compared to the 2019 baseline
                                                                                                           sustainable finance initiatives consist of 8 programs   Detailed achievements in sustainable finance for
                                                                                                           across three main pillars: (1) Sustainable Banking,     the 2024 reporting period are elaborated further
                                                                                                           (2) Sustainable Operation, and (3) Sustainability       in the Sustainability Report.
                                                                                                           Beyond Banking.
                                SOCIAL PILLAR

    ESG Aspects                        Indicators                2024 Target    2024 Achievement

 Employee                 % Employee participation in training
 Development              programs                                  85%               97.87%
 Employee                 Average training hours per
 Development              employee                               40 hours         107.8 hours
                          % of employees participating
 Employee
 Development
                          in training programs out of total         10%               22.70%
                          employees
                          % Disbursement of KUR from the
 Financial Inclusion
                          allocated quota                           95%                100%
                          Average composition of Nominated
 Employee Diversity       Talent employees (female and              25%                26.5%
                          young talent)




                                GOVERNANCE PILLAR

    ESG Aspects                        Indicators                2024 Target    2024 Achievement

 Cyber Security           Number of reported Cyber Security
 Breach                   Breaches                                   0                    0

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    ENVIRONMENTAL
    PILLAR
                                                               PROMOTING GREEN OPERATION

                                                                Environmental Pillar Performance
                                                                               The first bank in Indonesia to                                          The first bank in Indonesia to
                                                                               launch Digital Carbon Tracking                                          launch an environmentally
                                                                                                                                                       friendly card

                                                                   Green                                                                                                       Operational

                                                               3                            10                       241                      870                  404
                                                                   Building                         Green                          Smart                  Unit
                                                                                                                                                                               Vehicles with
                                                                   Certified                        Office                         Branch                 Solar
                                                                                                                                                                               Electric Vehicles
                                                                   Building                                                                               Panel
                                                                                                                                                                               (EV) and Hybird




                                                                GHG EMISSION MEASUREMENT

                                                                                                                                                             33%
                                                                GHG Emissions Scope 1 and 2
                                                                Bank Mandiri has measured its operational carbon emissions for Scope
                                                                1 and Scope 2, using 2019 emissions as the baseline year. For Scope 3
                                                                emissions, the Bank has calculated emissions from financing activities                       Reduction in Scope 1 and
                                                                (Financed Emissions) in accordance with the Partnership for Carbon                           Scope 2 emissions compared
                                                                Accounting Financials (PCAF) methodology.                                                    to the 2019 baseline

                                                                                 Data Historis emisi karbon Scope 1&2 Bank Mandiri (tCO2e)


                                                                   358,754
                                                                                  315,279         314,257         302,780         295.713
                                                                                                                                             239.594
                                                                                                                                                             239,594 tCO e                 2
                                                                   283,113
                                                                                                                                                             Scope 1+2 emissions of
                                                                                  254,173                                                                    Bank Mandiri
                                                                                                  249,938
                                                                                                                  260,082         252,636    192,853


    Bank Mandiri is committed to implementing three key
                                                                   75,640         61,105          64,319
                                                                                                                  42,698          43,077     46,741
                                                                   2019           2020            2021            2022            2023       2024

    approaches: (1) Green Business Mindset, (2) Measurement                                     Scope 1          Scope 2



    and Monitoring of Operational Carbon Emissions, and
    (3) Carbon Neutral Initiatives through Green Operations.    ELECTRICITY CONSUMPTION (GJ)
    These initiatives include energy efficiency, the use of
                                                                                                                   2024                           2023                    2022
    low-emission office equipment, and Carbon Offsetting
                                                                                                                   863,024 GJ                     1,040,757 GJ            1,046,804 GJ
    through carbon credit purchases and early-stage                                         17% yoy
    climate mitigation projects, all aimed at achieving the
    aspiration of “Net Zero Emission (NZE) in Operations
    by 2030”. Through the pursuit of this aspiration, Bank      FUEL CONSUMPTION (GJ)
    Mandiri demonstrates leadership in the banking sector
                                                                                                                     2024                         2023                    2022
    by prioritizing operational activities that balance
                                                                                                                     642,865 GJ                   599,750 GJ              569,528 GJ
    environmental performance with economic and social                                      7% yoy
    performance.

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ENVIRONMENTAL PILLAR                                                                                                                                                                                   ENVIRONMENTAL PILLAR




                                                                                                           PRODUCTS AND SERVICES SUPPORTING
                                                                                                           CLIMATE CHANGE MITIGATION
                                                                                                           In response to climate change, Bank Mandiri recognizes the importance of meeting customer needs
                                                                                                           through innovative products and services. The products and services supporting climate change
                                                                                                           mitigation offered by Bank Mandiri in 2024 are presented in the table below.



                                                                                                                       Livin’ Planet                              Green Mortgage                                Digital Banking

                                                                                                            Bank Mandiri introduced Livin’ Planet,        Bank Mandiri is promoting green              Bank Mandiri leverages digital banking
                                                                                                            an innovative feature within the Livin’       financing through the Green Mortgage         to support climate change mitigation
                                                                                                            by Mandiri application aimed at raising       program for properties certified as          through the Livin’ app for retail
                                                                                                            awareness and driving customer                green buildings, such as NavaPark BSD        customers and the Kopra platform
                                                                                                            participation     in    environmental                                                      for wholesale customers, enabling
                                                                                                                                                          City, which has received Greenship
                                                                                                            preservation. Through Livin’ Planet,                                                       convenient financial services without
                                                                                                                                                          Platinum certification from GBCI.
                                                                                                            customers can calculate their daily                                                        the need to visit physical branches. In
                                                                                                                                                          Customers benefit from incentives
 USE OF RECYCLED WATER (m3)
                                                                                                            carbon footprint using an integrated                                                       addition, Bank Mandiri operates 241
                                                                                                            carbon calculator, contribute to tree         such as low interest rates and reduced       Smart Branches as part of its digital
                                                                                                            planting programs, and track their            down payments, aligning with the push        transformation, providing fast, easy,
                                                                                                            planting contributions.                       toward sustainable development.              and secure banking services. This
 • 3 Buildings with Reverse Osmosis Systems (Plaza Mandiri, Wisma Mandiri, and Menara Mandiri)
                                                                                                                                                                                                       initiative not only enhances customer
 • 13% decrease in recycled water consumption in 2024                                                                                                                                                  convenience       but   also   reduces
                                                                                                                                                                                                       carbon      emissions  by    minimizing
                                      2024                    2023                   2022                                                                                                              physical document consumption and
                                                                                                                                                                                                       transportation, aligning with Bank
                WATER                                                                                                                                                                                  Mandiri’s commitment to sustainability.
                CONSUMPTION:           88,788 m3              141,106 m3             138,580 m3


                                                                                                                                                             Corporate in Transition                         Renewable Energy
                                                                                                                       MSME Loans
                                                                                                                                                                  Financing                                      Financing
    WASTE REDUCTION                                                                                         Bank Mandiri has a robust policy              Bank Mandiri offers financing to help        Bank Mandiri provides loans to support
                                                                                                            framework in place to support the             clients transition their businesses in       business activities that contribute
                                    • There were no incidents of Bank Mandiri’s effluent spills into the    growth and strengthening of the MSME          alignment with the Paris Agreement or        renewable energy projects. By 2024,

         3R
                    REDUCE                                                                                  sector, recognizing the vital role of         NDC targets. Clients must demonstrate        the total loans disbursed reached
                                      environment.
                    REUSE                                                                                   MSMEs in Indonesia’s economy. This            a clear climate transition strategy,         Rp11.8 trillion.
                    RECYCLE         • Through the reverse osmosis process, the water is further treated     includes providing Working Capital            measurable goals, and evidence of
                                      into drinking water, and the processed wastewater is reused for       Loans, Investment Loans, Micro Business       implementation within the past 12
                                      plant irrigation.                                                     Loans (KUM), and participating in the         months.
                                                                                                            People’s Business Loans (KUR) program

                   Hazardous
                                      2024                    2023                   2022                   to empower MSMEs.
HAZARDOUS
WASTE              Waste
                                      196 Kg                  1,520 Kg               4,400 Kg
                      87% yoy                                                                                   Cardless Credit Card                              Recycled Cards                                   Green Loans

                                      2024                    2023                    2022                  Bank Mandiri launched a virtual credit        Bank Mandiri continues to innovate by        In 2024, Bank Mandiri provided
LIQUID WASTE       Liquid                                                                                   card without physical cards to reduce         introducing environmentally friendly         green loan facilities amounting to
                   Waste (m3)         81,400 m3               100,200 m3              63,693 m3             plastic waste and carbon emissions
                                                                                                            from the production, printing, and
                                                                                                                                                          products such as debit cards and
                                                                                                                                                          prepaid cards made from recycled
                                                                                                                                                                                                       Rp3.5 trillion for the electricity sector
                                                                                                                                                                                                       as an ESG Coordinator in energy
                                                                                                            delivery of cards to customers.               PVC materials.                               transition, and US$226 million for the
                                                                                                                                                                                                       transportation sector to support the
                                                                                                                                                                                                       distribution of electric vehicles and
LIQUID WASTE
TREATED            Reverse
                                      2024                    2023                    2022                                                                                                             their infrastructure.
THROUGH            Osmosis Liquid
REVERSE            Waste (m3)         32,134 m3               31,610 m3               28,104 m3            Comprehensive information on environmental impact reduction is available in Bank Mandiri’s Sustainability Report, published separately
OSMOSIS (m³)                                                                                               but as an integral part of this Annual Report.




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ENVIRONMENTAL PILLAR                                                                                                                                                                             ENVIRONMENTAL PILLAR




                                                                                                               Bank Mandiri Industry Acceptance Criteria
    Green Financing Policies                                                                                   Industry Sector          ESG Aspect Criteria

                                                                                                               Agriculture (including   In managing ESG risks in the agricultural sector, particularly in palm oil plantations and
                                                                                                               the Palm Oil Sector)     CPO production, Bank Mandiri requires compliance with the Indonesian Sustainable
                                    Bank Mandiri is committed to indirectly contributing to environmental
                                                                                                                                        Palm Oil (ISPO) certification or, at a minimum, proof of ISPO registration from an ISPO
                                    impact reduction by implementing green financing policies.
     In 2024, Bank                  Conversely, the Bank avoids financing projects/activities that
                                                                                                                                        Certification Institution. The Bank also considers the environmental and labor policies of
                                                                                                                                        debtors (including Occupational Health and Safety/OHS), the procedures for preventing
Mandiri completed                   negatively impact the environment, as outlined in the following                                     and handling land fires in accordance with applicable standards, and adherence to No
                                    exclusion/negative list:                                                                            Deforestation, No Peat, No Exploitation (NDPE) policies. These include policies on land
 the review process                                                                                                                     clearing, preservation of High Conservation Value (HCV) areas, and Waste Treatment
   and integrated                   a.   Illegal logging;                                                                               Plant (WTP) installations. Financing to new companies planning to clear new land will not
                                                                                                                                        be provided.
                                    b.   Land clearing on peatlands;
    sectoral credit                 c.   Human rights violations under labor laws and ILO conventions;
                                                                                                               Construction Sector      In managing ESG risks in the construction sector, Bank Mandiri requires debtors to have
  policies for 5 (five)             d.   Drug abuse;                                                                                    internal policies (code of conduct) related to environmental and labor standards. In
                                    e.   Business activities that harm the environment, including those
      new sectors,                       that disrupt protected areas such as UNESCO World Heritage
                                                                                                                                        addition, debtors involved in toll road operations must have internal policies and standard
                                                                                                                                        operating procedures (SOPs) for accident handling.
    namely: Hotel,                       Sites, wetlands under the Ramsar Convention criteria, high
                                         biodiversity sites, and areas classified as protected under IUCN      Energy Sector            In managing ESG risks in the Energy and Energy Use sector, Bank Mandiri requires PROPER
      restaurant &                       Category 1 & Category 2 in the Convention on Biological                                        documents or environmental documents approved by the Environmental Agency
                                                                                                                                        (BLH), as well as environmental management certification. For the development of new
   Accomodation,                    f.
                                         Diversity;
                                         Other business activities that do not comply with prevailing
                                                                                                                                        Coal-Fired Power Plants (PLTU), Bank Mandiri considers the financing tenure to align

    fertilizer & Pest                    laws and regulations, including but not limited to: pornography,
                                                                                                                                        with the coal phase-out strategy in line with the applicable PLN RUPTL while taking into
                                                                                                                                        account the debtor’s environmental policies (carbon emissions, coal ash, water, and
                                         gambling, money laundering, activities involving corruption,
   Management,                           collusion, and nepotism, and other goods and services that are
                                                                                                                                        waste management) and labor policies. Meanwhile, for Hydropower Plants (PLTA), a
                                                                                                                                        hydrological feasibility study is mandatory to ensure adequate water flow and to prevent
        Cement,                          not in accordance with applicable legal provisions.                                            disruption to the ecosystem or public access.

  Automotive, and                   Bank Mandiri gradually integrates ESG aspects into its credit policies,    Fast Moving              In managing ESG risks in the Fast-Moving Consumer Goods (FMCG) sector, Bank Mandiri
                                                                                                               Consumer Goods
  Chemicals, Bank                   requiring debtors to meet minimum criteria such as positive and
                                                                                                               (FMCG) Sector
                                                                                                                                        requires its debtors to have environmental policies in place (such as those related to the
                                                                                                                                        use of chemicals and water & waste management) and to obtain certification from the
                                    negative screening of business activities. Integration is carried out in
Mandiri has outlined                the Credit Procedure Standards that requires:
                                                                                                                                        National Food and Drug Supervisory Agency (BPOM).

this in the technical                                                                                          Metal Mining Sector      Bank Mandiri requires its debtors to implement Good Mining Practices in accordance
                                    a.   Have environmental management documents in accordance                                          with applicable laws and regulations. This includes providing an annual Work Plan and
       instructions                      with the industrial sector and prevailing laws and regulations,                                Budget (RKAB) approved by the Ministry of Energy and Mineral Resources (ESDM) and/or
       for Industry                      including an Environmental Impact Assessment (AMDAL)                                           other necessary documents related to Good Mining Practices. Debtors must also have an
                                                                                                                                        internal policy (code of conduct) addressing environmental and labor concerns.
                                         document for mandatory business/activity plans or an
Acceptance Criteria                      Environmental Management Effort (UKL) - Environmental                                          In addition, Bank Mandiri mandates that debtors achieve a minimum Blue rating in
          (IAC).                         Monitoring Effort (UPL) document;                                                              the PROPER assessment and/or have an Environmental Impact Analysis (AMDAL) or
                                    b.   Have a PROPER Assessment result (Corporate Performance                                         Environmental Management and Monitoring Efforts (UKL-UPL) report approved by
                                         Rating Program in Environmental Management) in accordance                                      the Environmental Agency (BLH). Debtors are also required to have Environmental
                                         with relevant regulations;                                                                     Management certifications, such as ISO 14001/ISO 45001, or equivalent documents
                                    c.   Have environmental management permits/certifications or                                        acceptable to the Bank.
                                         other related environmental criteria in accordance with relevant
                                                                                                               Coal Sector              In managing ESG risks in the Coal sector, Bank Mandiri does not provide financing for
                                         laws and regulations.                                                                          mines in the exploration stage and requires companies to have a minimum Green PROPER
                                                                                                                                        rating. Specifically for Coal-Fired Power Plants (PLTU), Bank Mandiri considers the financing
                                    Bank Mandiri has implemented credit policies that integrate ESG                                     tenure to align with the coal phase-out strategy in accordance with the applicable PLN
                                    aspects and enforce sectoral credit policies as binding provisions for                              RUPTL.
                                    business activities deemed to have high ESG risks.
                                                                                                               Other Transport          Bank Mandiri requires debtors in this sector to demonstrate efforts toward energy
                                                                                                               Equipment Industry       efficiency and emission reductions, supported by documents acceptable to the Bank.
                                                                                                               (Shipyards)              Public companies are also required to produce a sustainability report.




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ENVIRONMENTAL PILLAR                                                                                                                                                                                     ENVIRONMENTAL PILLAR




 Industry Sector           ESG Aspect Criteria                                                                             Industry Sector        ESG Aspect Criteria

 Healthcare Services       Debtors must have approved industrial forest management permits, such as the Timber             Chemical               Bank Mandiri requires efforts in energy efficiency, environmental management
 and Pharmaceutical        Forest Product Utilization Permit (IUPHHK) or Non-Timber Forest Product Utilization Permit                             certification, and compliance with OHS standards. Companies must have a liquid waste
 Sector                    (IUPHHBK), and an approved Business Work Plan (RKU) from the Ministry of Environment                                   disposal permit and hazardous and toxic waste (B3) management documentation
                           and Forestry. They must also have internal policies for Environmental Management and                                   acceptable to the Bank.
                           Occupational Health and Safety (OHS) Management acceptable to the Bank.
                                                                                                                           Sectors Sensitive to   For sensitive sectors, Bank Mandiri enforces binding credit policies requiring compliance
 Pulp & Paper Sector       Bank Mandiri requires companies to have a minimum Blue PROPER rating, implement                 ESG Aspects            with ESG-related regulations and standards, including certifications such as ISO 14001 for
                           energy efficiency and emission reduction measures, and ensure adequate electricity                                     environmental management and ISO 45001 or equivalent for occupational health and
                           supply and water resources. Companies must also have a Wastewater Treatment Plant                                      safety. For debtors unable to meet these requirements, a monitoring mechanism and
                           (IPAL), Waste Treatment Facility (IPL), Liquid Waste Disposal Permit (IPLC), and a hazardous                           action plan framework are established to improve their ESG aspects.
                           and toxic waste (B3) treatment facility, as evidenced by acceptable documentation
                           submitted to the Bank.
                                                                                                                          To enhance ESG aspects, Bank Mandiri has                   In practice, Bank Mandiri conducts an initial ESG
 Telecommunication         Debtors must demonstrate energy efficiency and emission reduction efforts supported
 Sector                    by acceptable documentation (if applicable). They are also required to have internal           established strict monitoring mechanisms and               risk screening in accordance with existing policies
                           policies on data privacy in compliance with prevailing regulations and possess high-           action plan development for debtors who have               prior to proceeding with the lending process for
                           capacity systems and capabilities in cybersecurity.                                            not yet met the required criteria. In addition             debtors. This process involves the Business Unit, Risk
                                                                                                                          to developing sectoral credit policies as                  Unit, Legal & Compliance, Credit Operations, and
 Transportation Sector     Debtors must demonstrate energy efficiency and emission reduction efforts, supported by
                           documentation acceptable to the Bank.                                                          mentioned above, Bank Mandiri also implements              Credit Decision Executives. Below is the lending
                                                                                                                          Environmental Social Risk Management (ESRM)                workflow at Bank Mandiri, incorporating ESG risk
 Oil and Gas Sector        In managing ESG risks in the Oil and Gas sector, particularly in upstream oil and gas          through the use of an Environmental and Social             considerations.
                           exploitation, Bank Mandiri requires environmental management certification, energy
                                                                                                                          Compliance Checklist (ESCC).
                           efficiency initiatives, and emission reduction measures in compliance with regulatory
                           requirements at the business location. Public companies must provide a Sustainability
                           Report or equivalent documentation. Oil and gas business activities must acquire
                           documents verifying compliance with all Oil and Gas Safety requirements, including
                           installation and equipment, workforce, general safety, and environmental standards.
                           Supporting must provide proof of compliance through a Supporting Business Certificate
                           (SKUP).

 Hotel, Restaurant and     Bank Mandiri requires certifications such as ISO 14001, ISO 45001, or ISO 22483, as well
 Accomodation              as compliance with Occupational Health and Safety (OHS) standards. Companies must
                           implement energy efficiency and emission reduction measures, supported by acceptable
                           documentation, including the SNI CHSE certification.

 Fertilizer & Pesticides   In managing ESG risks in the Fertilizers and Pesticides sector, Bank Mandiri requires the
                           environmental management certification, OHS standards, a sustainable corporate
                           social and environmental responsibility program, efforts to improve energy efficiency,
                           and hazardous and toxic waste (B3) management documentation. If generating liquid
                           waste, a Liquid Waste Disposal Permit (IPLC) is mandatory, including SOPs for wastewater
                           treatment plant (IPAL) management.

 Cement                    Bank Mandiri requires efforts in energy efficiency, environmental management
                           certification, and compliance with OHS standards. Cement plants must have hazardous
                           and toxic waste (B3) management documentation as well as permits or approvals related
                           to liquid waste management.

 Automotive                In managing ESG risks in the Automotive sector, Bank Mandiri requires efforts in energy
                           efficiency, environmental management certification, and compliance with OHS
                           standards. Companies must have a liquid waste disposal permit and hazardous and toxic
                           waste (B3) management documentation acceptable to the Bank.




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                                                                                   Bank Mandiri Sustainable Portfolio
   INTEGRATION OF ESG IN CREDIT APPROVAL PROCESS
                                                                                   The following are Bank Mandiri Sustainable Portfolio List as per the Sustainable

                1                             2                       3
                                                                                   Business Activities Category (KKUB) in POJK 51/2017 in 2022-2024:


          Business Unit +             Business Unit + Risk    Legal + Compliance
     Risk Management Unit             Management Unit
                                                              LEGAL & COMPLIANCE
                                                                                   Sustainability Business Category Portfolio
           PRE-SCREEN                  LOAN ANALYSIS                  REVIEW
                                                                                   (Rp Billion)
                                                                                            Sustainable Financing (In accordance with KKUB
                                                                                    No.                                                               2024                2023                 2022

                6                             5                       4
                                                                                                             POJK 51/2017)
                                                                                    1      Renewable Energy                                              11,773                  9,727                6,149
         Business Unit +                                         Business Unit +    2      Energy Efficiency                                                     -                   -                    -
      Risk Management +               Authorized Officer       Risk Management      3      Pollution Prevention and Control                                      -                   -                    -
     Credit Operations Unit
                                       LOAN APPROVAL           CREDIT COMMITTEE     4      Sustainable Natural Resources Management and
                                                                                                                                                        111,432              102,413                92,956
    LOAN DOCUMENTATION                                              MEETING                Land Use
                                                                                    5      Conservation of Land and Water Biodiversity                           -                   -                    -
                                                                                    6      Clean Transportation                                              7,545               3,926                3,107

                7                             8                                     7
                                                                                    8
                                                                                           Sustainable Water and Wastewater Management
                                                                                           Climate Change Adaptation
                                                                                                                                                             1,176
                                                                                                                                                                 -
                                                                                                                                                                                 1,171
                                                                                                                                                                                     -
                                                                                                                                                                                                       867
                                                                                                                                                                                                          -
                                          Business Unit +                           9      Eco-Efficient and/or Circular Eco. Adapted
     Credit Operation Unit          Risk Management Unit +                                                                                               10,621                  5,354                3,307
                                                                                           Products, Technology & Processes
                                     Credit Operations Unit
         DISBURSEMENT                                                               10     Green Building                                                    6,268               6,612                  16
                                      LOAN MONITORING                               11     Other Environmentally Friendly Business Activities                9,644               8,776                5,067
                                                                                    12     Micro, Small, and Medium Business Activities                 134.048              126,101              117,295
                                                                                           Total Sustainable Financing                                  292,507              264,080              228,764




                                                                                   SUSTAINABLE FINANCING
                                                                                   Green Portfolio                            Sustainable Portfolio                  Social Portfolio


                                                                                   Rp    148.81                trillion     Rp   292.51            trillion          Rp 143.69                    trillion




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 GREEN PORTFOLIO                                                                             SOCIAL PORTFOLIO


                  Rp   148.81            trillion                                            Rp   143.7             trillion

                                                                                             SME Segment                             Micro Segment                        Corporate Segment
 Renewable                          Management of Biological          Clean Transportation
 Energy                             Natural Resources and
                                    Sustainable Land Use
                                                                                             Rp   40.2          trillion            Rp  90.8          trillion            Rp   2.3        trillion

 Rp   11.8           trillion       Rp111.4                trillion   Rp   7.5   trillion
                                                                                             Commercial Segment


 Sustainable Water and
 Wastewater Management
                                    Eco-Efficient and/or Circular
                                    Eco Adapted Products,
                                    Technology & Processes
                                                                      Green Buildings
                                                                                             Rp   10.4          trillion



 Rp   1.2         trillion          Rp10.6             trillion       Rp   6.3   trillion
                                                                                                  Bank Mandiri Sustainable Financing
                                                                                                  Products
                                                                                                  Bank Mandiri provides sustainable financial                    focused projects but also provide incentives
                                                                                                  products in the form of sustainable/green/                     for borrowers to achieve agreed-upon ESG
                                                                                                  social bonds, which are debt-based funding                     targets.
                                                                                                  instruments. The proceeds from these bonds are
 GREEN PORTFOLIO BY SEGMENT                                                                       allocated to finance or refinance green projects,         2.    Sustainable Client Financing
                                                                                                  social development projects, or a combination of               This financing is provided for entity-level client
                                                                                                  both (sustainable financing).                                  funding. The facility is designed to support clients

                  Rp   148.81        trillion                                                     Sustainable
                                                                                                                                                                 whose businesses promote environmental
                                                                                                                                                                 sustainability or transition toward a sustainable
                                                                                                                                                                 economy, in accordance with the eligible
                                                                                                  Financing Products                                             activity criteria outlined in this framework, as
 Corporate Segment                  Commercial Segment                Consumer Segment                                                                           well as applicable regulations or international


      78.8                            68.6
                                                                                                  1.    Sustainability Linked Loan (SLL)                         best practices. Clients qualify for this financing

 Rp                   trillion      Rp                 trillion       Rp   1.5   trillion
                                                                                                       A sustainability-linked loan (SLL) is designed to
                                                                                                       support clients in improving their sustainability
                                                                                                       profile throughout the loan tenure without
                                                                                                                                                                 if their primary business, or at least 90% of
                                                                                                                                                                 their revenue, originates from activities that
                                                                                                                                                                 meet the eligible criteria defined under this
                                                                                                       requiring financing allocation for specific               framework.
                                                                                                       sustainable projects or activities.
                                                                                                                                                                 •    Green Loan
                                                                                                       This financing structure aligns loan terms                     This facility is specifically designed to
                                                                                                       with predetermined sustainability objectives,                  finance projects and initiatives that
                                                                                                       measured through key performance indicators                    have a positive environmental impact,
                                                                                                       (KPI) and evaluated against sustainability                     in accordance with the Green Loan
                                                                                                       performance targets (SPT). By incorporating                    Principles established by the Loan
                                                                                                       KPIs, SLLs not only support sustainability-                    Market Association (LMA). Launched in

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          2022, this facility was marked by Bank          through the issuance of green bonds and                   Bond Principles, and Social Bond Principles issued      alignment with international standards such
          Mandiri’s role as a Mandated Lead               sustainable bonds, as well as innovations such as         by the International Capital Market Association         as the Green Bond Principles and Green Loan
          Arranger in structuring a syndicated            ESG Repo transactions. Since 2021, Bank Mandiri           (ICMA).                                                 Principles issued by the International Capital
          Green Loan totaling USD300 million,             has not only successfully raised sustainable funds                                                                Market Association and Loan Markets Association,
          aimed at supporting the comprehensive           but has also expanded its financing portfolio to          ESG Repo                                                and providing direction on reporting and
          development of the lithium battery              support the transition to a low-carbon economy,           In 2022, Bank Mandiri successfully executed             transparency. Through this approach, Mandiri
          industry.                                       reinforcing its role as a key driver in the sustainable   an ESG Repo transaction worth USD500 million            Sekuritas supports clients in accessing sustainable
                                                          finance ecosystem.                                        with two counterparties. This was the first ESG         financing while meeting investor expectations for
          As a demonstration of its commitment                                                                      Repo transaction in Indonesia and one of the            responsible investments.
          to sustainability, in 2024 Bank Mandiri         1. Sustainability Bond & ESG Repo Framework               first in Southeast Asia. The funds raised from this
          took strategic steps by providing green            Bank Mandiri’s Sustainability Bond & ESG               transaction were used to finance or refinance           In 2024, Mandiri Sekuritas served as one of the
          financing facilities for the electricity and       Repo Framework aligns with the four key                environmental, social, and governance (ESG)-            Joint Lead Underwriters for the issuance of Social
          transportation sectors. In the electricity         pillars of the Sustainability Bond Guidelines          related assets, supporting broader sustainability       Bonds by PT Pegadaian worth Rp252 billion and PT
          sector, Bank Mandiri acted as an ESG               issued by the International Capital Market             efforts in the banking and finance sector.              Sarana Multigriya Finansial (Persero) worth Rp5.64
          Coordinator by offering a green loan               Association (ICMA 2021), which include use of                                                                  trillion, as well as Green Bonds by PT Oki Pulp &
          facility of Rp3.5 trillion to support the          proceeds, project evaluation and selection,            Involvement in Green Bonds                              Paper worth Rp7.59 trillion. All issuances underwent
          energy transition program. Meanwhile,              management of proceeds, and reporting.                 In 2024, Mandiri Group, through Mandiri Sekuritas,      an independent verification process. Additionally,
          in the transportation sector, the bank                                                                    actively serves as a trusted advisor for clients in     Mandiri Sekuritas has provided advisory support
          provided a green loan facility of               2. Green Bond Framework                                   structuring green bonds and sustainable bonds.          to several companies in the financial services,
          USD226 million to support the distribution         Bank Mandiri’s Green Bond Framework,                   This service includes guidance in identifying           property, agriculture, energy, and pulp & paper
          of electric vehicles, including the                which supports the issuance of Green Bond              projects that meet sustainability criteria, ensuring    sectors
          development of the electric vehicle                Rupiah, is aligned with POJK No. 60/2017 and
          infrastructure ecosystem.                          encompasses four key pillars, including use of
                                                             proceeds, project evaluation and selection,
     •    Green Mortgage                                     management of proceeds, and reporting.
         Bank Mandiri continues to innovate in
                                                                                                                       Sustainable Investment
         developing sustainable financial products        Bank Mandiri has designed a Sustainable Public
         that contribute to green property                Offering Program (PUB) for Sustainable Green
                                                                                                                       As part of its commitment to achieving sustainability goals, Bank Mandiri has also developed a
         development. This green financing                Bonds I worth Rp10 trillion. In 2023, Bank Mandiri
                                                                                                                       sustainable investment approach through Mandiri Manajemen Investasi (MMI). MMI supports Bank
         innovation is part of Bank Mandiri’s efforts     issued the first phase of the Sustainable Green
                                                                                                                       Mandiri’s commitment to creating sustainable value by integrating ESG factors into its investment
         to integrate the Environmental, Social,          Bond amounting to Rp5 trillion. The entire
                                                                                                                       portfolio and decision-making processes, ensuring outcomes that align with long-term growth and
         and Governance (ESG) framework into its          allocation of green bond proceeds has been
                                                                                                                       generate a positive impact on society.
         financial products through the Sustainable       verified by a Second Party Opinion (SPO) from
         Banking pillar. As of December 2024, Bank        SDGs Hub UI.
                                                                                                                       The investment process employs both quantitative and qualitative methods to assess the ESG
         Mandiri recorded loan disbursement for
                                                                                                                       factors of each company. In evaluating ESG profiles, Bank Mandiri has developed an internal
         environmentally friendly buildings that          Sustainability Bonds
                                                                                                                       checklist designed to ensure that ESG assessments are conducted in a measurable, consistent,
         meet standards/certifications reaching           In 2021, Bank Mandiri successfully raised USD300
                                                                                                                       and relevant manner based on the company’s characteristics.
         Rp6.3 trillion. This includes retail financing   million through its inaugural issuance of a
         through the Green Mortgage (KPR Hijau)           Sustainability Bond. The proceeds were allocated
                                                                                                                       As part of Bank Mandiri’s commitment to sustainability principles, Mandiri Capital Indonesia (MCI)
         program, contributing to the growth of           to finance or refinance environmentally and
                                                                                                                       has established environmental and social criteria for all its investments. These criteria are not only
         Bank Mandiri’s total sustainable portfolio       socially responsible projects, in accordance with
                                                                                                                       aligned with established standards but also reflect the Bank’s broader sustainability objectives.
         to Rp292.5 trillion, an increase of 10.8%        the criteria outlined in Bank Mandiri’s Sustainability
                                                                                                                       lebih luas.
         (yoy) over the same period.                      Bond Framework. During the offering process,
                                                          the bond received demand exceeding USD2.5
                                                                                                                       Examples of Bank Mandiri’s sustainable investment portfolio products include:
Sustainable Funding                                       billion, or 8.3 times the target fundraising amount,
                                                                                                                       • Green Sukuk and Green Bonds
                                                          indicating a significant oversubscription.
                                                                                                                       • ESG Mutual Funds
As a pioneer in the First Movers on Sustainable
                                                          Bank Mandiri’s Sustainability Bond Framework has
Banking initiative, Bank Mandiri has proactively
                                                          been aligned with international market standards,
strengthened its sustainable funding structure
                                                          such as the Sustainability Bond Guidelines, Green

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                                                                                                           Strengthening Indonesia’s Electric Vehicle
                                                                                                           Ecosystem, Bank Mandiri Signs Mou With BYD

                                                                                                           Bank Mandiri continues to reinforce its commitment
                                                                                                           to sustainable economic growth by promoting
                                                                                                           environmentally friendly business practices. One
                                                                                                           such initiative involves Bank Mandiri’s support for
                                                                                                           the expansion of the electric vehicle ecosystem
                                                                                                           by offering various banking products and services,
                                                                                                           including financing solutions accessible to the
                                                                                                           public.

                                                                                                           This commitment has once again been
                                                                                                           demonstrated by Bank Mandiri through the
                                                                                                           signing of a Memorandum of Understanding
  Efforts To Build An Environmentally Friendly Value                                                       (MoU) with PT BYD Motor Indonesia. The signing
                                                                                                                                                                 addition, Bank Mandiri supports the government’s
  Chain And Support Sustainable Development                                                                was carried out by Bank Mandiri’s Vice President
                                                                                                           Director, Alexandra Askandar, and BYD, during         program to accelerate electric vehicle adoption
                                                                                                           the annual Indonesia International Motor Show         in Indonesia through the import of electric
                                                                                                           (IIMS) 2024 in Jakarta.                               vehicles with the issuance of a Bank Guarantee
                                                                                                                                                                 as BYD’s commitment to establishing its factory in
                                                                                                           In this collaboration, Bank Mandiri will provide      Indonesia.
As part of its commitment to actively implementing Sustainable Finance and becoming Indonesia’s First
Movers on Sustainable Banking, Bank Mandiri strives to build and develop an environmentally friendly       various financial support and strategic banking
                                                                                                           services required by BYD, including the               This collaboration is expected to support
value chain as part of its efforts to support various sustainable development targets and programs. The
                                                                                                           optimization of its subsidiaries in the financing     Indonesia’s transition toward net zero emissions
various initiatives implemented in 2024 reflect the Bank’s commitment to supporting the Indonesian
                                                                                                           sector, Mandiri Tunas Finance and Mandiri Utama       (NZE) by 2060, while accelerating the Green
Government’s target of achieving Net Zero Emission (NZE) by 2060 or sooner. These efforts align with the
                                                                                                           Finance, to further strengthen the electric vehicle   Economy through the development of sustainable
ACGS parameter 8.4.3, “The Bank’s efforts to ensure the formation of an environmentally friendly value
                                                                                                           ecosystem. This collaboration also leverages          financing and green financial products.
chain and consistently promote/support sustainable development.”
                                                                                                           digital banking products such as Kopra and
In 2024, Bank Mandiri implemented several programs aimed at building an environmentally friendly value     Livin’ by Mandiri to enhance BYD’s ecosystem. In
chain while supporting sustainable development goals, including:
• Calculating and reporting Scope 3 greenhouse gas (GHG) emissions from financing activities in 10
    economic sectors.
• Actively participating in the Carbon Offsetting market through purchasing carbon units, investing in
    Nature-Based Solution (NBS) projects, and undertaking other mitigation actions.
• Implementing green financing policies.                                                                   Comprehensive information on financing policies that impact the environment and sustainable financial
• Integrating ESG aspects into the Bank’s loan policies.                                                   products are presented in Bank Mandiri’s Sustainability Report, published separately but as an integral
• Regularly reviewing and establishing Industry Acceptance Criteria.                                       part.
• Applying Environmental Social Risk Management (ESRM) through the use of an Environmental and
    Social Compliance Checklist (ESCC).




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                                                       For Our Customers
                                                                        Satisfaction Score                                           Resolution Rate Customer

                                                                                                                                                100%
                                                                                                                                     Complaint
                                                                        8,6 out of 10
                                                                    more than                                                                       Launching new apps:
                                                                                                                2,4 million                         • Livin’ Points, October 24
                                                                    29 million                                                                      • Livin’ Loyalty, October 24
                                                                                                                                                    • Livin’ Mortgage, June 24
                                                                                                                users, with more
                                                                    users as of                                 than 1.47 million                   • Livin’ Auto, October 24
                                                                    December, 2024                              users in Non-Urban                  • Livin’ Planet, October 24
                                                                                                                area


                                                       Mandiri’s super app’to grow retail         Mandiri’s enabler to acquire           One stop solution for answer lifestyle
                                                       customer base and at the same time         offline merchants, which started       needs, 1st banking app with one-of-
                                                       ensuring its stickiness through constant   as complete point-of-sales             a-kind entertainment and shopping
                                                       release of features
                                                                                                  platform with huge scalability         experience inside




                                                          For Communities
                                                          3 million                                 20,482                                    110,481
                                                                                                                  participants                Mandiri Agents
                                                          Bank Mandiri accounts                     Indonesia Migrant                         3 million Bank Mandiri
                                                          have been acquired                        Workers through Mandiri                   accounts opened
                                                          through Mandiri Agent                     Sahabatku                                 through Mandiri Agents



                                                          6,5 million                               27,520 farmers                             15.101 MSMEs
                                                          beneficiaries of TJSL                     in Pamarican and                           Has received training
 Through the Social Pillar, Bank Mandiri implements       program and financial                     Kebumen received                           through Rumah BUMN
                                                          inclusion                                 training from Rice Miling                  program
 community empowerment programs focused on Financial                                                Unit (RMU) Program
 Inclusion, emphasizing Human Resource Development,
 Consumer Financial Protection, and Data Privacy and
 Security.                                               For Mandirians
                                                                                                  GENDER DIVERSITY
                                                                                                     Board of Commissioners & Directors
                                                                                                         Male          Female
                                                                                                                                                  4,315,947
                                                                                                         87%                                      Training hours
                                                                                                                       13%
                                                        38,874                                          Management Level

                                                                                                                                                  89.93%
                                                                                                         Male          Female
                                                        Total Employee                                   54%           46%
                                                        (Mandirian)
                                                                                                        Total All Employee                        Employee
                                                                                                         Male          Female                     engagement rate
                                                                                                         48%           52%

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       For Our Customers
Consumer Protection                                     8.   Serving as the liaison for complaints submitted
                                                             by consumers to the Financial Services
                                                                                                                  The policy also outlines the rights of creditors to:      1.
                                                                                                                                                                            2.
                                                                                                                                                                                 Reduction of loan interest rates;
                                                                                                                                                                                 Extension of the loan term;
                                                             Authority and/or other relevant authorities.         1.   Receive adequate explanations about the              3.   Reduction of overdue interest payments;
Bank Mandiri has established Operational Policies
                                                                                                                       characteristics of the products.                     4.   Reduction of overdue principal payments;
governing the implementation of consumer
                                                        Bank Mandiri also has a debt collection policy            2.   Access the terms and conditions of deposit           5.   Provision of additional loan facilities; and/or
protection functions, detailed further in the
                                                        that ensures the fulfillment of debtor rights as               products through Bank Mandiri’s website.             6.   Conversion of loan into temporary equity
internal provisions of each work unit. This reflects
                                                        outlined in:                                              3.   Enjoy ease of transactions via branches,                  participation.
the Bank’s commitment to creating a reliable
                                                                                                                       e-banking services, or other facilities
consumer protection system, fostering a financial
                                                        1.   Bank Mandiri Credit Policy, with the latest               designated by the Bank.                              Bank Mandiri also has a Business Committee and
system that grows sustainably, remains stable,
                                                             amendments signed by the Board of Directors          4.   Obtain interest rates in accordance with the         a Risk Management & Credit Policy Committee
and protects the interests of consumers and the
                                                             and effective since March 7, 2022.                        prevailing regulations at the Bank.                  (RMPC) tasked with evaluating the Bank’s
public.
                                                        2.   Standard Operating Procedure for Credit              5.   Receive information on the procedures for            products and services, including assessing the risks
                                                             Collection & Recovery, last updated in 2022.              handling and resolving customer complaints.          associated with products and services issued by
Since October 2022, Bank Mandiri has established
                                                        3.   Other relevant internal regulations.                                                                           the Bank.
a Consumer Protection unit as mandated by
                                                                                                                  Bank Mandiri prioritizes prudential principles and
Financial Services Authority Regulation No. 22 of
                                                        These regulations generally emphasize debt                periodic portfolio monitoring in processing loan          A comprehensive review of the Business
2023 concerning Consumer and Public Protection
                                                        collection procedures that protect the comfort            disbursement. The application of due diligence            Committee and the Risk Management & Credit
in the Financial Services Sector and Bank
                                                        and rights of debtors as consumers. When debt             steps in the loan granting process is reflected in        Policy Committee (RMPC) is presented in the
Indonesia Regulation No. 3 of 2023 concerning
                                                        collection is carried out by a Debt Collection            the escalation mechanism for loan approval and            Corporate Governance chapter in the section of
Bank Indonesia Consumer Protection, which is
                                                        Service Provider, Bank Mandiri is obligated to            monitoring for large-scale and high-risk debtors.         Committees under the Board of Directors in this
responsible for:
                                                        ensure the following:                                                                                               Annual Report.
                                                                                                                  In the loan granting process, during the Loan
1.   Disseminating consumer protection principles
                                                        1.   Collection is permissible only if the debtor’s       Monitoring stage, the quality of existing debtor          Bank Mandiri has its own internal regulations
     to all employees of financial services providers
                                                             account is classified as non-performing.             loan is reviewed through various methods, one of          governing     the    marketing     communication
     (PUJK).
                                                        2.   The debtor must be informed if their debt            which is the Watchlist mechanism. This mechanism          activities for its products and services. These
2.   Coordinating        the     planning        and
                                                             collection has been handed over to a Debt            serves as an Early Warning Signal to assess the           regulations include provisions on communication
     implementation of PUJK compliance with
                                                             Collection Service Provider.                         quality of credit provided by analyzing three key         materials intended for the public, adhering to
     consumer protection regulations.
                                                        3.   Physical or verbal coercion is strictly prohibited   aspects: the debtor’s future business prospects,          and considering regulatory requirements, such as
3.   Coordinating the monitoring and evaluation
                                                             in debt collection activities.                       financial performance, and repayment history.             OJK Regulation No. 22 of 2023 on Consumer and
     of PUJK compliance with consumer protection
                                                        4.   Collection efforts must not target individuals                                                                 Community Protection in the Financial Services
     regulations.
                                                             other than the debtor.                               If the review process indicates a decline in credit       Sector and the OJK Guidelines on Financial
4.   Reporting on the implementation and
                                                        5.   Communication for collection must not                quality, Bank Mandiri implements a non-performing         Services Advertising. Thereby, the communication
     providing recommendations for improvement
                                                             be conducted in a repetitive or disruptive           loan rescue effort. This initiative focuses on debtors    materials published take into account the
     and development to the Board of Directors
                                                             manner.                                              with non-performing loans who still demonstrate           interests of consumers/customers. In practice, all
     regarding Consumer Protection.
                                                        6.   Collection must only be carried out at the           business potential, operational performance, and          marketing communication activities for products
5.   Coordinating the preparation and submission
                                                             debtor’s billing address or place of residence.      repayment ability. The objective is to minimize           and services are periodically reported to the
     of reports related to Consumer Protection.
                                                        7.   Collection can only be conducted between             potential losses for the Bank and recover the             Board of Directors.
6.   Receiving, handling, and resolving complaints
                                                             08:00 and 20:00 in the debtor’s local time           granted loan effectively.
     submitted by consumers.
                                                             zone.                                                                                                          Bank Mandiri conducts several financial literacy
7.   Preparing complaint handling materials
                                                                                                                  Loan rescue efforts may include restructuring,            programs to enhance public understanding of
     to be included in the annual report, on the
                                                                                                                  which can be applied through the following                finance and banking. These programs include:
     official website, and/or other media officially
                                                                                                                  measures:
     managed by PUJK.




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1.   MSME Livestock Education – “Seizing Business   7.   Empowerment        of    Indonesian      Migrant            •   Mandiri UKMC Objectives: Providing          available in the Bank Mandiri Annual Report
     Opportunities in the Layer Chicken Farming          Workers through the Mandiri Sahabatku                           a platform for MSMEs to access credit       and Sustainability Report under the Sustainable
     Ecosystem.”                                         Entrepreneurship Program.                                       financing more quickly and easily while     Operation chapter.
2.   MSME Education to Support Infrastructure       8.   Financial Literacy Program (SME Group):                         improving their competencies through
     Development.                                        • Mandiri UKM Center (UKMC): A business                         literacy programs, mentoring, and           Moreover, Bank Mandiri provides a complaint
3.   Mandiri Edukasi Program.                                model designed to comprehensively tap                       training, such as tax advisory, financial   submission mechanism for customers who
4.   Education and Socialization of Student                  into the potential of MSME entrepreneurs                    report education, and more.                 encounter transaction difficulties or have other
     Savings Accounts (SIMPEL) and the One                   within a certain radius, particularly in cities                                                         complaints. The bank has established a dedicated
     Account One Student Program (KEJAR).                    contributing significantly to Indonesia’s            Bank Mandiri also conducts various training        unit, the Customer Care Group, to deliver top-
5.   Financial Management and Planning for                   GDP.                                                 programs to enhance employee capabilities          notch service. The primary responsibility of this unit
     Payroll Customers.                                                                                           in providing consumer protection, with details     is to manage customer complaints and monitor
6.   Personal Finance Webinars.                                                                                                                                      their resolution in line with the established Service
                                                                                                                                                                     Level Agreement (SLA).




       CUSTOMER COMPLAINTS HANDLING

                                                                            • RECEIVE
                                                                              COMPLAINTS                                                                        • CONDUCT
                   COMPLAINTS
                   SUBMISSIONS                                              • COMPLAINT                                                                           INVESTIGATIONS
                                                                              INPUT                                                                             • DECISION MAKING




                                                                                                               COMPLAINTS                   UPDATE ON
                                MASS MEDIA, TELEPHONE, EMAIL,                                                    SYSTEM
                                 SOCIAL MEDIA, BRANCH MAIL                                                                             INVESTIGATION RESULTS




                    RECEIVE THE                                            INFORM CUSTOMERS                                                                     UPDATE
                    RESULTS OF THE                                         OF INVESTIGATION                                                                     INVESTIGATION
                    COMPLAINT                                              RESULTS                                                                              RESULTS INTO




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                                                                                                       Privacy and Data Security
     Customers are given easy access to complaint services with various media choices both oral
     and written, such as the following:

                                                                                                       Bank Mandiri prioritizes securing customer data        Futhermore, Bank Mandiri requires a Non-
                                                                                                       privacy as part of fulfiling human rights (HAM)        Disclosure Agreement (NDA) and personal data
     Mandiri Call Service                 Akun Twitter                      MITA WhatsApp              and based on applicable laws and regulations.          protection clauses in cooperation agreements
                                                                                                       The Bank protects customer personal information        for third parties if there is cooperation that uses
     24 hours via Line                                                                                 through the implementation of information              personal data.
                                                                                                       technology     security,    business   processes,


              14000
                                                                                                       organization and physical security. The Bank           As for aspects of personal data protection, Bank
                                          @mandiricare                                                 develops a code of business ethics/conduct             Mandiri, through the Personal Data Protection
                                          and @bankmandiri                 0811-8414-000               including standards for safeguarding confidential      Officer (PPDP) / Data Protection Officer (DPO),
                                                                                                       customer information that must be implemented          also aligns the implementation of data protection
                                                                                                       by employees.                                          in the Mandiri Group Financial Conglomeration
                                                                                                                                                              through monitoring and assistance to Subsidiaries.
                Website                                           Facebook Account
                                                                                                       In line with the implementation of Personal Data       In this case, all Subsidiaries have a privacy policy,
                                                                                                       Protection, Bank Mandiri and Subsidiaries have         and it is listed on their respective corporate
                www.bankmandiri.co.id                             “Mandiri Care” and                   established the basis for processing personal data,    websites.
                by selecting the “Contact us”                     “Bank Mandiri”                       including consent. The Bank ensures that offers will
                menu.                                                                                  only be made in accordance with the approval           Further information regarding privacy and data
                                                                                                       given by the Customer. If the Customer wishes to       security policies (including subsidiaries) can be
                                                                                                       make changes to the marketing agreement for            accessed through each company’s website.
                                                                                                       personal communication facilities, this can be
         Email:                                                                Bank Mandiri            done at any time.
                                                   Instagram Account           Branch Offices
         mandiricare@bankmandiri.co.id.            @bankmandiri                throughout Indonesia



                      An official letter addressed to Bank Mandiri, either delivered
                      directly, or sent by post.




Bank Mandiri also provides a reporting media called Whistleblowing System-Letter to CEO (WBS-LTC) in
addition to the mechanism mentioned above. WBS-LTC is managed by an independent third party with
the following objectives:

1.   Be independent and professional.
2.   Minimize the risk of conflict of interest.
                                                                                                       Mandiri Group is determined to build and update reliable cyber security defenses by developing standard
3.   Provide a sense of security for the whistleblower.
                                                                                                       security requirements as a reference for each subsidiary based on the Bank Mandiri Cyber Security
4.   Increase stakeholder confidence in WBS-LTC management.
                                                                                                       Framework. For each subsidiary, carries out a self-assessment and prepares a compliance action plan if
5.   The whistleblower can monitor the follow-up status of the WBS-LTC report submitted.
                                                                                                       there are gaps with assistance from the CISO Division. Futhermore, the action plans of each subsidiary are
                                                                                                       reported to Bank Mandiri Management by the Directors of the subsidiary to obtain feedback on adapting
Complete information on whistleblowing systems and mechanisms is detailed in this Annual Report -
                                                                                                       Bank Mandiri’s cyber security defenses.
Governance Chapter, and Sustainability Report - Customer Service and Satisfaction Chapter.




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                                                                                                                and correct personal information, open savings        1.   One Page poster containing quotes/
                                                                                                                accounts and use credit cards, cardless cash               sentences inviting employees to be aware of
                                                                                                                withdrawals, select favorite transactions, instant         potential risks and mitigation for implementing
                                                                                                                e-money top-ups, and online shopping payments.             personal data protection.
                                                                                                                In addition, Bank Mandiri ensures customers’ rights   2.   Articles/infographics                containing
                                                                                                                to correct and control their personal data, which          comprehensive explanations of risk issues and
                                                                                                                can be facilitated through all branches or by              tips regarding personal data protection.
                                                                                                                contacting the call center at 14000.                  3.   Comics/Toons with short cartoon characters
                                                                                                                                                                           with light and contemporary daily work
                                                                                                                Bank Mandiri implements Security Awareness                 content.
                                                                                                                Programs to cultivate awareness of information        4.   Short Video containing information, invitations
                                                                                                                security in daily behavior, ultimately embedding it        and awareness regarding the implementation
To harmonize data management across                     1.   Customers are enabled to add, update,              as part of the Bank’s culture. The Bank mandates           of personal data protection and its sanctions.
subsidiaries, including data privacy and security,           and amend (rectify, change, control) their         annual security awareness certifications for all      5.   Education on PDP Approval (Consent) to
the Mandiri Subsidiary Management Principal                  personal data through branches or call             employees (across all levels in both domestic and          customers via social media videos/posters
Guideline (MSMPG) has regulated data                         centers.                                           international offices) and third-party contractors.        Meta, Tiktok, Google-Android & iOS and X.
management that can be adopted and aligned              2.   Implementation of masking for sensitive data       Additionally, the Bank conducts regular security           Video campaign Meta (consent), Tiktok,
by subsidiaries.                                             to enhance data security.                          awareness campaigns through various media                  Google.
                                                        3.   Protection of sensitive data from unauthorized     channels, including newsletters (monthly), posters    6.   The Survey/Checklist contains a brief
Issues and topics related to privacy management,             access through data classification processes.      (quarterly), podcasts (quarterly), and phishing            statement to employees regarding readiness
cybersecurity, and data protection are reported         4.   Prevention of data breaches through the            drills (semi-annually). A security awareness               to implement personal data protection in
and discussed at board-level committees                      implementation of Data Loss Prevention (DLP)       campaign program delivered in the form of                  each work area, both at the Head Office and
and overseen by the Board of Directors and                   tools.                                             newsletters was also provided to all Mandiri               Regional Offices.
Commissioners, including through the Risk               5.   Security awareness and personal data               Group entities as a reference for implementing a      7.   Certified Information Privacy Manager (CIPM)
Management Committee (RMC), Risk Monitoring                  protection awareness are conducted regularly       security awareness campaign within each entity.            training, Good practices for Personal Data
Committee, and the Personal Data Protection                  to educate employees and customers on the          The campaigns cover key topics such as data                Protection and others.
Steering Committee.                                          importance of maintaining the confidentiality      security protection, confidentiality maintenance,     8.   Vendor Meeting which is an annual agenda
                                                             and security of personal data.                     emerging cyberattack trends, identifying and               to strenghten collaboration with strategic
Bank Mandiri’s seriousness in monitoring information    6.   Security Awareness and Personal Data               avoiding phishing scams, and ensuring safe online          partners with several topics presented in the
security is expressed by the direct involvement              Protection Awareness are carried out               transactions.                                              form of Implementation of Personal Data
of the Board of Commissioners and Directors in               periodically to educate employees and                                                                         Protection and Implementation Vendor
this topic through the Risk Oversight Committee,             customers about the importance of                  Bank Mandiri also prioritizes in raising customer          Security Requirements.
Audit Committee and Integrated Governance                    maintaining the confidentiality and security of    security awareness through educational programs       9.   Personal Data Protection Playbook for
Committee which are carried out regularly.                   personal data.                                     delivered via official Bank channels, including            Vendors to make it easier for partners/vendors
The agenda of discussion at the committee               7.   Protection of personal data against loss, leaks,   the Bank’s website, social media platforms                 to carrying out the scope of cooperation
meeting included reporting on ESG initiatives                and damage through adequate security               (Instagram, Facebook, X), and YouTube. For                 related to personal data processing.
in the quarterly Privacy & Data Security aspect,             controls.                                          example, on the Bank Mandiri website, a Digital
multi-layer defense mechanism, and fulfillment of       8.   Data resiliency measures, including backup         Transaction Security section provides guidance
Mandiri Group’s security requirements. in addition           protocols, switchover mechanisms, and              on safeguarding personal data such as PINs, card
it also involves updating the cyber security                 disaster recovery training.                        expiration dates, CVV numbers, card limits, User
posture fulfillment across all Mandiri Group entities                                                           IDs, passwords, and OTPs.
including the implementation of non-negotiable          Bank Mandiri has introduced the Livin’ Super
controls to prevent cyberattacks.                       Apps, equipped with liveness detection and              Bank Mandiri also realizes the importance of
                                                        face recognition features to minimize misuse            Personal Data Protection (PDP). Bank Mandiri
In the aspects of managing the confidentiality          of customer data, enabling secure financial             has made various efforts to educate and
and security of personal data, Bank Mandiri has         transactions through mobile banking. These              increase internal awareness of employees and
established and implemented a Cyber Security            features ensure that customer data is stored            partners/vendors. The increase in awareness and
Framework and Data Protection Framework which           directly in the system without the need for             education in question has been carried out in
are adopted from best practice Key practices            physical documentation. Livin’ users can update         various program including:
include:



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     Training related to Data Privacy and Security
                                                                                                                       For Communities
     Certified Information Privacy Manager (CIPM), Certified Information Systems Auditor
     (CISA), Certified Information Systems Security Professional (CISSP), Certified Cloud                       Financial Inclusion
     Security Professional (CCSP), Building a Cybersecurity Awareness Program, Cybersecurity
     Awareness: Phishing Attacks, Data-Driven Network Security Essentials, Cybersecurity for                    Bank Mandiri actively participates in enhancing
     Executives, ISO 27001:2022-Compliant Cybersecurity: Getting Started, Privacy in the                        financial inclusion by expanding and simplifying        By the end of 2024, Bank
                                                                                                                access to financial services for the community.
     New World of Work, dan sebagainya.
                                                                                                                Improving access to financial services helps
                                                                                                                                                                        Mandiri supported 1.3 million
                                                                                                                reduce economic disparities and promotes                MSME borrowers, benefiting
                                                                                                                more equitable national economic growth. Bank           from MSME loans amounting
     Number of Training             Number of Training Hours            Number of Training Participants         Mandiri’s financial inclusion targets include:
                                                                                                                                                                        to Rp134 trillion, reflecting
     412 Title                      190,502 Hour                        81,929 Employee                         1.
                                                                                                                2.
                                                                                                                     Low-income or irregular-income individuals.
                                                                                                                     Communities having difficulties in accessing
                                                                                                                                                                        a growth of 6.5% from the
                                                                                                                                                                        previous year. This achievement
                                                                                                                     banking services.
                                                                                                                3.   Persons with disabilities.                         was accompanied by a well-
                                                                                                                4.   Workers without legal identification               maintained       non-performing
                                                                                                                     documents.
                                                                                                                5.   Areas with limited access to formal financial      loan (NPL) ratio in the MSME
Bank Mandiri conducts regular audits to provide           Bank Mandiri also facilitates assessments                  networks due to geographical constraints,          segment at 1.4%. The MSME
                                                                                                                     dispersed populations, or low financial
assurance on all information security activities,         conducted by independent external assessors,
                                                                                                                     literacy.
                                                                                                                                                                        loan portfolio accounted for
including customer protection, data privacy, and          namely the National Cyber and Crypto Agency
fraud management, ensuring compliance with                (BSSN), in relation to:                               6.   Marginalized and/or vulnerable groups, such        11% of Bank Mandiri’s total loan
internal policies and regulatory requirements.                                                                       as women and children.                             portfolio.
The audit process encompasses the following               1.   Cyber Security Maturity (CSM) Assessment,        7.   Micro-entrepreneurs having difficulties in
activities:                                                    resulted in a maturity level of 5 – “Optimal”         accessing capital or banking services.
                                                               (the highest score). The CSM assessment,
                                                                                                                To maximize access to banking services and              To deepen its market share, Bank Mandiri offers
1.   Internal Audit                                            developed      by    BSSN,    evaluates   an
                                                                                                                contribute to addressing social inequality, Bank        special packages for MSMEs connected to
     Internal audits are conducted at least once               organization’s    cybersecurity      maturity,
                                                                                                                Mandiri participates in the Financial Inclusion         the Bank’s wholesale customers or ecosystem
     a year by specific IT Security Audit Unit,                including its management and protection of
                                                                                                                Program by providing banking services for MSME          financing. Bank Mandiri’s customers, ranging from
     operating under the supervision of the IT Audit           personal data privacy.
                                                                                                                entrepreneurs, including micro-business operators.      multinational companies and large corporations
     Unit (SKAI – Internal Audit Unit).
                                                                                                                                                                        to State-Owned Enterprises, form the center of

2.   External Audit                                       2.   Incident Handling Maturity Level (TMPI)          MSME Loan Access                                        this ecosystem. MSMEs within the ecosystem
                                                                                                                Micro, Small, and Medium Enterprises (MSMEs)            can benefit from more competitive interest rates
     External audits are carried out at least once             Measurement, achieved a maturity level of
                                                                                                                play a significant role in Indonesia’s economy due      compared to the prevailing Micro Business Loan
     every two years by reputable international                5 – “Optimize” (the highest score). TMPI is a
                                                                                                                to their large proportion and direct absorption         (KUM) Program rates.
     consultants (independent external parties).               tool designed to mapping an organization’s
     These audits also ensure compliance with                  readiness for handling and recovering from       of labor. As the backbone of the economy, the
                                                                                                                government encourages MSME entrepreneurs to             MSME loans are provided in the form of Working
     regulatory requirements, including Bank                   cybersecurity incidents, including detecting
                                                                                                                continue innovating, advancing to higher levels,        Capital Loans and Investment Loans. In addition,
     Indonesia Regulation (PBI) No. 23/6/PBI/2021              and responding to data breaches caused by
                                                                                                                and contributing more significantly to improving        Bank Mandiri offers Micro Business Loans (KUM)
     concerning Payment Service Providers. In                  system vulnerabilities.
                                                                                                                societal economic conditions.                           and participates in the government program by
     2024, an external audit was conducted by an
                                                                                                                                                                        providing People’s Business Loans (KUR) under the
     internationally reputable consultant covering
                                                                                                                Bank Mandiri supports the growth of MSMEs               micro banking segment.
     customer protection, information security,
     data privacy, and fraud management.                                                                        by providing adequate access to financing,
                                                                                                                recognizing that the development of the MSME
                                                                                                                portfolio generates various positive social impacts,
                                                                                                                such as improving living standards, creating jobs,
                                                                                                                and alleviating poverty.


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In the 2024 reporting year, Bank Mandiri              banks and e-wallets. Currently, the Livin’ Merchant
demonstrated its commitment to expanding              app is offered free of charge, with no transaction
financial service access for MSME entrepreneurs       fees. MSME merchants can also withdraw funds          Transforming Coffee Waste into Economic Value,
                                                                                                            Bank Mandiri Launches Mandiri Lingkar Hijau
through a tripartite collaboration with Meratus       on the same day, up to three times per day.
Group and financial technology company
PT Modal Rakyat Indonesia (Modal Rakyat)
to provide financial solutions for the maritime                                                                                                                                             The Mandiri Lingkar Hijau
transportation industry. This initiative, known as    Bank Mandiri’s digital distribution                                                                                                   program collaborates with
‘smart financing,’ is a digital financial product     network innovations consist of                                                                                                        Bell Living Lab, a coffee husk
aimed at logistics SMEs within the Meratus Group                                                                                                                                            waste processing company
ecosystem, enabling easier access to bridging
                                                      the Livin’ App with 29 million                                                                                                        based in Bandung, West
loans needed for working capital in the logistics     registered users; Livin’ Merchant                                                                                                     Java, and the winner of the
business. This tripartite collaboration is part of
                                                      with approximately 2.4 million                                                                                                        Best of the Best award in
Mandiri’s strategy to expand financing access                                                                                                                                               the 2023 Wirausaha Muda
through digital channels. It also serves to enhance   registered    merchants;        the                                                                                                   Mandiri competition.
Bank Mandiri’s MSME loan disbursement in              KOPRA      platform,      currently
Indonesia, particularly in the logistics sector.                                                                                                                                            Bank Mandiri and Bell Living
                                                      utilized by over 95% of Bank                                                                                                          Lab work together on
Digitalization is one of the key issues that MSME     Mandiri’s wholesale customers;                                                                                                        waste collection, research,
entrepreneurs must address. Bank Indonesia
                                                      and 241 Smart Branches,                                                                                                               processing, training, and
(BI) data reveals that during the pandemic, the                                                                                                                                             product marketing. The
number of e-commerce transactions nearly              which represent the digital                                                                                                           program     will  run   until
doubled, rising from 80 million transactions in       transformation of Bank Mandiri’s                      Bank Mandiri has initiated the Mandiri Lingkar Hijau program to process         September 2025, with a
2019 to 140 million transactions in August 2022.                                                            coffee waste into economically valuable products. In addition to                target to collect up to 2.5
This highlights that adapting to e-commerce
                                                      conventional branch offices.                          addressing waste management issues, this initiative also aims to                tons of coffee grounds
transactions based on digital technology has                                                                empower local communities.                                                      per month and 2 tons of
become a necessity for MSMEs, given the vast                                                                                                                                                coffee husks per season for
market opportunities it presents (Bank Indonesia,                                                                                                                                           processing.
2022).

Bank Mandiri has launched the Livin’ Merchant                                                               Financing Balance of Micro, Small and Medium Enterprises Segment
by Mandiri application to expand banking
access for micro-scale productive enterprises.                                                              (Rp Billion)

Livin’ Merchant is a point-of-sale (POS) cashier                                                              No.                           Sectors                            2024         2023               2022
application designed to digitalize payment                                                                        1 Palm Oil Plantations and CPO                                23,296.20    21,651.18           19,278.91
transactions for MSME merchants, enabling them
                                                                                                                  2 Retail Trade of Food, Beverages, and Tobacco                18,671.32    16,881.72           36,772.69
to directly accept QRIS payments from various
                                                                                                                  3 Hotels, Restaurants, and Accommodation                      11,053.79     9,971.93            9,380.37
                                                                                                                  4 Retail Trade of Household Appliances                         9,223.67     8,630.64            8,411.45
                                                                                                                  5 Agriculture                                                  5,520.31     5,722.69            5,491.57
                                                                                                                  6 Non-Financial Business Services                              3,780.32     5,208.41            5,343.10
                                                                                                                  7 Social Services and Institutions                             5,740.39     4,911.95            4,374.70
                                                                                                                  8 Land Transportation Services                                 4,406.21     3,846.86            3,348.76
                                                                                                                  9 Livestock and Animal Feed                                    3,988.75     3,756.88            3,510.38
                                                                                                                 10    Retail Trade of Agricultural and Forestry Products        4,097,73     3,364.03            3,680.76
                                                                                                                 11    Others                                                   43,769.79    41,548.40           37,702.34
                                                                                                                       Total                                                   133,548.48   125,494.69          137,295.03




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Micro Financing Access
Bank Mandiri supports the development of MSME entrepreneurs by enhancing their business
                                                                                                                                   People’s Business Loan (KUR)                          Micro Business Loan (KUM)
competitiveness, which helps drive economic growth and create jobs through Micro Credit Financing.                                                                                       Micro Business Loan (KUM) is a loan facility
                                                                                                                                   People’s Business Loan (KUR) is a working
The disbursement of microcredit to MSMEs is carried out using an upstream-downstream (close-loop)                                                                                        provided to micro-entrepreneurs to finance
                                                                                                                                   capital and/or investment loan provided to
scheme aligned with regional strategies, leveraging the value chain ecosystem of Bank Mandiri’s                                                                                          their productive business needs, including both
                                                                                                                                   individual borrowers, business entities, and/or
wholesale customers.                                                                                                                                                                     investment and working capital requirements. One
                                                                                                                                   productive and viable business groups that lack
                                                                                                                                   or have insufficient additional collateral. The KUR   of the key advantages of KUM is its competitive
                                                                                                                                   program aims to improve access to financing for       interest rates, with fixed monthly installments, easy
                                                                                                                                   MSMEs, enhancing their business capacity and          application requirements, and a quick approval
                                                                                                                                                                                         process.
            Performance of People’s Business Loans (KUR) and Medium                                                                competitiveness.

                                Business Loans                                                                                     As a wholesaler-focused bank, Bank Mandiri has        The disbursement of KUM reflects Bank Mandiri’s
                                                        (Rp Billion)                                                               developed an ecosystem-based KUR distribution         commitment to supporting MSMEs by helping them
                                                                                                                                   strategy. Under this strategy, Bank Mandiri           grow, expand their reach, increase production,
                                                                                                      692,043            765,432
                                                                                                                                   collaborates with its wholesale debtor companies,     and better compete in the market, thereby
                                                                                601,769                                            which then recommend their managed partners           contributing positively to the local economy.
                                                                                                                                   to qualify for KUR financing.
                                                         512,573


                       429,035
                                       467,898                                                                                     Bank Mandiri Offers Three Types of KUR:               Throughout 2024, Bank Mandiri
                                                                                                                                   • Retail KUR, for loan ceilings above Rp25
     389,854
                                                                                                                                      million up to a maximum of Rp200 million per       disbursed Rp26.9 billion in Micro
                                                                                                                                      borrower, with a maximum tenure of 3 years         Business Loans to 351,066 active
                                                                                                                                      for working capital loans and 5 years for
                                                                                                            44,488
                                                                                                                          54,321
                                                                                                                                      investment loans.
                                                                                                                                                                                         borrowers.
                                                                                     38,965
                                                                33,113
                                                                                                                                   • Micro KUR, for loan ceilings up to Rp25 million
                                          27,072                                                                                      per borrower, with a maximum tenure of 2
                             22,595
        17,071                                                                                                                        years.
    6,118            6,126            5,672             6,040                7,424
                                                                                                   10,087            12,345
                                                                                                                                   • KUR for Migrant Workers (KUR TKI), for loan         Financing for Women through MSME
                                                                                                                                      ceilings up to Rp25 million per borrower, with     Loan
      2018              2019            2020               2021                 2022                   2023              2024         a tenure aligned to the employment contract        Women play a significant role in advancing the
                                                                                                                                      or a maximum of 12 months.                         MSME ecosystem in Indonesia. Bank Mandiri
                                                                                                                                                                                         continues to demonstrate its commitment
                                              KUM        KUR             Number of Debtors
                                                                                                                                   By implementing this ecosystem-based KUR              to empowering women entrepreneurs in the
                                                                                                                                   disbursement strategy, MSMEs gain better access       MSME sector by enhancing their business
                                                                                                                                   to financial services, including fast-track KUR       competitiveness, enabling them to actively
                       45%                                                                         55%                             disbursement processes. .                             contribute to economic growth and create new
                                                                                                                                                                                         job opportunities.


                                                                                                                                   Since its inception in 2008
                                                      DEBITUR                                                                      through 2024, Bank Mandiri
                                                                                                                                   has disbursed KUR to 3.02
                   Rp40.8 trillion                      Portfolio                             Rp49.97 trillion
                                                                                                                                   million borrowers with a total
                 555,814 debtors                         Total                            685.145 debtors
                              94.5%              Current Collectability                               95.65%
                                                                                                                                   disbursement ceiling of Rp63.9
                              1.64%                       NPL                                          1.22%                       trillion.

                       Male                                                                        Female




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Over the past five years, Bank Mandiri has maintained a portfolio
                                                                                                                   For Mandirians
of 685,145 active women borrowers in the micro-business sector,
with total loan disbursement of Rp50 trillion through KUR and KUM
products. Women micro-entrepreneurs constitute the majority of
                                                                                                             Activities Supporting The Implementation
Bank Mandiri’s active borrowers, accounting for 55% of the total                                             of Sustainability Strategy
1.24 milion active micro-segment borrowers.                                                                  This program has been reintroduced to realize Bank Mandiri’s commitment to achieving Net Zero Emission
                                                                                                             (NZE) in Operations by 2030. It requires active participation and collaboration from all employees in
                                                                                                             their daily operational activities, including organizing events, meetings, and other activities, to ensure
                                                                                                             alignment with the provided guidelines.


                                                                                                                        NO MORE
The credit quality of women borrowers also           Bank Mandiri actively promotes inclusivity for
outperforms that of male borrowers, with 95.65%      persons with disabilities through the Inclusive
of women borrowers maintaining a current loan        Economic Acceleration Movement, facilitating
status and a Non-Performing Loan (NPL) ratio of      the opening of 10,000 new savings accounts
1.22% as of December 2024. In comparison, male       for individuals with disabilities across West Java,
borrowers have a current loan status of 94.5% and    Central Java, and Yogyakarta. Bank Mandiri
an NPL ratio of 1.64%.                               provides various savings products tailored to the
                                                     needs of potential customers, including Tabungan
Mandiri Makmur Savings (SiMakmur)                    Now, Tabungan Mitra Usaha, and Simpanan
                                                                                                                       Disposable Plastic/                   Leaving food and drink              Using balloons
The SiMakmur service is a personal savings account   Pelajar (SimPel) savings accounts for individuals                 Drinking Water in                                                         and confetti in the
                                                                                                                       Packaging (AMDK)                                                          implementation of
in Indonesian Rupiah, leveraging technology          with disabilities who do not yet have a National
                                                                                                                                                                                                 events
and information through Mandiri Agents to            Identity Number (NIK).
provide banking access to all communities.
SiMakmur offers several benefits, including no       Comprehensive information on Bank Mandiri’s
minimum balance requirement and no monthly           Financial Inclusion is detailed in the Sustainability              SAY YES TO
administration fees. Customers with SiMakmur         Report of Bank Mandiri, which is published
accounts can conveniently perform transactions       concurrently but in a separate publication.
without visiting Bank Mandiri branches, simply by
accessing the nearest Mandiri Agent. SiMakmur
accounts are insured by the Indonesia Deposit
Insurance Corporation (LPS).

                                                                                                                          Using a pitcher/tumbler              Sorting garbage                      Save water
                                                                                                                          to consume drinking                  before disposal                      consumption
                                                                                                                          water




                                                                                                                           Electronic                          Save electricity and                 Using public
                                                                                                                           distribution of                     set the air conditioner              transportation
                                                                                                                           internal documents                  at 23-25C°


                                                                                                                     * Refer to Letter No. DCO/1268/2023 and Letter No. DCO/1269/2023 and Memorandum No. DCO/704/2023 Regarding the
                                                                                                                     Appeal for ESG Program Implementation in order to Achieve Net Zero Emission (NZE) Operations 2030
                                                                                                                     and Guidelines for the Implementation of More Eco-Friendly Activities/ Events/
                                                                                                                     Meetings submitted to Subsidiaries, Regions, and each work unit.




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                                                                                                                                                                                                       SOCIAL PILLAR




Development For                                                Ministry of Education, Culture, Research,
                                                               and Technology, the Ministry of SOEs, and
                                                                                                                 4.   Learning & Development
                                                                                                                      Training and development of Human Capital
                                                                                                                                                                        5.   Performance – Individual Performance
                                                                                                                                                                             Management
Mandirians                                                     Diaspora Indonesia, provides opportunities             capabilities are conducted to support                  An accountable and transparent employee
                                                               for students in their final semesters or recent        business needs. Through these initiatives, each        performance assessment and feedback
Bank Mandiri adopts the Human Capital Life Cycle               graduates.                                             talent is developed in the areas of technical          system.
concept to develop its human resources, aiming               • MyDigital Academy Competitions are                     and leadership capabilities using the engage,
to deliver the best Employee Value Proposition                 a student competition held for selected                expose, and educate mechanisms. For talents       6.   Reward – Total Reward System
(EVP) aligned with the Bank’s Corporate Plan.                  students from the best universities in                 projected as successors, the Bank specifically         A competitive and targeted         employee
The Human Capital Life Cycle at Bank Mandiri                   Indonesia. This program also serves as a               prepares a tailored Individual Development             reward system.
encompasses the following stages:                              form of employer branding and talent                   Plan (IDP) to ensure their readiness.
                                                               scouting activity to recruit the best talent to        Development programs are designed based           7.   Talent & Succession Management
1.   Organization Structure & Capacity –                       work at Bank Mandiri.                                  on assessment results to align the provided            A high-quality and timely talent management
     Organizational Development                                                                                       training with the talent’s profiling.                  and succession system is implemented
     Support for organizational development             3.   Onboarding & Employee Relations – Employee                                                                      through 4 (four) main processes:
     includes activities such as organizational              Onboarding System and Employee Relations                 Specific development programs planned for              • Talent         Classification:   Based    on
     structure design, job evaluation, career                A friendly Employee Onboarding System                    talents include the Leadership Development                performance, leadership characteristics,
     development, planning, and capacity                     and Employee Relations, including new                    Program, scholarships for postgraduate                    ability, agility, and engagement.
     planning.                                               employees and employees rotating to new                  studies both abroad and domestically, and              • Talent Profiling: Evaluating track records,
                                                             work units. As part of the digitalization of the         sharing sessions with top executive leaders               technical and leadership capabilities, and
2.   Recruitment – Human Resource Recruitment                onboarding system, the new onboarding                    from Indonesia and globally. Another program              personality.
     Various programs are implemented to                     process has been made more interactive                   is Mandiri Young Leaders (MYLead), an                  • Talent      Development:       Crafting and
     enhance a reliable Human Capital system,                through gamification-based learning. This                accelerated development program aimed                     executing development plans to address
     sourced both internally and externally, with            process includes 10 learning topics over a               at grooming Bank Mandiri’s future leaders                 capability gaps.
     strategies to attract employees, including:             duration of three months, accessible online.             by sourcing high-potential young talents               • Strategic Talent Review: Monitoring talent
     • MyDigital        Academy          Scholarship                                                                  from within the organization. Moreover, the               development and preparing succession plans.
        collaborates with the top 10 universities                                                                     Bank implements coaching and mentoring
        in Indonesia to provide scholarships from                                                                     programs to enhance leadership talent,            8.   Retire & Exit – Employee Termination and
        Bank Mandiri for outstanding students                                                                         delivered by professional coaches and                  Retirement
        meeting specific criteria. This program                                                                       mentors in their respective fields                     A comprehensive system for employee
        also serves as an effective talent sourcing                                                                                                                          termination and retirement programs.
        channel to recruit the best talent to work
        at Bank Mandiri.
     • Campus Hiring is conducted regularly,
        targeting graduates from various universities
        with the goal of building relationships and
        fostering win-win collaboration to attract
        the best talent from campuses.
     • Internship Program in collaboration with the




PT BANK MANDIRI (PERSERO) TBK                       1194                                                                                                            1195                                 ANNUAL REPORT 2024
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SOCIAL PILLAR                                                                                                                                                                                          SOCIAL PILLAR




Sustainability Culture for Mandirians                                                                       Gender Equity
                                                                                                            Bank Mandiri implements policies aligned with ESG principles, particularly in the social aspect. In this regard,
Bank Mandiri began implementing sustainable           The ESG Group acts as the ESG coordinator
                                                                                                            the Bank has initiatives consistent with the principles of the Respectful Workplace Policy (RWP), specifically
finance by enhancing the capacity of its              within Bank Mandiri and then bankwide, and
                                                                                                            focusing on Human Rights, emphasizing how the company manages and respects human rights within its
employees, known as Mandirians, to master ESG-        collaborates with the Culture Squad in all work
                                                                                                            operations. This includes accepting and treating employees equally, regardless of religious background,
related topics relevant to the Bank’s business.       units managed by the Internal Culture Team.
                                                                                                            ethnicity, race, ethnicity, gender, social/economic status, and disability. The policies promoting equality
This includes developing financial products and       The Culture Squad serves as a liaison to convey
                                                                                                            and diversity are applied from the initial stages of employee recruitment and are further reinforced
services as well as adapting the organization to      information related to ESG in their respective work
                                                                                                            through the training and promotion systems as well as in all aspects of Human Resources management.
integrate ESG principles into banking systems and     environments.
procedures.
                                                                                                            In terms of equality, Bank Mandiri provides equal opportunities for all employees to contribute and
                                                      Throughout     2024,   Bank   Mandiri   actively
                                                                                                            develop their careers, regardless of gender. Bank Mandiri ensures that all employees have the same
The engagement of all Mandirians through the          conducted ESG awareness campaigns within
                                                                                                            opportunities for career advancement, participation in development programs, and promotions to all
development of a sustainability culture is crucial    its internal environment. The agenda covered
                                                                                                            available positions, including the corresponding compensation and benefits.
for driving these changes. This effort starts with    topics such as global and national commitment
building awareness among Mandirians to protect        statements, regulatory requirements, and ESG
and preserve the environment in their daily           implementation across Bank Mandiri in various
activities. Sustainability culture programs include   aspects. Additionally, the campaigns were
enhancing technical capacity and expertise on         aligned with the scope of work of the related         In 2024, female employees constituted 52% of Bank Mandiri’s
ESG topics for all levels of employees and work       units to enhance support for achieving Net Zero
                                                                                                            total workforce. Female positions in management and executive
units through training, workshops, webinars, and      Emissions (NZE) by 2030.
certifications.                                                                                             positions, from the level of Manager to Director, accounted for 46%.
                                                                                                            Meanwhile, the salary and benefits ratio between male and female
                                                                                                            employees is 1:1, determined solely based on performance.


                                                                                                            Bank Mandiri consistently supports its female employees through the Srikandi Mandiri initiative. Activities
                                                                                                            under this initiative include women’s leadership sessions, mentoring programs for female employees, and
                                                                                                            more.




                                                                                                            In 2024, Bank Mandiri employed 38,874 employees, comprising
                                                                                                            52.43% female and 47.64% male, reflecting a 0.2% decrease from
                                                                                                            the previous year’s total of 38,940 employees. Of the total workforce,
                                                                                                            25% of female employees held top-level management positions
                                                                                                            (BOD-1).




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SOCIAL PILLAR
                                                                                                                    GOVERNANCE PILLAR


Bank Mandiri Employee by Employment Status and Gender
                                         2024                           2023                      2022
           Description
                                 Male           Female          Male           Female     Male           Female
 Permanent                           16,616       17,590         16,601          17,762    16,630          18,017
 Contract                             1,713        2,636          1,721           2,416     1,478           1,701
 Trainee                                176          143               244          196          214          136
 Total                               18,505       20,369         18,566          20,374    18,322          19,854




Employee Turnover
The voluntary turnover rate, which stood at 2.63% or a total of 1,024 employees in 2024, marking a decrease
2% compared to the previous year’s rate of 2.68% or a total of 1,044 employees.



Employee Training and Development
In addition to receiving benefits, Bank Mandiri employees are also provided with education and training
opportunities to develop their potential and enhance their competencies.



In 2024, the total number of training participants was 949,438,
with 40,034 employees receiving training, comprising 19,118 male
employees and 20,916 female employees. The total training hours
recorded for 2024 reached 4,315,947 hours, with an average of
107.8 hours/employee.

Comprehensive information on Bank Mandiri’s human resource development is presented in the Human
Capital subsection of this Annual Report.



                                                                                                                    Bank Mandiri aims to become the leading Bank in
                                                                                                                    both domestic and regional markets by continuously
versi inggris :                                                                                                     improving the quality of its governance, guided by the
The voluntary turnover rate, which stood at 2.63% or a total of 1,024 employees in 2024, marking a decrease 2%
                                                                                                                    laws and regulations, ACGS as well as best practices
compared to the previous year’s rate of 2.68% or a total of 1,044 employees.                                        while striving to expand its growth sources.

versi indonesia :

Tingkat perputaran sukarela (voluntary turnover) pegawai yang mencapai 2,63% atau sebanyak 1.024 pegawai pada
tahun 2024, menurun sebesar 2% dibandingkan tahun sebelumnya yang tercatat sebesar 2,68% atau sebanyak 1.044
pegawai. Capaian ini menunjukan upaya berkelanjutan Bank Mandiri dalam mempertahankan pegawai serta men-
jaga retensi yang positif dibandingkan dengan industri sejenis.v
PT BANK MANDIRI (PERSERO) TBK                            1198                                                                                    1199                  ANNUAL REPORT 2024
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GOVERNANCE PILLAR                                                                                                                                                                      GOVERNANCE PILLAR




  Governance Pillar Performance
                                                                                                                                  SUSTAINABILITY GOVERNANCE STRUCTURE


                                     Strengthening ESG Practices
                                                                                                                                   Board of Commissioners / Related Board of
                                                                                                                                   Commissioners Committee
                                                  Establishment of ESG Group as a ‘control tower’
                                                  for ESG implementation at Bank Mandiri

                                                                                                                                   Board of Directors / Related Board
                                                                                                                                   of Directors Committee

  Most Trusted Company                            ESG Implementation in Bank Mandiri is supervised by
                                                  the Vice President Director, with its results reported
                                                  to Risk Management Committee (RMC) and Board                                      ESG Working                  ESG Coordinator Work Unit
      95,30                                       of Commissioners through the Risk Monitoring
                                                  Committee (KPR).
                                                                                                                                    Group
                                                                                                                                                                 ESG Coordinator Work Unit
                                                                                                                                                                 - Business Unit
   Bank Mandiri received                                                                                                                                         - Risk Management Unit
   the title as one of the                                                                                                                                       - Supporting Unit
   top performers in the                                                                                                                                         - Regional Offices I-XII
   Corporate Governance                           Privacy Policy on Bank Mandiri products and all
   & Perception Index                             Subsidiaries
   (CGPI)

                                                                                                           Duties and Responsibilities of the                     Duties and Responsibilities of ESG
   *)Previous Rating: 95.01                                                                                Board of Directors & Board of                          Unit
                                                  Whistleblowing System – Letter to CEO (WBS-LTC)          Commissioners
                                                  managed by an independent external party                                                                        •    Develop ESG frameworks, commitments,
                                                                                                                                                                       roadmaps, and targets.
                                                                                                           •   Monitor and evaluate the Company’s
                                                                                                                                                                  •    Monitor Bank Mandiri’s sustainable portfolio
                                                                                                               compliance with its Articles of Association,
                                                                                                                                                                       (in line with POJK 51/2017) and report based
                                                                                                               regulatory authority provisions, and other laws
                                                                                                                                                                       on the Indonesia Green Taxonomy.
                                                                                                               and regulations related to Risk Management.
                                                                                                                                                                  •    Drive the development of Sustainable Finance
                                                                                                           •   Provide recommendations to the President
                                                                                                                                                                       products and services.
                                                                                                               Director on the formulation of policies,
                                                                                                                                                                  •    Integrate ESG key performance indicators
                                                                                                               strategies, and guidelines for implementing
                                                                                                                                                                       (KPIs) across all units.
                                                                                                               Risk Management.
                                                                                                                                                                  •    Ensure ESG disclosures align with best
ESG GOVERNANCE                                                                                                                                                         practices.
                                                                                                                                                                  •    Internalize ESG awareness among all
                                                                                                                                                                       employees.
Bank Mandiri adopts a comprehensive approach to sustainability management, integrating ESG topics
                                                                                                                                                                  •    Align ESG aspects with all business processes
within its sustainable finance framework to achieve the sustainability vision: “Becoming Indonesia’s
                                                                                                                                                                       and internal policies.
Sustainability Champion for A Better Future.”
                                                                                                                                                                  •    Prepare ESG performance reports for the
                                                                                                                                                                       Board of Commissioners and Board of
To realize this vision, the Bank has established governance bodies that oversee the planning, decision-
                                                                                                                                                                       Directors, presented at the GMS.
making, monitoring, evaluation, and implementation of ESG strategies across the organization. A summary
of the structure and roles of the Bank’s primary governance bodies is as follows:




PT BANK MANDIRI (PERSERO) TBK                     1200                                                                                                       1201                                  ANNUAL REPORT 2024
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GOVERNANCE PILLAR                                                                                                                                                                           GOVERNANCE PILLAR




Sustainable Finance Responsibility                                                                          ESG Management and Oversight

The Board of Directors holds full responsibility for   Bank Mandiri has established a new unit, the         The Company ensures effective ESG governance aligns with stakeholder expectations. ESG governance
establishing the Company’s sustainability direction    ESG Group, as part of its sustainable finance        is continuously monitored to ensure that sustainability considerations are fully integrated into the
(Framework, Commitment, Strategy, Initiatives,         implementation framework. This initiative is in      Company’s overall governance structure. Bank Mandiri has established clear objectives for addressing
Roadmap) concerning climate change and the             accordance with SK/KOM/05.2/2022 dated 18            ESG-related issues effectively, in compliance with applicable laws and regulations, while considering
achievement of Sustainable Development Goals           July 2022, and formalized through the Board          global ESG practices and banking initiatives.
(SDGs). This is realized through the Sustainable       of Directors Decree KEP.DKP/32/2022 dated 12
Finance Action Plan (RAKB) 2025-2029, approved         September 2022. The ESG Group is designated as       Specifically in climate risk management, the Board of Directors involves the Risk Management Committee
by the Board of Commissioners, and submitted to        the responsible entity for sustainable finance, as   (RMC) while the supervision is carried out by the Board of Commissioners through the Risk Monitoring
regulators in November each year.                      mandated by POJK-51/2017. This Group replaces        Committee (KPR). Climate risk monitoring is carried out through Board of Directors meetings, RMC, and
                                                       the previous sustainable finance task force,         ESG Forum at least six times a year.
Each member of the Board of Directors ensures          functioning as a full-time, permanent unit.
the implementation of the RAKB and the                                                                      In its implementation, the Board of Commissioners and the Board of Directors delegates the responsibility
management of relevant ESG topics within their         The ESG Group serves as the control tower for        of managing climate change risks and opportunities to the ESG Unit, with direct supervision by the Deputy
respective directorates, following the timelines set   ESG implementation across Bank Mandiri and all       President Director and reporting to RMC and KPR. The ESG Unit report is submitted regularly to the Board of
in the RAKB. The integration and coordination of       its subsidiaries. Led by a Senior Vice President,    Directors and the Board of Commissioners. In addition, the Board of Directors is actively involved in climate
ESG topic management fall under the specific           the unit operates under the authority of the Vice    risk, participating in discussions on climate change and ESG issues, including involvement in Climate Risk
authority of the Vice President Director, executed     President Director of the Company. The daily         Stress Testing (CRST). Collaboration with policymakers, in this case the Financial Services Authority (OJK), is
by the ESG Group with the following scope:             functions of the ESG Group include managing          one of the main drivers in Bank Mandiri’s climate strategy.
                                                       the ESG framework, aligning regulations with
•   Management of the ESG Framework,                   ESG and climate change issues, overseeing
•   Alignment of regulations with ESG and climate      sustainable portfolio management, formulating
    change issues,                                     responsible operational strategies, and handling
•   Management of the sustainable portfolio,           communication and reporting to both internal
•   Strategies for responsible operations,             and external stakeholders.
•   Communication and reporting functions for
    internal and external stakeholders.




PT BANK MANDIRI (PERSERO) TBK                      1202                                                                                                         1203                                    ANNUAL REPORT 2024
Page 324
In 2024, Bank Mandiri
successfully increased
its TJSL fund distribution
by 43%, reaching
Rp250 billion, through
the implementation
of various initiatives to
ensure the achievement
of targets outlined in the
SDGs.




                                 SOCIAL AND
                             ENVIRONMENTAL
                               RESPONSIBILITY
Page 325
SOCIAL AND ENVIRONMENTAL                                                                                 SOCIAL AND ENVIRONMENTAL RESPONSIBILITY

RESPONSIBILITY COMMITMENTS
                                                                                                                      COMMITMENTS AND POLICIES


AND POLICIES                                                 Bank      Mandiri   reaffirms   its   unwavering      micro, small, and medium enterprises (MSMEs).
                                                             commitment to implementing Corporate Social           By strengthening synergies with stakeholders and
                                                             and Environmental Responsibility (TJSL) programs,     leveraging cutting-edge technology, the Bank
                                                             reflecting its dedication to global sustainability    ensures its programs are impactful and adaptive
                                                             goals and Indonesia’s national priorities. In 2024,   to changing social and environmental dynamics.
                                                             the Bank adopts a forward-thinking approach,
                                                             embedding international best practices and            This commitment underscores Bank Mandiri’s
                                                             aligning with contemporary trends that prioritize     leadership in balancing economic growth
                                                             resilience, innovation, and inclusivity. Through      with social and environmental responsibilities,
                                                             the integration of global frameworks, such as         reaffirming its role as a catalyst for sustainable
                                                             the Sustainable Development Goals (SDGs) and          progress. These efforts also align with Indonesia’s
                                                             Environmental, Social, and Governance (ESG)           vision for achieving equitable development and
                                                             principles, Bank Mandiri seeks to contribute          carbon neutrality, positioning Bank Mandiri as
                                                             meaningfully to the holistic development of           a key partner in shaping a resilient, sustainable
                                                             communities, economic empowerment, and                future for the nation and beyond
                                                             environmental stewardship.

                                                             Bank Mandiri TJSL initiatives are strategically
                                                             designed to address critical global and national
                                                             issues, including climate change mitigation,
                                                             poverty alleviation, equitable access to education
                                                             and healthcare, and fostering innovation for




                                                             TJSL Implementation Policy
                                                             Aligned with Ministry of State-Owned Enterprises (SOEs) Regulation No. 01/MBU/03/2023, Bank Mandiri
                                                             implements its TJSL programs based on ISO 26000, adopting the Creating Shared Value (CSV) concept.
                                                             This approach emphasizes shared benefits and values tailored to current developments and needs.
                                                             By doing so, Bank Mandiri TJSL initiatives aim to deliver optimal benefits for social and environmental
                                                             development, contribute to added value for the Company, and empower micro and small enterprises to
                                                             grow stronger and more independent.


Bank Mandiri are consistently committed to balancing
economic growth with social responsibility and               ISO 26000 Standard Principle
environmental stewardship. Through impactful and
forward-thinking initiatives, we continually contribute to        01 Human Rights                                                     Consumer
                                                                                                                                      Issues
                                                                                                                                                          04
a sustainable future that aligns with global goals and
supports Indonesia’s national aspirations for equitable
and inclusive development.                                        02       Manpower
                                                                           Practices
                                                                                                                                      Environment
                                                                                                                                                          05
                                                                                                          Organization
                                                                                                          Governance                  Community

                                                                  03       Fair Business
                                                                           Practices
                                                                                                                                      Engagement &
                                                                                                                                      Development
                                                                                                                                                          06


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        SOCIAL AND ENVIRONMENTAL RESPONSIBILITY




TJSL LEGAL REFERENCES                                                                                                                                                                 TJSL PILLARS


TJSL programs and activities are carried out by referring to the Bank’s Mission and in line with ESG aspects.
The TJSL program is also carried out based on various regulations, including:

1.   Law No. 7 of 1992 concerning Banking as has been amended with Government Regulation in Lieu of
     Law No. 2 of 2022 concerning Job Creation.
2.   Law No. 19 of 2003 concerning State-Owned Enterprises as last amended by Government Regulation
     in Lieu of Law No. 2 of 2022 concerning Job Creation.
3.   Law No. 40 of 2007 concerning Limited Liability Companies as last amended by Government
     Regulation in Lieu of Law No. 2 of 2022 concerning Job Creation;
4.   Government Regulation No. 47 of 2012 concerning Social and Environmental Responsibility of Limited
     Liability Companies;
5.   Regulation of the Minister of State-Owned Enterprises of the Republic of Indonesia No. PER-1/
     MBU/03/2023 dated 24 MArch 2023 concerning the Corporate Social and Environmental Responsibility
     Program for State-Owned Enterprises.




                                                                                                                The strategic initiatives of Bank Mandiri TJSL are structured based on four main pillars: social, environmental,
                                                                                                                economic, and legal and governance. These pillars align with Minister of SOEs Regulation No. PER-01/
                                                                                                                MBU/03/2023 on Social and Environmental Responsibility Programs of SOEs.


TJSL PRINCIPLES                                                                                                  TJSL PILLARS



Referring to the Regulation of the Minister of SOEs, four principles guide the systematic and integrated
implementation of TJSL programs to ensure their performance aligns with priorities and work plans. These
                                                                                                                                Environmental
                                                                                                                                                        01      For sustainable management of natural resources and
                                                                                                                                                                the environment as a support for all life

four principles are:

1.   Integrated. Based on risk analysis and business processes that are interconnected with stakeholders;                                                       To achieve quality economic growth through sustainable
2.
3.
     Directed. Having a clear direction to achieve the Bank’s objectives;
     Measurable impact. Contributing to and providing benefits that create change or added value for
                                                                                                                                 Economy
                                                                                                                                                        02      employment and business opportunities, innovation,
                                                                                                                                                                inclusive industries, adequate infrastructure, clean energy
                                                                                                                                                                and supported by partnerships
     stakeholders and the Bank.
4.   Accountability. Ensuring accountability to prevent potential misuse or irregularities.


                                                                                                                                                        03
                                                                                                                                                                To realize legal certainty and effective, transparent,
                                                                                                                                Legal &                         accountable, and participatory governance to create
                                                                                                                                Governance                      security stability and achieve a state based on law




                                                                                                                                 Social
                                                                                                                                                        04      To achieve the fulfillment of quality human rights in a fair
                                                                                                                                                                and equal manner to improve welfare for all communities




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TJSL PROGRAM STRATEGY                                                                                                                                                 PURPOSE OF TJSL


Through its various TJSL programs, Bank Mandiri is committed to enhancing community welfare by                       The objectives of Bank Mandiri TJSL Program are:
fostering opportunities for local economic activities. By empowering community members, both fund                    1. Realizing a harmonious relationship between the Bank and the community.
owners and users, the programs aim to facilitate transactions that contribute to the growth of the national          2. Helping the growth and development of micro, small and medium enterprises that are independent,
economy. To maximize the impact, Bank Mandiri conducts comprehensive assessments to identify the                         resilient, and competitive with professional management.
specific potentials and needs of local communities, ensuring that its initiatives are targeted and effective.        3. Developing a pattern of coaching micro, small and medium enterprises, by prioritizing aspects of
                                                                                                                         equity, independence, professionalism, and ethics.
In alignment with this commitment, Bank Mandiri has strategically allocated and realized its TJSL budget             4. Maintaining environmental sustainability, and helping to improve the quality of life of the community
for the 2024 reporting year. The budget is categorized according to Bank Mandiri TJSL pillars, as detailed               which includes the areas of education, health and wellbeing.
below:




Budget Allocation According to TJSL Pillars – 2024

                                TJSL Pillars                                        Target (Rp)                                                                            SCOPE OF TJSL
                                                                                                                                                                           BANK MANDIRI
Social                                                                                            112,000,000,000
Economy                                                                                            82,500,000,000
Environment                                                                                        52,500,000,000
Legal & Governance                                                                                  3,000,000,000
Total                                                                                           250,000,000,000
                                                                                                                     Bank Mandiri TJSL programs are implemented with targeted beneficiaries, including communities
                                                                                                                     surrounding the Bank’s operational areas and the broader public selected strategically. In 2024, Bank
                                                                                                                     Mandiri TJSL activities are focused on three main areas: Education, Environment, and MSE Development.

Budget Realization of Bank Mandiri TJSL 2024

                                                                  Achievement                2024
    TJSL Pillar                     Support to SDGs                  (Total
                                                                                  Realization        Allocation
                                                                   Programs)

                                                                                     Rp112.02             Rp112
 Social PIllar                                                         492
                                                                                        Billion            Billion



 Economy PIllar                                                        343
                                                                                      Rp82.50
                                                                                        Billion
                                                                                                          Rp82.5
                                                                                                           Billion
                                                                                                                        TJSL MANAGEMENT STRUCTURE
 Environmental                                                                        Rp52.51             Rp52.5
                                                                       348
 Pillar                                                                                 Billion            Billion   Bank Mandiri TJSL program is managed by the Corporate Social Responsibility Department under the
                                                                                                                     Corporate Secretary Group. SEVP Corporate Relations who is under the supervision of the President
 Legal &                                                                                                             Director is in charge of the TJSL programs.
                                                                                       Rp3.00              Rp3.0
 Governance                                                            12
                                                                                        Billion            Billion
 Pillar
 Total                                                                               Rp250.03             Rp250
                                                                      1,195
                                                                                        Billion           Billion




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TJSL 2024 ACHIEVEMENTS                                                                                                                                                              BANK MANDIRI TJSL PROGRAM




In 2024, Bank Mandiri’s commitment to implementing TJSL programs and achieving SDGs was recog-                                  Rumah BUMN (RB) Bank Mandiri
nized through various awards from third parties, including:
                                                                                                                                Priorities: MSE Development                           SDGs Category
                                                         Awards
 No.       Date                                                                                              Awarding
                            Award Name                                Category
 1     March 2024    Indonesia CSR Excellence    1. The Best Leadership Focus Commitment on CSR      First Indonesia Magazine
                     Awards 2024                 2. Excellence Community Program Award The Best
                                                    CSR in MSME Program The Best Integrated CSR
                                                    Awards
 2     April 2024    Kelana Wastra 2024          Largest B2B Transaction Volume Category             Ministry of SOEs
 3     May 2024      Development of              Contribution in Driving the Transmigration Area     Ministry of Villages,
                     Disadvantaged Regions       of South Sumatra Province as a Competitive          Development of
                     and Transmigration of the   Transmigration Area                                 Disadvantaged Regions
                     Republic of Indonesia                                                           and Transmigration
 4     May 2024      TOP CSR Awards 2024         1. TOP CSR Awards 2024 on Stars 5                   Top Business
                                                 2. TOP Leader on CSR Commitment                                                Urban Festival
 5     June 2024     Bisnis Indonesia (BISRA)    Gold Champion Social Responsibility to Accelerate   Business Indonesia 2024
                     2024                        Stronger Recovery Category
                                                                                                                                Priorities: MSE Development                           SDGs Category
 6     July 2024     Derap Kerja Sama Jakarta    1. Community Empowerment Category                   DKI Jakarta Provincial
                     Award                       2. Categories Environment                           Government
 7     July 2024     National Family Day         Implementation of the Stunting Control Program in   National Population and
                                                 the Gunung Kidul Region                             Family Planning Board
                                                                                                     (BKKBN)
 8     September     7 Most Popular Brand of     Social Program/Community Development Category       Jawa Pos
       2024          The Year 2024
 9     October       Trade Expo Indonesia        Best Booth Category more than 100 m of Trade        Ministry of Trade
       2024                                      Expo Indonesia 2024
 10    October       CSR Awards 2024, Impact     Most Impactful Program on Health and Education      Investor Trust
       2024          Symphony: “Corporate
                     Social Responsibility
                     Appreciation Night 2024”
                                                                                                                                Aksi Bersih Mandiri



BANK MANDIRI TJSL PROGRAM
                                                                                                                                Priorities: Environment                               SDGs Category




The following are several flagship TJSL programs carried out by the Bank during 2024:

Bank Mandiri Flagship TJSL Program Highlights – January to December 2024

 Wirausaha Muda Mandiri (WMM)

Priorities: MSE Development                                                         SDGs Category
                                                                                                                                Urban Livin

                                                                                                                                Priorities: Education, Environment and MSE            SDGs Category
                                                                                                                                            Development




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BANK MANDIRI TJSL PROGRAM                                                                                                BANK MANDIRI TJSL PROGRAM




Mudik Bersama Mandiri                                                    Sentra Pengolahan Beras Terpadu (SPBT)

Priorities: Social, MSE Development                      SDGs Category   Priorities: MSE Development                       SDGs Category




Mandiri Sahabat Desa                                                     Mandiri Sahabatku

Priorities: Social, MSE Development                      SDGs Category   Priorities: MSE Development                       SDGs Category




Mandiri Sehat                                                            Mandiri Lingkar Hijau

Priorities: Social, Environment                          SDGs Category   Priorities: Environment and MSE Development       SDGs Category




Mandiri Sahabat Difabel                                                  Mandiri Air

Priorities: MSE Development                              SDGs Category   Priorities: Environment, Social                   SDGs Category




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BANK MANDIRI TJSL PROGRAM                                                  TJSL PROGRAM PERFORMANCE

Beasiswa Mandiri                                                         Mandiri Bersama Mandiri Program
Priorities: Education                                    SDGs Category   The Mandiri Bersama Mandiri program is a Social and Environmental Responsibility (TJSL) initiative aimed at
                                                                         supporting community empowerment and fostering sustainable economic development in Indonesia. It
                                                                         emphasizes collaboration and innovative approaches to developing community self-reliance, ultimately
                                                                         shaping economically independent Indonesian communities.

                                                                         The program targets several key objectives, including improving the economic welfare of communities
                                                                         across Indonesia, empowering economic activities, enhancing financial literacy, promoting sustainable
                                                                         community development, and providing tangible support for the government’s National Economic
                                                                         Recovery (PEN) program. These targets reflect Bank Mandiri’s commitment to the priority goals of the
                                                                         Sustainable Development Goals (SDGs), particularly Goal 8: “Decent Work and Economic Growth.”


Tanggap Bencana                                                          The program encompasses 14 distinct activities, which are detailed as follows:

Priorities: Social, Environment                          SDGs Category

                                                                         1. Wirausaha Muda Mandiri (WMM)
                                                                             Wirausaha Muda Mandiri (WMM) is Bank Mandiri’s flagship program, initiated in 2007, designed to
                                                                             support the government’s efforts in fostering entrepreneurship in Indonesia, particularly among the
                                                                             younger generation. Entrepreneurs serve as a vital role in a nation’s economy and are considered a
                                                                             key indicator of its economic progress.

                                                                             The main objective is to form a community of young entrepreneurs who continue to synergize in Bank
                                                                             Mandiri and government programs, thereby succeeding as role models for the new generation of
Mandiri Berbagi Kebaikan                                                     Indonesian youth entering the entrepreneurial world.


Priorities: Social                                       SDGs Category       Carrying the tagline Inspire, Innovate, Impact, the WMM Program is expected to continuously create
                                                                             young entrepreneurs with the ability to find effective solutions to problems or challenges and the
                                                                             capability to adapt to new changes or situations.


                                                                             In its implementation in 2024, WMM registration attracted more than 3,700 participants
                                                                             under the Business Existing category. The program aims to support young entrepreneurs
                                                                             who are eager to pursue entrepreneurship, helping them further develop their businesses,
                                                                             gain access to business networks, and acquire the knowledge and skills needed to succeed
                                                                             in the business world.


Pembangunan Sarana dan Prasarana Umum

Priorities: Social, Environment                          SDGs Category   2. Rumah BUMN (RB) Bank Mandiri
                                                                             Rumah BUMN (RB) is an enhancement of the Rumah Kreatif BUMN (RKB) program, with primary goal
                                                                             to increase the capacity and capability of MSMEs. This initiative aims to create excellent and quality
                                                                             MSMEs in Indonesia.

                                                                             The targeted goals are to enhance MSMEs to upgrade to a higher level and produce superior and
                                                                             high-quality products and packaging designs that can compete both nationally and internationally.




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TJSL PROGRAM PERFORMANCE                                                                                                                                                TJSL PROGRAM PERFORMANCE




     Rumah BUMN functions include MSME Development, Provincial-Level Disaster Response Units,
     Co-Working Space, Millennial Basecamp, and Provision of KUR/KUM.                                            In 2024, Bank Mandiri organized these initiatives at several locations, including the
                                                                                                                 Indonesian National Team match at Gelora Bung Karno (GBK) and the Mandiri Jogja
                                                                                                                 Marathon, as well as providing Recycling Vending Machines, Garbage Boats, and Waste
     Bank Mandiri has been entrusted by the Ministry of SOEs to establish Rumah BUMN since                       Collection Vehicles. These efforts contributed to reducing plastic waste, with more than
     2017. In 2024, Bank Mandiri had successfully established 23 Rumah BUMN, supporting a                        3.5 tons of waste collected across three locations, while engaging over 150 community
     total of 15,101 MSMEs in various locations, ranging from Kampar Regency (Riau Province)                     members to raise awareness about cleanliness and environmental responsibility.
     to Bintuni (West Papua Province), as well as major cities such as Jakarta, Bogor, Medan,
     Semarang, and Surabaya. Activities conducted at Rumah BUMN include the Rumah BUMN
     Entrepreneur Week, as well as acceleration programs aimed not only at MSMEs but also
     at Rumah BUMN facilitators, such as certified coaching training. In 2024, over 100 training               5. Urban LIVIN
     sessions were held across all Rumah BUMN managed by Bank Mandiri.
                                                                                                                 Urban Livin is a movement to encourage             The target of this program aligns with the
                                                                                                                 urban communities to live better, be more          Sustainable Development Goals (SDGs) of No
                                                                                                                 environmentally friendly, and care more for        Poverty, Quality Education, Decent Work and
     Bank Mandiri measures and evaluates the social impact of Rumah BUMN activities. In 2024, social             others, with a focus on sub-urban areas to         Economic Growth, Sustainable Cities and
     impact measurement was conducted using the Social Return on Investment (SROI) method at                     create a more prosperous society through           Communities, and Responsible Consumption
     Rumah BUMN Jakarta Selatan and Rumah BUMN Medan. The SROI values were 3.9 for Rumah BUMN                    the pillars of environment, education, and         and Production.
     Jakarta Selatan and 4.06 for Rumah BUMN Medan.                                                              economy.
                                                                                                                                                                    Throughout 2022–2023, the Graduation of
                                                                                                                 Urban Livin consists of two interrelated           Kejar Paket A, B, and C programs was held
3. Urban Festival                                                                                                programs: Mandiri Pilah Sampah and Mandiri         with a total of 242 students. The equivalency
                                                                                                                 Sekolah Kejar Paket. Mandiri Pilah Sampah          education organized by Bank Mandiri has
     A business growth acceleration program for MSMEs focusing on sustainability aspects through training        is a program emphasizing organic waste             been Accredited A by BAN PNF. Learning
     and incubation programs for curated Rumah BUMN participants. During the Urban Festival, 20 finalist         management using biodigester machines              activities are conducted regularly in
     MSMEs from Rumah BUMN were selected after a curation process. Out of these, 5 winners will receive          and engaging communities to produce eco-           collaboration with Local Champions to
     development grants.                                                                                         enzymes. Through this program, communities         support daily activities until students receive
                                                                                                                 are encouraged to sort and manage                  their diplomas. The program locations
     The goal is to provide recognition and appreciation to outstanding MSMEs that can serve as                  waste independently, resulting in positive         are spread across Sub-District Mampang
     “representatives” of Bank Mandiri’s MSMEs, demonstrating growth through network development                 environmental, social, and economic                Prapatan, Sub-District Kebon Baru, and Sub-
     and market access.                                                                                          impacts by establishing waste banks.               District Tanjung Barat. Currently, the Kejar
                                                                                                                                                                    Paket A, B, and C programs are ongoing
     The Urban Festival activity attracted more than 5,000 MSMEs to participate in the MSME acceleration         Through this activity, Mandiri Sekolah Kejar       with approximately 200 students enrolled.
     program. All Urban Festival 2024 winners who received business capital utilized the funds to meet their     Paket was established to provide greater           This program is a collaborative initiative
     operational and production process needs.                                                                   benefits to the community. It is a non-            with alumni of the Wirausaha Muda Mandiri
                                                                                                                 formal education program designed for              program.
                                                                                                                 those who were unable to complete their
4. Aksi Bersih Mandiri                                                                                           formal education. This program offers the
                                                                                                                 community an opportunity to obtain an
     Aksi Bersih Mandiri is a program designed to promote cleanliness and environmental preservation.            education equivalent to formal schooling
     This initiative engages Bank Mandiri employees and the surrounding community working together               through three levels: Paket A (equivalent to
     to conduct clean-up activities in various locations and events that require special attention to            elementary school), Paket B (equivalent to
     cleanliness.                                                                                                junior high school), and Paket C (equivalent
                                                                                                                 to senior high school) for communities around
     Through this program, Bank Mandiri aims not only to create a positive impact on the environment but         waste banks.
     also to drive the community to be more aware of cleanliness and the importance of maintaining a
     healthy environment. Aksi Bersih Mandiri is also combined with environmental awareness campaigns,
     such as reducing plastic waste, promoting recycling, and educating on better waste management
     practices.




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TJSL PROGRAM PERFORMANCE                                                                                                                                                    TJSL PROGRAM PERFORMANCE




6. Mudik Bersama Mandiri                                                                                      8. Mandiri Sehat
     As a form of social responsibility, Bank Mandiri organizes a Mudik Bersama program for the community       Mandiri Sehat is a program by Bank Mandiri focused on improving community health, particularly in
     and employees near the company’s environment. This free homecoming initiative is a mandatory               areas that require additional healthcare support.
     social activity by Bank Mandiri ahead of the Eid al-Fitr celebrations, directly benefiting the general
     public.                                                                                                    The program aims to create healthier and more prosperous communities through various healthcare
                                                                                                                services and health-related education initiatives.
     The objectives of this activity include providing assistance to people who wish to return to their
     hometowns using public transportation, particularly those connected to Bank Mandiri, including
                                                                                                                Throughout 2024, several activities were carried out, including Bakti Kesehatan for the
     customers and internal employees in need, as a reflection of Bank Mandiri’s care for the community
     surrounding the company.
                                                                                                                Abdi Dalem Ngayogyakarta, providing healthcare facilities and infrastructure such as
                                                                                                                24 ambulances, supporting 688 Posyandu (integrated health posts), organizing blood
                                                                                                                donation conducted 4 (four) times a year across all regions, deploying disaster response
     During the Mudik Bersama BUMN held on April 4 - 6, 2024, Bank Mandiri successfully                         vehicles, and other related activities.
     facilitated the homecoming of 6,525 travelers using 145 buses conducted in
     collaboration with several institutions.

                                                                                                              9. Mandiri Sahabat Difabel
7. Mandiri Sahabat Desa
                                                                                                                Mandiri Sahabat Difabel is a Corporate Social Responsibility (CSR) program initiated by Bank Mandiri
     Mandiri Sahabat Desa is a program initiated by Bank Mandiri with the aim of empowering communities         to provide support and enhance the quality of life for individuals with disabilities.
     in Indonesia, particularly in the areas of economy, finance, and skills development.
                                                                                                                The program aims to empower people with disabilities by providing various facilities and opportunities
     This program is expected to support the goal of creating more self-reliant, prosperous villages with       that enable them to actively participate in society and the workforce.
     economic resilience, enabling rural communities to contribute sustainably to national economic
     development.
                                                                                                                Several activities were carried out in 2024, including providing access to financial literacy,
                                                                                                                training/education, and empowering Sahabat Difable to gain equal access, with Bank
     In 2024, Bank Mandiri provided various forms of assistance focusing on public infrastructure,              Mandiri having mentored more than 200 MSMEs with disabilities.
     education, MSME support, health, and social welfare. These included financial literacy
     training, the construction of clean water facilities such as communal public toilets (MCK),
     the provision of clean water sources in the form of solar-powered water pump equipment,
     street lighting using solar panels, solar panels for uninhabitable homes, social services in the
     form of basic food packages, community clean-up activities, the provision of integrated                  10. Integrated Rice Processing Center (SPBT)
     waste management facilities for youth organizations, school supplies for children, free
     health services for the community, stunting prevention packages, and MSME support in
     the form of equipment for women fisherfolk and repairs for fishing boats for the community.
                                                                                                                SPBT is Bank Mandiri’s concrete effort to              livelihoods, boost rural purchasing power,
     One of the Mandiri Sahabat Desa program activities was carried out in Morowali, Central
                                                                                                                enhance inclusiveness and the welfare of               break supply chains that disadvantage
     Sulawesi, from May 20-22, 2024.                                                                            local farmers. It involves building physical           farmers, and reduce poverty in the area.
                                                                                                                infrastructure such as facilities, providing
                                                                                                                equipment and tools for rice processing,
                                                                                                                                                                       Bank Mandiri has established Integrated
                                                                                                                and introducing institutional innovations for
                                                                                                                farmers.
                                                                                                                                                                       Rice Processing Centers (SPBT) in three
                                                                                                                                                                       locations: Pamarican, Kebumen, and
                                                                                                                The SPBT aims to establish a unified rural             Jembrana.
                                                                                                                agricultural-based economic strength. This
                                                                                                                initiative is expected to improve farmers’




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11. Mandiri Sahabatku
                                                                                                              14. Mandiri Scholarship
      A series of entrepreneurship training activities for Indonesian Migrant Workers (PMI) that has been
      conducted since 2011.                                                                                     The Mandiri Scholarship by Bank Mandiri is an educational assistance program aimed at supporting
                                                                                                                outstanding and high-potential students in Indonesia.
      The target audience is PMIs, with the hope that upon their return to Indonesia, they will have
      entrepreneurship skills and be able to become self-reliant entrepreneurs. The training is provided        This program seeks to nurture a generation of competent and highly competitive youth who can
      not only to PMIs but also to their families.                                                              contribute to Indonesia’s future progress.


      In 2024, training was provided to more than 2,200 Migrant Workers (PMI) and Former                        In 2024, Bank Mandiri awarded scholarships to the National Flag Hoisting Troop (Paskibraka),
      Migrant Workers (Purna PMI) across 6 (six) countries, including Hong Kong, Malaysia, South                children of TNI Polri personnel, and provided other educational scholarships.
      Korea, Japan, Indonesia, and Saudi Arabia. In addition to offline and online training, a
      mentorship program was also implemented in collaboration with alumni of the Young
      Entrepreneurs Program (WMM) and Rumah BUMN. This initiative provides continuous
      mentoring and training for selected migrant workers and their families.



12. Mandiri Lingkar Hijau
     Mandiri Lingkar Hijau is a corporate social responsibility program by Bank Mandiri aimed at supporting
     environmental sustainability.

     The program focuses on processing waste into economically valuable products. In addition to
     addressing waste management issues, it is also designed to empower local communities


     In 2024, the Mandiri Lingkar Hijau Program empowered more than 50 farmers, 40 coffee
     shops, 20 vocational school students, and alumni of the Mandiri Young Entrepreneurs
     Program. This initiative successfully processed 2.5 tons of coffee waste through activities
     including waste collection, research, processing, training, and product marketing. Through
     the Mandiri Lingkar Hijau Program, Bank Mandiri is committed to actively contributing to
     environmental sustainability while driving the community to be more aware of nature
     conservation for future generations.



13. Mandiri Air
       Mandiri Air is one of Bank Mandiri’s corporate         Through Mandiri Air, Bank Mandiri is
       social responsibility programs focused                 committed to supporting public health and
       on improving access to clean water and                 enhancing the quality of life by providing
       proper sanitation in various regions of                adequate access to clean water.
       Indonesia. This program is designed to
       assist communities facing difficulties in
       accessing clean water, particularly in areas
                                                            In 2024, this program was implemented in
       where sanitation infrastructure remains a
       challenge.
                                                            17 villages across 4 regencies, providing
                                                            access to clean water for 3,719 families.




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TJSL PROGRAM PERFORMANCE                                                                                                                                                        TJSL PROGRAM PERFORMANCE




Bangkit Bersama Mandiri Program                                                                                       In   its  implementation,    Bank  Mandiri            4. Bank Mandiri Anniversary Celebration:
                                                                                                                      coordinated with the National Disaster                   Provided educational support to 2,600
This CSR program addresses societal issues, focusing on social, health, education, and environmental                  Management Agency (BNPB), the Ministry of                orphans and organized Mandiri Affordable
matters, as well as the development of public facilities and infrastructure. The objective is to deliver benefits     SOEs, and local governments to ensure that               Markets, offering 70,200 social packages
that enhance the lives and welfare of the community. This aligns with Bank Mandiri’s commitment to fulfilling         every disaster response action created a                 at low prices to underprivileged families.
its social function through initiatives such as assistance for natural and non-natural disasters, education,          positive and optimal impact.                             This initiative was carried out with the
health improvement, infrastructure development, religious facilities, environmental conservation, and                                                                          involvement of Bank Mandiri employees
social empowerment to alleviate poverty.                                                                                                                                       across its regional offices.
                                                                                                                    2. Mandiri Berbagi Kebaikan                             5. Christmas Celebrations: Distributed over
The aim is to provide benefits that enhance the lives and welfare of the community. This aligns with                                                                           2,000 gift packages to orphanages and
Bank Mandiri’s commitment to fulfilling its social function through initiatives such as aid for natural and           MMandiri Berbagi Kebaikan is a program by                nursing homes.
non-natural disasters, education, health improvement, infrastructure development, religious facilities,               Bank Mandiri aimed at helping those in need,
environmental conservation, and community empowerment to alleviate poverty. This goal is also aligned                 especially during major occasions such as
with the priority target of the SDGs, specifically Goal 10: Reduced Inequalities.                                     Ramadan, Eid al-Adha, Christmas, and other         3. 
                                                                                                                                                                            Public      Facilities    And
                                                                                                                      major holidays.                                       Infrastructure Construction
The program’s activities in 2024 consisted of 3 (three) main initiatives, detailed as follows:
                                                                                                                      This program reflects Bank Mandiri’s                  The Public Facilities and Infrastructure
                                                                                                                      commitment to supporting social welfare               Development          assistance  program      by
                                                                                                                      and helping to reduce the burdens of                  Bank Mandiri represents a commitment of
1. Disaster Response                                                                                                  communities, particularly in areas requiring          its Corporate Social Responsibility (CSR)
                                                                                                                      assistance.                                           initiatives. This program is aimed at supporting
                                                                • Disaster Response for Flood in Demak
     This program focuses on emergency disaster                                                                                                                             infrastructure development across various
                                                                  Regency through Yayasan Tlogo Pandan
     response actions in collaboration with all                                                                       In 2024, Bank Mandiri conducted several               regions in Indonesia, particularly in areas
                                                                • Disaster Response for Flash Flood and
     relevant stakeholders.                                                                                           Mandiri    Berbagi Kebaikan   activities,             where such facilities are critically needed.
                                                                  Landslide in Lebong Regency, Bengkulu
                                                                                                                      including:                                            Through this program, Bank Mandiri provides
                                                                • Disaster Response for Flood in Belopa,
     The objective of this program is to accelerate                                                                                                                         infrastructure that improves the quality of life
                                                                  Luwu Regency
     disaster impact management for affected                                                                          1. Ramadan Blessings: Distributed gifts to            for communities and supports sustainable
                                                                • Disaster Response for Earthquake in
     communities by fulfilling their basic needs                                                                         57,000 orphans and underprivileged                 social and economic development.
                                                                  Sumedang Regency
     during and after the disaster.                                                                                      individuals during the holy month of
                                                                • Disaster Response for Flash Flood in Pesisir
                                                                                                                         Ramadan.                                           The program focuses on addressing
                                                                  Selatan Regency, West Sumatra
     Throughout 2024, Bank Mandiri played an                                                                          2. Eid      al-Adha    Sacrifice   Distribution:      inadequate public facilities, such as bridges,
                                                                • Disaster Response for Flood in Sepaku
     active role in disaster response efforts by                                                                         Delivered 5,000 cans of sacrificial meat to        rural roads, sanitation systems, places of
                                                                  District, Penajam Paser Utara Regency
     distributing approximately 16,000 packages,                                                                         remote islands and disaster-stricken areas         worship, and uninhabitable homes.
                                                                • Disaster Response for Flood in Gorontalo
     including food and health supplies, to the                                                                          such as Mount Ruang in North Sulawesi,
                                                                  Regency
     following locations:                                                                                                Agam Regency in West Sumatra, Bontang              In 2024, Bank Mandiri developed public
                                                                • Disaster Response for Mount Lewotobi
                                                                                                                         in East Kalimantan, Morowali in Southeast          facilities, including 132 places of worship
                                                                  Eruption, East Flores, NTT
     • Disaster Response for Mount Merapi                                                                                Sulawesi, and Mentawai in West Sumatra,            consisting of mosques, churches, and
                                                                • Disaster Response for Fire in Manggarai,
       Eruption, West Sumatra                                                                                            as well as distributed 278,100 packages            temples, road repairs at 78 locations,
                                                                  South Jakarta
     • Disaster Response for Flood in Kerinci,                                                                           of sacrificial meat across all Bank Mandiri        renovations and construction of community
                                                                • Disaster Response for Flash Flood and
       Jambi                                                                                                             operational regions.                               halls at 38 locations, and the development of
                                                                  Galodo in Tanah Datar and Agam
     • Disaster Response for Flood in Humbang                                                                         3. Mandiri Jogja Marathon: Organized a CSR            other public infrastructure.
                                                                  Regencies
       Hasundutan Regency, North Sumatra                                                                                 initiative, the Shoe Donation Dropbox,
                                                                • Disaster Response for Flood in Lolulamo
     • Disaster   Response      for   Flood  in                                                                          collecting approximately 300 pairs of
                                                                  Village, Central Halmahera Regency
       Karanganyar, Demak Regency, Central                                                                               wearables used shoes from participants
                                                                • Disaster Response for Flood in Ogan
       Java                                                                                                              during race pack collection. These shoes
                                                                  Komering Ulu Regency, South Sumatra
     • Disaster Response for Flood in Grobogan                                                                           were distributed to underprivileged
                                                                • Disaster Response for Flood in Kudus
       Regency, Central Java                                                                                             communities, including pedicab drivers,
                                                                  Regency
     • Disaster   Response      for   Flood  in                                                                          horse cart drivers, sanitation workers, and
       Ciledugkulon Village, Cirebon Regency                                                                             street vendors.
     • Disaster Response for Flood in North
       Sulawesi




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DISBURSEMENT OF TJSL FUNDS                                                                                                                     KINERJA PROGRAM TJSL




In 2024, Bank Mandiri realized a total of Rp250 billion for its Corporate Social and Environmental
Responsibility (TJSL) programs. The funds were distributed across various initiatives :



TJSL Program Budget Allocation for Community Development Program


                      Program                                     Unit                     2023                     2024
 Charitable Donations                                              %                                42.35                       44.80
 Community Investments                                             %                                53.65                       54.00
 Commercial Initiatives                                            %                                 4.00                        1.20
 Total                                                             %                                 100                         100


Jenis Kontribusi TJSL

                    Contribution Types                                   Unit                2023                    2024
 Cash Contribution*                                                Rp million                               0                       0
 In-Kind Giving**                                                  Rp million                       174.67                  250.03
 Management Overhead                                               Rp million                         9.63                       6.56

* Bank Mandiri does not provide direct cash assistance to the public. All CSR contributions are carried out through community
   development programs and strategic infrastructure projects.
** Total funds realized from CSR programs




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CONFORMITY OF THE                                                                                                              CONFORMITY OF THE IMPLEMENTATION OF CORPORATE GOVERNANCE

IMPLEMENTATION OF CORPORATE
                                                                                                                                    TOWARDS THE ASEAN CORPORATE GOVERNANCE SCORECARD


GOVERNANCE TOWARDS
THE ASEAN CORPORATE
GOVERNANCE SCORECARD
      Level                              Principles and Recommendations                              Presentation     Level                              Principles and Recommendations                                      Presentation

 A.           Rights and Equitable Treatment of Shareholders                                                                  Does the company give the opportunity for shareholders to place item/s on the
                                                                                                                    A.2.15    agenda of general meetings and/or to request for general meetings subject to a                     619
 A.1          Basic Shareholder Rights                                                                                        certain percentage?
              Does the company pay (interim and final/annual) dividends in an equitable and                                   Markets for corporate control should be allowed to function in an efficient and
              timely manner; that is, all shareholders are treated equally and paid within 30 days                  A.3
                                                                                                                              transparent manner.
 A.1.1        after being (i) declared for interim dividends and (ii) approved by shareholders at      439-440
              general meetings for final dividends? In case the company hasoffered Scrip dividend,                            In cases of mergers, acquisitions and/or takeovers requiring shareholders’ approval,
              did the company paid the dividend within 60 days.                                                     A.3.1     does the board of directors/commissioners of the company appoint anindependent                     432
                                                                                                                              party to evaluate the fairness of the transaction price?
              Right to participate effectively in and vote in general shareholder meetings and
 A.2          should be informed of the rules, including voting procedures, that govern general                               The exercise of ownership rights by all shareholders, including institutional investors,
                                                                                                                    A.4
              shareholder meetings.                                                                                           should be facilitated.

              Do shareholders have the opportunity, evidenced by an agenda item, to approve                                   Does the company disclose its practices to encourage shareholders to engage with
                                                                                                                    A.4.1                                                                                                        615
 A.2.1        remuneration (fees, allowances, benefit-in-kind and other emoluments) or any             614, 625               the company beyond general meetings?
              increases in remuneration for the non-executive directors/commissioners?
                                                                                                                    A.5       Shares and voting rights
              Does the company provide non-controlling shareholders a right to nominate
 A.2.2                                                                                                613 - 614               Where the company has more than one class of shares, does the company publicise
              candidates for board of directors/commissioners?
                                                                                                                    A.5.1     the voting rights attached to each class of shares (e.g. through thecompany website              613-615
 A.2.3        Does the company allow shareholders to elect directors/commissioners individually?      613 - 614               / reports/ the stock exchange/ the regulator’s website)?

 A.2.4        Does the company disclose the voting procedures used before the start of meeting?          619        A.6       Notice of AGM

              Do the minutes of the most recent AGM record that the shareholders were given the                               Does each of the resolutions tabled at the most recent annual general meeting deal          619, 620, 621,622,
 A.2.5        opportunity to ask questions and the questions raised by shareholders and answers       623 - 631               with only one item, i.e., there is no bundling of several items into the same resolution?   623, 624, 625, 626,
                                                                                                                    A.6.1
              given recorded?                                                                                                                                                                                             627, 628 629, 630,
                                                                                                                                                                                                                                  631
              Does the company disclose the voting results including approving, dissenting, and
 A.2.6                                                                                                623 - 631
              abstaining votes for all resolutions/each agenda item for the most recent AGM?                                  Are the company’s notice of the most recent AGM/circulars fully translated into
                                                                                                                    A.6.2                                                                                                 619, 620, 621, 622
                                                                                                                              English and published on the same date as the local-language version?
              Does the company disclose the list of board members who attended the most recent
 A.2.7                                                                                                621 - 622
              AGM?                                                                                                            Does the notice of AGM/circulars have the following details:

              Does the company disclose that all board members and the CEO (if he is not aboard                               Are the profiles of directors/commissioners (at least age, academic qualification,
 A.2.8                                                                                                621 - 622
              member) attended the most recent AGM?                                                                 A.6.3     date of first appointment, experience, and directorships in other listed companies) in           619-622
                                                                                                                              seeking election/re-election included?
 A.2.9        Does the company allow voting in absentia?                                                 623
                                                                                                                                                                                                                          623, 632, 643, 645,
              Did the company vote by poll (as opposed to by show of hands) for all resolutions at                  A.6.4     Are the auditors seeking appointment/re-appointment clearly identified?                     666, 684, 692, 723,
 A.2.10                                                                                                  622
              the most recent AGM?                                                                                                                                                                                             880-884
              Does the company disclose that it has appointed an independent party (scrutineers/                    A.6.5     Were the proxy documents made easily available?                                                  619-621
 A.2.11                                                                                                  623
              inspectors) to count and/or validate the votes at the AGM?
                                                                                                                    A.7       Insider trading and abusive self-dealing should be prohibited
              Does the company make publicly available by the next working day the result of the
 A.2.12                                                                                                  623
              votes taken during the most recent AGM/EGM for all resolutions?                                                 Are the directors/commissioners required to report their dealings in company shares         180-187, 744-745,
                                                                                                                    A.7.1
                                                                                                                              within 3 business days?                                                                           761
 A.2.13       Does the company provide at least 21 days’ notice for all AGMs and EGMs?                   619
                                                                                                                    A.8       Related party transactions by directors and key executives
              Does the company provide the rationale and explanation for each agenda item
 A.2.14       which require shareholders’ approval in the notice of AGM/circulars and/or the             619                  Does the company have a policy requiring a committee of independent directors/
              accompanying statement?                                                                               A.8.1     commissioners to review material RPTs to determine whether they are in the best                  444-455
                                                                                                                              interests of the company and shareholders?




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      Level                             Principles and Recommendations                                    Presentation         Level                              Principles and Recommendations                                       Presentation

              Does the company have a policy requiring board members (directors/commissioners)                                         Boards should assess whether the company’s capital structure is compatible with
 A.8.2        to abstain from participating in the board discussion on a particular agenda when               N/A                      its strategic goals and its associated risk appetite to ensure it is resilient to different
              they are conflicted?                                                                                                     scenarios

              Does the company have policies on loans to directors and commissioners either                                  B.3.1     Does the company disclose that the board reviews on an annual basis that the
 A.8.3        forbidding this practice or ensuring that they are being conducted at arm’s length               455                     company’s capital and debt structure is compatible with its strategic goals and its               427-429
              basis and at market rates?                                                                                               associated risk appetite?

 A.9          Protecting minority shareholders from abusive actions                                                                    The corporate governance framework should recognise the rights of stakeholders
                                                                                                                             B.4       established by law or through mutual agreements and encourage active co-
              Does the company disclose that RPTs are conducted in such a way to ensure that                                           operation between corporations and stakeholders in creating wealth, jobs, and the
 A.9.1                                                                                                  586, 613, 614, 617
              they are fair and at arms’ length?                                                                                       sustainability of financially sound enterprises
              In case of related party transactions requiring shareholders’ approval, is the decision                                  Does the company disclose a policy and practices that address:
 A.9.2                                                                                                       444-455
              made by disinterested shareholders?
                                                                                                                             B.4.1     The existence and scope of the company’s efforts to address customers’ welfare?                 Sustainability
 B.           Sustainability and Resilience                                                                                                                                                                                               Report
              Sustainability-related disclosure should be consistent, comparable and reliable, and                           B.4.2     Supplier/contractor selection procedures?                                                       Sustainability
 B.1          include retrospective and forward-looking material information that a reasonable             1152-1158                                                                                                                      Report
              investor would consider important in making an investment or voting decision
                                                                                                                             B.4.3     The company’s efforts to ensure that its value chain is environmentally friendly or is          1152-1158 &
              Material Sustainability-related information should be specified                                                          consistent with promoting sustainable development?                                              Sustainability
                                                                                                                                                                                                                                          Report
 B.1.1        Does the company identify/report ESG topics that are material to the organization’s
                                                                                                           1152-1158
              strategy?                                                                                                      B.4.4     The company’s efforts to interact with the communities in which they operate?                   1152-1158 &
                                                                                                                                                                                                                                       Sustainability
 B.1.2        Does the company identify climate change as an issue?                                        1152-1158
                                                                                                                                                                                                                                          Report
 B.1.3        Does the company adopt an internationally recognized reporting framework or
                                                                                                                             B.4.5     The company’s anti-corruption programmes and procedures?                                             937
              standard for sustainability (i.e. GRI, Integrated Reporting, SASB, IFRS Sustainability       1152-1158
              Disclosure Standards)?                                                                                         B.4.6     How creditors’ rights are safeguarded?                                                              1178
              If a company publicly sets a sustainability-related goal or target, the disclosure                             B.4.7     Does the company have a separate report/section that discusses its efforts on                   1152-1158 &
              framework should provide that reliable metrics are regularly disclosed in an easily                                      environment/economy and social issues?                                                          Sustainability
              accessible form                                                                                                                                                                                                             Report
 B.1.4        Does the company disclose quantitative sustainability target?                               1152-1158 &        B.5       Where stakeholder interests are protected by law, stakeholders should have the
                                                                                                          Sustainability               opportunity to obtain effective redress for violation of their rights
                                                                                                             Report
                                                                                                                             B.5.1     Does the company provide contact details via the company’s website or Annual
 B.1.5        Does the company disclose sustainability-related performance progress in relation to        1152-1158 &                  Report which stakeholders (e.g. customers, suppliers, general public etc.) can use to            1178-1183
              its previously set targets?                                                                 Sustainability               voice their concerns and/or complaints for possible violation of their rights?
                                                                                                             Report
                                                                                                                             B.6       Mechanisms for employee participation should be permitted to develop
 B.1.6        Does the company confirm that its Sustainability Report / Reporting is reviewed and /       1152-1158 &
              or approved by the Board or Board Committee?                                                Sustainability     B.6.1     Does the company explicitly disclose the policies and practices on health, safety and           1152-1158 &
                                                                                                             Report                    welfare for its employees?                                                                      Sustainability
                                                                                                                                                                                                                                          Report
 B.2          Corporate governance frameworks should allow for dialogue between a company,
              its shareholders and stakeholders to exchange views on sustainability matters                                  B.6.2     Does the company explicitly disclose the policies and practices on training and
                                                                                                                                                                                                                                         500-538
                                                                                                                                       development programmes for its employees?
 B.2.1        Does the company engage internal stakeholders to exchange views and gather                  Sustainability
              feedback on sustainability matters that are material to the business of the company?           Report          B.6.3     Does the company have a reward/compensation policy that accounts for the
                                                                                                                                                                                                                                         500-538
                                                                                                                                       performance of the company beyond short-term financial measures?
 B.2.2        Does the company engage external stakeholders to exchange views and gather                  Sustainability
              feedback on sustainability matters that are material to the business of the company?           Report          B.7       Stakeholders including individual employee and their representative bodies, should
                                                                                                                                       be able to freely communicate their concerns about illegal or unethical practices to
 B.3          The corporate governance framework should ensure that boards adequately                                                  the board and their rights should not be compromised for doing this
              consider material sustainability risks and opportunities when fulfilling their key
              functions in reviewing, monitoring and guiding governance practices, disclosure,                               B.7.1     Does the company have a whistle blowing policy which includes procedures for
              strategy, risk management and internal control systems, including with respect to                                        complaints by employees and other stakeholders concerning alleged illegal and
                                                                                                                                                                                                                                         944-947
              climate-related physical and transition risks                                                                            unethical behaviour and provide contact details via the company’s website or
                                                                                                                                       annual report?




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   Level                               Principles and Recommendations                                   Presentation       Level                             Principles and Recommendations                                   Presentation

 B.7.2      Does the company have a policy or procedures to protect an employee/personwho                                C.3.4     Does the company publicly disclose [i.e. annual report or other publicly disclosed
                                                                                                          944-947
            reveals alleged illegal/unethical behaviour from retaliation?                                                          documents] the details of remuneration of each of the executive directors and CEO             738-747
                                                                                                                                   [if he/she is not a member of the Board]?
 C.         Disclosure and Transparency
                                                                                                                         C.4.      Disclosure of related party transactions (RPT)
 C.1        Transparent ownership structure
                                                                                                                         C.4.1     Does the company disclose its policy covering the review and approval of material
 C.1.1      Does the information on shareholdings reveal the identity of beneficial owners,                                                                                                                                      444-454
                                                                                                          176-187                  RPTs?
            holding 5% shareholding or more?
                                                                                                                         C.4.2     Does the company disclose the name, relationship, nature and value for each
 C.1.2      Does the company disclose the direct and indirect (deemed) shareholdings of major                                                                                                                                    444-454
                                                                                                          176-187                  material RPTs?
            and/or substantial shareholders?
                                                                                                                         C.5       Directors and commissioners’ dealings in shares of the company
 C.1.3      Does the company disclose the direct and indirect (deemed) shareholdings of
                                                                                                      135-147, 176-187
            directors (commissioners)?                                                                                   C.5.1     Does the company disclose trading in the company’s shares by insiders?                   598, 654, 927, 943

 C.1.4      Does the company disclose the direct and indirect (deemed) shareholdings of senior                           C.6       External auditor and Auditor Report
                                                                                                      135-147, 176-187
            management?
                                                                                                                                   Where the same audit firm is engaged for both audit and non-audit services
 C.1.5      Does the company disclose details of the parent/holding company, subsidiaries,
                                                                                                          190-206        C.6.1     Are the audit and non-audit fees disclosed?                                                226, 880-883
            associates, joint ventures and special purpose enterprises/ vehicles (SPEs)/ (SPVs)?

 C.2        Quality of Annual Report                                                                                     C.6.2     Does the non-audit fee exceed the audit fees?                                              226, 880-883

            Does the company’s annual report disclose the following items:                                               C.7       Medium of communications

 C.2.1      Corporate objectives                                                                          176-187                  Does the company use the following modes of communication?

 C.2.2      Financial performance indicators                                                              176-187        C.7.1     Quarterly reporting                                                                      660-664, 759-791

 C.2.3      Non-financial performance indicators                                                      135-147, 176-187   C.7.2     Company website                                                                             92-93, 926

 C.2.4      Dividend policy                                                                           135-147, 176-187   C.7.3     Analyst’s briefing                                                                              40

 C.2.5      Biographical details (at least age, academic qualifications, date of first appointment,                      C.7.4     Media briefings /press conferences                                                              926
            relevant experience, and any other directorships of listed companies) of directors/           190-206
                                                                                                                         C.8       Timely filing/release of annual/financial reports
            commissioners
                                                                                                                         C.8.1     Are the audited annual financial report / statement released within 120 days                    923
            Corporate Governance Confirmation Statement
                                                                                                                                   from the financial year end?
 C.2.6      Does the Annual Report contain a statement confirming the company’s full                                                                                                                                               923
                                                                                                                         C.8.2     Is the annual report released within 120 days from the financial year end?
            compliance with the code of corporate governance and where there is non-                      558-615
            compliance, identify and explain reasons for each such issue?                                                C.8.3     Is the true and fairness/fair representation of the annual financial statement/reports
                                                                                                                                                                                                                               1265-1277
                                                                                                                                   affirmed by the board of directors/commissioners and/or the relevant officers of the
 C.3.       Remuneration of Members of the Board and Key Executives
                                                                                                                                   company?
 C.3.1      Is there disclosure of the fee structure for non-executive directors/commissioners?           738-747
                                                                                                                         C.9       Company website
 C.3.2      Does the company publicly disclose [i.e. annual report or other publicly disclosed
                                                                                                          738-747                  Does the company have a website disclosing up-to-date information on the following:
            documents] details of remuneration of each non-executive director/commissioner?
                                                                                                                         C.9.1     Financial statements/reports (latest quarterly)                                           240 & Website
 C.3.3      Does the company disclose its remuneration (fees, allowances, benefit-in-kind
            and other emoluments) policy/practices (i.e. the use of short term and long-term              738-747        C.9.2     Materials provided in briefings to analysts and media                                     240 & Website
            incentives and performance measures) for its executive directors and CEO?
                                                                                                                         C.9.3     Downloadable annual report                                                                240 & Website

                                                                                                                         C.9.4     Notice of AGM and/or EGM                                                                  240 & Website

                                                                                                                         C.9.5     Minutes of AGM and/or EGM                                                                 240 & Website

                                                                                                                         C.9.6     Company’s constitution (company’s by-laws, memorandum and articles of
                                                                                                                                                                                                                             240 & Website
                                                                                                                                   association)




PT BANK MANDIRI (PERSERO) TBK                           1232                                                                                                                    1233                                        ANNUAL REPORT 2024
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   Level                               Principles and Recommendations                                    Presentation       Level                            Principles and Recommendations                                  Presentation

 C.10       Investor relations                                                                                            D.2.11    Does the company disclose the terms of reference/ governance structure/charter of
                                                                                                                                                                                                                               694-705
                                                                                                                                    the Nominating Committee?
 C.10.1     Does the company disclose the contact details (e.g. telephone, fax, and email) of
                                                                                                           867-869
            the officer/office responsible for investor relations?                                                        D.2.12    Is the meeting attendance of the Nominating Committee disclosed and if so, did the
                                                                                                                                                                                                                               694-705
                                                                                                                                    Nominating Committee meet at least twice during the year?
 D.         Responsibilities of the Board
                                                                                                                                    Remuneration Committee / Compensation Committee
            Board Duties and Responsibilities
                                                                                                                          D.2.13    Does the company have a Remuneration Committee?                                            694-705
            Clearly defined board responsibilities and corporate governance policy
                                                                                                                          D.2.14    Is the Remuneration Committee comprised entirely of non-executive directors/
 D.1.1      Does the company disclose its corporate governance policy / board charter?                     642-643                                                                                                             694-705
                                                                                                                                    commissioners with a majority of independent directors/commissioners?
 D.1.2      Are the types of decisions requiring board of directors/commissioners’ approval                               D.2.15    Is the chairman of the Remuneration Committee an independent director/
                                                                                                             647                                                                                                               694-705
            disclosed?                                                                                                              commissioner?
 D.1.3      Are the roles and responsibilities of the board of directors/commissioners clearly                            D.2.16    Does the company disclose the terms of reference/ governance structure/charter of
                                                                                                           665-687                                                                                                             694-705
            stated?                                                                                                                 the Remuneration Committee?
            Corporate Vision/Mission                                                                                      D.2.17    Is the meeting attendance of the Remuneration Committee disclosed and, if so, did
                                                                                                                                                                                                                               694-705
                                                                                                           98-105                   the Remuneration Committee meet at least twice during the year?
 D.1.4      Does the company have an updated vision and mission statement?
                                                                                                                                    Audit Committee
 D.1.5      Does the board of directors play a leading role in the process of developing and
                                                                                                            69-88
            reviewing the company’s strategy at least annually?                                                           D.2.18    Does the company have an Audit Committee?                                                  681-693
 D.1.6      Does the board of directors have a process to review, monitor and oversee the                                 D.2.19    Is the Audit Committee comprised entirely of non-executive directors/commissioners
                                                                                                            69-88                                                                                                              681-693
            implementation of the corporate strategy?                                                                               with a majority of independent directors/commissioners?
 D.2        Board structure                                                                                               D.2.20    Is the chairman of the Audit Committee an independent director/commissioner?               681-693
            Code of Ethics or Conduct                                                                                     D.2.21    Does the company disclose the terms of reference/governance structure/charter of
                                                                                                                                                                                                                               681-693
                                                                                                           927-936                  the Audit Committee?
 D.2.1      Are the details of the code of ethics or conduct disclosed?
                                                                                                                          D.2.22    Does at least one of the independent directors/commissioners of the committee
 D.2.2      Are all directors/commissioners, senior management and employees required to                                                                                                                                       681-693
                                                                                                           927-936                  have accounting expertise (accounting qualification or experience)?
            comply with the code/s?
                                                                                                                          D.2.23    Is the meeting attendance of the Audit Committee disclosed and, if so, did the Audit
 D.2.3      Does the company have a process to implement and monitor compliance with the                                                                                                                                       681-693
                                                                                                           927-936                  Committee meet at least four times during the year?
            code/s of ethics or conduct?
                                                                                                                          D.2.24    Does the Audit Committee have primary responsibility for recommendation on the
            Board Structure & Composition                                                                                                                                                                                      681-693
                                                                                                                                    appointment, and removal of the external auditor?
 D.2.4      Do independent directors/commissioners make up at least 50% of the board of
                                                                                                           657-659        D.3       Board Processes
            directors/commissioners?
                                                                                                                                    Board meetings and attendance
 D.2.5      Does the company have a term limit of nine years or less or 2 terms of five years* each
            for its independent directors/ commissioners?                                                                 D.3.1     Are the board of directors meeting scheduled before the start of financial year?           660-662
                                                                                                           657-659
            *) The five years term must be required by legislation which pre-existed theintroduction
            of the ASEAN Corporate Governance Scorecard in 2011                                                           D.3.2     Does the board of directors/commissioners meet at least six times during the year?         660-662

 D.2.6      Has the company set a limit of five board seats that an individual independent/non-        654-656, 754-755   D.3.3     Has each of the directors/commissioners attended at least 75% of all the board
                                                                                                                                                                                                                               660-662
            executive director/commissioner may hold simultaneously?                                                                meetings held during the year?

                                                                                                                          D.3.4     Does the company require a minimum quorum of at least 2/3 for board decisions?             660-662
 D.2.7      Does the company have any executive directors who serve on more than twoboards
                                                                                                           135-167
            of listed companies outside of the group?                                                                     D.3.5     Did the non-executive directors/commissioners of the company meet separately at
                                                                                                                                                                                                                               660-662
                                                                                                                                    least once during the year without any executives present?
            Nominating Committee
                                                                                                                                    Access to information
 D.2.8      Does the company have a Nominating Committee?                                                  694-705
                                                                                                                          D.3.6     Are board papers for board of directors/commissioners’ meetings provided to the
                                                                                                                                                                                                                               660-662
 D.2.9      Is the Nominating Committee comprised of a majority of independent directors/                                           board at least five business days in advance of the board meeting?
                                                                                                           694-705
            commissioners?
                                                                                                                          D.3.7     Does the company secretary play a significant role in supporting the board in
                                                                                                                                                                                                                               848-866
 D.2.10     Is the chairman of the Nominating Committee an independent director/                                                    discharging its responsibilities?
                                                                                                           694-705
            commissioner?


PT BANK MANDIRI (PERSERO) TBK                            1234                                                                                                                  1235                                        ANNUAL REPORT 2024
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   Level                              Principles and Recommendations                                    Presentation       Level                               Principles and Recommendations                               Presentation

 D.3.8      Is the company secretary trained in legal, accountancy or company secretarial                                D.4.4       Are the roles and responsibilities of the chairman disclosed?                          135, 642-646
                                                                                                          848-866
            practices and has kept abreast on relevant developments?
                                                                                                                                     Lead Independent Director
            Board Appointments and Re-Election
                                                                                                                         D.4.5       If the Chairman is not independent, has the Board appointed a Lead/Senior
                                                                                                                                                                                                                                 135
 D.3.9      Does the company disclose the criteria used in selecting newdirectors/commissioners?          649, 754                   Independent Director and has his/her role been defined?

 D.3.10     Did the company describe the process followed in appointing new directors/                                               Skills and Competencies
                                                                                                      649-653, 755-762
            commissioners?
                                                                                                                         D.4.6       Does at least one non-executive director/commissioner have prior working
                                                                                                                                                                                                                               135-162
 D.3.11     Are all directors/commissioners subject to re-election every 3 years; or 5 years for                                     experience in the major sector that the company is operating in?
            listed companies in countries whose legislation prescribes a term of 5* years each?
                                                                                                      649-653, 755-762   D.5         Board Performance
            *)The five years term must be required by legislation which pre-existed theintroduction
            of the ASEAN Corporate Governance Scorecard in 2011.
                                                                                                                                     Directors Development
            Remuneration Matters                                                                                                                                                                                          135-162, 660, 762-
                                                                                                                         D.5.1       Does the company have orientation programmes for new directors/commissioners?
                                                                                                                                                                                                                                 764
 D.3.12     Do the shareholders or the Board of Directors approve the remuneration of the
                                                                                                            624
            executive directors and/or the senior executives?                                                            D.5.2       Does the company have a policy and actual practice and programs that encourages
                                                                                                                                                                                                                          135-162, 660, 762-
                                                                                                                                     directors/commissioners to attend on-going or continuous professional education
 D.3.13     Does the company have measurable standards to align the performance-based                                                                                                                                            764
                                                                                                        673, 795-796                 programmes?
            remuneration of the executive directors and senior executives with long-terminterests
            of the company, such as claw back provision and deferred bonuses?                                                        CEO/Executive Management Appointments and Performance
            Internal Audit                                                                                               D.5.3       Does the company disclose the process on how the board of directors/commissioners
                                                                                                                                                                                                                          174, 507-508, 592,
                                                                                                                                     plans for the succession of the CEO/Managing Director/President and key
 D.3.14     Apakah perusahaan memiliki fungsi audit internal yang terpisah?                                                                                                                                                 702-705, 1195
                                                                                                          732-870                    management?
            Does the company have a separate internal audit function?
                                                                                                                         D.5.4       Does the board of directors/commissioners conduct an annual performance              531-532, 673, 794-
 D.3.15     Is the head of internal audit identified or, if outsourced, is the name of the external
                                                                                                          732-870                    assessment of the CEO/Managing Director/President?                                          795
            firm disclosed?
                                                                                                                                     Penilaian Dewan
 D.3.16     Does the appointment and removal of the internal auditor require the approvalof the
                                                                                                          732-870                    Board Appraisal
            Audit Committee?
                                                                                                                         D.5.5       Did the company conduct an annual performance assessment of the board of
            Risk Oversight
                                                                                                                                     directors/commissioners and disclose the criteria and process followed for the         673, 791-799
 D.3.17     Does the company establish a sound internal control procedures/risk management                                           assessment?
                                                                                                          966-991
            framework and periodically review the effectiveness of that framework?
                                                                                                                                     Director Appraisal
 D.3.18     Does the Annual Report/Annual CG Report disclose that the board of directors/
                                                                                                          966-991        D.5.6       Did the company conduct an annual performance assessment of the individual
            commissioners has conducted a review of the company’s material controls (including
                                                                                                                                     directors/commissioners and disclose the criteria and process followed for the         673, 791-799
            operational, financial and compliance controls) and risk management systems?
                                                                                                                                     assessment?
 D.3.19     Does the company disclose the key risks to which the company is materiallyexposed
                                                                                                          966-991                    Committee Appraisal
            to (i.e. financial, operational including IT, environmental, social, economic)?
                                                                                                                         D.5.7       Did the company conduct an annual performance assessment of the board
 D.3.20     Does the Annual Report/Annual CG Report contain a statement from the board of                                                                                                                                      673-675
                                                                                                          885-891                    committees and disclose the criteria and process followed for the assessment?
            directors/commissioners or Audit Committee commenting on the adequacy of the
            company’s internal controls/risk management systems?                                                         LEVEL 2 BONUS ITEMS
 D.4        People on the Board                                                                                          (B)A.       Rights and Equitable Treatment of shareholders
            Board Chairman                                                                                               (B) A.1     Right to participate effectively in and vote in general shareholders meeting and
                                                                                                          135-167                    should be informed of the rules, including voting procedures, that govern general
 D.4.1      Do different persons assume the roles of chairman and CEO?
                                                                                                                                     shareholders meeting
 D.4.2      Is the chairman an independent director/commissioner?                                           135
                                                                                                                                     Does the company practice real time secure electronic voting in absentia atgeneral
                                                                                                                         (B) A.1.1                                                                                             614-619
 D.4.3      Is any of the directors a former CEO of the company in the past 2 years?                      135-167                    meetings of shareholders?

                                                                                                                         (B)A.2      Equitable treatment of shareholders

                                                                                                                         (B)A.2      Notice of AGM

                                                                                                                         (B)A.2.1    Does the company practice real time secure electronic voting in absentia atgeneral
                                                                                                                                                                                                                               622-623
                                                                                                                                     meetings of shareholders?


PT BANK MANDIRI (PERSERO) TBK                           1236                                                                                                                     1237                                     ANNUAL REPORT 2024
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TOWARDS THE ASEAN CORPORATE GOVERNANCE SCORECARD                                                                                            TOWARDS THE ASEAN CORPORATE GOVERNANCE SCORECARD




   Level                                Principles and Recommendations                                 Presentation         Level                                Principles and Recommendations                                   Presentation

 (B).B.      Sustainability and Resilience                                                                                (B).D.5.1   Does the company disclose that its Board identified key risk in relation to information
                                                                                                                                      technology including disruption, cyber security, and disaster recovery, to ensure that          547
 (B).B.1                                                                                                                              such risks are managed and integrated into the overallrisk management framework?
 (B).B.1.1   Does the company disclose how it manages climate-related risks and opportunities?        998-1002, 1165-
                                                                                                                          (B).D.6     Board Performance
                                                                                                           1167
                                                                                                                          (B).D.6.1   Does the company have a separate board level Risk Committee?                                  706-715
 (B).B.1.2   Does the company disclose that its Sustainability Report/ Sustainability Reporting is     Sustainability
             externally assured?                                                                          Report          LEVEL 2 - PENALTY
 (B).B.1.3   Does the company disclose the engagement channel with stakeholder groups and               1152-1199         (P)A.       Rights and Equitable Treatment of shareholders
             how the company responds to stakeholders’ ESG concerns?                                  & Sustainability
                                                                                                          Report          (P)A.1      Basic shareholder rights

 (B).B.1.4   Does the company have a unit / division / committee who is specifically responsible         998-1002                     Did the company fail or neglect to offer equal treatment for share repurchases to all
                                                                                                                          (P) A.1.1                                                                                                 614-619
             to manage the sustainability matters?                                                    & Sustainability                shareholders?
                                                                                                          Report
                                                                                                                                      Shareholders, including institutional shareholders, should be allowed to consult with
 (B).B.1.5   Does the company disclose board of directors/commissioners’ oversight of                    998-1002         (P)A.2      each other on issues concerning their basic shareholder rights as defined in the              614-619
             sustainability-related risks and opportunities?                                          & Sustainability                Principles, subject to exceptions to prevent abuse.
                                                                                                          Report
                                                                                                                                      Is there evidence of barriers that prevent shareholders from communicating or
 (B).B.1.6   Does the company disclose the linkage between executive directors and senior                                 (P)A.2.1                                                                                                  614-619
                                                                                                          738-746                     consulting with other shareholders?
             management remuneration and sustainability performance for the previous year?
                                                                                                                                      Right to participate effectively in and vote in general shareholders meeting and
 (B).B.1.7   Is the company’s Whistle Blowing System managed by independent parties /                                     (P)A.3      should be informed of the rules, including voting procedures, that govern general
                                                                                                          945-946
             institutions?                                                                                                            shareholders meeting.
 (B).C.      Disclosure and transparency                                                                                              Did the company include any additional and unannounced agenda item into the
                                                                                                                          (P)A.3.1                                                                                                    N/A
                                                                                                                                      notice of AGM/EGM?
 (B).C.1     Quality of Annual Report
                                                                                                                                      Was the Chairman of the Board and the Chairmen of all Board Committees and the
 (B).C.1.1   Are the audited annual financial report /statement released within 60 days from the                          (P)A.3.2                                                                                                  619-623
                                                                                                        1265-1277                     CEO absent from the most recent General Meeting?
             financial year end?
                                                                                                                                      Capital structures and arrangements that enable certain shareholders to obtain a
 (B).D.      Responsibilities of the Board                                                                                (P)A.4                                                                                                    427-429
                                                                                                                                      degree of control disproportionate to their equity ownership should be disclosed.
 (B).D.1     Board Competencies and Diversity
                                                                                                                                      Did the company fail to disclose the existence of:
 (B).D.1.1   Does the company have at least one female independent director/commissioner?                 135-171
                                                                                                                          (P)A.4.1    Shareholders agreement?                                                                       614-619
 (B).D.1.2   Does the company have a policy and disclose measurable objectives for
                                                                                                          732-735         (P)A.4.2    Voting cap?                                                                                   614-619
             implementing its board diversity and report on progress in achieving its objectives?
                                                                                                                          (P)A.4.3    Multiple voting rights?                                                                       614-619
 (B).D.2     Board Structure
                                                                                                                          (P)A.5      Capital structures and arrangements that enable certain shareholders to obtain a
 (B).D.2.1   Is the Nominating Committee comprise entirely of independent directors/                                                                                                                                                427-429
                                                                                                          694-705                     degree of control disproportionate to their equity ownership should be disclosed.
             commissioners?
                                                                                                                          (P)A.5.1    Is a pyramid ownership structure and/ or cross holding structure apparent?                427-429, 614-619
 (B).D.2.2   Does the Nominating Committee undertake the process of identifying the quality of
                                                                                                          694-705
             directors aligned with the company’s strategic directions?                                                   (P)A.6      Insider trading and abusive self-dealing should be prohibited.
 (B).D.3     Board Appointments and Re-Election                                                                           (P)A.6.1    Has there been any conviction of insider trading involving directors/commissioners,
                                                                                                                                                                                                                                    914-925
                                                                                                                                      management and employees in the past three years?
 (B).D.3.1   Does the company use professional search firms or other external sources of
                                                                                                     174, 516-517, 593,
             candidates (such as director databases set up by director or shareholder bodies)                             (P)A.7      Protecting minority shareholders from abusive action
                                                                                                       702-705, 1195
             when searching for candidates to the board of directors/commissioners?
                                                                                                                          (P)A.7.1    Has there been any cases of non compliance with the laws, rules and regulations
 (B).D.4     Board Structure & Composition                                                                                                                                                                                          914-925
                                                                                                                                      pertaining to material related party transactions in the past three years?
 (B).D.4.1   Do independent non-executive directors/commissioners make up more than 50% of
                                                                                                          658-659
             the board of directors/commissioners for a company with independent chairman?

 (B).D.5     Risk Oversight




PT BANK MANDIRI (PERSERO) TBK                           1238                                                                                                                      1239                                          ANNUAL REPORT 2024
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   Level                              Principles and Recommendations                                  Presentation        Level                               Principles and Recommendations                                       Presentation

 (P)A.7.2   Were there any RPTs that can be classified as financial assistance (i.e not conducted                       (P)D.4     Board structure and composition
                                                                                                          N/A
            at arm’s length) to entities other than wholly-owned subsidiary companies?
                                                                                                                        (P)D.4.1                                                                                                 134-162, 641-642,
                                                                                                                                   Has the chairman been the company CEO in the last three years?
 (P)B.1     The rights of stakeholders that are established by law or through mutual agreements                                                                                                                                    735, 749-750
            are to be respected.
                                                                                                                        (P)D.4.2   Do non-executive directors/commissioners receive options, performance shares or               632, 673-674, 796-
 (P)B.1.1   Have there been any violations of any laws pertaining to labour/employment/                                            bonuses?                                                                                             796
                                                                                                       N/A - 943
            consumer/insolvency/ commercial/competition or environmental issues?
                                                                                                                        APPENDIX
 (P)B.2     Where stakeholders participate in the corporate governance process, they should
                                                                                                                                   Do shareholders have the right to participate in:
            have access to relevant, sufficient and reliable information on a timely and regular
            basis.                                                                                                      A.2.1      Amendments to the company’s constitution?                                                          614-619
 (P)B.2.1   Has the company faced any sanctions by regulators for failure to make                                       A.2.2      The authorisation of additional shares?                                                            614-619
                                                                                                        914-925
            announcements within the requisite time period for material events?
                                                                                                                                   The transfer of all or substantially all assets, which in effect results in the sale of the
 (P)B.2.2   Is there any evidence that the company is engaging in greenwashing activities?                N/A           A.2.3                                                                                                          N/A
                                                                                                                                   company?
 (P)C.      Disclosure and transparency                                                                                 B.1.1      Does the company’s ordinary or common shares have one vote for one share?                          614-619
 (P)C.1     Sanctions from regulator on financial reports                                                                          Does the company have policies and/or rules prohibiting directors/commissioners
                                                                                                                                                                                                                                 632, 673-674, 796-
                                                                                                      1.265-1.277       B.3.1      and employees to benefit from knowledge which is not generally available to the
 (P)C.1.1   Did the company receive a “qualified opinion” in its external audit report?                                                                                                                                                 796
                                                                                                                                   market?
 (P)C.1.2   Did the company receive an “adverse opinion” in its external audit report?                1.265-1.277
                                                                                                                                   Does the company have a policy requiring directors/commissioners to disclose their
                                                                                                                        B.4.1                                                                                                         444-454
 (P)C.1.3   Did the company receive a “disclaimer opinion” in its external audit report?              1.265-1.277                  interest in transactions and any other conflicts of interest?

 (P)C.1.4   Has the company in the past year revised its financial statements for reasons other                                    Attendance details of each director/commissioner in all directors/commissioners’
                                                                                                      1.265-1.277       D.2.6                                                                                                    660-664, 759-791
            than changes in accounting policies?                                                                                   meetings held during the year.

 (P)D.      Responsibilities of the Board

 (P)D.1     Compliance with listing rules, regulations and applicable laws

 (P)D.1.1   Is there any evidence that the company has not complied with any listing rules and
                                                                                                      1.265-1.277
            regulations apart from disclosure rules over the past year?

 (P)D.1.2   Have there been any instances where non-executive directors/commissioner have
                                                                                                          N/A
            resigned and raised any issues of governance-related concerns?

 (P)D.2     Board structure

 (P)E.2.1   Does the Company have any independent directors/commissioners who have
            served for more than nine years or two terms of five years* each (whichever ishigher)
                                                                                                    134-162, 641-642,
            in the same capacity?
                                                                                                      735, 749-750
            *)The five years term must be required by legislation which pre-existed before the
            introduction of the ASEAN Corporate Governance Scorecard in 2011.

 (P)D.2.2   Did the company fail to correctly identify the description of all their directors as    134-162, 641-642,
            independent, non-executive, and executive?                                                735, 749-750

 (P)D.2.3   Does the company have any independent directors/non- executive/commissioners            134-162, 641-642,
            who serve on a total of more than five boards of publicly-listed companies?               735, 749-750

 (P)D.3     External Audit

 (P)D.3.1   Is any of the directors or senior management a former employee or partner of the        134-162, 641-642,
            current external auditor (in the past 2 years)?                                           735, 749-750




PT BANK MANDIRI (PERSERO) TBK                           1240                                                                                                                     1241                                            ANNUAL REPORT 2024
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               Criteria                                            Explanation                        Page                 Criteria                             Explanation                                  Page

 General                                                                                                                                24. Net Interest Margin Ratio (NIM);                                   33

 The      annual  report   should                                                                                                       25. Percentage of violations and exceeding the Maximum
                                                                                                                                                                                                               33
 be presented in good and                                                                                                                   Lending Limit (BMPK);
 correct Indonesian, and it was                                                                                                         26. Statutory Reserves Ratio (GWM);                                    33
 recommended to present it also in
                                                                                                                                        27. Ratio of Net Open Position (GDP); and                              33
 English.
                                                                                                                                        28. Information and other financial ratios relevant to the
 The annual report should be
                                                                                                                                            issuer or public company and the type of industry.
 printed in good quality and uses
 an easy-to-read type and size.                                                                               Stock Price Information   Share information for a Public Company should at least
                                                                                                                                        contain:
 The annual report clearly stated       The company name and year of the annual report should
 the company’s identity.                be displayed on:                                                                                1. Shares issued for each quarterly period were presented
                                                                                                                                           in the form of a comparison for the last 2 (two) financial
                                        1. Front cover;
                                                                                                                                           years, at least containing:
                                        2. Side;
                                                                                                                                           a. Number of outstanding shares;
                                        3. Back cover; and
                                                                                                                                           b. Market capitalization based on the price on the
                                        4. Every page.                                                                                        stock exchange where the shares were listed;                     35
 The annual report should be                                                                                                               c. The highest, lowest and closing share prices were
 available on  the   company                                                                                                                  based on prices on the stock exchange where the
 website.                                                                                                                                     shares are listed; and
 Performance Highlights                                                                                                                    d. Trading volume on the stock exchange where the
                                                                                                                                              shares are listed.
 The     summary      of   important    Information in the annual reports includes the following:
 financial data contained financial                                                                                                     Information in letter b), letter c) and letter d) is only
                                        1. Revenue/sales;                                              31                               disclosed if the shares are listed on the stock exchange;
 information presented in the form
 of a comparison for 3 (three)          2. Gross profit;                                               31                               2. In the event of a corporate action causing changes in
 financial years or since starting      3. Profit (loss);                                              31                                  shares, such as stock splits, reverse stock, stock
 its business if the Issuer or Public
                                        4. Total profit (loss) attributable to owners of the parent                                        dividends, bonus shares, changes in the nominal value
 Company had been running its                                                                          31
                                           entity and non-controlling interests;                                                           of shares, issuance of conversion securities, as well as
 business activities for less than 3
                                                                                                                                           capital additions and deductions, stock information as
 (three) years.                         5. Total comprehensive profit (loss);                          31
                                                                                                                                           referred to in number 1) should be added with at least
                                        6. Total comprehensive profit (loss) attributable to owners
                                                                                                       31                                  an explanation regarding:
                                           of the parent entity and non-controlling interests;
                                                                                                                                           a. The date of implementation of the corporate
                                        7. Earnings (loss) per share;                                  31
                                                                                                                                              action;
                                        8. Total assets;                                               28                                                                                                      38
                                                                                                                                           b. The ratio of stock splits, reverse stock, stock
                                        9. Total liabilities;                                          29                                     dividends, bonus shares, the number of convertible
                                        10. Total equity;                                              30                                     securities issued, and changes in the nominal value
                                                                                                                                              of shares;
                                        11. Ratio of profit (loss) to total assets;                    33
                                                                                                                                           c. Number of outstanding shares before and after the
                                        12. Ratio of profit (loss) to equity;                          33                                     corporate action;
                                        13. Ratio of profit (loss) to income/sales;                                                        d. Number of conversion effects executed (if any);
                                        14. Current ratio;                                            32,33                                   and
                                        15. Ratio of liabilities to equity;                            33                                  e. Share prices before and after corporate actions;
                                        16. Ratio of liabilities to total assets;                      33                               3. In the event of a temporary suspension of share trading
                                                                                                                                           (suspension) and/or delisting of shares in the financial            38
                                        17. CAR ratio;                                                 32
                                                                                                                                           year, the should be explained; and
                                        18. Ratio of Return on Assets (ROA);                           33
                                                                                                                                        4. In the event that the temporary suspension of share
                                        19. Ratio of Return on Equity (ROE);                           33                                   trading as referred to in number 3) and/or the delisting
                                        20. Productive Assets;                                         32                                   process was still ongoing until the end of the Annual
                                                                                                                                                                                                               38
                                                                                                                                            Report period, it explained the actions taken to resolve
                                        21. Ratio of Non-performing Loans (NPL);                       33                                   the temporary suspension of share trading and/ or
                                        22. Ratio of Operating Expenses to Operating Income                                                 cancellation of the share listing (delisting).
                                                                                                       33
                                            (BOPO);
                                        23. Cost to Income Ratio (CIR);                                33



PT BANK MANDIRI (PERSERO) TBK                                1242                                                                                         1243                                          ANNUAL REPORT 2024
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               Criteria                                        Explanation                          Page                    Criteria                                         Explanation                                Page

 Information on bonds, sukuk or      Information contained:                                           39                                                 m. Number, type and location of offices;
 convertible bonds that were still   1. Number      of   outstanding    bonds/sukuk/convertible                                                          n. Ownership of the Board of Directors, Board of
 outstanding in the last 2 (two)                                                                      39
                                        bonds;                                                                                                              Commissioners and shareholders in the Bank’s
 financial years. Reports of the                                                                                                                            business group;
 Board of Directors and the Board    2. Interest rate/yield;                                          39
 of Commissioners                                                                                                                                        o. Important changes that occurred in the Bank and
                                     3. Due date; and                                                 39
                                                                                                                                                            the Bank’s business group in the relevant year;
                                     4. Bond/sukuk ratings for 2020 and 2021.                         39
                                                                                                                                                         p. Important things that are expected to happen in
                                     Note: if the company did not have bonds/sukuk/                                                                         the future; and
                                     convertible bonds, it had to be disclosed.
                                                                                                                                                         q. Human resources include the number, level
 Reports of the Board of Directors and the Board of Commissioners                                                                                           of education, training, and human resource
                                                                                                                                                            development.
 Board of Commissioners Report       The report of the Board of Commissioners should at least
                                     contain a brief description about:                                                                               2. Description of the business prospects of the Issuer or
                                                                                                                                                                                                                          78
                                                                                                                                                         Public Company; and
                                     1. Assessment of the performance of the Board of
                                        Directors regarding the management of Issuers or Public                                                       3. Implementation of the governance of Issuers or Public
                                                                                                                                                                                                                          79
                                        Companies, including the supervision of the Board of                                                             Companies.
                                                                                                    57 - 58
                                        Commissioners in the formulation and implementation                                                           4. Changes in the composition of the members of the
                                        of strategies for Issuers or Public Companies carried out                                                        Board of Directors (if any) and the reasons for the              81
                                        by the Board of Directors;                                                                                       changes.
                                     2. Views on the business prospects of the Issuer or Public               Signatures of members of the It described:
                                                                                                    58 - 59
                                        Company prepared by the Board of Directors; and                       Board of Directors and Board of
                                                                                                              Commissioners                   1. The signature is written on a separate sheet;                          66, 85
                                     3. Views on the implementation of the governance of the
                                                                                                    59 - 60                                   2. A statement that the Board of Commissioners and
                                        Issuer or Public Company.
                                                                                                                                                 Board of Directors are fully responsible for the accuracy              88-89
                                     4. Changes in the composition of the Board of
                                                                                                      65                                         of the contents of the annual report;
                                        Commissioners (if any) and the reasons for the changes.
                                                                                                                                                      3. Signed by all members of the Board of Commissioners
 Board of Directors’ Report          The Board of Directors’ report should at least contain a
                                                                                                                                                         and members of the Board of Directors by stating their         88-89
                                     brief description of:
                                                                                                                                                         names and positions; and
                                     1. Performance of Issuers or Public Companies, at least
                                                                                                                                                      4. A written explanation in a separate letter from the
                                        containing:
                                                                                                                                                         member concerned in the event that a member of the
                                        a. Issuer’s or Public Company’s strategy and strategic                                                           Board of Commissioners or a member of the Board of
                                            policies;                                                                                                    Directors does not sign the annual report, or a written         N/A
                                        b. The role of the Board of Directors in formulating                                                             explanation in a separate letter from another member
                                           strategies and strategic policies of Issuers or Public                                                        in the event that there is no written explanation from
                                           Companies;                                                                                                    the member concerned.

                                        c. The process carried out by the Board of Directors to               Profil Perusahaan
                                           ensure the implementation of the Issuer’s or Public                Company name and full address           Access to Issuers or Public Companies including branch
                                           Company’s strategy;                                                                                        offices or representative offices that allowed the public
                                        d. Comparison between the results achieved with                                                               to obtain information about Issuers or Public Companies,
                                           those targeted by the Issuer or Public Company;          73 - 77                                           including:
                                           and                                                                                                        1. Address;                                                       92 - 93
                                        e. Constraints faced by Issuers or Public Companies;                                                          2. Telephone number;
                                        f. Organizational structure;                                                                                  3. Electronic mail address; and
                                        g. Main activity;                                                                                             4. Website address;
                                        h. Information Technology;                                            Brief history of the Issuer or Public   It included: date/year of establishment, name, change of
                                        i. Types of products and services offered, including                  Company                                 company name (if any), and effective date of change of
                                           lending to micro, small and medium business                                                                company name.                                                       96
                                           debtors;                                                                                                   Note: if the company had never changed its name, it
                                        j. Interest rates for raising and providing funds                                                             should be disclosed.
                                        k. Economic development and target market;
                                        l. Network and business partners at home and/or
                                           abroad;



PT BANK MANDIRI (PERSERO) TBK                            1244                                                                                                          1245                                        ANNUAL REPORT 2024
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                   Criteria                                        Explanation                               Page                     Criteria                                   Explanation                                  Page

 Business fields                          It described:                                                                                                 7. Affiliation with other members of the Board of
                                          1. The company’s business activities according to the                                                            Commissioners, major shareholders, and controllers,
                                              latest articles of association;                                                                              either directly or indirectly, to individual owners,
                                                                                                            106 - 129
                                          2. Business activities carried out; and                                                                          including names of affiliated parties; In the event that
                                          3. Products and/or services produced.                                                                            a member of the Board of Commissioners had no
                                                                                                                                                           affiliation, the Issuer or Public Company should disclose
 Vision, Mission       and    Corporate   It included
                                                                                                                                                           this matter;
 Culture                                  1. Company vision;                                                  102
                                                                                                                                                        8. Statement of independence of the independent
                                          2. Company mission;                                                 103                                          commissioner in the event that the independent
                                          3. Information that the vision and mission had been                                                              commissioner had served more than 2 (two) terms; and
                                              reviewed and approved by the Board of Directors/                103                                       9. Changes in the composition of the members of the
                                              Board of Commissioners for the financial year; and                                                           Board of Commissioners and the reasons for the
                                          4. A statement regarding the corporate culture of the                                                            changes. In the event that there was no change
                                                                                                              104                                          in the composition of the members of the Board of
                                             Company.
                                                                                                                                                           Commissioners, this matter should be disclosed;
 Operational Area                         Operational area of Issuer or Public Company; operational
                                          area was the area or area for the implementation of                           Board of Directors Profile      Profile of the Board of Directors, at least contained:
                                                                                                            130 - 131
                                          operational activities or the range of the company’s                                                          1. Name and position in accordance with the duties and
                                          operational activities.                                                                                          responsibilities;
 Organizational structure                 The organizational structure of the Issuer or Public Company                                                  2. Recent photos;
                                          in the form of a chart, at least up to the structure of 1 (one)
                                          level below the Board of Directors including committees                                                       3. Age;
                                                                                                            132 -133
                                          under the Board of Directors (if any) and committees under                                                    4. Citizenship;
                                          the Board of Commissioners, accompanied by names and
                                                                                                                                                        5. Educational history and/or certification;
                                          positions.
                                                                                                                                                        6. Position history, including information on:
 Association Member                       List of industry association memberships both on a national
                                          and international scale related to the implementation of             94                                          a. The legal basis for appointment as a member of the
                                          sustainable finance.                                                                                                Board of Directors of the Issuer or Public Company
                                                                                                                                                              concerned;
 Board of Commissioners Profile           Profile of the Board of Commissioners, at least contained:
                                                                                                                                                           b.     Concurrent positions, either as a member of
                                          1. Name and position;
                                                                                                                                                                the Board of Directors, member of the Board of
                                          2. Recent photos;                                                                                                     Commissioners, and/or committee member as well
                                          3. Age;                                                                                                               as other positions both inside and outside the Issuer
                                                                                                                                                                or Public Company. In the event that a member of             148 - 162
                                          4. Citizenship;                                                                                                       the Board of Directors does not have concurrent
                                          5. Educational history and/or certification;                                                                          positions, then this was disclosed; and
                                          6. Position history, including information on:                                                                   c. Work experience and period of time both inside and
                                                                                                                                                              outside the Issuer or Public Company;
                                             a. Legal basis for appointment as member of the
                                                Board of Commissioners;                                                                                 7. Affiliation with other members of the Board of Directors,
                                                                                                                                                           members of the Board of Commissioners, major
                                             b. The legal basis for the first appointment as a              134 - 147                                      shareholders, and controllers either directly or indirectly
                                                member of the Board of Commissioners who was
                                                                                                                                                           to individual owners, including names of affiliated
                                                an independent commissioner of the Issuer or Public
                                                                                                                                                           parties.
                                                Company concerned;
                                                                                                                                                           In the event that a member of the Board of Directors
                                             c. Concurrent positions, either as a member of the
                                                                                                                                                           had no affiliation, the Issuer or Public Company should
                                                Board of Commissioners, member of the Board of
                                                                                                                                                           disclose this matter; and
                                                Directors, and/or committee member as well as
                                                other positions both inside and outside the Issuer or                                                   8. Changes in the composition of the members of the
                                                Public Company. In the event that a member of the                                                          Board of Directors and the reasons for the changes. In
                                                Board of Commissioners did not have concurrent                                                             the event that there was no change in the composition
                                                positions, then this should be disclosed;                                                                  of the members of the Board of Directors, this matter
                                                                                                                                                           should be disclosed;
                                             d. Work experience and period of time both inside
                                                and outside the Issuer or Public Company;                               Number of employees and data Number of employees by gender, position, age, education
                                                                                                                        on    employee   competency level, and employment status (permanent/contracted) in
                                                                                                                        development.                 the financial year;                                                     172 - 175
                                                                                                                                                        Disclosure of information could be presented in tabular
                                                                                                                                                        form.


PT BANK MANDIRI (PERSERO) TBK                               1246                                                                                                           1247                                          ANNUAL REPORT 2024
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               Criteria                                          Explanation                               Page                     Criteria                                           Explanation                                  Page

 Composition of shareholders             Name of shareholders and percentage of ownership at                          Share listing chronology                Chronology of share listing, number of shares, nominal
                                         the beginning and end of the financial year consisted of                                                             value, and offering price from the beginning of listing to
                                         information regarding:                                                                                               the end of the financial year as well as the name of the
                                                                                                                                                              stock exchange where the shares of the Issuer or Public
                                         1. Shareholders owning 5% (five percent) or more shares
                                                                                                                                                              Company were listed, including stock splits, reverse stock,            208
                                            of the Issuer or Public Company;
                                                                                                                                                              stock dividends, bonus shares, and changes in the nominal
                                         2. Members of the Board of Directors and members of                                                                  value of shares, implementation of conversion effects,
                                            the Board of Commissioners owning shares of Issuers                                                               implementation of capital additions and subtractions (if
                                            or Public Companies. In the event that all members of                                                             any);
                                            the Board of Directors and/or all members of the Board
                                                                                                                      Chronology of securities issuance       Other securities listing information that had not matured
                                            of Commissioners did not own shares, then this matter
                                                                                                                      (including private placement)           in the financial year at least included the name of the
                                            should be disclosed;
                                                                                                                      and/or share listing from the initial   securities, year of issue, interest rate/yield, maturity date,       208 - 225
                                         3. Percentage of indirect ownership of shares of Issuers                     issuance to the end of the financial    offering value, and rating of securities (if any);
                                            or Public Companies by members of the Board of                            year.
                                            Directors and members of the Board of Commissioners
                                                                                                                      Information on the use of public        Information on the use of public accounting services (AP)
                                            at the beginning and end of the financial year,
                                                                                                                      accountants (AP) and public             and public accounting firms (KAP) and their networks/
                                            including information on shareholders registered in
                                                                                                                      accounting firms (KAP                   associations/ allies included:
                                            the shareholder register for the benefit of indirect
                                            ownership of members of the Board of Directors and            176 - 187                                           1. Name and address;
                                            members of the Board of Commissioners;                                                                            2. Assignment period;
                                            In the event that all members of the Board of Directors                                                           3. Information    on    audit    and/or   non-audit   services
                                            and/or all members of the Board of Commissioners did                                                                 provided;
                                            not have indirect ownership of the shares of the Issuer
                                            or Public Company, this matter shouldl be disclosed.                                                              4. Audit and/or non-audit fees for each assignment given               226
                                                                                                                                                                 during the financial year; and
                                            Community shareholder group, namely the group
                                            of shareholders who each owned less than 5% (five                                                                 5. In the event that AP and KAP and their networks/
                                            percent) of the shares of the Issuer or Public Company;                                                              associations/allies, which are appointed do not
                                                                                                                                                                 provide non-audit services, then the information is
                                         4. Number of shareholders and percentage of ownership                                                                   disclosed.
                                            at the end of the financial year based on classification:
                                                                                                                                                                  Disclosure of information on the use of AP and KAP
                                            a. Ownership of local institutions;                                                                                   services and their networks/associations/allies could
                                            b. Ownership of foreign institutions;                                                                                 be presented in tabular form.
                                            c. Local individual ownership; and                                        Name and address of supporting          Name and address of capital market supporting institutions
                                                                                                                                                                                                                                   227 - 228
                                                                                                                      institutions and/or professions         and/or professions other than AP and KAP.
                                            d. Foreign individual ownership;
                                                                                                                      Awards received in the last             It contained nformation in the following:
                                         The above information could be presented in tabular form.
                                                                                                                      financial year and/or certifications    1. Name of award and/or certification;
 Major and controlling shareholders Information regarding the main and controlling                                    that are still valid in the last
                                    shareholders of the Issuer or Public Company, either                              financial year both on a national       2. Year of award and/or certification;                               229 - 239
                                                                                                            176
                                    directly or indirectly, to the individual owners presented in                     and international scale                 3. The awarding and/or certification body; and
                                    the form of a scheme or chart;
                                                                                                                                                              4. Validity period (for certification).
 List  of    subsidiaries       and/or   The name of the subsidiary, associated company, joint
 associated entities                     venture company where the Issuer or Public Company                           Name and address of the It contained information including:
                                         had joint control of the entity (if any), along with the                     subsidiary and/or branch office or 1. Name and address of the subsidiary; and
                                         percentage of share ownership, line of business, total                       representative office (if any)
                                                                                                          190 - 207                                      2. Name and address of branch/representative office.                      190 - 207
                                         assets, and operating status of the subsidiary, associated
                                         company, joint venture company.                                                                                      Note: if the company did not have a subsidiary, branch
                                                                                                                                                              office, and representative office, it should be disclosed.
                                         For a subsidiary, information about the address of the
                                         subsidiary was added.                                                        Information on Company Website          It included at least:
 Information related to the Bank Business Group                                                                                                               1. Shareholder information up to the individual ultimate
                                                                                                                                                                                                                                     240
                                                                                                                                                                 owner;
 Company group structure                 Company group structure in the form of a chart depicting
                                         parent entities, subsidiaries, associates, joint ventures, and   188 - 189                                           2. Fill in the Code of Ethics;
                                         special purpose vehicles (SPV).




PT BANK MANDIRI (PERSERO) TBK                              1248                                                                                                                  1249                                          ANNUAL REPORT 2024
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               Criteria                                          Explanation                          Page                     Criteria                                          Explanation                                      Page

                                        3. Information on the General Meeting of Shareholders                    Discussion on capital structure and The explanation consisted of:
                                           (GMS) at least includes material on the agenda                        management of capital structure 1. Details of the capital structure consisting of interest-
                                           discussed in the GMS, a summary of the minutes of                     policy                                                                                                          427 - 429
                                                                                                                                                        based debt/sukuk and equity; and
                                           the GMS, and information on important dates, namely
                                           the date of the announcement of the GMS, the date                                                            2. Management policies on capital structure (capital
                                                                                                                                                                                                                                   427
                                           of the invitation to the GMS, the date of the GMS, the                                                          structure policies); and
                                           date of the summary of the minutes of the GMS being                                                          3. Basis for selecting management policy
                                           announced;
                                                                                                                 Discussion     on         material     It explained:
                                        4. Separate annual financial statements (last 5 years);
                                                                                                                 commitments       for      capital     1. The name of the party making the bond;
                                        5. Profile of the Board of Commissioners and Board of                    goods investment (not funding
                                           Directors; and                                                        commitments) in the last financial     2. The purpose of the bond;
                                        6. Charter of the Board of Commissioners, Board of                       year                                   3. The expected         source   of   funds   to   fulfill   these
                                           Directors, Committees, and Internal Audit Unit.                                                                 commitments;
                                                                                                                                                                                                                                   430
 Management Discussion and Analysis on Company Performance                                                                                              4. Currency to be denominated; and
                                                                                                                                                        5. Measures planned by the company to protect the risk
 Operational review by business         Operational review per business segment according to
                                                                                                                                                           from the related foreign currency position.
 segment                                the type of industry of the Issuer or Public Company, at
                                        least regarding:                                                                                                Note: if the company did not have a commitment related
                                                                                                                                                        to investment in capital goods in the last financial year, it
                                        1. Explanation of each business segment.
                                                                                                                                                        should be disclosed.
                                        2. Performance per business segment, including:
                                                                                                     383 - 385   Discussion on investment in capital    It explained:
                                           a. Production, which includes the process, capacity,                  goods realized in the last financial   1. Types of investment in capital goods;
                                              and development;                                                   year
                                                                                                                                                        2. The purpose of investment in capital goods; and
                                           b. Increase/decrease in production capacity;
                                                                                                                                                                                                                                   431
                                                                                                                                                        3. The investment value of capital goods issued in the last
                                           c. Sales/operating income; and
                                                                                                                                                           financial year.
                                           d. Profitability
                                                                                                                                                        Note: if there was no realization of capital goods
 Description of the company’s           Financial performance analysis which included a                                                                 investment, it should be disclosed.
 financial performance                  comparison between the financial performance of the
                                                                                                                 Comparison information between         Comparison between targets/projections at the beginning
                                        year concerned with the previous year and the causes
                                                                                                                 the target at the beginning of         of the year book with the results achieved (realization),
                                        of an increase/decrease in an account (in the form of
                                                                                                                 the financial year with the results    regarding:
                                        narratives and tables), including regarding:
                                                                                                                 achieved      (realization),  and      1. Revenue/sales;
                                        1. Current assets, non-current assets, and total assets;       400       the targets or projections to be
                                                                                                                 achieved for the coming year.          2. Profit (loss);
                                        2. Short-term liabilities, long-term liabilities and total
                                                                                                     399, 410
                                           liabilities;                                                                                                 3. Capital structure;
                                        3. Equity;                                                   399,417                                            4. Marketing;
                                        4. Sales/operating income, expenses, profit (loss), other                                                       5. HR Development;
                                           comprehensive income, and comprehensive income              418                                              6. Other matters deemed important to the Issuer or Public
                                           for the current period;                                                                                         Company.
                                        5. Cash flow;                                                  423                                                                                                                       436 - 437
                                                                                                                                                        Targets/projections to be achieved by the Issuer or Public
                                        6. Basic loan interest rate;                                 485 - 487                                          Company for the next 1 (one) year, about:
                                        7. Analysis of the quality of earning assets and relevant                                                       1. Revenue/sales;
                                                                                                     494 - 499
                                           financial ratios.                                                                                            2. Profit (loss);
 Discussion and analysis of abilities   Explanation of:                                                                                                 3. Capital structure (capital structure);
 To pay debts and the collectibility
                                        1. Ability to pay debts, both short term and long term and   424 - 426                                          4. Dividend Policy;
 level of the company’s receivables,
 by presenting the relevant ratio       2. The level of collectibility of receivables.                                                                  5. Marketing;
 calculations according to the type                                                                    426
                                                                                                                                                        6. HR Development;
 of company industry
                                                                                                                                                        7. Other matters deemed important to the Issuer or Public
                                                                                                                                                           Company.




PT BANK MANDIRI (PERSERO) TBK                                 1250                                                                                                          1251                                             ANNUAL REPORT 2024
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               Criteria                                           Explanation                              Page                     Criteria                                     Explanation                                  Page

 Material information and facts Description of significant events after the date of the                                                                      b. The role of the Board of Commissioners and the audit
 occurring after the date of the accountant’s report including their impact on future                                                                           committee in carrying out adequate procedures
 accountant’s report             business performance and risks.                                            438                                                 to ensure that affiliated transactions were carried
                                                                                                                                                                out in accordance with generally accepted
                                         Note: if there was no significant event after the date of the
                                                                                                                                                                business practices, among others, is carried out by
                                         accountant’s report, it should be disclosed.
                                                                                                                                                                complying with the arms-length principle;
 Description of the       company’s      The business prospects of the Issuer or Public Company are
                                                                                                                                                          7. For affiliated transactions or material transactions
 business prospects                      related to industrial conditions, the general economy and
                                                                                                          298 - 299                                          which became business activities carried out in
                                         the international market accompanied by quantitative
                                                                                                                                                             order to generate business income and are carried
                                         supporting data from reliable data sources.
                                                                                                                                                             out regularly, repeatedly, and/or continuously, an
 Description   of   the    marketing     The marketing aspect of the goods and/or services of the                                                            explanation was added that the affiliated transactions
 aspect                                  Issuer or Public Company, at least regarding the marketing       300 - 301                                          or material transactions were business activities carried
                                         strategy and market share.                                                                                          out in order to generate operating income and run
 Description of dividends for the last   Description of dividends for 2 (two) financial years last, at                                                       regularly, repeatedly, and/or continuously; In the event
 2 (two) financial years                 least:                                                                                                              that the affiliated transactions or material transactions
                                                                                                                                                             referred to have been disclosed in the annual financial
                                         1. Dividend policy contained information of the                                                                     statements, additional information regarding the
                                            percentage of total dividends distributed to net                                                                 disclosure reference in the annual financial statements
                                            income;                                                                                                          was added.
                                         2. Date of payment of cash dividends and/or date of              439 - 440                                       8. For disclosure of affiliated transactions and/or
                                            distribution of non-cash dividends;                                                                              conflict of interest transactions resulting from the
                                         3. Total dividends per share (cash and/or non-cash);                                                                implementation of affiliated transactions and/
                                                                                                                                                             or conflict of interest transactions that have been
                                         4. The amount of dividends per year paid.
                                                                                                                                                             approved by independent shareholders, additional
                                         Note: if there was no dividend distribution, the reasons                                                            information regarding the date of the GMS which
                                         should be disclosed.                                                                                                approved the affiliated transactions and/or conflict of
 Realization of the use of proceeds      It contained a description of:                                                                                      interest transactions is added;
 from the public offering (in the                                                                                                                         9. In the event that there was no affiliated transaction
                                         1. Total proceeds;
 event that the company was still                                                                                                                            and/ or conflict of interest transaction, this matter
 required to submit a report on the      2. Plan for the use of funds;                                                                                       should be disclosed.
 realization of the use of funds)        3. Details of the use of funds;                                              A description of changes in The description included:
                                         4. Fund balance; and                                               443       the laws and regulations of the 1. The name of the legislation undergoing changes; and
                                                                                                                      company in the last financial year
                                         5. The date of approval of the GMS/RUPO for changes in                                                          2. The impact (quantitative and/or qualitative) on the
                                            the use of funds (if any).                                                                                                                                                       456 - 479
                                                                                                                                                            company (if significant) or a statement that the impact
                                         Note: if the company did not have information on the                                                               is not significant.
                                         realization of the use of proceeds from the public offering,                                                     Note: if there were no changes to the laws and regulations
                                         it should be disclosed.                                                                                          in the last financial year, the matters should be disclosed.
 Information        on       material    It contained a description of:                                               A description of the changes in     The description included:
 transactions containing conflicts       1. Transaction date, value, and object;                                      accounting policies adopted by
 of interest and/or transactions with                                                                                                                     1. Changes in accounting policies;
                                                                                                                      the company in the last financial
 affiliated parties                      2. Name of the party conducting the transaction;
                                                                                                                      year                                2. Reasons for changes in accounting policies; and
                                                                                                                                                                                                                               480
                                         3. The nature of the affiliation relationship (if any);                                                          3. Quantitative impact on financial statements.
                                         4. Explanation of the fairness of the transaction;                                                               Note: If there was no change in accounting policy in the
                                         5. Fulfillment of related provisions;                                                                            last financial year, it should be disclosed.
                                         6. In the event that there was an affiliation relationship, in               Business continuity information     Disclosure of information regarding:
                                                                                                          444 - 453
                                            addition to disclosing the information as referred to in                                                      1. Potential Matters having a significant effect on the
                                            number 1) to number 5), the Issuer or Public Company                                                             company’s business continuity in the last financial year;
                                            also disclosed information:
                                                                                                                                                          2. Management’s assessment of the items in number 1;               482- 484
                                            a. Statement of the Board of Directors that affiliated                                                           and
                                               transactions had gone through adequate
                                               procedures to ensure that affiliated transactions                                                          3. Assumptions used by management in conducting the
                                               were carried out in accordance with generally                                                                 assessment.
                                               accepted business practices, among others, by
                                               complying with the arms-length principle; and




PT BANK MANDIRI (PERSERO) TBK                               1252                                                                                                            1253                                         ANNUAL REPORT 2024
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               Criteria                                 Explanation                               Page                   Criteria                             Explanation                                  Page

                                Note: if there were no matters that had the potential                                                    b. the criteria used were performance achievements
                                to significantly affect the continuity of the company’s                                                     during the financial year, competence and
                                business in the last financial year, the company should                                                     attendance at meetings; and
                                disclose the assumptions that underlied management                                                          in the event that the Issuer or Public Company
                                believe that there are no matters that had the potential                                                    did not have a committee that supports the
                                to significantly affect the company’s business continuity in                                                implementation of the duties of the Board of
                                the last financial year.                                                                                    Directors, then this should be disclosed.
 Good Corporate Governance                                                                                   Board of Commissioners   1. Duties and responsibilities of the Board of Commissioners;
 GMS                            Information regarding the resolutions of the GMS in the                                               2. A statement that the Board of Commissioners had
                                financial year and 1 (one) year before the financial year                                                guidelines or charter for the Board of Commissioners;
                                included:
                                                                                                                                      3. Policy and implementation of the frequency of
                                a. resolutions of the GMS in the financial year and 1                                                    meetings of the Board of Commissioners, meetings of
                                   (one) year before the financial year are realized in the                                              the Board of Commissioners with the Board of Directors
                                   financial year; and                                                                                   and the level of attendance of members of the
                                                                                                 616 - 639
                                b. resolutions of the GMS for the financial year and 1                                                   Board of Commissioners in these meetings, including
                                   (one) year before the financial year that have not                                                    attendance at the GMS.
                                   been realized and the reasons for not realizing them;                                                 Information on the level of attendance of members
                                in the event that the Issuer or Public Company uses an                                                   of the Board of Commissioners at the meeting of the
                                independent party in the conduct of the GMS to calculate                                                 Board of Commissioners, the meeting of the Board of
                                the votes, then this matter shall be disclosed.                                                          Commissioners with the Board of Directors, or the GMS
                                                                                                                                         can be presented in tabular form.
 Directors                      1   Duties and responsibilities of each member of the
                                    Board of Directors                                                                                4. training and/or competency improvement of members
                                                                                                                                         of the Board of Commissioners:
                                    Information regarding the duties and responsibilities of
                                    each member of the Board of Directors is described                                                   a. policies on training and/or improving the
                                    and can be presented in tabular form.                                                                   competence of members of the Board of
                                                                                                                                            Commissioners, including orientation programs
                                2. A statement that the Board of Directors had guidelines
                                                                                                                                            for newly appointed members of the Board of
                                   or charter for the Board of Directors;
                                                                                                                                            Commissioners (if any); and
                                3. Policy and implementation of the frequency of                                                                                                                          640 - 675
                                                                                                                                         b. training    and/or      competency   improvement
                                   meetings of the Board of Directors, meetings of the
                                                                                                                                            attended by members of the Board of Commissioners
                                   Board of Directors with the Board of Commissioners,
                                                                                                                                            in the financial year (if any);
                                   and the level of attendance of members of the Board
                                   of Directors in the meeting including attendance at                                                5. Performance appraisal of the Board of Directors and
                                   the GMS;                                                                                              the Board of Commissioners as well as each member of
                                                                                                                                         the Board of Directors and the Board of Commissioners,
                                    Information on the level of attendance of members of
                                                                                                                                         at least containing:
                                    the Board of Directors at the meeting of the Board of
                                    Directors, the meeting of the Board of Directors with the                                            a. performance          appraisal        implementation
                                    Board of Commissioners, or the GMS can be presented          748 - 799                                  procedures;
                                    in tabular form.                                                                                     b. the criteria used were performance achievements
                                5. Training and/or competency improvement                  of                                               during the financial year, competence and
                                   members of the Board of Directors:                                                                       attendance at meetings; and
                                    a. Policy on training and/or improving the competence                                                c. the party conducting the assessment; and
                                       of members of the Board of Directors, including an                                             6. The assessment of the Board of Commissioners on
                                       orientation program for newly appointed members                                                    the performance of the Committees that support
                                       of the Board of Directors (if any); and                                                            the implementation of the duties of the Board of
                                    b. Training   and/or       competency improvement                                                     Commissioners in the financial year includes:
                                       attended by members of the Board of Directors in                                                  a. performance appraisal procedures; and
                                       the financial year (if any);
                                                                                                                                         b. the criteria used are performance achievements
                                6. The Board of Directors’ assessment of the performance                                                    during the financial year, competence and
                                   of the committees supporting the implementation of                                                       attendance at meetings;
                                   the Board of Directors’ duties for the financial year shall
                                   at least contain:
                                    a. performance appraisal procedures; and




PT BANK MANDIRI (PERSERO) TBK                     1254                                                                                                  1255                                          ANNUAL REPORT 2024
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               Criteria                                     Explanation                             Page                    Criteria                                           Explanation                                  Page

 Independent       Commissioner     It included:                                                                                                     4. Educational history;
 (minimum 30% of the total Board    1. Criteria for determining the Independent Commissioner;                                                        5. Position history, including information on:
 of Commissioners)                      and
                                                                                                   658 - 659                                             a. Legal basis for appointment as committee member;
                                    2. Statement on the independence of each Independent                                                                 b. Concurrent positions, either as a member of the
                                        Commissioner.                                                                                                       Board of Commissioners, member of the Board of
 Nomination and remuneration At least it contained:                                                                                                         Directors, and/or committee member and other
 of the Board of Directors and the 1. The nomination procedure, including a brief description                                                               positions (if any); and
 Board of Commissioners               of the nomination policies and processes for members                                                               c. Work experience and period of time both inside
                                      of the Board of Directors and/or members of the Board                                                                 and outside the Issuer or Public Company;
                                      of Commissioners; and                                                                                          6. The period and term of office of the committee
                                    2.    Procedures and implementation of remuneration for                                                              members;
                                         the Board of Directors and the Board of Commissioners,                                                      7. Committee independence statement;
                                         including:
                                                                                                                                                     8. Training and/or competency improvement that have
                                         a. procedures for determining remuneration for the
                                                                                                   738 - 747                                            been followed in the financial year (if any);
                                            Board of Directors and the Board of Commissioners;
                                                                                                                                                     9. Description of duties and responsibilities;
                                         b. the remuneration structure of the Board of Directors
                                            and the Board of Commissioners such as salary,                                                           10. A statement of having a guideline or charter (charter);
                                            allowances, tantiem/bonus and others; and                                                                11. Policy and implementation of the frequency of
                                         c. the amount of remuneration for each member of                                                                meetings and the level of attendance of members at
                                            the Board of Directors and member of the Board of                                                            the meeting;
                                            Commissioners;                                                                                           12. Brief description of the implementation of activities in
                                    Disclosure of information can be presented in tabular form.                                                          the financial year; and

 Implementation of Good Corporate Governance in Providing Remuneration for Commercial Banks                                                          In the event that no nomination and remuneration
                                                                                                                                                     committee is formed, the Issuer or Public Company is
 Audit committee                    1. Name and position in committee membership;                                                                    sufficient to disclose the information as referred to in letter
                                    2. Age;                                                                                                          i) to letter l) and disclose:

                                    3. Nationality;                                                                                                  1. Reasons for not forming the committee; and

                                    4. Educational history;                                                                                          2. The party carrying out            the   nomination     and
                                                                                                                                                        remuneration function;
                                    5. Position history, including information on:
                                                                                                               Other committees owned by the         At least it contained:
                                         a. Legal basis for appointment as committee member;                   Issuer or Public Company in order     1. Name and position in committee membership;
                                         b. Concurrent positions, either as a member of the                    to support the functions and duties
                                            board of commissioners, member of the board of                     of the Board of Directors (if any)    2. Age;
                                            directors, and/or committee member and other                       and/or committees that                3. Nationality;
                                            positions (if any); and                                            supported the functions and duties
                                                                                                               of the Board of Commissioners         4. Educational history;
                                         c. Work experience and period of time both inside         681 - 693
                                            and outside the issuer or public company;                                                                5. Position history, including information on:

                                    6. Period and term of office of audit committee members;                                                             a. Legal basis for appointment as committee member;

                                    7. Statement of independence of the audit committee;                                                                 b. Concurrent positions, either as a member of the
                                                                                                                                                            board of commissioners, member of the board of
                                    8. Training and/or competency improvement that have                                                                     directors, and/or committee member and other
                                       been followed in the financial year (if any);                                                                        positions (if any); and                                        800 - 847
                                    9. Policy and implementation of the frequency of audit                                                               c. Work experience and period of time both inside
                                       committee meetings and the level of attendance of                                                                    and outside the issuer or public company;
                                       audit committee members at the meeting; and
                                                                                                                                                     6. The period and term of office of the committee
                                    10. Implementation of the audit committee’s activities for                                                          members;
                                        the financial year in accordance with the guidelines or
                                        charter of the audit committee;                                                                              7. Committee independence statement;

 Committee        or  function of At least it contained:                                                                                             8. Training and/or competency improvement followed in
 nomination and remuneration 1. Name and position in committee membership;                                                                              the financial year (if any); and
 Issuers or Public Companies                                                                       694 - 705                                         9. Description of duties and responsibilities;
                                  2. Age;
                                                                                                                                                     10. A statement that the committee has had guidelines or
                                    3. Nationality;                                                                                                      charters;


PT BANK MANDIRI (PERSERO) TBK                         1256                                                                                                             1257                                            ANNUAL REPORT 2024
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               Criteria                                 Explanation                             Page                    Criteria                                          Explanation                                    Page

                                11. Policy and implementation of the frequency of                          A description of the internal control 1. Financial and operational control, as well as
                                    committee meetings and the level of attendance of                      system implemented by the issuer         compliance with other laws and regulations;
                                    committee members at the meeting; and                                  or public company,                    2. Review of the effectiveness of the internal control
                                12. Brief description of the committee’s activities for the                                                         system; and                                                         885 - 891
                                    financial year;                                                                                              3. Statement of the Board of Directors and/or Board of
 Company secretary              1. Name;                                                                                                            Commissioners on the adequacy of the internal control
                                                                                                                                                    system;
                                2. Domicile;
                                                                                                           The risk management system            1. General description of the risk management system of
                                3. Position history, including:                                                                                                                                                           966
                                                                                                           implemented by the Issuer or             the Issuer or Public Company;
                                   a. Legal basis for appointment as company secretary;                    Public Company                        2. Types of risks and how to manage them;                                983
                                      and
                                                                                                                                                 3. Overview of the effectiveness of the risk management
                                   b. Work experience and period of time both inside                                                                                                                                      1004
                                                                                               848 - 866                                            system Issuer or Public Company; and
                                      and outside the issuer or public company;
                                                                                                                                                 4. Statement of the Board of Directors and/or the Board
                                   c. Educational history;
                                                                                                                                                    of Commissioners or the audit committee on the                        1004
                                   d. Training and/or competency improvement that                                                                   adequacy of the risk management system;
                                      was followed in the financial year; and
                                                                                                           Legal cases that have a material 1. Principal case/lawsuit;                                                  914 - 915
                                   e. A brief description of the implementation of the                     impact faced by the issuer or 2. Status of settlement of cases/claims; and                                   914 - 915
                                      duties of the corporate secretary for the financial                  public  company,        subsidiaries,
                                      year;                                                                members of the board of directors 3. The effect on the condition of the issuer or public
                                                                                                           and members of the board of           company;                                                               914 - 915
 Internal Audit Unit            1. Name of the head of the internal audit unit;
                                                                                                           commissioners (if any),
                                2. Position history, including:
                                                                                                           Information    on    administrative
                                   a. Legal basis for appointment as head of internal            870       sanctions/    sanctions  imposed
                                      audit unit; and                                                      on issuers or public companies,
                                   b. Work experience and period of time both inside                       members of the board of
                                      and outside the issuer or public company;                            commissioners and members of                                                                                   915
                                                                                                           the board of directors, by the
                                3. Qualification or certification as an internal audit
                                                                                               873- 875    financial services authority and
                                   profession (if any);
                                                                                                           other authorities in the financial
                                4. Training and/or competency improvement that was                         year (if any)
                                                                                                 876
                                    followed in the financial year;
                                                                                                           Access to company information
                                5. The structure and position of the internal audit unit;        871       and data: A description of the
                                6. Description of duties and responsibilities;                   872       availability of access to company
                                                                                                           information and data to the public,
                                7. A statement that the internal audit unit had a guideline
                                                                                                 872       for example through the website                                                                                926
                                   or charter; and                                                         (in Indonesian and English), mass
                                8. A brief description of the implementation of the internal               media, mailing lists, bulletins,
                                   audit unit’s duties for the financial year including                    meetings with analysts, and
                                   the policy and implementation of the frequency              877 - 879   so on.
                                   of meetings with the board of directors, board of                       Information regarding the code 1. The points of the code of ethics;                                            927
                                   commissioners, and/ or audit committee;                                 of conduct of the Issuer or Public 2. Disclosure that the code of ethics applied to all levels
 Public Accountant              1. Name and year of the public accountant who audited                      Company                                                                                                        932
                                                                                                                                                 of the organization;
                                   the annual financial statements for the last 5 years;
                                                                                                                                                 3. Dissemination of the code of ethics;                                  934
                                2. Name and year of the Public Accounting Firm that
                                   audited the annual financial statements for the last 5                                                        4. Sanctions for each type of violation stipulated in the
                                                                                                                                                                                                                          935
                                   years;                                                                                                           code of ethics (normative); and

                                3. The amount of the fee for each type of service provided                                                       5. The number of violations of the code of ethics along
                                                                                                                                                                                                                          936
                                   by the Public Accounting Firm in the last financial year;   880 - 884                                            with the sanctions given in the last financial year.
                                   and                                                                                                           Note: if there is no violation of the code of ethics in the last
                                4. Other services provided by Public Accounting Firms                                                            financial year, it must be disclosed.
                                   and public accountants other than auditing services
                                   for annual financial statements in the last financial
                                   year.
                                Note: if there was no other service, it should be disclosed.



PT BANK MANDIRI (PERSERO) TBK                     1258                                                                                                              1259                                            ANNUAL REPORT 2024
Page 352
OJK REFERENCE INDEX                                                                                                                                                                                       OJK REFERENCE INDEX




               Criteria                                          Explanation                            Page                     Criteria                                         Explanation                                 Page

 A brief description of the policy of    Information disclosed should at least contain:                            Policy regarding the diversity of
 providing long-term performance-                                                                                  the composition of the Board of
                                         1. Number of shares and/or options;
 based       compensation          to                                                                              Commissioners and the Board
 management and/or employees             2. Implementation period;                                                 of Directors. Description of the
 owned by the issuer or public           3. Requirements for        eligible    employees     and/or               Company’s       written   policies
 company (if any), including the            management; and                                                        regarding the diversity of the
 management stock ownership                                                                                        composition of the Board of                                                                               732 - 737
                                         4. Execution price or determination of exercise price.
 program (MSOP) and/or stock                                                                                       Commissioners and Directors in
 ownership program by employees                                                                                    education (field of study), work
 (employee      Stock     ownership                                                                    441 - 442   experience, age, and gender.
 program/ESOP);                                                                                                    Note: if there was no such policy,
                                                                                                                   the reasons and considerations
 In  the   case    of  providing                                                                                   should be disclosed.
 compensation in the form of a                                                                                     Implementation        of      Public    1. Statement of recommendations that had been
 management stock ownership                                                                                        Company governance guidelines              implemented; and/or
 program (MSOP) and/or an                                                                                          for Issuers issuing equity securities
 employee     stock   ownership                                                                                                                            2. Explanation of recommendations that had not been
                                                                                                                   or Public Companies                                                                                       586 - 604
 program (ESOP),                                                                                                                                               implemented, along with reasons and alternative
                                                                                                                                                               implementations (if any).

 Brief description of Information 1. Share ownership of members of the board of directors                                                                  Disclosure of information can be presented in table format.
 disclosure policy                   and members of the board of commissioners no later                            GCG Implementation Assessment It contained a description of:
                                     than 3 (three) working days after the occurrence of                           for the financial year 2024 which
                                                                                                         658
                                     ownership or any change in ownership of shares of a                           included at least aspects of the 1. Criteria used in the assessment
                                     public company; and                                                           Board of Commissioners and the 2. The party conducting the assessment
                                                                                                                   Board of Directors                                                                                        576 - 585
                                         2. Implementation of the policy;                                                                            3. The assessment score of each criterion
 Description of the whistleblowing       1. How to submit a violation report;                                                                              4. Recommended assessment results
 system at the Issuer or Public          2. Protection for whistleblowers;                                                                                 5. Reasons for not yet/not implemented recommendations.
 Company
                                         3. Handling of complaints;                                                Financial Information
                                         4. The party managing the complaint; and
                                                                                                                   Statement Letter of the Board Compliance         with    related   regulations          regarding
                                         5. The results of the handling of complaints, at least:                   of   Directors  and/or    Board Responsibility for Financial Statements.
                                                                                                       944 - 947                                                                                                          FS pages 1265
                                            a. Number of complaints received and processed in                      of   Commissioners    regarding
                                               the financial year; and                                             Responsibility  for    Financial
                                                                                                                   Statements
                                            b. Follow-up on complaints;
                                                                                                                   Independent auditor’s opinion on
                                               In the event that the issuer or public company did                                                                                                                         FS pages 1266
                                                                                                                   financial statements
                                               not have a whistleblowing system, then this should
                                               be disclosed.                                                       Description     of       Independent The description contained about:
                                                                                                                   Auditor in Opinion
 Description of the Issuer’s or Public   1. Programs and procedures implemented in overcoming                                                              1. Name and signature;
                                                                                                                                                                                                                             FS pages
 Company’s anti-corruption policy           the practice of corruption, kickbacks, fraud, bribery                                                          2. Date of the Audit Report; and                                 1266 - 1277
                                            and/ or gratuities in Issuers or Public Companies; and
                                                                                                                                                           3. KAP license number and Public Accountant license
                                         2. Anti-corruption training/socialization for employees of                                                           number.
                                                                                                         937
                                            Issuers or Public Companies;
                                                                                                                   Complete financial reports              It completely contained the elements of the financial
                                         3. In the event that the Issuer or Public Company did not                                                         statements:
                                            have an anti-corruption policy, the reasons for not
                                                                                                                                                           1. Statement of financial position;
                                            having the said policy should be explained.
                                                                                                                                                           2. Statement of profit or loss and other comprehensive
                                                                                                                                                              income;                                                        FS pages
                                                                                                                                                           3. Statement of changes in equity;                               1266 - 1722
                                                                                                                                                           4. Cash flow statement;
                                                                                                                                                           5. Notes to financial statements;
                                                                                                                                                           6. Comparative information about the previous period;
                                                                                                                                                              and




PT BANK MANDIRI (PERSERO) TBK                              1260                                                                                                             1261                                         ANNUAL REPORT 2024
Page 353
OJK REFERENCE INDEX                                                                                                                                                                                                      OJK REFERENCE INDEX




               Criteria                                            Explanation                                    Page                         Criteria                                         Explanation                                   Page

                                          7. Statement of financial position at the beginning of the                             Disclosures relating to fixed assets   The things that were disclosed included:
                                             previous period when the entity applies an accounting                                                                      1. The depreciation method used;
                                             policy retrospectively or restates financial statement
                                             items, or when the entity reclassifies items in its financial                                                              2. A description of the accounting policy chosen
                                             statements (if relevant).                                                                                                     between the revaluation model and the cost model;

 Profitability level comparison           Comparison of performance/profit (loss) for the current                FS pages                                               3. The significant methods and assumptions used in
                                          year with the previous year                                           1287 - 1289                                                estimating the fair value of property, plant and                  FS pages
                                                                                                                                                                           equipment (for the revaluation model) or the disclosure       1416, 1480 – 1488
                                                                                                                                                                           of the fair value of property, plant and equipment (for
 Cash flow statement                      It should meet the following conditions:                                                                                         the cost model); and
                                          1. Grouping into three categories of activities: operating,
                                                                                                              FS pages 1580                                             4. Reconciliation of gross carrying amount and
                                             investing, and financing;                                                                                                     accumulated depreciation of property, plant and
                                          2. Using the direct method to report cash flows from                                                                             equipment at the beginning and end of the period by
                                                                                                              FS pages 1719
                                             operating activities;                                                                                                         showing: addition, subtraction and reclassification.
                                          3. Separation of presentation between cash receipts and                                Disclosures relating to operating The things that were disclosed included:
                                             or cash disbursements during the year in operating,                                 segments
                                                                                                                 FS pages                                          1. General information covering the factors used to
                                             investing and financing activities; and
                                                                                                                1719 - 1721                                           identify the reported segments;
                                          4. Disclosure of non-cash transactions must be included                                                                       2. Information on the reported segment’s profit or loss,
                                             in the notes to the financial statements.                                                                                     assets and liabilities;
 Accounting Policy Overview               It included at least:                                                                                                                                                                           FS pages 1624
                                                                                                                                                                        3. Reconciliation of total segment revenue, reported
                                          1. Statement of compliance with SAK;                                                                                             segment profit or loss, segment assets, segment
                                                                                                                                                                           liabilities, and other material segment elements to the
                                          2. Basis of measurement and preparation of financial                   FS pages                                                  related amounts within the entity; and
                                             statements;                                                     1117, 1192 – 1194
                                                                                                                                                                        4. Disclosure at the entity level, which included information
                                          3. Income tax;
                                                                                                                                                                           about products and/or services, geographic areas
                                          4. Work benefits; and                                                                                                            and key customers.
                                          5. inancial Instruments.                                                               Disclosures relating to Financial      The things that were disclosed included:
 Disclosure   of    related       party   The things that were disclosed included:                                               Instruments                            1. Details of financial instruments owned based on their
 transactions                                                                                                                                                              classification;
                                          1. Name of the related party, as well as the nature and
                                             relationship with the related party;                               FS pages                                                2. Fair values and their hierarchy for each group of
                                                                                                               1710 – 1713                                                 financial instruments;                                           FS pages
                                          2. Transaction value and its percentage to the total
                                                                                                                                                                                                                                           1286 – 1291
                                             related revenues and expenses; and                                                                                         3. Explanation of risks associated with financial
                                          3. Total balance and its percentage to the total related                                                                         instruments: market risk, credit risk and liquidity risk;
                                             assets or liabilities.                                                                                                     4. Risk management policy; and
 Disclosures related to taxation          The things that were disclosed included:                                                                                      5. Analysis of the risks associated with financial instruments
                                          1. Fiscal reconciliation and calculation of current tax                                                                          quantitatively.
                                             burden;                                                                             Issuance of financial statements       The things that were disclosed included:
                                          2. Explanation of the relationship between tax expense                                                                        1. The date on which the financial statements were                FS Pages Board
                                             (income) and accounting profit;                                                                                               authorized for issue; and                                        of Directors’
                                          3. A statement that the reconciled Taxable Profit                                                                                                                                              Statement Letter
                                                                                                                                                                        2. The party responsible for authorizing the financial
                                             (LKP) was used as the basis for filling out the Annual             FS pages                                                   statements.
                                             Corporate Income Tax Return;                                      1402 – 1404
                                          4. Details of deferred tax assets and liabilities recognized
                                             in the statement of financial position for each
                                             presentation period, and the amount of deferred tax
                                             expense (income) recognized in profit or loss if the
                                             amount was not reflected in the amount of deferred
                                             tax assets or liabilities recognized in the statement of
                                             position. finance; and
                                          5. Disclosure of whether or not there is a tax dispute.




PT BANK MANDIRI (PERSERO) TBK                                1262                                                                                                                         1263                                           ANNUAL REPORT 2024
Page 354
        FINANCIAL STATEMENTS 2024




                                           PT BANK MANDIRI (PERSERO) TBK.
                                           DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
                                           LAPORAN KEUANGAN KONSOLIDASIAN/
                                           CONSOLIDATED FINANCIAL STATEMENTS

                                           31 DESEMBER 2024 DAN 2023/
                                           31 DECEMBER 2024 AND 2023




     Financial
     Statements 2024

PT BANK MANDIRI (PERSERO) TBK       1264                      1265             ANNUAL REPORT 2024
Page 355
        FINANCIAL STATEMENTS 2024




PT BANK MANDIRI (PERSERO) TBK       1266   1267   ANNUAL REPORT 2024
Page 356
        FINANCIAL STATEMENTS 2024




PT BANK MANDIRI (PERSERO) TBK       1268   1269   ANNUAL REPORT 2024
Page 357
        FINANCIAL STATEMENTS 2024




PT BANK MANDIRI (PERSERO) TBK       1270   1271   ANNUAL REPORT 2024
Page 358
        FINANCIAL STATEMENTS 2024




PT BANK MANDIRI (PERSERO) TBK       1272   1273   ANNUAL REPORT 2024
Page 359
        FINANCIAL STATEMENTS 2024




PT BANK MANDIRI (PERSERO) TBK       1274   1275   ANNUAL REPORT 2024
Page 360
        FINANCIAL STATEMENTS 2024




PT BANK MANDIRI (PERSERO) TBK       1276   1277   ANNUAL REPORT 2024
Page 361
        FINANCIAL STATEMENTS 2024




                                                                               PT BANK MANDIRI (PERSERO) Tbk.
                                                                          DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

                                           LAPORAN KEUANGAN KONSOLIDASIAN                                  CONSOLIDATED FINANCIAL STATEMENTS
                                           31 DESEMBER 2024 DAN 2023                                                31 DECEMBER 2024 AND 2023



                                                                                           Daftar Isi/
                                                                                       Table of Contents

                                                                                                                                Halaman/Pages


                                           Laporan Posisi Keuangan Konsolidasian/
                                           Consolidated Statements of Financial Position                                                    1279
                                                                                                                                              - 8 - 1286

                                           Laporan Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian/
                                           Consolidated Statements of Profit or Loss and Other Comprehensive Income                        91287
                                                                                                                                             - 11 - 1294

                                           Laporan Perubahan Ekuitas Konsolidasian/
                                           Consolidated Statements of Changes in Equity                                                   121295
                                                                                                                                             - 13 - 1305

                                           Laporan Arus Kas Konsolidasian/
                                           Consolidated Statements of Cash Flows                                                          141306
                                                                                                                                             - 17 - 1308

                                           Catatan Atas Laporan Keuangan Konsolidasian/
                                           Notes to the Consolidated Financial Statements                                               18 -1309
                                                                                                                                             431 - 1659

                                           Informasi Keuangan Entitas Induk/
                                           Parent Entity Financial Information

                                                Laporan Posisi Keuangan Entitas Induk/
                                                Statements of Financial Position - Parent Entity                            Lampiran/Appendix 1

                                                Laporan Laba Rugi dan Penghasilan Komprehensif Lain Entitas Induk/
                                                Statements of Profit or Loss and Other Comprehensive
                                                  Income - Parent Entity                                                    Lampiran/Appendix 2

                                                Laporan Perubahan Ekuitas Entitas Induk/
                                                Statements of Changes in Equity - Parent Entity                             Lampiran/Appendix 3

                                                Laporan Arus Kas Entitas Induk/
                                                Statements of Cash Flows - Parent Entity                                    Lampiran/Appendix 4




                                                                                      ************************




PT BANK MANDIRI (PERSERO) TBK       1278                                                           1279                         ANNUAL REPORT 2024
Page 362
         FINANCIAL STATEMENTS 2024


                                          PT BANK MANDIRI (PERSERO) Tbk.                                                                                                               PT BANK MANDIRI (PERSERO) Tbk.
                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN                                                                    CONSOLIDATED STATEMENTS OF                        LAPORAN POSISI KEUANGAN                                                                     CONSOLIDATED STATEMENTS OF
KONSOLIDASIAN                                                                                             FINANCIAL POSITION                 KONSOLIDASIAN                                                                                              FINANCIAL POSITION
31 DESEMBER 2024 DAN 2023                                                                        31 DECEMBER 2024 AND 2023                   31 DESEMBER 2024 DAN 2023                                                                         31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)            (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

                                        Catatan/                                                                                                                                     Catatan/
                                         Notes                  2024                   2023                                                                                           Notes                  2024                    2023

ASET                                                                                                                           ASSETS        ASET (lanjutan)                                                                                                   ASSETS (continued)

Kas                                  2c,2g,62.B.(vii)           31.665.082            26.431.740                                   Cash      Tagihan atas efek-efek yang dibeli                                                                         Securities purchased under
                                                                                                                                               dengan janji dijual kembali          2c,2f,2m,10                                                             agreements to resell
                                                                                                                Current accounts with          Pihak berelasi                                                     4.613                      -                    Related parties
Giro pada Bank Indonesia               2c,2g,2h,4           105.146.044              108.605.322                   Bank Indonesia              Pihak ketiga                                                   8.285.525             22.692.928                       Third parties
                                                                                                                                               Total                                                          8.290.138             22.692.928                                 Total
                                                                                                                Current accounts with
Giro pada bank lain                   2c,2f,2g,2h,5                                                                    other banks           Tagihan derivatif                      2c,2f,2n,11                                                               Derivative receivables
  Pihak berelasi                            56                     194.411               461.097                    Related parties            Pihak berelasi                           56                    2.948.995                 198.156                   Related parties
  Pihak ketiga                                                  46.474.028            36.144.993                      Third parties            Pihak ketiga                                                   4.812.513               1.796.775                     Third parties
                                                                46.668.439            36.606.090                                               Total                                                          7.761.508               1.994.931                                Total
  Dikurangi: cadangan                                                                                           Less: allowance for
    kerugian penurunan nilai                                         (30.755)              (32.205)            impairment losses             Kredit yang diberikan dan                                                                                             Loans and sharia
                                                                                                                                               piutang/pembiayaan syariah           2c,2f,2o,12                                                              receivables/financing
  Neto                                                          46.637.684            36.573.885                                  Net          Pihak berelasi                           56                291.635.100              238.081.020                     Related parties
                                                                                                                                               Pihak ketiga                                             1.331.581.512            1.121.751.175                       Third parties
Penempatan pada                                                                                                       Placements with                                                                   1.623.216.612            1.359.832.195
  Bank Indonesia                                                                                                     Bank Indonesia            Dikurangi: cadangan                                                                                            Less: allowance for
  dan bank lain                         2c,2f,2i,6                                                                  and other banks              kerugian penurunan nilai                                    (49.354.645)           (53.098.619)             impairment losses
  Pihak berelasi                           56                    3.107.120             2.049.472                     Related parties
  Pihak ketiga                                                  60.122.934            71.838.685                       Third parties           Neto                                                     1.573.861.967            1.306.733.576                                  Net
                                                                63.230.054            73.888.157                                             Piutang pembiayaan                                                                                                  Consumer financing
  Dikurangi: cadangan                                                                                           Less: allowance for            konsumen                             2c,2f,2p,13                                                                       receivables
    kerugian penurunan nilai                                          (1.679)                 (957)            impairment losses               Pihak berelasi                           56                       41.346                 11.542                    Related parties
                                                                                                                                               Pihak ketiga                                                  41.531.960             32.738.254                       Third parties
  Neto                                                          63.228.375            73.887.200                                  Net
                                                                                                                                                                                                             41.573.306             32.749.796
Efek-efek                               2c,2f,2j,7                                                               Marketable securities         Dikurangi: cadangan                                                                                            Less: allowance for
  Pihak berelasi                           56                   20.223.075            23.774.139                    Related parties              kerugian penurunan nilai                                      (934.353)               (713.044)            impairment losses
  Pihak ketiga                                                  75.118.481            70.807.983                      Third parties
                                                                                                                                               Neto                                                          40.638.953             32.036.752                                  Net
                                                                95.341.556            94.582.122                                             Investasi bersih dalam                                                                                          Net investment finance
  Ditambah/(dikurangi):                                                                                                  Add/(less):           sewa pembiayaan                       2c,2q,14                                                                              leases
    Premi/(diskonto) yang belum                                                                                     unamortised                Pihak ketiga                                                   5.757.076               5.489.242                      Third parties
    diamortisasi, keuntungan/                                                                          premiums/(discount rate),
    (kerugian) - neto yang                                                                                      unrealised gains/              Dikurangi: cadangan                                                                                            Less: allowance for
    belum direalisasi dari                                                                                    (losses) - net from                kerugian penurunan nilai                                      (103.337)                 (70.170)            impairment losses
    kenaikan/(penurunan)                                                                                    increase/(decrease)
    nilai wajar dan                                                                                                  in fair value             Neto                                                           5.653.739               5.419.072                                 Net
    cadangan kerugian                                                                                          and allowance for
    penurunan nilai                                                  136.495               (36.281)           impairment losses              Tagihan akseptasi                      2c,2f,2u,15                                                             Acceptance receivables
                                                                                                                                               Pihak berelasi                           56                    1.698.864              2.250.427                   Related parties
  Neto                                                          95.478.051            94.545.841                                  Net          Pihak ketiga                                                   7.615.001             12.543.461                     Third parties

Obligasi pemerintah                                                                                                Government bonds                                                                           9.313.865             14.793.888
 Pihak berelasi                       2c,2f,2k,8,56         287.272.659              309.182.971                    Related parties            Dikurangi: cadangan                                                                                            Less: allowance for
                                                                                                                                                 kerugian penurunan nilai                                          (31.340)            (122.212)             impairment losses
Tagihan lainnya - transaksi                                                                                  Other receivables - trade         Neto                                                           9.282.525             14.671.676                                  Net
  perdagangan                           2c,2f,2l,9                                                                     transactions
  Pihak berelasi                           56                    7.054.667             7.581.513                    Related parties          Penyertaan saham                         2f,2s,16                                                                Investments in shares
  Pihak ketiga                                                  22.919.450            18.463.040                      Third parties            Pihak berelasi                            56                   1.023.142                 652.420                   Related parties
                                                                                                                                               Pihak ketiga                                                   1.395.592               1.209.067                      Third parties
                                                                29.974.117            26.044.553
  Dikurangi: cadangan kerugian                                                                                  Less: allowance for                                                                           2.418.734               1.861.487
    penurunan nilai                                             (1.422.889)            (1.494.653)             impairment losses               Dikurangi: cadangan kerugian                                                                                   Less: allowance for
                                                                                                                                                 penurunan nilai                                                    (1.986)              (34.123)            impairment losses
  Neto                                                          28.551.228            24.549.900                                  Net
                                                                                                                                               Neto                                                           2.416.748               1.827.364                                 Net



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

                                                                 1                                                                                                                                             2
PT BANK MANDIRI (PERSERO) TBK                           1280                                                                                                                                                  1281                                            ANNUAL REPORT 2024
Page 363
         FINANCIAL STATEMENTS 2024


                                                                                                                                                                                        PT BANK MANDIRI (PERSERO) Tbk.
                                          PT BANK MANDIRI (PERSERO) Tbk.
                                                                                                                                                                                   DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
                                                                                                                                              LAPORAN POSISI KEUANGAN                                                                    CONSOLIDATED STATEMENTS OF
LAPORAN POSISI KEUANGAN                                                                     CONSOLIDATED STATEMENTS OF                        KONSOLIDASIAN                                                                                             FINANCIAL POSITION
KONSOLIDASIAN                                                                                              FINANCIAL POSITION                 31 DESEMBER 2024 DAN 2023                                                                        31 DECEMBER 2024 AND 2023
31 DESEMBER 2024 DAN 2023                                                                         31 DECEMBER 2024 AND 2023
                                                                                                                                              (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)
                                                                                                                                                                                      Catatan/
                                        Catatan/                                                                                                                                       Notes                  2024                  2023
                                         Notes                  2024                    2023
                                                                                                                                              LIABILITAS, DANA                                                                                       LIABILITIES, TEMPORARY
ASET (lanjutan)                                                                                                   ASSETS (continued)            SYIRKAH TEMPORER                                                                                            SYIRKAH FUNDS
                                                                                                                                                DAN EKUITAS                                                                                                     AND EQUITY
Biaya dibayar dimuka                       17                    4.827.723               2.719.789                   Prepaid expenses
                                                                                                                                              LIABILITAS                                                                                                               LIABILITIES
Pajak dibayar dimuka                    2ad,33a                       739.015              436.532                        Prepaid taxes                                                                                                                             Obligations due
                                                                                                                                              Liabilitas segera                          2w                    5.703.731             4.484.956                       immediately
Aset tetap                             2r.i,2r.ii,18            90.458.680             82.315.031                         Fixed assets
  Dikurangi: akumulasi                                                                                            Less: accumulated           Simpanan nasabah                                                                                            Deposits from customers
    penyusutan                                                  (27.427.835)           (24.337.324)                   depreciation                                                                                                                            Demand deposits
                                                                                                                                                Giro dan                                                                                                          and wadiah
                                                                                                                                                  giro wadiah                        2c,2f,2x,21                                                            demand deposits
  Neto                                                          63.030.845             57.977.707                                  Net
                                                                                                                                                  Pihak berelasi                         56               154.155.472             166.637.832                 Related parties
                                                                                                                                                  Pihak ketiga                                            414.420.537             385.721.324                    Third parties
Aset takberwujud                         2r.iii,19              15.743.152             13.669.071                    Intangible assets            Total                                                   568.576.009             552.359.156                              Total
  Dikurangi: akumulasi                                                                                            Less: accumulated
    amortisasi                                                   (8.698.409)            (7.794.473)                   amortisation              Tabungan dan                                                                                                Saving deposits and
                                                                                                                                                  tabungan                                                                                                     wadiah saving
                                                                                                                                                  wadiah                             2c,2f,2x,22                                                                     deposits
  Neto                                                           7.044.743               5.874.598                                 Net            Pihak berelasi                         56                 6.339.043               7.540.541                 Related parties
                                                                                                                                                  Pihak ketiga                                            573.852.753             501.750.948                    Third parties

Aset lain-lain                       2c,2t,2v,2af,20            38.930.431             39.474.741                        Other assets             Total                                                   580.191.796             509.291.489                              Total
  Dikurangi: penyisihan                                                                                    Less: allowance for other
    lainnya                                                      (1.587.650)            (1.596.320)            impairment losses                Deposito berjangka                   2c,2f,2x,23                                                                   Time deposits
                                                                                                                                                  Pihak berelasi                         56                53.490.298              34.852.981                   Related parties
                                                                                                                                                  Pihak ketiga                                            243.976.854             254.944.523                     Third parties
  Neto                                                          37.342.781             37.878.421                                  Net
                                                                                                                                                  Total                                                   297.467.152             289.797.504                              Total
Aset pajak tangguhan - neto             2ad,33e                  8.353.454             10.179.244             Deferred tax assets - net
                                                                                                                                                Total simpanan                                                                                                Total deposits from
TOTAL ASET                                                 2.427.223.262            2.174.219.449                     TOTAL ASSETS                nasabah                                                1.446.234.957          1.351.448.149                        customers
                                                                                                                                              Simpanan dari                                                                                                       Deposits from
                                                                                                                                                bank lain                                                                                                          other banks
                                                                                                                                                Giro,                                                                                                 Demand deposits, wadiah
                                                                                                                                                  giro wadiah dan                                                                                         demand deposits
                                                                                                                                                  tabungan                           2c,2f,2y,24                                                        and saving deposits
                                                                                                                                                  Pihak berelasi                         56                    4.299.236               183.333              Related parties
                                                                                                                                                  Pihak ketiga                                                 4.790.802             6.510.250                 Third parties

                                                                                                                                                  Total                                                        9.090.038             6.693.583                             Total
                                                                                                                                                Inter-bank call money                 2c,2y,25                                                             Inter-bank call money
                                                                                                                                                   Pihak berelasi                        56                    1.931.400               100.000                  Related parties
                                                                                                                                                   Pihak ketiga                                                8.030.154             7.181.896                    Third parties

                                                                                                                                                  Total                                                        9.961.554             7.281.896                             Total
                                                                                                                                                Deposito berjangka                   2c,2f,2y,26                                                                   Time deposits
                                                                                                                                                  Pihak berelasi                         56                      289.710               384.925                  Related parties
                                                                                                                                                  Pihak ketiga                                                 7.701.407             3.324.376                    Third parties

                                                                                                                                                  Total                                                        7.991.117             3.709.301                             Total

                                                                                                                                                Total simpanan dari                                                                                           Total deposits from
                                                                                                                                                  bank lain                                                   27.042.709           17.684.780                      other banks
                                                                                                                                              Liabilitas kepada pemegang polis                                                                                 Liabilities to unit-link
                                                                                                                                                pada kontrak unit-link                  2z,27                 28.012.886           29.194.702                       policyholders




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

                                                                  3                                                                                                                                            4
PT BANK MANDIRI (PERSERO) TBK                          1282                                                                                                                                                   1283                                           ANNUAL REPORT 2024
Page 364
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                              PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

LAPORAN POSISI KEUANGAN                                                                     CONSOLIDATED STATEMENTS OF                       LAPORAN POSISI KEUANGAN                                                                    CONSOLIDATED STATEMENTS OF
KONSOLIDASIAN                                                                                              FINANCIAL POSITION                KONSOLIDASIAN                                                                                             FINANCIAL POSITION
31 DESEMBER 2024 DAN 2023                                                                         31 DECEMBER 2024 AND 2023                  31 DESEMBER 2024 DAN 2023                                                                        31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)           (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)

                                        Catatan/                                                                                                                                     Catatan/
                                         Notes                  2024                   2023                                                                                           Notes                  2024                   2023


LIABILITAS, DANA                                                                                        LIABILITIES, TEMPORARY               LIABILITAS, DANA                                                                                        LIABILITIES, TEMPORARY
  SYIRKAH TEMPORER                                                                                             SYIRKAH FUNDS                   SYIRKAH TEMPORER                                                                                             SYIRKAH FUNDS
                                                                                                                                               DAN EKUITAS (lanjutan)                                                                                AND EQUITY (continued)
  DAN EKUITAS (lanjutan)                                                                                AND EQUITY (continued)
                                                                                                                                             LIABILITAS (lanjutan)                                                                                        LIABILITIES (continued)
LIABILITAS (lanjutan)                                                                                        LIABILITIES (continued)
                                                                                                                                             Pinjaman dan efek-efek                                                                                        Subordinated loans and
Liabilitas atas efek-efek yang                                                                                        Securities sold          subordinasi                        2c,2f, 2ac,37,59                                                         marketable securities
  dijual dengan janji                                                                                            under agreements              Pihak berelasi                            56                        40.000               35.000                  Related parties
  dibeli kembali                       2c,2m,28,59                                                          to repurchase liabilities          Pihak ketiga                                                       364.015              380.735                     Third parties
  Pihak ketiga                                                  90.256.225            36.330.064                      Third parties
                                                                                                                                                                                                                  404.015              415.735
Liabilitas derivatif                    2c,2f,2n,11                                                                Derivative payables         Dikurangi: biaya penerbitan                                                                                    Less: unamortised
  Pihak berelasi                            56                   2.133.504                 76.404                   Related parties              yang belum diamortisasi                                             (453)                 (564)                issuance cost
  Pihak ketiga                                                   5.203.494              2.037.449                      Third parties
                                                                                                                                               Neto                                                               403.562              415.171
  Total                                                          7.336.998              2.113.853                                Total

Liabilitas akseptasi                    2c,2f,2u,29                                                              Acceptance payables         TOTAL LIABILITAS                                           1.860.408.316           1.660.442.815                 TOTAL LIABILITIES
  Pihak berelasi                            57                   2.565.287             2.614.261                    Related parties
  Pihak ketiga                                                   6.570.726            12.179.627                      Third parties

  Total                                                          9.136.013            14.793.888                                 Total       DANA SYIRKAH                                                                                                TEMPORARY SYIRKAH
                                                                                                                                              TEMPORER                                2f,2ae,38                                                                    FUNDS
Liabilitas pajak tangguhan               2ad,33e                       9.278                      -              Deferred tax liabilities
                                                                                                                                             Simpanan nasabah                                                                                         Deposits from customers
                                                                                                                                               Pihak berelasi                            56                                                                    Related parties
Efek-efek yang diterbitkan            2c,2f,2aa,30,59                                                           Debt securities issued
                                                                                                                                               Giro - investasi terikat                                                                                    Demand deposits
  Pihak berelasi                             56                  4.580.825             5.066.435                   Related parties               dan giro                                                                                     - restricted investment and
  Pihak ketiga                                                  36.639.142            45.329.621                      Third parties              mudharabah -                                                                                       mudharabah demand
                                                                                                                                                 investasi                                                                                         deposits - unrestricted
                                                                41.219.967            50.396.056                                                 tidak terikat                          38a.1                19.798.526            17.574.469                   investment
  Dikurangi: biaya penerbitan                                                                                    Less: unamortised             Tabungan - investasi                                                                                           Saving deposits
    yang belum diamortisasi                                          (78.900)              (78.292)            debt issuance cost                terikat dan                                                                                       - restricted investment
                                                                                                                                                 investasi                                                                                                and unrestricted
  Neto                                                          41.141.067            50.317.764                                  Net            tidak terikat -                                                                                                investment
                                                                                                                                                 mudharabah                            38a.2a                     375.768             191.661                - mudharabah
Estimasi kerugian atas                                                                                            Estimated losses on          Deposito mudharabah -                                                                                       Mudharabah time
  komitmen dan                                                                                                    commitments and                investasi                                                                                         deposits - unrestricted
  kontinjensi                             2c,31c                 1.114.013              1.143.758                     contingencies              tidak terikat                         38a.3                 37.757.408            27.906.491                   investment

Beban yang masih harus dibayar           2c,2af,32               5.466.461              4.799.446                   Accrued expenses                                                                         57.931.702            45.672.621

Utang pajak                              2ad,33b                 3.078.642              2.690.902                        Taxes payable         Pihak ketiga                                                                                                        Third parties
                                                                                                                                               Giro - investasi terikat                                                                                      Demand deposits
                                                                                                                     Employee benefit            dan giro                                                                                     - restricted investments and
Liabilitas imbalan kerja                 2ai,34,51               7.160.018            11.894.629                          liabilities            mudharabah                                                                                     mudharabah musytarakah
                                                                                                                                                 musytarakah                           38a.1                 17.389.993            14.779.396              demand deposits
Provisi                                    63b                       264.275              286.081                              Provision       Tabungan - investasi                                                                                             Saving deposits
                                                                                                                                                 terikat dan                                                                                         - restricted investment
                                                                                                                                                 investasi tidak                                                                                             and unrestricted
Liabilitas lain-lain                      2c,35                 40.131.500            37.399.213                        Other liabilities        terikat -                                                                                                        investment
                                                                                                                                                 mudharabah                            38a.2a                84.878.381            77.508.409                  - mudharabah
Pinjaman yang diterima                2c,2f,2ab,36,59                                                                 Fund borrowings          Deposito mudharabah -                                                                                           Mudharabah time
  Pihak berelasi                             56               4.627.957                2.481.824                     Related parties             investasi                                                                                            deposits - unrestricted
  Pihak ketiga                                              143.288.024               92.963.635                       Third parties             tidak terikat                         38a.3                 92.461.883            87.541.044                     investment
  Total                                                     147.915.981               95.445.459                                 Total                                                                   194.730.257              179.828.849

                                                                                                                                               Total simpanan                                                                                                 Total deposits from
                                                                                                                                                 nasabah                                                 252.661.959              225.501.470                       customers


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

                                                                 5                                                                                                                                            6
PT BANK MANDIRI (PERSERO) TBK                           1284                                                                                                                                                 1285                                            ANNUAL REPORT 2024
Page 365
        FINANCIAL STATEMENTS 2024


                                          PT BANK MANDIRI (PERSERO) Tbk.                                                                                                               PT BANK MANDIRI (PERSERO) Tbk.
                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN                                                                    CONSOLIDATED STATEMENTS OF                        LAPORAN POSISI KEUANGAN                                                                    CONSOLIDATED STATEMENTS OF
KONSOLIDASIAN                                                                                             FINANCIAL POSITION                 KONSOLIDASIAN                                                                                             FINANCIAL POSITION
31 DESEMBER 2024 DAN 2023                                                                        31 DECEMBER 2024 AND 2023                   31 DESEMBER 2024 DAN 2023                                                                        31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)            (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)
                                        Catatan/                                                                                                                                     Catatan/
                                         Notes                  2024                   2023                                                                                           Notes                  2024                  2023

LIABILITAS, DANA                                                                                        LIABILITIES, TEMPORARY               LIABILITAS, DANA                                                                                       LIABILITIES, TEMPORARY
  SYIRKAH TEMPORER                                                                                             SYIRKAH FUNDS                   SYIRKAH TEMPORER                                                                                            SYIRKAH FUNDS
  DAN EKUITAS (lanjutan)                                                                                AND EQUITY (continued)                 DAN EKUITAS (lanjutan)                                                                               AND EQUITY (continued)
DANA SYIRKAH                                                                                                TEMPORARY SYIRKAH                EKUITAS (lanjutan)                                                                                               EQUITY (continued)
 TEMPORER (lanjutan)                                                                                          FUNDS (continued)
                                                                                                                                             Kerugian neto yang belum
Simpanan dari bank lain                                                                                    Deposits from other banks           direalisasi dari penurunan                                                                                Net unrealised loss from
  Pihak ketiga                                                                                                          Third parties          nilai wajar aset keuangan                                                                                  decrease in fair value
  Giro mudharabah -                                                                                          Mudharabah demand                 dalam kelompok                                                                                                 of financial assets
    investasi                                                                                              deposits - unrestricted             nilai wajar                                                                                               classified as fair value
    tidak terikat                          38b                        47.282                63.394                     investment              melalui penghasilan                                                                                                  through other
  Tabungan mudharabah -                                                                                        Mudharabah saving               komprehensif lain setelah                                                                                comprehensive income
    investasi                                                                                              deposits - unrestricted             dikurangi pajak tangguhan               2j,2k                 (2.160.850)           (1.837.760)              - net of deferred tax
    tidak terikat                          38b                       536.509              580.115                      investment
  Deposito mudharabah -                                                                                          Mudharabah time             Bagian efektif lindung nilai                                                                                       Effective portion of
    investasi                                                                                              deposits - unrestricted             arus kas                                 2n                        (8.885)                 1.429                cash flow hedges
    tidak terikat                          38b                        94.515              136.693                      investment
                                                                                                                                             Selisih bersih revaluasi                                                                                       Net differences in fixed
                                                                                                                                               aset tetap                               2r.i                 34.772.745           34.716.693                 assets revaluation
  Total simpanan dari                                                                                            Total deposits from
    bank lain                                                        678.306              780.202                     other banks            Keuntungan neto aktuarial                                                                                      Net actuarial gain from
                                                                                                                                               program imbalan pasti                                                                                            defined benefits
TOTAL DANA SYIRKAH                                                                                             TOTAL TEMPORARY                 setelah dikurangi                                                                                               program - net of
  TEMPORER                                                  253.340.265              226.281.672                SYIRKAH FUNDS                  pajak tangguhan                          2ai                   1.595.606             1.517.183                       deferred tax

                                                                                                                                             Penghasilan komprehensif                                                                                        Other comprehensive
EKUITAS                                                                                                                        EQUITY          lainnya                                                            85.052               85.052                          income

                                                                                                                                             Selisih transaksi dengan                                                                                    Difference in transactions
Ekuitas yang dapat diatribusikan                                                                              Attributable equity to           pihak nonpengendali                      1g                     (309.938)               (97.202)     with non-controlling parties
  kepada pemilik Entitas Induk                                                                                  the Parent Entity
Modal saham - nilai nominal                                                                                          Share capital -         Saldo laba (saldo rugi sebesar                                                                  Retained earnings (accumulated
  Rp125 (nilai penuh)                                                                                       Rp125 (full amount)                Rp162.874.901 telah                                                                               losses of Rp162,874,901
  per lembar saham masing-masing                                                                             par value per share               dieliminasi dengan tambahan                                                                         were eliminated against
  pada tanggal 31 Desember 2024                                                                        as of 31 December 2024                  modal disetor/agio saham                                                                          additional paid-in capital/
  dan 2023                                                                                                              and 2023               pada saat kuasi -                                                                                  agio as a result of quasi-
  Modal dasar - 1 lembar saham                                                                  Authorised capital - 1 Dwiwarna                reorganisasi pada                                                                                             reorganisation
    Seri A Dwiwarna dan                                                                                   Series A share and                   tanggal 30 April 2003)                                                                                    on 30 April 2003)
    127.999.999.999 lembar                                                                         127,999,999,999 Series B                      Sudah ditentukan penggunaannya                            5.380.268               5.380.268               Appropriated
    saham biasa Seri B pada tanggal                                                                      common share as of                      Belum ditentukan penggunaannya                          214.670.201             191.923.489             Unappropriated
    31 Desember 2024 dan 2023                                                                   31 December 2024 and 2023
  Modal ditempatkan dan disetor -                                                               Issued and fully paid-in capital -             Total saldo laba                                          220.050.469             197.303.757            Total retained earnings
    1 lembar saham                                                                                      1 Dwiwarna Series A
    Seri A Dwiwarna dan                                                                            share and 93,333,333,331                                                                              283.796.429             260.852.784
    93.333.333.331 lembar                                                                           Series B common shares                   Kepentingan nonpengendali                                                                                 Non-controlling interests in
    saham biasa Seri B pada tanggal                                                                       as of 31 December                    atas aset bersih Entitas Anak                                                                         net assets of consolidated
    31 Desember 2024 dan 2023              40a                  11.666.667             11.666.667              2024 and 2023                   yang dikonsolidasi                      2d,39                 29.678.252           26.642.178                       Subsidiaries
Tambahan modal disetor/                                                                                     Additional paid-in capital/      TOTAL EKUITAS                                               313.474.681             287.494.962                       TOTAL EQUITY
  agio saham                               40b                  18.095.274             17.643.264                               agio

Selisih kurs karena                                                                                           Differences arising from                                                                                                                       TOTAL LIABILITIES,
  penjabaran laporan                                                                                                   translation of        TOTAL LIABILITAS, DANA                                                                                             TEMPORARY
  keuangan dalam                                                                                             financial statements in          SYIRKAH TEMPORER                                                                                               SYIRKAH FUNDS
  mata uang asing                          2e                         10.289             (146.299)                foreign currencies          DAN EKUITAS                                               2.427.223.262          2.174.219.449                     AND EQUITY




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

                                                                 7                                                                                                                                            8
PT BANK MANDIRI (PERSERO) TBK                          1286                                                                                                                                                  1287                                           ANNUAL REPORT 2024
Page 366
        FINANCIAL STATEMENTS 2024



                                          PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                PT BANK MANDIRI (PERSERO) Tbk.
                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

LAPORAN LABA RUGI DAN PENGHASILAN                                        CONSOLIDATED STATEMENTS OF PROFIT OR LOSS                            LAPORAN LABA RUGI DAN PENGHASILAN                                       CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
KOMPREHENSIF LAIN KONSOLIDASIAN                                                       AND OTHER COMPREHENSIVE INCOME                          KOMPREHENSIF LAIN KONSOLIDASIAN                                                      AND OTHER COMPREHENSIVE INCOME
UNTUK TAHUN-TAHUN YANG BERAKHIR                                                                        FOR THE YEARS ENDED                    UNTUK TAHUN-TAHUN YANG BERAKHIR                                                                       FOR THE YEARS ENDED
PADA TANGGAL 31 DESEMBER 2024 DAN 2023                                                            31 DECEMBER 2024 AND 2023                   PADA TANGGAL 31 DESEMBER 2024 DAN 2023                                                           31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)            (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)

                                        Catatan/                                                                                                                                      Catatan/
                                         Notes                   2024                   2023
                                                                                                                                                                                       Notes                  2024                  2023
PENDAPATAN DAN BEBAN                                                                                         INCOME AND EXPENSE
 OPERASIONAL                                                                                                  FROM OPERATIONS                 Beban operasional lainnya                2f,2ai,                                                          Other operating expenses
Pendapatan bunga dan                                                                                                Interest income and                                                                                                                 Salaries and employee
  pendapatan syariah                   2f,2af,41,56                                                                     sharia income           Beban gaji dan tunjangan              49,51,56                (23.990.763)         (24.423.089)            benefits expenses
  Pendapatan bunga                                          129.638.641               113.747.621                     Interest income           Beban umum dan                                                                                                      General and
  Pendapatan syariah                                         21.597.386                18.796.849                      Sharia income              administrasi                          2r,50                 (26.519.633)         (22.732.894)       administrative expenses
                                                                                                                                                Lain-lain                                52                    (8.100.050)          (6.711.508)                          Others
Total pendapatan bunga dan                                                                                    Total interest income and
  pendapatan syariah                                        151.236.027               132.544.470                       sharia income         Total beban operasional                                                                                         Total other operating
                                                                                                                                                lainnya                                                       (58.610.446)         (53.867.491)                        expenses
Beban bunga dan                                                                                                   Interest expense and
  beban syariah                        2f,2af,42,56                                                                   sharia expense                                                                                                                                INCOME FROM
  Beban bunga                                                   (41.590.079)           (30.664.728)                 Interest expense          LABA OPERASIONAL                                                76.059.595            74.641.563                       OPERATION
  Beban syariah                                                  (7.889.028)            (5.993.168)                  Sharia expense
                                                                                                                                              Pendapatan bukan                                                                                               Non operating income
Total beban bunga dan                                                                                       Total interest expense and          operasional - neto                       53                      343.891                 43.318                             - net
  beban syariah                                                 (49.479.107)           (36.657.896)                   sharia expense
PENDAPATAN BUNGA                                                                                                  NET INTEREST AND
 DAN SYARIAH - NETO                                         101.756.920                95.886.574                  SHARIA INCOME              LABA SEBELUM BEBAN                                                                                                INCOME BEFORE
                                                                                                                                                PAJAK                                                         76.403.486            74.684.881                   TAX EXPENSE
Pendapatan premi                           2ag                   13.095.263             13.721.691                     Premium income
Beban klaim                                2ag                  (10.574.450)           (11.598.645)                      Claim expense        Beban pajak                                                                                                              Tax expense
                                                                                                                                                Kini                                2ad,33c,33d               (13.347.034)         (12.907.674)                           Current
                                                                                                                                                Tangguhan                           2ad,33c,33e                (1.891.331)          (1.725.337)                          Deferred
PENDAPATAN PREMI - NETO                                          2.520.813               2.123.046           NET PREMIUM INCOME

                                                                                                                                              Total beban pajak - neto                                        (15.238.365)         (14.633.011)             Total tax expense - net
PENDAPATAN BUNGA,                                                                                                   NET INTEREST,
 SYARIAH DAN                                                                                                        SHARIA AND
 PREMI - NETO                                               104.277.733                98.009.620               PREMIUM INCOME
                                                                                                                                              LABA TAHUN                                                                                                           NET INCOME
Pendapatan operasional lainnya                                                                                  Other operating income          BERJALAN                                                      61.165.121            60.051.870                  FOR THE YEAR
  Provisi dan komisi                     2ah,43                 23.447.520             20.148.410            Fees and commissions
  Pendapatan dari kelompok                                                                                    Income from fair value
    nilai wajar melalui                                                                                      through profit or loss
    laba rugi - neto                   2c,2e,2n,44               4.483.298              3.473.796               classification - net
  Lain-lain                                45                   14.240.197             16.900.640                              Others

Total pendapatan                                                                                                   Total other operating
  operasional lainnya                                           42.171.015             40.522.846                             income
Pembentukan cadangan kerugian                                                                                 Allowance for impairment
  penurunan nilai                         2c,46             (11.811.786)               (11.152.853)                           losses
Pembalikan penyisihan                                                                                         Reversal of allowance for
  estimasi kerugian                                                                                             estimated losses on
  atas komitmen dan                                                                                               commitments and
  kontinjensi                            2c,31c                        33.829              918.531                    contingencies
(Pembentukan)/pembalikan                                                                                       (Allowance)/reversal for
  penyisihan lainnya                                                                                        other impairment losses
  dan kerugian                                                                                                       and operational
  risiko operasional - neto               2t,47                   (151.047)                 85.615                   risk losses - net

Keuntungan dari penjualan                                                                                             Gain on sale of
  efek-efek dan obligasi                                                                                  marketable securities and
  pemerintah - neto                      2j,2k,48                     150.297              125.295         government bonds - net




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

                                                                  9                                                                                                                                            10
PT BANK MANDIRI (PERSERO) TBK                          1288                                                                                                                                                    1289                                          ANNUAL REPORT 2024
Page 367
                                                                                                                                                                                                                                                                                                                                                                                                                                             LAIN




                                                                                                                                                                                                                                TOTAL
                                                                                                                                                                                                                                                                                                            arus kas
                                                                                                                                                                                                                                                                                                                                                                                                                                               aset tetap




                                                                                                                                                                                                                                                                                                          ke laba rugi
                                                                                                                                                                                                                                                                                                                                                                                                                                             ke laba rugi




                                                                                                                                                                                                                                                                                                            ke laba rugi
                                                                                                                                                                                                                                                                                                                                                                                                           ke laba rugi


                                                                                                                                                                                                                                                                                                          direklasifikasi
                                                                                                                                                                                                                                                                                                                                                                                                                                             direklasifikasi




                                                                                                                                                                                                                                                                                                            direklasifikasi




                                                                                                                                                                                                                                 PENGHASILAN
                                                                                                                                                                                                                                                              tahun berjalan -




                                                                                                            Rupiah penuh)
                                                                                                        LABA PER SAHAM
                                                                                                                                                                                                                                 KOMPREHENSIF
                                                                                                                                                                                                                                                                                                        Pos-pos yang akan
                                                                                                                                                                                                                                                                                                                                                                                                         Pajak penghasilan




                                                                                                                                                                                                                                                                                                            keuangan dalam
                                                                                                                                                                                                                                                                                                            keuangan dalam
                                                                                                                                                                                                                                                                                                            mata uang asing
                                                                                                                                                                                                                                                                                                          Penyesuaian akibat




                                                                                                                                                                                                                                                                                                            komprehensif lain




                                                                                                                                                                                                                                 TAHUN BERJALAN




                                                                                                                                                      Pemilik Entitas Induk
                                                                                                                                                                                                    Pemilik Entitas Induk
                                                                                                                                                                                                                                                                                                                                                                                                           akan direklasifikasi




                                                                                                                                                                                                                                                                                                            pos-pos yang akan




                                                                                                                                                      tahun berjalan yang
                                                                                                                                                                                                                                                                                                            penjabaran laporan
                                                                                                                                                                                                                                                                                                                                                                                                                                             Keuntungan revaluasi




                                                                                                                                                                                                                                                                                                            melalui penghasilan
                                                                                                                                                                                                                                                                                                            kelompok nilai wajar




                                                                                                                                                      diatribusikan kepada:
                                                                                                                                                                                                    diatribusikan kepada:
                                                                                                                                                                                                                                                                                                                                                                                                                                           Pos-pos yang tidak akan




                                                                                                                                                                                                                                                                                                                                                                                                           program imbalan pasti




PT BANK MANDIRI (PERSERO) TBK
                                                                                                                                                                                                  Laba tahun berjalan yang
                                                                                                                                                                                                                                                                                                          Pajak penghasilan terkait




                                                                                                          Dasar dan dilusian (dalam
                                                                                                                                                                                                                                                                                                          Perubahan nilai wajar aset
                                                                                                                                                                                                                                                                                                                                                                                                           terkait pos-pos yang tidak




                                                                                                                                                                                                                                                              setelah pajak penghasilan




                                                                                                                                                      Kepentingan nonpengendali
                                                                                                                                                                                                    Kepentingan nonpengendali




                                konsolidasian secara keseluruhan.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      FINANCIAL STATEMENTS 2024




                                                                                                                                                                                                                                                                                                          Bagian efektif dari lindung nilai




                                                                                                                                                                                                                                                            Penghasilan komprehensif lain
                                                                                                                                                                                                                                                                                                                                                                                                         Keuntungan/(kerugian) aktuarial




                                                                                                                                                    Total penghasilan komprehensif
                                                                                                                                                                                                                                                                                                                                                                                                                                           PENGHASILAN KOMPREHENSIF
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              KOMPREHENSIF LAIN KONSOLIDASIAN




                                                                                                                                                    2d
                                                                                                                                                                                                  2d
                                                                                                                                                                                                                                                                                                                             2n
                                                                                                                                                                                                                                                                                                                                                                  2e
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              UNTUK TAHUN-TAHUN YANG BERAKHIR




                                                                                                                       2aj
                                                                                                                                                                                                                                                                                                                                                                                                                            2ai
                                                                                                                                                                                                                                                                                                                                                                                                                                           2r.i




                                                                                                                                                                                                                                                                                                                                        2j,2k
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   Notes
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              LAPORAN LABA RUGI DAN PENGHASILAN




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Catatan/
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              PADA TANGGAL 31 DESEMBER 2024 DAN 2023
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)




                                merupakan bagian yang tidak terpisahkan dari laporan keuangan
                                Catatan atas laporan keuangan konsolidasian terlampir




1290
             11
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  2024




                                                                                                        597,67
                                                                                                                                      61.146.765
                                                                                                                                                                                     61.165.121
                                                                                                                                                                                                  55.782.742
                                                                                                                                                                                                   5.382.379
                                                                                                                                                                                                                                                                                                                                                                  161.227
                                                                                                                                                                                                                                                                                                                                                                                                                                           108.911




                                                                                                                                                                                                                                61.146.765




                                                                                                                                                    55.740.401
                                                                                                                                                                                                                                                                                                        120.235
                                                                                                                                                                                                                                                                                                                                                                                              259.871
                                                                                                                                                                                                                                                                                                                                                                                                                            167.984




                                                                                                                                                     5.406.364
                                                                                                                                                                                                                                                                                            (278.227)
                                                                                                                                                                                                                                                                                                                             (25.927)
                                                                                                                                                                                                                                                                                                                                        (533.762)




                                                                                                                                                                                                                                                            (18.356)
                                                                                                                                                                                                                                                                                                                                                                                                         (17.024)
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  2023
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                PT BANK MANDIRI (PERSERO) Tbk.




                                                                                                                                                                                                                                60.957.959




                                                                                                        589,93
                                                                                                                                      60.957.959
                                                                                                                                                    55.916.730
                                                                                                                                                                                     60.051.870
                                                                                                                                                                                                  55.060.057
                                                                                                                                                                                                                                                                                            921.140
                                                                                                                                                                                                                                                                                                                             23.030
                                                                                                                                                                                                                                                                                                                                        1.125.822




                                                                                                                                                     5.041.229
                                                                                                                                                                                                   4.991.813
                                                                                                                                                                                                                                                            906.089
                                                                                                                                                                                                                                                                                                                                                                                                                                           -




                                                                                                                                                                                                                                                                                                        (140.759)
                                                                                                                                                                                                                                                                                                                                                                  (86.953)
                                                                                                                                                                                                                                                                                                                                                                                              (15.051)
                                                                                                                                                                                                                                                                                                                                                                                                         (139)
                                                                                                                                                                                                                                                                                                                                                                                                                            (14.912)
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES




                                                                                                          amount of Rupiah)
                                                                                                                                                                                                                                                                                                                      profit or loss
                                                                                                                                                                                                                                                                                                                                                                                                                    profit or loss




                                                                                                                                                                                                                                                                                                                    through other
                                                                                                                                                                                                                                                                                                         classified as fair value
                                                                                                                                                                                                                                                                                                                        currencies
                                                                                                                                                                                                                                                                                                         translation of financial
                                                                                                                                                                                                                                                                                                                                                                                                                  reclassified to
                                                                                                                                                                                                                                                                                                                                                                                                           items that will not be
                                                                                                                                                                                                                                                                                                                                                                                                                     revaluation




                                                                                                                                                                                                                                                                                                               items that will be
                                                                                                                                                                                                                                                                                                                                                                                                               benefits program




                                                                                                                                                                                                                                                                                                              cash flow hedges
                                                                                                                                                                                                                                                                                                                 financial assets




                                                                                                                                                                                                                                                                                                                   reclassified to
                                                                                                                                                                                                                                                                                                                                                                                                                   from defined




                                                                                                                                                                                                                                                                                                        comprehensive income
                                                                                                                                                                                                                                                                                                          statements in foreign




                                                                                                                                                                                                                                                             - net of income tax
                                                                                                                                                                                                                                                            income for the year




                                                                                                                                                    Non-controlling interest
                                                                                                                                                              Parent Entity
                                                                                                                                                                                                  Non-controlling interest
                                                                                                                                                                                                            Parent Entity
                                                                                                                                                                                                                                                                                                                                                                                                             Income tax related to




                                                                                                                                                                                                                                                                                                                     reclassified to
                                                                                                                                                                                                                                                                                                                                                                                                                   reclassified to




                                                                                                                                                      income for the year
                                                                                                                                                           attributable to:
                                                                                                                                                                                                                                COMPREHENSIVE
                                                                                                                                                                                                                                        INCOME
                                                                                                                                                                                                                                                                                                           Difference arising from
                                                                                                                                                                                                                                                                                                                                                                                                              Gain on fixed assets
                                                                                                                                                                                                                                                                                                                                                                                                                           INCOME




                                                                                                                                                                                                   year attributable to:
                                                                                                                                                                                                                                  FOR THE YEAR
                                                                                                                                                                                                                                                                                                                       profit or loss
                                                                                                                                                                                                                                                                                                                                                                                                               Actuarial gain/(loss)
                                                                                                                                                                                                                                                                                                                                                                                                                     profit or loss




                                                                                                         Basic and diluted (full
                                                                                                                                                                                                                                                                                                          Changes in fair value of




                                                                                                                                                                                                                                                                                                             Income tax related to
                                                                                                                                                                                                                                                                                                                 Effective portion of
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              (Expressed in millions of Rupiah, unless otherwise stated)
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               CONSOLIDATED STATEMENTS OF PROFIT OR LOSS


                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        31 DECEMBER 2024 AND 2023
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             FOR THE YEARS ENDED
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            AND OTHER COMPREHENSIVE INCOME




                                                                                                        EARNINGS PER SHARE
                                                                                                                                                                                                       Net income for the
                                                                                                                                                                                                                                           TOTAL
                                                                                                                                                                                                                                                                                                                                                                                                              Items that will not be




                                                                                                                                                                                                                                                                                                                   Items that will be




                                                                                                                                                       Total comprehensive
                                                                                                                                                                                                                                                             Other comprehensive
                                                                                                                                                                                                                                                                                                                                                                                                         OTHER COMPREHENSIVE




                                The accompanying notes to the consolidated financial statements
                                  form an integral part of these consolidated financial statements
                                                                                 taken as a whole.
                                                                                                                                                                                                                                                  PT BANK MANDIRI (PERSERO) Tbk.
                                                                                                                                                                                                                                             DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

               LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN                                                                                                                                                                                                                                                                                                                                                   CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
               UNTUK TAHUN-TAHUN YANG BERAKHIR PADA TANGGAL                                                                                                                                                                                                                                                                                                                                                                               FOR THE YEARS ENDED
               31 DESEMBER 2024 DAN 2023                                                                                                                                                                                                                                                                                                                                                                                             31 DECEMBER 2024 AND 2023
               (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                                                                                                                                                                                                                                                                                                    (Expressed in millions of Rupiah, unless otherwise stated)
                                                                                                                                                                                                                                                                                                                2024

                                                                                                                                                                                                            Kerugian
                                                                                                                                                                                                              neto
                                                                                                                                                                                                          yang belum
                                                                                                                                                                                                           direalisasi
                                                                                                                                                                                                       dari penurunan
                                                                                                                                                                                                           nilai wajar
                                                                                                                                                                                                        aset keuangan
                                                                                                                                                                                                             dalam
                                                                                                                                                                                                           kelompok
                                                                                                                                                                                                           nilai wajar
                                                                                                                                                                                                             melalui                                                          Keuntungan
                                                                                                                                                                                                          penghasilan                                                              neto
                                                                                                                                                                              Selisih kurs               komprehensif                                                            aktuarial
                                                                                                                                                                                  karena                  lain setelah                                                           program
                                                                                                                                                                              penjabaran                   dikurangi                                                             imbalan
                                                                                                                                                                                 laporan                      pajak                                                                pasti                                                                                                                                                     Kepentingan
                                                                                                                                                                               keuangan                   tangguhan/                                                              setelah                                                                                                                                                  nonpengendali
                                                                                                                                                                              dalam mata                 Net unrealized                                                         dikurangi                                                                    Selisih                                                                           atas aset
                                                                                                                                                                              uang asing/                  loss from                        Bagian                 Selisih         pajak                                                                   transaksi                                                                         neto Entitas
                                                                                                                                                                               Difference              decrease in fair                     efektif                bersih      tangguhan/                                                               dengan pihak                                                                          Anak yang
                                                                                                                            Modal                    Tambahan                 arising from                  value of                    lindung nilai             revaluasi   Net actuarial                               Penghasilan                   nonpengendali/           Saldo laba/Retained earnings                               dikonsolidasi/
                                                                                                                        ditempatkan                modal disetor/            translation of            financial assets                   arus kas/               aset tetap/   gain from                                komprehensif                    Difference in                                                                     Non-controlling
                                                                                                                        dan disetor/                agio saham/                 financial                through other                     Effective                 Net         defined                                    lainnya/                      transaction      Sudah             Belum                                          interest in net
                                                                                                                         Issued and                  Additional              statements in             comprehensive                      portion of            difference in    benefits                                     Other                        with non-     ditentukan        ditentukan                                          assets of              Total
                                                                                                     Catatan/           fully paid-in                 paid-in                    foreign                income - net of                   cash flow             fixed assets program - net                              comprehensive                     controlling  penggunaannya/ penggunaannya/                                         consolidated            ekuitas/
                                                                                                      Notes                capital                  capital/agio               currencies                 deferred tax                     hedges                revaluation of deferred tax                                 income                          parties    /Appropriated /Unappropriated         Total                          Subsidiaries          Total equity


               Saldo pada tanggal                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Balance as of
                   1 Januari 2024                                                                                              11.666.667                 17.643.264                  (146.299)                  (1.837.760)                    1.429                 34.716.693                        1.517.183                       85.052                 (97.202)       5.380.268          191.923.489            197.303.757                  26.642.178     287.494.962                                                    1 January 2024

               Pembayaran dividen dari laba                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Dividend payment from
                  bersih tahun 2023                                                                     40c                               -                             -                          -                            -                       -                                   -                       -                               -                  -              -           (33.036.034)           (33.036.034)                         -      (33.036.034)                                             2023 net income

               Kepentingan nonpengendali                                                                                                                                                                                                                                                                                                                                                                                                                                                              Changes in non-controlling
                  atas pembayaran dividen                                                                                                                                                                                                                                                                                                                                                                                                                                                    interest arising from distribution
                  dan perubahan ekuitas                                                                                                                                                                                                                                                                                                                                                                                                                                                            of dividends and changes
                  Entitas Anak                                                                                                            -                             -                          -                            -                       -                                   -                       -                               -                  -              -                             -                  -             (1.307.313)      (1.307.313)                       in Subsidiary’s equity

               Laba tahun berjalan                                                                                                        -                             -                          -                            -                       -                                   -                       -                               -                  -              -            55.782.742             55.782.742                  5.382.379      61.165.121                                            Net income for the year

               Transfer pendapatan komprehensif lain                                                                                                                                                                                                                                                                                                                                                                                                                                     Transfer of other comprehensive income
                   ke saldo laba karena penghentian                                                                                                                                                                                                                                                                                                                                                                                                                                               to retained earnings due to
                   pengakuan aset keuangan yang                                                                                                                                                                                                                                                                                                                                                                                                                                             derecognition of financial assets
                   diukur pada nilai wajar melalui                                                                                                                                                                                                                                                                                                                                                                                                                                            measured at fair value through
                   penghasilan komprehensif lain                                                                                          -                             -                          -                            -                       -                                   -                       -                               -                  -              -                             4                  4                      -                   4            other comprehensive income

               Dampak pengalihan kepemilikan                                                                                                                                                                                                                                                                                                                                                                                                                                                                   Impact of transfer of
                  pada Entitas Anak dari                                                                                                                                                                                                                                                                                                                                                                                                                                                              ownership in a Subsidiary
                  kepentingan nonpengendali                                                                                               -                             -                          -                            -                       -                                   -                       -                               -         (305.486)                   -                         -                  -               (713.514)      (1.019.000)                  from non-controlling interest

               Dampak pengalihan pengendalian                                                                                                                                                                                                                                                                                                                                                                                                                                                                Impact of transfer of
                  atas entitas Anak kepada                                                                                                                                                                                                                                                                                                                                                                                                                                                   control over a Subsidiary to an
                  entitas sepengendali                                                                                                    -                   452.010                              -                                -                   -                                   -                       -                               -           92.750                -                             -                  -               (349.463)        195.297                entity under common control

               Penghasilan komprehensif lain                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Other comprehensive
                  tahun berjalan                                                                                                          -                             -               156.588                    (323.090)                  (10.314)                         56.052                       78.423                                  -                  -              -                             -                  -                23.985           (18.356)                                          income for the year


               Saldo pada tanggal                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Balance as of
                   31 Desember 2024                                                                                            11.666.667                 18.095.274                      10.289                (2.160.850)                     (8.885)               34.772.745                        1.595.606                       85.052                (309.938)       5.380.268          214.670.201            220.050.469                  29.678.252     313.474.681                                           31 December 2024




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

                                                                                                                                                                                                                                                                                                                        12
Page 368
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            taken as a whole.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           The accompanying notes to the consolidated financial statements
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             form an integral part of these consolidated financial statements
                                                                          FOR THE YEARS ENDED
                                                                     31 DECEMBER 2024 AND 2023
                                               CONSOLIDATED STATEMENTS OF CASH FLOWS


                                           (Expressed in millions of Rupiah, unless otherwise stated)




                                                                                                                                                                                                                                                                                                                                                                                                                                   Cash flows from operating




                                                                                                                                                                                                                                                                                                                                                                                                                                                                         (Increase)/decrease in
                                                                                                                                                Receipts from interest

                                                                                                                                                 Receipts from sharia

                                                                                                                                             Receipts from provision,




                                                                                                                                                  Payments of sharia
                                                                                                                                                 Payments of interest



                                                                                                                                              Payments of insurance




                                                                                                                                                       Other operating

                                                                                                                                                       Other operating

                                                                                                                                              Salaries and employee
                                                                                                                                                    Receipts from the




                                                                                                                                                           General and

                                                                                                                                                         Non-operating

                                                                                                                                                Payment of corporate
                                                                                                                                          Acquisition of government
                                                                                                                     CASH FLOWS FROM

                                                                                                                           ACTIVITIES




                                                                                                                                                                                                                                                                                                                                                                                                                                     changes in operating



                                                                                                                                                                                                                                                                                                                                                                                                                                                                            operating assets:
                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Placements with


                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Marketable securities
                                                                                                                          OPERATING




                                                                                                                                                   commission and
                                                                                                                                                   premium income




                                                                                                                                                                                                                                                                                                                                                                                                                                           activities before
                                                                                                                                              through profit or loss
                                                                                                                                                             expense

                                                                                                                                                             expense




                                                                                                                                              through profit or loss

                                                                                                                                           fair value through profit
                                                                                                                                                              income

                                                                                                                                                              income




                                                                                                                                              bonds - measured at
                                                                                                                                                            fair value




                                                                                                                                                    income - others

                                                                                                                                                 expenses - others

                                                                                                                                                 benefits expenses
                                                                                                                                                      claim expense




                                                                                                                                                            fair value

                                                                                                                                                        Income from




                                                                                                                                                                                                                                                                                                                                                                                                                                      assets and liabilities
                                                                                                                                                        income - net

                                                                                                                                                          income tax
                                                                                                                                         or loss classification - net




                                                                                                                                          administrative expenses
                                                                                                                                                sale of government




                                                                                                                                              bonds - measured at




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                ANNUAL REPORT 2024
                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Bank Indonesia
                                                                                                                                                                                                                                                                                                                                                                                                                                                                           and other banks


                                                                                                                                                                                                                                                                                                                                                                                                                                                                      through profit or loss
                                                                                                                                                                                                                                                                                                                                                                                                                                                                   - measured at fair value
DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     (4.523.193)
                                                                                                                                                                                                    (29.551.232)

                                                                                                                                                                                                                     (5.925.654)

                                                                                                                                                                                                                                       (11.598.645)




                                                                                                                                                                                                                                                                                      (207.265.229)




                                                                                                                                                                                                                                                                                                                                              (8.868.375)

                                                                                                                                                                                                                                                                                                                                                             (25.143.475)

                                                                                                                                                                                                                                                                                                                                                                                (18.165.992)



                                                                                                                                                                                                                                                                                                                                                                                                                  (13.729.286)
                                                                                                                                                                                                                                                                                                                          5.527.300




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      1.300.258
                                                                                                                                             109.977.225

                                                                                                                                                           18.639.462


                                                                                                                                                                               33.870.101




                                                                                                                                                                                                                                                                                                                                                                                                                                                    50.645.900
                                                                                                                                                                                                                                                                    198.473.490




                                                                                                                                                                                                                                                                                                              4.371.516




                                                                                                                                                                                                                                                                                                                                                                                                34.694
     PT BANK MANDIRI (PERSERO) Tbk.




                                                                                                           2023




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      (958.884)
                                                                                                                                                                                                    (41.137.244)

                                                                                                                                                                                                                     (7.844.161)

                                                                                                                                                                                                                                       (10.574.450)




                                                                                                                                                                                                                                                                                      (498.026.362)




                                                                                                                                                                                                                                                                                                                                              (9.613.944)

                                                                                                                                                                                                                                                                                                                                                             (28.501.269)

                                                                                                                                                                                                                                                                                                                                                                                (20.406.171)



                                                                                                                                                                                                                                                                                                                                                                                                                  (13.438.576)
                                                                                                                                                                                                                                                                                                                          4.927.284




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     1.973.193
                                                                                                                                             126.307.045

                                                                                                                                                           21.444.104


                                                                                                                                                                               36.542.783




                                                                                                                                                                                                                                                                                                              4.473.622




                                                                                                                                                                                                                                                                                                                                                                                                                                                    53.860.551
                                                                                                                                                                                                                                                                    489.371.973




                                                                                                                                                                                                                                                                                                                                                                                                335.917




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                1293
                                                                                                           2024




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                14
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Catatan atas laporan keuangan konsolidasian terlampir
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           merupakan bagian yang tidak terpisahkan dari laporan keuangan
                                           (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)
                                           PADA TANGGAL 31 DESEMBER 2024 DAN 2023


                                                                                                        Catatan/
                                                                                                         Notes
                                           UNTUK TAHUN-TAHUN YANG BERAKHIR
                                           LAPORAN ARUS KAS KONSOLIDASIAN




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           konsolidasian secara keseluruhan.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                   (Kenaikan)/penurunan atas




                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Efek-efek - diukur pada
                                                                                                                                                                                                                                                                                                                                                             Beban gaji dan tunjangan
                                                                                                                                           melalui laba rugi - neto
                                                                                                                                         Penerimaan pendapatan

                                                                                                                                         Penerimaan pendapatan

                                                                                                                                         Penerimaan pendapatan




                                                                                                                                         Pendapatan operasional




                                                                                                                                                                                                                                                                                                                                                                                                                                     operasional sebelum

                                                                                                                                                                                                                                                                                                                                                                                                                                     liabilitas operasional
                                                                                                                                           kelompok nilai wajar




                                                                                                                                                                                                                                                                                                                                                                                                                                     perubahan aset dan




                                                                                                                                                                                                                                                                                                                                                                                                                                                                       nilai wajar melalui
                                                                                                                                                                                                                                                                                                                                                                                                                                   Arus kas dari aktivitas
                                                                                                                                           pemerintah - diukur



                                                                                                                                           pemerintah - diukur




                                                                                                                                                                                                                                                                                                                                                               penghasilan badan




                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Penempatan pada
                                                                                                                                           penjualan obligasi




                                                                                                                                                                                                                                                                                                                                                               operasional - neto




                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Bank Indonesia
                                                                                                                                         Pembayaran beban

                                                                                                                                         Pembayaran beban

                                                                                                                                         Pembayaran beban




                                                                                                                                                                                                                                                                                                                                                                                                                                                                     aset operasional:
                                                                                                                                           lainnya - lain-lain

                                                                                                                                           lainnya - lain-lain




                                                                                                                                                                                                                                                                                                                                                             Pendapatan bukan
                                                                                                                                         Pembelian obligasi
                                                                                                                      OPERASIONAL




                                                                                                                                         Beban operasional




                                                                                                                                                                                                                                                                                                                                                             Pembayaran pajak
                                                                                                                                           melalui laba rugi



                                                                                                                                           melalui laba rugi




                                                                                                                                                                                                                                                                                                                                                                                                                                                                       dan bank lain
                                                                                                                                           pada nilai wajar



                                                                                                                                           pada nilai wajar
                                                                                                                     ARUS KAS DARI




                                                                                                                                                                                                                                                                                                                                                             Beban umum dan
                                                                                                                                           klaim asuransi




                                                                                                                                         Pendapatan dari
                                                                                                                                         Penerimaan dari
                                                                                                                                           provisi, komisi




                                                                                                                                                                                                                                                                                                                                                               administrasi
                                                                                                                      AKTIVITAS




                                                                                                                                                                                                                                                                                                                                                                                                                                                                       laba rugi
                                                                                                                                           dan premi
                                                                                                                                           syariah




                                                                                                                                           syariah
                                                                                                                                           bunga




                                                                                                                                           bunga




                                                                                                                                                                                                                                                           PT BANK MANDIRI (PERSERO) Tbk.
                                                                                                                                                                                                                                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
     LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN                                                                                                                                                                                                                                                                                                                                                                                         CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
     UNTUK TAHUN-TAHUN YANG BERAKHIR PADA TANGGAL                                                                                                                                                                                                                                                                                                                                                                                                                     FOR THE YEARS ENDED
     31 DESEMBER 2024 DAN 2023                                                                                                                                                                                                                                                                                                                                                                                                                                   31 DECEMBER 2024 AND 2023
     (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                                                                                                                                                                                                                                                                                                                                          (Expressed in millions of Rupiah, unless otherwise stated)
                                                                                                                                                                                                                                                                                                  2023
                                                                                                                                                                                                       Keuntungan/
                                                                                                                                                                                                          (kerugian)
                                                                                                                                                                                                              neto
                                                                                                                                                                                                         yang belum
                                                                                                                                                                                                          direalisasi
                                                                                                                                                                                                      dari kenaikan/
                                                                                                                                                                                                        (penurunan)
                                                                                                                                                                                                          nilai wajar
                                                                                                                                                                                                     aset keuangan
                                                                                                                                                                                                             dalam
                                                                                                                                                                                                          kelompok
                                                                                                                                                                                                          nilai wajar
                                                                                                                                                                                                            melalui
                                                                                                                                                                                                        penghasilan                                                            Keuntungan
                                                                                                                                                                                                      komprehensif                                                                  neto
                                                                                                                                                                         Selisih kurs                    lain setelah                                                             aktuarial
                                                                                                                                                                             karena                        dikurangi                                                              program
                                                                                                                                                                         penjabaran                          pajak                                                                imbalan
                                                                                                                                                                            laporan                      tangguhan/                                                                 pasti                                                                                                                                                                                     Kepentingan
                                                                                                                                                                          keuangan                    Net unrealised                                                               setelah                                                                                                                                                                                  nonpengendali
                                                                                                                                                                         dalam mata                 gain/(loss) from                                                             dikurangi                                                         Selisih                                                                                                                      atas aset
                                                                                                                                                                         uang asing/                       increase/                          Bagian                Selisih         pajak                                                        transaksi                                                                                                                    neto Entitas
                                                                                                                                                                          Difference                   (decrease) in                          efektif               bersih      tangguhan/                                                    dengan pihak                                                                                                                     Anak yang
                                                                                                                         Modal             Tambahan                      arising from                   fair value of                     lindung nilai            revaluasi   Net actuarial                    Penghasilan                   nonpengendali/            Saldo laba/Retained earnings                                                                         dikonsolidasi/
                                                                                                                     ditempatkan         modal disetor/                 translation of              financial assets                        arus kas/              aset tetap/   gain from                     komprehensif                    /Difference in                                                                                                               Non-controlling
                                                                                                                     dan disetor/         agio saham/                      financial                  through other                          Effective                Net         defined                         lainnya/                      transaction       Sudah             Belum                                                                                    interest in net
                                                                                                                      Issued and           Additional                   statements in               comprehensive                           portion of           difference in    benefits                          Other                        with non-      ditentukan        ditentukan                                                                                    assets of            Total
                                                                                                          Catatan/   fully paid-in          paid-in                         foreign                  income - net of                        cash flow            fixed assets program - net                   comprehensive                     controlling   penggunaannya/ penggunaannya/                                                                                   consolidated          ekuitas/
                                                                                                           Notes        capital           capital/agio                    currencies                    deferred tax                         hedges               revaluation of deferred tax                      income                          parties     /Appropriated /Unappropriated         Total                                                                    Subsidiaries        Total equity
     Saldo pada tanggal                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Balance as of
         1 Januari 2023                                                                                                 11.666.667             17.643.264                     (60.427)                         (2.768.553)                             (3.156)     34.716.693         1.510.016                            85.052                           (97.202)                           5.380.268                         161.606.164          166.986.432                22.566.669        252.245.455                         1 January 2023
     Penyesuaian saldo laba terkait                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Adjustment of retained earnings
        penerapan PSAK 407 pada                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                related to SFAS No. 407
        Entitas Anak Syariah                                                                                 2b                      -                         -                            -                                      -                         -                    -                       -                           -                                     -                                 -                      (40.350)                    (40.350)            (38.053)             (78.403)   implementation in Sharia Subsidiary
     Saldo pada tanggal                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   Balance as of
         1 Januari 2023 setelah                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 1 January 2023 after
         penerapan PSAK 407                                                                                             11.666.667             17.643.264                      (60.427)                            (2.768.553)                         (3.156)     34.716.693         1.510.016                            85.052                            (97.202)                          5.380.268                         161.565.814          166.946.082                22.528.616        252.167.052          SFAS No. 407 implementation
     Pembayaran dividen dari laba                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Dividend payment from
        bersih tahun 2022                                                                                    40c                     -                         -                            -                                      -                         -                    -                       -                               -                                 -                             -                      (24.702.382)          (24.702.382)                           -     (24.702.382)                       2022 net income
     Kepentingan nonpengendali                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Changes in non-controlling
        atas pembayaran dividen                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          interest arising from distribution
        dan perubahan ekuitas                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  of dividends and changes
        Entitas Anak                                                                                                                 -                         -                                -                                  -                         -                    -                   -                               -                                     -                             -                                   -                        -           (927.667)           (927.667)                    in Subsidiary’s equity
     Laba tahun berjalan                                                                                                             -                         -                                -                                  -                         -                    -                   -                               -                                     -                             -                       55.060.057            55.060.057                4.991.813         60.051.870                      Net income for the year
     Penghasilan komprehensif lain                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Other comprehensive
        tahun berjalan                                                                                                               -                         -               (85.872)                              930.793                            4.585                     -            7.167                                  -                                     -                             -                                   -                        -             49.416              906.089                    income for the year
     Saldo pada tanggal                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Balance as of
         31 Desember 2023                                                                                               11.666.667             17.643.264                     (146.299)                            (1.837.760)                          1.429      34.716.693         1.517.183                            85.052                            (97.202)                          5.380.268                         191.923.489          197.303.757                26.642.178        287.494.962                      31 December 2023
     Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari                                                                                                                                                                                                                                                     The accompanying notes to the consolidated financial statements form an integral part of these
     laporan keuangan konsolidasian secara keseluruhan.                                                                                                                                                                                                                                                                                                                                              consolidated financial statements taken as a whole.
                                                                                                                                                                                                                                                                                                          13
Page 369
        FINANCIAL STATEMENTS 2024



                                                                                                                                                                                      PT BANK MANDIRI (PERSERO) Tbk.
                                          PT BANK MANDIRI (PERSERO) Tbk.                                                                                                         DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
                                                                                                                                            LAPORAN ARUS KAS KONSOLIDASIAN                                             CONSOLIDATED STATEMENTS OF CASH FLOWS
LAPORAN ARUS KAS KONSOLIDASIAN                                             CONSOLIDATED STATEMENTS OF CASH FLOWS                            UNTUK TAHUN-TAHUN YANG BERAKHIR                                                                       FOR THE YEARS ENDED
UNTUK TAHUN-TAHUN YANG BERAKHIR                                                                       FOR THE YEARS ENDED                   PADA TANGGAL 31 DESEMBER 2024 DAN 2023                                                           31 DECEMBER 2024 AND 2023
PADA TANGGAL 31 DESEMBER 2024 DAN 2023                                                           31 DECEMBER 2024 AND 2023                  (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)
                                                                                                                                                                                    Catatan/
                                        Catatan/                                                                                                                                     Notes                  2024                  2023
                                         Notes                  2024                  2023
                                                                                                                                            ARUS KAS DARI                                                                                                CASH FLOWS FROM
ARUS KAS DARI                                                                                                CASH FLOWS FROM                 AKTIVITAS                                                                                                         OPERATING
 AKTIVITAS                                                                                                         OPERATING                 OPERASIONAL (lanjutan)                                                                                   ACTIVITIES (continued)
 OPERASIONAL (lanjutan)                                                                                   ACTIVITIES (continued)
                                                                                                                                            Kenaikan/(penurunan)                                                                                         Increase/(decrease) in
(Kenaikan)/penurunan atas                                                                                  (Increase)/decrease in             atas liabilitas operasional                                                                              operating liabilities and
  aset operasional (lanjutan):                                                                   operating assets (continued):                dan dana syirkah temporer:                                                                             temporary syirkah funds:
                                                                                                                                              (lanjutan)                                                                                                            (continued)
  Tagihan lainnya - transaksi                                                                                 Other receivables               Bank syariah - dana syirkah                                                                             Sharia bank - temporary
    perdagangan                                               (3.929.564)             7.748.711          - trade transactions                    temporer (lanjutan)                                                                              syirkah funds (continued)
  Kredit yang diberikan                                     (237.605.954)          (173.772.763)                            Loans                Deposito                                                                                                 Mudharabah time
                                                                                                            Sharia receivables/                    mudharabah -                                                                                                    deposits
  Piutang/pembiayaan syariah                                    (39.585.822)        (34.331.179)                     financing                     investasi                                                                                                 - unrestricted
  Tagihan atas efek-efek                                                                                  Securities purchased                     tidak terikat                                            14.729.578           15.033.947                     investment
    yang dibeli dengan                                                                                    under agreements
    janji dijual kembali                                        14.402.790          (10.986.939)                       to resell            Kas neto yang digunakan untuk                                                                                     Net cash used in
  Piutang pembiayaan                                                                                       Consumer financing                 aktivitas operasional                                         (79.558.278)        (69.803.958)              operating activities
    konsumen                                                    (10.319.670)        (10.159.382)                   receivables
  Investasi bersih dalam                                                                                         Net investment             ARUS KAS DARI                                                                                                  CASH FLOWS FROM
    sewa pembiayaan                                                (319.986)            307.195                 finance lease                 AKTIVITAS INVESTASI                                                                                   INVESTING ACTIVITIES
  Pajak dibayar dimuka                                             (302.483)            728.393                   Prepaid taxes             Kenaikan                                                                                                                     Increase in
  Biaya dibayar dimuka                                           (2.107.934)           (824.286)              Prepaid expenses                efek-efek -                                                                                              marketable securities -
  Aset lain-lain                                                    851.950          (8.474.655)                    Other assets              selain diukur pada                                                                                      other than measured at
Penerimaan atas aset                                                                                                                          nilai wajar                                                                                                    fair value through
  keuangan yang telah                                                                                         Recovery of written-off         melalui laba rugi                                              (4.213.227)          (7.500.467)                      profit or loss
  dihapusbukukan                                                 9.312.913           12.159.217                   financial assets          Penurunan                                                                                                                   Decrease in
                                                                                                                                              obligasi pemerintah - selain                                                                                 government bonds -
Kenaikan/(penurunan)                                                                                          Increase/(decrease) in          diukur pada                                                                                             other than measured at
  atas liabilitas operasional                                                                              operating liabilities and          nilai wajar                                                                                                               fair value
                                                                                                                                              melalui laba rugi                                             29.535.716           30.052.757               through profit or loss
  dan dana syirkah temporer:                                                                             temporary syirkah funds:           Penerimaan dari penjualan                                                                                      Proceeds from sale of
  Bank konvensional                                                                                          Conventional banking             aset tetap                                                         35.890              242.703                        fixed assets
    Giro                                                        18.549.199           34.079.545                Demand deposits              Pembelian aset tetap                       18a                   (6.141.551)          (3.086.377)         Acquisition of fixed assets
    Tabungan                                                    70.964.416           28.969.554                  Saving deposits            Pembelian aset                                                                                                           Acquisition of
    Deposito berjangka                                          11.951.464           (7.185.303)                  Time deposits               takberwujud                              19                    (2.402.345)          (1.934.659)                 intangible assets
    Interbank call money                                         2.679.658            2.845.795            Interbank call money             Kenaikan investasi                                                                                          Increase in Subsidiaries’
                                                                                                                 Obligations due              Entitas Anak                                                      (15.072)             (29.770)                         investment
     Liabilitas segera                                           1.218.775               428.927                  immediately               Penerimaan dari divestasi penyertaan                                                                    Receipts from divestment of
     Liabilitas kepada pemegang                                                                               Liability to unit-link          pada Entitas Asosiasi                                                   -              140.000                   Associate Entity
       polis unit-link                     27                    (1.181.816)           (515.525)                 policyholders              Penyertaan pada entitas lain                                        (20.000)                   -          Investment in other entity
     Utang pajak lainnya                                            488.808             (78.008)            Other taxes payable             Penerimaan bersih dari pengalihan                                                                        Net proceeds from control
                                                                                                                                              pengendalian atas Entitas Anak           59b                     951.284                       -        transfer of a Subsidiary
     Liabilitas lain-lain                                         3.441.525          11.754.709                   Other liabilities

  Bank syariah - dana syirkah                                                                             Sharia bank - temporary           Kas neto yang diperoleh dari                                                                                  Net cash provided by
    temporer                                                                                                        syirkah funds             aktivitas investasi                                           17.730.695           17.884.187               investing activities
    Giro - investasi                                                                                           Demand deposits
      terikat                                                                                          - restricted investment
      dan giro                                                                                               and mudharabah                 ARUS KAS DARI                                                                                                 CASH FLOWS FROM
      mudharabah                                                                                                  musytarakah                 AKTIVITAS                                                                                                         FINANCING
      musytarakah                                                4.818.540             9.662.291             demand deposits                  PENDANAAN                                                                                                         ACTIVITIES
    Tabungan -                                                                                                   Saving deposits            Penerimaan dari efek-efek                                                                                       Receipts from debt
      investasi terikat                                                                                - restricted investment                yang diterbitkan                                              25.460.904           16.611.244                 securities issued
      dan investasi                                                                                          and mudharabah                 Pembayaran atas efek-efek                                                                                        Payments of debt
      tidak terikat                                                                                            saving deposits
      tabungan                                                                                                    - unrestricted              yang diterbitkan                                              (36.082.179)        (12.065.865)                securities issued
      mudharabah                                                 7.510.475             5.382.833                     investment             Penerimaan dari pinjaman                                                                                        Receipts from fund
                                                                                                                                              yang diterima                                                 99.255.831           67.056.159                      borrowings
                                                                                                                                            Pembayaran atas pinjaman                                                                                         Payments of fund
                                                                                                                                              yang diterima                                                 (48.433.335)        (34.822.471)                     borrowings




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

                                                                 15
PT BANK MANDIRI (PERSERO) TBK                          1294                                                                                                                                                  1295
                                                                                                                                                                                                             16                                            ANNUAL REPORT 2024
Page 370
        FINANCIAL STATEMENTS 2024


                                                                                                                                                                                    PT BANK MANDIRI (PERSERO) Tbk.
                                          PT BANK MANDIRI (PERSERO) Tbk.                                                                                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
                                                                                                                                            CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
LAPORAN ARUS KAS KONSOLIDASIAN                                             CONSOLIDATED STATEMENTS OF CASH FLOWS                            KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS
UNTUK TAHUN-TAHUN YANG BERAKHIR                                                                       FOR THE YEARS ENDED                   31 DESEMBER 2024 DAN 2023                                                                     31 DECEMBER 2024 AND 2023
PADA TANGGAL 31 DESEMBER 2024 DAN 2023                                                           31 DECEMBER 2024 AND 2023                  (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)

                                        Catatan/                                                                                            1.   INFORMASI UMUM                                            1.     GENERAL INFORMATION
                                         Notes                  2024                  2023
                                                                                                                                                 a.   Pendirian usaha                                             a.   Establishment
ARUS KAS DARI                                                                                                CASH FLOWS FROM
 AKTIVITAS                                                                                                          FINANCING                         PT Bank Mandiri (Persero) Tbk. (selanjutnya                      PT Bank Mandiri (Persero) Tbk. (hereinafter
 PENDANAAN (lanjutan)                                                                                     ACTIVITIES (continued)                      disebut “Bank Mandiri” atau “Bank”) didirikan                    referred to as “Bank Mandiri” or the “Bank”) was
                                                                                                                                                      pada tanggal 2 Oktober 1998 di Negara Republik                   established on 2 October 1998 in the Republic of
Penerimaan dari pinjaman                                                                                 Receipts from subordinated
                                                                                                                                                      Indonesia dengan Akta Notaris Sutjipto, S.H.,                    Indonesia based on Notarial Deed No. 10 of
  dan efek-efek                                                                                             loans and marketable
  subordinasi                                                              -             300.000                          securities                  No. 10, berdasarkan Peraturan Pemerintah                         Sutjipto, S.H., under Government Regulation
Pembayaran atas                                                                                                          Payments of                  No. 75 Tahun 1998 tanggal 1 Oktober 1998. Akta                   No. 75 Year 1998 dated 1 October 1998. The deed
  pinjaman dan                                                                                                  subordinated loans                    pendirian dimaksud telah disahkan oleh Menteri                   of establishment was approved by the Ministry of
  efek-efek                                                                                                         and marketable
  subordinasi                                                       (16.887)            (517.151)                         securities                  Kehakiman Republik Indonesia berdasarkan                         Justice of the Republic of Indonesia in its Decision
Kenaikan liabilitas                                                                                                        Increase in                Surat Keputusan No. C2-16561.HT.01.01.TH.98                      Letter No. C2-16561.HT.01.01.TH.98 dated
  atas efek-efek yang                                                                                                securities sold                  tanggal 2 Oktober 1998, serta diumumkan                          2 October 1998 and was published in Supplement
  dijual dengan janji                                                                                        under agreements to                      pada Tambahan No. 6859 dalam Berita                              No. 6859 of State Gazette of the Republic of
  dibeli kembali                                                 53.371.351           11.611.121              repurchase liabilities
Pembayaran liabilitas sewa                 35                    (1.651.500)          (1.692.169)       Payments for lease liabilities                Negara Republik Indonesia No. 97 tanggal                         Indonesia No. 97 dated 4 December 1998.
Pembayaran dividen                         40c                  (33.036.034)         (24.702.382)             Payments of dividends                   4 Desember 1998.
Penambahan kepemilikan pada                                                                                     Acquisition of interest
  Entitas Anak dari kepentingan                                                                                in a Subsidiary from                   Bank Mandiri didirikan melalui penggabungan                      Bank Mandiri was established through the merger
  nonpengendali                                                  (1.019.000)                     -         non-controlling interest
                                                                                                                                                      usaha PT Bank Bumi Daya (Persero) (“BBD”),                       of PT Bank Bumi Daya (Persero) (“BBD”),
Kas neto yang diperoleh dari                                                                                  Net cash provided by                    PT Bank Dagang Negara (Persero) (“BDN”),                         PT Bank Dagang Negara (Persero) (“BDN”),
  aktivitas pendanaan                                           57.849.151           21.778.486               financing activities
                                                                                                                                                      PT Bank Ekspor Impor Indonesia (Persero)                         PT Bank Ekspor Impor Indonesia (Persero) (“Bank
                                                                                                                                                      (“Bank Exim”) dan PT Bank Pembangunan                            Exim”) and PT Bank Pembangunan Indonesia
PENURUNAN                                                                                                     NET DECREASE IN                         Indonesia (Persero) (“Bapindo”) (selanjutnya                     (Persero) (“Bapindo”) (hereinafter collectively
 NETO KAS DAN                                                                                                      CASH AND
 SETARA KAS                                                      (3.978.432)         (30.141.285)          CASH EQUIVALENTS                           secara bersama-sama disebut “Bank Peserta                        referred to as the “Merged Banks”).
                                                                                                                                                      Penggabungan”).
DAMPAK PERUBAHAN                                                                                         EFFECTS OF EXCHANGE
 SELISIH KURS                                                                                              RATE CHANGES ON                            Berdasarkan Pasal 3 Anggaran Dasar Bank                          Based on Article 3 of the Bank’s Articles of
 TERHADAP                                                                                                    CASH AND CASH
 KAS DAN SETARA KAS                                              4.214.862              (946.566)              EQUIVALENTS                            Mandiri, ruang lingkup kegiatan Bank Mandiri                     Association, Bank Mandiri is engaged in banking
                                                                                                                                                      adalah melakukan usaha di bidang perbankan                       activities in accordance with prevailing laws and
                                                                                                               CASH AND CASH                          sesuai dengan ketentuan dan peraturan                            regulations. The Bank commenced its operations
KAS DAN SETARA KAS PADA                                                                                  EQUIVALENTS AT THE                           perundang-undangan yang berlaku. Bank Mandiri                    on 1 August 1999. The Bank’s Parent Entity is the
 AWAL TAHUN                                                 243.801.693             274.889.544           BEGINNING OF YEAR
                                                                                                                                                      mulai beroperasi pada tanggal 1 Agustus 1999.                    Government of the Republic of Indonesia through
                                                                                                               CASH AND CASH                          Entitas Induk Bank adalah Pemerintah Republik                    the Ministry of State-Owned Enterprises which is
KAS DAN SETARA KAS PADA                                                                                  EQUIVALENTS AT THE                           Indonesia melalui Kementerian BUMN yang                          the Ministry within the Indonesian Government that
 AKHIR TAHUN                                                244.038.123             243.801.693                 END OF YEAR                           merupakan Kementerian dalam Pemerintah                           is in charge of state-owned enterprises
                                                                                                                                                      Indonesia yang membidangi urusan pembinaan                       development affairs.
Kas dan setara kas                                                                                       Cash and cash equivalents
  pada akhir tahun                                                                                             at the end of year                     badan usaha milik negara.
  terdiri dari:                                                                                                       consists of:
                                                                                                                                                      Anggaran Dasar Bank Mandiri telah mengalami                      The Articles of Association of Bank Mandiri has
Kas                                     62.B.(vii)              31.665.082           26.431.740                                  Cash
Giro pada                                                                                                     Current accounts with                   beberapa kali perubahan, sebagaimana terakhir                    been amended several times, the latest
  Bank Indonesia                            4               105.146.044             108.605.322                    Bank Indonesia                     berdasarkan Akta Pernyataan Keputusan Rapat                      amendment under Deed of Annual General
Giro pada                                                                                                     Current accounts with                   Umum Pemegang Saham Tahunan No. 07,                              Meeting of Shareholders No. 07, dated 3 April
  bank lain                                 5                   46.668.439           36.606.090                        other banks
Investasi jangka pendek                                                                                             Liquid short-term                 tanggal 3 April 2024, yang dibuat di hadapan                     2024 made before notary Utiek R. Abdurachman,
  likuid dengan                                                                                                  investments with                     Utiek R. Abdurachman, S.H., MLI., M.Kn., notaris                 S.H., MLI, M.Kn, notary in Jakarta. This
  jangka waktu jatuh                                                                                               a period of time                   di    Jakarta.  Perubahan     tersebut    telah                  amendment has been submitted to and approved
  tempo tiga bulan                                                                                                maturity of three                   diberitahukan   kepada    dan     mendapatkan                    by the Ministry of Laws and Human Rights of the
  atau kurang sejak                                                                                           months or less from
  tanggal perolehan                                             60.558.558           72.158.541             the date of acquisition                   persetujuan    Menteri   Hukum      dan    Hak                   Republic of Indonesia, in its Decision Letter No.
                                                                                                                                                      Asasi Manusia Republik Indonesia sesuai                          AHU-AH.01.03-0085149 and Decision Letter No.
Total kas dan                                                                                                        Total cash and                   dengan surat penerimaan pemberitahuan                            AHU-0022201.AH.01.02.Tahun 2024, both dated
  setara kas                                                244.038.123             243.801.693                  cash equivalents
                                                                                                                                                      No.      AHU-AH.01.03-0085149      dan    surat                  on 5 April 2024 and registered on Company’s
                                                                                                                                                      keputusan No. AHU-0022201.AH.01.02.Tahun                         Registry No.        AHU-0072626.AH.01.11.Tahun
                                                                                                                                                      2024 keduanya tanggal 5 April 2024 serta                         2024, dated on 5 April 2024
                                                                                                                                                      terdaftar pada Daftar Perseroan No. AHU-
                                                                                                                                                      0072626.AH.01.11.Tahun       2024       tanggal
                                                                                                                                                      5 April 2024.

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

PT BANK MANDIRI (PERSERO) TBK                          1296 17                                                                                                                                           129718                                      ANNUAL REPORT 2024
Page 371
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                   PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                         DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED               CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS             KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023            31 DESEMBER 2024 DAN 2023                                                                    31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)     (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                  1.     GENERAL INFORMATION (continued)                              1.   INFORMASI UMUM (lanjutan)                                1.     GENERAL INFORMATION (continued)
     b.    Penggabungan usaha                                          b.   Merger                                                       c.   Rekapitalisasi                                            c.   Recapitalisation
           Pada akhir bulan Februari 1998, Pemerintah                       At the end of February 1998, the Government of                    Dalam rangka mengatasi kondisi ekonomi yang                    In response to the effects of the adverse economic
           Republik     Indonesia     (selanjutnya   disebut                the Republic of Indonesia (hereinafter referred to                memburuk di Indonesia pada sektor perbankan,                   conditions on the banking sector in Indonesia, on
           “Pemerintah”) mengumumkan rencana untuk                          as “Government”) announced its plan to                            pada tanggal 31 Desember 1998, Pemerintah                      31 December 1998, the Government issued
           melakukan restrukturisasi atas Bank Peserta                      restructure the Merged Banks. In connection with                  telah mengeluarkan Peraturan Pemerintah                        Government Regulation No. 84 Year 1998
           Penggabungan. Sehubungan dengan rencana                          the restructurisation plan, the Government                        No. 84     Tahun    1998   tentang    Program                  regarding      Recapitalisation      Program    for
           restrukturisasi tersebut, Pemerintah mendirikan                  established Bank Mandiri in October 1998 through                  Rekapitalisasi Bank Umum yang bertujuan untuk                  Commercial Banks, which was designed to
           Bank Mandiri pada bulan Oktober 1998 dengan                      the payment of cash and the transfer the                          meningkatkan permodalan bank umum agar                         increase the paid-in capital of commercial banks to
           melakukan penyetoran tunai dan pengalihan                        Government’s shares of the Merged Banks (Notes                    dapat memenuhi Rasio Kecukupan Modal                           enable them to meet the minimum requirement of
           saham Pemerintah pada Bank Peserta                               40a and 40b). The difference between the transfer                 (Capital Adequacy Ratio yang selanjutnya                       Capital Adequacy Ratio (“CAR”) in accordance
           Penggabungan (Catatan 40a dan 40b). Selisih                      price and the book value of the shares at the time                disebut “CAR”) minimum sesuai dengan                           with prevailing regulation. The eligibility of
           antara harga transfer dan nilai buku saham pada                  of the restructurisation was not calculated as it was             ketentuan yang ditetapkan. Keikutsertaan bank                  commercial      banks    for    inclusion   in the
           saat restrukturisasi tidak dihitung karena dinilai               considered not practicable to do so. All losses                   umum dalam Program Rekapitalisasi didasarkan                   Recapitalisation    Program       is    based   on
           tidak praktis. Seluruh kerugian yang timbul                      incurred during the year of restructuring were                    pada persyaratan dan prosedur yang ditetapkan                  requirements and procedures set forth in the Joint
           selama periode restrukturisasi diakui dalam                      recognised in the Recapitalisation Program.                       dalam Surat Keputusan Bersama Menteri                          Decrees        No.      53/KMK.017/1999        and
           Program Rekapitalisasi.                                                                                                            Keuangan dan Gubernur Bank Indonesia No.                       No. 31/12/KEP/GBI dated 8 February 1999 of the
                                                                                                                                              53/KMK.017/1999      dan    No. 31/12/KEP/GBI                  Ministry of Finance and the Governor of Bank
           Rencana restrukturisasi tersebut dirancang untuk                 The restructurisation plan was designed to merge                  tanggal 8 Februari 1999. Berdasarkan Surat                     Indonesia. Based on the Joint Decrees, the
           menggabungkan        usaha      Bank       Peserta               the Merged Banks’ business into Bank Mandiri on                   Keputusan Bersama tersebut, Pemerintah antara                  Government, among others, shall implement the
           Penggabungan ke dalam Bank Mandiri pada                          July 1999 and the recapitalisation of Bank Mandiri.               lain harus melakukan Program Rekapitalisasi                    Recapitalisation Program for Commercial Banks
           bulan Juli 1999 dan rekapitalisasi Bank Mandiri.                 The restructurisation of the Merged Banks into                    Bank Umum terhadap seluruh Bank Milik Negara,                  with respect to all State-Owned Banks, Regional
           Restrukturisasi Bank Peserta Penggabungan ke                     Bank Mandiri also covered the following:                          Bank Pembangunan Daerah dan Bank Umum                          Development Banks, and Commercial Banks, with
           dalam Bank Mandiri juga mencakup:                                                                                                  yang berstatus “Bank Take Over” oleh Badan                     the status of “Bank Take Over”, by the Indonesian
           •   Restrukturisasi kredit yang diberikan;                       •   Restructurisation of loans;                                   Penyehatan Perbankan Nasional (“BPPN”).                        Bank Restructuring Agency (Badan Penyehatan
           •   Restrukturisasi    aset    non-kredit    yang                •   Restructurisation of non-loan assets;                                                                                        Perbankan Nasional or “BPPN”).
               diberikan;
           •   Rasionalisasi kantor cabang di dalam dan                     •   Rationalisation of domestic and overseas                      Pada tanggal 28 Mei 1999, Pemerintah                           On 28 May 1999, the Government issued
               luar negeri;                                                     offices;                                                      mengeluarkan Peraturan Pemerintah No. 52                       Government Regulation No. 52 of 1999 (PP No.
           •   Rasionalisasi sumber daya manusia.                           •   Rationalisation of human resources.                           Tahun 1999 (PP No. 52/1999) tentang                            52/1999) regarding additional capital investment by
                                                                                                                                              penambahan penyertaan modal Pemerintah                         the Government of Republic of Indonesia in Bank
           Berdasarkan Akta Notaris Sutjipto, S.H., No. 100                 Based on the Notarial Deed of Sutjipto, S.H.,                     Republik Indonesia pada Bank Mandiri melalui                   Mandiri through issuance of Government
           tanggal     24    Juli 1999,    Bank     Peserta                 No. 100 dated 24 July 1999, the Merged Banks                      penerbitan Obligasi Rekapitalisasi Pemerintah                  Recapitalisation Bonds to be issued then by the
           Penggabungan secara hukum melakukan                              were legally merged into Bank Mandiri. The                        oleh Menteri Keuangan dengan nilai maksimum                    Ministry of Finance with a value of up to
           penggabungan       usaha   ke     dalam    Bank                  Merger Deed was legalised by the Ministry of                      Rp137.800.000. Pelaksanaan PP No. 52/1999                      Rp137,800,000. The implementation of PP No.
           Mandiri. Akta Penggabungan Usaha tersebut                        Justice of the Republic of Indonesia in its Decision              diatur dalam Surat Keputusan Bersama Menteri                   52/1999 was set forth in Joint Decrees of the
           disahkan oleh Menteri Kehakiman Republik                         Letter No. C-13.781.HT.01.04.TH.99 dated 29 July                  Keuangan dan Gubernur Bank Indonesia                           Ministry of Finance and the Governor of Bank
           Indonesia dengan Surat Keputusan No. C-                          1999 and approved by the Governor of Bank                         No. 389/KMK.017/1999 dan No. 1/10/KEP/GBI                      Indonesia      No.    389/KMK.017/1999         and
           13.781.HT.01.04.TH.99 tanggal 29 Juli 1999 dan                   Indonesia       in     its     Decision       Letter              tanggal 29 Juli 1999.                                          No. 1/10/KEP/GBI dated 29 July 1999.
           disetujui oleh Gubernur Bank Indonesia dengan                    No. 1/9/KEP.GBI/1999 dated 29 July 1999. The
           Surat Keputusan No. 1/9/KEP.GBI/1999 tanggal                     merger was declared effective by the Department                   Selama Obligasi Rekapitalisasi Pemerintah                      While the Government Recapitalisation Bonds had
           29 Juli 1999. Penggabungan tersebut dinyatakan                   Chief of the South Jakarta Industry and Trade                     tersebut belum diterbitkan, pada saat itu Bank                 not yet been issued, at the point in time, Bank
           sah     oleh    Kepala   Kantor     Departemen                   Office in its Decision Letter No. 09031827089                     Mandiri mengakui adanya “Tagihan kepada                        Mandiri accounted the bonds as “Due from the
           Perindustrian dan Perdagangan Jakarta Selatan                    dated 31 July 1999.                                               Pemerintah” sebesar Rp137.800.000 sesuai                       Government” amounted to Rp137,800,000 in
           melalui Surat Keputusan No. 09031827089                                                                                            dengan penegasan Komitmen Pemerintah                           accordance with the Government’s Commitment
           tanggal 31 Juli 1999.                                                                                                              melalui   surat    dari    Menteri    Keuangan                 through the Ministry of Finance’s letter
                                                                                                                                              No. S-360/MK.017/1999 tanggal 29 September                     No. S-360/MK.017/1999 dated 29 September 1999
           Pada tanggal efektif penggabungan usaha:                         Effective from the date of the merger:                            1999    dan    persetujuan    Menteri   Negara                 and the approval of the Ministry of State-Owned
           •  Semua aset dan liabilitas Bank Peserta                        •   All assets and liabilities of the Merged Banks                Pendayagunaan BUMN melalui surat No. S-510/                    Enterprises in letter No. S-510/M-PBUMN/1999
              Penggabungan dialihkan ke Bank Mandiri                            were transferred to Bank Mandiri as the                       M-PBUMN/1999 tanggal 29 September 1999.                        dated 29 September 1999.
              sebagai Bank Hasil Penggabungan;                                  Surviving Bank;
           •  Semua operasi dan aktivitas bisnis Bank                       •   All operations and business activities of the                 Sesuai    dengan     Surat   Bank      Indonesia               Based on Bank Indonesia Letter No. 1/1/GBI/DPIP
              Peserta Penggabungan dialihkan dan                                Merged Banks were transferred and operated                    No. 1/1/GBI/DPIP tanggal 11 Oktober 1999                       dated 11 October 1999, regarding Issuance of
              dioperasikan oleh Bank Mandiri;                                   by Bank Mandiri;                                              perihal   Penerbitan    Obligasi/Surat     Utang               Government Bonds/Debentures in connection with
           •  Bank Mandiri mendapat tambahan modal                          •   Bank Mandiri received additional paid-in
                                                                                                                                              Pemerintah dalam rangka penyertaan modal                       the Government of Republic of Indonesia's capital
              disetor sebesar Rp1.000.000 (nilai penuh)                         capital amounted to Rp1,000,000 (full amount)
              atau setara dengan 1 (satu) lembar saham                          or equivalent to 1 (one) share representing the               Pemerintah Republik Indonesia di Bank Mandiri,                 investment in Bank Mandiri, Bank Indonesia
              yang merupakan sisa saham yang dimiliki                           remaining shares owned by the Government                      Bank Indonesia menyetujui tagihan kepada                       agreed to include the above receivable as Bank
              oleh Pemerintah pada masing-masing Bank                           in the Merged Banks (Notes 40a and 40b).                      Pemerintah tersebut di atas termasuk dalam                     Mandiri’s core capital (Tier 1) for the purposes of
              Peserta Penggabungan (Catatan 40a                                                                                               modal inti Bank Mandiri (Tier I) dalam                         calculating Capital Adequacy Ratio (CAR) as of
              dan 40b).                                                                                                                       perhitungan Rasio Kecukupan Modal (CAR) pada                   31 July 1999 until 30 September 1999, with a
                                                                                                                                              tanggal    31 Juli   1999    sampai      dengan                condition       that      not        later     than
           Pada tanggal efektif dimaksud, Bank Peserta                      On the effective date, the Merged Banks were                      30 September 1999, dengan syarat bahwa                         15      October      1999      the      Government
           Penggabungan secara hukum dibubarkan tanpa                       legally dissolved without liquidation process and                 selambat-lambatnya tanggal 15 Oktober 1999,                    Bonds/Debentures should have been received by
           proses likuidasi dan Bank Mandiri sebagai Bank                   Bank Mandiri, as the Surviving Bank, received all
                                                                                                                                              Obligasi/Surat Utang Pemerintah telah diterima                 Bank Indonesia.
           Hasil Penggabungan menerima seluruh hak dan                      the rights and obligations from the Merged Banks.
           liabilitas dari Bank Peserta Penggabungan.                                                                                         oleh Bank Indonesia.




                                                                     19
PT BANK MANDIRI (PERSERO) TBK                          1298                                                                                                                                      129920                                    ANNUAL REPORT 2024
Page 372
          FINANCIAL STATEMENTS 2024


                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                              PT BANK MANDIRI (PERSERO) Tbk.
                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED             CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS           KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                    31 DECEMBER 2024 AND 2023          31 DESEMBER 2024 DAN 2023                                                                   31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)   (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)


1.   INFORMASI UMUM (lanjutan)                                1.     GENERAL INFORMATION (continued)                            1.   INFORMASI UMUM (lanjutan)                               1.     GENERAL INFORMATION (continued)

     c.    Rekapitalisasi (lanjutan)                                 c.   Recapitalisation (continued)                               d.   Penawaran umum perdana saham dan kuasi-                   d.   Initial public offering of share and quasi-
                                                                                                                                          reorganisasi                                                   reorganisation
           Berdasarkan Peraturan Pemerintah No. 97                        Based on Government Regulation No. 97 year
                                                                                                                                          Penawaran    umum     perdana    saham     Bank                Initial public offering of Bank Mandiri’s share
           Tahun 1999 tanggal 24 Desember 1999 tentang                    1999 dated 24 December 1999 regarding the
                                                                                                                                          Mandiri
           Penambahan      Penyertaan      Modal   Negara                 Addition of State Capital of the Republic of
           Republik Indonesia ke dalam Modal Perusahaan                   Indonesia into the Capital of the Company                       Bank Mandiri telah menyampaikan pernyataan                     Bank Mandiri had submitted its registration for an
           Perseroan (Persero) PT Bank Mandiri dalam                      (Persero) of PT Bank Mandiri in Relation to the                 pendaftaran sehubungan dengan Penawaran                        Initial Public Offering (“IPO”) to Financial Services
           Rangka Program Rekapitalisasi Bank Umum,                       Commercial Bank Recapitalisation Program, the                   Umum Perdana Saham (Initial Public Offering                    Authorities (“FSA”), previously the Capital Market
           Pemerintah menambah penyertaan modal                           Government increased its capital investment to a                yang selanjutnya disebut “IPO”) kepada Otoritas                Supervisory Board and Financial Institution
           sampai sejumlah maksimum Rp42.200.000,                         maximum of Rp42,200,000, so that the total                      Jasa Keuangan (“OJK”), dahulu Badan                            (“Bapepam and LK”) on 2 June 2003 and became
           sehingga    penyertaan     secara  keseluruhan                 maximum of investment become amounted to                        Pengawas Pasar Modal dan Lembaga Keuangan                      effective based on the Letter from the Chairman of
           menjadi        setinggi-tingginya      sebesar                 Rp180,000,000.                                                  (“Bapepam dan LK”), pada tanggal 2 Juni 2003                   Bapepam and LK No. S-1551/PM/2003 dated
           Rp180.000.000.                                                                                                                 dan telah dinyatakan efektif berdasarkan Surat                 27 June 2003.
                                                                                                                                          Ketua Bapepam dan LK No. S-1551/PM/2003
           Dalam      rangka    pelaksanaan      Peraturan                In relation to the implementation of the above                  tanggal 27 Juni 2003.
           Pemerintah No. 52 dan No. 97 Tahun 1999                        Government Regulations No. 52 and No. 97 year
           tersebut di atas, maka dalam Perjanjian                        1999,     in  the   Temporary    Recapitalisation               Nama perusahaan berubah dari semula PT Bank                    The Bank’s name was changed from PT Bank
           Rekapitalisasi Sementara antara Pemerintah                     Agreement between the Government and Bank                       Mandiri (Persero) menjadi PT Bank Mandiri                      Mandiri (Persero) to PT Bank Mandiri (Persero)
           dengan Bank Mandiri beserta perubahannya,                      Mandiri and its amendment, the Government                       (Persero) Tbk. berdasarkan perubahan Anggaran                  Tbk. based on an amendment to the Articles of
           Pemerintah     telah   mengeluarkan     Obligasi               issued Government Recapitalisation Bonds in 2                   Dasar yang dilaksanakan dengan Akta Notaris                    Association which has been executed with Notarial
           Rekapitalisasi Pemerintah dalam 2 (dua) tahap,                 (two) tranches which amounted to Rp103,000,000                  Sutjipto, S.H., No. 2 tanggal 1 Juni 2003 dan                  Deed of Sutjipto, S.H., No. 2 dated 1 June 2003 and
           yaitu sebesar Rp103.000.000 pada tanggal                       on 13 October 1999 and Rp75,000,000 on                          telah disetujui oleh Menteri Hukum dan Hak                     had approved by the Ministry of Law and Human
           13 Oktober 1999 dan Rp75.000.000 pada tanggal                  28 December 1999 so that as of 31 December                      Asasi Manusia Republik Indonesia berdasarkan                   Rights of the Republic of Indonesia in its Decision
           28 Desember 1999, sehingga pada tanggal                        1999 the total Government Recapitalisation Bonds                Surat Keputusan No. C-12783.HT.01.04.TH.2003                   Letter No. C-12783.HT.01.04.TH.2003 dated 6 June
           31 Desember 1999 jumlah keseluruhan Obligasi                   issued in accordance with the aforementioned                    tanggal 6 Juni 2003 dan telah diumumkan pada                   2003 that was published in the State Gazette
           Rekapitalisasi Pemerintah yang diterbitkan                     agreements become amounted to Rp178,000,000.                    Berita Negara Republik Indonesia No. 63                        Republic of Indonesia No. 63 dated 8 August 2003,
                                                                                                                                          tanggal 8 Agustus 2003, Tambahan Berita                        Supplement State Gazette of Republic of Indonesia
           berdasarkan perjanjian tersebut menjadi sebesar
                                                                                                                                          Negara Republik Indonesia No. 6590.                            No. 6590.
           Rp178.000.000.
                                                                                                                                          Pada tanggal 14 Juli 2003, Bank Mandiri                        On 14 July 2003, Bank Mandiri had an IPO of its
           Berdasarkan Kontrak Manajemen pada tanggal                     Based on the Management Contract dated 8 April                  melakukan IPO atas 4.000.000.000 lembar                        4,000,000,000 Series B common shares through,
           8 April 2000 antara Bank Mandiri dan                           2000 between Bank Mandiri and the Government,                   Saham Biasa Seri B, dengan nilai nominal Rp500                 with a nominal value of Rp500 (full amount) per
           Pemerintah, ditetapkan jumlah kebutuhan                        the total amount of recapitalisation required by                (nilai penuh) per lembar saham yang dijual                     share with an initial selling price of Rp675 (full
           rekapitalisasi Bank Mandiri adalah sebesar                     Bank Mandiri was Rp173,931,000, or less than the                dengan harga Rp675 (nilai penuh) per lembar                    amount) per share. The IPO to public represents a
           Rp173.931.000 atau lebih kecil dari jumlah                     amount of the Government Recapitalisation                       saham. Penawaran umum kepada masyarakat                        divestment of 20.00% of the ownership of the
           Obligasi    Rekapitalisasi   Pemerintah.    Dari               Bonds. The excess of Rp1,412,000 was used as                    tersebut merupakan divestasi atas 20,00%                       Government’s share in Bank Mandiri (Note 40a).
           kelebihan     tersebut,  sebesar   Rp1.412.000                 additional paid-in capital and the remaining excess             saham Bank Mandiri milik Pemerintah (Catatan
           digunakan sebagai tambahan modal disetor,                      balance of Rp2,657,000 was returned to the                      40a).
           sedangkan sisanya sebesar Rp2.657.000                          Government on 7 July 2000 in the form of
           dikembalikan kepada Pemerintah pada tanggal                    Government Recapitalisation Bonds equivalent to                 Pada tanggal 14 Juli 2003, sebanyak                            On 14 July 2003, 19,800,000,000 of Bank Mandiri’s
           7 Juli 2000 dalam bentuk Obligasi Rekapitalisasi               2,657,000 units.                                                19.800.000.000 lembar Saham Biasa Seri B                       Series B common shares were listed on the Jakarta
           Pemerintah sebanyak 2.657.000 unit.                                                                                            Bank Mandiri telah dicatatkan di Bursa                         Stock Exchange and Surabaya Stock Exchange
                                                                                                                                          Efek Jakarta dan Bursa Efek Surabaya                           based on Jakarta Stock Exchange’s Approval Letter
           Sesuai Surat Menteri Keuangan Republik                         Based on the Letter from the Ministry of Finance of             berdasarkan surat persetujuan dari Bursa Efek                  No. S-1187/BEJ.PSJ/07-2003 dated 8 July 2003
           Indonesia    No.    S-174/MK.01/2003    tanggal                the Republic of Indonesia No. S-174/MK.01/2003                  Jakarta No. S-1187/BEJ.PSJ/07-2003 tanggal                     and Surabaya Stock Exchange’s Approval Letter
           24 April 2003 tentang pengembalian kelebihan                   dated 24 April 2003 regarding the return of the                 8 Juli 2003 dan Bursa Efek Surabaya                            No. JKT-028/LIST/BES/VII/2003 dated 10 July
           Obligasi    Rekapitalisasi   Pemerintah   yang                 excess of Government Recapitalisation Bonds,                    No. JKT-028/LIST/BES/VII/2003 tanggal 10 Juli                  2003.
           sebelumnya digunakan sebagai tambahan                          which was previously used as additional paid-in                 2003.
           modal, Bank Mandiri telah mengembalikan                        capital, Government Recapitalisation Bonds
           Obligasi Rekapitalisasi Pemerintah sebesar                     amounted to Rp1,412,000 were returned to the                    Kuasi-reorganisasi                                             Quasi-reorganisation
           Rp1.412.000 kepada Pemerintah pada tanggal                     Government by Bank Mandiri on 25 April 2003
                                                                                                                                          Untuk menghilangkan konsekuensi negatif                        In order for Bank Mandiri to eliminate the negative
           25 April 2003 (Catatan 40b).                                   (Note 40b).
                                                                                                                                          karena dibebani dengan saldo rugi, Bank Mandiri                consequences of being burdened by accumulated
                                                                                                                                          melakukan kuasi-reorganisasi sesuai keputusan                  losses, the Bank undertook quasi-reorganisation as
           Menteri   Keuangan      Republik   Indonesia                   The Ministry of Finance of Republic of Indonesia                Rapat Umum Pemegang Saham Luar Biasa                           approved in the Extraordinary General Meeting of
           mengeluarkan Surat Keputusan (“KMK-RI”)                        issued       Decree       Letter      (“KMK-RI”)                (“RUPS-LB”) tanggal 29 Mei 2003.                               Shareholders (“RUPS-LB”) on 29 May 2003.
           No. 227/KMK.02/2003 tanggal 23 Mei 2003 dan                    No. 227/KMK.02/2003 dated 23 May 2003 and
           KMK-RI    No.    420/KMK-02/2003     tanggal                   KMK-RI      No.      420/KMK-02/2003       dated                Penyesuaian kuasi-reorganisasi telah dibukukan                 The quasi-reorganisation adjustments were booked
           30 September 2003 yang antara lain                             30 September 2003, among others, confirmed that                 pada tanggal 30 April 2003, saldo rugi sebesar                 on 30 April 2003, which the accumulated losses of
           memutuskan jumlah final tambahan penyertaan                    the final amount of the addition of the                         Rp162.874.901 dieliminasi ke akun tambahan                     Rp162,874,901 were eliminated against additional
           modal Pemerintah di Bank Mandiri sebesar                       Government’s capital investment participation in                modal disetor/agio saham.                                      paid-in capital/agio.
           Rp173.801.315 (Catatan 40b).                                   Bank Mandiri amounted to Rp173,801,315 (Note
                                                                          40b).



                                                                                                                                                                                                  22
PT BANK MANDIRI (PERSERO) TBK                        1300          21                                                                                                                       1301                                        ANNUAL REPORT 2024
Page 373
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                    PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                          DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED               CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS             KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                     31 DECEMBER 2024 AND 2023            31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)     (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                 1.     GENERAL INFORMATION (continued)                              1.   INFORMASI UMUM (lanjutan)                                  1.     GENERAL INFORMATION (continued)
     d.    Penawaran umum perdana saham dan kuasi-                    d.   Initial public offering of share and quasi-                  f.   Penawaran umum obligasi dan medium term                      f.   Public offering of subordinated bonds and
           reorganisasi (lanjutan)                                         reorganisation (continued)                                        notes subordinasi, penawaran umum obligasi                        medium term notes, public offering of bonds
                                                                                                                                             dan medium term notes, penawaran umum                             and medium term notes, limited public offering
           Kuasi-reorganisasi (lanjutan)                                   Quasi-reorganisation (continued)
                                                                                                                                             terbatas saham, perubahan modal saham                             of shares, changes in share capital of Bank
           Anggaran Dasar Bank Mandiri telah mengalami                     Bank Mandiri’s Articles of Association were                       Bank Mandiri dan pembelian kembali saham                          Mandiri and repurchase of Bank Mandiri shares
           perubahan sehubungan dengan perubahan                           amended due to the changes in additional paid-in                  Bank Mandiri (lanjutan)                                           (continued)
           tambahan modal disetor karena adanya kuasi-                     capital as a result of quasi-reorganisation, based on
           reorganisasi sesuai dengan Akta Notaris Sutjipto,               Notarial Deed of Sutjipto, S.H., No. 130 dated                    Penawaran umum obligasi dan medium term                           Public offering of Bank Mandiri bonds and
           S.H., No. 130 tanggal 29 September 2003 dan                     29 September 2003 which was approved by the                       notes Bank Mandiri (lanjutan)                                     medium term notes (continued)
           telah disahkan oleh Menteri Hukum dan Hak                       Ministry of Law and Human Rights of the Republic
           Asasi Manusia Republik Indonesia berdasarkan                    of Indonesia in its Decision Letter No. C-                        Pada tanggal 4 April 2023, Bank Mandiri                           On 4 April 2023, Bank Mandiri issued the fourth
           Surat Keputusan No. C-25309.HT.01.04.TH.2003                    25309.HT.01.04.TH.2003 dated 23 October 2003                      menerbitkan Euro Medium Term Notes (EMTN)                         Euro Medium Term Notes (EMTN), with a nominal
           tanggal 23 Oktober 2003 dan diumumkan pada                      and was published in the State Gazette Republic of                keempat, dengan nilai nominal sebesar                             value of USD300,000,000 (full amount) in the
           Berita Negara Republik Indonesia No. 910                        Indonesia No. 910 dated 23 October 2003                           USD300.000.000 (nilai penuh) di Singapore                         Singapore Exchange (SGX).
           tanggal 23 Oktober 2003, Tambahan No. 93.                       Supplement No. 93.                                                Exchange (SGX).

           Pada tanggal 30 Oktober 2003, RUPS-LB Bank                      On 30 October 2003, Bank Mandiri’s RUPS-LB                        Pada tanggal 19 April 2021, Bank Mandiri                          On 19 April 2021, Bank Mandiri issued the third
           Mandiri menyetujui kuasi-reorganisasi pada                      approved the quasi-reorganisation as of 30 April                  menerbitkan EMTN ketiga, yaitu Sustainability                     EMTN, namely the Sustainability Bond Bank Mandiri
           tanggal 30 April 2003 tersebut sebagaimana                      2003, which were notarised by Sutjipto, S.H., in                  Bond Bank Mandiri 2021, dengan nilai nominal                      2021, with a nominal value of USD300,000,000 (full
           terdapat dalam Akta Notaris Sutjipto, S.H.,                     Notarial Deed No. 165 dated 30 October 2003.                      sebesar USD300.000.000 (nilai penuh) di SGX.                      amount) in the SGX.
           No. 165 tanggal 30 Oktober 2003.
                                                                                                                                             Pada tanggal 13 Mei 2020, Bank Mandiri                            On 13 May 2020, Bank Mandiri issued the second
     e.    Divestasi kepemilikan saham oleh Pemerintah                e.   Divestment of Government share ownership
                                                                                                                                             menerbitkan EMTN kedua, dengan nilai nominal                      EMTN with nominal value of USD500,000,000 (full
           Pada tanggal 11 Maret 2004, Pemerintah telah                    On 11 March 2004, the Government divested                         sebesar USD500.000.000 (nilai penuh) dan pada                     amount) and on 11 April 2019 the Bank issued the
           melakukan divestasi lanjutan atas 10,00%                        another 10.00% of its ownership in Bank Mandiri                   tanggal 11 April 2019, menerbitkan EMTN                           first EMTN with nominal value of USD750,000,000
           kepemilikan di Bank Mandiri atau sebanyak                       which was equivalent to 2,000,000,000 Series B                    pertama,     dengan       nominal     sebesar                     (full amount) in the SGX.
           2.000.000.000 lembar Saham Biasa Seri B                         common shares through private placements (Note                    USD750.000.000 (nilai penuh) di SGX.
           melalui private placements (Catatan 40a).                       40a).
                                                                                                                                             Pada tanggal 12 Mei 2020, Bank Mandiri                            On 12 May 2020, Bank Mandiri issued Continuous
     f.    Penawaran umum obligasi dan medium term                    f.   Public offering of subordinated bonds and                         menerbitkan Obligasi Berkelanjutan II Bank                        Bonds II Bank Mandiri Phase I Year 2020
           notes subordinasi, penawaran umum obligasi                      medium term notes, public offering of bonds                       Mandiri Tahap I Tahun 2020 (“Obligasi                             (“Continuous Bonds II Phase I”) with nominal value
           dan medium term notes, penawaran umum                           and medium term notes, limited public offering                    Berkelanjutan II Tahap I”) dengan nilai nominal                   of Rp1,000,000. Public offering of Continuous
           terbatas saham, perubahan modal saham                           of shares, changes in share capital of Bank                       sebesar Rp1.000.000. Penawaran Umum                               Bonds II Bank Mandiri Phase I Year 2020 was
           Bank Mandiri dan pembelian kembali saham                        Mandiri and repurchase of Bank Mandiri shares                     Berkelanjutan Obligasi Berkelanjutan II Bank                      effective based on Letter of FSA Capital Market
           Bank Mandiri                                                                                                                      Mandiri Tahap I Tahun 2020 efektif sesuai Surat                   No. S-133/D.04/2020 dated 30 April 2020.
                                                                                                                                             OJK Pasar Modal No. S-133/D.04/2020 tanggal
           Penawaran umum obligasi dan medium term                         Public offering of Bank Mandiri subordinated                      30 April 2020.
           notes subordinasi Bank Mandiri                                  bonds and medium term notes
                                                                                                                                             Pada tanggal 21 September 2018, Bank Mandiri                      On 21 September 2018, Bank Mandiri issued
           Pada tanggal 23 Juni 2023, Bank Mandiri                         On 23 June 2023, Bank Mandiri issued                              menerbitkan Obligasi Berkelanjutan I Bank                         Continuous Bonds I Bank Mandiri Phase III Year
           menerbitkan Medium Term Notes Subordinasi II                    Subordinated Medium Term Notes II Bank Mandiri
                                                                                                                                             Mandiri Tahap III Tahun 2018 (“Obligasi                           2018 ("Continuous Bonds I Phase III") with a
           Bank Mandiri Tahun 2023 dengan nilai nominal                    Year 2023 with nominal value of Rp100,000.
           sebesar Rp100.000.                                                                                                                Berkelanjutan I Tahap III”) dengan nilai nominal                  nominal value of Rp3,000,000.
                                                                                                                                             sebesar Rp3.000.000.
           Pada tanggal 31 Juli 2018, Bank Mandiri                         On 31 July 2018, Bank Mandiri issued Subordinated
           menerbitkan Medium Term Notes Subordinasi I                     Medium Term Notes I Bank Mandiri Year 2018 with                   Pada tanggal 15 Juni 2017, Bank Mandiri                           On 15 June 2017, Bank Mandiri issued Continuous
           Bank Mandiri Tahun 2018 dengan nilai nominal                    nominal value of Rp500,000.                                       menerbitkan Obligasi Berkelanjutan I Bank                         Bonds I Bank Mandiri Phase II Year 2017
           sebesar Rp500.000.                                                                                                                Mandiri Tahap II Tahun 2017 (“Obligasi                            ("Continuous Bonds I Phase II") with a nominal
                                                                                                                                             Berkelanjutan I Tahap II”) dengan nilai nominal                   value of Rp6,000,000.
           Penawaran umum obligasi dan medium term                         Public offering of Bank Mandiri bonds and                         sebesar Rp6.000.000.
           notes Bank Mandiri                                              medium term notes
                                                                                                                                             Pada tanggal 30 September 2016, Bank Mandiri                      On 30 September 2016, Bank Mandiri issued
           Pada tanggal 4 Juli 2023, Bank Mandiri                          On 4 July 2023, Bank Mandiri issued Continuous                    menerbitkan Obligasi Berkelanjutan I Bank                         Continuous Bonds I Bank Mandiri Phase I Year
           menerbitkan Obligasi Berwawasan Lingkungan                      Green Bond I Bank Mandiri Phase I Year 2023                       Mandiri Tahap I Tahun 2016 (“Obligasi                             2016 (“Continuous Bonds I Phase I”) with nominal
           Berkelanjutan I Bank Mandiri Tahap I Tahun                      (“Continuous Green Bond I Phase I”) with nominal                  Berkelanjutan I Tahap I”) dengan nilai nominal                    amount of Rp5,000,000. Public offering of
           2023    (“Obligasi  Berwawasan      Lingkungan                  value of Rp5,000,000. Public offering of Continuous               sebesar Rp5.000.000. Penawaran Umum                               Continuous Bonds I Phase I, Continuous Bonds I
           Berkelanjutan I Tahap I”) dengan nilai nominal                  Green Bond I Bank Mandiri Phase I Year 2023 was                   Berkelanjutan Obligasi Berkelanjutan I Tahap I,                   Phase II, and Continuous Bonds I Phase III was
           sebesar Rp5.000.000. Penawaran Umum                             effective based on Letter of FSA Capital Market                   Obligasi Berkelanjutan I Tahap II dan Obligasi                    effective based on Letter of FSA Capital Market No.
           Berkelanjutan Obligasi Berwawasan Lingkungan                    No. S-137/D.04/2023 dated 21 June 2023.                           Berkelanjutan I Tahap III efektif sesuai Surat OJK                S-530/D.04/2016 dated on 22 September 2016.
           Berkelanjutan I Bank Mandiri Tahap I Tahun                                                                                        Pasar Modal No. S-530/D.04/2016 tanggal
           2023 efektif sesuai Surat OJK Pasar Modal
                                                                                                                                             22 September 2016.
           No. S-137/D.04/2023 tanggal 21 Juni 2023.




                                                                    23
PT BANK MANDIRI (PERSERO) TBK                         1302                                                                                                                                        130324                                     ANNUAL REPORT 2024
Page 374
          FINANCIAL STATEMENTS 2024


                                              PT BANK MANDIRI (PERSERO) Tbk.                                                                                                 PT BANK MANDIRI (PERSERO) Tbk.
                                         DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED               CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS             KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023            31 DESEMBER 2024 DAN 2023                                                                     31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)     (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                  1.     GENERAL INFORMATION (continued)                              1.   INFORMASI UMUM (lanjutan)                                 1.     GENERAL INFORMATION (continued)
                                                                                                                                         f.   Penawaran umum obligasi dan medium term                     f.   Public offering of subordinated bonds and
     f.    Penawaran umum obligasi dan medium term                     f.   Public offering of subordinated bonds and                         notes subordinasi, penawaran umum obligasi                       medium term notes, public offering of bonds
           notes subordinasi, penawaran umum obligasi                       medium term notes, public offering of bonds                       dan medium term notes, penawaran umum                            and medium term notes, limited public offering
           dan medium term notes, penawaran umum                            and medium term notes, limited public offering                    terbatas saham, perubahan modal saham                            of shares, changes in share capital of Bank
           terbatas saham, perubahan modal saham                            of shares, changes in share capital of Bank                       Bank Mandiri dan pembelian kembali saham                         Mandiri and repurchase of Bank Mandiri shares
           Bank Mandiri dan pembelian kembali saham                         Mandiri and repurchase of Bank Mandiri shares                     Bank Mandiri (lanjutan)                                          (continued)
           Bank Mandiri (lanjutan)                                          (continued)
                                                                                                                                              Perubahan modal saham Bank Mandiri                               Changes in share capital of Bank Mandiri
           Penawaran      umum        terbatas   saham   Bank               Limited public offering of Bank Mandiri shares                    Rincian perubahan modal saham ditempatkan                        The details of changes in issued                   and
           Mandiri                                                                                                                            dan disetor (Catatan 40a) adalah sebagai berikut:                fully paid-in-capital (Note 40a) are as follows:

           Untuk penguatan struktur permodalan, Bank                        To strengthen the capital structure, the Bank                                                                      Total saham/
           Mandiri meningkatkan modal ditempatkan dan                       increased its issued and paid-up capital through the                                                                Number of
           disetor melalui Penawaran Umum Terbatas                          Limited Public Offering ("LPO") with Pre-emptive                                                                      shares
           (“PUT”) dengan Hak Memesan Efek Terlebih                         Rights ("HMETD"). Bank Mandiri had submitted the
           Dahulu (“HMETD”). Terkait dengan PUT tersebut,                   first and second registration statement regarding of              Setoran awal dalam pendirian oleh                                                             Initial capital injection by
                                                                                                                                                Pemerintah di tahun 1998                            4.000.000                             the Government in 1998
           Bank Mandiri telah menyampaikan pernyataan                       this LPO to the Financial Services Authority (“FSA”),             Penambahan modal disetor oleh                                                             Increase in paid-in capital by
           pendaftaran pertama dan kedua kepada Otoritas                    previously the Capital Market Supervisory Board                     Pemerintah di tahun 1999                                251.000                           the Government in 1999
           Jasa Keuangan (“OJK”), dahulu Badan                              and Financial Institution ("Bapepam and LK") on
           Pengawas Pasar Modal dan Lembaga Keuangan                        26 December 2010 and 18 January 2011. Capital                                                                           4.251.000
           (“Bapepam      dan      LK”),  pada     tanggal                  Market Supervisory Board and Financial Institution                Penambahan modal disetor oleh                                                             Increase in paid-in capital by
           26 Desember 2010 dan tanggal 18 Januari 2011.                    on 27 January 2011 based on the Bapepam and LK                      Pemerintah di tahun 2003                            5.749.000                             the Government in 2003
           Bapepam dan LK berdasarkan Surat Pelaksana                       Acting Chief Letter No. S-807/BL/2011 stated that                                                                      10.000.000
           Ketua Bapepam dan LK No. S-807/BL/2011                           the LPO with HMETD of Bank Mandiri had been
           tanggal 27 Januari 2011 menyatakan bahwa                         effective. The Bank also obtained an approval from
           pendaftaran PUT dengan HMETD Bank Mandiri                        the shareholders based on the decision of                         Penurunan nilai nominal saham                                                          Decrease in par value per share
           tersebut telah efektif. Bank Mandiri juga telah                  Extraordinary General Meeting of Shareholder dated                  dari Rp1.000.000 (nilai penuh)                                                     from Rp1,000,000 (full amount)
                                                                                                                                                menjadi Rp500 (nilai penuh) per saham                                            to Rp500 (full amount) per share
           memperoleh persetujuan pemegang saham                            on 28 January 2011 as stated in Notary Deed by Dr.                  melalui stock split di tahun 2003              20.000.000.000                           through stock split in 2003
           sesuai hasil keputusan RUPS-LB tanggal                           A. Partomuan Pohan, S.H., LLM No. 15 dated                        Saham yang berasal dari konversi MSOP I
           28 Januari 2011 sebagaimana terdapat dalam                       25 February 2011 and had been reported to the                       pada tahun 2004                                   132.854.872           Shares from conversion of MSOP I in 2004
           Akta Notaris Dr. A. Partomuan Pohan, S.H., LLM                   Ministry of Law and Human Rights Republic of                      Saham yang berasal dari konversi MSOP I
           No. 15 tanggal 25 Februari 2011 yang telah                       Indonesia with the receipt No. AHU-AH.01.10-07446                   pada tahun 2005                                   122.862.492           Shares from conversion of MSOP I in 2005
                                                                                                                                              Saham yang berasal dari konversi MSOP I
           dilaporkan kepada Menteri Hukum dan Hak Asasi                    dated 10 March 2011. The Bank also registered it to                 pada tahun 2006                                    71.300.339           Shares from conversion of MSOP I in 2006
           Manusia Republik Indonesia dengan bukti                          Company Listing No. AHU-0019617.AH.01.09 Year                     Saham yang berasal dari konversi MSOP II
           penerimaan laporan No. AHU-AH.01.10-07446                        2011 dated 10 March 2011.                                           pada tahun 2006                                   304.199.764           Shares from conversion of MSOP II in 2006
           tanggal 10 Maret 2011 dan telah didaftarkan                                                                                        Saham yang berasal dari konversi MSOP I
           pada      Daftar     Perseroan   No.      AHU-                                                                                       pada tahun 2007                                    40.240.621           Shares from conversion of MSOP I in 2007
           0019617.AH.01.09       Tahun   2011     tanggal                                                                                    Saham yang berasal dari konversi MSOP II
                                                                                                                                                pada tahun 2007                                         343.135         Shares from conversion of MSOP II in 2007
           10 Maret 2011.                                                                                                                     Saham yang berasal dari konversi MSOP III
                                                                                                                                                pada tahun 2007                                    77.750.519          Shares from conversion of MSOP III in 2007
           Total HMETD yang diterbitkan Bank Mandiri                        Total number of HMETD issued by Bank Mandiri                      Saham yang berasal dari konversi MSOP I
           adalah sebanyak 2.336.838.591 lembar saham                       was 2,336,838,591 shares at a price of Rp5,000 (full                pada tahun 2008                                     8.107.633           Shares from conversion of MSOP I in 2008
           dengan harga sebesar Rp5.000 (nilai penuh) per                   amount) per share which had been determined on                    Saham yang berasal dari konversi MSOP II
                                                                                                                                                pada tahun 2008                                         399.153         Shares from conversion of MSOP II in 2008
           lembar yang telah ditetapkan pada tanggal                        25 January 2011 and the execution period of Pre-                  Saham yang berasal dari konversi MSOP III
           25 Januari 2011 dan pelaksanaan periode                          emptive     Rights      trading    started    from                  pada tahun 2008                                   147.589.260          Shares from conversion of MSOP III in 2008
           perdagangan     HMETD      dimulai     tanggal                   14 February 2011 until 21 February 2011.                          Saham yang berasal dari konversi MSOP II
           14 Februari 2011 sampai dengan 21 Februari                                                                                           pada tahun 2009                                          86.800         Shares from conversion of MSOP II in 2009
           2011.                                                                                                                              Saham yang berasal dari konversi MSOP III
                                                                                                                                                pada tahun 2009                                    64.382.217          Shares from conversion of MSOP III in 2009
                                                                                                                                              Saham yang berasal dari konversi MSOP II
           Pemerintah    Republik  Indonesia    sebagai                     The Government of the Republic of Indonesia as the                  pada tahun 2010                                     6.684.845           Shares from conversion of MSOP II in 2010
           pemegang saham mayoritas Bank Mandiri, tidak                     controlling shareholder of Bank Mandiri, did not                  Saham yang berasal dari konversi MSOP III
           melaksanakan haknya untuk memperoleh                             execute its right to acquire the HMETD, and                         pada tahun 2010                                    19.693.092      Shares from conversion of MSOP III in 2010
           HMETD,     namun    mengalihkannya    kepada                     transferred it to other public shareholders. As a                 Penambahan modal melalui PUT                                            Increase of capital through Limited Public
           pemegang saham publik lainnya, sehingga                          result of this, Government’s ownership in Bank                      dengan HMETD pada tahun 2011                    2.336.838.591 Offering (LPO) with Pre-emptive Rights in 2011
                                                                                                                                              Penurunan nilai nominal saham dari                                                Decrease of par value of share
           komposisi persentase kepemilikan saham                           Mandiri was reduced or diluted from 66.68%, prior to                Rp500 (nilai penuh) menjadi                                                       from Rp500 (full amount) to
           Pemerintah pada Bank Mandiri menjadi                             the execution of HMETD, to 60.00% after the                         Rp250 (nilai penuh) per saham                                                  Rp250 (full amount) per share
           berkurang atau mengalami dilusi dari sebesar                     execution of the HMETD.                                             melalui stock split di tahun 2017              23.333.333.333                       through stock split in 2017
           66,68% sebelum periode pelaksanaan HMETD                                                                                           Penurunan nilai nominal saham dari                                                Decrease of par value of share
           menjadi sebesar 60,00% setelah pelaksanaan                                                                                           Rp250 (nilai penuh) menjadi                                                       from Rp250 (full amount) to
                                                                                                                                                Rp125 (nilai penuh) per saham                                                  Rp125 (full amount) per share
           HMETD.                                                                                                                               melalui stock split di tahun 2023              46.666.666.666                       through stock split in 2023
                                                                                                                                              Total                                            93.333.333.332                                                     Total




PT BANK MANDIRI (PERSERO) TBK                            1304        25                                                                                                                           130526                                       ANNUAL REPORT 2024
Page 375
          FINANCIAL STATEMENTS 2024


                                             PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                       PT BANK MANDIRI (PERSERO) Tbk.
                                        DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                             DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED              CATATAN ATAS LAPORAN KEUANGAN                                                                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS            KONSOLIDASIAN                                                                                                                            FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023           31 DESEMBER 2024 DAN 2023                                                                                                            31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)    (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                   (Expressed in millions of Rupiah, unless otherwise stated)

                                                                                                                                   1.   INFORMASI UMUM (lanjutan)                                                                        1.     GENERAL INFORMATION (continued)
1.   INFORMASI UMUM (lanjutan)                                  1.     GENERAL INFORMATION (continued)
                                                                                                                                        f.   Penawaran umum obligasi dan medium term                                                            f.    Public offering of subordinated bonds and
     f.    Penawaran umum obligasi dan medium term                     f.   Public offering of subordinated bonds and                        notes subordinasi, penawaran umum obligasi                                                               medium term notes, public offering of bonds
           notes subordinasi, penawaran umum obligasi                       medium term notes, public offering of bonds                      dan medium term notes, penawaran umum                                                                    and medium term notes, limited public offering
           dan medium term notes, penawaran umum                            and medium term notes, limited public offering                   terbatas saham, perubahan modal saham                                                                    of shares, changes in share capital of Bank
           terbatas saham, perubahan modal saham                            of shares, changes in share capital of Bank                      Bank Mandiri dan pembelian kembali saham                                                                 Mandiri and repurchase of Bank Mandiri shares
           Bank Mandiri dan pembelian kembali saham                         Mandiri and repurchase of Bank Mandiri shares                    Bank Mandiri (lanjutan)                                                                                  (continued)
           Bank Mandiri (lanjutan)                                          (continued)
                                                                                                                                             Pembelian               kembali            saham            Bank         Mandiri                         Repurchase of Bank Mandiri shares (continued)
                                                                                                                                             (lanjutan)
           Perubahan      modal       saham   Bank   Mandiri                Changes in share capital of Bank Mandiri
           (lanjutan)                                                       (continued)                                                      Bank Mandiri telah melakukan pembelian kembali                                                           Bank Mandiri has executed repurchase of Bank
                                                                                                                                             saham sebanyak 35.400.000 lembar saham (nilai                                                            Mandiri shares amounted to 35,400,000 shares
           Pemecahan nilai nominal saham Bank Mandiri:                      Stock split of Bank Mandiri:                                     nominal Rp250 (nilai penuh) per lembar saham)                                                            (nominal value of Rp250 (full amount) per share)
                                                                                                                                             dengan harga perolehan sebesar Rp150.895.                                                                with acquisition price of Rp150,895. In December
           Berdasarkan keputusan RUPS-LB tanggal                            Based on the decision of the Extraordinary                       Pada bulan Desember 2022, Bank Mandiri telah                                                             2022, Bank Mandiri had released 35,400,000
           21 Agustus 2017 yang dituangkan dalam Akta                       General Meeting of Shareholders (“RUPS-LB”)                      melepaskan      saham     treasuri    sebanyak                                                           treasury shares (see Note 40d).
           No. 36, tanggal 24 Agustus 2017, yang dibuat di                  dated 21 August 2017 as stated in the Notarial                   35.400.000 lembar saham (lihat Catatan 40d).
           hadapan Ashoya Ratam S.H., M.Kn., pemegang                       Deed of Ashoya Ratam, S.H., M.Kn., No. 36 dated
           saham Bank Mandiri antara lain menyetujui                        24 August 2017, the shareholders of Bank Mandiri,           g.   Entitas Anak                                                                                       g. Subsidiaries
           pemecahan nilai nominal saham (stock split)                      approved the stock split of the Bank from Rp500                  Entitas Anak yang tercakup dalam laporan                                                                 Subsidiaries included in the consolidated financial
           Bank dari Rp500 (nilai penuh) per saham menjadi                  (full amount) per share to Rp250 (full amount) per               keuangan    konsolidasian pada   tanggal                                                                 statements as of 31 December 2024 and 2023, are
           Rp250 (nilai penuh) per saham sehingga modal                     share which resulted increase in issued capital into             31 Desember 2024 dan 2023 adalah sebagai                                                                 as follows:
           ditempatkan menjadi sejumlah 46.666.666.666                      46,666,666,666 shares consisting of 1 (one)                      berikut:
           lembar saham yang terdiri atas 1 (satu) lembar                   Dwiwarna Series A share and 46,666,666,665
           saham Seri A Dwiwarna dan 46.666.666.665                         Series B shares.                                                                                                                                                                      Persentase
                                                                                                                                                                                                                                                                Kepemilikan %/
           lembar saham Seri B.                                                                                                                                                                                                                                 Percentage of
                                                                                                                                                                                                                                                                 Ownership %
                                                                                                                                                                                                           Jenis Usaha/                 Kedudukan/
           Berdasarkan keputusan RUPS Tahunan tanggal                       Based on the decision of the Annual General                                    Nama Entitas Anak                            Nature of Business               Domicile            2024             2023                     Name of Subsidiaries
           14 Maret 2023 yang dituangkan dalam Akta                         Meeting of Shareholders (“RUPS”) dated 14 March
                                                                                                                                             PT Bank Syariah Indonesia Tbk.                               Perbankan syariah/                                                                           PT Bank Syariah Indonesia Tbk.
           No. 12 tanggal 16 Maret 2023, yang dibuat di                     2023, as stated in the Notarial Deed of Utiek R.                    (dahulu PT Bank Syariah Mandiri)                              Sharia banking                    Jakarta          51,47            51,47           (formerly PT Bank Syariah Mandiri)
           hadapan Utiek R. Abdurachman S.H., MLI.,                         Abdurachman S.H., MLI., M.Kn., No. 12 dated                      Bank Mandiri (Europe) Limited (BMEL)
                                                                                                                                                                                                                  Perbankan/
                                                                                                                                                                                                        Commercial banking                      London          100,00           100,00          Bank Mandiri (Europe) Limited (BMEL)
           M.Kn., pemegang saham Bank Mandiri antara                        16 March 2023, the shareholders of Bank Mandiri,                 PT Mandiri Sekuritas                                        Sekuritas/Securities                   Jakarta          99,99            99,99                           PT Mandiri Sekuritas
                                                                                                                                             PT Bank Mandiri Taspen                                               Perbankan/                                                                                  PT Bank Mandiri Taspen
           lain menyetujui pemecahan nilai nominal saham                    among others, approved a stock split of the Bank                    (dahulu PT Bank Mandiri Taspen Pos)                     Commercial banking                      Jakarta          51,10            51,10      (formerly PT Bank Mandiri Taspen Pos)
           (stock split) Bank dari Rp250 (nilai penuh) per                  from Rp250 (full amount) per share to Rp125 (full                PT Mandiri Tunas Finance (MTF)
                                                                                                                                                                                                      Pembiayaan konsumen/
                                                                                                                                                                                                         Consumer financing                     Jakarta          51,00            51,00                PT Mandiri Tunas Finance (MTF)
           saham menjadi Rp125 (nilai penuh) per saham                      amount) per share. This results in an increase in                Mandiri International Remittance                            Layanan remittance/                                                                           Mandiri International Remittance
                                                                                                                                                Sendirian Berhad (MIR)                                    Remittance service             Kuala Lumpur           100,00           100,00                      Sendirian Berhad (MIR)
           sehingga modal ditempatkan menjadi sejumlah                      the issued capital to a total of 93,333,333,332                                                                                    Asuransi jiwa/
           93.333.333.332 lembar saham yang terdiri atas                    shares, consisting of 1 (one) Dwiwarna Series A                  PT AXA Mandiri Financial Services (AMFS)                          Life insurance                   Jakarta          51,00            51,00     PT AXA Mandiri Financial Services (AMFS)
                                                                                                                                                                                                               Asuransi jiwa/
           1 (satu) lembar saham Seri A Dwiwarna dan                        shares and 93,333,333,331 Series B common                        PT Asuransi Jiwa Inhealth Indonesia                               Life insurance                   Jakarta          20,00*)          80,00            PT Asuransi Jiwa Inhealth Indonesia
           93.333.333.331 lembar saham Seri B. Untuk                        shares. For the Dwiwarna Series A shares owned                   PT Mandiri Utama Finance (MUF)
                                                                                                                                                                                                      Pembiayaan konsumen/
                                                                                                                                                                                                         Consumer financing                     Jakarta          99,99            51,00               PT Mandiri Utama Finance (MUF)
           saham Seri A Dwiwarna milik Negara Republik                      by the Republic of Indonesia, 1 (one) share will be                                                                               Modal ventura/
                                                                                                                                             PT Mandiri Capital Indonesia (MCI)                               Venture capital                   Jakarta          99,99            99,99              PT Mandiri Capital Indonesia (MCI)
           Indonesia akan tetap dipertahankan 1 (satu)                      retained, and the remaining will be allocated to
           saham dan sisanya akan diperhitungkan untuk                      increase the Series B common shares owned by                     *)   Sejak tanggal 26 Juni 2024 kepemilikan Bank Mandiri menjadi 20,00% dan Laporan                      *)   Since 26 June 2024, Bank Mandiri's ownership became 20.00% and the Financial
                                                                                                                                                  Keuangan PT Asuransi Jiwa Inhealth Indonesia tidak lagi dikonsolidasikan ke dalam
           menambah saham Seri B milik Negara Republik                      the Republic of Indonesia. The stock split was                        Laporan Keuangan Konsolidasian Bank Mandiri.
                                                                                                                                                                                                                                                           Statements of PT Asuransi Jiwa Inhealth Indonesia are no longer consolidated into
                                                                                                                                                                                                                                                           Consolidated Financial Statements of Bank Mandiri.
           Indonesia. Pelaksanaan stock split berlaku efektif               effective on 6 April 2023.
           pada tanggal 6 April 2023.                                                                                                        Total aset Entitas Anak tersebut pada tanggal                                                            The Subsidiaries’ total assets as of 31 December
                                                                                                                                             31 Desember 2024 dan 2023 (sebelum eliminasi)                                                            2024 and 2023 (before elimination) are as follows:
           Pembelian kembali saham Bank Mandiri                             Repurchase of Bank Mandiri shares                                masing-masing sebagai berikut:
                                                                                                                                                                                                                  Tahun
           Bank Mandiri melalui surat No. CEO/30/2020                       Bank Mandiri through letter No. CEO/30/2020                                                                                        beroperasi
           tanggal 18 Maret 2020 mengajukan permohonan                      dated 18 March 2020 submit a request for                                                                                            komersial/                Total aset (sebelum eliminasi)/
                                                                                                                                                                                                                 Year of                 Total assets (before elimination)
           persetujuan pelaksanaan pembelian kembali                        approval of repurchase of the Bank’s treasury                                                                                      commercial
           saham Bank Mandiri kepada OJK secara                             stock to FSA gradually with maximum amount                                   Nama Entitas Anak                                      operation                     2024                     2023                         Name of Subsidiaries
           bertahap      sebanyak-banyaknya       sebesar                   Rp2,000,000, and has been approved by FSA
           Rp2.000.000, dan telah disetujui oleh OJK                        through letter No. S-50/PB.31/2020 dated                         PT Bank Syariah Indonesia Tbk.                                                                                                                      PT Bank Syariah Indonesia Tbk.
                                                                                                                                               (dahulu PT Bank Syariah Mandiri)                                      1955                     408.613.432              353.624.125          (formerly PT Bank Syariah Mandiri)
           melalui surat No. S-50/PB.31/2020 tanggal                        19 March 2020. Furthermore, Bank Mandiri has                     Bank Mandiri (Europe) Limited                                           1999                       4.210.018                4.047.572                 Bank Mandiri (Europe) Limited
           19 Maret 2020. Selanjutnya, Bank Mandiri telah                   declared this information to Indonesia Stock                     PT Mandiri Sekuritas                                                    1992                       5.161.354                4.725.946                           PT Mandiri Sekuritas
                                                                                                                                             PT Bank Mandiri Taspen (dahulu                                                                                                                     PT Bank Mandiri Taspen (formerly
           menyampaikan keterbukaan informasi kepada                        Exchange (“IDX”) on 20 March 2020 regarding                        PT Bank Mandiri Taspen Pos)                                           1970                      66.232.344                60.537.057              PT Bank Mandiri Taspen Pos)
           Bursa Efek Indonesia (“BEI”) tanggal 20 Maret                    execution plan of repurchase treasury stock that                 PT Mandiri Tunas Finance                                                1989                      34.425.456                29.727.392                    PT Mandiri Tunas Finance
           2020 sehubungan dengan rencana pembelian                         had been issued and registered in IDX with                       Mandiri International Remittance                                                                                                                    Mandiri International Remittance
                                                                                                                                               Sendirian Berhad                                                      2009                          33.157                    24.393                           Sendirian Berhad
           kembali saham yang telah dikeluarkan dan                         maximum amount Rp2,000,000. Treasury stock                       PT AXA Mandiri Financial Services                                       1991                      41.914.379                41.114.472            PT AXA Mandiri Financial Services
           tercatat di BEI sebanyak-banyaknya sebesar                       repurchase will be executed gradually for 3 (three)              PT Asuransi Jiwa Inhealth Indonesia*)                                   2008                               -                 2.824.452         PT Asuransi Jiwa Inhealth Indonesia*)
                                                                                                                                             PT Mandiri Utama Finance                                                2015                      15.191.908                10.625.581                    PT Mandiri Utama Finance
           Rp2.000.000. Pembelian kembali tersebut akan                     months since 20 March 2020 until 19 June 2020.                   PT Mandiri Capital Indonesia                                            2015                       5.967.873                 5.155.131                  PT Mandiri Capital Indonesia
           dilakukan secara bertahap untuk periode 3 (tiga)
           bulan terhitung sejak tanggal 20 Maret 2020                                                                                       Total                                                                                            581.749.921              512.406.121                                                    Total
           sampai dengan tanggal 19 Juni 2020.
                                                                                                                                             *)   Sejak tanggal 26 Juni 2024, status PT Asuransi Jiwa Inhealth Indonesia berubah dari                 *)   Since 26 June 2024, PT Asuransi Jiwa Inhealth Indonesia’s status changed from
                                                                                                                                                  Entitas Anak menjadi entitas asosiasi Bank Mandiri.                                                      Subsidiary to associate entity of Bank Mandiri.




PT BANK MANDIRI (PERSERO) TBK                          1306          27                                                                                                                                                                 130728                                                          ANNUAL REPORT 2024
Page 376
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED             CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS           KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                    31 DECEMBER 2024 AND 2023          31 DESEMBER 2024 DAN 2023                                                                    31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)   (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                1.     GENERAL INFORMATION (continued)                            1.   INFORMASI UMUM (lanjutan)                                1.     GENERAL INFORMATION (continued)
     g.    Entitas Anak (lanjutan)                                   g. Subsidiaries (continued)                                     g.   Entitas Anak (lanjutan)                                    g. Subsidiaries (continued)

           PT Bank Syariah Indonesia Tbk. (dahulu                        PT Bank Syariah Indonesia Tbk. (formerly                         PT Bank Syariah Indonesia Tbk. (dahulu                         PT Bank Syariah Indonesia Tbk. (formerly
           PT Bank Syariah Mandiri)                                      PT Bank Syariah Mandiri)                                         PT Bank Syariah Mandiri) (lanjutan)                            PT Bank Syariah Mandiri) (continued)
           Pada tanggal 12 Oktober 2020, PT Bank Mandiri                 On 12 October 2020, PT Bank Mandiri (Persero)                    Pada tahun 2009, PT Bank Syariah BRI                           In 2009, PT Bank Syariah BRI changed its name to
           (Persero) Tbk. (“Bank Mandiri”), PT Bank Rakyat               Tbk. (“Bank Mandiri”), PT Bank Rakyat Indonesia                  melakukan perubahan nama menjadi PT Bank                       PT Bank BRISyariah based on PT Bank Syariah
           Indonesia (Persero) Tbk. (“BRI”), PT Bank                     (Persero) Tbk. (“BRI”), PT Bank Negara Indonesia
                                                                                                                                          BRISyariah sesuai dengan Akta Keputusan                        BRI Shareholders’ Approval Decision Statement,
           Negara Indonesia (Persero) Tbk. (“BNI”),                      (Persero) Tbk. (“BNI”), PT Bank Syariah Mandiri
           PT Bank Syariah Mandiri (“BSM”), PT Bank                      (“BSM”), PT Bank BRIsyariah Tbk. (“BRIS”), and                   Persetujuan Bersama Seluruh Pemegang Saham                     as stated in Notarial Deed No. 18 dated 14 April
           BRIsyariah Tbk. (“BRIS”), dan PT Bank BNI                     PT Bank BNI Syariah (“BNIS”) have signed a                       PT Bank Syariah BRI No. 18 tanggal 14 April                    2009 made before Fathiah Helmi, S.H., notary in
           Syariah    (“BNIS”)    telah     menandatangani               Conditional Merger Agreement (“CMA”) for the                     2009 dibuat dihadapan Fathiah Helmi, S.H.,                     Jakarta which was subsequently amended by
           Conditional Merger Agreement (“CMA”) atau                     business merger of BSM, BRIS, and BNIS (Merger                   notaris di Jakarta yang selanjutnya diubah                     PT Bank Syariah BRI Shareholders’ Approval
           Perjanjian Penggabungan Bersyarat dalam                       Participating Banks).                                            dengan Akta Keputusan Persetujuan Bersama                      Decision Statement, as stated in Notarial Deed No.
           rangka penggabungan usaha BSM, BRIS, dan                                                                                       Seluruh Pemegang Saham PT Bank Syariah BRI                     20 dated 17 September 2009 made, before
           BNIS (Bank Peserta Penggabungan).                                                                                              No. 20 tanggal 17 September 2009, dibuat di                    Fathiah Helmi, S.H., notary in Jakarta, which has
                                                                                                                                          hadapan Fathiah Helmi, S.H., notaris di                        been approved by the Minister of Law and
           Berdasarkan CMA, setelah tanggal efektif                      Based on CMA, after the effective date of the                    Jakarta, yang telah mendapat persetujuan dari                  Human Rights of the Republic of Indonesia in its
           penggabungan, BRIS akan menjadi entitas                       merger, BRIS will become the surviving legal entity
                                                                                                                                          Menteri Hukum dan Hak Asasi Manusia                            Decision Letter No. AHU-53631.AH.01.02.TH2009
           yang   menerima     penggabungan       secara                 and all shareholders of BNIS and BSM will become
           hukum atau surviving legal entity dan seluruh                 shareholders of the entity receiving the                         Republik Indonesia dalam Surat Keputusan                       dated 5 November 2009. It was announced in the
           pemegang saham BNIS dan BSM akan                              amalgamation based on the amalgamation ratio.                    No.     AHU-53631.AH.01.02.TH2009       tanggal                State Gazette of the Republic of Indonesia No. 96
           menjadi pemegang saham dari entitas yang                                                                                       5 November 2009 yang telah diumumkan dalam                     dated 1 December 2009, Supplement No. 27908
           menerima penggabungan berdasarkan rasio                                                                                        Berita Negara Republik Indonesia No. 96 tanggal                and Decision Letter from the Governor of Bank
           penggabungan.                                                                                                                  1 Desember 2009, Tambahan No. 27908 dan                        Indonesia No. 11/63/KEP.GBI/DpG/2009 dated
                                                                                                                                          Surat Keputusan Gubernur Bank Indonesia                        15 December 2009.
           Izin Penggabungan diperoleh dari OJK melalui                  The Merger Approval was obtained from the FSA                    No.      11/63/KEP.GBI/DpG/2009         tanggal
           Salinan Keputusan Dewan Komisioner OJK                        through a copy of the Decree of the FSA Board of                 15 Desember 2009.
           No. 4/KDK.03/2021 tanggal 27 Januari 2021                     Commissioners      No.   4/KDK.03/2021     dated
           tentang Pemberian Izin Penggabungan BSM dan                   27 January 2021 regarding the Granting of Permits                Pada tanggal 27 Desember 2013, PT Bank                         On 27 December 2013, PT Bank BRISyariah
           BNIS ke dalam BRIS serta Izin Perubahan Nama                  to Merge BSM and BNIS into BRIS as well as                       BRISyariah mendapatkan izin sebagai bank                       obtained    a    license   to   operate    as
           dengan Menggunakan Izin Usaha PT Bank                         Permits to Change Names by Using PT Bank                         devisa berdasarkan surat keputusan Gubernur                    foreign   exchange bank based on the Decision
           BRIsyariah Tbk Menjadi Izin Usaha Atas Nama                   BRIsyariah Tbk Business Permit to Become
                                                                                                                                          Bank Indonesia No. 15/139/KEP.GBI/DpG/2013.                    Letter of the Governor of Bank Indonesia
           PT Bank Syariah Indonesia Tbk Sebagai Bank                    Business Permit in the Name of PT Bank Syariah
           Hasil Penggabungan.                                           Indonesia Tbk as the Merged Bank.                                                                                               No. 15/139/KEP.GBI/DpG/2013.

           BRIS awalnya didirikan dengan nama PT Bank                    BRIS was initially established under the name of                 Perjanjian Antar Pemegang Saham Bank Hasil                     Agreement between Shareholders of the Merged
           Jasa Arta (“BJA”) berdasarkan Akta Pendirian                  PT Bank Jasa Arta (“BJA”) based on the Deed of                   Penggabungan tanggal 26 Januari 2021 antara                    Bank dated 26 January 2021 between PT Bank
           No. 4 tanggal 3 April 1969 yang dibuat dihadapan              Establishment No. 4 dated 3 April 1969 of Liem                   PT Bank Mandiri (Persero) Tbk (“Bank Mandiri”),                Mandiri (Persero) Tbk (“Bank Mandiri”), PT Bank
           Liem Toeng Kie, S.H., notaris di Jakarta. Akta                Toeng Kie, S.H., notary in Jakarta. The deed has                 PT Bank Negara Indonesia (Persero) Tbk (“BNI”),                Negara Indonesia (Persero) Tbk (“BNI”), and
           pendirian ini disahkan oleh Menteri Kehakiman                 been approved by the Minister of Law of Republic                 dan PT Bank Rakyat Indonesia (Persero) Tbk                     PT Bank Rakyat Indonesia (Persero) Tbk (“BRI”)
           Republik Indonesia dalam Surat Keputusan                      of Indonesia in its Decision Letter No. J.A.5/70/4               (“BRI”) menyetujui bahwa Bank Mandiri                          agreed that Bank Mandiri is a party who exercises
           No. J.A.5/70/4 tanggal 28 Mei 1970 dan telah                  dated 28 May 1970 and has been published in the                  merupakan pihak yang melakukan Pengendalian                    control over the Merged Bank.
           diumumkan dalam Berita Negara Republik                        State Gazette of Republic of Indonesia No. 43                    atas Bank Hasil Penggabungan.
           Indonesia No. 43 tanggal 28 Mei 1971,                         dated 28 May 1971, Supplement No. 242/1971.
           Tambahan No. 242/1971.                                                                                                         Selanjutnya keputusan RUPS-LB BRIS terkait                     Subsequently, the decision of the BRIS’ EGMS
                                                                                                                                          penggabungan BSM dan BNIS kedalam BRIS                         regarding the merger of BSM and BNIS into BRIS
           BJA memperoleh izin usaha untuk beroperasi                    BJA obtained its business license to operate as a
                                                                                                                                          dinyatakan kembali dalam Akta Pernyataan                       was restated in the Deed of Statement of Meeting
           sebagai bank umum dari Menteri Keuangan                       commercial bank from Minister of Finance of the
                                                                                                                                          Keputusan Rapat PT Bank BRIsyariah Tbk                         Resolutions of PT Bank BRIsyariah Tbk. No. 37
           Republik Indonesia No. D.15.1-4-40 tanggal                    Republic of Indonesia No. D.15.1-4-40 dated
           3 Juli 1969. Sejak tanggal 16 Oktober 2008, BJA               3 July 1969. Since 16 October 2008, BJA has                      No. 37 tanggal 14 Januari 2021 yang dibuat di                  dated 14 January 2021 made before notary Jose
           telah memperoleh izin perubahan kegiatan usaha                obtained license from Bank Indonesia to change its               hadapan notaris Jose Dima Satria S.H., M.Kn.,                  Dima Satria S.H., M.Kn., notary in Jakarta. This
           bank, dari bank konvensional menjadi bank                     business activities, from a conventional bank into a             notaris di Jakarta. Perubahan ini telah diterima               amendment was accepted and recorded by the
           umum yang melaksanakan kegiatan usaha                         commercial bank based on sharia principles. The                  dan dicatat oleh Menteri Hukum dan Hak Asasi                   Minister of Law and Human Rights of the Republic
           berdasarkan prinsip syariah dari Bank Indonesia.              changes in name and business activity based on                   Manusia Republik Indonesia dalam surat                         of Indonesia in its Decision Letter No. AHU-
           Perubahan       nama      dan  kegiatan   usaha               sharia principles from BJA to PT Bank Syariah BRI                keputusan No. AHU-AH.01.10-0011384 tanggal                     AH.01.10-0011384 dated 28 January 2021 which
           berdasarkan prinsip syariah dari BJA menjadi                  was based on BJA Shareholders’ Approval                          28 Januari 2021 yang berlaku efektif 1 Februari                was effective on 1 February 2021.
           PT Bank Syariah BRI didasarkan pada                           Decision Statement, as stated in the Deed No. 45                 2021.
           Pernyataan Keputusan Persetujuan Bersama                      dated 22 April 2008 made before Fathiah Helmi,
           Seluruh Pemegang Saham Perseroan Terbatas                     S.H., notary in Jakarta.
           BJA, sesuai dengan Akta No. 45 tanggal 22 April
           2008 yang dibuat di hadapan Fathiah Helmi,
           S.H., notaris di Jakarta.


PT BANK MANDIRI (PERSERO) TBK                        1308          29                                                                                                                        130930                                    ANNUAL REPORT 2024
Page 377
          FINANCIAL STATEMENTS 2024


                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                                   PT BANK MANDIRI (PERSERO) Tbk.
                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                         DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED             CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                        FINANCIAL STATEMENTS           KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                        31 DECEMBER 2024 AND 2023          31 DESEMBER 2024 DAN 2023                                                                    31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)   (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                    1.     GENERAL INFORMATION (continued)                            1.   INFORMASI UMUM (lanjutan)                                1.     GENERAL INFORMATION (continued)

     g.    Entitas Anak (lanjutan)                                       g. Subsidiaries (continued)                                     g.   Entitas Anak (lanjutan)                                    g. Subsidiaries (continued)

           PT Bank Syariah Indonesia Tbk. (dahulu                            PT Bank Syariah Indonesia Tbk. (formerly                         PT Bank Syariah Indonesia Tbk. (dahulu                         PT Bank Syariah Indonesia Tbk. (formerly
           PT Bank Syariah Mandiri) (lanjutan)                               PT Bank Syariah Mandiri) (continued)                             PT Bank Syariah Mandiri) (lanjutan)                            PT Bank Syariah Mandiri) (continued)

           Transaksi pembentukan PT Bank Syariah                             The transaction for the establishment of PT Bank                 Selanjutnya perubahan Anggaran Dasar PT Bank                   Furthermore, changes to the PT Bank Syariah
                                                                                                                                              Syariah Indonesia Tbk melalui Akta Pernyataan                  Indonesia Tbk Articles of Association through the
           Indonesia Tbk tersebut merupakan kombinasi                        Syariah Indonesia Tbk is a business combination                  Perubahan Anggaran Dasar PT Bank Syariah                       Deed of Statement of Amendment to the Articles of
           bisnis entitas sepengendali dimana pemegang                       of entities under common control where the                       Indonesia Tbk No. 146 tanggal 24 Juni 2022                     Association of PT Bank Syariah Indonesia Tbk. No.
           saham pengendali (ultimate shareholder) dari                      controlling shareholder (ultimate shareholder) of                yang dibuat dihadapan Jose Dima Satria S.H.,                   146 dated 24 June 2022 made before Jose Dima
           Bank Mandiri, BNI dan BRI adalah Pemerintah                       Bank Mandiri, BNI and BRI is the Government of                   M.Kn., notaris di Jakarta mengenai penambahan                  Satria, S.H., M.Kn., notary in Jakarta, regarding the
           Republik Indonesia. Oleh karena itu, transaksi                    the Republic of Indonesia. Therefore, transactions               klasifikasi saham Entitas Anak sehingga                        addition of the classification of the Subsidiary’s
           diperlakukan berdasarkan metode penyatuan                         are treated based on the pooling of interest method              mengakibatkan         Perubahan      Komposisi                 shares resulting in a Change in the Composition of
           kepemilikan    sesuai    Pernyataan     Standar                   in accordance with Statement of Financial                        Kepemilikan Entitas Anak dan Perubahan                         Subsidiary’s Ownership and a Change in Control
                                                                                                                                              Pengendalian dari Negara Republik Indonesia                    from the Republic of Indonesia which was originally
           Akuntansi Keuangan (“PSAK”) No. 338 (Revisi                       Accounting Standards (“SFAS”) No. 338 (Revised                   yang semula Pemegang Saham Pengendali                          Ultimate Controlling Shareholders (PSPT) to
           2012), “Kombinasi Bisnis Entitas Sepengendali”.                   2012), “Business Combination of Entities Under                   Terakhir (PSPT) menjadi Pemegang Saham                         Controlling Shareholders (PSP) and has been
                                                                             Common Control”.                                                 Pengendali (PSP) dan telah diterima dan dicatat                accepted and recorded by the Minister of Law and
                                                                                                                                              oleh Menteri Hukum dan Hak Asasi Manusia                       Human Rights of the Republic of Indonesia in its
           Perbedaan antara jumlah imbalan yang                              The difference between the amount of                             Republik Indonesia dalam Surat Keputusan                       Decision Letter No. AHU-AH.01.03-0269107 dated
           dialihkan dan jumlah tercatat investasi yang                      consideration transferred and the carrying amount                No. AHU-AH.01.03-0269107 tanggal 22 Juli 2022                  22 July 2022 regarding Acceptance of Notification
           diperoleh dari transaksi ini diakui sebagai “Selisih              of the investment obtained from this transaction is              perihal Penerimaan Pemberitahuan Perubahan                     of Amendments to the Articles of Association of
           Nilai Transaksi Kombinasi Bisnis Entitas                          recognised as “Difference in Value from Business                 Anggaran Dasar PT Bank Syariah Indonesia Tbk.                  PT Bank Syariah Indonesia Tbk.
           Sepengendali” dan disajikan sebagai bagian                        Combination Transactions of Entities Under
                                                                                                                                              Selanjutnya perubahan Anggaran Dasar Entitas                   Furthermore, the latest changes to the Subsidiary’s
           "Tambahan Modal Disetor" di bagian ekuitas                        Common Control” and presented as “Additional                     Anak     terakhir  melalui  Akta     Pernyataan                Articles of Association through the Deed of
           pada laporan posisi keuangan konsolidasian.                       Paid-in Capital” in the equity section in the                    Keputusan Rapat Dewan Komisaris PT Bank                        Statement of Resolutions of the Board of
           Ekuitas dari PT BRIsyariah Tbk. dan PT Bank                       consolidated statement of financial position. Prior              Syariah Indonesia Tbk No. 191 tanggal                          Commissioners Meeting of PT Bank Syariah
           BNI Syariah sebelum tanggal penggabungan                          to the date of the merger, the equity of                         29 Desember 2022 dibuat dihadapan Muhammad                     Indonesia Tbk No. 191 dated 29 December 2022
           disajikan sebagai “ekuitas merging entities” pada                 PT BRIsyariah Tbk. and PT Bank BNI Syariah is                    Muazzir, S.H., M.Kn., sebagai pengganti dari                   made before Muhammad Muazzir, S.H., M.Kn., as
           bagian ekuitas. Rincian jumlah imbalan yang                       presented as “merging entities equity” in the equity             Jose Dima Satria S.H., M.Kn., notaris di Jakarta               a replacement for Jose Dima Satria S.H., M.Kn.,
           dialihkan dan jumlah tercatat yang diperoleh                      section. Details of the amount of consideration                  mengenai       modal ditempatkan dan disetor                   notary in Jakarta regarding the issued and paid-up
           adalah sebagai berikut:                                           transferred and the carrying amount received are                 PT Bank Syariah Indonesia Tbk melalui                          capital of PT Bank Syariah Indonesia Tbk through
                                                                                                                                              mekanisme       Penambahan     Modal     dengan                the Capital Increase mechanism by Providing Pre-
                                                                             as follows:                                                      Memberikan Hak Memesan Efek Terlebih Dahulu                    emptive Rights I ("PMHMETD I"), which is
                                                                                                                                              I ("PMHMETD I"), yaitu modal ditempatkan dan                   PT Bank Syariah Indonesia Tbk 's issued and paid-
                                                  Jumlah            Jumlah
                                                                                                                                              disetor PT Bank Syariah Indonesia Tbk menjadi                  up capital become 46,129,260,138 (forty six billion
                                               imbalan yang          tercatat
                                                                                                                                              sebanyak 46.129.260.138 (empat puluh enam                      one hundred and twenty nine million two hundred
                                                 dialihkan/        investasi/        Tambahan
                                                                                                                                              miliar seratus dua puluh sembilan juta dua ratus               sixty thousand one hundred thirty eight) shares
                                                    The           Investment        modal disetor/
                                                                                                                                              enam puluh ribu seratus tiga puluh delapan)                    with a total nominal value of Rp23,064,630 and
                                               consideration        carrying          Additional                                              lembar saham dengan nilai nominal seluruhnya                   have been received and recorded by the Minister
                                                transferred         Amount          paid-in capital                                           sebesar Rp23.064.630 dan telah diterima dan                    of Law and Human Rights of the Republic of
                                                                                                                                              dicatat oleh Menteri Hukum dan Hak Asasi                       Indonesia in its Decision Letter No. AHU-AH.01.03-
           PT Bank Syariah Indonesia Tbk.           10.905.424         11.232.496          327.072 PT Bank Syariah Indonesia Tbk.             Manusia Republik Indonesia dalam Surat                         0497431 dated 29 December 2022 regarding
                                                                                                                                              Keputusan No. AHU-AH.01.03-0497431 tanggal                     Acceptance of Notification of Amendments to the
           Selanjutnya keputusan RUPS-LB BRIS antara                         Furthermore, the decisions of the BRIS' EGMS,                    29 Desember 2022 perihal Penerimaan                            Articles of Association of PT Bank Syariah
           lain terkait Perubahan Anggaran Dasar BRIS                        among others related to the Amendment to the                     Pemberitahuan Perubahan Anggaran Dasar                         Indonesia Tbk (“BSI”).
           dinyatakan kembali dalam Akta Pernyataan                          BRIS Articles of Association, were restated in the               PT Bank Syariah Indonesia Tbk (“BSI”).
           Keputusan Rapat Perubahan Anggaran Dasar                          Deed of Statement of Meeting Resolutions on the
                                                                                                                                              Selanjutnya perubahan Anggaran Dasar BSI                       The latest amendment to BSI's Articles of
           Perubahan Nama PT Bank BRIsyariah Tbk.                            Amendment of the Articles of Association for the                 terakhir melalui Akta Pernyataan Keputusan                     Association was made through the Deed of
           No. 38 tanggal 14 Januari 2021 yang dibuat                        Change of Name of PT Bank BRIsyariah Tbk.                        Rapat Umum Pemegang Saham Tahunan                              Decision of the Annual General Meeting of
           dihadapan Jose Dima Satria S.H., M.Kn., notaris                   No. 38 dated 14 January 2021 made before Jose                    PT Bank Syariah Indonesia Tbk No. 37 tanggal                   Shareholders PT Bank Syariah Indonesia Tbk
           di Jakarta yang antara lain perubahan nama                        Dima Satria S.H., M.Kn., notary in Jakarta, which,               17 Juni 2024 yang dibuat dihadapan Ashoya                      No. 37 dated 17 June 2024, which made before
           menjadi PT Bank Syariah Indonesia Tbk. dan                        among others, changed its name to PT Bank                        Ratam S.H., M.Kn., notaris di Jakarta mengenai                 Ashoya Ratam S.H., M.Kn., a notary in Jakarta,
           perubahan ini telah mendapat persetujuan                          Syariah Indonesia Tbk. and this change was                       penyesuaian Anggaran Dasar BSI dengan                          regarding the adjustment of BSI's Articles of
           Menteri Hukum dan Hak Asasi Manusia Republik                      approved by the Minister of Law and Human                        ketentuan-ketentuan baru yang terkait dengan                   Association with new provisions related to BSI as a
                                                                                                                                              BSI sebagai Bank Umum Syariah dan telah                        Sharia Commercial Bank. BSI had received
           Indonesia dalam Surat Keputusan No. AHU-                          Rights of the Republic of Indonesia in its Decision              mendapatkan persetujuan dari Menteri Hukum                     approval from the Minister of Law and Human
           0006268.AH.01.02 tahun 2021, dan telah                            Letter No. AHU-0006268.AH.01.02 year 2021, and                   dan Hak Asasi Manusia Republik Indonesia                       Rights of the Republic of Indonesia in its Decision
           diterima dan dicatatkan Menteri Hukum dan Hak                     has been received and recorded by the Minister of                dalam     Surat     Keputusan      No.     AHU-                Letter No. AHU-0035266.AH.01.02.Year 2024
           Asasi Manusia Republik Indonesia dalam Surat                      Law and Human Rights of the Republic of                          0035266.AH.01.02.Tahun 2024 tanggal 13 Juni                    dated 13 June 2024, and was received and
           Keputusan No. AHU-AH.01.03.0061498 dan                            Indonesia      in     its     Decision       Letter              2024 dan telah diterima dan dicatat oleh Menteri               recorded by the Minister of Law and Human Rights
           No. AHU–AH.01.03.0061501 yang seluruhnya                          No. AHU-AH.01.03.0061498 and No. AHU-                            Hukum dan Hak Asasi Manusia Republik                           of the Republic of Indonesia in its Decision Letter
           ditetapkan tanggal 1 Februari 2021.                               AH.01.03.0061501 which are all set on                            Indonesia dalam Surat Keputusan No. AHU-                       No. AHU-AH.01.03-0145286 dated 13 June 2024,
                                                                                                                                              AH.01.03-0145286 tanggal 13 Juni 2024 perihal                  regarding the Receipt of Notification of
                                                                             1 February 2021.                                                 Penerimaan       Pemberitahuan        Perubahan                Amendments to the Articles of Association of
                                                                                                                                              Anggaran Dasar PT Bank Syariah Indonesia Tbk.                  PT Bank Syariah Indonesia Tbk.




PT BANK MANDIRI (PERSERO) TBK                            1310          31                                                                                                                        131132                                     ANNUAL REPORT 2024
Page 378
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                  PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                        DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED              CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS            KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                    31 DECEMBER 2024 AND 2023           31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)    (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                1.     GENERAL INFORMATION (continued)                             1.   INFORMASI UMUM (lanjutan)                                  1.     GENERAL INFORMATION (continued)

     g.    Entitas Anak (lanjutan)                                   g. Subsidiaries (continued)                                      g.   Entitas Anak (lanjutan)                                      g. Subsidiaries (continued)

           PT Bank Syariah Indonesia Tbk. (dahulu                        PT Bank Syariah Indonesia Tbk. (formerly                          PT Mandiri Sekuritas (lanjutan)                                  PT Mandiri Sekuritas (continued)
           PT Bank Syariah Mandiri) (lanjutan)                           PT Bank Syariah Mandiri) (continued)
           Kantor Pusat PT Bank Syariah Indonesia Tbk.                   The Head Office of PT Bank Syariah Indonesia                      Pada tanggal 28 Desember 2012, Bank Mandiri                      On 28 December 2012, Bank Mandiri increased its
           beralamat di Gedung The Tower Jalan Jenderal                  Tbk. is located at The Tower Building, Jalan                      melakukan penambahan penyertaan modal                            capital investment in form of cash at Mandiri
           Gatot Subroto No. 27, Kel. Karet Semanggi, Kec.               Jenderal Gatot Subroto No. 27, Karet Semanggi                     dalam bentuk tunai pada Mandiri Sekuritas,                       Sekuritas, amounted to Rp29,512. Bank Mandiri
           Setiabudi, Jakarta Selatan 12930.                             Sub-district, Setiabudi District, South Jakarta                   sebesar      Rp29.512.      Bank    Mandiri  telah               obtained approval from Bank Indonesia through its
                                                                         12930.                                                            memperoleh persetujuan dari Bank Indonesia                       letter dated 31 October 2012 and the circular
           Bank Mandiri (Europe) Limited                                 Bank Mandiri (Europe) Limited                                     melalui surat tertanggal 31 Oktober 2012 dan                     resolution of shareholders dated 27 December
                                                                                                                                           Keputusan Pemegang Saham Di Luar Rapat                           2012 for the capital investment increment. After the
           Bank Mandiri (Europe) Limited (“BMEL”) didirikan              Bank Mandiri (Europe) Limited (“BMEL”) was                        (circular resolution) tertanggal 27 Desember 2012                execution of the additional capital investment, the
           dan berkedudukan di London, Inggris pada                      established and domiciled in London, United                       atas       penambahan        penyertaan     modal                Bank's ownership at Mandiri Sekuritas increased
           tanggal 22 Juni 1999 berdasarkan “The                         Kingdom on 22 June 1999 based on “The                             tersebut. Setelah dilaksanakannya penambahan                     from 95.69% to 99.99% of the total shares issued
           Companies Act 1985 of the United Kingdom”.                    Companies Act 1985 of the United Kingdom”.                        penyertaan modal tersebut, porsi kepemilikan                     by Mandiri Sekuritas. Mandiri Sekuritas is
           BMEL didirikan melalui konversi dari Bank Exim                BMEL was established through the conversion of
           cabang London menjadi Entitas Anak yang                       the London branch of Bank Exim into a wholly                      Bank Mandiri pada Mandiri Sekuritas meningkat                    domiciled at Menara Mandiri 1, Jalan Jenderal
           dimiliki penuh oleh Bank Mandiri dan efektif                  owned Subsidiary of Bank Mandiri and has been                     dari 95,69% menjadi 99,99% dari total seluruh                    Sudirman Kav. 54-55, Jakarta.
           beroperasi sejak 31 Juli 1999. Sebagai Entitas                operating effectively since 31 July 1999. As a                    saham yang telah dikeluarkan Mandiri Sekuritas.
           Anak yang memiliki lisensi Bank Komersial di                  Subsidiary that has a Commercial Bank license in                  Mandiri Sekuritas berdomisili di Menara Mandiri
           United Kingdom, BMEL disupervisi oleh                         the United Kingdom, BMEL is supervised by the                     1, Jalan Jenderal Sudirman Kav. 54-55, Jakarta.
           Prudential Regulation Authority (“PRA”) dan                   Prudential Regulation Authority (“PRA”) and The
           Financial Conduct Authority (“FCA”) dibawah                   Financial Conduct Authority (“FCA”), which are
           naungan Bank of England serta HM Treasury of                  under the supervision of the Bank of England and                  PT Bank Mandiri Taspen                                           PT Bank Mandiri Taspen
           the United Kingdom.                                           HM Treasury of the United Kingdom.
                                                                                                                                           PT Bank Sinar Harapan Bali (“BSHB”) didirikan                    PT Bank Sinar Harapan Bali ("BSHB") was
           PT Mandiri Sekuritas                                          PT Mandiri Sekuritas                                              sebagai     Bank     Pasar   pada      tanggal                   established as the Micro Banking on 23 February
                                                                                                                                           23 Februari 1970 dengan nama MAI Bank Pasar                      1970 under the name MAI Bank Pasar Sinar
           PT Mandiri Sekuritas (”Mandiri Sekuritas”),                   PT Mandiri Sekuritas ("Mandiri Sekuritas"),
           dahulu bernama PT Merincorp Securities                        formerly known as PT Merincorp Securities                         Sinar Harapan Bali, kemudian pada tanggal                        Harapan Bali, then on 3 November 1992 BSHB
           Indonesia (“MSI”), didirikan berdasarkan Akta                 Indonesia ("MSI"), incorporated under Deed No. 1                  3 November 1992 bank ini mengalami perubahan                     transformed into Limited Liability Company based
           No. 1 tanggal 2 Desember 1991 yang dibuat di                  dated 2 December 1991 made before notary                          bentuk badan hukum menjadi Perseroan                             on Deed No. 4 made before notary Ida Bagus Alit
           hadapan notaris Sutjipto, S.H. Mandiri Sekuritas              Sutjipto, S.H. Mandiri Sekuritas is the result of the             Terbatas berdasarkan Akta No. 4 yang dibuat                      Sudiatmika, S.H., notary in Denpasar and obtained
           merupakan hasil penggabungan usaha PT Bumi                    merger of PT Bumi Daya Sekuritas ("BDS"),                         dihadapan Ida Bagus Alit Sudiatmika, S.H.,                       a business license as a Commercial Bank under
           Daya Sekuritas (“BDS”), PT Exim Sekuritas                     PT Exim Sekuritas ("ES") and PT Merincorp                         notaris di Denpasar dan memperoleh izin usaha                    the decree letter of the Minister of Finance of the
           (“ES”) dan PT Merincorp Securities Indonesia                  Securities     Indonesia    ("MSI")    which     was
           (“MSI”)     yang     ditempuh   dengan      cara              accomplished by merging BDS and ES into MSI.                      sebagai Bank Umum berdasarkan surat                              Republic of Indonesia No. 77/KMK.017/1994 dated
           meleburkan BDS dan ES ke dalam MSI. MSI                       MSI obtained a license as a securities portfolio                  keputusan Menteri Keuangan Republik Indonesia                    10 March 1994.
           memperoleh izin usaha sebagai perantara                       broker and underwriter of the securities portfolio                No. 77/KMK.017/1994 tanggal 10 Maret 1994.
           perdagangan portofolio efek dan penjamin                      from the Chairman of the Capital Market and
           emisi     portofolio efek dari Ketua Badan                    Financial     Institutions   Supervisory     Agency               Pada tanggal 3 Mei 2008 dilangsungkan                            On 3 May 2008, shareholders of BSHB and Bank
           Pengawas       Pasar     Modal  dan    Lembaga                ("Bapepam and LK") by its decree letter
           Keuangan (“Bapepam dan LK”) berdasarkan                       No. KEP-12/PM/1992 and No. KEP-13/PM/1992                         penandatanganan       Akta    Akuisisi  antara                   Mandiri signed the acquisition deed as stated in
           Surat Keputusan No. KEP-12/PM/1992 dan                        and started its operational activities on                         pemegang saham BSHB dan Bank Mandiri,                            the Acquisition Deed No. 4 dated 3 May 2008
           No. KEP-13/PM/1992 dan memulai kegiatan                       23 January 1992. The merger was based on the                      sebagaimana tertuang dalam Akta Akuisisi No. 4                   made before notary I Wayan Sugitha, S.H., notary
           operasionalnya pada tanggal 23 Januari 1992.                  Deed No. 116 dated 31 July 2000 made before                       tanggal 3 Mei 2008 dibuat oleh I Wayan Sugitha,                  in Denpasar. The signing of the Acquisition deed is
           Penggabungan usaha tersebut berdasarkan Akta                  notary Ny. Vita Buena, S.H., which was approved                   S.H., Notaris di Denpasar. Penandatanganan                       the beginning of Bank Mandiri's ownership of
           No. 116 tanggal 31 Juli 2000 yang dibuat di                   by the Minister of Law and Legislation of the                     Akta Akuisisi ini menandai awal kepemilikan                      80.00% BSHB shares, wherein the management of
           hadapan notaris Ny. Vita Buena, S.H., yang telah              Republic of Indonesia on 25 August 2000 by
           disetujui oleh Menteri Hukum dan Perundang-                   Decree No. C-18762.HT.01.04-TH.2000 and                           Bank Mandiri atas 80,00% saham BSHB, dimana                      BSHB will be carried out separately from Bank
           undangan Republik Indonesia pada tanggal 25                   business permits obtained previously by MSI can                   selanjutnya pengelolaan BSHB akan dilakukan                      Mandiri as a stand-alone bank with the main focus
           Agustus 2000 berdasarkan Surat Keputusan                      still be used by PT Mandiri Sekuritas.                            secara terpisah dari Bank Mandiri sebagai bank                   on developing Micro and Small Businesses.
           No. C-18762.HT.01.04-TH.2000 dan izin usaha                                                                                     yang tetap berdiri sendiri (stand-alone bank)
           yang diperoleh MSI sebelumnya masih bisa tetap                                                                                  dengan fokus utama pada pengembangan bisnis
           digunakan oleh PT Mandiri Sekuritas.                                                                                            Mikro dan Usaha Kecil.
           PT Mandiri Sekuritas memiliki 99,93% dari total               PT Mandiri Sekuritas owns 99.93% of total shares
           saham PT Mandiri Manajemen Investasi, Entitas                 of PT Mandiri Manajemen Investasi, a Subsidiary                   Pada tanggal 24 Juli 2015, OJK telah menyetujui                  On 24 July 2015, the FSA has approved the name
           Anak yang didirikan tanggal 26 Oktober 2004 dan               that was established on 26 October 2004 and                       perubahan nama PT Bank Sinar Harapan Bali                        changes of PT Bank Sinar Harapan Bali to
           bergerak di bidang manajemen dan penasihat                    engaged in investment management and advisory.                    menjadi PT Bank Mandiri Taspen Pos dan                           PT Bank Mandiri Taspen Pos and given
           investasi. Mandiri Sekuritas juga memiliki 100%               Mandiri Sekuritas also owns 100% of the total                     memberikan izin untuk melakukan kegiatan                         permission to conduct business under the name of
           dari total saham Mandiri Securities Pte. Ltd.,                shares of Mandiri Securities Pte. Ltd., a company
           perusahaan yang memperoleh lisensi layanan                    which obtained a capital market service license for               usaha dengan nama Bank Mantap. Perubahan                         Bank Mantap. Name and logo changes approved
           pasar modal untuk jenis usaha “Dealing in                     the business type "Dealing in Securities and                      nama disertai pula izin perubahan logo dari OJK                  by FSA on 31 July 2015 and announced to public
           Securities and Advising Corporate Finance and                 Advising Corporate Finance and Monetary                           pada tanggal 31 Juli 2015. Perubahan nama dan                    on 7 August 2015.
           Monetary Authority of Singapore” berdasarkan                  Authority of Singapore" based on license No.                      logo tersebut telah diumumkan kepada publik
           lisensi No. CMS100566-1 tanggal 10 November                   CMS100566-1 dated 10 November 2016.                               pada tanggal 7 Agustus 2015.
           2016.




PT BANK MANDIRI (PERSERO) TBK                        1312          33                                                                                                                           131334                                    ANNUAL REPORT 2024
Page 379
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                  PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                        DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED              CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS            KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                     31 DECEMBER 2024 AND 2023           31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)    (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                 1.     GENERAL INFORMATION (continued)                             1.   INFORMASI UMUM (lanjutan)                                  1.     GENERAL INFORMATION (continued)
     g.    Entitas Anak (lanjutan)                                    g. Subsidiaries (continued)                                      g.   Entitas Anak (lanjutan)                                      g. Subsidiaries (continued)

           PT Bank Mandiri Taspen (lanjutan)                              PT Bank Mandiri Taspen (continued)                                PT Bank Mandiri Taspen (lanjutan)                                PT Bank Mandiri Taspen (continued)
                                                                                                                                            Sebelum tanggal 1 Januari 2011, goodwill yang                    Prior to 1 January 2011, goodwill arising from the
           Pada tanggal 9 Oktober 2017, Bank Mandiri                      On 9 October 2017, Bank Mandiri Taspen Pos                        timbul dari akuisisi PT Bank Mandiri Taspen                      acquisition of PT Bank Mandiri Taspen amounted
           Taspen Pos mengadakan RUPS-LB yang                             held an Extraordinary General Meeting of                          sebesar     Rp19.219      diamortisasi  dengan                   to Rp19,219 was amortised using the straight-line
           menyetujui perubahan komposisi pemegang                        Shareholders which approved the changes in the                    menggunakan metode garis lurus selama 5 (lima)                   method over 5 (five) years with the consideration of
           saham dan perubahan nama dari semula                           composition of shareholders and the changes of                    tahun dengan pertimbangan atas estimasi                          estimation of economic benefits of the goodwill.
           bernama PT Bank Mandiri Taspen Pos menjadi                     name from PT Bank Mandiri Taspen Pos to                           manfaat ekonomis atas goodwill tersebut. Efektif                 Effective on 1 January 2011, in accordance with
           PT Bank Mandiri Taspen (“Bank Mantap”).                        PT Bank Mandiri Taspen (“Bank Mantap”).                           tanggal 1 Januari 2011, sesuai PSAK 22 (Revisi                   SFAS No. 22 (Revised 2009), "Business
                                                                                                                                            2009), “Kombinasi Bisnis”, goodwill tidak                        Combinations", goodwill is not amortised but is
           Untuk menguatkan ekspansi usaha dan menjadi                    To expand the business and become National                        diamortisasi tapi diuji penurunan nilai setiap                   tested for impairment on annual basis. The Bank
           Bank Nasional yang memiliki jaringan usaha di                  Bank that have branches in all over Indonesia,                    tahunnya. Bank secara berkala melakukan                          periodically evaluates the impairment of goodwill in
           seluruh pelosok Indonesia, berdasarkan Akta                    based on Deed of General Meeting of                               evaluasi terhadap penurunan nilai goodwill                       accordance with SFAS No. 48, "Impairment of
           Keputusan Rapat Umum Pemegang Saham                            Shareholders Decision No. 53 dated 31 October                     tersebut sesuai PSAK 48 “Penurunan Nilai                         Assets" (see Note 2r). The balance of goodwill on
           No. 53 tanggal 31 Oktober 2016 dari notaris I                  2016 made before notary I Gusti Ngurah Putra                      Aset” (Catatan 2r). Saldo goodwill pada tanggal                  31 December 2024 and 2023 amounted to
           Gusti Ngurah Putra Wijaya, S.H., notaris di                    Wijaya, S.H., notary in Denpasar as affirmed by                   31 Desember 2024 dan 2023 adalah sebesar                         Rp21,043. The Head Office of Bank Mantap is
           Denpasar, yang mana kemudian ditegaskan                        Meeting Affirmation Decision No. 7 dated 5 March                  Rp21.043. Kantor Pusat Bank Mantap beralamat                     located at Graha Mantap, Jalan Proklamasi No. 31,
           dengan Penegasan Keputusan Rapat No. 7                         2019 regarding Transfer of Bank’s Head Office                     di Graha Mantap, Jalan Proklamasi No. 31,                        Menteng, Central Jakarta.
           tanggal 5 Maret 2019 mengenai Pemindahan                       Location. The Deed has been submitted to Ministry                 Menteng, Jakarta Pusat.
           Kedudukan Kantor Pusat Bank. Akta perubahan                    of Law and Human Right of Republic of Indonesia
           tersebut telah dilaporkan kepada Menteri Hukum                 as stated on notification acceptance letter of the                PT Mandiri Tunas Finance                                         PT Mandiri Tunas Finance
           dan Hak Asasi Manusia Republik Indonesia                       change of the Company’s Information dated                         PT Mandiri Tunas Finance (“MTF”), dahulu                          PT Mandiri Tunas Finance (“MTF”), formerly
           sebagaimana surat penerimaan pemberitahuan                     11 March 2019 No. AHU-AH.01.03.-138220 and                        PT Tunas Financindo Sarana (“TFS”) adalah                         PT Tunas Financindo Sarana (“TFS”) is a
           perubahan data Perseroan tertanggal 11 Maret                   registered on the Company register No. AHU-                       perusahaan yang bergerak dalam kegiatan                           company that engaged in consumer financing
           2019 No. AHU-AH.01.03-138220 dan telah                         0039461.AH.01.11 Year 2019 dated 11 March                         pembiayaan       konsumen.     TFS       didirikan                activities. TFS was established based on Notarial
           didaftarkan pada daftar Perseroan No. AHU-                     2019. The Change of Bank’s Article of Association                 berdasarkan Akta Notaris Misahardi Wilamarta,                     Deed of Misahardi Wilamarta, S.H., No. 262 dated
           0039461. AH.01.11 Tahun 2019 tanggal 11 Maret                  has also been approved based on the Decree of                     S.H., No. 262 tanggal 17 Mei 1989 dan disahkan                    17 May 1989 and approved by the Ministry of
           2019. Perubahan Anggaran Dasar tersebut juga                   Ministry of Law and Human Right of Republic                       oleh Menteri Kehakiman dalam Surat Keputusan                      Justice through its Decision Letter No. C2-
           telah disetujui berdasarkan Keputusan Menteri                  Indonesia No. AHU-0012925.AH.01.02 Year 2019                      No. C2-4868.HT.01.01.TH.89 tanggal 1 Juni 1989                    4868.HT.01.01.TH.89 dated 1 June 1989 and
           Hukum dan Hak Asasi Manusia Republik                           regarding Approval of Amendments to the Article of                serta diumumkan dalam Lembaran Berita Negara                      published in State Gazette No. 57, Supplement
           Indonesia No. AHU-0012925.AH.01.02 Tahun                       Association of PT Bank Mandiri Taspen and has                     No.    57,   Tambahan     No.   1369       tanggal                No. 1369 dated 18 July 1989. TFS commenced its
           2019 tentang Persetujuan Perubahan Anggaran                    received approval from FSA No. S-5/PB.1/2019                      18 Juli 1989. Kegiatan komersial TFS dimulai                      commercial activities in 1989. TFS obtained a
           Dasar Perseroan Terbatas PT Bank Mandiri                       dated 28 January 2019 regarding Separation and                    tahun 1989. TFS memperoleh izin usaha sebagai                     business license to operate as leasing, factoring
           Taspen serta telah mendapat persetujuan dari                   Transfer of Head Office Location Plan, Bank                       perusahaan pembiayaan dalam bidang sewa                           and consumer financing company from Minister of
           Otoritas Jasa Keuangan No. S-5/PB.1/2019                       Mantap transfered their Head Office from                          menyewa biasa, anjak piutang dan pembiayaan                       Finance      based   on    its  Decision   Letter
           tanggal 28 Januari 2019 tentang Rencana                        Denpasar-Bali to Central Jakarta. The head office                 konsumen dari Menteri Keuangan berdasarkan                        No. 1021/KMK.13/1989 dated 7 September 1989,
           Pemisahan dan Pemindahan Alamat Kantor                         relocation was then carried out effectively on                    Surat Keputusan No. 1021/KMK.13/1989 tanggal                      No. 54/KMK.013/1992 dated 15 January 1992 and
           Pusat (“KP”), Bank Mantap memindahkan Kantor                   11 March 2019.                                                    7 September 1989, No. 54/KMK.013/1992 tanggal                     No. 19/KMK.017/2001 dated 19 January 2001.
           Pusatnya yang semula berkedudukan dan                                                                                            15 Januari 1992 dan No. 19/KMK.017/2001                           Based on Notarial Deed of Dr. A. Partomuan
           berkantor pusat di Denpasar-Bali menjadi                                                                                         tanggal 19 Januari 2001. Sesuai dengan Akta                       Pohan, S.H., LLM, dated 6 February 2009,
           berkedudukan dan berkantor pusat di Jakarta                                                                                      Notaris Dr. A. Partomuan Pohan, S.H., LLM pada                    entered into and signed a sales and purchase
           Pusat. Perpindahan kantor pusat tersebut                                                                                         tanggal      6 Februari    2009,        dilakukan                 agreement with TFS’s shareholders (PT Tunas
           kemudian dilaksanakan secara efektif pada                                                                                        penandatanganan      Akta  Jual    Beli     antara                Ridean Tbk. and PT Tunas Mobilindo Parama) to
           tanggal 11 Maret 2019.                                                                                                           pemegang saham TFS (PT Tunas Ridean Tbk.                          acquire 51.00% ownership of TFS through
                                                                                                                                            dan PT Tunas Mobilindo Parama) dengan Bank                        purchase of 1,275,000,000 shares of TFS (the
           Berdasarkan Keputusan Sirkuler Pemegang                        Based on Circular Decision of Shareholder                         Mandiri, dimana Bank Mandiri mengakuisisi                         nominal value of Rp100 (full amount)) per share
           Saham PT Bank Mandiri Taspen tanggal                           PT Bank Mandiri Taspen dated 16 December 2020                     51,00% kepemilikan saham atas TFS melalui                         amounted to Rp290,000.
           16 Desember 2020 sebagaimana telah                             as stated on Deed of General Meeting of                           pembelian 1.275.000.000 lembar saham TFS (nilai
           dituangkan dalam Akta Pernyataan Keputusan                     Shareholders Resolutions Statement No. 41 dated                   nominal Rp100 (nilai penuh)) per lembar saham
           Rapat No. 41 tanggal 28 Desember 2020,                         28 December 2020, the ownership of Bank Mandiri                   dengan harga Rp290.000.
           komposisi kepemilikan saham Bank Mandiri di                    in Bank Mantap become 51.098%, PT Taspen
           Bank Mantap menjadi 51,098%, dan saham                         (Persero) became 48.437%, and individual                          Pengalihan 51,00% kepemilikan kepada Bank                         The acquisition of 51.00% of TFS shares
           PT Taspen (Persero) menjadi 48,437% serta                      ownership became 0.465%. The change in the                        Mandiri ini telah disahkan dalam RUPS-LB TFS                      ownership by Bank Mandiri was approved in the
           pemegang saham individual menjadi 0,465%.                      composition of share ownership has been effective                 sebagaimana tertuang dalam Berita Acara RUPS-                     Extraordinary General meeting of Shareholders
           Perubahan komposisi kepemilikan saham                          since 13 January 2021 with the approval and                       LB No. 8 tanggal 6 Februari 2009 dan telah                        Meeting of TFS as stated in the Minutes of
           tersebut berlaku efektif sejak tanggal 13 Januari              receipt of notification of the changes to the Article             dicatatkan dalam Sistem Administrasi Badan                        Extraordinary General meeting of Shareholders’
           2021 dengan didapatkannya persetujuan dan                      of Association of PT Bank Mandiri Taspen from                     Hukum Kementerian Hukum dan Hak Asasi                             No. 8 dated 6 February 2009 and listed in Legal
           penerimaan pemberitahuan perubahan Anggaran                    Ministry Law and Human Rights regarding the                       Manusia sebagaimana ditegaskan melalui Surat                      Entity Administration System of Ministry of Law
           Dasar PT Bank Mandiri Taspen dari Kementerian                  changes in authorised capital, issued capital and                 Kementerian Hukum dan Hak Asasi Manusia                           and Human Rights as affirmed by the Ministry of
           Hukum dan Hak Asasi Manusia terkait perubahan                  paid-in in capital, and from administrative                       No. AHU-AH.01.10-01575 tertanggal 11 Maret                        Law and Human Rights through its Letter No.
           modal dasar, modal ditempatkan dan modal                       perspective, by reporting to FSA about the Change                 2009. Akuisisi ini juga telah disetujui oleh Bank                 AHU-AH.01.10-01575 dated 11 March 2009. This
           disetor, serta dari sisi administratif dengan                  of the Shareholder Composition.                                   Indonesia melalui Keputusan Gubernur Bank                         acquisition had been approved by Bank Indonesia
           dilakukannya laporan perubahan komposisi                                                                                         Indonesia No. 11/3/DPB1/TPB1-1 tertanggal                         through the Decree of the Governor of Bank
           permodalan ke Otoritas Jasa Keuangan.                                                                                            8 Januari 2009.                                                   Indonesia     No.    11/3/DPB1/TPB1-1      dated
                                                                                                                                                                                                              8 January 2009.




PT BANK MANDIRI (PERSERO) TBK                         1314          35                                                                                                                           131536                                    ANNUAL REPORT 2024
Page 380
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                   PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                         DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED             CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS           KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                       31 DECEMBER 2024 AND 2023          31 DESEMBER 2024 DAN 2023                                                                     31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)   (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                   1.     GENERAL INFORMATION (continued)                            1.   INFORMASI UMUM (lanjutan)                                 1.     GENERAL INFORMATION (continued)
                                                                                                                                        g.   Entitas Anak (lanjutan)                                     g. Subsidiaries (continued)
     g.    Entitas Anak (lanjutan)                                      g. Subsidiaries (continued)
                                                                                                                                             PT AXA Mandiri Financial Services (lanjutan)                    PT AXA Mandiri Financial Services (continued)
           PT Mandiri Tunas Finance (lanjutan)                              PT Mandiri Tunas Finance (continued)
                                                                                                                                             Akta pendirian disetujui oleh Menteri Kehakiman                 The deed of establishment was approved by the
           Perubahan     nama     TFS     menjadi    MTF                    The amendment of the TFS’ name to become MTF                     Republik        Indonesia      melalui     surat                Minister of Justice of the Republic of Indonesia
           dilaksanakan pada tanggal 26 Juni 2009, sesuai                   was undertaken on 26 June 2009, in accordance                    No. C2-6144.HT.01.01.TH.91 tanggal 28 Oktober                   through its letter No. C2-6144.HT.01.01.TH.91
                                                                                                                                             1991.     Entitas    Anak    mendapatkan     ijin               dated 28 October 1991. The Subsidiary obtained
           Akta Pernyataan Keputusan Rapat PT Tunas                         with a Deed of Resolution of Meeting Decision of
                                                                                                                                             usaha asuransi jiwa melalui Surat Keputusan                     its life insurance license through General
           Financindo Sarana No. 181 tanggal 26 Juni 2009                   PT Tunas Financindo Sarana No. 181 dated                         Direktorat    Jenderal    Lembaga      Keuangan                 Directorate of Finance Institution Decision Letter
           yang ditandatangani oleh notaris Dr. Irawan                      26 June 2009, notarised by notary Dr. Irawan                     No. KEP.605/KM.13/1991 tentang Pemberian Izin                   No. KEP.605/KM.13/1991 regarding Granting of
           Soerodjo, S.H., M.Si. Perubahan Anggaran                         Soerodjo, S.H., M.Si. The Articles of Association                Usaha Asuransi Jiwa Nasional dan memulai                        National Life Insurance Business License and
           Dasar tersebut telah disahkan oleh Menteri                       was approved by the Ministry of Law and Human                    kegiatan operasionalnya pada tanggal 4                          officially commenced its operations activities on
           Hukum dan Hak Asasi Manusia Republik                             Rights Republic of Indonesia in its Decision Letter              Desember 1991. Nama Entitas Anak lalu                           4 December 1991. The Subsidiary’s name was
           Indonesia dalam Surat Keputusan No. AHU-                         No. AHU-4056.AH.01.02.TH.09 dated 26 August                      berubah menjadi PT Asuransi Jiwa Mandiri                        then changed to PT Asuransi Jiwa Mandiri and
           4056.AH.01.02.TH.09 pada tanggal 26 Agustus                      2009 and MTF has obtained a business license to                  dan selanjutnya berubah menjadi PT AXA                          subsequently changed to PT AXA Mandiri
           2009 dan MTF telah memperoleh izin usaha                         operate as leasing, factoring, and consumer                      Mandiri Financial Services. Perubahan ini                       Financial Services. This change was approved by
           sebagai perusahaan pembiayaan dalam bidang                       financing company from Ministry of Finance in its                disetujui   oleh    Menteri    Kehakiman    dan                 the Ministry of Justice and Human Rights in its
           sewa menyewa biasa, anjak piutang, dan                           Decision Letter No. KEP-352/KM.10/2009 dated on                  Hak       Asasi     Manusia      dalam     surat                Decision Letter No. C-28747.HT.01.04.TH.2003
           pembiayaan konsumen dari Menteri Keuangan                        29 September 2009. MTF is domiciled in Graha                     No. C-28747.HT.01.04.TH.2003 pada tanggal                       dated 10 December 2003, and was published in
                                                                                                                                             10 Desember 2003 dan diumumkan pada                             State Gazette of the Republic of Indonesia No. 64,
           berdasarkan Surat Keputusan Menteri Keuangan                     Mandiri, Jalan Imam Bonjol No. 61, Central Jakarta
                                                                                                                                             Lembaran Berita Negara Republik Indonesia                       Supplement No. 7728 dated 10 August 2004 with
           No. KEP-352/KM.10/2009 tanggal 29 September                      10310.                                                           No. 64, Tambahan No. 7728 tanggal 10 Agustus                    shareholders composition consists of NMI 51.00%
           2009. MTF berdomisili di Graha Mandiri, Jalan                                                                                     2004 dengan komposisi pemegang saham NMI                        and Bank Mandiri 49.00%.
           Imam Bonjol No. 61, Jakarta Pusat 10310.                                                                                          sebesar 51,00% dan Bank Mandiri sebesar
                                                                                                                                             49,00%.
           Mandiri International Remittance Sendirian                       Mandiri   International   Remittance     Sendirian
           Berhad                                                           Berhad                                                           Pada Rapat Umum Pemegang Saham tanggal                          At the General Meeting of Shareholders on 17 May
                                                                                                                                             17 Mei 2010 (dalam pasal 7), pemegang saham                     2010 (in article 7), Bank Mandiri shareholders
           Mandiri International Remittance Sendirian                       Mandiri International Remittance Sendirian Berhad                Bank Mandiri telah menyetujui pembelian saham                   approved the purchase of shares by Bank Mandiri
           Berhad (“MIR”) merupakan Entitas Anak yang                       (“MIR”), a wholly owned Subsidiary of Bank                       oleh Bank Mandiri sebesar 2,00% dari total                      amounting to 2.00% of the total shares issued and
           seluruh sahamnya dimiliki oleh Bank Mandiri dan                  Mandiri and became a Malaysian legal entity since                saham yang diterbitkan dan disetor penuh secara                 fully paid up directly from NMI.
                                                                                                                                             langsung dari NMI.
           menjadi badan hukum Malaysia sejak tanggal                       17      March    2009     based    on   registration
           17 Maret 2009 dengan registrasi No. 850077-P.                    No. 850077-P. MIR is engaged in money                            Sebelum tanggal 1 Januari 2011, goodwill yang                   Prior to 1 January 2011, goodwill arising from the
           MIR merupakan perusahaan penyedia jasa                           remittance service under the regulations of the                  timbul dari akuisisi AXA Mandiri sebesar                        acquisition of AXA Mandiri amounted to Rp40,128
           pengiriman uang (remittances) di bawah                           Bank Negara Malaysia (“BNM”). MIR has obtained                   Rp40.128 diamortisasi dengan menggunakan                        was amortised using the straight-line method over
           ketentuan Bank Negara Malaysia (“BNM”). MIR                      an approval from Bank Indonesia (“BI”) through                   metode garis lurus selama 5 (lima) tahun dengan                 5 (five) years with the estimation of economic
           telah mendapat persetujuan dari Bank Indonesia                   letter No. 10/548/DPB1 dated 14 November 2008                    pertimbangan atas estimasi manfaat ekonomis                     benefits of the goodwill. Effective on 1 January
           (“BI”) melalui surat No. 10/548/DPB1 tanggal                     and approval from BNM to conduct operational                     atas goodwill tersebut. Efektif tanggal 1 Januari               2011, in accordance with SFAS No. 22 (Revised
           14 November 2008 dan persetujuan dari                            activities through its letter No. KL.EC.150/1/8562               2011, sesuai PSAK No. 22 (Revisi 2009),                         2009), “Business Combinations”, goodwill is not
           BNM untuk melakukan kegiatan operasional                         dated 18 November 2009. MIR officially                           “Kombinasi Bisnis”, goodwill tidak diamortisasi                 amortised but tested for impairment annually. Bank
           melalui surat No. KL.EC.150/1/8562 tanggal                       commenced its operations on 29 November 2009                     tapi diuji penurunan nilai setiap tahunnya. Bank                Mandiri periodically evaluates the impairment of
           18 November 2009. Pembukaan kantor MIR                           and is currently located in Wisma MEPRO, Kuala                   Mandiri secara berkala melakukan evaluasi                       goodwill in accordance with SFAS No. 48,
           dilakukan pada tanggal 29 November 2009 yang                     Lumpur, Malaysia. MIR has 12 branches around                     terhadap penurunan nilai goodwill tersebut sesuai               “Impairment of Assets” (Note 2r). The balance of
                                                                                                                                             PSAK No. 48 “Penurunan Nilai Aset” (Catatan                     goodwill on 31 December 2024 and 2023
           berlokasi di Wisma MEPRO, Kuala Lumpur,                          Malaysia and could provide remittance service to
                                                                                                                                             2r). Saldo goodwill pada tanggal 31 Desember                    amounted to Rp37,194. The Head Office of AXA
           Malaysia. MIR telah memiliki 12 cabang di                        10 (ten) countries which are Indonesia, Philippines,             2024 dan 2023 adalah sebesar Rp37.194. Kantor                   Mandiri is located at AXA Tower, Jalan Prof. Dr.
           Malaysia dan telah dapat melayani kiriman uang                   Thailand, Singapore, India, Nepal, Pakistan,                     Pusat AXA Mandiri terletak di AXA Tower, Jalan                  Satrio Kav. 18, South Jakarta 12940.
           ke 10 (sepuluh) negara, yaitu: Indonesia, Filipina,              Bangladesh, Hong Kong, and Vietnam.                              Prof. Dr. Satrio Kav. 18, Jakarta Selatan 12940.
           Thailand, Singapura, India, Nepal, Pakistan,
           Bangladesh, Hong Kong, dan Vietnam.                                                                                               PT Asuransi Jiwa Inhealth Indonesia                             PT Asuransi Jiwa Inhealth Indonesia

           PT AXA Mandiri Financial Services                                PT AXA Mandiri Financial Services                                PT Asuransi Jiwa Inhealth Indonesia (“Mandiri                   PT Asuransi Jiwa Inhealth Indonesia (“Mandiri
                                                                                                                                             Inhealth”) didirikan berdasarkan Akta Notaris NM                Inhealth”) was established on 6 October 2008
           PT AXA Mandiri Financial Services ("AXA                          PT AXA Mandiri Financial Services (“AXA Mandiri”)                Dipo Nusantara Pua Upa, S.H., No. 2 tanggal                     based on the Notarial Deed No. 2 of NM Dipo
           Mandiri") merupakan perusahaan joint venture                     is a joint venture company between PT Bank                       6 Oktober 2008 dan telah mendapatkan                            Nusantara Pua Upa, S.H., and has been approved
           antara PT Bank Mandiri (Persero) Tbk. (“Bank                     Mandiri (Persero) Tbk. (“Bank Mandiri”) and                      pengesahan dari Menteri Hukum dan Hak Asasi                     by the Minister of Law and Human Rights of the
                                                                                                                                             Manusia Republik Indonesia berdasarkan Surat                    Republic of Indonesia through its decision letter
           Mandiri”) dengan National Mutual International                   National Mutual International Pty. Limited (“NMI”)
                                                                                                                                             Keputusan No. AHU-90399.AH.01.01.Tahun                          No. AHU-90399.AH.01.01.Tahun 2008 dated 26
           Pty. Limited (“NMI”) yang bergerak di bidang                     that is engaged in life insurance. AXA Mandiri was               2008 tanggal 26 November 2008. Perusahaan                       November 2008. Mandiri Inhealth obtained its
           asuransi jiwa. AXA Mandiri didirikan dengan                      formerly established under the name of                           telah mendapatkan Izin Usaha di bidang Asuransi                 business license to operate in life insurance as
           nama PT Asuransi Jiwa Staco Raharja pada                         PT Asuransi Jiwa Staco Raharja on 30 September                   Jiwa yang tertuang dalam Salinan Keputusan                      stated in the Decision Letter of the Minister of
           30 September 1991 dengan Akta Notaris Muhani                     1991 by Notarial Deed No. 179 of Muhani Salim,                   Menteri Keuangan No. KEP-38/KM.10/2009                          Finance of the Republic of Indonesia No. KEP-
           Salim, S.H., No. 179.                                            S.H.                                                             tanggal 20 Maret 2009.                                          38/KM.10/2009 dated 20 March 2009.




PT BANK MANDIRI (PERSERO) TBK                           1316          37                                                                                                                         131738                                    ANNUAL REPORT 2024
Page 381
          FINANCIAL STATEMENTS 2024


                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                                  PT BANK MANDIRI (PERSERO) Tbk.
                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                        DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED             CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS           KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                     31 DECEMBER 2024 AND 2023          31 DESEMBER 2024 DAN 2023                                                                     31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)   (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                 1.     GENERAL INFORMATION (continued)                            1.   INFORMASI UMUM (lanjutan)                                 1.     GENERAL INFORMATION (continued)
     g.    Entitas Anak (lanjutan)                                    g. Subsidiaries (continued)                                     g.   Entitas Anak (lanjutan)                                     g. Subsidiaries (continued)
           PT Asuransi          Jiwa   Inhealth   Indonesia               PT Asuransi Jiwa Inhealth Indonesia (continued)                  PT Asuransi         Jiwa    Inhealth   Indonesia                PT Asuransi Jiwa Inhealth Indonesia (continued)
           (lanjutan)                                                                                                                      (lanjutan)
           Pada tanggal 27 Februari 2014, PT Bank Mandiri                 On 27 February 2014, PT Bank Mandiri (Persero)                   Pada tanggal 26 Juni 2024, telah ditandatangani                 On 26 June 2024, Bank Mandiri and IFG Life
           (Persero) Tbk telah memperoleh persetujuan                     Tbk. has obtained the approval in the Annual                     dokumen Akta Pengambilalihan Saham No. 88                       signed the Share Acquisition Deed No. 88, and
           dalam Rapat Umum Pemegang Saham Tahunan                        General Meeting of Shareholders related to the                   antara Bank Mandiri dan IFG Life serta Akta Jual                Kimia Farma and IFG Life signed the Share Sale
           terkait rencana akuisisi Mandiri Inhealth.                     acquisition plan of Mandiri Inhealth. Furthermore,               Beli Saham No. 89 antara Kimia Farma dan IFG                    and Purchase Deed No. 89, both made before
           Selanjutnya, PT Bank Mandiri (Persero) Tbk juga                PT Bank Mandiri (Persero) Tbk. also has received                 Life, keduanya dibuat di hadapan Mala Mukti                     Mala Mukti S.H., LL.M., notary in Jakarta. Since
           telah menerima persetujuan rencana akuisisi dari               the approval of the proposed acquisition from FSA                S.H., LL.M., notaris di Jakarta. Sejak                          the signing of the Share Acquisition Deed and
           OJK sesuai Surat No. S-37/PB/31/2014 tanggal                   in accordance with Letter No. S-37/PB/31/2014                    ditandatanganinya Akta Pengambilalihan Saham                    Share Sale and Purchase Deed, the composition
           17 April 2014 perihal Permohonan Persetujuan                   dated 17 April 2014 regarding the Application for                dan Akta Jual Beli Saham tersebut susunan                       of Mandiri Inhealth's shareholders has become IFG
           Penyertaan Modal PT Bank Mandiri (Persero)                     Approval for Equity Investment of PT Bank Mandiri                pemegang saham Mandiri Inhealth menjadi IFG                     Life owning 80% of the shares and Bank Mandiri
           Tbk dalam PT Asuransi Jiwa Inhealth Indonesia.                 (Persero) Tbk in PT Asuransi Jiwa Inhealth                       Life memiliki sebesar 80% saham dan Bank                        owning 20% of the shares. Thus, Bank Mandiri lost
                                                                          Indonesia.                                                       Mandiri memiliki sebesar 20% saham. Dengan                      control over Mandiri Inhealth which resulted in
                                                                                                                                           demikian, Bank Mandiri kehilangan pengendalian                  Bank Mandiri derecognizing Mandiri Inhealth's net
           Bank Mandiri mengambil alih kepemilikan di                     Bank Mandiri acquired 80% of total shares issued                 atas Mandiri Inhealth yang mengakibatkan Bank                   assets at their carrying value. The transfer of
           Mandiri Inhealth sebesar 80% dengan nilai                      by Mandiri Inhealth amounted to Rp1,320,000. As                  Mandiri menghentikan pengakuan terhadap aset                    shares was previously approved through the
           Rp1.320.000. Saldo goodwill dari akuisisi Mandiri              of 31 December 2023 goodwill balance from                        bersih Mandiri Inhealth pada nilai tercatatnya.                 Mandiri Inhealth General Meeting of Shareholders
           Inhealth pada tanggal 31 Desember 2023 adalah                  acquisition of Mandiri Inhealth is amounted to                   Pengalihan saham tersebut telah disetujui                       as stated in the Deed of Decision Statement of
           sebesar Rp268.181. Bank secara berkala                         Rp268,181, respectively. The Bank periodically                   sebelumnya melalui RUPS Mandiri Inhealth yang                   Mandiri Inhealth Shareholders No. 90, made
           melakukan evaluasi terhadap penurunan nilai                    evaluates the impairment of goodwill in accordance               dinyatakan dalam Akta Pernyataan Keputusan                      before Mala Mukti S.H., LL.M., notary in Jakarta
           goodwill tersebut sesuai PSAK No. 48,                          with SFAS No. 48, “Impairment of Assets”                         Para Pemegang Saham Mandiri Inhealth No. 90,                    and the notification has been recorded in the Legal
           “Penurunan Nilai Aset” (Catatan 2r).                           (Note 2r).                                                       yang dibuat di hadapan Mala Mukti S.H., LL.M.,                  Entity Administration System of the Ministry of Law
                                                                                                                                           notaris di Jakarta dan pemberitahuannya telah                   and Human Rights of the Republic of Indonesia
           Pada tanggal 29 Juli 2022, PT Asuransi Jiwa                    On 29 July 2022, PT Asuransi Jiwa Inhealth                       dicatat ke dalam Sistem Administrasi Badan                      according to letter dated 27 June 2024 No. AHU-
           Inhealth Indonesia telah memperoleh persetujuan                Indonesia obtained approval at Circular Resolution               Hukum Kementerian Hukum dan Hak Asasi                           AH.01.09-0219371.
           dalam Keputusan Sirkuler Para Pemegang                         of the Shareholders of PT Asuransi Jiwa Inhealth                 Manusia Republik Indonesia sesuai surat
           Saham PT Asuransi Jiwa Inhealth Indonesia Di                   Indonesia Outside the General Meeting of                         tertanggal 27 Juni 2024 No. AHU-AH.01.09-
           Luar Rapat Umum Pemegang Saham Tentang                         Shareholders Regarding Approval of the                           0219371.
           Persetujuan Pendirian PT FitAja Digital                        Establishment of PT FitAja Digital Nusantara.
           Nusantara.                                                                                                                      Transaksi pengalihan saham Mandiri Inhealth                     The share transfer transaction of Mandiri Inhealth
                                                                                                                                           tersebut merupakan kombinasi bisnis entitas                     is a business combination of entity under common
           Pada tanggal 31 Juli 2022, PT Asuransi Jiwa                    On 31 July 2022, PT Asuransi Jiwa Inhealth                       sepengendali     dimana     pemegang      saham                 control where the ultimate shareholder of Mandiri
           Inhealth     Indonesia     bersama     dengan                  Indonesia together with PT Mandiri Capital                       pengendali (ultimate shareholder) dari pemegang                 Inhealth's shareholders, namely Bank Mandiri,
           PT Mandiri Capital Indonesia dan PT Metra                      Indonesia and PT Metra Digital Investama signed                  saham Mandiri Inhealth yaitu Bank Mandiri, Kimia                Kimia Farma, and IFG Life, is the Government of
           Digital   Investama    telah   menandatangani                  an Agreement to Establish a Joint Company. With                  Farma, dan IFG Life adalah Pemerintah Republik                  the Republic of Indonesia. Therefore, the
           Perjanjian Pendirian Perusahaan Patungan.                      the signing of the agreement, PT Asuransi Jiwa                   Indonesia. Oleh karena itu, transaksi divestasi                 divestment transaction is recorded using the
           Dengan ditandatanganinya perjanjian tersebut,                  Inhealth Indonesia is legally a shareholder in                   tersebut dicatat berdasarkan metode penyatuan                   pooling of interest method in accordance with the
           PT Asuransi Jiwa Inhealth Indonesia telah sah                  PT FitAja Digital Nusantara with percentage of                   kepemilikan     sesuai    Pernyataan     Standar                Statement of Financial Accounting Standards
           sebagai pemegang saham di PT FitAja Digital                    ownership of 45.14%.                                             Akuntansi Keuangan (“PSAK”) No. 338 (Revisi                     ("SFAS") No. 338 (Revised 2014), "Business
           Nusantara dengan porsi kepemilikan saham                                                                                        2014), “Kombinasi Bisnis Entitas Sepengendali”.                 Combinations of Entity under Common Control".
           sebanyak 45,14%.
                                                                                                                                           Perbedaan antara jumlah imbalan yang diterima                   The difference between the consideration received
           Pada tanggal 7 Februari 2024, Bank Mandiri dan                 On 7 February 2024, Bank Mandiri and                             dan jumlah tercatat investasi dari transaksi ini                and the carrying amount of the investment from
           PT Asuransi Jiwa IFG (IFG Life) telah                          PT Asuransi Jiwa IFG (IFG Life) signed a Share                   diakui sebagai “Selisih Nilai Transaksi Kombinasi               this transaction is recognised as "Difference in
           menandatangani Perjanjian Pengikatan Jual Beli                 Purchase Agreement (SPA) for the shares of                       Bisnis Entitas Sepengendali” dan disajikan                      Value from Transactions of Business Combinations
           (PPJB) saham pada PT Asuransi Jiwa Inhealth                    PT Asuransi Jiwa Inhealth Indonesia (Mandiri                     sebagai bagian "Tambahan Modal Disetor" di                      of Entity under Common Control" and presented as
           Indonesia (Mandiri Inhealth) sehubungan dengan                 Inhealth) in connection with the transfer plan of                bagian ekuitas pada laporan posisi keuangan                     part of "Additional Paid-in Capital" in the equity
           rencana pengalihan kepemilikan 60% saham                       60% ownership of Mandiri Inhealth from Bank                      konsolidasian. Rincian jumlah imbalan yang                      section of the consolidated statement of financial
           Mandiri Inhealth dari Bank Mandiri ke IFG Life.                Mandiri to IFG Life.                                             diterima dan jumlah tercatat yang dialihkan                     position. The details of the consideration received
                                                                                                                                           adalah sebagai berikut:                                         and the carrying amount transferred are as follows:
           Pada tanggal 21 Februari 2024, Bank Mandiri                    On 21 February 2024, Bank Mandiri submitted a
           mengajukan persetujuan kepada OJK terkait                      request for approval to the Financial Services                                                         Jumlah           Jumlah
           dengan divestasi Mandiri Inhealth. Pada tanggal                Authority (FSA) regarding the divestment of                                                         imbalan yang         tercatat
           13 Mei 2024, Bank Mandiri telah mendapatkan                    Mandiri Inhealth. On 13 May 2024, Bank Mandiri                                                        diterima/        investasi/        Tambahan
                                                                                                                                                                                   The          Investment        modal disetor/
           persetujuan OJK Pasar Modal melalui surat No.                  received approval from the OJK Capital Market                                                       consideration       carrying          Additional
           S-73/PB.21/2024 perihal Persetujuan Divestasi                  through letter No. S-73/PB.21/2024 regarding the                                                      received          Amount          paid-in capital
           Perusahaan Anak PT Asuransi Jiwa Inhealth                      Approval of Divestment of the Subsidiary
           Indonesia (Mandiri Inhealth) Fase 1, serta pada                PT Asuransi Jiwa Inhealth Indonesia (Mandiri                     PT Asuransi Jiwa Inhealth                                                                    PT Asuransi Jiwa Inhealth
           tanggal 7 Juni 2024 Mandiri Inhealth telah                     Inhealth) Phase 1, and on 7 June 2024, Mandiri                     Indonesia                             1.710.000          1.257.990          452.010                      Indonesia
           mendapatkan       persetujuan     OJK    Industri              Inhealth received approval from the FSA Non-Bank
           Keuangan Non-Bank (IKNB) melalui surat                         Financial    Industry   (IKNB)    through   letter               Setelah pengukuran awal, nilai investasi Mandiri                After initial measurement, the value of the
           No.    S-15/D.05/2024      perihal   Persetujuan               No. S-15/D.05/2024 regarding the Approval of                     Inhealth kemudian ditambah atau dikurangkan                     investment in Mandiri Inhealth is then adjusted by
           Perubahan Kepemilikan PT Asuransi Jiwa                         Ownership Changes of PT Asuransi Jiwa Inhealth                   bagian Bank Mandiri atas laba rugi Mandiri                      adding or subtracting Bank Mandiri's share of
           Inhealth Indonesia.                                            Indonesia.                                                       Inhealth sesuai dengan PSAK No. 228 “Investasi                  Mandiri Inhealth's profit or loss in accordance with
                                                                                                                                           Pada Entitas Asosiasi dan Ventura Bersama”.                     PSAK No. 228 "Investments in Associates and
                                                                                                                                                                                                           Joint Ventures".



PT BANK MANDIRI (PERSERO) TBK                         1318          39                                                                                                                         131940                                    ANNUAL REPORT 2024
Page 382
          FINANCIAL STATEMENTS 2024


                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                               PT BANK MANDIRI (PERSERO) Tbk.
                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED             CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS           KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                    31 DECEMBER 2024 AND 2023          31 DESEMBER 2024 DAN 2023                                                                   31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)   (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                1.     GENERAL INFORMATION (continued)                            1.   INFORMASI UMUM (lanjutan)                               1.     GENERAL INFORMATION (continued)

     g.    Entitas Anak (lanjutan)                                   g. Subsidiaries (continued)                                     g.   Entitas Anak (lanjutan)                                   g. Subsidiaries (continued)
           PT Asuransi          Jiwa   Inhealth   Indonesia              PT Asuransi Jiwa Inhealth Indonesia (continued)                  PT Mandiri Utama Finance (lanjutan)                           PT Mandiri Utama Finance (continued)
           (lanjutan)
                                                                                                                                          Pada tanggal 24 Agustus 2015, MUF mulai                       On 24 August 2015, MUF has performed the initial
           Kantor Pusat Mandiri Inhealth berlokasi di                    The Head Office of Mandiri Inhealth is located at
           Mandiri Inhealth Tower, Jalan Prof. Dr. Satrio                Mandiri Inhealth Tower, Jalan Prof. Dr. Satrio Kav.              melaksanakan tahapan kegiatan operasional                     operational activities through cooperation with
           Kav. E-IV No. 6, Kelurahan Karet Kuningan,                    E-IV No. 6, Karet Kuningan Sub-district, Setiabudi               awal melalui kerjasama dengan dealer-dealer                   primary dealers and showroom, as well as vehicle
           Kecamatan Setiabudi, Jakarta Selatan 12940.                   District, South Jakarta 12940.                                   dan showroom-showroom utama serta pencairan                   financing disbursement to limited customers to
                                                                                                                                          pembiayaan    kendaraan      bermotor    kepada               meet the requirements of the FSA IKNB, and fully
           PT Mandiri Utama Finance                                      PT Mandiri Utama Finance                                         nasabah terbatas untuk memenuhi persyaratan                   operated commercially on January 2016 through
                                                                                                                                          OJK IKNB, dan pada akhirnya di bulan Januari                  its branches which already have operational permit
           Pada tanggal 16 April 2014, Bank Mandiri                      On 16 April 2014, Bank Mandiri and PT Asco                       2016, MUF telah dapat beroperasi komersial                    from FSA IKNB.
           bersama PT Asco Investindo (“ASCO”) dan                       Investindo (“ASCO”) and PT Tunas Ridean                          secara penuh melalui jaringan kantor yang sudah
           PT    Tunas     Ridean     (“TURI”),   telah                  (“TURI”), signed an agreement of preliminary                     mendapatkan izin dari OJK IKNB.
           menandatangani perjanjian kesepakatan awal                    agreement to set up a financing company to
           untuk   mendirikan     sebuah    perusahaan                   accelerate Bank Mandiri financing portfolio                      Pada tanggal 28 Desember 2016, telah dilakukan                On 28 December 2016, the signing of the deed
           pembiayaan untuk mengakselerasi penyaluran                    distribution, especially in the segment of vehicle               penandatanganan akta yang dituangkan dalam                    has been executed as outlined in Notarial Deed of
           pembiayaan Bank Mandiri khususnya pada                        financing.                                                       Akta Notaris Utiek Rochmuljati Abdurachman,                   Utiek Rochmuljati Abdurachman, SH, M.LI, M.Kn,
           segmen pembiayaan kendaraan bermotor.                                                                                          SH, M.LI, M.Kn, No. 16 tanggal 28 Desember                    No. 16 dated 28 December 2016, and was
                                                                                                                                          2016, dan telah disahkan oleh Kementerian                     approved by the Ministry of Law and Human
           Pada tanggal 22 Oktober 2014, Bank Mandiri                    On 22 October 2014, Bank Mandiri with ASCO and
                                                                                                                                          Hukum dan Hak Asasi Manusia Republik                          Rights of the Republic of Indonesia in Decree letter
           bersama ASCO dan TURI telah menandatangani                    TURI signed a shareholders' agreement for
           perjanjian pemegang saham dimana telah                        establishment of a financing company with an                     Indonesia dalam Surat Keputusan No. AHU-                      No. AHU-AH.01.03-0113772 Year 2016 dated
           disepakati   pendirian    suatu     perusahaan                authorised capital of Rp400,000 and an ownership                 AH.01.03-0113772    Tahun     2016      tanggal               29 December 2016 which approved the increase in
           pembiayaan dengan modal dasar Rp400.000                       composition as follows: the Bank Mandiri (51%);                  29 Desember 2016 dimana menyetujui                            capital placement by Rp200,000, therefore
           dengan komposisi kepemilikan adalah Bank                      ASCO (37%); and TURI (12%). Subsequently, on                     penambahan penempatan modal sebesar                           increase the issued capital and paid-up capital of
           Mandiri (51%), ASCO (37%); dan TURI (12%).                    23 December 2014, in accordance with letter No.                  Rp200.000, sehingga modal ditempatkan dan                     MUF become amounted to Rp300,000.
           Selanjutnya,   pada    23   Desember      2014                S-137/PB.31/2014 the Bank obtained a principle                   modal disetor MUF menjadi Rp300.000.
           sebagaimana      disebutkan     dalam     surat               license of equity participation in the new financing
           No. S-137/PB.31/2014, Bank Mandiri telah                      company from Bank Supervision FSA.                               Pada tanggal 11 April 2017, telah dilakukan                   On 11 April 2017, the signing of the deed has
           memperoleh izin prinsip penyertaan modal pada                                                                                  penandatanganan akta yang dituangkan dalam                    been executed as outlined in Notarial Deed of
           perusahaan pembiayaan baru tersebut dari OJK                                                                                   Akta Notaris Ashoya Ratam SH, M.Kn, No. 10                    Ashoya Ratam SH, M.Kn, No. 10 dated 11 April
           Pengawasan Bank.                                                                                                               tanggal 11 April 2017 dan telah disahkan oleh                 2017, and was approved by the Ministry of Law
                                                                                                                                          Kementerian Hukum dan Hak Asasi Manusia                       and Human Rights of the Republic of Indonesia in
           Pada tanggal 21 Januari 2015, telah dilakukan                 On 21 January 2015, the deed of incorporation of a               Republik Indonesia dalam Surat Keputusan                      Decree letter No. AHU-0010397.AH.01.02 Year
           penandatanganan akta pendirian Entitas Anak                   new Subsidiary of Bank Mandiri named                             No. AHU-0010397.AH.01.02 Tahun 2017 tanggal                   2017 dated 10 May 2017 which changed the
           baru Bank Mandiri yang diberi nama PT Mandiri                 PT Mandiri Utama Finance (“MUF”) has been                        10 Mei 2017 dimana dilakukan perubahan modal                  authorised capital to Rp500,000.
           Utama Finance (“MUF”) yang dituangkan dalam                   signed as stated in the Notarial Deed of Ashoya
                                                                                                                                          dasar menjadi Rp500.000.
           Akta Notaris Ashoya Ratam, S.H., M.Kn., No. 19                Ratam, SH, M.Kn., No. 19 dated 21 January 2015
           tanggal 21 Januari 2015 dan telah disahkan oleh               and was approved by the Ministry of Law and
           Kementerian Hukum dan Hak Asasi Manusia                       Human Rights of the Republic of Indonesia in                     Pada tanggal 29 Agustus 2017, telah dilakukan                 On 29 August 2017, the signing of the deed has
           Republik Indonesia dalam Surat Keputusan                      Decree Letter No. AHU-0003452.AH.01.01 Year                      penandatanganan akta yang dituangkan dalam                    been executed as outlined in Notarial Deed of
           No. AHU-0003452.AH.01.01 Tahun 2015 tanggal                   2015 dated 26 January 2015. Concurrent with the                  Akta Notaris Ashoya Ratam SH, M.Kn, No. 56                    Ashoya Ratam SH, M.Kn, No. 56 dated 29 August
           26    Januari    2015.   Bersamaan      dengan                signing of the deed of incorporation, a capital                  tanggal 29 Agustus 2017, dan telah disahkan                   2017, and was approved by the Ministry of Law
           penandatanganan akta pendirian tersebut                       placement of Rp100,000 had been done and the                     oleh Kementerian Hukum dan Hak Asasi                          and Human Rights of the Republic of Indonesia in
           dilakukan     penempatan     modal      sebesar               Bank also made capital injection amounted to                     Manusia Republik Indonesia dalam Surat                        Decree Letter No. AHU-AH.01.03-0169081 Year
           Rp100.000 dan Bank Mandiri juga melakukan                     Rp51,000 as stipulated in the Bank’s shareholding                Keputusan No. AHU-AH.01.03-0169081 Tahun                      2017 dated 6 September 2017 which approved the
           penyetoran modal sebesar Rp51.000 sesuai                      composition in MUF.                                              2017 tanggal 6 September 2017 dimana                          increase in capital placement by Rp100,000,
           dengan komposisi kepemilikan saham Bank                                                                                        menyetujui penambahan penempatan modal                        therefore increase the issued capital and paid-up
           Mandiri di MUF.                                                                                                                sebesar     Rp100.000,    sehingga      modal                 capital of MUF become amounted to Rp400,000.
                                                                                                                                          ditempatkan dan modal disetor MUF menjadi
           Pasca penandatanganan akta pendirian, MUF                     After the signing of the establishment deed, MUF                 Rp400.000.
           menyampaikan       permohonan   izin  usaha                   submitted application of financing company
           perusahaan pembiayaan kepada OJK Industri                     business license to FSA Non-Bank Financial                       Pada tanggal 24 November 2017, telah dilakukan                On 24 November 2017, the signing of the deed
           Keuangan Non Bank (”OJK IKNB”). Atas                          Industry (“FSA IKNB”). Upon request, the FSA
           permohonan     tersebut,  OJK   IKNB   telah                  IKNB has issued a decree letter of IKNB Board of                 penandatanganan akta yang dituangkan dalam                    has been executed as outlined in Notarial Deed of
           menerbitkan Surat Keputusan Dewan Komisioner                  Commissioners of the FSA No. KEP-81/D.05/2015                    Akta Notaris Ashoya Ratam SH, M.Kn, No. 60                    Ashoya Ratam SH, M.Kn, No. 60 dated
           Otoritas Jasa Keuangan No. KEP-81/D.05/2015                   regarding the “Granting Financing Company to                     tanggal 24 November 2017 dan telah disahkan                   24 November 2017, and was approved by the
           tentang “Pemberian Izin Usaha Perusahaan                      PT Mandiri Utama Finance” on 25 June 2015                        oleh Kementerian Hukum dan Hak Asasi                          Ministry of Law and Human Rights of the Republic
           Pembiayaan kepada PT Mandiri Utama Finance”                   through FSA letter No. SR-3516 /NB.111/2015                      Manusia Republik Indonesia dalam Surat                        of Indonesia in Decree Letter No. AHU-AH.01.03-
           pada tanggal 25 Juni 2015 yang disampaikan                    dated 26 June 2015, regarding “Granting Financing                Keputusan No. AHU-AH.01.03-0195073 Tahun                      0195073 Year 2017 dated 27 November 2017
           melalui surat OJK No. SR-3516/NB.111/2015                     Company Business License to PT Mandiri Utama                     2017 tanggal 27 November 2017 dimana                          Which approved the increase in capital placement
           tanggal 26 Juni 2015 perihal “Pemberian Izin                  Finance”.                                                        menyetujui penambahan penempatan modal                        by Rp100,000, therefore increase the issued
           Usaha Perusahaan Pembiayaan PT Mandiri                                                                                         sebesar     Rp100.000,    sehingga       modal                capital and paid-up capital of MUF become
           Utama Finance”.                                                                                                                ditempatkan dan modal disetor MUF secara                      amounted to Rp500,000.
                                                                                                                                          penuh menjadi Rp500.000.



PT BANK MANDIRI (PERSERO) TBK                         1320         41                                                                                                                       132142                                    ANNUAL REPORT 2024
Page 383
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                  PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                        DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED             CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS           KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023          31 DESEMBER 2024 DAN 2023                                                                   31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)   (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                  1.     GENERAL INFORMATION (continued)                            1.   INFORMASI UMUM (lanjutan)                               1.     GENERAL INFORMATION (continued)

     g.    Entitas Anak (lanjutan)                                     g. Subsidiaries (continued)                                     g.   Entitas Anak (lanjutan)                                   g. Subsidiaries (continued)

           PT Mandiri Utama Finance (lanjutan)                               PT Mandiri Utama Finance (continued)                           PT Mandiri Capital Indonesia (lanjutan)                       PT Mandiri Capital Indonesia (continued)

                                                                                                                                            Pendirian   perusahaan    ditandai    dengan                  The establishment of the Company was marked by
           Selanjutnya, MUF mengurus izin Unit Usaha                         Furthermore, MUF processed the Sharia Business                 penandatanganan akta pendirian antara Bank                    the signing of the establishment deed between
           Syariah (“UUS”) ke OJK-IKNB Syariah dan                           Unit (“UUS”) license to FSA-IKNB Sharia and has                Mandiri dan PT Mandiri Sekuritas dimana Bank                  Bank Mandiri and PT Mandiri Sekuritas in which
           telah memperoleh izin Unit Usaha Syariah                          obtained MUF Sharia Business Unit (“UUS”)                      Mandiri melakukan penyertaan modal sebesar                    the Bank invested capital amounted to Rp9,900,
           (“UUS”) MUF melalui Surat Keputusan Dewan                         license through the Decree Letter of the Board of              Rp9.900 yang mewakili 99% kepemilikan saham                   representing 99% share ownership in MCI and
           Komisioner Otoritas Jasa Keuangan No. KEP-                        Commissioners of the Financial Services Authority              dalam MCI dan PT Mandiri Sekuritas melakukan                  PT Mandiri Sekuritas injected capital amounted to
           36/NB.223/2018     tentang    “Pemberian    Izin                  No. KEP-36/NB.223/2018 regarding “Granting the                 penyertaan modal sebesar Rp100 yang mewakili                  Rp100 which represents a 1% share ownership in
           Pembukaan Unit Usaha Syariah Perusahaan                           License of Opening Sharia Business Unit of                     1% kepemilikan saham dalam MCI, sehingga                      MCI, therefore the capital structure of MCI is
           Pembiayaan kepada PT Mandiri Utama Finance”                       Financing Company to PT Mandiri Utama Finance”                 struktur permodalan MCI adalah sebesar                        amounted to Rp10,000.
           pada tanggal 27 April 2018 yang disampaikan                       dated 27 April 2018 through FSA letter                         Rp10.000.
           melalui surat OJK No. S-626/NB.223/2018                           No. S-626/NB.223/2018 dated 15 May 2018
           tanggal 15 Mei 2018 perihal “Penyampaian                          regarding to “Transmission of copy of License for              Penyertaan modal Bank Mandiri dalam rangka                    Bank Mandiri's equity participation in the
           Salinan Izin Pembukaan Unit Usaha Syariah                         Opening Sharia Business Unit of Financing                      pendirian MCI telah memperoleh persetujuan                    establishment of MCI was approved by the FSA as
                                                                                                                                            Otoritas Jasa Keuangan sebagaimana tercantum                  stated in its letter No. S-48/PB.31/2015 regarding
           Perusahaan Pembiayaan PT Mandiri Utama                            Company to PT Mandiri Utama Finance”. In 2021,
                                                                                                                                            dalam     surat   Otoritas Jasa    Keuangan                   the Application for Approval of Equity Participation
           Finance”. Pada tahun 2021, MUF telah                              MUF has increased its equity allocation for the                No. S-48/PB.31/2015 perihal Permohonan                        of PT Bank Mandiri (Persero) Tbk. for the
           melakukan peningkatan alokasi ekuitas untuk                       Sharia Business Unit (“UUS”) operation from                    Persetujuan Penyertaan Modal PT Bank Mandiri                  Establishment of Venture Capital Company on
           bisnis Unit Usaha Syariah (“UUS”) dari Rp50.000                   Rp50,000 to Rp75,000.                                          (Persero) Tbk. dalam Rangka Pendirian                         11 June 2015.
           menjadi Rp75.000.                                                                                                                Perusahaan Modal Ventura pada tanggal 11 Juni
                                                                                                                                            2015.
           Sesuai dengan kebijakan mengenai Qanun Aceh,                      In accordance with the policy regarding Aceh
           maka MUF pada tanggal 19 November 2021,                           Qanun, on 19 November 2021, MUF has closed                     Pada tanggal 26 Juni 2015, pendirian                          On 26 June 2015, the establishment of MCI was
           telah melakukan penutupan Izin Pembiayaan                         the Conventional Financing License for the Banda               MCI     telah memperoleh pengesahan dari                      approved by the Minister of Law and Human
           Konvensional untuk Kantor Cabang (“KC”) Banda                     Aceh Branch Office (“KC”), but still has Sharia                Menteri      Hukum     dan    Hak      Asasi                  Rights through Letter of Legalization of
           Aceh, namun tetap memiliki Izin Pembiayaan                        Financing License as the Banda Aceh Sharia Unit                Manusia melalui Surat Pengesahan Pendirian                    Establishment No. AHU-2445684.AH.01.01. Year
           Syariah sebagai Kantor Cabang Unit Syariah                        Branch Office (“KC-US”). MUF is domiciled at                   No. AHU-2445684.AH.01.01. Tahun 2015. MCI                     2015. MCI obtained a license to carry out business
                                                                                                                                            telah memperoleh izin untuk melaksanakan                      activities in the venture capital sector on 10
           (“KC-US”) Banda Aceh. MUF berdomisili di                          Menara Mandiri 1, Jalan Jenderal Sudirman Kav.
                                                                                                                                            kegiatan usaha di bidang modal ventura pada                   November 2015 through the Decree Letter of the
           Menara Mandiri 1, Jalan Jenderal Sudirman Kav.                    54-55, South Jakarta 12190.                                    tanggal 10 November 2015 melalui Surat                        Board of Commissioners of the Financial Services
           54-55, Jakarta Selatan 12190.                                                                                                    Keputusan Dewan Komisioner Otoritas Jasa                      Authority No. KEP-113/D.05/2015, therefore MCI
                                                                                                                                            Keuangan No. KEP-113/D.05/2015, sehingga                      may carry out full operational activities.
           Pada tanggal 28 November 2024, Bank Mandiri                       On November 28, 2024, Bank Mandiri has signed                  MCI dapat melaksanakan kegiatan operasional
           telah menandatangani dokumen Akta Jual Beli                       the Share Sale and Purchase Deed No. 44                        secara penuh.
           Saham No. 44 antara Bank Mandiri dengan PT                        between Bank Mandiri and PT Asco Investindo and
           Asco Investindo dan Akta Jual Beli Saham No. 46                   the Share Sale and Purchase Deed No. 46                        MCI memiliki 99,99% dari total saham PT Mitra                 MCI owns 99.99% of the total shares of PT Mitra
           antara Bank Mandiri dengan PT Tunas Ridean.                       between Bank Mandiri and PT Tunas Ridean.                      Transaksi Indonesia yang merupakan pengolah                   Transaksi Indonesia which is a third party
           Sejak ditandatanganinya Akta tersebut, Bank                       Since the signing of the Deed, Bank Mandiri has                pihak ketiga dan penyedia layanan pengakuisisi                processor and acquirer service provider that
           Mandiri memiliki sebesar 99,99% saham yang                        99.99% of the shares from the previous 51%.                    yang menghadirkan proses dan jaringan end-to-                 provides end-to-end processes and networks for
           sebelumnya 51%.                                                                                                                  end untuk solusi pembayaran di Indonesia.                     payment solutions in Indonesia, a Subsidiary of
                                                                                                                                            Entitas Anak MCI yang didirikan tanggal                       MCI which was established on 13 January 2016
                                                                  Jumlah                                                                    13 Januari 2016 dan bergerak di bidang jasa                   and engaged in business support services related
                                                                   tercatat              Selisih                                            penunjang usaha terkait jasa keuangan, secara                 to financial services, specifically financial services
                                                               kepentingan             transaksi                                            khusus     jasa   keuangan     dalam   bidang                 in the field of payment by card.
                                                              nonpengendali          dengan pihak                                           pembayaran dengan menggunakan kartu.
                                               Jumlah         yang dialihkan/       nonpengendali/
                                            imbalan yang          Carrying           Difference in                                          Terakhir, pada tanggal 27 Desember 2022, MCI                  Lastly, on 27 December 2022, MCI had obtained
                                              dialihkan/         amount of           transactions                                           telah memperoleh persetujuan perubahan                        approval for the amendment to the Articles of
                                                 The          non-controlling          with non-                                            Anggaran Dasar terkait peningkatan modal dasar                Association regarding the increase in authorised
                                            consideration         interest            controlling                                           dan modal ditempatkan dari Menteri Hukum dan                  and issued capital by the Minister of Law and
                                             transferred        transferred              parties                                            Hak Asasi Manusia dengan Surat Persetujuan                    Human Rights with Letter of Approval of the
                                                                                                                                            Perubahan     Anggaran    Dasar    No.   AHU-                 Amendments to the Articles of Association No.
           PT Mandiri Utama Finance              1.019.000                713.514         (305.486)    PT Mandiri Utama Finance             0129677.AH.01.02. Tahun 2022 sebagaimana                      AHU-0129677.AH.01.02. Year 2022 as stated in
                                                                                                                                            tertuang di dalam Akta No. 7 tanggal                          Deed No. 7 dated 26 December 2022 in which
           PT Mandiri Capital Indonesia                                      PT Mandiri Capital Indonesia                                   26 Desember 2022 dimana penyertaan saham                      investment in shares of Bank Mandiri amounted to
                                                                                                                                            Bank Mandiri menjadi sebesar Rp3.358.400 yang                 Rp3,358,400        representing   99.99%     share
           Pada tanggal 23 Juni 2015, Bank Mandiri                           On 23 June 2015, Bank Mandiri and PT Mandiri                   mewakili 99,99% kepemilikan saham dalam MCI                   ownership in MCI and PT Mandiri Sekuritas
           bersama PT Mandiri Sekuritas telah mendirikan                     Sekuritas have established new subsidiary                      dan PT Mandiri Sekuritas menjadi sebesar                      amounted to Rp100 representing 0.01% share
           Entitas Anak baru yang bergerak di bidang modal                   engaged in venture capital under the name of                   Rp100 yang mewakili 0,01% kepemilikan saham                   ownership in MCI, therefore MCI's capital structure
                                                                                                                                            dalam MCI, sehingga struktur permodalan MCI                   is Rp3,358,500. MCI is located at Menara Mandiri
           ventura dengan nama PT Mandiri Capital                            PT Mandiri Capital Indonesia ("MCI").
                                                                                                                                            adalah sebesar Rp3.358.500. MCI berlokasi di                  2, 14th floor, Jalan Jenderal Sudirman Kav. 54-55,
           Indonesia (“MCI”).                                                                                                               Menara Mandiri 2, Lantai 14, Jalan Jenderal                   South Jakarta 12190.
                                                                                                                                            Sudirman Kav. 54-55, Jakarta Selatan 12190.




PT BANK MANDIRI (PERSERO) TBK                        1322            43                                                                                                                      132344                                      ANNUAL REPORT 2024
Page 384
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                         PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                               DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED               CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                          FINANCIAL STATEMENTS             KONSOLIDASIAN                                                                                        FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                          31 DECEMBER 2024 AND 2023            31 DESEMBER 2024 DAN 2023                                                                        31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)     (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                      1.     GENERAL INFORMATION (continued)                              1.   INFORMASI UMUM (lanjutan)                                    1.     GENERAL INFORMATION (continued)

                                                                                                                                             h.   Struktur dan manajemen (lanjutan)                              h.   Structure and management (continued)
     h.   Struktur dan manajemen                                          h.   Structure and management
                                                                                                                                                  Untuk mendukung pencapaian aspirasi Bank                            To support Bank Mandiri in achieving its aspiration
          Kantor pusat Bank Mandiri berkedudukan di                            Bank Mandiri’s head office is located at Jalan                     Mandiri, yaitu menjadi partner finansial pilihan                    to be the primary customers' financial partner,
          Jalan Jenderal Gatot Subroto Kavling 36-38                           Jenderal Gatot Subroto Kavling 36-38, South                        utama nasabah, Bank Mandiri mengelompokkan                          Bank Mandiri divided its organisation structure into
          Jakarta Selatan, Indonesia. Pada tanggal                             Jakarta, Indonesia. As of 31 December 2024 and                     unit-unit kerja di struktur organisasinya menjadi 3                 strategic business units (“SBU”) to three major
          31 Desember 2024 dan 2023, struktur dan                              2023, Bank Mandiri’s structure and number of Bank                  kelompok, yaitu: (lanjutan)                                         groups, which are: (continued)
          jumlah kantor dalam dan luar negeri Bank                             Mandiri's domestic and foreign offices are as
                                                                                                                                                  3.   Bisnis & Jaringan yang berfungsi sebagai                       3.   Business & Distribution are responsible as
          Mandiri adalah sebagai berikut:                                      follows:                                                                unit yang melakukan penjualan produk dan                            unit that sell products and services to all
                                                                                                                                                       jasa kepada seluruh segmen nasabah Bank                             segments of Bank’s customers, consisting of
                                                        2024                        2023                                                               Mandiri, terdiri dari 12 Kantor Wilayah yang                        12 Regional Offices that are spread out
                                                                                                                                                       tersebar di seluruh wilayah Indonesia dan                           across Indonesia and wealth management.
          Kantor wilayah dalam negeri                              12                        12             Domestic regional offices                  wealth management.
          Kantor cabang dalam negeri:                                                                           Domestic branches:                Bank Mandiri telah melakukan perubahan                              Bank Mandiri has made changes to the
            Kantor Cabang                                          139                       139                  Branch Offices                  struktur organisasi yang berlaku efektif tanggal                    organisational structure which effective on 24 June
            Kantor Cabang Pembantu                               2.053                     2.104              Sub-Branch Offices                  24 Juni 2024 dan/atau setelah dilakukannya                          2024 and/or after the handover of positions as
                                                                                                                                                  Serah Terima Jabatan sebagaimana tertuang                           stated in the Board of Directors' Decision
          Total kantor cabang dalam negeri                       2.192                     2.243          Total domestic branches                 dalam Keputusan Direksi No. KEP.DIR/051/2024                        No. KEP.DIR/051/2024 dated 17 July 2024
                                                                                                                                                  tanggal 17 Juli 2024 tentang Struktur Organisasi.                   regarding Organisational Structure. Changes in the
                                                                                                                                                  Perubahan struktur organisasi Bank Mandiri                          organisational structure of Bank Mandiri by
          Kantor cabang luar negeri                                 7                         6                 Overseas branches                 tersebut dengan menata ulang organisasi untuk                       rearranging the organisation to meet the needs and
                                                                                                                                                  memenuhi kebutuhan dan perkembangan Bank.                           development of the Bank.

           Pada tanggal 31 Desember 2024, Bank Mandiri                         As of 31 December 2024, Bank Mandiri has 7                         Pada tanggal 31 Desember 2024 dan 2023,                             As of 31 December 2024 and 2023, the members
           memiliki 7 kantor Luar Negeri yang tersebar luas                    Overseas branches located in Singapore,                            susunan Dewan Komisaris Bank Mandiri adalah                         of Bank Mandiri’s Board of Commissioners are as
           di seluruh dunia, meliputi Singapura, Hongkong,                     Hongkong, Shanghai, Cayman Islands, Dili,                          sebagai berikut:                                                    follows:
           Shanghai, Cayman Islands, Dili, London, dan                         London, and Malaysia.                                                                                           2024                         2023
           Malaysia.
                                                                                                                                                  Dewan Komisaris                                                                                  Board of Commissioners
           Untuk mendukung pencapaian aspirasi Bank                            To support Bank Mandiri in achieving its aspiration                Komisaris Utama/                                                                                   President/Independent
           Mandiri, yaitu menjadi partner finansial pilihan                    to be the primary customers' financial partner,                      Independen                   : Muhamad Chatib Basri          Muhamad Chatib Basri                      Commissioner
                                                                                                                                                  Wakil Komisaris                                                                                        Deputy President/
           utama nasabah, Bank Mandiri mengelompokkan                          Bank Mandiri divided its organisation structure into                 Utama/Independen             : Zainudin Amali                Andrinof A. Chaniago         Independent Commissioner
           unit-unit kerja di struktur organisasinya menjadi 3                 strategic business units (“SBU”) to three major                    Komisaris Independen           : Loeke Larasati A.             Loeke Larasati A.              Independent Commissioner
           kelompok, yaitu:                                                    groups, which are:                                                 Komisaris Independen           : Muliadi Rahardja              Muliadi Rahardja               Independent Commissioner
                                                                                                                                                  Komisaris Independen           : Heru Kristiyana               Heru Kristiyana                Independent Commissioner
                                                                                                                                                  Komisaris Independen           :-                              Zainudin Amali                 Independent Commissioner
           1.    Business Units, berfungsi sebagai motor                       1.     Business Units, are responsible as the Bank’s               Komisaris                      : Rionald Silaban               Rionald Silaban                             Commissioner
                 utama pengembangan bisnis Bank atau                                  main business development or operational                    Komisaris                      : Faried Utomo                  Arif Budimanta                              Commissioner
                 unit yang menjadi segmen operasional                                 segment unit (operating segment), consists of               Komisaris                      : Arif Budimanta                Faried Utomo                                Commissioner
                 (Segmen Operasi), yang terdiri dari dua                              two main segments, which are Wholesale                      Komisaris                      : Muhammad Yusuf Ateh           Nawal Nely                                  Commissioner
                 segmen utama yaitu segmen Wholesale                                  Banking segment which consists of Corporate                 Komisaris                      : Tedi Bharata                  Muhammad Yusuf Ateh                         Commissioner
                 Banking yang terdiri dari Corporate                                  Banking, Commercial Banking, Government
                                                                                                                                                  Pada tanggal 31 Desember 2024 dan 2023,                             As of 31 December 2024 and 2023, the members
                 Banking, Commercial Banking, Hubungan                                Institutional, Treasury & International Banking             susunan Direksi Bank Mandiri adalah sebagai                         of Bank Mandiri's Board of Directors are as
                 Kelembagaan, Treasury & International                                and Retail Banking segment which consists of                berikut:                                                            follows:
                 Banking dan segmen Retail Banking terdiri                            Credit Cards, Consumer Loan, Micro Personal
                 dari Credit Cards, Consumer Loans, Micro                             Loan, Small & Medium Enterprise Banking                                                                             2024
                 Personal Loan, Small & Medium Enterprise                             and Micro Development & Agent Banking.
                 Banking dan Micro Development & Agent                                                                                            Direksi                                                                                                Board of Directors
                 Banking.                                                                                                                         Direktur Utama                           : Darmawan Junaidi                                             President Director
                                                                                                                                                  Wakil Direktur Utama                     : Alexandra Askandar                               Deputy of President Director
                                                                                                                                                  Direktur Kepatuhan dan                                                                       Director of Compliance and
           2.    Support Functions, berfungsi sebagai                          2. Support Functions, are responsible as                             SDM                                    :   Agus Dwi Handaya                                       Human Resources
                 supporting    unit   yang     mendukung                          supporting units that provide overall support to                Direktur Corporate Banking               :   Riduan                                       Director of Corporate Banking
                 operasional Bank secara keseluruhan yang                         Bank’s operations consisting of Special Asset                   Direktur Jaringan dan Retail Banking     :   Aquarius Rudianto                   Director of Network and Retail Banking
                 terdiri dari Special Asset Management,                           Management, Risk Management which                               Direktur Operation                       :   Toni E. B. Subari                                      Director of Operation
                 Manajemen Risiko yang membawahi                                  supervises Wholesale Risk and Retail Risk,                      Direktur Hubungan Kelembagaan            :   Rohan Hafas                            Director of Institutional Relationship
                 Wholesale Risk dan Retail Risk, Teknologi                        Information Technology & Operation that                         Direktur Keuangan dan Strategi           :   Sigit Prastowo                            Director of Finance and Strategy
                                                                                                                                                  Direktur Information Technology          :   Timothy Utama                           Director of Information Technology
                 Informasi & Operasi yang membawahi                               supervises Operation, Compliance and                            Direktur Treasury dan                                                                           Director of Treasury and
                 Operation, Kepatuhan dan SDM, Keuangan                           Human Resources, Strategic and Finance,                           International Banking                  : Eka Fitria                                            International Banking
                 dan Strategi, Internal Audit, Corporate                          Internal Audit, Corporate Transformation and                    Direktur Manajemen Risiko                : Danis Subyantoro                                Director of Risk Management
                 Transformation       dan        Business                         Business Transformation.                                        Direktur Commercial Banking              : Totok Priyambodo                             Director of Commercial Banking
                 Transformation.




PT BANK MANDIRI (PERSERO) TBK                           1324             45                                                                                                                             132546                                      ANNUAL REPORT 2024
Page 385
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                  PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                        DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED                CATATAN ATAS LAPORAN KEUANGAN                                                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                        FINANCIAL STATEMENTS              KONSOLIDASIAN                                                                                                       FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                        31 DECEMBER 2024 AND 2023             31 DESEMBER 2024 DAN 2023                                                                                       31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)      (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                              (Expressed in millions of Rupiah, unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                    1.     GENERAL INFORMATION (continued)                               1.   INFORMASI UMUM (lanjutan)                                                   1.     GENERAL INFORMATION (continued)

     h.    Struktur dan manajemen (lanjutan)                             h.   Structure and management (continued)                          h.   Struktur dan manajemen (lanjutan)                                             h.   Structure and management (continued)
           Pada tanggal 31 Desember 2024 dan 2023,                            As of 31 December 2024 and 2023, the members
           susunan Direksi Bank Mandiri adalah sebagai                        of Bank Mandiri's Board of Directors are as                        Pada tanggal 31 Desember 2024 dan 2023,                                            As of 31 December 2024 and 2023, Bank Mandiri’s
           berikut: (lanjutan)                                                follows: (continued)                                               Komite Tata Kelola Terintegrasi Bank Mandiri                                       Integrated Governance Committee are as follows:
                                                                                                                                                 terdiri dari:
                                                                  2023
                                                                                                                                                                                                               2024                           2023
           Direksi                                                                                               Board of Directors
           Direktur Utama                         : Darmawan Junaidi                                             President Director
           Wakil Direktur Utama                   : Alexandra Askandar                                Deputy of President Director               Ketua merangkap anggota                   : Muhamad Chatib Basri        Muhamad Chatib Basri                                     Chairman and member
           Direktur Manajemen Risiko              : Ahmad Siddik Badruddin                           Director of Risk Management                 Anggota                                   : Zainudin Amali              Andrinof A. Chaniago                                                  Member
           Direktur Kepatuhan dan                                                                      Director of Compliance and                Anggota                                   : Loeke Larasati A.           Loeke Larasati A.                                                     Member
             SDM                                  :   Agus Dwi Handaya                                        Human Resources                    Anggota                                   : Muliadi Rahardja            Faried Utomo                                                          Member
           Direktur Commercial Banking            :   Riduan                                      Director of Commercial Banking                 Anggota                                   : Heru Kristiyana             Muhammad Yusuf Ateh                                                   Member
           Direktur Jaringan dan Retail Banking   :   Aquarius Rudianto                    Director of Network and Retail Banking                Anggota                                   : -                           Zainudin Amali                                                        Member
           Direktur Operation                     :   Toni E. B. Subari                                       Director of Operation              Anggota                                   : Taufik Hidayat              Chrisna Pranoto                                                       Member
           Direktur Corporate Banking             :   Susana Indah K. Indriati                      Director of Corporate Banking                Anggota                                   : Rasyid Darajat              Rasyid Darajat                                                        Member
           Direktur Hubungan Kelembagaan          :   Rohan Hafas                                Director of Institutional Relations             Anggota                                   : Perwakilan Komisaris        Perwakilan Komisaris                                                  Member
           Direktur Keuangan dan Strategi         :   Sigit Prastowo                             Director of Finance and Strategy                                                            Independen Bank Mantap*)/ Independen Bank Mantap*)/
           Direktur Information Technology        :   Timothy Utama                            Director of Information Technology                                                            Representative of           Representative of
           Direktur Treasury dan                                                                          Director of Treasury and
                                                                                                                                                                                             Independent Commissioner Independent Commissioner
             International Banking                : Eka Fitria                                             International Banking
                                                                                                                                                                                             Bank Mantap*)               Bank Mantap*)
                                                                                                                                                 Anggota                                   : Perwakilan Komisaris        Perwakilan Komisaris                                                   Member
           Pada tanggal 31 Desember 2024 dan 2023,                            As of 31 December 2024 and 2023, the members
                                                                                                                                                                                             Independen Mansek*)/        Independen Mansek*)/
           Komite Audit Bank Mandiri terdiri dari:                            of Bank Mandiri’s Audit Committee are as follows:
                                                                                                                                                                                             Representative of           Representative of
                                                      2024                          2023                                                                                                     Independent                 Independent
                                                                                                                                                                                             Commissioner Mansek*)       Commissioner Mansek*)
           Ketua merangkap anggota      : Heru Kristiyana                Heru Kristiyana                    Chairman and member                  Anggota                                   : Perwakilan Komisaris        Perwakilan Komisaris                                                   Member
           Anggota                      : Muhamad Chatib Basri           Muhamad Chatib Basri                           Member                                                               Independen AMFS*)/          Independen AMFS*)/
           Anggota                      : Zainudin Amali                 Andrinof A. Chaniago                           Member                                                                Representative of          Representative of
           Anggota                      : Loeke Larasati A.              Loeke Larasati A.                              Member                                                               Independent                 Independent
           Anggota                      : Muliadi Rahardja               Muliadi Rahardja                               Member
                                                                                                                                                                                             Commissioner AMFS*)         Commissioner AMFS*)
           Anggota                      : Rasyid Darajat                 Rasyid Darajat                                 Member
           Anggota                      : Rubi Pertama                   Rubi Pertama                                    Member                  Anggota                                   : Perwakilan Komisaris        Perwakilan Komisaris                                                   Member
                                                                                                                                                                                             Independen MTF*)/           Independen MTF*)/
           Pada tanggal 31 Desember 2024 dan 2023,                            As of 31 December 2024 and 2023, Bank Mandiri’s                                                                Representative of           Representative of
           Komite Remunerasi dan Nominasi Bank Mandiri                        Remuneration and Nomination Committee are as                                                                   Independent                 Independent
           terdiri dari:                                                      follows:                                                                                                       Commissioner MTF*)          Commissioner MTF*)
                                                                                                                                                 Anggota                                   : Perwakilan Komisaris        Perwakilan Komisaris                                                   Member
                                                      2024                          2023                                                                                                     Independen MUF*)/           Independen MUF*)/
                                                                                                                                                                                             Representative of           Representative of
                                                                                                                                                                                             Independent                 Independent
           Ketua merangkap anggota      : Muhamad Chatib Basri           Muhamad Chatib Basri               Chairman and member                                                              Commissioner MU**)          Commissioner MUF*)
           Anggota                      : Muliadi Rahardja               Andrinof A. Chaniago                             Member
                                                                                                                                                 Anggota                                   : Perwakilan Komisaris        Perwakilan Komisaris                                                   Member
           Anggota                      : Rionald Silaban                Muliadi Rahardja                                 Member
           Anggota                      : Arif Budimanta                 Rionald Silaban                                  Member                                                             Independen MCI*)/           Independen MCI*)/
           Anggota                      : Faried Utomo                   Arif Budimanta                                   Member                                                             Representative of           Representative of
           Anggota                      : Muhammad Yusuf Ateh            -                                                Member                                                             Independent                 Independent
           Anggota                      : Tedi Bharata                   -                                                Member                                                             Commissioner MCI*)          Commissioner MCI*)
           Sekretaris (ex-officio)                                                                            Secretary (ex-officio)             Anggota                                   : -                           Perwakilan Komisaris                                                   Member
             merangkap anggota          : SEVP/Group Head                SEVP/Group Head                  concurrently a member                                                                                          Independen Inhealth*)/
                                          Human Capital                  Human Capital                                                                                                                                   Representative of
                                                                                                                                                                                                                         Independent
           Pada tanggal 31 Desember 2024 dan 2023,                            As of 31 December 2024 and 2023, Bank Mandiri’s
                                                                                                                                                                                                                         Commissioner Inhealth*)
           Komite Pemantau Risiko Bank Mandiri terdiri                        Risk Oversight Committee are as follows:
           dari:                                                                                                                                 Anggota                                   : Perwakilan Komisaris BSI*)/ Perwakilan Komisaris BSI*)/                                            Member
                                                                                                                                                                                             Representative of           Representative of
                                                      2024                          2023                                                                                                     Independent                 Independent
                                                                                                                                                                                             Commissioner BSI*)          Commissioner BSI*)
           Ketua merangkap anggota      : Muliadi Rahardja               Andrinof A. Chaniago                Chairman and member                 Anggota                                   : Dewan Pengawas Syariah Dewan Pengawas Syariah                                                      Member
           Anggota                      : Loeke Larasati A.              Loeke Larasati A.                                Member                                                             dari Entitas Anak*)/        dari Entitas Anak*)/
           Anggota                      : Arif Budimanta                 Nawal Nely                                       Member                                                             Sharia Supervisory          Sharia Supervisory
           Anggota                      : Heru Kristiyana                Arif Budimanta                                   Member                                                             Board from Subsidiary*)     Board from Subsidiary*)
           Anggota                      : Tedi Bharata                   Heru Kristiyana                                  Member
           Anggota                      : Taufik Hidayat                 Chrisna Pranoto                                  Member                 *)
                                                                                                                                                      Menyesuaikan dengan Pejabat dari Entitas Anak terkait.                        *) Adjusted to the Officers of the relevant Subsidiaries.

           Anggota                      : Caroline Halim                 Caroline Halim                                   Member



PT BANK MANDIRI (PERSERO) TBK                           1326           47                                                                                                                                             132748                                                       ANNUAL REPORT 2024
Page 386
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                   PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                         DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED              CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS            KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                     31 DECEMBER 2024 AND 2023           31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)    (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                 1.     GENERAL INFORMATION (continued)                             2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                     2.     MATERIAL ACCOUNTING POLICY INFORMATION
                                                                                                                                       (lanjutan)                                                        (continued)
     h.    Struktur dan manajemen (lanjutan)                          h.   Structure and management (continued)
                                                                                                                                       a.   Dasar    penyusunan        laporan    keuangan               a.   Basis of preparation of the consolidated
           Cakupan manajemen dan karyawan kunci antara                     Management and key personnel includes the
                                                                                                                                            konsolidasian (lanjutan)                                          financial statements (continued)
           lain mencakup Dewan Komisaris, Direksi, Komite                  Board of Commissioners, Board of Directors, Audit
           Audit dan Komite Pemantau Risiko, Dewan                         Committee and Risk Oversight Committee, Sharia
           Pengawas Syariah serta Senior Executive Vice                    Supervisory Board as well as Senior Executive                    Laporan arus kas konsolidasian disusun dengan                     Consolidated statements of cash flows are
           President, Senior Vice President, Area Head,                    Vice President, Senior Vice President, Area Head,                menggunakan        metode     langsung    dengan                  prepared using the direct method by classifying
           Kepala Kantor Cabang KC dan Kepala Kantor                       KC Branch Manager and Overseas Branch                            mengelompokkan arus kas dalam aktivitas-                          cash flows in operating, investing and financing
           Cabang Luar Negeri.                                             Manager.                                                         aktivitas operasional, investasi dan pendanaan.                   activities.

           Pada tanggal 31 Desember 2024 Ketua Internal                    As of 31 December 2024, the Head of Bank                         Pos-pos dalam penghasilan komprehensif lainnya                    Items within other comprehensive income are
           Audit Bank Mandiri adalah Adi Pranantias dan                    Mandiri's Internal Audit is Adi Pranantias and as of             disajikan terpisah antara akun-akun yang akan                     classified separately, between accounts which will
           pada tanggal 31 Desember 2023, Ketua Internal                   31 December 2023, the Head of Bank Mandiri's                     direklasifikasikan ke laba rugi dan akun-akun                     be reclassified to profit or loss and will not be
           Audit Bank Mandiri adalah Danis Subyantoro.                     Internal Audit is Danis Subyantoro.                              yang tidak akan direklasifikasikan ke laba rugi.                  reclassified to profit or loss.

           Pada tanggal 31 Desember 2024 dan 2023                          As of 31 December 2024 and 2023 Bank Mandiri's                   Laporan keuangan Entitas Anak yang bergerak                       The financial statement of a Subsidiary engaged in
           Sekretaris Perusahaan Bank Mandiri adalah                       Corporate Secretary was Teuku Ali Usman.                         dalam bidang perbankan syariah disusun                            sharia banking have been prepared based on with
           Teuku Ali Usman.                                                                                                                 berdasarkan PSAK 401 (Revisi 2019) tentang                        the Statement of Financial Accounting Standards
                                                                                                                                            “Penyajian Laporan Keuangan Syariah”, PSAK                        (SFAS) No. 401 (Revised 2016), “Presentation of
           Jumlah karyawan Bank Mandiri pada tanggal                       The number of Bank Mandiri employees as of                       402     (Revisi   2019)   tentang    “Akuntansi                   Financial Statements for Sharia Banking”, SFAS
           31 Desember 2024 sebanyak 38.898 orang                          31 December 2024 was 38,898 persons                              Murabahah”, PSAK 404 (Revisi 2016) tentang                        No. 402 (Revised 2019) “Accounting for
           (2023: sebanyak 38.965 orang) (tidak diaudit).                  (2023: 38,965 persons) (unaudited).                              “Akuntansi Istishna”, PSAK 405 tentang                            Murabahah”, SFAS No. 404 (Revised 2016)
                                                                                                                                            “Akuntansi Mudharabah”, PSAK 406 tentang                          “Accounting     for  Istishna”,  SFAS      No. 405
                                                                                                                                            “Akuntansi Musyarakah”, PSAK 407 (Revisi                          ”Accounting for Mudharabah”, SFAS No. 406
2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                    2.     MATERIAL ACCOUNTING POLICY INFORMATION                                2021) tentang “Akuntansi Ijarah”, PSAK 410                        “Accounting for Musyarakah”, SFAS No. 407
                                                                                                                                            (Revisi 2015) tentang “Akuntansi Sukuk”, PSAK                     (Revised 2021) “Accounting for Ijarah”, SFAS
     Laporan     keuangan konsolidasian Bank dan                      The consolidated financial statements of Bank and                     411 tentang “Akuntansi Wa’d”, PSAK 412 Revisi                     No. 410 (Revised 2015) “Accounting for Sukuk”,
     Entitas Anak (“Grup”) ini diselesaikan dan                       its Subsidiaries (“Group”) were completed and                         (2021) tentang “Akuntansi Wakaf” dan PSAK lain                    SFAS No. 411 “Accounting for Wa’d”, SFAS
     disetujui untuk diterbitkan oleh Direksi pada tanggal            authorised for issuance by the Board of Directors on                  selama tidak bertentangan dengan prinsip                          No. 412 (Revised 2021) "Accounting for Wakaf"
     5 Februari 2025.                                                 5 February 2025.                                                      syariah dan Pedoman Akuntansi Perbankan                           and other prevailing Statement of Financial
                                                                                                                                            Syariah Indonesia (PAPSI) (Revisi 2013).                          Accounting Standards, as long as it does not
                                                                                                                                                                                                              contradict with Sharia principle on Accounting
     Laporan keuangan konsolidasian disusun dan                       The consolidated financial statements have been
                                                                                                                                                                                                              Guidelines for Indonesian Sharia Banking (PAPSI)
     disajikan sesuai dengan Standar Akuntansi Keuangan               prepared and presented in accordance with the
                                                                                                                                                                                                              (Revised 2013).
     di Indonesia yang mencakup Pernyataan dan                        Indonesian Financial Accounting Standards which
     Interpretasi yang dikeluarkan oleh Dewan Standar                 comprised of the Statements and Interpretations issued
                                                                                                                                            Penyusunan laporan keuangan sesuai dengan                         The preparation of financial statements in
     Akuntansi Keuangan Ikatan Akuntan Indonesia dan                  by the Board of Financial Accounting Standards of the
                                                                                                                                            Standar Akuntansi Keuangan di Indonesia                           accordance with Indonesian Financial Accounting
     Dewan Standar Akuntansi Syariah Ikatan Akuntan                   Indonesian Institute of Accountants and Board of
                                                                                                                                            mengharuskan penggunaan estimasi dan asumsi.                      Standards that requires the use of estimates and
     Indonesia serta peraturan regulator pasar modal yaitu            Sharia Accounting Standards of the Indonesian Institute
                                                                                                                                            Hal tersebut juga mengharuskan manajemen                          assumptions. It also requires management to make
     Peraturan No. VIII.G.7 tentang Penyajian dan                     of Accountants and capital market regulation
                                                                                                                                            untuk membuat pertimbangan dalam proses                           judgements in the process of applying the
     Pengungkapan Laporan Keuangan Emiten atau                        No.    VIII.G.7   regarding   Financial    Statements
                                                                                                                                            penerapan kebijakan akuntansi Grup. Area yang                     accounting policies of the Group. The area that is
     Perusahaan Publik.                                               Presentation and Disclosure for Issuer or Public
                                                                                                                                            kompleks atau memerlukan tingkat pertimbangan                     complex or requires a higher level of consideration
                                                                      Companies.
                                                                                                                                            yang lebih tinggi atau area di mana asumsi dan                    or areas where assumptions and estimates could
                                                                                                                                            estimasi dapat berdampak signifikan terhadap                      have a significant impact on the consolidated
     a.    Dasar    penyusunan        laporan    keuangan             a.   Basis of preparation       of   the   consolidated
                                                                                                                                            laporan keuangan konsolidasian diungkapkan di                     financial statements is disclosed in Note 3.
           konsolidasian                                                   financial statements
                                                                                                                                            Catatan 3.
           Kebijakan akuntansi utama yang diterapkan                       The principal accounting policies adopted in
                                                                                                                                            Seluruh angka dalam laporan keuangan                              All figures in the consolidated financial statements,
           dalam       penyusunan     laporan keuangan                     preparing the consolidated financial statement of
                                                                                                                                            konsolidasian ini, dibulatkan dan disajikan dalam                 are rounded and presented in millions Rupiah
           konsolidasian Bank dan Entitas Anak adalah                      the Bank and Subsidiaries are set out below.
                                                                                                                                            jutaan Rupiah (“Rp”), kecuali dinyatakan lain.                    (“Rp”), unless otherwise stated.
           seperti dijabarkan di bawah ini.

          Laporan     keuangan     konsolidasian   disusun                 The consolidated financial statements have been             b.   Perubahan kebijakan akuntansi                               b.    Changes in accounting policies
          berdasarkan harga perolehan, kecuali untuk aset                  prepared under the historical cost, except for
          keuangan yang diklasifikasikan dalam kelompok                    financial assets classified as fair value through                Kecuali dinyatakan di bawah ini, kebijakan                        Unless stated below, the accounting policies for
          nilai wajar melalui penghasilan komprehensif lain,               other comprehensive income, financial assets and                 akuntansi pada dan untuk tahun yang berakhir                      the year ended 31 December 2024 have been
          aset dan liabilitas keuangan yang diukur pada                    liabilities measured at fair value through profit or             pada tanggal 31 Desember 2024 telah diterapkan                    applied consistently with the Group consolidated
                                                                                                                                            secara konsisten dengan laporan keuangan                          financial statements for the year ended
          nilai wajar melalui laba rugi dan seluruh                        loss and all derivative instruments which have
                                                                                                                                            konsolidasian Grup untuk tahun yang berakhir                      31 December 2023 which are in accordance with
          instrumen derivatif yang diukur berdasarkan nilai                been measured at fair value. The consolidated
                                                                                                                                            tanggal 31 Desember 2023 yang telah sesuai                        Indonesian Financial Accounting Standards.
          wajar. Laporan keuangan konsolidasian disusun                    financial statement is prepared under the accrual
                                                                                                                                            dengan Standar Akuntansi Keuangan di
          berdasarkan akuntansi berbasis akrual, kecuali                   basis of accounting, except for the consolidated
                                                                                                                                            Indonesia.
          laporan arus kas konsolidasian.                                  statements of cash flows.




PT BANK MANDIRI (PERSERO) TBK                         1328          49                                                                                                                          132950                                      ANNUAL REPORT 2024
Page 387
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                     PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                           DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED                CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS              KONSOLIDASIAN                                                                                        FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                     31 DECEMBER 2024 AND 2023             31 DESEMBER 2024 DAN 2023                                                                        31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)      (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)


2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                    2.     MATERIAL ACCOUNTING POLICY INFORMATION                        2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                       2.     MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                       (continued)                                                        (lanjutan)                                                          (continued)

     b.    Perubahan kebijakan akuntansi (lanjutan)                  b.   Changes in accounting policies (continued)                     c.   Instrumen keuangan                                             c. Financial instruments

           Pada tanggal 1 Januari 2024, terdapat standar                  On 1 January 2024, there are new and revised or                     A.   Aset keuangan                                                 A.   Financial assets
           baru dan penyesuaian atau amendemen                            amendment towards several standards that are
           terhadap beberapa standar yang masih berlaku                   relevant to the Group operation which is effective                       Grup mengklasifikasikan aset keuangannya                           The Group classified its financial assets in the
           yang relevan dengan operasi Grup yang berlaku                  for application from that date as follows:                               dalam kategori (a) aset keuangan yang                              following categories (a) financial assets
           efektif sejak tanggal tersebut yaitu sebagai                                                                                            diukur pada nilai wajar melalui laba rugi, (b)                     measured at fair value through profit or loss,
           berikut:                                                                                                                                aset keuangan yang diukur pada nilai wajar                         (b) financial assets measured at fair value
                                                                                                                                                   melalui penghasilan komprehensif lain dan                          through other comprehensive income, and (c)
           Ͳ   Kerangka Standar Pelaporan Keuangan                        Ͳ    Indonesia Financial Reporting Standard                              (c) aset keuangan yang diukur pada biaya                           financial assets measured at amortised cost.
               Indonesia (“KSPKI”) dan perubahan nomor                         Framework (“KSPKI”) and amendement to                               perolehan diamortisasi.
               PSAK dan ISAK dalam Standar Akuntansi                           SFAS and IFAS number. KSPKI regulate the
               Keuangan Indonesia (sebelumnya Standar                          SFAS pillars, criteria and shifting between                         Grup memiliki instrumen keuangan utang                             The Group has debt financial instruments and
               Akuntansi Keuangan). KSPKI mengatur pilar                       pillars that apply in Indonesia, while                              dan instrumen keuangan ekuitas. Grup                               equity financial instruments. The Group further
               SAK yang berlaku di Indonesia, kriteria, dan                    amendement to SFAS and IFAS number                                  selanjutnya mengukur semua investasi                               measures all equity investments at fair value.
               perpindahan antar pilar SAK, sedangkan                          determine the number for SFAS and IFAS                              ekuitas pada nilai wajar. Saat pengakuan                           On initial recognition, the Group may make an
               perubahan nomor mengatur ketentuan                              which refering to IFRS Accounting Standards,                        awal, Grup dapat membuat pilihan yang tak                          irrevocable choice to subsequent changes in
               penomoran PSAK dan ISAK yang mengacu                            local accounting standards, and sharia                              terbatalkan untuk menyajikan perubahan                             the fair value of investments in equity
               pada IFRS Accounting Standards, lokal, dan                      accounting standards.                                               selanjutnya pada nilai wajar investasi dalam                       instruments in other comprehensive income.
               syariah.                                                                                                                            instrumen ekuitas dalam penghasilan
                                                                                                                                                   komprehensif lain.
           Ͳ   Amendemen PSAK 201 tentang “Penyajian                      Ͳ   Amendments to SFAS No. 201 on
               Laporan Keuangan” terkait “Liabilitas Jangka                   “Presentation       of   Financial      Statements”                  Grup menggunakan 2 (dua) dasar untuk                               The Group used 2 (two) methods to classify its
               Panjang dengan Kovenan”.          Penerapan                    regarding       “Non-Current        Liabilites with                  mengklasifikasikan aset keuangan yaitu                             financial assets, which based on the Group’s
               amendemen       tersebut   sesuai     dengan                   Covenant”. The implementation in accordance                          model bisnis Grup dalam mengelola aset                             business model in managing the financial
               perubahan tanggal berlaku efektifnya                           with the amended effective date of SFAS No.                          keuangan dan karakteristik arus kas                                asset, and the contractual cash flow of the
               Amendemen PSAK 201 tentang “Penyajian                          201 Amendments on “Presentation of                                   kontraktual pembayaran pokok dan bunga                             financial assets Solely Payment of Principal
               Laporan Keuangan” terkait “Klasifikasi                         Financial Statements” for “Classification of                         (Solely Payment of Principal and Interest                          and interest (“SPPI”).
               Liabilitas sebagai Jangka Pendek atau                          Liabilites as Current or Non-current” from                           (“SPPI”)) dari aset keuangan.
               Jangka Panjang” yang sebelumnya berlaku                        effective on 1 January 2023 to 1 January
               efektif sejak 1 Januari 2023 menjadi                           2024. This amendment determine the                                   Pengujian SPPI                                                     SPPI test
               1 Januari 2024. Amendemen tersebut                             requirements to classify liabilities as current
               menentukan          persyaratan         untuk                  liabilities or non current liabilities.                              Sebagai langkah pertama dari proses                                As a first step of its classification process, the
               mengklasifikasikan kewajiban sebagai lancar                                                                                         klasifikasi,  Grup   menilai  persyaratan                          Group assesses the contractual terms of
               atau tidak lancar.                                                                                                                  kontraktual keuangan untuk mengidentifikasi                        financial to identify whether they meet the
                                                                                                                                                   apakah mereka memenuhi pengujian SPPI.                             SPPI test.
           Ͳ   Amendemen PSAK 116 tentang “Sewa”                          Ͳ   Amendments to SFAS No. 116 on “Lease” for
               terkait Liabilitas Sewa dalam Jual dan Sewa-                   Lease Liability in a Sale and Leaseback. This                        Pokok pinjaman untuk tujuan pengujian ini                          Principal, for the purpose of this test is defined
               Balik. Amendemen tersebut mengadopsi                           amendment adopts all the regulations in                              didefinisikan sebagai nilai wajar dari aset                        as the fair value of the financial asset at initial
               seluruh pengaturan dalam Amendemen                             IFRS 16 Amendment on “Lease” regarding                               keuangan pada pengakuan awal dan dapat                             recognition and may change over the life of
               IFRS 16 tentang “Lease” terkait “Lease                         “Lease Liability in a Sale and Leaseback”.                           berubah selama umur aset keuangan                                  the financial asset (for example, if there are
               Liability in a Sale and Leaseback”.                                                                                                 (misalnya, jika ada pembayaran pokok atau                          repayments of principal or amortisation of the
                                                                                                                                                   amortisasi premi/diskon).                                          premium/discount).
           Ͳ   Amendemen PSAK 207 dan PSAK 107                            Ͳ    Amendments to SFAS No. 207 and SFAS No.
               tentang pengaturan pembiayaan pemasok.                          107 on “Supplier Financing And Revenue                              Elemen bunga yang paling signifikan dalam                          The most significant element of interest within
               Amendemen PSAK 207 dan PSAK 107                                 Recognition”. Amendments to SFAS No. 207                            perjanjian      kredit  biasanya      adalah                       a credit contract are typically the consideration
               merujuk pada seluruh pengaturan dalam                           and SFAS No. 107 refer to all arrangements in                       pertimbangan atas nilai waktu dari uang dan                        for the time value of money and credit risk. To
               amandemen ke IAS 7 dan IFRS 7 tentang                           the amendments to IAS 7 and IFRS 7                                  risiko kredit. Untuk membuat penilaian SPPI,                       perform the SPPI assessment, the Group
               “Supplier Finance Arrengements”.                                regarding "Supplier Finance Arrangements."                          Grup menerapkan pertimbangan dan                                   applies judgement and considers relevant
                                                                                                                                                   memperhatikan faktor-faktor yang relevan                           factors such as the currency in which the
           Dampak atas penerapan standar baru dan                         The impact of the implementation of the new
                                                                                                                                                   seperti mata uang dimana aset keuangan                             financial asset is denominated, and the period
           penyesuaian atau amendemen tersebut di atas                    standards and the adjustments/amendments
                                                                                                                                                   didenominasikan dan periode pada saat                              for which the interest rate is set.
           tidak material terhadap laporan keuangan                       mentioned above are not material to the Group’s
                                                                                                                                                   suku bunga ditetapkan.
           konsolidasian Grup.                                            consolidated financial statements.




PT BANK MANDIRI (PERSERO) TBK                         1330          51                                                                                                                              133152                                        ANNUAL REPORT 2024
Page 388
          FINANCIAL STATEMENTS 2024


                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                                     PT BANK MANDIRI (PERSERO) Tbk.
                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                           DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED              CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                        FINANCIAL STATEMENTS            KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                        31 DECEMBER 2024 AND 2023           31 DESEMBER 2024 DAN 2023                                                                       31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)    (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

                                                                                                                                     2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                      2.     MATERIAL ACCOUNTING POLICY INFORMATION
2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                       2.     MATERIAL ACCOUNTING POLICY INFORMATION                           (lanjutan)                                                         (continued)
     (lanjutan)                                                          (continued)
                                                                                                                                          c.   Instrumen keuangan (lanjutan)                                 c. Financial instruments (continued)
     c.    Instrumen keuangan (lanjutan)                                 c. Financial instruments (continued)
                                                                                                                                               A.   Aset keuangan (lanjutan)                                     A.   Financial assets (continued)
           A.   Aset keuangan (lanjutan)                                     A.   Financial assets (continued)
                                                                                                                                                    Penilaian model bisnis (lanjutan)                                 Business model assessment (continued)
                Penilaian model bisnis                                            Business model assessment
                                                                                                                                                    (a) Aset keuangan yang diukur pada nilai                          (a) Financial assets measured at fair value
                Grup    menentukan      model   bisnisnya                         The Group determines its business model at                            wajar melalui laba rugi (lanjutan)                                through profit or loss (continued)
                berdasarkan     tingkat    yang    paling                         the level that best reflects how the group                            Klasifikasi ini ditujukan untuk instrumen                         This classification is intended for held for
                mencerminkan bagaimana Grup mengelola                             manages a group of financial assets to                                keuangan        yang      dimiliki   untuk                        trading financial instruments or at the time
                kelompok atas aset keuangannya untuk                              achieve its business objective.                                       diperdagangkan        atau    pada    saat                        of initial recognition has been determined
                mencapai tujuan bisnisnya.                                                                                                              pengakuan awal telah ditetapkan oleh                              by the Group to be measured at fair value
                                                                                                                                                        Grup untuk diukur pada nilai wajar                                through profit or loss.
                Model bisnis Grup tidak dinilai berdasarkan                       The Group’s business model is not assessed                            melalui laba rugi.
                masing-masing instrumennya, tetapi pada                           by each instrument, but at a higher level of
                tingkat portofolio secara agregat yang lebih                      aggregated portfolios and is based on                                 Aset keuangan dikategorikan sebagai                               A financial asset is classified as held for
                tinggi dan didasarkan pada faktor-faktor                          observable factors such as:                                           dimiliki untuk diperdagangkan jika                                trading, if it has been acquired or held
                yang dapat diamati seperti:                                                                                                             diperoleh atau dimiliki terutama untuk                            principally for the purpose of selling or
                                                                                                                                                        tujuan dijual atau dibeli kembali dalam                           buying in the near term or on initial
                Ͳ     Bagaimana kinerja model bisnis dan                          Ͳ   How the performance of the business                               waktu dekat atau jika merupakan bagian                            recognition it is part of a portfolio of
                      aset keuangan yang dimiliki dalam                               model and the financial assets held within                        dari portofolio instrumen keuangan                                identified financial instruments that the
                                                                                                                                                        tertentu yang dikelola bersama dan                                entity manages together and has a recent
                      model bisnis tersebut dievaluasi dan                            that business model are evaluated and
                                                                                                                                                        terdapat bukti mengenai pola ambil                                actual pattern of short-term profit-taking.
                      dilaporkan kepada personel manajemen                            reported to the entity’s key management                           untung dalam jangka pendek yang
                      kunci;                                                          personnel;                                                        terkini.
                Ͳ     Risiko yang mempengaruhi kinerja                            Ͳ   The risks that affect the performance of
                      model bisnis (dan aset keuangan yang                            the business model (and the financial                             Untuk entitas anak asuransi, aset                                 Financial assets for subsidiary in
                      dimiliki dalam model bisnis tersebut) dan                       assets held within that business model)                           keuangan dikategorikan sebagai aset                               insurance industry classified at fair value
                      khususnya, bagaimana cara risiko                                and, in particular the way those risks are                        keuangan diukur pada nilai wajar                                  through profit or loss if the financial assets
                      tersebut dikelola;                                              managed;                                                          melalui laba rugi, jika dimiliki untuk                            are held to cover its insurance liabilities
                Ͳ     Bagaimana           manajer        bisnis                   Ͳ   How       business      managers       are                        mencadangkan       liabilitas asuransi                            which measure at fair value of the
                      dikompensasi       (misalnya,     apakah                        compensated (for example, whether the                             yang diukur pada nilai wajar dari aset                            underlying assets. Financial instruments
                      kompensasi didasarkan pada nilai wajar                          compensation is based on the fair value                           terkait. Instrumen keuangan yang                                  classified   into    this     category     are
                      dari aset yang dikelola atau pada arus                          of the assets managed or on the                                   dikelompokkan ke dalam kategori ini                               recognised at fair value on initial
                      kas kontraktual yang tertagih);                                 contractual cash flows collected);                                diakui pada nilai wajarnya pada saat                              recognition,    transaction       costs    are
                Ͳ     Frekuensi, nilai dan waktu penjualan                        Ͳ   The expected frequency, value, and                                pengakuan awal. Biaya transaksi diakui                            recognised directly in the consolidated
                      yang diharapkan, juga merupakan                                 timing of sales are also important aspects                        secara langsung ke dalam laporan laba                             statements of profit or loss and other
                      aspek penting dari penilaian Grup.                              of the Group’s assessment.                                        rugi dan penghasilan komprehensif lain                            comprehensive income.
                                                                                                                                                        konsolidasian.
                Penilaian model bisnis didasarkan pada                            The business model assessment is based on                             Keuntungan dan kerugian yang timbul                               Gains and losses arising from changes in
                skenario yang diharapkan secara wajar                             reasonably expected scenarios without taking                          dari perubahan nilai wajar, penjualan                             fair value, sale of financial instruments
                tanpa mempertimbangkan skenario “worst                            “worst case” or “stress case” scenarios into                          instrumen keuangan dan pendapatan                                 and interest income on financial
                case” atau “stress case”. Jika arus kas                           account. If cash flows after initial recognition                      bunga    dari    instrumen   keuangan                             instruments measured at fair value
                setelah pengakuan awal direalisasikan                             are realised in a way that is different from the                      dalam kelompok nilai wajar melalui                                through profit or loss are recognised in
                dengan cara yang berbeda dari yang awal                           Group’s initial expectations, the Group does                          laba rugi dicatat di akun pendapatan                              the consolidated statements of profit or
                diharapkan, Grup tidak mengubah klasifikasi                       not change the classification of the remaining                        dari kelompok nilai wajar melalui                                 loss and other comprehensive income
                aset keuangan dimiliki yang tersisa dalam                         financial assets held in that business model,                         laba rugi - neto pada laporan laba rugi                           recorded as income from fair value
                model bisnis tersebut, tetapi memasukkan                          but incorporates such information when                                dan penghasilan komprehensif lain                                 through profit or loss classification - net.
                informasi    tersebut    dalam  melakukan                         assessing newly originated or newly                                   konsolidasian.
                penilaian atas aset keuangan yang baru atau                       purchased financial assets going forward.
                yang baru dibeli selanjutnya.                                                                                                       (b) Aset keuangan yang diukur pada nilai                          (b) Financial assets measured at fair value
                                                                                                                                                        wajar melalui penghasilan komprehensif                            through other comprehensive income
                                                                                                                                                        lain
                (a)   Aset keuangan yang diukur pada nilai                        (a) Financial assets measured at fair value
                      wajar melalui laba rugi                                         through profit or loss                                            Aset keuangan dikelola dalam model                                Financial assets are managed in a
                                                                                                                                                        bisnis yang tujuannya akan terpenuhi                              business model which objectives will be
                      Aset keuangan diukur pada nilai wajar                           Financial assets are measured at fair                             dengan     mendapatkan      arus    kas                           fulfilled by obtaining contractual cash
                      melalui laba rugi kecuali tes model                             value through profit or loss unless the                           kontraktual dan menjual aset keuangan                             flows and selling financial assets and
                      bisnis dan tes arus kas kontraktual                             business model test and the contractual                           dan persyaratan kontraktual dari aset                             contractual requirements of financial
                      menunjukkan bahwa aset keuangan                                 cash flow test show that financial assets                         keuangan yang pada tanggal tertentu                               assets which on a certain date received
                      masuk ke dalam klasifikasian diukur                             entering into classifications are measured                        memperoleh arus kas yang semata dari                              cash flow solely from payment of principal
                      pada biaya perolehan diamortisasi atau                          at amortised cost or fair value through                           pembayaran pokok dan bunga (solely                                and interest of the amount owed.
                      nilai  wajar     melalui penghasilan                            other comprehensive income.                                       payments of principal and interest) dari
                      komprehensif lain.                                                                                                                jumlah pokok terutang.




                                                                                                                                                                                                           54
PT BANK MANDIRI (PERSERO) TBK                            1332          53                                                                                                                            1333                                        ANNUAL REPORT 2024
Page 389
          FINANCIAL STATEMENTS 2024


                                             PT BANK MANDIRI (PERSERO) Tbk.                                                                                                      PT BANK MANDIRI (PERSERO) Tbk.
                                        DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                            DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED              CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS            KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                         31 DECEMBER 2024 AND 2023           31 DESEMBER 2024 DAN 2023                                                                         31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)    (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                        2.     MATERIAL ACCOUNTING POLICY INFORMATION                      2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                        2.     MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                           (continued)
                                                                                                                                           (lanjutan)                                                           (continued)
     c.    Instrumen keuangan (lanjutan)                                  c. Financial instruments (continued)
                                                                                                                                           c.   Instrumen keuangan (lanjutan)                                   c. Financial instruments (continued)
           A.   Aset keuangan (lanjutan)                                      A.   Financial assets (continued)
                                                                                                                                                A.   Aset keuangan (lanjutan)                                       A.   Financial assets (continued)
                Penilaian model bisnis (lanjutan)                                  Business model assessment (continued)

                (b) Aset keuangan yang diukur pada nilai                           (b) Financial assets measured at fair value                       Penilaian model bisnis (lanjutan)                                   Business model assessment (continued)
                    wajar melalui penghasilan komprehensif                             through other comprehensive income
                    lain (lanjutan)                                                    (continued)                                                   (c) Aset keuangan yang diukur pada biaya                            (c) Financial assets measured at amortised
                                                                                                                                                         perolehan diamortisasi (lanjutan)                                   cost (continued)
                      Pada      saat   pengakuan      awalnya,                         At the initial recognition, debt instruments
                      instrumen utang yang diukur pada nilai                           measured at fair value through other                              Pada saat pengakuan awal, aset                                       At initial recognition, the financial assets
                      wajar melalui penghasilan komprehensif                           comprehensive income are recognised at                            keuangan yang diukur pada biaya                                      measured at amortised cost are
                      lain diakui pada nilai wajarnya ditambah                         the fair value plus the transaction costs
                                                                                                                                                         perolehan diamortisasi diakui pada nilai                             recognised at the fair value plus the
                      biaya transaksi dan selanjutnya diukur                           and subsequently measured at fair value
                      pada nilai wajarnya dimana keuntungan                            where the gain or loss from changes in                            wajarnya ditambah biaya transaksi dan                                transaction costs and subsequently
                      atau kerugian atas perubahan nilai                               fair value, gain or loss from the exchange                        selanjutnya diukur pada biaya perolehan                              measured at amortised cost by using the
                      wajar, keuntungan atau kerugian atas                             rate, and impairment, are recognised as                           diamortisasi dengan menggunakan suku                                 effective interest rate.
                      selisih kurs dan kerugian penurunan                              other comprehensive income. Dividend                              bunga efektif.
                      nilai, diakui sebagai penghasilan                                from equity instrument is recognised in
                      komprehensif      lain.   Dividen    dari                        profit or loss.                                                   Pendapatan bunga dari aset keuangan                                  Interest income from financial assets
                      instrumen ekuitas diakui di dalam pos                                                                                              yang diukur pada biaya perolehan                                     measured at amortised cost is recorded
                      laba rugi.                                                                                                                         diamortisasi dicatat dalam laporan laba                              in the consolidated statements of profit or
                                                                                                                                                         rugi dan penghasilan komprehensif lain                               loss and other comprehensive income
                      Kerugian kredit ekspektasian diakui                              Expected credit losses are recognised as                          konsolidasian dan diakui sebagai                                     and is recognised as "Interest income".
                      sebagai penambah dari penghasilan                                additions of other comprehensive income                           “Pendapatan bunga”. Ketika penurunan                                 When the decline in value occurs, the
                      komprehensif lain di dalam laporan                               in the statement of financial position (not
                                                                                                                                                         nilai terjadi, kerugian penurunan nilai                              impairment loss is recognised as a
                      posisi keuangan (tidak mengurangi                                reducing the number of recorded financial
                                                                                                                                                         diakui sebagai pengurang dari nilai                                  deduction to the carrying amount of the
                      jumlah tercatat aset keuangan dalam                              assets in financial statements). Interest
                      laporan keuangan). Pendapatan bunga                              income is calculated using the effective                          tercatat aset keuangan dan diakui di                                 financial asset and is recognised in the
                      dihitung menggunakan metode suku                                 interest rate method.                                             dalam laporan keuangan konsolidasian                                 financial statements as "Allowance for
                      bunga efektif.                                                                                                                     sebagai      “Pembentukan     cadangan                               impairment losses".
                                                                                                                                                         kerugian penurunan nilai”.
                      Grup selanjutnya mengukur semua                                  The Group further measures all equity
                      investasi ekuitas pada nilai wajar. Jika                         investments at fair value. If Group                           Pengakuan                                                           Recognition
                      manajemen Grup telah memilih untuk                               management has chosen to present fair
                      menyajikan keuntungan dan kerugian                               value gains and losses on equity                              Bank menggunakan akuntansi tanggal                                  The Bank use transactions date record to
                      nilai wajar atas investasi ekuitas dalam                         investments in other comprehensive                            perdagangan untuk mencatat transaksi efek-                          transactions in securities and government
                      penghasilan komprehensif lain, tidak                             income, there is no reclassification of fair                  efek dan obligasi pemerintah.                                       bonds.
                      ada reklasifikasi keuntungan dan                                 value gains and losses to profit or loss
                      kerugian nilai wajar ke laba rugi setelah                        upon derecognition of those investments.
                                                                                                                                                B.   Liabilitas keuangan                                            B.   Financial liabilities
                      penghentian      pengakuan       investasi                       Dividends from equity instruments are
                      tersebut. Dividen dari instrumen ekuitas                         recognised in profit or loss.
                      diakui di dalam pos laba rugi.                                                                                                 Grup mengklasifikasikan liabilitas keuangan                         The Group classifies its financial liabilities into
                                                                                                                                                     dalam kategori (a) liabilitas keuangan yang                         the category of (a) financial liabilities
                (c)   Aset keuangan yang diukur pada biaya                         (c) Financial assets measured at amortised                        diukur pada nilai wajar melalui laba rugi dan;                      measured at fair value through profit or loss
                      perolehan diamortisasi                                           cost                                                          (b) liabilitas keuangan yang diukur dengan                          and; (b) financial liabilities measured at
                                                                                                                                                     biaya perolehan diamortisasi.                                       amortised cost.
                      Aset keuangan diukur pada biaya                                  Financial assets are measured at
                      perolehan       diamortisasi   jika   aset                       amortised cost if the financial asset is                      (a) Liabilitas keuangan yang diukur pada nilai                      (a) Financial liabilities measured at fair value
                      keuangan dikelola dalam model bisnis                             managed in a business model to obtain a                           wajar melalui laba rugi                                             through profit or loss
                      yang bertujuan untuk memiliki aset                               contractual cash flow and the contractual
                      keuangan dalam rangka mendapatkan                                arrangement of a financial asset at                               Kategori ini terdiri dari dua sub-kategori:                         This category comprises of two sub-
                      arus kas kontraktual dan persyaratan                             certain date to obtain cash flow solely                           liabilitas   keuangan       diklasifikasikan                        categories: financial liabilities classified as
                      kontraktual dari aset keuangan yang                              from payments of principal and interest of
                                                                                                                                                         sebagai nilai wajar melalui laba rugi dan                           fair value through profit or loss and
                      pada tanggal tertentu memperoleh arus                            the amount owed.
                      kas semata dari pembayaran pokok dan                                                                                               liabilitas keuangan yang pada saat                                  financial liabilities designated by the
                      bunga (solely payments of principal and                                                                                            pengakuan awal telah ditetapkan oleh                                Group as at fair value through profit or
                      interest) dari jumlah pokok terutang.                                                                                              Grup untuk diukur pada nilai wajar                                  loss upon initial recognition.
                                                                                                                                                         melalui laba rugi.




                                                                        55                                                                                                                                    56
PT BANK MANDIRI (PERSERO) TBK                             1334                                                                                                                                          1335                                         ANNUAL REPORT 2024
Page 390
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                       PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                             DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED                CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS              KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                       31 DECEMBER 2024 AND 2023             31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)      (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)


2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                      2.     MATERIAL ACCOUNTING POLICY INFORMATION                        2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                     2.     MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                         (continued)                                                        (lanjutan)                                                        (continued)

                                                                                                                                           c.   Instrumen keuangan (lanjutan)                                c. Financial instruments (continued)
     c.    Instrumen keuangan (lanjutan)                                c. Financial instruments (continued)
                                                                                                                                                B.   Liabilitas keuangan (lanjutan)                              B. Financial liabilities (continued)
           B.   Liabilitas keuangan (lanjutan)                              B. Financial liabilities (continued)
                                                                                                                                                     (b) Liabilitas keuangan yang diukur dengan                       (b) Financial liabilities at amortised cost
                (a) Liabilitas keuangan yang diukur pada                        (a) Financial liabilities measured at fair value                         biaya perolehan diamortisasi
                    nilai wajar melalui laba rugi (lanjutan)                        through profit or loss (continued)
                                                                                                                                                         Grup       mengklasifikasikan   seluruh                          The Group classifies all financial liabilities
                    Liabilitas    keuangan    diklasifikasikan                       A financial liability is classified as fair                         liabilitas keuangan sehingga setelah                             after initial recognition as measured at
                    sebagai nilai wajar melalui laba rugi jika                       value through profit or loss, if it is                              pengakuan awal liabilitas keuangan                               amortised cost, except:
                                                                                                                                                         diukur      pada     biaya    perolehan
                    diperoleh terutama untuk tujuan dijual                           acquired or incurred principally for the
                                                                                                                                                         diamortisasi, kecuali:
                    atau dibeli kembali dalam waktu dekat                            purpose of selling or repurchasing it in the
                    atau jika merupakan bagian dari                                  near term or if it is part of a portfolio of                        1.   Liabilitas keuangan yang diukur                              1.   Financial liabilities measured at fair
                    portofolio instrumen keuangan tertentu                           identified financial instruments that are                                pada nilai wajar melalui laba rugi;                               value through profit or loss;
                    yang dikelola bersama dan terdapat                               managed together and for which there is                             2.   Liabilitas keuangan yang timbul                              2.   Financial liabilities that arise when a
                    bukti mengenai pola ambil untung dalam                           evidence of a recent actual pattern of                                   ketika pengalihan aset keuangan                                   transfer of a financial asset does not
                    jangka pendek yang terkini. Derivatif                            short-term profit-taking. Derivatives are                                tidak memenuhi syarat penghentian                                 qualify for derecognition or when the
                    diklasifikasikan sebagai liabilitas nilai                        also categorised as fair value through                                   pengakuan atau ketika pendekatan                                  continuing involvement approach is
                                                                                                                                                              keterlibatan           berkelanjutan                              applied;
                    wajar melalui laba rugi kecuali                                  profit or loss liabilities unless they are
                                                                                                                                                              diterapkan;
                    ditetapkan dan efektif sebagai instrumen                         designated and effective as hedging                                 3.   Kontrak jaminan keuangan;                                    3.   Financial guarantee contracts;
                    lindung nilai arus kas.                                          instruments.                                                        4.   Komitmen      untuk    menyediakan                           4.   Commitment to provide loans at
                                                                                                                                                              pinjaman dengan suku bunga di                                     below market interest rates;
                    Keuntungan dan kerugian yang timbul                              Gains and losses arising from changes in                                 bawah pasar;
                    dari perubahan nilai wajar liabilitas                            fair value of financial liabilities classified                      5.   Imbalan kontijensi yang akan                                 5.   Contingent reward recognised by the
                    keuangan yang diklasifikasikan sebagai                           as fair value through profit or loss are                                 diselesaikan dengan kas, dimana                                   acquirer in the business combination.
                    nilai wajar melalui laba rugi dicatat                            recorded in the consolidated statements                                  Grup bertindak selaku pihak
                    dalam     laporan      laba rugi    dan                          of profit or loss and other comprehensive                                pengakuisisi     dalam     kombinasi
                                                                                                                                                              bisnis.
                    penghasilan        komprehensif     lain                         income as income from fair value through
                    konsolidasian sebagai pendapatan dari                            profit or loss - net. Interest expense from                         Pada saat pengakuan awal, liabilitas                             At initial recognition, financial liabilities at
                    kelompok nilai wajar melalui laba rugi -                         financial liability classified as trading are                       keuangan yang diukur dengan biaya                                amortised cost measured at fair value are
                    neto. Beban bunga dari liabilitas                                recorded as income from fair value                                  perolehan diamortisasi diukur pada nilai                         deducted by transaction cost. After initial
                    keuangan diklasifikasikan sebagai nilai                          through profit or loss - net.                                       wajar dikurangi biaya transaksi. Setelah                         recognition, the Group measures all
                    wajar melalui laba rugi dicatat di akun                                                                                              pengakuan awal, Grup mengukur                                    financial liabilities at amortised cost using
                    pendapatan dari kelompok nilai wajar                                                                                                 seluruh liabilitas keuangan yang diukur                          the effective interest rate method.
                    melalui laba rugi - neto.                                                                                                            dengan biaya perolehan diamortisasi                              Effective interest rate amortisation is
                                                                                                                                                         dengan menggunakan metode suku                                   recognised as “Interest expense”.
                                                                                                                                                         bunga efektif. Amortisasi suku bunga
                    Jika Grup pada pengakuan awal telah                              If the Group designated certain debt                                efektif diakui sebagai “Beban bunga”.
                    menetapkan instrumen utang tertentu                              securities upon initial recognition as at fair
                    sebagai nilai wajar melalui laba rugi                            value through profit or loss (fair value                   C.   Penghentian pengakuan                                       C.   Derecognition
                    (opsi nilai wajar), maka selanjutnya,                            option), then this designation cannot be
                    penetapan ini tidak dapat diubah.                                changed subsequently.                                           Penghentian Pengakuan Aset Keuangan                              Derecognition of Financial Assets

                    Perubahan nilai wajar terkait dengan                             Changes of fair value related to financial                      Penghentian pengakuan aset keuangan                              Financial assets are derecognised when the
                    liabilitas keuangan yang ditetapkan                              liabilities designated at fair value through                    dilakukan ketika hak kontraktual atas arus                       contractual rights to receive the cash flows
                                                                                                                                                     kas yang berasal dari aset keuangan                              from these assets have expired or matured or
                    untuk diukur pada nilai wajar melalui                            profit or loss are recognised in income
                                                                                                                                                     tersebut berakhir, atau ketika aset keuangan                     the assets have been transferred and
                    laba rugi diakui di dalam pendapatan                             from fair value through profit or loss - net.                   tersebut telah ditransfer dan secara                             substantially all the risks and rewards of
                    dari kelompok nilai wajar melalui laba                           Interest expense from financial liabilities                     substansial seluruh risiko dan manfaat atas                      ownership of the assets are also transferred
                    rugi - neto. Beban bunga dari liabilitas                         designated at fair value through profit or                      kepemilikan aset tersebut telah ditransfer                       (if substantially all the risks and rewards have
                    keuangan yang ditetapkan untuk diukur                            loss are recorded as income from fair                           (jika, secara substansial seluruh risiko dan                     not been transferred, the Group evaluates to
                    pada nilai wajar melalui laba rugi dicatat                       value through profit or loss - net.                             manfaat tidak ditransfer, maka Grup                              ensure that continuing involvement on the
                    di akun pendapatan dari kelompok nilai                                                                                           melakukan evaluasi untuk memastikan                              basis of any retained powers of control does
                    wajar melalui laba rugi - neto.                                                                                                  keterlibatan berkelanjutan atas kendali yang                     not prevent derecognition).
                                                                                                                                                     masih dimiliki tidak mencegah penghentian
                                                                                                                                                     pengakuan).



                                                                      57                                                                                                                                   58
PT BANK MANDIRI (PERSERO) TBK                           1336                                                                                                                                         1337                                         ANNUAL REPORT 2024
Page 391
          FINANCIAL STATEMENTS 2024


                                             PT BANK MANDIRI (PERSERO) Tbk.                                                                                                     PT BANK MANDIRI (PERSERO) Tbk.
                                        DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                           DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED                CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS              KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023             31 DESEMBER 2024 DAN 2023                                                                         31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)      (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                     2.     MATERIAL ACCOUNTING POLICY INFORMATION                        2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                        2.     MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                        (continued)                                                        (lanjutan)                                                           (continued)
                                                                                                                                          c.   Instrumen keuangan (lanjutan)                                   c. Financial instruments (continued)
     c.    Instrumen keuangan (lanjutan)                               c. Financial instruments (continued)
                                                                                                                                               D.   Modifikasi atas arus kas aset keuangan                         D.   Modification of financial assets cash flow
           C.   Penghentian pengakuan (lanjutan)                           C.   Derecognition (continued)
                                                                                                                                                    Penilaian      apakah     modifikasi    atau                        An assessment of whether a financial asset
                Penghentian Pengakuan Aset Keuangan                             Derecognition       of     Financial      Assets                    restrukturisasi atas suatu aset keuangan                            has     been     modified     or    restructured
                (lanjutan)                                                      (continued)                                                         menghasilkan atau tidak menghasilkan                                substantially or not substantially derecognised
                                                                                                                                                    penghentian pengakuan, dilakukan oleh unit                          is carried out by a business unit whose
                                                                                                                                                    bisnis     yang     berwenang     melakukan                         authorised to modify or restructure financial
                Agunan yang diserahkan oleh Grup di dalam                       Collateral that is submitted by the Group under                     restrukturisasi aset keuangan tersebut.                             assets.
                perjanjian efek-efek yang dijual dengan janji                   the agreement of securities sold under
                untuk dibeli kembali dan transaksi securities                   agreements to repurchase and securities                             Grup mengakui aset keuangan dimodifikasi                            Modifications or restructuring to financial
                lending dan borrowing tidak dihentikan                          lending and borrowing transactions are not                          atau direstrukturisasi secara substansial dan                       assets are considered substantial and the
                pengakuannya       karena     Grup     secara                   derecognised because the Group substantially                        menghasilkan       penghentian       pengakuan                      Group will cease to recognize the original
                substansial masih memiliki seluruh risiko dan                   has all the risks and benefits of the collateral,                   ketika:                                                             financial assets when:
                                                                                                                                                    (a) aset     keuangan       (atau    bagiannya)                     (a) the financial asset (or portion thereof)
                manfaat atas agunan tersebut, berdasarkan                       based on the requirement that the repurchase                             berakhir, yaitu jika debitur secara hukum                           expires, that is, if the debtor is legally
                kesepakatan bahwa harga pembelian                               price that has been determined at the                                    dibebaskan dari tanggung jawab utama                                released from primary responsibility for
                kembali telah ditentukan di awal, sehingga                      beginning, so that the criteria for derecognition                        atas aset tersebut (atau bagiannya),                                the asset (or any portion thereof), either
                kriteria penghentian pengakuan tidak                            are not met.                                                             baik melalui proses hukum maupun oleh                               by legal process or by the creditor
                terpenuhi.                                                                                                                               kreditur pembuatan kontrak kredit baru                              entering into a new credit contract (for
                                                                                                                                                         (sebagai      contoh,       opsi     equity                         example, the equity conversion option); or
                Aset keuangan yang dialihkan kepada pihak                       Financial assets that are transferred to third                           conversion); atau
                                                                                                                                                    (b) terdapat konversi mata uang.                                    (b) there is a currency conversion.
                ketiga tetapi tidak memenuhi syarat                             parties but do not qualify for derecognition
                penghentian pengakuan disajikan di dalam                        criteria are presented in the consolidated                          Grup menilai apakah modifikasi atau                                 The Group will measure the substantially and
                laporan posisi keuangan konsolidasian                           statements of financial position as “Other                          restrukturisasi atas suatu aset keuangan                            not substantially modified financial assets as
                sebagai “Aset lain-lain - Tagihan atas efek-                    assets - Receivables from securities and                            menghasilkan atau tidak menghasilkan                                follows:
                efek dan obligasi pemerintah yang                               government bonds pledged as collateral”,                            penghentian pengakuan dengan cara
                diagunkan”, dimana pihak penerima memiliki                      which the recipient has the right to sell or                        berikut:
                hak untuk menjual atau mentransfer kembali.                     transfer back.                                                      (a) Modifikasi     aset    keuangan      yang                       (a) Substantial   Modification    of   Financial
                                                                                                                                                        menghasilkan penghentian pengakuan                                  Assets
                Penghentian           Pengakuan    Liabilitas                   Derecognition of Financial Liabilities                                  aset keuangan
                Keuangan                                                                                                                                1. Saat arus kas kontraktual atas aset                              1.   When the contractual cashflow on a
                                                                                                                                                            keuangan direstrukturisasi atau                                      financial asset is restructured or
                Penghentian pengakuan liabilitas keuangan                       Financial liabilities are derecognised when the                             dimodifikasi (antara lain ketika                                     modified (including when a credit is
                dilakukan jika liabilitas keuangan tersebut                     financial liabilities have expired because the                              kredit direstrukturisasi) dimana                                     restructured) and the restructuring or
                telah berakhir karena kewajiban yang                            obligations specified in the contract have been                             restrukturisasi     atau    modifikasi                               modification results in derecognition
                                                                                                                                                            tersebut menghasilkan penghentian                                    of the financial asset, therefore the
                ditetapkan dalam kontrak telah dilepaskan,                      released, canceled or expired or if there is a                              pengakuan aset keuangan, Grup                                        Group will record the financial asset
                dibatalkan atau kedaluwarsa atau apabila                        substantial change in the terms of a financial                              akan mencatat aset keuangan                                          as a new/modified financial asset on
                terdapat perubahan yang substansial dalam                       liability, the financial liability contract before                          tersebut sebagai aset keuangan                                       the modification/restructuring date.
                persyaratan suatu liabilitas keuangan, maka                     the change will be written off and the Group                                baru/modifikasian pada tanggal
                kontrak    liabilitas   keuangan    sebelum                     will recognize the new financial liability.                                 modifikasi/restrukturisasi.
                perubahan akan dihapus dan Grup akan                                                                                                    2. Selisih nilai tercatat aset keuangan                             2.   The difference between the gross
                mengakui liabilitas keuangan baru.                                                                                                          sebelum modifikasi/restrukturisasi                                   amount of the initial financial assets
                                                                                                                                                            dengan nilai wajar aset setelah                                      and the fair value of the modified or
                Hapusbuku                                                       Write-offs                                                                  modifikasi/restrukturisasi diakui di                                 restructuring assets recorded as profit
                                                                                                                                                            laba rugi.                                                           or loss.
                                                                                                                                                        3. Pendapatan atau biaya transaksi                                  3.   Transaction income or costs incurred
                Dalam hal penghapusbukuan aset keuangan                         In the case of financial assets’ write-off is a                             yang terjadi sehubungan dengan                                       in connection with a modification
                merupakan      kelanjutan  dari   tindakan                      continuation of the financial assets’ settlement                            kejadian modifikasi diakui sebagai                                   event recognised as part of gain or
                penyelesaian aset keuangan dengan cara                          by taking over collaterals, the written-off                                 bagian dari keuntungan atau                                          loss on the modification.
                pengambilalihan agunan, maka jumlah yang                        amount is approximately equal to the                                        kerugian atas modifikasi tersebut.
                dihapusbuku adalah sebesar selisih kurang                       difference between the fair value of                                    4. Grup melakukan penilaian apakah                                  4.   Group assess whether new/modified
                antara nilai wajar agunan yang diambil alih                     repossessed assets after taking into account                                aset keuangan baru/modifikasian                                      financial assets are assets originating
                setelah memperhitungkan taksiran biaya                          the financial assets’ cost of sales and carrying                            merupakan aset yang berasal dari                                     from impaired financial assets or
                penjualan dengan nilai tercatat aset                            amount.                                                                     aset keuangan memburuk atau                                          Purchased or Originated Credit-
                                                                                                                                                            Purchased or Originated Credit-                                      Impaired (“POCI”) Financial Asset.
                keuangan.                                                                                                                                   Impaired (“POCI”) Financial Asset.
                                                                                                                                                        5. Pengakuan pendapatan bunga atas                                  5.   Recognition of interest income on
                Aset keuangan dapat dihapusbuku apabila                         Financial assets can be written-off when the                                aset yang berasal dari aset                                          assets originating from Impaired
                cadangan kerugian penurunan nilai telah                         allowance for impairment losses have been                                   keuangan memburuk ditentukan                                         financial assets is calculated based
                dibentuk 100%.                                                  100% established.                                                           berdasarkan suku bunga efektif                                       on an effective interest rate adjusted
                                                                                                                                                            yang telah disesuaikan dengan                                        for credit risk (risk-adjusted effective
                Penghapusbukuan        dilakukan  secara                        Full write-off is done to the financial assets’                             risiko kredit (risk-adjusted effective                               interest rate) to discount the cash
                keseluruhan terhadap nilai tercatat aset                        carrying amount by debiting the allowance for                               interest rate) untuk mendiskontokan                                  flows of modified financial assets.
                keuangan dengan mendebit cadangan                               impairment losses.                                                          arus kas aset keuangan yang telah
                                                                                                                                                            dimodifikasi.
                kerugian penurunan nilai.



                                                                     59                                                                                                                                      60
PT BANK MANDIRI (PERSERO) TBK                          1338                                                                                                                                            1339                                       ANNUAL REPORT 2024
Page 392
          FINANCIAL STATEMENTS 2024


                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                                     PT BANK MANDIRI (PERSERO) Tbk.
                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                           DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED               CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                        FINANCIAL STATEMENTS             KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                        31 DECEMBER 2024 AND 2023            31 DESEMBER 2024 DAN 2023                                                                     31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)     (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                       2.     MATERIAL ACCOUNTING POLICY INFORMATION                       2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                    2.     MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                          (continued)                                                       (lanjutan)                                                       (continued)

     c.    Instrumen keuangan (lanjutan)                                 c. Financial instruments (continued)                              c.   Instrumen keuangan (lanjutan)                               c. Financial instruments (continued)

           D.   Modifikasi atas arus kas aset keuangan                       D.   Modification of financial assets cash flow                    E.   Reklasifikasi aset keuangan (lanjutan)                     E.   Reclassification     of     financial    assets
                (lanjutan)                                                        (continued)                                                                                                                        (continued)
                                                                                                                                                     Perubahan model bisnis sifatnya harus                           Changes in the business model should
                Grup menilai apakah modifikasi atau                               The Group will measure the substantially and                       berdampak secara signifikan terhadap                            significantly impact the Group's operational
                restrukturisasi atas suatu aset keuangan                          not substantially modified financial assets as                     kegiatan    operasional    Grup    seperti                      activities such as acquiring, disposal or
                menghasilkan atau tidak menghasilkan                              follows (continued):                                               memperoleh, melepaskan, atau mengakhiri                         discontinued a line of business. In addition,
                penghentian pengakuan dengan cara berikut                                                                                            suatu lini bisnis. Selain itu, Grup perlu                       the Group needs to prove the change of
                (lanjutan):                                                                                                                          membuktikan adanya perubahan tersebut                           business model to external parties.
                                                                                                                                                     kepada pihak eksternal.
                (b) Modifikasi aset keuangan yang tidak                           (b) Non-Substantial Modification of Financial
                    menghasilkan penghentian pengakuan                                Assets                                                         Grup akan mereklasifikasi seluruh aset                          The Group will reclassify all financial assets
                    aset keuangan                                                                                                                    keuangan yang terkena dampak dari                               impacted by changes in the business model.
                    1. Saat Grup melakukan renegosiasi                                1.   When the Group renegotiates or                            perubahan model bisnis. Perubahan tujuan                        The changes of the Group’s business model
                        atau modifikasi arus kas kontraktual                               modifies contractual cash flows of                        model bisnis Grup harus berdampak                               must occur before the reclassification date.
                        atas aset keuangan (antara lain                                    financial assets (including when loans                    sebelum tanggal reklasifikasi.
                        ketika kredit direstrukturisasi) yang                              are restructured) that do not meet the
                        tidak memenuhi kriteria modifikasi                                 criteria for substantial modification of                  Yang bukan merupakan perubahan model                            The following are not considered as change in
                        aset keuangan yang substansial di                                  financial     assets     above,      the                  bisnis adalah:                                                  business model:
                        atas, maka restrukturisasi atau                                    restructuring or modification does not                    (a) perubahan intensi berkaitan dengan                          (a) the change of intention related to certain
                                                                                                                                                          aset keuangan tertentu (bahkan dalam                           financial assets (even in situations of
                        modifikasi        tersebut        tidak                            result in derecognition of the financial                       situasi perubahan signifikan dalam                             significant changes in market conditions).
                        menghasilkan             penghentian                               assets.                                                        kondisi pasar).
                        pengakuan aset keuangan.                                                                                                     (b) hilangnya sementara pasar tertentu                          (b) temporary loss of certain markets for
                    2. Jumlah       tercatat    bruto      aset                       2.   The gross carrying amount of financial                         untuk aset keuangan.                                           financial assets.
                        keuangan dihitung sebesar nilai kini                               assets is computed at the net present                     (c) pengalihan aset keuangan antara                             (c) the transfer of financial assets between
                        (net present value) dari arus kas                                  value of modified or restructured                              bagian dari Grup dengan model bisnis                           parts of the Group and different business
                        neto     kontraktual    yang      telah                            contractual cash flows, discounted at                          berbeda.                                                       models.
                        dimodifikasi atau direstrukturisasi                                the initial effective interest rate.
                        yang didiskontokan menggunakan                                                                                               Dampak reklasifikasi aset keuangan                              Impact of reclassificaton of financial assets
                        suku bunga efektif awal.
                    3. Grup         kemudian         mengakui                         3.   The Group then recognizes the gain                        Grup menerapkan reklasifikasi secara                            The Group applies the reclassifications
                        keuntungan atau kerugian dari                                      or loss from the modification (i.e the                    prospektif dari tanggal reklasifikasi. Grup                     prospectively from the reclassification date.
                        modifikasi       (yaitu        sebesar                             change in the gross carrying amount                       tidak menyajikan kembali keuntungan,                            The Groups does not restate gain, losses
                        perubahan jumlah tercatat bruto                                    of the financial asset) in the profit or                  kerugian    (termasuk   keuntungan     atau                     (including gains and impairment losses), or
                        aset keuangan) dalam laporan laba                                  loss.                                                     kerugian penurunan nilai), atau bunga yang                      previously recognised interest.
                        rugi.                                                                                                                        diakui sebelumnya.
                    4. Pendapatan atau biaya transaksi                                4.   Transaction income or costs incurred
                                                                                                                                                     Dampak reklasifikasi aset keuangan pada                         The impact of reclassification of financial asset
                        yang terjadi sehubungan dengan                                     in connection with a modification                         laba rugi atau ekuitas dan pengukuran                           on profit or loss or equity and its initial
                        kejadian modifikasi diakui sebagai                                 event       are    recognised    as an                    awalnya adalah sebagai berikut:                                 measurement is as follows:
                        penyesuaian       terhadap      jumlah                             adjustment to the carrying amount of
                        tercatat aset keuangan yang telah                                  the modified financial asset and                                 Reklasifikasi/
                        dimodifikasi     dan       diamortisasi                            amortised over the remaining term of                                                        Dampak                Dampak                    Nilai Tercatat Awal
                                                                                                                                                           Reclassification           Terhadap              Terhadap
                        selama sisa jangka waktu aset                                      the modified financial asset using the                                                                                                     Setelah Reklasifikasi/
                        keuangan modifikasian tersebut                                     initial effective interest rate.                                                          Laba Rugi/              Ekuitas/            Initial Carrying Amount After
                                                                                                                                                          Dari/          Ke/          Impact to             Impact to
                        dengan menggunakan suku bunga                                                                                                     From           To                                                              Reclassification
                        efektif awal.                                                                                                                                               Profit or Loss            Equity
                    5. Selisih antara jumlah tercatat bruto                           5.   The difference between the gross                                                                                                 1.   Nilai wajar pada tanggal
                        aset keuangan sebelum dan                                          carrying amount of a financial asset                                                                                                  reklasifikasi menjadi jumlah
                        sesudah         modifikasi         atau                            before and after modification or                                                                                                      tercatat bruto yang baru./
                        restrukturisasi     diakui     sebagai                             restructuring is recognised as a gain                                                                                                 Fair value at the reclassification
                        kerugian atau keuntungan aset                                      or loss of the modified financial asset,                                                                                              date becomes the new gross
                        keuangan       modifikasian,      yang                             which is an adjustment to the initial                                     Amortised     -                 -                           carrying amount.
                        merupakan penyesuaian terhadap                                     gross carrying amount and is                                               Cost                                                  2.   Suku bunga efektif ditentukan
                        jumlah tercatat bruto awal dan                                     amortised over the remaining term of                                                                                                  pada dasar nilai wajar aset pada
                                                                                                                                                                                                                                 tanggal reklasifikasi./
                        diamortisasi selama sisa jangka                                    the financial asset using the initial                                                                                                 Effective interest rate is
                        waktu aset keuangan dengan                                         effective interest rate (unwinding                                                                                                    determined at the fair value of the
                        menggunakan suku bunga efektif                                     interest).                                                 FVPL                                                                       asset at reclassification date.
                        awal (unwinding interest).                                                                                                                                                                          1.   Aset keuangan tetap diukur pada
                                                                                                                                                                                                                                 nilai wajarnya./
           E.   Reklasifikasi aset keuangan                                  E.   Reclassification of financial assets                                                                                                           Financial assets is measured at
                                                                                                                                                                                                                                 fair value.
                Grup diperkenankan untuk melakukan                                The Group is allowed to reclassify the financial                                                                                          2.   Suku bunga efektif ditentukan
                reklasifikasi atas aset keuangan yang dimiliki                    assets owned if the Group changes the                                              FVOCI         -                 -                           pada dasar nilai wajar aset pada
                jika Grup mengubah model bisnis untuk                             business model for managing the financial                                                                                                      tanggal reklasifikasi./
                pengelolaan aset keuangan dan Grup tidak                          assets and the Group is not allowed to                                                                                                         Effective interest rate is
                diperkenankan untuk melakukan reklasifikasi                       reclassify the financial liabilities.                                                                                                          determined at the fair value of the
                atas liabilitas keuangan.                                                                                                                                                                                        asset at reclassification date.



                                                                       61                                                                                                                                 62
PT BANK MANDIRI (PERSERO) TBK                            1340                                                                                                                                      1341                                        ANNUAL REPORT 2024
Page 393
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                         PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                               DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED               CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS             KONSOLIDASIAN                                                                                        FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                         31 DECEMBER 2024 AND 2023            31 DESEMBER 2024 DAN 2023                                                                        31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)     (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                        2.     MATERIAL ACCOUNTING POLICY INFORMATION                       2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                       2.     MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                           (continued)                                                       (lanjutan)                                                          (continued)

     c.    Instrumen keuangan (lanjutan)                                  c. Financial instruments (continued)                              c.   Instrumen keuangan (lanjutan)                                  c. Financial instruments (continued)

           E.   Reklasifikasi aset keuangan (lanjutan)                        E.   Reclassification     of     financial      assets             F.   Klasifikasi atas instrumen keuangan                           F.   Classification of financial instruments
                                                                                   (continued)
                                                                                                                                                      Grup mengklasifikasikan aset keuangan ke                           The Group classifies the financial instruments
                Dampak reklasifikasi        aset       keuangan                    Impact of reclassificaton of financial assets
                (lanjutan)                                                         (continued)                                                        dalam klasifikasi tertentu sesuai dengan                           into classes in accordance with the results of
                                                                                                                                                      hasil    pengujian    model     bisnis     dan                     business model testing and contractual
                Dampak reklasifikasi aset keuangan pada                            The impact of reclassification of financial asset                  karakteristik arus kas kontraktual. Klasifikasi                    cashflow characteristics. The classification of
                laba rugi atau ekuitas dan pengukuran                              on profit or loss or equity and its initial                        aset keuangan dapat dilihat pada tabel di                          financial instrument can be seen in the table
                awalnya adalah sebagai berikut (lanjutan):                         measurement is as follows (continued):                             bawah ini:                                                         below:

                       Reklasifikasi/                Dampak               Dampak
                      Reclassification                                                                Nilai Tercatat Awal                                                Klasifikasi/Classification                                      Golongan/Class
                                                    Terhadap            Terhadap                     Setelah Reklasifikasi/
                                                   Laba Rugi/             Ekuitas/              Initial Carrying Amount After                                                                                              Efek-efek/Marketable securities
                     Dari/            Ke/           Impact to            Impact to
                     From             To         Profit or Loss            Equity                       Reclassification
                                                                                                                                                                                                                           Obligasi Pemerintah/Government bonds
                                               Selisih antara                                                                                                                    Aset keuangan yang diukur pada
                                                  nilai tercatat                                                                                                                   nilai wajar melalui laba rugi           Tagihan derivatif (tidak terkait lindung nilai)/
                                                  sebelum                                                                                                                                                                    Derivative receivables - non hedging
                                                  reklasifikasi                                                                                                                    (FVPL)/Financial assets
                                                  dan nilai wajar                                                                                                                  measured at fair value through            related
                                                  setelah                                  Nilai wajarnya diukur pada tanggal                                                      profit or loss (FVPL)
                                                  reklasifikasi./                                                                                                                                                          Kredit yang diberikan/Loans
                                 FVPL             Difference in     -                         reklasifikasi./Fair value is measured
                                                  carrying                                    at reclassification date.
                                                                                                                                                                                                                           Penyertaan saham/Investments in shares
                                                  amount before
                                                  reclassification
                                                  and fair                                                                                                                                                                 Efek-efek/Marketable securities
                                                  value after                                                                                                                    Aset keuangan yang diukur pada
                 Amortised                        reclassification.                                                                                                                nilai wajar melalui penghasilan         Obligasi Pemerintah/Government bonds
                  Cost                                              Selisih antara         1.   Nilai wajarnya diukur pada                                                         komprehensif lainnya (FVOCI)/
                                                                      nilai tercatat            tanggal reklasifikasi./                                                            Financial assets measured
                                                                      sebelum                   Fair value is measured at                                                                                                  Kredit yang diberikan/Loans
                                                                      reklasifikasi             reclassification date.                                                             at fair value through other
                                                                      dan nilai wajar      2.   Suku bunga efektif dan                                                             comprehensive income (FVOCI)
                                                                                                                                                                                                                           Penyertaan saham/Investments in shares
                                                                      setelah                   pengukuran kerugian kredit
                                 FVOCI          -                     reklasifikasi./           ekspektasian tidak perlu                               Aset keuangan/                                                      Giro pada Bank Indonesia/Current accounts
                                                                      Difference in             disesuaikan./
                                                                      carrying                  Effective interest rate and                              Financial assets                                                     with Bank Indonesia
                                                                      amount before             expected credit loss is not                                                                                                Giro pada bank lain/
                                                                      reclassification          adjusted.                                                                                                                  Current accounts with other banks
                                                                      and fair value
                                                                      after                                                                                                                                                Penempatan pada Bank Indonesia dan bank
                                                                      reclassification.                                                                                                                                       lain/Placements with Bank Indonesia and
                                                                    Keuntungan atau       1.    Nilai wajar pada tanggal                                                                                                      other banks
                                                                     kerugian                   reklasifikasi menjadi jumlah
                                                                                                tercatat bruto yang baru ditambah                                                                                          Tagihan lainnya - transaksi perdagangan/
                                                                     kumulatif                                                                                                   Aset keuangan yang diukur pada
                                                                                                atau dikurangi keuntungan atau                                                                                                Other receivables - trade transaction
                                                                     dihapus dari               kerugian kumulatif sebelumnya./                                                    biaya perolehan diamortisasi
                                                                     ekuitas dan                                                                                                                                           Efek-efek/Marketable securities
                                                                                                Fair value at the reclassification                                                 (Amortised Cost)/Financial
                                                                     disesuaikan                                                                                                                                           Obligasi Pemerintah/Government bonds
                                                                     terhadap nilai             date becomes the new gross                                                         assets measured at amortised
                                                                                                carrying amount by added or                                                                                                Tagihan atas efek-efek yang dibeli dengan
                                 Amortised                           wajar./                                                                                                       cost (Amortised Cost)
                                  Cost             -                 Cumulative                 deducted the previous cumulative                                                                                              janji dijual kembali/Securities purchased
                                                                     gain or loss on            gain or loss.                                                                                                                 under agreements to resell
                                                                     equity is taken      2.    Suku bunga efektif dan
                 FVOCI                                                                          pengukuran kerugian kredit                                                                                                 Piutang pembiayaan konsumen/
                                                                     out and                    ekspektasian tidak perlu                                                                                                   Consumer financing receivables
                                                                     adjusted                   disesuaikan./
                                                                     against the fair                                                                                                                                      Kredit yang diberikan dan
                                                                     value of the               Effective interest rate and
                                                                                                expected credit loss is not                                                                                                   piutang/pembiayaan syariah/Loans and
                                                                     financial asset            adjusted.                                                                                                                     sharia receivable/financing
                                               Keuntungan atau kerugian kumulatif                                                                                                                                          Tagihan akseptasi/Acceptance receivables
                                                 direklasifikasi dari ekuitas menjadi      Aset keuangan tetap diukur pada nilai
                                 FVPL            laba rugi./Cumulative gain or loss          wajarnya./Financial assets is
                                                 on equity is reclassified to profit or      measured at fair value.
                                                 loss.



                                                                        63                                                                                                                                    64
PT BANK MANDIRI (PERSERO) TBK                             1342                                                                                                                                          1343                                        ANNUAL REPORT 2024
Page 394
          FINANCIAL STATEMENTS 2024


                                                PT BANK MANDIRI (PERSERO) Tbk.                                                                                                         PT BANK MANDIRI (PERSERO) Tbk.
                                           DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                               DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED                CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                             FINANCIAL STATEMENTS              KONSOLIDASIAN                                                                                        FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                             31 DECEMBER 2024 AND 2023             31 DESEMBER 2024 DAN 2023                                                                        31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                    (Expressed in millions of Rupiah, unless otherwise stated)      (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)

                                                                                                                                            2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                       2.     MATERIAL ACCOUNTING POLICY INFORMATION
2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                            2.     MATERIAL ACCOUNTING POLICY INFORMATION                             (lanjutan)                                                          (continued)
     (lanjutan)                                                               (continued)
                                                                                                                                                 c.   Instrumen keuangan (lanjutan)                                  c. Financial instruments (continued)
     c.    Instrumen keuangan (lanjutan)                                      c. Financial instruments (continued)                                    G. Saling hapus instrumen keuangan                                 G. Offsetting financial instruments

           F.   Klasifikasi     atas     instrumen     keuangan                   F.   Classification    of   financial    instruments                     Aset keuangan dan liabilitas keuangan saling                       Financial assets and liabilities are offset and
                                                                                                                                                           hapus disajikan dalam laporan posisi                               the net amount presented in the consolidated
                (lanjutan)                                                             (continued)                                                         keuangan konsolidasian jika memiliki hak                           statement of financial position when there is a
                                                                                                                                                           yang berkekuatan hukum untuk melakukan                             legally enforceable right to offset the
                                                                                                                                                           saling hapus atas jumlah yang telah diakui                         recognised amounts and an intention to settle
                Grup mengklasifikasikan liabilitas keuangan                            The Group classifies the financial liabilities                      tersebut dan berniat untuk menyelesaikan                           on a net basis or realised the asset and settle
                dan rekening administratif dalam klasifikasi                           and administrative accounts (off balance                            secara neto atau untuk merealisasikan aset                         the liability simultaneously. This means that
                tertentu yang mencerminkan sifat dari                                  sheet) into certain classes that reflect the                        dan menyelesaikan liabilitasnya secara                             the right to offset:
                                                                                                                                                           simultan. Hak yang berkekuatan hukum
                informasi        dan         mempertimbangkan                          nature of information and take into account the                     berarti:
                karakteristik dari instrumen keuangan                                  characteristic of those financial instruments.
                tersebut. Klasifikasi liabilitas keuangan dapat                        The classification of financial liabilities can be                  a.   tidak terdapat kontinjensi di masa yang                       a.   must not be contingent on a future event,
                                                                                                                                                                akan datang, dan                                                   and
                dilihat pada tabel di bawah ini:                                       seen in the table below:                                            b.   hak yang dapat dipaksakan secara                              b.   must be legally enforceable in all of the
                                                                                                                                                                hukum pada kondisi-kondisi berikut ini:                            following circumstances:
                                                                                                                                                                i.   kegiatan bisnis normal;                                       i.   the normal course of business;
                                       Klasifikasi/Classification                                       Golongan/Class                                          ii. kondisi kegagalan usaha; dan                                   ii. the event of default; and
                                              Liabilitas keuangan yang diukur                                                                                   iii. kondisi gagal bayar atau bangkrut.                            iii. the    event   of     insolvency  or
                                                                                         Liabilitas derivatif bukan lindung nilai/                                                                                                      bankruptcy.
                                                pada nilai wajar melalui laba rugi/
                                                                                            Derivative payables - non hedging
                                                Financial liabilities measured at                                                                     H.   Cadangan kerugian penurunan nilai aset                        H.   Allowance for        impairment     losses     of
                                                                                            related                                                        keuangan                                                           financial assets
                                                fair value through profit or loss
                                                                                         Giro/Demand deposits                                              Penerapan PSAK 109 “Instrumen Keuangan”                            The implementation of SFAS 109 "Financial
                                                                                                                                                           telah   mengubah        metode  perhitungan                        Instruments" has changed the method of
                                                                                         Tabungan/Saving deposits                                          kerugian penurunan nilai dari pendekatan                           calculating impairment losses from the
                                                                                                                                                           kerugian yang telah terjadi (incurred loss)                        incurred loss approach in SFAS 239 "Financial
                                                                                         Deposito berjangka/Time deposits                                  dalam PSAK 239 “Instrumen Keuangan:                                Instruments: Recognition and Measurement"
                                                                                                                                                           Pengakuan dan Pengukuran” dengan                                   with the expected credit loss approach.
                                                                                         Inter-bank call money                                             pendekatan kerugian kredit ekspektasian
                                                                                                                                                           (expected credit loss).
                                                                                         Liabilitas atas efek-efek yang dijual dengan
                 Liabilitas keuangan/                                                       janji dibeli kembali/Securities sold under                     1.   Ruang lingkup penurunan nilai                                 1.   Scope of impairment
                   Financial liabilities      Liabilitas keuangan yang diukur               agreements to repurchase
                                                                                                                                                                a)   Aset keuangan dalam klasifikasi                               a)   Financial assets in other than those
                                                dengan biaya perolehan                   Liabilitas kepada pemegang polis pada                                       selain yang diukur pada nilai wajar                                measured at fair value through profit
                                                diamortisasi/Financial liabilities          kontrak unit-link/Liabilities to unit-link                               melalui laba rugi                                                  or loss
                                                                                                                                                                     1) Penurunan nilai atas aset                                       1) Impairment of financial assets at
                                                measured at amortised cost                  policyholders                                                                 keuangan        pada      biaya                                    amortised cost is recognised as
                                                                                         Liabilitas akseptasi/Acceptance payables                                         perolehan diamortisasi diakui                                      a deduction from the asset's
                                                                                                                                                                          sebagai pengurang dari nilai                                       carrying    amount      in  the
                                                                                         Efek-efek yang diterbitkan/Debt securities                                       tercatat aset di dalam laporan                                     consolidated    statement     of
                                                                                           issued                                                                         posisi keuangan konsolidasian,                                     financial     position,     and
                                                                                                                                                                          dan diakui di dalam laporan                                        recognised in the consolidated
                                                                                         Pinjaman yang diterima/Fund borrowings                                           laba     rugi     konsolidasian                                    income statement as "Allowance
                                                                                                                                                                          sebagai "Beban Pembentukan                                         for Impairment Losses".
                                                                                         Pinjaman subordinasi/Subordinated loans                                          Cadangan               Kerugian
                                                                                                                                                                          Penurunan Nilai".
                                                                                         Setoran jaminan/Guarantee deposits                                          2) Penurunan nilai atas aset                                       2) Impairment of financial assets
                                                                                                                                                                          keuangan (di luar instrumen                                       (excluding equity instruments)
                                                                                                                                                                          ekuitas) yang diukur pada nilai                                   measured at fair value through
                      Klasifikasi/                                                                                                                                        wajar    melalui    penghasilan                                   other comprehensive income is
                                                                                     Golongan/Class                                                                       komprehensif      lain    diakui                                  recognised as an addition to
                     Classification                                                                                                                                       sebagai      penambah       dari                                  other comprehensive income in
                                             Fasilitas kredit yang diberikan yang belum digunakan (committed)/                                                            penghasilan       komprehensif                                    the consolidated statement of
                 Rekening                       Unused loan facilities (committed)                                                                                        lainnya di dalam laporan posisi                                   financial position (not reducing
                                                                                                                                                                          keuangan konsolidasian (tidak                                     the carrying amount of financial
                  administratif/             Letters of credit yang tidak dapat dibatalkan/Irrevocable letter of credit                                                   mengurangi jumlah tercatat                                        assets     in     the    financial
                  Administrative             Garansi yang diberikan yang memenuhi definisi kontrak jaminan keuangan/                                                      aset keuangan dalam laporan                                       statements) as "Unrealised Gain
                                                                                                                                                                          keuangan)               sebagai                                   or Loss " and recognised in the
                  accounts                      Bank guarantees issued that meet the definition of a financial guarantee contract                                         "Keuntungan/Kerugian       yang                                   consolidated income statement
                                             Standby letters of credit                                                                                                    Belum Direalisasikan", dan                                        as "Allowance for Impairment
                                                                                                                                                                          diakui di dalam laporan laba                                      Losses".
                                                                                                                                                                          rugi konsolidasian sebagai
                                                                                                                                                                          "Beban            Pembentukan
                                                                                                                                                                          Cadangan kerugian penurunan
                                                                                                                                                                          nilai".


                                                                            65                                                                                                                                     66
PT BANK MANDIRI (PERSERO) TBK                               1344                                                                                                                                             1345                                       ANNUAL REPORT 2024
Page 395
          FINANCIAL STATEMENTS 2024


                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                                        PT BANK MANDIRI (PERSERO) Tbk.
                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                              DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED               CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS             KONSOLIDASIAN                                                                                          FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                         31 DECEMBER 2024 AND 2023            31 DESEMBER 2024 DAN 2023                                                                          31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)     (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                        2.     MATERIAL ACCOUNTING POLICY INFORMATION                       2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                         2.     MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                           (continued)                                                       (lanjutan)                                                            (continued)
     c.    Instrumen keuangan (lanjutan)                                  c. Financial instruments (continued)
                                                                                                                                            c.   Instrumen keuangan (lanjutan)                                    c. Financial instruments (continued)
           H.   Cadangan kerugian penurunan nilai aset                        H.   Allowance for impairment             losses    of
                keuangan (lanjutan)                                                financial assets (continued)                                  H.   Cadangan kerugian penurunan nilai aset                          H.   Allowance for impairment             losses     of
                                                                                                                                                      keuangan (lanjutan)                                                  financial assets (continued)
                1.   Ruang lingkup penurunan nilai                                 1.   Scope of Impairment (continued)
                     (lanjutan)                                                                                                                       2.   Evaluasi penurunan nilai yang                                   2.   Periodic evaluation on impairment of
                     b) Komitmen           Pinjaman       atau                          b)   Loan Commitments or Committed                                 dilakukan secara periodik (lanjutan)                                 financial assets (continued)
                          Kelonggaran Tarik yang Sifatnya                                    Unused Loan Facilities
                          Tidak        Dapat       Dibatalkan                                                                                              Kriteria yang digunakan oleh Grup untuk                              The criteria that the Group uses to
                          (Committed)                                                                                                                      menentukan       bukti   objektif  dari                              determine that there is objective evidence
                          1) Penurunan nilai atas komitmen                                   1) Impairment of loan commitments                             penurunan nilai adalah sebagai berikut                               of impairment loss include (continued):
                               pinjaman diakui sebagai provisi                                   is recognised as provision for the                        (lanjutan):
                               pada komponen liabilitas Bank                                     Bank's liability component which
                               yang dicatat secara terpisah                                      is recorded separately from the                           d)   Terjadi kemungkinan bahwa pihak                                 d)   There is a probability that the
                               dari aset pinjaman yang terkait                                   related    loan        assets   as                             peminjam akan dinyatakan pailit                                      borrower will enter bankruptcy or
                               sebagai "Estimasi kerugian                                        "Estimated          losses      on                             atau     melakukan      reorganisasi                                 other financial reorganisation;
                               atas komitmen dan kontijensi",                                    commitments                    and                             keuangan lainnya;
                               kecuali Grup tidak dapat                                          contingencies", unless the Group                          e)   Hilangnya pasar aktif dari aset                                 e)   The disappearance of an active
                               mengidentifikasi        secara                                    cannot identify it separately.                                 keuangan         akibat    kesulitan                                 market for that financial asset
                               terpisah.                                                                                                                        keuangan; atau                                                       because of financial difficulties; or
                          2) Dalam        kondisi    tersebut,                               2) In that case, the impairment of                            f)   Pembelian atau penerbitan aset                                  f)   Purchase or issuance of financial
                               penurunan nilai atas komitmen                                     loan commitments and loan
                                                                                                                                                                keuangan dengan diskon sangat                                        asset at significant discount which
                               pinjaman dan aset pinjaman                                        assets is recognised together as
                               diakui     bersama     sebagai                                    a deduction from the carrying                                  besar yang mencerminkan kerugian                                     reflects the credit loss that occurs.
                               pengurang dari nilai tercatat                                     amount of the assets in the                                    kredit yang terjadi.
                               aset di dalam laporan posisi                                      consolidated       statement  of
                               keuangan konsolidasian.                                           financial position.                                       Grup menggunakan kriteria tambahan                                   The Group uses additional criteria to
                                                                                                                                                           untuk    menentukan   kualitas aset                                  determine the quality of financial
                     c)   Kontrak Jaminan Keuangan                                      c)   Financial Guarantee Contract                                  instrumen keuangan sesuai dengan                                     instrument assets in accordance with the
                          Penurunan nilai atas kontrak                                       Impairment of financial guarantee                             Peraturan Otoritas Jasa Keuangan                                     Financial Services Authority Regulation
                          jaminan keuangan diakui sebagai                                    contracts is recognised as a provision                        (POJK) No. 40/POJK.03/2019 tanggal                                   (POJK) No. 40/POJK.03/2019 dated 19
                          provisi pada komponen liabilitas                                   under the Bank's liability component                          19 Desember 2019 tentang Penilaian                                   December 2019 concerning Asset Quality
                          Bank sebagai "Estimasi kerugian                                    as     "Estimated       losses      on                        Kualitas Aset Bank Umum.                                             Assessment for Commercial Banks.
                          atas komitmen dan kontijensi".                                     commitments and contingencies".
                                                                                                                                                           Selanjutnya, Grup mengelompokkan                                     Furthermore,      the    Group   classifies
                2.   Evaluasi penurunan nilai             yang                     2.   Periodic evaluation on impairment of                               aset keuangan berdasarkan hasil                                      financial assets based on the evaluation
                     dilakukan secara periodik                                          financial assets                                                   evaluasi tersebut yang mencerminkan                                  results, which reflect the level of credit
                                                                                                                                                           tingkat risiko kredit aset keuangan.                                 risk of the financial assets.
                     Pada setiap tanggal laporan posisi                                 The Group assesses at each reporting
                     keuangan       konsolidasian,       Grup                           date whether there is a significant                                a)   Stage 1                                                         a)   Stage 1
                     mengevaluasi       apakah       terdapat                           increase in credit risk or objective
                     peningkatan risiko kredit yang signifikan                          evidence that a financial asset or group of                             Pada tanggal evaluasi penurunan                                      At the evaluation date of impairment,
                     atau terdapat bukti objektif terjadinya                            financial assets is impaired.                                           nilai, risiko kredit atas instrumen                                  credit risk on financial instruments
                     penurunan nilai.                                                                                                                           keuangan tidak meningkat secara                                      does not increase significantly since
                                                                                                                                                                signifikan sejak pengakuan awal                                      initial recognition, which can be
                     Kriteria yang digunakan oleh Grup untuk                            The criteria that the Group uses to
                                                                                                                                                                yang dapat dibuktikan dengan                                         proven by the occurrence of all of the
                     menentukan       bukti   objektif   dari                           determine that there is objective evidence
                     penurunan nilai adalah sebagai berikut:                            of impairment loss include:                                             terjadinya seluruh hal berikut, yaitu:                               following, namely:

                                                                                                                                                                Untuk Jenis Aset Keuangan Non-                                       For    Types       of    Non-Securities
                     a)   Kesulitan keuangan signifikan yang                            a)   Significant financial difficulty of the
                          dialami     penerbit    atau    pihak                              issuer or obligor;                                                 Surat Berharga:                                                      Financial Assets:
                          peminjam;                                                                                                                             1) Tidak      terdapat    tunggakan                                  1) There are no arrears of principal
                     b)   Pelanggaran        kontrak,    seperti                        b)   A breach of contract, such as a                                        pokok dan/atau bunga lebih                                           and/or interest for more than 30
                          peristiwa gagal bayar atau peristiwa                               default or delinquency in interest or                                  dari 30 hari;                                                        days;
                          tunggakan bunga atau pokok;                                        principal payments;                                                2) Instrumen keuangan memiliki                                       2) The financial instrument has a
                     c)   Pihak pemberi pinjaman, untuk                                 c)   The lender, for economic or legal                                      kualitas 1 atau 2; dan                                               collectability of 1 or 2; and
                          alasan ekonomi atau kontraktual                                    reasons relating to the borrower’s                                 3) Tidak direstrukturisasi.                                          3) Not restructured.
                          sehubungan        dengan     kesulitan                             financial difficulty, granting to the
                          keuangan yang dialami pihak                                        borrower a concession that the                                     Aset Keuangan Surat Berharga:                                        Securities Financial Assets:
                          peminjam,      telah     memberikan                                lender would not otherwise consider                                1) Memiliki peringkat investasi;                                     1) Having investment grade;
                          konsesi pada pihak peminjam yang                                   if the borrower is not having that                                 2) Tidak    terdapat     tunggakan                                   2) There are no arrears of coupons
                          tidak mungkin diberikan jika pihak                                 financial difficulty;                                                  kupon dan/atau kewajiban lain                                        and/or other similar obligations;
                          peminjam        tidak       mengalami                                                                                                     yang sejenis; dan                                                    and
                          kesulitan tersebut;                                                                                                                   3) Belum jatuh tempo.                                                3) Not yet due.



                                                                        67
PT BANK MANDIRI (PERSERO) TBK                             1346                                                                                                                                           134768                                       ANNUAL REPORT 2024
Page 396
          FINANCIAL STATEMENTS 2024


                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                                       PT BANK MANDIRI (PERSERO) Tbk.
                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                             DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED               CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS             KONSOLIDASIAN                                                                                          FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                       31 DECEMBER 2024 AND 2023            31 DESEMBER 2024 DAN 2023                                                                          31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)     (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)


2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                      2.     MATERIAL ACCOUNTING POLICY INFORMATION                       2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                         2.     MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                         (continued)                                                       (lanjutan)                                                            (continued)

     c.    Instrumen keuangan (lanjutan)                                c. Financial instruments (continued)                              c.   Instrumen keuangan (lanjutan)                                    c. Financial instruments (continued)

           H.   Cadangan kerugian penurunan nilai aset                      H.   Allowance for impairment             losses    of             H.   Cadangan kerugian penurunan nilai aset                          H.   Allowance for impairment              losses     of
                keuangan (lanjutan)                                              financial assets (continued)                                       keuangan (lanjutan)                                                  financial assets (continued)

                2.   Evaluasi penurunan nilai yang                               2.   Periodic evaluation on impairment of                          2.   Evaluasi penurunan nilai yang                                   2.   Periodic evaluation on impairment of
                     dilakukan secara periodik (lanjutan)                             financial assets (continued)                                       dilakukan secara periodik (lanjutan)                                 financial assets (continued)

                                                                                                                                                         c)   Stage 3 (Default)                                               c)   Stage 3 (Default)
                     a)   Stage 1 (lanjutan)                                          a)   Stage 1 (continued)
                                                                                                                                                              Pada tanggal evaluasi, terdapat                                      At the evaluation date, there is
                          Atas hal tersebut, Grup akan                                     For this reason, the Group will
                                                                                                                                                              bukti objektif bahwa aset keuangan                                   objective evidence that the financial
                          mengukur penyisihan kerugian                                     measure     the      allowance      for
                                                                                                                                                              mengalami penurunan nilai yang                                       asset is impaired which can be
                          untuk     instrumen    keuangan                                  impairment losses for the financial
                                                                                                                                                              dapat dibuktikan.                                                    proven.
                          tersebut sejumlah kerugian kredit                                instrument at the amount of an
                          ekspektasian 12 bulan.                                           expected credit loss for 12 months.
                                                                                                                                                              Untuk Jenis Aset Keuangan Non-                                       For     Types       of    Non-Securities
                                                                                                                                                              Surat Berharga, dengan terjadinya                                    Financial Assets, if one of the
                     b)   Stage 2                                                     b)   Stage 2                                                            salah satu dari hal berikut, yaitu:                                  following occurs:
                                                                                                                                                              1) Terdapat tunggakan pokok                                          1) There are arrears principal
                          Pada tanggal evaluasi, risiko kredit                             At the evaluation date, credit risk on                                 dan/atau bunga lebih dari 90                                          and/or interest of more than 90
                          atas instrumen keuangan telah                                    financial instruments has increased                                    hari;                                                                 days;
                          meningkat secara signifikan sejak                                significantly since initial recognition                            2) Instrumen keuangan memiliki                                       2) The financial instrument has a
                          pengakuan awal yang dapat                                        which can be proven.                                                   kualitas 3, 4, atau 5; atau                                           collectability of 3, 4, or 5; or
                          dibuktikan.                                                                                                                         3) Terjadi restrukturisasi atas aset                                 3) There was a restructuring of
                                                                                                                                                                  keuangan          yang        tidak                                   financial assets that did not
                          Untuk Jenis Aset Keuangan Non-                                   For     Types     of   Non-Securities                                  menyebabkan pengakuan aset                                            result in the recognition of assets
                          Surat Berharga, dengan terjadi                                   Financial Assets, if one of the                                        yang     berasal     dari      aset                                   originating       from      impaired
                          salah satu dari hal berikut:                                     following occurs:                                                      keuangan yang memburuk,                                               financial assets, where prior to
                          1) Terdapat tunggakan pokok                                      1) There are arrears of principal                                      dimana sebelum restrukturisasi                                        restructuring the assets were at
                              dan/atau bunga yang telah                                         and/or interest between 30 days                                   aset    telah     berada      pada                                    stage 3.
                              melebihi 30 hari sampai                                           to 90 days;                                                       stage 3.
                              dengan 90 hari;
                          2) Instrumen keuangan memiliki                                   2) The financial instrument has a                                  Untuk Jenis Aset Keuangan Surat                                      For Types of Securities Financial
                              kualitas 2; atau                                                collectability of 2; or                                         Berharga:                                                            Assets:
                          3) Terjadi restrukturisasi atas aset                             3) There was a restructuring of                                    1) Memiliki peringkat investasi,                                     1) Has an investment grade, has
                              keuangan         yang      tidak                                financial assets that did not                                       terdapat tunggakan kupon                                             arrears of coupons and/or other
                              menyebabkan pengakuan aset                                      result in the recognition of assets                                 dan/atau kewajiban lain yang                                         similar obligations, and has not
                              yang     berasal     dari   aset                                originating       from    impaired                                  sejenis, dan belum jatuh                                             yet matured; or
                              keuangan yang memburuk,                                         financial assets, which before                                      tempo; atau
                              dimana sebelum restrukturisasi                                  restructuring the assets were at                                2) Kriteria   lain   yang     tidak                                  2)   Other criteria that do not meet
                              aset berada pada stage 1                                        stage 1 or 2.                                                       memenuhi kriteria pada stage 1                                        the criteria on stage 1 and 2 for
                              atau 2.                                                                                                                             dan 2 untuk jenis aset                                                types of securities financial
                                                                                                                                                                  keuangan surat berharga.                                              assets.
                          Untuk Jenis Aset Keuangan Surat                                  For Types of Securities Financial
                          Berharga:                                                        Assets:                                                            Grup akan mengukur penyisihan                                        The Group will measure the
                          1) Memiliki     peringkat   paling                               1) Has a rating of at least 1 (one)                                kerugian untuk instrumen keuangan                                    allowance for losses for financial
                              rendah 1 (satu) tingkat di                                       level below investment grade;                                  pada stage ini sejumlah kerugian                                     instruments at this stage at the
                              bawah peringkat investasi;                                                                                                      kredit   ekspektasian   sepanjang                                    amount of the expected credit losses
                          2) Tidak     terdapat   tunggakan                                2)   There are no arrears of coupons                               umurnya.                                                             over its lifetime.
                              kupon dan/atau kewajiban lain                                     and/or other similar obligations;
                              yang sejenis; dan                                                 and                                                           Khusus untuk aset keuangan yang                                      Specifically for financial assets which
                          3) Belum jatuh tempo.                                            3)   Not yet due.                                                  penurunan    nilainya   dievaluasi                                   impairment value is evaluated
                                                                                                                                                              secara individual, Grup dapat                                        individually, the Group may designate
                          Grup akan mengukur penyisihan                                    At this stage, the Group will measure                              menetapkan      aset    keuangan                                     these financial assets in the stage 3
                          kerugian untuk instrumen keuangan                                the allowance for impairment losses                                tersebut pada kelompok stage 3                                       group (from the previous stage 2
                          pada stage ini sejumlah kerugian                                 for the financial instrument at the                                (dari sebelumnya ada di kelompok                                     group), even though those financial
                          kredit   ekspektasian   sepanjang                                amount of the expected credit losses                               stage 2), meskipun aset keuangan                                     assets do not meet the criteria for
                          umurnya.                                                         over its lifetime.                                                 dimaksud belum memenuhi kriteria                                     stage 3 group.
                                                                                                                                                              kelompok stage 3.


                                                                                                                                                                                                              70
PT BANK MANDIRI (PERSERO) TBK                           1348          69                                                                                                                                1349                                         ANNUAL REPORT 2024
Page 397
          FINANCIAL STATEMENTS 2024


                                              PT BANK MANDIRI (PERSERO) Tbk.                                                                                                        PT BANK MANDIRI (PERSERO) Tbk.
                                         DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                              DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED               CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                          FINANCIAL STATEMENTS             KONSOLIDASIAN                                                                                          FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                          31 DECEMBER 2024 AND 2023            31 DESEMBER 2024 DAN 2023                                                                          31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)     (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)


2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                         2.     MATERIAL ACCOUNTING POLICY INFORMATION                       2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                         2.     MATERIAL ACCOUNTING POLICY INFORMATION
                                                                                                                                             (lanjutan)                                                            (continued)
     (lanjutan)                                                            (continued)
                                                                                                                                             c.   Instrumen keuangan (lanjutan)                                    c. Financial instruments (continued)
     c.    Instrumen keuangan (lanjutan)                                   c. Financial instruments (continued)
                                                                                                                                                  H.   Cadangan kerugian penurunan nilai aset                          H.   Allowance for impairment            losses     of
           H.   Cadangan kerugian penurunan nilai aset                         H.   Allowance for impairment             losses    of                  keuangan (lanjutan)                                                  financial assets (continued)
                keuangan (lanjutan)                                                 financial assets (continued)                                       2.   Evaluasi penurunan nilai yang                                   2.   Periodic evaluation on impairment of
                                                                                                                                                            dilakukan secara periodik (lanjutan)                                 financial assets (continued)
                2.   Evaluasi penurunan nilai yang                                  2.   Periodic evaluation on impairment of
                     dilakukan secara periodik (lanjutan)                                financial assets (continued)                                       d)   Aset yang Dibeli atau Berasal dari                              d)   Purchased or Originated Credit-
                                                                                                                                                                 Aset Keuangan yang Memburuk                                          Impaired Financial Asset (“POCI”)
                                                                                                                                                                 (Purchased or Originated Credit-                                     (continued)
                     d)   Aset yang Dibeli atau Berasal dari                             d)   Purchased or Originated Credit-                                    Impaired Financial Asset (“POCI”))
                          Aset Keuangan yang Memburuk                                         Impaired Financial Asset (“POCI”)                                  (lanjutan)
                          (Purchased or Originated Credit-
                          Impaired Financial Asset (“POCI”))                                                                                                     2)   Kriteria dan pengukuran aset                                    2) Criteria for assets originating
                                                                                                                                                                      yang     berasal  dari  aset                                       from impaired financial assets
                                                                                                                                                                      keuangan memburuk (lanjutan)                                       (continued)
                          1) Kriteria aset yang dibeli sebagai                                1) The criteria for assets purchased
                             aset keuangan memburuk                                              as an impaired financial assets                                      b.   Pada tanggal pelaporan,                                        b.   At the reporting date, the
                                                                                                                                                                           Grup hanya mengakui                                                 Group recognizes only the
                                Aset keuangan yang dibeli                                         A purchased financial asset is                                           perubahan kumulatif atas                                            cumulative changes in the
                                                                                                                                                                           kerugian               kredit                                       lifetime expected credit
                                dikelompokkan sebagai aset                                        classified    as    an    impaired                                       ekspektasian     sepanjang                                          losses since the initial
                                keuangan      memburuk     jika                                   financial asset if it meets the                                          umurnya sejak pengakuan                                             recognition of the financial
                                memenuhi kriteria berikut:                                        following criteria:                                                      awal     aset     keuangan                                          asset as an allowance for
                                a. Hilangnya pasar aktif dari                                     a. Loss of active market of                                              sebagai          penyisihan                                         impairment      losses     on
                                                                                                                                                                           kerugian      atas       aset                                       financial assets purchased
                                     aset keuangan; atau                                               financial assets; or                                                keuangan yang dibeli atau                                           or      originating     from
                                b. Pembelian aset keuangan                                        b. Purchase of financial assets                                          yang berasal dari aset                                              impairment financial assets.
                                     dengan diskon sangat                                              at a very large discount or                                         keuangan memburuk.
                                     besar atau jauh di bawah                                          significant below par.                                         c.   Pada      setiap    tanggal                                    c.   At each reporting date, the
                                     harga par.                                                                                                                            pelaporan, Grup mengakui                                            Group recognizes in profit
                                                                                                                                                                           dalam laba rugi jumlah                                              or loss the amount of
                                                                                                                                                                           perubahan kerugian kredit                                           changes      in     lifetime
                          2) Kriteria dan pengukuran aset                                     2) Criteria for assets originating                                           ekspektasian     sepanjang                                          expected credit losses as
                             yang     berasal  dari  aset                                        from impaired financial assets                                            umurnya             sebagai                                         an impairment gain or loss.
                             keuangan memburuk                                                                                                                             keuntungan atau kerugian
                                                                                                                                                                           penurunan nilai.
                                                                                                  a.   Financial assets that are                                      d.   Jika     aset     keuangan                                     d.   If the financial assets are
                                a.   Aset     keuangan       yang                                                                                                          terbukti berdasarkan fakta                                          proven based on facts or
                                     dimodifikasi/renegosiasi                                          modified/renegotiated                                               atau     informasi      yang                                        relevant information that the
                                     dan           menghasilkan                                        resulting in derecognition of                                       relevan      bahwa       aset                                       financial     assets      are
                                     penghentian     pengakuan                                         financial     assets       are                                      keuangan membaik, maka                                              improving, the Group will
                                                                                                       classified     as       assets                                      Grup akan mencatat di                                               recognize in the income
                                     aset              keuangan                                                                                                            laporan laba rugi sebagai                                           statement as a deduction for
                                     dikelompokkan        sebagai                                      originating from impaired
                                                                                                                                                                           pengurang            “Beban                                         “Allowance for Impairment
                                     aset yang berasal dari aset                                       financial assets if they meet                                       Pembentukan Cadangan                                                Losses”.
                                     keuangan memburuk jika                                            the following criteria:                                             Kerugian Penurunan Nilai”.
                                                                                                                                                                      e.   Jika kondisi aset keuangan                                     e.   If the condition of the
                                     memenuhi kriteria berikut:                                                                                                            terbukti memburuk, maka                                             financial asset are proven to
                                     1. Waive atas tunggakan                                                                                                               Grup akan mencatat di                                               be impaired, the Group will
                                                                                                       1.   Waive     on    interest
                                          bunga         termasuk                                                                                                           laporan laba rugi sebagai                                           recognize it in the income
                                                                                                            arrears       including                                        penambah             “Beban                                         statement as an addition to
                                          dengan     Tunggakan
                                                                                                            Scheduled       Interest                                       Pembentukan Cadangan                                                “Allowance for Impairment
                                          Bunga              yang
                                                                                                            Arrears and Deferred                                           Kerugian Penurunan Nilai”.                                          Losses”.
                                          Dijadwalkan (TBYD)
                                                                                                            Interest of 100% (one
                                          dan    Bunga       yang                                                                                                Grup menggunakan kriteria untuk                                      The Group uses criteria to determine
                                                                                                            hundred percent); or
                                          Ditangguhkan (BYDT)                                                                                                    menentukan       kategori    aset                                    the category of financial assets that
                                          sebesar           100%                                                                                                 keuangan     yang      mengalami                                     have impaired based on the grouping
                                                                                                                                                                 penurunan    nilai    berdasarkan                                    of the risk levels of financial assets
                                          (seratus persen); atau                                                                                                 pengelompokan tingkat risiko aset                                    above. Financial assets in stage 3
                                     2. Kredit        dikonversi                                       2.   Loans are converted                                  keuangan di atas. Aset keuangan                                      group and POCI are financial assets
                                          menjadi    penyertaan                                             into temporary equity                                pada kelompok stage 3 dan POCI                                       that have impaired.
                                          modal sementara.                                                  participation (temporary                             merupakan aset keuangan yang
                                                                                                            investment in shares).                               mengalami penurunan nilai.




                                                                         71                                                                                                                                      72
PT BANK MANDIRI (PERSERO) TBK                              1350                                                                                                                                            1351                                       ANNUAL REPORT 2024
Page 398
          FINANCIAL STATEMENTS 2024


                                              PT BANK MANDIRI (PERSERO) Tbk.                                                                                                         PT BANK MANDIRI (PERSERO) Tbk.
                                         DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                               DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE CONSOLIDATED               CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                            FINANCIAL STATEMENTS             KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                            31 DECEMBER 2024 AND 2023            31 DESEMBER 2024 DAN 2023                                                                         31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                   (Expressed in millions of Rupiah, unless otherwise stated)     (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                           2.     MATERIAL ACCOUNTING POLICY INFORMATION                       2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                        2.     MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                              (continued)                                                       (lanjutan)                                                           (continued)
     c.    Instrumen keuangan (lanjutan)                                     c. Financial instruments (continued)                              c.   Instrumen keuangan (lanjutan)                                   c. Financial instruments (continued)

           H.   Cadangan kerugian penurunan nilai aset                           H.   Allowance for impairment             losses    of             H.   Cadangan kerugian penurunan nilai aset                         H.   Allowance for impairment             losses      of
                keuangan (lanjutan)                                                   financial assets (continued)                                       keuangan (lanjutan)                                                 financial assets (continued)
                3.   Metode penurunan nilai                                           3.   Impairment method                                             3.   Metode penurunan nilai (lanjutan)                              3.   Impairment method (continued)
                     Grup melakukan evaluasi penurunan                                     The Group evaluates the impairment                                 Grup melakukan evaluasi penurunan                                   The Group evaluates the impairment
                     nilai dengan metode sebagai berikut:                                  using the following methods:                                       nilai dengan metode sebagai berikut                                 using the following methods (continued):
                                                                                                                                                              (lanjutan):
                     a)   Metode Individual                                                a)   Individual Method
                                                                                                                                                              a)   Metode Individual (lanjutan)                                   a)   Individual Method (continued)
                          1) Kriteria Individual                                                1) Individual Criteria

                                Grup mengevaluasi penurunan                                         The Group evaluates impairment                                 3) Evaluasi Penurunan Nilai                                         3) Impairment Evaluation
                                nilai secara individual apabila                                     individually when the Group has
                                Grup memiliki informasi yang                                        reasonable and supportable                                         Evaluasi      penurunan      nilai                                  Individual impairment evaluation
                                wajar dan terdukung untuk                                           information to measure the                                         secara individual didasarkan                                        is based on the concept of an
                                mengukur        kerugian     kredit                                 lifetime expected credit losses                                    pada konsep estimasi jumlah                                         estimated weighted probability of
                                ekspektasian           sepanjang                                    on an individual instrument and                                    probabilitas          tertimbang                                    loss of financial assets. This
                                umurnya        pada     instrumen                                   the financial assets have the                                      kerugian      aset    keuangan.                                     concept uses the weighting of
                                secara individual dan aset                                          following criteria:                                                Konsep tersebut menggunakan                                         each of the 3 (three) scenarios,
                                keuangan       memiliki    kriteria                                                                                                    pembobotan       masing-masing                                      which     are    the   optimistic
                                sebagai berikut:                                                                                                                       dari 3 (tiga) skenario yaitu                                        scenario, the normal scenario,
                                a. Aset keuangan per debitur                                        a.   Financial assets per debtor                                   skenario     optimis,   skenario                                    and the pessimistic scenario.
                                     memiliki nilai outstanding                                          with        a     cumulative                                  normal, dan skenario pesimis.
                                     kumulatif      lebih      dari                                      outstanding amount of more
                                     Rp25.000 (dua puluh lima                                            than Rp25,000 (twenty five                                    1.   Optimis                                                        1.   Optimistic
                                     miliar Rupiah);                                                     billion Rupiah);
                                b. Kredit segmen Corporate,                                         b.   Loans for the Corporate,                                           Skenario dengan asumsi                                              A     scenario    with    the
                                     Kelembagaan,        Financial                                       Institutional,      Financial                                      terdapat kenaikan atau                                              assumption that there is an
                                     Institutions, Commercial,                                           Institutions,    Commercial,                                       ekspansi               dalam                                        increase or expansion in the
                                     dan SME Banking; dan                                                and        SME       Banking                                       perekonomian            yang                                        economy which results in
                                                                                                         segments; and                                                      berakibat               pada                                        the strengthening of variable
                                c.   Aset keuangan termasuk                                         c.   Financial assets fall into the                                     menguatnya nilai variabel                                           values such as increased
                                     dalam kategori stage 2                                              stage 2 category as a result                                       seperti        pertumbuhan                                          economic       growth      or
                                     akibat dari restrukturisasi,                                        of a restructuring, stage 3,                                       ekonomi meningkat atau                                              exchange rate appreciation.
                                     stage 3, atau POCI.                                                 or POCI.                                                           apresiasi nilai tukar.
                                Grup juga dapat menetapkan                                          The Group may also designate
                                                                                                                                                                       2.   Normal                                                         2.   Normal
                                aset keuangan untuk dievaluasi                                      financial assets to be evaluated
                                secara individual meskipun                                          individually even though the
                                                                                                    financial assets have not yet                                           Skenario yang memiliki                                              The scenario that has the
                                aset    keuangan      dimaksud
                                                                                                    meet criteria for individual                                            peluang terbesar untuk                                              greatest chance of occurring
                                belum memiliki kriteria untuk
                                dievaluasi secara individual.                                       evaluation.                                                             terjadi        dibandingkan                                         compared to the other
                                                                                                                                                                            2 (dua) skenario lainnya.                                           2 (two) scenarios. The
                          2) Jika aset keuangan terdapat                                        2) If a financial asset has objective                                       Nilai    variabel     dalam                                         variable   value    in   the
                             bukti objektif penurunan nilai                                         evidence of impairment from a                                           skenario baseline adalah                                            baseline scenario is the
                             dari aset keuangan yang                                                financial asset that is evaluated                                       hasil proyeksi dengan                                               projection result assuming
                             dievaluasi secara individual                                           individually but there is no                                            asumsi           pergerakan                                         economic         movements
                             namun tidak terdapat kerugian                                          impairment loss, the financial                                          ekonomi tanpa adanya                                                without any extraordinary
                             penurunan nilai, maka aset                                             asset is still classified as a                                          peristiwa     luar    biasa,                                        events, shocks or economic
                             keuangan        tersebut      tetap                                    financial asset that will be                                            guncangan atau gejolak                                              turmoil.
                             dimasukkan          ke      dalam                                      assessed       for     impairment                                       ekonomi.
                             klasifikasi aset keuangan yang                                         individually. However, the Group
                             akan dievaluasi penurunan                                              establishes      allowance     for                                 3.   Pesimis                                                        3.   Pessimistic
                             nilainya     secara     individual.                                    impairment losses on these
                             Namun,       Grup      membentuk                                       financial assets based on the                                           Skenario dengan asumsi                                              Scenarios      with      the
                             cadangan kerugian penurunan                                            probability of default resulting                                        terdapat pelemahan atau                                             assumption that there is a
                             nilai atas aset keuangan                                               from a collective evaluation of                                         kontraksi            dalam                                          weakening or contraction in
                             tersebut              berdasarkan                                      loans impairment.                                                       perekonomian          yang                                          the economy that results in
                             probability of default yang                                                                                                                    berakibat      melemahnya                                           weakening     of    variable
                             dihasilkan       dari     evaluasi                                                                                                             nilai    variabel   seperti                                         values such as a decrease
                             penurunan nilai kredit secara                                                                                                                  penurunan pertumbuhan                                               in economic growth or
                             kolektif.                                                                                                                                      ekonomi atau depresiasi                                             depreciation     of      the
                                                                                                                                                                            nilai tukar.                                                        exchange rate.




                                                                           73                                                                                                                                     74
PT BANK MANDIRI (PERSERO) TBK                               1352                                                                                                                                            1353                                         ANNUAL REPORT 2024
Page 399
          FINANCIAL STATEMENTS 2024


                                              PT BANK MANDIRI (PERSERO) Tbk.                                                                                                           PT BANK MANDIRI (PERSERO) Tbk.
                                         DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                 DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE CONSOLIDATED                CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                            FINANCIAL STATEMENTS              KONSOLIDASIAN                                                                                           FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                            31 DECEMBER 2024 AND 2023             31 DESEMBER 2024 DAN 2023                                                                           31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                   (Expressed in millions of Rupiah, unless otherwise stated)      (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                  (Expressed in millions of Rupiah, unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                           2.     MATERIAL ACCOUNTING POLICY INFORMATION                        2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                          2.     MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                              (continued)                                                        (lanjutan)                                                             (continued)
     c.    Instrumen keuangan (lanjutan)                                     c. Financial instruments (continued)
                                                                                                                                                c.   Instrumen keuangan (lanjutan)                                     c. Financial instruments (continued)
           H.   Cadangan kerugian penurunan nilai aset                           H.   Allowance for impairment             losses     of
                keuangan (lanjutan)                                                   financial assets (continued)                                   H.   Cadangan kerugian penurunan nilai aset                           H.   Allowance for impairment              losses     of
                                                                                                                                                          keuangan (lanjutan)                                                   financial assets (continued)
                3.   Metode penurunan nilai (lanjutan)                                3.   Impairment method (continued)
                                                                                                                                                          3.   Metode penurunan nilai (lanjutan)                                3.   Impairment method (continued)
                     Grup melakukan evaluasi penurunan                                     The Group evaluates the impairment
                     nilai dengan metode sebagai berikut                                   using the following methods (continued):
                     (lanjutan):                                                                                                                               Grup melakukan evaluasi penurunan                                     The Group evaluates the impairment
                                                                                                                                                               nilai dengan metode sebagai berikut                                   using the following methods (continued):
                     a)   Metode Individual (lanjutan)                                     a)   Individual Method (continued)                                  (lanjutan):
                          3)    Evaluasi     Penurunan        Nilai                             3) Impairment               Evaluation                         b)   Metode Kolektif                                                  b)   Collective Method
                                (lanjutan)                                                         (continued)
                                Setiap skenario menghasilkan                                        Each scenario provides a                                        1) Kriteria Kolektif                                                  1) Collective Criteria
                                nilai kini arus kas yang                                            discounted present value of cash
                                didiskontokan, di mana arus                                         flows, where the cash flows are                                      Bank mengevaluasi penurunan                                          The Bank assesses impairment
                                kas tersebut didasarkan pada                                        based      on    all    available                                    nilai secara kolektif apabila                                        collectively if the financial assets
                                seluruh informasi yang tersedia                                     information with experienced                                         aset      keuangan        memiliki                                   share       the       same       risk
                                dengan experienced credit                                           credit judgment and reflect all                                      kesamaan dalam karakteristik                                         characteristics of the financial
                                judgement serta mencerminkan                                        information that takes into                                          risiko aset keuangan dengan                                          assets with the purpose of
                                seluruh      informasi    yang                                      account various factors such as:                                     tujuan     untuk     memfasilitasi                                   facilitating analysis which is
                                memperhatikan berbagai faktor
                                seperti:                                                                                                                                 analisis yang didesain untuk                                         designed to allows a significant
                                1. Kekuatan finansial dan                                           1.   Financial strength and the                                      memungkinkan          peningkatan                                    increase in credit risk to be
                                     kemampuan debitur untuk                                             debtor's         repayment                                      risiko kredit secara signifikan                                      identified in a timely manner.
                                     membayar           kembali                                          capacity.                                                       dapat diidentifikasi tepat waktu.                                    The criteria for financial assets
                                     kewajiban      (repayment                                                                                                           Kriteria aset keuangan yang                                          that are evaluated collectively
                                     capacity).                                                                                                                          dievaluasi      secara     kolektif                                  are as follows:
                                2. Jenis dan jumlah agunan.                                         2.   Type     and     amount      of                                 adalah sebagai berikut:
                                                                                                         collateral.
                                3.   Ketersediaan garansi.                                          3.   Availability of warranty.                                       a. Aset keuangan per debitur                                         a.   Financial assets per debtor
                                4.   Prospek usaha nasabah di                                       4.   Customers' future business                                           merupakan aset keuangan                                              are non-performing financial
                                     masa datang.                                                        prospects.                                                           non-performing           atau                                        assets or have days past
                                5.   Probabilitas      penjualan                                    5.   Probability of collateral sale.                                      memiliki days past due >                                             due > 90 days and have a
                                     agunan.                                                                                                                                  90 hari dan memiliki nilai                                           cumulative value of ≤
                                6.   Kerugian historis.                                             6.   Historical losses.                                                   kumulatif      sebesar      ≤                                        Rp25,000 (twenty five billion
                                7.   Faktor       makroekonomi                                      7.   Relevant      macroeconomic                                          Rp25.000 (dua puluh lima                                             rupiah) for the Corporate,
                                     yang relevan.                                                       factors.                                                             milyar      rupiah)    untuk                                         Institutional,     Financial
                                Selisih       estimasi   jumlah                                     The difference between the                                                Segmen            Corporate,                                         Institutions,  Commercial,
                                probabilitas tertimbang dengan                                      weighted probability and the total                                        Kelembagaan,        Financial                                        and        SME      Banking
                                jumlah       outstanding   aset                                     outstanding of financial assets                                           Institutions,    Commercial                                          segments;
                                keuangan           mencerminkan                                     reflects the amount of the                                                dan SME Banking;
                                jumlah kerugian penurunan                                           individual impairment loss.                                          b. Aset keuangan performing                                          b.   Performing financial assets
                                nilai individual.                                                                                                                             atau memiliki days past                                              or having days past due
                                Metode evaluasi penurunan                                           The      individual   impairment                                          due ≤ 90 hari dan tidak                                              ≤ 90 days and were not
                                nilai      secara       individual                                  evaluation method is based on                                             direstrukturisasi      untuk                                         restructured    for       the
                                didasarkan pada 2 (dua)                                             2 (two) concepts, which are the                                           segmen            Corporate,                                         Corporate,     Institutional,
                                konsep, yaitu estimasi jumlah                                       estimated amount of loss on                                               Kelembagaan,        Financial                                        Financial       Institutions,
                                kerugian aset keuangan dan                                          financial    assets    and   the                                          Institutions,    Commercial                                          Commercial,    and      SME
                                estimasi jumlah yang dapat                                          estimated amount that can be                                              dan SME Banking; dan                                                 Banking segments; and
                                diperoleh kembali. Metode                                           recovered. The method used are                                       c. Seluruh kredit segmen                                             c.   All loans in the Micro
                                yang       digunakan        adalah                                  discounted cash flow or fair                                              Micro       Banking       dan                                        Banking and Consumer
                                discounted cash flow atau                                           value of collateral method. The
                                metode fair value of collateral.                                    Bank uses the fair value of                                               Consumer.                                                            segments.
                                Bank menggunakan metode                                             collateral method as future cash
                                fair value of collateral sebagai                                    flows if it meets one of the                                         Secara garis besar, seluruh                                          In general, all loan portfolios for
                                arus kas masa datang apabila                                        following conditions:                                                portofolio kredit yang evaluasi                                      which impairment evaluation is
                                memenuhi salah satu kondisi                                                                                                              penurunan      nilainya   tidak                                      not    calculated    using      the
                                berikut:                                                                                                                                 dihitung menggunakan metode                                          individual   method      will    be
                                1. Kredit bersifat collateral                                       1.   Loans        is      collateral                                 individual, akan dievaluasi                                          evaluated using the collective
                                      dependent,      yaitu    jika                                      dependent,        if     loans
                                      pelunasan kredit hanya                                             repayment source only from                                      menggunakan metode kolektif.                                         method.
                                      bersumber dari agunan;                                             collateral;
                                2. Sulit untuk menentukan                                           2.   It is difficult to reliably                                2)   Evaluasi Penurunan Nilai                                         2) Impairment Evaluation
                                      jumlah      dan        waktu                                       determine the amount and
                                      penerimaan estimasi arus                                           timing of receipt of the                                        Evaluasi    penurunan      nilai                                     The evaluation of collective
                                      kas yang berasal dari                                              estimated cash flow from                                        secara    kolektif  didasarkan                                       impairment is based on the
                                      pokok    kredit     dan/atau                                       loan      principal    and/or                                   pada konsep Probability of                                           concepts of Probability of Default
                                      bunga    dengan        andal;                                      interest; and/or;
                                      dan/atau                                                                                                                           Default (PD), Loss Given                                             (PD), Loss Given Default (LGD),
                                3. Pengambilalihan agunan                                           3.   Foreclosure of collateral is                                    Default (LGD) dan Exposure at                                        and Exposure at Default (EAD)
                                      kemungkinan besar terjadi                                          likely to occur and is                                          Default       (EAD)       yang                                       which consider past, current, and
                                      dan didukung dengan                                                supported by legal binding                                      mempertimbangkan informasi                                           future information.
                                      aspek legal pengikatan                                             aspects of collateral.                                          masa lalu, terkini, dan masa
                                      agunan.                                                                                                                            mendatang.


                                                                           75                                                                                                                                        76
PT BANK MANDIRI (PERSERO) TBK                               1354                                                                                                                                               1355                                        ANNUAL REPORT 2024
Page 400
          FINANCIAL STATEMENTS 2024


                                              PT BANK MANDIRI (PERSERO) Tbk.                                                                                                          PT BANK MANDIRI (PERSERO) Tbk.
                                         DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE CONSOLIDATED               CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                            FINANCIAL STATEMENTS             KONSOLIDASIAN                                                                                          FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                            31 DECEMBER 2024 AND 2023            31 DESEMBER 2024 DAN 2023                                                                          31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                   (Expressed in millions of Rupiah, unless otherwise stated)     (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                           2.     MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                              (continued)                                                  2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                         2.     MATERIAL ACCOUNTING POLICY INFORMATION
                                                                                                                                               (lanjutan)                                                            (continued)
     c.    Instrumen keuangan (lanjutan)                                     c. Financial instruments (continued)
                                                                                                                                               c.   Instrumen keuangan (lanjutan)                                    c. Financial instruments (continued)
           H.   Cadangan kerugian penurunan nilai aset                           H.   Allowance for impairment             losses    of
                keuangan (lanjutan)                                                   financial assets (continued)                                  H.   Cadangan kerugian penurunan nilai aset                          H.   Allowance for impairment             losses     of
                                                                                                                                                         keuangan (lanjutan)                                                  financial assets (continued)
                3.   Metode penurunan nilai (lanjutan)                                3.   Impairment method (continued)
                                                                                                                                                         3.   Metode penurunan nilai (lanjutan)                               3.   Impairment method (continued)
                     Grup melakukan evaluasi penurunan                                     The Group evaluates the impairment
                     nilai dengan metode sebagai berikut                                   using the following methods (continued):
                     (lanjutan):                                                                                                                              Grup melakukan evaluasi penurunan                                    The Group evaluates the impairment
                                                                                                                                                              nilai dengan metode sebagai berikut                                  using the following methods (continued):
                     b)   Metode Kolektif (lanjutan)                                       b)   Collective Method (continued)                                 (lanjutan):

                          2)    Evaluasi     Penurunan        Nilai                             2) Impairment               Evaluation                        b)   Metode Kolektif (lanjutan)                                      b)   Collective Method (continued)
                                (lanjutan)                                                         (continued)
                                                                                                                                                                   2)   Evaluasi     Penurunan      Nilai                               2) Impairment               Evaluation
                                a.   Probability of Default                                         a.   Probability of Default                                         (lanjutan)                                                         (continued)
                                     Bank          menggunakan                                           The Bank uses the Basel,                                       b.   Loss Given Default                                             b.   Loss Given Default
                                     metode Basel, Vasicek,                                              Vasicek,      Roll     Rate
                                     Roll Rate Transition Matrix                                         Transition Matrix, and other
                                     maupun          pendekatan                                          approaches in determining                                           Bank          menggunakan                                           The Bank uses Basel and
                                     lainnya dalam menentukan                                            the PD value of each debtor.                                        metode       Basel      dan                                         Historical     methods       in
                                     nilai PD dari setiap debitur.                                                                                                           Historical           dalam                                          determining the LGD value
                                                                                                                                                                             menentukan nilai LGD dari                                           of    each     debtor.    LGD
                                     Metode Basel dilakukan                                              The Basel method is                                                 setiap              debitur.                                        describes      the     nominal
                                     dengan          menentukan                                          performed by determining                                            LGD        menggambarkan                                            percentage of the facility
                                     hubungan antara PD suatu                                            the relationship between a                                          persentase         nominal                                          that the Bank will not be
                                     debitur              dengan                                         debtor's PD with the internal                                       fasilitas yang tidak akan                                           able to recover against the
                                     karakteristik internal dari                                         characteristics    of    that                                       dapat dipulihkan oleh Bank                                          default debtor. Regular LGD
                                     debitur                yang                                         debtor. The Basel model                                             terhadap debitur default.                                           is calculated with formula 1-
                                     bersangkutan.         Model                                         that has been obtained is                                           LGD       biasa    dihitung                                         Recovery        Rate.      The
                                     Basel        yang      telah                                        used as the basis for
                                     didapatkan        digunakan                                         determining the PD value of                                         dengan       formula      1-                                        recovery rate is calculated
                                     sebagai dasar penentuan                                             each debtor.                                                        Recovery Rate. Recovery                                             by considering the Time
                                     nilai PD dari setiap debitur.                                                                                                           rate               dihitung                                         Value of Money from the
                                                                                                                                                                             mempertimbangkan Time                                               recovery of the default
                                     Metode Vasicek adalah                                               The Vasicek method is a                                             Value of Money dari                                                 obligation. The interest rate
                                     metode penentuan PD                                                 method of determining PD                                            pengembalian kewajiban                                              used to calculate the Time
                                     menggunakan       formula                                           using the asset correlation                                         yang telah default. Tingkat                                         Value of Money of Recovery
                                     korelasi aset yang telah                                            formula that has been                                               suku       bunga      yang                                          is the Effective Interest Rate
                                     ditentukan   oleh   Basel                                           determined by the Basel                                             digunakan             untuk                                         (EIR).
                                     Committee.                                                          Committee.                                                          menghitung Time Value of
                                                                                                                                                                             Money      dari   Recovery
                                     Metode       Roll     Rate                                          The Roll Rate Transition
                                     Transition           Matrix                                         Matrix method uses the                                              adalah Effective Interest
                                     menggunakan       historical                                        historical transition bucket                                        Rate (EIR).
                                     transition   bucket     PD.                                         PD. PD buckets used in
                                     Bucket       PD       yang                                          historical calculations are as                                      Metode Basel dilakukan                                              The Basel method is carried
                                     digunakan            dalam                                          follows:                                                            dengan          menentukan                                          out by determining the
                                     perhitungan       historical                                                                                                            hubungan antara LGD                                                 relationship  between     a
                                     adalah sebagai berikut:                                                                                                                 suatu    debitur     dengan                                         debtor's LGD and the
                                     1. Bucket 1: Lancar                                                 1.   Bucket 1: Current                                              karakteristik internal dari                                         internal characteristics of
                                     2. Bucket 2: 1-30 days                                              2.   Bucket 2: 1-30 days                                            debitur                yang                                         the debtor concerned. The
                                          past due (DPD)                                                      past due (DPD)                                                 bersangkutan.         Model                                         Basel model that has been
                                     3. Bucket 3: 31-60 dpd                                              3.   Bucket 3: 31-60 dpd                                            Basel        yang      telah                                        obtained is used as the
                                     4. Bucket 4: 61-90 dpd                                              4.   Bucket 4: 61-90 dpd
                                     5. Bucket 5: >90 dpd                                                5.   Bucket 5: >90 dpd                                              didapatkan        digunakan                                         basis     for  determining
                                                                                                                                                                             sebagai dasar penentuan                                             the LGD value of each
                                     PD       Forward-Looking                                            PD Forward-Looking Macro                                            nilai LGD dari setiap                                               debtor.
                                     Macro Adjustment adalah                                             Adjustment is a method                                              debitur.
                                     metode yang digunakan                                               used       to      determine
                                     untuk menentukan nilai PD                                           the forward    looking   PD                                         Metode          Historical                                          Historical method is done by
                                     forward    looking    dari                                          value of both Basel and Roll                                        dilakukan         dengan                                            calculating the average
                                     pendekatan baik Basel                                               Rate approaches based on                                            menghitung rata-rata nilai                                          value of LGD in the long
                                     maupun       Roll    Rate                                           the historical relationship                                         LGD dalam periode jangka                                            term observation period in
                                     berdasarkan      hubungan                                           between       the      macro                                        panjang pada segmen                                                 the respective segment.
                                     historis  antara    makro                                           economy and the PD value                                            yang dimaksud.
                                     ekonomi dengan nilai PD                                             of the Bank.
                                     Bank.



                                                                           77
PT BANK MANDIRI (PERSERO) TBK                                 1356                                                                                                                                          135778                                       ANNUAL REPORT 2024
Page 401
          FINANCIAL STATEMENTS 2024


                                              PT BANK MANDIRI (PERSERO) Tbk.                                                                                                         PT BANK MANDIRI (PERSERO) Tbk.
                                         DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                               DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED               CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                           FINANCIAL STATEMENTS             KONSOLIDASIAN                                                                                          FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                           31 DECEMBER 2024 AND 2023            31 DESEMBER 2024 DAN 2023                                                                          31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                  (Expressed in millions of Rupiah, unless otherwise stated)     (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)


2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                          2.     MATERIAL ACCOUNTING POLICY INFORMATION                       2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                         2.     MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                             (continued)                                                       (lanjutan)                                                            (continued)

     c.    Instrumen keuangan (lanjutan)                                    c. Financial instruments (continued)                              c.   Instrumen keuangan (lanjutan)                                    c. Financial instruments (continued)

           H.   Cadangan kerugian penurunan nilai aset                          H.   Allowance for impairment             losses    of             H.   Cadangan kerugian penurunan nilai aset                          H.   Allowance for impairment               losses   of
                keuangan (lanjutan)                                                  financial assets (continued)                                       keuangan (lanjutan)                                                  financial assets (continued)

                3.   Metode penurunan nilai (lanjutan)                               3.   Impairment method (continued)                                 3.   Metode penurunan nilai (lanjutan)                               3.   Impairment method (continued)

                     Grup melakukan evaluasi penurunan                                    The Group evaluates the impairment                                 Grup melakukan evaluasi penurunan                                    The Group evaluates the impairment
                     nilai dengan metode sebagai berikut                                  using the following methods (continued):                           nilai dengan metode sebagai berikut                                  using the following methods (continued):
                     (lanjutan):                                                                                                                             (lanjutan):

                     b)   Metode Kolektif (lanjutan)                                      b)   Collective Method (continued)                                 b)   Metode Kolektif (lanjutan)                                      b)   Collective Method (continued)
                          2)    Evaluasi     Penurunan       Nilai                             2) Impairment              Evaluation                              2)   Evaluasi     Penurunan       Nilai                              2) Impairment                Evaluation
                                (lanjutan)                                                        (continued)                                                          (lanjutan)                                                         (continued)
                                b.   Loss       Given      Default                                 b.   Loss      Given        Default                                 c.   Exposure      at     Default                                   c.   Exposure       at      Default
                                     (lanjutan)                                                         (continued)                                                         (lanjutan)                                                          (continued)
                                     Forward-Looking     Macro                                          Forward-Looking       Macro                                         Metode Expected Lifetime                                            The     Expected     Lifetime
                                     Adjustment pada LGD                                                Adjustment in LGD is a                                              ialah       metode      yang                                        method is a method that
                                     adalah     metode    yang                                          method used to determine                                            mempelajari        behaviour                                        studies the behavior of the
                                     digunakan            untuk                                         the forward looking LGD                                             dari tingkat penyelesaian                                           debtor's level of settlement
                                     menentukan nilai LGD                                               value based on the historical                                       fasilitas (lunas atau hapus                                         (paid off or write off)
                                     forward            looking                                         relationship       between
                                                                                                                                                                            buku)                 debitur                                       compared to the facility
                                     berdasarkan     hubungan                                           macroeconomics and the
                                     historis            antara                                         Bank's LGD value. If there is                                       dibandingkan         dengan                                         settlement schedule.
                                     makroekonomi       dengan                                          no relationship between                                             jadwal         penyelesaian
                                     nilai LGD Bank. Jika tidak                                         macroeconomics and the                                              fasilitas.
                                     didapatkan      hubungan                                           Bank's LGD value, the Bank
                                     antara      makroekonomi                                           may not use Forward-                                           d.   Expected Credit Loss                                           d.   Expected Credit Loss
                                     dengan nilai LGD Bank,                                             Looking in determining the
                                     maka Bank tidak dapat                                              LGD value.                                                          Secara umum formula                                                 In general, the formula for
                                     menggunakan      Forward-                                                                                                              untuk menghitung ECL                                                calculating collective ECL is
                                     Looking dalam penentuan                                                                                                                secara kolektif adalah                                              the      multiplication    of
                                     nilai LGD.                                                                                                                             pengkalian            antara                                        Probability of Default, Loss
                                                                                                                                                                            Probability of Default, Loss                                        Given       Default,     and
                                c.   Exposure at Default                                           c.   Exposure at Default                                                 Given      Default,      dan                                        Exposure at Default.
                                                                                                                                                                            Exposure at Default.
                                     Dalam menentukan nilai                                             In determining the EAD
                                     EAD dari setiap debitur,                                           value of each debtor, the                                           Dalam          menghitung                                           In calculating the amount of
                                     Bank         menggunakan                                           Bank uses the Basel,                                                besarnya         cadangan                                           collective impairment, the
                                     metode              Basel,                                         Prepayment     Rate,   and                                          kerugian penurunan nilai                                            Bank uses the loan carrying
                                     Prepayment Rate dan                                                Expected Lifetime method.                                           kolektif,             Bank                                          value which the impairment
                                     Expected Lifetime. EAD                                             EAD describes the exposure                                          menggunakan nilai saldo                                             value        is     assessed
                                     menggambarkan exposure                                             that will be borne by the                                           rekening kredit dari yang                                           collectively.
                                     yang akan ditanggung                                               Bank if there is a debtor                                           penurunan          nilainya
                                     Bank jika terdapat debitur                                         become defaults.                                                    dievaluasi secara kolektif.
                                     yang default.
                                                                                                                                                                            Perhitungan     cadangan                                            Calculation of impairment is
                                     Metode     Basel     dalam                                         The Basel method in                                                 kerugian penurunan nilai                                            done     for    each    stage
                                     perhitungan           EAD                                          calculating     EAD      is                                         sesuai     pada   masing-                                           according         to       the
                                     dilakukan           dengan                                         performed by determining                                            masing stage sesuai pada                                            characteristics      of    the
                                     menentukan       hubungan                                          the relationship between a                                          karakteristik      staging.                                         staging. The calculation
                                     antara EAD suatu debitur                                           debtor's EAD and the                                                Metode perhitungan pada                                             method for each stage is as
                                     dengan         karakteristik                                       internal characteristics of                                         masing-masing        stage                                          follows:
                                     internal dari debitur yang                                         the respective debtor.
                                                                                                                                                                            adalah sebagai berikut:
                                     bersangkutan.
                                                                                                                                                                            1. Stage 1: 12-months                                               1.   Stage 1: 12-months
                                     Metode Prepayment Rate                                             The       Prepayment    Rate                                            ECL                                                                  ECL
                                     ialah     metode     yang                                          method is a method that                                             2. Stage 2: Lifetime ECL                                            2.   Stage 2: Lifetime ECL
                                     mempelajari      behaviour                                         studies the behavior of the                                         3. Stage 3: Lifetime ECL                                            3.   Stage 3: Lifetime ECL
                                     dari tingkat pembayaran                                            debtor's payment rate that is
                                     debitur yang lebih besar                                           bigger than the scheduled                                           12-Months ECL adalah                                                12-Months ECL is the
                                     dibandingkan       dengan                                          facility payment amount.                                            perhitungan       kerugian                                          calculation of the expected
                                     besaran        pembayaran                                                                                                              ekspektasian          yang                                          loss for the next 1 year.
                                     fasilitas    yang    telah                                                                                                             dihitung untuk 1 tahun ke
                                     dijadwalkan.                                                                                                                           depan.


                                                                                                                                                                                                                  80
PT BANK MANDIRI (PERSERO) TBK                               1358          79                                                                                                                                1359                                        ANNUAL REPORT 2024
Page 402
          FINANCIAL STATEMENTS 2024


                                              PT BANK MANDIRI (PERSERO) Tbk.                                                                                                      PT BANK MANDIRI (PERSERO) Tbk.
                                         DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                            DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED              CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                          FINANCIAL STATEMENTS            KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                          31 DECEMBER 2024 AND 2023           31 DESEMBER 2024 DAN 2023                                                                         31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)    (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                         2.     MATERIAL ACCOUNTING POLICY INFORMATION                      2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                        2.     MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                            (continued)                                                      (lanjutan)                                                           (continued)
     c.    Instrumen keuangan (lanjutan)                                   c. Financial instruments (continued)                             c.   Instrumen keuangan (lanjutan)                                   c. Financial instruments (continued)
           H.   Cadangan kerugian penurunan nilai aset                         H.   Allowance for impairment            losses    of
                keuangan (lanjutan)                                                 financial assets (continued)                                 H.   Cadangan kerugian penurunan nilai aset                         H.   Allowance for impairment            losses     of
                                                                                                                                                      keuangan (lanjutan)                                                 financial assets (continued)
                3.   Metode penurunan nilai (lanjutan)                              3.   Impairment method (continued)
                                                                                                                                                      4.   Pendapatan bunga sebelum dan                                   4.   Interest income before         and    after
                     Grup melakukan evaluasi penurunan                                   The Group evaluates the impairment                                sesudah penurunan nilai (lanjutan)                                  impairment (continued)
                     nilai dengan metode sebagai berikut                                 using the following methods (continued):
                     (lanjutan):                                                                                                                           Pendapatan bunga dari aset keuangan                                 Interest income from impaired financial
                                                                                                                                                           yang mengalami penurunan nilai (stage                               assets (stage 3 or POCI) is calculated by
                     b)   Metode Kolektif (lanjutan)                                     b)   Collective Method (continued)                                3 atau POCI) dilakukan dengan                                       applying an effective interest rate on the
                                                                                                                                                           menerapkan suku bunga efektif atas                                  net carrying amount of financial assets,
                          2)    Evaluasi     Penurunan      Nilai                             2) Impairment              Evaluation                        jumlah tercatat neto aset keuangan yaitu                            which is the outstanding amount after
                                (lanjutan)                                                       (continued)
                                                                                                                                                           jumlah saldo setelah dikurangi dengan                               deducting losses due to impairment for:
                                d.   Expected     Credit    Loss                                  d.   Expected    Credit      Loss                        kerugian akibat penurunan nilai untuk:
                                     (lanjutan)                                                        (continued)
                                                                                                                                                           a)   Aset Keuangan yang Dibeli atau                                 a)   Financial Assets Purchased or
                                     ECL-Lifetime       adalah                                         ECL-Lifetime      is     the                             Berasal dari Aset Keuangan                                          Originated Credit-Impaired Financial
                                     perhitungan      kerugian                                         calculation of the expected                              Memburuk (“POCI”)                                                   Assets (“POCI”)
                                     ekspektasian         yang                                         loss which is calculated for
                                     dihitung untuk sisa tenor                                         the remaining tenor of the                               Untuk aset keuangan tersebut,                                       For these financial assets, the Group
                                     fasilitas.                                                        facility.                                                Grup menerapkan suku bunga                                          applies a risk-adjusted effective
                                                                                                                                                                efektif yang disesuaikan dengan                                     interest rate on the amortised cost of
                                     Dalam perhitungan ECL                                             Every year in calculating the                            risiko kredit (risk-adjusted effective                              the financial assets since initial
                                     setiap             tahun                                          ECL uses the discount                                    interest rate) atas biaya perolehan                                 recognition.
                                     menggunakan     discount                                          factor based on formula that                             diamortisasi dari aset keuangan
                                     factor dengan formula                                             the Group has formulated.                                sejak pengakuan awal.
                                     yang      Grup      telah
                                     rumuskan.
                                                                                                                                                           b)   Stage 3                                                        b)   Stage 3
                                     Probability weighted dalam                                        The probability weighted in
                                     perhitungan      cadangan                                         the      calculation      of                             Untuk aset keuangan tersebut,                                       For these financial assets, the Group
                                     kerugian penurunan nilai                                          impairment      has   been                               Grup menerapkan suku bunga                                          applies an effective interest rate on
                                     telah ditentukan oleh Grup                                        determined by the Group                                  efektif  atas    biaya   perolehan                                  the amortised cost of financial assets
                                     mencakup        persentase                                        which      includes     the                              diamortisasi dari aset keuangan di                                  in the reporting period, which is the
                                     skenario optimis, normal,                                         percentage of optimistic,                                periode pelaporan, yaitu nilai yang                                 amount that has been reduced by
                                     dan pesimis.                                                      normal, and pessimistic                                  telah dikurangi kerugian akibat                                     any impairment losses.
                                                                                                       scenarios.                                               penurunan nilai.

                                     Total rata-rata tertimbang                                        The total weighted of the                           Pendapatan bunga selanjutnya diakui                                 Interest   income     is    subsequently
                                     atas estimasi arus kas                                            estimated     cash      flow                        atas dasar suku bunga yang digunakan                                recognised based on of the interest rate
                                     dimaksud            menjadi                                       becomes a deduction from
                                                                                                                                                           untuk mendiskonto arus kas masa                                     used to discount future cash flows in
                                     pengurang      atas    nilai                                      the carrying amount of the
                                                                                                                                                           depan dalam pengukuran kerugian                                     measuring impairment losses or what is
                                     tercatat    kredit    yang                                        loans, where the difference
                                     dimana selisihnya akan                                            will be the allowance for                           penurunan nilai atau yang disebut                                   known as unwinding interest.
                                     menjadi          cadangan                                         impairment on loans.                                dengan unwinding interest.
                                     kerugian penurunan nilai
                                     kredit.                                                                                                          5.   Penyisihan kerugian aset produktif                             5.   Allowance for possible losses on
                                                                                                                                                           Entitas Anak berbasis syariah                                       earning assets of Subsidiary based on
                4.   Pendapatan bunga sebelum               dan                     4.   Interest income       before   and    after                                                                                           sharia
                     sesudah penurunan nilai                                             impairment
                                                                                                                                                           Cadangan kerugian penurunan nilai atas                              Allowance for impairment losses on
                     Sebelum terjadinya penurunan nilai                                  Prior to impairment (stage 1 & 2), interest                       piutang murabahah yang dinilai secara                               murabahah receivable is calculated based
                     (stage 1 & 2), pendapatan bunga                                     income is calculated using the effective                          kolektif dihitung berdasarkan PSAK 402                              on collective method according to SFAS
                     dihitung menggunakan metode bunga                                   interest method, by applying an effective                         “Akuntansi Murabahah” dan ISAK 402                                  402 “Accounting for Murabahah” and
                     efektif yaitu dengan menerapkan suku                                interest rate to the gross carrying amount                        “Penurunan Nilai Piutang Murabahah”.                                Interpretation of Financial Accounting
                     bunga efektif atas jumlah tercatat bruto                            of financial assets except for financial
                                                                                                                                                                                                                               Standard (“IFAS”) 402 “Impairment Loss
                     aset keuangan kecuali untuk aset                                    assets purchased or originated from
                                                                                                                                                                                                                               for Murabahah Receivables”.
                     keuangan yang dibeli atau yang berasal                              impaired financial assets.
                     dari aset keuangan memburuk.



                                                                         81                                                                                                                                    82
PT BANK MANDIRI (PERSERO) TBK                              1360                                                                                                                                          1361                                       ANNUAL REPORT 2024
Page 403
          FINANCIAL STATEMENTS 2024


                                              PT BANK MANDIRI (PERSERO) Tbk.                                                                                                         PT BANK MANDIRI (PERSERO) Tbk.
                                         DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                               DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE CONSOLIDATED               CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                            FINANCIAL STATEMENTS             KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                            31 DECEMBER 2024 AND 2023            31 DESEMBER 2024 DAN 2023                                                                         31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                   (Expressed in millions of Rupiah, unless otherwise stated)     (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)


2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                           2.     MATERIAL ACCOUNTING POLICY INFORMATION                       2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                        2.     MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                              (continued)                                                       (lanjutan)                                                           (continued)

     c.    Instrumen keuangan (lanjutan)                                     c. Financial instruments (continued)                              c.   Instrumen keuangan (lanjutan)                                   c. Financial instruments (continued)

           H.   Cadangan kerugian penurunan nilai aset                           H.   Allowance for impairment             losses    of             H.   Cadangan kerugian penurunan nilai aset                         H.   Allowance for impairment            losses    of
                keuangan (lanjutan)                                                   financial assets (continued)                                       keuangan (lanjutan)                                                 financial assets (continued)

                5.   Penyisihan kerugian aset produktif                               5.   Allowance for possible losses on                              5.   Penyisihan kerugian aset produktif                             5.   Allowance for possible losses on
                     Entitas    Anak berbasis   syariah                                    earning assets of Subsidiary based on                              Entitas    Anak berbasis   syariah                                  earning assets of Subsidiary based on
                     (lanjutan)                                                            sharia (continued)                                                 (lanjutan)                                                          sharia (continued)

                                                                                                                                                              (a) Aset    keuangan      yang    dicatat                           (a) Financial assets carried at amortised
                     (a) Aset    keuangan   yang    dicatat                                (a) Financial assets carried at amortised                              berdasarkan      biaya     perolehan                                cost (continued)
                         berdasarkan    biaya    perolehan                                     cost                                                               diamortisasi (lanjutan)
                         diamortisasi
                                                                                                                                                                       Pedoman         pembentukan                                        The      guidelines  for   the
                         1.     Aset produktif terdiri dari giro                               1.   Earning assets consist of current                                  penyisihan   kerugian    aset                                      establishment of allowance for
                                dan penempatan pada Bank                                            account and placements with                                        produktif berdasarkan POJK                                         impairment losses on earning
                                Indonesia      dalam       bentuk                                   Bank Indonesia in the form of                                      tersebut   adalah     sebagai                                      assets      based    on    the
                                Sertifikat   Bank      Indonesia                                    Bank        Indonesia       Sharia                                 berikut:                                                           aforementioned FSA Regulation
                                Syariah     (SBIS),       Fasilitas                                 Certificate    (Sertifikat    Bank                                                                                                    are as follows:
                                Simpanan Bank Indonesia                                             Indonesia Syariah (SBIS)), Bank
                                Syariah (FASBIS), Tagihan                                           Indonesia Sharia Deposit Facility                                  a)   Cadangan             umum,                                    a)   General reserve, shall be no
                                Reverse Repo SBSN BI, Term                                          (Fasilitas     Bank      Indonesia                                      sekurang-        kurangnya                                         less than 1% of total
                                Deposit Valas Syariah BI, giro                                      Syariah (FASBIS)), Reverse                                              sebesar 1% dari aset                                               earning assets classified as
                                pada     bank     syariah     lain,                                 Repo Receivables State Sharia                                           produktif yang digolongkan                                         current, excluding Bank
                                penempatan pada bank syariah                                        Certificates (Surat Berharga                                            lancar, tidak termasuk                                             Indonesia               Sharia
                                lain, investasi pada surat                                          Syariah Negara (SBSN)) BI,                                              SBIS dan surat berharga                                            Certificates     and     debt
                                berharga, penyertaan modal                                          Term Deposit Foreign Currency                                           yang             diterbitkan                                       securities issued by the
                                sementara,                 piutang                                  Sharia BI, current accounts with                                        pemerintah berdasarkan                                             Government       based     on
                                murabahah,           pembiayaan                                     other sharia banks, placement                                           prinsip    syariah,    serta                                       sharia principles, and part of
                                musyarakah dan mudharabah                                           with     other   sharia     banks,                                      bagian aset produktif yang                                         earning assets guaranteed
                                dan      pembiayaan        syariah                                  investment      in      marketable                                      dijamin dengan jaminan                                             by government and cash
                                lainnya (termasuk pinjaman                                          securities, temporary equity                                            pemerintah dan agunan                                              collateral in the form of
                                qardh), dan komitmen dan                                            participation,          murabahah                                       tunai      berupa       giro,                                      demand deposits, saving
                                kontinjensi yang memiliki risiko                                    receivables, musyarakah and                                             tabungan,         deposito,                                        deposits, time deposits,
                                kredit seperti bank garansi dan                                     mudharabah financing and other                                          setoran jaminan, dan/atau                                          guarantee deposits, and/or
                                letter of credit (“L/C”) yang                                       sharia financing (including funds                                       emas yang diblokir dan                                             gold which are pledged and
                                tidak dapat dibatalkan dan                                          of qardh), and commitments and                                          disertai   dengan      surat                                       accompanied        with   the
                                standby letter of credit.                                           contingencies with credit risk,                                         kuasa pencairan.                                                   power      of   attorney    to
                                                                                                    such as bank guarantees,                                                                                                                   liquidate.
                                                                                                    irrevocable letter of credit (“LC”)
                                                                                                    and standby letter of credit.                                      b)   Cadangan            khusus,                                   b)   Special reserve shall be at
                                                                                                                                                                            sekurang-        kurangnya                                         least:
                                Penyisihan    kerugian     aset                                     Allowance for impairment losses                                         sebesar:
                                produktif   dan    aset    non-                                     of earning assets and non-                                              -   5% dari aset produktif                                         Ͳ   5% of earning assets
                                produktif bank umum yang                                            earning assets for commercial                                               yang       digolongkan                                             classified as Special
                                melaksanakan          kegiatan                                      bank     conducting    business                                             Dalam         Perhatian                                            Mention after deducting
                                berdasarkan prinsip syariah                                         based on sharia principles is                                               Khusus           setelah                                           collateral value;
                                diatur dalam Peraturan Otoritas                                     regulated on Financial Services                                             dikurangi nilai agunan;                                        Ͳ   15% of earning assets
                                Jasa      Keuangan      (POJK)                                      Authority Regulation (“POJK”)                                           -   15%       dari      aset                                           classified             as
                                No. 2/POJK.03/2022 tanggal                                          No.    2/POJK.03/2022     dated                                             produktif          yang                                            Substandard          after
                                                                                                                                                                                digolongkan Kurang                                                 deducting       collateral
                                31 Januari 2022 tentang                                             31 January 2022 regarding
                                                                                                                                                                                Lancar           setelah                                           value;
                                “Penilaian Kualitas Aset Bank                                       "Asset Quality Assessment for
                                                                                                                                                                                dikurangi nilai agunan;
                                Umum Syariah dan Unit Usaha                                         Sharia Commercial Banks and
                                                                                                                                                                            -   50%       dari      aset                                       Ͳ   50% of earning assets
                                Syariah”,     serta       POJK                                      Sharia Business Units", and
                                                                                                                                                                                produktif          yang                                            classified as Doubtful
                                No. 12/POJK.03/2015 tanggal                                         POJK No. 12/POJK.03/2015                                                    digolongkan                                                        after          deducting
                                21 Agustus 2015 tentang                                             dated 21 August 2015 regarding                                              Diragukan        setelah                                           collateral value;
                                Ketentuan         Kehati-hatian                                     “Prudential Principle Provisions                                            dikurangi nilai agunan;
                                dalam      Rangka     Stimulus                                      for Sharia Banks and Sharia                                             -   100%      dari      aset                                       Ͳ   100% of earning assets
                                Perekonomian Nasional bagi                                          Commercial Business Units                                                   produktif          yang                                            classified as Loss after
                                Bank Umum Syariah dan Unit                                          to Stimulate      the   National                                            digolongkan       Macet                                            deducting      collateral
                                Usaha Syariah.                                                      Economy”.                                                                   setelah dikurangi nilai                                            value.
                                                                                                                                                                                agunan.



                                                                           83                                                                                                                                     84
PT BANK MANDIRI (PERSERO) TBK                               1362                                                                                                                                            1363                                      ANNUAL REPORT 2024
Page 404
          FINANCIAL STATEMENTS 2024


                                              PT BANK MANDIRI (PERSERO) Tbk.                                                                                                        PT BANK MANDIRI (PERSERO) Tbk.
                                         DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                              DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED                CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                          FINANCIAL STATEMENTS              KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                          31 DECEMBER 2024 AND 2023             31 DESEMBER 2024 DAN 2023                                                                         31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)      (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                         2.     MATERIAL ACCOUNTING POLICY INFORMATION                        2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                        2.     MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                            (continued)                                                        (lanjutan)                                                           (continued)
     c.    Instrumen keuangan (lanjutan)                                   c. Financial instruments (continued)
                                                                                                                                              c.   Instrumen keuangan (lanjutan)                                   c. Financial instruments (continued)
           H.   Cadangan kerugian penurunan nilai aset                         H.   Allowance for impairment             losses     of
                keuangan (lanjutan)                                                 financial assets (continued)                                   H.   Cadangan kerugian penurunan nilai aset                         H.   Allowance for impairment             losses     of
                                                                                                                                                        keuangan (lanjutan)                                                 financial assets (continued)
                5.   Penyisihan kerugian aset produktif                             5.   Allowance for possible losses on
                     Entitas    Anak berbasis   syariah                                  earning assets of Subsidiary based on                          5.   Penyisihan kerugian aset produktif                             5.   Allowance for possible losses on
                     (lanjutan)                                                          sharia (continued)                                                  Entitas    Anak berbasis   syariah                                  earning assets of Subsidiary based on
                     (a) Aset    keuangan      yang    dicatat                           (a) Financial assets carried at amortised                           (lanjutan)                                                          sharia (continued)
                         berdasarkan      biaya     perolehan                                cost (continued)
                         diamortisasi (lanjutan)                                                                                                             (a) Aset    keuangan      yang    dicatat                           (a) Financial assets carried at amortised
                                                                                                                                                                 berdasarkan      biaya     perolehan                                cost (continued)
                                Pedoman          pembentukan                                     The      guidelines    for  the                                 diamortisasi (lanjutan)
                                penyisihan    kerugian    aset                                   establishment of allowance for
                                produktif berdasarkan POJK                                       impairment losses on earning                                    Sesuai      dengan    PSAK    402                                   In accordance with SFAS No. 402
                                tersebut adalah sebagai berikut                                  assets      based      on   the                                 "Akuntansi      Murabahah"    dan                                   “Accounting for Murabahah” and
                                (lanjutan):                                                      aformentioned FSA Regulation                                    Pedoman Akuntansi Perbankan                                         Indonesia       Sharia      Banking
                                                                                                 are as follows (continued):
                                                                                                                                                                 Syariah Indonesia (PAPSI Revisi                                     Accounting     Guidelines    (PAPSI
                                c)   Kewajiban             untuk                                  c)   The        requirement      to                            2013), Entitas Anak menghitung                                      Revised 2013), the Subsidiary
                                     membentuk       penyisihan                                        establish allowance for                                   CKPN individual untuk piutang                                       calculates individual allowance for
                                     kerugian aset produktif                                           impairment losses shall not                               murabahah        sesuai    dengan                                   impairment losses for murabahah
                                     tidak berlaku bagi aset                                           be applicable for earning                                 ketentuan di ISAK 402 “Penurunan                                    receivables in accordance with IFAS
                                     produktif untuk transaksi                                         assets       under    leasing                             Nilai Piutang Murabahah”.                                           No. 402 “Impairment of Murabahah
                                     sewa dengan perpindahan                                           transactions in the form of                                                                                                   Receivables”.
                                     hak milik berupa akad                                             ijarah or ijarah muntahiyah
                                     ijarah     atau       ijarah                                      bittamlik. The Subsidiary is
                                     muntahiyah        bittamlik.                                      required                    to                            Entitas Anak menetapkan piutang                                    The         Subsidiary       determines
                                     Entitas    Anak        wajib                                      depreciate/amortize       the                             murabahah yang harus dievaluasi                                    murabahah        receivables    to   be
                                     membentuk penyusutan/                                             assets of ijarah muntahiyah                               penurunan          nilainya     secara                             evaluated for impairment through
                                     amortisasi terhadap aset                                          bittamlik.                                                individual, jika memenuhi salah satu                               individual evaluation if one of the
                                     ijarah         muntahiyah                                                                                                   kriteria di bawah ini:                                             following criteria is met:
                                     bittamlik.                                                                                                                  1) Piutang murabahah memiliki                                      1) Murabahah receivables which
                                                                                                                                                                      kolektibilitas kurang lancar,                                      have collectability status as
                                Khusus untuk kualitas surat                                      For marketable securities and                                        diragukan dan macet, dan                                           substandard, doubtful and loss,
                                berharga dan penempatan                                          placements to the Subsidiary,
                                pada Entitas Anak ditetapkan                                     the collectability is classified into                                memiliki saldo nilai piutang                                       and have an individual receivables
                                menjadi 3 (tiga) golongan yaitu                                  3 (three) categories: current,                                       secara individual di atas atau                                     balance of above or equal to
                                lancar, kurang lancar dan                                        substandard,         and        loss.                                sama dengan Rp10.000; dan                                          Rp10,000; and
                                macet.     Sedangkan      untuk                                  collectabilty of investment in                                  2) Piutang        murabahah       yang                             2) Murabahah receivables that are
                                kualitas penyertaan modal                                        shares is determined into 4                                          direstrukturisasi atau pernah                                      restructured     or   had     been
                                kualitasnya ditetapkan menjadi                                   (four)     categories:       current,                                direstrukturisasi      dan   yang                                  restructured and which individually
                                4 (empat) golongan yaitu                                         substandard, doubtful and loss.                                      secara individual memiliki saldo                                   have a balance of receivables
                                lancar,     kurang      lancar,                                                                                                       nilai piutang di atas Rp10.000.                                    above or equal Rp10,000.
                                diragukan dan macet.
                         2.   Untuk Murabahah, Entitas Anak                                  2. For Murabahah, the Subsidiary                                    Entitas Anak menetapkan piutang                                    The          Subsidiary        determines
                              mengevaluasi apakah terdapat                                      evaluates whether there is an                                    murabahah yang harus dievaluasi                                    murabahah         receivables     to    be
                              bukti objektif bahwa aset                                         objective evidence that the                                      penurunan nilainya secara kolektif,                                evaluated for impairment through
                              keuangan atau kelompok aset                                       financial assets or group of                                     jika memenuhi salah satu kriteria di                               collective evaluation if one of the
                              keuangan               mengalami                                  financial assets are impaired.                                   bawah ini:                                                         following criteria is met:
                              penurunan         nilai.    Aset                                  The financial assets or group of                                 1) Piutang        murabahah      yang                              1) Murabahah receivables which
                              keuangan atau kelompok aset                                       financial assets are impaired and                                     secara individual memiliki nilai                                   individually have significant value
                              keuangan diturunkan nilainya                                      the impairment loss occurred
                              dan kerugian penurunan nilai                                      only if there is an objective                                         signifikan namun tidak memiliki                                    but there is no objective evidence
                              telah    terjadi    hanya    jika,                                evidence         regarding      the                                   bukti objektif penurunan nilai;                                    of impairment;
                              terdapat        bukti     objektif                                impairment as a result of one or                                 2) Piutang        murabahah      yang                              2) Murabahah receivables which
                              mengenai       penurunan     nilai                                more events that occurred after                                       secara individual memiliki nilai                                   individually    have     insignificant
                              tersebut sebagai akibat dari                                      initial recognition which impacts                                     tidak signifikan; dan                                              value; and
                              satu atau lebih peristiwa yang                                    the estimated future cash flows                                  3) Piutang        murabahah      yang                              3) Restructured                murabahah
                              terjadi setelah pengakuan awal                                    that can be reliably estimated.                                       direstrukturisasi yang secara                                      receivables which individually have
                              tersebut      (peristiwa    yang                                                                                                        individual memiliki nilai tidak                                    insignificant value.
                              merugikan), yang berdampak
                              pada estimasi arus kas masa                                                                                                             signifikan.
                              depan atas aset keuangan atau
                              kelompok aset yang dapat                                                                                                           Perhitungan cadangan kerugian                                      The calculation of allowance for
                              diestimasi secara andal.                                                                                                           penurunan nilai atas aset keuangan                                 impairment losses on financial assets
                                                                                                                                                                 yang     dinilai    secara     kolektif                            which are evaluated collectively,
                         Cadangan kerugian penurunan nilai                                   The allowance for impairment on                                     dikelompokkan             berdasarkan                              grouped based on similar receivable
                         atas piutang murabahah yang                                         murabahah receivables is calculated                                 karakteristik risiko piutang yang                                  risk characteristics and taking into
                         dinilai secara kolektif dihitung                                    using      collective   assessment                                  sama dengan mempertimbangkan                                       account the receivable segmentation
                         berdasarkan PSAK 239, “Instrumen                                    according to SFAS No. 239,
                         Keuangan:     Pengakuan      dan                                    “Financial Instruments: Recognition                                 segmentasi piutang berdasarkan                                     on the basis of historical loss
                         Pengukuran”.                                                        and Measurement”.                                                   pengalaman kerugian masa lalu                                      experience (probability of default).
                                                                                                                                                                 (probability of default).




                                                                         85                                                                                                                                      86
PT BANK MANDIRI (PERSERO) TBK                              1364                                                                                                                                            1365                                       ANNUAL REPORT 2024
Page 405
          FINANCIAL STATEMENTS 2024


                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                                     PT BANK MANDIRI (PERSERO) Tbk.
                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                           DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED               CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS             KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                       31 DECEMBER 2024 AND 2023            31 DESEMBER 2024 DAN 2023                                                                       31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)     (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                      2.     MATERIAL ACCOUNTING POLICY INFORMATION                       2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                      2.     MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                         (continued)                                                       (lanjutan)                                                         (continued)
     c.    Instrumen keuangan (lanjutan)                                c. Financial instruments (continued)                              c.   Instrumen keuangan (lanjutan)                                 c. Financial instruments (continued)
           H.   Cadangan kerugian penurunan nilai aset                      H.   Allowance for impairment             losses    of             H.   Cadangan kerugian penurunan nilai aset                       H.   Allowance for impairment             losses     of
                keuangan (lanjutan)                                              financial assets (continued)                                       keuangan (lanjutan)                                               financial assets (continued)
                5.   Penyisihan kerugian aset produktif                          5.   Allowance for possible losses on                              5.   Penyisihan kerugian aset produktif                           5.   Allowance for possible losses on
                     Entitas    Anak berbasis   syariah                               earning assets of Subsidiary based on                              Entitas    Anak berbasis   syariah                                earning assets of Subsidiary based on
                     (lanjutan)                                                       sharia (continued)                                                 (lanjutan)                                                        sharia (continued)
                     (a) Aset    keuangan      yang    dicatat                        (a) Financial assets carried at amortised                          (c) Kontrak jaminan     keuangan     dan                          (c) Financial guarantee contracts and
                         berdasarkan      biaya     perolehan                             cost (continued)
                         diamortisasi (lanjutan)                                                                                                             komitmen                                                          commitments

                         Entitas Anak menggunakan metode                                 The Subsidiary uses the migration                                   Kontrak jaminan keuangan adalah                                   Financial guarantee contracts are
                         analisis migrasi yang merupakan                                 analysis method which is a statistical                              kontrak      yang     mengharuskan                                contracts that require the issuer to
                         suatu metode analisis statistik,                                analysis method to assess allowance                                 penerbit       untuk      melakukan                               make        specified   payments     to
                         untuk menilai cadangan kerugian                                 for impairment losses on collective                                 pembayaran yang ditetapkan untuk                                  reimburse the contracts holder for a
                         penurunan nilai atas piutang yang                               receivables. The Subsidiary uses                                    mengganti uang pemegang kontrak                                   loss incurred because a specified
                         diberikan secara kolektif. Entitas                              5 (five) years historical data to                                   atas kerugian yang terjadi karena                                 debtor defaulted to make payments
                         Anak menggunakan data historis                                  compute for the Probablitity of Default                             debitur tertentu gagal untuk                                      when due, in accordance with the
                         5 (lima) tahun dalam menghitung                                 (“PD”) and Loss Given Default                                       melakukan pembayaran pada saat                                    terms of a debt instrument. Such
                         probability of Default (“PD”) dan                               (“LGD”).                                                            jatuh tempo, sesuai dengan                                        financial guarantees are given to
                         Loss Given Default (“LGD”).                                                                                                         ketentuan dari instrumen utang.                                   banks, financial institutions and other
                                                                                                                                                             Jaminan       keuangan       tersebut                             institutions on behalf of customers to
                     (b) Aset keuangan yang tersedia untuk                            (b) Financial    assets    classified    as                            diberikan     kepada     bank-bank,                               secure loans and other banking
                         dijual                                                           available for sale                                                 lembaga keuangan dan badan-                                       facilities.
                                                                                                                                                             badan lainnya atas nama debitur
                         Pada setiap tanggal laporan posisi                               The Group assesses at each date of                                 untuk menjamin kredit dan fasilitas-
                         keuangan       konsolidasian, Grup                               the consolidated statement of                                      fasilitas perbankan lainnya.
                         mengevaluasi apakah terdapat                                     financial position whether there is
                         bukti objektif bahwa aset keuangan                               objective evidence that a financial                                Jaminan keuangan awalnya diakui                                   Financial guarantees are initially
                         atau kelompok aset keuangan                                      asset or a group of financial assets is                            dalam         laporan     keuangan                                recognised in the consolidated
                         mengalami penurunan nilai. Lihat                                 impaired. Refer to Note 2c.(H).(2) for                             konsolidasian sebesar nilai wajar                                 financial statements at fair value on
                         Catatan 2c.(H).(2) untuk kriteria                                the criteria of objective evidence of                              pada tanggal jaminan diberikan.                                   the date which the guarantee was
                         bukti objektif adanya penurunan                                  impairment.                                                        Nilai wajar dari jaminan keuangan                                 given. The fair value of a financial
                         nilai.                                                                                                                              pada saat dimulainya transaksi                                    guarantee at inception is likely to
                                                                                                                                                             pada umumnya sama dengan                                          equal with the provision received
                         Penurunan yang signifikan atau                                   A significant or prolonged decline in                              provisi yang diterima untuk jaminan                               because all guarantees are agreed
                         penurunan jangka panjang atas                                    the fair value of the debt investments                             diberikan dengan syarat dan                                       on arm’s length terms. Subsequent
                         nilai wajar dari investasi dalam                                 below its cost is objective evidence                               kondisi normal. Setelah pengakuan                                 to initial recognition, the Bank’s
                         instrumen utang di bawah biaya                                   of impairment resulting in the
                         perolehannya merupakan bukti                                     recognition of an impairment loss. If                              awal, liabilitas Bank atas jaminan                                liabilities under such guarantees are
                         objektif terjadinya penurunan nilai                              any such evidence exists for                                       tersebut diukur pada jumlah yang                                  measured at the higher amount
                         dan     menyebabkan       pengakuan                              available for sale financial assets, the                           lebih tinggi antara jumlah awal,                                  between the initial amount, less
                         kerugian penurunan nilai. Ketika                                 cumulative loss - measured as the                                  dikurangi amortisasi provisi dan                                  amortisation of provision recognised,
                         terdapat bukti tersebut di atas untuk                            difference between the acquisition                                 estimasi terbaik dari jumlah yang                                 and the best estimates of the amount
                         aset keuangan yang tersedia untuk                                cost and the current fair value, less                              diharapkan akan terjadi untuk                                     required to settle the guarantee.
                         dijual, kerugian kumulatif, yang                                 any impairment loss on that financial                              menyelesaikan jaminan tersebut.                                   These estimation are determined
                         merupakan selisih antara biaya                                   asset previously recognised in                                     Estimasi ini ditentukan berdasarkan                               based on experience of similar
                         perolehan dengan nilai wajar kini,                               consolidated statement of profit or                                pengalaman transaksi yang sejenis                                 transactions and history of past
                         dikurangi kerugian penurunan nilai                               loss and other comprehensive                                       dan kerugian historis masa lalu,                                  losses,      supplemented    by   the
                         aset keuangan yang sebelumnya                                    income is removed from equity and                                  dilengkapi       dengan    penilaian                              judgement from management. The
                         telah diakui pada laporan laba rugi                              recognised in the consolidated                                     manajemen. Pendapatan provisi                                     provision income earned is amortised
                         dan penghasilan komprehensif lain                                statement of profit or loss and other                              yang diperoleh diamortisasi selama                                over the period of guarantees using
                         konsolidasian, dikeluarkan dari                                  comprehensive income.                                              jangka waktu jaminan dengan                                       the straight-line method.
                         ekuitas dan diakui pada laporan                                                                                                     menggunakan metode garis lurus.
                         laba     rugi    dan     penghasilan
                         komprehensif lain konsolidasian.                                                                                                    Bank      menentukan       cadangan                               The Bank determines impairment
                                                                                                                                                             kerugian penurunan nilai aset                                     losses on financial assets of financial
                         Jika, pada tahun berikutnya, nilai                               If, in a subsequent period, the fair                               keuangan atas kontrak jaminan                                     guarantee contracts that have credit
                         wajar      aset    keuangan     yang                             value of a financial asset classified                              keuangan yang memiliki risiko                                     risk and commitment based on the
                         diklasifikasikan dalam kelompok                                  as available for sale increases and                                kredit dan komitmen berdasarkan                                   value that is higher between the
                         tersedia untuk dijual meningkat dan                              the increase can be objectively                                    nilai yang lebih tinggi antara nilai                              amortised value (carrying value) and
                         peningkatan tersebut dapat secara                                related to an event occurring after                                amortisasi (nilai tercatat) dan nilai                             the present value of the liabilities that
                         objektif     dihubungkan     dengan                              the impairment loss was recognised                                 kini atas pembayaran liabilitas yang                              are expected to occur (when
                         peristiwa yang terjadi setelah                                   in the consolidated statement of                                   diharapkan akan terjadi (ketika                                   payment under the guarantee has
                         pengakuan kerugian penurunan                                     profit    or   loss     and    other                               pembayaran atas jaminan tersebut                                  become probable) or impairment
                         nilai pada laporan laba rugi dan                                 comprehensive       income,       the                              menjadi probable) atau nilai                                      losses that are calculated based on
                         penghasilan      komprehensif    lain                            impairment loss is reversed through                                cadangan kerugian penurunan nilai                                 historical loss data for a collective
                         konsolidasian,      maka    kerugian                             the consolidated statement of profit
                         penurunan nilai tersebut harus                                   or loss and other comprehensive                                    yang dihitung berdasarkan data                                    evaluation of impairment.
                         dipulihkan melalui laba rugi dan                                 income.                                                            kerugian historis untuk evaluasi
                         penghasilan      komprehensif    lain                                                                                               penurunan nilai secara kolektif.
                         konsolidasian.




                                                                      87                                                                                                                                   88
PT BANK MANDIRI (PERSERO) TBK                           1366                                                                                                                                         1367                                       ANNUAL REPORT 2024
Page 406
          FINANCIAL STATEMENTS 2024


                                               PT BANK MANDIRI (PERSERO) Tbk.                                                                                                    PT BANK MANDIRI (PERSERO) Tbk.
                                          DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                          DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED             CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                           FINANCIAL STATEMENTS           KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                           31 DECEMBER 2024 AND 2023          31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                  (Expressed in millions of Rupiah, unless otherwise stated)   (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                          2.     MATERIAL ACCOUNTING POLICY INFORMATION                     2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                     2.     MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                             (continued)                                                     (lanjutan)                                                        (continued)
     c.    Instrumen keuangan (lanjutan)                                    c. Financial instruments (continued)                            c.   Instrumen keuangan (lanjutan)                                c. Financial instruments (continued)
           I.   Investasi pada sukuk                                            I.   Investment in sukuk
                                                                                                                                                 J.   Sukuk mudharabah yang diterbitkan                           J.   Sukuk mudharabah issued
                Sebelum        pengakuan       awal,      Grup                       Before the initial recognition, the Group
                menentukan klasifikasi investasi pada sukuk                          determines the classification of investment in                   Sukuk     mudharabah      yang    diterbitkan                    Sukuk mudharabah issued is recognised at
                berdasarkan      tujuan     investasi     Grup.                      sukuk based on the Group’s investment                            disajikan sebesar nilai nominal. Biaya-biaya                     nominal amount. Transaction costs from the
                Klasifikasi dalam investasi sukuk terdiri dari:                      objective. Investment in sukuk can be                            yang timbul dari penerbitan surat berharga                       issuance    of    sukuk    mudharabah   are
                                                                                     measured as follows:                                             dicatat sebagai beban yang ditangguhkan                          recognised as deferred expense and
                                                                                                                                                      yang disajikan dalam akun “Aset lain-lain”                       presented as “Other assets” and amortised
                -       Biaya perolehan                                              -   Acquisition cost                                             dan diamortisasi secara garis lurus selama                       using straight-line over the terms of sukuk
                                                                                                                                                      jangka waktu sukuk mudharabah.                                   mudharabah.
                        Jika investasi tersebut dimiliki dalam                           If the investment is held within a business
                        suatu model usaha yang bertujuan                                 model that aims to collect contractual                  K.   Penentuan nilai wajar                                       K.   Determination of fair value
                        utama untuk memperoleh arus kas                                  cash flows and there is a contractual
                        kontraktual; dan terdapat persyaratan                            requirement to determine the specific date
                                                                                                                                                      Nilai wajar adalah pengukuran berbasis                           Fair value is a market based measurement.
                        kontraktual untuk menentukan tanggal                             of principal payments and/or the returns.
                        tertentu pembayaran pokok dan/atau                               The acquisition cost for sukuk ijarah and                    pasar. Pengukuran/penetapan nilai wajar                          Fair value is the price that would be received
                        hasilnya. Biaya perolehan sukuk ijarah                           sukuk mudharabah includes transaction                        bertujuan untuk mengestimasi harga dimana                        to sell an asset or paid to transfer a liability in
                        dan sukuk mudharabah termasuk biaya                              cost. The difference between acquisition                     transaksi teratur (orderly transaction) untuk                    an orderly transaction among market
                        transaksi. Selisih antara biaya perolehan                        cost and nominal value is amortised using                    menjual aset atau mengalihkan liabilitas                         participants at the measurement date.
                        dan nilai nominal diamortisasi secara                            straight-line method during the period of                    akan terjadi antara pelaku pasar (market
                        garis lurus selama jangka waktu sukuk.                           the sukuk instrument.                                        participants) pada tanggal pengukuran.

                -       Diukur pada nilai wajar           melalui                    -   Measured at fair value through other                         Ketika tidak terdapat pasar aktif atau harga                     When there is no active market or the price of
                        penghasilan komprehensif lain                                    comprehensive income                                         suatu instrumen keuangan yang identik tidak                      an identical financial instrument cannot be
                                                                                                                                                      dapat diobservasi, Grup dapat mengukur                           observed, the Group can measure fair value
                        Jika investasi tersebut dimiliki dalam                           If the investment is held within a business                  nilai wajar menggunakan teknik penilaian                         using valuation techniques according to the
                        suatu model usaha yang bertujuan                                 model which its primary purpose is to
                                                                                                                                                      sesuai jenis instrumen keuangan.                                 type of financial instrument.
                        utama untuk memperoleh arus kas                                  obtain contractual cash flows and sell off
                        kontraktual dan melakukan penjualan                              sukuk and there is a contractual
                        sukuk      dan    terdapat    persyaratan                        requirements determined by specific date                     Grup dapat melakukan pengukuran nilai                            The Group can measure fair value, with the
                        kontraktual menentukan tanggal tertentu                          of payment of principal and/or results. The                  wajar, dengan hirarki sebagai berikut:                           following hierarchy:
                        pembayaran pokok dan/atau hasilnya.                              acquisition cost of sukuk ijarah and sukuk                   1. Input Level 1, yaitu harga kuotasian                          1. Input Level 1, the quoted prices
                        Biaya perolehan sukuk ijarah dan                                 mudharabah includes transaction costs.                           (tanpa penyesuaian) di pasar aktif untuk                          (unadjusted) in active markets for
                        sukuk mudharabah termasuk biaya                                  The difference between the acquisition                           aset atau liabilitas yang identik yang                            identical assets or liabilities that the
                        transaksi. Selisih antara biaya perolehan                        cost and nominal value is amortised on                           dapat diakses Grup pada tanggal                                   Group can access at the measurement
                        dan      nilai    nominal     diamortisasi                       straight-line basis over the terms of                            pengukuran.                                                       date.
                        secara garis lurus selama jangka                                 sukuk. The changes in fair value are                         2. Input Level 2, yaitu input selain harga                       2. Input Level 2, the input other than quoted
                        waktu sukuk. Perubahan nilai wajar                               recognised in other comprehensive                                kuotasian yang termasuk dalam level 1                             price included in level 1 that can be
                        diakui dalam penghasilan komprehensif                            income. At the time of derecognition, the                        yang dapat diobservasi untuk aset atau                            observed for assets or liabilities, either
                        lain. Pada saat penghentian pengakuan                            changes in fair value in other
                                                                                                                                                          liabilitas, baik secara langsung atau                             directly or indirectly.
                        saldo, perubahan nilai wajar dalam                               comprehensive income are reclassified to
                                                                                                                                                          tidak langsung.
                        penghasilan        komprehensif       lain                       profit or loss as a reclassification
                        direklasifikasi ke laba rugi sebagai                             adjustment.                                                  3. Input Level 3, yaitu input yang tidak                         3.   Input Level 3, the unobservable input for
                        penyesuaian reklasifikasi.                                                                                                        dapat diobservasi untuk aset atau                                 an asset or liability.
                                                                                                                                                          liabilitas.
                    -   Diukur pada nilai wajar melalui laba rugi                    -   Measured at fair value through profit or
                                                                                         loss                                                         Pengukuran nilai wajar mengasumsikan                             A fair value measurement assumes that the
                                                                                                                                                      bahwa transaksi untuk menjual aset atau                          transaction to sell the asset or transfer the
                        Biaya perolehan sukuk ijarah dan sukuk                           The acquisition cost of sukuk ijarah and                     mengalihkan liabilitas terjadi:                                  liability takes place either:
                        mudharabah yang diukur pada nilai                                sukuk mudharabah is measured at fair                         -  Di pasar utama untuk aset dan liabilitas                      -     In the principal market for the asset or
                        wajar melalui laba rugi tidak termasuk                           value through profit or loss excluding                          tersebut; atau                                                      liability; or
                        biaya transaksi. Untuk investasi pada                            transaction costs. For investments in                        -  Jika tidak terdapat pasar utama, di                           -     In the absence of a principal market, in
                        sukuk yang diukur pada nilai wajar                               sukuk which are measured at fair value                          pasar yang paling menguntungkan                                     the most advantageous market for the
                        melalui laba rugi, selisih antara nilai                          through profit or loss, the difference
                                                                                                                                                         untuk aset atau liabilitas tersebut.                                asset or liability.
                        wajar dan jumlah tercatat diakui dalam                           between the fair value and the carrying
                        laba rugi.                                                       amount is recognised in profit or loss.




                                                                          89                                                                                                                                90
PT BANK MANDIRI (PERSERO) TBK                               1368                                                                                                                                      1369                                         ANNUAL REPORT 2024
Page 407
          FINANCIAL STATEMENTS 2024


                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                                      PT BANK MANDIRI (PERSERO) Tbk.
                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                            DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED               CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                        FINANCIAL STATEMENTS             KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                        31 DECEMBER 2024 AND 2023            31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)     (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                       2.     MATERIAL ACCOUNTING POLICY INFORMATION                       2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                     2.     MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                          (continued)                                                       (lanjutan)                                                        (continued)

     c.    Instrumen keuangan (lanjutan)                                 c. Financial instruments (continued)                              c.   Instrumen keuangan (lanjutan)                                c. Financial instruments (continued)

           K.   Penentuan nilai wajar (lanjutan)                             K.   Determination of fair value (continued)                       K.   Penentuan nilai wajar (lanjutan)                            K.   Determination of fair value (continued)

                Nilai wajar suatu aset atau liabilitas diukur                     The fair value of an asset or a liability should                   Untuk obligasi pemerintah yang tidak                             For government bonds with no quoted market
                menggunakan asumsi yang akan digunakan                            be measured using the assumptions that                             memiliki nilai pasar, estimasi nilai wajar                       prices, a reasonable estimate of the fair value
                pelaku pasar ketika menentukan harga aset                         market participants would use when pricing                         ditentukan dengan menggunakan model                              is determined using the internal model based
                dan liabilitas tersebut dengan asumsi bahwa                       the asset or liability, assuming that market                       internal berdasarkan nilai kini dari arus kas                    on the present value of expected future cash
                pelaku pasar bertindak dalam kepentingan                          participants act in their best economic interest.                  masa depan yang diharapkan (pendekatan                           flows using the next-repricing method
                ekonomi terbaiknya.                                                                                                                  next-repricing       method)          dengan                     approach with a deflator factor.
                                                                                                                                                     menggunakan faktor deflator.
                Pengukuran nilai wajar aset non-keuangan                          A fair value measurement of a non-financial
                memperhitungkan kemampuan pelaku pasar                            asset takes into account a market participant's               L.   Reformasi acuan suku bunga                                  L.   Interest rate benchmark reform
                untuk menghasilkan manfaat ekonomi                                ability to generate economic benefits by using
                dengan     menggunakan      aset     dalam                        the asset at its highest and best use or by                        Untuk pengukuran instrumen keuangan yang                         For the measurement of financial instruments
                penggunaan tertinggi dan terbaiknya atau                          selling it to another market participant that                      menggunakan biaya perolehan diamortisasi                         using amortised cost (financial assets of debt
                dengan menjualnya kepada pelaku pasar                             would use the asset at its highest and best                        (aset keuangan instrumen utang yang                              instruments classified as amortised cost and
                lain yang akan menggunakan aset tersebut                          use.                                                               diklasifikasikan sebagai biaya perolehan                         fair value through other comprehensive
                dalam penggunaan tertinggi dan terbaiknya.                                                                                           diamortisasi dan nilai wajar melalui                             income, as well as financial liabilities
                                                                                                                                                     penghasilan       komprehensif    lain, serta                    measured at amortised cost), changes in the
                Nilai wajar untuk instrumen keuangan yang                         The fair value of financial instruments traded                     liabilitas keuangan yang diukur pada biaya                       future contractual cash flows of those financial
                diperdagangkan di pasar aktif, seperti efek-                      in active markets, such as marketable                              perolehan diamortisasi), perubahan arus kas                      instruments occurs as a result of interest rate
                efek dan obligasi pemerintah, ditentukan                          securities and government bonds, is                                kontraktual masa depan dari instrumen                            reform (change in the contractual benchmark
                berdasarkan nilai pasar yang berlaku pada                         determined based on quoted market prices at                        keuangan tersebut yang terjadi akibat                            interest rate from the previous LIBOR interest
                tanggal     laporan     posisi    keuangan                        the consolidated statement of financial                            reformasi suku bunga (perubahan suku                             rate to an alternative benchmark interest rate)
                konsolidasian menggunakan harga yang                              position date using price that published                           bunga acuan kontraktual dari sebelumnya                          will change the effective interest rate of the
                dipublikasikan secara rutin dan berasal dari                      regularly and from credible sources such as                        suku bunga LIBOR menjadi suku bunga                              financial instrument. The change in contractual
                sumber yang terpercaya, seperti Bloomberg,                        quoted market prices from Bloomberg,                               acuan alternatif) akan mengubah tingkat                          cash flows does not affect the amortised cost
                Reuters atau harga yang diberikan oleh                            Reuters or broker’s quoted price. Investments                      suku bunga efektif instrumen keuangan                            of the financial instrument, and has no impact
                broker (harga kuotasian). Investasi dalam                         in mutual fund units are stated at market                          tersebut. Perubahan arus kas kontraktual                         on profit or loss (practical expedient). Such
                unit reksa dana dinyatakan sebesar nilai                          value, in accordance with the net value of                         tersebut      tidak   mempengaruhi      biaya                    practical expedient can be applied if and only
                pasar sesuai nilai aset bersih dari reksa                         mutual fund assets at the consolidated                             perolehan diamortisasi instrumen keuangan                        if the following 2 (two) requirements are met:
                dana pada tanggal laporan posisi keuangan                         statement of financial position date.                              dimaksud, dan tidak berdampak pada laba
                konsolidasian.                                                                                                                       atau rugi (penerapan praktis). Penerapan
                                                                                                                                                     praktis tersebut dapat diterapkan jika dan
                Instrumen keuangan dianggap memiliki                              A financial instrument is deemed to be quoted                      hanya jika 2 (dua) persyaratan berikut
                kuotasi di pasar aktif, jika harga kuotasi                        in an active market if quoted prices are                           terpenuhi:
                tersedia sewaktu-waktu dan dapat diperoleh                        available at any time and can be obtained                          1. Perubahan arus kas kontraktual tersebut                       1.   The change in contractual cash flows is
                secara rutin dari bursa, pedagang efek                            regularly from stock exchanges, dealers, and                             diperlukan sebagai akibat langsung dari                         necessary as a direct result of the reform
                (dealer), perantara efek (broker) dan harga                       brokers. These prices reflect actual and                                 reformasi acuan suku bunga; dan                                 of benchmark interest rates; and
                tersebut mencerminkan transaksi pasar yang                        regular market transactions in a fair                              2. Suku bunga acuan alternatif pengganti                         2.   The alternative reference interest rate is
                aktual dan rutin dalam suatu transaksi yang                       transaction. If the criteria above are not met,                          secara ekonomis setara (economically                            economically equivalent to the previously
                wajar. Jika kriteria di atas tidak terpenuhi,                     the active market is declared unavailable.                               equivalent) dengan suku bunga acuan                             used benchmark interest rate.
                maka pasar aktif dinyatakan tidak tersedia.                       Indications of an inactive market are that there                         yang digunakan sebelumnya.
                Indikasi-indikasi dari pasar tidak aktif adalah                   is a large gap between the bid and ask prices
                terdapat selisih yang besar antara harga                          or a significant increase in the difference              d.   Prinsip-prinsip konsolidasian                               d.   Principles of consolidation
                penawaran dan permintaan atau kenaikan                            between the bid and ask prices, and there are
                signifikan dalam selisih harga penawaran                          only a few recent transactions.                               Laporan keuangan konsolidasian meliputi laporan                  The consolidated financial statements include the
                dan permintaan dan hanya terdapat                                                                                               keuangan Bank Mandiri dan Entitas Anak yang                      financial statement of Bank Mandiri and its
                beberapa transaksi terkini.                                                                                                     mayoritas sahamnya dimiliki atau dikendalikan                    Subsidiaries in which the majority shares are
                                                                                                                                                oleh Bank Mandiri.                                               owned or controlled by Bank Mandiri.
                Untuk efek-efek yang tidak mempunyai                              For marketable securities with no quoted
                harga pasar, estimasi atas nilai wajar efek-                      market price, a reasonable estimate of the fair               Pengendalian didapat ketika Bank terekspos atau                  Control is presumed to exist where the Bank is
                efek ditetapkan dengan mengacu pada nilai                         value is determined by reference to the current               memiliki hak atas imbal hasil variabel dari                      exposed, or has rights, to variable returns from its
                wajar instrumen lain yang substansinya                            market value of another instrument which                      keterlibatannya dengan Entitas Anak dan                          involvement with the Subsidiaries and has ability to
                sama atau dihitung berdasarkan arus kas                           substantially has the same characteristic or                  memiliki kemampuan untuk mempengaruhi imbal                      use its power to affect its returns from its
                yang diharapkan terhadap aset bersih efek-                        calculated based on the expected cash flows                   hasil tersebut melalui kekuasaannya atas Entitas                 involvement with the Subsidiaries.
                efek tersebut.                                                    of the underlying net asset base of the                       Anak.
                                                                                  marketable securities.




                                                                       91                                                                                                                                  92
PT BANK MANDIRI (PERSERO) TBK                            1370                                                                                                                                        1371                                       ANNUAL REPORT 2024
Page 408
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                          PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED                  CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS                KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                       31 DECEMBER 2024 AND 2023               31 DESEMBER 2024 DAN 2023                                                                         31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)        (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                      2.     MATERIAL ACCOUNTING POLICY INFORMATION                          2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                        2.     MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                         (continued)                                                          (lanjutan)                                                           (continued)

     d.    Prinsip-prinsip konsolidasian (lanjutan)                    d.   Principles of consolidation (continued)                          d.   Prinsip-prinsip konsolidasian (lanjutan)                       d.    Principles of consolidation (continued)

           Bank mengendalikan Entitas Anak jika dan hanya                   The Bank controls the Subsidiaries if and only if                     Perubahan dalam bagian kepemilikan Bank pada                         Changes in the Bank’s ownership interest in
           jika Bank memiliki hak berikut ini:                              the Bank acquires these rights:                                       Entitas Anak yang tidak mengakibatkan                                Subsidiaries that do not result in a loss of control
           a) Kekuasaan atas Entitas Anak (hak yang ada                     a) Power over the Subsidiaries (has existing                          hilangnya pengendalian dicatat sebagai transaksi                     are accounted for as an equity transaction, in this
                saat ini yang mempengaruhi kemampuan                             rights that affect the current ability to direct the             ekuitas, dalam hal ini transaksi dengan pemilik                      case a transaction with owners in their capacity as
                kini untuk mengarahkan aktivitas relevan                         relevant activities, that significantly affect the               dalam kapasitasnya sebagai pemilik. Setiap                           owners. Any difference between the amount of the
                yang secara signifikan mempengaruhi imbal                        Subsidiaries’ returns).                                          perbedaan     antara      jumlah    kepentingan                      adjusted non-controlling interest and the fair value
                hasil Entitas Anak).                                                                                                              nonpengendali disesuaikan dan nilai wajar                            of the consideration paid or received shall be
           b) Eksposur atau hak atas imbal hasil variabel                   b)   Exposure or rights of variable returns from its                  imbalan yang diberikan atau diterima diakui                          recognised directly in equity and attributable to the
                dari keterlibatannya dengan Entitas Anak.                        involvement with the Subsidiaries.                               secara langsung dalam ekuitas dan diatribusikan                      owners of the Parent Entity.
           c) Kemampuan             untuk      menggunakan                  c)   The ability to use its power over the                            pada pemilik Entitas Induk.
                kekuasaannya atas Entitas Anak untuk                             Subsidiaries to affect the amount of the Bank's
                mempengaruhi jumlah imbal hasil Bank.                            returns.                                                         Entitas yang menerima/melepas bisnis, dalam                          The entity that accepts/releases a business in a
                                                                                                                                                  kombinasi/pelepasan bisnis entitas sepengendali,                     combination/separation of business amongst
           Pada laporan keuangan konsolidasian Bank                         In the consolidated financial statements of Bank                      mengakui selisih antara jumlah imbalan yang                          entities under common control, shall recognise the
                                                                                                                                                  dialihkan/diterima dan jumlah tercatat dari setiap                   difference between benefits being transferred or
           Mandiri, semua saldo dan transaksi yang                          Mandiri, all significant inter-company balances and
                                                                                                                                                  transaksi kombinasi bisnis sebagai komponen                          received and the recorded amount of every
           signifikan antar perusahaan yang dikonsolidasi                   transactions have been eliminated. The non-
                                                                                                                                                  ekuitas dan menyajikannya dalam pos tambahan                         business combination transaction as equity and
           telah dieliminasi. Kepentingan non-pengendali                    controlling interest net income of Subsidiaries is
                                                                                                                                                  modal disetor/agio saham.                                            present it under additional paid-in capital/share
           atas laba bersih Entitas Anak disajikan sebagai                  presented as a deduction to consolidated net
                                                                                                                                                                                                                       premium.
           pengurang dari laba bersih konsolidasian untuk                   income in order to present the Bank’s income.
           mendapatkan jumlah laba yang menjadi hak                         Non-controlling interest in net assets is presented                   Berdasarkan PSAK No. 338 (Revisi 2012), unsur-                       Based on SFAS No. 338 (Revised 2012), the
           pemilik entitas Bank. Kepentingan non-                           as part of equity in the consolidated statement of                    unsur laporan keuangan dari entitas yang                             elements of the financial statements of the merged
           pengendali dalam aset bersih disajikan sebagai                   financial position, except for non-controlling                        bergabung, untuk periode terjadinya kombinasi                        entities, for the period in which the business
           bagian dari ekuitas kecuali kepentingan non-                     interest from mutual fund consolidation is                            bisnis entitas sepengendali dan untuk periode                        combination merged entities under common control
           pengendali yang berasal dari konsolidasi atas                    presented as part of liabilities in the consolidated                  komparatif sajian, disajikan sedemikian rupa                         occurred and for the comparative period presented,
           reksa dana disajikan sebagai bagian dari liabilitas              statement of financial position.                                      seolah-olah penggabungan tersebut telah terjadi                      are presented in such a way as if the combination
           dalam laporan posisi keuangan konsolidasian.                                                                                           sejak awal periode entitas yang bergabung dalam                      had occurred since the beginning of the period
                                                                                                                                                  sepengendalian.                                                      when the entities were under common control.
           Laporan keuangan konsolidasian disusun dengan                    The consolidated financial statements are
           menggunakan kebijakan akuntansi yang sama                        prepared using a consistent accounting policy for                e.   Transaksi dan saldo dalam mata uang asing                       e.   Foreign currency transactions and balances
           untuk peristiwa dan transaksi sejenis dalam                      transactions and events in similar circumstances.
           kondisi yang sama. Kebijakan akuntansi yang                      The accounting policies adopted in preparing the                      Entitas Anak dan kantor cabang luar negeri                           Subsidiaries and overseas branches
           digunakan      dalam       laporan       keuangan                consolidated financial statements have been
           konsolidasian telah diterapkan secara konsisten                  consistently applied by the Subsidiaries, unless                      Bank      Mandiri     menyelenggarakan        catatan                Bank Mandiri maintains its accounting records in
           oleh Entitas Anak, kecuali bila dinyatakan lain.                 otherwise stated.                                                     akuntansinya dalam mata uang Rupiah. Untuk                           Indonesian Rupiah. For consolidation purposes,
                                                                                                                                                  tujuan konsolidasian, laporan keuangan dalam                         the financial statement of the overseas branches
           Bila pengendalian atas suatu entitas diperoleh                   If the control on an entity is obtained or ends in the                mata uang asing milik cabang dan Entitas Anak                        and overseas Subsidiaries of Bank Mandiri
           atau berakhir dalam tahun berjalan, hasil usaha                  current year, the entity’s net income is included in                  luar negeri Bank Mandiri dijabarkan ke dalam                         denominated in foreign currencies are translated
           entitas tersebut dimasukkan dalam laporan laba                   the consolidated statement of profit or loss and                      mata uang Rupiah dengan dasar kurs Reuters                           into Rupiah using the Reuters exchange rate for
           rugi dan penghasilan komprehensif lain                           other comprehensive income from the date of                           untuk kurs sebelum 17 Oktober 2022 dan kurs                          exchange rates before 17 October 2022 and the
           konsolidasian sejak tanggal pengendalian dimulai                 acquisition of the control or until the date the                      Refinitiv Eikon untuk kurs setelah 17 Oktober                        Refinitiv Eikon exchange rate for exchange rates
           atau sampai dengan tanggal pengendalian                          control ceased.                                                       2022 sebagai berikut:                                                after 17 October 2022 as follows:
           berakhir.                                                                                                                              (1) Aset       dan    liabilitas,    komitmen     dan                (1) Assets and liabilities, commitments and
                                                                                                                                                       kontinjensi - menggunakan kurs spot pada                             contingencies - using the spot rates at the
           Transaksi kombinasi bisnis entitas sepengendali,                 Business combination transaction amongst entities                          tanggal       laporan        posisi   keuangan                       consolidated statement of financial position
           berupa pengalihan bisnis yang dilakukan dalam                    under common control, in the form of transfer of                           konsolidasian.                                                       date.
           rangka reorganisasi entitas-entitas yang berada                  business conducted for the reorganisation of                          (2) Pendapatan, beban, laba dan rugi -                               (2) Revenues, expenses, income and losses -
           dalam suatu kelompok usaha yang sama, bukan                      entities under common control, does not represent                          menggunakan kurs tengah rata-rata yang                               using the average middle rates during each
           merupakan perubahan kepemilikan dalam arti                       a change of ownership in terms of economic                                 berlaku pada bulan terjadinya transaksi.                             month when the transaction occurs.
           substansi ekonomi, sehingga transaksi tersebut                   substance, therefore, there shall be no gain or loss                  (3) Akun ekuitas - menggunakan kurs historis                         (3) Shareholders’ equity accounts - using
           tidak dapat menimbulkan laba atau rugi bagi                      recognised by the group as a whole and by                                  pada tanggal transaksi.                                              historical rates on the date of transaction.
           kelompok usaha secara keseluruhan ataupun                        individual entities within the group.                                 (4) Laporan arus kas - menggunakan kurs spot                         (4) Statement of cash flows - using the spot rates
           bagi entitas individual dalam kelompok usaha                                                                                                pada tanggal laporan posisi keuangan                                 at the reporting date, except for profit and loss
           tersebut.                                                                                                                                   konsolidasian, kecuali akun-akun laba rugi                           statement balances which are translated using
                                                                                                                                                       menggunakan kurs tengah rata-rata dan                                the average middle rates and shareholders’
           Oleh karena transaksi kombinasi bisnis entitas                   Since the business combination transaction                                 unsur-unsur ekuitas menggunakan kurs                                 equity balances which are translated using
           sepengendali tidak mengakibatkan perubahan                       amongst entities under common control does not                             historis.                                                            historical rates.
           substansi ekonomi kepemilikan atas bisnis yang                   cause any change in the economic substance of
           dipertukarkan, maka transaksi tersebut diakui                    ownership of the transferred business, therefore                      Selisih yang timbul dari proses penjabaran                           The differences arising from the translation
           pada jumlah tercatat berdasarkan metode                          the transaction is recognised at book value using                     laporan keuangan tersebut disajikan sebagai                          adjustment are presented as “Differences arising
                                                                                                                                                  “Selisih kurs karena penjabaran laporan                              from the translation of financial statements in
           penyatuan kepemilikan.                                           the pooling interest method.
                                                                                                                                                  keuangan dalam mata uang asing” pada                                 foreign currencies” under the shareholders’ equity
                                                                                                                                                  kelompok ekuitas dalam laporan posisi keuangan                       section in the consolidated statement of financial
                                                                                                                                                  konsolidasian.                                                       position.


                                                                      93                                                                                                                                        94
PT BANK MANDIRI (PERSERO) TBK                           1372                                                                                                                                              1373                                        ANNUAL REPORT 2024
Page 409
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                        PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                              DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED                CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS              KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                       31 DECEMBER 2024 AND 2023             31 DESEMBER 2024 DAN 2023                                                                         31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)      (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                      2.     MATERIAL ACCOUNTING POLICY INFORMATION                        2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                        2.     MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                         (continued)                                                        (lanjutan)                                                           (continued)

     e.    Transaksi dan saldo dalam mata uang asing                    e.   Foreign currency transactions and balances                    f.   Transaksi      dengan      pihak-pihak     berelasi             f.   Transactions with related parties (continued)
           (lanjutan)                                                        (continued)                                                        (lanjutan)

                                                                                                                                                Pihak berelasi adalah orang atau entitas yang                        A related party is a person or entity that is related
           Transaksi dan saldo dalam mata uang asing                         Transactions and balances in foreign currencies                    terkait dengan entitas yang menyiapkan laporan                       to the entity that prepares its financial statements
                                                                                                                                                keuangannya (entitas pelapor). Yang termasuk                         (reporting entity). The related parties are as follows
           Transaksi dalam mata uang asing dicatat ke                        Transactions in foreign currencies are recorded in                 pihak berelasi adalah sebagai berikut (lanjutan):                    (continued):
           dalam Rupiah menggunakan kurs pada saat                           Rupiah using rates on the date of the transactions.
           terjadinya transaksi. Pada tanggal laporan posisi                 At the consolidated statement of financial position                2)   Suatu entitas berelasi dengan entitas pelapor                   2)   An entity is related to a reporting entity if any
           keuangan konsolidasian, semua aset dan                            date, all foreign currencies monetary assets and                        jika memenuhi salah satu hal sebagai                                 of the following are met:
           liabilitas moneter dalam mata uang asing                          liabilities are translated into Rupiah using the                        berikut:
           dijabarkan ke dalam mata uang Rupiah dengan                       Revinitif Eikon spot rates at 3.00 p.m. WIB                             a) Entitas dan entitas pelapor adalah                                a)   The entity and the reporting entity are
           menggunakan kurs spot Revinitif Eikon pada                        (Western Indonesian Time) on 31 December 2024                               anggota dari kelompok usaha yang                                      members of the same group;
           pukul 15.00 WIB untuk tanggal 31 Desember                         and 2023. The resulting gains or losses are                                 sama;
           2024 dan 2023. Keuntungan atau kerugian yang                      credited or charged to the current year’s                               b) Suatu entitas adalah entitas asosiasi                             b)   An entity is an associate or joint venture
                                                                                                                                                         atau ventura bersama dari entitas lain;                               of the other entity;
           timbul dibebankan pada laporan laba rugi dan                      consolidated statement of profit or loss and other                      c) Kedua entitas tersebut adalah ventura                             c)   Both entities are joint ventures from the
           penghasilan komprehensif lain konsolidasian                       comprehensive income.                                                       bersama dari pihak ketiga yang sama;                                  same third party;
           tahun berjalan.                                                                                                                           d) Suatu entitas adalah ventura bersama                              d)   An entity is a joint venture of a third entity
                                                                                                                                                         dari entitas ketiga dan entitas yang lain                             and the other entity is an associate of the
           Kurs yang digunakan untuk menjabarkan mata                        The exchange rates used against the Rupiah at the                           adalah entitas asosiasi dari entitas                                  third entity;
           uang asing ke dalam Rupiah pada tanggal                           dates of the consolidated statements of financial                           ketiga;
           laporan posisi keuangan konsolidasian adalah                      position are as follows (amounts in full amount of                      e) Entitas tersebut adalah suatu program                             e)   The entity is a post-employment benefit
           sebagai berikut (Rupiah penuh):                                   Rupiah):                                                                    imbalan pasca kerja untuk imbalan kerja                               plan for the benefits of employees either
                                                                                                                                                         dari salah satu entitas pelapor atau                                  from the reporting entity or an entity
                                                         2024                     2023                                                                   entitas yang terkait dengan entitas                                   related to the reporting entity;
                                                                                                                                                         pelapor;
           1 Pound Sterling Inggris                       20.218,54               19.626,56         Great Britain Pound Sterling 1                   f) Entitas      yang     dikendalikan    atau                        f)   The entity is controlled or jointly
           1 Euro Eropa                                   16.758,12               17.038,32                       European Euro 1                        dikendalikan bersama oleh orang yang                                  controlled by a person identified as
                                                                                                                                                         diidentifikasi sebagaimana dimaksud                                   referred to in point 1); or
           1 Dolar Amerika Serikat                        16.095,00               15.397,00                United States Dollar 1                        dalam angka 1); atau
           100 Yen Jepang                                 10.303,00               10.888,00                     Japanese Yen 100                     g) Orang yang diidentifikasi sebagaimana                             g)   A person identified as referred to point 1)
           1 Dolar Australia                              10.013,51               10.520,77                     Australian Dollar 1                      dimaksud dalam angka 1) huruf a)                                      letter a) has significant influence over the
           1 Dolar Hong Kong                               2.073,11                1.970,73                    Hong Kong Dollar 1                        memiliki pengaruh signifikan atas entitas                             entity or the entity's key management
           1 Yuan China                                    2.204,99                2.170,06                        Chinese Yuan 1                        atau merupakan personil manajemen                                     personnel;
           1 Dolar Singapura                              11.844,58               11.676,34                     Singapore Dollar 1                       kunci entitas;
                                                                                                                                                     h) Entitas yang dikendalikan, dikendalikan                           h)   The entity is controlled, jointly controlled
           Mata uang asing lainnya yang tidak diungkapkan                    Other foreign currencies that are not disclosed as                          bersama atau dipengaruhi secara                                       or significantly influenced by the
           di atas tidak dianggap signifikan dalam                           above is considered not material in the translation                         signifikan oleh Pemerintah yaitu Menteri                              Government, which is the Minister of
           penjabaran transaksi dalam mata uang asing                        of transaction in foreign currencies of the Bank                            Keuangan atau Pemerintah Daerah                                       Finance or the local governments which
           Bank Mandiri dan Entitas Anak.                                    Mandiri and Subsidiaries.                                                   yang merupakan pemegang saham dari                                    is the shareholder of the entity.
                                                                                                                                                         entitas.
     f.    Transaksi dengan pihak-pihak berelasi                        f.   Transactions with related parties
                                                                                                                                                3)   Pihak yang bukan merupakan pihak berelasi                       3)   Parties which are not related parties are as
           Bank Mandiri dan Entitas Anak melakukan                           The Bank and Subsidiaries enter into transactions                       adalah sebagai berikut:                                              follows:
                                                                                                                                                     a) Dua entitas hanya karena mereka                                    a) Two entities simply because they have
           transaksi dengan pihak-pihak berelasi seperti                     with parties which are defined as related parties in                        memiliki     direktur     atau      personil                          the same director or key management
           yang didefinisikan dalam PSAK 224 tentang                         accordance with SFAS No. 224 regarding Related                              manajemen kunci yang sama atau                                        personnel     or     because       the  key
           “Pengungkapan Pihak-pihak Berelasi” dan                           Party Disclosures and capital market regulation                             karena personil manajemen kunci dari                                  management personnel of one entity
           peraturan regulator pasar modal yaitu Peraturan                   No. VIII.G.7 regarding Financial Statements                                 satu entitas mempunyai pengaruh                                       have significant influence over the other
           No.     VIII.G.7   tentang   Penyajian      dan                   Presentation and Disclosure for Issuer or Public                            signifikan atas entitas lain;                                         entity;
           Pengungkapan Laporan Keuangan Emiten atau                         Companies.                                                              b) Dua venturer hanya karena mereka                                   b) Two joint venturers simply because they
           Perusahaan Publik.                                                                                                                            mengendalikan bersama atas ventura                                    share joint control of a joint venture;
                                                                                                                                                         bersama;
           Pihak berelasi adalah orang atau entitas yang                     A related party is a person or entity that is related                   c) Penyandang dana, serikat dagang,                                  c)   Fund providers, trade unions, public
           terkait dengan entitas yang menyiapkan laporan                    to the entity that prepares its financial statements                        entitas     pelayanan       publik,      dan                          service, and ministries and agencies of
           keuangannya (entitas pelapor). Yang termasuk                      (reporting entity). The related parties are as                              departemen dan instansi pemerintah                                    government that does not control, jointly
           pihak berelasi adalah sebagai berikut:                            follows:                                                                    yang         tidak         mengendalikan,                             control or have significant influence over
                                                                                                                                                         mengendalikan bersama atau memiliki                                   the reporting entity, solely in the
           1)   Orang yang:                                                  1)    A person who:                                                         pengaruh signifikan atas entitas pelapor,                             execution of normal business with the
                a) Memiliki         pengendalian         atau                      a) Has control or joint control over the                              semata-mata        dalam      pelaksanaan                             entity;
                                                                                                                                                         urusan normal dengan entitas;
                    pengendalian bersama atas entitas                                  reporting entity;
                                                                                                                                                     d) Pelanggan, pemasok, pemegang hak                                  d)   Customers,       suppliers,   franchisors,
                    pelapor;                                                                                                                             waralaba, distributor atau agen umum                                  distributors or general agents with whom
                b) Memiliki pengaruh signifikan atas entitas                       b)    Has significant influence over the                              dengan siapa entitas mengadakan                                       an entity enter, into transactions with
                    pelapor; atau                                                        reporting entity; or                                            transaksi     usaha     dengan       volume                           significant volumes of business solely
                c) Merupakan personil manajemen kunci                              c)    The key management personnel of the                             signifikan,     semata-mata          karena                           because of economic dependence due to
                    entitas pelapor atau entitas induk entitas                           reporting entity or the parent of the                           ketergantungan        ekonomis         yang                           circumstances.
                    pelapor.                                                             reporting entity.                                               diakibatkan oleh keadaan.



                                                                      95                                                                                                                                      96
PT BANK MANDIRI (PERSERO) TBK                           1374                                                                                                                                            1375                                         ANNUAL REPORT 2024
Page 410
          FINANCIAL STATEMENTS 2024


                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                                    PT BANK MANDIRI (PERSERO) Tbk.
                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                          DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED                CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS              KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                     31 DECEMBER 2024 AND 2023             31 DESEMBER 2024 DAN 2023                                                                       31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)      (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)


2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                    2.     MATERIAL ACCOUNTING POLICY INFORMATION                        2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                      2.    MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                       (continued)                                                        (lanjutan)                                                        (continued)

                                                                                                                                         h.   Giro pada Bank Indonesia dan bank lain                        h. Current accounts with Bank Indonesia and
     f.    Transaksi     dengan       pihak-pihak   berelasi          f.   Transactions with related parties (continued)                      (lanjutan)                                                       other banks (continued)
           (lanjutan)
                                                                                                                                              Giro Wajib Minimum (lanjutan)                                     The Minimum Statutory Reserve (continued)
           Semua transaksi signifikan dengan pihak-pihak                   All significant transactions with related parties have
           berelasi, telah diungkapkan pada Catatan 56.                    been disclosed in Note 56.                                         PADG     baru   tersebut    mengatur    bahwa                     The new PADG regulates that the fulfillment of
                                                                                                                                              pemenuhan GWM dalam Rupiah Bank Umum                              Minimum Statutory Reserves in Rupiah for
                                                                                                                                              Konvensional (BUK) ditetapkan sebagai berikut:                    Conventional Commercial Banks (BUK) is
     g.    Kas dan setara kas                                        g.    Cash and cash equivalents                                                                                                            determined as follows:
                                                                                                                                              a.   Secara harian sebesar 0% (nol persen); dan                   a. On a daily basis of 0% (zero percent); and
           Kas (terutama terdiri dari kas di khasanah dan                  Cash (mainly consists of cash in vault and cash in                 b.   Secara rata-rata untuk:                                      b. On average for:
           kas di ATM) dan setara kas mencakup kas, giro                   ATMs) and cash equivalents consist of cash,                             1) Periode 1 Juli 2022 sampai dengan                            1) Period 1 July 2022 to 31 August 2022 of
                                                                                                                                                       31 Agustus 2022 sebesar 7,5% (tujuh                            7.5% (seven point five percent); and
           pada Bank Indonesia, giro pada bank lain dan                    current accounts with Bank Indonesia, current
                                                                                                                                                       koma lima persen); dan
           investasi jangka pendek likuid lainnya dengan                   accounts with other banks and other short term                          2) Periode 1 September 2022 dan                                 2) Period 1 September 2022 onwards of 9%
           jangka waktu jatuh tempo 3 (tiga) bulan atau                    liquid investments with original maturities of 3                            seterusnya sebesar 9% (sembilan                                (nine percent).
           kurang sejak tanggal perolehan.                                 (three) months or less since the date of acquisition.                       persen).

     h.    Giro pada Bank Indonesia dan bank lain                     h. Current accounts with Bank Indonesia and                             GWM dalam Rupiah untuk Entitas Anak yang                          GWM in Rupiah for Subsidiaries that carry out
                                                                                                                                              menjalankan kegiatan usaha dengan prinsip                         business activities with sharia principles must be
                                                                         other banks
                                                                                                                                              syariah wajib dipenuhi sebesar:                                   met as follows:
                                                                                                                                              a. Secara harian sebesar 0% (nol persen); dan                     a. On a daily basis of 0% (zero percent); and
           Giro pada Bank Indonesia dan Bank lain                          Current accounts with Bank Indonesia and other                     b. Secara rata-rata untuk:                                        b. On average for:
           diklasifikasikan   sebagai   biaya     perolehan                banks are classified as amortised cost. Refer to                        1) Periode 1 Juli 2022 sampai dengan                            1) Period 1 July 2022 to 31 August 2022 of
           diamortisasi. Lihat Catatan 2c untuk kebijakan                  Note 2c for the accounting policy of amortised cost.                        31 Agustus 2022 sebesar 6% (enam                                 6% (six percent); and
           akuntansi atas biaya perolehan diamortisasi.                                                                                                persen); dan
                                                                                                                                                   2) Periode 1 September 2022 dan                                 2)   Period 1 September 2022 onwards of
                                                                                                                                                       seterusnya sebesar 7,5% (tujuh koma                              7.5% (seven point five percent).
           Giro Wajib Minimum                                              The Minimum Statutory Reserve                                               lima persen).

           Pemenuhan Giro Wajib Minimum (“GWM”)                            Fulfillment of the Minimum Statutory Reserves                      Selain itu, Bank Indonesia melakukan penguatan                    In addition, Bank Indonesia has strengthened
           mengacu pada Peraturan Bank Indonesia (PBI)                     (“GWM”) refers to Bank Indonesia Regulation (PBI)                  kebijakan untuk mendorong pertumbuhan                             policies to encourage economic growth through the
                                                                                                                                              ekonomi melalui ketentuan insentif GWM dalam                      provision of GWM incentives in Rupiah, outlined in
           No. 20/3/PBl/2018 tanggal 29 Maret 2018 tentang                 No. 20/3/PBl/2018 dated 29 March 2018
                                                                                                                                              Rupiah yang dituangkan dalam PBI No. 11 tahun                     PBI No. 11 of 2023 dated 18 September 2023, on
           Giro Wajib Minimum dalam Rupiah dan Valuta                      concerning Statutory Reserves in Rupiah and                        2023 tanggal 18 September 2023 tentang                            the Macroprudential Liquidity Incentive Policy, as
           Asing bagi Bank Umum Konvensional, Bank                         Foreign Exchange for Conventional Commercial                       Kebijakan Insentif Likuiditas Makroprudensial,                    further regulated by PADG No. 11 of 2023 dated
           Umum Syariah, dan Unit Usaha Syariah                            Banks, Sharia Commercial Banks, and Sharia                         sebagaimana diatur lebih lanjut melalui PADG                      27 September 2023, on the Implementing
           sebagaimana telah diubah sebanyak 4 (empat)                     Business Units as amended 4 (four) times through                   Nomor 11 tahun 2023 tanggal 27 September                          Regulation of the Macroprudential Liquidity
           kali melalui PBI No. 22/3/PBl/2020 tanggal                      PBI No. 22/3/PBl/2020 dated 24 March 2020, PBI                     2023 tentang Peraturan Pelaksanan Kebijakan                       Incentive Policy, which has been amended once
                                                                                                                                              Insentif Likuiditas Makroprudensial sebagaimana                   through PADG No. 4 of 2024 dated 22 May 2024.
           24 Maret 2020, PBI No. 22/10/PBl/2020 tanggal                   No. 22/10/PBl/2020 dated 28 July 2020, PBI No.
                                                                                                                                              telah diubah sebanyak 1 (satu) kali melalui PADG                  Bank Indonesia provides the Macroprudential
           28 Juli 2020, PBI No. 23/16/PBI/2021 tanggal                    23/16/PBI/2021 dated 17 December 2021, and PBI                     Nomor 4 tahun 2024 tanggal 22 Mei 2024. Bank                      Liquidity Incentive (KLM) GWM in Rupiah to banks
           17 Desember 2021, dan PBI No. 24/4/PBI/2022                     No. 24/4/PBI/2022 dated 25 February 2022.                          Indonesia     memberikan     Kebijakan     Insentif               that provide funding for economic activities,
           tanggal 25 Februari 2022.                                                                                                          Likuiditas Makroprudensial (KLM) GWM dalam                        including:(a) granting credit or financing to specific
                                                                                                                                              Rupiah      kepada    bank    yang    melakukan                   sectors designated by Bank Indonesia; (b) granting
           PBI tersebut dijelaskan lebih lanjut melalui                    The provided text elaborates on the regulation                     penyediaan dana untuk kegiatan ekonomi                            credit or inclusive financing based on the
                                                                                                                                              meliputi: (a) pemberian kredit atau pembiayaan                    achievement of the Macroprudential Inclusive
           Peraturan Anggota Dewan Gubemur (PADG)                          through the Board of Governors' Regulation
                                                                                                                                              kepada sektor tertentu yang ditetapkan Bank                       Financing Ratio (RPIM); (c) granting credit or
           No. 24/8/PADG/2022 tanggal 30 Juni 2022                         (Peraturan Anggota Dewan Gubernur - PADG)                          Indonesia; (b) pemberian kredit atau pembiayaan                   financing to Ultra Micro Enterprises (UMi);
           tentang Peraturan Pelaksanaan Pemenuhan Giro                    No. 24/8/PADG/2022 dated 30 June 2022,                             inklusif     berdasarkan    pencapaian       rasio                (d) granting environmentally conscious credit or
           Wajib Minimum dalam Rupiah dan Valuta Asing                     concerning the Implementation Regulation for                       Pembiayaan Inklusif Makroprudensial (RPIM);                       financing; (e) other financing as determined by
           bagi Bank Umum Konvensional, Bank Umum                          Meeting the Minimum Mandatory Reserve in                           (c) pemberian kredit atau pembiayaan kepada                       Bank Indonesia.
           Syariah, dan Unit Usaha Syariah sebagaimana                     Rupiah and Foreign Currency for Conventional                       Usaha Ultra Mikro (UMi); (d) pemberian kredit
                                                                                                                                              atau pembiayaan berwawasan lingkungan;
           telah diubah sebanyak 2 (dua) kali melalui PADG                 Commercial Banks, Sharia Commercial Banks,                         (e) pembiayaan lainnya yang ditetapkan Bank
           Nomor 2 tahun 2023 tanggal 24 Maret 2023 dan                    and Sharia Business Units, as amended 2 (two)                      Indonesia.
           PADG Nomor 12 tahun 2023 tanggal 1 Oktober                      times through PADG No. 2 year 2023 dated
           2023.                                                           24 March 2023 and PADG No. 12 year 2023 dated                      Besaran KLM ditetapkan paling tinggi sebesar                      The KLM amount is set at a maximum of 4% (four
                                                                           1 October 2023.                                                    4% (empat persen).                                                percent).



                                                                    97                                                                                                                                    98
PT BANK MANDIRI (PERSERO) TBK                         1376                                                                                                                                          1377                                       ANNUAL REPORT 2024
Page 411
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                   PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                         DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED             CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS           KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023          31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)   (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                     2.    MATERIAL ACCOUNTING POLICY INFORMATION                      2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                     2.    MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                       (continued)                                                      (lanjutan)                                                       (continued)

                                                                                                                                       h.   Giro pada Bank Indonesia dan bank lain                       h. Current accounts with Bank Indonesia and
     h.    Giro pada Bank Indonesia dan bank lain                      h. Current accounts with Bank Indonesia and
                                                                                                                                            (lanjutan)                                                      other banks (continued)
           (lanjutan)                                                     other banks (continued)
                                                                                                                                            Rasio Intermediasi Makroprudensial                               Macroprudential Intermediation Ratio
           Penyangga Likuiditas Makroprudensial                            Macroprudential Liquidity Buffer
                                                                                                                                            Rasio lntermediasi Makroprudensial (RIM)                         The Macroprudential Intermediation Ratio (RIM)
           Penyangga        Likuiditas     Makroprudensial,                Macroprudential Liquidity Buffer, will be mentioned              dahulu disebut sebagai Loan to Funding Ratio                     was formerly known as the Loan to Funding Ratio
           selanjutnya disebut PLM, adalah cadangan                        as MLB is a minimum statutory reserve which                      (LFR). Berdasarkan PBI No. 20/4/PBl/2018                         (LFR). Based on PBI No. 20/4/PBl/2018 dated
           likuiditas minimum dalam Rupiah yang wajib                      should be maintained in Rupiah by Conventional                   tanggal 29 Maret 2018 tentang Rasio                              29 March 2018 concerning Macroprudential
           dipelihara oleh BUK dalam bentuk surat berharga                 Commercial Bank in the form of securities that met               lntermediasi Makroprudensial dan Penyangga                       Intermediation Ratio and Macroprudential Liquidity
           yang memenuhi persyaratan tertentu, yang                        certain requirements and the amount will be                      Likuiditas Makroprudensial bagi Bank Umum                        Buffer for Conventional Commercial Banks, Sharia
           besarnya ditetapkan oleh Bank Indonesia                         determined by Bank Indonesia in certain                          Konvensional, Bank Umum Syariah, dan Unit                        Commercial Banks and Sharia Business Units the
           sebesar persentase tertentu dari DPK BUK                        percentage of Conventional Commercial Bank                       Usaha Syariah, penyebutan LFR berubah                            term     LFR     changes   to    Macroprudential
           dalam Rupiah. Sedangkan bagi Bank Umum                          Third Party Fund in Rupiah. For Sharia                           menjadi Rasio lntermediasi Makroprudensial                       Intermediation Ratio (RIM) with the obligation to
           Syariah      (BUS),      Penyangga     Likuiditas               Conventional Bank Macroprudential Liquidity buffer               (RIM) dengan kewajiban pemenuhan Giro RIM                        fulfill RIM's current account effective on
           Makroprudensial Syariah (PLM Syariah) adalah                    (MLB Sharia) is minimum statutory reserve which                  mulai berlaku pada tanggal 16 Juli 2018.                         16 July 2018. The regulation has been amended
           cadangan likuiditas minimum dalam Rupiah yang                   should be maintained by Sharia Commercial Bank                   Peraturan    tersebut    telah   disempurnakan                   4 (four) times to become PBI No. 21/12/PBl/2019
           wajib dipelihara oleh BUS dalam bentuk surat                    in the form of sharia securities that met certain                sebanyak 4 (empat) kali menjadi PBI No.                          dated 25 November 2019, PBI No. 22/17/PBI/2020
           berharga syariah yang memenuhi persyaratan                      requirements and the amount will be determined                   21/12/PBl/2019 tanggal 25 November 2019,                         dated       30     September      2020,       PBI
           tertentu, yang besarnya ditetapkan oleh Bank                    by Bank Indonesia in certain percentage of sharia                PBI       No.       22/17/PBI/2020      tanggal                  No. 23/17/PBI/2021 dated 17 December 2021 and
           Indonesia sebesar persentase tertentu dari DPK                  commercial bank’s Third Party Funds in Rupiah.                   30 September 2020, PBI No. 23/17/PBI/2021                        PBI No. 24/16/PBI/2022 dated 31 October 2022.
           BUS dalam Rupiah.                                                                                                                tanggal 17 Desember 2021, dan PBI                                The PBI is further explained through PADG
                                                                                                                                            No. 24/16/PBI/2022 tanggal 31 Oktober 2022.                      No. 21/22/PADG/2019 dated 28 November 2019,
           Pemenuhan       PLM      mengacu      pada     PBI              The requirement of the latest MLB refers to PBI                  PBI tersebut dijelaskan lebih lanjut melalui                     as amended 7 (seven) times to PADG
           No. 20/4/PBl/2018 tanggal 29 Maret 2018 tentang                 No. 20/4/PBl/2018 dated 29 March 2018                            PADG       No.     21/22/PADG/2019      tanggal                  No. 22/11/PADG/2020 dated 29 April 2020, PADG
           Rasio     lntermediasi    Makroprudensial      dan              concerning Macroprudential lntermediation Ratio                  28 November 2019, sebagaimana telah diubah                       No. 22/30/PADG/2020 dated 5 October 2020,
           Penyangga Likuiditas Makroprudensial bagi Bank                  and    Macroprudential     Liquidity   Buffer   for              sebanyak 7 (tujuh) kali menjadi PADG                             PADG No. 23/7/PADG/2021 dated 26 April 2021,
           Umum Konvensional, Bank Umum Syariah, dan                       Conventional      Commercial       Bank,     Sharia              No. 22/11/PADG/2020 tanggal 29 April 2020,                       PADG No. 23/31/PADG/2021 dated 31 December
           Unit Usaha Syariah sebagaimana diubah terakhir                  Commercial Banks, and Sharia Business Units as                   PADG No. 22/30/PADG/2020 tanggal 5 Oktober                       2021, PADG No. 24/14/PADG/2022 dated
           dengan PBI No. 24/16/PBI/2022 tanggal                           last amended by PBI No. 24/16/PBI/2022 dated                     2020, PADG No. 23/7/PADG/2021 tanggal                            31 October 2022, PADG No. 10 year 2023 dated
           31 Oktober 2022 tentang Perubahan Keempat                       31 October 2022 concerning fourth amendments of                  26 April 2021, PADG No.23/31/PADG/2021                           15 September 2023 and PADG No. 18 year 2023
           Atas    Peraturan    Bank      Indonesia    Nomor               PBI No. 20/4/PBI/2018 concerning Macroprudential                 tanggal    31     Desember      2021,    PADG                    dated 29 November 2023.
           20/4/PBI/2018 Tentang Rasio Intermediasi                        lntermediation Ratio and Macroprudential Liquidity               No. 24/14/PADG/2022 tanggal 31 Oktober
           Makroprudensial Dan Penyangga Likuiditas                        Buffer for Conventional Commercial Bank, Sharia                  2022, PADG No. 10 Tahun 2023 tanggal
           Makroprudensial Bagi Bank Umum Konvensional,                    Commercial Banks and Sharia Business Units. The                  15 September 2023 dan PADG No. 18 Tahun
           Bank Umum Syariah, Dan Unit Usaha Syariah.                      PBI is further explained through PADG                            2023 tanggal 29 November 2023.
           PBI tersebut dijelaskan lebih lanjut melalui PADG               No. 21/22/PADG/2019 dated 28 November 2019,
           No. 21/22/PADG/2019 tanggal 28 November                         as amended 7 (seven) times to PADG                               Berdasarkan Peraturan tersebut, RIM adalah                       Based on those Regulations, RIM is the ratio of the
           2019, sebagaimana telah diubah sebanyak                         No. 22/11/PADG/2020 dated 29 April 2020, PADG                    rasio hasil perbandingan antara:                                 results of the comparison of:
           7      (tujuh)      kali      menjadi        PADG               No. 22/30/PADG/2020 dated 5 October 2020,                        a. Kredit yang diberikan kepada pihak ketiga                     a. Loans to third party in Rupiah and foreign
                                                                                                                                                 dalam Rupiah dan valuta asing; dan                              currencies; and
           No. 22/11/PADG/2020 tanggal 29 April 2020,                      PADG No. 23/7/PADG/2021 dated 26 April 2021,
                                                                                                                                            b. Surat berharga korporasi dalam Rupiah dan                     b. Corporate marketable securities in Rupiah and
           PADG No. 22/30/PADG/2020 tanggal 5 Oktober                      PADG No. 23/31/PADG/2021 dated 31 December
                                                                                                                                                 valuta asing yang memenuhi persyaratan                          foreign currencies which meet certain
           2020, PADG No. 23/7/PADG/2021 tanggal                           2021, PADG No. 24/14/PADG/2022 dated
                                                                                                                                                 tertentu yang dimiliki Bank, terhadap:                          requirements over:
           26 April 2021, PADG No. 23/31/PADG/2021                         31 October 2022, PADG No. 10 year 2023 dated
                                                                                                                                                 1. DPK bank dalam bentuk giro, tabungan                         1. TPF bank in terms of current account,
           tanggal      31    Desember       2021,      PADG               14 September 2023, and PADG No. 18 year 2023
                                                                                                                                                      dan simpanan berjangka/deposito dalam                            saving account and time deposits in
           No. 24/14/PADG/2022 tanggal 31 Oktober 2022,                    dated 29 November 2023, whereby the MLB is
                                                                                                                                                      Rupiah dan Valuta asing, tidak termasuk                          rupiah and foreign currencies excluding
           PADG Nomor 10 Tahun 2023 tanggal                                determined at 5% (five percent) of BUK deposits in
                                                                                                                                                      dana antarbank;                                                  interbank fund;
           14 September 2023 , dan PADG No. 18 Tahun                       Indonesian Rupiah, and for subsidiaries engaging
                                                                                                                                                 2. Surat berharga dalam Rupiah dan                              2. Marketable securities issued by the bank
           2023 tanggal 29 November 2023 dimana besaran                    in business activities based on Sharia principles,
                                                                                                                                                      Valuta    Asing      yang      memenuhi                          in Rupiah and Foreign Currencies which
           PLM ditentukan sebesar 5% (lima persen) dari                    the MLB amount is set at 3.5% (three point five
                                                                                                                                                      persyaratan tertentu, yang diterbitkan                           meet certain requirement which issued for
           DPK BUK dalam Rupiah dan besaran PLM untuk                      percent) of the Subsidiary's third party funds in
                                                                                                                                                      oleh Bank untuk memperoleh sumber                                funding; and
           Entitas Anak yang menjalankan kegiatan usaha                    Indonesian Rupiah.
                                                                                                                                                      pendanaan; dan
           dengan prinsip syariah adalah sebesar 3,5% (tiga
                                                                                                                                                 3. Pinjaman yang diterima dalam Rupiah                          3.   Fund borrowing in Rupiah and foreign
           koma lima persen) dari DPK Entitas Anak dalam
                                                                                                                                                      dan valuta asing yang memenuhi                                  currencies     which     met     certain
           Rupiah.
                                                                                                                                                      persyaratan tertentu, yang diterima oleh                        requirements that were received by BUK
                                                                                                                                                      BUK     untuk     memperoleh      sumber                        for funding.
                                                                                                                                                      pendanaan.




                                                                     99                                                                                                                                100
PT BANK MANDIRI (PERSERO) TBK                          1378                                                                                                                                      1379                                      ANNUAL REPORT 2024
Page 412
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                 PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED              CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS            KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                   31 DECEMBER 2024 AND 2023           31 DESEMBER 2024 DAN 2023                                                                       31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)    (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                  2.    MATERIAL ACCOUNTING POLICY INFORMATION                       2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                      2.    MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                    (continued)                                                       (lanjutan)                                                        (continued)
     h.    Giro pada Bank Indonesia dan bank lain                   h. Current accounts with Bank Indonesia and
           (lanjutan)                                                  other banks (continued)                                       i.   Penempatan pada Bank Indonesia dan bank                      i.    Placements with Bank Indonesia and other
                                                                                                                                          lain                                                               banks
           Giro Rasio Intermediasi Makroprudensial                      Macroprudential    Intermediation    Ratio   Current
                                                                        Accounts                                                          Penempatan pada Bank Indonesia dan bank lain                       Placements with Bank Indonesia and other banks
                                                                                                                                          merupakan penempatan dana dalam bentuk                             represent placements in the form of Bank
           Giro atas pemenuhan RIM yang selanjutnya                     Current accounts for RIM fulfillment, hereinafter                 Deposit Facility (DF), Fasilitas Simpanan Bank                     Indonesia Deposit Facility, sharia FASBI (Fasilitas
           disebut Giro RIM adalah saldo pada rekening                  referred to as RIM Current Account, are the current
           Giro Rupiah pada Bank Indonesia Real Time                    accounts balance in Rupiah current accounts.                      Indonesia Syariah (FASBIS), Pasar Uang Antar                       Simpanan Bank Indonesia Syariah (FASBIS)),
           Gross Settlement (BI-RTGS) dan dana Bank                     Account at Bank Indonesia Real Time Gross                         Bank, Pasar Uang Antar Bank Syariah, deposito                      interbank call money, sharia interbank call money,
           Indonesia Fast Payment (BI-Fast) yang wajib                  Settlement (BI-RTGS) and Bank Indonesia Fast                      berjangka dan lain-lain.                                           time deposits and others.
           dipelihara oleh Bank. Dalam hal RIM berada                   Payment (BI-FAST) which must be maintained by
           dalam kisaran target RIM maka Giro RIM                       the Bank. In the event that RIM falls within RIM's                Penempatan pada Bank Indonesia dan bank lain                       Placements with Bank Indonesia and other banks
           ditetapkan sebesar 0% (nol persen) dari DPK                  target range, RIM's Current Account is set at 0%                  disajikan sebesar biaya perolehan diamortisasi                     are stated at amortised cost using effective interest
           dalam Rupiah. Sedangkan apabila RIM berada di                (zero percent) of TPF in rupiah. Meanwhile, if RIM                dengan menggunakan suku bunga efektif                              rate less any allowance for impairment losses.
           luar kisaran target RIM, maka Giro RIM                       is outside the range of RIM's target, RIM's current
           ditetapkan sebesar hasil perkalian antara                    accounts are determined as the result of the                      dikurangi dengan cadangan kerugian penurunan
           Parameter Disinsentif Bawah atau Parameter                   multiplication of the Lower Disincentive Parameter                nilai.
           Disinsentif Atas, selisih antara RIM dan Target              or Upper Disincentive Parameter, the difference
           RIM, serta DPK dalam Rupiah.                                 between RIM and RIM's target, and TPF in rupiah.                  Sesuai dengan Peraturan Otoritas Jasa                              In accordance with Regulation of Financial
                                                                                                                                          Keuangan (POJK) No. 40/POJK.03/2019 tanggal                        Services Authority (POJK) No. 40/POJK.03/2019
           Besaran dan parameter yang digunakan dalam                   The amounts and parameters used in fulfilling RIM                 19 Desember 2019 tentang Penilaian Kualitas                        dated 19 December 2019 concerning the Quality
           pemenuhan Giro RIM ditetapkan:                               Current Account are determined as follows:                        Aset Bank Umum, seluruh bentuk penempatan                          Assessment of Commercial Banks, all forms of
           a. Batas bawah Target RIM sebesar 84%                        a. The lower limit of RIM's Target of 84% (eighty
                                                                                                                                          pada Bank Indonesia ditetapkan memiliki kualitas                   placements with Bank Indonesia are determined to
               (delapan puluh empat persen);                                four percent);
           b. Batas atas Target RIM sebesar 94%                         b. The upper limit of RIM's Target of 94% (ninety                 lancar.                                                            have current quality.
               (sembilan puluh empat persen);                               four percent);
           c. Kewajiban Penyediaan Modal Minimum                        c. Minimum Capital Adequacy Requirement                           Penempatan pada Bank Indonesia dan bank lain                       Placements with Bank Indonesia and other banks
               (KPMM) lnsentif sebesar 14% (empat belas                     (CAR) Incentive of 14% (fourteen percent);                    diklasifikasikan   sebagai   biaya     perolehan                   are classified as amortised cost. Refer to Note 2c
               persen);                                                                                                                   diamortisasi. Lihat Catatan 2c untuk kebijakan                     for the accounting policy of amortised cost.
           d. Parameter Disinsentif Bawah ditetapkan:                   d.   The Lower Disincentive Parameters are                        akuntansi atas biaya perolehan diamortisasi.
                                                                             defined as follows:
              1. Sebesar 0 (nol), jika BUK memiliki rasio                    1. Amounting to 0 (zero), if the BUK has                j.   Efek-efek                                                     j.   Marketable securities
                  kredit bermasalah secara bruto lebih                            gross non-performing loan ratio greater
                  besar dari atau sama dengan 5% (lima                            than or equal to 5% (five percent);
                  persen);                                                                                                                Efek-efek yang dimiliki terdiri dari efek-efek yang                Marketable securities consist of securities traded in
              2. Sebesar 0 (nol), jika BUK memiliki:                         2.   Amounting to 0 (zero), if the BUK has:                  diperdagangkan di pasar uang seperti Sertifikat                    the money market such as Certificates of Bank
                  a) Rasio kredit bermasalah secara                               a) Gross non-performing loan ratio is                   Bank Indonesia (SBI), Sertifikat Bank Indonesia                    Indonesia (Sertifikat Bank Indonesia (SBI)), Sharia
                      bruto lebih kecil dari 5% (lima                                less than 5% (five percent); and                     Syariah (SBIS), Surat Perbendaharaan Negara                        Certificates of Bank Indonesia (Sertifikat Bank
                      persen); dan                                                                                                        (SPN), Negotiable Certificates of Deposits,                        Indonesia Syariah (SBIS)), Government Treasury
                  b) KPMM lebih kecil dari atau sama                              b) CAR is greater than or equal to                      Medium Term Notes, Treasury Bills yang                             Bills (Surat Perbendaharaan Negara (SPN))
                      dengan KPMM lnsentif;                                          Incentive CAR                                        diterbitkan oleh pemerintah negara lain dan                        Negotiable Certificates of Deposits, Medium Term
              3. Sebesar 0,1 (nol koma satu), jika BUK                       3.   Amounting to 0.1 (zero point one), if the
                                                                                                                                          Pemerintah Republik Indonesia, wesel ekspor,                       Notes, Treasury Bills issued by government of
                  memiliki:                                                       CCB has:
                                                                                  a) Gross non-performing loan ratio is                   efek-efek yang diperdagangkan di pasar modal                       other country and Government of Republic of
                  a) Rasio kredit bermasalah secara
                      bruto lebih kecil dari 5% (lima                                less than 5% (five percent); and                     seperti unit reksa dana, serta efek-efek yang                      Indonesia, export bills, securities traded on the
                      persen); dan                                                                                                        diperdagangkan di bursa efek seperti saham dan                     capital market such as mutual fund units and
                  b) KPMM lebih besar dari KPMM                                   b)   CAR is greater than incentive CAR                  obligasi, termasuk obligasi syariah perusahaan.                    securities traded on the stock exchanges such as
                      lnsentif dan lebih kecil dari atau                               and less than or equal to 19%                                                                                         shares and bonds including sharia corporate
                      sama dengan 19% (sembilan belas                                  (nineteen percent); and                                                                                               bonds.
                      persen); dan
              4. Sebesar 0,15 (nol koma satu lima), jika                     4.   Amounting to 0.15 (zero point one five), if             Efek-efek diklasifikasikan sebagai aset keuangan                   Marketable securities are classified as financial
                  BUK memiliki:                                                   BUK has:
                                                                                  a) Gross Non-Performing Loans Ratio is                  dalam kelompok diukur pada nilai wajar melalui                     assets at fair value through profit or loss, fair value
                  a) Rasio kredit bermasalah secara                                                                                       laba rugi, nilai wajar melalui penghasilan                         through other comprehensive income, and at
                      bruto lebih kecil dari 5% (lima                                less than 5% (five percent); and
                                                                                                                                          komprehensif lain, dan biaya perolehan                             amortised cost. Refer to Note 2c for the accounting
                      persen); dan
                  b) KPMM lebih besar dari 19%                                    b) CAR is greater than 19% (nineteen                    diamortisasi. Lihat Catatan 2c untuk kebijakan                     policy of financial assets through fair value through
                      (sembilan belas persen); dan                                   percent); and                                        akuntansi atas aset keuangan dalam kelompok                        profit or loss, fair value through other
           e. Parameter Disinsentif Atas ditetapkan:                    e.   Upper    Disincentive    Parameters   are                    diukur pada nilai wajar melalui laba rugi, nilai                   comprehensive income, and at amortised cost.
                                                                             determined as follows:                                       wajar melalui penghasilan komprehensif lain, dan
               1.   Sebesar 0 (nol), jika BUK memiliki                       1. Amounting to 0 (zero), if the Bank has                    biaya perolehan diamortisasi.
                    KPMM lebih besar dari KPMM lnsentif;                         CAR greater than or equal to Incentive
                    atau                                                         CAR; or
                                                                             2. Amounting to 0 (zero), if the Bank has                    Investasi dalam unit reksa dana dinyatakan                         Investments in mutual funds units are stated at
               2.   Sebesar 0 (nol), jika BUK memiliki                                                                                    sebesar nilai pasar sesuai nilai aset bersih dari                  market value, in accordance with the net assets
                    KPMM lebih kecil dari atau sama                              CAR smaller than Incentive CAR.
                                                                                                                                          reksa dana pada tanggal laporan posisi                             value of mutual funds at the date of the
                    dengan KPMM lnsentif.
                                                                                                                                          keuangan konsolidasian.                                            consolidated statement of financial position.



                                                                  101                                                                                                                                 102
PT BANK MANDIRI (PERSERO) TBK                        1380                                                                                                                                       1381                                         ANNUAL REPORT 2024
Page 413
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                        PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                              DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED                 CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS               KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                       31 DECEMBER 2024 AND 2023              31 DESEMBER 2024 DAN 2023                                                                       31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                      2.    MATERIAL ACCOUNTING POLICY INFORMATION                          2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                      2.    MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                        (continued)                                                          (lanjutan)                                                        (continued)
     j.    Efek-efek (lanjutan)                                         j.   Marketable securities (continued)                              m. Tagihan atas efek-efek yang dibeli dengan                       m. Securities purchased under agreements to
           Untuk efek-efek yang diperdagangkan di pasar                      For marketable securities which are traded in                     janji dijual kembali dan liabilitas atas efek-                     resell and securities sold under agreements to
           keuangan yang terorganisasi, nilai wajar tersebut                 organised financial markets, the fair value is                    efek yang dijual dengan janji dibeli kembali                       repurchase liabilities
           umumnya ditentukan dengan mengacu pada                            generally determined by reference to quoted
           harga pasar kuotasian yang terjadi di bursa efek                  market prices by the stock exchanges at the end of                  Tagihan atas efek-efek yang dibeli dengan janji                    Securities purchased under agreements to resell
           pada akhir hari pada tanggal laporan posisi                       business day on the consolidated statement of                       dijual kembali diklasifikasikan sebagai aset                       are classified as financial assets at amortised cost.
           keuangan konsolidasian. Untuk efek-efek yang                      financial position date. For marketable securities                  keuangan dalam kelompok biaya perolehan                            Refer to Note 2c for the accounting policy financial
           tidak mempunyai harga pasar, estimasi atas nilai                  with no quoted market price, a reasonable estimate                  diamortisasi. Lihat Catatan 2c untuk kebijakan                     assets of amortised cost.
           wajar efek-efek ditetapkan dengan mengacu                         of the fair value is determined by reference to the                 akuntansi atas aset keuangan dalam kelompok
           pada nilai wajar instrumen lain yang substansinya                 current market value of another instrument which
                                                                                                                                                 biaya perolehan diamortisasi.
           sama atau dihitung berdasarkan arus kas yang                      substantially has the same characteristic or
           diharapkan terhadap aset bersih efek-efek                         calculated based on the expected cash flows of the
           tersebut. Penurunan nilai wajar permanen atas                     underlying net asset of the marketable securities.                  Tagihan atas efek-efek yang dibeli dengan janji                    Securities purchased under agreements to resell
           efek-efek untuk biaya perolehan diamortisasi dan                  Any permanent impairment in the fair value of                       dijual kembali disajikan sebagai aset dalam                        are presented as assets in the consolidated
           nilai wajar melalui penghasilan komprehensif lain                 marketable securities classified as amortised cost                  laporan posisi keuangan konsolidasian sebesar                      statement of financial position at the agreed resale
           dibebankan pada laporan laba rugi dan                             and fair value through other comprehensive                          harga pembelian kembali yang disepakati                            price less unamortised prepaid interest and
           penghasilan komprehensif lain konsolidasian                       income is charged to current year’s consolidated                    dikurangi dengan bunga dibayar dimuka yang                         allowance for impairment losses. The difference
           periode berjalan.                                                 statement of profit or loss and other                               belum diamortisasi dan cadangan kerugian                           between the purchase price and the agreed resale
                                                                             comprehensive income.                                               penurunan nilai. Selisih antara harga beli dan                     price is treated as deferred (unamortised) interest
           Pemindahan efek ke klasifikasi dimiliki biaya                     Reclassification of marketable securities to                        harga jual kembali yang disepakati diperlakukan                    income and amortised as income over the period,
           perolehan diamortisasi dari klasifikasi nilai wajar               amortised cost from fair value through other                        sebagai pendapatan bunga dibayar dimuka dan                        commencing from the acquisition date to the resale
           melalui penghasilan komprehensif lain dicatat                     comprehensive income classification is recorded at                  diakui sebagai pendapatan bunga selama jangka                      date using the effective interest rate method.
           sebesar nilai wajarnya. Keuntungan atau                           fair value. Unrealised gains or losses are recorded                 waktu sejak efek-efek tersebut dibeli hingga dijual
           kerugian yang belum direalisasi tetap dilaporkan                  in the equity section and will be amortised up to the               kembali dengan menggunakan metode suku
           dalam komponen ekuitas dan diamortisasi                           maturity date of the marketable securities using the                bunga efektif.
           dengan metode suku bunga efektif selama sisa                      effective interest rate method over the remaining
           umur efek tersebut ke laporan laba rugi dan                       tenor of marketable securities to consolidated                      Efek-efek yang dijual dengan janji untuk dibeli                    Securities sold under agreements to repurchase
           penghasilan komprehensif lain konsolidasian.                      statement of profit or loss and other
                                                                                                                                                 kembali    diklasifikasikan  sebagai   liabilitas                  are classified as financial liabilities at amortised
                                                                             comprehensive income.
                                                                                                                                                 keuangan yang diukur dengan biaya perolehan                        cost. Refer to Note 2c for the accounting policy for
     k.    Obligasi pemerintah                                          k.   Government bonds                                                    diamortisasi. Lihat Catatan 2c untuk kebijakan                     financial liabilities at amortised cost.
                                                                                                                                                 akuntansi atas liabilitas keuangan yang diukur
           Obligasi pemerintah adalah surat utang yang                       Government bonds represent bonds issued by the                      dengan biaya perolehan diamortisasi.
           diterbitkan oleh Pemerintah Republik Indonesia.                   Government of the Republic of Indonesia.
           Obligasi pemerintah terdiri dari obligasi                         Government bonds consist of government bonds                        Entitas Anak mencatat transaksi reverse repo                       The Subsidiaries recognised the reverse repo
           pemerintah yang diperoleh dalam rangka                            from the recapitalisation program and government                    syariah mengacu ke PSAK No. 411 tentang                            sharia in accordance with SFAS No. 411 regarding
           program rekapitalisasi dan obligasi pemerintah                    bonds purchased from the market.                                    “Akuntansi Wa’d” yang diterapkan secara                            “Accounting Wa’d” which applied prospectively. At
           yang dibeli dari pasar.
                                                                                                                                                 prospektif. Pada saat pengakuan awal, Entitas                      initial recognition, Subsidiaries classified sharia
           Obligasi pemerintah diklasifikasikan sebagai aset                 Government bonds are classified as financial                        Anak mengklasifikasikan surat berharga syariah                     securities as measured at fair value through other
           keuangan dalam kelompok diukur pada nilai                         assets at fair value through profit or loss, fair value             dalam kategori diukur pada nilai wajar melalui                     comprehensive income. Gains or losses arising
           wajar melalui laba rugi, nilai wajar melalui                      through other comprehensive income and at                           penghasilan komprehensif lain. Keuntungan atau                     from changes in fair value are recognised in other
           penghasilan komprehensif lain, dan biaya                          amortised cost. Refer to Note 2c for the accounting                 kerugian dari perubahan nilai wajar diakui dalam                   comprehensive income.
           perolehan diamortisasi. Lihat Catatan 2c untuk                    policy of financial assets at fair value through profit             penghasilan komprehensif lain.
           kebijakan akuntansi atas aset keuangan dalam                      or loss, fair value through other comprehensive
           kelompok diukur pada nilai wajar melalui laba                     income, and at amortised cost.                                 n.   Tagihan derivatif dan liabilitas derivatif                    n.   Derivative receivables and derivative payables
           rugi,    nilai  wajar     melalui     penghasilan
           komprehensif lain, dan biaya perolehan
           diamortisasi.                                                                                                                         Seluruh instrumen derivatif (termasuk transaksi                    All derivative instruments (including foreign
                                                                                                                                                 valuta asing untuk tujuan pendanaan dan                            currency transactions for funding and trading
     l.    Tagihan lainnya - transaksi perdagangan                     l.    Other receivables - trade transactions                              perdagangan) dicatat dalam laporan posisi                          purposes) are recognised in the consolidated
                                                                                                                                                 keuangan konsolidasian berdasarkan nilai                           statement of financial position at their fair values.
           Tagihan lainnya - transaksi perdagangan adalah                    Other receivables - trade transactions represent                    wajarnya. Nilai wajar tersebut ditentukan                          Fair value is determined based on market value
           tagihan sebagai akibat dari perjanjian pemberian                  receivables resulting from contracts for trade-                     berdasarkan harga pasar dengan menggunakan                         using Revinitif Eikon rate at reporting date or
           fasilitas perdagangan kepada debitur yang akan                    related facilities given to customers, which will be                kurs Revinitif Eikon pada tanggal laporan atau                     discounted cash flow method.
           ditagih pada saat jatuh tempo.                                    collected on maturity.                                              metode diskonto arus kas.
           Tagihan lainnya diklasifikasikan sebagai aset                     Other receivables - trade transactions are
           keuangan dalam kelompok biaya perolehan                           classified as financial assets at amortised cost.                   Tagihan derivatif disajikan sebesar keuntungan                     Derivative receivables are presented at the amount
           diamortisasi. Lihat Catatan 2c untuk kebijakan                    Refer to Note 2c for the accounting policy of                       yang belum direalisasi dari kontrak derivatif.                     of unrealised gain from derivative contracts.
           akuntansi aset keuangan dalam kelompok biaya                      amortised cost.                                                     Liabilitas derivatif disajikan sebesar kerugian                    Derivative payables are presented at the amount of
           perolehan diamortisasi.                                                                                                               yang belum direalisasi dari kontrak derivatif.                     unrealised loss from derivative contracts.




                                                                      103                                                                                                                                    104
PT BANK MANDIRI (PERSERO) TBK                           1382                                                                                                                                           1383                                        ANNUAL REPORT 2024
Page 414
          FINANCIAL STATEMENTS 2024


                                              PT BANK MANDIRI (PERSERO) Tbk.                                                                                                    PT BANK MANDIRI (PERSERO) Tbk.
                                         DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                          DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED                CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS              KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                         31 DECEMBER 2024 AND 2023             31 DESEMBER 2024 DAN 2023                                                                    31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)      (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                        2.    MATERIAL ACCOUNTING POLICY INFORMATION                         2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                   2.    MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                          (continued)                                                         (lanjutan)                                                     (continued)

     n.    Tagihan derivatif       dan    liabilitas   derivatif          n.   Derivative receivables and derivative payables                o.   Kredit  yang    diberikan     dan       piutang/          o.   Loans     and     sharia       receivables/financing
           (lanjutan)                                                          (continued)                                                        pembiayaan syariah (lanjutan)                                  (continued)

           Keuntungan atau kerugian dari kontrak derivatif                     Gains or losses from derivative contracts are                      Kredit sindikasi, kredit dalam rangka pembiayaan               Syndicated loans, direct financing and joint
           disajikan dalam laporan keuangan konsolidasian                      presented in the consolidated financial statements                 langsung dan pembiayaan bersama serta                          financing, and channelling loans are stated at their
           berdasarkan tujuan Bank atas transaksi yaitu                        based on its purpose designated upon acquisition,                  penerusan dinyatakan sebesar saldonya sesuai                   outstanding balances in proportion to the risks
           untuk (1) lindung nilai atas nilai wajar, (2) lindung               for (1) fair value hedge, (2) cash flow hedge,                     dengan porsi kredit yang risikonya ditanggung                  borne by the Bank and its Subsidiaries.
           nilai atas arus kas, (3) lindung nilai atas investasi               (3) net investment in a foreign operation hedge,                   oleh Bank Mandiri dan Entitas Anak.
           bersih pada kegiatan operasi luar negeri dan (4)                    and (4) trading instruments as follows:
           instrumen perdagangan, sebagai berikut:                                                                                                Piutang/pembiayaan syariah                                     Sharia receivables/financing
           1. Keuntungan atau kerugian dari kontrak                            1.   Gain or loss on a derivative contract
                 derivatif yang ditujukan dan memenuhi                              designated and qualified as a fair value                      Di dalam kredit yang diberikan termasuk                        Included in loans are financing provided by
                 syarat sebagai instrumen lindung nilai atas                        hedging instrument and the gain or loss                       pembiayaan oleh PT Bank Syariah Indonesia                      PT Bank Syariah Indonesia Tbk. (previously
                 nilai wajar dan keuntungan atau kerugian                           arising from the changes in fair value of                     Tbk. (dahulu PT Bank Syariah Mandiri (“BSM”)),                 PT Bank Syariah Mandiri (“BSM”)), a Subsidiary, in
                 atas perubahan nilai wajar aset dan liabilitas                     hedged assets and liabilities is recognised as                Entitas Anak, berupa piutang, pembiayaan                       the form of sharia receivables, sharia financing and
                 yang dilindungi, diakui sebagai laba atau rugi                     gain or loss that can be set off one another                  syariah dan pinjaman qardh.                                    funds of qardh.
                 yang dapat saling hapus dalam periode                              during the same accounting year. Any
                 akuntansi yang sama. Setiap selisih yang                           difference representing hedge ineffectiveness                 Mudharabah adalah kerja sama suatu usaha                       Mudharabah financing is a co-operation for certain
                 terjadi        menunjukkan           terjadinya                    and directly recognised as gain or loss in the                antara pihak pertama (malik, shahibul maal atau                project between first party (malik, shahibul maal or
                 ketidakefektifan lindung nilai dan secara                          current year.                                                 Entitas Anak) yang menyediakan seluruh modal                   Subsidiary) as owner of fund and second party
                 langsung diakui sebagai laba atau rugi tahun                                                                                     dan pihak kedua (amil, mudharib atau nasabah)                  (amil, mudharib or debtors) as fund manager and
                 berjalan.                                                                                                                        yang bertindak selaku pengelola dana dengan                    the profit will be shared in accordance with
           2. Bagian efektif dari keuntungan atau kerugian                     2.   The effective portion arising from gain or loss               membagi keuntungan usaha sesuai dengan                         percentage as stated in the agreement, meanwhile
                 atas kontrak derivatif yang ditujukan sebagai                      of derivative contracts designated as cash flow               persentase tertentu yang disepakati dalam akad,                losses will be borne by the Subsidiary except if the
                 lindung nilai atas arus kas dilaporkan                             hedge instruments is reported as other                        sedangkan kerugian ditanggung sepenuhnya                       second party does negligence, error or violate the
                 sebagai penghasilan komprehensif lain.                             comprehensive income. The hedge ineffective
                 Bagian yang tidak efektif dari lindung nilai                       portion is recognised as a gain or loss in the                oleh Entitas Anak kecuali jika pihak kedua                     agreement. Mudharabah financing is stated at the
                 dilaporkan sebagai laba atau rugi tahun                            current year.                                                 melakukan kesalahan yang disengaja, lalai atau                 outstanding financing balance less allowance for
                 berjalan.                                                                                                                        menyalahi perjanjian. Pembiayaan mudharabah                    possible losses.
           3. Keuntungan atau kerugian dari kontrak                            3.   Gain or loss arising from derivative contract                 dinyatakan sebesar saldo pembiayaan dikurangi
                 derivatif yang ditujukan sebagai lindung nilai                     that is designated as a net investment hedge                  dengan penyisihan kerugian.
                 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                          Musyarakah adalah kerja sama di antara dua                     Musyarakah financing is a co-operation between
                 komprehensif lain, sepanjang transaksi                             transactions are effectively recognised as                    pihak atau lebih untuk suatu usaha tertentu                    two or more parties for a certain business wherein
                 tersebut dianggap efektif sebagai transaksi                        hedge transactions.                                           dimana masing-masing pihak memberikan porsi                    each party provides a portion of fund on condition
                 lindung nilai.                                                                                                                   dana dengan ketentuan bahwa keuntungan akan                    that the profit shall be shared based on the agreed
           4. Keuntungan atau kerugian dari kontrak                            4.   Gain or loss arising from derivative contract                 dibagi    sesuai    dengan  persentase    yang                 percentage, whereas losses shall be borne in
                 derivatif yang tidak ditujukan sebagai                             that is not designated as a hedging instrument                disepakati, sedangkan kerugian ditanggung                      accordance with the portion of the fund of each
                 instrumen lindung nilai (atau kontrak derivatif                    (or derivative contract that does not qualify as              sesuai dengan porsi dana masing-masing.                        party. Permanent musyarakah financing is
                 yang tidak memenuhi persyaratan sebagai                            a hedging instrument) is recognised as gain or                Pembiayaan musyarakah permanen adalah                          musyarakah in which the fund portion of each
                 instrumen lindung nilai) diakui sebagai laba                       loss in current year.                                         musyarakah dengan ketentuan bagian dana                        partner is stated explicitly in the contract and
                 atau rugi pada tahun berjalan.                                                                                                   setiap mitra ditentukan sesuai akad dan                        remains the same until the contract expires.
                                                                                                                                                  jumlahnya tetap hingga akhir masa akad.                        Declining musyarakah financing (musyarakah
           Tagihan derivatif diklasifikasikan sebagai aset                     Derivative receivables are classified as financial
           keuangan dalam kelompok diukur pada nilai                           assets at fair value through profit or loss,                       Pembiayaan musyarakah menurun (musyarakah                      mutanaqisha) is musyarakah in which the fund
           wajar melalui laba rugi, sedangkan liabilitas                       meanwhile derivative payables are classified as                    mutanaqisha) adalah musyarakah dengan                          portion of one of the partners will be transferred in
           derivatif    diklasifikasikan  sebagai  liabilitas                  financial liabilities at fair value through profit or              ketentuan bagian dana salah satu mitra akan                    several stages to the other partner, resulting in the
           keuangan dalam kelompok diukur pada nilai                           loss. Refer to Note 2c for the accounting policy of                dialihkan secara bertahap kepada mitra lainnya                 declining of fund portion of one of the partners, and
           wajar melalui laba rugi. Lihat Catatan 2c untuk                     financial assets and liabilities at fair value through             sehingga bagian dananya akan menurun dan                       at the end of contract, the other partner will
           kebijakan akuntansi untuk aset keuangan dan                         profit or loss.                                                    pada akhir masa akad mitra lain tersebut akan                  become the sole owner of the business.
           liabilitas keuangan dalam kelompok diukur pada                                                                                         menjadi     pemilik   penuh  usaha    tersebut.                Musyarakah financing is stated at the outstanding
           nilai wajar melalui laba rugi.                                                                                                         Pembiayaan musyarakah dinyatakan sebesar                       financing balance less allowance for possible
                                                                                                                                                  saldo pembiayaan dikurangi dengan penyisihan                   losses.
     o.    Kredit  yang    diberikan          dan      piutang/          o.    Loans and sharia receivables/financing                             kerugian.
           pembiayaan syariah
                                                                                                                                                  Akad murabahah adalah akad pembiayaan suatu                    Murabahah contracts are the financing of goods by
           Kredit yang diberikan adalah penyediaan uang                        Loans represent the provision of cash or cash                      barang dengan menegaskan harga beli kepada                     confirming purchase price to a buyer and the buyer
           atau tagihan yang dapat disetarakan dengan kas,                     equivalent    receivables    based    on     lending               pembeli dan dibayar dengan harga yang lebih                    pays it at a higher price as an agreed profit.
           berdasarkan persetujuan atau kesepakatan                            agreements with borrowers, which the borrowers                     tinggi sebagai marjin yang disepakati. Murabahah               Murabahah is the transaction of sales of goods by
           pinjam-meminjam      dengan      debitur   yang                     are required to repay their debts with interest after
                                                                                                                                                  adalah transaksi penjualan barang dengan                       stating the acquisition cost and income (margin)
           mewajibkan debitur untuk melunasi utang berikut                     a specified period, and matured trade finance
           bunganya setelah jangka waktu tertentu dan                          facilities which have not been settled within                      menyatakan harga perolehan dan keuntungan                      that has been agreed by the seller and buyer.
           tagihan yang berasal dari transaksi perdagangan                     15 days.                                                           (marjin) yang disepakati oleh penjual dan
           yang telah jatuh tempo yang belum diselesaikan                                                                                         pembeli.
           dalam waktu 15 hari.




                                                                        105                                                                                                                                106
PT BANK MANDIRI (PERSERO) TBK                             1384                                                                                                                                       1385                                        ANNUAL REPORT 2024
Page 415
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                    PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                          DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED              CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS            KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023           31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)    (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                     2.    MATERIAL ACCOUNTING POLICY INFORMATION                       2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                     2.    MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                       (continued)                                                       (lanjutan)                                                       (continued)

                                                                                                                                        o.   Kredit      yang        diberikan            dan            o.   Loans     and       sharia     receivables/financing
     o.    Kredit  yang    diberikan     dan        piutang/          o.   Loans     and     sharia     receivables/financing                piutang/pembiayaan syariah (lanjutan)                            (continued)
           pembiayaan syariah (lanjutan)                                   (continued)
                                                                                                                                             Piutang/pembiayaan syariah (lanjutan)                            Sharia receivables/financing (continued)
           Piutang/pembiayaan syariah (lanjutan)                           Sharia receivables/financing (continued)
                                                                                                                                             Kredit yang diberikan dan piutang/pembiayaan                     Loans and sharia receivables/financing are
           Piutang murabahah diklasifikasikan sebagai aset                 Murabahah receivables is classified as financial                  syariah diklasifikasikan sebagai aset keuangan                   classified as financial assets in loans and
           keuangan dalam kategori pinjaman yang                           assets under loans and receivables according to                   dalam kelompok pinjaman yang diberikan dan                       receivables category. Refer to Note 2c for the
           diberikan dan piutang sesuai PSAK No. 239                       SFAS No. 239 “Financial Instruments: Recognition                  piutang. Lihat Catatan 2c untuk kebijakan                        accounting policy of financial assets for loans and
                                                                                                                                             akuntansi atas aset keuangan dalam kelompok                      receivables.
           “Instrumen   Keuangan:       Pengakuan     dan                  and Measurements”.                                                pinjaman yang diberikan dan piutang.
           Pengukuran”.
                                                                                                                                             Restrukturisasi kredit yang diberikan                            Loan restructuring
           Piutang murabahah pada awalnya diukur pada                      Murabahah receivables initially is stated at net
           nilai bersih yang dapat direalisasi ditambah                    realizable value plus transaction cost/directly                   Restrukturisasi kredit dilakukan kepada debitur                  Loan restructuring is done for debtors who has
           dengan biaya transaksi/pendapatan administrasi                  attributable administration fee and additional                    yang berpotensi atau mengalami kesulitan dalam                   potential or experiencing difficulties in fulfilling their
           yang dapat diatribusikan secara langsung dan                    acquisition cost to acquire those financial assets                memenuhi kewajibannya. Restrukturisasi kredit                    obligations. Restructuring includes modification of
                                                                                                                                             meliputi modifikasi persyaratan kredit, konversi                 loan terms, conversion of loans into share/stock or
           biaya tambahan untuk memperoleh aset                            and after initial recognition, it is measured at                  kredit menjadi saham atau instrumen keuangan                     other financial instruments and/or a combination of
           keuangan tersebut, dan setelah pengakuan awal                   amortised cost using the effective interest rate                  lainnya dan/atau kombinasi dari keduanya.                        both.
           diukur pada biaya perolehan diamortisasi                        method less the allowance for impairment losses.
           menggunakan metode tingkat imbal hasil efektif                                                                                    Kerugian yang timbul dari restrukturisasi kredit                 Losses on loan restructuring due to modification of
           dikurangi cadangan kerugian penurunan nilai.                                                                                      yang berkaitan dengan modifikasi persyaratan                     the terms of the loans are recognised as part of
                                                                                                                                             kredit diakui dalam bentuk cadangan kerugian                     allowance for impairment losses only if the present
                                                                                                                                             penurunan nilai bila nilai sekarang dari jumlah                  value of total future cash receipts specified in the
           Piutang murabahah dinyatakan sebesar jumlah                     Murabahah receivables is stated at the balance of                 penerimaan kas yang akan datang yang telah                       new terms of the loans including receipts
           piutang setelah dikurangi dengan marjin yang                    the receivable less realizable deferred margin and                ditentukan dalam persyaratan kredit yang baru,                   designated as interest and loan principal, are less
           ditangguhkan yang dapat direalisasikan dengan                   allowance for possible losses. The Subsidiary                     termasuk penerimaan yang diperuntukkan                           than the carrying amount of loans before
           cadangan kerugian penurunan nilai. Entitas Anak                 calculates the allowance for impairment loss on                   sebagai bunga maupun pokok, adalah lebih kecil                   restructuring.
           menetapkan cadangan kerugian penurunan nilai                    receivables    according    to   the    murabahah                 dari nilai kredit yang diberikan yang tercatat
           atas piutang sesuai dengan kualitas piutang                     receivables quality based on review on each of                    sebelum restrukturisasi.
           murabahah berdasarkan penelaahan atas                           receivables balance.
                                                                                                                                             Untuk restrukturisasi kredit dengan cara konversi                For loan restructuring which involve a conversion
           masing-masing saldo piutang.                                                                                                      kredit yang diberikan menjadi saham atau                         of loans into share/stock or other financial
                                                                                                                                             instrumen keuangan lainnya, kerugian dari                        instruments, a loss on loan restructuring is
           Piutang istishna adalah pembiayaan barang                       Istishna receivables is the financing of goods in the             restrukturisasi kredit diakui dalam bentuk                       recognised as part of allowance for impairment
           dalam bentuk pemesanan pembuatan barang                         form of manufacturing the ordered goods with the                  cadangan kerugian penurunan nilai apabila nilai                  losses if the fair value of the share or financial
           tertentu dengan kriteria dan persyaratan tertentu               agreed criteria and specification by both of orderer              wajar penyertaan saham atau instrumen                            instruments received, deducted by estimated
           yang disepakati antara pemesan atau pembeli                     or buyer (mustashni) and manufacturer or seller                   keuangan yang diterima dikurangi estimasi biaya                  expenses to sell the share or other financial
           (mustashni) dan penjual atau pembuat (shani).                   (shani). Istishna receivables is presented based on               untuk menjualnya adalah lebih kecil dari nilai                   instruments, is less than the carrying amount of
                                                                                                                                             buku kredit yang diberikan.                                      loans.
           Piutang istishna disajikan sebesar tagihan                      the outstanding billings less allowance for possible
           kepada pembeli dikurangi penyisihan kerugian.                   losses.                                                           Bank memiliki ketentuan internal mengenai                        The Bank formed internal regulation regarding the
                                                                                                                                             debitur yang layak untuk dikeluarkan dari daftar                 debtors that are eligible to be removed from the list
           Pinjaman qardh adalah pinjaman dana kepada                      Qardh borrowings is borrowings at the condition                   kredit yang direstrukturisasi, yaitu apabila                     of restructured loans, i.e. when the loan/debtor has
           nasabah dengan ketentuan bahwa nasabah wajib                    that the borrower should repay the loan at                        kredit/debitur telah memenuhi kriteria sebagai                   met the following criteria:
           mengembalikan dana yang diterimanya pada                        specified period of time. The Subsidiary will obtain              berikut:
           waktu yang telah disepakati. Atas transaksi ini,                a fee (ujrah) from this transaction, which is                     i.   Kualitas kredit telah dikategorikan Lancar                  i.    Credit quality has been categorised as Current
                                                                                                                                                  (kolektibilitas 1) sesuai dengan hasil reviu                      (collectability 1) according to the review results
           Entitas Anak mendapatkan ujrah (imbalan) dan                    recognised upon receipt. Qardh included hawalah                        berdasarkan 3 (tiga) pilar penetapan kualitas                     by three (3) pillars of credit quality on Bank
           diakui pada saat diterima. Pinjaman qardh                       and rahn financing agreement. Hawalah is transfer                      kredit dari Bank Indonesia;                                       Indonesia;
           meliputi pembiayaan dengan akad hawalah dan                     of debts from debtors to other party (Subsidiary)                 ii. Tingkat suku bunga yang dikenakan atas                       ii.   The interest rate charged on the current loan
           rahn. Akad hawalah adalah akad pengalihan                       which obligates to bear or pay.                                        fasilitas kredit berjalan merupakan tingkat                       facility is the commercial interest rate to
           utang dari pihak yang berutang (nasabah)                                                                                               suku bunga komersial yang diberikan                               debtors in accordance with the relevant credit
           kepada pihak lain (Entitas Anak) yang wajib                                                                                            kepada debitur sesuai dengan segmen kredit                        segments above the base lending rate;
                                                                                                                                                  yang bersangkutan di atas base lending rate;
           menanggung atau membayar.                                                                                                         iii. Tidak terdapat Tunggakan Bunga yang                         iii. There are no Deferred Delinquency Interest
                                                                                                                                                  Dijadwalkan Kembali (TBYD) dan Bunga                             (TBYD) and Deferred Interest (BYDT) which
           Rahn merupakan transaksi gadai barang atau                      Rahn represents the pledge of goods or assets                          yang Ditangguhkan (BYDT) yang masih                              have not yet been settled.
           harta dari nasabah kepada Entitas Anak dengan                   owned by the customer to the Subsidiary for an                         belum selesai.
           uang sebagai gantinya. Barang atau harta yang                   equivalent amount of money. Assets or goods
           digadaikan tersebut dinilai sesuai harga pasar                  pledged are appraised based on market value, less            p.   Piutang pembiayaan konsumen                                 p.   Consumer financing receivables
           dikurangi persentase tertentu. Atas transaksi ini,              a certain deduction percentage. The Subsidiary will
           Entitas Anak mendapatkan ujrah (imbalan) dan                    obtain a fee (ujrah), which is recognised upon                    Piutang pembiayaan konsumen Entitas Anak                         The Subsidiaries consumer financing receivables
                                                                                                                                             diakui pada awalnya dengan nilai wajar ditambah                  are recognised initially at fair value, plus
           diakui pada saat diterima. Rahn disajikan                       receipt. Rahn is stated at its outstanding balance                biaya-biaya transaksi dan dikurangi yield                        transaction costs and deducted by yield enhancing
           sebesar saldo dikurangi penyisihan kerugian.                    less allowance for possible losses.                               enhancing income yang dapat diatribusikan                        income that is directly attributable, and
                                                                                                                                             secara langsung dan selanjutnya diukur dengan                    subsequently measured at amortised cost using
                                                                                                                                             biaya perolehan diamortisasi menggunakan                         the effective interest rate method.
                                                                                                                                             metode suku bunga efektif.



                                                                     107                                                                                                                                108
PT BANK MANDIRI (PERSERO) TBK                          1386                                                                                                                                       1387                                          ANNUAL REPORT 2024
Page 416
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                  PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                        DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED              CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS            KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                    31 DECEMBER 2024 AND 2023           31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)    (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                   2.    MATERIAL ACCOUNTING POLICY INFORMATION                       2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                     2.    MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                     (continued)                                                       (lanjutan)                                                       (continued)

     p.    Piutang pembiayaan konsumen (lanjutan)                   p.   Consumer financing receivables (continued)                   q.   Investasi bersih dalam sewa pembiayaan                      q.   Net investment finance leases (continued)
                                                                                                                                           (lanjutan)
           Piutang pembiayaan konsumen Entitas Anak                      The Subsidiaries consumer financing receivables
           diklasifikasikan   sebagai   biaya   perolehan                are classified at amortised cost. Refer to Note 2c                Penyewa pembiayaan memiliki hak opsi untuk                       The lessee has the right option to purchase the
           diamortisasi. Lihat Catatan 2c untuk perlakuan                for the accounting policy of financial assets                     membeli aset yang disewa-pembiayaankan pada                      leased asset at the end of the lease period at a
           akuntansi aset keuangan dalam kelompok biaya                  classified at amortised cost.                                     akhir masa sewa pembiayaan dengan harga                          price which has mutually agreed upon at the
           perolehan diamortisasi.                                                                                                         yang telah disetujui bersama pada saat                           commencement of the agreement.
                                                                                                                                           dimulainya perjanjian sewa pembiayaan.
           Penyelesaian      kontrak      sebelum     masa               Early termination before end of consumer financing
           pembiayaan konsumen berakhir diperlakukan                     is treated as a cancellation of an receivables’ terms             Penyelesaian kontrak sebelum masa sewa                           Early termination before end of finance leases’
           sebagai   pembatalan       kontrak   pembiayaan               existing contract and the resulting gain or loss is               pembiayaan berakhir diperlakukan sebagai                         terms is treated as a cancellation of an existing
           konsumen dan laba atau rugi yang terjadi diakui               credited or charged to the current year’s                         pembatalan kontrak sewa dan laba atau rugi                       contracts and the resulting gain or loss is
           dalam laporan laba rugi dan penghasilan                       consolidated statement of profit or loss and other                yang timbul diakui dalam laporan laba rugi dan                   recognised in the current year consolidated
           komprehensif lain konsolidasian tahun berjalan                comprehensive income at the transaction date.                     penghasilan komprehensif lain konsolidasian                      statement of profit or loss and other
           pada tanggal terjadinya transaksi.                                                                                              tahun berjalan.                                                  comprehensive income.

           Restrukturisasi kredit dapat dilakukan dengan                 Loan/financing restructuring can be done by                  r.   Aset tetap, aset dan liabilitas sewa dan aset               r.   Fixed assets, leased assets and liabilities, and
           cara pengalihan kredit, melanjutkan kredit,                   transfer of financing, financing continuation,                    takberwujud                                                      intangible assets
           mengangsur kembali, mengubah jatuh tempo,                     re-installment payment, change the due date,
           mengubah tenor dan/atau menambah uang                         change the tenor and/or increase the down                         i.   Aset tetap dan perangkat lunak                              i.   Fixed assets and software
           muka.                                                         payment.
                                                                                                                                                Pada tanggal 1 April 2016, Grup melakukan                        On 1 April 2016, the Group changed their
           Pendapatan pembiayaan konsumen yang belum                     Subsidiaries’ unearned consumer financing income                       perubahan kebijakan akuntansi atas tanah                         accounting policy relating to land from cost
           diakui milik Entitas Anak merupakan selisih                   is the difference between total installments to be                     dari model biaya menjadi model revaluasi.                        model into revaluation model. The land is
           antara   jumlah     keseluruhan pembayaran                    received from customers and the total financing                        Tanah disajikan sebesar nilai wajar.                             stated at fair value.
           angsuran yang akan diterima dari konsumen                     principal which is recognised as consumer
           dengan jumlah pokok pembiayaan, yang akan                     financing income over the term of the contract                         Penilaian terhadap tanah dilakukan oleh                          Appraisal of the land is performed by a
           diakui  sebagai      pendapatan pembiayaan                    using effective interest rate.                                         penilai independen eksternal yang memiliki                       certified external independent appraiser.
           konsumen selama jangka waktu kontrak                                                                                                 sertifikasi. Penilaian atas aset tersebut                        Assessment of those assets are conducted
           menggunakan metode suku bunga efektif.                                                                                               dilakukan secara berkala untuk memastikan                        regularly to ensure that the fair value of the
                                                                                                                                                bahwa nilai wajar aset yang direvaluasi tidak                    revaluated asset is not materially different
           Piutang pembiayaan konsumen merupakan                         Consumer financing receivables are net of joint                        berbeda secara material dengan nilai                             from its carrying value.
           jumlah piutang setelah dikurangi dengan bagian                financing receivables after deducted with joint                        tercatatnya.
           pembiayaan bersama dimana risiko kredit                       financing portion where joint financing providers
           ditanggung oleh pemberi pembiayaan bersama                    bear credit risk in accordance with its portion                        Jika nilai wajar dari aset yang direvaluasi                      If the fair value of the revalued asset change
           sesuai dengan porsinya (without recourse),                    (without recourse), unearned consumer financing                        mengalami perubahan yang signifikan dan                          significantly and fluctuative, it is necessary to
           pendapatan pembiayaan yang belum diakui dan                   income and allowance for impairment losses.                            fluktuatif, maka perlu direvaluasi secara                        revaluate the assets on an annual basis,
           cadangan kerugian penurunan nilai.                                                                                                   tahunan, sedangkan jika nilai wajar dari aset                    whereas if the fair value of the revalued asset
                                                                                                                                                yang direvaluasi tidak mengalami perubahan                       does not change significantly, it is necessary
           Piutang pembiayaan konsumen yang dibiayai                     Joint financing receivables that are jointly financed                  yang signifikan dan fluktuatif, maka perlu                       to revaluate at a minimum every 3 years.
           bersama pihak-pihak lain dimana masing-masing                 with other parties, bears credit risk in accordance                    dilakukan revaluasi minimal 3 tahun sekali.
           pihak menanggung risiko kredit sesuai dengan                  with their financing portion (without recourse) are
           porsinya (without recourse) disajikan di laporan              presented on a net basis in the consolidated                           Kenaikan nilai tercatat yang timbul dari                         The increase in the carrying value arising from
           posisi keuangan konsolidasian secara bersih.                  statement of financial position. Consumer financing                    revaluasi tanah dicatat sebagai “Selisih                         the revaluation of land is recorded as "Net
           Pendapatan pembiayaan konsumen dan beban                      income and interest expense related to joint                           bersih revaluasi aset tetap” dan disajikan                       differences in fixed assets revaluation" and is
           bunga yang terkait dengan pembiayaan bersama                  financing without recourse are also presented on a                     sebagai “Penghasilan komprehensif lain”.                         presented as "Other comprehensive income".
           without recourse disajikan secara bersih di                   net basis in the consolidated statement of profit or                   Penurunan nilai tercatat yang timbul dari                        Any impairment arising from the revaluation is
           laporan laba rugi dan penghasilan komprehensif                loss and other comprehensive income.                                   revaluasi dicatat sebagai beban pada tahun                       recorded as expense of the current year. If the
           lain konsolidasian.                                                                                                                  berjalan. Apabila aset tersebut memiliki                         asset had a balance of "Net differences in
                                                                                                                                                saldo “Selisih bersih revaluasi aset tetap”                      fixed assets revaluation" that is presented as
           Dalam pembiayaan bersama without recourse,                    In joint financing without recourse, the Subsidiaries                  yang      disajikan  sebagai    “penghasilan                     "other comprehensive income", then the
           Entitas Anak berhak menentukan tingkat bunga                  has the right to set higher interest rates to                          komprehensif lain”, maka selisih penurunan                       impairment difference recorded is charged
           yang lebih tinggi kepada pelanggan dari tingkat               customers than those that are stated in the joint                      nilai tercatat tersebut dibebankan terhadap                      against "Net differences in fixed assets
           bunga yang ditetapkan dalam perjanjian dengan                 financing agreements with joint financing providers.                   “Selisih bersih revaluasi aset tetap” dan                        revaluation" and the rest is recognised as
           pemberi pembiayaan bersama. Selisihnya                        The difference is recognised as revenue and                            sisanya diakui sebagai beban tahun berjalan.                     expense of the current year.
           merupakan pendapatan dan disajikan sebagai                    disclosed part of as “Consumer financing income”.
           bagian     dari    “Pendapatan    pembiayaan                                                                                         Grup melakukan revaluasi di tahun 2016                           Group conducted revaluation in 2016, for
           konsumen”.                                                                                                                           untuk tujuan akuntansi dan pajak dimana                          accounting and tax purposes where the Group
                                                                                                                                                entitas memperoleh persetujuan dari otoritas                     obtained approval from the tax authorities. The
     q.    Investasi bersih dalam sewa pembiayaan                   q.   Net investment finance leases                                          perpajakan. Jumlah pajak yang telah dibayar                      amount of taxes paid is recognised in other
                                                                                                                                                diakui di penghasilan komprehensif lain dan                      comprehensive income and accumulated in
           Investasi bersih dalam sewa pembiayaan                        Net investment finance leases are classified at                        terakumulasi dalam ekuitas dan di-offset                         equity and offset against Net differences in
           diklasifikasikan   sebagai   biaya     perolehan              amortised cost. Refer to Note 2c to the accounting                     pada bagian selisih bersih revaluasi aset                        fixed assets revaluation.
           diamortisasi. Lihat Catatan 2c untuk kebijakan                policy for at amortised cost.                                          tetap.
           akuntansi atas biaya perolehan diamortisasi.




                                                                   109                                                                                                                                110
PT BANK MANDIRI (PERSERO) TBK                        1388                                                                                                                                       1389                                        ANNUAL REPORT 2024
Page 417
          FINANCIAL STATEMENTS 2024


                                             PT BANK MANDIRI (PERSERO) Tbk.                                                                                                            PT BANK MANDIRI (PERSERO) Tbk.
                                        DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                  DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED                  CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                           FINANCIAL STATEMENTS                KONSOLIDASIAN                                                                                        FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                           31 DECEMBER 2024 AND 2023               31 DESEMBER 2024 DAN 2023                                                                        31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                  (Expressed in millions of Rupiah, unless otherwise stated)        (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                          2.    MATERIAL ACCOUNTING POLICY INFORMATION                           2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                       2.    MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                            (continued)                                                           (lanjutan)                                                         (continued)
     r.    Aset tetap, aset dan liabilitas sewa dan aset                   r.    Fixed assets, leased assets and liabilities, and                r.   Aset tetap, aset dan liabilitas sewa dan aset                 r.   Fixed assets, leased assets and liabilities, and
           takberwujud (lanjutan)                                                intangible assets (continued)                                        takberwujud (lanjutan)                                             intangible assets (continued)
            i.   Aset tetap dan perangkat lunak (lanjutan)                       i.    Fixed assets and software (continued)                           i. Aset tetap dan perangkat lunak (lanjutan)                      i.    Fixed assets and software (continued)
                 Aset tetap, kecuali tanah, dinyatakan                                 Fixed assets except for land are stated at cost                      Sesuai dengan PSAK No. 216 (Revisi 2011)                           In accordance with SFAS No. 216 (Revised
                 sebesar      biaya     perolehan     dikurangi                        less accumulated depreciation and impairment                         tentang “Aset Tetap”, biaya perolehan hak                          2011) regarding "Fixed Assets", the cost of
                 akumulasi penyusutan dan penyisihan                                   losses. Such cost includes the cost of                               atas tanah dalam bentuk hak guna usaha,                            land rights in the form of right to cultivate, right
                 penurunan nilai. Biaya perolehan termasuk                             replacing part of the fixed assets when that
                 biaya penggantian bagian aset tetap saat                              cost is incurred, if the recognition criteria are                    hak guna bangunan dan hak pakai diakui                             to build and use rights are recognised as fixed
                 biaya tersebut terjadi, jika memenuhi kriteria                        met. Likewise, when a major inspection is                            sebagai aset tetap. Biaya perolehan tersebut                       assets. The acquisition cost is the cost that
                 pengakuan aset tetap. Selanjutnya, pada                               performed, its cost is recognised in the                             merupakan biaya yang dapat diatribusikan                           are directly attributable to obtain land rights,
                 saat inspeksi yang signifikan dilakukan,                              carrying amount of the fixed assets as a                             secara langsung untuk memperoleh hak atas                          including the cost of legal rights to the land
                 biaya inspeksi itu diakui ke dalam jumlah                             replacement if the recognition criteria are                          tanah tersebut termasuk biaya pengurusan                           when the land was first acquired.
                 tercatat (carrying amount) aset tetap sebagai                         fulfilled. All other repair and maintenance                          legal hak atas tanah ketika tanah diperoleh
                 suatu penggantian jika memenuhi kriteria                              costs that do not have future economic benefit                       pertama kali.
                 pengakuan. Semua biaya pemeliharaan dan                               are recognised in the consolidated statement
                 perbaikan yang tidak memenuhi kriteria                                of profit or loss and other comprehensive                            Hak atas tanah dalam bentuk hak guna                               Land rights in the form of right to cultivate,
                 pengakuan diakui dalam laporan laba rugi                              incomes as incurred. Software is recognised                          usaha, hak guna bangunan dan hak pakai                             right to build and use rights are not amortised,
                 dan     penghasilan       komprehensif      lain                      as intangible assets.                                                tidak disusutkan, kecuali terdapat bukti yang                      unless there is evidence to indicate that the
                 konsolidasian      pada     saat    terjadinya.                                                                                            mengindikasikan bahwa perpanjangan atau                            extension or renewal of land rights is likely to
                 Perangkat lunak diakui sebagai aset                                                                                                        pembaruan hak atas tanah tersebut                                  or definitely not obtained.
                 takberwujud.                                                                                                                               kemungkinan besar atau pasti tidak
                                                                                                                                                            diperoleh.
                 Penyusutan dan amortisasi dihitung dengan                             Depreciation and amortization are calculated
                 menggunakan metode garis lurus selama                                 using the straight-line method over the                              PSAK No. 236 (Revisi 2014) tentang                                 SFAS No. 236 (Revised 2014) regarding
                 umur manfaat ekonomis aset tetap dan aset                             estimated useful life of fixed assets and                            “Penurunan Nilai Aset” mensyaratkan bahwa                          “Impairment of Assets” requires that the
                 takberwujud yang diestimasi. Estimasi umur                            intangible assets. The estimated useful life                         nilai tercatat aset tetap dikaji ulang setiap                      carrying amounts of fixed assets are reviewed
                 manfaat     ekonomis    dan     persentase                            and    percentage    of   depreciation  and                          tanggal       laporan     posisi     keuangan                      at each consolidated statement of financial
                 penyusutan dan amortisasi per tahun adalah                            amortization per annum are as follows:                               konsolidasian untuk menilai apakah aset                            position date to assess whether they are
                 sebagai berikut:
                                                                                                                                                            tetap tersebut nilai tercatatnya lebih tinggi                      recorded in excess of their recoverable
                                                                                                                                                            dari nilai terpulihkan (recoverable amounts)                       amounts of the fixed assets. If the carrying
                                                          Tahun/                Persentase/
                                                          Years                 Percentage                                                                  dari aset tetap tersebut. Jika nilai tercatat                      value exceeds this estimated recoverable
                                                                                                                                                            aset tetap melebihi taksiran nilai terpulihkan                     amount, assets are written down to their
                                                                                                                                                            dari aset tetap tersebut, nilai tercatat aset                      recoverable amounts of the fixed assets.
                 Bangunan                                           20                       5%                                Buildings                    tetap harus diturunkan menjadi nilai
                 Perlengkapan, peralatan                                                                   Furniture and fixtures, office                   terpulihkan dari aset tetap tersebut.
                   kantor, komputer dan                                                                    equipment, computer and
                   kendaraan bermotor                               4-5               20% - 25%                               vehicles                ii.   Aset dan liabilitas sewa                                     ii.   Leased assets and liabilities
                 Perangkat lunak                                      5                     20%                                Software
                                                                                                                                                            Grup telah menerapkan PSAK No. 116                                 The Group has implemented SFAS No. 116
                 Jumlah tercatat aset tetap dihentikan                                 Fixed assets are derecognised upon disposal                          “Sewa” sejak tanggal 1 Januari 2020.                               “Lease” since 1 January 2020.
                 pengakuannya pada saat dilepaskan atau                                or when no future economic benefits are
                 saat tidak ada manfaat ekonomis masa                                  expected from their use or disposal. Any gain                        PSAK No. 116 menerapkan persyaratan                                SFAS No. 116 applies new or amended
                 depan yang diharapkan dari penggunaan                                 or loss arising from the derecognition of the                        baru atau amendemen sehubungan dengan                              requirements with respect to lease accounting.
                 atau pelepasannya. Laba atau rugi yang                                fixed asset (calculated as the difference
                 timbul dari penghentian pengakuan aset                                between the net disposal proceeds and the                            akuntansi      sewa.      Standar        ini                       This standard introduces significant changes
                 tetap (dihitung sebagai perbedaan antara                              carrying amount of the fixed asset) is included                      memperkenalkan perubahan signifikan untuk                          to lessee accounting by eliminating the
                 jumlah neto hasil pelepasan dan jumlah                                in the consolidated statement of profit or loss                      akuntansi penyewa dengan menghapus                                 distinction between operating and financing
                 tercatat dari aset tetap) dimasukkan dalam                            and other comprehensive income in the year                           perbedaan antara sewa operasi dan                                  leases, and requires recognition of right-of-use
                 laporan    laba    rugi   dan   penghasilan                           which the fixed asset is derecognised.                               pembiayaan, serta mensyaratkan pengakuan                           assets and recognition of lease liabilities at
                 komprehensif lain konsolidasian pada tahun                                                                                                 aset hak guna dan pengakuan liabilitas sewa                        lease inception for all leases, except for short-
                 berjalan aset tetap tersebut dihentikan                                                                                                    pada saat dimulainya sewa untuk seluruh                            term leases and leases of low-value assets. In
                 pengakuannya.                                                                                                                              sewa, kecuali untuk sewa jangka pendek                             contrast    to    lessee     accounting,     the
                                                                                                                                                            dan sewa aset bernilai rendah. Berbeda                             requirements for lessor accounting are mostly
                 Pada setiap akhir tahun buku, nilai residu,                           The fixed asset’s residual values, useful life                       dengan akuntansi penyewa, persyaratan                              unchanged.
                 umur manfaat ekonomis dan metode                                      and methods of depreciation are reviewed,                            untuk akuntansi pesewa sebagian besar
                 penyusutan dikaji ulang dan jika tidak sesuai                         and adjusted prospectively if appropriate at                         tidak berubah.
                 dengan keadaan akan disesuaikan secara                                the end of each financial year.
                 prospektif.                                                                                                                                PSAK No. 116 menentukan apakah kontrak                             SFAS No. 116 determines whether a contract
                                                                                                                                                            merupakan, atau mengandung sewa atas                               is, or contains a lease on the basis that the
                 Aset tetap dalam pembangunan dinyatakan                               Construction in progress of fixed asset is                           dasar jika penyewa memiliki hak untuk                              lessee has the right to control the use of the
                 sebesar biaya perolehan dan disajikan                                 stated at cost and presented as part of fixed                        mengendalikan penggunaan aset selama                               asset for a specified period of time in
                 sebagai bagian dari aset tetap. Ketika aset                           assets. Accumulated costs are reclassified to                        suatu    jangka   waktu    tertentu untuk                          exchange for certain consideration.
                 dalam pembangunan telah selesai dan siap                              the appropriate fixed assets account when the                        dipertukarkan dengan imbalan.
                 digunakan, akumulasi biaya perolehan                                  assets are substantially complete and ready
                 direklasifikasikan ke akun aset tetap yang                            for their intended use.                                              Grup menggunakan tingkat diskonto tunggal                          The Group uses a single discount rate for
                 sebenarnya.                                                                                                                                untuk portofolio sewa dengan karakteristik                         lease portfolios with similar characteristics.
                                                                                                                                                            yang hampir sama.




                                                                          111                                                                                                                                      112
PT BANK MANDIRI (PERSERO) TBK                              1390                                                                                                                                              1391                                          ANNUAL REPORT 2024
Page 418
          FINANCIAL STATEMENTS 2024


                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                  PT BANK MANDIRI (PERSERO) Tbk.
                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                        DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED                      CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                           FINANCIAL STATEMENTS                    KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                           31 DECEMBER 2024 AND 2023                   31 DESEMBER 2024 DAN 2023                                                                         31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                  (Expressed in millions of Rupiah, unless otherwise stated)            (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                          2.    MATERIAL ACCOUNTING POLICY INFORMATION                               2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                        2.    MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                            (continued)
                                                                                                                                                     (lanjutan)                                                          (continued)
     r.    Aset tetap, aset dan liabilitas sewa dan aset                   r.   Fixed assets, leased assets and liabilities, and
           takberwujud (lanjutan)                                               intangible assets (continued)                                        r.   Aset tetap, aset dan liabilitas sewa dan aset                  r.   Fixed assets, leased assets and liabilities, and
                                                                                                                                                          takberwujud (lanjutan)                                              intangible assets (continued)
           ii.   Aset dan liabilitas sewa (lanjutan)                            ii.   Leased assets and liabilities (continued)
                 Grup menerapkan pendekatan pengakuan                                 The Group applies a single recognition and                          ii.   Aset dan liabilitas sewa (lanjutan)                           ii.   Leased assets and liabilities (continued)
                 dan pengukuran tunggal untuk seluruh sewa,                           measurement approach to all leases, except
                 kecuali untuk sewa jangka pendek dan sewa                            for short-term leases and low-value asset                                 Dalam menghitung nilai kini dari pembayaran                         In calculating the present value of lease
                 aset bernilai rendah. Grup mengakui liabilitas                       leases. The Group recognises a lease                                      sewa, Grup menggunakan suku bunga                                   payments, the Group uses the incremental
                 sewa untuk melakukan pembayaran sewa                                 liabilities to make lease payments and rights of
                 dan aset hak guna yang mewakili hak untuk                            use assets that represent the right to use the                            pinjaman inkremental penyewa pada tanggal                           loan interest rate of the lessee at the inception
                 menggunakan aset pendasar.                                           underlying asset.                                                         dimulainya sewa karena suku bunga implisit                          date of the lease because the interest rate
                                                                                                                                                                dalam sewa tidak dapat ditentukan. Setelah                          implicit in the lease cannot be determined.
                 Grup mengakui aset hak guna pada tanggal                             The Group recognised the rights of use assets                             tanggal dimulainya sewa, jumlah liabilitas                          After the inception date of the lease, the
                 dimulainya sewa. Aset hak guna diukur pada                           at the inception date of the lease. The rights of                         sewa ditingkatkan untuk mencerminkan                                amount of the lease liability is increased to
                 biaya perolehan, dikurangi akumulasi                                 use assets are measured at cost, less                                     pertambahan      bunga       dan   dikurangi                        reflect the increase in interest and less lease
                 penyusutan dan kerugian penurunan nilai,                             accumulated depreciation and impairment
                 dan disesuaikan untuk setiap pengukuran                              losses, and adjusted for any remeasurement                                pembayaran sewa yang dilakukan. Selain                              payments made. In addition, the carrying
                 kembali liabilitas sewa. Liabilitas sewa                             of the lease liabilities. Lease liabilities are the                       itu, jumlah tercatat liabilitas sewa diukur                         amount of the lease liability is remeasured if
                 merupakan jumlah pembayaran sewa yang                                amount of lease payments accrued until the                                kembali jika terdapat modifikasi, perubahan                         there are modifications, changes in the term of
                 masih harus dibayar hingga akhir masa                                end of the lease term, discounted using the                               jangka waktu sewa, perubahan pembayaran                             the lease, changes in lease payments, or
                 sewa      yang     didiskontokan    dengan                           incremental loan interest rate. The cost of right                         sewa, atau perubahan dalam penilaian opsi                           changes in the valuation of the option to
                 menggunakan       suku    bunga   pinjaman                           of use assets includes the amount of lease
                 inkremental. Biaya aset hak guna mencakup                            liability recognised, initial direct costs paid,                          untuk membeli aset pendasar.                                        purchase the underlying asset.
                 jumlah liabilitas sewa yang diakui, biaya                            recovery costs and lease payments made on
                 langsung awal yang dibayarkan, biaya                                 or before the start date of the lease less lease                          Sewa jangka pendek dengan durasi kurang                             Short-term leases with a duration of less than
                 pemulihan dan pembayaran sewa yang                                   incentives received. Rights of use assets are                             dari 12 bulan dan sewa aset bernilai rendah,                        12 months and leases of low value assets, as
                 dilakukan pada atau sebelum tanggal mulai                            depreciated using the straight-line method                                serta    elemen-elemen     sewa     tersebut,                       well as elements of such leases, partially or
                 sewa dikurangi insentif sewa yang diterima.                          over the shorter period between the lease
                 Aset hak guna disusutkan dengan metode                               term and the estimated useful life of the asset,                          sebagian atau seluruhnya tidak menerapkan                           wholly do not apply the recognition principles
                 garis lurus selama jangka waktu yang lebih                           as follows:                                                               prinsip-prinsip pengakuan yang ditentukan                           prescribed by SFAS No. 116. The Group will
                 pendek antara masa sewa dengan estimasi                                                                                                        oleh PSAK No. 116. Grup akan mengakui                               recognise the lease payment on a straight-line
                 masa manfaat aset, sebagai berikut:                                                                                                            pembayaran sewa tersebut dengan dasar                               basis over the lease term in the consolidated
                 -   Bangunan                                     : 20 tahun/years                                         Buildings        -                   garis lurus selama masa sewa dalam                                  statement of profit or loss and other
                                                                                                                                                                laporan     laba  rugi   dan     penghasilan                        comprehensive income. This expense is
                 -   Mesin kantor                                 : 5 tahun/years                                  Office machines          -                   komprehensif lain konsolidasian. Beban ini                          shown under general and administrative
                                                                                                                                                                ditunjukkan pada beban umum dan                                     expenses in the income statement.
                 -   Komputer perangkat keras                     : 5 tahun/years                              Computer hardware            -                   administrasi dalam laporan laba rugi.
                 -   Komputer perangkat lunak                     : 5 tahun/years                               Computer software           -
                 -   Inventaris kantor                            : 5 tahun/years                                Office equipment           -
                                                                                                                                                                Penerapan pencatatan PSAK No. 116                                   The implementation of SFAS No. 116 payment
                 -   Inventaris rumah dinas dan mess              : 5 tahun/years         Equipment of official houses and mess             -                   berlaku untuk seluruh sewa (kecuali                                 applies to all leases (except as stated earlier),
                 -   Kendaraan bermotor                           : 5 tahun/years                                  Motor vehicle            -                   sebagaimana yang disebutkan sebelumnya),                            as follows:
                                                                                                                                                                yaitu sebagai berikut:
                 Jika kepemilikan aset sewa dialihkan ke                              If the ownership of the leased asset is                                   (a) Menyajikan aset hak-guna sebagai                                (a) Present right of use assets as part of fixed
                 Grup pada akhir masa sewa atau                                       transferred to the Group at the end of the                                     bagian dari aset tetap dan liabilitas sewa                         assets and leased liabilities are presented
                 pembayaran       sewa        mencerminkan                            lease term or the lease payments reflect the                                   disajikan sebagai bagian dari liabilitas                           as part of other liabilities in the
                 pelaksanaan opsi pembelian, penyusutan                               exercise of the purchase option, depreciation                                  lain-lain dalam laporan posisi keuangan                            consolidated statement of financial
                 dihitung menggunakan estimasi masa                                   is calculated using the estimated useful life of                               konsolidasian, yang diukur pada nilai                              position, measured at the present value of
                 manfaat ekonomis aset. Aset hak guna diuji                           the asset. Rights of use assets are assessed
                 penurunan nilainya sesuai dengan PSAK                                for impairment in accordance with SFAS No.                                     kini dari pembayaran sewa masa depan;                              future lease payments;
                 No. 236 “Penurunan Nilai Aset”.                                      236 “Impairment of Assets”.                                               (b) Mencatat penyusutan aset hak-guna                               (b) Record the depreciation of right of use
                                                                                                                                                                     dan bunga atas liabilitas sewa dalam                               assets and the interest of lease liability in
                 Pada tanggal dimulainya sewa, Grup                                   At the inception date of the lease, the Group                                  laporan laba rugi dan penghasilan                                  the consolidated statement of profit or
                 mengakui liabilitas sewa yang diukur pada                            recognises lease liabilities which measured at                                 komprehensif lain konsolidasian; dan                               loss and other comprehensive income;
                 nilai kini dari pembayaran sewa masa depan                           the present value of future lease payments to
                 yang akan dilakukan selama masa sewa.                                be made over the lease term. Lease payments                                                                                                       and
                 Pembayaran sewa termasuk pembayaran                                  include fixed payments (including substantially                           (c) Memisahkan jumlah pembayaran ke                                 (c) Separating the total payment into principal
                 tetap (termasuk pembayaran tetap secara-                             fixed payments) less lease incentive                                          bagian pokok (disajikan dalam kegiatan                              (presented in financing activities) and
                 substansi) dikurangi piutang insentif sewa,                          receivables, variable lease payments that are                                 pendanaan) dan bunga (disajikan dalam                               interest (presented in operating activities)
                 pembayaran sewa variabel yang bergantung                             index or interest rate dependent, and the                                     kegiatan operasional) dalam laporan                                 in the consolidated statement of cash
                 pada indeks atau suku bunga, dan jumlah                              amount expected to be paid in a residual value
                 yang diharapkan akan dibayar dalam                                   guarantee. Lease payments also include the                                    arus kas konsolidasian.                                             flows.
                 jaminan nilai residu. Pembayaran sewa juga                           reasonable exercise price for the purchase
                 termasuk harga eksekusi opsi pembelian                               option if it is determined to be made by the                        iii. Aset takberwujud                                               iii. Intangible assets
                 yang wajar jika dipastikan akan dilakukan                            Group and the payment of a penalty to
                 oleh Grup dan pembayaran penalti untuk                               terminate the lease, if the lease term reflects                           Aset takberwujud terdiri dari perangkat lunak                       Intangible assets consist of software and
                 mengakhiri sewa, jika jangka waktu sewa                              the Group exercising the lease termination
                 mencerminkan Grup mengeksekusi opsi                                  option. Variable lease payments that are not                              dan goodwill.                                                       goodwill.
                 penghentian sewa. Pembayaran sewa                                    dependent on an index or interest rate are
                 variabel yang tidak bergantung pada indeks                           recognised as an expense in the period in
                 atau suku bunga diakui sebagai beban pada                            which the event or condition that triggers the
                 periode di mana peristiwa atau kondisi yang                          payment occurs.
                 memicu pembayaran terjadi.

                                                                          113                                                                                                                                           114
PT BANK MANDIRI (PERSERO) TBK                            1392                                                                                                                                                     1393                                        ANNUAL REPORT 2024
Page 419
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                     PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                           DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED               CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS             KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023            31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)     (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                     2.    MATERIAL ACCOUNTING POLICY INFORMATION                        2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                     2.    MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                       (continued)                                                        (lanjutan)                                                       (continued)
     r.    Aset tetap, aset dan liabilitas sewa dan aset              r.   Fixed assets, leased assets and liabilities, and
                                                                                                                                         t.   Cadangan kerugian penurunan nilai aset non-                 t.   Allowance for possible losses on non-earning
           takberwujud (lanjutan)                                          intangible assets (continued)
                                                                                                                                              produktif                                                        assets
           iii. Aset takberwujud (lanjutan)                                iii. Intangible assets (continued)
                                                                                                                                              Aset non-produktif adalah aset Bank Mandiri dan                  Non-earning assets of Bank Mandiri and the
               Perangkat lunak yang dibeli oleh Bank dan                       Software purchased by the Bank and                             Entitas Anak, antara lain dalam bentuk agunan                    Subsidiaries consist of repossessed assets,
               Entitas Anak dicatat sebesar biaya                              Subsidiaries is recorded at cost less                          yang diambil alih, properti terbengkalai, rekening               abandoned properties, inter-office accounts and
               perolehan dikurangi akumulasi amortisasi                        accumulated amortization and accumulated                       antar kantor dan suspense account.                               suspense accounts.
               dan akumulasi kerugian penurunan nilai.                         impairment losses. Amortization method,
               Metode amortisasi, estimasi masa manfaat                        estimated useful life and residual value are                   Grup membentuk cadangan kerugian penurunan                       The Group provides an allowance for impairment of
               dan nilai residual ditelaah pada setiap akhir                   reviewed at end of reporting period and                        nilai atas agunan yang diambil alih dan properti                 repossessed assets and abandoned property equal
               tahun pelaporan dan disesuaikan jika                            adjusted if necessary.
                                                                                                                                              terbengkalai sebesar selisih antara nilai tercatat               to the difference between the asset’s carrying
               diperlukan.
                                                                                                                                              dan nilai wajar setelah dikurangi biaya untuk                    amount and its fair value less costs to sell. As for
               Goodwill diakui apabila terdapat selisih lebih                  Goodwill is recognised when there is a                         menjual. Sedangkan untuk rekening antar kantor                   the inter-office account and suspense account, the
               antara harga perolehan dan bagian Bank                          positive difference between the acquisition                    dan suspense account, adalah sebesar selisih                     allowance is equivalent to difference between the
               Mandiri atas nilai wajar aset dan liabilitas                    cost and the Bank Mandiri’s portion of the fair                antara nilai tercatat dan nilai pemulihan.                       carrying value and the recovery value.
               yang dapat diidentifikasi pada tanggal                          value of identified assets and liabilities at the
               akuisisi dan disajikan sebagai aset lain-lain.                  acquisition date. Goodwill is presented as                u.   Tagihan dan liabilitas akseptasi                            u.   Acceptance receivables and payables
               Bank melakukan evaluasi penurunan                               other assets. The Bank conducts an
               nilainya secara berkala.                                        assessment of goodwill impairment regularly.                   Tagihan akseptasi diklasifikasikan sebagai aset                  Acceptance receivables are classified as financial
                                                                                                                                              keuangan dalam kelompok biaya perolehan                          assets at amortised cost. Refer to Note 2c for the
     s.    Penyertaan saham                                           s.   Investments in shares                                              diamortisasi. Lihat Catatan 2c untuk kebijakan                   accounting policy of financial assets for financial
                                                                                                                                              akuntansi atas aset keuangan dalam kelompok                      assets at amortised cost.
           Penyertaan saham terdiri dari investasi jangka                  Investments in shares represent long-term
                                                                                                                                              biaya perolehan diamortisasi.
           panjang terutama pada perusahaan non-publik                     investments     mostly   in  non-publicly-listed
           dan penyertaan sementara hasil restrukturisasi                  companies and temporary investments from loan
           kredit pada perusahaan debitur yang timbul                      restructuring in debtor companies arising from                     Liabilitas akseptasi diklasifikasikan sebagai                    Acceptance payables are classified as financial
           akibat konversi kredit yang diberikan.                          conversion of loans.                                               liabilitas keuangan yang diukur dengan biaya                     liabilities at amortised cost. Refer to Note 2c for the
                                                                                                                                              perolehan diamortisasi. Lihat Catatan 2c untuk                   accounting policy for financial liabilities at
           Penyertaan saham untuk tujuan investasi dengan                  Investments in shares under 20% and with no                        kebijakan akuntansi atas liabilitas keuangan yang                amortised cost.
           kepemilikan di bawah 20% dan tidak terdapat                     significant control are financial assets classified as             diukur dengan biaya perolehan diamortisasi.
           pengaruh signifikan merupakan aset keuangan                     fair value through profit/loss or amortised cost.
           yang diklasifikasikan sebagai nilai wajar melalui               Refer to Note 2c for the accounting policy for fair           v.   Aset lain-lain                                              v.   Other assets
           laba rugi atau biaya perolehan diamortisasi. Lihat              value through profit/loss or amortised cost.
           Catatan 2c untuk kebijakan akuntansi atas nilai                                                                                    Aset lain-lain antara lain terdiri dari pendapatan               Other assets include accrued income for interest,
           wajar melalui laba rugi dan biaya perolehan
                                                                                                                                              bunga dan provisi dan komisi yang masih akan                     provision     and      commissions,     receivables,
           diamortisasi.
                                                                                                                                              diterima, tagihan, agunan yang diambil alih,                     repossessed assets, abandonded properties, ijarah
           Penyertaan sementara akan dihapusbuku dari                      Temporary investment is written-off from the                       properti terbengkalai, piutang ijarah, rekening                  receivables, inter-office accounts and others.
           laporan posisi keuangan konsolidasian apabila                   consolidated statement of financial position if it has             antar kantor dan lain-lain.
           telah melampaui jangka waktu 5 tahun sesuai                     exceeded the 5 year period in accordance with
           dengan Peraturan Otoritas Jasa Keuangan                         Financial Services Authority Regulation (POJK)                     Tagihan terdiri dari tagihan atas obligasi                       Receivables     consist  of    receivables    from
           (POJK)     No.    40/POJK.03/2019     tanggal                   No. 40/POJK.03/2019 dated 19 December 2019                         pemerintah yang diagunkan Bank Mandiri,                          government bonds pledged by the Bank, mutual
           19 Desember 2019 tentang Penilaian Kualitas                     concerning Asset Quality Assessment of                             tagihan Entitas Anak atas tagihan reksa dana                     fund receivables from Subsidiaries and receivables
           Aset Bank Umum.                                                 Commercial Banks.                                                  dan tagihan kepada pemegang polis.                               from policyholders.
           Penyertaan saham untuk tujuan investasi dengan                  Investments in shares for investment purposes with                 Agunan yang diambil alih (“AYDA”) adalah aset                    Repossessed assets represent assets acquired by
           kepemilikan saham sebesar 20% atau lebih dan                    a share ownership of 20% or more and with
                                                                                                                                              yang diperoleh Bank Mandiri dan Entitas Anak,                    Bank Mandiri and its Subsidiaries, both from
           terdapat    pengaruh      signifikan merupakan                  significant influence are investments in associates.
                                                                                                                                              baik melalui pelelangan maupun di luar                           auction and non auction based on voluntary
           investasi pada entitas asosiasi. Investasi Bank                 Bank Mandiri’s investment in associates is
           Mandiri pada entitas asosiasi diukur dengan                     measured at equity method. The initial recognition                 pelelangan berdasarkan penyerahan secara                         transfer by the debtor or based on debtor’s
           menggunakan metode ekuitas. Pengakuan awal                      of investment in associates is recognised at cost of               sukarela oleh pemilik agunan atau berdasarkan                    approval to sell the collateral not through auction
           investasi pada entitas asosiasi diakui sebesar                  acquisition. The carrying amount of the investment                 kuasa untuk menjual di luar lelang dari pemilik                  when the debtor do not fulfill their obligations to
           biaya perolehan. Jumlah tercatat pada investasi                 in associates is adjusted to recognize Bank                        agunan dalam hal debitur tidak memenuhi                          Bank Mandiri and Subsidiaries. Repossessed
           pada entitas asosiasi ditambah atau dikurangkan                 Mandiri's share of profit or loss, receipt of                      liabilitasnya kepada Bank Mandiri dan Entitas                    assets represent loan collateral that were taken
           untuk mengakui bagian Bank Mandiri atas laba                    distributions, and changes directly recognise in the               Anak. AYDA merupakan agunan kredit yang                          over as part of loans settlement and presented in
           rugi, penerimaan distribusi, perubahan yang                     equity of the associates after the acquisition date.               diberikan yang telah diambil alih sebagai bagian                 “Other assets”.
           diakui langsung pada ekuitas entitas asosiasi                                                                                      dari penyelesaian kredit yang diberikan dan
           setelah tanggal perolehan.                                                                                                         disajikan pada “Aset lain-lain”.




                                                                     115                                                                                                                                 116
PT BANK MANDIRI (PERSERO) TBK                          1394                                                                                                                                        1395                                        ANNUAL REPORT 2024
Page 420
          FINANCIAL STATEMENTS 2024


                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                                    PT BANK MANDIRI (PERSERO) Tbk.
                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                          DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED                CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS              KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023             31 DESEMBER 2024 DAN 2023                                                                     31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)      (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)


2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                     2.    MATERIAL ACCOUNTING POLICY INFORMATION                         2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                    2.    MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                       (continued)                                                         (lanjutan)                                                      (continued)

     v.    Aset lain-lain (lanjutan)                                  v.   Other assets (continued)                                       x.   Simpanan nasabah                                           x.   Deposits from customers

           Aset yang tidak digunakan (properti terbengkalai)               Abandoned properties represent Bank and                             Simpanan      nasabah     adalah    dana     yang               Deposits from customers are the funds placed by
           adalah aset dalam bentuk properti yang dimiliki                 Subsidiaries’ fixed assets in the form of properties                ditempatkan oleh masyarakat (tidak termasuk                     customers (excluding banks) to the Bank and
                                                                                                                                               bank) kepada Bank dan Entitas Anak yang                         Subsidiaries which operate in banking industry
           Bank Mandiri dan Entitas Anak, dimana bagian                    which majority part of the property were not used
                                                                                                                                               bergerak di bidang perbankan berdasarkan                        based on a fund deposit agreement. Included in
           properti tersebut secara mayoritas tidak                        for Bank and Subsidiaries’ business operational
                                                                                                                                               perjanjian penyimpanan dana. Termasuk dalam                     this account are demand deposits, saving deposits,
           digunakan untuk kegiatan usaha operasional                      activity.                                                           pos ini adalah giro, tabungan, deposito berjangka               time deposits and other similar deposits.
           Bank Mandiri dan Entitas Anak.                                                                                                      dan bentuk simpanan lain yang dipersamakan
                                                                                                                                               dengan itu.
           AYDA dan properti terbengkalai disajikan                        Repossessed assets and abandoned properties
           sebesar nilai bersih yang dapat direalisasi (net                are presented at their net realizable values. Net                   Giro merupakan simpanan nasabah yang dapat                      Demand deposits represent deposits of customers
           realizable value). Nilai bersih yang dapat                      realizable value is the fair value of the repossessed               digunakan sebagai alat pembayaran, yang                         that may be used as instruments of payment, and
           direalisasi adalah nilai wajar agunan yang diambil              assets less estimated costs to sell the repossessed                 penarikannya dapat dilakukan setiap saat melalui                which may be withdrawn at any time by cheque,
           alih dikurangi dengan estimasi biaya untuk                      assets. Differences between the net realizable                      cek, kartu Anjungan Tunai Mandiri (“ATM”), atau                 Automated Teller Machine card (“ATM”) or by
           menjual AYDA tersebut. Selisih antara nilai                     value and the proceeds from disposal of the                         dengan cara pemindahbukuan dengan bilyet giro                   overbooking through written transfer instruction
           bersih yang dapat direalisasi dengan hasil                      repossessed assets are recognised as current                        atau sarana perintah pembayaran lainnya.                        (bilyet giro) or other orders of payment or transfers.
           penjualan AYDA diakui sebagai keuntungan atau                   year’s gain or loss at the year of disposal.
           kerugian pada periode berjalan pada saat dijual.                                                                                    Tabungan merupakan simpanan nasabah yang                        Saving deposits represent deposits of customers
                                                                                                                                               penarikannya hanya dapat dilakukan melalui                      that may only be withdrawn over the counter and
           Ijarah adalah akad pemindahan hak guna                          Ijarah is a contract involving the transfer of right of             counter    dan    ATM     atau    dengan cara                   via ATMs or funds transfers by SMS Banking,
           (manfaat) atas suat aset dalam waktu tertentu                   use (benefit) of an asset for a specific period which               pemindahbukuan melalui SMS Banking, Phone                       Phone Banking and Internet Banking when certain
           dengan pembayaran sewa (ujrah) tanpa diikuti                    the lessee pays rent (ujrah) without the transfer of                Banking dan Internet Banking jika memenuhi                      agreed conditions are met, but which may not be
           dengan pemindahan kepemilikan aset itu sendiri.                 ownership of the asset itself. Ijarah muntahiyah                    persyaratan yang disepakati, tetapi penarikan                   withdrawn by cheque or other equivalent
           Ijarah muntahiyah bittamlik adalah penyediaan                   bittamlik is the provision of funds to transfer the                 tidak dapat dilaksanakan dengan menggunakan                     instruments.
                                                                                                                                               cek atau instrumen setara lainnya.
           dana dalam rangka memindahkan hak guna atau                     right of use or benefit of goods or services based
           manfaat dari suatu barang atau jasa berdasarkan                 on a lease transaction with an option to transfer
                                                                                                                                               Deposito berjangka merupakan simpanan                           Time deposits represent customers deposits that
           transaksi sewa dengan opsi pemindahan                           ownership of the goods to the lessee. The transfer                  nasabah yang penarikannya hanya dapat                           may only be withdrawn after a certain time based
           kepemilikan      barang      kepada     penyewa.                of ownership of the leased object to the lessee in                  dilakukan pada waktu tertentu sesuai dengan                     on the agreement between the customer and the
           Perpindahan hak milik objek sewa kepada                         ijarah muntahiyah bittamlik can be executed as a                    perjanjian antara nasabah dengan Bank.                          Bank. Time deposits are stated at amortised cost
           penyewa dalam ijarah muntahiyah bittamlik dapat                 grant. Ijarah revenue receivables are recognised at                 Deposito berjangka dinyatakan sebesar nilai                     in the certificates between the Bank and the
           dilakukan dengan hibah. Piutang pendapatan                      the due date which equal to the outstanding rent                    perolehan diamortisasi sesuai dengan perjanjian                 holders of time deposits.
           ijarah diakui pada saat jatuh tempo sebesar sewa                amount and presented at the net realisable value,                   antara pemegang deposito berjangka dengan
           yang belum diterima dan disajikan sebesar nilai                 which is the outstanding balance of the                             Bank.
           bersih yang dapat direalisasikan, yakni sebesar                 receivables.
           saldo piutang.                                                                                                                      Termasuk di dalam giro adalah giro dan                          Included in demand deposits are wadiah demand
                                                                                                                                               tabungan wadiah. Giro wadiah dapat digunakan                    deposits and wadiah saving deposits. Wadiah
           Beban-beban       yang      berkaitan     dengan                Expenses for maintaining repossessed assets and                     sebagai instrumen pembayaran dan dapat ditarik                  demand deposits can be used as payment
           pemeliharaan AYDA dan properti terbengkalai                     abandoned properties are recognised in the                          setiap saat melalui cek dan bilyet giro. Giro                   instruments and can be withdrawn at any time
           dibebankan ke laporan laba rugi dan penghasilan                 current year’s consolidated statement of profit or                  wadiah serta tabungan wadiah mendapatkan                        using cheque and written transfer instruction (bilyet
           komprehensif lain konsolidasian periode berjalan                loss and other comprehensive income as incurred.                    bonus sesuai dengan kebijakan Entitas Anak.                     giro). Wadiah demand deposits and wadiah saving
           pada saat terjadinya. Bila terjadi penurunan nilai              Any permanent impairment loss that occurred will                    Simpanan nasabah dalam bentuk giro wadiah                       deposits earn bonus based on Subsidiary’s policy.
           yang bersifat permanen, maka nilai tercatatnya                  be deducted from the carrying amount and be                         dan tabungan wadiah dinyatakan sebesar                          Wadiah demand deposits and wadiah saving
           dikurangi untuk mengakui penurunan tersebut                     charged to the current year’s consolidated                          liabilitas Entitas Anak.                                        deposits are stated at the Subsidiary’s liability
           dan kerugiannya dibebankan pada laporan laba                    statement of profit or loss and other                                                                                               amount.
           rugi dan penghasilan komprehensif lain                          comprehensive income. Refer to Note 2t for
                                                                                                                                               Simpanan nasabah diklasifikasikan sebagai                       Deposits from customers are classified as financial
           konsolidasian tahun berjalan. Lihat Catatan 2t                  changes in accounting policy to determine
                                                                                                                                               liabilitas keuangan yang diukur dengan biaya                    liabilities at amortised cost. Incremental costs
           untuk kebijakan akuntansi atas penyisihan                       impairment losses on repossessed assets and                         perolehan diamortisasi. Biaya tambahan yang                     directly attributable to acquistion of deposits from
           kerugian AYDA dan properti terbengkalai.                        abandoned properties.                                               dapat diatribusikan secara langsung dengan                      customers are included in the amount of deposits
                                                                                                                                               perolehan simpanan nasabah diperhitungkan                       and amortised over the expected life of the
     w. Liabilitas segera                                             w. Obligations due immediately                                           dalam jumlah simpanan yang diterima dan                         deposits. Refer to Note 2c for the accounting policy
                                                                                                                                               diamortisasi sepanjang estimasi umur simpanan                   for financial liabilities at amortised cost.
           Liabilitas segera dicatat pada saat timbulnya                   Obligations due immediately are recorded at the                     tersebut. Lihat Catatan 2c untuk kebijakan
           liabilitas, baik kepada masyarakat maupun                       time the obligations occurred to customers or other                 akuntansi atas liabilitas keuangan yang diukur
           kepada       bank    lain.     Liabilitas  segera               banks. Obligations due immediately are classified                   dengan biaya perolehan diamortisasi.
           diklasifikasikan sebagai liabilitas keuangan yang               as financial liabilities at amortised cost.
           diukur dengan biaya perolehan diamortisasi.




                                                                     117                                                                                                                                 118
PT BANK MANDIRI (PERSERO) TBK                          1396                                                                                                                                        1397                                       ANNUAL REPORT 2024
Page 421
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                    PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                          DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED               CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS             KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023            31 DESEMBER 2024 DAN 2023                                                                     31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)     (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)


2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                     2.    MATERIAL ACCOUNTING POLICY INFORMATION                        2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                    2.    MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                       (continued)                                                        (lanjutan)                                                      (continued)

     y.    Simpanan dari bank lain                                    y.   Deposits from other banks                                     z.   Kontrak asuransi (lanjutan)                                z.   Insurance contract (continued)

           Simpanan dari bank lain terdiri dari liabilitas                 Deposits from other banks represent liabilities to                 Entitas Anak menerbitkan kontrak asuransi untuk                 The Subsidiaries issue insurance contracts for
           terhadap bank lain, baik lokal maupun luar                      local or overseas banks, in the form of demand                     produk asuransi tradisional dan produk asuransi                 traditional insurance product and investment-linked
           negeri, dalam bentuk giro, tabungan, inter-bank                 deposits, saving deposits, interbank call money                    yang dikaitkan dengan investasi. Kedua jenis                    insurance product. Both of these products have
           call money dengan periode jatuh tempo menurut                   with original maturities of 90 days or less based on               produk ini mempunyai risiko asuransi yang                       significant insurance risk.
           perjanjian kurang dari atau 90 hari, deposito                   agreement, time deposits and negotiable certificate                signifikan.
           berjangka dan negotiable certificates of deposits.              of deposits. Deposits from other banks are
           Simpanan dari bank lain dicatat sebagai liabilitas              recorded as liability to other banks.                              Produk-produk dari Entitas Anak dibagi                          The Subsidiaries’ products are divided into the
           terhadap bank lain.                                                                                                                berdasarkan kategori sebagai berikut:                           following main categories:
                                                                                                                                              • Asuransi jiwa tradisional non-participating,                  • Traditional non-participating life insurance,
           Di dalam simpanan dari bank lain termasuk                       Included in the deposits from other banks are                          memberikan perlindungan untuk menutupi                           provide protection to cover the risk of death,
           simpanan syariah dalam bentuk giro wadiah.                      sharia deposits in a form of wadiah demand                             risiko kematian, kecelakaan, penyakit kritis                     accident, critical illness, and health of the
                                                                           deposits.                                                              dan kesehatan dari pemegang polis. Jumlah                        insured. The basic of sum insured will be paid
                                                                                                                                                  uang pertanggungan akan dibayarkan pada                          upon the occurrence of the risks covered.
           Simpanan dari bank lain diklasifikasikan sebagai                Deposits from other banks are classified as
                                                                                                                                                  saat terjadinya risiko yang ditanggung.
           liabilitas keuangan yang diukur dengan biaya                    financial liabilities at amortised cost. Incremental
                                                                                                                                              • Unit-link,      produk      asuransi    dengan                •   Unit-link, insurance product with single or
           perolehan diamortisasi. Biaya tambahan yang                     costs directly attributable to acquisition of deposits
                                                                                                                                                  pembayaran premi tunggal maupun reguler                         regular premium payment which is linked to
           dapat diatribusikan secara langsung dengan                      from other banks are included in the amount of
                                                                                                                                                  yang dikaitkan dengan investasi yang                            investment products, which provides a
           perolehan simpanan diperhitungkan dalam                         deposits and amortised over the expected life of
                                                                                                                                                  memberikan kombinasi manfaat proteksi dan                       combined      benefit  of   protection  and
           jumlah simpanan yang diterima dan diamortisasi                  the deposits. Refer to Note 2c for the accounting
           sepanjang estimasi umur simpanan tersebut.                      policy for financial liabilities at amortised cost.                    manfaat investasi.                                              investment.
           Lihat Catatan 2c untuk kebijakan akuntansi atas
           liabilitas keuangan yang diukur dengan biaya                                                                                       Ketika sebuah kontrak telah diklasifikasi sebagai               Once a contract has been classified as an
           perolehan diamortisasi.                                                                                                            kontrak asuransi, reklasifikasi terhadap kontrak                insurance contract, no reclassification could be
                                                                                                                                              tersebut tidak dapat dilakukan kecuali ketentuan                performed subsequently unless the terms of the
     z.    Kontrak asuransi                                           z.   Insurance contract                                                 perjanjian kemudian diamendemen. Seluruh                        agreement are later amended. All insurance
                                                                                                                                              produk asuransi yang diterbitkan oleh Entitas                   products issued by the Subsidiaries have
           Kontrak asuransi adalah kontrak yang diterbitkan                Insurance contract is a contract issued by                         Anak mempunyai risiko asuransi yang signifikan.                 significant insurance risk.
           oleh perusahaan asuransi dimana perusahaan                      insurance companies which the insurer accepts
           asuransi menerima risiko asuransi yang                          significant insurance risk from the policyholders.                 Entitas Anak memisahkan komponen deposit dari                   The Subsidiaries separate the deposit component
           signifikan dari pemegang polis. Risiko asuransi                 Significant insurance risk is defined as the                       kontrak unit-link seperti yang disyaratkan oleh                 from unit-link contract as required by SFAS
           yang      signifikan    didefinisikan     sebagai               possibility of paying significantly more benefit to                PSAK No. 104 jika kondisi-kondisi di bawah ini                  No. 104 when both the following conditions are
           kemungkinan membayar manfaat yang signifikan                    the policyholder upon the occurrence of insured                    terpenuhi:                                                      met:
           kepada tertanggung apabila suatu kejadian yang                  event compared to the minimum benefit payable in                   -    Entitas Anak dapat mengukur komponen                       -    The Subsidiaries can measure separately the
           diasuransikan terjadi dibandingkan dengan                       a scenario where the insured event does not occur.                      “deposit” secara terpisah (termasuk opsi                        “deposit” component (including any embedded
           manfaat minimum yang akan dibayarkan apabila                    Scenarios that are considered are those with                            penyerahan      melekat,    yaitu    tanpa                      submission option, i.e. without taking into
           risiko yang diasuransikan tidak terjadi. Skenario-              commercial substance.                                                   memperhitungkan komponen “asuransi”);                           account the “insurance” component);
           skenario yang diperhatikan adalah skenario yang                                                                                    -    Kebijakan akuntansi Entitas Anak tidak                     -    The Subsidiaries’ accounting policies do not
           mengandung unsur komersial.                                                                                                             mensyaratkan untuk mengakui semua hak                           require to recognise all rights and obligations
                                                                                                                                                   dan liabilitas yang timbul dari komponen                        arising from the “deposit” component.
           Entitas Anak menerbitkan kontrak asuransi yang                  The Subsidiaries issue insurance contracts that                         “deposit”.
           menerima risiko asuransi yang signifikan dari                   accepted significant insurance risk from the
           pemegang polis. Entitas Anak mendefinisikan                     policyholders. The Subsidiaries define significant                 Entitas Anak tidak memisahkan komponen                          The Subsidiaries do not separate the deposit
           risiko   asuransi    yang   signifikan   sebagai                insurance risk as the possibility of having to pay                 deposit dikarenakan hanya salah satu kondisi di                 component because only one of the above
           kemungkinan membayar manfaat pada saat                          benefits on the occurrence of an insured event of                  atas yang terpenuhi.                                            conditions is met.
           terjadinya suatu kejadian yang diasuransikan,                   at least 10% more than the benefits payable if the
           yang setidaknya 10% lebih besar dari manfaat                    insured event did not occur. When an insurance                     Pengujian kecukupan liabilitas                                  Liability adequacy test
           yang dibayarkan jika kejadian yang diasuransikan                contract does not have significant insurance risk, it
           tidak terjadi. Jika suatu kontrak asuransi tidak                is classified as investment contract.                              Pengujian kecukupan liabilitas dilakukan pada                   Liability adequacy testing is performed at reporting
           mengandung risiko asuransi yang signifikan,                                                                                        tanggal pelaporan untuk kontrak secara individual               date for contract individually or group of products
           maka kontrak tersebut diklasifikasikan sebagai                                                                                     ataupun per kelompok produk, ditentukan sesuai                  determined in accordance with the Subsidiaries’
           kontrak investasi.                                                                                                                 dengan cara Entitas Anak memperoleh,                            method of acquiring, servicing and measuring the
                                                                                                                                              memelihara dan mengukur profitabilitas dari                     profitability of its insurance contracts.
                                                                                                                                              kontrak asuransi tersebut.




                                                                     119                                                                                                                                120
PT BANK MANDIRI (PERSERO) TBK                          1398                                                                                                                                       1399                                      ANNUAL REPORT 2024
Page 422
          FINANCIAL STATEMENTS 2024


                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                                         PT BANK MANDIRI (PERSERO) Tbk.
                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                               DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED                  CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                        FINANCIAL STATEMENTS                KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                        31 DECEMBER 2024 AND 2023               31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)        (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                       2.    MATERIAL ACCOUNTING POLICY INFORMATION                           2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                     2.    MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                         (continued)                                                           (lanjutan)                                                       (continued)

     z.    Kontrak asuransi (lanjutan)                                  z.   Insurance contract (continued)                                   z.   Kontrak asuransi (lanjutan)                                 z.   Insurance contract (continued)

           Pengujian kecukupan liabilitas (lanjutan)                         Liability adequacy test (continued)                                   Liabilitas manfaat polis masa depan                              Liability for future policy benefits
           Untuk asuransi jiwa, liabilitas kepada pemegang                   For life insurance, the liabilities to policyholder in                Liabilitas manfaat polis masa depan merupakan                    The liabilities for future policy benefits represent
           polis khususnya liabilitas untuk klaim masa                       particular the liabilities for future claim are tested to             nilai sekarang estimasi manfaat polis masa                       the present value of estimated future policy
           depan diuji untuk menentukan apakah liabilitas                    determine whether the liabilities sufficient to cover                 depan yang akan dibayarkan kepada pemegang                       benefits to be paid to policyholders or their heirs
           tersebut cukup untuk menutupi semua arus kas                      all related future cash out flow including all                        polis atau ahli warisnya dikurangi dengan nilai                  less present value of estimated future premiums to
           keluar di masa depan termasuk semua manfaat                       guaranteed benefit and guaranteed additional                          sekarang dari estimasi premi masa depan yang                     be received from the policyholders and recognised
           yang dijamin dan manfaat tambahan yang                            benefit, non-guaranteed participation benefit                         akan diterima dari pemegang polis dan diakui                     consistently with the recognition of premium
           dijamin, manfaat partisipasi yang tidak dijamin                   feature (if any), all expenses for policies issuance                  pada saat pengakuan pendapatan premi.                            income. The liabilities for future policy benefits are
           (jika ada), semua biaya untuk penerbitan polis                    and maintenance, as well as reflecting the future                     Liabilitas manfaat polis masa depan ditentukan                   determined and computed based on certain
           dan pemeliharaan polis, serta mencerminkan                        cash inflow, i.e. future premium receipt. The
           arus kas masuk masa depan yaitu penerimaan                        liabilities are calculated based on discounted cash                   dan dihitung dengan menggunakan rumus                            formula by the Subsidiaries’ actuary.
           premi masa depan, yaitu premi yang diterima di                    flow basis for all related cash flows i.e. both of                    tertentu oleh aktuaris Entitas Anak.
           masa depan. Liabilitas dihitung berdasarkan                       cash outflows and cash inflows as mentioned
           diskonto dari arus kas untuk semua arus kas                       above using a set of most recent best estimate                        Entitas Anak menghitung liabilitas manfaat polis                 The Subsidiaries calculate the liability for future
           yang terkait yaitu arus kas keluar dan arus kas                   assumptions set by the Subsidiaries’ appointed                        masa depan dengan menggunakan metode                             policy benefits using Gross Premium Reserve
           masuk seperti yang disebutkan di atas dengan                      actuary, includes mortality, morbidity, lapses,                       Gross Premium Reserve yang mencerminkan                          method that reflect the present value of estimated
           menggunakan seperangkat asumsi estimasi                           expenses, inflation rates, and interest rate,                         nilai kini estimasi pembayaran seluruh manfaat                   payments of all the guaranteed benefits including
           terbaik terkini yang ditetapkan oleh aktuaris                     assumptions as well as margin for adverse                             yang diperjanjikan termasuk seluruh opsi yang                    all the embedded options available, the present
           Entitas Anak, termasuk asumsi tingkat mortalita,                  deviation assumptions. Subsidiaries operate in life                   disediakan, nilai kini estimasi seluruh biaya yang               value estimated of all handling costs incurred and
           morbidita, tingkat pembatalan polis, biaya, tingkat               insurance use Gross Premium Reserve in the                            dikeluarkan     dan     juga   mempertimbangkan                  also considering the future premium receipt.
           inflasi dan tingkat suku bunga, serta asumsi                      premium allowance calculation for future policy                       penerimaan premi di masa depan.
           marjin atas risiko pemburukan. Entitas Anak yang                  benefits to the policyholders using actuary
           bergerak      dalam     bidang     asuransi     jiwa              assumptions with best estimate and margin for                         Kenaikan/(penurunan) liabilitas manfaat polis                    Increase/(decrease) in liabilities for future policy
           menerapkan metode Gross Premium Reserve                           adverse deviation, therefore liability adequacy test                  masa depan diakui dalam laporan laba rugi dan                    benefits are recognised in the current year’s
           dalam perhitungan cadangan premi atas manfaat                     is not required.                                                      penghasilan komprehensif lain konsolidasian                      consolidated statement of profit or loss and other
           polis masa depan kepada pemegang polis                                                                                                  tahun berjalan.                                                  comprehensive income.
           dengan       menggunakan        asumsi      aktuaria
           berdasarkan asumsi estimasi terbaik dan marjin                                                                                          Liabilitas kepada pemegang polis unit-link diakui                The liability to unit-link policyholders are
           atas risiko pemburukan, sehingga pengujian                                                                                              pada saat penerimaan dana dikonversi menjadi                     recognised at the time the funds received are
           kecukupan liabilitas tidak diperlukan lagi.                                                                                             unit setelah dikurangi biaya-biaya dan akan                      converted into units, net of related expenses and
                                                                                                                                                   bertambah atau berkurang sesuai dengan nilai                     will increase or decrease in accordance with
           Reasuransi                                                        Reinsurance
                                                                                                                                                   aset bersih efektif yang berlaku.                                effective net asset value.
           Entitas Anak mereasuransikan sebagian porsi                       The Subsidiaries reinsure a portion of its risk to
           risikonya kepada perusahaan reasuradur. Jumlah                    reinsurance companies. The amount of premium                          Penerimaan dana dari nasabah untuk produk                        Funds received from customers for non-sharia unit-
           premi yang dibayar atau porsi premi atas                          paid or portion of premium from prospective                           unit-link non-syariah diakui sebagai pendapatan                  link products are recognised as gross premium
           transaksi reasuransi prospektif diakui selama                     reinsurance transactions is recognised over the                       premi bruto dalam laporan laba rugi dan                          income in the consolidated statement of profit or
           periode kontrak asuransi sesuai dengan proporsi                   reinsurance contract in proportion with the                           penghasilan komprehensif lain konsolidasian.                     loss and other comprehensive income. Liabilities to
           jumlah proteksi reasuransi yang diterima.                         protection received.                                                  Liabilitas kepada pemegang polis unit-link diakui                unit-link policyholders are recognised in the
                                                                                                                                                   di laporan posisi keuangan konsolidasian dan                     consolidated statement of financial position and
           Aset reasuransi termasuk saldo yang diharapkan                    Reinsurance assets include balances expected to                       dihitung menggunakan metode cadangan atas                        computed based on unearned premium reserves
           dibayarkan oleh perusahaan reasuransi untuk                       be recovered from reinsurance companies for                           premi yang belum merupakan pendapatan yang                       using daily method from insurance cost of mortality
           ceded liabilitas manfaat polis masa depan, ceded                  ceded liability for future policy benefits, ceded                     dihitung dengan menggunakan metode harian                        risk plus reserves for the accumulated invested
           estimasi liabilitas klaim dan ceded cadangan atas                 estimated claim liabilities and ceded unearned                        berdasarkan biaya asuransi atas risiko mortalitas,               fund of unit-link policyholders.
           premi yang belum merupakan pendapatan.                            premiums allowance. Recovery amount from                              ditambah cadangan atas akumulasi dana
           Jumlah      manfaat      yang   ditanggung   oleh                 reinsurers are estimated in a consistent manner                       investasi pemegang polis.
           reasuradur diperkirakan secara konsisten sesuai                   with the liability associated with the reinsurance
           dengan liabilitas yang terkait dengan polis                       policy.                                                               Setiap bunga, keuntungan atau kerugian dari                      Any interest, gain or loss due to increases or
           reasuransi.                                                                                                                             kenaikan atau penurunan nilai pasar investasi                    decreases in market value of investments are
                                                                                                                                                   dicatat sebagai pendapatan atau beban, disertai                  recorded as income or expense, with a
           Entitas Anak menyajikan aset reasuransi secara                    Subsidiaries present separately reinsurance asset                     dengan pengakuan kenaikan atau penurunan                         corresponding recognition of increase or decrease
           terpisah sebagai aset atas liabilitas manfaat polis               of future policy benefit liabilities, unearned                        liabilitas kepada pemegang polis unit-link di                    in liability to unit-link policyholders in the statement
           masa depan, cadangan atas premi yang belum                        premium allowance, and estimated claim liabilities.                   laporan laba rugi dan penghasilan komprehensif                   of profit or loss and other comprehensive income
           merupakan pendapatan dan estimasi liabilitas
           klaim.                                                                                                                                  lain konsolidasian dan liabilitas kepada                         and liability to unit-link policyholders in the
                                                                                                                                                   pemegang polis unit-link di laporan posisi                       consolidated statement of financial position.
           Jika aset reasuransi mengalami penurunan nilai,                   If a reinsurance asset is impaired, the Subsidiaries                  keuangan konsolidasian.
           Entitas Anak mengurangi nilai tercatat dan                        deducted the carrying amount accordingly and
           mengakui kerugian penurunan nilai tersebut                        recognise that impairment loss in the consolidated                    Penerimaan dana dari nasabah untuk produk                        Funds received from customers for sharia unit-link
           dalam laporan laba rugi dan penghasilan                           statement of profit or loss and other                                 unit-link syariah diakui sebagai liabilitas kepada               products are recognised as liabilities to unit-link
           komprehensif lain konsolidasian. Aset reasuransi                  comprehensive income. A reinsurance asset is                          pemegang polis unit-link di laporan posisi                       policyholders in the consolidated statement of
           mengalami penurunan nilai jika ada bukti objektif,                impaired if there is objective evidence, as a result                  keuangan konsolidasian sebesar jumlah yang                       financial position for the amount received net of the
           sebagai akibat dari suatu peristiwa yang terjadi                  of an event that occurred after initial recognition of                diterima setelah dikurangi bagian fee untuk                      portion representing the Subsidiaries fees in
           setelah pengakuan awal aset reasuransi, bahwa                     the reinsurance asset, that the Subsidiary may not                    Entitas    Anak     dalam    rangka      mengelola               managing the unit-link product income.
           Entitas Anak tidak dapat menerima seluruh                         receive all amounts due to it is below the                            pendapatan dari produk unit-link.
           jumlah karena di bawah syarat-syarat kontrak                      requirement of the contract, and the impact on the
           dan dampak pada jumlah yang akan diterima dari                    amounts that the Subsidiary will receive from the
           reasuradur dapat diukur secara andal.                             reinsurer can be reliably measured.



                                                                       121                                                                                                                                    122
PT BANK MANDIRI (PERSERO) TBK                            1400                                                                                                                                           1401                                         ANNUAL REPORT 2024
Page 423
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                      PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                            DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED                CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS              KONSOLIDASIAN                                                                                        FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023             31 DESEMBER 2024 DAN 2023                                                                        31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)      (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                     2.    MATERIAL ACCOUNTING POLICY INFORMATION                         2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                       2.    MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                       (continued)                                                         (lanjutan)                                                         (continued)

     z.    Kontrak asuransi (lanjutan)                                z.   Insurance contract (continued)                                 ab. Pinjaman yang diterima (lanjutan)                              ab. Fund borrowings (continued)

           Risiko yang belum jatuh tempo                                   Unexpired risk reserve                                             Fasilitas pengelolaan likuiditas berdasarkan                        The sharia liquidity management facility of Bank
                                                                                                                                              prinsip syariah Bank Indonesia (PASBI) yang                         Indonesia (PASBI) received by Sharia Subsidiaries
           Liabilitas untuk manfaat kontraktual yang                       A liability for contractual benefits that are expected             diterima      oleh     Entitas    Anak    Syariah                   is classified as “Fund Borrowings”. Bank Indonesia
           diharapkan akan timbul di masa depan dicatat                    to be incurred in the future is recorded when the
                                                                                                                                              diklasifikasikan dalam akun “Pinjaman yang                          and the Subsidiary mutually agree to enter into a
           pada saat premi diakui. Liabilitas ditetapkan                   premiums are recognised. The liability is
                                                                                                                                              Diterima”. Bank Indonesia dan Entitas Anak                          wakalah      bil   ististmar contract     for    fund
           sebagai penjumlahan atas nilai diskonto yang                    determined as the sum of the expected discounted
           diharapkan dari pembayaran manfaat dan biaya                    value of the benefit payments and the future                       sepakat melakukan akad wakalah bil ististmar                        management, guaranteed by sharia securities. The
           administrasi masa depan yang berkaitan                          administration expenses that are directly related to               untuk pengelolaan dana dengan agunan berupa                         funds received are recognised as liabilities to Bank
           langsung dengan kontrak asuransi, dikurangi                     the insurance contract, less the expected                          surat berharga syariah. Dana yang diterima                          Indonesia.
           dengan nilai diskonto yang diharapkan atas premi                discounted value of the theoretical premiums that                  diakui sebagai liabilitas kepada Bank Indonesia.
           teoritis yang dibutuhkan untuk memenuhi                         would be required to meet the benefits and
           manfaat dan biaya administrasi berdasarkan                      administration expenses based on the valuation                     Bank melakukan pengelolaan dana untuk                               The Bank undertakes fund management for whole
           asumsi penilaian yang digunakan (penilaian                      assumptions used (the premiums valuation). That                    kegiatan investasi usaha secara keseluruhan                         business investment activities (mutlaqah). The
           premi). Liabilitas tersebut didasarkan pada                     liability is based on assumptions such as mortality,               (mutlaqah). Pengembalian dana kelolaan dan                          return of managed funds and the distribution of
           asumsi-asumsi seperti kematian, persistensi,                    persistency, maintenance expense and investment                    pembayaran     hasil   pengelolaan (istitsmar)                      investments return (istitsmar) occur upon maturity.
           biaya pemeliharaan dan pendapatan investasi                     income that are established at the time the contract               dilakukan pada saat pelunasan.
           yang ditetapkan pada saat kontrak asuransi                      is issued. A margin for adverse deviation is
           dikeluarkan. Sebuah marjin untuk penyimpangan                   included in the used assumptions.                              ac. Pinjaman dan efek-efek subordinasi                             ac. Subordinated loans and marketable securities
           yang merugikan termasuk dalam asumsi yang
           digunakan.                                                                                                                         Pinjaman dan efek-efek subordinasi pada                             Subordinated loans and marketable securities are
                                                                                                                                              pengukuran awal disajikan sebesar nilai                             initially measured at fair value less directly
     aa. Efek-efek yang diterbitkan                                   aa. Debt securities issued                                              wajar dikurangi dengan biaya transaksi yang                         attributable transaction costs. Subsequently,
                                                                                                                                              dapat     diatribusikan    langsung    dengan                       transactions costs are amortised using the
           Efek-efek yang diterbitkan oleh Bank Mandiri dan                Debt securities issued by the Bank and its
                                                                                                                                              perolehan/penerbitan pinjaman dan efek-efek                         effective interest rate up to the maturity of
           Entitas Anak, termasuk obligasi, subordinasi                    Subsidiaries, including bonds, subordinated notes,
                                                                                                                                              subordinasi.     Biaya   transaksi  kemudian                        subordinated loans and marketable securities.
           notes, medium term notes, traveller’s cheques                   medium term notes, travelers’ cheques and
                                                                                                                                              diamortisasi dengan suku bunga efektif sampai
           dan Sertifikat Investasi Mudharabah Antarbank                   Interbank Mudharabah Investment Certificate
           (SIMA) pada pengukuran awal disajikan sebesar                   (SIMA), are initially measured at fair value plus                  dengan jatuh tempo dari pinjaman dan efek-efek
           nilai wajar ditambah dengan biaya transaksi yang                directly attributable transaction costs to the debt                subordinasi.
           dapat       diatribusikan    langsung    dengan                 securities issued. Subsequently, transactions cost
           perolehan/penerbitan efek-efek yang diterbitkan.                are amortised using effective interest rate up to the              Pinjaman        dan      efek-efek      subordinasi                 Subordinated loans and marketable securities are
           Biaya transaksi kemudian diamortisasi dengan                    maturity of debt securities issued.                                diklasifikasikan sebagai liabilitas keuangan yang                   classified as financial liabilities at amortised cost.
           suku bunga efektif sampai dengan jatuh tempo                                                                                       diukur     dengan    biaya       perolehan    yang                  Refer to Note 2c for the accounting policy for
           dari efek-efek yang diterbitkan.                                                                                                   diamortisasi. Lihat Catatan 2c untuk kebijakan                      financial liabilities at amortised cost.
                                                                                                                                              akuntansi untuk liabilitas keuangan yang diukur
           Efek-efek yang diterbitkan diklasifikasikan                     Debt securities issued are classified as financial                 dengan biaya perolehan yang diamortisasi.
           sebagai liabilitas keuangan yang diukur dengan                  liabilities at amortised cost. Refer to Note 2c for the
           biaya perolehan diamortisasi. Lihat Catatan 2c                  accounting policy for financial liabilities at                 ad. Perpajakan                                                     ad. Income tax
           untuk kebijakan akuntansi atas liabilitas                       amortised cost.
           keuangan yang diukur dengan biaya perolehan                                                                                        Bank Mandiri dan Entitas Anak menerapkan                            Bank Mandiri and Subsidiaries apply SFAS
           diamortisasi.                                                                                                                      PSAK No. 212 (Revisi 2014) tentang “Pajak                           No. 212 (Revised 2014) regarding “Income Tax”
                                                                                                                                              Penghasilan”, yang mengharuskan Bank Mandiri                        which requires Bank Mandiri and Subsidiaries to
     ab. Pinjaman yang diterima                                       ab. Fund borrowings                                                     dan Entitas Anak memperhitungkan konsekuensi                        take into account the consequnces of the current
                                                                                                                                              pajak kini dan pajak di masa depan                                  and future tax (settlement) from the carrying
           Pinjaman yang diterima merupakan dana yang                      Fund borrowings represent funds received from
                                                                                                                                              (penyelesaian) dari jumlah tercatat aset (liabilitas)               amount of assets (liabilities) that are recognised in
           diterima dari bank lain, Bank Indonesia atau                    other banks, Bank Indonesia or other parties with
                                                                                                                                              yang diakui dalam laporan posisi keuangan dan                       the consolidated statement of financial position,
           pihak lain dengan liabilitas pembayaran kembali                 the obligation of repayment in accordance with the
           sesuai dengan persyaratan perjanjian pinjaman.                  requirements of the loan agreement.                                transaksi-transaksi serta peristiwa lain yang                       and transactions and other events occured in the
                                                                                                                                              terjadi dalam tahun berjalan.                                       current period.
           Pada pengukuran awal, pinjaman yang diterima                    Fund borrowings are initially measured at fair value
           disajikan sebesar nilai wajar dikurangi dengan                  less directly attributable transaction costs. Fund                 Beban pajak terdiri dari pajak kini dan pajak                       The tax expense comprises current and deferred
           biaya transaksi yang dapat diatribusikan                        borrowings are classified as financial liabilities at              tangguhan. Pajak diakui dalam laporan laba rugi                     tax. Tax is recognised in the consolidated
           langsung dengan perolehan/penerbitan pinjaman                   amortised cost. Refer to Note 2c for the accounting                dan      penghasilan       komprehensif       lain                  statement of profit or loss and other
           yang      diterima.  Pinjaman      yang   diterima              policy for financial liabilities at amortised cost.                konsolidasian, kecuali jika pajak tersebut terkait                  comprehensive income, except to the extent that it
           diklasifikasikan sebagai liabilitas keuangan yang                                                                                  dengan transaksi atau kejadian yang langsung                        relates to items recognised directly in equity. In this
           diukur dengan biaya perolehan diamortisasi.                                                                                        diakui ke ekuitas. Dalam hal ini, pajak tersebut                    case, the tax is recognised in other comprehensive
           Lihat Catatan 2c untuk kebijakan akuntansi untuk                                                                                   masing-masing     diakui    dalam    penghasilan                    income or directly in equity, respectively.
           liabilitas keuangan yang diukur dengan biaya                                                                                       komprehensif lain atau ekuitas.
           perolehan diamortisasi.




                                                                     123                                                                                                                                    124
PT BANK MANDIRI (PERSERO) TBK                          1402                                                                                                                                           1403                                        ANNUAL REPORT 2024
Page 424
        FINANCIAL STATEMENTS 2024


                                          PT BANK MANDIRI (PERSERO) Tbk.                                                                                                      PT BANK MANDIRI (PERSERO) Tbk.
                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                            DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED               CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS             KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023            31 DESEMBER 2024 DAN 2023                                                                       31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)     (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                     2.    MATERIAL ACCOUNTING POLICY INFORMATION                        2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                      2.    MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                       (continued)                                                        (lanjutan)                                                        (continued)

     ad. Perpajakan (lanjutan)                                        ad. Income tax (continued)                                         ad. Perpajakan (lanjutan)                                         ad. Income tax (continued)

                                                                                                                                             Taksiran pajak penghasilan Bank Mandiri dan                        The estimated corporate income tax of Bank
         Manajemen      Grup    mengevaluasi      secara                   The Group’s management periodically evaluates                     Entitas Anak dihitung untuk masing-masing                          Mandiri and Subsidiaries are calculated for each
         periodik implementasi    terhadap    peraturan                    the implementation of prevailing tax regulations                  perusahaan sebagai badan hukum terpisah. Aset                      company as a separate legal entity. Current tax
         perpajakan yang berlaku terutama yang                             especially for those that are subject to further                  pajak kini (current tax assets) dan liabilitas pajak               assets and current tax liabilities for different legal
         memerlukan interpretasi lebih lanjut mengenai                     interpretation for its implementation, including                  kini (current tax liabilities) untuk badan hukum                   income entities cannot be set-off in the
         pelaksanaannya termasuk juga evaluasi terhadap                    evaluation on tax assessment letters received from                yang berbeda tidak disalinghapuskan dalam                          consolidated financial statements. Corporate tax
         surat ketetapan pajak yang diterima dari kantor                   tax authorities. Futhermore, the Bank establishes                 laporan keuangan konsolidasian. Utang pajak                        payables and other tax payables of Bank Mandiri
         pajak. Lebih lanjut, Bank Mandiri membentuk                       provisions based on the necessary amounts                         penghasilan badan dan utang pajak lainnya Bank                     and Subsidiaries are presented as “Taxes payable“
         cadangan, jika dianggap perlu berdasarkan                         expected to be paid to the tax authorities.                       Mandiri dan Entitas Anak disajikan sebagai                         in the consolidated statement of financial position.
         jumlah yang diestimasikan akan dibayarkan ke                                                                                        “Utang pajak” di laporan posisi keuangan
         kantor pajak.                                                                                                                       konsolidasian.

         Bank Mandiri dan Entitas Anak menerapkan                          Bank Mandiri and Subsidiaries apply the balance                   Aset dan liabilitas pajak tangguhan dapat saling                   Deferred income tax assets and liabilities are
                                                                                                                                             hapus apabila terdapat hak yang berkekuatan                        offsetted if there is a legally enforceable right to
         metode liabilitas laporan posisi keuangan                         sheet liability method to determine income tax
                                                                                                                                             hukum untuk melakukan saling hapus antara aset                     offset current tax assets against current tax
         (balance       sheet    liability  method)     untuk              expense. Under the balance sheet liability method,                dan liabilitas pajak kini dan apabila aset dan                     liabilities and if the deferred income tax assets and
         menentukan beban pajak penghasilan. Menurut                       deferred tax assets and liabilities are recognised                liabilitas pajak penghasilan tangguhan dikenakan                   liabilities relate to income taxes levied by the same
         metode liabilitas laporan posisi keuangan, aset                   for all temporary differences arising between the                 oleh otoritas perpajakan yang sama, baik atas                      taxation authority on either for the same taxable
         dan utang pajak tangguhan diakui untuk semua                      tax base of assets and liabilities and their carrying             entitas kena pajak yang sama atau berbeda dan                      entity or different taxable entities where there is an
         perbedaan temporer antara nilai aset dan                          amount in the consolidated statement of financial                 adanya niat untuk melakukan penyelesaian                           intention to settle the balances on a net basis.
         liabilitas yang tercatat di laporan posisi keuangan               position at each reporting date. This method also                 saldo-saldo tersebut secara neto.
         dengan dasar pengenaan pajak atas aset dan                        requires the recognition of unused future tax
         liabilitas tersebut pada setiap tanggal pelaporan.                benefits, to the extent that realisation of such              ae. Dana syirkah temporer                                         ae. Temporary syirkah funds
         Metode       ini   juga     mensyaratkan     adanya               benefits are probable in the future.
         pengakuan manfaat pajak di masa datang yang                                                                                         Dana syirkah temporer adalah dana yang                             Temporary syirkah funds represent funds received
         belum digunakan apabila besar kemungkinan                                                                                           diterima oleh Entitas Anak. Entitas Anak                           by a Subsidiary. The Subsidiary has the right to
         bahwa manfaat tersebut dapat direalisasikan di                                                                                      mempunyai     hak    untuk  mengelola    dan                       manage and invest funds in accordance with either
                                                                                                                                             menginvestasikan dana, baik sesuai dengan                          the Subsidiary’s policy or restriction set by the
         masa yang akan datang.                                                                                                              kebijakan   Entitas   Anak  atau   kebijakan                       depositors with the agreed profit sharing.
                                                                                                                                             pembatasan dari pemilik dana, dengan
         Aset pajak tangguhan diakui apabila terdapat                      Deferred tax assets are recognised only to the                    keuntungan     dibagikan   sesuai    dengan
         kemungkinan besar bahwa jumlah laba fiskal                        extent that is probable that future taxable income                kesepakatan.
         pada masa datang akan memadai untuk                               will be sufficient to compensate deferred tax asset
         mengkompensasi aset pajak tangguhan yang                          arising from temporary differences.                               Hubungan antara Entitas Anak dan pemilik dana                      Relationship between the Subsidiary and the
         muncul akibat perbedaan temporer.                                                                                                   syirkah    temporer      merupakan     hubungan                    owner of temporary syirkah funds are based on
                                                                                                                                             kemitraan berdasarkan akad mudharabah                              partnership mudharabah muthlaqah, mudharabah
         Pajak tangguhan dihitung dengan menggunakan                       Deferred tax is calculated using tax rates                        muthlaqah, mudharabah muqayyadah atau                              muqayyadah or musyarakah. The examples of
         tarif pajak yang berlaku atau secara substansial                  enacted or substantively applied to the period                    musyarakah. Contoh dari dana syirkah temporer                      temporary syirkah funds are investment funds
         diberlakukan pada periode dimana aset tersebut                    during which the asset is realised or the liability is            adalah penerimaan dana dari investasi                              received       from     mudharabah    muthlaqah,
         direalisasi atau liabilitas tersebut diselesaikan.                settled. The changes to the carrying value of                     mudharabah          muthlaqah,      mudharabah                     mudharabah muqayyadah and other similar
         Perubahan nilai tercatat aset dan liabilitas pajak                deferred tax assets and liabilities due to the                    muqayyadah dan akun lain yang sejenis.                             accounts.
                                                                                                                                             1) Mudharabah muthlaqah adalah mudharabah                          1) Mudharabah            muthlaqah     represents
         tangguhan yang disebabkan oleh perubahan tarif                    changes of tax rates are charged in the current                        dimana pemilik dana (shahibul maal)                                mudharabah in which the fund owner
         pajak dibebankan pada laporan laba rugi dan                       year, consolidated statement of profit or loss and                     memberikan kebebasan kepada pengelola                              (shahibul maal) entrusts the fund manager
         penghasilan komprehensif lain konsolidasian                       other    comprehensive      income     except      for                 dana    (mudharib/Entitas    Anak)   dalam                         (mudharib/Subsidiary)     in  managing    its
         tahun berjalan, kecuali untuk transaksi-transaksi                 transactions which previously have been directly                       pengelolaan investasinya.                                          investment.
         yang sebelumnya telah langsung dibebankan                         charged or credited to equity.                                    2) Mudharabah           muqayyadah        adalah                   2) Mudharabah           muqayyadah     represents
         atau dikreditkan ke ekuitas.                                                                                                             mudharabah       dimana     pemilik    dana                        mudharabah in which the fund owner sets
                                                                                                                                                  memberikan batasan kepada pengelola                                restrictions to the fund manager regarding,
         Koreksi atas liabilitas pajak diakui pada saat                    Adjustments to taxation obligations are recognised                     dana, antara lain mengenai tempat, cara dan                        among others, the place, the means and/or
         surat ketetapan pajak diterima, atau apabila                      when tax assessment letter is received or, if                          atau obyek investasi.                                              the object of investment.
         diajukan keberatan dan/atau banding, maka                         objection/appeal is submitted, adjustments are
         koreksi diakui pada saat keputusan atas                           recognised when the result of objection/appeal is                 Dana syirkah temporer tidak dapat digolongkan                      Temporary syirkah funds cannot be classified as
         keberatan dan/atau banding tersebut diterima.                     received. Management provides provision for                       sebagai liabilitas. Hal ini karena Entitas Anak                    liability because the Subsidiary does not have any
                                                                                                                                             tidak mempunyai liabilitas, ketika mengalami                       liability to return the fund to the owners when
         Manajemen juga dapat membentuk pencadangan                        future tax liability at the estimated amount that will
                                                                                                                                             kerugian, untuk mengembalikan jumlah dana                          experience losses, except for losses due to the
         terhadap liabilitas pajak di masa depan sebesar                   be payable to the tax office if there is a probable               awal dari pemilik dana kecuali akibat kelalaian                    Subsidiary’s management negligence or default.
         jumlah yang diestimasikan akan dibayarkan ke                      tax    exposure,        based    on    management’s               atau wanprestasi Entitas Anak. Dana syirkah                        On the other hand, temporary syirkah funds also
         kantor pajak jika berdasarkan evaluasi pada                       assessment as of the date of consolidated                         temporer tidak dapat digolongkan sebagai                           cannot be classified as equity, because of the
         tanggal laporan posisi keuangan konsolidasian                     statement of financial position. Assumptions and                  ekuitas karena mempunyai waktu jatuh tempo                         existence of maturity period and the depositors do
         terdapat risiko pajak yang probable. Asumsi dan                   estimation used in the calculation of provision may               dan pemilik dan tidak mempunyai hak                                not have the same rights as the shareholders, such
         estimasi yang digunakan dalam perhitungan                         involve element of uncertainty.                                   kepemilikan yang sama dengan pemegang                              as voting rights and the rights of realised gain from
         pembentukan cadangan tersebut memiliki unsur                                                                                        saham seperti hak voting dan hak atas realisasi                    current asset and other non-investment accounts.
         ketidakpastian.                                                                                                                     keuntungan yang berasal dari aset lancar dan
                                                                                                                                             aset non investasi.




                                                                     125                                                                                                                                  126
PT BANK MANDIRI (PERSERO) TBK                          1404                                                                                                                                         1405                                       ANNUAL REPORT 2024
Page 425
        FINANCIAL STATEMENTS 2024


                                         PT BANK MANDIRI (PERSERO) Tbk.                                                                                                    PT BANK MANDIRI (PERSERO) Tbk.
                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                          DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED                 CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS               KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                   31 DECEMBER 2024 AND 2023              31 DESEMBER 2024 DAN 2023                                                                   31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                  2.    MATERIAL ACCOUNTING POLICY INFORMATION                          2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                  2.    MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                    (continued)                                                          (lanjutan)                                                    (continued)
     ae. Dana syirkah temporer (lanjutan)                          ae. Temporary syirkah funds (continued)
                                                                                                                                        af. Pendapatan   dan   beban     bunga      serta             af. Interest income and expense            and    sharia
         Dana syirkah temporer merupakan salah satu                     Temporary syirkah funds represent one of the                        pendapatan dan beban syariah (lanjutan)                       income and expense (continued)
         unsur laporan posisi keuangan konsolidasian,                   consolidated statement of financial position
         yang memberikan hak kepada Entitas Anak untuk                  accounts which is in accordance with sharia                         (ii) Pendapatan syariah                                        (ii) Sharia income
         mengelola, termasuk untuk mencampur dana                       principle that provide right to the Subsidiary to
         dimaksud dengan dana lainnya.                                  manage fund, including to combine the funds with                        Di dalam pendapatan dan beban bunga                            Included in interest income and expense are
                                                                        the other funds.
                                                                                                                                                terdapat      pendapatan     dan    beban                      sharia income and expense based on sharia
         Pemilik dana syirkah temporer memperoleh                       The owner of temporary syirkah funds receive                            berdasarkan prinsip syariah. Pendapatan                        principle. The Subsidiary's income as a fund
         bagian atas keuntungan sesuai kesepakatan dan                  parts of profit in accordance with the agreement                        pengelolaan dana oleh Entitas Anak sebagai                     manager (mudharib) consists of income from
         menerima kerugian berdasarkan jumlah dana                      and receive loss based on the proportion to the                         mudharib       terdiri atas    pendapatan                      murabahah and istishna transactions, income
         dari masing-masing pihak. Pembagian hasil dana                 total funds. The profit distribution of temporary                       pembiayaan dengan akad murabahah,                              from ijarah (leasing), income from profit
         syirkah temporer dapat dilakukan dengan konsep                 syirkah funds might be based on profit sharing or                       istishna, ijarah dan pendapatan dari bagi                      sharing of mudharabah, musyarakah financing
         bagi hasil atau bagi untung.                                   revenue sharing concept.                                                hasil yaitu mudharabah, musyarakah dan                         and other main operating income.
     af. Pendapatan   dan   beban     bunga          serta         af. Interest income and           expense      and   sharia                  pendapatan usaha utama lainnya.
         pendapatan dan beban syariah                                  income and expense
                                                                                                                                                Pengakuan           keuntungan  transaksi                      Murabahah transaction income recognition
         (i)   Konvensional                                             (i)   Conventional                                                      murabahah dengan pembayaran tangguh                            through deferred payment or installment is
                                                                                                                                                atau secara angsuran dilakukan selama                          executed during the period of the contract
               Pendapatan dan beban bunga untuk semua                         Interest income and expense for all interest-                     periode akad sesuai dengan metode tingkat                      based on effective rate of return method
               instrumen keuangan dengan interest bearing                     bearing financial instruments are recognised                      imbal hasil efektif.                                           (annuity).
               dicatat dalam “Pendapatan bunga” dan                           as “Interest income” and “Interest expense” in
               “Beban bunga” di dalam laporan laba rugi                       the consolidated statement of profit or loss
               dan     penghasilan  komprehensif     lain                     and other comprehensive income using the                          Berdasarkan PSAK No. 402 (Revisi 2019),                        According to SFAS No. 402 (Revised 2019),
               konsolidasian menggunakan metode suku                          effective interest method.                                        pendapatan murabahah yang termasuk                             murabahah income which includes deferred
               bunga efektif.                                                                                                                   marjin ditangguhkan dan pendapatan                             margin and administrative income are
                                                                                                                                                administrasi, diakui dengan menggunakan                        recognised as income using method that
               Metode suku bunga efektif adalah metode                        The effective interest method is a method                         metode setara tingkat imbal hasil efektif,                     equivalent to the effective rate of return
               yang digunakan untuk menghitung biaya                          used for calculating the amortised cost of                        yaitu tingkat imbal hasil setara yang akan                     method, which is the rate that exactly
               perolehan diamortisasi dari aset keuangan                      financial assets and liabilities and method for
               atau liabilitas keuangan dan metode untuk                      allocating the interest income or interest                        mendiskonto      secara    tepat   estimasi                    discounts estimated future cash payments or
               mengalokasikan pendapatan bunga atau                           expense over the relevant period. The                             pembayaran atau penerimaan kas di masa                         receipts through the expected life of the
               beban bunga selama periode yang relevan.                       effective interest rate is the rate that exactly                  datang sepanjang perkiraan umur instrumen                      financial instrument or a shorter period, where
               Suku bunga efektif adalah suku bunga yang                      discounts estimated future cash payments or                       keuangan tersebut atau, jika lebih tepat                       appropriate, for the net carrying amount of the
               secara tepat mendiskontokan estimasi                           receipts through the expected life of the                         untuk masa yang lebih singkat untuk nilai                      financial asset or financial liability. The
               pembayaran atau penerimaan kas di masa                         financial instrument or, when appropriate, a                      tercatat bersih dari aset keuangan atau                        calculation takes into account all contractual
               datang selama perkiraan umur dari                              shorter period to obtain the net carrying                         liabilitas keuangan. Perhitungan dilakukan                     terms and condition the financial assets and
               instrumen keuangan, atau jika lebih tepat,                     amount of the financial asset or financial
               digunakan periode yang lebih singkat untuk                     liability. When calculating the effective interest                dengan memperhitungkan seluruh syarat                          includes any fees or incremental costs that are
               memperoleh nilai tercatat bersih dari aset                     rate, the Group estimates cash flows                              dan ketentuan kontraktual dari instrumen                       directly attributable to the assets and are
               keuangan atau liabilitas keuangan. Pada                        considering all contractual terms of the                          keuangan dan biaya tambahan yang timbul                        integral part of the effective rate of return.
               saat menghitung suku bunga efektif, Grup                       financial instrument but does not consider                        secara langsung untuk instrumen tersebut
               mengestimasi        arus    kas     dengan                     future credit losses. The calculation includes                    dan merupakan bagian tidak terpisahkan dari
               mempertimbangkan seluruh persyaratan                           all commissions, provision and other fees                         tingkat imbal hasil.
               kontraktual dalam instrumen keuangan                           received between parties in the contract that
               tersebut, namun tidak mempertimbangkan                         are an integral part of the effective interest
               kerugian kredit di masa datang. Perhitungan                    rate, transaction costs and all other premiums                    Pendapatan     istishna   diakui    dengan                     Income from istishna is recognised using the
               ini mencakup seluruh komisi, provisi dan                       or discounts.                                                     menggunakan         metode       persentase                    percentage of completion or full completion
               bentuk lain yang diterima oleh para pihak                                                                                        penyelesaian atau metode akad selesai.                         method.
               dalam kontrak yang merupakan bagian tak
               terpisahkan dari suku bunga efektif, biaya                                                                                       Pendapatan ijarah diakui selama masa akad                      Income     from      ijarah    is    recognised
               transaksi dan seluruh premi atau diskon                                                                                          secara proporsional.                                           proportionally during the contract period.
               lainnya.

               Jika aset keuangan atau kelompok aset                          Once a financial asset or a group of similar                      Pendapatan bagi hasil musyarakah yang                          Profit sharing income for passive partner in
               keuangan serupa telah diturunkan nilainya                      financial assets has been written down as a                       menjadi hak mitra pasif diakui dalam periode                   musyarakah is recognised in the period when
               sebagai akibat kerugian penurunan nilai,                       result of an impairment loss, subsequently,                       terjadinya hak bagi hasil sesuai nisbah yang                   the profit sharing rights arise in accordance
               maka pendapatan bunga yang diperoleh                           interest income is recognised for the non-                        disepakati.                                                    with the agreed profit sharing ratio.
               setelahnya diakui atas bagian aset keuangan                    impaired portion of the impaired financial
               yang tidak mengalami penurunan nilai dari                      assets using the interest rate used to discount                   Pendapatan bagi hasil mudharabah diakui                        Profit sharing income for mudharabah is
               aset keuangan yang mengalami penurunan                         the future cash flows for measuring the                           dalam periode terjadinya hak bagi hasil                        recognised in the period when the profit
               nilai, berdasarkan suku bunga yang                             impairment loss.
               digunakan untuk mendiskonto arus kas                                                                                             sesuai nisbah yang disepakati dan tidak                        sharing rights arise in accordance with agreed
               masa datang dalam menghitung kerugian                                                                                            diperkenankan mengakui pendapatan dari                         profit sharing ratio and the recognition based
               penurunan nilai.                                                                                                                 proyeksi hasil usaha.                                          on projection of income is not allowed.




                                                                  127                                                                                                                                128
PT BANK MANDIRI (PERSERO) TBK                        1406                                                                                                                                      1407                                      ANNUAL REPORT 2024
Page 426
        FINANCIAL STATEMENTS 2024


                                         PT BANK MANDIRI (PERSERO) Tbk.                                                                                                   PT BANK MANDIRI (PERSERO) Tbk.
                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                         DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED              CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS            KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                     31 DECEMBER 2024 AND 2023           31 DESEMBER 2024 DAN 2023                                                                   31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)    (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                    2.    MATERIAL ACCOUNTING POLICY INFORMATION                       2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                  2.    MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                      (continued)                                                       (lanjutan)                                                    (continued)
     af. Pendapatan   dan   beban     bunga      serta               af. Interest income and expense             and    sharia
         pendapatan dan beban syariah (lanjutan)                         income and expense (continued)                                ag. Pendapatan premi dan beban klaim (lanjutan)               ag. Premium income            and    claims     expenses
                                                                                                                                                                                                         (continued)
         (ii) Pendapatan syariah (lanjutan)                               (ii) Sharia income (continued)
                                                                                                                                           Pendapatan premi yang diterima sebelum jatuh                   Premiums income received before the due date of
              Setoran dari debitur dengan kualitas non-                       Any payment from non-performing debtors                      tempo polis dicatat sebagai titipan premi di                   the respective policies is stated as policyholders’
              performing       diperlakukan       sebagai                     recognised is treated as the repayment cost or               laporan posisi keuangan konsolidasian.                         deposits in the consolidated statement of financial
              pengembalian harga perolehan atau pokok                         loan/financing principal. Excess payment over
              piutang/pembiayaan. Kelebihan pembayaran                        the cost or loan/financing principal recognised                                                                             position.
              di atas harga perolehan atau pokok                              as income when the cash received. Specific
              piutang/pembiayaan       diakui     sebagai                     for ijarah transactions, any payment from non-               Beban klaim dan manfaat terdiri dari klaim yang                Claims and benefits expense consist of settled
              pendapatan pada saat diterimanya. Khusus                        performing debtors recognised as the                         telah    diselesaikan,    klaim  dalam    proses               claims, claims that are still in process of settlement
              untuk transaksi ijarah, setoran dari debitur                    settlement of ijarah receivables.                            penyelesaian dan estimasi atas klaim yang telah                and estimates of claims incurred but not yet
              dengan kualitas non-performing diperlakukan                                                                                  terjadi namun belum dilaporkan (IBNR). Klaim                   reported (IBNR). Claims and benefits are
              sebagai pelunasan piutang sewa.                                                                                              dan manfaat diakui sebagai beban pada saat                     recognised as expenses when the liabilities to
              Hak nasabah atas bagi hasil dana syirkah                        Customers’ (fund owner) share on the return                  terjadinya liabilitas untuk memberikan proteksi.               cover claims are incurred. Claim recoveries from
              temporer merupakan bagian bagi laba milik                       of temporary syirkah funds represent fund                    Klaim reasuransi yang diperoleh dari perusahaan                reinsurance companies are recognised and
              nasabah yang didasarkan pada prinsip                            owners’ share of the profit of Subsidiary                    reasuradur diakui dan dicatat sebagai pengurang                recorded as deduction from claims and benefits
              mudharabah     muthlaqah,      mudharabah                       derived from managing of such funds under                    beban klaim dan manfaat pada periode yang                      expenses consistent in the same period with the
              muqayyadah dan mudharabah musytarakah                           mudharabah         mutlaqah,        mudharabah               sama dengan periode pengakuan beban klaim                      claim and benefits expenses recognition.
              atas hasil pengelolaan dana mereka oleh                         muqayyadah and mudharabah musytarakah                        dan manfaat.
              Entitas Anak. Pendapatan yang dibagikan                         principles. The profit sharing is determined on
              adalah pendapatan yang telah diterima.                          the earned income.
                                                                                                                                           Jumlah klaim dalam penyelesaian, termasuk                      Total claims in process of settlement, including
         (iii) Hak pihak ketiga atas bagi hasil dana syirkah              (iii) Third parties’ share on return of temporary                klaim yang telah terjadi namun belum dilaporkan,               claims incurred but not yet reported, are stated at
               temporer                                                         syirkah funds                                              dinyatakan berdasarkan estimasi menggunakan                    estimated amounts determined based on the
                                                                                                                                           teknik perhitungan teknis oleh aktuaris.                       actuarial technical insurance calculations. Changes
              Pembagian laba dilakukan berdasarkan                            Distribution of profit is based on profit sharing            Perubahan dalam estimasi liabilitas klaim,                     in estimated claims liabilities as a result of further
              prinsip bagi hasil yaitu dihitung dari                          principle which is calculated from the                       sebagai hasil dari evaluasi lebih lanjut dan                   evaluation and the difference between estimated
              pendapatan Entitas Anak yang diterima                           Subsidiary’s earned income which in the form                 perbedaan antara estimasi klaim dengan klaim                   claims and paid claims are recognised as addition
              berupa laba bruto (gross profit margin).                        of gross profit margin.
                                                                                                                                           yang dibayarkan, diakui sebagai biaya tambahan                 to or deduction from expenses in the period which
              Jumlah pendapatan marjin dan bagi hasil                         Total margin income and profit sharing on                    atau pengurang biaya pada periode terjadinya                   the changes occurred.
              atas pembiayaan yang diberikan dan atas                         financing given to debtors and other                         perubahan.
              aset produktif lainnya akan dibagikan kepada                    productive assets will be distributed to the
              nasabah penyimpan dana dan Entitas Anak,                        fund owner and Subsidiary, calculated                    ah. Pendapatan provisi dan komisi                             ah. Fees and commissions income
              dihitung secara proporsional sesuai dengan                      proportionally according to the fund allocation
              alokasi dana nasabah dan Entitas Anak yang                      of fund owner and subsidiary that were used in               Pendapatan provisi dan komisi dan biaya                        Fees and commissions income and transaction
              dipakai dalam pembiayaan yang diberikan                         the financing given to debtors and other
              dan aset produktif lainnya yang disalurkan.                     productive assets.                                           transaksi yang dapat diatribusikan secara                      costs that are directly attributable to lending
                                                                                                                                           langsung yang berkaitan dengan kegiatan                        activities, consumer financing receivables and net
              Selanjutnya, jumlah pendapatan marjin dan                       Furthermore, available margin income and                     pemberian kredit, piutang pembiayaan konsumen                  investment finance lease, are recognised as a
              bagi hasil yang tersedia untuk nasabah dari                     profit sharing for fund owner from financing                 dan investasi bersih dalam sewa pembiayaan                     part/(deduction) of outstanding loan, consumer
              fasilitas pembiayaan yang diberikan dan aset                    facilities given to debtors and other distributed            diakui sebagai bagian/(pengurang) dari nilai                   financing receivables and net investment finance
              produktif lainnya yang disalurkan tersebut                      earning assets are distributed to fund owners                perolehan kredit, piutang pembiayaan konsumen                  lease and will be recognised as interest income by
              kemudian dibagihasilkan ke nasabah                              and depositor as shahibul maal and the                       dan investasi bersih dalam sewa pembiayaan                     amortisation using effective interest rate method.
              penabung dan deposan sebagai shahibul                           Subsidiary as mudharib based on a
              maal dan Entitas Anak sebagai mudharib                          predetermined and agreed profit sharing with                 dan akan diakui sebagai pendapatan bunga
              sesuai dengan porsi nisbah bagi hasil yang                      nisbah portion. Margin income and profit                     dengan cara diamortisasi berdasarkan metode
              telah disepakati bersama sebelumnya.                            sharing from financing facilities given to                   suku bunga efektif.
              Pendapatan marjin dan bagi hasil dari                           debtors and other distributed earning assets
              pembiayaan yang diberikan dan aset                              using the Subsidiary’s funds, are entirely                   Untuk kredit, piutang pembiayaan konsumen dan                  The directly attributable unamortised fees and
              produktif lainnya yang disalurkan yang                          shared for the Subsidiary, including income                  investasi bersih dalam sewa pembiayaan yang                    commissions balances relating to loans, consumer
              memakai dana Entitas Anak, seluruhnya                           from the Subsidiary’s fee-based transactions.                diberikan dan dilunasi sebelum jatuh temponya,                 financing receivables and net investment finance
              menjadi milik Entitas Anak, termasuk
              pendapatan dari transaksi Entitas Anak                                                                                       saldo pendapatan provisi dan/atau komisi dan                   lease which is settled prior to maturity are
              berbasis imbalan.                                                                                                            biaya transaksi yang dapat diatribusikan secara                recognised upon settlement date of such loans,
                                                                                                                                           langsung yang belum diamortisasi, diakui pada                  consumer financing and net investment finance
     ag. Pendapatan premi dan beban klaim                            ag. Premium income and claims expenses                                saat kredit yang diberikan, piutang pembiayaan                 lease.
                                                                                                                                           konsumen dan investasi bersih dalam sewa
         Pendapatan premi kontrak asuransi jangka                         Premium income received from short-term                          pembiayaan dilunasi.
         pendek diakui sebagai pendapatan selama                          insurance contracts is recognised as revenue over
         periode risiko sesuai dengan proporsi jumlah                     the period of risk coverage in proportion to the
         proteksi asuransi yang diberikan. Pendapatan                     amounts of insurance protection provided.                        Pendapatan provisi dan komisi lainnya yang tidak               Other fees and commissions income which are not
         premi kontrak asuransi jangka panjang diakui                     Premium income from long-term insurance                          berkaitan langsung dengan kegiatan perkreditan                 directly related to lending activities or a specific
         sebagai pendapatan pada saat polis jatuh tempo.                  contracts is recognised as revenue when the policy               atau jangka waktu tertentu diakui pada saat                    period are recognised as revenue on the
                                                                          is due.                                                          terjadinya transaksi.                                          transaction date.



                                                                    129                                                                                                                             130
PT BANK MANDIRI (PERSERO) TBK                         1408                                                                                                                                    1409                                       ANNUAL REPORT 2024
Page 427
        FINANCIAL STATEMENTS 2024


                                          PT BANK MANDIRI (PERSERO) Tbk.                                                                                                       PT BANK MANDIRI (PERSERO) Tbk.
                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                             DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED                CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS              KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                       31 DECEMBER 2024 AND 2023             31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)      (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                      2.    MATERIAL ACCOUNTING POLICY INFORMATION                         2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                     2.    MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                        (continued)                                                         (lanjutan)                                                       (continued)
     ai. Imbalan kerja                                                 ai. Employee benefits
                                                                                                                                           ai. Imbalan kerja (lanjutan)                                     ai. Employee benefits (continued)
         Liabilitas pensiun                                                 Pension liability
                                                                                                                                               Liabilitas pensiun (lanjutan)                                     Pension liability (continued)
         Bank Mandiri menyelenggarakan program                              Bank Mandiri established a defined contribution
         pensiun iuran pasti yang pesertanya adalah                         pension plan covering substantially all of its eligible
                                                                                                                                               Akumulasi keuntungan atau kerugian aktuarial                      The accumulated unrealised actuarial gains or
         pegawai aktif Bank Mandiri sejak tanggal                           active employees since 1 August 1999 and also
         1 Agustus 1999, serta program pensiun manfaat                      defined benefit pension plans, which were derived                  yang belum diakui yang terjadi diakui sebagai                     losses incurred are recognised as “Other
         pasti yang berasal dari masing-masing dana                         from each of the Merged Banks’ pension plan. This                  “Penghasilan komprehensif lain” dan disajikan                     comprehensive income” and is presented in the
         pensiun Bank Peserta Penggabungan. Program                         program is funded through payment to pension                       pada bagian ekuitas. Biaya jasa lalu dibebankan                   equity section. Past service cost is directly charged
         ini didanai melalui pembayaran kepada pengelola                    fund’s management as defined in the actuarial                      langsung pada laba rugi.                                          to profit or loss.
         dana pensiun sebagaimana ditentukan dalam                          calculation which done regularly.
         perhitungan aktuaria yang dilakukan secara
         berkala.                                                                                                                              Biaya imbalan pasca-kerja yang diakui selama                      The post-employment benefits expense recognised
                                                                                                                                               tahun berjalan terdiri dari biaya jasa dalam laba                 during the current year consists of service cost in
         Liabilitas imbalan pensiun Bank Mandiri dan                        Bank Mandiri and Subsidiaries’ pension liability                   rugi, bunga neto atas liabilitas imbalan pasti neto               profit or loss, net interest on the net defined benefit
         Entitas Anak dihitung dengan membandingkan                         have been calculated by comparing the benefit that                 dalam laba rugi dan pengukuran kembali liabilitas                 liability in profit or loss and remeasurement of the
         manfaat yang akan diterima oleh karyawan dari                      will be received by an employee at normal pension
         program pensiun pada usia pensiun normal                           age from the Pension Plans with the benefit that                   imbalan    pasti    neto      dalam    penghasilan                net      defined      benefit   liabilities in   other
         dengan manfaat yang akan diterima berdasarkan                      will be received as stipulated under the                           komprehensif lain.                                                comprehensive income.
         UU Ketenagakerjaan No. 13/2003 dimana telah                        Employment Law No. 13/2003 which has been
         diperbaharui menggunakan UU Cipta Kerja                            updated using the Employment Regulations No.                       Bunga neto atas imbalan pasti neto merupakan                      Net interest on the net defined benefit liabilities is
         No. 11/2020 sebagaimana diubah dengan UU                           11/2020 as amended by UU No. 6/2023                                komponen pendapatan bunga dari aset program,                      the interest income component of plan assets,
         No. 6/2023 tentang Penetapan Peraturan                             concerning Government In Lieu Of Law No. 2 Of
         Pemerintah Pengganti Undang-Undang No. 2                           2022      Concerning     Stipulation    Employment                 biaya bunga atas liabilitas imbalan pasti dan                     interest expense of defined benefit liabilities and
         Tahun 2022 Tentang Cipta Kerja Menjadi                             Regulations Become Law based on the Collective                     bunga atas dampak batas atas dari aset.                           interest on the effect of asset ceiling.
         Undang-Undang berdasarkan Perjanjian Kerja                         Labor Agreement which was renewed at the end of
         Bersama yang telah diperbaharui pada akhir                         2021 after deducting accumulated employee                          Pengukuran kembali liabilitas imbalan pasti neto                  Remeasurements of the net defined benefit liability
         2021 setelah dikurangi dengan akumulasi                            contributions and the results of its investments. If
                                                                                                                                               terdiri dari:                                                     consists of:
         kontribusi karyawan dan hasil investasinya.                        the pension benefit from the Pension Plans is less
         Apabila manfaat pensiun lebih kecil dari pada                      than the benefit as required by the Employment                     -    Keuntungan dan kerugian aktuarial;                           -   Actuarial gains and losses;
         manfaat menurut UU Cipta Kerja No. 11/2020,                        Regulations No. 11/2020, the Bank and                              -    Imbal hasil atas aset program, tidak                         -   Return on plan assets, excluding amount
         maka Bank dan Entitas Anak membayar                                Subsidiaries will have to pay such shortage.                            termasuk jumlah yang dimasukkan dalam                            included in net interest on the net defined
         kekurangan tersebut.                                                                                                                       bunga neto atas liabilitas imbalan pasti neto;                   benefit liability; and
         Program      pensiun     berdasarkan     UU                        The pension plan based on the Labor Law is a                       -    Setiap perubahan dampak batas atas aset,                     -   Any change in effect of the asset ceiling,
         Ketenagakerjaan adalah program imbalan pasti                       defined benefit plan because the Labor Law sets a                       tidak termasuk jumlah yang dimasukkan                            excluding amount including in net interest on
         karena UU Ketenagakerjaan menentukan rumus                         certain formula to calculate the minimum pension                        dalam bunga neto atas liabilitas imbalan                         the net defined benefit liability.
         tertentu untuk menghitung jumlah minimum                           benefit. A defined contribution plan is a pension                       pasti neto.
         imbalan pensiun. Program pensiun iuran pasti                       plan that defines an amount of pension contribution
         adalah program pensiun yang iurannya                               based on pension fund regulation and all
         ditetapkan dalam peraturan dana pensiun dan                        contribution including investment return are                       Keuntungan dan kerugian aktuarial dapat timbul                    Actuarial gains and losses may arise from the
         seluruh iuran serta hasil pengembangannya                          recorded in its account’s member as pension                        dari penyesuaian yang dibuat berdasarkan                          adjustments made based on the experience and
         dibukukan pada rekening masing-masing peserta                      benefit as stated in Law No. 4 year 2023 dated                     pengalaman dan perubahan asumsi-asumsi                            changes in actuarial assumption.
         sebagai    manfaat    pensiun   sebagaimana                        12 January 2023 regarding Development and                          aktuarial.
         tercantum dalam UU No. 4 tahun 2023 tanggal                        Strengthening Financial Sector.
         12 Januari 2023 tentang Pengembangan dan
         Penguatan Sektor Keuangan.                                                                                                            Liabilitas imbalan jangka panjang lainnya                         Other     long-term        employment          benefit
                                                                                                                                                                                                                 obligations
         Liabilitas program pensiun imbalan pasti yang                      The defined benefit pension liability recognised in
         diakui di laporan posisi keuangan konsolidasian                    the consolidated statement of financial position is                Liabilitas imbalan jangka panjang lainnya terdiri                 Other long-term employment benefit obligations
         adalah nilai kini dari liabilitas imbalan pasti pada               the present value of the defined benefit obligation
                                                                                                                                               dari cuti besar berimbalan dan penghargaan                        consist of paid leave and service awards.
         tanggal laporan posisi keuangan konsolidasian                      at the consolidated statement of financial position
         setelah dikurangi dengan nilai wajar aset                          date less the fair value of plan assets, adjusted                  masa dinas.
         program, serta disesuaikan dengan keuntungan                       with unrealised actuarial gains or losses and past
         atau kerugian aktuaria dan biaya jasa lalu yang                    service cost. The defined benefit obligation is                    Hak atas imbalan ini pada umumnya diberikan                       The entitlement of these benefits are provided to
         belum diakui. Liabilitas manfaat pasti dihitung                    calculated annually by independent actuaries using                 apabila karyawan bekerja hingga mencapai usia                     the employees if employees work until reaching the
         setiap     tahun     oleh     aktuaris   independen                the projected unit credit method on a regular basis
         menggunakan metode projected unit credit                           for periods not exceeding one year. The present                    pensiun dan memenuhi masa kerja tertentu.                         retirement age and the completion of a minimum
         secara reguler untuk periode tidak lebih dari satu                 value of the defined benefit obligation is                         Prakiraan biaya imbalan ini dicadangkan                           certain service period. The estimated costs for
         tahun. Nilai kini liabilitas manfaat pasti ditentukan              determined by discounting the estimated future                     sepanjang masa kerja karyawan dan dihitung                        these benefits are accrued over the period of
         dengan mendiskontokan estimasi arus kas keluar                     cash outflows using the discount rate of                           menggunakan metodologi yang sama dengan                           employment of respective employee calculated
         masa depan dengan menggunakan tingkat                              government bonds’ yield that are denominated in                    metodologi yang digunakan dalam perhitungan                       using similar methodology used for defined benefit
         diskonto imbal hasil obligasi pemerintah dalam                     the currency in which the benefit will be paid, and
         mata uang yang sama dengan mata uang                               that have terms to maturity approximating the                      program pensiun imbalan pasti, namun                              pension plans but is simpler. These obligations are
         imbalan yang akan dibayarkan dan waktu jatuh                       terms of the related pension liability.                            disederhanakan. Liabilitas ini dinilai setiap tahun               calculated annually by qualified independent
         tempo yang kurang lebih sama dengan waktu                                                                                             oleh aktuaris independen yang berkualifikasi.                     actuaries.
         jatuh tempo imbalan yang bersangkutan.



                                                                      131                                                                                                                                  132
PT BANK MANDIRI (PERSERO) TBK                           1410                                                                                                                                         1411                                        ANNUAL REPORT 2024
Page 428
        FINANCIAL STATEMENTS 2024


                                         PT BANK MANDIRI (PERSERO) Tbk.                                                                                                 PT BANK MANDIRI (PERSERO) Tbk.
                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED             CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS           KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                    31 DECEMBER 2024 AND 2023          31 DESEMBER 2024 DAN 2023                                                                    31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)   (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                   2.    MATERIAL ACCOUNTING POLICY INFORMATION                      2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                   2.    MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                     (continued)                                                      (lanjutan)                                                     (continued)

     ai. Imbalan kerja (lanjutan)                                   ai. Employee benefits (continued)                                ak. Segmen operasi (lanjutan)                                  ak. Operating segment (continued)

                                                                                                                                         Segmen geografis adalah komponen Bank dan                       A geographical segment represents a component
         Pembagian tantiem                                               Tantiem distribution                                            Entitas Anak yang dapat dibedakan dalam                         of the Bank and its Subsidiaries that provides
                                                                                                                                         menghasilkan jasa pada lingkungan (wilayah)                     services in different economic environment and
         Bank Mandiri mencatat tantiem dengan                            Bank Mandiri records tantiem on an accrual basis                ekonomi tertentu dan komponen itu memiliki                      has a different risk and reward compared to others
         menggunakan      basis      akrual     dan                      and charges it to the consolidated statement of                 risiko dan imbalan yang berbeda dengan risiko                   operating in different economic environment.
         membebankannya pada laporan laba rugi dan                       profit or loss and other comprehensive income for               dan imbalan pada komponen yang beroperasi                       Geographical segments are divided into Indonesia,
         penghasilan komprehensif lain konsolidasian                     the year.                                                       pada lingkungan (wilayah) ekonomi lain. Segmen                  Asia (Singapore, Malaysia, Hong Kong, Timor
         tahun berjalan.                                                                                                                 geografis dibagi ke dalam wilayah Indonesia,                    Leste and Shanghai), Western Europe (England)
                                                                                                                                         Asia (Singapura, Malaysia, Hong Kong, Timor                     and Cayman Islands.
                                                                                                                                         Leste dan Shanghai), Eropa Barat (Inggris) dan
     aj. Laba per saham                                             aj. Earnings per share
                                                                                                                                         Cayman Islands.
         Laba per saham dihitung dengan membagi laba                     Earnings per share is calculated by dividing the            al. Tanggung jawab sosial dan lingkungan                       al. Social and environmental responsibility
         bersih konsolidasian akhir tahun berjalan dengan                consolidated net profit at end of year with the
         jumlah rata-rata tertimbang saham yang                          weighted average number of shares issued and                    Berdasarkan Peraturan Menteri Badan Usaha                       Based on Minister of State-Owned Enterprises
         ditempatkan dan disetor selama tahun berjalan.                  fully paid-in during the year.                                  Milik Negara No. PER-01/MBU/03/2023 tentang                     Regulation No. PER-01/MBU/03/2023 regarding
                                                                                                                                         Penugasan Khusus dan Program Tanggung                           Special     Assignments    and       Social   and
         Jumlah rata-rata tertimbang saham yang beredar                  The weighted-average number of outstanding                      Jawab Sosial dan Lingkungan Badan Usaha Milik                   Environmental Responsibility Programs of State-
         yang digunakan dalam menghitung laba per                        shares used in computing basic and diluted                      Negara tanggal 24 Maret 2023, alokasi dana                      Owned Enterprises dated 24 March 2023, fund
                                                                                                                                         tidak dialokasikan dari saldo laba berdasarkan                  allocation was no longer allocated from retained
         saham dasar dan dilusian pada tanggal                           earnings per share as of 31 December 2024 is                    hasil keputusan Rapat Umum Pemegang Saham                       earnings based on the decision of the General
         31 Desember 2024 sebesar 93.333.333.332                         93,333,333,332 shares and as of 31 December                     (“RUPS”) akan tetapi diakui dan dibebankan ke                   Shareholders Meeting (“RUPS”), instead, it is
         lembar saham, serta 31 Desember 2023 sebesar                    2023 are 93,333,333,332 shares.                                 laporan laba dan rugi dan penghasilan                           recognised and charged to the current year
         93.333.333.332 lembar saham.                                                                                                    komprehensif lain konsolidasian tahun berjalan.                 consolidated statement of profit or loss and other
                                                                                                                                                                                                         comprehensive income.
     ak. Segmen operasi                                             ak. Operating segment
                                                                                                                                     am. Saham treasuri                                             am. Treasury shares
         Segmen operasi adalah suatu komponen dari                       An operating segment is a component of an entity:
                                                                                                                                         Saham treasuri merupakan modal saham yang                       Treasury shares are share capital that is acquired
         entitas:
                                                                                                                                         diperoleh dan dimiliki kembali dari yang                        and owned back which from shares previously
         (a) Yang terlibat dalam aktivitas bisnis yang                   (a) That is involved in business activities to                  sebelumnya telah diterbitkan Bank. Saham                        issued by the Bank. Treasury shares are stated at
              mana     memperoleh       pendapatan   dan                     generate income and expenses (include                       treasuri disajikan sebesar nilai yang dibayar,                  the amount paid, including directly attributable
              menimbulkan beban (termasuk pendapatan                         income and expenses relating to the                         termasuk biaya tambahan yang secara langsung                    additional costs (less income tax) and as a
              dan beban terkait dengan transaksi dengan                      transactions with other components from the                 dapat diatribusikan (dikurangi pajak penghasilan)               deduction from equity until the shares are canceled
              komponen lain dari entitas yang sama);                         same entity);                                               dan sebagai pengurang dari ekuitas sampai                       or reissued. When the shares are subsequently
         (b) Hasil operasinya dikaji ulang secara reguler                (b) Whose operating results are reviewed                        saham tersebut dibatalkan atau diterbitkan                      sold back, the amount received is deducted by the
              oleh pengambil keputusan operasional untuk                     regularly by decision maker for operational                 kembali. Ketika saham tersebut selanjutnya dijual               related transaction surcharge and the related
              membuat keputusan tentang sumber daya                          activities for decision making on allocation of             kembali, maka nilai yang diterima, dikurangi                    income tax effect is presented in equity.
                                                                                                                                         biaya tambahan transaksi yang terkait dan
              yang dialokasikan pada segmen tersebut                         resources in respective         segment and                 dampak pajak penghasilan yang terkait disajikan
              dan menilai kinerjanya; dan                                    performance evaluation of works; and                        di ekuitas.
         (c) Tersedia informasi keuangan yang dapat                      (c) For which separate financial information is
              dipisahkan.                                                    available.                                              an. Penggabungan usaha entitas sepengendali                    an. Business combination of common control
                                                                                                                                                                                                        entities
         Sesuai dengan PSAK No. 108 tentang “Segmen                      In accordance with SFAS No. 108 regarding
         Operasi”, Grup menyajikan segmen operasi                        “Operating Segment”, the Group presents                         Transaksi penggabungan usaha antara Entitas                     The transaction of business combination between
         berdasarkan laporan internal grup yang disajikan                operating segment based on internal reports that                Anak, PT Bank Syariah Mandiri (BSM), dengan                     Subsidiaries, PT Bank Syariah Mandiri (BSM), with
                                                                                                                                         PT Bank BRIsyariah Tbk. (BRIS) dan PT Bank                      PT Bank BRIsyariah Tbk. (BRIS) and PT Bank BNI
         kepada pengambil keputusan operasional.                         are presented to the decision-maker for operational
                                                                                                                                         BNI Syariah (BNIS) merupakan penggabungan                       Syariah (BNIS) is a business combination between
         Pengambil keputusan operasional adalah Direksi.                 activities. The decision maker for operational                  usaha antar entitas sepengendali. Transaksi                     entities under common control. Business
                                                                         activities is the Board of Directors.                           penggabungan usaha antar entitas sepengendali,                  combination transaction between entities under
                                                                                                                                         berupa pengalihan bisnis termasuk aset maupun                   common control, in the form of business transfer
         Informasi segmen per 31 Desember 2024 dan                       Segment information as of 31 December 2024 and                  liabilitas terkait dalam rangka reorganisasi                    including transfer of the related assets and
         2023 disajikan sesuai Keputusan Direksi No.                     2023 onwards presented in accordance with the                   entitas-entitas yang berada dalam suatu                         liabilities in relation to the reorganisation of entities
         KEP.DIR/014/2020 tanggal 25 Februari 2020,                      Board of Directors Decree No. KEP.DIR/014/2020                  kelompok yang sama bukan merupakan                              under the same group, do not constitute a change
         dimana segmen operasi dibagi ke dalam                           dated 25 February 2020, In which the operating                  perubahan kepemilikan dalam arti substansi                      of ownership in terms of economics susbtance.
         segmen-segmen       usaha    sebagai      berikut:              segments are divided into the following business                ekonomi. Oleh karena itu, transaksi tersebut                    Therefore, the transaction is recognised at carrying
                                                                                                                                         diakui pada jumlah tercatat berdasarkan metode                  value based on the pooling of the interest method.
         Corporate Banking, Commercial Banking,                          segments: Corporate Banking, Commercial                         penyatuan kepemilikan. Selisih antara imbalan                   The difference between the total consideration
         Hubungan      Kelembagaan,      Retail   Banking                Banking, Institutional Relationship, Retail Banking             yang diterima/dialihkan dan jumlah tercatat                     received or paid and the carrying amount of
         (termasuk Wealth), Treasury & International                     (including Wealth), Treasury & International                    investasi dicatat di ekuitas disajikan sebagai                  investment is recorded under equity and presented
         Banking, Kantor Pusat, Entitas Anak Syariah,                    Banking, Head Office, Sharia Subsidiary,                        bagian dari pos tambahan modal disetor.                         as a component of additional paid in capital.
         Entitas Anak - Asuransi dan Entitas Anak lainnya.               Subsidiary - Insurance and Other Subsidiaries.




                                                                   133                                                                                                                             134
PT BANK MANDIRI (PERSERO) TBK                        1412                                                                                                                                    1413                                         ANNUAL REPORT 2024
Page 429
        FINANCIAL STATEMENTS 2024


                                         PT BANK MANDIRI (PERSERO) Tbk.                                                                                                        PT BANK MANDIRI (PERSERO) Tbk.
                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                              DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED                 CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS               KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                     31 DECEMBER 2024 AND 2023              31 DESEMBER 2024 DAN 2023                                                                       31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                    2.    MATERIAL ACCOUNTING POLICY INFORMATION                          3.   PENGGUNAAN ESTIMASI DAN PERTIMBANGAN                        3.     USE OF CRITICAL ACCOUNTING ESTIMATES AND
     (lanjutan)                                                      (continued)                                                          AKUNTANSI YANG PENTING (lanjutan)                                  JUDGEMENTS (continued)

     an. Penggabungan usaha entitas sepengendali                     an. Business combination of common control                           Sumber utama ketidakpastian estimasi                               Key sources of estimation uncertainty
         (lanjutan)                                                      entities (continued)
                                                                                                                                          a.   Cadangan kerugian penurunan nilai aset                        a.   Allowances for impairment losses of financial
         Pada informasi keuangan Entitas Induk, Bank                      In the Parent Entity financial information, the Bank                 keuangan                                                           assets
         membukukan nilai investasi di entitas baru                       records its investment value in the new entity at
         menggunakan nilai terdahulu, di mana investasi                   cost using the predecessor value, where the                          Evaluasi atas kerugian penurunan nilai aset                        Evaluation of impairment losses on financial
         dibukukan sebesar nilai buku.                                    investment is recorded at book value.                                keuangan yang dicatat pada biaya perolehan                         assets which is recognised at amortised cost and
                                                                                                                                               diamortisasi dan efek utang yang diklasifikasikan                  debt securities classified as fair value through
     ao. Aset dan liabilitas tidak lancar (atau kelompok             ao. Non-current assets and liabilities (or disposal                       sebagai nilai wajar melalui pendapatan                             other comprehensive income are described in
         lepasan) dikuasai untuk dijual                                  group) held for sale                                                  komprehensif lain dijelaskan di Catatan 2c.                        Note 2c.
         Aset tidak lancar (atau kelompok lepasan) yang                   Non-current assets (or disposal groups) held for                     Cadangan kerugian penurunan nilai terkait                          Allowance for impairment losses related to a
         dikuasai untuk dijual merupakan aset yang nilai                  sale are assets whose carrying amount will be                        dengan pihak lawan spesifik dalam seluruh                          specific counterparty as part of the entire
         tercatatnya akan dipulihkan terutama melalui                     recovered primarily through a sale transaction                       cadangan kerugian penurunan nilai dibentuk atas                    allowance for impairment losses are established
         transaksi penjualan daripada penggunaan                          rather than through continued use in the business,
         berlanjut dalam bisnis dan penjualannya sangat                   and their sale is highly probable. These assets are                  tagihan yang penurunan nilainya dievaluasi                         for receivables that are individually evaluated for
         mungkin terjadi. Aset ini dicatat pada nilai yang                recorded at the lower of carrying amount and fair                    secara individual berdasarkan estimasi terbaik                     impairment based on management's best estimate
         lebih rendah antara jumlah tercatat dan nilai                    value, with fewer costs to sell, except for assets                   manajemen atas nilai tunai arus kas yang                           of the present value of cash flows expected to be
         wajar setelah dikurangi biaya untuk menjual,                     such as deferred tax assets, assets related to                       diharapkan akan diterima. Dalam menghitung                         received. In calculating the allowance for
         kecuali untuk aset-aset seperti aset pajak                       employee benefits, and financial assets, which are                   cadangan kerugian penurunan nilai, manajemen                       impairment     losses,     management        makes
         tangguhan, aset yang terkait dengan imbalan                      specifically exempted.                                               membuat pertimbangan mengenai kondisi                              judgements regarding of the financial condition of
         kerja, dan aset keuangan, yang secara khusus                                                                                          keuangan dari pihak lawan dan nilai neto yang                      the counterparty and the net realizable value of the
         dikecualikan.                                                                                                                         dapat direalisasi dari agunan yang diterima.                       collateral received. Each impaired asset is
                                                                                                                                               Setiap aset yang mengalami penurunan nilai                         evaluated, and its settlement strategy and
         Aset tidak lancar (atau kelompok lepasan) yang                   Non-current assets (or disposal groups) held for                     dievaluasi dan strategi penyelesaiannya serta                      estimation of cash flows considered recoverable
         dikuasai untuk dijual tidak dilakukan penyusutan                 sale are not depreciated or amortised while                          estimasi arus kas yang dinilai dapat diperoleh                     are independently approved by the Credit Risk
         dan amortisasi selama diklasifikasikan sebagai                   classified as held for sale. Impairment losses on                    kembali dan disetujui secara independen oleh                       Management Unit.
         aset tidak lancar yang dikuasai untuk dijual.                    non-current assets (or disposal groups) held for                     Credit Risk Management Unit.
         Kerugian penurunan nilai atas aset tidak lancar                  sale are recognised in the income statement as the
         (atau kelompok lepasan) yang dikuasai untuk                      difference between the carrying amount and the                       Evaluasi cadangan kerugian penurunan nilai                         Collectively assessed impairment allowances
         dijual diakui pada laba rugi sebesar selisih antara              fair value less costs to sell. Gains on the difference               secara kolektif meliputi kerugian kredit yang                      cover credit losses inherent in portfolios with
         nilai tercatat dengan nilai wajar setelah dikurangi              between the carrying amount and the fair value,                      melekat pada portofolio tagihan dengan                             similar economic characteristics when there is a
         dengan biaya untuk menjual. Keuntungan selisih                   less costs to sell, are recognised in the income                     karakteristik ekonomi yang serupa ketika terdapat                  significant increase in credit risk or objective
         antara nilai tercatat dengan nilai wajar setelah                 statement up to the amount of any previously                         kenaikan risiko kredit yang signifikan atau                        evidence to suggest the impairments are exist
         dikurangi biaya untuk menjual diakui pada laba                   recognised impairment loss.                                          terdapat bukti objektif bahwa telah terjadi                        within the portfolio, but the individual impaired
         rugi maksimal sebesar akumulasi rugi penurunan                                                                                        penurunan nilai tagihan dalam portofolio                           items cannot yet be identified. In determining the
         nilai yang telah diakui sebelumnya.                                                                                                   tersebut, namun penurunan nilai secara individu                    need to establish allowance for collective
                                                                                                                                               belum dapat diidentifikasi. Dalam menentukan                       impairment, management considers factors such
         Aset tidak lancar (atau kelompok lepasan) yang                   Non-current assets (or disposal groups) held for                     perlunya untuk membentuk cadangan kerugian                         as credit quality, size of portfolio, credit
         dikuasai untuk dijual disajikan secara terpisah                  sale are presented separately from other assets in                   penurunan nilai secara kolektif, manajemen                         concentrations, and economic factors. In
         dari aset lainnya dalam laporan posisi keuangan.                 the statement of financial position, and liabilities (or             mempertimbangkan faktor-faktor seperti kualitas                    estimating     the   required    allowance,    the
         Liabilitas (atau kelompok lepasan) yang dikuasai                 disposal groups) held for sale are presented                         kredit, besarnya portofolio, konsentrasi kredit dan                assumptions made to determine expected default
         untuk dijual disajikan secara terpisah dari                      separately from other liabilities in the statement of                faktor-faktor ekonomi. Dalam mengestimasi                          and loss model and to determine the required input
         liabilitas lainnya dalam laporan posisi keuangan.                financial position.                                                  cadangan yang dibutuhkan, asumsi-asumsi                            parameters which are based on historical
                                                                                                                                               dibuat untuk menentukan model kerugian                             experience and estimated future economic
3.   PENGGUNAAN ESTIMASI DAN PERTIMBANGAN                      3.     USE OF CRITICAL ACCOUNTING ESTIMATES AND                                 ekspektasian dan untuk menentukan parameter                        conditions (forecasting). The accuracy of this
     AKUNTANSI YANG PENTING                                           JUDGEMENTS                                                               input yang diperlukan, berdasarkan pengalaman                      allowance depends on how precise the estimated
                                                                                                                                               historis, kondisi ekonomi saat ini, dan prakiraan                  future cash flows to determine the individual
     Beberapa estimasi dan asumsi dibuat dalam rangka                 Several estimates and assumptions are created in the                     kondisi     ekonomi     di    masa     mendatang                   allowance and the model assumptions and
     penyusunan laporan keuangan konsolidasian dimana                 preparation of the consolidated financial statements in                  (forecasting). Ketepatan dari cadangan ini                         parameters used in determining collective
     dibutuhkan       pertimbangan manajemen    dalam                 which management judgment is required in                                 bergantung pada seberapa tepat estimasi arus                       allowance.
     menentukan metodologi yang tepat untuk penilaian                 determining the methodology in the valuation of assets                   kas masa depan untuk menentukan cadangan
     aset dan liabilitas.                                             and liabilities.                                                         individual serta asumsi model dan parameter
                                                                                                                                               yang digunakan dalam penentuan cadangan
     Manajemen membuat estimasi dan asumsi yang                       Management makes estimation and assumptions that                         kolektif.
     berimplikasi pada pelaporan nilai aset dan liabilitas            affect the reported amounts of assets and liabilities
     atas tahun keuangan satu tahun ke depan. Semua                   within the one next financial year. All estimation and              b.   Menentukan nilai wajar instrumen keuangan                     b. Determining fair values of financial instruments
     estimasi dan asumsi yang diharuskan oleh Standar                 assumptions required in conformity with Statement of
     Akuntansi Keuangan di Indonesia adalah estimasi                  Financial Accounting Standard are the best estimation                    Dalam menentukan nilai wajar aset dan liabilitas                   In determining the fair value for financial assets
     terbaik serta berdasarkan pada standar yang berlaku.             undertaken in accordance with the applicable                             keuangan yang tidak mempunyai harga pasar,                         and financial liabilities for which there is no
     Estimasi dan pertimbangan dievaluasi secara terus                standards. Estimation and judgements are evaluated                       Grup menggunakan teknik penilaian seperti yang                     observable market price, the Group uses the
     menerus dan berdasarkan pengalaman masa lalu dan                 on a continuous basis, and are based on past                             dijelaskan dalam Catatan 2c untuk instrumen                        valuation techniques as described in Note 2c for
     faktor-faktor lain termasuk harapan atas kejadian                experience and other factors, including expectations                     keuangan yang tidak diperdagangkan secara                          financial instruments that are traded infrequently
     yang akan datang.                                                with regard to future events.                                            aktif dan memiliki informasi harga yang terbatas,                  and have limited pricing information, fair value is
                                                                                                                                               nilai   wajar   yang     kurang    objektif  dan                   less objective and requires varying degrees of
     Walaupun estimasi dan asumsi ini dibuat berdasarkan              Although these estimates and assumptions are based                       membutuhkan       berbagai    tingkat   penilaian                  judgement depending on liquidity, concentration,
     pengetahuan terbaik manajemen atas kejadian dan                  on management’s best knowledge of current events                         tergantung pada likuiditas, konsentrasi, faktor                    uncertainty of market factors, pricing assumptions
     tindakan saat ini, hasil yang timbul mungkin berbeda             and activities, actual results may differ from those                     ketidakpastian pasar, asumsi harga dan risiko                      and other risks.
     dengan estimasi dan asumsi semula.                               estimates and assumptions.                                               lainnya.



                                                                    135                                                                                                                                    136
PT BANK MANDIRI (PERSERO) TBK                         1414                                                                                                                                           1415                                       ANNUAL REPORT 2024
Page 430
          FINANCIAL STATEMENTS 2024


                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                                       PT BANK MANDIRI (PERSERO) Tbk.
                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                             DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED                CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                        FINANCIAL STATEMENTS              KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                        31 DECEMBER 2024 AND 2023             31 DESEMBER 2024 DAN 2023                                                                       31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)      (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)


3.   PENGGUNAAN ESTIMASI DAN PERTIMBANGAN                         3.     USE OF CRITICAL ACCOUNTING ESTIMATES AND                      3.   PENGGUNAAN ESTIMASI DAN PERTIMBANGAN                        3.     USE OF CRITICAL ACCOUNTING ESTIMATES AND
     AKUNTANSI YANG PENTING (lanjutan)                                   JUDGEMENTS (continued)                                             AKUNTANSI YANG PENTING (lanjutan)                                  JUDGEMENTS (continued)

                                                                                                                                            Sumber utama ketidakpastian estimasi (lanjutan)                    Key sources of estimation uncertainty (continued)
     Sumber utama ketidakpastian estimasi (lanjutan)                     Key sources of estimation uncertainty (continued)
                                                                                                                                            f.   Penyusutan dan estimasi umur manfaat aset                     f.   Depreciation and estimated useful life of fixed
     c.    Imbalan pensiun                                               c.   Pension benefits                                                   tetap                                                              assets

           Program-program           pensiun        ditentukan                Pension programs are determined based on                           Biaya perolehan aset tetap disusutkan dengan                       Cost of acquisition of fixed assets are depreciated
           berdasarkan       perhitungan     dari     aktuaria.               actuarial valuation. The actuarial valuation uses                  menggunakan metode garis lurus berdasarkan                         using the straight-line method based on their
           Perhitungan aktuaria menggunakan asumsi-                           assumptions such as discount rate, expected rate                   taksiran    masa     manfaat    ekonomisnya.                       estimated    economic       useful    life.  Bank’s
           asumsi seperti tingkat diskonto, tingkat                           of return on investments, future salary increases,                 Manajemen Bank mengestimasi masa manfaat                           management estimates the useful lives of the fixed
                                                                                                                                                 ekonomis aset tetap antara 4 (empat) sampai                        assets between 4 (four) to 20 (twenty) years.
           pengembalian investasi, tingkat kenaikan gaji,                     mortality rate, resignation rate and others (refer to
                                                                                                                                                 dengan 20 (dua puluh) tahun.
           tingkat kematian, tingkat pengunduran diri dan                     Note 2ai and 51). Any changes in those
           lain-lain (Catatan 2ai dan 51). Perubahan asumsi                   assumptions will impact the liability balance of                   Perubahan        tingkat pemakaian         dan                     Changes in the level of usage and technological
           ini akan mempengaruhi nilai liabilitas pensiun.                    employee benefit obligations.                                      perkembangan teknologi dapat mempengaruhi                          developments could affect the economic useful
                                                                                                                                                 masa manfaat ekonomis dan nilai sisa aset, dan                     lives and residual value of assets, and therefore
           Grup menentukan tingkat diskonto yang sesuai                       The Group determines the appropriate discount                      karenanya biaya penyusutan masa depan                              future depreciation charges may be revised.
           pada akhir periode pelaporan, yakni zero coupon                    rate at the end of each year, which is the zero                    mungkin direvisi.
           bond yang digunakan untuk menentukan nilai kini                    coupon bond that used to determine the present
           arus kas keluar masa depan estimasian yang                         value of estimated future cash outflows expected                   Nilai tercatat atas aset tetap Bank diungkapkan                    The carrying value of the Bank’s fixed assets is
           diharapkan untuk menyelesaikan liabilitas                          to settle the pension obligations. In determining the              pada Catatan 18.                                                   disclosed in Note 18.
           pensiun. Dalam menentukan tingkat suku bunga                       appropriate discount rate, the Group considers the
                                                                                                                                            g.   Penurunan nilai aset non-keuangan                             g.   Impairment of non-financial assets
           yang sesuai, Grup mempertimbangkan imbal                           government bonds’ yields denominated in currency
           hasil obligasi pemerintah yang didenominasikan                     and have similar period with payments that will be                 Bank Mandiri dan Entitas Anak mengevaluasi                         Bank Mandiri and its Subsidiaries assess
           dalam mata uang imbalan akan dibayar dan                           made and have terms to maturity approximating                      penurunan nilai aset non-keuangan apabila                          impairment of non-financial assets whenever there
           memiliki jangka waktu yang serupa dengan                           the terms of the related employee benefit liability.               terdapat kejadian atau perubahan keadaan yang                      are events or changes in circumstances indicate
           jangka waktu liabilitas pensiun yang terkait.                      Other key assumptions for pension obligations                      mengindikasikan bahwa nilai tercatat aset non-                     that the carrying value of non-financial assets
           Asumsi kunci liabilitas pensiun lainnya sebagian                   mostly are determined based on current market                      keuangan tidak dapat dipulihkan kembali. Faktor-                   cannot be recovered. Important factors that could
           ditentukan berdasarkan kondisi pasar saat ini.                     conditions.                                                        faktor penting yang dapat menyebabkan                              cause impairment of non-financial assets are as
                                                                                                                                                 penurunan nilai aset non-keuangan adalah                           follows:
                                                                                                                                                 sebagai berikut:
     d.    Liabilitas asuransi untuk kontrak asuransi                    d. Insurance liabilities on insurance contracts                         a) Performa yang tidak tercapai secara                             a)   Performance is not achieved significantly
                                                                                                                                                      signifikan terhadap ekspektasi historis atau                       against historical expectations or projected
           Liabilitas kepada pemegang polis (manfaat polis                    Liabilities to policyholders (future policy benefits                    proyeksi hasil operasi di masa yang akan                           operating results in the future;
           masa depan dari produk non-unit link dan                           from non-unit linked products and estimated claim                       datang;
           estimasi liabilitas klaim) Entitas Anak dicatat di                 liabilities) of Subsidiaries are recorded in the                   b) Perubahan yang signifikan dalam cara                            b)   A significant change in the way of the asset
           laporan posisi keuangan konsolidasian sebagai                      consolidated statement of financial position as part                    penggunaan aset atau strategi bisnis secara                        usage or the overall business strategy; and
           bagian dari “Liabilitas lain-lain” berdasarkan                     of "Other liabilities" based on actuarial calculations                  keseluruhan; dan
                                                                                                                                                 c) Industri atau tren ekonomi yang secara                          c)   Industry or economic trends are significantly
           perhitungan aktuaris dengan menggunakan                            using actuarial assumptions, which is the best
                                                                                                                                                      signifikan bernilai negatif.                                       negative.
           asumsi aktuarial yaitu asumsi estimasi terbaik                     estimate assumptions and margin for risk of
           dan marjin atas risiko pemburukan.                                 deterioration.                                                     Manajemen Bank dan Entitas Anak mengakui                           The Management of the Bank and its Subsidiaries
                                                                                                                                                 kerugian penurunan nilai apabila nilai tercatat                    recognise an impairment loss if the carrying
     e.    Aset pajak tangguhan                                          e.   Deferred tax assets                                                aset melebihi nilai terpulihkannya. Nilai                          amount of the asset exceeds its recoverable
                                                                                                                                                 terpulihkan adalah nilai yang lebih tinggi antara                  amount. Recoverable amount is the higher value
           Aset pajak tangguhan diakui atas seluruh                           Deferred tax assets are recognised for all                         nilai wajar dikurang biaya pelepasan dengan nilai                  between the fair value minus costs of disposal and
           perbedaan temporer yang dapat dikurangkan,                         deductible temporary differences, as long as                       pakai aset (atau unit penghasil kas). Nilai                        the value in use of the asset (or cash-generating
                                                                                                                                                 terpulihkan diestimasi untuk aset individual atau,                 unit). Recoverable amount is estimated for
           sepanjang besar kemungkinannya bahwa                               taxable income most likely will be available so that
                                                                                                                                                 jika tidak memungkinkan, untuk unit penghasil                      individual assets or, if not possible, for the cash-
           penghasilan kena pajak akan tersedia sehingga                      the temporary differences can be utilised.                         kas yang mana aset tersebut merupakan bagian                       generating unit in which the asset is part of the
           perbedaan temporer tersebut dapat digunakan.                       Significant estimation by management are required                  daripada unit tersebut.                                            unit.
           Estimasi signifikan oleh manajemen disyaratkan                     in determining the amount of deferred tax assets
           dalam menentukan jumlah aset pajak tangguhan                       that can be recognised, based on utilisation period           h.   Revaluasi atas nilai wajar tanah                             h.    Revaluations of land
           yang dapat diakui, berdasarkan saat penggunaan                     and the level of taxable income and future tax
           dan tingkat penghasilan kena pajak serta strategi                  planning strategies. The Bank does not consider                    Grup menggunakan spesialis penilai independen                      The Group engaged independent valuation
           perencanaan pajak masa depan. Bank tidak                           some of the benefits of deferred tax assets as                     untuk menilai nilai wajar atas tanah. Tanah dinilai                specialists to assess fair value of land. Lands were
           memperhitungkan sebagian manfaat aset pajak                        management believes that those part of deferred                    berdasarkan referensi atas bukti berdasarkan                       valued by reference to market-based evidence,
           tangguhan karena manajemen Bank berpendapat                        tax assets will not be recoverable in the future.                  pasar, menggunakan nilai yang dapat diukur                         using comparable prices adjusted for specific
                                                                                                                                                 setelah disesuaikan dengan faktor pasar spesifik                   market factors such as location and condition of
           bahwa aset pajak tangguhan tersebut tidak dapat
                                                                                                                                                 seperti lokasi dan kondisi dari tanah.                             land.
           terpulihkan di masa yang akan datang.



                                                                       137                                                                                                                                   138
PT BANK MANDIRI (PERSERO) TBK                            1416                                                                                                                                          1417                                       ANNUAL REPORT 2024
Page 431
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                   PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                         DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED               CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS             KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                   31 DECEMBER 2024 AND 2023            31 DESEMBER 2024 DAN 2023                                                                         31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)     (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)


3.   PENGGUNAAN ESTIMASI DAN PERTIMBANGAN                    3.     USE OF CRITICAL ACCOUNTING ESTIMATES AND                     3.   PENGGUNAAN ESTIMASI DAN PERTIMBANGAN                          3.     USE OF CRITICAL ACCOUNTING ESTIMATES AND
     AKUNTANSI YANG PENTING (lanjutan)                              JUDGEMENTS (continued)                                            AKUNTANSI YANG PENTING (lanjutan)                                    JUDGEMENTS (continued)

     Sumber utama ketidakpastian estimasi (lanjutan)                Key sources of estimation uncertainty (continued)                 Pertimbangan akuntansi yang penting (lanjutan)                      Significant accounting judgements (continued)

     i.    Menentukan jangka waktu kontrak dengan                  i.   Determine the contract term with options for                  b.   Klasifikasi aset dan liabilitas keuangan                       b.    Classification of financial assets and liabilities
           opsi perpanjangan dan penghentian kontrak -                  extension and termination of the contract - the
                                                                                                                                           Manajemen Bank dan Entitas Anak menetapkan                           The Management of the Bank and its Subsidiaries
           Grup sebagai penyewa                                         Group as lessee
                                                                                                                                           klasifikasi atas aset dan liabilitas tertentu sebagai                determine the classification of certain assets and
                                                                                                                                           aset keuangan dan liabilitas keuangan dengan                         liabilities as financial assets and financial liabilities
           Grup menentukan jangka waktu sewa sebagai                    The Group determines the lease term as the term
                                                                                                                                           mempertimbangkan bila definisi yang ditetapkan                       by considering whether the definitions set under
           jangka waktu sewa yang tidak dapat dibatalkan,               of the lease that cannot be canceled, together with                PSAK No. 109 telah dipenuhi sejak 1 Januari                          SFAS No. 109 have been fulfilled since 1 January
           bersama dengan periode yang dicakup oleh opsi                the period covered based on the option to extend                   2020. Dengan demikian, aset keuangan dan                             2020. Accordingly, financial assets and financial
           untuk memperpanjang masa sewa jika dipastikan                the lease if it is determined to be exercised, or any              liabilitas keuangan diakui sesuai dengan                             liabilities are recognised in accordance with the
           akan dilaksanakan, atau periode apa pun yang                 period covered by the option to terminate the                      kebijakan akuntansi Bank dan Entitas Anak                            accounting policy of the Bank and its Subsidiaries
           dicakup oleh opsi untuk menghentikan sewa, jika              lease, if it is reasonably not to do so.                           seperti diungkapkan pada Catatan 2.c.f.                              as disclosed in Note 2.c.f.
           cukup wajar untuk tidak dilakukan.

           Grup memiliki beberapa kontrak sewa yang                     The Group has several lease contracts that include       4.   GIRO PADA BANK INDONESIA                                      4.     CURRENT ACCOUNTS WITH BANK INDONESIA
           mencakup opsi perpanjangan dan penghentian                   options for extension and termination of the lease
           jangka waktu sewa. Grup menerapkan penilaian                 terms. The Group applies its judgment in                                                                          2024                    2023
           dalam mengevaluasi apakah dapat dipastikan                   evaluating whether it is certain to exercise the
           jika     akan    menggunakan     opsi    untuk               option to extend or terminate the lease. This is              Rupiah                                              91.407.695               95.824.700                                 Rupiah
           memperpanjang atau menghentikan sewa. Hal                    done by considering all relevant facts and                    Dolar Amerika Serikat                                                                                       United States Dollar
           tersebut dilakukan dengan mempertimbangkan                   circumstances that provide economic incentives to               (Catatan 62.B.(iv))                               13.738.349               12.780.622                      (Note 62.B.(iv))
           seluruh fakta dan keadaan yang relevan yang                  extend or terminate the lease. After the
           memberikan insentif ekonomi untuk melakukan                  commencement date, the Group reassesses the                   Total                                              105.146.044             108.605.322                                       Total
           perpanjangan atau penghentian sewa. Setelah                  lease term, if there is a significant event or change
           tanggal dimulainya, Grup menilai kembali masa                in circumstances which is under its control and
           sewa, jika terdapat peristiwa atau perubahan                 affects whether the lessee is certain enough to
                                                                                                                                 5.   GIRO PADA BANK LAIN                                           5.     CURRENT ACCOUNTS WITH OTHER BANKS
           signifikan dalam keadaan yang berada dalam                   exercise the option to extend or terminate the
           kendali dan mempengaruhi apakah penyewa                      lease.                                                        a.   Berdasarkan mata uang, pihak berelasi dan pihak                 a.   By currency, related parties and third parties:
           cukup      pasti  untuk  mengeksekusi     opsi                                                                                  ketiga:
           memperpanjang atau menghentikan sewa.
                                                                                                                                                                                          2024                    2023
     Pertimbangan akuntansi yang penting                           Significant accounting judgements
                                                                                                                                           Rupiah                                                                                                             Rupiah
     Pertimbangan akuntansi yang penting dalam                     Accounting judgements that are important in applying                      Pihak berelasi (Catatan 56)                      116.554                  58.804            Related parties (Note 56)
     menerapkan kebijakan akuntansi Bank dan Entitas               accounting policies of the Bank and its Subsidiaries                      Pihak ketiga                                     287.836                 799.949                         Third parties
     Anak meliputi:                                                include:
                                                                                                                                           Total                                              404.390                 858.753                                     Total
     a.    Usaha yang berkelanjutan                                a.   Going concern
                                                                                                                                           Mata uang asing                                                                                       Foreign currencies
           Manajemen Bank dan Entitas Anak telah                        The Management of the Bank and its Subsidiaries                     Pihak berelasi (Catatan 56)                        77.857                402.293             Related parties (Note 56)
           melakukan penilaian atas kemampuan Bank dan                  have assessed the ability of the Bank and its                       Pihak ketiga                                   46.186.192             35.345.044                          Third parties
           Entitas Anak untuk melanjutkan kelangsungan                  Subsidiaries to continue its business and believes
                                                                                                                                           Total (Catatan 62.B.(iv))                       46.264.049             35.747.337                    Total (Note 62.B.(iv))
           usahanya dan berkeyakinan bahwa Bank dan                     that the Bank and Subsidiaries have the resources
           Entitas Anak memiliki sumber daya untuk                      to continue their business in the future. In addition,
                                                                                                                                                                                          46.668.439              36.606.090
           melanjutkan usahanya di masa mendatang.                      management is not aware of any material
                                                                                                                                           Dikurangi: cadangan kerugian                                                                          Less: allowance for
           Selain itu, manajemen tidak mengetahui adanya                uncertainties that may cause significant doubt on                    penurunan nilai                                   (30.755)               (32.205)                  impairment losses
           ketidakpastian material yang dapat menimbulkan               the ability of the Bank and Subsidiaries to maintain
           keraguan yang signifikan terhadap kemampuan                  its viability. Therefore, the consolidated financial               Neto                                            46.637.684             36.573.885                                       Net
           Bank dan Entitas Anak untuk mempertahankan                   statements have been prepared on the basis of a
           kelangsungan hidupnya. Oleh karena itu, laporan              going concern.
           keuangan konsolidasian telah disusun atas dasar                                                                                 Termasuk dalam mata uang asing adalah                                Included in foreign currencies are mainly Great
           usaha yang berkelanjutan.                                                                                                       terutama mata uang Pound Sterling Inggris, Dolar                     Britain Pound Sterling, United States Dollar,
                                                                                                                                           Amerika Serikat, Euro Eropa, Yen Jepang, Dolar                       European Euro, Japanese Yen, Australian Dollar,
                                                                                                                                           Australia, Dolar Hong Kong, Yuan China dan                           Hong Kong Dollar, Chinese Yuan and Singapore
                                                                                                                                           Dolar Singapura.                                                     Dollar.



                                                                  139                                                                                                                                    140
PT BANK MANDIRI (PERSERO) TBK                        1418                                                                                                                                          1419                                          ANNUAL REPORT 2024
Page 432
          FINANCIAL STATEMENTS 2024


                                                   PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                         PT BANK MANDIRI (PERSERO) Tbk.
                                              DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                               DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                   NOTES TO THE CONSOLIDATED                                          CATATAN ATAS LAPORAN KEUANGAN                                                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                          FINANCIAL STATEMENTS                                        KONSOLIDASIAN                                                                                                             FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                          31 DECEMBER 2024 AND 2023                                       31 DESEMBER 2024 DAN 2023                                                                                             31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                 (Expressed in millions of Rupiah, unless otherwise stated)                                (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                    (Expressed in millions of Rupiah, unless otherwise stated)

5.   GIRO PADA BANK LAIN (lanjutan)                                                 5.     CURRENT ACCOUNTS                                 WITH         OTHER        BANKS        5.   GIRO PADA BANK LAIN (lanjutan)                                                    5.     CURRENT ACCOUNTS                                 WITH         OTHER           BANKS
                                                                                           (continued)                                                                                                                                                                           (continued)

     a.    Berdasarkan mata uang, pihak berelasi dan pihak                                 a.       By currency, related parties and third parties                                      c.   Mutasi cadangan kerugian penurunan nilai giro                                       c.      Movements of allowance for impairment losses on
           ketiga (lanjutan):                                                                       (continued):                                                                             pada bank lain:                                                                             current accounts with other banks are as follows:

                                                                                                                                                                                                                                                              2024                              2023
           Berikut adalah perubahan giro pada bank lain                                            Movements of current accounts with other banks
           dengan klasifikasi biaya perolehan diamortisasi                                         classified as amortised cost for the period and year
           untuk tahun yang berakhir pada tanggal                                                  ended 31 December 2024 and 2023 are as                                                    Saldo awal tahun                                                        32.205                           20.285                                 Beginning balance
           31 Desember 2024 dan 2023:                                                              follows:                                                                                  (Pembalikan)/pembentukan                                                                                                                      (Reversal)/allowance
                                                                                                                                                                                               selama tahun                                                                                                                                  during the year
                                                                                           2024                                                                                                berjalan (Catatan 46)                                                 (2.674 )                         11.800                                       (Note 46)
                                                                                                                                                                                             Lain-lain*)                                                              1.224                              120                                             Others*)
                                                                                                                 Syariah / *)

                                               Stage 1            Stage 2                Stage 3                  Sharia*)                 Total
                                                                                                                                                                                             Saldo akhir tahun                                                       30.755                           32.205                                         Ending balance
           Saldo awal tahun                    34.603.165                       -                         -          2.002.925             36.606.090          Beginning balance
                                                                                                                                                                                             *)    Termasuk selisih kurs karena penjabaran mata uang asing.                              *)     Included effect of foreign currencies translation.
           Pengukuran kembali bersih                                                                                                                      Remeasurement of
             nilai tercatat**)                  9.886.963                       -                         -           (585.425)             9.301.538 net carrying amount**)                                                                                                     2024
           Aset keuangan baru                                                                                                                           New financial assets
                                                                                                                                                                                                                                                                                                       Syariah*)/               Jumlah/
             yang diterbitkan atau                                                                                                                             originated or
                                                                                                                                                                                                                                      Stage 1             Stage 2              Stage 3                  Sharia*)                 Total
             dibeli                               936.066                       -                         -            115.510              1.051.576            purchased
           Aset keuangan yang                                                                                                                                Financial assets
             dihentikan pengakuannya             (330.333)                      -                         -             (86.982)             (417.315)        derecognised                   Saldo awal tahun                              11.461                    -                          -              20.744                 32.205           Beginning balance

                                                                                                                                                                                             Pengukuran kembali bersih                                                                                                                         Net remeasurement of
           Total penambahan/(penurunan)                                                                                                              Total increase/(decrease)                 penyisihan kerugian                          3.833                    -                          -               (6.998)                (3.165)    losses allowance
              tahun berjalan                   10.492.696                       -                         -           (556.897)             9.935.799      during the period                 Aset keuangan baru                                                                                                                                 New financial assets
                                                                                                                                                                                               yang diterbitkan atau                                                                                                                                   originated or
           Lain-lain***)                          149.620                       -                         -            (23.070)               126.550                Others***)
                                                                                                                                                                                               dibeli                                         585                    -                          -                      -                  585            purchased
                                                                                                                                                                                             Aset keuangan yang                                                                                                                                      Financial assets
           Saldo akhir tahun                   45.245.481                       -                         -          1.422.958             46.668.439           Ending balance                 dihentikan pengakuannya                         (94)                  -                          -                      -                  (94)        derecognised

                                                                                                                                                                                             Total pembentukan/(pembalikan)                                                                                                                   Total allowance/(reversal)
           *)   Tidak menerapkan PSAK No. 109.                                                     *)     Not implement SFAS No. 109.                                                           tahun berjalan                              4.324                    -                          -               (6.998)                (2.674)     during the period
           **)  Termasuk di dalam pengukuran kembali bersih adalah pembayaran                      **)    Including in the net remeasurement is repayment.
                kembali.
                                                                                                                                                                                             Lain-lain**)                                     161                    -                          -                1.063                  1.224                Others**)
           ***) Termasuk selisih kurs karena penjabaran mata uang asing.                           ***)   Included effect of foreign currencies translation.
                                                                                                                                                                                             Saldo akhir tahun                             15.946                    -                          -              14.809                 30.755            Ending balance
                                                                                           2023
                                                                                                                 Syariah*)/                                                                                                                                                      2023
                                               Stage 1            Stage 2                Stage 3                  Sharia*)                 Total                                                                                                                                                       Syariah*)/               Jumlah/
                                                                                                                                                                                                                                      Stage 1             Stage 2              Stage 3                  Sharia*)                 Total
           Saldo awal tahun                    47.024.265                       -                         -            785.720             47.809.985          Beginning balance
                                                                                                                                                                                             Saldo awal tahun                              11.611                    -                          -               8.674                 20.285          Beginning balance
           Pengukuran kembali bersih                                                                                                                      Remeasurement of
             nilai tercatat**)                (12.846.864)                      -                         -          1.226.452            (11.620.412) net carrying amount**)                Pengukuran kembali bersih                                                                                                                         Net remeasurement of
           Aset keuangan baru                                                                                                                           New financial assets                   penyisihan kerugian**)                        (129)                   -                          -              11.528                 11.399     losses allowance**)
             yang diterbitkan atau                                                                                                                             originated or                 Aset keuangan baru                                                                                                                                 New financial assets
             dibeli                               994.542                       -                         -              12.184             1.006.726             purchased                    yang diterbitkan atau                                                                                                                                   originated or
           Aset keuangan yang                                                                                                                                Financial assets                  dibeli                                         502                    -                          -                      -                  502            purchased
             dihentikan pengakuannya             (163.796)                      -                         -              (9.706)             (173.502)        derecognised                   Aset keuangan yang                                                                                                                                      Financial assets
                                                                                                                                                                                               dihentikan pengakuannya                       (101)                   -                          -                      -                 (101)        derecognised

                                                                                                                                                                                             Total pembentukan                                                                                                                                          Total allowance
           Total penambahan/(penurunan)                                                                                                             Total increase/(decrease)                   tahun berjalan                                272                    -                          -              11.528                 11.800            during the year
              tahun berjalan                  (12.016.118)                      -                         -          1.228.930            (10.787.188)       during the year                 Lain-lain***)                                   (422)                   -                          -                 542                    120                     Others***)
           Lain-lain***)                         (404.982)                      -                         -            (11.725)              (416.707)               Others***)
                                                                                                                                                                                             Saldo akhir tahun                             11.461                    -                          -              20.744                 32.205            Ending balance
           Saldo akhir tahun                   34.603.165                       -                         -          2.002.925             36.606.090           Ending balance
                                                                                                                                                                                             *)   Tidak menerapkan PSAK No. 109.                                                         *)     Not implement SFAS No. 109.
           *)   Tidak menerapkan PSAK No. 109.                                                     *)     Not implement SFAS No. 109.
                                                                                                                                                                                             **)  Termasuk di dalam pengukuran kembali bersih penyisihan kerugian,                       **)    Including in the net remeasurement of losses allowance is repayment.
           **) Termasuk di dalam pengukuran kembali bersih adalah pembayaran                       **)    Including in the net remeasurement is repayment.                                        adalah pembayaran kembali.
                                                                                                                                                                                             ***) Termasuk selisih kurs karena penjabaran mata uang asing.                               ***)   Included effect of foreign currencies translation.
                kembali.
           ***) Termasuk selisih kurs karena penjabaran mata uang asing.                           ***)   Included effect of foreign currencies translation.
                                                                                                                                                                                             Manajemen       berpendapat bahwa     jumlah                                                Management believes that the allowance for
     b.    Tingkat suku bunga rata-rata (yield) per tahun:                                 b.      The average interest rate (yield) per annum:                                              cadangan kerugian penurunan nilai giro pada                                                 impairment losses on current accounts with other
                                                                                                                                                                                             bank lain telah memadai.                                                                    banks is adequate.
                                                                      2024                                2023
                                                                                                                                                                                        d.   Informasi mengenai pengelompokan berdasarkan                                        d.      Information in respect of classification of
                                                                                                                                                                                             kelompok “tidak mengalami penurunan nilai” dan                                              “non-impaired” and “impaired” from sharia
           Rupiah                                                               0,97%                            3,62%                                      Rupiah                           “mengalami penurunan nilai” untuk aset                                                      Subsidiary are disclosed in Note 62A.
           Mata uang asing (disetarakan                                                                                              Foreign currencies (equivalent                          keuangan dari Entitas Anak syariah diungkapkan
             dalam Rupiah)                                                      2,34%                            2,67%                                in Rupiah)                             pada Catatan 62A.




                                                                                         141                                                                                                                                                                                   142
PT BANK MANDIRI (PERSERO) TBK                                        1420                                                                                                                                                                                                1421                                                              ANNUAL REPORT 2024
Page 433
          FINANCIAL STATEMENTS 2024


                                               PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                       PT BANK MANDIRI (PERSERO) Tbk.
                                          DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                             DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED                      CATATAN ATAS LAPORAN KEUANGAN                                                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                           FINANCIAL STATEMENTS                    KONSOLIDASIAN                                                                                                           FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                           31 DECEMBER 2024 AND 2023                   31 DESEMBER 2024 DAN 2023                                                                                           31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                  (Expressed in millions of Rupiah, unless otherwise stated)            (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                  (Expressed in millions of Rupiah, unless otherwise stated)

5.   GIRO PADA BANK LAIN (lanjutan)                                  5.     CURRENT ACCOUNTS                  WITH    OTHER       BANKS         6.   PENEMPATAN PADA BANK INDONESIA DAN                                              6.     PLACEMENTS WITH BANK                                       INDONESIA           AND
                                                                            (continued)
                                                                                                                                                     BANK LAIN (lanjutan)                                                                   OTHER BANKS (continued)
     e.    Berdasarkan kolektibilitas sesuai POJK:                          e.     By collectability based on FSA regulation:
                                                                                                                                                     a.   Berdasarkan jenis, mata uang, dan jatuh tempo                                     a.      By type, currency, and maturity (continued):
           Kolektibilitas giro pada bank lain sesuai POJK                          Collectability of current accounts with other banks                    (lanjutan):
           diungkapkan pada Catatan 65.                                            in accordance with FSA regulation are disclosed in
                                                                                   Note 65.
                                                                                                                                                          Berikut adalah perubahan penempatan pada                                                  Movements of placement with other banks
                                                                                                                                                          bank lain dengan klasifikasi biaya perolehan                                              classified as amortised cost for the period and year
6.   PENEMPATAN PADA BANK INDONESIA DAN                              6.     PLACEMENTS WITH                BANK      INDONESIA        AND                 diamortisasi untuk tahun yang berakhir pada                                               ended 31 December 2024 and 2023 are as follows:
     BANK LAIN                                                              OTHER BANKS                                                                   tanggal 31 Desember 2024 dan 2023:

     a.    Berdasarkan jenis, mata uang, dan jatuh tempo:                   a.     By type, currency, and maturity:                                                                                                                         2024

                                                                                                                                                                                                                                                                  Syariah/
                                               Jatuh tempo/
                                                                                                                                                                                                Stage 1           Stage 2                 Stage 3                  Sharia                  Total
                                                 Maturity                  2024                2023

                                                                                                                                                          Saldo awal tahun                      58.533.272                      -                         -        15.354.886              73.888.158          Beginning balance
           Rupiah                                                                                                                   Rupiah
           Bank Indonesia                      < 1 bulan/month             30.179.682         29.985.352                    Bank Indonesia                Pengukuran kembali bersih                                                                                                                   Remeasurement of net
           Call money                          < 1 bulan/month                125.000          1.155.000                        Call money                  nilai tercatat                (3.612.443)                           -                         -                     -          (3.612.443)    carrying amount
           Penempatan “fixed-term”          ≥ 12 bulan ≤ 36 bulan/                                                    Fixed term placement                Aset keuangan baru                                                                                                                            New financial assets
                                          ≥ 12 months ≤ 36 months             440.848            312.102                                                    yang diterbitkan atau                                                                                                                             originated or
           Deposito berjangka                  < 1 bulan/month              1.107.060          1.913.314                      Time deposits                 dibeli                       102.202.686                            -                         -        85.652.975            187.855.661            purchased
                                             ≥ 1 bulan ≤ 3 bulan/                                                                                         Aset keuangan yang dihentikan                                                                                                                    Financial assets
                                            ≥ 1 month ≤ 3 months                 522.093         430.895                                                    pengakuannya                (147.201.855)                           -                         -       (49.625.000)          (196.826.855)       derecognised
                                             > 3 bulan ≤ 6 bulan/
                                           > 3 months ≤ 6 months                 159.000          49.400                                                  Total penurunan                                                                                                                                        Total decrease
                                            > 6 bulan ≤ 12 bulan/                                                                                            tahun berjalan                    (48.611.612)                     -                         -        36.027.975             (12.583.637)          during the year
                                          > 6 months ≤ 12 months                   2.700          33.500                                                  Lain-lain**)                           2.438.230                      -                         -          (512.697)              1.925.533                    Others**)


           Jumlah                                                          32.536.383         33.879.563                               Total              Saldo akhir tahun                     12.359.890                      -                         -        50.870.164              63.230.054           Ending balance


                                                                                                                                                          *)    Termasuk di dalam pengukuran kembali bersih adalah pembayaran                       *)    Including in the net remeasurement is repayment.
           Mata uang asing                                                                                             Foreign currencies                       kembali.
           Bank Indonesia                      < 1 bulan/month             19.394.475         25.482.035                    Bank Indonesia                **)   Termasuk selisih kurs karena penjabaran mata uang asing.                            **)   Included effect of foreign currencies translation.
           Call money                          < 1 bulan/month              5.588.293          1.154.775                        Call money
           Penempatan “fixed-term”             < 1 bulan/month              2.307.586          6.787.585              Fixed term placement                                                                                                  2023
                                             > 1 bulan ≤ 3 bulan/
                                                                                                                                                                                                                                                                  Syariah/
                                            > 1 month ≤ 3 months                 269.230       4.375.738
                                                                                                                                                                                                Stage 1           Stage 2                 Stage 3                  Sharia                  Total
                                             > 1 bulan < 3 bulan/
                                            > 1 month < 3 months                       -         135.276
                                             > 3 bulan < 6 bulan/                                                                                         Saldo awal tahun                      83.658.874                      -                         -        11.665.238              95.324.112          Beginning balance
                                           > 3 months < 6 months                       -         130.203
                                           > 12 bulan ≤ 36 bulan/                                                                                         Pengukuran kembali bersih                                                                                                                   Remeasurement of net
                                          > 12 months ≤ 36 months           1.506.854            622.602                                                    nilai tercatat*)              (2.645.636)                           -                         -                     -          (2.645.636)   carrying amount*)
                                          > 36 bulan/ > 36 months             408.334            265.924                                                  Aset keuangan baru                                                                                                                           New financial assets
           Deposito berjangka                  < 1 bulan/month              1.194.973          1.031.032                      Time deposits                 yang diterbitkan atau                                                                                                                             originated or
                                                                                                                                                            dibeli                       152.441.901                            -                         -        38.528.523            190.970.424            purchased
                                             > 3 bulan ≤ 6 bulan/
                                                                                                                                                          Aset keuangan yang dihentikan                                                                                                                    Financial assets
                                           > 3 months ≤ 6 months                  11.963          11.712
                                                                                                                                                            pengakuannya                (174.017.173)                           -                         -       (34.494.835)          (208.512.008)        derecognised
                                            > 6 bulan ≤ 12 bulan/
                                          > 6 months ≤ 12 months                  11.963          11.712
                                                                                                                                                          Total penurunan                                                                                                                                        Total decrease
                                                                                                                                                             tahun berjalan                    (24.220.908)                     -                         -          4.033.688            (20.187.220)          during the year
           Jumlah (Catatan 62.B.(iv))                                      30.693.671         40.008.594               Total (Note 62.B.(iv))             Lain-lain**)                            (904.695)                     -                         -           (344.040)            (1.248.735)                  Others**)

                                                                           63.230.054         73.888.157                                                  Saldo akhir tahun                     58.533.271                      -                         -        15.354.886              73.888.157           Ending balance
           Dikurangi: cadangan                                                                                          Less: allowance for
               kerugian penurunan nilai                                           (1.679)             (957)          impairment losses
                                                                                                                                                          *)    Termasuk di dalam pengukuran kembali bersih adalah pembayaran                       *)    Including in the net remeasurement is repayment.
           Neto                                                            63.228.375         73.887.200                                 Net                    kembali.
                                                                                                                                                          **)   Termasuk selisih kurs karena penjabaran mata uang asing.                            **)   Included effect of foreign currencies translation.




                                                                          143                                                                                                                                                             144
PT BANK MANDIRI (PERSERO) TBK                               1422                                                                                                                                                                    1423                                                             ANNUAL REPORT 2024
Page 434
          FINANCIAL STATEMENTS 2024


                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                                    PT BANK MANDIRI (PERSERO) Tbk.
                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                          DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED                CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS              KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                       31 DECEMBER 2024 AND 2023             31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)      (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

6.   PENEMPATAN PADA BANK INDONESIA DAN                         6.      PLACEMENTS WITH BANK                 INDONESIA      AND       6.   PENEMPATAN PADA BANK INDONESIA DAN                         6.     PLACEMENTS WITH BANK               INDONESIA      AND
     BANK LAIN (lanjutan)                                               OTHER BANKS (continued)                                            BANK LAIN (lanjutan)                                              OTHER BANKS (continued)
                                                                                                                                           c.   Penempatan       berdasarkan        counterparty            c.   By counterparty (continued):
     b.    Berdasarkan pihak berelasi dan pihak ketiga:                b.   By related parties and third parties:                               (lanjutan):
                                                      2024                    2023                                                                                                         2024                    2023

           Rupiah                                                                                                          Rupiah               Rupiah (lanjutan)                                                                              Rupiah (continued)
             Pihak berelasi (Catatan 56)                 539.967                 625.019              Related parties (Note 56)                 Deposito                                                                                             Time deposits
             Pihak ketiga                             31.996.416              33.254.544                           Third parties                Pihak berelasi                                                                                     Related parties
                                                                                                                                                  PT Bank Tabungan Negara                                                              PT Bank Tabungan Negara
           Total                                      32.536.383              33.879.563                                     Total                  (Persero) Tbk                                191.827              296.829                    (Persero) Tbk
                                                                                                                                                  PT Bank Tabungan Negara                                                              PT Bank Tabungan Negara
           Mata uang asing                                                                                    Foreign currencies                    (Persero) Tbk - Unit                                                                    (Persero) Tbk - Unit
            Pihak berelasi (Catatan 56)               2.567.153                1.424.453              Related parties (Note 56)                     Usaha Syariah                                175.610                52.460                   Usaha Syariah
            Pihak ketiga                             28.126.518               38.584.141                           Third parties                  PT Bank Rakyat Indonesia                                                              PT Bank Rakyat Indonesia
                                                                                                                                                    (Persero) Tbk                                172.530               270.030                   (Persero) Tbk
           Total (Catatan 62.B.(iv))                  30.693.671              40.008.594                     Total (Note 62.B.(iv))               Lainnya                                              -                 5.700                             Others

                                                      63.230.054              73.888.157                                                        Pihak ketiga                                                                                           Third parties
           Dikurangi: cadangan kerugian                                                                       Less: allowance for                 Citibank                                       353.885               389.565                            Citibank
             penurunan nilai                                (1.679)                  (957)                   impairment losses                    PT Bank Pembangunan                                                                     PT Bank Pembangunan
                                                                                                                                                    Daerah Jawa Barat                                                                       Daerah Jawa Barat
           Neto                                       63.228.375              73.887.200                                       Net                  dan Banten Tbk                               183.000              220.890                  dan Banten Tbk
                                                                                                                                                  PT Bank Danamon Syariah                        172.959                9.690          PT Bank Danamon Syariah
                                                                                                                                                  PT Bank Maybank Indonesia Tbk -                                                 PT Bank Maybank Indonesia Tbk
     c.    Penempatan berdasarkan counterparty:                        c.   By counterparty:                                                        Unit Usaha Syariah                           151.670               21.245              - Unit Usaha Syariah
                                                                                                                                                  PT Bank DKI                                    114.000              190.900                         PT Bank DKI
                                                      2024                    2023                                                                PT Bank BTPN Syariah Tbk                        77.172                9.000         PT Bank BTPN Syariah Tbk
                                                                                                                                                  PT Bank DKI Syariah                             46.500                7.500                PT Bank DKI Syariah
                                                                                                                                                  PT Bank Pembangunan Daerah                                                       PT Bank Pembangunan Daerah
           Rupiah                                                                                                        Rupiah                     Jawa Barat dan Banten                                                               Jawa Barat dan Banten
           Deposit Facility                                                                                       Deposit Facility                  Tbk - Unit Usaha Syariah                      34.000              178.000         Tbk - Unit Usaha Syariah
           Pihak ketiga                                                                                             Third parties                 PT Bank Permata Syariah Tbk                     24.000                    -       PT Bank Permata Syariah Tbk
             Bank Indonesia                           30.179.682              29.985.352                       Bank Indonesia                     PT Bank Pembangunan Daerah                                                       PT Bank Pembangunan Daerah
                                                                                                                                                    Sumatera Utara Tbk                            20.000              123.600               Sumatera Utara Tbk
           Pihak ketiga                                                                                             Third parties                 PT Bank Pembangunan Daerah                                                       PT Bank Pembangunan Daerah
             PT Bank Pembangunan Daerah                                                        PT Bank Pembangunan Daerah                            Sulawesi Utara Gorontalo                     17.500                22.500         Sulawesi Utara Gorontalo
                Kalimantan Selatan                         125.000                 50.000                  Kalimantan Selatan                     PT Bank Pembangunan Daerah                                                       PT Bank Pembangunan Daerah
             JP Morgan Chase Bank N.A                            -                200.000         JP Morgan Chase Bank N.A                          Sumatera Barat (Bank Nagari)                  12.500              136.900     Sumatera Barat (Bank Nagari)
             PT Bank DKI                                         -                100.000                          PT Bank DKI                    PT Bank Pembangunan Daerah                                                       PT Bank Pembangunan Daerah
             PT Bank Pembangunan Daerah                                                        PT Bank Pembangunan Daerah                           Sulawesi Selatan dan                                                                  Sulawesi Selatan dan
                Jawa Barat dan Banten Tbk.                       -                100.000       Jawa Barat dan Banten Tbk.                          Sulawesi Barat                                12.500              143.600                     Sulawesi Barat
             PT Bank Pembangunan                                                                      PT Bank Pembangunan                         PT Bank Pembangunan Daerah                                                       PT Bank Pembangunan Daerah
                Daerah Bali                                      -                100.000                         Daerah Bali                       Lampung                                        5.000                    -                          Lampung
             PT Bank Pembangunan Daerah                                                        PT Bank Pembangunan Daerah                         PT Bank Maybank Indonesia Tbk                    3.800              129.900     PT Bank Maybank Indonesia Tbk
                                                                                                                                                  PT Bank Mega Tbk                                 1.400                1.400                  PT Bank Mega Tbk
                Sulawesi Utara Gorontalo                         -                100.000          Sulawesi Utara Gorontalo                       PT Bank Pembangunan Daerah                                                              PT Bank Pembangunan
             PT Bank Permata Tbk.                                -                100.000               PT Bank Permata Tbk.                         Jawa Timur                                        -              159.000                        Jawa Timur
             PT Bank Pembangunan Daerah                                                        PT Bank Pembangunan Daerah                         Lainnya                                         21.000               58.400                               Others
                Sumatera Utara                                   -                100.000                     Sumatera Utara
             PT Bank Pembangunan Daerah                                                        PT Bank Pembangunan Daerah                                                                   1.790.853                2.427.109
                Sulawesi Selatan dan                                                                   Sulawesi Selatan dan
                Sulawesi Barat                                   -                 50.000                      Sulawesi Barat                   Total Rupiah                               32.536.383              33.879.563                          Total Rupiah
             PT Bank Pembangunan Daerah                                                        PT Bank Pembangunan Daerah
                Istimewa Yogyakarta                              -                 50.000               Istimewa Yogyakarta                     Mata uang asing                                                                               Foreign currencies
             PT Bank Pembangunan Daerah                                                        PT Bank Pembangunan Daerah                       USD                                                                                                           USD
                Nusa Tenggara Timur                              -                 50.000             Nusa Tenggara Timur                       Term deposits                                                                                       Term deposits
             PT Bank Pembangunan Daerah                                                        PT Bank Pembangunan Daerah                       Pihak ketiga                                                                                          Third parties
                Sumatera Selatan dan                                                                  Sumatera Selatan and                         Bank Indonesia                          19.394.475              26.636.810                     Bank Indonesia
                Bangka Belitung                                  -                 40.000                    Bangka Belitung                    Call money                                                                                             Call money
             PT Bank Pembangunan Daerah                                                        PT Bank Pembangunan Daerah                       Pihak berelasi                                                                                     Related parties
                Kalimantan Tengah                                -                 15.000                 Kalimantan Tengah                        PT Bank Negara Indonesia                                                            PT Bank Negara Indonesia
             Lainnya                                             -                100.000                                Others                      (Persero) Tbk.                         1.287.600                1.231.760                   (Persero) Tbk.
                                                                                                                                                   PT Bank Rakyat Indonesia                                                            PT Bank Rakyat Indonesia
                                                           125.000              1.155.000                                                            (Persero) Tbk.                              965.700                      -                  (Persero) Tbk.
                                                                                                                                                Pihak ketiga                                                                                          Third parties
           Fixed term                                                                                               Fixed term                     Wells Fargo Bank N.A.                    2.519.672                3.404.277             Wells Fargo Bank N.A.
           Pihak ketiga                                                                                          Third parties                     HSBC Bank USA N.A.                         360.528                  226.336              HSBC Bank USA N.A.
             PT Bank UOB Indonesia                         440.848                312.102             PT Bank UOB Indonesia                        Bank of New York Corporation               278.444                1.455.786      Bank of New York Corporation
                                                                                                                                                   CIMB Bank Berhad                                                                           CIMB Bank Berhad
                                                           440.848                312.102                                                             Shanghai Branch                         160.950                        -                Shanghai Branch
                                                                                                                                                   BNP Paribas S.A                             15.399                  469.426                  BNP Paribas S.A
                                                                                                                                                                                            5.588.293                6.787.585



                                                                     145                                                                                                                                   146
PT BANK MANDIRI (PERSERO) TBK                         1424                                                                                                                                          1425                                        ANNUAL REPORT 2024
Page 435
          FINANCIAL STATEMENTS 2024

                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                   PT BANK MANDIRI (PERSERO) Tbk.
                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                         DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED                CATATAN ATAS LAPORAN KEUANGAN                                                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS              KONSOLIDASIAN                                                                                                             FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                       31 DECEMBER 2024 AND 2023             31 DESEMBER 2024 DAN 2023                                                                                             31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)      (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                    (Expressed in millions of Rupiah, unless otherwise stated)

6.   PENEMPATAN PADA BANK INDONESIA DAN                         6.     PLACEMENTS WITH BANK                 INDONESIA      AND        6.   PENEMPATAN PADA BANK INDONESIA DAN                                                6.           PLACEMENTS WITH BANK                                    INDONESIA           AND
     BANK LAIN (lanjutan)                                              OTHER BANKS (continued)                                             BANK LAIN (lanjutan)                                                                           OTHER BANKS (continued)
     c.    Penempatan           berdasarkan      counterparty          c.   By counterparty (continued):
           (lanjutan):                                                                                                                     d.   Tingkat suku bunga rata-rata (yield) per tahun:                                           d.   Average interest rate (yield) per annum:

                                                        2024                  2023                                                                                                                                2024                               2023

           Mata uang asing (lanjutan)                                                           Foreign currencies (continued)                  Rupiah                                                                4,10%                                 2,25%                                       Rupiah
           USD (lanjutan)                                                                                        USD (continued)
                                                                                                                                                Mata uang asing (disetarakan                                                                                                   Foreign currencies (equivalent to
           Fixed term                                                                                                  Fixed term                 dalam Rupiah)                                                       4,17%                                 3,50%                                    Rupiah)
           Pihak ketiga                                                                                              Third parties
              JP Morgan Chase Bank N.A.                  1.784.407               713.459         JP Morgan Chase Bank N.A.
              Standard Chartered Bank                    1.505.514               919.871            Standard Chartered Bank                e.   Mutasi cadangan kerugian                        penurunan         nilai                   e.   Movements of allowance for impairment losses on
              CTBC Bank Co. Ltd. Singapore                                                    CTBC Bank Co. Ltd. Singapore                      penempatan pada bank lain:                                                                     placements with other banks:
                Branch                                     418.470                     -                              Branch
              Bank of China Limited                        220.502               123.176                Bank of China Limited                                                                                     2024                               2023
              BNP Paribas S.A                               85.649               366.182                     BNP Paribas S.A
              PT Bank HSBC Indonesia                        82.096                     -            PT Bank HSBC Indonesia
              PT Bank DBS Indonesia                         48.685                14.888              PT Bank DBS Indonesia                     Saldo awal tahun                                                           957                               3.601                             Beginning balance
              Nomura Singapura Limited                      24.711                66.751           Nomura Singapore Limited                     Pembentukan/(pembalikan) selama                                                                                                        Allowance/(reversal) during
              Bank of New York Corporation                  14.486             1.965.427       Bank of New York Corporation                       tahun berjalan (Catatan 46)                                              760                              (2.418 )                          the year (Note 46)
              Banco Bilbao Argentaria, S.A.IRA                   -               354.131     Banco Bilbao Argentaria, S.A.IRA                   Lain-lain*)                                                                (38)                               (226 )                                      Others*)
              Agricultural Bank of China                         -               230.955            Agricultural Bank of China
              Bank of Montreal                                   -               138.573                     Bank of Montreal
              Ing Bank N.V                                       -                93.860                          Ing Bank N.V                  Saldo akhir tahun                                                         1.679                                    957                                    Ending balance
                                                         4.184.520             4.987.273                                                        *)    Termasuk selisih kurs karena penjabaran mata uang asing.                                 *)    Included effect of foreign currencies translation.
           CNY                                                                                                              CNY
           Term deposits                                                                                           Term deposits                                                                                                   2024
           Pihak ketiga                                                                                             Third parties                                                                  Stage 1           Stage 2                   Stage 3                    Total
              Bank of China                                201.757               195.305                         Bank of China
              Agricultural Bank of China                         -               347.166            Agricultural Bank of China                  Saldo awal tahun                                           957                     -                           -                  957                      Beginning balance
                                                           201.757               542.471                                                        Pengukuran kembali bersih                                                                                                                             Net remeasurement of
                                                                                                                                                  penyisihan kerugian*)                                      21                   -                            -                    21                  losses allowance*)
           HKD                                                                                                          HKD                     Aset keuangan baru yang                                                                                                                                New financial assets
           Term deposits                                                                                       Term deposits                      diterbitkan atau                                                                                                                                            originated or
           Pihak ketiga                                                                                         Third parties                     dibeli                                                 1.826                    -                            -                1.826                           purchased
              PT Bank HSBC Indonesia                       105.729                       -          PT Bank HSBC Indonesia                      Aset keuangan yang                                                                                                                                          Financial assets
                                                                                                                                                  dihentikan pengakuannya                               (1.087)                   -                            -               (1.087)                       derecognised
                                                         4.492.006              5.529.744
                                                                                                                                                Total pembentukan                                                                                                                                            Total allowance
           USD                                                                                                             USD                     tahun berjalan                                          760                    -                            -                   760                      during the year
           Deposito                                                                                               Time deposits                 Lain-lain**)                                               (38)                   -                            -                   (38)                              Others**)
           Pihak berelasi                                                                                        Related parties
              PT Bank Rakyat Indonesia                                                             PT Bank Rakyat Indonesia                     Saldo akhir tahun                                        1.679                    -                            -                1.679                       Ending balance
                 (Persero) Tbk.                            177.045                 61.588                    (Persero) Tbk
              PT Bank Negara Indonesia                                                             PT Bank Negara Indonesia                     *)    Termasuk di dalam pengukuran kembali bersih adalah pembayaran                            *)    Including in the net remeasurement is repayment.
                 (Persero) Tbk.                            136.808                 97.001                   (Persero) Tbk.                            kembali.
                                                                                                                                                **)   Termasuk selisih kurs karena penjabaran mata uang asing.                                 **)   Included effect of foreign currencies translation.
                                                           313.853               158.589
           Pihak ketiga                                                                                              Third parties                                                                                                 2023
              Citibank                                     692.113               499.605                              Citibank                                                                     Stage 1           Stage 2                   Stage 3                    Total
              PT Bank CTBC Indonesia                       177.045               169.367             PT Bank CTBC Indonesia
              ANZ New Zealand (Int’l)                                                                 ANZ New Zealand (Int’l)                   Saldo awal tahun                                         3.601                        -                        -                3.601                      Beginning balance
                  Limited of London                              -               169.367                  Limited of London
                                                                                                                                                Pengukuran kembali bersih                                                                                                                             Net remeasurement of
                                                           869.158               838.339                                                          penyisihan kerugian*)                                 (2.217)                   -                            -               (2.217)                  losses allowance*)
           EUR                                                                                                            EUR                   Aset keuangan baru yang                                                                                                                                New financial assets
           Deposito                                                                                              Time deposits                    diterbitkan atau                                                                                                                                            originated or
           Pihak berelasi                                                                                       Related parties                   dibeli                                                 1.677                    -                            -                1.677                           purchased
              PT Bank Negara Indonesia                                                             PT Bank Negara Indonesia                     Aset keuangan yang                                                                                                                                          Financial assets
                                                                                                                                                  dihentikan pengakuannya                               (1.878)                   -                            -               (1.878)                       derecognised
                  (Persero) Tbk.                                 -                 34.104                   (Persero) Tbk.
                                                                                                                                                Total pembentukan                                                                                                                                            Total allowance
                                                                 -                 34.104                                                          tahun berjalan                                       (2.418)                   -                            -               (2.418)                      during the year
           SGD                                                                                                            SGD                   Lain-lain**)                                              (226)                   -                            -                 (226)                               Others**)
           Deposito                                                                                             Time deposits
           Pihak ketiga                                                                                           Third parties                 Saldo akhir tahun                                          957                    -                            -                   957                       Ending balance
              PT Bank UOB Indonesia                         35.886                 23.423             PT Bank UOB Indonesia
                                                         1.218.897             1.054.455                                                        *)    Termasuk di dalam pengukuran kembali bersih adalah pembayaran                            *)    Including in the net remeasurement is repayment.
                                                                                                                                                      kembali.
           Total mata uang asing                        30.693.671            40.008.594                   Total foreign currencies                   Termasuk selisih kurs karena penjabaran mata uang asing.
                                                                                                                                                **)                                                                                            **)   Included effect of foreign currencies translation.

                                                        63.230.054            73.888.157                                                        Manajemen    berpendapat    bahwa     jumlah                                                   Management believes that the allowance for
           Dikurangi: cadangan kerugian                                                                        Less: allowance for              cadangan kerugian penurunan nilai penempatan                                                   impairment losses on placements with Bank
              penurunan nilai                               (1.679)                  (957)                   impairment losses                  pada Bank Indonesia dan bank lain telah                                                        Indonesia and other banks is adequate.
           Neto                                         63.228.375            73.887.200                                       Net              memadai.



                                                                     147
PT BANK MANDIRI (PERSERO) TBK                          1426                                                                                                                                                                1427
                                                                                                                                                                                                                              148                                                               ANNUAL REPORT 2024
Page 436
          FINANCIAL STATEMENTS 2024


                                                          PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                       PT BANK MANDIRI (PERSERO) Tbk.
                                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                             DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                         NOTES TO THE CONSOLIDATED                                         CATATAN ATAS LAPORAN KEUANGAN                                                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                FINANCIAL STATEMENTS                                       KONSOLIDASIAN                                                                                                              FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                                31 DECEMBER 2024 AND 2023                                      31 DESEMBER 2024 DAN 2023                                                                                              31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                       (Expressed in millions of Rupiah, unless otherwise stated)                               (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                     (Expressed in millions of Rupiah, unless otherwise stated)

6.   PENEMPATAN PADA BANK INDONESIA DAN                                                   6.     PLACEMENTS WITH BANK                                 INDONESIA              AND        7.   EFEK-EFEK (lanjutan)                                                               7.     MARKETABLE SECURITIES (continued)
     BANK LAIN (lanjutan)                                                                        OTHER BANKS (continued)
                                                                                                                                                                                             a.   Berdasarkan tujuan, pihak berelasi dan pihak                                         a.      By purpose, related parties and third parties
     f.    Informasi mengenai pengelompokan berdasarkan                                          f.   Information in respect of classification of
           kelompok “tidak mengalami penurunan nilai” dan                                             “non-impaired” and “impaired” from sharia                                                   ketiga (lanjutan):                                                                           (continued):
           “mengalami penurunan nilai” untuk aset                                                     Subsidiary are disclosed in Note 62A.
                                                                                                                                                                                                                                                                   2024                              2023
           keuangan dari Entitas Anak syariah diungkapkan
           pada Catatan 62A.
                                                                                                                                                                                                  Ditambah/(dikurangi):                                                                                                                                  Add/(less):
     g.    Pada tanggal 31 Desember 2024 dan 2023,                                               g.   As of 31 December 2024 and 2023, placements                                                   Premi yang belum diamortisasi                                    (27.018)                                 8.829                      Unamortised premiums
           penempatan dengan saldo USD1.535.315 (nilai                                                with a balance of USD1,535,315 (full amount) and                                              Keuntungan yang belum                                                                                                                     Unrealised gain on
           penuh) dan USD4.335.315 (nilai penuh)                                                      USD4,335,315 (full amount) were pledged for fund                                                direalisasi dari kenaikan                                                                                                          increase in fair value
           dijaminkan untuk fasilitas pinjaman yang diterima                                          borrowings from other banks (Note 36f).
                                                                                                                                                                                                      nilai wajar efek-efek                                              215.010                           105.165                    of marketable securities
           dari bank lain (Catatan 36f).
                                                                                                                                                                                                    Cadangan kerugian                                                                                                                              Allowance for
     h.    Berdasarkan kolektibilitas sesuai POJK:                                               h.   By collectability based on FSA regulation:                                                      penurunan nilai                                                    (51.497)                          (150.275)                        impairment losses

           Kolektibilitas penempatan pada Bank Indonesia                                              Collectability of placements with Bank Indonesia                                                                                                                   136.495                            (36.281)
           dan bank lain sesuai POJK diungkapkan pada                                                 and other banks in accordance with FSA regulation
           Catatan 65.                                                                                are disclosed in Note 65.                                                                   Neto                                                             95.478.051                            94.545.841                                                   Net


7.   EFEK-EFEK                                                                            7.     MARKETABLE SECURITIES                                                                            Berikut adalah perubahan efek-efek dengan                                                    Movements of marketable securities classified as
                                                                                                                                                                                                  klasifikasi biaya perolehan diamortisasi dan biaya                                           at amortised cost and at cost for the period and
     a.    Berdasarkan tujuan, pihak berelasi dan pihak                                          a.   By purpose, related parties and third parties:                                              perolehan untuk tahun yang berakhir pada                                                     year ended 31 December 2024 and 2023 are as
           ketiga:                                                                                                                                                                                tanggal 31 Desember 2024 dan 2023:                                                           follows:
                                                                               2024                         2023                                                                                                                                                                       2024
                                                                                                                                                                                                                                                                                                             Syariah*)/
           Efek-efek                                                                                                                              Marketable securities                                                                    Stage 1             Stage 2               Stage 3                  Sharia*)                Total
           Pihak berelasi (Catatan 56):                                                                                                       Related parties (Note 56):
             Diukur pada nilai wajar                                                                                                               Fair value through                             Biaya perolehan diamortisasi                                                                                                                            At amortised cost
               melalui laba rugi                                                 4.285.159                    3.138.746                                profit or loss                             Saldo awal tahun                          5.850.129              58.246                            -          1.300.883              7.209.258          Beginning balance
             Diukur pada nilai wajar melalui                                                                                                 Fair value through other
               penghasilan komprehensif lain                                     9.586.379                  10.625.541                      comprehensive income                                  Pengukuran kembali                            20.099                     -                         -                     -               20.099        Remeasurement
                                                                                                                                                                                                  Aset keuangan yang                                                                                                                              New purchased financial
             Diukur pada biaya perolehan                                                                                                                                                            baru dibeli                             4.844.950                      -                         -          2.716.616              7.561.566                 assets
               diamortisasi                                                      3.139.468                    3.668.508                                 At amortised cost                         Aset keuangan yang                                                                                                                              Matured or sold financial
             Diukur pada biaya perolehan*)                                          79.569                      309.017                                          At cost*)                          jatuh tempo atau dijual                 (2.362.337)                    -                         -           (759.858)            (3.122.195)                assets

                                                                               17.090.575                   17.741.812                                                                            Total penambahan                                                                                                                                            Total increase
                                                                                                                                                                                                     tahun berjalan                         2.502.712                      -                         -          1.956.758              4.459.470          during the year
           Pihak ketiga:                                                                                                                                    Third parties:                        Lain-lain**)                                543.958                      -                         -            (16.110)               527.848                    Others**)
             Diukur pada nilai wajar                                                                                                                Fair value through
               melalui laba rugi                                               17.604.380                   16.116.963                                  profit or loss                            Saldo akhir tahun                         8.896.799              58.246                            -          3.241.531             12.196.576            Ending balance
             Diukur pada nilai wajar melalui                                                                                                  Fair value through other
               penghasilan komprehensif lain                                   37.408.046                   38.208.496                       comprehensive income                                 *)    Tidak menerapkan PSAK No. 109.                                                         *)    Not implement SFAS No. 109.
             Diukur pada biaya perolehan                                                                                                                                                          **)   Termasuk selisih kurs karena penjabaran mata uang asing.                               **)   Included effect of foreign currencies translation.
               diamortisasi                                                      5.842.595                    2.231.038                                 At amortised cost
                                                                                                                                                                                                                                                                                       2023
             Diukur pada biaya perolehan*)                                       3.161.962                      991.866                                          At cost*)
                                                                                                                                                                                                                                                                                                             Syariah*)/
                                                                               64.016.983                   57.548.363                                                                                                                     Stage 1             Stage 2               Stage 3                  Sharia*)                Total

           Investasi pada unit-link **)                                                                                          Investments in unit-link contracts **)                           Biaya perolehan diamortisasi                                                                                                                            At amortised cost
           Pihak berelasi (Catatan 56):                                                                                                  Related parties (Note 56):                               Saldo awal tahun                          7.916.557              58.246                            -         11.248.978             19.223.781          Beginning balance
             Diukur pada nilai wajar                                                                                                           Fair value through                                 Pengukuran kembali                           (48.951)                    -                         -                      -             (48.951)       Remeasurement
               melalui laba rugi                                                 3.132.500                    6.032.327                            profit or loss                                 Aset keuangan yang                                                                                                                              New purchased financial
                                                                                                                                                                                                    baru dibeli                             2.078.628                      -                         -            495.858              2.574.486                 assets
           Pihak ketiga:                                                                                                                                       Third parties:                     Aset keuangan yang                                                                                                                              Matured or sold financial
             Diukur pada nilai wajar                                                                                                                   Fair value through                           jatuh tempo atau dijual                 (3.937.210)                    -                         -        (10.387.555)           (14.324.765)                assets
               melalui laba rugi                                               11.101.498                   13.259.620                                     profit or loss
                                                                                                                                                                                                  Total (penurunan)/penambahan                                                                                                                  Total (decrease)/increase
                                                                                                                                                                                                     tahun berjalan                         (1.907.533)                    -                         -         (9.891.697)           (11.799.230)       during the year
                                                                                                                                                                                                  Lain-lain**)                                (158.895)                    -                         -            (56.398)              (215.293)                 Others**)
                                                                               14.233.998                   19.291.947
                                                                                                                                                                                                  Saldo akhir tahun                         5.850.129              58.246                            -          1.300.883              7.209.258            Ending balance
           Total                                                               95.341.556                   94.582.122                                                       Total
           *)    Efek-efek yang dimiliki oleh Entitas Anak.                                           *)    Marketable securities owned by Subsidiary.
                                                                                                                                                                                                  *)    Tidak menerapkan PSAK No. 109.                                                         *)    Not implement SFAS No. 109.
           **)   Investasi pada unit-link adalah investasi yang dimiliki oleh pemegang                **)   Investments in unit-link contracts are investments owned by                           **)   Termasuk selisih kurs karena penjabaran mata uang asing.                               **)   Included effect of foreign currencies translation.
                 polis pada kontrak unit-link Entitas Anak yang disajikan sebesar nilai                     policyholders of unit-link contracts of Subsidiary which are presented at
                 wajar.                                                                                     fair value.




PT BANK MANDIRI (PERSERO) TBK                                                 1428             149                                                                                                                                                                             1429
                                                                                                                                                                                                                                                                                  150                                                           ANNUAL REPORT 2024
Page 437
          FINANCIAL STATEMENTS 2024


                                                        PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                              PT BANK MANDIRI (PERSERO) Tbk.
                                                   DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                     NOTES TO THE CONSOLIDATED                                             CATATAN ATAS LAPORAN KEUANGAN                                                                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                            FINANCIAL STATEMENTS                                           KONSOLIDASIAN                                                                                                                                   FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                            31 DECEMBER 2024 AND 2023                                          31 DESEMBER 2024 DAN 2023                                                                                                                   31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                   (Expressed in millions of Rupiah, unless otherwise stated)                                   (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                          (Expressed in millions of Rupiah, unless otherwise stated)


7.   EFEK-EFEK (lanjutan)                                                             7.     MARKETABLE SECURITIES (continued)                                                          7.   EFEK-EFEK (lanjutan)                                                                                    7.            MARKETABLE SECURITIES (continued)

     a.    Berdasarkan tujuan, pihak berelasi dan pihak                                      a.      By purpose, related parties and third parties                                           b.   Berdasarkan jenis dan mata uang:                                                                             b.        By type dan currency:
           ketiga (lanjutan):                                                                        (continued):                                                                                  Informasi tambahan mengenai kolektibilitas Bank                                                                       Additional information regarding the collectability
                                                                                                                                                                                                   Indonesia disyaratkan oleh regulasi yang berlaku                                                                      of Bank Indonesia is required by applicable
           Berikut adalah perubahan efek-efek dengan                                                 Movements of marketable securities classified as                                              dan    bukan    merupakan      informasi   yang                                                                       regulations and is not required by Indonesian
                                                                                                                                                                                                   dipersyaratkan     oleh   Standar      Akuntansi                                                                      Financial Accounting Standards (SFAS 109). This
           klasifikasi nilai wajar melalui penghasilan                                               fair value through other comprehensive income for                                             Keuangan di Indonesia (PSAK 109). Informasi                                                                           additional information is part of Note 65 of the
           komprehensif lain untuk tahun yang berakhir                                               the period and year ended 31 December 2024 and                                                tambahan ini merupakan bagian dari Catatan 65                                                                         consolidated financial statements.
                                                                                                                                                                                                   laporan keuangan konsolidasian.
           pada tanggal 31 Desember 2024 dan 2023:                                                   2023 are as follows:
                                                                                                                                                                                                                                                                       2024                                                                     2023
                                                                                                                                                                                                                                                                                                   Nilai
                                                                                             2024                                                                                                                                           Nilai                                               wajar/biaya             Nilai                                             Nilai
                                                                                                                                                                                                                                        perolehan/                                              perolehan/          perolehan/                                         wajar/biaya
                                                                                                                                                                                                                                            nilai              Premi/          Keuntungan/         biaya                nilai           Premi/          Keuntungan/    perolehan/
                                                                                                                  Syariah*)/                                                                                                             nominal/            (diskonto)         (kerugian)      perolehan            nominal/         (diskonto)         (kerugian)       biaya
                                                                                                                                                                                                                                        nilai wajar/        yang belum         yang belum                           nilai wajar/     yang belum         yang belum     perolehan
                                                    Stage 1             Stage 2            Stage 3                 Sharia*)                 Total                                                                                          Cost/           diamortisasi/       direalisasi/
                                                                                                                                                                                                                                                                                               diamortisasi/
                                                                                                                                                                                                                                                                                                                       Cost/        diamortisasi/       direalisasi/  diamortisasi/
                                                                                                                                                                                                                                                                                               Fair value/at
                                                                                                                                                                                                                                          nominal          Unamortised         Unrealised         cost/at             nominal       Unamortised         Unrealised    Fair value/at
                                                                                                                                                                                                                                           value/            premiums/            gains/        amortised              value/         premiums/            gains/        cost/at
                                                                                                                                                                                                                                         fair value         (discounts)          (losses)          cost              fair value      (discounts)          (losses)   amortised cost
           Nilai wajar melalui                                                                                                                              Fair value through
              penghasilan                                                                                                                               other comprehensive                       Rupiah                                                                                                                                                                                                    Rupiah
                                                                                                                                                                                                  Diukur pada nilai wajar melalui                                                                                                                                                              Fair value through
              komprehensif lain                                                                                                                                       income                         laba rugi                                                                                                                                                                                    profit or loss
                                                                                                                                                                                                     Efek-efek                                                                                                                                                                           Marketable securities
           Saldo awal tahun                         25.154.558                    -            39.496                23.629.746             48.823.800        Beginning balance                          Sekuritas Rupiah                                                                                                                                                                  Bank Indonesia
                                                                                                                                                                                                             Bank Indonesia               7.730.767                        -         49.854       7.780.621            4.648.632                    -        26.950      4.675.582      Rupiah Securities
           Pengukuran kembali                         (607.733)                   -           (12.007)                 (856.939)            (1.476.679)        Remeasurement                             Obligasi                         4.059.684                        -         39.720       4.099.404            2.429.868                    -         5.484      2.435.352                  Bonds
                                                                                                                                                                                                         Sukuk Bank                                                                                                                                                                                  Sukuk
           Aset keuangan yang                                                                                                                           New purchased financial                              Indonesia                    2.160.000                        -         36.489       2.196.489            2.424.704                    -          9.578     2.434.282        Bank Indonesia
              baru dibeli                            2.994.950                    -                        -         20.886.978             23.881.928                 assets                            Saham                              316.704                        -         (6.257)        310.447              356.161                    -              -       356.161                  Shares
                                                                                                                                                                                                         Investasi pada unit-unit                                                                                                                                                           Investments in
           Aset keuangan yang                                                                                                                           Matured or sold financial                            reksa dana                     229.499                        -             45         229.544              577.307                    -              -       577.307      mutual fund units
                                                                                                                                                                                                         Sertifikat Investasi                                                                                                                                                       Interbank Mudharabah
              jatuh tempo atau dijual                (2.647.260)                  -           (18.815)              (21.803.199)           (24.469.274)                assets                                Mudharabah Antarbank           100.003                        -            140         100.143              149.957                    -            174       150.131 Investment Certificate
                                                                                                                                                                                                         Efek Beragun Aset                   46.921                        -            484          47.405               57.934                    -         (2.017)       55.917 Asset-backed security
                                                                                                                                                                                                         Negotiable certificate                                                                                                                                                       Negotiable certificate
                                                                                                                                                                                                             of deposits                               -                   -              -                    -         145.319                    -          1.531       146.850            of deposits
           Total penurunan                                                                                                                                          Total decrease
              tahun berjalan                           (260.043)                  -           (30.822)              (1.773.160)             (2.064.025)          during the year                                                         14.643.578                        -       120.475       14.764.053          10.789.882                     -        41.700     10.831.582

           Lain-lain**)                                 294.265                   -                 -                         -                294.265                     Others**)                    Investasi pada                                                                                                                                                                  Investments in unit-link
                                                                                                                                                                                                            unit-link *)                                                                                                                                                                        contracts *)
                                                                                                                                                                                                            Saham                         9.152.159                        -              -       9.152.159          12.836.391                     -              -    12.836.391                 Shares
                                                                                                                                                                                                            Obligasi                      1.470.814                        -              -       1.470.814             692.709                     -              -       692.709                  Bonds
           Saldo akhir tahun                        25.188.780                    -               8.674              21.856.586             47.054.040             Ending balance                           Investasi pada unit-unit                                                                                                                                                        Investments in
                                                                                                                                                                                                                reksa dana                             -                   -              -                    -       1.195.468                    -              -     1.195.468      mutual fund units
                                                                                                                                                                                                                                         10.622.973                        -              -      10.622.973          14.724.568                     -              -    14.724.568
           *)    Tidak menerapkan PSAK No. 109.                                                      *)    Not implement SFAS No. 109.                                                                                                   25.266.551                        -       120.475       25.387.026          25.514.450                     -        41.700     25.556.150
           **)   Termasuk selisih kurs karena penjabaran mata uang asing.                            **)   Included effect of foreign currencies translation.                                     Diukur pada nilai wajar melalui                                                                                                                                                        Fair value through other
                                                                                                                                                                                                     penghasilan komprehensif lain                                                                                                                                                    comprehensive income
                                                                                                                                                                                                     Efek-efek                                                                                                                                                                          Marketable securities
                                                                                             2023                                                                                                        Investasi pada unit-unit                                                                                                                                                           Investments in
                                                                                                                                                                                                             reksa dana                  20.390.000                        -       287.586       20.677.586          19.609.721                     -       199.478     19.809.199     mutual fund units
                                                                                                                                                                                                         Sukuk Bank Indonesia            11.184.698                        -             -       11.184.698          20.744.693                     -             -     20.744.693 Sukuk Bank Indonesia
                                                                                                                  Syariah*)/                                                                             Obligasi                         1.790.505                        -          (508)       1.789.997           3.041.974                     -         1.289      3.043.263                  Bonds
                                                                                                                                                                                                         Sekuritas Rupiah                                                                                                                                                                  Bank Indonesia
                                                    Stage 1             Stage 2            Stage 3                 Sharia*)                 Total                                                             Bank Indonesia              1.649.163                        -        (67.928)      1.581.235                    -                    -              -             -    Rupiah Securities
                                                                                                                                                                                                         Saham                              294.289                        -        (29.867)        264.422              162.074                    -              -       162.074                 Shares
                                                                                                                                                                                                         Obligasi syariah perusahaan              -                        -              -               -              120.890                    -              -       120.890 Sharia corporate bonds
                                                                                                                                                                                                         Medium term notes                        -                        -              -               -              100.396                    -              -       100.396    Medium term notes
           Nilai wajar melalui                                                                                                                             Fair value through
                                                                                                                                                                                                                                         35.308.655                        -       189.283       35.497.938          43.779.748                     -       200.767     43.980.515
              penghasilan                                                                                                                              other comprehensive
                                                                                                                                                                                                  Diukur pada biaya perolehan
              komprehensif lain                                                                                                                                      income                          diamortisasi                                                                                                                                                                                At amortised cost
                                                                                                                                                                                                     Efek-efek                                                                                                                                                                            Marketable securities
           Saldo awal tahun                         29.308.811                    -                        -                      -         29.308.811       Beginning balance                           Sekuritas Rupiah                                                                                                                                                                   Bank Indonesia
                                                                                                                                                                                                             Bank Indonesia               3.004.868               (4.839)                 -       3.000.029                    -                -                  -             -      Rupiah Securities
                                                                                                                                                                                                         Obligasi                         2.176.000                   13                  -       2.176.013            2.773.000               18                  -     2.773.018                   Bonds
           Pengukuran kembali                           (97.095)                  -              39.496                           -             (57.599)       Remeasurement                             Wesel ekspor                       490.939                    -                  -         490.939              457.165                -                  -       457.165              Export bills
                                                                                                                                                                                                         Medium term notes                  245.000                    -                  -         245.000              245.000                -                  -       245.000      Medium term notes
           Aset keuangan yang                                                                                                                           New purchased financial                          Efek Beragun Aset                   42.153                    -                  -          42.153               68.874                -                  -        68.874    Asset-backed security

             baru dibeli                                913.899                   -                        -         23.629.746             24.543.645                 assets                                                             5.958.960               (4.826)                 -       5.954.134            3.544.039               18                  -     3.544.057
           Aset keuangan yang                                                                                                                           Matured or sold financial
                                                                                                                                                                                                  Diukur pada biaya perolehan     **)
                                                                                                                                                                                                                                                                                                                                                                                                          At cost **)
             jatuh tempo atau dijual                 (4.990.318)                  -                        -                      -         (4.990.318)                assets                        Efek-efek                                                                                                                                                                          Marketable securities
                                                                                                                                                                                                         Sertifikat Pengelolaan                                                                                                                                                          Sharia Compliant
                                                                                                                                                                                                              Dana Berdasarkan                                                                                                                                                           Interbank Fund
           Total kenaikan/(penurunan)                                                                                                                     Total increase/(decrease)                           Prinsip                                                                                                                                                                      Management
                                                                                                                                                                                                         Syariah Antarbank (“SIPA”)       2.400.000                        -              -       2.400.000              250.000                    -              -       250.000     Certificate (“SIPA”)
              tahun berjalan                         (4.173.514)                  -              39.496              23.629.746             19.495.728            during the year                        Obligasi syariah perusahaan        638.800                        -              -         638.800              787.800                    -              -       787.800 Sharia corporate bonds
           Lain-lain**)                                  19.261                   -                   -                       -                 19.261                      Others**)                    Medium term notes                        -                        -              -               -              160.000                    -              -       160.000    Medium term notes
                                                                                                                                                                                                         Wesel ekspor                       195.860                        -              -         195.860              103.083                    -              -       103.083              Export bills

                                                                                                                                                                                                                                          3.234.660                        -              -       3.234.660            1.300.883                    -              -     1.300.883
           Saldo akhir tahun                        25.154.558                    -              39.496              23.629.746             48.823.800             Ending balance
                                                                                                                                                                                                  Total                                  69.768.826               (4.826)          309.758       70.073.758          74.139.120                18           242.467     74.381.605                             Total


           *)    Tidak menerapkan PSAK No. 109.                                                      *)    Not implement SFAS No. 109.                                                            *)    Investasi pada unit-link adalah investasi yang dimiliki oleh pemegang                                            *)        Unit-link investments are investments owned by policyholders in
           **)   Termasuk selisih kurs karena penjabaran mata uang asing.                            **)   Included effect of foreign currencies translation.                                           polis pada kontrak unit-link Entitas Anak yang disajikan sebesar nilai                                                     Subsidiary’s unit-link contracts which are presented at fair value.
                                                                                                                                                                                                        wajar.
                                                                                                                                                                                                  **)   Efek-efek yang dimiliki oleh Entitas Anak.                                                                       **)       Marketable securities owned by Subsidiary.




PT BANK MANDIRI (PERSERO) TBK                                               1430           151                                                                                                                                                                                                   143152                                                                       ANNUAL REPORT 2024
Page 438
          FINANCIAL STATEMENTS 2024


                                                          PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                                                      PT BANK MANDIRI (PERSERO) Tbk.
                                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                                                            DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                                       NOTES TO THE CONSOLIDATED                                                          CATATAN ATAS LAPORAN KEUANGAN                                                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                              FINANCIAL STATEMENTS                                                        KONSOLIDASIAN                                                                                                               FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                                              31 DECEMBER 2024 AND 2023                                                       31 DESEMBER 2024 DAN 2023                                                                                               31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                     (Expressed in millions of Rupiah, unless otherwise stated)                                                (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                      (Expressed in millions of Rupiah, unless otherwise stated)


7.   EFEK-EFEK (lanjutan)                                                                               7.        MARKETABLE SECURITIES (continued)                                                                    7.   EFEK-EFEK (lanjutan)                                                                7.     MARKETABLE SECURITIES (continued)

     b.    Berdasarkan jenis dan mata uang (lanjutan):                                                            b.      By type and currency (continued):                                                                 c.   Berdasarkan sisa umur hingga jatuh tempo:                                             c.   By maturity:
                                                                                                                                                                                                                                                                                                  2024                           2023
           Informasi tambahan mengenai kolektibilitas Bank                                                               Additional information regarding the collectability
           Indonesia disyaratkan oleh regulasi yang berlaku                                                              of Bank Indonesia is required by applicable
                                                                                                                                                                                                                                 Efek-efek                                                                                                                             Marketable securities
           dan    bukan    merupakan      informasi   yang                                                               regulations and is not required by Indonesian
                                                                                                                                                                                                                                   Rupiah                                                                                                                                         Rupiah
           dipersyaratkan     oleh   Standar      Akuntansi                                                              Financial Accounting Standards (SFAS 109). This
                                                                                                                                                                                                                                     Tidak mempunyai
           Keuangan di Indonesia (PSAK 109). Informasi                                                                   additional information is part of Note 65 of the
                                                                                                                                                                                                                                       jatuh tempo                                                   840.493                      1.095.543                            No maturity date
           tambahan ini merupakan bagian dari Catatan 65                                                                 consolidated financial statements. (continued)
                                                                                                                                                                                                                                     < 1 tahun                                                    36.986.818                     33.548.086                                    < 1 year
           laporan keuangan konsolidasian. (lanjutan)
                                                                                                                                                                                                                                     > 1 < 5 tahun                                                17.621.256                     19.370.592                               > 1 < 5 years
                                                                          2024                                                                    2023                                                                               > 5 < 10 tahun                                                3.669.985                      5.368.544                             > 5 < 10 years
                                                  Nilai
                                                                                                      Nilai
                                                                                                                       Nilai
                                                                                                                                                                                                                                     > 10 tahun                                                       27.301                         31.787                                 > 10 years
                                                                                                   wajar/biaya                                                              Nilai
                                              perolehan/                                           perolehan/      perolehan/                                            wajar/biaya
                                                  nilai           Premi/          Keuntungan/         biaya            nilai              Premi/          Keuntungan/    perolehan/
                                               nominal/         (diskonto)         (kerugian)      perolehan        nominal/            (diskonto)         (kerugian)       biaya                                                     Total                                                       59.145.853                     59.414.552                                                Total
                                              nilai wajar/     yang belum         yang belum      diamortisasi/    nilai wajar/        yang belum         yang belum     perolehan
                                                 Cost/        diamortisasi/       direalisasi/    Fair value/at       Cost/           diamortisasi/       direalisasi/  diamortisasi/
                                                nominal       Unamortised         Unrealised                         nominal          Unamortised         Unrealised
                                                 value/         premiums/            gains/
                                                                                                     cost/at
                                                                                                   amortised          value/            premiums/            gains/
                                                                                                                                                                        Fair value/at
                                                                                                                                                                           cost/at                                                    Mata uang asing                                                                                                                  Foreign currencies
                                               fair value      (discounts)          (losses)          cost          fair value         (discounts)          (losses)   amortised cost
                                                                                                                                                                                                                                       < 1 tahun                                                  18.811.242                     11.514.305                                    < 1 year
                                                                                                                                                                                                                                       > 1 < 5 tahun                                               2.211.101                      3.044.306                               > 1 < 5 years
           Mata uang asing                                                                                                                                                                     Foreign currencies
           Diukur pada nilai wajar melalui                                                                                                                                                       Fair value through                    > 5 < 10 tahun                                                900.033                      1.317.012                             > 5 < 10 years
              laba rugi
              Efek-efek
                                                                                                                                                                                                   profit or loss
                                                                                                                                                                                           Marketable securities
                                                                                                                                                                                                                                       > 10 tahun                                                     39.329                              -                                  > 10 years
                  Treasury bills                6.788.230                     -         29.718       6.817.948          6.914.852                     -        59.772      6.974.624          Treasury bills
                  Sekuritas Valas                                                                                                                                                    Bank Indonesia Foreign
                     Bank Indonesia                431.276                    -          1.344         432.620          1.214.911                     -          6.803     1.221.714 Currency Securities                              Total                                                       21.961.705                     15.875.623                                                Total
                  Treasury Bonds                         -                    -              -               -            196.192                     -          7.127       203.319        Treasury Bonds
                  Obligasi                          26.455                    -          3.858          30.313            139.872                     -              -       139.872                  Bonds
                                                                                                                                                                                                                                 Investasi pada unit-link*)                                                                                          Investments in unit-link contracts *)
                                                7.245.961                     -         34.920       7.280.881          8.465.827                     -        73.702      8.539.529
                                                                                                                                                                                                                                   Rupiah                                                                                                                                      Rupiah
               Investasi pada unit-link *)
                                                                                                                                                                                            Investments in unit-link
                                                                                                                                                                                                     contracts*)
                                                                                                                                                                                                                                     Tidak mempunyai
                   Investasi pada unit-unit                                                                                                                                                      Investments in                         jatuh tempo                                                 9.152.159                    14.031.859                            No maturity date
                       reksa dana               3.611.025                     -              -       3.611.025          4.567.379                     -              -     4.567.379       mutual fund units
                                                                                                                                                                                                                                     < 1 tahun                                                        442.346                       169.472                                    < 1 year
                                                3.611.025                     -              -       3.611.025          4.567.379                     -              -     4.567.379                                                 > 1 < 5 tahun                                                  1.020.493                       488.461                               > 1 < 5 years
                                               10.856.986                     -         34.920      10.891.906         13.033.206                     -        73.702     13.106.908                                                 > 5 < 10 tahun                                                     7.975                        34.776                             > 5 < 10 years

           Diukur pada nilai wajar melalui                                                                                                                                                 Fair value through other                   Total                                                       10.622.973                     14.724.568                                                Total
              penghasilan komprehensif lain                                                                                                                                             comprehensive income
              Efek-efek                                                                                                                                                                   Marketable securities
                  Sekuritas Valas
                     Bank Indonesia             8.127.975                     -              -       8.127.975          1.544.442                     -              -
                                                                                                                                                                                     Bank Indonesia Foreign
                                                                                                                                                                           1.544.442 Currency Securities
                                                                                                                                                                                                                                      Mata uang asing                                                                                                                  Foreign currencies
                  Treasury bills                1.868.799                     -        (89.761)      1.779.038          1.551.717                     -       (125.934)    1.425.783          Treasury bills                           Tidak mempunyai
                  Obligasi                      1.688.996                     -        (39.907)      1.649.089          1.958.130                     -        (85.070)    1.873.060                 Bonds
                                                                                                                                                                                                                                          jatuh tempo                                               3.611.025                     4.567.379                            No maturity date
                                               11.685.770                     -       (129.668)     11.556.102          5.054.289                     -       (211.004)    4.843.285

           Diukur pada biaya perolehan                                                                                                                                                                                                Total                                                         3.611.025                     4.567.379                                                Total
              diamortisasi                                                                                                                                                                       At amortised cost
              Efek-efek                                                                                                                                                                   Marketable securities
                  Wesel ekspor                  1.304.977                 -                  -       1.304.977           711.892                  -                  -       711.892            Export bills                                                                                      95.341.556                     94.582.122
                  Obligasi                        977.756              (624)                 -         977.132           966.147             (4.359)                 -       961.788                 Bonds
                  Treasury bills                  740.370           (21.568)                 -         718.802           677.468             13.170                  -       690.638         Treasury bills                      Ditambah/(dikurangi):                                                                                                                          Add/(less):
                                                3.023.103           (22.192)                 -       3.000.911          2.355.507             8.811                  -     2.364.318
                                                                                                                                                                                                                                   Premi yang belum diamortisasi                                       (27.018 )                        8.829                   Unamortised premiums
                                                                                                                                                                                                                                   Keuntungan yang belum                                                                                                             Unrealised gain on
           Diukur pada biaya perolehan                                                                                                                                                                       At cost
              Efek-efek                                                                                                                                                                   Marketable securities                      direalisasi dari kenaikan                                                                                                increase in fair value of
                  Wesel ekspor                        6.871                   -              -            6.871                   -                   -              -              -           Export bills
                                                                                                                                                                                                                                     nilai wajar efek-efek                                             215.010                      105.165                     marketable securities
                                                     6.871                    -              -            6.871                   -                   -              -              -                                              Cadangan kerugian                                                                                                                       Allowance for
                                                                                                                                                                                                                                     penurunan nilai                                                   (51.497 )                   (150.275 )                      impairment losses
           Total (Catatan 62.B.(iv))           25.572.730           (22.192)           (94.748)     25.455.790         20.443.002             8.811           (137.302)   20.314.511          Total (Note 62.B.(iv))

                                               95.341.556           (27.018)          215.010       95.529.548         94.582.122             8.829           105.165     94.696.116                                                                                                                   136.495                      (36.281 )
           Dikurangi: cadangan kerugian                                                                                                                                                        Less: allowance for
              penurunan nilai                                                                           (51.497)                                                            (150.275)        impairment losses                   Neto                                                             95.478.051                     94.545.841                                                   Net
           Neto                                                                                     95.478.051                                                            94.545.841                            Net

                                                                                                                                                                                                                                 *)   Investasi pada unit-link adalah investasi yang dimiliki oleh pemegang                 *)    Unit-link investments are investments owned by policyholders in
          *)   Investasi pada unit-link adalah investasi yang dimiliki oleh pemegang                                     *)       Unit-link investments are investments owned by policyholders in                                     polis pada kontrak unit-link Entitas Anak yang disajikan sebesar nilai                      Subsidiary’s unit-link contracts which are presented at fair value.
               polis pada kontrak unit-link Entitas Anak yang disajikan sebesar nilai                                             Subsidiary’s unit-link contracts which are presented at fair value.                                 wajar.
               wajar.




PT BANK MANDIRI (PERSERO) TBK                                                         1432                   153                                                                                                                                                                                               1433
                                                                                                                                                                                                                                                                                                                  154                                                 ANNUAL REPORT 2024
Page 439
          FINANCIAL STATEMENTS 2024


                                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                                        PT BANK MANDIRI (PERSERO) Tbk.
                                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                                              DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                              NOTES TO THE CONSOLIDATED                                                    CATATAN ATAS LAPORAN KEUANGAN                                                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                     FINANCIAL STATEMENTS                                                  KONSOLIDASIAN                                                                                                                    FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                                     31 DECEMBER 2024 AND 2023                                                 31 DESEMBER 2024 DAN 2023                                                                                                    31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                            (Expressed in millions of Rupiah, unless otherwise stated)                                          (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                           (Expressed in millions of Rupiah, unless otherwise stated)

7.   EFEK-EFEK (lanjutan)                                                                      7.     MARKETABLE SECURITIES (continued)                                                                 7.   EFEK-EFEK (lanjutan)                                                                     7.      MARKETABLE SECURITIES (continued)
     d.    Berdasarkan golongan penerbit:                                                             d.       By issuer:                                                                                    e.   Rincian obligasi berdasarkan peringkat (lanjutan):                                          e.       Details of bonds by rating (continued):
                                                                              2024                                    2023                                                                                                                                                                                                     Nilai wajar/biaya perolehan/
                                                                                                                                                                                                                                                                                                                              biaya perolehan diamortisasi/
                                                                                                                                                                                                                                                                                                                                     Fair value/at cost/
                                                                                                                                                                                                                                                                              Peringkat*)/Rating*)                                   at amortised cost
           Efek-efek                                                                                                                                              Marketable securities
             Bank Sentral                                                     34.288.747                               30.577.382                                      Central Bank                                                                                 Lembaga
             Perusahaan                                                       27.846.671                               29.818.539                                         Corporate                                                                               pemeringkat/
             Pemerintah                                                       13.427.083                               11.770.096                                       Government                                                                                   Rating
                                                                                                                                                                                                                                                                    agencies           2024                2023                  2024                2023
             Bank                                                              5.545.057                                3.124.158                                             Banks
                                                                                                                                                                                                                  Rupiah (lanjutan)                                                                                                                                                    Rupiah (continued)
                                                                              81.107.558                               75.290.175                                                                                 Diukur pada nilai wajar
                                                                                                                                                                                                                     melalui laba rugi (lanjutan)
                                                                                                                                                                                                                                                                                                                                                                                       Fair value through
                                                                                                                                                                                                                                                                                                                                                                               profit or loss (continued)
                                                                                                                                                                                                                  Investasi pada                                                                                                                                                     Investment in unit-link
           Investasi pada unit-link *)                                                                                                       Investments in unit-link contracts *)                                   unit-link (lanjutan)***)                                                                                                                                    contracts (continued)***)
             Perusahaan                                                       10.361.376                               12.734.238                                   Corporate                                        Obligasi (lanjutan)
                                                                                                                                                                                                                         PT Adira Dinamika Multi
                                                                                                                                                                                                                                                                                                                                                                                       Bonds (continued)
                                                                                                                                                                                                                                                                                                                                                                               PT Adira Dinamika Multi
             Bank                                                              3.866.365                                6.546.720                                       Banks                                                Finance Tbk                                         -                -                -                62.026              26.739                            Finance Tbk
             Pemerintah                                                            6.257                                   10.989                                Government                                              PT Sarana Multi Infrastruktur
                                                                                                                                                                                                                             (Persero)                                           -                -                -                59.502              42.239
                                                                                                                                                                                                                                                                                                                                                                          PT Sarana Multi Infrastruktur
                                                                                                                                                                                                                                                                                                                                                                                              (Persero)
                                                                                                                                                                                                                         PT Summarecon Agung Tbk                                 -                -                -                59.078                   -            PT Summarecon Agung Tbk
                                                                              14.233.998                               19.291.947                                                                                        PT Indah Kiat Pulp & Paper Tbk
                                                                                                                                                                                                                         PT Medco Energi Internasional Tbk
                                                                                                                                                                                                                                                                                 -
                                                                                                                                                                                                                                                                                 -
                                                                                                                                                                                                                                                                                                  -
                                                                                                                                                                                                                                                                                                  -
                                                                                                                                                                                                                                                                                                                   -
                                                                                                                                                                                                                                                                                                                   -
                                                                                                                                                                                                                                                                                                                                    55.702
                                                                                                                                                                                                                                                                                                                                    55.652
                                                                                                                                                                                                                                                                                                                                                             -
                                                                                                                                                                                                                                                                                                                                                             -
                                                                                                                                                                                                                                                                                                                                                                       PT Indah Kiat Pulp & Paper Tbk
                                                                                                                                                                                                                                                                                                                                                                   PT Medco Energi Internasional Tbk
                                                                                                                                                                                                                         PT Waskita Karya (Persero) Tbk                          -                -                -                49.704              49.899        PT Waskita Karya (Persero) Tbk
           Total                                                              95.341.556                               94.582.122                                                         Total                          PT Kereta Api Indonesia
                                                                                                                                                                                                                              (Persero)                                          -                -                -                47.181              32.385
                                                                                                                                                                                                                                                                                                                                                                              PT Kereta Api Indonesia
                                                                                                                                                                                                                                                                                                                                                                                              (Persero)
                                                                                                                                                                                                                         PT Indomobil Finance Indonesia                          -                -                -                44.565                   -        PT Indomobil Finance Indonesia
           Ditambah/(dikurangi):                                                                                                                                          Add/(less):                                    PT Angkasa Pura II (Persero)                            -                -                -                43.968                   -           PT Angkasa Pura II (Persero)
                                                                                                                                                                                                                         PT Bussan Auto Finance                                  -                -                -                39.944                   -                PT Bussan Auto Finance
             Premi yang belum diamortisasi                                         (27.018 )                                    8.829                     Unamortised premiums                                           PT Wahana Ottomitra Multiartha Tbk                      -                -                -                36.958                   -    PT Wahana Ottomitra Multiartha Tbk
             Keuntungan yang belum                                                                                                                             Unrealised gain on                                        PT Adhi Commuter Properti Tbk                           -                -                -                36.026                   -        PT Adhi Commuter Properti Tbk
                                                                                                                                                                                                                         PT Merdeka Copper Gold Tbk                              -                -                -                33.533                   -           PT Merdeka Copper Gold Tbk
               direalisasi dari kenaikan                                                                                                                  increase in fair value                                         PT Tower Bersama                                                                                                                                          PT Tower Bersama
               nilai wajar efek-efek                                               215.010                                 105.165                     of marketable securities                                              Infrastructure Tbk                                  -                -                -                30.284              10.002                     Infrastructure Tbk
                                                                                                                                                                                                                         PT Oto Multiartha                                       -                -                -                25.493              20.994                        PT Oto Multiartha
             Cadangan kerugian                                                                                                                                      Allowance for                                        PT Oki Pulp & Paper Mills                               -                -                -                25.021                   -               PT Oki Pulp & Paper Mills
               penurunan nilai                                                     (51.497 )                              (150.275 )                         impairment losses                                           PT Permodalan Nasional Madani                           -                -                -                24.882                   -       PT Permodalan Nasional Madani
                                                                                                                                                                                                                         PT Profesional Telekomunikasi                                                                                                                  PT Profesional Telekomunikasi
                                                                                                                                                                                                                             Indonesia                                           -                -                -                24.815              34.835                               Indonesia
                                                                                   136.495                                  (36.281 )                                                                                    PT Indosat Tbk                                          -                -                -                23.234              44.528                          PT Indosat Tbk
                                                                                                                                                                                                                         Bank Panin Tbk                                          -                -                -                23.187                   -                          Bank Panin Tbk
                                                                                                                                                                                                                         PT Bank Pembangunan Daerah                                                                                                                    PT Bank Pembangunan Daerah
           Neto                                                               95.478.051                               94.545.841                                                              Net                           Sulawesi Selatan dan Barat                          -                -                -                22.179              21.848           Sulawesi Selatan dan Barat
                                                                                                                                                                                                                         PT Bank Maybank Indonesia Tbk                           -                -                -                20.780              25.895       PT Bank Maybank Indonesia Tbk
                                                                                                                                                                                                                         PT Toyota Astra Financial Services                      -                -                -                20.334              11.003      PT Toyota Astra Financial Services
                                                                                                                                                                                                                         PT Chandra Asri Pacific Tbk                             -                -                -                20.032                   -            PT Chandra Asri Pacific Tbk
          *)      Investasi pada unit-link adalah investasi yang dimiliki oleh pemegang                        *)        Unit-link investments are investments owned by policyholders in                                 PT JACCS Mitra Pinasthika Mustika                       -                -                -                19.978                   -     PT JACCS Mitra Pinasthika Mustika
                  polis pada kontrak unit-link Entitas Anak yang disajikan sebesar nilai                                 Subsidiary’s unit-link contracts which are presented at fair value.                             PT Pegadaian                                            -                -                -                15.984                   -                            PT Pegadaian
                  wajar.                                                                                                                                                                                                 PT BFI Finance Indonesia Tbk                            -                -                -                11.964                   -          PT BFI Finance Indonesia Tbk
                                                                                                                                                                                                                         PT Jasa Marga (Persero) Tbk                             -                -                -                11.746                   -           PT Jasa Marga (Persero) Tbk
     e.    Rincian obligasi berdasarkan peringkat:                                                    e.       Details of bonds by rating:                                                                               PT Sinar Mas Multiartha Tbk
                                                                                                                                                                                                                         PT Semen Indonesia (Persero) Tbk
                                                                                                                                                                                                                                                                                 -
                                                                                                                                                                                                                                                                                 -
                                                                                                                                                                                                                                                                                                  -
                                                                                                                                                                                                                                                                                                  -
                                                                                                                                                                                                                                                                                                                   -
                                                                                                                                                                                                                                                                                                                   -
                                                                                                                                                                                                                                                                                                                                    10.090
                                                                                                                                                                                                                                                                                                                                         -
                                                                                                                                                                                                                                                                                                                                                             -
                                                                                                                                                                                                                                                                                                                                                        32.247
                                                                                                                                                                                                                                                                                                                                                                          PT Sinar Mas Multiartha Tbk
                                                                                                                                                                                                                                                                                                                                                                   PT Semen Indonesia (Persero) Tbk
                                                                                                                                                                                                                         Surat Perbendaharaan Negara**)                          -                -                -                     -              10.989        Surat Perbendaharaan Negara**)
                                                                                                                       Nilai wajar/biaya perolehan/                                                                      Lain-lain                                               -                -                -                91.620              41.323                                    Others
                                                                                                                      biaya perolehan diamortisasi/
                                                                                                                             Fair value/at cost/                                                                                                                                                                                 1.470.814             692.709
                                                                       Peringkat*)/Rating*)                                  at amortised cost
                                                                                                                                                                                                                                                                                                                                 5.617.623           3.183.978
                                                             Lembaga
                                                           pemeringkat/                                                                                                                                           Diukur pada nilai wajar                                                                                                                                             Fair value through
                                                              Rating                                                                                                                                                 melalui penghasilan                                                                                                                                          other comprehensive
                                                             agencies           2024                2023                 2024                2023                                                                    komprehensif lain                                                                                                                                                          income
                                                                                                                                                                                                                  Efek-efek                                                                                                                                                          Marketable securities
                                                                                                                                                                                                                     Obligasi                                                                                                                                                                     Bonds
           Rupiah                                                                                                                                                                         Rupiah
           Diukur pada nilai wajar                                                                                                                                            Fair value through                           PT Pupuk Indonesia (Persero)             Fitch Ratings      AAA(idn)          AAA(idn)                  386.277             380.819         PT Pupuk Indonesia (Persero)
              melalui laba rugi                                                                                                                                                   profit or loss                           PT Hutama Karya (Persero)                      Pefindo         idAA-        idAAA(gg)                   324.951             328.452            PT Hutama Karya (Persero)
           Efek-efek                                                                                                                                                        Marketable securities                          PT Pegadaian                                   Pefindo        idAAA             idAAA                   128.692             202.089                         PT Pegadaian
              Obligasi                                                                                                                                                                    Bonds                            PT Perusahaan Listrik                                                                                                                                PT Perusahaan Listrik
                 Surat Perbendaharaan                                                                                                                                   Surat Perbendaharaan                                  Negara (Persero)                            Pefindo        idAAA               idAAA                 103.352             706.321                     Negara (Persero
                     Negara**)                                           -             -                   -             4.068.630           2.435.352                              Negara**)                              PT XL Axiata Tbk                         Fitch Ratings      AAA(idn)            AAA(idn)                101.800             124.002                      PT XL Axiata Tbk
                 PT Bank Panin Tbk                                 Pefindo          idAA                   -                30.773                   -                   PT Bank Panin Tbk                                 PT Bank Rakyat                                                                                                                                            PT Bank Rakyat
                                                                                                                                                                                                                              Indonesia (Persero) Tbk                    Pefindo         idAAA               idAAA                  98.744              98.683              Indonesia (Persero) Tbk
                  Efek beragun aset                                                                                                                                       Asset-backed security                            PT Indosat Tbk                                Pefindo         idAAA               idAAA                  80.981              82.273                        PT Indosat Tbk
                     PT Sarana Multigriya Finansial                                                                                                                       PT Sarana Multigriya                             PT Bank Tabungan Negara                                                                                                                        PT Bank Tabungan Negara
                         (Persero)                                 Pefindo         idAAA             idAAA                  47.406              55.917                    Finansial (Persero)                                 (Persero) Tbk                         Fitch Ratings      AA+(idn)            AA+(idn)                 75.588              75.950                        (Persero) Tbk
                                                                                                                                                                                                                           PT Chandra Asri Pacific Tbk                    Pefindo        idAA-               idAA-                  72.363              72.109           PT Chandra Asri Pacific Tbk
                                                                                                                         4.146.809           2.491.269                                                                     PT Pegadaian (Persero)                         Pefindo          AA-                    -                 70.027                   -                         PT Pegadaian
                                                                                                                                                                                                                           PT Telkom Indonesia                                                                                                                                   PT Telkom Indonesia
           Investasi pada unit-link ***)                                                                                                                        Investment in unit-link contracts***)                         (Persero) Tbk                               Pefindo        idAAA               idAAA                  59.402              61.061                        (Persero) Tbk
              Obligasi                                                                                                                                                                     Bonds
                                                                                                                                                                                                                           PT Bank Negara Indonesia                                                                                                                        PT Bank Negara Indonesia
                  PT Sarana Multigriya Finansial                                                                                                               PT Sarana Multigriya Finansial
                      (Persero)                                           -                -               -               120.217              73.807                               (Persero)                                (Persero) Tbk                               Pefindo        idAAA               idAAA                  54.984              54.620                        (Persero) Tbk
                  PT Federal International Finance                        -                -               -                92.700              87.518        PT Federal International Finance                             PT Profesional                                                                                                                                              PT Profesional
                  PT XL Axiata Tbk                                        -                -               -                76.179              60.564                       PT XL Axiata Tbk                                 Telekomunikasi Indonesia              Fitch Ratings       AA-(idn)           AAA(idn)                 48.987             221.641           Telekomunikasi Indonesia
                  PT Mayora Indah Tbk                                     -                -               -                69.811              24.432                  PT Mayora Indah Tbk                                PT Kereta Api Indonesia                                                                                                                            PT Kereta Api Indonesia
                  PT Bank Rakyat Indonesia                                                                                                                          PT Bank Rakyat Indonesia                                   (Persero)                                  Pefindo        idAAA               idAAA                  41.140              60.534                            (Persero)
                      (Persero) Tbk                                       -                -               -                66.445              41.462                         (Persero) Tbk                               PT Indah Kiat Pulp & Paper Tbk                 Pefindo           AA                   -                  40.831                   -        PT Indah Kiat Pulp & Paper Tbk

           *)     Informasi peringkat obligasi diperoleh dari Bloomberg yang mencakup                          *)     Information on rating of bonds were obtained from Bloomberg, which is
                  peringkat yang diberikan oleh lembaga pemeringkat seperti Pemeringkat                               based on ratings issued by the rating agencies, such as Pemeringkat Efek
                                                                                                                                                                                                                  *)     Informasi peringkat obligasi diperoleh dari Bloomberg yang mencakup                           *)     Information on rating of bonds were obtained from Bloomberg, which is
                  Efek Indonesia (Pefindo), Standard and Poor’s, Moody’s dan Fitch                                    Indonesia (Pefindo), Standard and Poor’s, Moody’s and Fitch Ratings.                               peringkat yang diberikan oleh lembaga pemeringkat seperti Pemeringkat                                based on ratings issued by the rating agencies, such as Pemeringkat Efek
                  Ratings.                                                                                                                                                                                               Efek Indonesia (Pefindo), Standard and Poor’s, Moody’s dan Fitch                                     Indonesia (Pefindo), Standard and Poor’s, Moody’s and Fitch Ratings.
           **)    Tidak memiliki peringkat.                                                                    **)    No rating.                                                                                         Ratings.
           ***)   Investasi pada unit-link adalah investasi yang dimiliki oleh pemegang                        ***)   Investments in unit-link contracts are investments owned by policyholder
                                                                                                                                                                                                                  **)    Tidak memiliki peringkat.                                                                     **)    No rating.
                  polis pada kontrak unit-link Entitas Anak yang disajikan sebesar nilai                              of unit link contracts of Subsidiary which are presented at fair value that is
                                                                                                                                                                                                                  ***)   Investasi pada unit-link adalah investasi yang dimiliki oleh pemegang                         ***)   Investments in unit-link contracts are investments owned by policyholder
                  wajar yang tidak diperingkat.                                                                       not rated.                                                                                         polis pada kontrak unit-link Entitas Anak yang disajikan sebesar nilai                               of unit link contracts of Subsidiary which are presented at fair value that is
                                                                                                                                                                                                                         wajar yang tidak diperingkat.                                                                        not rated.




PT BANK MANDIRI (PERSERO) TBK                                                 1434                  155                                                                                                                                                                                           1435
                                                                                                                                                                                                                                                                                                     156                                                                 ANNUAL REPORT 2024
Page 440
          FINANCIAL STATEMENTS 2024


                                                         PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                                  PT BANK MANDIRI (PERSERO) Tbk.
                                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                                        DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                             NOTES TO THE CONSOLIDATED                                              CATATAN ATAS LAPORAN KEUANGAN                                                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                    FINANCIAL STATEMENTS                                            KONSOLIDASIAN                                                                                                                   FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                                    31 DECEMBER 2024 AND 2023                                           31 DESEMBER 2024 DAN 2023                                                                                                   31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                           (Expressed in millions of Rupiah, unless otherwise stated)                                    (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                          (Expressed in millions of Rupiah, unless otherwise stated)

                                                                                                                                                                                                 7.   EFEK-EFEK (lanjutan)                                                                    7.       MARKETABLE SECURITIES (continued)
7.   EFEK-EFEK (lanjutan)                                                                     7.       MARKETABLE SECURITIES (continued)
                                                                                                                                                                                                      e.   Rincian obligasi berdasarkan peringkat (lanjutan):                                          e.       Details of bonds by rating (continued):
                                                                                                                                                                                                                                                                                                                        Nilai wajar/biaya perolehan/
     e.    Rincian obligasi berdasarkan peringkat (lanjutan):                                          e.        Details of bonds by rating (continued):                                                                                                                                                               biaya perolehan diamortisasi/
                                                                                                                                                                                                                                                                                                                              Fair value/at cost/
                                                                                                                                                                                                                                                                       Peringkat*)/Rating*)                                   at amortised cost
                                                                                                                       Nilai wajar/biaya perolehan/
                                                                                                                      biaya perolehan diamortisasi/                                                                                                         Lembaga
                                                                                                                             Fair value/at cost/                                                                                                          pemeringkat/
                                                                       Peringkat*)/Rating*)                                  at amortised cost                                                                                                               Rating
                                                                                                                                                                                                                                                            agencies            2024               2023                   2024              2023
                                                             Lembaga
                                                                                                                                                                                                           Rupiah (lanjutan)                                                                                                                                                 Rupiah (continued)
                                                           pemeringkat/                                                                                                                                    Diukur pada biaya
                                                              Rating                                                                                                                                          perolehan***)                                                                                                                                                         At cost***)
                                                             agencies           2024               2023                  2024              2023                                                            Efek-efek                                                                                                                                                     Marketable securities
                                                                                                                                                                                                              Obligasi syariah perusahaan                                                                                                                            Sharia corporate bonds
                                                                                                                                                                                                                 PT Indosat Tbk                                    Pefindo       idAAA               idAAA                  213.800           213.800                      PT Indosat Tbk
           Rupiah (lanjutan)                                                                                                                                               Rupiah (continued)                    PT XL Axiata Tbk                            Fitch Ratings      AAA(idn)           AAA(idn)                 195.000           195.000                    PT XL Axiata Tbk
           Diukur pada nilai wajar                                                                                                                                         Fair value through                    PT Medco Power Indonesia                          Pefindo           idA                 idA                150.000           150.000           PT Medco Power Indonesia
              melalui penghasilan                                                                                                                                    other comprehensive                         PT CIMB Niaga Auto Finance                  Fitch Ratings      AA+(idn)            AA(idn)                  45.000            45.000          PT CIMB Niaga Auto Finance
                                                                                                                                                                                                                 PT BPD Kalimantan Selatan                   Fitch Ratings        A(idn)             A(idn)                  35.000            35.000           PT BPD Kalimantan Selatan
              komprehensif lain (lanjutan)                                                                                                                               income (continued)                      PT Global Mediacom Tbk                            Pefindo              -              idA+                       -            50.000             PT Global Mediacom Tbk
           Efek-efek (lanjutan)                                                                                                                             Marketable securities (continued)                    PT Wijaya Karya                                                                                                                                          PT Wijaya Karya
              Obligasi (lanjutan)                                                                                                                                          Bonds (continued)                         (Persero) Tbk                                Pefindo                 -          idCCC                         -           99.000                      (Persero) Tbk
                 PT Tower Bersama                                                                                                                                       PT Tower Bersama
                     Infrastructure Tbk                      Fitch Ratings      AA+(idn)           AA+(idn)                 39.803            64.354                   Infrastructure Tbk                                                                                                                                   638.800           787.800
                 PT Mayora Indah Tbk                               Pefindo         idAA               idAA                  38.511            38.114                 PT Mayora Indah Tbk                   Total                                                                                                         10.263.737         9.977.823                                      Total
                 PT Dian Swastika Sentosa Tbk                      Pefindo           AA                   -                  9.933                 -       PT Dian Swastika Sentosa Tbk
                 PT Wijaya Karya                                                                                                                                           PT Wijaya Karya
                     (Persero) Tbk                                 Pefindo        idBBB              idCCC                   8.674            39.496                        (Persero) Tbk                  Mata uang asing                                                                                                                                                   Foreign currencies
                 PT Hartadinata Abadi Tbk                          Pefindo           AA                      -               4.108                 -            PT Hartadinata Abadi Tbk                   Diukur pada nilai wajar                                                                                                                                            Fair value through
                                                                                                                                                                                                              melalui laba rugi                                                                                                                                                   profit or loss
                 PT Sarana Multi Infrastruktur (Persero)           Pefindo             -              idAAA                      -           101.111 PT Sarana Multi Infrastruktur (Persero)               Efek-efek                                                                                                                                                        Marketable securities
                 PT Bukit Makmur Mandiri Utama                     Pefindo             -                idA+                     -           230.073      PT Bukit Makmur Mandiri Utama                       Obligasi                                                                                                                                                                    Bonds
                 PT Adira Dinamika Multi Finance Tbk               Pefindo             -              idAAA                      -            50.332 PT Adira Dinamika Multi Finance Tbk                         PT Millenio Amerta Data**)                              -                                  -                30.313            26.454               PT Millenio Amerta Data**)
                 PT Maybank Indonesia Finance                Fitch Ratings             -           AAA(idn)                      -            35.222       PT Maybank Indonesia Finance                          PT Sinbad Karya                                                                                                                                           PT Sinbad Karya
                                                                                                                                                                                                                     Perdagangan**)                                      -                                  -                      -          113.418                        Perdagangan**)
                 PT Indonesia Infrastructure Finance               Pefindo             -              idAAA                      -            16.008   PT Indonesia Infrastructure Finance

                Obligasi syariah perusahaan                                                                                                                         Sharia corporate bonds                                                                                                                                   30.313           139.872
                   PT Samudera Indonesia Tbk                       Pefindo              -             idA+                        -          100.908           PT Samudera Indonesia Tbk
                   PT CIMB Niaga Auto Finance                Fitch Ratings              -           AA(idn)                       -           19.981           PT CIMB Niaga Auto Finance                  Diukur pada nilai wajar                                                                                                                                         Fair value through
                                                                                                                                                                                                              melalui penghasilan                                                                                                                                     other comprehensive
                                                                                                                         1.789.148         3.164.153                                                          komprehensif lain                                                                                                                                                       income
                                                                                                                                                                                                           Efek-efek                                                                                                                                                     Marketable securities
                                                                                                                                                                                                              Obligasi                                                                                                                                                                  Bonds
          Diukur pada biaya perolehan                                                                                                                                                                            PT Pertamina (Persero)                          Moody‘s           Baa2               Baa2                  637.001           590.108              PT Pertamina (Persero)
             diamortisasi                                                                                                                                                   At amortised cost                    PT Indonesia Asahan                                                                                                                                 PT Indonesia Asahan
          Efek-efek                                                                                                                                                      Marketable securities                       Aluminium                               Fitch Ratings         BBB-               BBB-                  535.760           423.949                           Aluminium
             Obligasi                                                                                                                                                                   Bonds                    PT Bank Tabungan Negara                                                                                                                        PT Bank Tabungan Negara
                                                                                                                                                                                                                     (Persero) Tbk                               Moody‘s             Ba3               Ba3                  160.443           150.121                        (Persero) Tbk
                PT Pelabuhan Indonesia IV                         Pefindo         idAAA               idAAA                695.000           695.000           PT Pelabuhan Indonesia IV                         PT Indika Energy Tbk                            Moody‘s             Ba3               Ba3                   83.195            23.255                PT Indika Energy Tbk
                PT Hutama Karya                                                                                                                                          PT Hutama Karya                         PT Perusahaan Listrik Negara                                                                                                                 PT Perusahaan Listrik Negara
                    (Persero)                                     Pefindo          idAA-       idAAA(gg)                   580.013           580.018                            (Persero)                            (Persero)                                   Moody’s           Baa2                     -                57.843                    -                         (Persero)
                PT Chandra Asri                                                                                                                                            PT Chandra Asri                       PT Bank Negara Indonesia                                                                                                                       PT Bank Negara Indonesia
                                                                                                                                                                                                                     (Persero) Tbk                               Moody‘s             Ba2               Ba3                   46.502            47.886                        (Persero) Tbk
                    Pacific Tbk                                   Pefindo          idAA-              idAA-                482.000           482.000                           Pacific Tbk                       PT Medco Energi                                                                                                                                          PT Medco Energi
                PT Perusahaan Listrik                                                                                                                               PT Perusahaan Listrik                            Internasional Tbk                           Moody‘s               B1                   -                41.630                    -                Internasional Tbk
                     Negara (Persero)                             Pefindo         idAAA               idAAA                200.000           260.000                    Negara (Persero)                         PT Sarana Multi                                                                                                                                           PT Sarana Multi
                PT Perusahaan Pengelola                                                                                                                         PT Perusahaan Pengelola                               Infrastruktur (Persero)                    Moody‘s           Baa2               Baa2                   30.531            28.071              Infrastruktur (Persero)
                                                                                                                                                                                                                 PT Delta Dunia Makmur Tbk                       Moody‘s            Ba3                Ba3                   24.270            22.063          PT Delta Dunia Makmur Tbk
                    Aset                                          Pefindo          idAA-               idAA                150.000           230.000                                  Aset                       PT Japfa Comfeed                                                                                                                                       PT Japfa Comfeed
                PT Bank Tabungan Negara                                                                                                                        PT Bank Tabungan Negara                               Indonesia Tbk                           Fitch Ratings                -            BB-                         -           33.798                       Indonesia Tbk
                    (Persero) Tbk                            Fitch Ratings      AA+(idn)           AA+(idn)                 49.000            49.000                        (Persero) Tbk                        PT ABM Investama Tbk                        Fitch Ratings                -             B+                         -           36.182              PT ABM Investama Tbk
                PT Kereta Api Indonesia                                                                                                                           PT Kereta Api Indonesia                        LMIRT Capital Pte. Ltd                      Fitch Ratings                -             B-                         -           10.347               LMIRT Capital Pte. Ltd
                                                                                                                                                                                                                 Korea Development Bank                           Moody‘s                 -            Aa2                         -           14.863             Korea Development Bank
                    (Persero)                                     Pefindo         idAAA                   -                 20.000                 -                             (Persero)                       PT Bank Rakyat Indonesia                                                                                                                        PT Bank Rakyat Indonesia
                PT Pegadaian                                      Pefindo             -               idAAA                      -           150.000                         PT Pegadaian                            (Persero) Tbk                               Moody‘s                  -           Baa2                         -          242.663                        (Persero) Tbk
                PT Semen Indonesia                                                                                                                                    PT Semen Indonesia                         PT Indonesia Asahan                                                                                                                                 PT Indonesia Asahan
                     (Persero) Tbk                                Pefindo               -             idAA+                       -           75.000                       (Persero) Tbk                             Aluminium                                      S&P                   -            BBB                         -           83.366                           Aluminium
                                                                                                                                                                                                                 PT Saka Energi Indonesia                        Moody‘s                  -             B2                         -           76.004            PT Saka Energi Indonesia
                PT Pembangunan Perumahan                                                                                                                     PT Pembangunan Perumahan                            PT Bank Rakyat Indonesia                                                                                                                        PT Bank Rakyat Indonesia
                    (Persero) Tbk                                 Pefindo               -                 idA                     -           63.000                       (Persero) Tbk                             (Persero) Tbk                           Fitch Ratings                -        BBB                             -           61.286                        (Persero) Tbk
                PT Sarana Multigriya Finansial                                                                                                              PT Sarana Multigriya Finansial                                                                       Beragam/                      Beragam/
                    (Persero)                                     Pefindo               -             idAAA                       -           50.000                             (Persero)                          Lain-lain                                      various                -      various                     31.914            29.098                                 Others
                PT Federal International Finance                  Pefindo               -             idAAA                       -           33.000       PT Federal International Finance                                                                                                                               1.649.089         1.873.060
                PT Indah Kiat Pulp &                                                                                                                                  PT Indah Kiat Pulp &
                    Paper Tbk                                      Pefindo              -             idA+                        -           30.000                            Paper Tbk
                PT BFI Finance Indonesia                     Fitch Ratings              -          AA-(idn)                       -           30.000             PT BFI Finance Indonesia                  Diukur pada biaya perolehan
                                                                                                                                                                                                              diamortisasi                                                                                                                                                   At amortised cost
                PT Astra Sedaya Finance                            Pefindo              -           idAAA                         -           25.000             PT Astra Sedaya Finance                   Efek-efek                                                                                                                                                       Marketable securities
                PT Bank Negara Indonesia                                                                                                                        PT Bank Negara Indonesia                      Obligasi                                                                                                                                                                   Bonds
                    (Persero) Tbk                                 Pefindo               -         idAAA                           -           13.000                        (Persero) Tbk                        PT Indonesia Asahan                                                                                                                                    PT Indonesia Asahan
                                                                Beragam/                       Beragam/                                                                                                              Aluminium                               Fitch Ratings             BBB-           BBB-                  234.251           155.156                            Aluminium
                                                                                                                                                                                                                 PT Indonesia Asahan                                                                                                                                    PT Indonesia Asahan
                   Lain-lain                                      various               -        various                          -            8.000                                Others                           Aluminium                                   Moody’s               Baa3           Baa3                  160.950           226.328                            Aluminium
                Efek beragun aset                                                                                                                                     Asset-backed security                      PT Pelabuhan Indonesia IV                       Moody‘s               Baa3           Baa3                  160.950           154.718              PT Pelabuhan Indonesia IV
                   PT Sarana Multigriya Finansial                                                                                                            PT Sarana Multigriya Finansial                      PT Perusahaan Listrik                                                                                                                                  PT Perusahaan Listrik
                      (Persero)                                   Pefindo      idAAA(sf)       idAAA(sf)                    42.153            68.874                            (Persero)                            Negara (Persero)                            Moody‘s               Baa2           Baa2                  112.907            77.308                     Negara (Persero)
                                                                                                                                                                                                                 PT Indonesia Infrastructure                                                                                                                       PT Indonesia Infrastructure
                                                                                                                         2.218.166         2.841.892                                                                 Finance                                     Moody‘s               Baa3           Baa3                   96.570            84.706                               Finance
                                                                                                                                                                                                           *)     Informasi peringkat obligasi diperoleh dari Bloomberg yang mencakup                           *)     Information on rating of bonds were obtained from Bloomberg, which is
                                                                                                                                                                                                                  peringkat yang diberikan oleh lembaga pemeringkat seperti Pemeringkat                                based on ratings issued by the rating agencies, such as Pemeringkat Efek
           *)   Informasi peringkat obligasi diperoleh dari Bloomberg yang mencakup                              *)   Information on rating of bonds were obtained from Bloomberg, which is                       Efek Indonesia (Pefindo), Standard and Poor’s, Moody’s dan Fitch                                     Indonesia (Pefindo), Standard and Poor’s, Moody’s and Fitch Ratings.
                peringkat yang diberikan oleh lembaga pemeringkat seperti Pemeringkat                                 based on ratings issued by the rating agencies, such as Pemeringkat Efek                    Ratings.
                Efek Indonesia (Pefindo), Standard and Poor’s, Moody’s dan Fitch                                      Indonesia (Pefindo), Standard and Poor’s, Moody’s and Fitch Ratings.                 **)    Tidak memiliki peringkat.                                                                     **)    No rating.
                Ratings.                                                                                                                                                                                   ***)   Efek-efek yang dimiliki oleh Entitas Anak                                                     ***)   Marketable securities owned by Subsidiary




PT BANK MANDIRI (PERSERO) TBK                                                1436                   157                                                                                                                                                                                   1437
                                                                                                                                                                                                                                                                                             158                                                               ANNUAL REPORT 2024
Page 441
          FINANCIAL STATEMENTS 2024


                                                       PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                                    PT BANK MANDIRI (PERSERO) Tbk.
                                                  DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                                          DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                           NOTES TO THE CONSOLIDATED                                                CATATAN ATAS LAPORAN KEUANGAN                                                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                  FINANCIAL STATEMENTS                                              KONSOLIDASIAN                                                                                                                FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                                  31 DECEMBER 2024 AND 2023                                             31 DESEMBER 2024 DAN 2023                                                                                                31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                         (Expressed in millions of Rupiah, unless otherwise stated)                                      (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                       (Expressed in millions of Rupiah, unless otherwise stated)

7.   EFEK-EFEK (lanjutan)                                                                   7.     MARKETABLE SECURITIES (continued)
                                                                                                                                                                                                 7.   EFEK-EFEK (lanjutan)                                                                 7.     MARKETABLE SECURITIES (continued)
     e.    Rincian obligasi berdasarkan peringkat (lanjutan):                                      e.        Details of bonds by rating (continued):
                                                                                                                                                                                                      g.   Mutasi cadangan kerugian penurunan nilai efek-                                         g.      Movements of allowance for impairment losses on
                                                                                                                   Nilai wajar/biaya perolehan/
                                                                                                                  biaya perolehan diamortisasi/
                                                                                                                                                                                                           efek (lanjutan):                                                                               marketable securities (continued):
                                                                                                                         Fair value/at cost/
                                                                    Peringkat*)/Rating*)                                 at amortised cost                                                                 Mutasi cadangan kerugian penurunan nilai efek-                                                 Movements of allowance for impairment losses on
                                                          Lembaga                                                                                                                                          efek yang diukur pada biaya perolehan                                                          marketable securities measured at amortised cost
                                                        pemeringkat/                                                                                                                                       diamortisasi dan biaya perolehan (lanjutan):                                                   and at cost (continued):
                                                           Rating
                                                          agencies           2024                2023                2024                2023
                                                                                                                                                                                                                                                                                                  2024
           Mata uang asing (lanjutan)                                                                                                                         Foreign currencies (continued)                                                                                                                                Syariah*)/
           Diukur pada biaya perolehan                                                                                                                                                                                                              Stage 1               Stage 2               Stage 3                      Sharia*)                 Total
              diamortisasi (lanjutan)                                                                                                                         At amortised cost (continued)
           Efek-efek (lanjutan)                                                                                                                              Marketable securities (continued)
              Obligasi (lanjutan)                                                                                                                                        Bonds (continued)                 Saldo awal tahun                               17.822                     (4)                        8                 132.449                150.275            Beginning balance
                 Medco Oak Tree Pte Ltd                        Moody‘s              B1                  B1              81.586              77.413               Medco Oak Tree Pte Ltd
                 Medco Maple Tree Pte Ltd                      Moody‘s              B1                   -              64.380                   -             Medco Maple Tree Pte Ltd                    Pengukuran kembali bersih                                                                                                                                     Net remeasurement of
                 PT Bank Negara Indonesia                                                                                                                      PT Bank Negara Indonesia                      penyisihan kerugian                           5.380                      -                        (8)                   9.659                 15.031          losses allowance
                     (Persero) Tbk                             Moody‘s            Ba2               Ba2                 35.087              33.984                        (Persero) Tbk                    Aset keuangan baru yang                                                                                                                                        New financial assets
                 PT Pertamina (Persero)                        Moody‘s           Baa2              Baa2                 31.300              29.204                PT Pertamina (Persero)
                                                                                                                                                                                                             diterbitkan atau                                                                                                                                                   originated or
                 PT Perusahaan Listrik                                                                                                                              PT Perusahaan Listrik
                     Negara (Persero)                          Moody‘s                  -          Baa3                        -            29.888                     Negara (Persero)                      dibeli                                        1.824                      -                          -                         -                1.824                 purchased
                 PT Perusahaan Gas                                                                                                                                   PT Perusahaan Gas                     Aset keuangan yang                                                                                                                                                   Financial asset
                     Negara Tbk                                Moody‘s                  -           Ba2                        -            77.669                          Negara Tbk                       dihentikan pengakuannya                      (2.041)                     -                          -               (106.877)              (108.918)              derecognised
                 PT Bank Rakyat Indonesia                                                                                                                      PT Bank Rakyat Indonesia
                     (Persero) Tbk                             Moody‘s                  -          Baa2                        -            15.414                        (Persero) Tbk                    Total pembentukan/                                                                                                                                                  Total allowance/
                                                                                                                                                                                                              (pembalikan) tahun                                                                                                                                            (reversal) during
                                                                                                                       977.981             961.788
                                                                                                                                                                                                              berjalan                                     5.163                      -                         (8)                (97.218)               (92.063)                  the year
           Total                                                                                                     2.657.383           2.974.720                                      Total              Lain-lain**)                                   (6.715)                     -                          -                       -                 (6.715)                      Others**)

                                                                                                                                                                                                           Saldo akhir tahun                              16.270                     (4)                         -                 35.231                  51.497             Ending balance
           *)   Informasi peringkat obligasi diperoleh dari Bloomberg yang mencakup                          *)   Information on rating of bonds were obtained from Bloomberg, which is
                peringkat yang diberikan oleh lembaga pemeringkat seperti Pemeringkat                             based on ratings issued by the rating agencies, such as Pemeringkat Efek
                Efek Indonesia (Pefindo), Standard and Poor’s, Moody’s dan Fitch                                  Indonesia (Pefindo), Standard and Poor’s, Moody’s and Fitch Ratings.                     *)     Tidak menerapkan PSAK No. 109.                                                          *)          Not implement SFAS No. 109.
                Ratings.                                                                                                                                                                                   **)    Termasuk selisih kurs karena penjabaran mata uang asing.                                **)         Included effect of foreign currency translation.


     f.    Tingkat suku bunga rata-rata (yield) per tahun:                                         f.        Average interest rate (yield) per annum:                                                                                                                                             2023
                                                                                                                                                                                                                                                                                                                            Syariah*)/
                                                                           2024                                   2023                                                                                                                              Stage 1               Stage 2               Stage 3                      Sharia*)                 Total


                                                                                                                                                                                                           Saldo awal tahun                               22.249                1.465                            -                 17.477                  41.191           Beginning balance
           Rupiah                                                                   5,99%                                 6,33%                                      Rupiah
           Mata uang asing (disetarakan                                                                                                     Foreign currencies (equivalent to                              Pengukuran kembali bersih                                                                                                                                     Net remeasurement of
                                                                                                                                                                                                             penyisihan kerugian                          (1.915)              (1.469)                          8                 114.972                111.596           losses allowance
             dalam Rupiah)                                                          4,01%                                 3,84%                                  Rupiah)                                   Aset keuangan baru yang                                                                                                                                        New financial assets
                                                                                                                                                                                                             diterbitkan atau                                                                                                                                                   originated or
     g.    Mutasi cadangan kerugian penurunan nilai efek-                                          g.        Movements of allowance for impairment losses on                                                 dibeli                                        1.732                      -                          -                         -                1.732                 purchased
           efek:                                                                                             marketable securities:                                                                        Aset keuangan yang                                                                                                                                                   Financial asset
                                                                                                                                                                                                             dihentikan pengakuannya                      (1.781)                     -                          -                         -               (1.781)             derecognised
           Mutasi cadangan kerugian penurunan nilai efek-                                                    Movements of allowance for impairment losses on                                               Total pembentukan/                                                                                                                                                 Total allowance/
           efek yang diukur pada biaya perolehan                                                             marketable securities measured at amortised cost                                                 (pembalikan)                                                                                                                                                        (reversal)
           diamortisasi dan biaya perolehan:                                                                 and at cost:                                                                                     tahun berjalan                              (1.964)              (1.469)                          8                 114.972                111.547             during the year
                                                                                                                                                                                                           Lain-lain**)                                   (2.463)                   -                           -                       -                 (2.463)                      Others**)
                                                                           2024                                   2023
                                                                                                                                                                                                           Saldo akhir tahun                              17.822                     (4)                        8                 132.449                150.275              Ending balance

           Saldo awal tahun                                                     150.275                                  41.191                                  Beginning balance                         *)    Tidak menerapkan PSAK No. 109.                                                           *)          Not implement SFAS No. 109.
           Pembalikan/(pembentukan)                                                                                                                            Reversal/(allowance)                        **) Termasuk selisih kurs karena penjabaran mata uang asing.                                   **)         Included effect of foreign currency translation.
             selama tahun berjalan                                                                                                                                during the year
             (Catatan 46)                                                       (92.063 )                              111.547                                          (Note 46)                          Mutasi cadangan kerugian penurunan nilai efek-                                                 Movements of allowance for impairment losses on
           Lain-lain*)                                                           (6.715 )                               (2.463 )                                             Others*)                      efek yang diukur pada biaya perolehan                                                          marketable securities measured at amortised cost
                                                                                                                                                                                                           diamortisasi dan biaya perolehan:                                                              and at cost:
           Saldo akhir tahun                                                     51.497                                150.275                                       Ending balance
                                                                                                                                                                                                                                                                             2024                                2023
           *)   Termasuk selisih kurs karena penjabaran mata uang asing.                                     *)   Included effect of foreign currency translation.                                         Saldo awal tahun                                                         30.311                                    9.230                             Beginning balance
                                                                                                                                                                                                           (Pembentukan)/pembalikan selama                                                                                                             (Allowance)/reversal during
                                                                                                                                                                                                             tahun berjalan (Catatan 46)                                            (20.678 )                               21.081                           the year (Note 46)

                                                                                                                                                                                                           Saldo akhir tahun                                                         9.633                                  30.311                                        Ending balance



PT BANK MANDIRI (PERSERO) TBK                                              1438                  159                                                                                                                                                                                   1439
                                                                                                                                                                                                                                                                                          160                                                                   ANNUAL REPORT 2024
Page 442
          FINANCIAL STATEMENTS 2024


                                                        PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                PT BANK MANDIRI (PERSERO) Tbk.
                                                   DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                    NOTES TO THE CONSOLIDATED                                                   CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                           FINANCIAL STATEMENTS                                                 KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                           31 DECEMBER 2024 AND 2023                                                31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                  (Expressed in millions of Rupiah, unless otherwise stated)                                         (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

7.   EFEK-EFEK (lanjutan)                                                            7.     MARKETABLE SECURITIES (continued)                                                                7.   EFEK-EFEK (lanjutan)                                       7.     MARKETABLE SECURITIES (continued)

     g.    Mutasi cadangan kerugian penurunan nilai efek-                                   g.      Movements of allowance for impairment losses on                                               h.   Informasi mengenai pengelompokan berdasarkan                 h.   Information in respect of classification of
           efek (lanjutan):                                                                         marketable securities (continued):                                                                 kelompok “tidak mengalami penurunan nilai” dan                    “non-impaired” and “impaired” from sharia
                                                                                                                                                                                                       “mengalami penurunan nilai” untuk aset                            Subsidiary are disclosed in Note 62A.
                                                                                                                                                                                                       keuangan dari Entitas Anak syariah diungkapkan
           Mutasi cadangan kerugian penurunan nilai efek-                                           Movements of allowance for impairment losses on                                                    pada Catatan 62A.
           efek yang diukur pada nilai wajar melalui                                                marketable securities measured at fair value
           penghasilan komprehensif lain (lanjutan):                                                through other comprehensive income (continued):                                               i.   Investasi dalam unit reksa dana pada Bank                    i.   Investment in mutual fund of the Bank measured at
                                                                                                                                                                                                       Mandiri saja yang diklasifikasikan sebagai diukur                 fair value through other comprehensive income on
                                                                                            2024                                                                                                       pada     nilai  wajar      melalui   penghasilan                  31 December 2024 and 2023:
                                                                                                                                                                                                       komprehensif lain pada tanggal 31 Desember
                                                                                                                    Syariah*)/                                                                         2024 dan 2023:
                                                    Stage 1            Stage 2            Stage 3                    Sharia*)                 Total
                                                                                                                                                                                                                                                  2024                     2023
           Saldo awal tahun                               5.461                  -               24.850                            -               30.311            Beginning balance

           Pengukuran kembali bersih                                                                                                                             Net remeasurement of                  Reksa Dana Terproteksi Syailendra                                                  Protected Mutual Fund Syailendra
             penyisihan kerugian                         (1.977)                 -               (5.918)                           -               (7.895)         losses allowance                      Capital Protected Fund 45                  1.447.550                1.443.842          Capital Protected Fund 45
           Aset keuangan baru yang                                                                                                                                New financial assets                 Reksa Dana Terproteksi Manulife                                                      Protected Mutual Fund Manulife
             diterbitkan atau                                                                                                                                           originated or                    Proteksi Dana Utama III                    1.321.424                1.314.820            Proteksi Dana Utama III
             dibeli                                         144                  -                        -                        -                   144                purchased                    Reksa Dana Terproteksi Syailendra                                                  Protected Mutual Fund Syailendra
           Aset keuangan yang                                                                                                                                           Financial asset                  Capital Protected Fund 53                  1.025.354                1.022.063          Capital Protected Fund 53
             dihentikan pengakuannya                       (916)                 -           (12.011)                              -              (12.927)             derecognised
                                                                                                                                                                                                       Reksa Dana Terproteksi Syailendra                                                  Protected Mutual Fund Syailendra
           Total pembalikan                                                                                                                                              Total reversal
                                                                                                                                                                                                         Capital Protected Fund 52                  1.023.324                1.020.817          Capital Protected Fund 52
              tahun berjalan                             (2.749)                 -           (17.929)                              -              (20.678)         during the period                   Reksa Dana Terproteksi BNI AM                                                         Protected Mutual Fund BNI AM
                                                                                                                                                                                                         Proteksi Orchid                            1.015.730                1.011.260                     Proteksi Orchid
           Saldo akhir tahun                              2.712                  -               6.921                             -                9.633              Ending balance                  Reksa Dana Terproteksi BNI AM                                                         Protected Mutual Fund BNI AM
                                                                                                                                                                                                         Proteksi Sunflower                         1.010.117                1.009.474                  Proteksi Sunflower
                                                                                                                                                                                                       Reksa Dana Trimegah Terproteksi 21           1.007.889                1.004.005 Protected Mutual Fund Trimegah 21
           *)    Tidak menerapkan PSAK No.109.                                                      *)        Not implement SFAS No. 109.
                                                                                                                                                                                                       Reksa Dana Terproteksi Panin 17                993.523                  993.148      Protected Mutual Fund Panin 17
                                                                                            2023
                                                                                                                                                                                                       Reksa Dana Terproteksi BNP Paribas                                               Protected Mutual Fund BNP Paribas
                                                                                                                                                                                                         Selaras VI                                     991.762                991.745                          Selaras VI
                                                                                                                    Syariah*)/                                                                         Reksa Dana Trimegah Terproteksi 24               912.804                910.894 Protected Mutual Fund Trimegah 24
                                                    Stage 1            Stage 2            Stage 3                    Sharia*)                 Total                                                    Reksa Dana Terproteksi BNI AM                                                         Protected Mutual Fund BNI AM
                                                                                                                                                                                                         Proteksi Rasamala                              766.342                762.945                 Proteksi Rasamala
           Saldo awal tahun                               9.230                  -                        -                        -                  9.230           Beginning balance
                                                                                                                                                                                                       Reksa Dana Terproteksi Manulife                                                      Protected Mutual Fund Manulife
                                                                                                                                                                                                         Proteksi Dana Utama II                         763.380                761.243            Proteksi Dana Utama II
           Pengalihan ke/(dari) :                                                                                                                                      Transfer to/(from):             Reksa Dana Trimegah Terproteksi 26               762.014                761.277 Protected Mutual Fund Trimegah 26
             - Kerugian kredit ekspektasian                                                                                                                         Lifetime expected -                Reksa Dana Terproteksi BNI AM                                                         Protected Mutual Fund BNI AM
                  sepanjang umurnya -                                                                                                                                  credit losses                     Proteksi Magnifera                             761.369                758.572                  Proteksi Magnifera
                 mengalami penurunan nilai                                                                                                                                - impaired
                                                                                                                                                                                                       Reksa Dana Danareksa Proteksi 81                 760.305                758.318 Protected Mutual Fund Danareksa 81
                 (stage 3)                                 (480)                 -                  480                            -                      -                (stage 3)
                                                                                                                                                                                                       Reksa Dana Terproteksi Syailendra                                                  Protected Mutual Fund Syailendra
            Total saldo awal setelah                                                                                                                              Total beginning balance                Capital Protected Fund 46                      756.334                755.171          Capital Protected Fund 46
              pengalihan                                  8.750                  -                  480                            -                  9.230                 after transfer             Reksa Dana Danareksa                                                                          Protected Mutual Fund
           Pengukuran kembali bersih                                                                                                                              Net remeasurement of
                                                                                                                                                                                                         Proteksi 79                                    710.675                710.878             Danareksa Proteksi 79
              penyisihan kerugian                        (2.525)                 -               24.311                            -               21.786          losses allowance                    Reksa Dana Terproteksi Panin 26                  606.806                603.447      Protected Mutual Fund Panin 26
           Pengalihan ke/(dari) :                                                                                                                                     Transfer to/(from):              Reksa Dana Terproteksi BNP                                                               Protected Mutual Fund BNP
             - Kerugian kredit ekspektasian                                                                                                                        Lifetime expected -                   Paribas Selaras V                              501.066                501.059                   Paribas Selaras V
                  sepanjang umurnya -                                                                                                                                  credit losses                   Reksa Dana Terproteksi Bahana                                                         Protected Mutual Fund Bahana
                 mengalami penurunan nilai                                                                                                                                - impaired                     Centrum Protected Fund 221                     499.384                497.771       Centrum Protected Fund 221
                 (stage 3)                                    (59)               -                       59                        -                      -                (stage 3)                   Reksa Dana Terproteksi Bahana                                                         Protected Mutual Fund Bahana
           Total saldo pengukuran                                                                                                                                               Total net                Centrum Protected Fund 222                     496.520                494.800       Centrum Protected Fund 222
              kembali bersih                                                                                                                                      remeasurement of                     Reksa Dana Terproteksi BMI                                                                Protected Mutual Fund BMI
              penyisihan kerugian                         (2.584)                -               24.370                            -               21.786           losses allowance                     Indo Proteksi Sinergi 1                              -                501.931             Indo Proteksi Sinergi 1
           Aset keuangan yang                                                                                                                                            Financial asset
                                                                                                                                                                                                                                                   18.133.672              18.589.480
             dihentikan pengakuannya                       (705)                 -                        -                        -                   (705)            derecognised

           Total pembentukan/                                                                                                                                           Total allowance/
              (pembalikan)                                                                                                                                                 (reversal)             j.   Pada tanggal 31 Desember 2024, saldo efek-efek               j.   As of 31 December 2024, securities with total
              tahun berjalan                             (3.289)                 -               24.370                            -               21.081             during the year                  yang dijual dengan janji untuk dibeli kembali                     amount of USD38,809,348 (full amount) and
                                                                                                                                                                                                       masing-masing sebesar USD38.809.348 (nilai                        Rp2,936,512, respectively were sold under
           Saldo akhir tahun                              5.461                  -               24.850                            -               30.311               Ending balance
                                                                                                                                                                                                       penuh) dan Rp2.936.512 (2023: USD62.220.523                       repurchase agreements (2023: USD62,220,523
                                                                                                                                                                                                       (nilai penuh) dan RpNihil).                                       (full amount) and RpNil).
           *)    Tidak menerapkan PSAK No. 109.                                                     *)        Not implement SFAS No. 109.
           **)   Termasuk selisih kurs karena penjabaran mata uang asing.                           **)       Included effect of foreign currency translation.                                    k.   Berdasarkan kolektibilitas sesuai POJK:                      k.   By collectability based on FSA regulation:
           Manajemen      berpendapat bahwa     jumlah                                              Management believes that the allowance for                                                         Kolektibilitas efek-efek sesuai POJK diungkapkan                  Collectability of  marketable    securities  in
           cadangan kerugian penurunan nilai efek-efek                                              impairment losses on marketable securities is                                                      pada Catatan 65.                                                  accordance with FSA regulation are disclosed in
           telah memadai.                                                                           adequate.                                                                                                                                                            Note 65.


PT BANK MANDIRI (PERSERO) TBK                                               1440          161                                                                                                                                                              144162                                      ANNUAL REPORT 2024
Page 443
            FINANCIAL STATEMENTS 2024


                                                             PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                           PT BANK MANDIRI (PERSERO) Tbk.
                                                        DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                                 DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                             NOTES TO THE CONSOLIDATED                                          CATATAN ATAS LAPORAN KEUANGAN                                                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                    FINANCIAL STATEMENTS                                        KONSOLIDASIAN                                                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                                    31 DECEMBER 2024 AND 2023                                       31 DESEMBER 2024 DAN 2023                                                                                                 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                           (Expressed in millions of Rupiah, unless otherwise stated)                                (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                        (Expressed in millions of Rupiah, unless otherwise stated)


8.   OBLIGASI PEMERINTAH                                                                      8.     GOVERNMENT BONDS                                                                        8.   OBLIGASI PEMERINTAH (lanjutan)                                                        8.     GOVERNMENT BONDS (continued)

     Akun ini terdiri dari obligasi yang dikeluarkan oleh                                            This account consists of bonds issued by Government
     Pemerintah Republik Indonesia yang diperoleh Grup                                               of the Republic of Indonesia which are obtained by the                                       a.   Berdasarkan jatuh tempo (lanjutan)                                                      a.   By maturity (continued)
     dari pasar primer dan sekunder pada tanggal                                                     Group from primary and secondary markets as of
     31 Desember 2024 dan 2023 dengan rincian sebagai                                                31 December 2024 and 2023, with details as follows:
     berikut:                                                                                                                                                                                          Obligasi Pemerintah berdasarkan sisa umur jatuh                                              The government bonds, by remaining period of
                                                                                                                                                                                                       temponya adalah sebagai berikut (lanjutan):                                                  maturity, are as follows (continued):
                                                                                   2024                          2023
                                                                                                                                                                                                                                                                            2024                           2023
     Pihak berelasi (Catatan 56)                                                                                                                    Related parties (Note 56)
     Obligasi Pemerintah                                                                                                                                  Government bonds                             Rupiah (lanjutan)                                                                                                                            Rupiah (continued)
       Diukur pada biaya perolehan
         diamortisasi ***)                                                       153.035.870                    163.194.756                               At amortised cost***)                        Diukur pada nilai wajar melalui                                                                                                             Fair value through
       Diukur pada nilai wajar melalui                                                                                                                   Fair value through                              penghasilan                                                                                                                           other comprehensive
         penghasilan                                                                                                                                other comprehensive
                                                                                                                                                                                                         komprehensif lain ***)                                                                                                                            income ***)
         komprehensif lain ***)                                                    82.065.670                    90.640.924                                        income***)
       Diukur pada biaya perolehan *)                                              22.560.953                    34.541.812                                          At cost *)                          Obligasi Pemerintah                                                                                                                      Government bonds
       Diukur pada nilai wajar                                                                                                                           Fair value through                                Kurang dari 1 tahun                                               2.310.720                      8.640.353                             Less than 1 year
         melalui laba rugi ***)                                                    17.761.405                    12.078.509                                profit or loss***)
                                                                                                                                                                                                           1 - 5 tahun                                                      21.492.825                     10.414.314                                   1 - 5 years
     Investasi pada unit-link **)                                                                                                     Investments in unit-link contracts **)                               5 - 10 tahun                                                     27.154.325                     37.604.603                                  5 - 10 years
       Diukur pada nilai wajar                                                                                                                      Fair value through                                     Lebih dari 10 tahun                                               6.592.420                      6.642.427                                Over 10 years
         melalui laba rugi                                                         11.848.761                     8.726.970                             profit or loss

                                                                                 287.272.659                    309.182.971                                                                                                                                                 57.550.290                     63.301.697

     *)      Obligasi Pemerintah yang dimiliki oleh Entitas Anak yang diklasifikasikan                    *)   Government bonds owned by Subsidiary are classified based on SFAS
             sesuai dengan PSAK No. 410 “Akuntansi Sukuk”.                                                     No. 410 “Accounting for Sukuk”.
     **)     Investasi pada unit-link adalah investasi yang dimiliki oleh pemegang polis
             pada kontrak unit-link Entitas Anak yang disajikan sebesar nilai wajar.
                                                                                                          **) Investments in unit-link contracts are investments owned by
                                                                                                               policyholders of unit-link contracts of Subsidiary which are presented at
                                                                                                                                                                                                       Diukur pada biaya perolehan
     ***)    Termasuk project-based sukuk dan sukuk ritel.
                                                                                                               fair value.
                                                                                                          ***) Including project-based sukuk and retail sukuk.
                                                                                                                                                                                                         diamortisasi ***)                                                                                                                          At amortised cost ***)
                                                                                                                                                                                                         Obligasi Pemerintah                                                                                                                        Government bonds
     a.      Berdasarkan jatuh tempo                                                                 a.   By maturity                                                                                      Kurang dari 1 tahun                                              14.738.503                      9.217.068                               Less than 1 year
             Obligasi Pemerintah berdasarkan sisa umur jatuh                                              The government bonds, by remaining period of                                                     1 - 5 tahun                                                      40.495.071                     46.208.011                                     1 - 5 years
             temponya adalah sebagai berikut:                                                             maturity, are as follows:                                                                        5 - 10 tahun                                                     41.548.601                     39.682.824                                    5 - 10 years
                                                                                                                                                                                                           Lebih dari 10 tahun                                              30.833.575                     43.266.753                                  Over 10 years
                                                                                   2024                          2023

             Rupiah                                                                                                                                                      Rupiah                                                                                           127.615.750                     138.374.656
             Diukur pada nilai wajar                                                                                                                        Fair value through
               melalui laba rugi ***)                                                                                                                        profit or loss ***)
               Obligasi Pemerintah                                                                                                                         Government bonds
                 Kurang dari 1 tahun                                                 1.417.906                    2.296.373                                Less than 1 year                            Diukur pada biaya perolehan*)                                                                                                                              At cost*)
                 1 - 5 tahun                                                         8.113.160                    3.865.009                                      1 - 5 years
                 5 - 10 tahun                                                        4.181.607                    3.452.661                                    5 - 10 years                              Obligasi Pemerintah                                                                                                                         Government bonds
                 Lebih dari 10 tahun                                                 3.610.894                    2.326.789                                  Over 10 years                                 Kurang dari 1 tahun                                               7.938.536                     11.930.564                                Less than 1 year
                                                                                                                                                                                                           1 - 5 tahun                                                      13.005.252                     19.977.300                                      1 - 5 years
                                                                                   17.323.567                    11.940.832
                                                                                                                                                                                                           5 - 10 tahun                                                        216.072                      1.217.887                                    5 - 10 years
                                                                                                                                                                                                           Lebih dari 10 tahun                                                 967.513                        966.921                                  Over 10 years
                    Investasi pada unit-link **)                                                                                                  Investments in unit-link**)
                      Kurang dari 1 tahun                                              110.370                      171.717                            Less than 1 year
                      1 - 5 tahun                                                    2.969.797                    1.507.762                                  1 - 5 years                                                                                                    22.127.373                     34.092.672
                      5 - 10 tahun                                                   3.756.883                    4.389.123                                5 - 10 years
                      Lebih dari 10 tahun                                            4.216.285                    2.616.743                              Over 10 years                                 Total                                                              235.670.315                     256.395.202                                                        Total

                                                                                   11.053.335                     8.685.345
                                                                                                                                                                                                       *)     Obligasi Pemerintah yang dimiliki oleh Entitas Anak yang                              *)      Government bonds owned by Subsidiary are classified based on SFAS
                                                                                   28.376.902                    20.626.177                                                                                   diklasifikasikan sesuai dengan PSAK No. 410 “Akuntansi Sukuk”.                                No. 410 “Accounting for Sukuk”.
                                                                                                                                                                                                       **)    Investasi pada unit-link adalah investasi yang dimiliki oleh pemegang                 **)     Investments in unit-link contracts are investments owned by
             *)      Obligasi Pemerintah yang dimiliki oleh Entitas Anak yang                             *)      Government bonds owned by Subsidiary are classified based on SFAS                           polis pada kontrak unit-link Entitas Anak yang disajikan sebesar nilai                        policyholders of Subsidiary’s unit-link contracts which are presented at
                     diklasifikasikan sesuai dengan PSAK No. 410 “Akuntansi Sukuk”.                               No. 410 “Accounting for Sukuk”.
                                                                                                                                                                                                              wajar.                                                                                        fair value.
             **)     Investasi pada unit-link adalah investasi yang dimiliki oleh pemegang                **)     Investments in unit-link contracts are investments owned by
                     polis pada kontrak unit-link Entitas Anak yang disajikan sebesar nilai                       policyholders of Subsidiary’s unit-link contracts which are presented at             ***)   Termasuk project based sukuk dan sukuk ritel.                                         ***)    Including project-based sukuk and retail sukuk.
                     wajar.                                                                                       fair value.
             ***)    Termasuk project-based sukuk dan sukuk ritel.                                        ***)    Including project-based sukuk and retail sukuk.




PT BANK MANDIRI (PERSERO) TBK                                                     1442             163                                                                                                                                                                                 1443
                                                                                                                                                                                                                                                                                          164                                                       ANNUAL REPORT 2024
Page 444
          FINANCIAL STATEMENTS 2024


                                                         PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                        PT BANK MANDIRI (PERSERO) Tbk.
                                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                              DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                         NOTES TO THE CONSOLIDATED                                        CATATAN ATAS LAPORAN KEUANGAN                                                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                FINANCIAL STATEMENTS                                      KONSOLIDASIAN                                                                                                                  FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                                31 DECEMBER 2024 AND 2023                                     31 DESEMBER 2024 DAN 2023                                                                                                  31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                       (Expressed in millions of Rupiah, unless otherwise stated)                              (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                         (Expressed in millions of Rupiah, unless otherwise stated)

8.   OBLIGASI PEMERINTAH (lanjutan)                                                       8.     GOVERNMENT BONDS (continued)                                                          8.   OBLIGASI PEMERINTAH (lanjutan)                                                         8.     GOVERNMENT BONDS (continued)
     a.    Berdasarkan jatuh tempo (lanjutan)                                                    a.   By maturity (continued)                                                               b.   Berdasarkan jenis                                                                        b.      By type
           Obligasi Pemerintah berdasarkan sisa umur jatuh                                            The government bonds, by remaining period of                                                                                                                                      2024
           temponya adalah sebagai berikut (lanjutan):                                                maturity, are as follows (continued):                                                                                                       Nominal/
                                                                                                                                                                                                                                                   biaya           Tingkat
                                                                               2024                        2023                                                                                                                                  perolehan/          suku
                                                                                                                                                                                                                                                   biaya            bunga
                                                                                                                                                                                                                                                 perolehan            per                                                Frekuensi
                                                                                                                                                                                                                                                diamortisasi/       tahun/                                              pembayaran
           Mata uang asing                                                                                                                            Foreign currencies                                                                          Nominal/         Interest                               Tanggal           bunga/
                                                                                                                                                                                                                                                    cost             rates                             jatuh tempo/     Frequency of
           Diukur pada nilai wajar melalui                                                                                                            Fair value through                                                                         amortised            per        Nilai wajar/             Maturity         interest
             laba rugi                                                                                                                                    profit or loss                                                                            cost            annum        Fair value                dates          payment

             Obligasi Pemerintah                                                                                                                     Government bonds                            Rupiah                                                                                                                                                                     Rupiah
               Kurang dari 1 tahun                                                  298.570                      7.901                               Less than 1 year                            Diukur pada nilai wajar                                                                                                                                        Fair value through
                                                                                                                                                                                                    melalui laba rugi **)                                                                                                                                       profit or loss **)
               1 - 5 tahun                                                           35.980                    123.814                                     1 - 5 years                           Obligasi Pemerintah                                                                                                                                            Government bonds
               5 - 10 tahun                                                         102.014                      1.607                                   5 - 10 years                            Obligasi suku bunga tetap                          17.166.342
                                                                                                                                                                                                                                                                     4,88% -
                                                                                                                                                                                                                                                                     12,00%       17.205.878
                                                                                                                                                                                                                                                                                                        15/01/2025 -
                                                                                                                                                                                                                                                                                                         15/07/2064
                                                                                                                                                                                                                                                                                                                       1 dan 6 bulan/
                                                                                                                                                                                                                                                                                                                      1 and 6 months                                Fixed rate bonds
               Lebih dari 10 tahun                                                    1.274                      4.355                                 Over 10 years                             Obligasi suku bunga mengambang                        116.437        6,04%          117.689             25/04/2025 3 bulan/3 months                             Floating rate bonds

                                                                                                                                                                                                                                                    17.282.779                    17.323.567
                                                                                    437.838                    137.677                                                                           Investasi pada unit-link*)                                                                                                                      Investments in unit-link contracts*)
                                                                                                                                                                                                                                                                     4,88% -                            16/01/2025 -     1 dan 6 bulan/
                                                                                                                                                                                                 Obligasi suku bunga tetap                          11.053.335       11,00%       11.053.335             15/07/2064     1 and 6 months                             Fixed rate bonds
                Investasi pada unit-link *)                                                                                                  Investments in unit-link*)
                  1 - 5 tahun                                                       231.911                      11.432                                1 - 5 years                               Diukur pada nilai wajar
                                                                                                                                                                                                    melalui penghasilan
                                                                                                                                                                                                                                                                                                                                                               Fair value through
                                                                                                                                                                                                                                                                                                                                                         other comprehensive
                  5 - 10 tahun                                                      144.374                       9.767                               5 - 10 years                                  komprehensif lain **)                                                                                                                                             income**)
                                                                                                                                                                                                 Obligasi Pemerintah                                                                                                                                            Government bonds
                  Lebih dari 10 tahun                                               419.141                      20.426                             Over 10 years                                                                                                     4,88% -                           15/06/2025 -     1 dan 6 bulan/
                                                                                                                                                                                                 Obligasi suku bunga tetap                          56.952.345       11,00%       57.550.290             15/07/2054     1 and 6 months                             Fixed rate bonds
                                                                                    795.426                      41.625                                                                          Mata uang asing                                                                                                                                               Foreign currencies
                                                                                                                                                                                                 Diukur pada nilai wajar                                                                                                                                       Fair value through
                                                                                                                                                                                                    melalui laba rugi                                                                                                                                            profit or loss
                                                                                 1.233.264                     179.302                                                                           Obligasi Pemerintah
                                                                                                                                                                                                                                                                     1,50% -                            15/01/2025 -
                                                                                                                                                                                                                                                                                                                                                                Government bonds

                                                                                                                                                                                                 Obligasi suku bunga tetap                             436.203        5,40%            437.838           12/03/2071 6 bulan/6 months                               Fixed rate bonds
           Diukur pada nilai wajar melalui                                                                                                          Fair value through                           Investasi pada unit-link*)                                                                                                                      Investments in unit-link contracts*)
             penghasilan                                                                                                                       other comprehensive                                                                                                   1,50% -                            08/01/2026 -     1 dan 6 bulan/
                                                                                                                                                                                                 Obligasi suku bunga tetap                             795.426        8,50%            795.426           12/03/2071     1 and 6 months                             Fixed rate bonds
             komprehensif lain                                                                                                                                 income
             Obligasi Pemerintah                                                                                                                  Government bonds                               Diukur pada nilai wajar                                                                                                                                       Fair value through
               Kurang dari 1 tahun                                              3.220.709                    3.771.298                            Less than 1 year                                  melalui penghasilan                                                                                                                                  other comprehensive
                                                                                                                                                                                                    komprehensif lain                                                                                                                                                  income
               1 - 5 tahun                                                     10.652.125                   10.009.244                                   1 - 5 years                             Obligasi Pemerintah                                                                                                                                            Government bonds
               5 - 10 tahun                                                     9.280.581                   11.858.513                                 5 - 10 years                              Obligasi suku bunga tetap                          26.352.330
                                                                                                                                                                                                                                                                     1,00% -
                                                                                                                                                                                                                                                                      8,50%       24.515.380
                                                                                                                                                                                                                                                                                                        15/01/2025 -
                                                                                                                                                                                                                                                                                                         20/09/2052 6 bulan/6 months                               Fixed rate bonds
               Lebih dari 10 tahun                                              1.361.965                    1.700.172                               Over 10 years
                                                                                                                                                                                                 *)    Investasi pada unit-link adalah investasi yang dimiliki oleh pemegang                      *)     Investments in unit-link contracts are investments owned by
                                                                               24.515.380                   27.339.227                                                                                 polis pada kontrak unit-link Entitas Anak yang disajikan sebesar nilai
                                                                                                                                                                                                       wajar.
                                                                                                                                                                                                                                                                                                         policyholders of unit-link contracts of Subsidiary which are presented at
                                                                                                                                                                                                                                                                                                         fair value.
                                                                                                                                                                                                 **)   Termasuk project based sukuk dan sukuk ritel.                                              **)    Including project-based sukuk and retail sukuk.

                                                                                                                                                                                                                                                                                        2024
           Diukur pada biaya perolehan
             diamortisasi                                                                                                                              At amortised cost                                                                          Nominal/
                                                                                                                                                                                                                                                   biaya
             Obligasi Pemerintah                                                                                                                     Government bonds                                                                            perolehan/
               Kurang dari 1 tahun                                                621.045                      271.475                               Less than 1 year                                                                              biaya
                                                                                                                                                                                                                                                 perolehan                                                               Frekuensi
               1 - 5 tahun                                                     10.782.117                    5.363.620                                     1 - 5 years                                                                          diamortisasi/            Tingkat                                        pembayaran
                                                                                                                                                                                                                                                  Nominal/             suku bunga                   Tanggal                 bunga/
               5 - 10 tahun                                                    13.750.965                   18.944.752                                   5 - 10 years                                                                               cost/               per tahun/               jatuh tempo/           Frequency of
               Lebih dari 10 tahun                                                265.993                      240.253                                 Over 10 years                                                                             amortised
                                                                                                                                                                                                                                                    cost
                                                                                                                                                                                                                                                                      Interest rates
                                                                                                                                                                                                                                                                       per annum
                                                                                                                                                                                                                                                                                                    Maturity
                                                                                                                                                                                                                                                                                                     Dates
                                                                                                                                                                                                                                                                                                                           interest
                                                                                                                                                                                                                                                                                                                          payment
                                                                                                                                                                                                 Rupiah                                                                                                                                                                      Rupiah
                                                                               25.420.120                   24.820.100                                                                           Diukur pada biaya perolehan
                                                                                                                                                                                                    diamortisasi **)                                                                                                                                          At amortised cost**)
                                                                                                                                                                                                 Obligasi Pemerintah                                                                                                                                            Government bonds
                                                                                                                                                                                                                                                                                4,90% -                 15/02/2025 -      1 dan 6 bulan/
                                                                                                                                                                                                 Obligasi suku bunga tetap                        127.615.750                   12,00%                   15/06/2042
           Diukur pada biaya perolehan                                                                                                                             At cost                                                                                                                                              1 and 6 months                             Fixed rate bonds

             Obligasi Pemerintah                                                                                                                     Government bonds
                                                                                                                                                                                                 Diukur pada biaya perolehan*)                                                                                                                                          At cost*)
               Kurang dari 1 tahun                                                  142.355                    157.283                               Less than 1 year                            Obligasi Pemerintah                                                                                                                                             Government bonds
               1 - 5 tahun                                                          291.225                    291.857                                     1 - 5 years                           Obligasi suku bunga tetap                          22.127.373
                                                                                                                                                                                                                                                                                4,88% -
                                                                                                                                                                                                                                                                                10,25%
                                                                                                                                                                                                                                                                                                        10/03/2025 -
                                                                                                                                                                                                                                                                                                         15/04/2043
                                                                                                                                                                                                                                                                                                                          1 dan 6 bulan/
                                                                                                                                                                                                                                                                                                                        1 and 6 months                             Fixed rate bonds

                                                                                    433.580                    449.140                                                                           Mata uang asing                                                                                                                                               Foreign currencies
                                                                                                                                                                                                 Diukur pada biaya perolehan
                                                                                                                                                                                                    diamortisasi                                                                                                                                                 At amortised cost
                                                                                                                                                                                                 Obligasi Pemerintah                                                                                                                                             Government bonds
                                                                                                                                                                                                                                                                                1,50% -                 15/01/2025 -
           Total (Catatan 62.B.(iv))                                           51.602.344                   52.787.769                              Total (Note 62.B.(iv))                       Obligasi suku bunga tetap                          25.420.120                   8,50%                   17/02/2037 6 bulan/6 months                               Fixed rate bonds


                                                                             287.272.659                   309.182.971                                                                           Diukur pada biaya perolehan                                                                                                                                              At cost
                                                                                                                                                                                                 Obligasi Pemerintah                                                                                                                                             Government bonds
                                                                                                                                                                                                                                                                                2,30% -                 28/05/2025 -
                                                                                                                                                                                                 Obligasi suku bunga tetap                             433.580                   5,10%                   02/07/2029 6 bulan/6 months                               Fixed rate bonds
           *)    Investasi pada unit-link adalah investasi yang dimiliki oleh pemegang                *)    Investments in unit-link contracts are investments owned by
                 polis pada kontrak unit-link Entitas Anak yang disajikan sebesar nilai                     policyholders of Subsidiary’s unit-link contracts which are presented at             *)    Obligasi Pemerintah yang dimiliki Entitas Anak yang diklasifikasikan                        *)    Government bonds owned by Subsidiary are classified based on SFAS
                 wajar.                                                                                     fair value.                                                                                sesuai dengan PSAK No. 410 “Akuntansi Sukuk”.                                                     No. 410 “Accounting for Sukuk”.
                                                                                                                                                                                                 **)   Termasuk project based sukuk dan sukuk ritel.                                              **)    Including project-based sukuk and retail sukuk.


PT BANK MANDIRI (PERSERO) TBK                                                 1444             165                                                                                                                                                                              1445
                                                                                                                                                                                                                                                                                   166                                                            ANNUAL REPORT 2024
Page 445
          FINANCIAL STATEMENTS 2024


                                                         PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                    PT BANK MANDIRI (PERSERO) Tbk.
                                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                          DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                            NOTES TO THE CONSOLIDATED                                                CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                   FINANCIAL STATEMENTS                                              KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                                   31 DECEMBER 2024 AND 2023                                             31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                          (Expressed in millions of Rupiah, unless otherwise stated)                                      (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

8.   OBLIGASI PEMERINTAH (lanjutan)                                                          8.     GOVERNMENT BONDS (continued)
                                                                                                                                                                                                  8.   OBLIGASI PEMERINTAH (lanjutan)                             8.     GOVERNMENT BONDS (continued)
     b.    Berdasarkan jenis (lanjutan)                                                             b.      By type (continued)
                                                                                                                                                                                                       c.   Informasi lain                                               c.   Other information
                                                                                                  2023

                                                            Nominal/                                                                                                                                        Pada tanggal 31 Desember 2024, Obligasi                           As of 31 December 2024, Government Bonds with
                                                             biaya           Tingkat
                                                           perolehan/          suku                                                                                                                         Pemerintah      dengan       jumlah     nominal                   total nominal amount of USD1,986,816,063
                                                             biaya
                                                           perolehan
                                                                              bunga
                                                                                per                                                Frekuensi
                                                                                                                                                                                                            USD1.986.916.063      (nilai     penuh)    dan                    (full amount)    and    Rp54,608,607    (2023:
                                                          diamortisasi/       tahun/                                              pembayaran                                                                Rp54.608.607 (2023: USD2.245.768.868 (nilai                       USD2,245,768,868 (full amount) and RpNil) were
                                                            Nominal/         Interest                               Tanggal           bunga/
                                                              cost/            rates                             jatuh tempo/     Frequency of                                                              penuh) dan RpNihil) telah dijual dengan janji                     sold under repurchase agreements.
                                                           amortised
                                                              cost
                                                                                per
                                                                              annum
                                                                                           Nilai wajar/
                                                                                           Fair value
                                                                                                                    Maturity
                                                                                                                     dates
                                                                                                                                     interest
                                                                                                                                    payment
                                                                                                                                                                                                            untuk dibeli kembali.

           Rupiah                                                                                                                                                                     Rupiah                Pada tanggal 31 Desember 2024 dan 2023,                           As of 31 December 2024 and 2023, Bank
           Diukur pada nilai wajar
              melalui laba rugi **)
                                                                                                                                                                          Fair value through
                                                                                                                                                                          profit or loss **)                kolektibilitas Bank Indonesia untuk Obligasi                      Indonesia’s collectability for government bonds is
           Obligasi Pemerintah                                                                                                                                            Government bonds                  Pemerintah adalah lancar.                                         current.
                                                                               4,00% -                            15/02/2024 -     1 dan 6 bulan/
           Obligasi suku bunga tetap                          11.654.576       12,00%       11.823.146             15/08/2051     1 and 6 months                              Fixed rate bonds
           Obligasi suku bunga mengambang                        116.437        6,04%          117.686             25/04/2025     3 bulan/months                           Floating rate bonds

                                                                                                                                                                                                  9.   TAGIHAN   LAINNYA                -      TRANSAKSI          9.     OTHER RECEIVABLES - TRADE TRANSACTIONS
                                                              11.771.013                    11.940.832
                                                                                                                                                                                                       PERDAGANGAN
           Investasi pada unit-link*)                                                                                                                      Investments in unit-link contracts*)
                                                                               4,00% -                            10/03/2024 -     1 dan 6 bulan/
           Obligasi suku bunga tetap                           8.685.345       10,50%         8.685.345            15/08/2051     1 and 6 months                             Fixed rate bonds          a.   Berdasarkan jenis, mata uang, pihak berelasi dan             a.   By type, currency, related parties and third parties:
                                                                                                                                                                                                            pihak ketiga:
           Diukur pada nilai wajar                                                                                                                                       Fair value through
              melalui penghasilan
              komprehensif lain **)
                                                                                                                                                                   other comprehensive
                                                                                                                                                                                income**)
                                                                                                                                                                                                                                                       2024                     2023
           Obligasi Pemerintah                                                                                                                                            Government bonds
                                                                                4,00% -                           15/02/2024 -     1 dan 6 bulan/
           Obligasi suku bunga tetap                          61.566.538       11,00%       63.301.697             15/06/2047     1 and 6 months                             Fixed rate bonds               Rupiah                                                                                                        Rupiah
           Mata uang asing                                                                                                                                               Foreign currencies                   Pihak berelasi (Catatan 56)                                                            Related parties (Note 56)
           Diukur pada nilai wajar                                                                                                                                       Fair value through                     Usance L/C payable at sight                   27.357                218.270       Usance L/C payable at sight
              melalui laba rugi                                                                                                                                            profit or loss
           Obligasi Pemerintah                                                                                                                                            Government bonds                      Tagihan Supplier Chain                                                              Supplier Chain Financing
                                                                               3,20% -                            15/01/2024 -
           Obligasi suku bunga tetap                             137.526        5,95%            137.677           23/09/2061     6 bulan/months                             Fixed rate bonds                     Financing                              1.032.497                1.677.687                    receivables
                                                                                                                                                                                                                Lain-lain                                5.732.699                5.253.511                           Others
           Investasi pada unit-link*)                                                                                                                      Investments in unit-link contracts*)
                                                                               3,55% -                            08/01/2026 -     1 dan 6 bulan/
           Obligasi suku bunga tetap                              41.625        8,50%             41.625           11/01/2048     1 and 6 months                             Fixed rate bonds                                                            6.792.553                7.149.468
           Diukur pada nilai wajar                                                                                                                                       Fair value through
              melalui penghasilan                                                                                                                                  other comprehensive                        Pihak ketiga                                                                                        Third parties
              komprehensif lain
           Obligasi Pemerintah
                                                                                                                                                                                 income
                                                                                                                                                                          Government bonds
                                                                                                                                                                                                                Usance L/C payable at sight              1.392.760                1.550.710       Usance L/C payable at sight
                                                                               1,00% -                            15/01/2024 -                                                                                  Tagihan Supplier Chain                                                              Supplier Chain Financing
           Obligasi suku bunga tetap                          28.795.401        8,50%       27.339.227             20/09/2052     6 bulan/months                             Fixed rate bonds
                                                                                                                                                                                                                  Financing                              2.617.762                1.261.694                    receivables
           *)    Investasi pada unit-link adalah investasi yang dimiliki oleh pemegang                      *)     Investments in unit-link contracts are investments owned by                                  Lain-lain                                7.385.805                4.004.912                           Others
                 polis pada kontrak unit-link Entitas Anak yang disajikan sebesar nilai                            policyholders of unit-link contracts of Subsidiary which are presented at
                 wajar.                                                                                            fair value.
           **)   Termasuk project based sukuk dan sukuk ritel.                                              **)    Including project-based sukuk and retail sukuk.                                                                                     11.396.327                 6.817.316
                                                                                                  2023
                                                                                                                                                                                                              Total Rupiah                             18.188.880                13.966.784                          Total Rupiah
                                                            Nominal/
                                                             biaya
                                                           perolehan/                                                                                                                                       Mata uang asing                                                                                   Foreign currencies
                                                             biaya
                                                           perolehan                                                               Frekuensi                                                                 Pihak berelasi (Catatan 56)                                                              Related parties (Note 56)
                                                          diamortisasi/
                                                            Nominal/
                                                                                   Tingkat
                                                                                 suku bunga                   Tanggal
                                                                                                                                  pembayaran
                                                                                                                                      bunga/
                                                                                                                                                                                                                Usance L/C payable at sight                  253.013                385.238       Usance L/C payable at sight
                                                              cost/               per tahun/               jatuh tempo/           Frequency of                                                                  Tagihan Supplier Chain                                                              Supplier Chain Financing
                                                           amortised            Interest rates                Maturity               interest
                                                              cost               per annum                     dates                payment                                                                       Financing                                        -                 44.146                    receivables
                                                                                                                                                                                                                Lain-lain                                      9.101                  2.661                            Others
           Rupiah                                                                                                                                                                      Rupiah
           Diukur pada biaya perolehan
              Diamortisasi**)                                                                                                                                            At amortised cost**)                                                                262.114                432.045
           Obligasi Pemerintah                                                                                                                                            Government bonds
                                                                                          4,00% -                 15/02/2024 -      1 dan 6 bulan/
           Obligasi suku bunga tetap                        138.374.656                   12,00%                   15/06/2042     1 and 6 months                             Fixed rate bonds                 Pihak ketiga                                                                                        Third parties
                                                                                                                                                                                                                Usance L/C payable at sight              4.157.038                4.682.301       Usance L/C payable at sight
           Diukur pada biaya perolehan*)                                                                                                                                           At cost*)                    Lain-lain                                7.366.085                6.963.423                           Others
           Obligasi Pemerintah                                                                                                                                             Government bonds
                                                                                          4,00% -                 10/03/2024 -      1 dan 6 bulan/
           Obligasi suku bunga tetap                          34.092.672                  10,25%                   15/04/2043     1 and 6 months                             Fixed rate bonds
                                                                                                                                                                                                                                                       11.523.123                11.645.724
           Mata uang asing                                                                                                                                               Foreign currencies
           Diukur pada biaya perolehan                                                                                                                                                                        Total mata uang asing                                                                      Total foreign currencies
              diamortisasi                                                                                                                                                 At amortised cost
           Obligasi Pemerintah                                                                                                                                             Government bonds                     (Catatan 62.B.(iv))                    11.785.237                12.077.769                     (Note 62.B.(iv))
                                                                                          1,50% -                 15/01/2024 -
           Obligasi suku bunga tetap                          24.820.100                   8,50%                   17/02/2037      6 bulan/months                            Fixed rate bonds
                                                                                                                                                                                                                                                       29.974.117                26.044.553
           Diukur pada biaya perolehan                                                                                                                                              At cost                 Dikurangi: cadangan kerugian                                                                        Less: allowance for
           Obligasi Pemerintah
                                                                                          2,30% -                 10/09/2024 -
                                                                                                                                                                           Government bonds                   penurunan nilai                           (1.422.889)              (1.494.653)                   impairment losses
           Obligasi suku bunga tetap                             449.140                   4,40%                   06/06/2027      6 bulan/months                            Fixed rate bonds
                                                                                                                                                                                                            Neto                                       28.551.228                24.549.900                                      Net
           *)    Obligasi Pemerintah yang dimiliki Entitas Anak yang diklasifikasikan                        *)    Government bonds owned by Subsidiary are classified based on SFAS
                 sesuai dengan PSAK No. 410 “Akuntansi Sukuk”.                                                     No. 410 “Accounting for Sukuk”.
           **)   Termasuk project based sukuk dan sukuk ritel.                                              **)    Including project-based sukuk and retail sukuk.


PT BANK MANDIRI (PERSERO) TBK                                                 1446                167                                                                                                                                                           1447
                                                                                                                                                                                                                                                                   168                                       ANNUAL REPORT 2024
Page 446
          FINANCIAL STATEMENTS 2024


                                                        PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                              PT BANK MANDIRI (PERSERO) Tbk.
                                                   DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                         NOTES TO THE CONSOLIDATED                                              CATATAN ATAS LAPORAN KEUANGAN                                                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                FINANCIAL STATEMENTS                                            KONSOLIDASIAN                                                                                                             FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                                31 DECEMBER 2024 AND 2023                                           31 DESEMBER 2024 DAN 2023                                                                                             31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                       (Expressed in millions of Rupiah, unless otherwise stated)                                    (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                    (Expressed in millions of Rupiah, unless otherwise stated)


9.   TAGIHAN   LAINNYA                                 -         TRANSAKSI                9.     OTHER RECEIVABLES - TRADE TRANSACTIONS                                                      9.   TAGIHAN   LAINNYA                                -            TRANSAKSI           9.     OTHER RECEIVABLES - TRADE TRANSACTIONS
                                                                                                                                                                                                  PERDAGANGAN (lanjutan)                                                                   (continued)
     PERDAGANGAN (lanjutan)                                                                      (continued)
                                                                                                                                                                                                  b.   Berdasarkan jatuh tempo:                                                            b.      By maturity:
     a.    Berdasarkan jenis, mata uang, pihak berelasi dan                                      a.      By type, currency, related parties and third parties
                                                                                                                                                                                                                                                                        2024                              2023
           pihak ketiga (lanjutan):                                                                      (continued):
                                                                                                                                                                                                       Rupiah                                                                                                                                                       Rupiah
           Berikut adalah perubahan nilai tercatat tagihan                                               Movements in carrying amount of other                                                           Kurang dari 1 bulan                                              3.434.348                             3.531.550                              Less than 1 month
           lainnya - transaksi perdagangan dengan                                                        receivables - trade transactions classified as at                                               1 - 3 bulan                                                      5.358.154                             4.867.395                                    1 - 3 months
           klasifikasi  biaya   perolehan     diamortisasi                                               amortised cost upon stages for the period and year                                              3 - 6 bulan                                                      8.486.545                             5.269.170                                    3 - 6 months
           berdasarkan stage untuk tahun yang berakhir                                                   ended 31 December 2024 and 2023:                                                                6 - 12 bulan                                                       720.460                               109.296                                  6 - 12 months
                                                                                                                                                                                                         Lebih dari 12 bulan                                                189.373                               189.373                                Over 12 months
           pada tanggal 31 Desember 2024 dan 2023:
                                                                                                                                                                                                             Total Rupiah                                               18.188.880                             13.966.784                                         Total Rupiah
                                                                                                 2024
                                                                                                                      Syariah*)/
                                                                                                                                                                                                       Mata uang asing                                                                                                                                   Foreign currencies
                                                    Stage 1             Stage 2                Stage 3                 Sharia*)                 Total
                                                                                                                                                                                                        Kurang dari 1 bulan                                               2.789.687                             1.872.337                              Less than 1 month
                                                                                                                                                                                                        1 - 3 bulan                                                       5.593.913                             6.980.224                                    1 - 3 months
                                                                                                                                                                                                        3 - 6 bulan                                                       2.200.802                             2.010.227                                    3 - 6 months
           Biaya perolehan diamortisasi                                                                                                                               At amortised cost                 6 - 12 bulan                                                              -                               145.324                                  6 - 12 months
           Saldo awal tahun                         24.050.317                505.710           1.215.601                    272.925            26.044.553            Beginning balance                 Lebih dari 12 bulan                                               1.200.835                             1.069.657                                Over 12 months
           Pengukuran kembali bersih                                                                                                                        Remeasurement of net                             Total mata uang asing                                                                                                             Total foreign currencies
             nilai tercatat                            (713.833)                2.614                48.491                    89.925              (572.803)   carrying amount                                 (Catatan 62.B.(iv))                                      11.785.237                             12.077.769                            (Note 62.B.(iv))
           Aset keuangan baru yang                                                                                                                            New financial assets
             diterbitkan atau                                                                                                                                      originated or                                                                                        29.974.117                             26.044.553
             dibeli                                 73.141.732                941.721                27.357                           -         74.110.810           purchased                         Dikurangi: cadangan kerugian                                                                                                                      Less: allowance for
           Aset keuangan yang                                                                                                                                     Financial assets                       penurunan nilai                                                 (1.422.889)                           (1.494.653)                              impairment losses
             dihentikan pengakuannya               (67.841.522)             (1.191.331)               (7.675)                         -        (69.040.528)      derecognised
                                                                                                                                                                                                       Neto                                                             28.551.228                             24.549.900                                                        Net
           Total penambahan/(penurunan)                                                                                                                     Total increase/(decrease)
              tahun berjalan                         4.586.377               (246.996)               68.173                    89.925             4.497.479        during the year
           Lain-lain**)                               (575.590)                     -                 7.675                         -              (567.915)                Others**)             c.   Mutasi cadangan kerugian penurunan                                nilai             c.      Movements of allowance for impairment losses on
                                                                                                                                                                                                       tagihan lainnya - transaksi perdagangan:                                                    other receivables - trade transactions:
           Saldo akhir tahun                        28.061.104                258.714           1.291.449                    362.850            29.974.117              Ending balance
                                                                                                                                                                                                                                                                        2024                              2023
           *)    Tidak menerapkan PSAK No. 109.                                                          *)    Not implement SFAS No. 109.
           **)   Termasuk selisih kurs karena penjabaran mata uang asing.                                **)   Included effect of foreign currency translation.                                        Saldo awal tahun                                                   1.494.653                             1.604.705                                 Beginning balance
                                                                                                                                                                                                       Pembalikan selama                                                                                                                                     Reversal during
                                                                                                 2023                                                                                                    tahun berjalan (Catatan 46)                                       (125.378)                              (91.037)                              the year (Note 46)
                                                                                                                      Syariah / *)                                                                     Lain-lain*)                                                           53.614                               (19.015)                                          Others*)
                                                    Stage 1             Stage 2                Stage 3                 Sharia*)                 Total
                                                                                                                                                                                                       Saldo akhir tahun                                                  1.422.889                             1.494.653                                       Ending balance
           Biaya perolehan diamortisasi                                                                                                                               At amortised cost
                                                                                                                                                                                                       *)    Termasuk selisih kurs karena penjabaran mata uang asing.                               *)    Included effect of foreign currency translation.
           Saldo awal tahun                         31.593.450                825.526           1.239.865                    134.423            33.793.264            Beginning balance
                                                                                                                                                                                                        Informasi       mengenai        pengelompokan                                              Information in respect of classification of
           Pengalihan ke/(dari):                                                                                                                                       Transfer to/(from):              berdasarkan    kelompok    “tidak   mengalami                                              “non-impaired” and “impaired” from sharia
             - Stage 1                                1.041.364             (1.041.364)                        -                      -                      -             Stage 1 -                    penurunan nilai” dan “mengalami penurunan                                                  Subsidiary are disclosed in Note 62A.
             - Stage 2                               (2.438.768)             2.438.768                         -                      -                      -             Stage 2 -                    nilai” untuk aset keuangan dari Entitas Anak
                                                                                                                                                                                                        syariah diungkapkan pada Catatan 62A.
           Total saldo awal setelah                                                                                                                               Total beginning balance
             pengalihan                             30.196.046              2.222.930           1.239.865                    134.423            33.793.264                after transfer                                                                                                   2024
                                                                                                                                                                                                                                                                                                                  Syariah*)/
           Pengukuran kembali bersih                                                                                                                        Remeasurement of net                                                                Stage 1             Stage 2              Stage 3                   Sharia*)                Total
             nilai tercatat                          (1.148.854)                (9.360)           (11.845)                   138.502            (1.031.557)    carrying amount
           Aset keuangan baru yang                                                                                                                            New financial assets                     Saldo awal tahun                                54.692           178.637           1.215.601                      45.723             1.494.653             Beginning balance
             diterbitkan atau                                                                                                                                      originated or                       Pengukuran kembali bersih                                                                                                                               Net remeasurement of
             dibeli                                 65.805.749              4.060.289                31.584                           -         69.897.622           purchased                           penyisihan kerugian**)                        (22.340)             (240)                 (367)                      899               (22.048)         losses allowance**)
           Aset keuangan yang                                                                                                                                     Financial assets                     Aset keuangan baru yang                                                                                                                                   New financial assets
             dihentikan pengakuannya               (70.779.392)             (5.947.900)           (36.328)                            -       (76.763.620)       derecognised                            diterbitkan atau                                                                                                                                             originated or
                                                                                                                                                                                                         dibeli                                        88.214           362.074                         27                      -              450.315                  purchased
                                                                                                                                                                                                       Aset keuangan yang                                                                                                                                            Financial assets
           Total penambahan/(penurunan)                                                                                                                     Total increase/(decrease)                    dihentikan pengakuannya                       (78.423)         (475.214)                        (8)                    -             (553.645)              derecognised
              tahun berjalan                         (6.122.497)            (1.896.971)           (16.589)                   138.502             (7.897.555)       during the year
           Lain-lain**)                                 (23.232)               179.751             (7.675)                         -                148.844                 Others**)                  Total pembalikan/                                                                                                                                               Total reversal/
                                                                                                                                                                                                          (pembentukan)                                                                                                                                               (allowance)
                                                                                                                                                                                                          tahun berjalan                               (12.549)         (113.380)                 (348)                      899              (125.378)            during the year
           Saldo akhir tahun                        24.050.317                505.710           1.215.601                    272.925            26.044.553              Ending balance                 Lain-lain***)                                     1.715             3.033                48.866                         -                53.614                      Others***)

                                                                                                                                                                                                       Saldo akhir tahun                               43.858            68.290           1.264.119                      46.622             1.422.889               Ending balance
           *)    Tidak menerapkan PSAK No. 109.                                                          *)    Not implement SFAS No. 109.
           **)   Termasuk selisih kurs karena penjabaran mata uang asing.                                **)   Included effect of foreign currency translation.                                        *)   Tidak menerapkan PSAK No. 109.                                                         *)     Not implement SFAS No. 109.
                                                                                                                                                                                                       **)  Termasuk di dalam pengukuran kembali bersih adalah pembayaran                          **)    Including in the net remeasurement is repayment.
                                                                                                                                                                                                            kembali.
                                                                                                                                                                                                       ***) Termasuk selisih kurs karena penjabaran mata uang asing.                               ***)   Included effect of foreign currencies translation.



PT BANK MANDIRI (PERSERO) TBK                                                 1448             169                                                                                                                                                                                1449
                                                                                                                                                                                                                                                                                     170                                                             ANNUAL REPORT 2024
Page 447
          FINANCIAL STATEMENTS 2024


                                                        PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                    PT BANK MANDIRI (PERSERO) Tbk.
                                                   DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                          DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                        NOTES TO THE CONSOLIDATED                                                 CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                               FINANCIAL STATEMENTS                                               KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                               31 DECEMBER 2024 AND 2023                                              31 DESEMBER 2024 DAN 2023                                                                       31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                      (Expressed in millions of Rupiah, unless otherwise stated)                                       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

9.   TAGIHAN   LAINNYA                                 -            TRANSAKSI            9.     OTHER RECEIVABLES - TRADE TRANSACTIONS                                                         10. TAGIHAN ATAS EFEK-EFEK YANG DIBELI                             10. SECURITIES PURCHASED UNDER AGREEMENTS
     PERDAGANGAN (lanjutan)                                                                     (continued)
                                                                                                                                                                                                   DENGAN JANJI DIJUAL KEMBALI (lanjutan)                             TO RESELL (continued)
     c.    Mutasi cadangan kerugian penurunan nilai                                             c.      Movements of allowance for impairment losses on
           tagihan lainnya - transaksi perdagangan                                                      other receivables - trade transactions (continued):
           (lanjutan):                                                                                                                                                                             a.   Tagihan atas efek-efek yang dibeli dengan janji                 a.     Securities purchased under agreements to resell
                                                                                                2023                                                                                                    dijual kembali (lanjutan)                                              (continued)
                                                                                                                      Syariah*)/
                                                    Stage 1              Stage 2              Stage 3                  Sharia*)                 Total                                                                                                              2024

           Saldo awal tahun                                81.376            239.125           1.239.865                      44.339             1.604.705             Beginning balance                                                                                        Pendapatan
           Pengalihan ke/(dari):                                                                                                                                         Transfer to/(from):                                        Tanggal         Tanggal       Nilai jual    bunga belum      Nilai
           - Kerugian kredit                                                                                                                                                  12 months -                                           dimulai/     jatuh tempo/     kembali/       direalisasi/    neto/
             ekspektasian 12 bulan                                                                                                                                       expected credit                                            Starting        Maturity       Resale       Unamortised     Carrying
             (stage 1)                                     10.144            (10.144)                          -                     -                       -         losses (stage 1)
           - Kerugian kredit                                                                                                                                          Lifetime expected -                      Jenis efek             date            date        amount           interest     amount          Type of securities
             ekspektasian sepanjang                                                                                                                                       credit losses -
             umurnya - tidak mengalami                                                                                                                                       unimpaired                 Pihak ketiga (lanjutan)                                                                                Third parties (continued)
             penurunan nilai (stage 2)                     (17.497)           17.497                           -                     -                       -                 (stage 2)
                                                                                                                                                                                                        Rupiah (lanjutan)                                                                                           Rupiah (continued)
           Total saldo awal setelah                                                                                                                              Total beginning balance                  Obligasi FR0084           05/12/2024      02/01/2025        197.148             35       197.113            Bond FR0084
              pengalihan                                   74.023            246.478           1.239.865                      44.339             1.604.705               after transfer
                                                                                                                                                                                                          Obligasi IDSR060625364S   30/12/2024      13/01/2025        194.214            416       193.798   Bond IDSR060625364S
           Pengukuran kembali bersih                                                                                                                                Net remeasurement of                  Obligasi FR0059           27/12/2024      10/01/2025        191.889            309       191.580            Bond FR0059
             penyisihan kerugian                           (32.018)           35.897                  4.095                    1.385                   9.359          losses allowance
           Aset keuangan baru yang                                                                                                                                   New financial assets                 Obligasi FR0096           27/12/2024      10/01/2025        189.646            305       189.341            Bond FR0096
             diterbitkan atau                                                                                                                                              originated or                  Obligasi FR0082           30/12/2024      13/01/2025        188.778            405       188.373            Bond FR0082
             dibeli                                    115.354               557.668                 20.157                          -              693.179                  purchased
           Aset keuangan yang                                                                                                                                             Financial assets                Obligasi FR0090           30/12/2024      13/01/2025        184.372            396       183.976            Bond FR0090
             dihentikan pengakuannya                   (101.944)             (659.062)           (32.569)                            -              (793.575)             derecognised                    Obligasi FR0075           23/12/2024      20/01/2025        144.837            499       144.338            Bond FR0075
           Total pembentukan/                                                                                                                                            Total allowance/                 Obligasi IDSR190925364S   12/12/2024      09/01/2025        143.117            207       142.910   Bond IDSR190925364S
              (pembalikan)                                                                                                                                                   (reversal)                   Obligasi FR0096           19/12/2024      02/01/2025        142.064             25       142.039            Bond FR0096
              tahun berjalan                               (18.608)           (65.497)            (8.317)                      1.385                 (91.037)           during the year
           Lain-lain**)                                       (723)            (2.344)           (15.947)                         (1)                (19.015)                     Others**)               Obligasi IDSR311025364S   24/12/2024      07/01/2025        141.745            152       141.593   Bond IDSR311025364S
                                                                                                                                                                                                          Obligasi FR0086           23/12/2024      06/01/2025        141.491            126       141.365            Bond FR0086
           Saldo akhir tahun                               54.692            178.637           1.215.601                      45.723             1.494.653               Ending balance
                                                                                                                                                                                                          Obligasi IDSR240125364S   19/12/2024      16/01/2025         99.828            272        99.556   Bond IDSR240125364S
                                                                                                                                                                                                          Obligasi IDSR210325364S   30/12/2024      13/01/2025         98.719            212        98.507   Bond IDSR210325364S
           *)    Tidak menerapkan PSAK No. 109.                                                         *)     Not implement SFAS No. 109.
           **)   Termasuk selisih kurs karena penjabaran mata uang asing.                               ***)   Included effect of foreign currencies translation.                                         Obligasi IDSR070525364S   30/12/2024      30/01/2025         97.939            514        97.425   Bond IDSR070525364S
                                                                                                                                                                                                          Obligasi IDSR300525364S   19/12/2024      16/01/2025         97.253            264        96.989   Bond IDSR300525364S
           Manajemen       berpendapat     bahwa    jumlah                                              Management believes that the allowance for                                                        Obligasi FR0080           23/12/2024      06/01/2025         95.462             86        95.376            Bond FR0080
           cadangan kerugian penurunan nilai tagihan                                                    impairment losses on other receivables - trade                                                    Obligasi IDSR031025364S   18/12/2024      02/01/2025         95.046             17        95.029   Bond IDSR031025364S
           lainnya - transaksi perdagangan telah memadai.                                               transactions is adequate.                                                                         Obligasi IDSR171025364S   12/12/2024      09/01/2025         94.906            137        94.769   Bond IDSR171025364S
                                                                                                                                                                                                          Obligasi IDSR171025364S   18/12/2024      02/01/2025         94.764             17        94.747   Bond IDSR171025364S
     d.    Berdasarkan kolektibilitas sesuai POJK:                                              d.      By collectability based on FSA regulation:
                                                                                                                                                                                                          Obligasi FR0086           30/12/2024      06/01/2025         94.496             83        94.413            Bond FR0086
                                                                                                                                                                                                          Obligasi FR0086           30/12/2024      13/01/2025         94.390            203        94.187            Bond FR0086
           Kolektibilitas tagihan lainnya - transaksi                                                   Collectability of other receivables - trade
                                                                                                                                                                                                          Obligasi FR0087           19/12/2024      02/01/2025         91.940             17        91.923            Bond FR0087
           perdagangan sesuai POJK diungkapkan pada                                                     transactions in accordance with FSA regulation are
           Catatan 65.                                                                                  disclosed in Note 65.                                                                             Obligasi FR0087           23/12/2024      06/01/2025         91.886             82        91.804            Bond FR0087
                                                                                                                                                                                                          Obligasi FR0065           30/12/2024      13/01/2025         90.617            194        90.423            Bond FR0065
                                                                                                                                                                                                          Obligasi FR0098           12/12/2024      13/01/2025         72.949            158        72.791            Bond FR0098
10. TAGIHAN ATAS EFEK-EFEK YANG                                             DIBELI       10. SECURITIES PURCHASED UNDER AGREEMENTS                                                                        Obligasi IDSR170125364S   16/12/2024      13/01/2025         49.926            110        49.816   Bond IDSR170125364S
    DENGAN JANJI DIJUAL KEMBALI                                                              TO RESELL                                                                                                    Obligasi IDSR300125183S   24/12/2024      07/01/2025         49.762             53        49.709   Bond IDSR300125183S
                                                                                                                                                                                                          Obligasi IDSR310125364S   23/12/2024      23/01/2025         49.890            202        49.688   Bond IDSR310125364S
     a.    Tagihan atas efek-efek yang dibeli dengan janji                                      a.      Securities purchased under agreements to resell                                                   Obligasi IDSR070525364S   24/12/2024      24/01/2025         49.329            209        49.120   Bond IDSR070525364S
           dijual kembali                                                                                                                                                                                 Obligasi IDSR040425364S   13/12/2024      13/01/2025         49.217            108        49.109   Bond IDSR040425364S
                                                                                                                                                                                                          Obligasi FR0081           27/12/2024      03/01/2025         49.090             17        49.073            Bond FR0081
                                                                                          2024
                                                                                                                                                                                                          Obligasi IDSR070525364S   12/12/2024      13/01/2025         48.794            108        48.686   Bond IDSR070525364S
                                                                                                               Pendapatan                                                                                 Obligasi IDSR280525364S   27/12/2024      30/01/2025         48.754            259        48.495   Bond IDSR280525364S
                                                  Tanggal                Tanggal         Nilai jual            bunga belum                Nilai
                                                  dimulai/            jatuh tempo/       kembali/               direalisasi/              neto/                                                           Obligasi IDSR040625364S   16/12/2024      13/01/2025         48.555            107        48.448   Bond IDSR040625364S
                                                  Starting               Maturity         Resale               Unamortised               Carrying                                                         Obligasi IDSR130625364S   19/12/2024      02/01/2025         48.388              9        48.379   Bond IDSR130625364S
                      Jenis efek                    date                   date          amount                   interest               amount                  Type of securities
                                                                                                                                                                                                          Obligasi VR0059           28/11/2024      26/02/2025         48.293            492        47.801            Bond VR0059
                                                                                                                                                                                                          Obligasi IDSR190925364S   11/12/2024      10/01/2025         47.710             79        47.631   Bond IDSR190925364S
           Pihak berelasi                                                                                                                                                 Related parties
           Rupiah                                                                                                                                                                Rupiah                   Obligasi IDSR121225364S   18/12/2024      17/01/2025         46.882            138        46.744   Bond IDSR121225364S
             Obligasi FR0090                      31/12/2024             02/01/2025              4.614                         1               4.613                     Bond FR0090                      Obligasi FR0100           13/12/2024      13/01/2025         46.393            102        46.291            Bond FR0100
                                                                                                                                                                                                          Obligasi FR0090           23/12/2024      06/01/2025         46.177             41        46.136            Bond FR0090
           Pihak ketiga                                                                                                                                                 Third parties                     Obligasi IDSR310125364S   11/12/2024      08/01/2025         39.819             50        39.769   Bond IDSR310125364S
           Rupiah                                                                                                                                                            Rupiah
             Obligasi VR0042                      30/12/2024             06/01/2025           981.527                      817              980.710                 Bond VR0042                           Obligasi FR0101           13/12/2024      13/01/2025         38.677             85        38.592            Bond FR0101
             Obligasi IDSR040625364S              09/12/2024             06/01/2025           484.840                      439              484.401         Bond IDSR040625364S                           Saham PTBA                04/10/2024      02/04/2025         35.016             21        34.995             Share PTBA
             Obligasi IDSR200625364S              23/12/2024             20/01/2025           484.672                    1.667              483.005         Bond IDSR200625364S
             Obligasi FR0090                      16/12/2024             13/01/2025           462.308                    1.004              461.304                 Bond FR0090                           Obligasi IDSR170125364S   13/12/2024      13/01/2025         19.978             44        19.934   Bond IDSR170125364S
             Obligasi IDSR130625364S              16/12/2024             13/01/2025           387.872                      842              387.030         Bond IDSR130625364S                           Obligasi IDSR040425364S   04/12/2024      03/01/2025         19.650              7        19.643   Bond IDSR040425364S
             Obligasi FR0075                      20/12/2024             17/01/2025           386.077                    1.118              384.959                 Bond FR0075
             Obligasi VR0034                      27/12/2024             03/01/2025           296.770                       99              296.671                 Bond VR0034                           Saham PTBA                19/09/2024      18/03/2025         18.031             11        18.020             Share PTBA
             Obligasi IDSR300625367S              12/12/2024             09/01/2025           241.189                      349              240.840         Bond IDSR300625367S                           Obligasi IDSR240125364S   17/12/2024      16/01/2025          9.982             28         9.954   Bond IDSR240125364S
             Obligasi IDSR051225364S              10/12/2024             07/01/2025           234.326                      254              234.072         Bond IDSR051225364S
             Obligasi IDSR071125364S              27/12/2024             10/01/2025           203.039                      327              202.712         Bond IDSR071125364S




PT BANK MANDIRI (PERSERO) TBK                                                1450             171                                                                                                                                                                145172                                      ANNUAL REPORT 2024
Page 448
          FINANCIAL STATEMENTS 2024


                                             PT BANK MANDIRI (PERSERO) Tbk.                                                                                                          PT BANK MANDIRI (PERSERO) Tbk.
                                        DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED                      CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                        FINANCIAL STATEMENTS                    KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                        31 DECEMBER 2024 AND 2023                   31 DESEMBER 2024 DAN 2023                                                                     31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)            (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)


10. TAGIHAN ATAS EFEK-EFEK YANG DIBELI                              10. SECURITIES PURCHASED UNDER AGREEMENTS                                10. TAGIHAN ATAS EFEK-EFEK YANG DIBELI                           10. SECURITIES PURCHASED UNDER AGREEMENTS
    DENGAN JANJI DIJUAL KEMBALI (lanjutan)                              TO RESELL (continued)                                                    DENGAN JANJI DIJUAL KEMBALI (lanjutan)                           TO RESELL (continued)

                                                                                                                                                 a.   Tagihan atas efek-efek yang dibeli dengan janji               a.     Securities purchased under agreements to resell
     a.    Tagihan atas efek-efek yang dibeli dengan janji                a.     Securities purchased under agreements to resell                      dijual kembali (lanjutan)                                            (continued)
           dijual kembali (lanjutan)                                             (continued)
                                                                                                                                                                                                               2023
                                                                     2024
                                                                                                                                                                                                                            Pendapatan
                                                                                  Pendapatan                                                                                   Tanggal          Tanggal       Nilai jual    bunga belum      Nilai
                                       Tanggal         Tanggal      Nilai jual    bunga belum      Nilai                                                                       dimulai/      jatuh tempo/     kembali/       direalisasi/    neto/
                                       dimulai/     jatuh tempo/    kembali/       direalisasi/    neto/                                                                       Starting         Maturity       Resale       Unamortised     Carrying
                                       Starting        Maturity      Resale       Unamortised     Carrying                                                    Jenis efek         date             date        amount           interest     amount          Type of securities
                   Jenis efek            date            date       amount           interest     amount         Type of securities
                                                                                                                                                      Pihak ketiga                                                                                                    Third parties
           Pihak ketiga (lanjutan)                                                                               Third parties (continued)            Rupiah                                                                                                                Rupiah
           Rupiah (lanjutan)                                                                                          Rupiah (continued)                  Obligasi VR0062       28/12/2023      04/01/2024     11.907.162           5.946   11.901.216            Bond VR0062
                                                                                                                                                          Obligasi VR0042       29/12/2023      05/01/2024      2.565.178           1.709    2.563.469            Bond VR0042
             Obligasi VR0034           24/12/2024      25/03/2025        10.045            155         9.890            Bond VR0034
                                                                                                                                                          Obligasi VR0038       27/12/2023      03/01/2024      1.770.679             589    1.770.090            Bond VR0038
             Obligasi IDSR040425364S   24/12/2024      07/01/2025         9.834              10        9.824   Bond IDSR040425364S
                                                                                                                                                          Obligasi VR0054       28/12/2023      04/01/2024        957.852             478      957.374            Bond VR0054
             Obligasi FR0064           13/12/2024      13/01/2025         9.387              21        9.366            Bond FR0064                       Obligasi FR0087       28/12/2023      04/01/2024        662.669             344      662.325            Bond FR0087
             Saham ITMG                19/09/2024      18/03/2025         7.728               5        7.723              Share ITMG                      Obligasi VR0034       27/12/2023      03/01/2024        619.961             206      619.755            Bond VR0034
             Obligasi FR0081           31/12/2024      14/01/2025         4.920              12        4.908            Bond FR0081                       Obligasi FR0059       28/12/2023      04/01/2024        487.541             254      487.287            Bond FR0059
             Obligasi FR0081           19/12/2024      02/01/2025         4.905               1        4.904            Bond FR0081                       Obligasi FR0081       28/12/2023      04/01/2024        477.183             248      476.935            Bond FR0081
             Saham BBRI                18/11/2024      16/05/2025         1.629               1        1.628              Share BBRI                      Obligasi FR0086       29/12/2023      02/01/2024        471.749              77      471.672            Bond FR0086
             Saham ASII                18/11/2024      16/05/2025         1.171               1        1.170                Share ASII                    SBI IDSR151124364S    28/12/2023      04/01/2024        471.352             246      471.106     SBI IDSR151124364S
             Saham BNGA                18/11/2024      16/05/2025         1.069               1        1.068             Share BNGA                       Obligasi FR0090       28/12/2023      04/01/2024        462.878             241      462.637            Bond FR0090
             Saham BMRI                30/12/2024      27/06/2025         1.001               1        1.000              Share BMRI                      Obligasi FR0084       28/12/2023      04/01/2024        298.038             156      297.882            Bond FR0084
                                                                                                                                                          Obligasi FR0100       28/12/2023      04/01/2024        286.974             149      286.825            Bond FR0100
             Saham BMRI                22/08/2024      18/02/2025           939               -          939              Share BMRI
                                                                                                                                                          Obligasi FR0064       28/12/2023      03/01/2024        283.618              99      283.519            Bond FR0064
             Saham PTBA                03/12/2024      28/05/2025           911               1          910             Share PTBA
                                                                                                                                                          Obligasi FR0040       27/12/2023      02/01/2024        211.067              36      211.031            Bond FR0040
             Saham ITMG                04/10/2024      02/04/2025           893               1          892              Share ITMG                      Obligasi FR0081       21/12/2023      04/01/2024        190.774             103      190.671            Bond FR0081
             Saham NISP                18/11/2024      16/05/2025           662               1          661              Share NISP                      Obligasi VR0050       27/12/2023      03/01/2024         96.094              32       96.062            Bond VR0050
             Saham BMRI                19/08/2024      14/02/2025           613               -          613              Share BMRI                      Saham BMRI            31/08/2023      27/02/2024            810               -          810              Share BMRI
             Saham AUTO                18/11/2024      16/05/2025           560               -          560             Share AUTO                       Saham BMRI            28/08/2023      23/02/2024            526               -          526              Share BMRI
             Saham HMSP                31/07/2024      24/01/2025           443               -          443             Share HMSP                       Saham ACES            18/08/2023      14/02/2024            414               1          413             Share ACES
             Saham BMRI                23/09/2024      21/03/2025           260               -          260              Share BMRI                      Saham ACES            08/12/2023      05/06/2024            303               -          303             Share ACES
             Saham BMRI                05/08/2024      31/01/2025           226               -          226              Share BMRI                      Obligasi ORI021       27/07/2023      23/01/2024            302               -          302            Bond ORI021
             Saham BMRI                18/10/2024      16/04/2025           206               -          206              Share BMRI                      Saham WTON            25/09/2023      22/03/2024            282               -          282            Share WTON
             Saham BBRI                31/10/2024      29/04/2025           205               -          205              Share BBRI                      Saham GGRM            25/09/2023      22/03/2024            263               -          263            Share GGRM
                                                                                                                                                          Saham BMRI            04/10/2023      01/04/2024            259               -          259              Share BMRI
             Saham BBRI                05/11/2024      02/05/2025           205               -          205              Share BBRI
                                                                                                                                                          Saham BMRI            27/10/2023      24/04/2024            205               -          205              Share BMRI
             Saham BBRI                08/11/2024      07/05/2025           204               -          204              Share BBRI
                                                                                                                                                          Saham UNTR            25/07/2023      19/01/2024            185               -          185             Share UNTR
             Saham BBRI                27/12/2024      25/06/2025           142               -          142              Share BBRI                      Saham BBTN            05/10/2023      02/04/2024            150               -          150             Share BBTN
             Saham HMSP                24/09/2024      21/03/2025            56            (80)          136             Share HMSP                       Saham BSDE            25/09/2023      22/03/2024            126               -          126             Share BSDE
             Saham GGRM                24/09/2024      21/03/2025           136               6          130            Share GGRM                        Saham PWON            25/09/2023      22/03/2024            117               -          117            Share PWON
             Saham TLKM                24/09/2024      21/03/2025            68            (56)          124             Share TLKM                       Saham BBTN            25/09/2023      22/03/2024             97               -           97             Share BBTN
             Saham AALI                23/09/2024      21/03/2025           108               -          108               Share AALI                     Saham HMSP            25/09/2023      22/03/2024             88               1           87             Share HMSP
             Saham BBTN                24/09/2024      21/03/2025           105               -          105             Share BBTN                       Saham ITMG            26/07/2023      22/01/2024             59               -           59              Share ITMG
             Saham BBRI                20/11/2024      18/02/2025            97               -           97              Share BBRI                      Saham PTBA            13/07/2023      09/01/2024             57               -           57             Share PTBA
             Saham BBCA                20/11/2024      18/02/2025            92               -           92             Share BBCA                       Saham BJBR            02/11/2023      30/04/2024             56               -           56              Share BJBR
                                                                                                                                                          Saham PTBA            30/08/2023      26/02/2024             51               -           51             Share PTBA
             Saham BBRI                05/09/2024      04/03/2025            72               -           72              Share BBRI
                                                                                                                                                          Saham BMRI            26/07/2023      22/01/2024             45               -           45              Share BMRI
             Saham BBRI                13/11/2024      09/05/2025            71               -           71              Share BBRI
                                                                                                                                                          Saham BBTN            25/07/2023      19/01/2024             33               -           33             Share BBTN
             Saham BSDE                24/09/2024      21/03/2025           130              62           68             Share BSDE                       Obligasi ORI020       27/07/2023      23/01/2024             33               -           33            Bond ORI020
             Saham BBRI                11/10/2024      09/04/2025            67               -           67              Share BBRI                      Saham PTBA            14/07/2023      10/01/2024             15               -           15             Share PTBA
             Saham PWON                24/09/2024      21/03/2025           124              68           56            Share PWON                        Obligasi ORI022       27/07/2023      23/01/2024             15               -           15            Bond ORI022
             Saham BBRI                29/10/2024      25/04/2025            52               1           51              Share BBRI                      Obligasi SR017        27/07/2023      23/01/2024             15               -           15             Bond SR017
             Saham BBCA                29/10/2024      25/04/2025            52               1           51             Share BBCA                       Saham TOTL            14/07/2023      10/01/2024             14               1           13              Share TOTL
             Saham TLKM                04/12/2024      30/05/2025            51               -           51             Share TLKM                       Saham HEXA            14/07/2023      10/01/2024             12               -           12             Share HEXA
             Saham BMRI                13/11/2024      09/05/2025            47               -           47              Share BMRI                      Saham MTEL            14/07/2023      10/01/2024             11               -           11             Share MTEL
             Saham BBCA                16/08/2024      12/02/2025            35               1           34             Share BBCA                       Saham GGRM            14/07/2023      10/01/2024              5               -            5            Share GGRM
             Saham BBCA                05/09/2024      04/03/2025            32               -           32             Share BBCA                       Saham ARCI            14/07/2023      10/01/2024              2               -            2              Share ARCI
                                                                                                                                                          Saham BJTM            14/07/2023      10/01/2024              2               -            2             Share BJTM
             Saham ASII                13/11/2024      09/05/2025            30               -           30                Share ASII
             Saham TLKM                31/07/2024      24/01/2025            19               -           19             Share TLKM                                                                            22.225.321         10.916    22.214.405
             Saham BBRI                16/08/2024      12/02/2025            18               -           18              Share BBRI
             Saham BBNI                20/11/2024      18/02/2025            15               -           15              Share BBNI                  Pihak ketiga                                                                                                     Third parties
             Saham BBNI                27/12/2024      25/06/2025             3               1            2              Share BBNI                  Mata uang asing                                                                                            Foreign currencies
                                                                                                                                                          Obligasi FR0082       12/12/2023      12/01/2024        479.361            838       478.523            Bond FR0082
                                                                      8.300.067          14.542    8.285.525
                                                                                                                                                      Total                                                    22.704.682         11.754    22.692.928                        Total
           Total                                                      8.304.681          14.543    8.290.138                        Total




PT BANK MANDIRI (PERSERO) TBK                             1452         173                                                                                                                                   1453
                                                                                                                                                                                                                174                                      ANNUAL REPORT 2024
Page 449
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                            PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                  DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED                    CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS                  KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                       31 DECEMBER 2024 AND 2023                 31 DESEMBER 2024 DAN 2023                                                                    31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)          (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)


10. TAGIHAN ATAS EFEK-EFEK YANG DIBELI                             10. SECURITIES PURCHASED UNDER AGREEMENTS                              11. TAGIHAN DAN LIABILITAS DERIVATIF                             11. DERIVATIVE RECEIVABLES AND PAYABLES
    DENGAN JANJI DIJUAL KEMBALI (lanjutan)                             TO RESELL (continued)
                                                                                                                                              Ikhtisar transaksi derivatif pada tanggal 31 Desember             As of 31 December 2024, the summary of derivative
     a.    Tagihan atas efek-efek yang dibeli dengan janji              a.   Securities purchased under agreements to resell                  2024 adalah sebagai berikut:                                      transactions is as follows:
           dijual kembali (lanjutan)                                         (continued)
                                                                                                                                                                                                            2024

           Berikut adalah perubahan tagihan atas efek-efek                   Changes in carrying amount of securities                                                                                        Nilai wajar/Fair value
           yang dibeli dengan janji dijual kembali dengan                    purchased under agreements to resell classified as                                                         Nilai kontrak
           klasifikasi biaya perolehan diamortisasi yang                     amortised cost upon stage 1 for the year ended                                                            (absolut setara
           seluruhnya adalah klasifikasi stage 1 untuk tahun                 31 December 2024 and 2023:                                                                                    Rupiah)/
                                                                                                                                                                                           Notional
           yang berakhir pada tanggal 31 Desember 2024                                                                                                                                     amount          Tagihan         Liabilitas
           dan 2023:                                                                                                                                                                      (absolute       derivatif/       derivatif/
                                                                                                                                                                                           Rupiah         Derivative       Derivative
                                                                                                                                                                    Transaksi            equivalent)     receivables       payables             Transactions
                                                                     2024

                                                                   Cadangan                                                                    Pihak berelasi (Catatan 56)                                                                        Related parties (Note 56)
                                                                    kerugian                                                                   Terkait nilai tukar                                                                                 Foreign currencies related
                                             Nilai tercatat       penurunan                                                                    Kontrak berjangka - beli                                                                                        Forward - buy
                                                 bruto/               nilai/                                                                       Dolar Amerika Serikat                      642.915            3.407                2.179           United States Dollar
                                                 Gross           Allowance for       Nilai tercatat/                                           Kontrak berjangka - jual                                                                                        Forward - sell
                                               carrying           impairment           Carrying                                                    Dolar Amerika Serikat                   17.607.910          80.799            147.628              United States Dollar
                                                                                                                                               Swap - beli                                                                                                        Swap - buy
                                                amount               losses             amount
                                                                                                                                                   Dolar Amerika Serikat                    3.750.222          21.744             12.457              United States Dollar
                                                                                                                                               Swap - jual                                                                                                        Swap - sell
           Biaya perolehan diamortisasi                                                                           At amortised cost                Dolar Amerika Serikat                    5.368.475          14.872             47.810              United States Dollar
           Saldo awal tahun                      22.692.928                      -       22.692.928               Beginning balance            Option - beli                                                                                                     Option - buy
                                                                                                                                                   Dolar Amerika Serikat                   37.420.875       2.671.196                     -           United States Dollar
           Aset keuangan yang baru dibeli        30.845.569                      -       30.845.569    New purchased financial assets
                                                                                                                                                   Lain-lain                                  570.000         156.977                     -                        Others
           Aset keuangan yang jatuh tempo                                                                                                      Option - jual                                                                                                     Option - sell
             atau dijual                        (45.248.359)                     -      (45.248.359)   Matured or sold financial assets            Dolar Amerika Serikat                   37.420.875                  -       1.923.430              United States Dollar

           Saldo akhir tahun                         8.290.138                   -        8.290.138                   Ending balance           Total pihak berelasi                                         2.948.995          2.133.504                 Total related parties


                                                                     2023                                                                      Pihak ketiga                                                                                                     Third parties

                                                                                                                                               Terkait nilai tukar                                                                                 Foreign currencies related
                                                                   Cadangan
                                                                                                                                               Kontrak berjangka - beli                                                                                        Forward - buy
                                                                    kerugian                                                                       Dolar Amerika Serikat                   39.755.137         397.798            109.406             United States Dollar
                                             Nilai tercatat       penurunan                                                                        Lain-lain                                5.741.043          30.333             81.928                           Others
                                                 bruto/               nilai/
                                                 Gross           Allowance for       Nilai tercatat/                                           Kontrak berjangka - jual                                                                                        Forward - sell
                                               carrying           impairment           Carrying                                                    Dolar Amerika Serikat                    5.058.184          15.569             39.642              United States Dollar
                                                                                                                                                   Lain-lain                                  268.758           2.757                 96                           Others
                                                amount               losses             Amount
                                                                                                                                               Swap - beli                                                                                                        Swap - buy
           Biaya perolehan diamortisasi                                                                           At amortised cost               Dolar Amerika Serikat                    70.295.306         542.780            301.752              United States Dollar
           Saldo awal tahun                      11.705.989                      -       11.705.989               Beginning balance               Lain-lain                                 1.504.351           4.784             16.190                           Others
           Aset keuangan yang baru dibeli        61.217.202                      -       61.217.202    New purchased financial assets          Swap - jual                                                                                                        Swap - sell
           Aset keuangan yang jatuh tempo                                                                                                         Dolar Amerika Serikat                    74.831.830         309.055            700.374              United States Dollar
             atau dijual                        (50.230.263)                     -      (50.230.263)   Matured or sold financial assets           Lain-lain                                   607.985          28.356             16.595                           Others

           Saldo akhir tahun                     22.692.928                      -       22.692.928                   Ending balance           Option - beli                                                                                                     Option - buy
                                                                                                                                                   Dolar Amerika Serikat                   38.121.008       2.021.158                     -           United States Dollar

                                                                                                                                               Option - jual                                                                                                     Option - sell
     b.    Pada tanggal 31 Desember 2024 dan 2023, tidak                b.   As of 31 December 2024 and 2023, there was no                         Dolar Amerika Serikat                   38.121.008                  -       2.731.496              United States Dollar
           terdapat penurunan nilai sehingga cadangan                        impairment therefore the allowance for impairment
                                                                                                                                               Terkait suku bunga                                                                                        Interest rate related
           kerugian penurunan nilai tagihan atas efek-efek                   losses on securities purchased under agreements to                Swap - suku bunga                                                                                         Swap - interest rate
           yang dibeli dengan janji dijual kembali tidak                     resell was not provided.                                              Dolar Amerika Serikat                   33.205.257         497.518            411.091              United States Dollar
           dibentuk.                                                                                                                               Lain-lain                               30.258.157         961.457            785.848                            Others

                                                                                                                                               Bond forward - beli                                                                                        Bond forward - buy
     c.    Berdasarkan kolektibilitas sesuai POJK:                      c.   By collectability based on FSA regulation:                           Lain-lain                                 7.400.000              948                9.076                       Others


           Kolektibilitas tagihan atas efek-efek yang dibeli                 Collectability of securities purchased under                      Total pihak ketiga                                           4.812.513          5.203.494                    Total third parties
           dengan janji dijual kembali sesuai POJK                           agreements to resell in accordance with FSA
           diungkapkan pada Catatan 65.                                      regulation are disclosed in Note 65.                              Total                                                        7.761.508          7.336.998                                 Total




PT BANK MANDIRI (PERSERO) TBK                            1454         175                                                                                                                                1455
                                                                                                                                                                                                            176                                  ANNUAL REPORT 2024
Page 450
        FINANCIAL STATEMENTS 2024


                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                        PT BANK MANDIRI (PERSERO) Tbk.
                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                              DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED                         CATATAN ATAS LAPORAN KEUANGAN                                                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS                       KONSOLIDASIAN                                                                                                          FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                    31 DECEMBER 2024 AND 2023                      31 DESEMBER 2024 DAN 2023                                                                                          31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)               (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                 (Expressed in millions of Rupiah, unless otherwise stated)


11. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan)                  11. DERIVATIVE              RECEIVABLES    AND       PAYABLES              11. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan)                                        11. DERIVATIVE             RECEIVABLES                AND        PAYABLES
                                                                     (continued)                                                                                                                                                       (continued)

                                                                                                                                                Pada tanggal 31 Desember 2024 dan 2023, Entitas                                        As of 31 December 2024 and 2023, the Subsidiary had
     Ikhtisar transaksi derivatif pada tanggal 31 Desember            As of 31 December 2023, the summary of derivative                         Anak memiliki kontrak swap nilai tukar dan suku                                        cross currency and interest rate swap contracts which
     2023 adalah sebagai berikut:                                     transactions is as follows:                                               bunga yang memenuhi kriteria dan berlaku efektif                                       meet the criteria and effectively applied as cashflow
                                                                                                                                                sebagai lindung nilai arus kas. Keuntungan/kerugian                                    hedge. The gain/loss from fair value changes related to
                                                                  2023                                                                          atas perubahan nilai wajar sehubungan dengan                                           effective portion of cashflow hedge are recognised as
                                                                                                                                                bagian efektif dari arus kas lindung nilai diakui                                      other comprehensive income.
                                                                   Nilai wajar/Fair value                                                       sebagai penghasilan komprehensif lain.
                                              Nilai kontrak
                                             (absolut setara                                                                                    Pada tanggal 31 Desember 2024 dan 2023,                                                As of 31 December 2024 and 2023, the Bank Indonesia
                                                 Rupiah)/                                                                                       kolektibilitas Bank Indonesia untuk tagihan derivatif                                  collectability for derivative receivables is current and
                                                 Notional                                                                                       adalah lancar dan diklasifikasikan pada stage 1.                                       classified in stage 1.
                                                 amount          Tagihan         Liabilitas
                                                (absolute       derivatif/       derivatif/
                                                 Rupiah         Derivative       Derivative
                           Transaksi           equivalent)     receivables       payables                  Transactions                     12. KREDIT     YANG      DIBERIKAN                                         DAN         12. LOANS AND SHARIA RECEIVABLES/FINANCING
                                                                                                                                                PIUTANG/PEMBIAYAAN SYARIAH
     Pihak berelasi (Catatan 56)                                                                             Related parties (Note 56)
                                                                                                                                                A.   Kredit yang diberikan dan piutang/pembiayaan                                      A.   Details of loans and sharia receivables/financing:
     Terkait nilai tukar                                                                                     Foreign currencies related              syariah terdiri atas:
     Kontrak berjangka - beli                                                                                            Forward - buy
         Dolar Amerika Serikat                      229.975            1.777                 773                United States Dollar                 a.   Berdasarkan jenis mata uang, pihak berelasi                                       a.     By currency, related parties and third parties:
         Lain-lain                                  119.107              675                   -                             Others                       dan pihak ketiga:
     Kontrak berjangka - jual                                                                                            Forward - sell
         Dolar Amerika Serikat                   25.172.445         151.868                 3.154               United States Dollar                                                                                   2024                      2023
     Swap - beli                                                                                                            Swap - buy
         Dolar Amerika Serikat                    7.628.299          11.057             47.997                  United States Dollar
     Swap - jual                                                                                                            Swap - sell                   Rupiah                                                                                                                                    Rupiah
         Dolar Amerika Serikat                    1.151.762            5.332                 903                United States Dollar                       Pihak berelasi (Catatan 56)                               216.385.695             167.743.045                        Related parties (Note 56)
                                                                                                                                                           Pihak ketiga*)                                          1.121.450.363             932.992.618                                   Third parties*)
     Terkait suku bunga                                                                                             Interest rate related
     Swap - suku bunga                                                                                              Swap - interest rate                  Total                                                    1.337.836.058            1.100.735.663                                                      Total
         Lain-lain                                3.891.861          27.447             23.577                                 Others
                                                                                                                                                          Mata uang asing                                                                                                               Foreign currencies
      Total pihak berelasi                                          198.156             76.404                     Total related parties                   Pihak berelasi (Catatan 56)                                75.249.405              70.337.975                        Related parties (Note 56)
                                                                                                                                                           Pihak ketiga**)                                           210.131.149             188.758.557                                  Third parties**)
     Pihak ketiga                                                                                                         Third parties
                                                                                                                                                          Total (Catatan 62.B.(iv))                                  285.380.554             259.096.532                                 Total (Note 62.B.(iv))
     Terkait nilai tukar                                                                                     Foreign currencies related
     Kontrak berjangka - beli                                                                                            Forward - buy                                                                             1.623.216.612            1.359.832.195
         Dolar Amerika Serikat                   17.616.297             905            210.053                 United States Dollar                       Dikurangi: cadangan kerugian                                                                                                     Less: allowance for
         Lain-lain                                3.177.333          55.679                675                               Others                         penurunan nilai                                           (49.354.645)               (53.098.619)                             impairment losses
     Kontrak berjangka - jual                                                                                            Forward - sell                   Neto                                                     1.573.861.967            1.306.733.576                                                         Net
         Dolar Amerika Serikat                    3.577.577          30.646              1.961                  United States Dollar
         Lain-lain                                1.639.901             763             11.159                               Others
                                                                                                                                                          *)     Termasuk kredit yang diukur pada nilai wajar melalui                              *)    Including loans measured at fair value through other
     Swap - beli                                                                                                            Swap - buy                           penghasilan komprehensif lain, berdasarkan kategori “pihak                              comprehensive income, on the “third party” category in Rupiah
                                                                                                                                                                 ketiga” pada mata uang Rupiah pada tanggal 31 Desember                                  currency as of 31 December 2024 and 2023 amounted to
        Dolar Amerika Serikat                    49.802.975         200.109            327.435                  United States Dollar                             2024 dan 2023 adalah masing-masing sebesar Rp3.866.423                                  Rp3,866,423 and Rp345,413, respectively.
        Lain-lain                                 1.803.780          36.196              5.581                               Others                              dan Rp345.413.
                                                                                                                                                          **)    Termasuk kredit yang diukur pada nilai wajar melalui                              **)   Including loans measured at fair value through other
                                                                                                                                                                 penghasilan komprehensif lain, berdasarkan kategori “pihak                              comprehensive income, on the “third party” category in foreign
     Swap - jual                                                                                                            Swap - sell                          ketiga” pada mata uang asing pada tanggal 31 Desember                                   currencies as of 31 December 2024 and 2023 amounted to
        Dolar Amerika Serikat                    43.657.158         265.592            163.798                  United States Dollar                             2024 dan 2023 adalah masing-masing sebesar Rp1.596.428                                  Rp1,596,428 and Rp2,157,635, respectively.
        Lain-lain                                 3.647.738             961             37.020                               Others                              dan Rp2.157.635.


     Option - beli                                                                                                         Option - buy              b.   Berdasarkan jangka waktu:                                                         b.     By period:
         Dolar Amerika Serikat                      669.770          53.594                     -               United States Dollar
                                                                                                                                                                                                                       2024                      2023
     Option - jual                                                                                                         Option - sell
         Dolar Amerika Serikat                      669.770                  -          30.247                  United States Dollar
                                                                                                                                                          Rupiah                                                                                                                                        Rupiah
     Terkait suku bunga                                                                                             Interest rate related                   Kurang dari 1 tahun                                      174.388.303                 128.903.288                                Less than 1 year
     Swap - suku bunga                                                                                             Swap - interest rate                     1 - 2 tahun                                               84.439.945                  73.345.493                                      1 - 2 years
         Dolar Amerika Serikat                   31.506.681         590.710            535.912                  United States Dollar                        2 - 5 tahun                                              270.990.215                 244.535.984                                      2 - 5 years
         Lain-lain                               40.387.460         561.435            713.608                                 Others                       Lebih dari 5 tahun*)                                     808.017.595                 653.950.898                                  Over 5 years*)
     Bond forward - beli                                                                                            Bond forward - buy                    Total                                                    1.337.836.058            1.100.735.663                                                       Total
        Lain-lain                                   130.000              185                    -                           Others

      Total pihak ketiga                                          1.796.775          2.037.449                        Total third parties                 *)    Termasuk kredit yang diukur pada nilai wajar melalui                               *)     Including loans measured at fair value through other
                                                                                                                                                                penghasilan komprehensif lain, berdasarkan kategori “lebih dari                           comprehensive income, on the “over 5 years” category in
                                                                                                                                                                5 tahun” pada mata uang Rupiah pada tanggal 31 Desember                                   Rupiah currency as of 31 December 2024 and 2023, amounted
      Total                                                       1.994.931          2.113.853                                     Total                        2024 dan 2023 adalah masing-masing sebesar Rp3.866.423                                    to Rp3,866,423 and Rp345,413, respectively.
                                                                                                                                                                dan Rp345.413.




PT BANK MANDIRI (PERSERO) TBK                         1456         177                                                                                                                                                            1457
                                                                                                                                                                                                                                     178                                                ANNUAL REPORT 2024
Page 451
          FINANCIAL STATEMENTS 2024


                                                        PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                        PT BANK MANDIRI (PERSERO) Tbk.
                                                   DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                              DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                      NOTES TO THE CONSOLIDATED                                             CATATAN ATAS LAPORAN KEUANGAN                                                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                             FINANCIAL STATEMENTS                                           KONSOLIDASIAN                                                                                                           FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                             31 DECEMBER 2024 AND 2023                                          31 DESEMBER 2024 DAN 2023                                                                                           31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                    (Expressed in millions of Rupiah, unless otherwise stated)                                   (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                  (Expressed in millions of Rupiah, unless otherwise stated)

                                                                                                                                                                                         12. KREDIT     YANG      DIBERIKAN                                          DAN        12. LOANS AND SHARIA RECEIVABLES/FINANCING
12. KREDIT     YANG      DIBERIKAN                                              DAN        12. LOANS AND SHARIA RECEIVABLES/FINANCING                                                        PIUTANG/PEMBIAYAAN SYARIAH (lanjutan)                                                  (continued)
    PIUTANG/PEMBIAYAAN SYARIAH (lanjutan)                                                      (continued)
                                                                                                                                                                                             A.   Kredit yang diberikan dan piutang/pembiayaan                                         A.     Details of loans and sharia receivables/financing
     A.    Kredit yang diberikan dan piutang/pembiayaan                                         A.     Details of loans and sharia receivables/financing                                          syariah terdiri atas (lanjutan):                                                            (continued):
           syariah terdiri atas (lanjutan):                                                            (continued):                                                                               c.   Berdasarkan PSAK No. 109 (lanjutan):                                                   c.    Based on SFAS No. 109 (continued):

           b.   Berdasarkan jangka waktu (lanjutan):                                                   b.     By period (continued):                                                                   Berikut adalah perubahan nilai tercatat kredit                                               Movements in carrying amount of loans and
                                                                                                                                                                                                       yang diberikan dan piutang/pembiayaan                                                        sharia receivables/financing classified as
                                                                                                                                                                                                       syariah dengan klasifikasi biaya perolehan                                                   amortised cost by stage for the year ended 31
                                                                               2024                         2023
                                                                                                                                                                                                       diamortisasi berdasarkan stage untuk tahun                                                   December 2024 and 2023 (continued):
                                                                                                                                                                                                       yang berakhir pada tanggal 31 Desember
                Mata uang asing                                                                                                                           Foreign currencies                           2024 dan 2023 (lanjutan):
                 Kurang dari 1 tahun                                        17.080.222                   29.837.241                                       Less than 1 year                                                                                                             2023
                 1 - 2 tahun                                                19.656.009                   19.094.608                                             1 - 2 years                                                                                                                               Syariah*)/
                 2 - 5 tahun                                                57.070.720                   52.755.873                                             2 - 5 years                                                              Stage 1              Stage 2              Stage 3                 Sharia*)               Total
                 Lebih dari 5 tahun**)                                     191.573.603                  157.408.810                                         Over 5 years**)
                                                                                                                                                                                                       Biaya perolehan
                                                                                                                                                                                                          diamortisasi                                                                                                                            At amortised cost
                Total (Catatan 62.B.(iv))                                  285.380.554                  259.096.532                                    Total (Note 62.B.(iv))                          Saldo awal tahun                 861.614.135            85.390.165          18.888.528              206.207.005        1.172.099.833        Beginning balance
                                                                                                                                                                                                       Transfer ke/(dari) stage 1        10.275.568            (9.283.371)           (992.197)                       -                    - Transfer to/(from) stage 1
                                                                                                                                                                                                       Transfer ke/(dari) stage 2       (29.320.906)           30.515.826          (1.194.920)                       -                    - Transfer to/(from) stage 2
                                                                        1.623.216.612                  1.359.832.195                                                                                   Transfer ke/(dari) stage 3        (3.318.336)          (27.967.374)         31.285.710                        -                    - Transfer to/(from) stage 3
                Dikurangi: cadangan kerugian                                                                                                            Less: allowance for
                                                                                                                                                                                                       Total saldo awal setelah                                                                                                                 Total beginning balance
                  penurunan nilai                                              (49.354.645 )                (53.098.619)                               impairment losses                                 pengalihan                     839.250.461           78.655.246           47.987.121              206.207.005        1.172.099.833             after transfer
                                                                                                                                                                                                       Pengukuran kembali                                                                                                                        Remeasurement of net
                Neto                                                    1.573.861.967                  1.306.733.576                                                           Net                       bersih nilai tercatat**)        (92.595.976)          (5.445.408)            (3.367.652)                       -      (101.409.036)      carrying amount**)
                                                                                                                                                                                                       Aset keuangan baru                                                                                                                          New financial assets
                **)   Termasuk kredit yang diukur pada nilai wajar melalui                                    **)     Including loans measured at fair value through other
                                                                                                                                                                                                         yang diterbitkan                                                                                                                              originated or
                      penghasilan komprehensif lain, berdasarkan kategori “lebih dari                                 comprehensive income, on the “over 5 years” category in foreign                    atau dibeli                    634.785.445           27.841.941              1.306.697            148.091.600          812.025.683              purchased
                      5 tahun” pada mata uang asing pada tanggal 31 Desember                                          currencies as of 31 December 2024 and 2023 amounted to                           Aset keuangan yang
                      2024 dan 2023 adalah masing-masing sebesar Rp1.596.428                                          Rp1,596,428 and Rp2,157,635, respectively.                                         dihentikan                                                                                                                                     Financial assets
                      dan Rp2.157.635.                                                                                                                                                                   pengakuannya                  (371.938.628)          (17.219.147)            (1.597.508)         (113.760.421)        (504.515.704)            derecognised
                                                                                                                                                                                                       Aset keuangan yang                                                                                                                             Written-off financial
                                                                                                                                                                                                         dihapusbuku                        (166.418)               (189.101)      (17.885.463)              (2.630.647)         (20.871.629)                   assets
           c.   Berdasarkan PSAK No. 109:                                                              c.     Based on SFAS No. 109:
                                                                                                                                                                                                       Total penambahan/                                                                                                                                  Total increase/
                                                                                                                                                                                                         (penurunan)                                                                                                                                       (decrease)
                Berikut adalah perubahan nilai tercatat kredit                                                Movements in carrying amount of loans and                                                  tahun berjalan                 170.084.423             4.988.285          (21.543.926)             31.700.532          185.229.314            during the year
                yang diberikan dan piutang/pembiayaan                                                         sharia receivables/financing classified as
                syariah dengan klasifikasi biaya perolehan                                                    amortised cost by stage for the year ended 31                                            Saldo akhir tahun              1.009.334.884           83.643.531           26.443.195              237.907.537        1.357.329.147              Ending balance
                diamortisasi berdasarkan stage untuk tahun                                                    December 2024 and 2023:
                yang berakhir pada tanggal 31 Desember                                                                                                                                                 *)    Tidak menerapkan PSAK No. 109.                                                         *)    Not implement SFAS No. 109.
                                                                                                                                                                                                       **)   Termasuk di dalam pengukuran        kembali   bersih    adalah                         **)   Including in the net remeasurement is repayment.
                2024 dan 2023:                                                                                                                                                                               pembayaran kembali.


                                                                                                2024                                                                                                   Berikut adalah perubahan nilai tercatat kredit                                               Following are the changes in the carrying
                                                                                                                                                                                                       yang diberikan dengan klasifikasi nilai wajar                                                amount of loans classified as fair value
                                                                                                                    Syariah /*)
                                                                                                                                                                                                       melalui penghasilan komprehensif lain                                                        through other comprehensive income (all
                                                    Stage 1             Stage 2             Stage 3                  Sharia*)               Total
                                                                                                                                                                                                       (semua kredit yang diberikan dengan                                                          loans classified as fair value through other
                                                                                                                                                                                                       klasifikasi nilai wajar melalui penghasilan                                                  comprehensive income are stage 1) the year
                Biaya perolehan                                                                                                                                                                        komprehensif lain adalah stage 1) untuk                                                      ended 31 December 2024 and 2023:
                   diamortisasi                                                                                                                             At amortised cost
                Saldo awal tahun           1.009.334.884                 83.643.531          26.443.195              237.907.537        1.357.329.147       Beginning balance                          tahun yang berakhir pada tanggal 31
                Transfer ke/(dari) stage 1     8.186.115                 (6.187.041)         (1.999.074)                       -                    - Transfer to/(from) stage 1                       Desember 2024 dan 2023:
                Transfer ke/(dari) stage 2 (22.159.046)                  32.777.451         (10.618.405)                       -                    - Transfer to/(from) stage 2
                Transfer ke/(dari) stage 3    (3.870.080)               (20.828.571)         24.698.651                        -                    - Transfer to/(from) stage 3                                                                                                2024

                Total saldo awal setelah                                                                                                                   Total beginning balance                                                                                                         Cadangan
                  Pengalihan                      991.491.873            89.405.370         38.524.367               237.907.537        1.357.329.147             after transfer                                                                                                            kerugian
                                                                                                                                                                                                                                                                                        penurunan nilai*)/
                Pengukuran kembali                                                                                                                          Remeasurement of net                                                                             Nilai tercatat/             Allowance for
                  bersih nilai tercatat**)         (89.338.677)           (5.490.119)          (1.378.987)                        -        (96.207.783)      carrying amount**)                                                                                Carrying                   impairment
                Aset keuangan baru                                                                                                                            New financial assets                                                                              amount                       losses*)
                  yang diterbitkan                                                                                                                                originated or
                  atau dibeli                     869.724.968            19.746.360              633.211             179.762.718        1.069.867.257               purchased                          Nilai wajar melalui penghasilan                                                                                                      Fair value through
                Aset keuangan yang                                                                                                                                                                       komprehensif lain                                                                                                     other comprehensive income
                  dihentikan                     (535.521.800)          (17.854.445)           (5.936.496)          (140.176.896)        (699.489.637)             Financial assets                    Saldo awal tahun                                                2.503.048                           11.857                            Beginning balance
                  pengakuannya                                                                                                                                    derecognised                         Pengukuran kembali                                                989.223                           13.551                              Remeasurement
                Aset keuangan yang                                                                                                                               Written-off financial                 Aset keuangan baru yang                                                                                                   New financial assets originated
                  dihapusbuku                         (205.875)                (195.573)    (11.021.042)               (2.322.733)         (13.745.223)                   assets                         diterbitkan atau dibeli                                       3.539.764                           58.160                               or purchased
                                                                                                                                                                                                       Aset keuangan yang                                                                                                                       Financial assets
                Total penambahan/                                                                                                                                     Total increase/                    dihentikan pengakuannya                                       (1.569.184 )                           (796 )                            derecognised
                  (penurunan)                                                                                                                                         (decrease)
                  tahun berjalan                  244.658.616             (3.793.777)       (17.703.314)              37.263.089          260.424.614            during the year
                                                                                                                                                                                                       Saldo akhir tahun                                               5.462.851                           82.772                                    Ending balance
                Saldo akhir tahun               1.236.150.489            85.611.593         20.821.053               275.170.626        1.617.753.761                  Ending balance
                                                                                                                                                                                                                                                                                                    *)      Allowance for impairment losses on loans classified as fair
                                                                                                                                                                                                       *)     Cadangan kerugian penurunan nilai pada kredit yang
                                                                                                                                                                                                              diberikan dengan klasifikasi nilai wajar melalui penghasilan                                  value through other comprehensive income is recorded in other
                *)    Tidak menerapkan PSAK No. 109.                                                          *)    Not implement SFAS No. 109.                                                               komprehensif lain dicatat pada penghasilan komprehensif lain                                  comprehensive income in equity, because the carrying amount
                **)   Termasuk di dalam pengukuran          kembali   bersih    adalah                        **)   Including in the net remeasurement is repayment.                                          pada pos ekuitas, karena nilai tercatatnya disajikan sebesar                                  is presented at fair value in accordance with Note 2c.(H).(1).
                      pembayaran kembali.                                                                                                                                                                     nilai wajarnya sesuai Catatan 2c.(H).(1).




PT BANK MANDIRI (PERSERO) TBK                                                  1458         179                                                                                                                                                                               1459
                                                                                                                                                                                                                                                                                 180                                                       ANNUAL REPORT 2024
Page 452
          FINANCIAL STATEMENTS 2024


                                                     PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                  PT BANK MANDIRI (PERSERO) Tbk.
                                                DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                        DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                   NOTES TO THE CONSOLIDATED                                    CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                          FINANCIAL STATEMENTS                                  KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                          31 DECEMBER 2024 AND 2023                                 31 DESEMBER 2024 DAN 2023                                                                     31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                 (Expressed in millions of Rupiah, unless otherwise stated)                          (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)


12. KREDIT     YANG      DIBERIKAN                                        DAN         12. LOANS AND SHARIA RECEIVABLES/FINANCING                                             12. KREDIT     YANG      DIBERIKAN                   DAN       12. LOANS AND SHARIA RECEIVABLES/FINANCING
    PIUTANG/PEMBIAYAAN SYARIAH (lanjutan)                                                 (continued)                                                                            PIUTANG/PEMBIAYAAN SYARIAH (lanjutan)                          (continued)

     A.    Kredit yang diberikan dan piutang/pembiayaan                                    A.   Details of loans and sharia receivables/financing                                B.   Berikut adalah informasi penting lainnya                     B.    Other significant information related to loans and
           syariah terdiri atas (lanjutan):                                                     (continued):                                                                          sehubungan dengan kredit yang diberikan dan                        sharia receivables/financing (continued):
                                                                                                                                                                                      piutang/pembiayaan syariah (lanjutan):
           c.   Berdasarkan PSAK No. 109 (lanjutan):                                            c.    Based on SFAS No. 109 (continued):
                                                                                                                                                                                      b.   Tingkat suku bunga rata-rata (yield) dan                      b.    Average interest rates (yield) and range of profit
                                                                                      2023
                                                                                                                                                                                           kisaran bagi hasil per tahun adalah sebagai                         sharing per annum are as follows:
                                                                                               Cadangan                                                                                    berikut:
                                                                                                kerugian
                                                                                            penurunan nilai*)/                                                                                                                    2024                        2023
                                                                    Nilai tercatat/          Allowance for
                                                                      Carrying                impairment
                                                                       amount                    losses*)                                                                                  Tingkat suku bunga rata-rata                                                                   Average interest rates
                                                                                                                                                                                             (yield) per tahun:                                                                            (yield) per annum:
                Nilai wajar melalui penghasilan                                                                                            Fair value through
                  komprehensif lain                                                                                          other comprehensive income
                                                                                                                                                                                             Rupiah                                      8,28%                       8,50%                             Rupiah
                Saldo awal tahun                                               500.049                       8.743                          Beginning balance                                Mata uang asing                                                                               Foreign currencies
                Pengukuran kembali                                             (81.539)                       (814)                           Remeasurement                                     (disetarakan dalam                                                                            (equivalent to
                Aset keuangan baru yang                                                                                         New financial assets originated                                 Rupiah)                                  6,83%                       6,79%                          Rupiah)
                  diterbitkan atau dibeli                                    2.084.538                       3.928                             or purchased
                                                                                                                                                                                           Kisaran bagi hasil per tahun:                                                     Range of profit sharing per annum:
                Saldo akhir tahun                                            2.503.048                      11.857                                 Ending balance
                                                                                                                                                                                             Piutang murabahah                1,05% - 9,96%             1,04% - 10,37%               Murabahah receivables
                                                                                                                                                                                             Pembiayaan musyarakah            3,65% - 13,63%            2,12% - 14,17%                 Musyarakah financing
                *)   Cadangan kerugian penurunan nilai pada kredit yang                               *)    Allowance for impairment losses on loans classified as fair                      Pembiayaan syariah lainnya       3,94% - 14,06%            4,01% - 14,05%                 Other sharia financing
                     diberikan dengan klasifikasi nilai wajar melalui penghasilan                           value through other comprehensive income is recorded in other
                     komprehensif lain dicatat pada penghasilan komprehensif lain                           comprehensive income in equity, because the carrying amount
                     pada pos ekuitas, karena nilai tercatatnya disajikan sebesar                           is presented at fair value in accordance with Note 2c.(H).(1).            c.   Agunan kredit                                                 c.    Loan collaterals
                     nilai wajarnya sesuai Catatan 2c.(H).(1).


     B.    Berikut adalah informasi penting lainnya                                        B.   Other significant information related to loans and                                         Kredit yang diberikan dan piutang/                                  Loans and sharia receivables/financing are
           sehubungan dengan kredit yang diberikan dan                                          sharia receivables/financing:                                                              pembiayaan syariah pada umumnya dijamin                             generally secured by pledged collateral bound
           piutang/pembiayaan syariah:                                                                                                                                                     dengan agunan yang diikat dengan hak                                with powers of attorney in respect of the rights
                                                                                                                                                                                           tanggungan atau surat kuasa untuk menjual,                          to sell, time deposits or other collateral
           a.   Termasuk di dalam kredit yang diberikan                                         a.    Included      in     loans     are   sharia                                          deposito berjangka atau jaminan lain yang                           acceptable by Bank Mandiri and its
                adalah piutang/pembiayaan berdasarkan                                                 receivables/financing granted by Subsidiary                                          dapat diterima oleh Bank Mandiri dan Entitas                        Subsidiaries. Deposits from customers and
                prinsip syariah yang diberikan oleh Entitas                                           amounted        to     Rp275,170,626   and                                           Anak. Simpanan nasabah dan simpanan dari                            deposits from other banks that were pledged
                Anak          masing-masing        sebesar                                            Rp237,907,537 as of 31 December 2024 and                                             bank lain yang dijadikan jaminan tunai untuk                        as cash collateral for loans and blocked for
                Rp275.170.626 dan Rp237.907.537 pada                                                  2023, respectively which consist of:                                                 kredit yang diberikan dan diblokir untuk                            other purposes as of 31 December 2024 and
                tanggal 31 Desember 2024 dan 2023, terdiri                                                                                                                                 tujuan lain pada tanggal 31 Desember 2024                           2023 amounted to Rp94,124,176 and
                atas:                                                                                                                                                                      dan 2023 adalah masing-masing sebesar                               Rp82,768,773, respectively (Note 21c, 22c,
                                                                                                                                                                                           Rp94.124.176 dan Rp82.768.773 (Catatan                              23e, 24c and 26d).
                                                                         2024                        2023                                                                                  21c, 22c, 23e, 24c dan 26d).

                Piutang murabahah                                       144.272.534              136.503.096                         Murabahah receivables                            d.   Kredit sindikasi                                              d.    Syndication loans
                Pembiayaan musyarakah dan                                                                                      Musyarakah and mudharabah
                  mudharabah                                            117.124.297                  90.097.330                                  financing                                 Kredit sindikasi merupakan kredit yang                              Syndication loans represent loans granted to
                Pembiayaan syariah lainnya                                                                                            Other sharia financing                               diberikan kepada debitur melalui perjanjian                         debtors through joint financing agreements
                  (termasuk pinjaman qardh)                              13.773.795                  11.307.111                 (including funds of qardh)                                 pembiayaan bersama dengan bank-bank lain                            with other banks as creditor. Apart from being
                                                                                                                                                                                           sebagai kreditur. Selain sebagai kreditur,                          creditor, the Bank also act as an agent (facility
                Total                                                   275.170.626              237.907.537                                                Total                          Bank juga dapat berperan sebagai agen                               agent, guarantee agent, shelter agent) which
                Dikurangi: cadangan kerugian                                                                                                  Less: allowance for                          (agen fasilitas, agen jaminan, agen                                 operates administrative function for all of
                  penurunan nilai                                       (10.273.223)                 (9.675.229)                             impairment losses                             penampungan) yang menjalankan fungsi                                creditors and debtors’ interest.
                                                                                                                                                                                           administratif untuk kepentingan seluruh
                Neto                                                    264.897.403              228.232.308                                                         Net                   kreditur dan debitur.



PT BANK MANDIRI (PERSERO) TBK                                            1460             181                                                                                                                                             146182                                          ANNUAL REPORT 2024
Page 453
          FINANCIAL STATEMENTS 2024


                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                                          PT BANK MANDIRI (PERSERO) Tbk.
                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED              CATATAN ATAS LAPORAN KEUANGAN                                                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS            KONSOLIDASIAN                                                                                                          FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                  31 DECEMBER 2024 AND 2023           31 DESEMBER 2024 DAN 2023                                                                                          31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)         (Expressed in millions of Rupiah, unless otherwise stated)    (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                 (Expressed in millions of Rupiah, unless otherwise stated)


12. KREDIT     YANG      DIBERIKAN                      DAN     12. LOANS AND SHARIA RECEIVABLES/FINANCING                     12. KREDIT     YANG      DIBERIKAN                                        DAN          12. LOANS AND SHARIA RECEIVABLES/FINANCING
                                                                                                                                   PIUTANG/PEMBIAYAAN SYARIAH (lanjutan)                                                  (continued)
    PIUTANG/PEMBIAYAAN SYARIAH (lanjutan)                           (continued)
                                                                                                                                   B.   Berikut adalah informasi penting lainnya                                          B.      Other significant information related to loans and
     B.    Berikut adalah informasi penting lainnya                B.   Other significant information related to loans and              sehubungan dengan kredit yang diberikan dan                                               sharia receivables/financing (continued):
                                                                                                                                        piutang/pembiayaan syariah (lanjutan):
           sehubungan dengan kredit yang diberikan dan                  sharia receivables/financing (continued):
           piutang/pembiayaan syariah (lanjutan):                                                                                       g.        Mutasi cadangan kerugian penurunan nilai                                        g.     Movements of allowance for impairment losses
                                                                                                                                                  kredit     yang        diberikan   dan                                                 on loans and sharia receivables/financing
                                                                                                                                                  piutang/pembiayaan syariah
           d.   Kredit sindikasi (lanjutan)                             d.   Syndication loans (continued)
                                                                                                                                                                                                        2024                           2023
                Pada tanggal 31 Desember 2024 dan 2023,                      As of 31 December 2024 and 2023, the
                                                                                                                                                  Saldo awal tahun1)                                    53.098.619                     64.612.645                                Beginning balance1)
                jumlah persentase pembiayaan Bank Mandiri                    percentage of Bank Mandiri financing as a                            Pembentukan selama                                                                                                                Allowance during
                yang berperan sebagai kreditur dan agen                      creditor and facility agent is between 1.17% to                        tahun berjalan (Catatan 46)                         10.270.329                       9.788.587                               the year (Note 46)
                fasilitas adalah masing-masing berkisar                      97.15% and 1.21% to 98.02% from total                                Penghapusbukuan2)                                    (13.745.223)                    (20.871.629)                                       Write-offs2)
                                                                                                                                                  Lain-lain*)                                             (269.080)                       (430.984)                                          Others*)
                antara 1,17% sampai dengan 97,15% dan                        participation of Bank Mandiri in syndication
                1,21% sampai dengan 98,02% dari jumlah                       loans. While the percentage of Bank Mandiri                          Saldo akhir tahun3)                                   49.354.645                     53.098.619                                     Ending balance3)
                total keikutsertaan Bank Mandiri pada kredit                 financing as syndication member as of
                                                                                                                                             *)        Termasuk selisih kurs karena penjabaran mata uang asing dan                       *)     Included effect of foreign currency translation and implication
                sindikasi. Sementara jumlah persentase                       31 December 2024 and 2023 is between                                      pengakuan pendapatan bunga atas bagian yang tidak                                        from interest income recognised on the non-impaired portion of
                                                                                                                                                       mengalami penurunan nilai dari kredit yang mengalami                                     the impaired loans (Note 41).
                pembiayaan Bank Mandiri yang berperan                        0.21% to 55.02% and 0.15% to 62.50% from                                  penurunan nilai (Catatan 41).
                                                                                                                                             1)        Saldo awal 31 Desember 2024 dan 2023 masing-masing                                1)     Beginning balance as of 31 December 2024 and 2023
                hanya sebagai anggota sindikasi pada                         total participation of Bank Mandiri in                                    sebesar Rp26.502.710 dan Rp39.161.899 yang dihitung                                      amounted to Rp26,502,710 and Rp39,161,899, respectively,
                                                                                                                                                       secara individual dan Rp26.595.909 dan Rp25.450.746 yang                                 were calculated using individual assessment and amounted to
                tanggal 31 Desember 2024 dan 2023 adalah                     syndication loans.                                                        dihitung secara kolektif.                                                                Rp26,595,909 and Rp25,450,746, respectively, were
                masing-masing berkisar antara 0,21%                                                                                          2)        Penghapusbukuan pada tanggal 31 Desember 2024 dan 2023                            2)
                                                                                                                                                                                                                                                calculated using collective assessment.
                                                                                                                                                                                                                                                Write-off as of 31 December 2024 and 2023 amounted to
                sampai dengan 55,02% dan 0,15% sampai                                                                                                  masing-masing sebesar Rp2.486.522 dan Rp10.014.928 untuk
                                                                                                                                                       debitur yang dievaluasi secara individual dan Rp11.258.701
                                                                                                                                                                                                                                                Rp2,486,522 and Rp10,014,928, respectively, were calculated
                                                                                                                                                                                                                                                using individual assessment and Rp11,258,701 and
                dengan 62,50% dari jumlah keseluruhan                                                                                                  dan Rp10.856.701 untuk debitur yang dievaluasi secara                                    Rp10,856,701, respectively, were calculated using collective
                                                                                                                                                       kolektif.                                                                                assessment.
                keikutsertaan Bank Mandiri pada kredit                                                                                       3)        Saldo akhir pada tanggal 31 Desember 2024 dan 2023 terdiri                        3)     Ending balance as of 31 December 2024 and 2023, amounted
                                                                                                                                                       dari Rp23.922.447 dan Rp26.502.710 yang dihitung secara                                  to Rp23,922,447 and Rp26,502,710, respectively, were
                sindikasi.                                                                                                                             individual dan Rp25.432.198 dan Rp26.595.909 yang dihitung                               calculated using individual assessment and Rp25,432,198 and
                                                                                                                                                       secara kolektif.                                                                         Rp26,595,909, respectively, were calculated using collective
                                                                                                                                                                                                                                                assessment.

           e.   Kredit      yang      diberikan     dan                 e.   Loans and sharia receivables/financing to                                                                                                    2024
                piutang/pembiayaan syariah kepada pihak                      related parties                                                                                                                                                  Syariah*)/
                berelasi                                                                                                                                                        Stage 1             Stage 2             Stage 3                Sharia*)               Total

                                                                                                                                                  Saldo awal tahun              12.042.940           15.756.381          15.624.069              9.675.229           53.098.619            Beginning balance
                Total    kredit   yang     diberikan   dan                   Total loans and sharia receivables/financing to
                                                                                                                                                  Pengalihan ke/(dari):                                                                                                                   Transfer to/(from):
                piutang/pembiayaan syariah kepada pihak                      related parties and its percentage to the total                      - Kerugian kredit                                                                                                                   12 months expected -
                                                                                                                                                     ekspektasian 12 bulan                                                                                                                 credit losses
                berelasi dan persentase terhadap total aset                  consolidated assets are disclosed in Note 56.                           (stage 1)                    1.110.714           (642.389)            (468.325)                        -                     -           (stage 1)
                konsolidasian diungkapkan pada Catatan 56.                                                                                        - Kerugian kredit
                                                                                                                                                     ekspektasian sepanjang                                                                                                              Lifetime expected -
                                                                                                                                                     umurnya - tidak                                                                                                                         credit losses
                                                                                                                                                     mengalami penurunan                                                                                                                     - unimpaired
                Termasuk dalam kredit yang diberikan dan                     Loans and sharia receivables/financing to                               nilai (stage 2)               (998.665)          5.495.134          (4.496.469)                        -                     -              (stage 2)
                piutang/pembiayaan syariah kepada pihak                      related parties included loans to key personnel                      - Kerugian kredit
                                                                                                                                                     ekspektasian sepanjang                                                                                                              Lifetime expected -
                berelasi adalah kredit yang diberikan kepada                 of Bank Mandiri and Subsidiaries. The loans                             umurnya - mengalami                                                                                                                     credit losses
                karyawan kunci Bank Mandiri dan Entitas                      and sharia receivables/financing to Bank                                penurunan                                                                                                                                  - impaired
                                                                                                                                                     nilai (stage 3)               (195.326)         (5.863.246)          6.058.572                        -                      -               (stage 3)
                Anak.     Kredit   yang      diberikan    dan                Mandiri and Subsidiaries key personnel
                                                                                                                                                  Total saldo awal setelah                                                                                                            Total beginning balance
                piutang/pembiayaan        syariah      kepada                consist of loans with average interest-bearing                         pengalihan                  11.959.663           14.745.880          16.717.847              9.675.229           53.098.619               after transfer
                karyawan kunci Bank Mandiri dan Entitas                      rate amounted to 7.53% per annum which are                           Pengukuran kembali bersih                                                                                                            Net remeasurement of
                Anak terdiri dari kredit dengan rata-rata                    used for the acquisition of vehicles and/or                            penyisihan kerugian          (3.959.876)         (1.019.785)         10.229.757                806.842             6.056.938         losses allowance
                                                                                                                                                  Aset keuangan baru yang                                                                                                               New financial assets
                tingkat suku bunga sebesar 7,53% per tahun                   houses, and are repayable within 1 (one) to 28                         diterbitkan atau                                                                                                                         originated or
                yang digunakan untuk membeli kendaraan                       (twenty eight) years through monthly payroll                           dibeli                        3.860.044           6.870.647            405.918               2.100.641           13.237.250                purchased
                                                                                                                                                  Aset keuangan yang
                bermotor dan/atau rumah dengan jangka                        deductions.                                                            dihentikan                                                                                                                               Financial assets
                                                                                                                                                    pengakuannya                 (2.052.451)         (3.977.125)         (2.994.283)                        -         (9.023.859)            derecognised
                waktu 1 (satu) sampai 28 (dua puluh
                delapan) tahun yang dibayar melalui                                                                                               Total pembentukan/                                                                                                                        Total allowance/
                                                                                                                                                     (pembalikan)                                                                                                                               (reversal)
                pemotongan gaji karyawan setiap bulan.                                                                                               tahun berjalan              (2.152.283)          1.873.737           7.641.392              2.907.483           10.270.329            during the year
                                                                                                                                                  Aset keuangan yang
                                                                                                                                                     dihapusbuku                   (205.875)           (195.573)        (11.021.042)            (2.322.733)         (13.745.223)            Written-off assets
           f.   Bank Mandiri memiliki sejumlah perjanjian               f.   Bank Mandiri has several channeling loan                             Unwinding interest                      -                   -            (714.754)                     -             (714.754)           Unwinding interest
                                                                                                                                                  Lain-lain                          64.128             297.831              70.471                 13.244              445.674                         Others
                penerusan kredit dengan lembaga keuangan                     agreements with several international financial
                internasional (Catatan 61).                                  institutions (Note 61).                                              Saldo akhir tahun               9.665.633          16.721.875          12.693.914            10.273.223            49.354.645              Ending balance

                                                                                                                                                  *)   Tidak menerapkan PSAK No. 109.                                                    *)     Not implement SFAS No. 109.




PT BANK MANDIRI (PERSERO) TBK                          1462      183                                                                                                                                                 1463
                                                                                                                                                                                                                        184                                                    ANNUAL REPORT 2024
Page 454
          FINANCIAL STATEMENTS 2024


                                                 PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                PT BANK MANDIRI (PERSERO) Tbk.
                                            DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE CONSOLIDATED                                   CATATAN ATAS LAPORAN KEUANGAN                                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                            FINANCIAL STATEMENTS                                 KONSOLIDASIAN                                                                                                   FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                            31 DECEMBER 2024 AND 2023                                31 DESEMBER 2024 DAN 2023                                                                                   31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                   (Expressed in millions of Rupiah, unless otherwise stated)                         (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                          (Expressed in millions of Rupiah, unless otherwise stated)


12. KREDIT     YANG      DIBERIKAN                            DAN         12. LOANS AND SHARIA RECEIVABLES/FINANCING                                          12. KREDIT     YANG      DIBERIKAN                                 DAN          12. LOANS AND SHARIA RECEIVABLES/FINANCING
                                                                                                                                                                  PIUTANG/PEMBIAYAAN SYARIAH (lanjutan)                                           (continued)
    PIUTANG/PEMBIAYAAN SYARIAH (lanjutan)                                     (continued)
                                                                                                                                                                  B.   Berikut adalah informasi penting lainnya                                   B.   Other significant information related to loans and
     B.    Berikut adalah informasi penting lainnya                          B.      Other significant information related to loans and                                sehubungan dengan kredit yang diberikan dan                                     sharia receivables/financing (continued):
           sehubungan dengan kredit yang diberikan dan                               sharia receivables/financing (continued):                                         piutang/pembiayaan syariah (lanjutan):
           piutang/pembiayaan syariah (lanjutan):
                                                                                                                                                                       h.   Penghapusbukuan kredit macet                                               h.     Written-off of non-performing loans

           g.   Mutasi cadangan kerugian penurunan nilai                             g.   Movements of allowance for impairment                                             Pada tahun yang berakhir pada tanggal                                             For period and year ended 31 December 2024
                kredit     yang        diberikan      dan                                 losses      on      loans      and sharia                                         31 Desember      2024 dan 2023,           Bank                                    and 2023, Bank Mandiri had written-off non-
                piutang/pembiayaan syariah (lanjutan)                                     receivables/financing (continued)                                                 Mandiri melaksanakan penghapusbukuan                                              performing loans amounted to Rp11,097,083
                                                                                                                                                                            kredit   macet      masing-masing     sebesar                                     and Rp17,863,589 (for Bank Mandiri only),
                                                                                                                                                                            Rp11.097.083 dan Rp17.863.589 (Bank                                               respectively. The criteria for loan write-offs are
                                                                             2023                                                                                           Mandiri saja). Adapun kriteria debitur yang                                       as follows:
                                                                                               Syariah*)/                                                                   dapat dihapusbukukan meliputi:
                                             Stage 1       Stage 2         Stage 3              Sharia*)             Total                                                  a. Fasilitas kredit telah digolongkan macet;                                      a.   Loan facility has been classified as loss;
                                                                                                                                                                            b. Fasilitas kredit telah dibentuk cadangan                                       b.   Loan facility has been provided with
                Saldo awal tahun             12.334.510    27.535.018       15.556.355            9.186.762         64.612.645          Beginning balance
                                                                                                                                                                                kerugian penurunan nilai sebesar 100%                                              100% (one hundred percent) allowance
                                                                                                                                                                                (seratus persen) dari pokok kredit                                                 for impairment loss from the loss loan
                Pengalihan ke/(dari):                                                                                                  Transfer to/(from):                      macetnya;                                                                          principal;
                - Kerugian kredit                                                                                                  12 months expected -                     c. Telah      dilakukan      berbagai    upaya                                    c.   Collection and recovery efforts have been
                   ekspektasian 12 bulan                                                                                                credit losses                           penagihan dan penyelamatan, namun                                                  performed, but the result is unsuccessful;
                   (stage 1)               1.040.068         (782.859)        (257.209)                     -                  -           (stage 1)                            tidak berhasil;
                - Kerugian kredit                                                                                                                                           d. Usaha debitur sudah tidak mempunyai                                            d.   The debtors’ business has no prospect or
                   ekspektasian sepanjang                                                                                             Lifetime expected -                       prospek atau kinerja debitur buruk atau                                            has bad performance or they do not have
                   umurnya - tidak                                                                                                        credit losses                         tidak ada kemampuan membayar; dan                                                  the loan repayment ability; and
                   mengalami penurunan                                                                                                    - unimpaired                      e. Hapus buku dilakukan terhadap seluruh                                          e.   The write-offs are performed for all loan
                   nilai (stage 2)        (1.147.513)       1.710.658         (563.145)                     -                  -              (stage 2)                         kewajiban kreditnya, termasuk yang                                                 obligations, including non-cash loan
                - Kerugian kredit                                                                                                                                               berasal dari non-cash loan sehingga                                                facilities, and the write-offs shall not be
                   ekspektasian sepanjang                                                                                             Lifetime expected -                       penghapusbukuan tidak boleh dilakukan                                              written-off partially.
                   umurnya - mengalami                                                                                                    credit losses                         pada sebagian kreditnya (partial write-off).
                   penurunan                                                                                                                 - impaired
                   nilai (stage 3)           (63.955)       (9.212.451)      9.276.406                      -                  -               (stage 3)
                                                                                                                                                                       i.   Kredit yang dihapusbukukan dicatat di                                      i.     Written-off loans are recorded in extra-
                Total saldo awal setelah                                                                                           Total beginning balance
                                                                                                                                                                            ekstra-komtabel. Bank terus melakukan                                             comptable. The Bank continues pursuing
                  pengalihan                 12.163.110    19.250.366       24.012.407            9.186.762         64.612.645             after transfer
                                                                                                                                                                            usaha-usaha penagihan atas kredit yang                                            for collection of the written-off loans. These
                                                                                                                                                                            telah    dihapusbukukan.     Kredit  ekstra-                                      loans are not reflected in the consolidated
                Pengukuran kembali bersih                                                                                           Net remeasurement of                    komtabel ini tidak disajikan dalam laporan                                        statement of financial position. A summary of
                  penyisihan kerugian     (2.864.358)      (2.877.180)       9.575.956              611.782          4.446.200        losses allowance                      posisi keuangan konsolidasian. Ikhtisar                                           movements of extra-comptable loans for the
                Aset keuangan baru yang                                                                                              New financial assets                   mutasi kredit ekstra-komtabel untuk tahun                                         periode and year ended 31 December 2024
                  diterbitkan atau                                                                                                        originated or                     yang        berakhir      pada      tanggal                                       and 2023 are as follows (for Bank Mandiri
                  dibeli                    4.811.944       3.067.776         828.217             2.513.931         11.221.868              purchased                       31 Desember 2024 dan 2023 adalah sebagai                                          only):
                Aset keuangan yang                                                                                                                                          berikut (Bank Mandiri saja):
                  dihentikan                                                                                                              Financial assets
                  pengakuannya             (1.887.053)      (3.453.097)       (539.331)                     -        (5.879.481)          derecognised                                                                           2024                       2023

                Total pembentukan/                                                                                                       Total allowance/
                                                                                                                                                                            Saldo awal tahun                                    105.131.352                  97.501.028                                 Beginning balance
                   (pembalikan)                                                                                                              (reversal)
                   tahun berjalan                60.533     (3.262.501)      9.864.842            3.125.713          9.788.587          during the year
                                                                                                                                                                            Penghapusbukuan                                      11.097.083                  17.863.589                                         Write-offs
                Aset keuangan yang
                                                                                                                                                                            Penerimaan kembali kredit
                   dihapusbuku                 (166.419)     (189.101)     (17.885.463)          (2.630.646)       (20.871.629)          Written-off assets                   yang telah dihapusbukukan                                                                                                Cash recoveries
                Unwinding interest                    -             -         (319.605)                   -           (319.605)         Unwinding interest                    (cash recoveries)                                   (6.783.077)               (10.134.741)                         from written-off loans
                Lain-lain                       (14.284)      (42.383)         (48.112)              (6.600)          (111.379)                      Others                 Lain-lain*)                                            1.051.473                    (98.524)                                          Others*)

                Saldo akhir tahun            12.042.940    15.756.381       15.624.069            9.675.229         53.098.619           Ending balance                     Saldo akhir tahun                                   110.496.831                 105.131.352                                    Ending balance

                *)   Tidak menerapkan PSAK No. 109.                                       *)     Not implement SFAS No. 109.
                                                                                                                                                                            *)   Merupakan selisih kurs karena penjabaran mata uang asing,                    *)   Represents effect of foreign currency translation, re-recognition
                                                                                                                                                                                 pencatatan kembali aset yang dihapusbuku dan lainnya.                             of written off assets and others.


                Manajemen berpendapat bahwa jumlah                                        Management believes that the allowance for                                   j.   Kredit yang disalurkan Bank Mandiri dengan                                 j.    Loans channelled by Bank Mandiri through
                cadangan kerugian penurunan nilai kredit                                  impairment losses on loans and sharia                                             sistem pembiayaan langsung (executing) ke                                        direct financing (executing) to multifinance
                yang diberikan dan piutang/pembiayaan                                     receivables/financing is adequate.                                                perusahaan pembiayaan dan pembiayaan                                             company and joint financing mechanism as of
                syariah telah memadai.                                                                                                                                      bersama (joint financing) pada tanggal                                           31 December 2024 and 2023 amounted to
                                                                                                                                                                            31 Desember 2024 dan 2023 masing-masing                                          Rp16,378,143 and Rp11,971,089, respectively.
                                                                                                                                                                            sebesar Rp16.378.143 dan Rp11.971.089.



PT BANK MANDIRI (PERSERO) TBK                                 1464         185                                                                                                                                                               1465
                                                                                                                                                                                                                                                186                                                ANNUAL REPORT 2024
Page 455
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                      PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                            DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED                    CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS                  KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                    31 DECEMBER 2024 AND 2023                 31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)          (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)        (Expressed in millions of Rupiah, unless otherwise stated)

12. KREDIT     YANG      DIBERIKAN                      DAN      12. LOANS AND SHARIA RECEIVABLES/FINANCING                            13. PIUTANG PEMBIAYAAN KONSUMEN (lanjutan)                    13. CONSUMER FINANCING RECEIVABLES (continued)
    PIUTANG/PEMBIAYAAN SYARIAH (lanjutan)                            (continued)
                                                                                                                                           a.   Rincian dari piutang pembiayaan konsumen                  a.   Details of Subsidiary’s consumer          financing
     B.    Berikut adalah informasi penting lainnya                    B.   Other significant information related to loans and
           sehubungan dengan kredit yang diberikan dan                      sharia receivables/financing (continued):                           Entitas Anak adalah sebagai berikut (lanjutan):                receivables are as follows (continued):
           piutang/pembiayaan syariah (lanjutan):
                                                                                                                                                Angsuran dari saldo piutang pembiayaan                         Installments of consumer financing receivables -
           k.   Nilai tercatat diamortisasi dari kredit yang                k.     The carrying amount of loans and sharia                      konsumen - bruto pada tanggal 31 Desember                      gross as of 31 December 2024 and 2023 which will
                diberikan dan piutang/pembiayasan syariah                          receivables/financing at amortised cost are as               2024 dan 2023 yang akan diterima dari                          be received from customers based on the maturity
                adalah sebagai berikut:                                            follows:                                                     konsumen berdasarkan tanggal jatuh temponya                    dates are as follows:
                                                                                                                                                adalah sebagai berikut:
                                                        2024                     2023
                Kredit yang diberikan                                                                                          Loans                                                        2024                 2023
                  (Catatan 12A)                     1.623.216.612           1.359.832.195                              (Note 12A)
                Bunga yang masih akan                                                                              Accrued interest             Tahun                                                                                                       Year
                  diterima                               5.968.024                5.123.412                           receivables
                Pendapatan diterima dimuka                                                                       Unearned income                2024                                                  -          22.117.833                                 2024
                  yang teratribusi                                                                          (directly attributable)             2025                                         26.036.309          17.146.248                                 2025
                  (Catatan 35)                          (1.117.656)               (1.023.992)                            (Note 35)              2026 dan sesudahnya                          42.424.119          20.125.263                         2026 and later
                Cadangan kerugian                                                                                      Allowance for
                  penurunan nilai                                                                              impairment losses                Total                                        68.460.428          59.389.344                                  Total
                  (Catatan 12A.c dan 12B.g)           (49.437.417)               (53.110.476)            (Note 12A.c and 12B.g)
                Total                               1.578.629.563           1.310.821.139                                      Total            Pada tanggal 13 April 2016 PT Mandiri Utama                    On 13 April 2016, PT Mandiri Utama Finance
                                                                                                                                                Finance (MUF) dan Bank telah menanda tangani                   (MUF) and the Bank signed a Joint Financing
                                                                                                                                                Perjanjian Kerjasama Pembiayaan Bersama                        Agreement for Motor Vehicles between PT Bank
           l.   Pada tanggal 31 Desember 2024, nilai                        l.     On 31 December 2024, book value of the
                tercatat atas saldo kredit yang diberikan                          outstanding loans from Bank Mandiri to                       Kendaraan Bermotor antara PT Bank Mandiri                      Mandiri (Persero) Tbk. and PT Mandiri Utama
                Bank Mandiri kepada PT Garuda Indonesia                            PT Garuda Indonesia (Persero) Tbk                            (Persero) Tbk. dan PT Mandiri Utama Finance.                   Finance. This agreement has undergone several
                (Persero) Tbk (“Garuda”) sebagai dampak                            (“Garuda”) as a result of the restructuring are              Perjanjian ini telah mengalami beberapa kali                   amendments, with the latest change documented
                dari     restrukturisasi  adalah    sebesar                        amounted to Rp900,499 or 21% of the                          perubahan dimana perubahan terakhir melalui                    in the Tenth Addendum (Addendum X) to the Joint
                Rp900.499 atau sebesar 21% dari nilai                              contractual amount. This value will be                       amandemen Perjanjian Kerjasama Pembiayaan                      Financing Agreement for Motor Vehicles between
                kontraktual pinjaman. Nilai ini akan                               recovered gradually in accordance with the                   Bersama Kendaran Bermotor antara PT Bank                       PT Bank Mandiri (Persero) Tbk. and PT Mandiri
                terpulihkan secara bertahap sesuai dengan                          accounting concept after the restructuring                   Mandiri (Persero) Tbk. dan PT Mandiri Utama                    Utama Finance, recorded in Deed No. 2 dated
                konsep       akuntansi    setelah    tanggal                       date until the maturity date. Bank Mandiri still             Finance yang termuat di dalam Akta Addendum                    14 March 2024.The joint financing facility has been
                restrukturisasi hingga tanggal jatuh tempo.                        has a claim value for loans disbursed to
                Bank Mandiri tetap memiliki nilai tagih atas                       Garuda amounted to Rp4,252,787 according                     X (Sepuluh) Perjanjian Kerjasama Pembiayaan                    set at Rp22,000,000, with a joint financing portion
                kredit yang diberikan kepada Garuda                                to the contractual value of the loan as stated               Bersama Kendaran Bermotor antara PT Bank                       of at least 1% from MUF and up to 99% from the
                sebesar Rp4.252.787 sesuai nilai kontraktual                       in the settlement agreement which has been                   Mandiri (Persero) Tbk. dan PT Mandiri Utama                    joint financier. This agreement is valid until
                pinjaman sebagaimana tercantum dalam                               homologated by the Commercial Court at the                   Finance No. 2 tanggal 14 Maret 2024, dengan                    28 February 2025.
                perjanjian      perdamaian     yang    telah                       Central Jakarta District Court, thus there is no             fasilitas pembiayaan bersama menjadi sebesar
                dihomologasi oleh Pengadilan Niaga pada                            write-off of the principal & deferred interest by            Rp22.000.000 dengan porsi fasilitas pembiayaan
                Pengadilan Negeri Jakarta Pusat, sehingga                          Bank Mandiri against Garuda.                                 bersama sebesar minimal 1% dari MUF dan
                tidak terdapat penghapusan jumlah tagihan                                                                                       maksimal 99% dari pemberi pembiayaan
                pokok & bunga yang ditangguhkan Bank
                Mandiri terhadap Garuda.                                                                                                        bersama. Perjanjian ini berlaku sampai dengan
                                                                                                                                                tanggal 28 Februari 2025.
           m. Berdasarkan kolektibilitas sesuai POJK:                       m. By collectability based on FSA regulation:
                                                                                                                                                Pada tanggal 6 Februari 2009, PT Mandiri Tunas                 On 6 February 2009, PT Mandiri Tunas Finance
                Kolektibilitas kredit yang diberikan dan                           Collectability    of   loans     and   sharia                Finance (MTF) dan Bank telah menanda tangani                   (MTF) and the Bank signed a Motor Vehicle
                piutang/pembiayasan syariah sesuai POJK                            receivables/financing in accordance with FSA                 Perjanjian Kerjasama Kendaraan Bermotor yang                   Cooperation Agreement, documented in Deed
                diungkapkan pada Catatan 65.                                       regulation are disclosed in Note 65.                         termuat di dalam Akta No. 9. Perjanjian ini telah              No. 9. This agreement has undergone several
                                                                                                                                                mengalami beberapa kali perubahan dimana                       amendments, with the latest changes through the
                                                                                                                                                perubahan      terakhir  melalui   amandemen                   Nineteenth Addendum (XIX) of the Motor Vehicle
13. PIUTANG PEMBIAYAAN KONSUMEN                                 13. CONSUMER FINANCING RECEIVABLES
                                                                                                                                                Perjanjian Kerjasama Kendaraan Bermotor yang                   Financing Cooperation Agreement documented in
     a.    Rincian dari piutang pembiayaan konsumen                    a.   Details of Subsidiary’s         consumer      financing             termuat di dalam Akta Addendum XIX                             Deed No. 55 dated 27 May 2024, and the Twelfth
           Entitas Anak adalah sebagai berikut:                             receivables are as follows:                                         (Kesembilan Belas) Perjanjian Kerjasama                        Addendum (XII) of the Financing Receivables
                                                                                                                                                Pembiayaan Bersama Kendaraan Bermotor No.                      Takeover Cooperation Agreement (Customer
                                                        2024                     2023                                                           55 tanggal 27 Mei 2024 dan Perjanjian                          Asset Purchase) documented in Deed No. 56
                                                                                                                                                Kerjasama Pengambilalihan Piutang Pembiayaan                   dated 27 May 2024, between MTF and the Bank.
           Rupiah                                                                                                            Rupiah             antara MTF dan Bank yang termuat di dalam                      The joint financing facility has been set at
           Piutang pembiayaan                                                                                   Consumer financing              Akta Addendum XII (Kedua Belas) Perjanjian                     Rp27,000,000, with the joint financing portion
             konsumen - bruto                           68.460.428               59.389.344                    receivables - gross              Kerjasama Pengambialihan Piutang Pembiayaan                    being at least 1.00% from MTF and up to 99.00%
           Dikurangi:                                                                                                          Less:            (Customer Asset Purchase) No. 56 tertanggal                    from the joint financier. This agreement is valid
           Pendapatan pembiayaan konsumen                                                                      Unearned income on               27 Mei 2024, dengan fasilitas pembiayaan                       until 28 February 2025.
             yang belum diakui                        (26.887.122)               (26.639.548)                 consumer financing
                                                                                                                                                bersama menjadi sebesar Rp27.000.000 dengan
           Total                                        41.573.306               32.749.796                                    Total            porsi fasilitas pembiayaan bersama sebesar
                                                                                                                                                minimal 1,00% dari MTF dan maksimal 99,00%
           Dikurangi: cadangan kerugian                                                                         Less: allowance for             dari pemberi pembiayaan bersama. Perjanjian ini
             penurunan nilai                               (934.353)               (713.044)                   impairment losses                berlaku sampai dengan tanggal 28 Februari
                                                                                                                                                2025.
           Neto                                         40.638.953               32.036.752                                      Net



PT BANK MANDIRI (PERSERO) TBK                         1466           187                                                                                                                            1467
                                                                                                                                                                                                       188                                   ANNUAL REPORT 2024
Page 456
          FINANCIAL STATEMENTS 2024


                                                    PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                PT BANK MANDIRI (PERSERO) Tbk.
                                               DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                 NOTES TO THE CONSOLIDATED                                         CATATAN ATAS LAPORAN KEUANGAN                                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                        FINANCIAL STATEMENTS                                       KONSOLIDASIAN                                                                                                      FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                        31 DECEMBER 2024 AND 2023                                      31 DESEMBER 2024 DAN 2023                                                                                      31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                               (Expressed in millions of Rupiah, unless otherwise stated)                               (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                             (Expressed in millions of Rupiah, unless otherwise stated)


13. PIUTANG PEMBIAYAAN KONSUMEN (lanjutan)                                          13. CONSUMER FINANCING RECEIVABLES (continued)                                              13. PIUTANG PEMBIAYAAN KONSUMEN (lanjutan)                                        13. CONSUMER FINANCING RECEIVABLES (continued)

     a.    Rincian dari piutang pembiayaan konsumen                                         a.   Details of Subsidiary’s consumer                              financing            a.   Rincian dari piutang pembiayaan konsumen                                         a.   Details of Subsidiary’s consumer                              financing
           Entitas Anak adalah sebagai berikut (lanjutan):                                       receivables are as follows (continued):                                                 Entitas Anak adalah sebagai berikut (lanjutan):                                       receivables are as follows (continued):
           Pada tanggal 21 Februari 2022, MTF dan Bank                                           On 21 February 2022, MTF and the Bank signed a
                                                                                                                                                                                         Berikut adalah perubahan nilai tercatat piutang                                       Changes in carrying amount of consumer financing
           menandatangani        Perjanjian      Kerjasama                                       Joint Financing Agreement for the financing of
                                                                                                                                                                                         pembiayaan konsumen dengan klasifikasi biaya                                          receivables classified as amortised cost upon
           Pembiayaan Bersama dalam bentuk pembiayaan                                            Passenger Vehicles, Commercial Vehicles, and
           Passenger Vehicle, Commercial Vehicle, dan                                            Heavy Equipment to the Bank's commercial                                                diamortisasi berdasarkan stage untuk tahun yang                                       stages for the period and year ended
           Heavy Equipment kepada debitur komersial                                              debtors. This agreement has been amended, with                                          berakhir pada tanggal 31 Desember 2024 dan                                            31 December 2024 and 2023 are as follows
           Bank. Perjanjian ini telah diubah dengan                                              the latest amendment included in the Third                                              2023 (lanjutan):                                                                      (continued):
           perubahan terakhir termuat dalam Addendum III                                         Addendum (Addendum III) to the Regular Joint
           (Ketiga) Perjanjian Pembiayaan Bersama (Joint                                         Financing Agreement between the Bank and the                                                                                                                         2023
           Financing) Reguler antara Bank dengan MTF                                             MTF       No.    030/PKS-LEG/MTF/II/2024       dated                                                                                 Stage 1            Stage 2               Stage 3                  Total
           No.      030/PKS-LEG/MTF/II/2024       tertanggal                                     21 February 2024. The joint financing facility is set
           21 Februari 2024, dengan fasilitas pembiayaan                                         at Rp6,000,000, with a joint financing portion of at                                    Biaya perolehan diamortisasi                                                                                                                    Amortised cost
           bersama sebesar Rp6.000.000 dengan porsi                                              least 1.00% from MTF and up to 99.00% from the                                          Saldo awal tahun                              22.712.668               846.480               198.579           23.757.727                    Beginning balance
           fasilitas pembiayaan bersama sebesar minimal                                          joint financier. The Company bears the credit risk                                      Transfer ke/(dari) stage 1                       239.079              (224.697)              (14.382)                   -              Transfer to/(from) stage 1
                                                                                                                                                                                         Transfer ke/(dari) stage 2                    (1.147.403)            1.169.775               (22.372)                   -              Transfer to/(from) stage 2
           1,00% dari MTF dan maksimal 99,00% dari                                               and receives income according to its financing                                          Transfer ke/(dari) stage 3                      (320.229)             (408.192)              728.421                    -              Transfer to/(from) stage 3
           pemberi      pembiayaan     bersama,      dimana                                      portion. This agreement has been extended until
           Perseroan menanggung risiko kredit dan                                                20 February 2025.                                                                       Total saldo awal setelah                                                                                                                 Total beginning balance
           menerima pendapatan sesuai dengan porsi                                                                                                                                          pengalihan                                 21.484.115             1.383.366               890.246           23.757.727                        after transfer
           pembiayaannya. Perjanjian ini telah diperpanjang
                                                                                                                                                                                         Pengukuran kembali bersih                                                                                                                 Remeasurement of net
           sampai dengan tanggal 20 Februari 2025.                                                                                                                                         nilai tercatat*)                            (4.408.140)             (489.701)              984.254           (3.913.587)                  carrying amount*)
                                                                                                                                                                                         Aset keuangan baru yang                                                                                                                     New financial assets
           Jangka waktu kontrak pembiayaan yang                                                  Financing period for contracts disbursed by the                                           diterbitkan atau                                                                                                                               originated or
           disalurkan oleh Entitas Anak atas kendaraan                                           Subsidiaries on motor vehicles ranges from 12 - 84                                        dibeli                                      17.777.103              158.733                117.832           18.053.668                          purchased
           bermotor berkisar antara 12 - 84 bulan.                                               months.                                                                                 Aset keuangan yang                                                                                                                              Financial assets
                                                                                                                                                                                           dihentikan pengakuannya                     (2.996.525)             (431.253)             (552.921)          (3.980.699)                      derecognised
                                                                                                                                                                                         Aset keuangan yang                                                                                                                           Written-off financial
           Termasuk dalam piutang pembiayaan konsumen                                            Included in consumer financing receivables                                                dihapusbuku                                    (12.052)              (61.217)            (1.094.044)         (1.167.313)                             assets
           di atas adalah transaksi dengan pihak-pihak                                           transactions are related parties transactions as of
           berelasi pada tanggal 31 Desember 2024 dan                                            31 December 2024 and 2023 amounted to                                                   Total kenaikan/(penurunan)                                                                                                             Total increase/(decrease)
           2023 masing-masing sebesar Rp41.346 dan                                               Rp41,346 and Rp11,542, respectively (Note 56).                                             tahun berjalan                             10.360.386              (823.438)             (544.879)           8.992.069                      during the year
           Rp11.542 (Catatan 56).
                                                                                                                                                                                         Saldo akhir tahun                             31.844.501              559.928                345.367           32.749.796                       Ending balance
           Berikut adalah perubahan nilai tercatat piutang                                       Changes in carrying amount of consumer financing
           pembiayaan konsumen dengan klasifikasi biaya                                          receivables classified as amortised cost upon
           diamortisasi berdasarkan stage untuk tahun yang                                       stages for the period and year ended                                                    *)   Termasuk di dalam pengukuran kembali bersih adalah pembayaran                    *)    Including in the net remeasurement is repayment.
           berakhir pada tanggal 31 Desember 2024 dan                                            31 December 2024 and 2023 are as follows:                                                    kembali.
           2023:
                                                                                                                                                                                    b.   Rata-rata suku bunga efektif yang dikenakan                                      b.   Average of effective interest rate charged to
                                                                                        2024                                                                                             kepada konsumen adalah sebagai berikut:                                               customers are as follows:
                                                        Stage 1            Stage 2               Stage 3                  Total
                                                                                                                                                                                                                                                     2024                            2023
           Biaya perolehan diamortisasi                                                                                                                    Amortised cost
           Saldo awal tahun                              31.844.501               559.928               345.367           32.749.796                    Beginning balance
           Transfer ke/(dari) stage 1                       846.090              (744.304)             (101.786)                   -              Transfer to/(from) stage 1             Mobil                                                           17,17%                           12,31%                                                  Car
           Transfer ke/(dari) stage 2                    (2.809.118)            2.866.575               (57.457)                   -              Transfer to/(from) stage 2             Sepeda motor                                                    34,89%                           23,72%                                            Motorcycle
           Transfer ke/(dari) stage 3                      (637.486)             (565.430)            1.202.916                    -              Transfer to/(from) stage 3

           Total saldo awal setelah                                                                                                                 Total beginning balance         c.   Mutasi cadangan kerugian penurunan nilai                                         c.   Movements of allowance for impairment losses on
              Pengalihan                                29.243.987              2.116.769             1.389.040           32.749.796                        after transfer
           Pengukuran kembali bersih                                                                                                                 Remeasurement of net                piutang pembiayaan konsumen adalah sebagai                                            consumer financing receivables are as follows:
              nilai tercatat*)                           (8.411.118)              (70.062)              862.817           (7.618.363)                  carrying amount*)                 berikut:
           Aset keuangan baru yang                                                                                                                     New financial assets
              diterbitkan atau                                                                                                                              originated or
              dibeli                                     22.067.803              168.550                172.412           22.408.765                           purchased                                                                             2024                            2023
           Aset keuangan yang                                                                                                                               Financial assets
              dihentikan pengakuannya                    (3.405.230)             (472.888)             (592.614)          (4.470.732)                      derecognised
           Aset keuangan yang                                                                                                                           Written-off financial            Saldo awal tahun                                                713.044                          610.361                                 Beginning balance
              dihapusbuku                                   (25.066)             (151.446)            (1.319.648)         (1.496.160)                               assets
                                                                                                                                                                                         Pembentukan selama                                                                                                                        Allowance during
           Total penambahan/(penurunan)                                                                                                           Total increase/(decrease)                tahun berjalan                                                                                                                                 the year
              tahun berjalan                             10.226.389              (525.846)             (877.033)           8.823.510                      during the year
                                                                                                                                                                                           (Catatan 46)                                               1.717.469                        1.277.661                                        (Note 46)
                                                                                                                                                                                         Penghapusbukuan                                             (1.496.160)                      (1.167.313)                                          Write-offs
           Saldo akhir tahun                             39.470.376             1.590.923               512.007           41.573.306                       Ending balance
                                                                                                                                                                                         Lain-lain                                                            -                           (7.665)                                             Others
                                                                                                                                                                                         Saldo akhir tahun                                               934.353                          713.044                                   Ending balance
           *)   Termasuk di dalam pengukuran kembali bersih adalah pembayaran                    *)    Including in the net remeasurement is repayment.
                kembali.




PT BANK MANDIRI (PERSERO) TBK                                          1468            189                                                                                                                                                                     1469
                                                                                                                                                                                                                                                                  190                                                        ANNUAL REPORT 2024
Page 457
          FINANCIAL STATEMENTS 2024


                                             PT BANK MANDIRI (PERSERO) Tbk.
                                                                                                                                                                                           PT BANK MANDIRI (PERSERO) Tbk.
                                        DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
                                                                                                                                                                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED
                                                                                                                                                   CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                          FINANCIAL STATEMENTS
                                                                                                                                                   KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                          31 DECEMBER 2024 AND 2023
                                                                                                                                                   31 DESEMBER 2024 DAN 2023                                                                    31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)
                                                                                                                                                   (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)

13. PIUTANG PEMBIAYAAN KONSUMEN (lanjutan)                            13. CONSUMER FINANCING RECEIVABLES (continued)
                                                                                                                                                   13. PIUTANG PEMBIAYAAN KONSUMEN (lanjutan)                      13. CONSUMER FINANCING RECEIVABLES (continued)
     c.    Mutasi cadangan kerugian penurunan nilai                            c.   Movements of allowance for impairment losses on
           piutang pembiayaan konsumen adalah sebagai                               consumer financing receivables are as follows                      d.   Piutang pembiayaan konsumen yang menjadi                      d.   Consumer financing receivables pledged as
           berikut (lanjutan):                                                      (continued):
                                                                                                                                                            jaminan atas efek-efek yang diterbitkan pada                       collateral for debt securities issued as of
                                                                           2024                                                                             tanggal 31 Desember 2024 dan 2023 adalah                           31 December 2024 and 2023 are Rp2,435,067 and
                                               Stage 1         Stage 2              Stage 3        Total                                                    masing-masing sebesar Rp2.435.067 dan                              Rp2,654,370 respectively (Note 30).
                                                                                                                                                            Rp2.654.370 (Catatan 30).
           Saldo awal tahun                      459.935            122.002            131.107       713.044               Beginning balance

           Pengalihan ke/(dari):                                                                                             Transfer to/(from):
             Kerugian kredit ekspektasian                                                                             12 months expected
                                                                                                                                                       e.   Piutang pembiayaan konsumen yang menjadi                      e.   Consumer financing receivables pledged as
               12 bulan (stage 1)                 68.504            (53.221)            (15.283)            -    credit losses (stage 1)                    jaminan atas pinjaman yang diterima pada                           collateral for fund borrowing as of 31 December
             Kerugian kredit ekspektasian                                                                                Lifetime expected
               sepanjang umurnya -                                                                                          credit losses                   tanggal 31 Desember 2024 dan 2023 adalah                           2024 and 2023 are Rp23,464,134 and
               tidak mengalami                                                                                            - non-impaired                    masing-masing sebesar Rp23.464.134 dan                             Rp18,002,436 respectively (Note 36h).
               penurunan nilai (stage 2)          (90.092)           96.774             (6.682)             -                   (stage 2)
             Kerugian kredit ekspektasian                                                                                Lifetime expected                  Rp18.002.436 (Catatan 36h).
               sepanjang umurnya - mengalami                                                                                 credit losses
               penurunan nilai (stage 3)          (18.020)          (36.140)            54.160              -        impaired (stage 3)
                                                                                                                                                       f.   Sebagai jaminan atas piutang pembiayaan                       f.   As a collateral to the consumer financing
           Total saldo awal setelah                                                                                  Total beginning balance
              pengalihan                         420.327            129.415            163.302       713.044                 after transfer                 konsumen yang diberikan, Entitas Anak                              receivables, the Subsidiaries received Vehicles
          Pengukuran kembali bersih                                                                                   Net remeasurement of                  menerima jaminan dari konsumen berupa Bukti                        Ownership Certificate (“BPKB”) from its customer
            penyisihan kerugian                  (150.074)          247.922          1.571.052     1.668.900            losses allowance                    Kepemilikan Kendaraan Bermotor (“BPKB”) atas                       for every vehicle financed by the Subsidiaries.
          Aset keuangan baru yang                                                                                      New financial assets
            diterbitkan atau                                                                                                 originated or                  kendaraan bermotor yang dibiayai oleh Entitas
            dibeli                               283.680             52.865             72.140       408.685                   purchased
          Aset keuangan yang                                                                                                Financial assets                Anak.
            dihentikan pengakuannya               (63.117)       (102.736)            (194.263)     (360.116)               derecognised

           Total pembentukan                                                                                                  Total allowance
              tahun berjalan                      70.489            198.051          1.448.929     1.717.469                during the year
                                                                                                                                                   14. INVESTASI BERSIH DALAM SEWA PEMBIAYAAN                       14. NET INVESTMENT FINANCE LEASES
          Aset keuangan yang                                                                                              Written-off financial
             dihapusbuku                          (25.066)       (151.446)           (1.319.648)   (1.496.160)                      assets
          Lain-lain                               (10.847)              2                10.845             -                           Others         a.   Rincian dari investasi bersih dalam sewa                      a.   Details of Subsidiaries’ net investment finance
          Saldo akhir tahun                      454.903            176.022            303.428       934.353                 Ending balance
                                                                                                                                                            pembiayaan Entitas Anak adalah sebagai berikut:                    leases are as follows:

                                                                           2023                                                                                                                         2024                     2023
                                               Stage 1         Stage 2              Stage 3        Total

           Saldo awal tahun                      415.028            108.061             87.272       610.361               Beginning balance                Rupiah                                                                                                          Rupiah
                                                                                                                                                            Pihak ketiga                                                                                               Third parties
           Pengalihan ke/(dari):                                                                                             Transfer to/(from):
             Kerugian kredit ekspektasian                                                                             12 months expected                      Piutang sewa pembiayaan                                                                       Gross finance lease
               12 bulan (stage 1)                 21.775            (19.036)             (2.739)            -    credit losses (stage 1)                        bruto                                     6.791.445               6.345.951                        receivables
             Kerugian kredit ekspektasian                                                                                Lifetime expected
               sepanjang umurnya -                                                                                          credit losses                     Piutang sewa pembiayaan yang                                                           Finance lease receivables
               tidak mengalami                                                                                            - non-impaired
               penurunan nilai (stage 2)          (29.846)           33.759              (3.913)            -                   (stage 2)                       dibiayai bersama dengan                                                              jointly funded with other
             Kerugian kredit ekspektasian                                                                                Lifetime expected                      pihak-pihak lain without                                                                        parties without
               sepanjang umurnya - mengalami                                                                                 credit losses
               penurunan nilai (stage 3)          (11.465)          (41.738)            53.203              -      - impaired (stage 3)                         recourse - bruto                            (22.400)                (28.009)                  recourse - gross
           Total saldo awal setelah                                                                                  Total beginning balance                  Nilai sisa terjamin                         2.445.103               2.672.995          Guaranteed residual value
              pengalihan                         395.492             81.046            133.823       610.361                 after transfer                   Pendapatan sewa pembiayaan
          Pengukuran kembali bersih                                                                                   Net remeasurement of                      yang ditangguhkan                        (1.011.969)                (828.700)    Deferred finance lease income
            penyisihan kerugian                  (106.754)          151.325          1.224.336     1.268.907            losses allowance
          Aset keuangan baru yang                                                                                      New financial assets                   Simpanan jaminan                           (2.445.103)              (2.672.995)                 Security deposits
            diterbitkan atau                                                                                                 originated or
            dibeli                               234.091             46.747             54.049       334.887                   purchased
          Aset keuangan yang                                                                                                Financial assets                Total investasi bersih dalam                                                             Total net investment finance
            dihentikan pengakuannya               (55.510)          (83.213)          (187.410)     (326.133)               derecognised
                                                                                                                                                               sewa pembiayaan                            5.757.076               5.489.242                              leases
           Total pembentukan                                                                                                  Total allowance               Dikurangi: cadangan kerugian                                                                      Less: allowance for
              tahun berjalan                      71.827            114.859          1.090.975     1.277.661                during the year
                                                                                                                                                               penurunan nilai                                (103.337)              (70.170)                impairment losses
          Aset keuangan yang                                                                                              Written-off financial
             dihapusbuku                          (12.052)          (61.217)         (1.094.044)   (1.167.313)                      assets
          Lain-lain                                 4.668           (12.686)                353        (7.665)                          Others              Neto                                          5.653.739               5.419.072                                     Net
          Saldo akhir tahun                      459.935            122.002            131.107       713.044                 Ending balance


           Manajemen berpendapat bahwa cadangan                                     Management believes that the allowance for                              Jangka waktu kontrak pembiayaan yang                               Financing period for contracts disbursed by the
           kerugian penurunan nilai piutang pembiayaan                              impairment losses on consumer financing                                 disalurkan oleh Entitas Anak atas kendaraan                        Subsidiaries on motor vehicles ranges between
           konsumen telah memadai.                                                  receivables is adequate.                                                bermotor berkisar antara 12 - 60 bulan.                            12 - 60 months.




PT BANK MANDIRI (PERSERO) TBK                                1470        191                                                                                                                                     1471                                       ANNUAL REPORT 2024
                                                                                                                                                                                                                      192
Page 458
          FINANCIAL STATEMENTS 2024


                                                                                                                                                                                                                                 PT BANK MANDIRI (PERSERO) Tbk.
                                                    PT BANK MANDIRI (PERSERO) Tbk.
                                                                                                                                                                                                                            DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
                                               DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
                                                                                                                                                                               CATATAN ATAS LAPORAN KEUANGAN                                                                              NOTES TO THE CONSOLIDATED
CATATAN ATAS LAPORAN KEUANGAN                                                                                NOTES TO THE CONSOLIDATED
                                                                                                                                                                               KONSOLIDASIAN                                                                                                     FINANCIAL STATEMENTS
KONSOLIDASIAN                                                                                                       FINANCIAL STATEMENTS
                                                                                                                                                                               31 DESEMBER 2024 DAN 2023                                                                                     31 DECEMBER 2024 AND 2023
31 DESEMBER 2024 DAN 2023                                                                                       31 DECEMBER 2024 AND 2023
                                                                                                                                                                               (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                            (Expressed in millions of Rupiah, unless otherwise stated)
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                              (Expressed in millions of Rupiah, unless otherwise stated)

                                                                                                                                                                               14. INVESTASI BERSIH DALAM SEWA PEMBIAYAAN                                       14. NET INVESTMENT FINANCE LEASES (continued)
14. INVESTASI BERSIH DALAM SEWA PEMBIAYAAN                                         14. NET INVESTMENT FINANCE LEASES (continued)
                                                                                                                                                                                   (lanjutan)
    (lanjutan)
                                                                                                                                                                                   a.   Rincian dari investasi bersih dalam sewa                                         a.   Details of Subsidiaries’ net investment finance
     a.    Rincian dari investasi bersih dalam sewa                                         a.   Details of Subsidiaries’ net investment finance
                                                                                                                                                                                        pembiayaan Entitas Anak adalah sebagai berikut                                        leases are as follows (continued):
           pembiayaan Entitas Anak adalah sebagai berikut                                        leases are as follows (continued):
                                                                                                                                                                                        (lanjutan):
           (lanjutan):
                                                                                                                                                                                        Berikut adalah perubahan nilai tercatat investasi                                     Movements in carrying amount of net investment
           Piutang sewa pembiayaan - bruto sesuai dengan                                         Details of investment finance leases - gross, based
                                                                                                                                                                                        bersih dalam sewa pembiayaan dengan                                                   finance leases classified as at amortised cost upon
           tanggal jatuh temponya adalah sebagai berikut:                                        on the maturity date are as follows:
                                                                                                                                                                                        klasifikasi  biaya     perolehan    diamortisasi                                      stages are as follows (continued):
                                                                                                                                                                                        berdasarkan stage (lanjutan):
                                                                        2024                          2023
                                                                                                                                                                                                                                                                     2023
           Tahun                                                                                                                                                 Year
           2024                                                                  -                      3.462.663                                                2024                                                                Stage 1            Stage 2               Stage 3                  Total

           2025                                                          3.379.367                      1.914.638                                                2025
                                                                                                                                                                                        Biaya perolehan diamortisasi                                                                                                                 At amortised cost
           2026 dan sesudahnya                                           3.412.078                        968.650                                        2026 and later
                                                                                                                                                                                        Saldo awal tahun                               5.676.950             168.820                  26.790            5.872.560                    Beginning balance
                                                                                                                                                                                        Transfer ke/(dari) stage 1                        31.077             (29.625)                 (1.452)                   -              Transfer to/(from) stage 1
                                                                         6.791.445                      6.345.951                                                                       Transfer ke/(dari) stage 2                      (245.387)            248.808                  (3.421)                   -              Transfer to/(from) stage 2
           Piutang sewa pembiayaan yang                                                                                                Finance lease receivables                        Transfer ke/(dari) stage 3                       (14.323)            (46.353)                 60.676                    -              Transfer to/(from) stage 3
             dibiayai bersama dengan                                                                                                   jointly funded with other
             pihak-pihak lain without                                                                                                             parties without                       Total saldo awal                                                                                                                         Total beginning balance
             recourse - bruto                                              (22.400)                        (28.009)                             recourse - gross                          setelah pengalihan                           5.448.317             341.650                  82.593            5.872.560                        after transfer
           Nilai sisa terjamin, pendapatan                                                                                            Guaranteed residual value,
             sewa pembiayaan                                                                                                                    deferred finance                        Pengukuran kembali bersih                                                                                                                 Remeasurement of net
             yang ditangguhkan dan                                                                                                            lease income and                            nilai tercatat*)                            (1.876.707)             (71.649)                74.314           (1.874.042)                  carrying amount*)
             simpanan jaminan                                           (1.011.969)                      (828.700)                              security deposits                       Aset keuangan baru yang                                                                                                                     New financial assets
                                                                                                                                                                                          diterbitkan atau                                                                                                                               originated or
                                                                                                                                                                                          dibeli                                       2.484.571              40.857                   3.471            2.528.899                          purchased
           Investasi bersih dalam sewa                                                                                                     Net invesment finance                        Aset keuangan yang                                                                                                                              Financial assets
             pembiayaan                                                  5.757.076                      5.489.242                                        lease                            dihentikan pengakuannya                       (762.804)            (132.871)               (66.377)             (962.052)                     derecognised
                                                                                                                                                                                        Aset keuangan yang                                                                                                                           Written-off financial
                                                                                                                                                                                          dihapusbuku                                       (792)                (409)               (74.922)              (76.123)                            assets

           Berikut adalah perubahan nilai tercatat investasi                                     Movements in carrying amount of net investment                                         Total penurunan                                                                                                                                   Total decrease
           bersih dalam sewa pembiayaan dengan                                                   finance leases classified as at amortised cost upon                                       tahun berjalan                               (155.732)            (164.072)                (63.514)            (383.318)                    during the year
           klasifikasi  biaya    perolehan     diamortisasi                                      stages are as follows:
                                                                                                                                                                                        Saldo akhir tahun                              5.292.585             177.578                  19.079            5.489.242                       Ending balance
           berdasarkan stage:

                                                                                        2024
                                                                                                                                                                                        *)   Termasuk di dalam pengukuran kembali bersih adalah pembayaran                    *)    Including in the net remeasurement is repayment.
                                                                                                                                                                                             kembali.
                                                        Stage 1            Stage 2               Stage 3                 Total
                                                                                                                                                                                   b.   Rata-rata suku bunga efektif yang dikenakan                                      b.   Average of effective interest rate charged to
           Biaya perolehan diamortisasi                                                                                                                At amortised cost                kepada konsumen adalah sebagai berikut:                                               customers are as follows:
           Saldo awal tahun                               5.292.585              177.578               19.079             5.489.242                    Beginning balance
           Transfer ke/(dari) stage 1                       122.320              (98.355)             (23.965)                    -              Transfer to/(from) stage 1
           Transfer ke/(dari) stage 2                      (687.876)             693.949               (6.073)                    -              Transfer to/(from) stage 2                                                                         2024                            2023
           Transfer ke/(dari) stage 3                       (47.202)            (182.020)             229.222                     -              Transfer to/(from) stage 3

                                                                                                                                                                                        Mobil                                                           18,75%                           13,26%                                               Car
           Total saldo awal                                                                                                                        Total beginning balance              Alat berat                                                      11,12%                           11,53%                                   Heavy equipment
             setelah pengalihan                           4.679.827             591.152               218.263             5.489.242                        after transfer               Mesin                                                           18,01%                           11,89%                                           Machine

           Pengukuran kembali bersih                                                                                                                Remeasurement of net           c.   Mutasi cadangan kerugian penurunan nilai                                         c.        Movements of allowance for impairment losses on
             nilai tercatat*)                            (1.641.474)              (7.912)               40.850           (1.608.536)                  carrying amount*)                 investasi bersih dalam sewa pembiayaan adalah                                              net investment finance leases are as follows:
           Aset keuangan baru yang                                                                                                                    New financial assets              sebagai berikut:
             diterbitkan atau                                                                                                                              originated or
             dibeli                                       3.003.610              89.069                  2.472            3.095.151                          purchased
           Aset keuangan yang                                                                                                                             Financial assets                                                                          2024                            2023
             dihentikan pengakuannya                       (900.015)            (218.790)              (47.824)          (1.166.629)                      derecognised
           Aset keuangan yang                                                                                                                          Written-off financial
             dihapusbuku                                      (2.333)             (6.106)              (43.713)              (52.152)                            assets                 Saldo awal tahun                                                 70.170                          139.173                                Beginning balance
                                                                                                                                                                                        Pembentukan selama                                                                                                                       Allowance during
           Total kenaikan/(penurunan)                                                                                                            Total increase/(decrease)
              tahun berjalan                                459.788             (143.739)              (48.215)             267.834                      during the year                  tahun berjalan (Catatan 46)                                    85.319                            7.120                              the year (Note 46)
                                                                                                                                                                                        Penghapusbukuan                                                 (52.152)                         (76.123)                                        Write-offs
           Saldo akhir tahun                              5.139.615             447.413               170.048             5.757.076                       Ending balance
                                                                                                                                                                                        Saldo akhir tahun                                              103.337                            70.170                                   Ending balance
           *)   Termasuk di dalam pengukuran kembali bersih adalah pembayaran                    *)   Including in the net remeasurement is repayment.
                kembali.




PT BANK MANDIRI (PERSERO) TBK                                           1472                                                                                                                                                                                 1473
                                                                                                                                                                                                                                                                194                                                         ANNUAL REPORT 2024
                                                                                      193
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          FINANCIAL STATEMENTS 2024


                                                 PT BANK MANDIRI (PERSERO) Tbk.                                                                                                            PT BANK MANDIRI (PERSERO) Tbk.
                                            DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                  DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED                         CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                           FINANCIAL STATEMENTS                       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                           31 DECEMBER 2024 AND 2023                      31 DESEMBER 2024 DAN 2023                                                                   31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                  (Expressed in millions of Rupiah, unless otherwise stated)               (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

14. INVESTASI BERSIH DALAM SEWA PEMBIAYAAN                             14. NET INVESTMENT FINANCE LEASES (continued)                               14. INVESTASI BERSIH DALAM SEWA PEMBIAYAAN                     14. NET INVESTMENT FINANCE LEASES (continued)
    (lanjutan)                                                                                                                                         (lanjutan)
     c.    Mutasi cadangan kerugian penurunan nilai                             c.   Movements of allowance for impairment losses on                   d.   Investasi bersih dalam sewa pembiayaan yang                  d.   Net investment finance leases pledged as
           investasi bersih dalam sewa pembiayaan adalah                             net investment finance leases are as follows                           menjadi jaminan atas efek-efek yang diterbitkan                   collateral for debt securities issued as of
           sebagai berikut (lanjutan):                                               (continued):                                                           pada tanggal 31 Desember 2024 dan 2023                            31 December 2024 and 2023 were amounted to
                                                                           2024
                                                                                                                                                            adalah masing-masing sebesar Rp433.293 dan                        Rp433,293 and Rp763,080, respectively (Note 30).
                                                                                                                                                            Rp763.080 (Catatan 30).
                                                Stage 1         Stage 2              Stage 3        Total
                                                                                                                                                       e.   Investasi bersih dalam sewa pembiayaan yang                  e.   Net investment finance lease pledged as collateral
           Saldo awal tahun                         46.071           18.881               5.218        70.170              Beginning balance                menjadi jaminan atas pinjaman yang diterima                       for fund borrowings as of 31 December 2024 and
           Pengalihan ke/(dari):                                                                                           Transfer to/(from):              pada tanggal 31 Desember 2024 dan 2023                            2023 were amounted to Rp1,583,867 and
             Kerugian kredit ekpektasian                                                                         12 months expected credit                  adalah masing-masing sebesar Rp1.583.867 dan                      Rp874,859, respectively (Note 36f).
               12 bulan (stage 1)                    6.926            (5.039)            (1.887)            -          losses (stage 1)                     Rp874.859 (Catatan 36f).
             Kerugian kredit ekspektasian
               sepanjang umurnya -                                                                                 Lifetime expected credit
                tidak mengalami penurunan                                                                         losses - non-impaired                f.   Berdasarkan kolektibilitas sesuai POJK:                      f.   By collectability based on FSA regulation:
                nilai (stage 2)                     (7.626)           8.151                (525)            -                   (stage 2)
             Kerugian kredit ekspektasian                                                                          Lifetime expected credit                 Kolektibilitas investasi bersih dalam sewa                        Collectability of investment finance leases in
                sepanjang umurnya - mengalami                                                                          losses - impaired
                penurunan nilai (stage 3)           (2.700)           (6.906)             9.606             -                   (stage 3)                   pembiayaan sesuai POJK diungkapkan pada                           accordance with FSA regulation are disclosed in
                                                                                                                                                            Catatan 65.                                                       Note 65.
           Total saldo awal                                                                                           Total beginning balance
              setelah pengalihan                    42.671           15.087              12.412        70.170                 after transfer

           Pengukuran kembali bersih                                                                                   Net remeasurement of        15. TAGIHAN AKSEPTASI                                          15. ACCEPTANCE RECEIVABLES
             penyisihan kerugian                   (8.043)           34.080              91.896       117.933            losses allowance
           Aset keuangan baru yang                                                                                      New financial assets           a.   Berdasarkan jenis mata uang, pihak berelasi dan              a.   By currency, related parties and third parties:
             diterbitkan atau                                                                                                 originated or
             dibeli                                 16.429           25.280               1.772        43.481                   purchased
                                                                                                                                                            pihak ketiga:
           Aset keuangan yang                                                                                                Financial assets
             dihentikan pengakuannya               (19.040)          (41.322)           (15.733)      (76.095)               derecognised                                                               2024                    2023
           Total pembentukan/(pembalikan)          (10.654)          18.038              77.935        85.319       Total allowance/(reversal)
              tahun berjalan                                                                                              during the period
                                                                                                                                                            Rupiah                                                                                                         Rupiah
           Aset keuangan yang                                                                                              Written-off financial             Tagihan kepada bank lain                                                              Receivables from other banks
              dihapusbuku                           (2.333)           (6.106)           (43.713)      (52.152)                       assets                     Pihak berelasi (Catatan 56)                   418.984               533.263         Related parties (Note 56)
                                                                                                                                                                Pihak ketiga                                  285.344               254.190                      Third parties
           Saldo akhir tahun                        29.684           27.019              46.634       103.337                Ending balance
                                                                                                                                                                                                              704.328               787.453
                                                                           2023
                                                Stage 1         Stage 2              Stage 3        Total                                                    Tagihan kepada debitur                                                                   Receivables from debtors
                                                                                                                                                               Pihak berelasi (Catatan 56)                  961.892                 848.573          Related parties (Note 56)
           Saldo awal tahun                         95.289           34.345               9.539       139.173              Beginning balance                   Pihak ketiga                               3.847.716               7.549.465                       Third parties
           Pengalihan ke/(dari):                                                                                           Transfer to/(from):                                                            4.809.608               8.398.038
             Kerugian kredit ekpektasian                                                                         12 months expected credit
               12 bulan (stage 1)                    2.584            (2.447)              (137)            -          losses (stage 1)
             Kerugian kredit ekspektasian                                                                                                                   Total Rupiah                                  5.513.936               9.185.491                            Total Rupiah
               sepanjang umurnya -                                                                                 Lifetime expected credit
               tidak mengalami penurunan                                                                          losses - non-impaired
               nilai (stage 2)                      (4.088)           4.821                (733)            -                   (stage 2)
             Kerugian kredit ekspektasian                                                                          Lifetime expected credit                 Mata uang asing                                                                                    Foreign currencies
               sepanjang umurnya - mengalami                                                                           losses - impaired                     Tagihan kepada bank lain                                                              Receivables from other banks
               penurunan nilai (stage 3)              (374)           (4.549)             4.923             -                   (stage 3)                       Pihak berelasi (Catatan 56)                         -                   667          Related parties (Note 56)
           Total saldo awal                                                                                           Total beginning balance
                                                                                                                                                                Pihak ketiga                                   77.672               221.627                       Third parties
              setelah pengalihan                    93.411           32.170              13.592       139.173                 after transfer
                                                                                                                                                                                                               77.672               222.294
           Pengukuran kembali bersih                                                                                   Net remeasurement of
             penyisihan kerugian                   (36.401)           2.691              86.483        52.773            losses allowance
           Aset keuangan baru yang                                                                                      New financial assets                  Tagihan kepada debitur                                                                  Receivables from debtors
             diterbitkan atau                                                                                                 originated or                    Pihak berelasi (Catatan 56)                  317.988                 867.924          Related parties (Note 56)
             dibeli                                  7.213           14.891               1.526        23.630                   purchased                      Pihak ketiga                               3.404.269               4.518.179                       Third parties
           Aset keuangan yang                                                                                                Financial assets
             dihentikan pengakuannya               (17.360)          (30.462)           (21.461)      (69.283)               derecognised
                                                                                                                                                                                                          3.722.257               5.386.103
           Total pembentukan/(pembalikan)                                                                           Total allowance/(reversal)
              tahun berjalan                       (46.548)          (12.880)            66.548         7.120                during the year                Total mata uang asing                                                                          Total foreign currencies
           Aset keuangan yang                                                                                              Written-off financial
              dihapusbuku                             (792)             (409)           (74.922)      (76.123)                        assets                  (Catatan 62.B.(iv))                         3.799.929               5.608.397                       (Note 62.B.(iv))

           Saldo akhir tahun                        46.071           18.881               5.218        70.170                Ending balance                                                               9.313.865             14.793.888
                                                                                                                                                            Dikurangi: cadangan kerugian                                                                        Less: allowance for
                                                                                                                                                              penurunan nilai                                 (31.340)             (122.212)                   impairment losses
           Manajemen berpendapat bahwa cadangan                                      Management believes that the allowance for
           kerugian penurunan nilai investasi bersih dalam                           impairment losses on net investment finance lease                      Neto                                          9.282.525             14.671.676                                      Net
           sewa pembiayaan telah memadai.                                            is adequate.



PT BANK MANDIRI (PERSERO) TBK                                 1474        195                                                                                                                                   1475
                                                                                                                                                                                                                   196                                       ANNUAL REPORT 2024
Page 460
          FINANCIAL STATEMENTS 2024


                                                     PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                             PT BANK MANDIRI (PERSERO) Tbk.
                                                DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                   DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                              NOTES TO THE CONSOLIDATED                                         CATATAN ATAS LAPORAN KEUANGAN                                                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                     FINANCIAL STATEMENTS                                       KONSOLIDASIAN                                                                                                       FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                     31 DECEMBER 2024 AND 2023                                      31 DESEMBER 2024 DAN 2023                                                                                       31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                            (Expressed in millions of Rupiah, unless otherwise stated)                               (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                              (Expressed in millions of Rupiah, unless otherwise stated)

                                                                                                                                                                             15. TAGIHAN AKSEPTASI (lanjutan)                                                     15. ACCEPTANCE RECEIVABLES (continued)
15. TAGIHAN AKSEPTASI (lanjutan)                                                   15. ACCEPTANCE RECEIVABLES (continued)
                                                                                                                                                                                 b.   Berdasarkan jatuh tempo:                                                        b.     By maturity:
     a.    Berdasarkan jenis mata uang, pihak berelasi dan                            a.      By currency, related parties and third parties
           pihak ketiga (lanjutan):                                                           (continued):                                                                                                                                             2024                        2023

                                                                                                                                                                                      Rupiah                                                                                                                                                   Rupiah
           Berikut adalah perubahan nilai tercatat tagihan                                    Movements in carrying amount of acceptance
                                                                                                                                                                                        Kurang dari 1 bulan                                               939.242                       1.294.293                                 Less than 1 month
           akseptasi dengan klasifikasi biaya perolehan                                       receivables classified as at amortised cost upon                                          1 - 3 bulan                                                     2.596.722                       3.875.992                                       1 - 3 months
           diamortisasi berdasarkan stage:                                                    stages:                                                                                   3 - 6 bulan                                                     1.977.972                       4.015.206                                       3 - 6 months

                                                                                      2024                                                                                            Total Rupiah                                                      5.513.936                       9.185.491                                             Total Rupiah
                                                                                                           Syariah /*)

                                                 Stage 1           Stage 2          Stage 3                 Sharia*)               Total                                              Mata uang asing                                                                                                                               Foreign currencies
                                                                                                                                                                                       Kurang dari 1 bulan                                              1.082.622                       1.388.088                                 Less than 1 month
                                                                                                                                                                                       1 - 3 bulan                                                      1.889.492                       2.167.759                                       1 - 3 months
           Biaya perolehan diamortisasi                                                                                                                At amortised cost
           Saldo awal tahun                      14.284.950            177.991                      -           330.947           14.793.888           Beginning balance
                                                                                                                                                                                       3 - 6 bulan                                                        547.886                       1.748.610                                       3 - 6 months
                                                                                                                                                                                       6 - 12 bulan                                                        30.962                         204.009                                     6 - 12 months
           Pengukuran kembali bersih                                                                                                          Remeasurement of net                     Lebih dari 12 bulan                                                248.967                          99.931                                   Over 12 months
              nilai tercatat**)                      (38.343)                145                    -          (178.804)             (217.002)  carrying amount**)
           Aset keuangan baru yang                                                                                                              New financial assets                  Total mata uang asing                                                                                                                   Total foreign currencies
              diterbitkan atau                                                                                                                        originated or                     (Catatan 62.B.(iv))                                             3.799.929                       5.608.397                                    (Note 62.B.(iv))
              dibeli                             30.926.707             96.915                      -                    -        31.023.622            purchased
           Aset keuangan yang                                                                                                                        Financial assets                                                                                   9.313.865                      14.793.888
              dihentikan pengakuannya           (36.089.877)          (268.301)                     -                    -       (36.358.178)       derecognised
           Lain-lain                                 71.399                136                      -                    -            71.535                   Others
                                                                                                                                                                                      Dikurangi: cadangan kerugian                                                                                                                 Less: allowance for
                                                                                                                                                                                        penurunan nilai                                                    (31.340)                      (122.212)                               impairment losses
           Total penurunan                                                                                                                                Total decrease
             tahun berjalan                      (5.130.114)          (171.105)                     -          (178.804)           (5.480.023)         during the year                Neto                                                              9.282.525                      14.671.676                                                          Net

           Saldo akhir tahun                      9.154.836              6.886                      -           152.143            9.313.865             Ending balance

                                                                                                                                                                                 c.   Mutasi cadangan              kerugian        penurunan           nilai          c.     Movements of allowance for impairment losses on
           *)    Tidak menerapkan PSAK No. 109.                                               *)    Not implement SFAS No. 109.
                                                                                                                                                                                      tagihan akseptasi:                                                                     acceptance receivables:
           **)   Termasuk di dalam pengukuran kembali bersih adalah pembayaran                **)   Including in the net remeasurement is repayment.
                 kembali.                                                                                                                                                                                                                              2024                        2023
                                                                                      2023
                                                                                                           Syariah*)/                                                                 Saldo awal tahun                                                    122.212                           61.963                                Beginning balance
                                                 Stage 1           Stage 2          Stage 3                 Sharia*)               Total                                              (Pembalikan)/pembentukan                                                                                                            Total (reversal)/allowance
                                                                                                                                                                                        selama tahun berjalan                                                                                                                      during the year
           Biaya perolehan diamortisasi                                                                                                                At amortised cost                (Catatan 46)                                                       (91.509)                         59.315                                       (Note 46)
           Saldo awal tahun                      11.267.881             87.483             2.515                423.702           11.781.581           Beginning balance              Lain-lain*)                                                              637                             934                                            Others*)
           Pengalihan ke/(dari) stage 2             (23.404)            23.404                      -                    -                    - Transfer to/(from) stage 2            Saldo akhir tahun                                                     31.340                        122.212                                          Ending balance
           Total saldo awal setelah                                                                                                              Total beginning balance
             pengalihan                          11.244.477            110.887             2.515                423.702           11.781.581                  transfer
                                                                                                                                                                                      *)    Termasuk selisih kurs karena penjabaran mata uang asing.                         *)         Included effect of foreign currency translation.

                                                                                                                                                                                                                                                                      2024
           Pengukuran kembali bersih                                                                                                          Remeasurement of net                                                                                                                          Syariah*)/
              nilai tercatat**)                      46.734              4.765                      -           (92.755)              (41.256)  carrying amount**)                                                          Stage 1             Stage 2            Stage 3                   Sharia*)                 Total
           Aset keuangan baru yang                                                                                                              New financial assets
              diterbitkan atau                                                                                                                        originated or                   Saldo awal tahun                           29.917                87.984                      -                 4.311                122.212           Beginning balance
              dibeli                             35.815.000            937.938             1.340                         -        36.754.278            purchased
                                                                                                                                                                                      Pengukuran kembali bersih                                                                                                                    Remeasurement of net
           Aset keuangan yang                                                                                                                        Financial assets                   penyisihan kerugian                     (15.021)                   (72)                    -                (2.458)               (17.551)    carrying amount
              dihentikan pengakuannya           (32.718.932)          (870.327)            (3.855)                       -       (33.593.114)       derecognised                      Aset keuangan baru yang                                                                                                                        New financial assets
           Lain-lain                               (102.329)            (5.272)                 -                        -          (107.601)                  Others                   diterbitkan atau                                                                                                                                  originated or
                                                                                                                                                                                        dibeli                                   51.773                19.096                      -                       -               70.869           purchased
           Total kenaikan/                                                                                                                                Total increase/             Aset keuangan yang                                                                                                                                 Financial assets
             (penurunan)                                                                                                                                   (decrease)                   dihentikan pengakuannya                 (41.480)           (103.347)                       -                       -             (144.827)      derecognised
             tahun berjalan                       3.040.473             67.104             (2.515)               (92.755)           3.012.307          during the year
                                                                                                                                                                                      Total pembalikan                                                                                                                                           Total reversal
                                                                                                                                                                                         tahun berjalan                          (4.728)               (84.323)                    -                (2.458)               (91.509)           during the year
          Saldo akhir tahun                      14.284.950            177.991                      -           330.947           14.793.888             Ending balance               Lain-lain**)                                  548                     90                     -                    (1)                   637                      Others**)

                                                                                                                                                                                      Saldo akhir tahun                          25.737                 3.751                      -                 1.852                 31.340             Ending balance
           *)    Tidak menerapkan PSAK No. 109.                                               *)    Not implement SFAS No. 109.
           **)   Termasuk di dalam pengukuran kembali bersih adalah pembayaran                **)   Including in the net remeasurement is repayment.
                 kembali.                                                                                                                                                             *)    Tidak menerapkan PSAK No. 109.                                                   *)         Not implement SFAS No. 109.
                                                                                                                                                                                      **)   Termasuk selisih kurs karena penjabaran mata uang asing.                         **)        Included effect of foreign currency translation




PT BANK MANDIRI (PERSERO) TBK                                          1476          197                                                                                                                                                                        1477
                                                                                                                                                                                                                                                                   198                                                          ANNUAL REPORT 2024
Page 461
          FINANCIAL STATEMENTS 2024


                                                     PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                             PT BANK MANDIRI (PERSERO) Tbk.
                                                DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                                   DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                     NOTES TO THE CONSOLIDATED                                                CATATAN ATAS LAPORAN KEUANGAN                                                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                            FINANCIAL STATEMENTS                                              KONSOLIDASIAN                                                                                                          FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                            31 DECEMBER 2024 AND 2023                                             31 DESEMBER 2024 DAN 2023                                                                                          31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                   (Expressed in millions of Rupiah, unless otherwise stated)                                      (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                 (Expressed in millions of Rupiah, unless otherwise stated)

                                                                                                                                                                                           16. PENYERTAAN SAHAM (lanjutan)                                                       16. INVESTMENTS IN SHARES (continued)
15. TAGIHAN AKSEPTASI (lanjutan)                                                        15. ACCEPTANCE RECEIVABLES (continued)
                                                                                                                                                                                               a.   Rincian penyertaan                saham        adalah      sebagai                a.    The detail of investments in shares are as follows
     c.    Mutasi cadangan kerugian                     penurunan            nilai             c.      Movements of allowance for impairment losses on                                              berikut (lanjutan):                                                                     (continued):
           tagihan akseptasi (lanjutan):                                                               acceptance receivables (continued):
                                                                                                                                                                                                    Rincian dari penyertaan saham pada tanggal                                              The detail of investments in shares as of
                                                                                               2023
                                                                                                                                                                                                    31 Desember 2024 dan 2023 adalah sebagai                                                31 December 2024 and 2023 are as follows:
                                                                                                                    Syariah*)/
                                                 Stage 1             Stage 2               Stage 3                   Sharia*)                 Total
                                                                                                                                                                                                    berikut:

                                                                                                                                                                                                                                                                                                  2024                                           2023
           Saldo awal tahun                           35.320                 19.314                 2.515                    4.814                 61.963           Beginning balance
           Pengalihan ke/(dari):                                                                                                                                     Transfer to/(from):                                Nama                                                       Persentase                 Nilai             Persentase                  Nilai
             Kerugian kredit ekspektasian                                                                                                                          Lifetime expected                                Perusahaan/                         Jenis Usaha/              Kepemilikan/              Tercatat/          Kepemilikan/               Tercatat/
               sepanjang umurnya -                                                                                                                                        losses -                                    Investee                             Nature                 Percentage of             Carrying           Percentage of              Carrying
               tidak mengalami                                                                                                                                     non-impaired                                     Companies                           of Business                Ownership                Amount              Ownership                 Amount
               penurunan nilai (stage 2)                (158)                  158                          -                      -                      -              (stage 2)
                                                                                                                                                                                                    Metode nilai wajar:/Fair value method:
           Total saldo awal setelah                                                                                                                       Total beginning balance                    PT Fintek Karya Nusantara                    Penyelenggara Jasa
             pengalihan                               35.162                 19.472                 2.515                    4.814                 61.963              transfer                                                                     Sistem Pembayaran/
                                                                                                                                                                                                                                                    Fintech Lending                        15,72%                 586.554                 15,72%                 620.353
                                                                                                                                                                                                         PT Amartha Nusantara Raya                Penyelenggara Jasa
           Pengukuran kembali bersih                                                                                                                       Remeasurement of net                                                                     Sistem Pembayaran/
             penyisihan kerugian                     (14.568)                  (589)                        -                  (374)              (15.531)    carrying amount                                                                       Fintech Lending                        6,06%                  372.179                  6,06%                 254.170
           Aset keuangan baru yang                                                                                                                           New financial assets                        PT Sinbad Karya Perdagangan              Layanan Digital/
             diterbitkan atau                                                                                                                                     originated or                                                                     Digital Service                        7,32%                  185.144                  3,57%                  38.450
             dibeli                                   74.947                247.444                 1.340                          -              323.731           purchased                            PT Intersoft Solutions                   Layanan Digital/
           Aset keuangan yang                                                                                                                                    Financial assets                                                                   Digital Service                        16,11%                 130.150                 16,11%                 112.515
             dihentikan pengakuannya                 (65.895)           (179.135)                   (3.855)                        -             (248.885)      derecognised                             PT Ayopop Teknologi Indonesia            Antarmuka Pemrograman
                                                                                                                                                                                                                                                    Aplikasi Keuangan/
                                                                                                                                                                                                                                                    Open Finance API                       7,44%                  125.819                  7,44%                 138.072
           Total pembentukan/                                                                                                                                         Total allowance/
                                                                                                                                                                                                         Sleekr Pte. Ltd.                          Platform SDM dan
              (pembalikan)                                                                                                                                                (reversal)                                                                Akuntansi/HR and
              tahun berjalan                          (5.516)                67.720                 (2.515)                    (374)               59.315            during the year                                                                Accounting Platform                    3,63%                  111.101                  3,29%                 160.603
           Lain-lain**)                                  271                    792                      -                     (129)                  934                      Others**)                 PT Privy Identitas Digital               Layanan Digital/
                                                                                                                                                                                                                                                    Digital Service                        4,90%                  104.469                  4,90%                  95.201
           Saldo akhir tahun                          29.917                 87.984                         -                4.311                122.212             Ending balance                     Qoala Technology Pte. Ltd.               Teknologi Asuransi/
                                                                                                                                                                                                                                                    Insurance Technology                   1,76%                    81.941                 1,76%                  89.555
                                                                                                                                                                                                         PT Penyelesaian Transaksi                Penyelenggara Jasa
           *)    Tidak menerapkan PSAK No. 109.                                                       *)        Not implement SFAS No. 109.                                                                Elektronik Nasional                      Sistem Pembayaran/
           **)   Termasuk selisih kurs karena penjabaran mata uang asing.                             **)       Included effect of foreign currency translation.                                                                                    Fintech Lending                        17,50%                   76.670                17,50%                  37.440
                                                                                                                                                                                                         PT Delos Teknologi Maritim Jaya          Teknologi Agrobisnis/
                                                                                                                                                                                                                                                    Agricultural Technology                7,13%                    43.871                 4,61%                  27.449
           Manajemen berpendapat bahwa cadangan                                                       Management believes that the allowance for                                                         Lunaria Annua Holding Pte. Ltd.          Penyelenggara Jasa
           kerugian penurunan nilai tagihan akseptasi telah                                           impairment losses on acceptance receivables is                                                                                                Sistem Pembayaran/
                                                                                                                                                                                                                                                    Fintech Lending                        2,17%                    40.208                 2,17%                 105.211
           memadai.                                                                                   adequate.                                                                                          PT Agriaku Digital Indonesia             Teknologi Agrobisnis/
                                                                                                                                                                                                                                                    Agricultural Technology                1,60%                    37.944                 1,58%                  35.673
     d.    Informasi mengenai pengelompokan berdasarkan                                        d.     Information in respect of classification of                                                        PT Crowde Membangun Bangsa               Penyelenggara Jasa
                                                                                                                                                                                                                                                    Sistem Pembayaran/
           kelompok “tidak mengalami penurunan nilai” dan                                             “non-impaired” and “impaired” from sharia                                                                                                     Fintech Lending                        12,47%                   26.395                12,47%                  35.964
           “mengalami penurunan nilai” untuk aset                                                     Subsidiary are disclosed in Note 62A.                                                              PT Kliring Penjaminan                    Penyelenggara Jasa
           keuangan dari Entitas Anak syariah diungkapkan                                                                                                                                                   Efek Indonesia                          Kliring dan Penjaminan/
                                                                                                                                                                                                                                                    Central Counterparty                    1,11%                   20.000                       -                          -
           pada Catatan 62A.                                                                                                                                                                             Lain-lain (masing-masing
                                                                                                                                                                                                           di bawah Rp20.000)/
     e.    Berdasarkan kolektibilitas sesuai POJK:                                             e.      By collectability based on FSA regulation:                                                          Others (each less than
                                                                                                                                                                                                           Rp20,000)                              Beragam/Various                0,01% - 100,00%                    24.163     0,01% - 100,00%                    63.226

           Kolektibilitas tagihan akseptasi sesuai POJK                                                Collectability of acceptance receivables in                                                                                                                                                              1.966.608                                      1.813.882
           diungkapkan pada Catatan 65.                                                                accordance with FSA regulation are disclosed in
                                                                                                       Note 65.
                                                                                                                                                                                                    Metode biaya dan ekuitas:/
                                                                                                                                                                                                     Cost and equity method:
                                                                                                                                                                                                     PT Asuransi Jiwa Inhealth Indonesia*) Asuransi Jiwa/
16. PENYERTAAN SAHAM                                                                    16. INVESTMENTS IN SHARES                                                                                                                            Life Insurance                                20,00%                 436.588                        -                          -
                                                                                                                                                                                                     PT Djakarta Lloyd (Persero)           Pelayaran Niaga/
                                                                                                                                                                                                                                             Shipping Line                                        -                        -              17,67%                  32.067
     a.    Rincian      penyertaan         saham        adalah       sebagai                   a.     The detail of investments in shares are as follows:                                            Lain-lain (masing-masing
                                                                                                                                                                                                       di bawah Rp20.000)/
           berikut:                                                                                                                                                                                    Others (each less than
                                                                                                                                                                                                       Rp20,000)                           Beragam/Various                       0,000001% - 10%                    15.538     0,000001% - 10%                    15.538
                                                                            2024                            2023                                                                                                                                                                                                  452.126                                         47.605
           Penyertaan saham                                                                                                                         Investments in shares                           Total                                                                                                        2.418.734                                     1.861.487
             Pihak berelasi (Catatan 56)                                     1.023.142                            652.420                      Related parties (Note 56)                            Dikurangi: cadangan kerugian
                                                                                                                                                                                                      penurunan nilai/
             Pihak ketiga                                                    1.395.592                          1.209.067                                   Third parties                             Less: allowance for
                                                                                                                                                                                                      impairment losses                                                                                             (1.986)                                     (34.123)
           Total                                                             2.418.734                          1.861.487                                                Total                      Neto/Net                                                                                                    2.416.748                                     1.827.364
           Dikurangi: cadangan kerugian                                                                                                                    Less: allowance for
             penurunan nilai                                                         (1.986)                       (34.123)                               impairment losses                         *)      Pada tanggal 26 Juni 2024, terdapat perubahan atas klasifikasi                  *)        On 26 June 2024, there were changes in classification of investment
                                                                                                                                                                                                            penyertaan kepada Mandiri Inhealth dari penyertaan kepada Entitas                         in Mandiri Inhealth from investment in Subsidiaries become
           Neto                                                              2.416.748                          1.827.364                                                          Net                      Anak menjadi penyertaan kepada entitas asosiasi karena pengalihan
                                                                                                                                                                                                            pengendalian (Catatan 1g).
                                                                                                                                                                                                                                                                                                      investment in associates due to control transfer (Note 1g).




PT BANK MANDIRI (PERSERO) TBK                                               1478           199                                                                                                                                                                                  1479
                                                                                                                                                                                                                                                                                   200                                                    ANNUAL REPORT 2024
Page 462
          FINANCIAL STATEMENTS 2024


                                                   PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                   PT BANK MANDIRI (PERSERO) Tbk.
                                              DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                         DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                NOTES TO THE CONSOLIDATED                                    CATATAN ATAS LAPORAN KEUANGAN                                                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                       FINANCIAL STATEMENTS                                  KONSOLIDASIAN                                                                                                                  FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                       31 DECEMBER 2024 AND 2023                                 31 DESEMBER 2024 DAN 2023                                                                                                  31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                              (Expressed in millions of Rupiah, unless otherwise stated)                          (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                         (Expressed in millions of Rupiah, unless otherwise stated)


16. PENYERTAAN SAHAM (lanjutan)                                                     16. INVESTMENTS IN SHARES (continued)
                                                                                                                                                                          18. ASET TETAP                                                                               18. FIXED ASSETS
     b.    Mutasi cadangan kerugian                   penurunan           nilai            b.   Movements of allowance for impairment losses on
           penyertaan saham:                                                                    investments in shares:                                                        a.   Rincian aset tetap adalah sebagai berikut:                                                     a.      The details of fixed assets were as follows:

                                                                          2024                       2023
                                                                                                                                                                                                                                                                          2024

                                                                                                                                                                                                                                                                                                               Pengalihan
           Saldo awal tahun                                                   34.123                      68.640                                   Beginning balance                                                                                                                                          pengendalian
           Pembalikan selama tahun                                                                                                                Reversal during the                                            Saldo                                                                                        atas entitas
             berjalan (Catatan 46)                                              (704)                    (33.917)                                   year (Note 46)                                              awal*)/                                                                                       anak/Control             Saldo
           Penghapusbukuan                                                   (32.167)                          -                                           Write-offs                                          Beginning       Penambahan/     Revaluasi/       Pengurangan/           Reklasifikasi/         transfer of a           akhir**)/

           Lain-lain*)                                                           734                        (600)
                                                                                                                                                                                                                          *)
                                                                                                                                                                                                                                                                                                                                  Ending balance**)
                                                                                                                                                             Others*)                                          balance          Additions      Revaluation       Deductions       Reclassifications            subsidiary



           Saldo akhir tahun                                                      1.986                   34.123                                         Ending balance
                                                                                                                                                                                   Biaya perolehan/nilai                                                                                                                                                      At cost/revaluation
                                                                                                                                                                                         revaluasi                                                                                                                                                                       value
          *)   Termasuk selisih kurs karena penjabaran mata uang asing.                         *)    Included effect of foreign currency translation.
                                                                                                                                                                                   Pemilikan langsung                                                                                                                                                          Direct ownership
                                                                                                                                                                                         Tanah                  41.417.725          242.038        114.050                    -                   427.106                     -         42.200.919                       Land
           Manajemen     berpendapat  bahwa      jumlah                                         Management believes that the allowance for                                               Bangunan               11.897.086          266.238                 -          (4.887)                  1.067.967                     -         13.226.404                    Building
           cadangan kerugian penurunan nilai penyertaan                                         impairment losses on investments in shares are                                           Perlengkapan,                                                                                                                                                  Furniture and fixtures,
           saham telah memadai.                                                                 adequate.                                                                                   peralatan kantor                                                                                                                                             office equipment
                                                                                                                                                                                            dan komputer        15.587.063          768.293                 -        (115.385)                  1.244.818            (103.197)          17.381.592          and computer
                                                                                                                                                                                         Kendaraan bermotor       247.039              1.705                -          (1.185)                           -             (1.539)             246.020                    Vehicles
     c.    Berdasarkan kolektibilitas sesuai POJK:                                         c.    By collectability based on FSA regulation:                                              Aset dalam                                                                                                                                                            Construction in
                                                                                                                                                                                            pembangunan          4.438.613         4.863.277                -                 -                 (2.739.891)              (381)           6.561.618               progress
           Kolektibilitas penyertaan saham sesuai POJK                                           Collectability of investments in shares in
           diungkapkan pada Catatan 65.                                                          accordance with FSA regulation are disclosed in                                                                73.587.526         6.141.551       114.050           (121.457)                           -           (105.117)          79.616.553

                                                                                                 Note 65.                                                                          Aset hak guna                 8.727.505         2.605.544                -        (409.124)                           -            (81.798)          10.842.127           Right of use assets


                                                                                                                                                                                                                82.315.031         8.747.095       114.050           (530.581)                           -           (186.915)          90.458.680

17. BIAYA DIBAYAR DIMUKA                                                            17. PREPAID EXPENSES
                                                                                                                                                                                   Akumulasi penyusutan                                                                                                                                                Accumulated depreciation
                                                                                                                                                                                   Pemilikan langsung                                                                                                                                                          Direct ownership
                                                                          2024                       2023                                                                                Bangunan                4.761.830          703.431                 -            (953)                           -                    -          5.464.308                    Building
                                                                                                                                                                                         Perlengkapan,                                                                                                                                                  Furniture and fixtures,
     Biaya transaksi treasuri                                              1.338.753                     33.872                         Treasury transaction fee                            peralatan kantor                                                                                                                                             office equipment
                                                                                                                                                                                            dan komputer        13.482.213         1.032.447                -         (86.526)                           -            (80.547)          14.347.587          and computer
     Biaya transaksi kredit                                                  839.534                    335.076                            Loans transaction fee                         Kendaraan bermotor       201.904             16.978                -            (923)                           -             (1.539)             216.420                    Vehicles
     Biaya pemeliharaan gedung                                               801.795                    724.951                       Building maintenance fee
     Biaya premi asuransi                                                    411.497                    454.000                     Prepaid insurance premium                                                   18.445.947         1.752.856                -         (88.402)                           -            (82.086)          20.028.315
     Sewa dibayar dimuka                                                     325.464                    260.417                                      Prepaid rent
     Biaya pemeliharaan sistem                                               219.410                     64.303                        System maintenance fee                      Aset hak guna                 5.891.377         1.969.965                -        (406.945)                           -            (54.877)           7.399.520           Right of use assets

     Biaya kepegawaian                                                       194.239                    123.986                          Employment expenses                                                    24.337.324         3.722.821                -        (495.347)                           -           (136.963)          27.427.835
     Biaya promosi                                                            69.913                     18.835                                    Promotion fee
     Biaya jasa tenaga kerja pihak ketiga                                     31.472                     29.089                     Third-party labor service fee                  Nilai buku neto                                                                                                                                                               Net book value
     Biaya jasa profesional                                                    8.700                      3.591                                  Professional fee                  Pemilikan langsung                                                                                                                                                          Direct ownership

     Lain-lain                                                               586.946                    671.669                                           Others                         Tanah                                                                                                                                          42.200.919                       Land
                                                                                                                                                                                         Bangunan                                                                                                                                        7.762.096                    Building
                                                                                                                                                                                         Perlengkapan,                                                                                                                                                  Furniture and fixtures,
     Total                                                                 4.827.723                  2.719.789                                                   Total                     peralatan kantor                                                                                                                                             office equipment
                                                                                                                                                                                            dan komputer                                                                                                                                 3.034.005          and computer
                                                                                                                                                                                         Kendaraan bermotor                                                                                                                                  29.600                   Vehicles
     Biaya transaksi treasuri terkait biaya dibayar                                        Treasury transaction fee related to the upfront                                               Aset dalam                                                                                                                                                            Construction in
     dimuka atas kontrak call spread option yang                                           payment for call spread option contract that will                                                pembangunan                                                                                                                                  6.561.618                progress

     akan diamortisasi dengan metode garis lurus                                           be amortised using the straight-line method over                                                                                                                                                                                             59.588.238
     sepanjang jangka waktu kontrak.                                                       the term of contract.                                                                   Aset hak guna                                                                                                                                         3.442.607           Right of use assets


     Sewa dibayar dimuka terutama merupakan                                                Prepaid rent mostly consists of rentals on                                                                                                                                                                                                   63.030.845

     sewa atas bangunan yang digunakan sebagai                                             buildings which are used as the Group branch’s
     kantor cabang Grup dan rumah dinas di seluruh                                         offices and official residence across Indonesia.                                        *)       Per tanggal 31 Desember 2023 terdapat aset tanah yang                                         *)        As of 31 December 2023,              land assets    are revaluated to
     Indonesia. Grup mengakui aset hak guna dan                                            Group recognises the right-of-use assets and                                                     direvaluasi sebesar Rp35.704.220 terdiri dari Bank sebesar                                              Rp35,704,220 which consist of Bank amounted to Rp35,272,112 and
     liabilitas sewa untuk semua sewa dengan                                               liabilities for all leases with time contracts, which                                            Rp35.272.112 dan Entitas Anak sebesar Rp432.108.                                                        Subsidiaries amounted to Rp432,108.
                                                                                                                                                                                   **)      Per tanggal 31 Desember 2024 terdapat aset tanah yang                                         **)       As of 31 December 2024 land assets are revaluated to Rp35,818,270
     kontrak jangka waktu tertentu yang dibayar                                            payable periodically, except for short term list and                                             direvaluasi sebesar Rp35.818.270 terdiri dari Bank sebesar                                              which consist of Bank amounted to Rp35,272,112 and Subsidiaries
     secara periodik, kecuali untuk sewa jangka                                            leases with low value underlying assets.                                                         Rp35.272.112 dan Entitas Anak sebesar Rp546.158.                                                        amounted to Rp546,158.
     waktu pendek dan memiliki aset pendasar
     bernilai rendah




PT BANK MANDIRI (PERSERO) TBK                                             1480            201                                                                                                                                                                      1481
                                                                                                                                                                                                                                                                      202                                                                      ANNUAL REPORT 2024
Page 463
          FINANCIAL STATEMENTS 2024


                                                        PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                          PT BANK MANDIRI (PERSERO) Tbk.
                                                   DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                                DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                               NOTES TO THE CONSOLIDATED                                        CATATAN ATAS LAPORAN KEUANGAN                                                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                      FINANCIAL STATEMENTS                                      KONSOLIDASIAN                                                                                                               FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                                      31 DECEMBER 2024 AND 2023                                     31 DESEMBER 2024 DAN 2023                                                                                               31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                             (Expressed in millions of Rupiah, unless otherwise stated)                              (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                      (Expressed in millions of Rupiah, unless otherwise stated)


18. ASET TETAP (lanjutan)                                                                18. FIXED ASSETS (continued)                                                                        18. ASET TETAP (lanjutan)                                                                18. FIXED ASSETS (continued)

     a.    Rincian aset               tetap   adalah         sebagai     berikut                       a.    The details of fixed assets were as follows                                         a.   Rincian aset              tetap   adalah       sebagai         berikut                  a.     The details of fixed assets were as follows
           (lanjutan):                                                                                       (continued):                                                                             (lanjutan):                                                                                    (continued):
                                                                                             2023
                                                Saldo                                                                                          Saldo                                                  Aset hak guna pada tanggal 31 Desember 2024                                                    Right of use assets as of 31 December 2024 are
                                                awal*)/
                                              Beginning       Penambahan/       Revaluasi/            Pengurangan/       Reklasifikasi/
                                                                                                                                              akhir**)/
                                                                                                                                              Ending
                                                                                                                                                                                                      adalah sebagai berikut:                                                                        as follows:
                                               balance*)        Additions      Revaluation             Deductions       Reclassifications    balance**)
                                                                                                                                                                                                                                                                                           2024
           Biaya perolehan/nilai revaluasi                                                                                                                       At cost/revaluation value                                                                                                                         Pengalihan
           Pemilikan langsung                                                                                                                                            Direct ownership
               Tanah                            41.356.880          33.518                       -                 -              27.327       41.417.725                         Land                                                                                                                           pengendalian
               Bangunan                         11.158.849         154.831                       -          (241.080)            824.486       11.897.086                      Building                                                                                                                           atas entitas
               Perlengkapan,                                                                                                                                    Furniture and fixtures,                                                Saldo                                                                     anak/Control             Saldo
                  peralatan kantor                                                                                                                               office equipment                                                    1 Januari/       Penambahan/         Pengurangan/       Reklasifikasi/       transfer of a       31 Desember/
                  dan komputer                  15.148.376          403.071                      -          (279.005)             314.621      15.587.063            and computer
                                                                                                                                                                                                                                    January 2024        Additions          Deductions       Reclassifications      subsidiary        December 2024
               Kendaraan bermotor                  250.858           11.322                      -           (15.458)                 317         247.039                     Vehicles
               Aset dalam pembangunan            3.121.729        2.483.635                      -                 -           (1.166.751)      4.438.613     Construction in progress                Biaya perolehan                                                                                                                                                     At cost
                                                71.036.692        3.086.377                      -          (535.543)                   -      73.587.526                                               Bangunan                         7.355.549           1.670.431         (294.500)                     -          (81.798)           8.649.682                 Building
           Aset hak guna                         6.933.206        1.998.278                      -          (203.979)                   -       8.727.505             Right of use assets               Perlengkapan,                                                                                                                                  Furniture and fixtures,
                                                                                                                                                                                                            peralatan kantor                                                                                                                            office equipment
                                                77.969.898        5.084.655                      -          (739.522)                   -      82.315.031                                                   dan komputer                    59.212            654.770                  -                     -                   -           713.982        and computer
                                                                                                                                                                                                        Kendaraan bermotor               1.312.744            280.343          (114.624)                     -                   -         1.478.463                Vehicles
           Akumulasi penyusutan                                                                                                                                 Accumulated depreciation
           Pemilikan langsung                                                                                                                                            Direct ownership
              Bangunan                           4.116.724         652.142                   -                (7.036)                   -       4.761.830                     Building                                                   8.727.505           2.605.544         (409.124)                     -          (81.798)          10.842.127
              Perlengkapan,                                                                                                                                     Furniture and fixtures,
                  peralatan kantor                                                                                                                               office equipment
                  dan komputer                  12.789.030         972.153                   -              (278.970)                   -      13.482.213           and computer                      Akumulasi penyusutan                                                                                                                             Accumulated depreciation
              Kendaraan bermotor                   200.679          16.683                   -               (15.458)                   -         201.904                    Vehicles                  Bangunan                          4.885.331           1.553.827         (292.332)                     -          (54.877)           6.091.949                 Building
                                                                                                                                                                                                       Perlengkapan,                                                                                                                                   Furniture and fixtures,
                                                17.106.433        1.640.978                  -              (301.464)                   -      18.445.947                                                  peralatan kantor                                                                                                                              office equipment
                                                                                                                                                                                                           dan komputer                    43.728             157.123                  -                     -                   -           200.851         and computer
           Aset hak guna                         4.322.899        1.772.254                  -              (203.776)                   -       5.891.377             Right of use assets
                                                                                                                                                                                                       Kendaraan bermotor                 962.318             259.015          (114.613)                     -                   -         1.106.720                 Vehicles
                                                21.429.332        3.413.232                  -              (505.240)                   -      24.337.324
                                                                                                                                                                                                                                         5.891.377           1.969.965         (406.945)                     -          (54.877)           7.399.520
           Nilai buku neto                                                                                                                                                 Net book value
           Pemilikan langsung                                                                                                                                            Direct ownership             Nilai buku neto                                                                                                                                             Net book value
             Tanah                                                                                                                             41.417.725                         Land                    Bangunan                                                                                                                         2.557.733                  Building
             Bangunan                                                                                                                           7.135.256                      Building
             Perlengkapan,                                                                                                                                      Furniture and fixtures,                   Perlengkapan,                                                                                                                                 Furniture and fixtures
                  peralatan kantor                                                                                                                               office equipment                            peralatan kantor                                                                                                                              office equipment
                  dan komputer                                                                                                                  2.104.850            and computer                            dan komputer                                                                                                                   513.131         and computer
             Kendaraan bermotor                                                                                                                    45.135                     Vehicles                    Kendaraan bermotor                                                                                                                371.743                  Vehicles
             Aset dalam pembangunan                                                                                                             4.438.613     Construction in progress

                                                                                                                                               55.141.579                                                                                                                                                                                  3.442.607
           Aset hak guna                                                                                                                        2.836.128             Right of use assets

                                                                                                                                               57.977.707
                                                                                                                                                                                                      Aset hak guna pada tanggal 31 Desember 2023                                                     Right of use assets as of 31 December 2023 are
           *)     Per tanggal 31 Desember 2022 terdapat aset tetap yang direvaluasi                          *)      As of 31 December 2022, fixed assets are revaluated to                           adalah sebagai berikut:                                                                         as follows:
                  sebesar Rp35.704.220 terdiri dari Bank sebesar Rp35.272.112 dan                                    Rp35,704,220 which consist of Bank amounted to Rp35,272,112 and
                  Entitas Anak sebesar Rp432.108.                                                                    Subsidiaries amounted to Rp432,108.                                                                                                                                     2023
           **)    Per tanggal 31 Desember 2023 terdapat aset tetap yang direvaluasi                          **)     As of 31 December 2023, fixed assets are revaluated to
                  sebesar Rp35.704.220 terdiri dari Bank sebesar Rp35.272.112 dan                                    Rp35,704,220 which consist of Bank amounted to Rp35,272,112 and                                                         Saldo                                                                                        Saldo
                  Entitas Anak sebesar Rp432.108.                                                                    Subsidiaries amounted to Rp432,108.                                                                                   1 Januari/           Penambahan/            Pengurangan/           Reklasifikasi/          31 Desember/
                                                                                                                                                                                                                                          January 2023            Additions             Deductions           Reclassifications       December 2023
           Aset dalam pembangunan pada tanggal                                                               Construction in progress as of 31 December 2024                                          Biaya perolehan                                                                                                                                                     At cost
           31 Desember 2024 dan 2023 adalah sebagai                                                          and 2023 are as follows:                                                                   Bangunan                               5.815.928                 1.740.098            (200.477)                      -             7.355.549                 Building
           berikut:                                                                                                                                                                                     Perlengkapan,                                                                                                                                  Furniture and fixtures,
                                                                                                                                                                                                            peralatan kantor                                                                                                                            office equipment
                                                                                                                                                                                                            dan komputer                          59.454                    3.260                  (3.502)                   -                59.212        and computer
                                                                              2024                                 2023                                                                                 Kendaraan bermotor                     1.057.824                  254.920                        -                   -             1.312.744                Vehicles

                                                                                                                                                                                                                                               6.933.206                 1.998.278            (203.979)                      -             8.727.505
           Bangunan                                                            4.413.808                             2.903.663                                     Buildings
           Komputer dan perangkat keras                                                                                                                Computers and other                            Akumulasi penyusutan                                                                                                                             Accumulated depreciation
             lainnya yang belum                                                                                                                             hardware that                              Bangunan                                3.618.037                 1.467.568            (200.274)                      -             4.885.331                 Building
             terinstalasi                                                      2.007.323                                982.019                    have not been installed                             Perlengkapan,                                                                                                                                   Furniture and fixtures,
                                                                                                                                                                                                           peralatan kantor                                                                                                                              office equipment
           Tanah                                                                   7.303                                430.513                                         Land                               dan komputer                             34.665                 12.565                  (3.502)                   -               43.728          and computer
           Perlengkapan dan inventaris kantor                                     52.889                                 43.963              Office equipment and inventory                            Kendaraan bermotor                          670.197                292.121                        -                   -              962.318                  Vehicles
           Kendaraan bermotor                                                         22                                     22                                    Vehicles
                                                                                                                                                                                                                                               4.322.899                 1.772.254            (203.776)                      -             5.891.377
           Lain-lain                                                              80.273                                 78.433                                      Others
                                                                                                                                                                                                      Nilai buku neto                                                                                                                                             Net book value
                                                                               6.561.618                             4.438.613                                                                            Bangunan                                                                                                                         2.470.218                 Building
                                                                                                                                                                                                          Perlengkapan,                                                                                                                                Furniture and fixtures,
                                                                                                                                                                                                             peralatan kantor                                                                                                                            office equipment
           Estimasi persentase tingkat penyelesaian aset                                                     The estimated percentage of completion of                                                       dan komputer                                                                                                                    15.484          and computer
           dalam       pembangunan      pada      tanggal                                                    construction in progress as of 31 December 2024                                              Kendaraan bermotor                                                                                                                350.426                  Vehicles
           31 Desember 2024 dan 2023 untuk komputer                                                          and 2023 for computers and other hardware that                                                                                                                                                                                2.836.128
           dan perangkat keras lainnya yang belum                                                            have not been installed was ranging between
           terinstalasi adalah masing-masing berkisar                                                        5.00% - 85.00%, respectively.
           5,00% - 85,00%.




PT BANK MANDIRI (PERSERO) TBK                                                 1482                   203                                                                                                                                                                             1483
                                                                                                                                                                                                                                                                                        204                                                     ANNUAL REPORT 2024
Page 464
          FINANCIAL STATEMENTS 2024


                                                 PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                PT BANK MANDIRI (PERSERO) Tbk.
                                            DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                       NOTES TO THE CONSOLIDATED                          CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                              FINANCIAL STATEMENTS                        KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                              31 DECEMBER 2024 AND 2023                       31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                     (Expressed in millions of Rupiah, unless otherwise stated)                (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)        (Expressed in millions of Rupiah, unless otherwise stated)

18. ASET TETAP (lanjutan)                                                 18. FIXED ASSETS (continued)                                                 18. ASET TETAP (lanjutan)                                     18. FIXED ASSETS (continued)
     a.    Rincian aset        tetap    adalah   sebagai     berikut            a.    The details of fixed assets were as follows
           (lanjutan):                                                                (continued):                                                         b.   Lain-lain (lanjutan)                                     b.    Others (continued)

           Tabel berikut menyajikan beban hak guna yang                               The table below shows the right of use expenses                           2.   Revaluasi                                                  2.   Revaluation
           dilaporkan dalam laporan laba rugi konsolidasian:                          in consolidated statement of profit or loss:
                                                                                                                                                                     Revaluasi Tahun 2015 - 2016                                     Revaluation Year 2015 - 2016
                                                                            2024

                                                                                            Beban yang                                                               Berdasarkan Peraturan Menteri Keuangan                          Based on Minister of Finance of the Republic
                                                       Beban                 Beban         berhubungan
                                                    penyusutan            bunga atas       dengan sewa                                                               Republik            Indonesia         (PMK)                     of       Indonesia        Regulation     (PMK)
                                                      aset hak         liabilitas sewa/   jangka pendek/                                                             No. 191/PMK.010/2015 tanggal 15 Oktober                         No. 191/PMK.010/2015 dated 15 October
                                                       guna/                Interest         Expenses
                                                   Depreciation of         expenses          related to                                                              2015 tentang Penilaian Kembali Aktiva Tetap                     2015 regarding Revaluation of Fixed Assets
                                                    right of use            of lease        short term                                                               Untuk Tujuan Perpajakan Bagi Permohonan                         for Tax Purposes for Applications Filed in
                                                       assets              liabilities         lease
                                                                                                                                                                     yang Diajukan Pada Tahun 2015 dan Tahun                         2015 and 2016, with the first amendment
           Bangunan                                        1.553.827            45.790            12.713                                    Building
                                                                                                                                                                     2016, dengan perubahan pertama melalui                          through the Minister of Finance Regulation
           Perlengkapan, peralatan kantor                                                                   Furniture and fixture, office equipment                  Peraturan           Menteri        Keuangan                     No. 233/PMK.03/2015 dated 21 December
             dan komputer                                   157.123             58.300             3.771                           and computer                      No. 233/PMK.03/2015 tanggal 21 Desember                         2015 and the second amendment of the
           Kendaraan bermotor                               259.015             24.317             3.416                                    Vehicles
                                                                                                                                                                     2015 dan perubahan kedua Peraturan                              Minister       of       Finance      Regulation
           Total yang diakui dalam                                                                            Total recognised in consolidated                       Menteri Keuangan No. 29/PMK.03/2016                             No. 29/PMK.03/2016 dated 19 February 2016.
             laporan laba rugi konsolidasian               1.969.965           128.407            19.900          statement of profit or loss
                                                                                                                                                                     tanggal 19 Februari 2016. Grup telah                            The      Group     has    assigned   registered
                                                                                                                                                                     menugaskan perusahaan jasa penilai                              independent appraisers to assess (revaluate)
                                                                            2023
                                                                                                                                                                     terdaftar untuk melaksanakan penilaian                          its fixed asset (land).
                                                                                            Beban yang                                                               (revaluasi) aset tetap atas tanah.
                                                       Beban                 Beban         berhubungan
                                                    penyusutan            bunga atas       dengan sewa
                                                      aset hak         liabilitas sewa/   jangka pendek/                                                             Penilaian atas tanah dilakukan oleh penilai                     The valuations of land are performed by the
                                                       guna/                Interest         Expenses
                                                   Depreciation of         expenses          related to                                                              independen eksternal Kantor Jasa Penilai                        external independent appraisers, Public
                                                    right of use            of lease        short term                                                               Publik (KJPP) Amin, Nirwan, Alfiantori dan                      Appraiser Firm (KJPP) Amin, Nirwan, Alfiantori
                                                       assets              liabilities         lease
                                                                                                                                                                     Rekan (ANA) dan KJPP Muttaqin, Bambang,                         and Partners (ANA) and KJPP Muttaqin,
                                                                                                                                                                     Purwanto, Rozak, Uswatun dan Rekan                              Bambang, Purwanto, Rozak, Uswatun and
           Bangunan                                        1.467.568            41.972            15.149                                    Building
           Perlengkapan, peralatan kantor                                                                   Furniture and fixture, office equipment                  (MBPRU). Penilaian dilakukan sesuai                             Partners (MBPRU). Appraisals are performed
             dan komputer                                    12.565              1.589            12.911                           and computer                      dengan dan tunduk kepada ketentuan-                             based on the Concept and General Principles
           Kendaraan bermotor                               292.121             25.553             2.237                                    Vehicles
                                                                                                                                                                     ketentuan dari Konsep dan Prinsip Umum                          of Appraisers (KPUP) article 17 in Indonesian
           Total yang diakui dalam                                                                            Total recognised in consolidated                       Penilaian (KPUP) poin 17 dalam Standar                          Appraisal Standards (SPI) year 2015.
             laporan laba rugi konsolidasian               1.772.254            69.114            30.297          statement of profit or loss
                                                                                                                                                                     Penilaian Indonesia (SPI) tahun 2015.
           Bank menyewa beberapa aset termasuk                                        Bank entered into rental agreement for a number                                Dalam pengukuran nilai wajar tanah, KJPP                        In the fair value measurement of the land, the
           kendaraan, rumah dinas, gedung kantor, ruang                               of assets including vehicle, office house, office
           ATM dan lain-lain. Rata-rata masa sewa adalah 2                            building, ATM spaces and others. The average                                   memperhitungkan      kemampuan      peserta                     KJPP consider market participants ability to
           (dua) tahun.                                                               lease term is 2 (two) years.                                                   pasar untuk menghasilkan manfaat ekonomi                        generate economic benefits by using the
                                                                                                                                                                     dengan penggunaan tertinggi dan terbaik                         assets in its highest and best use or by selling
           Bank juga memiliki sewa tertentu dengan masa                               Bank also has certain lease with leases terms 12                               atas aset atau dengan menjual aset ke                           it to another market participant that would use
           sewa 12 bulan atau kurang dan sewa aset                                    months or less and low value underlying asset.                                 peserta pasar lain yang akan menggunakan                        the asset in its highest and best use. The
           bernilai rendah. Bank menerapkan pengecualian                              Bank applied the exception for the short term                                  aset pada kondisi tertinggi dan penggunaan                      valuation method used by the KJPP are
           untuk sewa jangka pendek dan sewa bernilai                                 leases and low value leases.
           rendah untuk sewa tersebut.                                                                                                                               terbaik. Metode penilaian yang digunakan                        market approach and cost approach.
                                                                                                                                                                     oleh KJPP adalah pendekatan pasar dan
     b.    Lain-lain                                                            b.   Others                                                                          pendekatan biaya.

           1.   Perjanjian   Kerjasama Pembangunan,                                   1. The Joint Agreement of Build, Operate,                                      Berdasarkan Laporan Penilaian dari KJPP                         Based on the Assessment Report of the KJPP
                Pengoperasian dan Penyerahan (Build,                                      Transfer                                                                   MBPRU tanggal 21 Desember 2015 (Entitas                         MBPRU       dated    21   December      2015
                Operate, Transfer)                                                                                                                                   Anak) dan 11 April 2016 (Bank) serta KJPP                       (Subsidiaries) and 11 April 2016 (Bank) and
                                                                                                                                                                     ANA tanggal 13 April 2016 (Bank), nilai aset                    KJPP ANA dated 13 April 2016 (Bank), the
                Pada     tanggal  28   Desember      2018                                 On 28 December 2018, the Bank has signed                                   tetap berikut mengalami kenaikan nilai                          value of fixed assets and its increase are as
                telah ditandatangani Perjanjian Kerjasama                                 the joint agreement of Build, operate, and                                 adalah sebagai berikut:                                         follows:
                Pembangunan,       Pengoperasian       dan                                transfer for asset at Jl. Proklamasi
                Penyerahan (Build, Operate, Transfer) atas                                No. 31 Jakarta for 27 years period with                                                                                                               Kenaikan nilai
                aset di Jalan Proklamasi No. 31 Jakarta                                   PT Wijaya Karya Bangunan Gedung Tbk. in                                                                                                             (sebelum pajak)/
                untuk jangka waktu 27 tahun dengan Mitra                                  order to optimize the strategic assets of Bank                                                   Nilai pasar/              Nilai buku/              Increase in value
                Kerjasama PT Wijaya Karya Bangunan                                        Mandiri by prioritizing the cooperation through                             Aset tetap           Fair value                Book value                  (before tax)          Fixed assets
                Gedung Tbk. dalam rangka optimalisasi aset                                SOE synergy.
                strategis milik Bank Mandiri dengan                                                                                                                  Tanah                       28.822.150                   2.880.116                 25.942.034              Land
                mengutamakan kerjasama sinergi BUMN.




PT BANK MANDIRI (PERSERO) TBK                                  1484          205                                                                                                                                    1485
                                                                                                                                                                                                                       206                                     ANNUAL REPORT 2024
Page 465
          FINANCIAL STATEMENTS 2024


                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                                  PT BANK MANDIRI (PERSERO) Tbk.
                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                        DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED                CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS              KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                   31 DECEMBER 2024 AND 2023             31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)      (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)        (Expressed in millions of Rupiah, unless otherwise stated)


18. ASET TETAP (lanjutan)                                       18. FIXED ASSETS (continued)                                      18. ASET TETAP (lanjutan)                                     18. FIXED ASSETS (continued)

                                                                                                                                      b.   Lain-lain (lanjutan)                                     b.   Others (continued)
     b.    Lain-lain (lanjutan)                                     b.   Others (continued)
                                                                                                                                           2.   Revaluasi (lanjutan)                                     2.   Revaluation (continued)
           2.   Revaluasi (lanjutan)                                     2.   Revaluation (continued)
                                                                                                                                                Revaluasi Tahun 2015 - 2016 (lanjutan)                        Revaluation Year 2015 - 2016 (continued)
                Revaluasi Tahun 2015 - 2016 (lanjutan)                        Revaluation Year 2015 - 2016 (continued)
                                                                                                                                                Untuk menentukan nilai pasar tersebut,                        To determine the fair value, KJPP Yanuar Bey
                Untuk menentukan nilai pasar tersebut,                        To determine the fair value, KJPP ANA and                         KJPP Yanuar Bey dan rekan dan KJPP Iwan                       and partners and KJPP Iwan Bachron and
                KJPP     ANA     dan     KJPP  MBPRU                          KJPP MBPRU uses the assessment to                                 Bachron    dan     rekan   menggunakan                        partners   use     the     market   approach
                menggunakan        metodologi penilaian                       methodology of Market Approach SPI                                metodologi penilaian Pendekatan Pasar                         methodology of SPI 2018-KPUP 15.2 using
                                                                                                                                                (Market Approach) SPI 2018-KPUP 15.2                          direct comparison method.
                Pendekatan Pasar (Market Approach) SPI                        2015-KPUP 17 with direct comparison
                                                                                                                                                dengan metode perbandingan langsung.
                2015-KPUP       17     dengan   metode                        method.
                perbandingan langsung.                                                                                                          Revaluasi Tahun 2022                                          Revaluation Year 2022

                Hasil revaluasi aset tetap untuk Bank                         The results of revaluation of fixed assets of the                 Di tahun 2022, Bank melakukan penilaian                       In year 2022, the Bank performed
                tersebut telah disetujui oleh Direktorat                      Bank were approved by the Directorate                             kembali atas tanah. Penilaian atas tanah                      revaluations of land. The valuations of land
                Jenderal Pajak (DJP) melalui Kepala Kantor                    General of Taxes (DGT) through the Head of                        dilakukan   oleh   penilaian  independen                      was performed by external independent
                Wilayah DJP Wajib Pajak Besar melalui                         Regional Office Large Tax Payer through                           eksternal   KJPP    Muttaqin,   Bambang,                      appraisers of the KJPP Muttaqin, Bambang,
                Surat Keputusan No. KEP-418/WPJ.19/2016                       Decree No. KEP-418/WPJ.19/2016 dated                              Purwanto, Rozak, Uswatun dan Rekan dan                        Purwanto, Rozak, Uswatun and Partners, and
                                                                                                                                                KJPP Dasa’at Yudistira dan Rekan.                             Dasa'at Yudistira and Partners. The
                tanggal 25 Mei 2016. Hasil revaluasi aset                     25 May 2016. The results of revaluation of
                                                                                                                                                Penilaian dilakukan sesuai dengan dan                         valuations are performed in accordance with
                tetap Entitas Anak juga telah disetujui oleh                  fixed assets of subsidiaries had been                             tunduk kepada ketentuan-ketentuan dari                        and subject to the provisions of the General
                DJP pada tanggal 8 Januari 2016.                              approved by the DGT on 8 January 2016.                            Konsep dan Prinsip Umum Penilaian poin 17                     Concepts and Principles of Assessment
                                                                                                                                                dalam tahun 2018.                                             article 17 in the SPI of year 2018.
                Revaluasi Tahun 2019                                          Revaluation Year 2019
                                                                                                                                                Dalam pengukuran nilai wajar tanah, KJPP                      In assessing the fair value of land, KJPP
                Di tahun 2019, Bank melakukan penilaian                       In 2019, Bank has performed land revaluation.                     memperhitungkan      kemampuan       peserta                  takes into account the ability of market
                kembali atas tanah. Penilaian atas tanah                      The valuation of land was performed by                            pasar untuk menghasilkan manfaat ekonomi                      participants to generate economic benefits
                dilakukan   oleh    penilaian  independen                     external independent appraisers of the KJPP                       dengan penggunaan tertinggi dan terbaik                       with the highest and best use of assets or by
                eksternal KJPP Yanuar Bey dan Rekan dan                       Yanuar Bey and Partners and KJPP Iwan                             atas aset atau dengan menjual aset ke                         selling assets to other market participants
                                                                                                                                                peserta pasar lain yang akan menggunakan                      who will use assets in the highest conditions
                KJPP Iwan Bachron dan Rekan. Penilaian                        Bachron and Partners. The assessment was
                                                                                                                                                aset pada kondisi tertinggi dan penggunaan                    and best use. The valuation method used by
                dilakukan sesuai dengan dan tunduk kepada                     performed in accordance with and subject to                       terbaik. Metode penilaian yang digunakan                      KJPP is the market approach, income
                ketentuan-ketentuan dari Konsep dan Prinsip                   the provisions of the General Assessment                          oleh KJPP adalah pendekatan pasar,                            approach and cost approach. Based on the
                Umum Penilaian poin 17 dalam SPI tahun                        Concepts and Principles article 17 in the SPI                     pendekatan pendapatan dan pendekatan                          Appraisal Report from, KJPP Muttaqin,
                2018.                                                         of year 2018.                                                     biaya. Berdasarkan Laporan Penilaian dari                     Bambang, Purwanto, Rozak, Uswatun and
                                                                                                                                                KJPP Muttaqin Bambang Purwanto Rozak                          Partners (Signed by Ir. Muhammad Adil
                Dalam pengukuran nilai wajar tanah, KJPP                      In the fair value measurement of the land, the                    Uswatun dan Rekan (yang ditandatangani                        Muttaqin,     M.Sc.,   MAPPI      (Cert)   with
                memperhitungkan      kemampuan      peserta                   KJPP takes into account the market                                oleh Ir. Muhammad Adil Muttaqin, M.Sc.,                       Registered      Letter   (STTD)     STTD.PP-
                pasar untuk menghasilkan manfaat ekonomi                      participants’ ability to generate economic                        MAPPI (Cert) dengan nomor Surat Tanda                         83/PM.2/2018) on 16 December 2022 and
                                                                                                                                                Terdaftar (STTD) STTD.PP-83/PM.2/2018)                        KJPP Dasa'at Yudistira and Partners (Signed
                dengan penggunaan tertinggi dan terbaik                       benefits to the highest and best use of the
                                                                                                                                                tertanggal 16 Desember 2022 dan KJPP                          by Dasa’at Alam Ratu, S.P., MAPPI (Cert)
                atas aset atau dengan menjual aset ke                         assets or by selling assets to other market                       Dasa’at Yudistira dan Rekan (yang                             with Registered Letter (STTD) STTD.PP-
                peserta pasar lain yang akan menggunakan                      participants would use the asset on the                           ditandatangani oleh Dasa’at Alam Ratu,                        93/PM.2/2018) on 19 December 2022, the
                aset pada kondisi tertinggi dan penggunaan                    highest and best use condition. The valuation                     S.P., MAPPI (Cert) dengan nomor STTD                          value of fixed assets and the increase in value
                terbaik. Metode penilaian yang digunakan                      methods used by KJPP are the market                               STTD.PP-93/PM.2/2018)             tertanggal                  are as follows:
                oleh KJPP adalah pendekatan pasar,                            approach, income approach and cost                                19 Desember 2022, nilai aset tetap berikut
                pendekatan pendapatan dan pendekatan                          approach.                                                         kenaikan nilainya adalah sebagai berikut:
                biaya.
                                                                                                                                                                                                                         Kenaikan nilai
                Berdasarkan Laporan Penilaian dari KJPP                       Based on the Appraisal Report of KJPP                                                                                                    (sebelum pajak)/
                                                                                                                                                                       Nilai pasar/             Nilai buku/            Increase in value
                Yanuar Bey tanggal 8 Juli 2019 dan KJPP                       Yanuar Bey on 8 July 2019 and KJPP Iwan
                                                                                                                                                 Aset tetap            Fair value               Book value                (before tax)          Fixed assets
                Iwan Bachron tanggal 9 Agustus 2019, nilai                    Bachron on 9 August 2019, the value of fixed
                aset tetap berikut kenaikan nilainya adalah                   assets and its value increase are as follows:                     Tanah                        38.639.890              34.074.142                   4.565.748              Land
                sebagai berikut:
                                                                                                                                                Untuk menentukan nilai pasar tersebut,                        To determine market value, the Public
                                                                                         Kenaikan nilai                                         KJPP Muttaqin, Bambang, Purwanto, Rozak,                      Appraiser Firm (KJPP) Muttaqin, Bambang,
                                                                                       (sebelum pajak)/                                         Uswatun dan Rekan dan KJPP Dasa’at                            Purwanto, Rozak, Uswatun and Partners and
                                       Nilai pasar/             Nilai buku/            Increase in value                                        Yudistira  dan    Rekan    menggunakan                        KJPP Dasa’at Yudistira and Partners use
                 Aset tetap            Fair value               Book value                (before tax)           Fixed assets                   metodologi penilaian Pendekatan Pasar                         Market Approach methodology of SPI 2018-
                                                                                                                                                (Market Approach) SPI 2018-KPUP 15.2                          KPUP 15.2 with direct comparison method.
                Tanah                        33.596.578              29.725.630                   3.870.948               Land                  dengan metode perbandingan langsung.




PT BANK MANDIRI (PERSERO) TBK                            1486     207                                                                                                                          1487
                                                                                                                                                                                                  208                                   ANNUAL REPORT 2024
Page 466
          FINANCIAL STATEMENTS 2024


                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                                             PT BANK MANDIRI (PERSERO) Tbk.
                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                   DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                       NOTES TO THE CONSOLIDATED                  CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                              FINANCIAL STATEMENTS                KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                              31 DECEMBER 2024 AND 2023               31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                     (Expressed in millions of Rupiah, unless otherwise stated)        (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)        (Expressed in millions of Rupiah, unless otherwise stated)

18. ASET TETAP (lanjutan)                                              18. FIXED ASSETS (continued)                                            18. ASET TETAP (lanjutan)                                     18. FIXED ASSETS (continued)
     b.    Lain-lain (lanjutan)                                                b.    Others (continued)
                                                                                                                                                   b.   Lain-lain (lanjutan)                                     b.   Others (continued)
           3.   Penilaian pada nilai wajar aset yang dimiliki                          3. Assessment in the fair value of assets owned
                Bank pada tanggal 31 Desember 2024 dan                                    by the Bank on 31 December 2024 and
                2023     adalah      untuk   tanah    dengan                              2023 uses revaluation method for lands and                    4. Nilai wajar tingkat 2 dari tanah dihitung                  4.   The fair value of land for level 2 is calculated
                menggunakan nilai revaluasi (nilai buku),                                 Sales Value of Taxable Object for Buildings                      dengan       menggunakan         pendekatan                     using the comparison of market price
                sedangkan untuk bangunan menggunakan                                      (“NJOP”). As of 31 December 2024, the
                Nilai Jual Objek Pajak (NJOP). Pada tanggal                               revaluation value of land and NJOP owned by                      perbandingan harga pasar dan estimasi                           approach and estimation of income and
                31 Desember 2024, nilai buku tanah dan                                    the Bank was Rp42,215,459 dan Rp5,906,576,                       pendapatan dan biaya yang dihasilkan oleh                       expenses generated by the asset. The market
                NJOP bangunan yang dimiliki Bank masing-                                  respectively. As of 31 December 2023, the                        aset. Harga pasar dari tanah yang paling                        price of the land that most closely adjusted for
                masing      bernilai     Rp42.215.459    dan                              revaluation value of land and NJOP owned by
                Rp5.906.576. Pada tanggal 31 Desember                                     the Bank was Rp41,432,265 and Rp5,409,575                        mendekati disesuaikan dengan perbedaan                          differences in the primary attributes such as
                2023, nilai buku tanah dan NJOP                                           respectively. On November 1, 2024, a partial                     atribut utama seperti ukuran aset, lokasi dan                   asset size, location and usage of assets. The
                bangunan yang dimiliki Bank masing-                                       registration of land located at Jl. Jenderal                     penggunaan aset. Input yang paling signifikan                   most significant input in this assessment
                masing      sebesar      Rp41.432.265    dan                              Sudirman Kav. 54-55, South Jakarta, was
                Rp5.409.575. Pada tanggal 1 November                                      made, which had previously not been recorded                     dalam pendekatan penilaian ini adalah asumsi                    approach is the assumption of the price per
                2024 telah dilakukan pencatatan sebagian                                  in the Bank’s books, and an increase in land                     harga per meter.                                                meter.
                tanah Jl. Jenderal Sudirman Kav. 54-55,                                   value of Rp241,455 was recognised. On
                Jakarta Selatan yang sebelumnya belum                                     5 December 2024, 16 December 2024 and on
                tercatat dalam pembukuan Bank serta                                       23 December 2024, asset values were                           5. Hak atas tanah diperoleh berdasarkan                       5.   Land rights acquired through Leasehold
                mengakui penambahan nilai tanah sebesar                                   recorded in connection with the transfer of                      Sertifikat Hak Guna Bangunan (“HGB”) yang                       Certificate (“HGB”) that can be renewed will
                Rp241.455. Pada tanggal 5 Desember                                        rights from Building Use Rights to Ownership
                2024, 16 Desember 2024 dan tanggal 23                                     Rights for the asset located at Jl. Tabanas,                     dapat diperbaharui dengan masa yang akan                        expire between 2024 until 2053. Based on
                Desember 2024 terdapat pencatatan nilai                                   Helvetia Timur, Medan City, and the change of                    berakhir antara tahun 2024 sampai tahun                         past experience, the Group believes that they
                aset dalam rangka perubahan hak dari Hak                                  name on the Ownership Rights certificate,                        2053. Mengacu pada praktik di masa lampau,                      can extend the HGB.
                Guna Bangunan menjadi Hak Milik untuk                                     which was previously in an individual’s name,
                aset yang berlokasi di Jl. Tabanas, Helvetia                              to the name of Bank Mandiri for the property at                  Grup        memiliki   keyakinan     dapat
                Timur, Kota Medan, dan Perubahan Nama                                     Jl. M.H Thamrin No. 5, Central Jakarta, with a                   memperpanjang HGB tersebut.
                pada Sertipkat Hak Milik yang sebelumnya                                  total value of Rp422.
                masih atas nama Perorangan menjadi atas
                nama Bank Mandiri untuk Jl. M.H Thamrin                                                                                                 6. Pada tanggal 31 Desember 2024, Bank                        6.   As of 31 December 2024, the Bank has
                No. 5, Jakarta Pusat, dengan total nilai                                                                                                   Mandiri telah mengasuransikan aset tetap                        insured its fixed assets (excluding land rights,
                keseluruhan sebesar Rp422.
                                                                                                                                                           (tidak termasuk hak atas tanah, aset dalam                      construction in progress and the right of use
           4.   Nilai tanah Bank berdasarkan model biaya                              4.   The value of land based on cost model as of                     pembangunan dan aset hak guna) untuk                            assets) to cover potential losses against fire,
                pada tanggal 31 Desember 2024 dan                                          31 December 2024 and 2023 amounted to                           menutupi kemungkinan kerugian terhadap                          theft and natural disaster to PT Asuransi
                2023 adalah masing-masing sebesar                                          Rp6,397,188 and Rp5,728,045, respectively.
                Rp6.397.188 dan Rp5.728.045.                                                                                                               risiko kebakaran, pencurian dan bencana                         Wahana Tata, PLN Insurance, PT Asuransi
                                                                                                                                                           alam kepada PT Asuransi Wahana Tata, PLN                        Cakrawala Proteksi, PT Asuransi Astra Buana,
                Tabel di bawah ini menyajikan instrumen                                    The table below presents non-financial                          Insurance, PT Asuransi Cakrawala Proteksi,                      and PT Asuransi Umum Mega are all third-
                non-keuangan yang diakui pada nilai wajar                                  instruments recognised at fair value based on
                berdasarkan hierarki yang digunakan Bank                                   the hierarchy used by the Bank to determine                     PT Asuransi Astra Buana, dan PT Asuransi                        party entities, while PT Asuransi Kredit
                untuk menentukan dan mengungkapkan nilai                                   and disclose the fair value of non-financial                    Umum Mega, keseluruhannya adalah pihak                          Indonesia, PT Asuransi Tugu Pratama
                wajar dari instrumen non-keuangan:                                         instruments:
                                                                                                                                                           ketiga, PT Asuransi Kredit Indonesia, PT                        Indonesia, PT Asuransi Jasa Raharja Putera,
                (i)   Tingkat 1: Dikutip dari harga pasar aktif                            (i)  Level 1: Quoted prices on active markets                   Asuransi Tugu Pratama Indonesia, PT                             and PT BRI Asuransi Indonesia are related
                      untuk aset atau liabilitas yang identik;                                  for identical assets or liabilities;                       Asuransi Jasa Raharja Putera, dan PT BRI                        parties, with the total insured value amounting
                (ii) Tingkat 2: Teknik valuasi dimana                                      (ii) Level 2: Valuation technique in which all
                      seluruh input yang memiliki efek                                          inputs which have a significant effect on                  Asuransi Indonesia, keseluruhannya adalah                       to    approximately      Rp11,532,100    (2023:
                      signifikan terhadap nilai wajar yang                                      the recorded fair value are observable,                    pihak    berelasi,   dengan    nilai  jumlah                    Rp12,577,853). Management believes that the
                      tercatat dapat diobservasi baik secara                                    either directly or indirectly;                             pertanggungan         asuransi       berkisar                   coverage value is adequate to cover potential
                      langsung atau tidak langsung;
                (iii) Tingkat 3: Teknik valuasi dimana                                     (iii) Level 3: Valuation techniques in which all                Rp11.532.100       (2023:     Rp12.577.853).                    losses that may occur on the insured fixed
                      seluruh input yang memiliki efek                                           inputs have a significant effect on the                   Manajemen      berpendapat     bahwa     nilai                  assets. The fixed assets that have been fully
                      signifikan terhadap nilai wajar yang                                       recorded fair value that cannot be                        pertanggungan tersebut telah memadai untuk                      depreciated but are still used by Bank Mandiri
                      tercatat tidak dapat diobservasi dari data                                 observed from market data.
                      pasar.                                                                                                                               menutupi kemungkinan kerugian yang terjadi                      include office machines, printing equipment,
                                                                                                                                                           atas aset tetap yang dipertanggungkan. Aset                     office equipment, and housing
                                                                              2024
                                                                                                                                                           tetap yang telah terdepresiasi penuh namun
                                              Tingkat 1/        Tingkat 2/           Tingkat 3/       Nilai wajar/
                                               Level 1           Level 2              Level 3         Fair value                                           masih digunakan oleh Bank Mandiri antara
                                                                                                                                                           lain berupa mesin-mesin kantor, peralatan
                Tanah                                      -      42.215.459                      -     42.215.459                      Land
                                                                                                                                                           percetakan, peralatan kantor dan perumahan.
                                                                              2023
                                              Tingkat 1/        Tingkat 2/           Tingkat 3/       Nilai wajar/                                      7.   Manajemen berpendapat tidak terdapat                     7.   Management believes that there is no
                                               Level 1           Level 2              Level 3         Fair value
                                                                                                                                                             indikasi penurunan nilai atas aset tetap                      indication on impairment of fixed assets as of
                Tanah                                      -     41.432.265                       -     41.432.265                      Land                 tanggal 31 Desember 2024 dan 2023.                            31 December 2024 and 2023.




PT BANK MANDIRI (PERSERO) TBK                                  1488          209                                                                                                                            1489
                                                                                                                                                                                                               210                                   ANNUAL REPORT 2024
Page 467
         FINANCIAL STATEMENTS 2024


                                               PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                       PT BANK MANDIRI (PERSERO) Tbk.
                                          DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                             DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                               NOTES TO THE CONSOLIDATED                                     CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                      FINANCIAL STATEMENTS                                   KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                      31 DECEMBER 2024 AND 2023                                  31 DESEMBER 2024 DAN 2023                                                                  31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                             (Expressed in millions of Rupiah, unless otherwise stated)                           (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)         (Expressed in millions of Rupiah, unless otherwise stated)

19. ASET TAKBERWUJUD                                                             19. INTANGIBLE ASSETS                                                                    20. ASET LAIN-LAIN                                             20. OTHER ASSETS
                                                                  31 Desember 2024/ 31 December 2024
                                                                                                            Pengalihan
                                                                                                                                                                                                                               2024                 2023
                                                                                                          pengendalian
                                   Saldo
                                   awal/
                                                                                                           atas entitas
                                                                                                          anak/Control
                                                                                                                               Saldo
                                                                                                                               akhir/
                                                                                                                                                                              Rupiah                                                                                                           Rupiah
                                 Beginning       Penambahan/      Pengurangan/        Reklasifikasi/       transfer of a      Ending                                           Pendapatan yang masih akan
                                  balance          Additions       Deductions        Reclassifications      subsidiary        balane                                              diterima                                       8.219.344           7.560.683                        Accrued income
     Nilai Perolehan                                                                                                                                            At cost
                                                                                                                                                                               Piutang transaksi                                                                         Receivables from customer
        Perangkat lunak            9.952.179            345.015                  -             881.757           (53.943)      11.125.008                   Software             nasabah                                         3.360.582           2.951.299                          transactions
        Goodwill
        Aset brand Yokke
                                     787.466
                                      81.706
                                                              -
                                                              -
                                                                                 -
                                                                                 -
                                                                                                     -
                                                                                                     -
                                                                                                                (268.180)
                                                                                                                       -
                                                                                                                                  519.286
                                                                                                                                   81.706
                                                                                                                                                            Goodwill
                                                                                                                                               Yokke brand assets
                                                                                                                                                                               Tagihan terkait dengan                                                                         Receivables related to
        Aset dalam pembangunan     2.847.720          2.057.330                  -            (881.757)           (6.141)       4.017.152   Construction in progress             transaksi ATM dan                                                                            ATM and credit card
                                  13.669.071          2.402.345                  -                   -          (328.264)      15.743.152                                        kartu kredit                                    2.270.706           7.379.308                          transactions
                                                                                                                                                                               Aset ijarah                                       2.221.850           2.190.107                            Ijarah assets
     Akumulasi amortisasi                                                                                                                Accumulated amortisation              Uang muka                                         1.068.764             825.973                      Advance payment
       Perangkat lunak             7.737.085            933.969                  -                   -            (41.705)      8.629.349              Software                Agunan yang diambil alih                            998.294           1.112.684                   Repossesed assets
       Aset brand Yokke               57.388             11.672                  -                   -                  -          69.060    Yokke brand assets                Tagihan kepada pemerintah                           474.781             461.273        Receivables from government
                                   7.794.473            945.641                  -                   -            (41.705)      8.698.409                                      Aset dari unit-link                                 435.239             228.088                  Assets from unit-link
                                                                                                                                                                               Biaya akuisisi kontrak asuransi                                                           Deferred insurance contract
     Nilai buku neto                                                                                                                                 Net book value              yang ditangguhkan                                   422.242           489.877                        acquisition fee
        Perangkat lunak
        Goodwill
                                                                                                                                2.495.659
                                                                                                                                  519.286
                                                                                                                                                          Software
                                                                                                                                                          Goodwill
                                                                                                                                                                               Tagihan kepada pemegang polis                         415.935           296.989      Receivables from policyholders
        Aset brand Yokke                                                                                                           12.646    Yokke brand assets                Tagihan biaya kredit dan                                                                  Receivables from credit and
        Aset dalam pembangunan                                                                                                  4.017.152 Construction in progress               trade finance                                       365.031           322.675                    trade finance fee
                                                                                                                                7.044.743                                      Piutang reasuransi dan                                                                  Reinsurance and coinsurance
                                                                                                                                                                                  koasuransi                                         334.015           279.478                           receivables
                                                                                       2023                                                                                    Piutang ijarah                                        188.361           218.400                      Ijarah receivables
                                           Saldo                                                                              Saldo                                            Setoran jaminan yang dibayarkan                       165.963           154.428                Security deposits paid
                                           awal/                                                                              akhir/                                           Penjualan efek-efek yang masih                                                              Receivables from sales of
                                         Beginning
                                          balance
                                                             Penambahan/
                                                               Additions
                                                                                 Pengurangan/
                                                                                  Deductions
                                                                                                      Reklasifikasi/
                                                                                                     Reclassifications
                                                                                                                             Ending
                                                                                                                             balance
                                                                                                                                                                                  akan diterima                                      150.277           568.178               marketable securities
                                                                                                                                                                               Perlengkapan kantor                                    93.991           137.248                          Office supplies
     Nilai perolehan                                                                                                                                          At cost          Properti terbengkalai                                  80.629            80.737                Abandoned properties
        Perangkat lunak                         9.060.895           322.542                     -             568.742           9.952.179                 Software             Piutang management fee                                 79.850            79.565          Management fee receivables
        Goodwill                                  787.466                 -                     -                   -             787.466                 Goodwill
        Aset brand Yokke                           59.334                 -                     -              22.372              81.706    Yokke brand assets                Aset reasuransi                                        50.057           111.904                   Reinsurance assets
        Aset dalam pembangunan                  1.804.345         1.612.117                     -            (568.742)          2.847.720 Construction in progress             Tagihan spot                                           24.770             2.896                        Spot receivables
                                               11.712.040         1.934.659                     -              22.372          13.669.071                                      Tagihan terkait dengan                                                                         Receivables related to
                                                                                                                                                                                  transaksi remittance                                 220                 242             remittance transactions
     Akumulasi amortisasi                                                                                                                 Accumulated amortisation
                                                                                                                                                                               Lain-lain                                         5.092.665           3.682.333                                   Others
       Perangkat lunak                          6.595.087         1.141.998                     -                   -           7.737.085               Software
       Aset brand Yokke                            23.344            11.672                     -              22.372              57.388     Yokke brand assets               Total                                            26.513.566          29.134.365                                    Total
                                                6.618.431         1.153.670                     -              22.372           7.794.473                                     Mata uang asing                                                                                       Foreign currencies
                                                                                                                                                                               Term Deposits Valas                                                                          Foreign Exchange Term
     Nilai buku neto                                                                                                                                 Net book value               Devisa Hasil Ekspor                            3.862.800           3.718.376     Deposits from Export Activities
        Perangkat lunak
        Goodwill
                                                                                                                                2.215.094
                                                                                                                                  787.466
                                                                                                                                                          Software
                                                                                                                                                          Goodwill
                                                                                                                                                                               Pendapatan yang masih akan                                                                             Accrued income
        Aset brand Yokke                                                                                                           24.318    Yokke brand assets                   diterima (Catatan 62.B.(iv))                   2.703.729           2.697.497                      (Note 62.B.(iv))
        Aset dalam pembangunan                                                                                                  2.847.720 Construction in progress             Aset ijarah                                         900.405                   -                            Ijarah assets
                                                                                                                                5.874.598                                      Tagihan atas obligasi pemerintah                                                       Receivables from government
                                                                                                                                                                                  yang diagunkan                                                                       bonds pledged as collateral
                                                                                                                                                                                  (Catatan 62.B.(iv))                                802.754         1.391.944                      (Note 62.B.(iv))
     Perangkat lunak diamortisasi selama umur ekonomis                                 Software is amortised over its economic useful life,                                    Tagihan biaya kredit dan                                                                 Receivables from credit and
     yaitu 5 tahun (Catatan 2.r.i).                                                    which is 5 years (refer to Note 2.r.i).                                                    trade finance                                      104.111            80.347                    trade finance fee
                                                                                                                                                                               Tagihan terkait dengan transaksi                                                               Receivables related to
                                                                                                                                                                                  remittance                                          29.262           902.023             remittance transactions
     Pada tanggal 31 Desember 2024 dan 2023, termasuk                                  As of 31 December 2024 and 2023, included in                                            Setoran jaminan yang dibayarkan                        27.327            25.225                Security deposits paid
     dalam aset takberwujud adalah aset brand Yokke dari                               intangible assets is the Yokke brand assets from                                        Piutang reasuransi dan                                                                 Reinsurance and coinsurance
     Entitas Anak PT Mandiri Capital Indonesia (MCI)                                   Subsidiary, namely PT Mandiri Capital Indonesia (MCI)                                      koasuransi                                           8.848               8.440                         receivables
     senilai Rp12.646 dan Rp24.318 (neto setelah                                       amounted to Rp12,646 and Rp24,318 (net -                                                Piutang transaksi                                                                         Receivables from customer
     akumulasi amortisasi) diamortisasi selama umur                                    accumulated amortisation) amortised over its economic                                      nasabah                                                                                              transactions
     ekonomis 7 tahun dengan metode garis lurus.                                       useful life of 7 years using the straight-line method.                                     (Catatan 62.B.(iv))                                  8.063            17.837                      (Note 62.B.(iv))
                                                                                                                                                                               Uang muka                                               6.319             6.945                     Advance payment
     Pada tanggal 31 Desember 2024 dan 2023, aset                                      As of 31 December 2024 and 2023, construction in                                        Penjualan efek-efek yang                                                                   Receivables from sales of
     dalam     pembangunan    masing-masing    sebesar                                 progress for software amounted to Rp4,017,152 and                                          masih akan diterima                                                                        marketable securities
     Rp4.017.152 dan Rp2.847.720. Estimasi persentase                                  Rp2,847,720, respectively. The estimated percentage                                        (Catatan 62.B.(iv))                                  5.352               2.533                   (Note 62.B.(iv))
     tingkat penyelesaian perangkat lunak pada tanggal                                 of completion of software as of 31 December 2024 was                                    Tagihan terkait dengan transaksi                                                         Receivables related to ATM
     31 Desember 2024 adalah berkisar 5,00% - 85,00%                                   ranging between 5.00%- 85.00% (2023: 5.00% -                                               ATM dan kartu kredit                                                               transactions and credit card
     (2023: 5,00% - 85,00%).                                                           85.00%).                                                                                   (Catatan 62.B.(iv))                                  1.172                 85                    (Note 62.B.(iv))
                                                                                                                                                                               Tagihan spot                                              339                  -                      Spot receivables
     Goodwill merupakan nilai selisih antara nilai                                     Goodwill arises from the difference between the cost of                                 Tagihan kepada pemegang polis                                                        Receivables from policyholders
     perolehan dan nilai wajar dari aset bersih yang                                   acquisition with the fair value of Subsidiaries assets                                     (Catatan 62.B.(iv))                                    9                   8                     (Note 62.B.(iv))
     diakuisisi. Pada tanggal 31 Desember 2024 dan 2023                                acquired. As of 31 December 2024 and 2023                                               Lain-lain                                         3.956.375           1.489.116                                  Others
     senilai Rp519.286 dan Rp787.466. Secara berkala,                                  amounting to Rp519,286 and Rp787,466, respectively.
     goodwill dievaluasi terhadap penurunan nilai. Nilai                               Goodwill is assessed regularly for impairment. The                                       Total                                           12.416.865          10.340.376                                 Total
     terpulihkan    Goodwill     ditentukan   berdasarkan                              recoverable amount was determined based on value in                                                                                      38.930.431          39.474.741
     perhitungan nilai pakai menggunakan model arus kas                                use using a discounted cash flow model. The value is                                    Dikurangi: penyisihan lainnya                    (1.587.650)         (1.596.320)                Less: other allowances
     terdiskonto. Nilai terpulihkan tersebut dikategorikan                             within the category of fair value measurement level 3.
     berada dalam kategori pengukuran nilai wajar level 3.                             Certain key assumptions used in the value in use as at                                  Neto                                             37.342.781          37.878.421                                     Net
     Asumsi kunci yang digunakan dalam perhitungan nilai                               31 December 2024 are Growth Rate (3% - 3.81%) and
     pakai pada tanggal 31 Desember 2024 adalah tingkat                                discount rate (CAPM) (9.86% - 10.76%).
     pertumbuhan (3% - 3,81%) dan tingkat diskonto
     (CAPM) (9,86% - 10,76%).



PT BANK MANDIRI (PERSERO) TBK                                      1490              211                                                                                                                                               1491
                                                                                                                                                                                                                                          212                                   ANNUAL REPORT 2024
Page 468
        FINANCIAL STATEMENTS 2024


                                          PT BANK MANDIRI (PERSERO) Tbk.                                                                                                           PT BANK MANDIRI (PERSERO) Tbk.
                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                 DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED                CATATAN ATAS LAPORAN KEUANGAN                                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS              KONSOLIDASIAN                                                                                               FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                  31 DECEMBER 2024 AND 2023             31 DESEMBER 2024 DAN 2023                                                                               31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)         (Expressed in millions of Rupiah, unless otherwise stated)      (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                      (Expressed in millions of Rupiah, unless otherwise stated)

20. ASET LAIN-LAIN (lanjutan)                                   20. OTHER ASSETS (continued)                                     20. ASET LAIN-LAIN (lanjutan)                                                20. OTHER ASSETS (continued)
                                                                                                                                         Pada tanggal 31 Desember 2024 dan 2023, penjualan                         As of 31 December 2024 and 2023, receivables from
     Pendapatan yang masih akan diterima terdiri dari              Accrued income consist of interest accrued from                       efek-efek yang masih akan diterima merupakan                              sales of marketable securities are receivables from sale
     bunga yang masih akan diterima dari penempatan,               placement, marketable securities, government bonds,                   tagihan yang timbul dari transaksi penjualan efek-efek                    of marketable securities transaction with maturity date
     efek-efek, obligasi pemerintah, kredit yang diberikan,        loans, others receivables - trade transactions and                    yang jatuh tempo penyelesaiannya masing-masing                            on 3 January 2025 dan 2 January 2024, respectively.
                                                                                                                                         pada tanggal 3 Januari 2025 dan 2 Januari 2024.
     tagihan lainnya - transaksi perdagangan serta provisi         accrued fees and commissions.
     dan komisi yang masih akan diterima.                                                                                                Lain-lain terutama terdiri dari rekening antar kantor,                    Others mainly consist of inter-office accounts, various
                                                                                                                                         berbagai macam tagihan dari transaksi kepada pihak                        form of receivables from transaction with third parties,
     Term Deposits Valas Devisa Hasil Ekspor merupakan             Foreign Exchange Term Deposits from Export Activities                 ketiga dalam rangka transaksi, antara lain transaksi                      including clearing transactions and others.
                                                                                                                                         kliring dan lain-lain.
     suatu instrumen dimana dana devisa hasil ekspor dari          is an instrument where foreign exchange proceeds from
     rekening khusus eksportir ditempatkan pada Bank               exporters’ special account are placed in Bank                         Mutasi penyisihan kerugian aset lain-lain adalah                          Movement of allowance for impairment losses of other
     Indonesia melalui rekening Bank sesuai mekanisme              Indonesia through Bank’s accounts according to with                   sebagai berikut:                                                          assets are as follows:
     pasar.                                                        market mechanisms.
                                                                                                                                                                                                    2024                  2023
     Piutang transaksi nasabah terutama merupakan                  Receivables from customer transactions mainly consist
     piutang yang timbul dari transaksi perdagangan efek           of receivables arising from securities transactions of                Saldo awal tahun                                             1.596.320             1.746.417                          Beginning balance
                                                                                                                                         Penyisihan/(pembalikan) selama                                                                                Allowance/(reversal) during
     Entitas Anak. Pada tanggal 31 Desember 2024 dan               Bank’s Subsidiaries. As of 31 December 2024 and                         tahun berjalan (Catatan 47)                                    2.906              (153.700)                       the year (Note 47)
     2023, termasuk di dalam piutang transaksi nasabah             2023, included in receivables from customer                           Lain-lain*)                                                    (11.576)                3.603                                     Others*)
     adalah piutang yang mengalami penurunan nilai                 transactions is an impaired portfolio amounted to
     masing-masing sebesar Rp10.003 dan Rp10.003.                  Rp10,003 and Rp10,003, respectively.                                  Saldo akhir tahun                                            1.587.650             1.596.320                                Ending balance
                                                                                                                                    *)
                                                                                                                                         Termasuk selisih kurs karena penjabaran mata uang asing.                                   *)
                                                                                                                                                                                                                                         Included effect of foreign currencies translation.
     Tagihan terkait dengan transaksi ATM dan kartu                Receivables related to ATM and credit card
     kredit terdiri dari tagihan atas transaksi ATM dalam          transactions consists of receivable arising from ATM                  Manajemen berpendapat bahwa total penyisihan                              Management believes that the allowance                              for
     jaringan ATM Bersama, Prima dan Link dan tagihan              transactions within ATM Bersama, Prima and Link                       kerugian aset lain-lain telah memadai.                                    impairment losses of other assets is adequate.
     atas Visa, Master Card dan JCB untuk transaksi kartu          network as well as receivables from Visa, Master Card
     kredit.                                                       and JCB as a result of credit card transactions.              21. SIMPANAN NASABAH - GIRO DAN GIRO WADIAH                                  21. DEPOSITS FROM CUSTOMERS - DEMAND
                                                                                                                                                                                                                  DEPOSITS AND WADIAH DEMAND DEPOSITS
     Aset ijarah merupakan objek sewa dari transaksi               Ijarah assets are lease assets from ijarah transaction,
     ijarah, ijarah multijasa dan ijarah muntahiyah bittamlik      ijarah multiservices, and ijarah muntahiyah bittamlik                 a.   Berdasarkan mata uang, pihak berelasi dan pihak                      a.   By currency, related parties and third parties:
                                                                                                                                              ketiga:
     (“IMBT”) dari Entitas Anak.                                   (“IMBT”) from Subsidiary.
                                                                                                                                                                                                    2024                  2023
     Aset dari unit-link terkait dengan transaksi piutang          Assets from unit-link is related to receivables from
     portofolio efek dari kontrak unit-link, dari reksa dana       securities portfolio transactions of unit-link contracts in                Rupiah                                                                                                                       Rupiah
     kepada Entitas Anak.                                          Subsidiary’s mutual fund.                                                    Pihak berelasi (Catatan 56)                          83.315.577           95.956.127                   Related parties (Note 56)
                                                                                                                                                Pihak ketiga                                        298.624.406          270.787.431                                Third parties
     Tagihan atas obligasi pemerintah yang diagunkan               Receivables from government bonds pledged as
                                                                                                                                              Total                                                 381.939.983          366.743.558                                                 Total
     merupakan tagihan terkait transaksi repo to maturity          collateral represent receivables related repo to maturity
     dengan pihak ketiga, dimana Bank Mandiri                      transactions with third parties. Bank Mandiri has
     mengalihkan obligasi pemerintah ROI 24 dengan nilai           transferred Goverment Bonds ROI 24 with nominal                            Mata uang asing                                                                                                  Foreign currencies
     nominal sebesar USD40.940.000 (nilai penuh) dan               value of USD40,940,000 (full amount) and ROI 25 with                        Pihak berelasi (Catatan 56)                           70.839.895           70.681.705                   Related parties (Note 56)
                                                                                                                                               Pihak ketiga                                         115.796.131          114.933.893                                Third parties
     ROI 25 dengan nilai nominal sebesar USD50.000.000             nominal value of USD50,000,000 (full amount) and
     (nilai penuh) dan kemudian mencatat tagihan sebesar           recorded receivables equivalent to the market value of
     nilai pasar (market value) dari ROI 24 dan ROI 25             ROI 24 and ROI 25. The receivables will be settled at                      Total (Catatan 62.B.(iv))                             186.636.026          185.615.598                           Total (Note 62.B.(iv))
     tersebut. Tagihan ini akan diselesaikan secara neto           net basis with settlement of Bank’s liabilities to the
                                                                                                                                                                                                    568.576.009          552.359.156
     dengan penyelesaian liabilitas Bank Mandiri kepada            counterparty amounted to USD31,270,000 (full
     counterparty, sebesar USD31.270.000 (nilai penuh)             amount) due on 15 January 2024 and USD34,782,000
     pada tanggal jatuh tempo 15 Januari 2024 dan                  (full amount) due on 15 January 2025 (Note 36e).                           Termasuk di dalam saldo simpanan giro                                     Included in demand deposits are wadiah demand
     USD34.782.000 (nilai penuh) pada tanggal jatuh                                                                                           adalah giro wadiah masing-masing sebesar                                  deposits amounted to Rp19,147,079 and
                                                                                                                                              Rp19.147.079 dan Rp20.847.524 pada tanggal                                Rp20,847,524 as of 31 December 2024 and 2023,
     tempo 15 Januari 2025 (Catatan 36e).                                                                                                     31 Desember 2024 dan 2023.                                                respectively.

     Biaya akuisisi kontrak asuransi yang ditangguhkan             Deferred insurance contract acquisition fee consists of               b.   Tingkat suku bunga rata-rata (cost of funds) dan                     b.   Average interest rates (cost of funds) and range of
     terdiri dari biaya akuisisi untuk produk asuransi unit        deferred acquisition cost of unit link back end loading                    kisaran bagi hasil selama tahun berjalan:                                 profit sharing per annum:
     link back end loading dan unit link hybrid yang               and unit link hybrid insurance product and was                             Tingkat suku bunga rata-rata (cost of funds) per                          Average interest rates (cost of funds) per annum:
     ditangguhkan dan diamortisasi dengan metode garis             amortised with straight-line method from Subsidiaries.                     tahun:
     lurus dari Entitas Anak.
                                                                                                                                                                                                    2024                  2023
     Tagihan kepada pemegang polis merupakan tagihan               Receivables from policyholders represent receivables
     Entitas Anak kepada pemegang polis atas premi                 from the Subsidiary’s to its policyholders related to                      Rupiah                                                       2,71%                 2,64%                                  Rupiah
     produk non unit-link pemegang polis.                          premium of non unit-link products.                                         Mata uang asing (disetarakan                                                                     Foreign currencies (equivalent to
                                                                                                                                                dalam Rupiah)                                              2,71%                 1,95%                               Rupiah)




PT BANK MANDIRI (PERSERO) TBK                          1492      213                                                                                                                                       1493
                                                                                                                                                                                                              214                                             ANNUAL REPORT 2024
Page 469
          FINANCIAL STATEMENTS 2024


                                                PT BANK MANDIRI (PERSERO) Tbk.                                                                                                  PT BANK MANDIRI (PERSERO) Tbk.
                                           DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                        DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED                  CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS                KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                     31 DECEMBER 2024 AND 2023               31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)        (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)        (Expressed in millions of Rupiah, unless otherwise stated)

21. SIMPANAN NASABAH - GIRO DAN GIRO WADIAH                        21. DEPOSITS FROM CUSTOMERS - DEMAND                               23. SIMPANAN NASABAH - DEPOSITO BERJANGKA                     23. DEPOSITS FROM CUSTOMERS - TIME DEPOSITS
    (lanjutan)                                                         DEPOSITS AND WADIAH DEMAND DEPOSITS
                                                                       (continued)                                                        a.   Berdasarkan mata uang, pihak berelasi dan pihak           a.   By currencies, related parties and third parties:
                                                                                                                                               ketiga:
     b.    Tingkat suku bunga rata-rata (cost of funds) dan             b.   Average interest rates (cost of funds) and range of
           kisaran bagi hasil selama tahun berjalan                          profit sharing per annum (continued):                                                                          2024                2023
           (lanjutan):
                                                                                                                                               Rupiah                                                                                                      Rupiah
           Kisaran bagi hasil giro wadiah per tahun:                         Range of profit sharing per annum on wadiah                         Pihak berelasi (Catatan 56)                42.079.860          32.303.541             Related parties (Note 56)
                                                                             demand deposits:                                                    Pihak ketiga                              216.319.776         226.435.645                          Third parties

                                                         2024                  2023                                                            Total                                       258.399.636         258.739.186                                        Total

           Rupiah                                      0,02% - 0,04%         0,02% - 0,03%                                Rupiah               Mata uang asing                                                                                 Foreign currencies
           Mata uang asing (disetarakan                                                          Foreign currencies (equivalent to              Pihak berelasi (Catatan 56)                 11.410.438           2.549.440             Related parties (Note 56)
             dalam Rupiah)                             0,00% - 0,00%         0,00% - 0,00%                             Rupiah)                  Pihak ketiga                                27.657.078          28.508.878                          Third parties

     c.    Giro yang dibekukan dan diblokir sebagai                     c.    As of 31 December 2024 and 2023, demand                          Total (Catatan 62.B.(iv))                    39.067.516          31.058.318                    Total (Note 62.B.(iv))
           jaminan atas bank garansi, kredit yang diberikan,                  deposits pledged as collateral and blocked for
           fasilitas pembayaran transaksi perdagangan                         bank guarantees, loans and trade finance facilities                                                          297.467.152         289.797.504
           (letter of credit yang tidak dapat dibatalkan) dan                 (irrevocable letter of credits) and for other
           untuk tujuan lain pada tanggal 31 Desember                         purposes were amounted to Rp18,754,987 and
           2024 dan 2023 adalah masing-masing sebesar                         Rp24,664,786, respectively (Notes 12B.c and                 b.   Berdasarkan jangka waktu:                                 b.   By period:
           Rp18.754.987 dan Rp24.664.786 (Catatan 12B.c                       31d).
           dan 31d).                                                                                                                                                                        2024                2023
                                                                                                                                               Rupiah                                                                                                      Rupiah
22. SIMPANAN NASABAH                   -    TABUNGAN     DAN       22. DEPOSITS FROM     CUSTOMERS    -  SAVING                                  1 bulan                                   125.080.320         128.782.455                              1 month
    TABUNGAN WADIAH                                                    DEPOSITS AND WADIAH SAVING DEPOSITS                                       3 bulan                                   111.627.281         103.855.624                             3 months
                                                                                                                                                 6 bulan                                    15.653.274          18.084.274                             6 months
     a.    Berdasarkan mata uang, jenis, pihak berelasi dan             a.   By currency, type, related parties and third parties:               12 bulan                                    5.771.551           7.837.545                            12 months
           pihak ketiga:                                                                                                                         Lebih dari 12 bulan                           267.210             179.288                       Over 12 months
                                                         2024                  2023                                                            Total                                       258.399.636         258.739.186                                        Total
           Rupiah                                                                                                       Rupiah                 Mata uang asing                                                                                   Foreign currencies
             Pihak berelasi (Catatan 56)                                                  Related parties (Note 56)
               Tabungan Mandiri                            4.218.315            3.749.398          Mandiri Saving Deposits                      1 bulan                                     17.434.547          14.560.090                               1 month
             Pihak ketiga                                                                                        Third parties                  3 bulan                                     16.970.873          11.394.345                              3 months
               Tabungan Mandiri                         516.469.456           453.344.562          Mandiri Saving Deposits                      6 bulan                                      3.132.020           3.590.857                              6 months
               Tabungan Mandiri Haji                     14.499.671            12.545.926     Hajj Mandiri Saving Deposits                      12 bulan                                     1.418.262           1.378.351                             12 months
                                                                                                                                                Lebih dari 12 bulan                            111.814             134.675                       Over 12 months
           Total                                        535.187.442           469.639.886                                     Total
                                                                                                                                               Total (Catatan 62.B.(iv))                    39.067.516          31.058.318                    Total (Note 62.B.(iv))
           Mata uang asing                                                                                    Foreign currencies
            Pihak berelasi (Catatan 56)                                                               Related parties (Note 56)                                                            297.467.152         289.797.504
               Tabungan Mandiri                            2.120.728             3.791.143          Mandiri Saving Deposits
            Pihak ketiga                                                                                          Third parties
               Tabungan Mandiri                           42.883.626            35.860.460           Mandiri Saving Deposits              c.   Berdasarkan sisa waktu hingga jatuh tempo:                c.   By remaining period to maturity date:

           Total (Catatan 62.B.(iv))                      45.004.354            39.651.603                Total (Note 62.B.(iv))
                                                                                                                                                                                            2024                2023
                                                        580.191.796           509.291.489
                                                                                                                                               Rupiah                                                                                                      Rupiah
                                                                                                                                                 Kurang dari 1 bulan                       150.248.312         153.424.600                    Less than 1 month
           Termasuk di dalam saldo simpanan tabungan                         Included in saving deposits were wadiah saving                      1 - 3 bulan                                94.725.742          90.487.979                          1 - 3 months
           adalah tabungan wadiah masing-masing sebesar                      deposits amounted to Rp55,280,067 and                               3 - 6 bulan                                10.011.364          10.675.783                          3 - 6 months
           Rp55.280.067 dan Rp47.026.374 pada tanggal                        Rp47,026,374 as of 31 December 2024 and 2023,                       6 - 12 bulan                                2.888.202           3.705.690                        6 - 12 months
           31 Desember 2024 dan 2023.                                        respectively.                                                      Lebih dari 12 bulan                            526.016             445.134                      Over 12 months
     b.    Tingkat suku bunga rata-rata (cost of funds) per             b.   Average interest rates (cost of funds) per annum:                 Total                                       258.399.636         258.739.186                                        Total
           tahun:
                                                                                                                                               Mata uang asing                                                                                  Foreign currencies
                                                         2024                  2023                                                             Kurang dari 1 bulan                         20.403.876          18.770.698                    Less than 1 month
                                                                                                                                                1 - 3 bulan                                 10.285.895           8.360.787                          1 - 3 months
           Rupiah                                               0,48%                 0,50%                               Rupiah
           Mata uang asing (disetarakan                                                          Foreign currencies (equivalent to              3 - 6 bulan                                  7.722.335           3.304.332                          3 - 6 months
             dalam Rupiah)                                      0,17%                 0,18%                            Rupiah)                  6 - 12 bulan                                   574.749             474.879                        6 - 12 months
                                                                                                                                                Lebih dari 12 bulan                             80.661             147.622                      Over 12 months
     c.    Pada tanggal 31 Desember 2024 dan 2023,                      c.   As of 31 December 2024 and 2023, total saving
           jumlah tabungan yang dibekukan dan diblokir                       deposits pledged as collateral and blocked for                    Total (Catatan 62.B.(iv))                    39.067.516          31.058.318                    Total (Note 62.B.(iv))
           sebagai jaminan atas kredit yang diberikan dan                    loans and other purposes were amounted to
           untuk tujuan lain masing-masing sebesar                           Rp24,905,011 and Rp20,873,344, respectively                                                                   297.467.152         289.797.504
           Rp24.905.011 dan Rp20.873.344 (Catatan                            (Note 12B.c).
           12B.c).



PT BANK MANDIRI (PERSERO) TBK                            1494       215                                                                                                                            1495
                                                                                                                                                                                                      216                                    ANNUAL REPORT 2024
Page 470
          FINANCIAL STATEMENTS 2024


                                             PT BANK MANDIRI (PERSERO) Tbk.                                                                                                      PT BANK MANDIRI (PERSERO) Tbk.
                                        DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                            DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED                     CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS                   KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                   31 DECEMBER 2024 AND 2023                  31 DESEMBER 2024 DAN 2023                                                                  31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)           (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)         (Expressed in millions of Rupiah, unless otherwise stated)


23. SIMPANAN NASABAH - DEPOSITO BERJANGKA                        23. DEPOSITS FROM CUSTOMERS - TIME DEPOSITS                           24. SIMPANAN DARI BANK LAIN - GIRO, GIRO                        24. DEPOSITS FROM OTHER BANKS - DEMAND
                                                                                                                                           WADIAH DAN TABUNGAN (lanjutan)                                  DEPOSITS, WADIAH DEMAND DEPOSITS AND
    (lanjutan)                                                       (continued)                                                                                                                           SAVING DEPOSITS (continued)

     d.    Tingkat suku bunga rata-rata (cost of funds) per           d.   Average interest rates (cost of funds) per annum:               b.   Tingkat suku bunga rata-rata (cost of funds) dan            b.   Average interest rates (cost of funds) and profit
                                                                                                                                                kisaran bagi hasil per tahun:                                    sharing per annum:
           tahun:
                                                                                                                                                                                             2024                  2023
                                                      2024                   2023
                                                                                                                                                Tingkat suku bunga rata-rata                                                                   Average interest rates
                                                                                                                                                  (cost of funds) per tahun:                                                            (cost of funds) per annum:
           Rupiah                                             4,06%                 3,53%                               Rupiah                                                                                                         Demand deposits and wadiah
           Mata uang asing (disetarakan                                                        Foreign currencies (equivalent to                Giro dan giro wadiah                                                                              demand deposits
             dalam Rupiah)                                    3,48%                 3,01%                            Rupiah)                      Rupiah                                            2,71%                 2,64%                             Rupiah
                                                                                                                                                  Mata uang asing (disetarakan                                                    Foreign currencies (equivalent to
                                                                                                                                                    dalam Rupiah)                                   2,71%                 1,95%                          Rupiah)
     e.    Pada tanggal 31 Desember 2024 dan 2023,                    e.   As of 31 December 2024 and 2023, total time
                                                                                                                                                Tabungan                                                                                            Saving deposits
           jumlah deposito berjangka yang dibekukan dan                    deposits pledged as collateral and blocked for                         Rupiah                                            0,47%                 0,50%                            Rupiah
           diblokir sebagai jaminan atas kredit yang                       loans and other purposes were amounted to                              Mata uang asing (disetarakan                                                    Foreign currencies (equivalent to
           diberikan dan untuk tujuan lain masing-masing                   Rp59,484,454 and Rp48,901,417, respectively                              dalam Rupiah)                                   0,17%                 0,18%                         Rupiah)
                                                                                                                                                                                                                                              Range of profit sharing
           sebesar Rp59.484.454 dan Rp48.901.417                           (Note 12B.c).                                                        Kisaran bagi hasil giro wadiah                                                                      per annum for
           (Catatan 12B.c).                                                                                                                       per tahun:                                                                             wadiah demand deposits:
                                                                                                                                                  Rupiah                                 0,70% - 0,73%           0,72% - 0,73%                             Rupiah
                                                                                                                                                  Mata uang asing (disetarakan                                                    Foreign currencies (equivalent to
                                                                                                                                                    dalam Rupiah)                                   0,00%                 0,00%                         Rupiah)
24. SIMPANAN DARI BANK LAIN - GIRO, GIRO                         24. DEPOSITS FROM OTHER BANKS - DEMAND
    WADIAH DAN TABUNGAN                                              DEPOSITS, WADIAH DEMAND DEPOSITS AND
                                                                     SAVING DEPOSITS                                                       c.   Pada tanggal 31 Desember 2024 dan 2023 giro,                c.    As of 31 December 2024 and 2023, total demand
                                                                                                                                                giro wadiah dan tabungan dari bank lain yang                      deposits, wadiah demand deposits and saving
     a.    Berdasarkan mata uang, pihak berelasi dan pihak            a.   By currencies, related parties and third parties:                    menjadi jaminan atas kredit yang diberikan dan                    deposits from other banks pledged as collateral for
           ketiga:                                                                                                                              bank garansi masing-masing sebesar Rp68.570                       loans and bank guarantees were amounted to
                                                                                                                                                dan Rp221.698 (Catatan 12B.c dan 31d).                            Rp68,570 and Rp221,698, respectively (Notes
                                                      2024                   2023                                                                                                                                 12B.c and 31d).

                                                                                                    Demand deposits and wadiah         25. SIMPANAN DARI BANK LAIN - INTER-BANK CALL                   25. DEPOSITS FROM OTHER BANKS - INTER-BANK
           Giro dan giro wadiah                                                                             demand deposits                MONEY                                                           CALL MONEY
              Pihak berelasi (Catatan 56)                                                            Related parties (Note 56)
               Rupiah                                         1.829               13.230                             Rupiah                a.   Berdasarkan mata uang:                                      a.   By currencies:
               Mata uang asing                                                                           Foreign currencies
                  (Catatan 62.B.(iv))                  4.296.812                 170.019                  (Note 62.B.(iv))                                                                   2024                  2023
                                                       4.298.641                 183.249
                                                                                                                                                Pihak berelasi (Catatan 56):                                                               Related parties (Note 56):
               Pihak ketiga                                                                                      Third parties                    Rupiah                                                -              100.000                              Rupiah
                Rupiah                                 2.119.086               2.380.398                            Rupiah                        Mata uang asing                                                                               Foreign currencies
                Mata uang asing                                                                          Foreign currencies                         (Catatan 62.B.(iv))                       1.931.400                       -                (Notes 62.B.(iv))
                  (Catatan 62.B.(iv))                      738.121             2.259.855                  (Note 62.B.(iv))
                                                                                                                                                                                              1.931.400                100.000
                                                       2.857.207               4.640.253
                                                                                                                                                Pihak ketiga:                                                                                          Third parties:
           Total                                       7.155.848               4.823.502                                       Total              Rupiah                                          700.000              215.000                             Rupiah
                                                                                                                                                  Mata uang asing                                                                               Foreign currencies
           Tabungan                                                                                            Saving deposits                      (Catatan 62.B.(iv))                       7.330.154              6.966.896                  (Notes 62.B.(iv))
              Pihak berelasi (Catatan 56)                                                           Related parties (Note 56)
               Rupiah                                           595                    84                           Rupiah                                                                    8.030.154              7.181.896

                                                                595                    84                                                                                                     9.961.554              7.281.896
              Pihak ketiga                                                                                       Third parties
               Rupiah                                  1.933.581               1.869.984                            Rupiah
               Mata uang asing                                                                           Foreign currencies                b.   Berdasarkan sisa waktu hingga jatuh tempo:                  b.   By remaining period to maturity date:
                 (Catatan 62.B.(iv))                             14                    13                 (Note 62.B.(iv))                                                                   2024                  2023
                                                       1.933.595               1.869.997
                                                                                                                                                Rupiah                                                                                                        Rupiah
                                                       1.934.190               1.870.081                                                          Kurang dari 1 bulan                             700.000              315.000                   Less than 1 month

                                                       9.090.038               6.693.583                                                        Mata uang asing                                                                                    Foreign currencies
                                                                                                                                                 Kurang dari 1 bulan                          5.210.063                733.167                   Less than 1 month
                                                                                                                                                 Lebih dari 1 bulan                           4.051.491              6.233.729                       Over 1 month
           Termasuk dalam simpanan dari bank lain - giro                   Included in deposits from other banks - demand
           adalah giro wadiah masing-masing sebesar                        deposits are wadiah demand deposits amounted to                      Total (Catatan 62.B.(iv))                     9.261.554              6.966.896                  Total (Note 62.B.(iv))
           Rp183.864 dan Rp125.337 pada tanggal                            Rp183,864 and Rp125,337, as of 31 December                                                                         9.961.554              7.281.896
           31 Desember 2024 dan 2023.                                      2024 and 2023, respectively.


PT BANK MANDIRI (PERSERO) TBK                        1496         217                                                                                                                               1497
                                                                                                                                                                                                       218                                     ANNUAL REPORT 2024
Page 471
          FINANCIAL STATEMENTS 2024


                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                                PT BANK MANDIRI (PERSERO) Tbk.
                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED                CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS              KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                   31 DECEMBER 2024 AND 2023             31 DESEMBER 2024 DAN 2023                                                                  31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)      (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)         (Expressed in millions of Rupiah, unless otherwise stated)

25. SIMPANAN DARI BANK LAIN - INTER-BANK CALL                    25. DEPOSITS FROM OTHER BANKS - INTER-BANK                       27. LIABILITAS KEPADA PEMEGANG POLIS PADA                       27. LIABILITIES TO UNIT-LINK POLICYHOLDERS
    MONEY (lanjutan)                                                 CALL MONEY (continued)
                                                                                                                                      KONTRAK UNIT-LINK
     c.    Tingkat suku bunga rata-rata (cost of funds) per           c.   Average interest rates (cost of funds) per annum:
           tahun:                                                                                                                     Akun ini merupakan liabilitas Entitas Anak kepada                This account represents Subsidiary’s liabilities to
                                                                                                                                      pemegang polis pada kontrak unit-link Entitas Anak               policyholders on the Subsidiary’s unit-link contracts
                                                      2024                   2023                                                     yang ditempatkan pada investasi unit-link, dengan                placed in unit-link investment with details as follows:
                                                                                                                                      rincian sebagai berikut:
           Rupiah                                             6,22%                 5,96%                              Rupiah                                                          2024                  2023
           Mata uang asing (disetarakan                                                       Foreign currencies (equivalent to
             dalam Rupiah)                                    5,15%                 4,51%                           Rupiah)
                                                                                                                                      Non-syariah                                       27.427.930            28.526.959                           Non-sharia
                                                                                                                                      Syariah                                              584.956               667.743                               Sharia
26. SIMPANAN DARI               BANK   LAIN   -   DEPOSITO       26. DEPOSITS FROM OTHER BANKS - TIME DEPOSITS
    BERJANGKA                                                                                                                                                                           28.012.886            29.194.702
     a.    Berdasarkan mata uang:                                     a.   By currency:
                                                                                                                                      Investasi pemegang polis pada kontrak unit-link di               Underlying assets of the above policyholders’
                                                                                                                                      atas memiliki aset pendasar berupa aset keuangan                 investment in unit-link contracts are financial assets
                                                      2024                   2023                                                     terutama dalam bentuk kas, efek-efek dan obligasi                mainly consist of cash, marketable securities and
                                                                                                                                      pemerintah. Pada tanggal 31 Desember 2024 dan                    government bonds. As of 31 December 2024 and 2023,
           Pihak berelasi (Catatan 56):                                                              Related parties (Note 56)        2023, investasi pemegang polis tersebut dicatat                  the investment of policyholders were recorded to the
             Mata uang asing                                                                             Foreign currencies           sesuai dengan jenis aset keuangan dalam laporan                  related financial assets in the consolidated statements
               (Catatan 62.B.(iv))                         289.710              384.925                   (Note 62.B.(iv))            posisi keuangan konsolidasian.                                   of financial position.
           Pihak ketiga:                                                                                          Third parties
             Rupiah                                    4.735.630                583.710                              Rupiah           Termasuk di dalam investasi pemegang unit-link                   Included in the unit-link policyholders’ investments are
             Mata uang asing                                                                             Foreign currencies           adalah dana pemegang polis dalam mata uang asing                 policyholders’ fund in foreign currency as of
               (Catatan 62.B.(iv))                     2.965.777              2.740.666                   (Note 62.B.(iv))
                                                                                                                                      pada tanggal 31 Desember 2024 dan 2023 masing-                   31 December 2024 and 2023 amounted to
                                                       7.701.407              3.324.376                                               masing sebesar USD244.769.507 (nilai penuh) dan                  USD244,769,507 (full amount) and USD309,102,855
                                                                                                                                      USD309.102.855 (nilai penuh).                                    (full amount), respectively.
           Total                                       7.991.117              3.709.301                                  Total
                                                                                                                                      Rincian   dari    investasi   unit-link  non-syariah             The details of non-sharia unit-link investments based
                                                                                                                                      berdasarkan tipe kontrak adalah sebagai berikut:                 on the type of contracts are as follows:
     b.    Berdasarkan jangka waktu:                                  b.   By period:
                                                                                                                                                                                       2024                  2023
                                                      2024                   2023
           Rupiah                                                                                                      Rupiah          Prime equity                                     11.922.754             9.432.738                           Prime equity
             1 bulan                                   4.492.130                355.810                             1 month            Dynamic money                                     6.499.391             9.208.435                      Dynamic money
             3 bulan                                     202.550                189.950                            3 months            Equity Fund Offshore                              1.766.122             2.218.895                 Equity Fund Offshore
             6 bulan                                      28.200                 25.200                            6 months
             12 bulan                                     12.750                 12.750                           12 months            Progressive money                                 1.291.313             1.585.910                   Progressive money
                                                                                                                                       Attractive money                                  1.114.797             1.606.195                      Attractive money
           Total                                       4.735.630                583.710                                   Total        Secure money                                        920.062               958.580                        Secure money
                                                                                                                                       Mandiri Golden Offshore                             897.399             1.127.380             Mandiri Golden Offshore
           Mata uang asing                                                                                 Foreign currencies          Mandiri Prime Balanced Rupiah                       481.704                     -      Mandiri Prime Balanced Rupiah
            1 bulan                                      740.370                153.970                            1 month             Money market                                        443.056               348.419                         Money market
            3 bulan                                      643.800                538.895                           3 months             Mandiri Equity Money                                432.249               593.340                Mandiri Equity Money
            6 bulan                                    1.227.517              1.616.685                           6 months             Fixed money                                         316.663               326.603                          Fixed money
            12 bulan                                      32.190                      -                          12 months
            Lebih dari 12 bulan                          611.610                816.041                More than 12 months             Balance Fund Offshore                               289.118               482.263               Balance Fund Offshore
                                                                                                                                       Excellent equity                                    187.752               259.702                       Excellent equity
           Total (Catatan 62.B.(iv))                   3.255.487              3.125.591                  Total (Note 62.B.(iv))        Mandiri Money                                                                                           Mandiri Money
                                                                                                                                           Market Optima Rupiah                              180.807                   -             Market Optima Rupiah
                                                       7.991.117              3.709.301                                                Mandiri Fixed Income                                  162.032              41.199                Mandiri Fixed Income
                                                                                                                                       Mandiri Money Market Berkah Rupiah                                                      Mandiri Money Market Berkah
     c.    Tingkat suku bunga rata-rata (cost of funds) per           c.   Average interest rates (cost of funds) per annum:               Class B                                           122.308                   -                    Rupiah Class B
           tahun:                                                                                                                      Mandiri Flexible Equity Offshore                       90.151             103.295      Mandiri Flexible Equity Offshore
                                                                                                                                       Active money                                           74.480              90.686                          Active money
                                                      2024                   2023                                                      Mandiri Fixed                                                                                             Mandiri Fixed
                                                                                                                                           Income Optima Rupiah                               70.857                    -           Income Optima Rupiah
           Rupiah                                             3,77%                 3,41%                              Rupiah          Mandiri Fixed Income Optima                                                             Mandiri Fixed Income Optima
           Mata uang asing (disetarakan                                                       Foreign currencies (equivalent to            Berkah Rupiah                                      47.966                   -                     Berkah Rupiah
             dalam Rupiah)                                    3,81%                 3,01%                           Rupiah)            Protected money                                        41.408              63.606                     Protected money
                                                                                                                                       Mandiri Multi Asset Balanced                                                             Mandiri Multi Asset Balanced
     d.    Pada tanggal 31 Desember 2024 dan 2023,                    d.   As of 31 December 2024 and 2023, time deposits                  Offshore                                           33.782              38.625                            Offshore
           deposito berjangka dari bank lain yang menjadi                  from other banks pledged as collateral for loans            Mandiri Global Offshore                                12.566              20.645              Mandiri Global Offshore
           jaminan atas kredit yang diberikan masing-                      amounted to Rp326,178 and Rp401,803,                        Money Market CS                                        29.193              20.443                    Money Market CS
           masing sebesar Rp326.178 dan Rp401.803                          respectively (Note 12B.c).
           (Catatan 12B.c).
                                                                                                                                                                                        27.427.930            28.526.959



PT BANK MANDIRI (PERSERO) TBK                         1498        219                                                                                                                          1499
                                                                                                                                                                                                  220                                    ANNUAL REPORT 2024
Page 472
        FINANCIAL STATEMENTS 2024


                                         PT BANK MANDIRI (PERSERO) Tbk.                                                                                             PT BANK MANDIRI (PERSERO) Tbk.
                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                   DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED             CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS           KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                31 DECEMBER 2024 AND 2023          31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)       (Expressed in millions of Rupiah, unless otherwise stated)   (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)        (Expressed in millions of Rupiah, unless otherwise stated)


27. LIABILITAS KEPADA PEMEGANG POLIS PADA                     27. LIABILITIES    TO    UNIT-LINK     POLICYHOLDERS          27. LIABILITAS KEPADA PEMEGANG POLIS PADA                     27. LIABILITIES     TO    UNIT-LINK     POLICYHOLDERS
    KONTRAK UNIT-LINK (lanjutan)                                  (continued)                                                   KONTRAK UNIT-LINK (lanjutan)                                  (continued)
     Dynamic money                                               Dynamic money                                                  Excellent equity                                              Excellent equity
     Penempatan dana berbasis ekuitas dengan dasar               This is an equity fund placement with underlying               Penempatan dana berbasis saham dengan dasar                   Placement of stock based fund with underlying
     investasi pada saham yang diperdagangkan di Bursa           investments in stocks listed in Indonesia Stock                investasi pada saham berkapitalisasi kecil (di luar 20        investments in small cap shares (exclude top 20 largest
     Efek Indonesia dan instrumen pasar uang melalui             Exchange and money market instruments through                  saham berkapitalisasi terbesar) di Bursa Efek                 capitalisation shares) listed in Indonesia Stock
     Reksa Dana Schroder Dana Prestasi Dinamis.                  Schroder Dana Prestasi Dinamis Mutual Fund.                    Indonesia dan instrumen pasar uang melalui Reksa              Exchange and money market instruments through
                                                                                                                                Dana Mandiri Dynamic Equity.                                  Mandiri Dynamic Equity Mutual Fund.
     Prime equity                                                Prime Equity
     Penempatan dana berbasis kombinasi dengan dasar             Placement of funds based on combination with the
     investasi saham yang diperdagangkan di Bursa Efek           investment in stocks listed in Indonesia Stock                 Fixed money                                                   Fixed money
     Indonesia dan instrumen pasar uang melalui Reksa            Exchange and money market instruments through AXA              Penempatan dana berbasis pendapatan tetap dengan              Placement of fixed income based fund with underlying
     Dana AXA Maestro Saham.                                     Maestro Shares Mutual Fund.                                    dasar investasi pada obligasi pemerintah Indonesia            investments in Indonesian Government Bonds and
                                                                                                                                dan instrumen pasar uang melalui Reksa Dana                   money market instruments through Mandiri Investa
     Equity Fund Offshore                                        Equity Fund Offshore                                           Mandiri Investa Dana Obligasi II.                             Dana Obligasi II Mutual Fund.
     Reksa dana berbasis ekuitas dari pasar luar negeri          Equity-based mutual funds from foreign markets
     yang dikelola oleh Entitas Anak.                            managed by the Subsidiary.                                     Active money                                                  Active money
                                                                                                                                Penempatan dana berbasis kombinasi (balanced                  Placement of balanced fund with underlying
     Attractive money                                            Attractive money                                               fund) dengan investasi pada saham dan obligasi yang           investments in stocks and bonds traded in Indonesia
     Penempatan dana berbasis ekuitas dengan dasar               This is an equity fund placement with underlying               diperdagangkan di Bursa Efek Indonesia dan                    Stock Exchange and money market instruments
     investasi   pada  saham    dan   obligasi yang              investments in stocks and bonds traded in Indonesia            instrumen pasar uang melalui Reksa Dana Mandiri               through Mandiri Aktif Mutual Fund.
     diperdagangkan di Bursa Efek Indonesia dan                  Stock Exchange and money market instruments                    Aktif.
     instrumen pasar uang melalui Reksa Dana Mandiri             through Mandiri Mutual Fund Attractive Shares.
     Saham Atraktif.                                                                                                            Mandiri Flexible Equity Offshore                              Mandiri Flexible Equity Offshore
                                                                                                                                Reksa dana campuran berbasis ekuitas dan pasar                Mixed mutual fund with underlying investments in
     Progressive money                                           Progressive money                                              uang pada pasar luar negeri.                                  equity and money market in foreign markets.
     Penempatan dana berbasis kombinasi (balanced                This is a balanced fund placement with underlying
     fund) dengan investasi pada saham dan obligasi yang         investments in stocks and bonds traded in Indonesia
     diperdagangkan di Bursa Efek Indonesia dan                  Stock Exchange and money market instruments                    Protected money                                               Protected money
     instrumen pasar uang melalui Reksa Dana Schroder            through Schroder Progressive Balanced Mutual Fund.             Penempatan dana berbasis kombinasi (balanced                  Placement of balanced fund with investments in stocks
     Dana Campuran Progresif.                                                                                                   fund) dengan investasi pada saham dan obligasi yang           and bonds traded in the Indonesia Stock Exchange and
                                                                                                                                diperdagangkan di Bursa Efek Indonesia dan                    money market instruments with a maturity of less than
     Mandiri Golden Offshore                                     Mandiri Golden Offshore                                        instrumen pasar uang dengan jangka waktu kurang               1 year.
     Reksa dana berbasis ekuitas dengan dasar                    Equity-based mutual funds with underlying investments          dari 1 tahun.
     investasinya adalah ekuitas yang diperdagangkan di          in equity traded in foreign equity market.
     pasar ekuitas luar negeri.                                                                                                 Mandiri Multi Asset Balanced Offshore                         Mandiri Multi Asset Balanced Offshore
                                                                                                                                Reksa dana campuran berbasis pasar uang, ekuitas              Mixed mutual fund with underlying investments in
     Secure money                                                Secure money                                                   dan surat berharga pasar luar negeri.                         money market, equity and foreign market securities.
     Secure money Rupiah merupakan penempatan dana               Secure money Rupiah is a fixed income based
     berbasis pendapatan tetap dengan dasar investasi            placement of funds with underlying investments in fixed        Mandiri Global Offshore                                       Mandiri Global Offshore
     pada surat berharga pendapatan tetap yang                   income securities listed in Indonesia Stock Exchange           Reksa dana campuran berbasis ekuitas dan pasar                Mixed mutual funds with underlying investments in
     diperdagangkan di Bursa Efek Indonesia dan                  and money market instruments through Schroder Dana             uang pada pasar luar negeri.                                  equity and money market in foreign markets.
     instrumen pasar uang melalui Reksa Dana Schroder            Obligasi Mantap Mutual Fund. Placement of funds in
     Dana Obligasi Mantap. Penempatan dana dalam                 USD through investment in fixed income securities              Mandiri Fixed Income                                          Mandiri Fixed Income
     mata uang Dolar Amerika melalui investasi pada surat        traded on the Indonesia Stock Exchange and other               Reksa dana berbasis pendapatan tetap dalam mata               Fixed-income mutual fund denominated in US Dollars,
     berharga    dengan     pendapatan     tetap     yang        foreign exchanges as well as money market
                                                                                                                                uang US Dollar, dengan penempatan underlying                  with the majority of its underlying investments in
     diperdagangkan di Bursa Efek Indonesia dan bursa            instruments through Investa Dana Dollar Mandiri
     luar negeri lainnya serta instrumen pasar uang              Mutual Fund.                                                   sebagian besar pada Surat Utang Negara Indonesia              Indonesian government bonds in US Dollars and the
     melalui Reksa Dana Investa Dana Dollar Mandiri.                                                                            dalam mata uang US Dollar dan selebihnya dalam                remainder in money market instruments. This mutual
                                                                                                                                instrument Pasar Uang. Reksa dana ini dikelola oleh           fund is managed by two Investment Managers, namely
     Mandiri Equity Money                                        Mandiri Equity Money                                           2 Manajer Investasi, yaitu Architas Asset                     Architas Asset Management and Mandiri Investment
     Penempatan dana dengan instrumen investasi                  Fund placements with LQ45 domestic equity                      Management dan Mandiri Manajemen Investasi                    Management (MMI).
     ekuitas dalam negeri LQ45 melalui Reksa Dana                investment instruments through the Mandiri Index               (MMI).
     Mandiri Index LQ45 yang dikelola oleh Mandiri               LQ45 mutual fund managed by Mandiri Manajemen
     Manajemen Investasi (“MMI”).                                Investasi (“MMI”).                                             Money market CS                                               Money market CS
                                                                                                                                Penempatan dana berbasis pasar uang dengan                    Placement of money market fund with underlying
     Balance Fund Offshore                                       Balance Fund Offshore                                          investasi pada instrumen pasar uang khususnya                 investments in money market instrument, especially in
     Reksa dana yang komposisinya campuran ekuitas               Mutual funds which the composition is a mixture of             deposito berjangka dengan berdasarkan pada prinsip            time deposits based on sharia principles.
     dan obligasi dari pasar luar negeri yang dikelola oleh      equity and bonds from foreign markets managed by               syariah.
     Entitas Anak.                                               Subsidiary.
                                                                                                                                Mandiri Prime Balanced Rupiah                                 Mandiri Prime Balanced Rupiah
     Money market                                                Money market                                                   Reksa dana berbasis campuran dengan dasar                     Mixed-based mutual fund with an investment
     Penempatan dana berbasis pasar uang dengan                  Placement of money market fund with underlying                 investasi pada Pasar Uang, Obligasi, dan Saham.               foundation in the Money Market, Bonds, and Stocks.
     investasi pada instrumen pasar uang yang meliputi           investments in money market instrument including time
     deposito berjangka dan surat berharga dengan                deposits and fixed income securities traded in                 Mandiri Money Market Optima Rupiah                            Mandiri Money Market Optima Rupiah
     pendapatan tetap yang diperdagangkan di Bursa Efek          Indonesia Stock Exchange through Mandiri Investa               Reksa dana berbasis pasar uang dengan dasar                   Money market-based mutual fund with an investment
     Indonesia melalui Reksa Dana Mandiri Investa Pasar          Pasar Uang Mutual Fund.                                        investasi pada Pasar Uang dan Obligasi.                       foundation in the Money Market and Bonds.
     Uang.



PT BANK MANDIRI (PERSERO) TBK                        1500      221                                                                                                                       1501
                                                                                                                                                                                            222                                 ANNUAL REPORT 2024
Page 473
        FINANCIAL STATEMENTS 2024


                                         PT BANK MANDIRI (PERSERO) Tbk.                                                                                                     PT BANK MANDIRI (PERSERO) Tbk.
                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                           DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED               CATATAN ATAS LAPORAN KEUANGAN                                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS             KONSOLIDASIAN                                                                                                  FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                  31 DECEMBER 2024 AND 2023            31 DESEMBER 2024 DAN 2023                                                                                  31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)         (Expressed in millions of Rupiah, unless otherwise stated)     (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                         (Expressed in millions of Rupiah, unless otherwise stated)

27. LIABILITAS KEPADA PEMEGANG POLIS PADA                      27. LIABILITIES       TO    UNIT-LINK     POLICYHOLDERS          28. LIABILITAS ATAS EFEK-EFEK YANG DIJUAL                                     28. SECURITIES SOLD UNDER AGREEMENTS TO
    KONTRAK UNIT-LINK (lanjutan)                                   (continued)
                                                                                                                                    DENGAN JANJI DIBELI KEMBALI                                                   REPURCHASE LIABILITIES
     Mandiri Fixed Income Optima Rupiah                              Mandiri Fixed Income Optima Rupiah
     Reksa dana berbasis pendapatan tetap dengan dasar               Fixed income-based mutual fund with an investment                                                                                        2024
     investasi pada Pasar Uang dan Obligasi.                         foundation in the Money Market and Bonds.                                                                                                                       Beban bunga
                                                                                                                                                                                                                                      yang belum
     Mandiri Fixed Income Optima Berkah Rupiah                       Mandiri Fixed Income Optima Berkah Rupiah                                                Nilai                              Tanggal               Nilai         diamortisasi/
     Reksa dana berbasis pendapatan tetap dengan dasar               Fixed income-based mutual fund with an investment                                      nominal/       Tanggal dimulai/   jatuh tempo/        beli kembali/      Unamortised      Nilai neto/
                                                                                                                                            Jenis efek    Nominal value       Start date      Maturity date      Buy back value    interest expense   Net value        Type of securities
     investasi pada Pasar Uang dan Obligasi berefek                  foundation in the Money Market and Sharia-compliant
     syariah.                                                        Bonds.
                                                                                                                                    Rupiah                                                                                                                                           Rupiah
                                                                                                                                     Pihak ketiga                                                                                                                             Third parties
     Mandiri Money Market Berkah Rupiah Class B                      Mandiri Money Market Berkah Rupiah Class B                        FR0068                  2.478.343         30/12/2024       06/01/2025           2.481.355              2.151        2.479.204            FR0068
     Reksa dana berbasis pasar uang dengan dasar                     Money market-based mutual fund with an investment                 FR0068                  2.375.079         30/12/2024       06/01/2025           2.377.965              2.061        2.375.904            FR0068
     investasi pada Pasar Uang, Obligasi berefek syariah.            foundation in the Money Market and Sharia-compliant               FR0081                  2.351.153         31/12/2024       07/01/2025           2.354.010              2.449        2.351.561            FR0081
                                                                     Bonds.                                                            FR0072
                                                                                                                                       FR0072
                                                                                                                                                               2.338.392
                                                                                                                                                               2.236.722
                                                                                                                                                                                 27/12/2024
                                                                                                                                                                                 27/12/2024
                                                                                                                                                                                                  03/01/2025
                                                                                                                                                                                                  03/01/2025
                                                                                                                                                                                                                       2.341.233
                                                                                                                                                                                                                       2.239.441
                                                                                                                                                                                                                                                812
                                                                                                                                                                                                                                                777
                                                                                                                                                                                                                                                           2.340.421
                                                                                                                                                                                                                                                           2.238.664
                                                                                                                                                                                                                                                                                FR0072
                                                                                                                                                                                                                                                                                FR0072
                                                                                                                                       FR0082                  2.167.568         31/12/2024       07/01/2025           2.170.202              2.257        2.167.945            FR0082
     Rincian dari investasi unit-link syariah berdasarkan            The details of sharia unit-link investments based on the          FR0084                  2.155.883         31/12/2024       07/01/2025           2.158.503              2.245        2.156.258            FR0084
     tipe kontrak adalah sebagai berikut:                            type of contracts are as follows:                                 FR0072                  2.135.053         27/12/2024       03/01/2025           2.137.648                741        2.136.907            FR0072
                                                                                                                                       FR0080                  2.099.792         30/12/2024       06/01/2025           2.102.344              1.823        2.100.521            FR0080
                                                                                                                                       FR0071                  1.986.142         27/12/2024       03/01/2025           1.988.556                690        1.987.866            FR0071
                                                     2024                  2023                                                        FR0082                  1.977.207         30/12/2024       06/01/2025           1.979.610              1.717        1.977.893            FR0082
                                                                                                                                       FR0084                  1.959.894         31/12/2024       07/01/2025           1.962.276              2.042        1.960.234            FR0084
     Attractive money syariah                              234.657             312.625              Attractive money sharia            FR0071                  1.881.608         27/12/2024       03/01/2025           1.883.895                653        1.883.242            FR0071
                                                                                                                                       FR0092                  1.846.992         30/12/2024       06/01/2025           1.849.237              1.604        1.847.633            FR0092
     Amanah Pendapatan Tetap                               171.434             140.398               Amanah Fixed Income               FR0092                  1.844.118         27/12/2024       03/01/2025           1.846.359                640        1.845.719            FR0092
     Active money syariah                                  119.254             147.159                  Active money sharia            FR0080                  1.718.012         30/12/2024       06/01/2025           1.720.100              1.492        1.718.608            FR0080
     Amanah equity syariah                                  25.950              34.572               Amanah equity sharia              FR0091                  1.707.636         31/12/2024       07/01/2025           1.709.712              1.779        1.707.933            FR0091
     Amanah Pasar Uang Syariah                              17.231              14.760         Amanah Money Market Sharia              FR0082                  1.646.465         27/12/2024       03/01/2025           1.648.466                572        1.647.894            FR0082
                                                                                                                                       FR0081                  1.567.435         31/12/2024       07/01/2025           1.569.340              1.633        1.567.707            FR0081
     Advanced commodity syariah                             16.430              18.229          Advanced commodity sharia              FR0082                  1.552.381         27/12/2024       03/01/2025           1.554.268                539        1.553.729            FR0082
                                                                                                                                       FR0082                  1.505.339         27/12/2024       03/01/2025           1.507.169                523        1.506.646            FR0082
     Total                                                 584.956             667.743                                  Total          FR0058                  1.485.645         27/12/2024       03/01/2025           1.487.450                515        1.486.935            FR0058
                                                                                                                                       FR0071                  1.358.939         27/12/2024       03/01/2025           1.360.591                472        1.360.119            FR0071
                                                                                                                                       FR0068                  1.342.436         30/12/2024       06/01/2025           1.344.067              1.165        1.342.902            FR0068
                                                                                                                                       FR0091                    988.632         31/12/2024       07/01/2025             989.833              1.030          988.803            FR0091
     Attractive money syariah                                        Attractive money sharia                                           FR0092                    922.059         27/12/2024       03/01/2025             923.180                321          922.859            FR0092
     Penempatan dana berbasis ekuitas dengan dasar                   Placement of equity based fund with underlying                    FR0082                    847.374         30/12/2024       06/01/2025             848.404                736          847.668            FR0082
                                                                                                                                       FR0084                    783.958         31/12/2024       07/01/2025             784.910                816          784.094            FR0084
     investasi   pada    saham    dan  obligasi   yang               investments in stocks and bonds traded in Indonesia               FR0081                    685.589         27/12/2024       03/01/2025             686.422                238          686.184            FR0081
     diperdagangkan di Bursa Efek Indonesia dan                      Stock Exchange and money market instruments in                    FR0082                    659.695         31/12/2024       07/01/2025             660.496                687          659.809            FR0082
     instrumen pasar uang berdasarkan prinsip syariah                accordance with sharia principle through Mandiri                  FR0058                    495.215         27/12/2024       03/01/2025             495.817                172          495.645            FR0058
     melalui Reksa Dana Mandiri Saham Syariah Atraktif.              Attractive Sharia Stocks Mutual Fund.                             IDSR040625364S
                                                                                                                                       IDSR200625364S
                                                                                                                                                                 482.382
                                                                                                                                                                 482.215
                                                                                                                                                                                 09/12/2024
                                                                                                                                                                                 23/12/2024
                                                                                                                                                                                                  06/01/2025
                                                                                                                                                                                                  20/01/2025
                                                                                                                                                                                                                         484.821
                                                                                                                                                                                                                         484.653
                                                                                                                                                                                                                                                436
                                                                                                                                                                                                                                              1.654
                                                                                                                                                                                                                                                             484.385
                                                                                                                                                                                                                                                             482.999
                                                                                                                                                                                                                                                                        IDSR040625364S
                                                                                                                                                                                                                                                                        IDSR200625364S
                                                                                                                                       FR0090                    459.965         16/12/2024       13/01/2025             462.290                997          461.293            FR0090
     Amanah Pendapatan Tetap                                         Amanah Fixed Income                                               FR0072                    406.677         27/12/2024       03/01/2025             407.171                141          407.030            FR0072
     Reksa dana syariah dengan dasar investasi pada                  Sharia mutual fund with underlying investments of                 FR0075                    384.120         20/12/2024       17/01/2025             386.062              1.109          384.953            FR0075
                                                                                                                                       FR0081                    293.824         27/12/2024       03/01/2025             294.181                102          294.079            FR0081
     Sukuk atau Surat Berharga Syariah Negara.                       Sukuk and Sharia Government Bonds.                                IDSR300625367S            239.967         12/12/2024       09/01/2025             241.180                347          240.833    IDSR300625367S
                                                                                                                                       IDSR051225364S            233.139         10/12/2024       07/01/2025             234.317                252          234.065    IDSR051225364S
     Active money syariah                                            Active money sharia                                               IDSR071125364S            202.531         27/12/2024       10/01/2025             203.035                324          202.711    IDSR071125364S
     Penempatan dana berbasis kombinasi (balanced                    Placement of balanced fund with underlying                        FR0084
                                                                                                                                       IDSR060625364S
                                                                                                                                                                 196.149
                                                                                                                                                                 193.728
                                                                                                                                                                                 05/12/2024
                                                                                                                                                                                 30/12/2024
                                                                                                                                                                                                  02/01/2025
                                                                                                                                                                                                  13/01/2025
                                                                                                                                                                                                                         197.141
                                                                                                                                                                                                                         194.210
                                                                                                                                                                                                                                                 36
                                                                                                                                                                                                                                                413
                                                                                                                                                                                                                                                             197.105
                                                                                                                                                                                                                                                             193.797
                                                                                                                                                                                                                                                                                FR0084
                                                                                                                                                                                                                                                                        IDSR060625364S
     fund) dengan dasar investasi pada saham dan                     investments in stocks and bonds traded in Indonesia               IDSR130625364S            192.953         16/12/2024       13/01/2025             193.929                419          193.510    IDSR130625364S
     obligasi yang diperdagangkan di Bursa Efek                      Stock Exchange and money market instruments in                    IDSR130625364S            192.953         16/12/2024       13/01/2025             193.929                419          193.510    IDSR130625364S
     Indonesia dan instrumen pasar uang berdasarkan                  accordance with sharia principle through Mandiri                  FR0059                    191.408         27/12/2024       10/01/2025             191.885                306          191.579            FR0059
                                                                                                                                       FR0096                    189.172         27/12/2024       10/01/2025             189.643                303          189.340            FR0096
     prinsip syariah melalui Reksa Dana Mandiri                      Berimbang Active Sharia Mutual Fund.                              FR0082                    188.305         30/12/2024       13/01/2025             188.774                402          188.372            FR0082
     Berimbang Syariah Aktif.                                                                                                          FR0090                    183.910         30/12/2024       13/01/2025             184.368                392          183.976            FR0090
                                                                                                                                       FR0075                    144.102         23/12/2024       20/01/2025             144.831                494          144.337            FR0075
     Amanah equity syariah                                           Amanah equity sharia                                              IDSR190925364S
                                                                                                                                       FR0096
                                                                                                                                                                 142.392
                                                                                                                                                                 141.709
                                                                                                                                                                                 12/12/2024
                                                                                                                                                                                 19/12/2024
                                                                                                                                                                                                  09/01/2025
                                                                                                                                                                                                  02/01/2025
                                                                                                                                                                                                                         143.112
                                                                                                                                                                                                                         142.062
                                                                                                                                                                                                                                                206
                                                                                                                                                                                                                                                 25
                                                                                                                                                                                                                                                             142.906
                                                                                                                                                                                                                                                             142.037
                                                                                                                                                                                                                                                                        IDSR190925364S
                                                                                                                                                                                                                                                                                FR0096
     Penempatan dana berbasis ekuitas dengan dasar                   Placement of equity based fund with underlying                    FR0086                    141.137         23/12/2024       06/01/2025             141.489                126          141.363            FR0086
     investasi pada saham yang diperdagangkan di Bursa               investments in stocks traded in Indonesia Stock                   IDSR240125364S             99.322         19/12/2024       16/01/2025              99.824                269           99.555    IDSR240125364S
     Efek Indonesia dan instrumen pasar uang                         Exchange and money market instruments in                          IDSR210325364S             98.472         30/12/2024       13/01/2025              98.717                210           98.507    IDSR210325364S
                                                                                                                                       IDSR070525364S             97.390         30/12/2024       30/01/2025              97.935                510           97.425    IDSR070525364S
     berdasarkan prinsip syariah melalui Reksa Dana BNP              accordance with sharia principle through BNP Paribas              IDSR300525364S             96.760         19/12/2024       16/01/2025              97.249                262           96.987    IDSR300525364S
     Paribas Pesona Amanah.                                          Pesona Amanah Mutual Fund.                                        FR0080                     95.223         23/12/2024       06/01/2025              95.460                 85           95.375            FR0080
                                                                                                                                       IDSR171025364S             94.425         12/12/2024       09/01/2025              94.902                136           94.766    IDSR171025364S
     Amanah Pasar Uang Syariah                                       Amanah Money Market Sharia                                        FR0086                     94.153         30/12/2024       13/01/2025              94.388                201           94.187            FR0086
                                                                                                                                       FR0087                     91.710         19/12/2024       02/01/2025              91.938                 17           91.921            FR0087
     Reksa dana berbasis pendapatan tetap dengan dasar               A fixed income based mutual fund with underlying                  FR0087                     91.656         23/12/2024       06/01/2025              91.884                 81           91.803            FR0087
     investasinya pasar uang syariah dan efek-efek                   investments of sharia money market and sharia fixed               FR0065                     90.391         30/12/2024       13/01/2025              90.615                192           90.423            FR0065
     syariah berpendapatan tetap.                                    income marketable securities.                                     IDSR130625364S             48.267         19/12/2024       02/01/2025              48.387                  9           48.378    IDSR130625364S
                                                                                                                                       IDSR310125364S             39.617         11/12/2024       08/01/2025              39.818                 50           39.768    IDSR310125364S
                                                                                                                                       FR0080                     33.348         19/12/2024       02/01/2025              33.429                  6           33.423            FR0080
     Advanced commodity syariah                                      Advanced commodity sharia                                         FR0082                     33.039         27/12/2024       10/01/2025              33.119                 51           33.068            FR0082
     Penempatan dana berbasis saham dengan dasar                     Placement of Stocks based fund with underlying                    FR0065                     22.635         31/12/2024       14/01/2025              22.690                 51           22.639            FR0065
     investasi saham yang bergerak pada sektor                       investments in shares in the commodity sector and                 FR0056                     19.916         23/12/2024       06/01/2025              19.966                 17           19.949            FR0056
                                                                                                                                       FR0040                     10.406         30/12/2024       13/01/2025              10.431                 22           10.409            FR0040
     komoditas dan yang terkait dengan komoditas yang                related to commodities traded in Indonesia Stock                  FR0081                      4.893         19/12/2024       02/01/2025               4.905                  1            4.904            FR0081
     diperdagangkan di Bursa Efek Indonesia dan                      Exchange and money market instruments in
     instrumen pasar uang berdasarkan prinsip syariah                accordance with sharia principle through Mandiri                 Total Rupiah            57.545.117                                              57.631.599             46.425       57.585.174           Total Rupiah
     melalui Reksa Dana Mandiri Komoditas Syariah Plus.              Commodity Sharia Plus Mutual Fund.




PT BANK MANDIRI (PERSERO) TBK                        1502        223                                                                                                                                    1503
                                                                                                                                                                                                           224                                                  ANNUAL REPORT 2024
Page 474
            FINANCIAL STATEMENTS 2024


                                                 PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                         PT BANK MANDIRI (PERSERO) Tbk.
                                            DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                               DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                NOTES TO THE CONSOLIDATED                                    CATATAN ATAS LAPORAN KEUANGAN                                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                       FINANCIAL STATEMENTS                                  KONSOLIDASIAN                                                                                                    FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                       31 DECEMBER 2024 AND 2023                                 31 DESEMBER 2024 DAN 2023                                                                                    31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                              (Expressed in millions of Rupiah, unless otherwise stated)                          (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                           (Expressed in millions of Rupiah, unless otherwise stated)

                                                                                                                                                                          28. LIABILITAS ATAS EFEK-EFEK YANG DIJUAL                                       28. SECURITIES SOLD UNDER AGREEMENTS TO
28. LIABILITAS ATAS EFEK-EFEK YANG DIJUAL                                          28. SECURITIES SOLD UNDER AGREEMENTS TO                                                    DENGAN JANJI DIBELI KEMBALI (lanjutan)                                          REPURCHASE LIABILITIES (continued)
    DENGAN JANJI DIBELI KEMBALI (lanjutan)                                             REPURCHASE LIABILITIES (continued)
                                                                                                                                                                                                                                                          2023
                                                                                   2024
                                                                                                                                                                                                                                                                                 Beban bunga
                                                                                                           Beban bunga                                                                                                                                                            yang belum
                                                                                                            yang belum                                                                                    Nilai                              Tanggal               Nilai         diamortisasi/
                                   Nilai                              Tanggal               Nilai          diamortisasi/                                                                                nominal/       Tanggal dimulai/   jatuh tempo/        beli kembali/      Unamortised      Nilai neto/
                                 nominal/       Tanggal dimulai/   jatuh tempo/        beli kembali/       Unamortised      Nilai neto/                                                Jenis efek     Nominal value       Start date      Maturity date      Buy back value    interest expense   Net value          Type of securities
               Jenis efek      Nominal value       Start date      Maturity date      Buy back value     interest expense   Net value          Type of securities
                                                                                                                                                                                Mata uang asing                                                                                                                        Foreign currencies
     Mata uang asing                                                                                                                               Foreign currencies           Pihak ketiga                                                                                                                                 Third parties
      Pihak ketiga                                                                                                                                       Third parties            FR0056                   2.309.509         25/02/2022       18/08/2026           2.633.011            194.026        2.438.985               FR0056
        FR0056                      2.414.207         25/02/2022       18/08/2026            2.742.046            354.022        2.388.024                 FR0056                 FR0086                   1.924.612         25/02/2022       16/03/2026           2.167.742            135.953        2.031.789               FR0086
                                                                                                                                                                                  FR0059                   1.959.726         05/09/2023       15/04/2027           2.035.525             35.652        1.999.873               FR0059
        FR0059                      2.048.567         05/09/2023       15/04/2027            2.119.818             45.012        2.074.806                 FR0059
                                                                                                                                                                                  FR0086                   1.874.012         24/02/2022       13/03/2026           2.111.212            132.335        1.978.877               FR0086
        FR0086                      2.011.861         25/02/2022       16/03/2026            2.257.509            232.702        2.024.807                 FR0086                 FR0064                   1.885.736         05/09/2023       17/04/2028           1.984.147             59.285        1.924.862               FR0064
        FR0064                      1.971.223         05/09/2023       17/04/2028            2.066.311             70.149        1.996.162                 FR0064                 FR0056                   1.613.388         20/10/2023       20/09/2024           1.706.599             72.960        1.633.639               FR0056
        FR0086                      1.958.967         24/02/2022       13/03/2026            2.198.638            222.482        1.976.156                 FR0086                 FR0084                   1.539.391         31/10/2023       01/10/2024           1.629.045             73.111        1.555.934               FR0084
        FR0071                      1.605.052         03/04/2024       08/03/2029            1.693.330            123.234        1.570.096                 FR0071                 FR0081                   1.534.124         20/10/2023       20/09/2024           1.622.755             69.375        1.553.380               FR0081
        FR0078                      1.609.500         23/04/2024       23/04/2027            1.658.455             89.123        1.569.332                 FR0078                 FR0081                   1.465.940         20/10/2023       20/09/2024           1.550.633             66.292        1.484.341               FR0081
        FR0078                      1.609.466         16/04/2024       16/04/2027            1.655.973             94.742        1.561.231                 FR0078                 FR0059                   1.370.734         05/09/2023       15/04/2027           1.428.789             29.525        1.399.264               FR0059
        FR0059                      1.432.874         05/09/2023       15/04/2027            1.487.956             25.525        1.462.431                 FR0059                 FR0084                   1.098.563         05/09/2023       15/01/2026           1.127.814              6.746        1.121.068               FR0084
        FR0084                      1.148.365         05/09/2023       15/01/2026            1.271.596             96.495        1.175.101                 FR0084                 ROI 30 NEW                 882.267         01/11/2023       30/09/2024             931.380             40.143          891.237           ROI 30 NEW
                                                                                                                                                                                  FR0056                     832.502         24/02/2022       14/08/2026             948.527             69.440          879.087               FR0056
        FR0056                        870.242         24/02/2022       14/08/2026              987.806            107.551          880.255                 FR0056
                                                                                                                                                                                  FR0091                     795.002         05/09/2023       04/09/2026             819.842              8.684          811.158               FR0091
        FR0090                        792.166         24/02/2022       12/02/2027              911.516             62.767          848.749                 FR0090                 FR0090                     757.812         24/02/2022       12/02/2027             875.270             74.911          800.359               FR0090
        FR0091                        831.042         05/09/2023       04/09/2026              853.792              6.492          847.300                 FR0091                 FR0092                     769.840         05/09/2023       08/09/2026             793.971              8.486          785.485               FR0092
        FR0092                        804.740         05/09/2023       08/09/2026              826.850             19.690          807.160                 FR0092                 FR0087                     775.430         20/10/2023       20/09/2024             820.012             34.896          785.116               FR0087
        FR0091                        778.448         05/09/2023       04/09/2026              799.758              6.081          793.677                 FR0091                 FR0091                     770.439         17/10/2023       17/09/2024             814.735             34.276          780.459               FR0091
        FR0078                        804.742         03/04/2024       05/04/2027              829.264             44.898          784.366                 FR0078                 FR0091                     744.689         05/09/2023       04/09/2026             767.957              8.134          759.823               FR0091
        FR0078                        802.483         03/04/2024       03/04/2029              847.257             70.225          777.032                 FR0078                 ROI 30 NEW                 720.137         26/10/2023       26/09/2024             761.137             32.824          728.313           ROI 30 NEW
        ROI 30                        627.694         04/04/2024       05/04/2027              646.804             34.909          611.895                   ROI 30               ROI 30 NEW                 696.907         26/10/2023       26/09/2024             736.584             31.765          704.819           ROI 30 NEW
        INDON 2.15 07/28/31           506.168         07/07/2022       07/07/2025              560.565             49.467          511.098    INDON 2.15 07/28/31                 ROI 29 NEW                 629.936         01/11/2023       30/09/2024             665.003             28.663          636.340           ROI 29 NEW
        US455780CQ75                  434.248         26/04/2023       24/04/2026              513.425             74.442          438.983         US455780CQ75                   US455780CY00               484.216         07/07/2022       07/07/2025             536.254             48.097          488.157       US455780CY00
                                                                                                                                                                                  US455780CQ75               415.415         26/04/2023       24/04/2026             491.159             72.435          418.724       US455780CQ75
        ROI 27                        418.463         04/04/2024       08/12/2026              429.831             26.127          403.704                   ROI 27
                                                                                                                                                                                  US71567RAS58               406.845         14/12/2021       13/12/2024             430.729             22.840          407.889       US71567RAS58
        FR0042                        366.588         05/09/2023       15/06/2027              380.630              3.396          377.234                 FR0042                 US71567RAM88               364.720         14/12/2021       13/12/2024             386.131             20.476          365.655       US71567RAM88
        INDON 2.85 02/14/30           359.527         07/07/2022       07/07/2025              398.165             35.135          363.030    INDON 2.85 02/14/30                 FR0042                     350.690         05/09/2023       15/06/2027             365.495              7.564          357.931               FR0042
        ROI 32                        337.995         04/04/2024       05/04/2027              348.285             18.798          329.487                   ROI 32               US455780CQ75               343.936         07/07/2022       07/07/2025             380.898             34.163          346.735       US455780CQ75
        INDON 3.85 10/15/30           273.372         07/07/2022       07/07/2025              302.751             26.716          276.035    INDON 3.85 10/15/30                 FR0090                     259.042         05/09/2023       15/03/2027             269.778              5.345          264.433               FR0090
        FR0090                        270.785         05/09/2023       15/03/2027              280.949              6.629          274.320                 FR0090                 US455780CS32               261.517         07/07/2022       07/07/2025             289.622             25.977          263.645       US455780CS32
        INDON-151030                  263.609         19/12/2024       17/12/2027              304.610             38.952          265.658           INDON-151030                 US455780CY00               257.762         14/12/2021       13/12/2024             272.894             14.471          258.423       US455780CY00
        INDOIS-010328                 259.674         06/04/2023       06/04/2026              305.032             43.091          261.941          INDOIS-010328                 INDON-280731               252.814         20/12/2021       20/12/2024             267.053             13.340          253.713         INDON-280731
        ADGB-160430                   255.866         19/12/2024       17/12/2027              295.662             37.808          257.854            ADGB-160430                 INDOIS-010328              248.413         06/04/2023       06/04/2026             291.803             40.649          251.154        INDOIS-010328
        INDOIS-090631                 244.485         06/04/2023       06/04/2026              287.189             40.570          246.619          INDOIS-090631                 INDOIS-090631              233.882         06/04/2023       06/04/2026             274.735             38.272          236.463        INDOIS-090631
                                                                                                                                                                                  INDOIS-200229              204.780         06/04/2023       06/04/2026             240.549             33.509          207.040        INDOIS-200229
        INDON-280731                  230.192         20/12/2024       20/12/2027              266.139             34.151          231.988           INDON-280731
                                                                                                                                                                                  US455780CQ75               198.360         14/12/2021       13/12/2024             210.004             11.136          198.868       US455780CQ75
        ROI 28                        225.319         04/04/2024       05/04/2027              232.179             12.531          219.648                   ROI 28               US71567RAS58               190.738         07/07/2022       07/07/2025             211.236             18.946          192.290       US71567RAS58
        INDOIS-200229                 214.064         06/04/2023       06/04/2026              251.454             35.522          215.932          INDOIS-200229                 INDOIS-290327              189.737         13/12/2021       13/12/2024             200.596             10.173          190.423        INDOIS-290327
        INDOIS 2.55 06/09/31          199.385         07/07/2022       07/07/2025              220.812             19.485          201.327   INDOIS 2.55 06/09/31                 US455780CS32               187.203         26/04/2023       24/04/2026             196.225              8.628          187.597       US455780CS32
        US71567RAP10                  195.689         26/04/2023       24/04/2026              231.370             33.547          197.823         US71567RAP10                   US455780CV60               181.329         14/12/2021       13/12/2024             191.974             10.180          181.794       US455780CV60
        US455780CS32                  173.488         26/04/2023       24/04/2026              205.121             29.741          175.380         US455780CS32                   US71567RAP10               165.965         26/04/2023       24/04/2026             221.336             52.953          168.383       US71567RAP10
        INDON-170138                  156.572         06/04/2023       06/04/2026              183.921             25.982          157.939           INDON-170138                 ADGB-160430                161.576         27/01/2022       13/12/2024             170.020              7.910          162.110          ADGB-160430
        QATAR-140329                  151.315         19/12/2024       17/12/2027              174.849             22.358          152.491          QATAR-140329                  QATAR-140329               157.280         15/12/2021       13/12/2024             165.836              8.015          157.821        QATAR-140329
        INDON-120331                  150.089         06/04/2023       06/04/2026              176.305             24.906          151.399           INDON-120331                 INDON-170138               149.782         06/04/2023       06/04/2026             175.945             24.510          151.435         INDON-170138
        INDOIS 4.45 02/20/29          148.315         27/09/2024       19/09/2025              154.713              5.818          148.895   INDOIS 4.45 02/20/29                 INDON-080126               149.171         13/12/2021       13/12/2024             157.709              7.999          149.710         INDON-080126
                                                                                                                                                                                  INDOIS-290326              147.757         15/12/2021       13/12/2024             155.795              7.530          148.265        INDOIS-290326
        INDON-170237                  147.459         29/11/2024       28/01/2025              148.710              1.189          147.521           INDON-170237                 INDON-151030               145.153         13/01/2022       13/12/2024             153.226              7.563          145.663         INDON-151030
        KSA-170430                    142.349         20/12/2024       20/12/2027              164.578             21.118          143.460             KSA-170430                 INDON-120331               143.580         06/04/2023       06/04/2026             168.659             23.494          145.165         INDON-120331
        INDOIS 2.8 06/23/30           141.893         07/07/2022       07/07/2025              157.142             13.867          143.275     INDOIS 2.8 06/23/30                US71567RAP10               135.739         07/07/2022       07/07/2025             150.327             13.483          136.844       US71567RAP10
        INDON-110128                  133.960         19/12/2024       17/12/2027              154.796             19.795          135.001           INDON-110128                 PELIN-25                   136.341         08/12/2023       08/03/2024             136.341                  -          136.341              PELIN-25
        INDON-151030                  129.406         20/12/2024       20/12/2027              149.614             19.198          130.416           INDON-151030                 US455780CK06               123.415         07/07/2022       07/07/2025             136.678             12.259          124.419       US455780CK06
        INDON 3.4 09/18/29            129.009         07/07/2022       07/07/2025              142.874             12.608          130.266      INDON 3.4 09/18/29                INDON-280731               123.014         06/04/2023       06/04/2026             144.501             20.129          124.372         INDON-280731
        INDON-280731                  128.591         06/04/2023       06/04/2026              151.052             21.339          129.713           INDON-280731                 INDOIS-010328              113.191         03/03/2022       13/12/2024             119.196              5.626          113.570        INDOIS-010328
        INDOIS 2.8 06/23/30           126.949         27/09/2024       19/09/2025              132.362              4.923          127.439     INDOIS 2.8 06/23/30                INDOIS-200229              104.676         13/01/2022       13/12/2024             110.498              5.454          105.044        INDOIS-200229
        INDOIS-010328                 109.118         20/12/2024       20/12/2027              126.158             16.189          109.969          INDOIS-010328                 INDON-240428               102.697         06/04/2023       06/04/2026             120.635             16.805          103.830         INDON-240428
                                                                                                                                                                                  INDON-170237               101.980         06/04/2023       06/04/2026             119.793             16.687          103.106         INDON-170237
        INDON-240428                  107.353         06/04/2023       06/04/2026              126.104             17.814          108.290           INDON-240428
                                                                                                                                                                                  INDON-180929                95.837         06/04/2023       06/04/2026             112.577             15.682           96.895         INDON-180929
        INDON-170237                  106.604         06/04/2023       06/04/2026              125.224             17.690          107.534           INDON-170237                 PERTM-270625                95.867         27/06/2022       27/06/2025              95.867                  -           95.867       PERTM-270625
        INDON-180929                  100.182         06/04/2023       06/04/2026              117.681             16.625          101.056           INDON-180929                 KSA-020233                  95.061         13/12/2021       13/12/2024             100.502              5.096           95.406           KSA-020233
        PERTM-270625                  100.213         27/06/2022       27/06/2025              100.213                  -          100.213         PERTM-270625                   INDOIS-230630               79.250         06/04/2023       06/04/2026              93.093             12.969           80.124        INDOIS-230630
        INDOIS-200229                  95.306         20/12/2024       20/12/2027              110.189             14.140           96.049          INDOIS-200229                 ADGB-111027                 74.130         13/01/2022       13/12/2024              78.252              3.862           74.390          ADGB-111027
        INDOIS-090631                  90.778         29/11/2024       28/01/2025               91.548                731           90.817          INDOIS-090631                 QATAR-160425                73.894         15/12/2021       13/12/2024              77.914              3.766           74.148        QATAR-160425
        INDOIS-200229                  88.374         29/11/2024       28/01/2025               89.123                712           88.411          INDOIS-200229                 KSA-291029(SUKUK)           72.252         13/01/2022       13/12/2024              76.270              3.764           72.506   KSA-291029(SUKUK)
        INDOIS-230630                  82.843         06/04/2023       06/04/2026               97.313             13.747           83.566          INDOIS-230630                 US455780CK06                68.430         14/12/2021       13/12/2024              72.448              3.842           68.606       US455780CK06
        KSA-020233                     82.244         20/12/2024       20/12/2027               95.088             12.202           82.886             KSA-020233                 INDON-110128                68.055         16/02/2022       13/12/2024              71.543              3.268           68.275         INDON-110128
        INDON-080127                   73.892         29/11/2024       28/01/2025               74.519                595           73.924           INDON-080127                 KSA-020233                  65.434         03/03/2022       20/12/2024              68.874              3.222           65.652           KSA-020233
                                                                                                                                                                                  INDON-280731                65.274         15/12/2021       13/12/2024              68.824              3.326           65.498         INDON-280731
        INDOIS-290327                  73.348         29/11/2024       28/01/2025               73.971                591           73.380          INDOIS-290327
                                                                                                                                                                                  INDOIS-090626               63.033         20/12/2021       20/12/2024              66.583              3.326           63.257        INDOIS-090626
        KSA-291029(SUKUK)              66.271         20/12/2024       20/12/2027               76.620              9.832           66.788   KSA-291029(SUKUK)                    INDOIS-290327               56.418         06/04/2023       06/04/2026              66.273              9.232           57.041        INDOIS-290327
        INDON-110229                   61.730         29/11/2024       28/01/2025               62.253                497           61.756           INDON-110229                 INDON-151030                44.174         13/12/2021       13/12/2024              46.702              2.368           44.334         INDON-151030
        INDOIS-290327                  58.976         06/04/2023       06/04/2026               69.277              9.786           59.491          INDOIS-290327                 INDON-170237                44.072         16/02/2022       13/12/2024              46.331              2.116           44.215         INDON-170237
        KSA-020233                     58.746         20/12/2024       20/12/2027               67.920              8.716           59.204             KSA-020233                 INDOIS-010328               43.327         20/12/2021       20/12/2024              45.767              2.286           43.481        INDOIS-010328
        INDOIS-010328                  40.919         20/12/2024       20/12/2027               47.309              6.071           41.238          INDOIS-010328                 US455780CQ75                39.672         14/12/2021       13/12/2024              42.001              2.227           39.774       US455780CQ75
        INDON-151030                   38.822         20/12/2024       20/12/2027               44.884              5.759           39.125           INDON-151030                 INDOIS-090631               39.537         13/12/2021       13/12/2024              41.800              2.120           39.680        INDOIS-090631
        INDOIS-090631                  35.325         20/12/2024       20/12/2027               40.841              5.240           35.601          INDOIS-090631                 INDON-280731                37.922         20/12/2021       20/12/2024              40.058              2.001           38.057         INDON-280731
        INDON-280731                   34.529         20/12/2024       20/12/2027               39.921              5.123           34.798           INDON-280731                 INDON-240428                29.303         13/12/2021       13/12/2024              30.980              1.571           29.409         INDON-240428
        INDON-140230                   24.902         20/12/2024       20/12/2027               28.790              3.694           25.096           INDON-140230                 INDON-140230                27.416         13/12/2021       13/12/2024              28.985              1.470           27.515         INDON-140230
                                                                                                                                                                                  INDON-180929                27.379         16/02/2022       13/12/2024              28.782              1.314           27.468         INDON-180929
        KSA-020233                     23.498         20/12/2024       20/12/2027               27.168              3.486           23.682             KSA-020233
                                                                                                                                                                                  KSA-020233                  26.174         03/03/2022       13/12/2024              27.562              1.301           26.261           KSA-020233
        INDOIS-200229                  13.615         20/12/2024       20/12/2027               15.741              2.020           13.721          INDOIS-200229                 INDOIS-230630               23.201         13/12/2021       13/12/2024              24.529              1.245           23.284        INDOIS-230630
                                                                                                                                                                                  US71567RAM88                22.467         14/12/2021       13/12/2024              23.786              1.262           22.524       US71567RAM88
     Total mata uang asing                                                                                                                     Total foreign currencies           INDOIS-200229               15.123         13/12/2021       13/12/2024              15.988                811           15.177        INDOIS-200229
      (Catatan 62.B.(iv))          32.604.051                                               35.307.619          2.636.568       32.671.051            (Note 62.B.(iv))
                                                                                                                                                                              Total mata uang asing                                                                                                                 Total foreign currencies
    Total                          90.149.168                                               92.939.218          2.682.993       90.256.225                       Total         (Catatan 62.B.(iv))        35.536.114                                              38.337.611          2.007.547       36.330.064           (Note 62.B.(iv))

                                                                                                                                                                              Total                       35.536.114                                              38.337.611          2.007.547       36.330.064                      Total




PT BANK MANDIRI (PERSERO) TBK                                      1504               225                                                                                                                                                           1505
                                                                                                                                                                                                                                                       226                                                  ANNUAL REPORT 2024
Page 475
          FINANCIAL STATEMENTS 2024


                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                                     PT BANK MANDIRI (PERSERO) Tbk.
                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                           DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED                     CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS                   KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                  31 DECEMBER 2024 AND 2023                  31 DESEMBER 2024 DAN 2023                                                                   31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)         (Expressed in millions of Rupiah, unless otherwise stated)           (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)


29. LIABILITAS AKSEPTASI                                       29. ACCEPTANCE PAYABLES                                                30. EFEK-EFEK YANG DITERBITKAN                                  30. DEBT SECURITIES ISSUED

     a.    Berdasarkan jenis mata uang, pihak berelasi dan           a.   By currencies, related parties and third parties:                                                                2024                    2023
           pihak ketiga:
                                                                                                                                          Rupiah                                                                                                               Rupiah
                                                                                                                                            Pihak berelasi (Catatan 56)                                                                   Related parties (Note 56)
                                                     2024                   2023
                                                                                                                                              Obligasi                                       3.922.950                4.839.450                            Bonds
           Rupiah                                                                                                       Rupiah                Sertifikat Investasi                                                                         Interbank Mudharabah
                                                                                                                                                Mudharabah Antarbank                                                                     Investment Certificate
             Liabilitas kepada bank lain                                                           Payables to other banks
                                                                                                                                                (SIMA)                                           402.375               226.985                          (SIMA)
               Pihak berelasi (Catatan 56)             1.990.274              1.890.413          Related parties (Note 56)                    Sukuk Mudharabah                                                                                Sukuk Mudharabah
               Pihak ketiga                            2.608.480              6.473.697                       Third parties                     Sustainability                                   255.500                      -                   Sustainability

             Liabilitas kepada debitur                                                                 Payables to debtors                                                                   4.580.825                5.066.435
               Pihak berelasi (Catatan 56)                 188.236              118.031          Related parties (Note 56)
                                                                                                                                            Pihak ketiga                                                                                              Third parties
               Pihak ketiga                                549.094              703.350                       Third parties                   Obligasi                                      12.575.161             15.440.301                              Bonds
                                                                                                                                              Sertifikat Investasi                                                                        Interbank Mudharabah
           Total                                       5.336.084              9.185.491                                       Total             Mudharabah Antarbank                                                                    Investment Certificate
                                                                                                                                                (SIMA)                                       3.967.484                1.401.191                         (SIMA)
           Mata uang asing                                                                                 Foreign currencies                 Sukuk Mudharabah                                                                               Sukuk Mudharabah
                                                                                                                                                Sustainability                               2.342.126                       -                   Sustainability
            Liabilitas kepada bank lain                                                             Payables to other banks
                                                                                                                                              Cek perjalanan Mandiri                            59.289                  62.799        Mandiri travelers’ cheques
               Pihak berelasi (Catatan 56)               367.298                587.133          Related parties (Note 56)                    Sukuk Mudharabah                                                                               Sukuk Mudharabah
               Pihak ketiga                            3.354.959              4.798.970                       Third parties                     Muqayyadah I Tahap III                             7.969                      -       Muqayyadah I Phase III
                                                                                                                                              Sukuk Mudharabah                                                                               Sukuk Mudharabah
             Liabilitas kepada debitur                                                                  Payables to debtors                     Muqayyadah I Tahap II                              7.286                      -        Muqayyadah I Phase II
               Pihak berelasi (Catatan 56)                  19.479               18.684          Related parties (Note 56)                    Sukuk Mudharabah                                                                               Sukuk Mudharabah
                                                                                                                                                Muqayyadah I Tahap I                               3.307                  3.608        Muqayyadah I Phase I
               Pihak ketiga                                 58.193              203.610                       Third parties
                                                                                                                                                                                            18.962.622             16.907.899
           Total (Catatan 62.B.(iv))                   3.799.929              5.608.397                   Total (Note 62.B.(iv))
                                                                                                                                                                                            23.543.447             21.974.334
                                                       9.136.013            14.793.888                                                    Mata uang asing (Catatan 62.B.(iv))                                                      Foreign currencies (Note 62.B.(iv))
                                                                                                                                           Pihak ketiga                                                                                                Third parties
                                                                                                                                              Obligasi                                      17.676.520             28.421.722                              Bonds

     b.    Berdasarkan jatuh tempo:                                  b.   By maturity:                                                                                                      41.219.967             50.396.056
                                                                                                                                          Dikurangi: biaya penerbitan yang                                                                    Less: unamortised debt
                                                     2024                   2023                                                            belum diamortisasi                                   (78.900 )              (78.292)                     issuance cost

           Rupiah                                                                                                      Rupiah             Neto                                              41.141.067             50.317.764                                     Net
             Kurang dari 1 bulan                         917.321              1.294.293                   Less than 1 month
             1 - 3 bulan                               2.552.176              3.875.992                         1 - 3 months
                                                                                                                                          Obligasi                                                           Bonds
             3 - 6 bulan                               1.866.587              4.015.206                         3 - 6 months
                                                                                                                                          Bank Mandiri                                                       Bank Mandiri
           Total                                       5.336.084              9.185.491                                       Total
                                                                                                                                          Rupiah                                                             Rupiah
           Mata uang asing                                                                                  Foreign currencies
                                                                                                                                          Pada tanggal 4 Juli 2023, Bank Mandiri menerbitkan                 On 4 July 2023, Bank Mandiri issued Continuous
            Kurang dari 1 bulan                        1.082.622              1.388.088                   Less than 1 month
                                                                                                                                          Obligasi Berwawasan Lingkungan Berkelanjutan I Bank                Green Bond I Bank Mandiri Phase I Year 2023
            1 - 3 bulan                                1.889.492              2.167.759                         1 - 3 months              Mandiri Tahap I Tahun 2023 (“Obligasi Berwawasan                   (“Continuous Green Bond I Phase I”) with total nominal
            3 - 6 bulan                                  547.886              1.748.610                         3 - 6 months              Lingkungan Berkelanjutan I Tahap I”) dengan nilai                  value Rp5,000,000, which consist of 2 (two) series:
            6 - 12 bulan                                  30.962                204.009                        6 - 12 months              nominal sebesar Rp5.000.000 yang terdiri atas 2 (dua)
            Lebih dari 12 bulan                          248.967                 99.931                 More than 12 months               seri:

                                                                                                                                                                                           Tingkat bunga tetap
           Total (Catatan 62.B.(iv))                   3.799.929              5.608.397                   Total (Note 62.B.(iv))
                                                                                                                                                                                                per tahun/
                                                                                                                                                                   Nilai nominal/           Fixed interest rate             Jatuh tempo/
                                                       9.136.013            14.793.888                                                         Obligasi            Nominal value                per annum                   Maturity date               Bonds
                                                                                                                                          Seri A                             1.950.000                        5,80%           4 Juli/July 2026              Series A
                                                                                                                                          Seri B                             3.050.000                        6,10%           4 Juli/July 2028              Series B




PT BANK MANDIRI (PERSERO) TBK                        1506        227                                                                                                                               1507
                                                                                                                                                                                                      228                                        ANNUAL REPORT 2024
Page 476
        FINANCIAL STATEMENTS 2024


                                         PT BANK MANDIRI (PERSERO) Tbk.                                                                                               PT BANK MANDIRI (PERSERO) Tbk.
                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED              CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS            KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023           31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)        (Expressed in millions of Rupiah, unless otherwise stated)    (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)        (Expressed in millions of Rupiah, unless otherwise stated)


30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                     30. DEBT SECURITIES ISSUED (continued)                          30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                     30. DEBT SECURITIES ISSUED (continued)

     Obligasi (lanjutan)                                          Bonds (continued)                                               Obligasi (lanjutan)                                           Bonds (continued)

     Bank Mandiri (lanjutan)                                      Bank Mandiri (continued)                                        Bank Mandiri (lanjutan)                                       Bank Mandiri (continued)

     Rupiah (lanjutan)                                            Rupiah (continued)                                              Rupiah (lanjutan)                                             Rupiah (continued)

     Obligasi Berwawasan Lingkungan Berkelanjutan I               Continuous Green Bond I Phase I is offered at 100%
                                                                                                                                  Pada tanggal 31 Desember 2024 dan 31 Desember                 As of 31 December 2024 and 31 December 2023
     Tahap I ditawarkan dengan nilai 100% (seratus                (one hundred percent) of the principal amount of
                                                                                                                                  2023, peringkat Obligasi Berkelanjutan II Tahap I             based on Pefindo’s rating, the Continuous Bonds II
     persen) dari jumlah pokok obligasi. Bunga obligasi           bonds. The bond interest is paid on a quarterly
                                                                                                                                  menurut Pefindo adalah idAAA (triple A).                      Phase I was rated idAAA (triple A).
     dibayarkan setiap triwulan, dengan pembayaran                basis with the first interest payment made on 4
     bunga pertama dilakukan pada tanggal 4 Oktober               October 2023, while the last interest payment and
     2023, sedangkan pembayaran bunga terakhir                    maturity date of the bonds is on 4 July 2026 for Series         Pada tanggal 21 September 2018, Bank Mandiri                  On 21 September 2018, Bank Mandiri issued
     sekaligus jatuh tempo obligasi adalah pada tanggal           A and 4 July 2028 for Series B which is also the                menerbitkan Obligasi Berkelanjutan I Bank Mandiri             Continuous Bonds I Bank Mandiri Phase III Year 2018
     4 Juli 2026 untuk seri A dan 4 Juli 2028 untuk seri B        redemption date of the principal of each series of              Tahap III Tahun 2018 (“Obligasi Berkelanjutan I               (“Continuous Bonds I Phase III”) with total nominal
     yang juga merupakan tanggal pelunasan pokok dari             bonds. The payments of the bonds principal will be              Tahap III”) dengan nilai nominal sebesar Rp3.000.000          value Rp3,000,000 as below:
     masing-masing seri obligasi. Pembayaran pokok                fully paid on the maturity date. The trustee of the bond        sebagai berikut:
     obligasi dilakukan secara penuh pada saat tanggal            issuance of Continuous Green Bond I Phase I is PT
     jatuh tempo. Wali amanat dari penerbitan Obligasi            Bank Negara Indonesia (Persero) Tbk. All funds                                                                   Tingkat bunga tetap
     Berwawasan Lingkungan Berkelanjutan I Tahap I                obtained from the issuance of this public offering, after                                                             per tahun/
     adalah PT Bank Negara Indonesia (Persero) Tbk.               omitting issuance cost, will be used entirely on the                                      Nilai nominal/          Fixed interest rate        Jatuh tempo/
     Seluruh dana yang diperoleh dari hasil Penawaran             financing or refinancing of Environmental Based                      Obligasi             Nominal value               per annum              Maturity date               Bonds
     Umum Obligasi Berwawasan Lingkungan ini, setelah             Business Activity (hereinafter abbreviated as KUBL or
     dikurangi biaya-biaya Emisi, akan digunakan                  Kegiatan Usaha Berwawasan Lingkungan (KUBL) as                  Obligasi                                                                                                  Continuous
     seluruhnya untuk melakukan pembiayaan (finance)              regulated on Financial Services Authority (FSA)                  Berkelanjutan I                                                                                            Bond I
     atau pembiayaan ulang (refinance) atas kegiatan-             Regulation (POJK) No. 60/POJK.04/2017 concerning                 Tahap III                        3.000.000                    8,50%        21 September 2023             Phase III
     kegiatan yang termasuk dalam kategori Kegiatan               Issuance and Requirements of Green Bond as
     Usaha        Berwawasan      Lingkungan      (KUBL)          amended by POJK No. 18/2023 concerning Issuance                 Obligasi Berkelanjutan I Tahap III ditawarkan dengan          Continuous Bonds I Phase III is offered at 100% (one
     sebagaimana diatur dalam Peraturan Otoritas Jasa             And Requirements of Sustainability Debt and Sukuk               nilai 100% (seratus persen) dari jumlah pokok                 hundred percent) of the principal amount of bonds. The
     Keuangan (POJK) No. 60/POJK.04/2017 tentang                  Securities, with allocation of at least 70% (seventy            obligasi. Bunga obligasi dibayarkan setiap triwulan,          bond interest is paid on quarterly basis with the first
     Penerbitan dan Persyaratan Efek Bersifat Utang               percent) goes to the financing of Environmental Based           dengan pembayaran bunga pertama dilakukan pada                interest payment was made on 21 December 2018,
     Berwawasan Lingkungan (Green Bond) sebagaimana               Business Activity.                                              tanggal 21 Desember 2018, sedangkan pembayaran                while the last interest payment and maturity date of the
     diubah dengan POJK No. 18/2023 tentang Penerbitan                                                                            bunga terakhir sekaligus jatuh tempo obligasi adalah          bonds on 21 September 2023 which is also the
     Dan Persyaratan Efek Bersifat Utang Dan Sukuk                                                                                pada tanggal 21 September 2023 yang juga                      redemption date of the principal amount of bonds. The
     Berlandaskan Keberlanjutan, dengan porsi paling
                                                                                                                                  merupakan tanggal pelunasan pokok obligasi.                   payment of the bonds principal is fully paid on the
     sedikit sebesar 70% (tujuh puluh persen) digunakan
                                                                                                                                  Pembayaran pokok obligasi telah dilakukan secara              maturity date. The trustee of the Continuous Bonds I
     untuk membiayai KUBL.
                                                                                                                                  penuh pada saat tanggal jatuh tempo. Wali amanat              Phase III issuance is PT Bank Permata Tbk.
                                                      Tingkat bunga tetap                                                         dari penerbitan Obligasi Berkelanjutan I Tahap III
                                                           per tahun/                                                             adalah PT Bank Permata Tbk.
                                Nilai nominal/         Fixed interest rate        Jatuh tempo/
          Obligasi              Nominal value              per annum              Maturity date               Bonds               Pada tanggal 15 Juni 2017, Bank Mandiri                       On 15 June 2017, Bank Mandiri issued Continuous
                                                                                                                                  menerbitkan Obligasi Berkelanjutan I Bank Mandiri             Bonds I Bank Mandiri Phase II Year 2017 (“Continuous
     Seri A                              350.000                      7,75%        12 Mei/May 2025                Series A        Tahap II Tahun 2017 (“Obligasi Berkelanjutan I Tahap          Bonds I Phase II”) with total nominal value of
     Seri B                              650.000                      8,30%        12 Mei/May 2027                Series B
                                                                                                                                  II”) dengan nilai nominal sebesar Rp6.000.000 yang            Rp6,000,000, which consist of 4 (four) series:
                                                                                                                                  terdiri atas 4 (empat) seri:
     Obligasi Berkelanjutan II Tahap I ditawarkan dengan          Continuous Bonds II Phase I is offered at 100% (one
     nilai 100% (seratus persen) dari jumlah pokok                hundred percent) of the principal amount of bonds. The
     obligasi. Bunga obligasi dibayarkan setiap triwulan,         bond interest is paid on quarterly basis with the first                                                          Tingkat bunga tetap
     dengan pembayaran bunga pertama dilakukan pada               interest payment was made on 12 August 2020, while                                                                    per tahun/
     tanggal 12 Agustus 2020, sedangkan pembayaran                the last interest payment and maturity date of the                                        Nilai nominal/          Fixed interest rate        Jatuh tempo/
     bunga terakhir sekaligus jatuh tempo obligasi adalah         bonds will be on 12 May 2025 for Series A and 12 May                 Obligasi             Nominal value               per annum              Maturity date               Bonds
     pada tanggal 12 Mei 2025 untuk seri A dan 12 Mei             2027 for Series B which is also the redemption date of
     2027 untuk seri B yang juga merupakan tanggal                the principal of each series of bonds. The payments of          Seri A                            1.000.000                    8,00%         15 Juni/June 2022               Series A
     pelunasan pokok dari masing-masing seri obligasi.            the bonds principal will be fully paid on the maturity          Seri B                            3.000.000                    8,50%         15 Juni/June 2024               Series B
     Pembayaran pokok obligasi dilakukan secara penuh             date. The trustee of the bond issuance of Continuous            Seri C                            1.000.000                    8,65%         15 Juni/June 2027               Series C
     pada saat tanggal jatuh tempo. Wali amanat dari              Bonds II Phase I is PT Bank Permata Tbk.                        Seri D                            1.000.000                    7,80%         15 Juni/June 2020               Series D
     penerbitan Obligasi Berkelanjutan II Tahap I adalah
     PT Bank Permata Tbk.



PT BANK MANDIRI (PERSERO) TBK                        1508       229                                                                                                                      1509
                                                                                                                                                                                            230                                    ANNUAL REPORT 2024
Page 477
        FINANCIAL STATEMENTS 2024


                                          PT BANK MANDIRI (PERSERO) Tbk.                                                                                             PT BANK MANDIRI (PERSERO) Tbk.
                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                   DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED             CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS           KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023          31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)        (Expressed in millions of Rupiah, unless otherwise stated)   (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)        (Expressed in millions of Rupiah, unless otherwise stated)


30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                     30. DEBT SECURITIES ISSUED (continued)                         30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                     30. DEBT SECURITIES ISSUED (continued)

     Obligasi (lanjutan)                                          Bonds (continued)                                              Obligasi (lanjutan)                                           Bonds (continued)

                                                                                                                                 Bank Mandiri (lanjutan)                                       Bank Mandiri (continued)
     Bank Mandiri (lanjutan)                                      Bank Mandiri (continued)
                                                                                                                                 Rupiah (lanjutan)                                             Rupiah (continued)
     Rupiah (lanjutan)                                            Rupiah (continued)
                                                                                                                                 Pada tanggal 31 Desember 2024 dan 31 Desember                 As of 31 December 2024 and 31 December 2023 the
     Obligasi Berkelanjutan I Tahap II Seri A, Seri B dan         Continuous Bonds I Phase II Series A, Series B and             2023, peringkat Obligasi Berkelanjutan I Tahap I,             Pefindo’s rating of Continuous Bonds I Phase I, Phase
     Seri C ditawarkan dengan nilai 100% (seratus persen)         Series C are offered at 100% (one hundred percent) of          Tahap II dan Tahap III menurut Pefindo adalah idAAA           II and Phase III is idAAA (triple A).
     dari jumlah pokok obligasi. Bunga obligasi dibayarkan        the principal amount of the bonds. The interest of the         (triple A).
     setiap triwulan, dengan pembayaran bunga pertama             bond is paid on quarterly basis, with the first payment
     dilakukan pada tanggal 15 September 2017                     made on 15 September 2017 while the last interest              Selama berlakunya jangka waktu Obligasi dan                   During the validity periods of the Bonds and prior to the
     sedangkan pembayaran bunga terakhir sekaligus                payment date and maturity date of the bonds are on             sebelum dilunasinya jumlah terhutang, Bank Mandiri            repayment of the bonds, Bank Mandiri has to comply
     jatuh tempo obligasi adalah pada tanggal                     15 June 2022 for Series A, 15 June 2024 for Series B           berkewajiban untuk: (i) memelihara pada setiap saat           to: (i) maintain the overall Bank’s soundness level as
     15 Juni 2022 untuk Seri A, 15 Juni 2024 untuk Seri B         and 15 June 2027 for Series C which is also the                keadaan keuangan berada dalam kondisi sehat                   regulated by FSA; (ii) maintain the Bank’s soundness
     dan 15 Juni 2027 untuk Seri C yang juga merupakan            redemption date of the principal of each series of             sesuai ketentuan OJK; (ii) mempertahankan tingkat             level at a minimum in the composite level 3 (three)
                                                                                                                                 kesehatan Bank minimal berada dalam peringkat                 which is categorised as “Fair”, according to internal
     tanggal pelunasan pokok dari masing-masing seri              bonds. Series D bonds are offered without interest at a
                                                                                                                                 komposit 3 (tiga) yang tergolong “Cukup Baik”, sesuai         assessment based upon on Bank Indonesia’s
     obligasi. Obligasi Seri D ditawarkan tanpa bunga             bid price of 79.3146% (seventy nine point three one
                                                                                                                                 penilaian internal berdasarkan ketentuan Bank                 regulation; (iii) obtain and comply with permits and
     dengan harga penawaran senilai 79,3146% (tujuh               four six percent) of the principal amount of bonds and
                                                                                                                                 Indonesia; (iii) memperoleh, mematuhi segala                  approvals (from the government or other parties) and
     puluh sembilan koma tiga satu empat enam persen)             the maturity date is 15 June 2020. The trustee of the          ketentuan dan melakukan hal-hal yang diperlukan               comply to Indonesia’s laws and regulations.
     dari jumlah pokok obligasi dan telah jatuh tempo pada        Continuous Bonds I Phase II issuance is PT Bank                untuk menjaga tetap berlakunya segala izin dan
     tanggal 15 Juni 2020. Wali amanat dari penerbitan            Tabungan Negara (Persero) Tbk.                                 persetujuan (baik dari pemerintah ataupun lainnya)
     Obligasi Berkelanjutan I Tahap II adalah PT Bank                                                                            dan mematuhi peraturan perundang-undangan
     Tabungan Negara (Persero) Tbk.                                                                                              Republik Indonesia.

     Pada tanggal 30 September 2016, Bank Mandiri                 On 30 September 2016, Bank Mandiri issued                      Bank Mandiri tanpa persetujuan tertulis Wali Amanat           Bank Mandiri without written approval from the Trustee
     menerbitkan Obligasi Berkelanjutan I Bank Mandiri            Continuous Bonds I Bank Mandiri Phase I Year 2016              tidak akan melakukan hal-hal sebagai berikut: (i)             will not: (i) reduce the Bank’s issued and paid up capital
     Tahap I Tahun 2016 (“Obligasi Berkelanjutan I Tahap          (“Continuous Bonds I Phase I”) with total nominal value        mengurangi modal ditempatkan dan disetor kecuali              except such a reduction is conducted based on
     I”) dengan nilai nominal sebesar Rp5.000.000 yang            of Rp5,000,000 which consist of 3 (three) series:              karena adanya ketentuan Pemerintah atau Bank                  regulations from the Government of Indonesia or Bank
                                                                                                                                 Indonesia; (ii) mengadakan perubahan bidang usaha;            Indonesia; (ii) change its nature of business; (iii)
     terdiri atas 3 (tiga) seri:
                                                                                                                                 (iii) mengadakan penggabungan, konsolidasi, akuisisi          conducting merger, consolidation, or acquisitions which
                                                                                                                                 dengan entitas lain yang menyebabkan bubarnya                 led to the dissolution of Bank Mandiri.
                                                     Tingkat bunga tetap                                                         Bank Mandiri.
                                                          per tahun/
                                Nilai nominal/        Fixed interest rate        Jatuh tempo/                                    Obligasi ini tidak dijamin dengan suatu bentuk                The bonds are not guaranteed by any form of special
         Obligasi               Nominal value             per annum              Maturity date               Bonds               jaminan khusus, kecuali jaminan umum sebagaimana              guarantee, except for the general guarantee as referred
                                                                                                                                 dimaksud dalam dan sesuai dengan ketentuan Pasal              and in accordance with the Article 1131 and Article
     Seri A                             1.100.000                  7,95%        30 September 2021                Series A        1131 dan Pasal 1132 Kitab Undang-Undang Hukum                 1132 of the Indonesian Civil Law, all the assets of the
     Seri B                             1.500.000                  8,50%        30 September 2023                Series B        Perdata Indonesia yakni seluruh harta kekayaan                Bank, either moving objects and objects that are not
     Seri C                             2.400.000                  8,65%        30 September 2026                Series C        Bank, baik benda bergerak maupun tidak bergerak,              moving, present or future, shall be regarded as
                                                                                                                                 baik yang telah ada maupun yang akan ada di                   securities for all the Bank’s agreements including those
     Bunga Obligasi Berkelanjutan I Tahap I dibayarkan            The interest of Continuous Bonds I Phase I is paid on a        kemudian hari, menjadi tanggungan untuk seluruh               bonds.
     setiap triwulan, dengan pembayaran bunga pertama             quarterly basis, with the first interest payment made on       perikatan Bank termasuk obligasi tersebut.
     dilakukan pada tanggal 30 Desember 2016                      30 December 2016 while the last interest and principal
     sedangkan pembayaran bunga obligasi terakhir                 payment date of the bonds are on 30 September 2021             Mata Uang Asing                                               Foreign Currency
     sekaligus jatuh tempo obligasi adalah 30 September           for Series A, 30 September 2023 for Series B and
                                                                                                                                 Pada tanggal 4 April 2023, Bank Mandiri menerbitkan           On 4 April 2023, Bank Mandiri issued the fourth Euro
     2021 untuk Seri A, 30 September 2023 untuk Seri B,           30 September 2026 for Series C which is also the
                                                                                                                                 Euro Medium Term Notes (EMTN) keempat dengan                  Medium Term Notes (EMTN) with nominal value of
     dan 30 September 2026 untuk seri C yang juga                 redemption date the principal of each series of bonds.
                                                                                                                                 nilai nominal sebesar USD300.000.000 (nilai penuh)            USD300,000,000 (full amount) in Singapore Exchange
     merupakan tanggal pelunasan pokok dari masing-               Principal payment for Series A and Series B are fully          di Singapore Exchange (SGX) sebagai berikut:                  (SGX) as follow:
     masing seri obligasi. Pembayaran pokok obligasi              paid on the maturity date. The trustee for Continuous
     untuk Seri A dan Seri B telah dilakukan secara penuh         Bonds I Phase I is PT Bank Tabungan Negara                                                                      Tingkat bunga tetap
     pada saat tanggal jatuh tempo. Wali amanat dari              (Persero) Tbk.                                                                                                       per tahun/
     penerbitan Obligasi Berkelanjutan I Tahap I adalah                                                                                                    Nilai nominal/          Fixed interest rate         Jatuh tempo/
     PT Bank Tabungan Negara (Persero) Tbk.                                                                                           Obligasi             Nominal value               per annum               Maturity date                Bonds

                                                                                                                                 Euro Medium                                                                                               Euro Medium
                                                                                                                                   Term Notes               USD300.000.000                      5,50%                4 April 2026          Term Notes



PT BANK MANDIRI (PERSERO) TBK                        1510       231                                                                                                                      1511
                                                                                                                                                                                            232                                     ANNUAL REPORT 2024
Page 478
        FINANCIAL STATEMENTS 2024


                                          PT BANK MANDIRI (PERSERO) Tbk.                                                                                                PT BANK MANDIRI (PERSERO) Tbk.
                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED                CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS              KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023             31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)        (Expressed in millions of Rupiah, unless otherwise stated)      (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)        (Expressed in millions of Rupiah, unless otherwise stated)

                                                                                                                                30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                     30. DEBT SECURITIES ISSUED (continued)
30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                     30. DEBT SECURITIES ISSUED (continued)
                                                                                                                                    Obligasi (lanjutan)                                           Bonds (continued)
     Obligasi (lanjutan)                                          Bonds (continued)
                                                                                                                                    Bank Mandiri (lanjutan)                                       Bank Mandiri (continued)
     Bank Mandiri (lanjutan)                                      Bank Mandiri (continued)
                                                                                                                                    Mata Uang Asing (lanjutan)                                    Foreign Currency (continued)
     Mata Uang Asing (lanjutan)                                   Foreign Currency (continued)
                                                                                                                                    Obligasi Euro Medium Term Notes (EMTN) kedua                  The second EMTN is offered at 99.255% (ninety nine
     Obligasi EMTN keempat ditawarkan dengan nilai                The fourth EMTN is offered at 99.58% (ninety-nine                 ditawarkan dengan nilai 99,255% (sembilan puluh               point two five five percent) of the principal amount of
                                                                                                                                    sembilan koma dua lima lima persen) dari jumlah               bonds. The interest is paid on semi-annual basis with
     99,58% (sembilan puluh sembilan koma lima delapan            point five eight percent) of the principal amount of the          pokok obligasi. Bunga obligasi dibayarkan setiap              the first interest payment was made on 13 November
     persen) dari jumlah pokok obligasi. Bunga obligasi           bonds. The bond interest is paid on semi-annual basis,            semester, dengan pembayaran bunga pertama                     2020, while the last interest payment and maturity date
     dibayarkan setiap semester, dengan pembayaran                with the first interest payment scheduled on 4 October            dilakukan pada tanggal 13 November 2020,                      of the bonds principal on 13 May 2025 which is also the
     bunga pertama dilakukan pada tanggal 4 Oktober               2023 and the last interest payment and due date of the            sedangkan pembayaran bunga terakhir sekaligus                 redemption date of the principal amount of bonds. The
     2023, sedangkan pembayaran bunga terakhir                    bond principal on 4 April 2026, which also the due date           jatuh tempo obligasi adalah pada tanggal 13 Mei 2025          trustee of the EMTN bond issuance is Bank of New
     sekaligus jatuh tempo obligasi adalah pada tanggal           of the principal amount of the bonds. The trustee of the          yang juga merupakan tanggal pelunasan pokok dari              York Mellon.
     4 April 2026 yang juga merupakan tanggal pelunasan           EMTN bond issuance is Bank of New York Mellon.                    obligasi. Wali amanat dari penerbitan EMTN adalah
     pokok dari obligasi. Wali amanat dari penerbitan                                                                               Bank of New York Mellon.
     EMTN adalah Bank of New York Mellon.
                                                                                                                                    Pada tanggal 31 Desember 2024 dan 2023, peringkat             As of 31 December 2024 and 2023, the second EMTN
     Pada tanggal 31 Desember 2024 dan 31 Desember                As of 31 December 2024 and 31 December 2023, the                  EMTN kedua adalah Baa2 (Moody’s) dan BBB- (Fitch              is rated Baa2 (Moody’s) and BBB- (Fitch Ratings).
     2023, peringkat EMTN keempat adalah Baa2                     credit ratings for the fourth EMTN are Baa2 (Moody’s)             Ratings).
     (Moody’s) dan BBB- (Fitch Ratings).                          and BBB- (Fitch Ratings).
                                                                                                                                    Pada tanggal 11 April 2019, Bank Mandiri                      On 11 April 2019 Bank Mandiri issued the first EMTN
     Pada tanggal 19 April 2021, Bank Mandiri                     On 19 April 2021, Bank Mandiri issued the third EMTN,             menerbitkan Euro Medium Term Notes (EMTN)                     with total nominal value of USD750,000,000 (full
     menerbitkan EMTN ketiga, yaitu Sustainability Bond           namely Bank Mandiri Sustainability Bond 2021, with                pertama    dengan    nilai      nominal sebesar               amount) on the Singapore Exchange (SGX) as follow:
     Bank Mandiri 2021, dengan nilai nominal sebesar              total nominal value of USD300,000,000 (full amount) on            USD750.000.000 (nilai penuh) di Singapore
     USD300.000.000 (nilai penuh) di Singapore                    the Singapore Exchange (SGX) as follows:                          Exchange (SGX) sebagai berikut:
     Exchange (SGX) sebagai berikut:                                                                                                                                                 Tingkat bunga tetap
                                                                                                                                                                                          per tahun/
                                                     Tingkat bunga tetap                                                                                      Nilai nominal/          Fixed interest rate        Jatuh tempo/
                                                          per tahun/                                                                     Obligasi             Nominal value               per annum              Maturity date                Bonds
                                Nilai nominal/        Fixed interest rate         Jatuh tempo/
         Obligasi               Nominal value             per annum               Maturity date                Bonds                Euro Medium                                                                                              Euro Medium
                                                                                                                                      Term Notes               USD750.000.000                      3,75%               11 April 2024         Term Notes
     Euro Medium                                                                                             Euro Medium
       Term Notes                USD300.000.000                    2,00%               19 April 2026         Term Notes             Obligasi Euro Medium Term Notes (EMTN) pertama                The first EMTN is offered at 98.998% (ninety eight
                                                                                                                                    ditawarkan dengan nilai 98,998% (sembilan puluh               point nine nine eight percent) of the principal amount of
     Sustainability Bond Bank Mandiri 2021 ditawarkan             Bank Mandiri Sustainability Bond 2021 are offered at a            delapan koma sembilan sembilan delapan persen)                bonds. The interest is paid on semi-annual basis with
     dengan nilai 98,913% (sembilan puluh delapan koma            value of 98.913% (ninety eight point nine one three               dari jumlah pokok obligasi. Bunga obligasi dibayarkan         the first interest payment was made on 11 October
     sembilan satu tiga persen) dari jumlah pokok obligasi.       percent) of the principal amount of the bonds. Bond               setiap semester, dengan pembayaran bunga pertama              2019, while the last interest payment and maturity date
     Bunga obligasi dibayarkan setiap semester, dengan            interest is paid every semester, with the first interest          dilakukan pada tanggal 11 Oktober 2019, sedangkan             of the bonds principal on 11 April 2024 which is also
                                                                                                                                    pembayaran bunga terakhir sekaligus jatuh tempo               the redemption date of the principal amount of bonds.
     pembayaran bunga pertama dilakukan pada tanggal              payment being made on 19 October 2021, while the                  obligasi adalah pada tanggal 11 April 2024 yang juga          The payment of the bonds principal is fully paid on the
     19 Oktober 2021, sedangkan pembayaran bunga                  last interest payment is at the same time the bond                merupakan tanggal pelunasan pokok dari obligasi.              maturity date. The trustee of the EMTN bond issuance
     terakhir sekaligus jatuh tempo obligasi adalah pada          maturity on 19 April 2026 which is also the principal             Pembayaran pokok obligasi telah dilakukan secara              is Bank of New York Mellon.
     tanggal 19 April 2026 yang juga merupakan tanggal            repayment date of the bonds. The trustee of the                   penuh pada saat tanggal jatuh tempo. Wali amanat
     pelunasan pokok dari obligasi. Wali amanat dari              issuance of EMTN is Bank of New York Mellon. The                  dari penerbitan EMTN adalah Bank of New York
     penerbitan EMTN adalah Bank of New York Mellon.              proceeds from the issuance of the Sustainability Bond             Mellon.
     Dana hasil penerbitan Sustainability Bond tersebut           will be used to finance or refinance projects or activities
     akan digunakan untuk membiayai atau membiayai                that are environmentally and socially sound, in                   Pada tanggal 31 Desember 2024 dan 2023, peringkat             As of 31 December 2024 and 2023, the first EMTN is
     kembali proyek atau kegiatan yang berwawasan                 accordance with the criteria set out in Bank Mandiri's            EMTN pertama adalah Baa2 (Moody’s) dan BBB-                   rated Baa2 (Moody’s) and BBB- (Fitch Ratings).
     lingkungan dan sosial, sesuai dengan kriteria yang           Sustainability Bond Framework.                                    (Fitch Ratings).
     ditetapkan dalam Sustainability Bond Framework
     Bank Mandiri.                                                                                                                  Entitas Anak                                                  Subsidiaries

     Pada tanggal 31 Desember 2024 dan 31 Desember                As of 31 December 2024 and 31 December 2023, the                  Rupiah                                                        Rupiah
     2023, peringkat EMTN ketiga adalah Baa2 (Moody’s)            third EMTN's ratings are Baa2 (Moody's) and BBB-
     dan BBB- (Fitch Ratings).                                    (Fitch Ratings).                                                  Pada tanggal 28 April 2021, Entitas Anak (Bank                On 28 April 2021, the Subsidiary (Bank Mandiri Taspen
                                                                                                                                    Mandiri Taspen (“Bank Mantap”)) menerbitkan dan               (“Bank Mantap”)) issued and registered the Continuous
     Pada tanggal 13 Mei 2020, Bank Mandiri menerbitkan           On 13 May 2020 Bank Mandiri issued the second                     mendaftarkan Obligasi Berkelanjutan I Tahap II tahun          Bonds I Phase II Year 2021 to the Indonesia Stock
     Euro Medium Term Notes (EMTN) kedua dengan nilai             EMTN with total nominal value of USD500,000,000 (full             2021 ke Bursa Efek Indonesia dengan nilai nominal             Exchange with a nominal value of Rp2,000,000 with
     nominal sebesar USD500.000.000 (nilai penuh) di              amount) on the Singapore Exchange (SGX) as follow:                sebesar Rp2.000.000 yang terdiri atas 2 (dua) seri:           consist of 2 (two) series:
     Singapore Exchange (SGX) sebagai berikut:
                                                                                                                                                                                     Tingkat bunga tetap
                                                     Tingkat bunga tetap                                                                                                                  per tahun/
                                                          per tahun/                                                                                          Nilai nominal/          Fixed interest rate        Jatuh tempo/
                                Nilai nominal/        Fixed interest rate         Jatuh tempo/                                           Obligasi             Nominal value               per annum              Maturity date                Bonds
         Obligasi               Nominal value             per annum               Maturity date                Bonds                Seri A                              800.000                    6,50%               28 April 2024              Series A
     Euro Medium                                                                                             Euro Medium            Seri B                            1.200.000                    7,25%               28 April 2026              Series B
       Term Notes                USD500.000.000                    4,75%           13 Mei/May 2025           Term Notes



PT BANK MANDIRI (PERSERO) TBK                        1512       233                                                                                                                         1513
                                                                                                                                                                                               234                                     ANNUAL REPORT 2024
Page 479
        FINANCIAL STATEMENTS 2024


                                          PT BANK MANDIRI (PERSERO) Tbk.                                                                                             PT BANK MANDIRI (PERSERO) Tbk.
                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                   DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED             CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS           KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023          31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)        (Expressed in millions of Rupiah, unless otherwise stated)   (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)        (Expressed in millions of Rupiah, unless otherwise stated)


30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                     30. DEBT SECURITIES ISSUED (continued)                         30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                     30. DEBT SECURITIES ISSUED (continued)

     Obligasi (lanjutan)                                          Bonds (continued)                                              Obligasi (lanjutan)                                           Bonds (continued)

     Entitas Anak (lanjutan)                                      Subsidiaries (continued)                                       Entitas Anak (lanjutan)                                       Subsidiaries (continued)

     Rupiah (lanjutan)                                            Rupiah (continued)                                             Rupiah (lanjutan)                                             Rupiah (continued)

     Bunga obligasi dibayarkan setiap triwulanan, dengan          Bond interest is paid quarterly, with the first interest       Pada tanggal 11 November 2024 Entitas Anak                    On 11 November 2024, the Subsidiary (PT Mandiri
     pembayaran bunga pertama masing-masing seri akan             payment for each series will be made on 28 July 2021           (PT Mandiri Tunas Finance) telah menerbitkan                  Tunas Finance) issued Mandiri Tunas Finance
     dilakukan pada tanggal 28 Juli 2021 sedangkan                while the last interest payment as well as the maturity
                                                                                                                                 Obligasi Berkelanjutan VI Mandiri Tunas Finance               Continuing Bonds VI Phase IV Year 2024 (“Continuing
     pembayaran bunga terakhir sekaligus jatuh tempo              of the bonds will be on 28 April 2024 for Series A and
                                                                                                                                 Tahap IV Tahun 2024 (”Obligasi Berkelanjutan VI               Bonds VI Phase IV”) to the Indonesia Stock Exchange
     obligasi adalah pada tanggal 28 April 2024 untuk Seri        28 April 2026 for Series B.
                                                                                                                                 Tahap IIV”) ke Bursa Efek Indonesia dengan nominal            with total nominal value of Rp1,609,110 with details as
     A dan tanggal 28 April 2026 untuk Seri B.
                                                                                                                                 sebesar Rp1.609.110 dengan rincian sebagai berikut:           follows:
     Wali amanat dari penerbitan Obligasi Berkelanjutan I         The trustee of the issuance of the Continuous Bonds I
     Tahap II tahun 2021 adalah PT Bank Permata Tbk.              Phase II year 2021 is PT Bank Permata Tbk. As of 31            Wali amanat dari penerbitan Obligasi Berkelanjutan VI         The trustee for Continuous Bonds VI Phase IV is
     Pada tanggal 31 Desember 2024 dan 31 Desember                December 2024 and 31 December 2023, the rating for             Tahap IV adalah PT Bank Rakyat Indonesia (Persero)            PT Bank Rakyat Indonesia (Persero) Tbk.
     2023, peringkat Obligasi Berkelanjutan I Tahap II            the Continuous Bonds I Phase II year 2021 Bank                 Tbk.
     tahun 2021 Bank Mantap menurut PT Fitch Ratings              Mantap according to PT Fitch Ratings Indonesia is AA
     Indonesia adalah AA (idn) (double A).                        (idn) (double A)                                                                                               Tingkat bunga tetap
                                                                                                                                                                                      per tahun/
     Pada tanggal 26 November 2019, Entitas Anak (Bank            On 26 November 2019, the Subsidiary (Bank Mandiri                                        Nilai nominal/         Fixed interest rate        Jatuh tempo/
     Mandiri Taspen “Bank Mantap”) menerbitkan dan                Taspen “Bank Mantap”) issued and registered the                    Obligasi              Nominal value              per annum              Maturity date                Bonds
     mendaftarkan Obligasi I Berkelanjutan Tahap I tahun          Continuous Bond I Phase I Year 2019 to Indonesia
     2019 ke Bursa Efek Indonesia dengan nilai nominal            Stock Exchange with total nominal value of                     Seri A                              423.735                   6,70%       19 Nov/Nov 2027                     Series A
     sebesar Rp1.000.000 yang terdiri atas 2 (dua) seri:          Rp1,000,000 in which consist of 2 (two) series:                Seri B                            1.185.375                   7,25%       19 Nov/Nov 2027                     Series B

                                                     Tingkat bunga tetap                                                         PT Pefindo telah menetapkan kembali peringkat                 PT Pefindo has rated the Continuing Bonds as idAAA
                                                          per tahun/                                                             idAAA (Triple A) terhadap Obligasi Berkelanjutan VI           (Triple A) of Continuing Bonds IV Phase IV with the
                                Nilai nominal/        Fixed interest rate        Jatuh tempo/                                    Tahap IV terakhir sesuai dengan suratnya No. RTG-             latest based on its report No. RTG-363/PEF-
         Obligasi               Nominal value             per annum              Maturity date               Bonds               363/PEF-DIR/X/2024 tanggal 8 Oktober 2024 untuk               DIR/X/2024 dated 8 October 2024 for the period 6
                                                                                                                                 periode 6 Maret 2024 sampai dengan 1 Maret 2025.              March 2024 until 1 March 2025.
     Seri A                              700.000                   7,90%        26 November 2022                 Series A
     Seri B                              300.000                   8,20%        26 November 2024                 Series B        Peringkat Obligasi Berkelanjutan VI Tahap I, Tahap II,        As of 31 December 2024 and 31 December 2023,
                                                                                                                                 tahap III, dan IV menurut Pefindo pada tanggal                based on Pefindo’s rating, Continuous Bonds VI Phase
     Bunga obligasi dibayarkan setiap triwulanan, dengan          Bonds interest were paid on quarterly basis, with the          31 Desember 2024 dan 31 Desember 2023 adalah                  I Phase II phase III and phase IV are rated idAAA
     pembayaran bunga pertama dilakukan pada tanggal              first interest payment was made on 26 February 2020,           idAAA (Triple A).                                             (Triple A).
     26 Februari 2020, sedangkan pembayaran bunga                 while the last interest payment and maturity of the
     terakhir sekaligus jatuh tempo obligasi adalah pada          bonds on 26 November 2022 for Series A and                    Pada tanggal 28 Mei 2024 Entitas Anak (PT Mandiri              On 28 May 2024, the Subsidiary (PT Mandiri Tunas
     tanggal 26 November 2022 untuk Seri A dan                    26 November 2024 for Series B which also the date for         Tunas    Finance)   telah    menerbitkan    Obligasi           Finance) issued Mandiri Tunas Finance Continuing
     26 November 2024 untuk Seri B yang juga                      principal repayment of each bond.                             Berkelanjutan VI Mandiri Tunas Finance Tahap III               Bonds VI Phase III Year 2024 (“Continuing Bonds VI
     merupakan tanggal pelunasan pokok dari masing-                                                                             Tahun 2024 (”Obligasi Berkelanjutan VI Tahap III”) ke          Phase III”) to the Indonesia Stock Exchange with total
     masing obligasi.                                                                                                           Bursa Efek Indonesia dengan nominal sebesar                    nominal value of Rp1,163,085 with details as follows:
                                                                                                                                Rp1.163.085 dengan rincian sebagai berikut:
     Wali amanat dari penerbitan Obligasi Berkelanjutan I         Trustee for Continuous Bond I Phase I PT Bank
     Tahap I Bank Mantap tahun 2019 adalah PT Bank                Mandiri Taspen Year 2019 is PT Bank Permata Tbk.              Wali amanat dari penerbitan Obligasi Berkelanjutan             The trustee for Continuous Bonds VI Phase III is
     Permata Tbk. Pada tanggal 31 Desember 2023 dan               As of 31 December 2023 and 2022, Continuous Bond I            VI Tahap III adalah PT Bank Rakyat Indonesia                   PT Bank Rakyat Indonesia (Persero) Tbk.
     2022 peringkat Obligasi Berkelanjutan I Tahap I Bank         Phase I Bank Mantap Year 2019 is rated AA (idn)
                                                                                                                                (Persero) Tbk.
     Mantap tahun 2019 menurut PT Fitch Ratings                   (double A) by PT Fitch Ratings Indonesia.
     Indonesia adalah AA (idn) (double A).
                                                                                                                                                                                 Tingkat bunga tetap
     Bank Mantap tanpa persetujuan tertulis Wali Amanat           Bank Mantap, without written approval from the                                                                      per tahun/
     tidak akan melakukan hal-hal sebagai berikut:                Trustee, will not do the following things: (i) reduce                                    Nilai nominal/         Fixed interest rate        Jatuh tempo/
     (i) mengurangi modal ditempatkan dan disetor kecuali         issued and paid-up capital unless there are provisions             Obligasi              Nominal value              per annum              Maturity date                Bonds
     karena adanya ketentuan Pemerintah atau Bank                 from the Government or Bank Indonesia; (ii) making
                                                                                                                                 Seri A                               81.590                   7,00%       28 Mei/May 2027                    Series A
     Indonesia; (ii) mengadakan perubahan bidang usaha;           changes to business fields; (iii) carrying out a merger,
                                                                                                                                 Seri B                            1.081.495                   7,25%       28 Mei/May 2027                    Series B
     (iii) mengadakan penggabungan, konsolidasi, akuisisi         consolidation, acquisition with another entity which
     dengan entitas lain yang menyebabkan bubarnya                causes the dissolution of Bank Mantap.
     Bank Mantap.



PT BANK MANDIRI (PERSERO) TBK                        1514       235                                                                                                                       1515
                                                                                                                                                                                             236                                 ANNUAL REPORT 2024
Page 480
        FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                              PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED              CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS            KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                  31 DECEMBER 2024 AND 2023           31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)         (Expressed in millions of Rupiah, unless otherwise stated)    (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)        (Expressed in millions of Rupiah, unless otherwise stated)


30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                      30. DEBT SECURITIES ISSUED (continued)                          30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                     30. DEBT SECURITIES ISSUED (continued)

                                                                                                                                   Obligasi (lanjutan)                                           Bonds (continued)
     Obligasi (lanjutan)                                           Bonds (continued)
                                                                                                                                   Entitas Anak (lanjutan)                                       Subsidiaries (continued)
     Entitas Anak (lanjutan)                                       Subsidiaries (continued)
                                                                                                                                   Rupiah (lanjutan)                                             Rupiah (continued)
     Rupiah (lanjutan)                                             Rupiah (continued)                                              Pada tanggal 23 Februari 2022, Entitas Anak                   On 23 February 2022, the Subsidiary (PT Mandiri
                                                                                                                                   (PT Mandiri Tunas Finance) menerbitkan Obligasi               Tunas Finance) issued Continuous Bonds V Phase III
    PT Pefindo telah menetapkan kembali peringkat                  PT Pefindo has rated the Continuing Bonds as idAAA              Berkelanjutan V Tahap III Tahun 2022 (''Obligasi              Year 2022 (“Continuous Bonds V Phase III”) with total
    idAAA (Triple A) terhadap Obligasi Berkelanjutan VI            (Triple A) of Continuing Bonds VI Phase III with the            Berkelanjutan V Tahap III'') dengan nilai nominal             nominal value of Rp1,228,055 which consist of 2 (two)
    Tahap III terakhir sesuai dengan suratnya No. RTG-             latest based on its report No. RTG-132/PEF-                     sebesar Rp1.228.055 yang terdiri atas 2 (dua) seri:           series:
    132/PEF-DIR/V/2024 tanggal 3 Mei 2024 untuk                    DIR/V/2024 dated 3 May 2024 for the period 6 March
                                                                                                                                                                                    Tingkat bunga tetap
    periode 6 Maret 2024 sampai dengan 1 Maret 2025.               2024 until 1 March 2025.                                                                                              per tahun/
                                                                                                                                                             Nilai nominal/          Fixed interest rate         Jatuh tempo/
     Peringkat Obligasi Berkelanjutan VI Tahap I, Tahap II         As of 31 December 2024 and 2023, based on Pefindo’s                  Obligasi             Nominal value               per annum               Maturity date             Bonds
     dan Tahap III menurut Pefindo pada tanggal                    rating, Continuous Bonds VI Phase I, Phase II and
     31 Desember 2024 dan 2023 adalah idAAA (Triple A).            Phase III are rated idAAA (Triple A).                                                                                                         23 Februari/
                                                                                                                                   Seri A                              851.440                    5,90%         February 2025                  Series A
     Pada tanggal 27 September 2023, Entitas Anak                  On 27 September 2023, the Subsidiary (PT Mandiri                                                                                              23 Februari/
                                                                                                                                   Seri B                              376.615                    6,75%         February 2027                  Series B
     (PT Mandiri Tunas Finance) menerbitkan Obligasi               Tunas Finance) issued Continuous Bonds VI Phase II
     Berkelanjutan VI Tahap II Tahun 2023 (''Obligasi              Year 2023 (“Continuous Bonds VI Phase II”) with total           Wali amanat dari penerbitan Obligasi Berkelanjutan V          Trustee for Continuous Bonds V Phase III is PT Bank
     Berkelanjutan VI Tahap II'') dengan nilai nominal             nominal value of Rp1,131,110 which consist of 2 (two)           Tahap III adalah PT Bank Rakyat Indonesia (Persero)           Rakyat Indonesia (Persero) Tbk.
                                                                                                                                   Tbk.
     sebesar Rp1.131.110 yang terdiri atas 2 (dua) seri:           series:
                                                                                                                                   Pada tanggal 20 Mei 2021, Entitas Anak (PT Mandiri            On 20 May 2021, the Subsidiary (PT Mandiri Tunas
                                                     Tingkat bunga tetap                                                           Tunas Finance) menerbitkan dan mendaftarkan                   Finance) issued and registered Continuous Bonds V
                                                          per tahun/                                                               Obligasi Berkelanjutan V Mandiri Tunas Finance                Mandiri Tunas Finance Phase II Year 2021
                                                                                                                                   Tahap II Tahun 2021 (“Obligasi Berkelanjutan V                (“Continuous Bonds V Phase II”) to the Indonesia Stock
                                Nilai nominal/        Fixed interest rate        Jatuh tempo/                                      Tahap II”) ke Bursa Efek Indonesia dengan nilai               Exchange with total nominal value of Rp1,400,850
         Obligasi               Nominal value             per annum              Maturity date                Bonds                nominal sebesar Rp1.400.850 yang terdiri atas 2               which consist of 2 (two) series:
                                                                                                                                   (dua) seri:
     Seri A                              804.175                   6,50%      27 September 2026                    Series A
                                                                                                                                                                                    Tingkat bunga tetap
     Seri B                              326.935                   6,75%      11 September 2028                    Series B                                                              per tahun/
                                                                                                                                                             Nilai nominal/          Fixed interest rate        Jatuh tempo/
     Wali amanat dari penerbitan Obligasi Berkelanjutan            The trustee for the issuance of Continuous Bonds VI                  Obligasi             Nominal value               per annum              Maturity date              Bonds
     VI Tahap II adalah PT Bank Rakyat Indonesia                   Phase II is PT Bank Rakyat Indonesia (Persero) Tbk.
     (Persero) Tbk.                                                                                                                Seri A                              915.150                    7,00%       20 Mei/May 2024                  Series A

                                                                                                                                   Seri B                              485.700                    7,65%       20 Mei/May 2026                  Series B
     Pada tanggal 11 Juli 2023, Entitas Anak (PT Mandiri           On 11 July 2023, the Subsidiary (PT Mandiri Tunas
     Tunas Finance) menerbitkan Obligasi Berkelanjutan             Finance) issued Continuous Bonds VI Phase I Year                Wali amanat dari penerbitan Obligasi Berkelanjutan V          Trustee for Continuous Bonds V Phase II is PT Bank
                                                                                                                                   Tahap II adalah PT Bank Rakyat Indonesia (Persero)            Rakyat Indonesia (Persero) Tbk.
     VI Tahap I Tahun 2023 (''Obligasi Berkelanjutan VI            2023 ("Continuous Bonds VI Phase I") with a nominal             Tbk.
     Tahap I'') dengan nilai nominal sebesar Rp691.735             value of Rp691,735 consisting of 2 (two) series:
     yang terdiri atas 2 (dua) seri:                                                                                               Pada tanggal 13 Agustus 2020, Entitas Anak                    On 13 August 2020, the Subsidiary (PT Mandiri Tunas
                                                                                                                                   (PT Mandiri Tunas Finance) menerbitkan dan                    Finance) issued and registered Continuous Bonds V
                                                                                                                                   mendaftarkan Obligasi Berkelanjutan V Mandiri Tunas           Mandiri Tunas Finance Phase I Year 2020
                                                      Tingkat bunga tetap                                                          Finance Tahap I Tahun 2020 (“Obligasi Berkelanjutan           (“Continuous Bonds V Phase I”) to the Indonesia Stock
                                                           per tahun/                                                              V Tahap I”) ke Bursa Efek Indonesia dengan nilai              Exchange with total nominal value of Rp858,000 which
                                 Nilai nominal/        Fixed interest rate        Jatuh tempo/                                     nominal sebesar Rp858.000 yang terdiri atas 2 (dua)           consist of 2 (two) series:
          Obligasi               Nominal value             per annum              Maturity date               Bonds                seri:

                                                                                                                                                                                    Tingkat bunga tetap
     Seri A                                439.660                  6,00%           11 Juli/July 2026              Series A                                                              per tahun/
     Seri B                                252.075                  6,25%           11 Juli/July 2028              Series B                                  Nilai nominal/          Fixed interest rate        Jatuh tempo/
                                                                                                                                        Obligasi             Nominal value               per annum              Maturity date              Bonds
     Wali amanat dari penerbitan Obligasi Berkelanjutan VI         The trustee for the issuance of Continuous Bonds VI                                                                                           13 Agustus/
     Tahap I adalah PT Bank Rakyat Indonesia (Persero)             Phase II is PT Bank Rakyat Indonesia (Persero) Tbk.             Seri A                              472.000                    8,00%          August 2023                   Series A
     Tbk.                                                                                                                                                                                                        13 Agustus/
                                                                                                                                   Seri B                              386.000                    8,60%          August 2025                   Series B
     Entitas Anak telah memenuhi batasan-batasan yang              Subsidiary has fulfilled the restrictions required in the
     diwajibkan dalam perjanjian tersebut di atas.                 agreement above. As of 31 December 2024 and 2023,               Wali amanat dari penerbitan Obligasi Berkelanjutan V          Trustee for Continuous Bonds V Phase I is PT Bank
     Peringkat Obligasi Berkelanjutan VI Tahap I menurut           based on Pefindo’s rating, Continuous Bonds VI Phase            Tahap I adalah PT Bank Rakyat Indonesia (Persero)             Rakyat Indonesia (Persero) Tbk. Series A Bonds has
     Pefindo pada tanggal 31 Desember 2024 dan 2023                I is rated idAAA (Triple A).                                    Tbk. Obligasi Seri A telah jatuh tempo pada tanggal           matured on 13 August 2023.
     adalah idAAA (Triple A).                                                                                                      13 Agustus 2023.




PT BANK MANDIRI (PERSERO) TBK                         1516       237                                                                                                                      1517
                                                                                                                                                                                             238                                   ANNUAL REPORT 2024
Page 481
        FINANCIAL STATEMENTS 2024


                                          PT BANK MANDIRI (PERSERO) Tbk.                                                                                               PT BANK MANDIRI (PERSERO) Tbk.
                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED              CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS            KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                  31 DECEMBER 2024 AND 2023           31 DESEMBER 2024 DAN 2023                                                                31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)         (Expressed in millions of Rupiah, unless otherwise stated)    (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)       (Expressed in millions of Rupiah, unless otherwise stated)


30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                      30. DEBT SECURITIES ISSUED (continued)                          30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                    30. DEBT SECURITIES ISSUED (continued)

     Obligasi (lanjutan)                                           Bonds (continued)                                               Obligasi (lanjutan)                                          Bonds (continued)
     Entitas Anak (lanjutan)                                       Subsidiaries (continued)                                        Entitas Anak (lanjutan)                                      Subsidiaries (continued)
     Rupiah (lanjutan)                                             Rupiah (continued)
                                                                                                                                   Rupiah (lanjutan)                                            Rupiah (continued)
     Dalam perjanjian perwaliamanatan juga diatur                  The trustee agreement stipulates several restrictions
     beberapa pembatasan yang harus dipenuhi oleh                  that must be met by the Subsidiary, including providing         Pada tanggal 31 Desember 2024, seluruh efek-efek             As of 31 December 2024, all securities issued by
     MTF, antara lain memberikan jaminan fidusia berupa            fiduciary guarantees in the form of consumer financing          yang diterbitkan oleh PT Mandiri Tunas Finance               PT Mandiri Tunas Finance are secured by consumer
     piutang dilunasi pembiayaan konsumen dan rasio                receivables and total debt to equity ratio not exceeding        dijamin dengan piutang pembiayaan konsumen                   financing receivables amounted to Rp2,435,067
     jumlah pinjaman terhadap ekuitas tidak melebihi rasio         10:1. Moreover, as long as the principal of the bonds           sebesar Rp2.435.067 (2023: Rp2.654.370) (Catatan             (2023: Rp2,654,370) (Note 13f) and net investment
     10:1. Selain itu, selama pokok obligasi belum dilunasi,       has not been repaid, the Subsidiary is not permitted,           13f) dan investasi bersih dalam sewa pembiayaan              finance    leases    amounted    to    Rp433,293
     MTF tidak diperkenankan, antara lain melakukan                among other things, to enter into a business merger             sebesar RpRp433.293 (2023: Rp763.080) (Catatan               (2023: Rp763,080) (Note 14f).
     penggabungan usaha kecuali dilakukan pada bidang              unless it is carried out in the same line of business and       14f).
     usaha yang sama serta menjual atau mengalihkan                sell or transfer more than 50% of the Subsidiary's
     lebih dari 50% aset MTF kecuali untuk kegiatan usaha          assets except for the daily business activities of the
     MTF sehari-hari.                                              Subsidiary.                                                     Obligasi tersebut tidak dijamin dengan jaminan               These bonds are not secured by any special collateral.
                                                                                                                                   khusus. Dalam perjanjian perwaliamanatan juga                The trustee agreement provides several negative
     Peringkat Obligasi Berkelanjutan V Tahap I, II dan III        As of 31 December 2024 and 2023, based on Pefindo’s             diatur beberapa pembatasan yang harus dipenuhi               covenants to the Company, debt to equity ratio not to
     menurut Pefindo pada tanggal 31 Desember 2024                 rating, Continuous Bonds V Phase I, II and III are rated        oleh Entitas Anak, rasio jumlah pinjaman terhadap            exceed 10:1. Moreover, during the year that the bond
     dan 2023 adalah idAAA (Triple A).                             idAAA (Triple A).                                               ekuitas tidak melebihi rasio 10:1. Selain itu, selama        principals are still outstanding, the Company is not
                                                                                                                                   pokok obligasi belum dilunasi, Entitas Anak tidak            allowed to, among others, merge unless performed on
     Pada tanggal 26 Juli 2019, Entitas Anak (Mandiri              On 26 July 2019, the Subsidiary (PT Mandiri Tunas
                                                                                                                                   diperkenankan, antara lain melakukan penggabungan            the same business and to sell or assign more than 50%
     Tunas Finance) menerbitkan dan mendaftarkan                   Finance) issued and registered Continuous Bonds IV
     Obligasi Berkelanjutan IV Mandiri Tunas Finance               Mandiri Tunas Finance Phase II Year 2019                        usaha kecuali dilakukan pada bidang usaha yang               of the Company’s asset, except for the Company’s
     Tahap II Tahun 2019 (”Obligasi Berkelanjutan IV               (“Continuous Bonds IV Phase II”) to the Indonesia               sama serta menjual atau mengalihkan lebih dari 50%           normal business transactions. The Company has
     Tahap II”) ke Bursa Efek Indonesia dengan nilai               Stock Exchange with total nominal value of                      aset Entitas Anak kecuali untuk kegiatan usaha               complied with the covenants as required by the trustee
     nominal sebesar Rp2.000.000 yang terdiri atas 2               Rp2,000,000 which consist of 2 (two) series:                    Entitas Anak sehari-hari. Entitas Anak telah                 agreements.
     (dua) seri:                                                                                                                   memenuhi batasan-batasan yang diwajibkan dalam
                                                                                                                                   perjanjian tersebut diatas.
                                                      Tingkat bunga tetap
                                                           per tahun/                                                              Sukuk Mudharabah Berlandaskan Keberlanjutan                  Sustainable Mudharabah Sukuk
                                Nilai nominal/         Fixed interest rate        Jatuh tempo/
         Obligasi               Nominal value              per annum              Maturity date                Bonds               Pada tanggal tanggal 07 Juni 2024, Entitas Anak              On 07 June 2024, the Subsidiary (PT Bank Syariah
     Seri A                             1.342.000                   8,90%           26 Juli/July 2022              Series A        (PT Bank Syariah Indonesia (“BSI”)) menerbitkan              Indonesia ("BSI")) issued the year 2024 Sustainable
     Seri B                               658.000                   9,50%           26 Juli/July 2024              Series B        Sukuk Mudharabah Berlandaskan Keberlanjutan I                Mudharabah Sukuk I Bank BSI Phase I amounting to
                                                                                                                                   Bank BSI Tahap I Tahun 2024 sebesar Rp3.000.000              Rp3,000,000 with maturity set on 24 June 2025.
     Wali amanat dari penerbitan Obligasi Berkelanjutan IV         The trustee for Continuous Bonds IV Phase II is                 dan akan jatuh tempo pada tanggal 24 Juni 2025.
     Tahap II adalah PT Bank Mega Tbk. Obligasi Seri A             PT Bank Mega Tbk. Series A Bonds has matured on
     telah jatuh tempo pada tanggal 26 Juli 2022.                  26 July 2022.                                                   Sukuk Mudharabah Berlandaskan Keberlanjutan                  Sustainable Mudharabah Sukuk I Bank BSI Phase I
     Pada tanggal 8 Januari 2019, Entitas Anak (Mandiri            On 8 January 2019, the Subsidiary (PT Mandiri Tunas             Berkelanjutan I Bank BSI Tahap I Tahun 2024 ini              Year 2024 is issued without physical certificates,
     Tunas Finance) menerbitkan dan mendaftarkan                   Finance) issued and registered Continuous Bonds IV              diterbitkan tanpa warkat, kecuali Sertifikat Jumbo           except for the Jumbo Sukuk Mudharabah Certificate,
     Obligasi Berkelanjutan IV Mandiri Tunas Finance               Mandiri Tunas Finance Phase I Year 2019                         Sukuk Mudharabah yang diterbitkan untuk didaftarkan          which is issued in the name of KSEI as proof of
     Tahap I Tahun 2019 (“Obligasi Berkelanjutan IV                (“Continuous Bonds IV Phase I”) to the Indonesia Stock          atas nama KSEI sebagai bukti kepemilikan untuk               ownership for the benefit of the Sukuk Mudharabah
     Tahap I”) ke Bursa Efek Indonesia dengan nilai                Exchange with total nominal value of Rp1,000,000                kepentingan Pemegang Sukuk Mudharabah. Sukuk                 holders. Sustainable Mudharabah Sukuk I Bank BSI
     nominal sebesar Rp1.000.000 yang terdiri atas 2               which consist of 2 (two) series:                                Mudharabah        Berlandaskan       Keberlanjutan           Phase I Year 2024 is issued with a rating of idAAA(sy)
     (dua) seri:                                                                                                                   Berkelanjutan I Bank BSI Tahap I Tahun 2024                  (triple A Sharia) rated by Pefindo.
                                                                                                                                   diterbitkan dengan peringkat idAAA(sy) (triple A
                                                      Tingkat bunga tetap                                                          Syariah) berdasarkan pemeringkatan dari Pefindo.
                                                           per tahun/
                                Nilai nominal/         Fixed interest rate        Jatuh tempo/
         Obligasi               Nominal value              per annum              Maturity date                Bonds               Jumlah dana Sukuk Mudharabah Berlandaskan                    The total funds for Sustainable Mudharabah Sukuk I
                                                                                                                                   Keberlanjutan Berkelanjutan I Bank BSI Tahap I               Bank BSI Phase I Year 2024 amount to Rp3,000,000,
                                                                                     8 Januari/                                    Tahun 2024 sebesar Rp3.000.000, yang terdiri dari:           consisting of: (a) Mudharabah Sukuk Series A with a
     Seri A                              800.000                    9,40%          January 2022                    Series A        (a) Sukuk Mudharabah Seri A dengan jumlah dana               total fund of Rp1,700,000 with a tenure of 370 calendar
                                                                                     8 Januari/                                    Sukuk Mudharabah sebesar Rp1.700.000, dengan                 days from the issuance date and maturing on 24 June
     Seri B                              200.000                    9,75%          January 2024                    Series B        jangka waktu 370 hari kalender sejak tanggal emisi           2025; (b) Mudharabah Sukuk Series B with a total fund
                                                                                                                                   dan akan jatuh tempo pada tanggal 24 Juni 2025; (b)          of Rp220,000 with a tenure of 2 years from the
     Wali amanat dari penerbitan Obligasi Berkelanjutan IV         The trustee for Continuous Bonds IV Phase I is PT
                                                                                                                                   Sukuk Mudharabah Seri B dengan jumlah dana                   issuance date and mature on 14 June 2026; and (c)
     Tahap I adalah PT Bank Rakyat Indonesia (Persero)             Bank Rakyat Indonesia (Persero) Tbk. Series A Bonds
     Tbk. Obligasi Seri A telah jatuh tempo pada tanggal 8         has matured on 8 January 2022.                                  Sukuk Mudharabah sebesar Rp220.000 dengan                    Mudharabah Sukuk Series C with a total fund of
     Januari 2022.                                                                                                                 jangka waktu 2 (dua) tahun sejak Tanggal Emisi dan           Rp1,080,000 with a tenure of 3 (three) years from the
                                                                                                                                   akan jatuh tempo pada tanggal 14 Juni 2026; dan (c)          issuance date and mature on 14 June 2027.
     Peringkat Obligasi Berkelanjutan IV Tahap I dan II            As of 31 December 2024 and 2023, based on Pefindo’s             Sukuk Mudharabah Seri C dengan jumlah dana
     menurut Pefindo pada tanggal 31 Desember 2024                 rating, Continuous Bonds IV Phase I and II are rated            Sukuk Mudharabah sebesar Rp1.080.000 dengan
     dan 2023 adalah idAAA (Triple A).                             idAAA (Triple A).                                               jangka waktu 3 (tiga) tahun sejak tanggal emisi dan
                                                                                                                                   akan jatuh tempo pada tanggal 14 Juni 2027.


PT BANK MANDIRI (PERSERO) TBK                         1518       239                                                                                                                       1519
                                                                                                                                                                                              240                                 ANNUAL REPORT 2024
Page 482
        FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                               PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED                CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS              KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023             31 DESEMBER 2024 DAN 2023                                                                31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)        (Expressed in millions of Rupiah, unless otherwise stated)      (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)       (Expressed in millions of Rupiah, unless otherwise stated)


30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                      30. DEBT SECURITIES ISSUED (continued)                           30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                    30. DEBT SECURITIES ISSUED (continued)

                                                                                                                                    Obligasi (lanjutan)                                          Bonds (continued)
     Obligasi (lanjutan)                                          Bonds (continued)
                                                                                                                                    Entitas Anak (lanjutan)                                      Subsidiaries (continued)
     Entitas Anak (lanjutan)                                      Subsidiaries (continued)
                                                                                                                                    Rupiah (lanjutan)                                            Rupiah (continued)
     Rupiah (lanjutan)                                            Rupiah (continued)
                                                                                                                                    Sertifikat Investasi Mudharabah Antarbank (SIMA)             Interbank Mudharabah Investment Certificate (SIMA)
                                                                                                                                    (lanjutan)                                                   (continued)
     Sukuk Mudharabah           Berlandaskan   Keberlanjutan      Sustainable Mudharabah Sukuk (continued)
     (lanjutan)                                                                                                                     Pada       tanggal   27      Juni    2024     sampai         On 27 June 2024 to 28 June 2024, the Subsidiary,
                                                                                                                                    28 Juni 2024, Entitas Anak PT Bank Syariah                   PT Bank Syariah Indonesia provided a committed line
     Nisbah dan pendapatan bagi hasil Sukuk                       The profit-sharing ratio and revenue of Sustainable               Indonesia memberikan fasilitas committed line melalui        facility through an Interbank Mudharabah Investment
     Mudharabah          Berlandaskan       Keberlanjutan         Mudharabah Sukuk I Bank BSI Phase I Year 2024 are                 Sertifikat Investasi Mudharabah Antarbank (SIMA)             Certificate (SIMA) amounting to Rp930,000 with a
     Berkelanjutan I Bank BSI Tahap I Tahun 2024                  categorized as follows: (a) Mudharabah Sukuk Series               sebesar Rp930.000 dengan jatuh tempo kurang dari             maturity of less than one month with a ratio of around
                                                                                                                                    satu bulan yang memiliki nilai nisbah sekitar 6,1% -         6.1% - 6.48%. This facility is not guaranteed by special
     dikelompokkan menjadi: (a) Sukuk Mudharabah Seri             A: The revenue sharing of the Mudharabah Sukuk is                 6,48%. Fasilitas ini tidak dijamin dengan agunan             collateral, including not guaranteed by the Republic of
     A: pendapatan bagi hasil Sukuk Mudharabah yang               calculated based on the multiplication of the profit-             khusus, termasuk tidak dijamin oleh Negara Republik          Indonesia or other third parties.
     dihitung berdasarkan perkalian antara Nisbah bagi            sharing ratio, where the ratio for Sukuk holders is               Indonesia atau pihak ketiga lainnya.
     hasil, dimana besarnya Nisbah Pemegang Sukuk                 74.72% and BSI ratio is 25.28% of the distributed
     adalah sebesar 74,72% dan Nisbah BSI adalah                  revenue, with a profit equivalent to 6.65% per annum;             Sukuk Mudharabah Muqayyadah I Tahap I dan II                 Sukuk Mudharabah Muqayyadah I Phase I and II
     sebesar 25,28% dari pendapatan yang dibagihasilkan           (b) Mudharabah Sukuk Series B: The revenue sharing                Pada tanggal 26 Juni 2023, Entitas Anak (PT Bank             On 26 June 2023, the Subsidiary (PT Bank Syariah
     dengan bagi hasil sebesar ekuivalen 6,65% per                of the Mudharabah Sukuk is calculated based on the                Syariah Indonesia Tbk) telah menerbitkan Sukuk               Indonesia Tbk) has issued a long term Sukuk
     tahun; (b) Sukuk Mudharabah Seri B: pendapatan               multiplication of the profit-sharing ratio, where the ratio       Mudharabah Muqayyadah Jangka Panjang Yang                    Mudharabah Muqayyadah without Public Offering I of
     bagi hasil Sukuk Mudharabah yang dihitung                    for Sukuk holders is 75.29% and BSI ratio is 24.71% of            Dilakukan Tanpa Melalui Penawaran Umum I.                    PT Bank BSI Tbk for the Year 2023 Phase I (“Sukuk
     berdasarkan perkalian antara Nisbah Bagi Hasil,              the distributed revenue, with a profit equivalent to              PT Bank BSI Tbk Tahun 2023 Tahap I (“Sukuk                   Mudharabah Muqayyadah I Phase I”) with a nominal
     dimana besarnya Nisbah Pemegang Sukuk adalah                 6.70% per annum; and (c) Mudharabah Sukuk Series                  Mudharabah Muqayyadah I Tahap I”) dengan nilai               value of Rp3,759. On 26 March 2024, the Bank
                                                                                                                                    nominal sebesar Rp3.759. Pada tanggal 26 Maret               reissued Long-Term Restricted Mudharabah Sukuk
     sebesar 75,29% dan Nisbah BSI adalah sebesar                 C: The revenue sharing of the Mudharabah Sukuk is                 2024, Bank menerbitkan kembali Sukuk Mudharabah              Without Public Offering I PT Bank BSI Tbk Year 2023
     24,71% dari pendapatan yang dibagihasilkan dengan            calculated based on the multiplication of the profit-             Muqayyadah Jangka Panjang yang Dilakukan Tanpa               Phase II (“Sukuk Mudharabah Muqayyadah I Phase II”)
     bagi hasil sebesar ekuivalen 6,70% per tahun; dan (c)        sharing ratio, where the ratio for Sukuk holders is               Melalui Penawaran Umum I PT Bank BSI Tbk Tahun               with a nominal value of Rp7,762. On 20 December
     Sukuk Mudharabah Seri C: pendapatan bagi hasil               76.41% and BSI ratio is 23.59% of the distributed                 2023 Tahap II (“Sukuk Mudharabah Muqayyadah I                2024, the Bank reissued Long-Term Restricted
     Sukuk Mudharabah yang dihitung berdasarkan                   revenue, with a profit equivalent to 6.80% per annum.             Tahap II”) dengan nilai nominal sebesar Rp7.762.             Mudharabah Sukuk Without Public Offering I PT Bank
                                                                                                                                    Pada tanggal 20 Desember 2024, Bank menerbitkan              BSI Tbk Year 2023 Phase III (“Sukuk Mudharabah
     perkalian antara Nisbah Bagi Hasil, dimana besarnya                                                                            kembali Sukuk Mudharabah Muqayyadah Jangka                   Muqayyadah I Phase III”) with a nominal value of
     Nisbah Pemegang Sukuk adalah sebesar 76,41% dan                                                                                Panjang yang Dilakukan Tanpa Melalui Penawaran               Rp7,969 with maximum limit of Rp100,000. The profit-
     Nisbah BSI adalah sebesar 23,59% pendapatan yang                                                                               Umum I PT Bank BSI Tbk Tahun 2023 Tahap III                  sharing ratio is 36.34% indicating approximately 0.55%
     dibagihasilkan dengan bagi hasil sebesar ekuivalen                                                                             (“Sukuk Mudharabah Muqayyadah I Tahap III”)                  per annum. Profit sharing is paid on a quarterly basis
     6,80% per tahun.                                                                                                               dengan nilai nominal sebesar Rp7.969        dengan           and will mature on 26 December 2035 for Sukuk
                                                                                                                                    maksimal plafon sebesar Rp100.000. Besarnya                  Mudharabah Muqayyadah I Phase I and 26 June 2036
                                                                                                                                    nisbah adalah sebesar 36,34% yang diindikasikan              Sukuk Mudharabah Muqayyadah I Phase II. The facility
     Bertindak sebagai wali amanat Sukuk Mudharabah               The Trustee for the 2024 BSI Sustainable Mudharabah               sebesar 0,55% per tahun. Bagi hasil dibayarkan               is not secured by any specific collateral, including not
     Berlandaskan Keberlanjutan Berkelanjutan I Bank BSI          Sukuk phase I is PT Bank Tabungan Negara (Persero)                setiap 3 (tiga) bulan dan akan jatuh tempo pada              guaranteed by the Republic of Indonesia or any third
     Tahap I Tahun 2024 adalah PT Bank Tabungan                   Tbk.                                                              tanggal 26 Desember 2035 untuk Sukuk Mudharabah              parties.
     Negara (Persero) Tbk.                                                                                                          Muqayyadah I Tahap I dan 26 Juni 2036 untuk Sukuk
                                                                                                                                    Mudharabah Muqayyadah I tahap II. Fasilitas ini tidak
                                                                                                                                    dijamin dengan agunan khusus, termasuk tidak
     Pada tanggal 30 September 2024, peringkat Sukuk              As of 30 September 2024, rating of Sustainable                    dijamin oleh Negara Republik Indonesia atau pihak
     Mudharabah Berlandaskan Keberlanjutan I Bank BSI             Mudharabah Sukuk I Bank BSI Phase I year 2024                     ketiga lainnya.
     Tahap I Tahun 2024 menurut Pefindo adalah                    according to Pefindo is idAAA(sy) (triple A sharia).
     idAAA(sy) (triple A syariah).                                                                                                  Penerbitan sukuk tersebut dilakukan dalam rangka             The issuance of the sukuk is carried out as part of the
                                                                                                                                    kerjasama antara BSI dengan BP Tapera selaku                 collaboration between BSI and BP Tapera, where BSI
                                                                                                                                    investor tunggal dimana BSI ditunjuk sebagai Bank            is appointed as the Sharia Housing Financing
     Sertifikat Investasi Mudharabah Antarbank (SIMA)             Interbank Mudharabah Investment Certificate (SIMA)                Penyalur KPR Tapera Syariah kepada peserta BP                Distributor to BP Tapera participants. This collaboration
                                                                                                                                    Tapera. Skema kerjasama tersebut diatur pada                 scheme is regulated under Law No. 4 year 2016 and
     Pada tanggal 20 Desember 2023 sampai                         On 20 December 2023 to 29 December 2023, the                      Undang-Undang No. 4 Tahun 2016 dan Peraturan                 Government Regulation No. 25 year 2020 regarding
     29 Desember 2023, Entitas Anak PT Bank Syariah               Subsidiary, PT Bank Syariah Indonesia provided a                  Pemerintah No. 25 tahun 2020 perihal pembiayaan              housing financing through Banks or financing
     Indonesia memberikan fasilitas committed line melalui        committed line facility through an Interbank                      perumahan     melalui   Bank    atau   perusahaan            companies.
     Sertifikat Investasi Mudharabah Antarbank (SIMA)             Mudharabah Investment Certificate (SIMA) amounting                pembiayaan.
     sebesar Rp1.628.176 dengan jatuh tempo kurang dari           to Rp1,628,176 with a maturity of less than one month             PT Bank Mandiri (Persero) Tbk. dan Entitas Anak              PT Bank Mandiri (Persero) Tbk. and the Subsidiaries
     satu bulan yang memiliki nilai nisbah sekitar 6,25% -        with a ratio of around 6.25% - 6.40%. This facility is not        telah melakukan pembayaran bunga efek-efek yang              have paid the interest of debt securities issued in
     6,40%. Fasilitas ini tidak dijamin dengan agunan             guaranteed by special collateral, including not                   diterbitkan sesuai dengan jadwal pembayaran bunga            accordance to interest payment schedule during the
     khusus, termasuk tidak dijamin oleh Negara Republik          guaranteed by the Republic of Indonesia or other third            selama tahun yang berakhir tanggal 31 Desember               period and year ended 31 December 2024 and 2023.
     Indonesia atau pihak ketiga lainnya.                         parties.                                                          2024 dan 2023.




PT BANK MANDIRI (PERSERO) TBK                         1520      241                                                                                                                         1521
                                                                                                                                                                                               242                                  ANNUAL REPORT 2024
Page 483
          FINANCIAL STATEMENTS 2024


                                                      PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                   PT BANK MANDIRI (PERSERO) Tbk.
                                                 DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                         DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                NOTES TO THE CONSOLIDATED                                           CATATAN ATAS LAPORAN KEUANGAN                                                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                       FINANCIAL STATEMENTS                                         KONSOLIDASIAN                                                                                                           FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                       31 DECEMBER 2024 AND 2023                                        31 DESEMBER 2024 DAN 2023                                                                                           31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                              (Expressed in millions of Rupiah, unless otherwise stated)                                 (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                  (Expressed in millions of Rupiah, unless otherwise stated)

31. ESTIMASI KERUGIAN ATAS KOMITMEN DAN                                              31. ESTIMATED LOSSES ON COMMITMENTS AND                                                     31. ESTIMASI KERUGIAN ATAS KOMITMEN DAN                                                 31. ESTIMATED LOSSES ON COMMITMENTS AND
    KONTINJENSI                                                                          CONTINGENCIES                                                                               KONTINJENSI (lanjutan)                                                                  CONTINGENCIES (continued)

     a.    Transaksi        komitmen         dan      kontijensi      sebagai           a.      Transactions of commitments and contigencies                                         a.   Transaksi komitmen                  dan     kontijensi       sebagai               a.      Transactions of commitments and contigencies
           berikut:                                                                             are as follows:                                                                           berikut (lanjutan):                                                                        are as follows (continued):
                                                                                                                                                                                                                                                                             2023
                                                                          2024                         2023
                                                                                                                                                                                                                                                                                                   Syariah*)/
           Rupiah                                                                                                                                         Rupiah                                                                  Stage 1              Stage 2             Stage 3                  Sharia*)                Total
             Bank garansi yang diterbitkan                                                                                               Bank guarantee issued
               (Catatan 54)                                               83.066.804                   66.733.622                                  (Note 54)                              Saldo awal tahun                       222.612.365                9.250.636         305.472                2.891.019            235.059.492              Beginning balance
                                                                                                                                                                                          Pengalihan ke/(dari):                                                                                                                                    Transfer to/(from):
             Fasilitas kredit yang diberikan                                                                                                                                                - Stage 1                                4.018.909          (3.955.133)           (63.776)                           -                      -                Stage 1 -
               yang belum digunakan*)                                     55.630.182                   53.782.999                    Unused loan facilities*)                               - Stage 2                               (8.241.809)          8.314.609            (72.800)                           -                      -                Stage 2 -
             Letter of credit yang tidak dapat                                                                                 Outstanding irrevocable letter                               - Stage 3                                  (25.776)           (780.412)           806.188                            -                      -                Stage 3 -
               dibatalkan (Catatan 54)                                      6.953.432                   7.916.626                       of credit (Note 54)                               Total saldo awal                                                                                                                                   Total beginning balance
             Standby letter of credit                                                                                                Standby letter of credit                               setelah pengalihan                   218.363.689            12.829.700            975.084                2.891.019            235.059.492                after transfer
               (Catatan 54)                                                 2.108.300                   2.707.117                                 (Note 54)                               Pengukuran kembali bersih                                                                                                                    Remeasurement of net
                                                                                                                                                                                            nilai tercatat**)                     (15.646.437)          (1.312.653)                  292                         -        (16.958.798)   carrying amount**)
           Total                                                         147.758.718                  131.140.364                                                      Total                                                                                                                                                           New commitments and
                                                                                                                                                                                          Komitmen dan kontinjensi                                                                                                                            contigencies
                                                                                                                                                                                            baru yang diterbitkan                                                                                                                             originated or
           Mata uang asing                                                                                                                     Foreign currencies                           atau dibeli                          170.138.089                5.664.912         964.146                2.232.149            178.999.296           purchased
            Bank garansi yang diterbitkan                                                                                                Bank guarantee issued                            Komitmen dan kontinjensi                                                                                                                         Commitments and
                                                                                                                                                                                            yang dihentikan                                                                                                                                   contigencies
               (Catatan 54)                                               55.490.699                   47.866.831                                  (Note 54)                                pengakuannya                         (150.980.403)          (6.677.797)           (303.761)              (1.919.356)         (159.881.317)       derecognised
            Fasilitas kredit yang diberikan
               yang belum digunakan*)                                     35.161.166                   33.193.967                     Unused loan facilities*)                            Total kenaikan/                                                                                                                                              Total increase/
                                                                                                                                                                                            (penurunan)                                                                                                                                                 (decrease)
            Letter of credit yang tidak dapat                                                                                   Outstanding irrevocable letter                              tahun berjalan                          3.511.249           (2.325.538)           660.677                   312.793              2.159.181              during the year
               dibatalkan (Catatan 54)                                    15.486.231                   12.965.346                       of credit (Note 54)
            Standby letter of credit                                                                                                  Standby letter of credit                            Saldo akhir tahun***)                  221.874.938            10.504.162           1.635.761               3.203.812            237.218.673              Ending balance***)
               (Catatan 54)                                               10.200.389                   12.052.165                                 (Note 54)
                                                                                                                                                                                          *)      Tidak menerapkan PSAK No. 109.                                                     *)      Not implement SFAS No. 109.
                                                                                                                                                                                          **)     Termasuk di dalam pengukuran kembali bersih adalah pembayaran                      **)     Including in the net remeasurement is repayment.
           Total                                                         116.338.485                  106.078.309                                                      Total                      kembali.
                                                                                                                                                                                          ***)    Termasuk fasilitas uncomitted kredit yang diberikan yang belum                     ***)    Including the unused uncommitted loan facilities for credit cards
                                                                                                                                                                                                  digunakan untuk kartu kredit sebesar Rp34.687.343.                                         amounted to Rp34,687,343.
                                                                         264.097.203                  237.218.673
                                                                                                                                                                                     b.   Mutasi cadangan kerugian                        penurunan           nilai          b.      Movements of allowance for impairment losses on
           *)    Termasuk fasilitas kredit committed dan uncommitted kartu kredit               *)     Including unused committed and uncommitted credit card facilities                  komitmen dan kontinjensi:                                                                  commitments and contingencies:
                 yang belum digunakan.
                                                                                                                                                                                                                                                             2024                           2023
           Berikut adalah perubahan nilai tercatat atas                                         Movements in carrying amount of commitments                                               Saldo awal tahun                                                     1.143.758                     2.073.429                                       Beginning balance
           komitmen dan kontinjensi dengan klasifikasi                                          and contigencies classified as amortised cost upon                                        Pembalikan penyisihan selama                                                                                                                         Reversal during
           biaya perolehan diamortisasi berdasarkan stage                                       stage for the period and year ended 31 December                                             tahun berjalan                                                        (33.828)                    (918.531)                                              the year
           untuk tahun yang berakhir 31 Desember 2024                                           2024 and 2023 are as follows:                                                             Lain-lain*)                                                               4.083                      (11.140)                                                Others*)
           dan 2023:
                                                                                                                                                                                          Saldo periode/akhir tahun                                            1.114.013                     1.143.758                                          Ending balance
                                                                                        2024
                                                                                                              Syariah*)/                                                                  *)     Termasuk selisih kurs karena penjabaran mata uang asing.                            *)      Included effect of foreign currencies translation.
                                                  Stage 1            Stage 2          Stage 3                  Sharia*)              Total
                                                                                                                                                                                                                                                                             2024
                                                                                                                                                                                                                                                                                                   Syariah*)/
           Saldo awal tahun                      221.874.938          10.504.162        1.635.761               3.203.812          237.218.673             Beginning balance                                                      Stage 1              Stage 2             Stage 3                  Sharia*)                Total
           Pengalihan ke/(dari):                                                                                                                           Transfer to/(from):
             - Stage 1                                465.319            (437.006)        (28.313)                         -                     -               Stage 1 -                Saldo awal tahun                            471.888                475.959          163.893                    32.018              1.143.758             Beginning balance
             - Stage 2                               (768.987)          1.548.182        (779.195)                         -                     -               Stage 2 -
             - Stage 3                                (14.744)           (331.936)        346.680                          -                     -               Stage 3 -                Pengalihan ke/(dari):                                                                                                                                  Transfer to/(from):
                                                                                                                                                                                            Kerugian kredit                                                                                                                                  12 months expected
           Total saldo awal                                                                                                                            Total beginning                        ekpektasian 12 bulan                     11.016                 (8.123)          (2.893)                           -                       -       credit losses
             setelah pengalihan                  221.556.526          11.283.402        1.174.933               3.203.812          237.218.673 balance after transfer                       Kerugian kredit
                                                                                                                                                                                              ekspektasian sepanjang
           Pengukuran kembali bersih                                                                                                            Remeasurement of net                          umurnya - tidak                                                                                                                                     Lifetime expected
             nilai tercatat**)                     (8.582.410)           (678.971)       (208.535)                         -         (9.469.916)  carrying amount**)                          mengalami penurunan                                                                                                                                    credit losses
                                                                                                                                                New commitments and                           nilai                                    (2.543)                41.132          (38.589)                           -                       -            unimpaired
           Komitmen dan kontinjensi                                                                                                                    contigencies                         Kerugian kredit
             baru yang diterbitkan                                                                                                                     originated or                          ekspektasian sepanjang                                                                                                                              Lifetime expected
             atau dibeli                         177.916.870            4.343.013        200.750                1.485.965          183.946.598           purchased                            umurnya - mengalami                                                                                                                                    credit losses
           Komitmen dan kontinjensi                                                                                                                 Commitments and                           penurunan nilai                            (638)                (1.755)              2.393                         -                       -               impaired
             yang dihentikan                                                                                                                           contigencies                       Total saldo awal                                                                                                                              Total beginning balance
             pengakuannya                       (140.446.994)          (3.886.432)       (980.261)              (2.284.465)       (147.598.152)       derecognised                           setelah pengalihan                       479.723                507.213          124.804                    32.018              1.143.758          after transfer
                                                                                                                                                                                          Pengukuran kembali bersih                                                                                                                      Remeasurement of net
           Total kenaikan/                                                                                                                                    Total increase/                penyisihan kerugian                    (178.621)                118.488               6.033                 (8.443)               (62.543)      carrying amount
             (penurunan)                                                                                                                                       (decrease)                 Aset keuangan baru yang                                                                                                                          New financial assets
             tahun berjalan                       28.887.466             (222.390)       (988.046)                (798.500)          26.878.530            during the year                   diterbitkan atau                                                                                                                                    originated or
                                                                                                                                                                                             dibeli                                   223.614                431.095              17.719                         -              672.428            purchased
           Saldo akhir tahun***)                 250.443.992          11.061.012         186.887                2.405.312          264.097.203           Ending balance***)               Aset keuangan yang                                                                                                                                    Financial assets
                                                                                                                                                                                             dihentikan pengakuannya                (114.437)               (385.584)        (143.692)                           -            (643.713)        derecognised
          *)      Tidak menerapkan PSAK No. 109.                                                *)      Not implement SFAS No. 109.                                                       Total (pembalikan)/                                                                                                                                         Total (reversal)/
          **)     Termasuk di dalam pengukuran kembali bersih adalah pembayaran                 **)     Including in the net remeasurement is repayment.                                     pembentukan                                                                                                                                                 allowance
                  kembali.                                                                                                                                                                   periode berjalan                         (69.444)               163.999         (119.940)                   (8.443)               (33.828)           during the period
          ***)    Termasuk fasilitas uncomitted kredit yang diberikan yang belum                ***)    Including the unused uncommitted loan facilities for credit cards                 Lain-lain**)                                   1.955                 1.658                 -                       470                  4.083                       Others**)
                  digunakan untuk kartu kredit sebesar Rp38.193.178.                                    amounted to Rp38,193,178.
                                                                                                                                                                                          Saldo akhir periode                         412.234                672.870               4.864                 24.045              1.114.013               Ending balance

                                                                                                                                                                                          *)      Tidak menerapkan PSAK No. 109                                                      *)     Not implement SFAS No. 109.
                                                                                                                                                                                          **)     Termasuk selisih kurs karena penjabaran mata uang asing.                           **)    Included effect of foreign currencies translation




PT BANK MANDIRI (PERSERO) TBK                                            1522         243                                                                                                                                                                               1523
                                                                                                                                                                                                                                                                           244                                                        ANNUAL REPORT 2024
Page 484
          FINANCIAL STATEMENTS 2024


                                                    PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                               PT BANK MANDIRI (PERSERO) Tbk.
                                               DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                 NOTES TO THE CONSOLIDATED                                                 CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                        FINANCIAL STATEMENTS                                               KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                        31 DECEMBER 2024 AND 2023                                              31 DESEMBER 2024 DAN 2023                                                                   31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                               (Expressed in millions of Rupiah, unless otherwise stated)                                       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)


31. ESTIMASI KERUGIAN ATAS KOMITMEN DAN                                               31. ESTIMATED LOSSES ON COMMITMENTS AND                                                           32. BEBAN YANG MASIH HARUS DIBAYAR (lanjutan)                   32. ACCRUED EXPENSES (continued)
    KONTINJENSI (lanjutan)                                                                CONTINGENCIES (continued)                                                                         Termasuk dalam pengadaan aset tetap, perangkat                   Included in the fixed assets, software, operational and
                                                                                                                                                                                            lunak, operasional dan ATM adalah utang kepada                   ATM procurement are payables to vendors related to
     b.    Mutasi cadangan kerugian penurunan                               nilai        b.      Movements of allowance for impairment losses on                                            pemasok atau vendor terkait kegiatan operasional                 operational and maintenance activities for buildings,
           komitmen dan kontinjensi (lanjutan):                                                  commitments and contingencies (continued):                                                 dan pemeliharaan gedung, peralatan, perangkat                    equipments, software, ATM machines and Information
                                                                                         2023                                                                                               lunak, mesin ATM dan sistem Teknologi Informasi                  Technology System of the Group. Others consists of
                                                                                                                                                                                            Grup. Lain-lain terdiri dari beban yang masih harus              accrued expenses related to fees to be paid in relation
                                                                                                              Syariah*)/                                                                    dibayar terkait transaksi operasional kegiatan Grup,             to Group’s operational activities, such as data
                                                Stage 1             Stage 2            Stage 3                 Sharia*)                 Total
                                                                                                                                                                                            seperti biaya komunikasi data dan biaya listrik, air dan         communication costs and costs of electricity, water and
                                                                                                                                                                                            gas.                                                             gas.
           Saldo awal tahun                        489.027            1.326.709           228.819                    28.874              2.073.429               Beginning balance
           Pengalihan ke/(dari):                                                                                                                                 Transfer to/(from):    33. PERPAJAKAN                                                  33. TAXATION
             Kerugian kredit                                                                                                                                 12 months expected
               ekpektasian 12 bulan                  24.437                (19.927)           (4.510)                        -                       -           credit losses
             Kerugian kredit                                                                                                                                                                a.   Pajak dibayar dimuka                                        a.   Prepaid taxes
               ekspektasian sepanjang
               umurnya - tidak                                                                                                                                 Lifetime expected                                                              2024                  2023
               mengalami penurunan                                                                                                                                credit losses
               nilai                                (12.474)                18.975            (6.501)                        -                           -         unimpaired
             Kerugian kredit                                                                                                                                                                     Bank Mandiri                                      239.701             239.757                           Bank Mandiri
               ekspektasian sepanjang                                                                                                                          Lifetime expected
               umurnya - mengalami                                                                                                                                credit losses                  Entitas Anak                                      499.314             196.775                            Subsidiaries
               penurunan nilai                       (1.498)           (284.265)          285.763                                -                   -                impaired
           Total saldo awal                                                                                                                          Total beginning balance
                                                                                                                                                                                                 Total                                             739.015             436.532                                   Total
              setelah pengalihan                   499.492            1.041.492           503.571                    28.874              2.073.429           after transfer
           Pengukuran kembali bersih                                                                                                                  Remeasurement of net
              penyisihan kerugian                  (120.198)           (199.279)         (206.147)                     3.246               (522.378)      carrying amount                   b.   Utang pajak                                                 b.   Taxes payable
           Aset keuangan baru yang                                                                                                                      New financial assets
              diterbitkan atau                     227.749                 383.547        110.631                            -              721.927           originated or
              dibeli                                                                                                                                            purchased                                                                     2024                  2023
           Aset keuangan yang                                                                                                                                Financial assets
              dihentikan pengakuannya              (124.214)           (749.704)         (244.162)                           -           (1.118.080)        derecognised
           Total (pembalikan)/                                                                                                                                      Total (reversal)/            Utang pajak kini                                                                     Current income taxes payable
              pembentukan                                                                                                                                              allowance                   Bank Mandiri                                    592.492             549.319                      Bank Mandiri
              tahun berjalan                        (16.663)           (565.436)         (339.678)                     3.246               (918.531)              during the year                  Entitas Anak                                    238.355             303.042                       Subsidiaries
           Lain-lain**)                             (10.941)                (97)                -                       (102)               (11.140)                        Others**)
           Saldo akhir tahun                       471.888                 475.959        163.893                    32.018              1.143.758                 Ending balance                                                                  830.847             852.361
          *)    Tidak menerapkan PSAK No. 109.                                                   *)     Not implement SFAS No. 109.
                Termasuk selisih kurs karena penjabaran mata uang asing.
                                                                                                                                                                                                 Utang pajak lainnya
          **)                                                                                    **)    Included effect of foreign currencies translation
                                                                                                                                                                                                                                                                                                 Other taxes payable
           Manajemen berpendapat bahwa cadangan                                                  Management believes that the allowance for
           kerugian penurunan nilai komitmen dan                                                 impairment     losses   on commitments and                                                      Bank Mandiri                                                                                           Bank Mandiri
           kontinjensi telah memadai.                                                            contingencies is adequate.                                                                      Pajak Penghasilan                                                                                        Income Tax
                                                                                                                                                                                                   Pasal 25                                        185.789             255.817                            Article 25
     c.    Informasi mengenai pengelompokan berdasarkan                                  c.      Information in respect of classification of                                                       Pasal 21                                        253.042             248.873                            Article 21
           kelompok “tidak mengalami penurunan nilai” dan                                        “non-impaired” and “impaired” from sharia                                                         Pasal 4 (2)                                     413.559             361.810                          Article 4 (2)
           “mengalami penurunan nilai” untuk aset                                                Subsidiary are disclosed in Note 62A.                                                           Lain-lain                                         235.994             226.360                                  Others
           keuangan dari Entitas Anak syariah diungkapkan                                                                                                                                                                                       1.088.384            1.092.860
           pada Catatan 62A.                                                                                                                                                                     Entitas Anak                                   1.159.411              745.681                           Subsidiaries
     d.    Simpanan nasabah dan simpanan dari bank lain                                  d. Deposits from customers and deposits from other                                                                                                     2.247.795            1.838.541
           yang dijadikan jaminan tunai untuk bank garansi                                  banks pledged as collateral for bank guarantee and
           dan letter of credit yang tidak dapat dibatalkan                                 irrevocable letter of credit as of 31 December 2024                                                  Total                                          3.078.642            2.690.902                                   Total
           pada tanggal 31 Desember 2024 dan 2023                                           and 2023 were amounted to Rp9,415,024 and
           adalah masing-masing sebesar Rp9.415.024 dan                                     Rp12,294,275, respectively (Notes 21c and 24c).
           Rp12.294.275 (Catatan 21c dan 24c).                                                                                                                                              c.   Beban/(manfaat) pajak                                       c.   Tax expense/(benefit)
     e.    Berdasarkan kolektibilitas sesuai POJK:                                       e.      By collectability based on FSA regulation:                                                                                                   2024                  2023
           Kolektibilitas estimasi kerugian atas komitmen                                        Collectability of estimated losses on commitments
           dan kontinjensi sesuai POJK diungkapkan pada                                          and contingencies in accordance with FSA                                                        Beban pajak - kini:                                                                           Tax expense - current:
           Catatan 65.                                                                           regulation are disclosed in Note 65.                                                              Bank Mandiri                                 9.742.944           10.015.624                       Bank Mandiri
                                                                                                                                                                                                   Entitas Anak                                 3.604.090            2.892.050                        Subsidiaries
32. BEBAN YANG MASIH HARUS DIBAYAR                                                    32. ACCRUED EXPENSES                                                                                                                                     13.347.034           12.907.674
                                                                           2024                        2023
                                                                                                                                                                                                 Beban/(manfaat) pajak - tangguhan:                                                  Tax expense/(benefit) - deferred:
     Beban bunga                                                             2.406.669                  1.922.706                                    Interest expense                              Bank Mandiri                                 2.147.315            1.674.707                      Bank Mandiri
     Pengadaan aset tetap,                                                                                                                    Fixed assets, software,                              Entitas Anak                                  (255.983)              50.630                       Subsidiaries
       perangkat lunak,                                                                                                                                 operational,
       operasional dan ATM                                                   1.211.864                  1.424.041                           and ATM procurement                                                                                 1.891.332            1.725.337
     Pemasaran                                                                 240.143                    576.801                                          Promotions
     Tenaga kerja dan                                                                                                                   Third party labor service and                            Total                                         15.238.366           14.633.011                                   Total
       jasa pihak ketiga                                                       187.183                     168.852                           outsourcing expenses
     Iuran regulator                                                            94.186                      40.345                                      Regulator fee
     Jasa profesional                                                           58.134                      80.914                         Professional service costs                            Seperti yang dijelaskan pada Catatan 2ad, pajak                  As explained in Note 2ad, income tax for Bank
     Pelatihan, pakaian dinas dan rekreasi                                      32.855                      34.908                   Training, uniform and recreation                            penghasilan untuk Bank Mandiri dan Entitas                       Mandiri and its Subsidiaries are calculated for each
     Lain-lain                                                               1.235.427                     550.879                                             Others                            Anak dihitung untuk setiap perusahaan sebagai                    company as a separate legal entity.
                                                                                                                                                                                                 suatu badan hukum yang terpisah.
     Total                                                                   5.466.461                  4.799.446                                                            Total



PT BANK MANDIRI (PERSERO) TBK                                              1524        245                                                                                                                                                             1525
                                                                                                                                                                                                                                                          246                                   ANNUAL REPORT 2024
Page 485
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                      PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                            DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED                CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS              KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                    31 DECEMBER 2024 AND 2023             31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)      (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

33. PERPAJAKAN (lanjutan)                                        33. TAXATION (continued)                                          33. PERPAJAKAN (lanjutan)                                        33. TAXATION (continued)
     d.    Beban pajak - kini                                          d.   Tax expense - current                                      d.   Beban pajak - kini (lanjutan)                                 d.   Tax expense - current (continued)
           Rekonsiliasi antara laba sebelum beban pajak                     The reconciliation between income before tax as
           pada laporan laba rugi dan penghasilan                           shown in consolidated statement of profit or loss               Pajak atas laba Bank Mandiri dan Entitas Anak                      Tax on Bank Mandiri and Subsidiaries (Group)’s
           komprehensif lain konsolidasian dan perhitungan                  and other comprehensive income and income tax                   (Grup) sebelum pajak berbeda dari nilai teoritis                   profit before tax differs from the theoretical amount
           pajak penghasilan dan beban pajak kini untuk                     calculation and current tax expense for Bank                    yang mungkin muncul apabila menggunakan                            that would arise using the weighted average tax
           Bank Mandiri dan taksiran beban pajak kini                       Mandiri and the estimated current tax expense for               rata-rata tertimbang tarif pajak terhadap laba                     rate applicable to profits on the consolidated
           Entitas Anak adalah sebagai berikut:                             Subsidiaries are as follows:                                    pada Grup dalam jumlah sebagai berikut:                            entities are follows:
                                                     2024                     2023                                                                                                       2024                    2023

           Laba konsolidasian sebelum beban                                                    Consolidated income before tax
             pajak dan kepentingan                                                               expense and non-controlling                Laba konsolidasian sebelum                                                                 Consolidated income before
             nonpengendali                           76.403.486              74.684.881                              interests                beban pajak dan kepentingan                                                                       tax expense and
           Dikurangi:                                                                                                      Less:              nonpengendali                              76.403.486              74.684.881               non-controlling interest
             Laba sebelum beban pajak                                                          Income before tax expense of
               Entitas Anak - setelah                                                                   Subsidiaries - after                Pajak dihitung dengan tarif                                                                Tax calculated at applicable
               eliminasi                               8.730.485               7.934.493                        elimination                   pajak berlaku                              13.895.689              15.418.957                              tax rates
             Dampak perubahan metode                                                                    Impact of changes in
               pencatatan investasi                                                                 investment recognition                  Dampak pajak penghasilan pada:                                                                   Income tax effect of:
               dari metode ekuitas ke                                                                from equity method to
               metode biaya                            4.646.779               3.963.179                      cost method                     Bank Mandiri                                                                                          Bank Mandiri
                                                                                                                                            Penghasilan tidak kena pajak                                                                      Income not subject to
           Laba sebelum beban pajak dan                                                            Income before tax expense                  dan pajak final                                 (454.027)            (381.257)                      tax and final tax
             kepentingan non                                                                     and non-controlling interests              Beban yang tidak dapat
             pengendali - Bank Mandiri saja          63.026.222              62.787.209                  - Bank Mandiri only                  dikurangkan untuk tujuan                                                                 Expenses not deductible for
                                                                                                                                              perpajakan                                      232.504               128.219                       tax purposes
           Ditambah/(dikurangi) perbedaan                                                              Add/(deduct) permanent               Lain-lain                                         136.800                     -                             Others
             permanen:                                                                                           differences:
             Biaya yang tidak dapat
               dikurangkan menurut                                                                                                                                                           (84.723)              (253.038)
               pajak/(pendapatan tidak                                                              Non-deductible expenses/                Entitas Anak                                   1.427.400               (532.908)                           Subsidiaries
               kena pajak)                            (1.165.913)             (1.331.776)             (non-taxable income)
             Lain-lain                                   720.000                       -                               Others               Total dampak pajak penghasilan                 1.342.677               (785.946)                         Total tax effect
           Ditambah/(dikurangi) perbedaan                                                              Add/(deduct) temporary               Beban pajak penghasilan                      15.238.366              14.633.011                   Income tax expense
             temporer:                                                                                          differences:
             Cadangan kerugian penurunan
               nilai dan penghapusan                                                         Allowance for impairment losses
               kredit yang diberikan                                                                 and write-offs of loans                Berdasarkan peraturan perpajakan di Indonesia,                     According to the taxation laws of Indonesia, Bank
               dan piutang/pembiayaan                                                               and sharia receivables/                 Bank Mandiri dan Entitas Anak menyampaikan                         Mandiri and Subsidiaries submit the Annual
               syariah                                (6.896.207)             (7.085.029)                            financing              Surat Pemberitahuan Pajak Tahunan ke kantor                        Corporate Income Tax Returns to the tax office on
             Cadangan kerugian penurunan                                                            Allowance for impairment                pajak atas dasar self-assessment. Kantor pajak                     the basis of self assessment. The Directorate
               nilai aset keuangan selain                                                                 losses on financial               berhak memeriksa atau mengoreksi pajak dalam                       General of Tax may assess or amend taxes within
               kredit yang diberikan                                                                assets other than loans                 jangka waktu 5 (lima) tahun setelah tanggal pajak                  5 (five) years from the tax due date.
               dan piutang/pembiayaan                                                               and sharia receivables/                 terutang.
               syariah                                     (190.356)            (102.868)                            financing
             Penyisihan biaya uang                                                             Provision for post-employment
               penghargaan pegawai dan                                                                      benefit expense,                Undang-Undang Republik Indonesia Nomor 7                           Law of the Republic of Indonesia Number 7 Year
               cadangan atas bonus dan                                                              provisions for bonuses,                 Tahun 2021 tanggal 29 Oktober 2021 tentang                         2021 dated 29 October 2021 regarding
               insentif, cuti dan                                                                          leave and holiday                Harmonisasi Peraturan Perpajakan (“Undang-                         Harmonization of Tax Regulations (“Law Number 7
               THR pegawai                            (4.270.730)               (531.679)                (THR) entitlements                 Undang Nomor 7 Tahun 2021”) mengatur bahwa                         Year 2021”) stipulates that the income tax rate for
             Penyisihan atas estimasi                                                                 Allowance for estimated               tarif pajak penghasilan Wajib Pajak badan dalam                    domestic corporate taxpayers and permanent
               kerugian yang timbul                                                                      losses arising from                negeri dan bentuk usaha tetap adalah sebesar                       establishments is 22% (twenty two percent) with
               dari kasus hukum                             (22.128)             (20.451)                          legal cases              22% (dua puluh dua persen) yang mulai berlaku                      effect from the 2022 fiscal year onwards.
             Estimasi kerugian atas komitmen                                                Provision for estimated losses on               pada tahun pajak 2022 dan seterusnya.
               dan kontinjensi                             (21.767)             (932.769)       commitments contingencies
             Penyusutan aset tetap                         125.345                94.238          Depreciation of fixed assets
             Kerugian/(keuntungan) yang                                                             Unrealised losses/(gains)               Berdasarkan        Undang-Undang           Republik                Based on Law of the Republic of Indonesia
               belum direalisasi dari                                                               on decrease/(increase)                  Indonesia Nomor 7 Tahun 1983 tentang Pajak                         Number 7 Year 1983 regarding Income Tax as
               penurunan/(kenaikan)                                                                            in fair value of             Penghasilan sebagaimana telah beberapa kali                        amended several times, most recently by Law
               nilai wajar efek-efek dan                                                              marketable securities                 diubah terakhir dengan Undang-Undang Nomor 7                       Number 7 Year 2021 and Government Regulation
               obligasi pemerintah - diukur                                                         and government bonds                    Tahun 2021 dan Peraturan Pemerintah Republik                       of the Republic of Indonesia Number 55 Year 2022
               pada nilai wajar melalui                                                                  - fair value through               Indonesia Nomor 55 Tahun 2022 tanggal                              dated 20 December 2022 regarding Amandment of
               laporan laba rugi                            (25.704)            (146.520)                        profit or loss
             Penyisihan kerugian properti                                                    Allowance for possible losses of               20 Desember 2022 tentang Penyesuaian                               Regulations related to Income Tax Sector,
               terbengkalai                                    (109)             (16.547)            abandoned properties                   Pengaturan di Bidang Pajak Penghasilan, Wajib                      domestic taxpayers in the form of public listed
                                                                                                                                            Pajak dalam negeri yang berbentuk Perseroan                        companies with the total number of paid-up shares
           Taksiran laba menurut pajak               51.278.653              52.713.808              Estimated taxable income               Terbuka dengan jumlah keseluruhan saham yang                       traded on the stock exchange in Indonesia at least
                                                                                                                                            disetor diperdagangkan pada bursa efek di                          40% (forty percent) and fulfilling certain
           Taksiran beban pajak - kini                                                         Estimated tax expense - current              Indonesia paling sedikit 40% (empat puluh                          requirements, may obtain a rate of 3% (three
             Bank Mandiri                              9.742.944             10.015.624                      Bank Mandiri                   persen) dan memenuhi persyaratan tertentu,                         percent) lower than the highest existing income tax
             Entitas Anak                              3.604.090              2.892.050                       Subsidiaries                  dapat memperoleh tarif sebesar 3% (tiga persen)                    rate.
           Total                                     13.347.034              12.907.674                                    Total            lebih rendah dari tarif tertinggi pajak penghasilan
                                                                                                                                            yang ada.


PT BANK MANDIRI (PERSERO) TBK                        1526          247                                                                                                                            1527
                                                                                                                                                                                                     248                                      ANNUAL REPORT 2024
Page 486
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                       PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                             DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED             CATATAN ATAS LAPORAN KEUANGAN                                                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS           KONSOLIDASIAN                                                                                                        FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023          31 DESEMBER 2024 DAN 2023                                                                                        31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)        (Expressed in millions of Rupiah, unless otherwise stated)   (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                               (Expressed in millions of Rupiah, unless otherwise stated)

33. PERPAJAKAN (lanjutan)                                      33. TAXATION (continued)                                      33. PERPAJAKAN (lanjutan)                                                           33. TAXATION (continued)

     d.    Beban pajak - kini (lanjutan)                          d.   Tax expense - current (continued)                         e.   Aset pajak tangguhan - neto                                                     e.       Deferred tax assets - net

           Berdasarkan Peraturan Menteri Keuangan                      Based on the Regulation of the Minister of Finance             Pajak tangguhan yang timbul dari perbedaan                                               Deferred tax arises from temporary differences
           Republik Indonesia Nomor 40 Tahun 2023                      of the Republic of Indonesia Number 40 Year 2023               temporer antara nilai buku menurut komersial                                             between book value based on commercial and tax
           tanggal 11 April 2023 tentang Bentuk dan Tata               dated 11 April 2023 concerning Forms and                       dan menurut pajak adalah sebagai berikut:                                                purposes are as follows:
           Cara Penyampaian Laporan Serta Daftar Wajib                 Procedures for Submitting Reports and Lists of
                                                                                                                                                                                                                     2024
           Pajak Dalam Rangka Pemenuhan Persyaratan                    Taxpayers regarding to Fulfilment of Requirements
                                                                                                                                                                                            Dikreditkan/                               Pengalihan
           Penurunan Tarif Pajak Penghasilan Bagi Wajib                for Reduction of Income Tax Rates for Domestic                                                                      (dibebankan)                              pengendalian
           Pajak Dalam Negeri Yang Berbentuk Perseroan                 Taxpayers in the Form of Public Companies,                                                            Saldo          ke laba rugi/        Dibebankan           atas entitas         Saldo
                                                                                                                                                                             awal/           Credited/           ke ekuitas/         anak/Control          akhir/
           Terbuka, Wajib Pajak harus menyampaikan                     taxpayers must submit monthly reports on share                                                      Beginning       (charged) to          Charged to           transfer of a       Ending
           laporan bulanan kepemilikan saham atas emiten               ownership of issuers or public companies and                                                         balance        profit or loss          equity              subsidiary         balance
           atau perusahaan publik dan rekapitulasi yang                recapitulations that have been reported from the
                                                                                                                                      Bank Mandiri                                                                                                                                           Bank Mandiri
           telah dilaporkan dari Biro Administrasi Efek dan            Securities Administration Bureau and reports of                Aset pajak tangguhan:                                                                                                                           Deferred tax assets:
           laporan kepemilikan saham yang memiliki                     share ownership that have special relations as part                                                                                                                                                                    Allowance for
                                                                                                                                      Cadangan kerugian penurunan nilai                                                                                                               impairment losses
           hubungan istimewa sebagai bagian dari SPT                   of the Annual Income Tax Return for each Fiscal                 kredit yang diberikan                                                                                                                        for loans and sharia
           Tahunan PPh untuk setiap Tahun Pajak.                       Year.                                                           dan piutang/pembiayaan syariah        5.017.117         (1.310.279)                     -                      -   3.706.838               receivables/financing
                                                                                                                                      Penyisihan biaya uang penghargaan                                                                                                Provisions for post-employment
                                                                                                                                       pegawai dan cadangan                                                                                                                 benefit expense, provision
           Berdasarkan Surat Keterangan No. DE/I/2025-                 Based on Statement Letter No. DE/I/2025-0197                    atas bonus dan insentif,                                                                                                                 for bonuses, leave and
           0197 tanggal 6 Januari 2025 perihal Laporan                 dated 6 January 2025 concerning Monthly Report                  cuti dan THR pegawai                  1.583.956          (811.439)                  (405)                      -     772.112         holiday (THR) entitlements
                                                                                                                                      Cadangan kerugian penurunan nilai                                                                                                Allowance for impairment losses
           Bulanan Kepemilikan Saham Emiten atau                       of Share Ownership of Issuers or Public                         aset keuangan selain                                                                                                                           on financial assets
           Perusahaan Publik dan Rekapitulasi yang Telah               Companies and Reported Recapitulation (Form of                  kredit yang diberikan                                                                                                               other than loans and sharia
                                                                                                                                       dan piutang/pembiayaan syariah         663.574             (36.168)                     -                      -     627.406                  receivables/financing
           Dilaporkan    (Formulir    Lampiran     POJK                POJK Appendix No. 10/POJK.04/2020) from                        Kerugian/(keuntungan) yang                                                                                                             Unrealised loss/(gain) from
           No. 10/POJK.04/2020) dari PT Datindo Entrycom               PT Datindo Entrycom (Administrative Bureau                      belum direalisasi dari                                                                                                               decrease/(increase) in fair
                                                                                                                                       penurunan/(kenaikan) nilai wajar                                                                                                 value of marketable securities
           (Biro Administrasi Efek atau BAE), yang                     Securities or BAE), which was submitted to Bank                 efek-efek dan obligasi                                                                                                                   and government bonds
           disampaikan kepada Bank Mandiri, dimana BAE                 Mandiri, where the BAE stated that Bank Mandiri                 pemerintah - diukur pada                                                                                                                - measured at fair value
                                                                                                                                       nilai wajar melalui pendapatan                                                                                                                       through other
           menyatakan Bank Mandiri telah memenuhi                      had complied with the provisions of Article 65 of               komprehensif lain                      811.128                       -         113.897                         -     925.025             comprehensive income
           ketentuan Pasal 65 Peraturan Pemerintah                     Government Regulation of the Republic of                       Penyisihan atas estimasi kerugian                                                                                                 Allowance for estimated losses
                                                                                                                                       yang timbul dari kasus hukum            17.041              (4.204)                     -                      -      12.837            arising from legal cases
           Republik Indonesia Nomor 55 Tahun 2022                      Indonesia     No.    55   Year    2022      dated              Penyisihan                                                                                                                          Allowance for possible losses
           tanggal 20 Desember 2022 tentang Penyesuaian                20 December 2022 regarding Amendment of                         properti terbengkalai                   13.194                 (21)                     -                      -      13.173          on abandoned properties
                                                                                                                                      Penyisihan kerugian                                                                                                                 Allowance for possible losses
           Pengaturan di Bidang Pajak Penghasilan.                     Regulations related to Income Tax Sector.                       agunan yang diambil alih                53.396                       -                  -                      -      53.396              on repossessed asset
           Peraturan Menteri Keuangan Republik Indonesia               Regulation of the Minister of Finance of the
           Nomor 40 Tahun 2023.                                        Republic of Indonesia Number 40 Year 2023.                     Aset pajak tangguhan                   8.159.406         (2.162.111)            113.492                         -   6.110.787                Deferred tax assets

           Bank berkeyakinan bahwa Bank akan memenuhi                  The Bank believes that the Bank will fulfil                    Liabilitas pajak tangguhan:
                                                                                                                                      Kerugian/(keuntungan) yang
                                                                                                                                                                                                                                                                                Deferred tax liabilities:
                                                                                                                                                                                                                                                                            Unrealised loss/(gain) from
           persyaratan    untuk    memperoleh      fasilitas           the requirements to obtain the income tax                        belum direalisasi dari                                                                                                             decrease/(increase) in fair
           penurunan tarif pajak penghasilan untuk tahun               rate reduction facility for the year ended                       penurunan/(kenaikan) nilai wajar                                                                                               value of marketable securities
                                                                                                                                        efek-efek dan obligasi                                                                                                              and government bonds -
           yang berakhir pada 31 Desember 2024 sesuai                  31 December 2024 in accordance with the tax                      pemerintah - diukur pada                                                                                                              measured at fair value
           ketentuan perpajakan tersebut di atas, sehingga             provisions mentioned above, so that Bank                         nilai wajar melalui laba rugi         (35.666)             (4.884)                     -                      -     (40.550)             through profit & loss
                                                                                                                                      Nilai buku aset tetap                  (108.089)             23.816                      -                      -     (84.273)    Net book value of fixed assets
           untuk pajak penghasilan badan Bank Mandiri                  Mandiri's corporate income tax for the year ended              Estimasi kerugian atas                                                                                                                       Estimated losses on
           untuk tahun yang berakhir pada tanggal                      31 December 2024 is calculated using the tax rate                komitmen dan                                                                                                                                commitments and
                                                                                                                                        kontinjensi                          (140.951)             (4.136)                     -                      -    (145.087)                    contingencies
           31    Desember      2024    dihitung    dengan              19%.
           menggunakan tarif pajak 19%.                                                                                               Aset pajak tangguhan neto -                                                                                                                 Deferred tax assets -
                                                                                                                                       Bank Mandiri saja                     7.874.700         (2.147.315)            113.492                         -   5.840.877                Bank Mandiri only

           Berdasarkan Peraturan Menteri Keuangan                      Based on the Regulation of the Minister of                     Aset pajak tangguhan -                                                                                                                         Deferred tax assets
                                                                                                                                       Entitas Anak                          2.304.544            255.983              (1.003)              (46.947)      2.512.577                      - Subsidiaries
           Republik Indonesia Nomor 136 Tahun 2024                     Finance of the Republic of Indonesia Number 136
           ("PMK-136")       tentang   Pengenaan       Pajak           Year 2024 ("PMK-136") concerning the Imposition
                                                                                                                                      Total aset pajak tangguhan                                                                                                                   Total consolidated
           Minimum Global Berdasarkan Kesepakatan                      of Global Minimum Tax Based on International                    konsolidasian - neto                 10.179.244         (1.891.332)            112.489               (46.947)      8.353.454         deferred tax assets - net
           Internasional, ketentuan pengenaan pajak                    Agreements, the provisions for the imposition of
                                                                                                                                      Liabilitas pajak tangguhan                                                                                                                 Defered tax liabilities
           minimum global akan mulai berlaku di Indonesia,             global minimum tax will come into force in                       Entitas Anak                                   -                    -          (9.278)                        -      (9.278)                   Subsidiaries
           yurisdiksi di mana Bank didirikan, pada tanggal             Indonesia, the jurisdiction where the Bank is
           1 Januari 2025. Karena PMK-136 tidak berlaku                incorporated, on 1 January 2025. Since PMK-136
           pada tanggal pelaporan, Grup tidak memiliki                 is not effective at the reporting date, the Group              Aset    pajak    tangguhan   dihitung  dengan                                            Deferred tax assets are calculated using applicable
           eksposur pajak kini terkait. Grup menerapkan                does not have related current tax exposures.The                menggunakan tarif pajak yang berlaku atau                                                tax rate or substantially enacted tax rate at
           pengecualian PSAK 212 untuk mengakui dan                    Group applies the PSAK 212 exemption to                        secara substansial telah berlaku pada tanggal                                            consolidated statement of financial position dates.
           mengungkapkan informasi tentang aset dan                    recognise and disclose information on deffered tax             laporan posisi keuangan konsolidasian.
           liabilitas pajak tangguhan yang terkait dengan              assets and liabilities related to the Pillar Two
           pajak penghasilan Pilar Dua. Sampai dengan                  income taxes. As of the authorisation date of these            Manajemen    berpendapat     bahwa     terdapat                                          Management believes that it is possible that future
           tanggal otorisasi laporan keuangan konsolidasian            consolidated financial statements, the Group is                kemungkinan besar jumlah laba fiskal pada masa                                           taxable income will be available to be utilised
           ini, Grup saat ini masih menilai dampak terhadap            currently still assessing the impact on the                    mendatang      akan       memadai         untuk                                          against the temporary difference, which resulted in
           penerapan peraturan tersebut.                               implementation of the regulation.                              mengkompensasi perbedaan temporer yang                                                   deferred tax assets.
                                                                                                                                      menimbulkan aset pajak tangguhan tersebut.




PT BANK MANDIRI (PERSERO) TBK                         1528      249                                                                                                                                             1529
                                                                                                                                                                                                                   250                                                 ANNUAL REPORT 2024
Page 487
          FINANCIAL STATEMENTS 2024


                                                     PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                   PT BANK MANDIRI (PERSERO) Tbk.
                                                DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                         DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                NOTES TO THE CONSOLIDATED                                       CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                       FINANCIAL STATEMENTS                                     KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                       31 DECEMBER 2024 AND 2023                                    31 DESEMBER 2024 DAN 2023                                                                  31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                              (Expressed in millions of Rupiah, unless otherwise stated)                             (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)         (Expressed in millions of Rupiah, unless otherwise stated)


33. PERPAJAKAN (lanjutan)                                                       33. TAXATION (continued)                                                                     33. PERPAJAKAN (lanjutan)                                      33. TAXATION (continued)

     e.    Aset pajak tangguhan - neto (lanjutan)                                         e.      Deferred tax assets - net (continued)                                          e.   Aset pajak tangguhan - neto (lanjutan)                    e.   Deferred tax assets - net (continued)

           Pajak tangguhan yang timbul dari perbedaan                                             Deferred tax arises from temporary differences                                      Berdasarkan Peraturan Menteri Keuangan                         Based on the Regulation of the Minister of Finance
           temporer antara nilai buku menurut komersial                                           between book value based on commercial and tax                                      Republik Indonesia Nomor 74 Tahun 2024                         of the Republic of Indonesia Number 74 Year 2024
           dan menurut pajak adalah sebagai berikut                                               purposes are as follows (continued):
                                                                                                                                                                                      ("PMK-74") tentang Pembentukan Cadangan                        ("PMK-74") concerning the Establishment of
           (lanjutan):
                                                                                                                                                                                      Piutang Tak Tertagih yang Boleh Dikurangkan                    Reserves for Uncollectible Receivables that Can Be
                                                                                          2023                                                                                        dari Penghasilan Bruto, terdapat perubahan pada                Deductible from Gross Income, there are changes to
                                                                      Dikreditkan/                                                                                                    ketentuan perhitungan penyisihan piutang tak                   the provisions for calculating the allowance for
                                                                     (dibebankan)
                                                      Saldo           ke laba rugi/              Dibebankan        Saldo                                                              tertagih yang boleh dikurangkan dari penghasilan               uncollectible receivables that can be deducted from
                                                      awal/            Credited/                 ke ekuitas/        akhir/                                                            bruto. Selish lebih antara saldo awal cadangan                 gross income. The excess difference between the
                                                    Beginning        (charged) to                Charged to        Ending
                                                     balance         profit or loss                equity          balane                                                             piutang tak tertagih tahun 2024 yang dihitung                  initial balance of the 2024 uncollectible receivables
                                                                                                                                                                                      menggunakan PMK-74 dan saldo akhir cadangan                    reserve calculated using PMK-74 and the final
           Bank Mandiri                                                                                                                                    Bank Mandiri
           Aset pajak tangguhan:                                                                                                                    Deferred tax assets:              piutang tak tertagih tahun 2023 yang dihitung                  balance of the 2023 uncollectible receivables
                                                                                                                                                            Allowance for
           Cadangan kerugian penurunan nilai                                                                                                         impairment losses                menggunakan peraturan sebelumnya akan diakui                   reserve calculated using the previous regulation will
            kredit yang diberikan                     6.363.273           (1.346.156)                          -     5.017.117                    for loans and sharia                oleh Bank sebagai beban yang dapat                             be recognised by the Bank as a deductible expense
            dan piutang/pembiayaan syariah                                                                                                      receivables/financing
           Penyisihan biaya uang penghargaan                                                                                         Provisions for post-employment                   dikurangkan pada tahun fiskal 2024 dan 2025.                   in the 2024 and 2025 fiscal years. Related to this,
            pegawai dan cadangan                                                                                                                       benefit expense,
            atas bonus dan insentif,                                                                                               provision for bonuses, leave and
                                                                                                                                                                                      Terkait dengan hal tersebut, aset pajak                        the deferred tax assets utilized by the Bank in fiscal
            cuti dan THR pegawai                      1.692.770             (101.018)                    (7.796)     1.583.956            holiday (THR) entitlements                  tangguhan yang dimanfaatkan Bank pada tahun                    year 2024 are Rp1,301,982.
           Cadangan kerugian penurunan nilai                                                                                         Allowance for impairment losses
            aset keuangan selain                                                                                                                    on financial assets               fiskal 2024 adalah sebesar Rp1.301.982.
            kredit yang diberikan                                                                                                        other than loans and sharia
            dan piutang/pembiayaan syariah              696.917              (33.343)                          -       663.574                     receivables/financing
           Keuntungan yang belum                                                                                                      Unrealised gain from increased             f.   Surat ketetapan pajak                                    f.    Tax assessment letter
            direalisasi dari kenaikan                                                                                                        fair value of marketable
            nilai wajar efek-efek                                                                                                                        securities and
            dan obligasi pemerintah -
            diukur pada nilai wajar
                                                                                                                                                    government bonds
                                                                                                                                             - measured at fair value
                                                                                                                                                                                      Tahun pajak 2015                                               Fiscal year 2015
            melalui pendapatan                                                                                                                            through other
            komprehensif lain                           931.086                       -               (119.958)        811.128                comprehensive income
           Penyisihan atas estimasi kerugian                                                                                          Allowance for estimated losses                  Berdasarkan hasil pemeriksaan pajak oleh                       According to the tax audit result from Tax Office,
            yang timbul dari kasus hukum
           Estimasi kerugian atas komitmen
                                                         20.927                (3.886)                         -        17.041               arising from legal cases
                                                                                                                                   Estmated losses on commitments
                                                                                                                                                                                      Kantor Pajak, pada tanggal 26 November 2019,                   on 26 November 2019, the Bank received
            dan kontinjensi                              36.275              (36.275)                          -             -                       and contingencies                Bank telah menerima Surat Ketetapan Pajak                      Underpayment Tax Assessment Letter (SKPKB) of
           Penyisihan kerugian                                                                                                      Allowance for possible losses on
            properti terbengkalai                        16.338                (3.144)                         -        13.194                 abandoned properties                   Kurang Bayar (SKPKB) atas PPh Badan untuk                      Corporate Income Tax for fiscal year 2015
           Penyisihan kerugian                                                                                                      Allowance for possible losses on                  tahun fiskal 2015 sebesar Rp918.160 (termasuk                  amounted to Rp918,160 (including penalties)
            agunan yang diambil alih                     53.396                       -                        -        53.396                      repossessed asset
                                                                                                                                                                                      denda) dimana yang disetujui oleh Bank hanya                   which accepted by Bank amounted to Rp201,197
           Aset pajak tangguhan                       9.810.982           (1.523.822)                 (127.754)      8.159.406                    Deferred tax assets                 sebesar Rp201.197 dan dicatat sebagai beban                    only and recorded as current tax expense - prior
           Liabilitas pajak tangguhan:                                                                                                           Deferred tax liabilities:            pajak kini - tahun sebelumnya di laporan laba rugi             year in the 2019 consolidated statement of profit or
           Keuntungan/(kerugian) yang                                                                                                       Unrealised gain/(loss) from
             belum direalisasi dari                                                                                                            increase/(decrease) in                 konsolidasi     tahun    2019.    Pada     tanggal             loss. On 5 December 2019, the Bank has paid all
             kenaikan/(penurunan) nilai wajar                                                                                      fair value of marketable securities                5 Desember 2019, Bank telah melakukan                          of the underpayment and has submitted an
             efek-efek dan obligasi                                                                                               and government bonds - fair value
             pemerintah - nilai wajar                                                                                                                   through other                 pembayaran atas seluruh SKPKB PPh Badan                        objection letter on the SKPKB of Corporate Income
             melalui laba rugi                           (7.827)             (27.839)                          -       (35.666)               comprehensive income
           Nilai buku aset tetap                       (125.994)              17.905                           -      (108.089)          Net book value of fixed assets
                                                                                                                                                                                      dan telah mengajukan surat keberatan atas                      Tax amounted to Rp716,963 to the Tax Office on
           Estimasi kerugian atas komitmen                                                                                           Estmated losses on commitments                   SKPKB PPh Badan yang tidak disetujui sebesar                   20 February 2020.
             dan kontinjensi                                    -           (140.951)                          -      (140.951)                    and contingencies
                                                                                                                                                                                      Rp716.963 ke Kantor Pajak pada tanggal
           Aset pajak tangguhan neto -                                                                                                            Deferred tax assets                 20 Februari 2020.
            Bank Mandiri saja                         9.677.161           (1.674.707)                 (127.754)      7.874.700                  - Bank Mandiri only
           Aset pajak tangguhan -                                                                                                                  Deferred tax assets
            Entitas Anak                              2.368.318              (50.630)                   (13.144)     2.304.544                         - Subsidiaries                 Pada tanggal 26 November 2019, Bank juga                       On 26 November 2019, the Bank also received
           Total aset pajak tangguhan                                                                                                             Total consolidated                  menerima SKPKB atas PPh Pasal 21, PPh Pasal                    Underpayment Tax Assessment Letter (SKPKB)
            konsolidasian - neto                     12.045.479           (1.725.337)                 (140.898)     10.179.244             deferred tax assets - net                  23 dan PPh Pasal 4 ayat (2) sebesar Rp28.255                   for income tax article 21, 23 and 4 paragraph (2)
                                                                                                                                                                                      (termasuk denda) dan Pajak Pertambahan Nilai                   amounted to Rp28,255 (including penalties) and
           Aset    pajak    tangguhan   dihitung  dengan                                          Deferred tax assets are calculated using applicable                                 (PPN) berikut Surat Tagihan Pajak (STP)                        Value Added Tax (VAT) and Surat Tagihan Pajak
           menggunakan tarif pajak yang berlaku atau                                              tax rate or substantially enacted tax rate at                                       sebesar Rp247.544 (termasuk denda) untuk                       (STP) amounted to Rp247,544 (including
           secara substansial telah berlaku pada tanggal                                          consolidated statement of financial position dates.                                 tahun fiskal 2015. Pada tanggal 5 Desember                     penalties) for 2015 fiscal year. On 5 December
           laporan posisi keuangan konsolidasian.                                                                                                                                     2019, Bank telah melakukan pembayaran atas                     2019, the Bank has paid the entire SKPKB. Bank
                                                                                                                                                                                      seluruh SKPKB tersebut. Bank tidak akan                        will not file an objection to SKPKB PPh Article 21,
           Manajemen    berpendapat     bahwa     terdapat                                        Management believes that it is possible that future                                 mengajukan keberatan atas SKPKB PPh Pasal                      PPh Article 23 and PPh Article 4 paragraph (2)
           kemungkinan besar jumlah laba fiskal pada masa                                         taxable income will be available to be utilised                                     21, PPh Pasal 23 dan PPh Pasal 4 ayat (2)                      amounted to Rp28,255 and has submitted an
           mendatang      akan       memadai         untuk                                        against the temporary difference, which resulted in
                                                                                                                                                                                      sebesar Rp28.255 dan telah mengajukan surat                    objection letter to the SKPKB VAT amounted to to
           mengkompensasi perbedaan temporer yang                                                 deferred tax assets.
           menimbulkan aset pajak tangguhan tersebut.                                                                                                                                 keberatan atas SKPKB PPN sebesar Rp247.544                     Rp247,544 to the Tax Office on 20 February 2020.
                                                                                                                                                                                      ke Kantor Pajak pada tanggal 20 Februari 2020.




PT BANK MANDIRI (PERSERO) TBK                                       1530              251                                                                                                                                                  1531
                                                                                                                                                                                                                                              252                                   ANNUAL REPORT 2024
Page 488
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                           PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                 DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED              CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS            KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                               31 DECEMBER 2024 AND 2023           31 DESEMBER 2024 DAN 2023                                                               31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)      (Expressed in millions of Rupiah, unless otherwise stated)    (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)      (Expressed in millions of Rupiah, unless otherwise stated)


33. PERPAJAKAN (lanjutan)                                    33. TAXATION (continued)                                       33. PERPAJAKAN (lanjutan)                                   33. TAXATION (continued)

     f.    Surat ketetapan pajak (lanjutan)                     f.   Tax assessment letter (continued)                          f.   Surat ketetapan pajak (lanjutan)                      f.   Tax assessment letter (continued)

           Tahun pajak 2015 (lanjutan)                               Fiscal year 2015 (continued)                                    Tahun pajak 2016                                           Fiscal year 2016

           Jumlah pembayaran atas SKPKB yang tidak                   The total payment for the SKPKB that was not                    Berdasarkan hasil pemeriksaan pajak oleh                   Based on the result of the tax audit from Tax Office
           disetujui diatas sebesar Rp964.507 dimana Bank            approved above amounted to Rp964,507 where                      Kantor Pajak, pada tanggal 17 November 2020,               on 17 November 2020, the Bank has received an
           telah mengajukan keberatan, dicatat sebagai               the Bank has filed an objection, and recognised as              Bank telah menerima Surat Ketetapan Pajak                  Underpayment Tax Assessment (SKPKB) on
           pajak dibayar dimuka pada tanggal 31 Desember             prepaid tax on 31 December 2021 and 2020.                       Kurang Bayar (SKPKB) atas PPh Badan untuk                  Corporate Income tax for the 2016 fiscal year
           2021 dan 2020.                                                                                                            tahun fiskal 2016 sebesar Rp1.293.817                      amounted to Rp1,293,817 (including penalties),
                                                                                                                                     (termasuk denda) dimana yang disetujui oleh                which was accepted by the Bank for only
           Pada tanggal 26 Januari 2021, Bank telah                  On 26 January 2021, the Bank has received the                   Bank hanya sebesar Rp175.592 dan dicatat                   Rp175,592 and recorded as current tax expense -
           menerima hasil putusan keberatan PPh Badan                decision on the objection to Corporate Income Tax               sebagai beban pajak kini - tahun sebelumnya di             prior year in the 2020 consolidated statement of
           untuk tahun fiskal 2015, yang mengurangi jumlah           (CIT) for the 2015 fiscal year, which reduces the               laporan laba rugi konsolidasi tahun 2020. Pada             profit or loss. On 27 November 2020, Bank has
           pajak dalam surat keberatan dari Rp716.963                amount of tax in the objection letter from                      tanggal 27 November 2020, Bank telah                       paid all SKPKB Corporate Income Tax and has
           menjadi Rp544.853. Bank juga telah menerima               Rp716,963 to Rp544,853. The Bank also received                  melakukan pembayaran atas seluruh SKPKB                    submitted an objection letter for the SKPKB
           hasil putusan keberatan PPN untuk tahun fiskal            the decision on the VAT objection for the 2015                  PPh Badan sebesar Rp1.118.225 ke Kantor                    amounted to Rp1,118,225 to the Tax Office.
           2015, yang mengurangi jumlah pajak dalam surat            fiscal year, which reduced the amount of tax in the             Pajak.

           keberatan dari Rp247.544 menjadi Rp221.199.               objection letter from Rp247,544 to Rp221,199. The               Pada tanggal 17 November 2020, Bank juga                   On 17 November 2020, the Bank also received
           Bank tidak setuju dengan hasil putusan                    Bank does not agree with the objection decision                 menerima SKPKB atas PPh Pasal 21 sebesar                   SKPKB on Income Tax Article 21 amounted to
           keberatan dan telah mengajukan banding ke                 and has submitted an appeal to the Tax Court on                 Rp31.492 dan Pajak Pertambahan Nilai (PPN)                 Rp31,492 and Value Added Tax (VAT) also the tax
           Pengadilan Pajak pada tanggal 16 April 2021.              16 April 2021.                                                  berikut Surat Tagihan Pajak (STP) sebesar                  collection letter (STP) amounted to Rp128,766
                                                                                                                                     Rp128.766 (termasuk denda) untuk tahun fiskal              (including penalties) for the 2016 fiscal year. On 27
           Pada tanggal 9 Juni 2023, Pengadilan Pajak                On 9 June 2023, the Tax Court read the verdict of               2016. Pada tanggal 27 November 2020, Bank                  November 2020, Bank has paid all the SKPKB,
           telah membacakan putusan banding PPh Badan                the appeal for Corporate Income Tax (CIT) and                   telah melakukan pembayaran atas seluruh                    and will not submit an objection to SKPKB Article
           dan PPN. Pengadilan Pajak mengabulkan                     Value Added Tax (VAT). The Tax Court fully                      SKPKB tersebut. Bank tidak akan mengajukan                 21 amounted to Rp31,492 and SKPKB VAT
           seluruhnya permohonan banding PPh Badan,                  granted the CIT appeal, which reduced the amount                keberatan atas SKPKB PPh Pasal 21 sebesar                  amounted to Rp128,766. All underpayments are
           yang mengurangi jumlah pajak dalam surat                  of tax in the appeal letter from Rp544,853 to RpNil.            Rp31.492 dan SKPKB PPN sebesar Rp128.766.                  charged to the 2020 consolidated statement of
           banding dari Rp544.853 menjadi RpNihil.                   The Tax Court also fully granted the VAT appeal,                Seluruh kurang bayar tersebut dibebankan ke                profit or loss.
           Pengadilan Pajak juga mengabulkan seluruhnya              which reduced the amount of tax in the appeal                   laporan laba rugi konsolidasian tahun 2020.
           permohonan banding PPN, yang mengurangi                   letter from Rp221,199 to RpNil. On 15 September
           jumlah pajak dalam surat banding dari                     2023, the Tax Office submitted judicial review to               Jumlah pembayaran atas SKPKB yang tidak                    The total payment for the SKPKB that was not
           Rp221.199 menjadi RpNihil. Pada tanggal                   the Supreme Court regarding the Tax Court                       disetujui di atas sebesar Rp1.118.225 dimana               approved above amounted to Rp1,118,225 where
           15 September 2023, Kantor Pajak mengajukan                decision on CIT. In relation to the Judicial Review,            Bank mengajukan keberatan, dicatat sebagai                 the Bank filed an objection, was recorded as
           permohonan peninjauan kembali ke Mahkamah                 the Bank has submitted response in the form of                  pajak     dibayar   dimuka     pada   tanggal              prepaid tax on 31 December 2021. The Bank has
           Agung atas Putusan Banding PPh Badan.                     Counter Memorial of Judicial Review to the                      31 Desember 2021. Bank telah mengajukan surat              submitted an objection letter to the SKPKB for
           Sehubungan dengan adanya Permohonan                       Supreme Court on 18 October 2023, stating that                  keberatan atas SKPKB PPh Badan yang tidak                  Corporate Income Tax (CIT) which was not
           Peninjauan Kembali tersebut, Bank telah                   the Tax Court decision is in accordance with the                disetujui sebesar Rp1.118.225 ke Kantor Pajak              approved amounted to Rp1,118,225 to Tax Office
           memberikan jawaban dalam bentuk Kontra                    applicable laws and regulations.                                pada tanggal 10 Februari 2021.                             on 10 February 2021.
           Memori Peninjauan Kembali kepada Mahkamah
           Agung pada tanggal 18 Oktober 2023, yang                                                                                  Pada tanggal 7 Februari 2022, Bank telah                   On 7 February 2022, the Bank received the
           menyatakan bahwa putusan Pengadilan Pajak                                                                                 menerima hasil putusan keberatan PPh Badan,                decision on objection to CIT which reduced the
           telah sesuai dengan ketentuan peraturan                                                                                   yang mengurangi jumlah pajak dalam surat                   amount of tax in the objection letter from
           perundang-undangan yang berlaku.                                                                                          keberatan dari Rp1.118.225 menjadi Rp213.760.              Rp1,118,225 to Rp213,760. On 21 March 2022,
                                                                                                                                     Pada tanggal 21 Maret 2022, Bank telah                     the Bank received a tax refund for the objection to
           Pada tanggal 6 Agustus 2024, Mahkamah Agung               On 6 August 2024, the Supreme Court denied the                  menerima pengembalian pajak atas hasil putusan             Corporate Income Tax in the amount of Rp909,489
           telah   memutuskan     menolak   Permohonan               Judicial Review requested by the Tax Office                     keberatan PPh Badan tersebut sebesar                       and recorded it as a deduction from prepaid tax
           Peninjauan Kembali yang diajukan Kantor Pajak             regarding the Appeal Decision on Corporate                      Rp909.489 dan dicatat sebagai pengurang                    payments. The Bank did not agree with the results
           terhadap Putusan Banding atas PPh Badan,                  Income Tax, by upholding the Appeal Decision                    pembayaran pajak dibayar dimuka. Bank tidak                of the objection decision and has submitted an
           dengan mempertahankan Putusan Banding yang                which reduced the amount of tax from Rp544,853                  setuju dengan hasil putusan keberatan dan telah            appeal to the Tax Court on 28 April 2022. As of the
           mengurangi jumlah pajak dari Rp544.853                    to RpNil.                                                       mengajukan banding ke Pengadilan Pajak pada                authorisation date of these consolidated financial
           menjadi RpNihil.                                                                                                          tanggal 28 April 2022. Sampai dengan tanggal               statements, the appeal process at the Tax Court is
                                                                                                                                     otorisasi laporan keuangan konsolidasian ini,              still ongoing.
                                                                                                                                     proses banding di Pengadilan Pajak masih
                                                                                                                                     berlangsung.




PT BANK MANDIRI (PERSERO) TBK                        1532     253                                                                                                                      1533
                                                                                                                                                                                          254                                  ANNUAL REPORT 2024
Page 489
        FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                       PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                             DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED                  CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS                KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023               31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)        (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

                                                                                                                                       35. LIABILITAS LAIN-LAIN (lanjutan)                             35. OTHER LIABILITIES (continued)
34. LIABILITAS IMBALAN KERJA                                    34. EMPLOYEE BENEFIT LIABILITIES
                                                                                                                                                                                             2024                    2023
                                                     2024                     2023                                                         Mata uang asing                                                                                         Foreign currencies
                                                                                                                                            Term Deposits Valas                                                                             Foreign Exchange Term
                                                                                                                                               Devisa Hasil Ekspor                             3.862.800              3.718.375   Deposits from Export Activities
     Penyisihan biaya uang penghargaan                                                          Provision for post-employment               Pendapatan diterima dimuka                                                                                 Deferred income
       pegawai (Catatan 51)                            3.495.175              3.553.213                    benefit (Note 51)                   yang tidak teratribusi                          2.075.283                539.309          (not directly attributable)
                                                                                                       Provisions for bonuses,              Liabilitas terkait dengan transaksi                                                                    Customers transfer
                                                                                                                                               transfer nasabah                                                                                          transactions
     Cadangan atas bonus, insentif,                                                                     incentive, leave and                   (Catatan 62.B.(iv))                                768.298             2.596.090                       (Note 62.B.(iv))
       cuti dan THR                                    3.664.843              8.341.416          holiday (THR) entitlements                 Liabilitas kepada pihak ketiga                        487.337                89.225             Liabilities to third parties
                                                                                                                                            Liabilitas terkait dengan transaksi                                                            Liabilities related to trade
                                                                                                                                               trade finance                                      422.451             1.000.360                finance transactions
     Total                                             7.160.018             11.894.629                                      Total
                                                                                                                                            Setoran jaminan (Catatan 62.B.(iv))                   369.906               587.877 Guarantee deposits (Note 62.B.(iv))
                                                                                                                                            Liabilitas terkait dengan transaksi                                                                    Liabilities related to
                                                                                                                                               treasuri                                           317.456                     -               treasury transactions
     Penyisihan biaya uang penghargaan pegawai meliputi                Provision for post-employment benefit such as pension                Liabilitas sewa (Catatan 62.B.(iv))                   135.535               167.065    Lease liabilities (Note 62.B.(iv))
                                                                                                                                            Liabilitas transaksi asuransi                          19.961                19.039     Insurance transaction liabilities
     uang pensiun dan remunerasi jangka panjang lainnya                fund and other long term remuneration are in                         Liabilitas transaksi nasabah                            4.893                     -      Liabilities related to customers
     sesuai dengan kebijakan Bank dan Entitas Anak yang                accordance with the Bank and Subsidiaries’ policy                    Liabilitas terkait dengan                                                                 Liabilities related to ATM and
     dihitung dengan perhitungan aktuaris.                             which are calculated using actuarial calculation.                       transaksi ATM dan kartu kredit                                                             credit card transactions
                                                                                                                                               (Catatan 62.B.(iv))                                22.379                  4.340                      (Note 62.B.(iv))
                                                                                                                                            Liabilitas terkait dengan unit-link                    5.184                  4.945         Liabilities related to unit-link
                                                                                                                                            Liabilitas spot                                            -                    316                           Spot liabilities
35. LIABILITAS LAIN-LAIN                                        35. OTHER LIABILITIES                                                       Lain-lain                                          2.211.648                355.926                                   Others
                                                                                                                                           Total                                             10.703.131               9.082.867                                     Total
                                                     2024                     2023
                                                                                                                                                                                             40.131.500             37.399.213

     Rupiah                                                                                                                   Rupiah       Liabilitas kepada pemegang polis terdiri dari liabilitas           Liabilities to policyholders consist of liabilities of the
       Liabilitas kepada pemegang polis                7.474.601              6.826.438             Liabilities to policyholders           Entitas Anak (2024: PT AXA Mandiri Financial                       Subsidiary (2024: PT AXA Mandiri Financial Services,
       Liabilitas terkait dengan                                                                Liabilities related to ATM and             Services, 2023: PT AXA Mandiri Financial Services dan              2023: PT AXA Mandiri Financial Services and PT
         transaksi ATM dan kartu kredit                4.498.184              7.988.394             credit card transactions               PT Asuransi Jiwa Inhealth Indonesia) sebagai berikut:              Asuransi Jiwa Inhealth Indonesia) as follows:
       Pendapatan diterima dimuka                                                                                Deferred income                                                             2024                    2023
         yang tidak teratribusi                        4.242.085                594.381            (not directly attributable)
       Liabilitas kepada pihak ketiga                  2.093.113              2.316.954               Liabilities to third parties         Manfaat polis masa depan dari                                                                     Future policy benefits from
                                                                                                                                             produk non unit-link                              7.001.569              5.545.895                 non unit-link products
       Utang transaksi nasabah                         1.560.159              1.763.561      Customers transaction payables                Utang klaim                                           198.737                287.424                         Claim payables
       Liabilitas sewa                                 1.481.045                827.903                           Lease liabilities        Estimasi liabilitas klaim                             168.985                423.837               Estimated claim liabilities
       Pendapatan diterima dimuka                                                                                Deferred income           Premi yang belum merupakan
                                                                                                                                             pendapatan                                           105.310               569.282                    Unearned premiums
         yang teratribusi                              1.117.656              1.023.992                  (directly attributable)
       Setoran jaminan                                   998.341                782.525                      Guarantee deposits            Total                                               7.474.601              6.826.438                                     Total
       Liabilitas terkait dengan transaksi                                                    Liabilities related to customers
         transfer nasabah                                  815.693              352.988                 transfer transactions              Liabilitas manfaat polis masa depan adalah jumlah                  Liability for future policy benefits is the amount of funds
                                                                                                                                           dana yang harus disediakan oleh penanggung untuk                   that must be provided by the insurer to pay benefits and
       Liabilitas dana pensiun dan                                                                              Pension fund and           membayar manfaat dan klaim di masa yang akan                       claims in the future to the party as stated in the policy.
         JHT pensiun                                       800.295            1.190.519              pension plan liabilities              datang kepada pihak sebagaimana dinyatakan dalam                   Changes in liability for future policy benefits are
       Liabilitas terkait dengan unit-link                 742.344              721.960           Liabilities related to unit-link         polis. Perubahan liabilitas manfaat polis masa depan               recognised in profit or loss for the year. Liability for
       Liabilitas transaksi asuransi                       707.508              691.011       Insurance transaction liabilities            diakui dalam laba rugi tahun berjalan. Liabilitas                  future policy benefits has been calculated using the
                                                                                                                                           manfaat polis masa depan telah dihitung                            Gross Premium Reserve method and the daily method.
       Liabilitas kepada dealer                            667.172            1.035.958                       Liabilities to dealer        menggunakan metode Gross Premium Reserve                           The assumptions used to calculate future liability
       Liabilitas zakat                                    235.682              196.774                           Zakat liabilities        maupun metode harian. Asumsi-asumsi yang dipakai                   reserves for policyholders with Gross Premium
       Liabilitas terkait dengan transaksi                                                       Liabilities related to treasury           untuk menghitung cadangan liabilitas masa depan                    Reserves are based on the best estimate assumptions
                                                                                                                                           pemegang polis dengan Gross Premium Reserve                        for 2024 which include assumptions on mortality,
         treasuri                                           87.682                72.313                           transactions
                                                                                                                                           adalah berdasarkan asumsi estimasi terbaik tahun                   morbidity, lapses expenses, inflation rates and interest
       Liabilitas spot                                      15.586                 5.137                            Spot liabilities       2024 yang meliputi asumsi tingkat mortalita,                       rates.
       Penyisihan atas estimasi kerugian                                                       Provision for losses that arise             morbidita, tingkat pembatalan polis, biaya, tingkat
         yang timbul dari kasus hukum                        3.021                   2.989                    from legal cases             inflasi, dan tingkat suku bunga.
       Liabilitas terkait dengan transaksi                                                           Liabilities related to trade          Premi yang belum merupakan pendapatan adalah                       Unearned premiums are the portion of premiums that
         trade finance                                         -                 10.858                  finance transactions              bagian dari premi yang belum diakui sebagai                        have not been recognised as income because the
       Lain-lain                                       1.888.202              1.911.691                                     Others         pendapatan karena masa pertanggungannya masih                      coverage period is still running at the end of the year.
                                                                                                                                           berjalan pada akhir tahun. Cadangan atas premi yang                Reserves for unearned premiums are calculated using
     Total                                           29.428.369              28.316.346                                       Total        belum merupakan pendapatan dihitung dengan                         the daily amortisation method with consideration for the
                                                                                                                                           menggunakan metode amortisasi harian dengan                        policy coverage period as calculated by the actuary.
                                                                                                                                           mempertimbangkan masa pertanggungan polis yang
                                                                                                                                           dihitung oleh aktuaris.



PT BANK MANDIRI (PERSERO) TBK                        1534            255                                                                                                                              1535
                                                                                                                                                                                                         256                                       ANNUAL REPORT 2024
Page 490
        FINANCIAL STATEMENTS 2024


                                          PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                 PT BANK MANDIRI (PERSERO) Tbk.
                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED                   CATATAN ATAS LAPORAN KEUANGAN                                                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS                 KONSOLIDASIAN                                                                                                                  FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                   31 DECEMBER 2024 AND 2023                31 DESEMBER 2024 DAN 2023                                                                                                  31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)         (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                         (Expressed in millions of Rupiah, unless otherwise stated)

35. LIABILITAS LAIN-LAIN (lanjutan)                              35. OTHER LIABILITIES (continued)                                   35. LIABILITAS LAIN-LAIN (lanjutan)                                                          35. OTHER LIABILITIES (continued)

     Estimasi liabilitas klaim adalah estimasi liabilitas atas      Estimated claim liability is estimated liability for                 Pendapatan diterima dimuka yang tidak teratribusi                                              Non directly attributable deferred income consists of
     klaim-klaim asuransi yang telah terjadi, yaitu klaim-          insurance claims that have occurred, which are claims                secara langsung terdiri dari pendapatan provisi/komisi                                         provisions/commissions      of   loans      and      sharia
     klaim yang belum diajukan oleh provider, serta klaim-          that have not been submitted by the provider, as well                kredit dan piutang/pembiyaan syariah yang tidak                                                receivables/financing that are not directly attributable to
     klaim yang sudah diterima namun belum ditentukan               as claims that have been received but the replacement                terkait langsung dengan pemberian kredit dan                                                   the unamortised loans and sharia receivables/financing
     nilai gantinya.                                                value has not been determined.                                       piutang/pembiyaan syariah yang belum diamortisasi.                                             granted.

                                                                                                                                         Lain-lain terutama terdiri dari rekening antar kantor                                          Others mainly consist of interoffice accounts and
     Utang klaim adalah utang atas klaim-klaim asuransi             Claims payable is an payable of insurance claims that
                                                                                                                                         dan liabilitas terkait transaksi perdagangan, titipan                                          liabilities related to trade transactions, deposits and
     yang telah diterima dan disetujui.                             have been received and approved.                                     dan transaksi yang masih harus diselesaikan.                                                   transaction remains to be settled.

     Liabilitas dana pensiun dan JHT pensiun merupakan              Pension fund and pension plan liablities are liabilities of          Pengungkapan liabilitas sewa pada tanggal                                                      The disclosure of lease liabilities as of 31 December
     Liabilitas Entitas Anak (PT Bank Mandiri Taspen)               a subsidiary (PT Bank Mandiri Taspen) to retirees,                   31 Desember 2024 dan 2023 sebagai berikut:                                                     2024 and 2023 are as follows:
     kepada pensiunan, dimana Entitas Anak berperan                 where the Subsidiary acts as a distributor of pension
                                                                                                                                                                                                                               2024
     sebagai penyalur dana pensiun dari nasabah Entitas             funds from the Subsidiary’s customers to the retirees of
     Anak kepada pensiunan nasabah.                                 those customers.                                                                                                                         Beban bunga                                 Pengalihan
                                                                                                                                                                                                             atas liabilitas      Liabilitas sewa      pengendalian
                                                                                                                                                                                      Penambahan                 sewa/               yang telah         atas entitas
     Utang transaksi nasabah sebagian besar terdiri dari            Customer transaction payables mostly consist of                                                    Saldo
                                                                                                                                                                     1 Januari/
                                                                                                                                                                                         sewa/
                                                                                                                                                                                       Additions of
                                                                                                                                                                                                           Interest expense
                                                                                                                                                                                                                on lease
                                                                                                                                                                                                                                    dibayarkan/
                                                                                                                                                                                                                                    Payments of
                                                                                                                                                                                                                                                       anak/Control
                                                                                                                                                                                                                                                        transfer of a
                                                                                                                                                                                                                                                                                    Saldo
                                                                                                                                                                                                                                                                                31 Desember/
     utang yang timbul dari transaksi perdagangan efek              payables arising from securities trading transactions of                                        January 2024     lease liabilities         liabilities        lease liabilities      subsidiary            December 2024
     Entitas Anak.                                                  Subsidiaries.
                                                                                                                                         Kategori aset pendasar                                                                                                                                           Underlying assets
                                                                                                                                         Kendaraan bermotor               376.488             268.513                   24.317           (275.121)                     -              394.197                         Vehicles
     Term Deposits Valas Devisa Hasil Ekspor merupakan              Foreign Exchange Term Deposits from Export Activities                Bangunan - rumah dinas            13.100             103.304                      736           (102.665)                     -               14.475      Building - office residence
                                                                                                                                         Bangunan - gedung kantor         591.568           1.278.943                   45.054         (1.249.964)               (16.662)             648.939        Building - office building
     suatu instrumen dimana dana devisa hasil ekspor dari           is an instrument where foreign exchange from export                  Perlengkapan, peralatan                                                                                                                                  Furniture and fixture, office
                                                                                                                                            kantor dan komputer            13.812             510.607                   58.300            (23.750)                         -          558.969    equipment and computer
     rekening khusus eksportir ditempatkan pada Bank                proceeds from exporters’ special account are placed in
     Indonesia melalui rekening Bank sesuai mekanisme               Bank Indonesia through Bank’s accounts in accordance                 Total                            994.968           2.161.367                 128.407          (1.651.500)               (16.662)           1.616.580                            Total

     pasar.                                                         with market mechanisms.
                                                                                                                                                                                                                                        2023
     Liabilitas terkait dengan transaksi ATM dan kartu              Liabilities related to ATM and credit card transactions                                                                                                        Beban bunga
     kredit terdiri dari liabilitas atas transaksi ATM dalam        consist of liabilities from ATM transactions within ATM                                                                                                        atas liabilitas     Liabilitas sewa
                                                                                                                                                                                                          Penambahan                   sewa/             yang telah
     jaringan ATM Bersama, ATM Link dan ATM Prima                   Bersama, ATM Link and ATM Prima network and                                                                       Saldo                  sewa/               Interest expense        dibayarkan/                 Saldo
                                                                                                                                                                                    1 Januari/             Additions of               on lease          Payments of              31 Desember/
     dan liabilitas kepada Visa dan Master Card dan JCB             liabilities to Visa and Master Card and JCB for credit                                                         January 2023          lease liabilities           liabilities       lease liabilities        December 2023
     untuk transaksi kartu kredit.                                  card transactions.
                                                                                                                                         Kategori aset pendasar                                                                                                                                         Underlying assets
                                                                                                                                         Kendaraan bermotor                              386.924                   245.240                  25.553             (281.229)               376.488                      Vehicles
     Liabilitas terkait dengan unit-link merupakan liabilitas       Liabilities related to unit-link represents unit-link                Bangunan - rumah dinas                            7.671                   122.701                     454             (117.726)                13.100   Building - office residence
     unit-link kepada pihak ketiga dan liabilitas pemegang          liabilities to third parties and liabilities to unit-link fund       Bangunan - gedung kantor
                                                                                                                                         Perlengkapan, peralatan
                                                                                                                                                                                         447.110                 1.379.002                  41.517           (1.276.061)               591.568     Building - office building
                                                                                                                                                                                                                                                                                                Furniture and fixture, office
     dana unit-link Entitas Anak (PT AXA Mandiri Financial          holders of Subsidiary (PT AXA Mandiri Financial                         kantor dan komputer                           26.329                     3.047                     1.589             (17.153)               13.812 equipment and computer
     Services).                                                     Services).                                                           Total                                           868.034                 1.749.990                  69.113           (1.692.169)               994.968                           Total


     Liabilitas terkait dengan transaksi transfer nasabah           Liabilities related to customers’ transfer transactions              Liabilitas lain-lain terkait sewa berdasarkan jangka                                           Other liabilities related to leases by period:
     terdiri dari transaksi pengiriman uang yang masih              represent transfer funds in various currencies that need             waktu:
     harus diselesaikan dalam berbagai mata uang dari               to be settled from or to customers’ accounts.
                                                                                                                                                                                                                 2024                              2023
     dan atau ke rekening nasabah.
                                                                                                                                         Jangka pendek                                                               204.450                           211.261                                              Short term
     Setoran jaminan merupakan jaminan uang tunai yang              Guarantee deposit is a cash guarantee deposited by                   Jangka panjang                                                            1.412.130                           783.707                                              Long term
     disetorkan oleh nasabah atas transaksi ekspor, impor           customers related to export, import transaction and
     dan penerbitan bank garansi.                                   issuance of bank guarantees.                                         Total                                                                     1.616.580                           994.968                                                       Total

     Liabilitas kepada dealer merupakan liabilitas Entitas          Liabilities to dealers are liabilities of the Subsidiaries           Analisis jatuh tempo liabilitas lain-lain terkait sewa                                          Analysis of the maturities of other liabilities related to
     Anak (PT Mandiri Tunas Finance dan PT Mandiri                  (PT Mandiri Tunas Finance and PT Mandiri Utama                       sebagai berikut:                                                                                leases as follows:
     Utama Finance) kepada dealer kendaraan bermotor                Finance) to motor vehicle dealers related to financing                                                                                       2024                              2023
     terkait pembiayaan yang diberikan Entitas Anak                 provided by the Subsidiaries to customers.
     kepada nasabah.                                                                                                                     1 tahun                                                                      204.450                          211.261                                                   1 year
                                                                                                                                         2 tahun                                                                      366.285                          377.366                                                  2 years
     Pendapatan diterima dimuka yang teratribusi secara             Directly attributable deferred income consists of income             3 tahun                                                                      549.115                          228.027                                                  3 years
     langsung terdiri dari pendapatan provisi/komisi kredit         from provisions/commissions of loans and sharia                      4 tahun                                                                      310.600                           55.632                                                  4 years
                                                                                                                                         5 tahun                                                                      140.907                          122.682                                                  5 years
     dan piutang/pembiyaan syariah yang terkait langsung            receivables/financing which directly attributable to
                                                                                                                                         > 5 tahun                                                                     45.223                                -                                                > 5 years
     dengan pemberian kredit dan piutang/pembiyaan                  unamortised loans and sharia receivables/financing
     syariah yang belum diamortisasi.                               granted.                                                             Total                                                                     1.616.580                           994.968                                                       Total




PT BANK MANDIRI (PERSERO) TBK                           1536      257                                                                                                                                                        1537
                                                                                                                                                                                                                                258                                                        ANNUAL REPORT 2024
Page 491
        FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                  PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                        DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED                CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS              KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                    31 DECEMBER 2024 AND 2023             31 DESEMBER 2024 DAN 2023                                                                    31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)      (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)

                                                                                                                                   36. PINJAMAN YANG DITERIMA (lanjutan)                         36. FUND BORROWINGS (continued)
36. PINJAMAN YANG DITERIMA                                           36.       FUND BORROWINGS
                                                                                                                                       (a) Kementerian Pekerjaan Umum dan Perumahan                     (a) Ministry of    Public   Work         and     Housing
                                                     2024                    2023                                                          Rakyat (Kemenpupera) (lanjutan)                                  (Kemenpupera) (continued)
                                                                                                                                            Pada Tahun 2021 terdapat Pengalihan                             In 2021, there was a transfer of management
     Rupiah                                                                                                            Rupiah               pengelolaan Dana FLPP yang sebelumnya                           of FLPP Funds which were previously managed
       Pihak berelasi                                                                                        Related parties                dikelola oleh Badan Layanan Umum Pusat                          by Badan Layanan Umum Pusat Pengelolaan
         (h) Lain-lain (Catatan 56)                    4.627.957              2.481.824               Others (Note 56) (h)                  Pengelolaan Dana Pembiayaan Perumahan                           Dana     Pembiayaan     Perumahan   ("PPDPP")
       Pihak ketiga                                                                                            Third parties                (“PPDPP”) dialihkan ke Badan Pengelola                          transferred to Badan Pengelola Tabungan
         (a) Kementerian Pekerjaan                                                                                                          Tabungan Perumahan Rakyat (“BPTapera”)                          Perumahan Rakyat (“BPTapera”) in accordance
              Umum dan Perumahan Rakyat                                                    Ministry of Public Work and (a)                  sesuai dengan Perjanjian Tripartit antara PPDPP,                with the Tripartite Agreement between PPDPP,
              (Kemenpupera)                           1.877.633               1.447.824        Housing (Kemenpupera)                        BPTapera dan PT Bank Mandiri (Persero) Tbk                      BPTapera and PT Bank Mandiri (Persero) Tbk
         (g) Bank Indonesia                          18.417.864              11.900.055                 Bank Indonesia (g)                  No.     06/PRJ/Pg/2021,      No.      10/PKS/BP-                No.      06/PRJ/Pg/2021,    No.    10/PKS/BP-
                                                                                                                                            TPR/I/12/2021 dan DIR.PKS/40/2021 Tanggal                       TPR/I/12/2021 and DIR.PKS/40/2021 dated
         (h) Lain-lain                               25.778.971              23.116.607                         Others (h)                  24 Desember 2021.                                               24 December 2021.
                                                     46.074.468              36.464.486                                                     Dalam     pelaksanaan    program,     dilakukan                 In implementing the program, a cooperation
                                                                                                                                            penandatanganan perjanjian kerjasama yang                       agreement was signed which is renewed every
                                                                                                                                            diperbaharui setiap tahun selama PT Bank                        year as long as PT Bank Mandiri (Persero) Tbk
     Total                                           50.702.425              38.946.310                                    Total            Mandiri (Persero) Tbk ikut serta menjadi Bank                   participated as the Implementing Bank, with the
                                                                                                                                            Pelaksana, dengan awal perjanjian kerjasama                     initial cooperation agreement is the Operational
     Mata uang asing                                                                                        Foreign currencies              yaitu Perjanjian Kerjasama Operasional antara                   Cooperation Agreement between Badan Layanan
      Pihak ketiga                                                                                              Third parties               Badan Layanan Umum Pusat Pembiayaan                             Umum        Pusat     Pembiayaan     Perumahan
         (b) Direct off-shore loans                  29.899.692              21.430.599          Direct off-shore loans (b)                 Perumahan Kementerian Perumahan Rakyat                          Kementerian Perumahan Rakyat of Public Housing
                                                                                                                                            Republik Indonesia pada tahun 2012 tentang                      of the Republic of Indonesia in 2012 regarding
         (c) Fasilitas pendanaan                                                                                                            Penyaluran Dana FLPP Dalam Rangka                               Distribution of FLPP Funds in the Context of
              perdagangan                            40.445.004              33.254.567        Trade financing facilities (c)               Perolehan Rumah Melalui KPR Sejahtera Bagi                      Acquiring a House through Prosperous KPR for
         (d) Term Loans                              15.974.126                       -                    Term Loans (d)                   Masyarakat Berpenghasilan Rendah (“MBR”),                       Low-Income       Communities    ("MBR"),  which
         (e) Bilateral Loans                          8.047.500                       -                 Bilateral Loans (e)                 yang telah diperbaharui dengan perjanjian                       has been updated with the latest agreement,
         (f) Repo to maturity                           559.816               1.017.003                Repo to maturity (f)                 yang terbaru     yaitu  Perjanjian  Kerjasama                   namely        the     Cooperation     Agreement
         (h) Lain-lain                                2.287.418                 796.980                          Others (h)                 antara    BPTapera dan PT Bank Mandiri                          between BPTapera and PT Bank Mandiri
                                                                                                                                            (Persero) Tbk No. 23/PKS/BP-TPR/I/12/2023 dan                   (Persero) Tbk No. No. 23/PKS/BP-TPR/I/12/2023
                                                                                                                                            DIR.PKS/38/2023 tentang Penyaluran Dana                         and DIR.PKS/38/2023 concerning Distribution of
     Total (Catatan 62.B.(iv))                       97.213.556              56.499.149                   Total (Note 62.B.(iv))            FLPP melalui Kredit/Pembiayaan Pemilikan                        FLPP Funds through Credit/Financing for
                                                                                                                                            Rumah      Sejahtera/Rumah    Sejahtera    Bagi                 Prosperous Home Ownership/Prosperous Homes
                                                    147.915.981              95.445.459                                                     Masyarakat Berpenghasilan Rendah tanggal                        for Low-Income Communities dated 28 December
                                                                                                                                            28 Desember 2023.                                               2023.

     (a) Kementerian Pekerjaan Umum dan Perumahan                    (a) Ministry of   Public         Work     and     Housing              Baki debet pada tanggal 31 Desember 2024 dan                    Outstanding balance as of 31 December 2024 and
                                                                                                                                            2023      adalah      masing-masing      sebesar                2023 were Rp1,877,633 and Rp1,447,824,
         Rakyat (Kemenpupera)                                            (Kemenpupera)                                                      Rp1.877.633 dan Rp1.447.824. Fasilitas ini                      respectively. These facilities are subject to a
                                                                                                                                            dikenakan tarif tertentu dari Pemerintah. Jangka                certain rate from the Government. The period of
         Akun ini merupakan dukungan pemerintah                            This account represents Government support to                    waktu kredit dan jadwal pelunasannya maksimal                   loan and repayment schedule are maximum of 240
         kepada masyarakat berpenghasilan rendah untuk                     low-income communities for housing financing                     240 bulan (20 tahun). Pengembalian dana                         months (20 years). Repayment (principal and
         pembiayaan perumahan dalam program Fasilitas                      Liquidity Facility of Housing Financing (Fasilitas               (angsuran pokok dan bunga) kepada BPTapera                      interest instalment) to BPTapera are carried out no
         Likuiditas Pembiayaan Perumahan (“FLPP”)                          Likuiditas Pembiayaan Perumahan) (“FLPP”)                        dilaksanakan       paling      lambat     tanggal               later than 10th of each month.
         dengan sharing pembiayaan sesuai kesepakatan,                     program, with financing sharing according to the                 10 setiap bulannya.
         saat ini sharing pembiayaan yang berlaku adalah                   agreement currently the applicable financing                (b) Direct off-shore loans                                       (b) Direct off-shore loans
         75,00% dana Pemerintah dan 25,00% dana                            sharing of 75.00% funds from Government’s fund
         Bank. PT Bank Mandiri (Persero) Tbk ikut serta                    and     25.00%     funds     from   Bank’s    fund.              Rincian pinjaman direct off-shore loans adalah                  The details of direct off-shore loans are as follows:
         sebagai Bank Pelaksana Penyaluran FLPP sejak                      PT Bank Mandiri (Persero) Tbk has been                           sebagai berikut:
         tahun 2012, tertuang dalam Kesepakatan                            participating as the implementing Bank for FLPP                                                              2024                   2023
         Bersama antara Kementerian Pekerjaan Umum                         distribution since 2012, as stipulated in the joint
         dan Perumahan Rakyat No. 13/SKB/DP/2011                           aggrement between Ministry of Public Work and                    Mata uang asing                                                                                 Foreign currencies
         dengan       PT Bank Mandiri (Persero) Tbk                        Housing No. 13/SKB/DP/2011 with PT Bank                           Pihak ketiga                                                                                        Third parties
                                                                                                                                                MUFG Bank                                 7.176.281            8.421.577                      MUFG Bank
         No. DIR.MOU/015/2011 tentang Penyaluran                           Mandiri (Persero) Tbk No. DIR.MOU/015/2011                           Oversea-Chinese Banking                   4.020.329            2.309.550        Oversea-Chinese Banking
         Dana FLPP dalam rangka                pengadaan                   regarding the distribution of FLPP fund for housing                    Corporation                                                                                Corporation
         perumahan melalui Kredit/Pembiayaan Pemilikan                     acquisition through Home Ownership Financing,                        United Overseas Bank                      3.662.549            5.045.612            United Overseas Bank
         Rumah       Sejahtera,   diperbaharui    dengan                   which renewed by Joint Agreement between the                         Bank of Communications                    1.609.500                    -          Bank of Communications
         Kesepakatan Bersama antara Kementerian                            Ministry    of    Public    Work    and    Housing                   China Construction Bank                                                           China Construction Bank
         Perumahan Rakyat No. 07/SKB/M/2012 dengan                         No. 07/SKB/M/2012 with PT Bank Mandiri                                 Corporation                             1.609.500                      -                   Corporation
         PT       Bank      Mandiri     (Persero)    Tbk                   (Persero) Tbk No. DIR.MOU/003/2012 dated                             ICBC Bank                                 1.609.500                      -                      ICBC Bank
         No. DIR.MOU/003/2012 tanggal 15 Februari                          15 February 2012 regarding Amendments of Joint                       CTBC Bank                                 1.609.500                      -                     CTBC Bank
                                                                                                                                                Taipei Fubon Bank                         1.606.078                      -              Taipei Fubon Bank
         2012 tentang Perubahan Kesepakatan Bersama,                       Agreement, then the joint agreement Amendment                        HSBC Bank                                 1.606.078                      -                     HSBC Bank
         diperbaharui kembali Kesepakatan Bersama                          amended between Ministry of Public Work and                          Development Bank Singapura                1.606.078                      -    Development Bank Singapore
         antara Kementerian Pekerjaan Umum dan                             Housing No. 29/MoU/Dp/2020 with PT Bank                              China Development Bank,                                                          China Development Bank
         Perumahan Rakyat No. 29/MoU/Dp/2020 dengan                        Mandiri (Persero) Tbk. No. DIR.MOU/19/2020                             - Tranche A                             1.503.004            2.872.910                     Tranche A -
         PT       Bank      Mandiri     (Persero)    Tbk                   dated 17 December 2020 regarding Distribution of                       - Tranche B                               624.047            1.195.059                     Tranche B -
         No. DIR.MOU/19/2020 tanggal 17 Desember                           Subsidized Home Ownership Credit for Low-                            Taishin International Bank                  804.213              769.850         Taishin International Bank
         2020 tentang Penyaluran Kredit Pemilikan                          Income Communities ("MBR").                                          Bank of Taiwan                              724.275              692.865                    Bank of Taiwan
                                                                                                                                                Bank of China                               128.760              123.176                     Bank of China
         Rumah        Bersubsidi     Bagi     Masyarakat
         Berpenghasilan Rendah (“MBR”).                                                                                                                                                 29.899.692            21.430.599



PT BANK MANDIRI (PERSERO) TBK                        1538          259                                                                                                                          1539
                                                                                                                                                                                                   260                                     ANNUAL REPORT 2024
Page 492
        FINANCIAL STATEMENTS 2024


                                                   PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                PT BANK MANDIRI (PERSERO) Tbk.
                                              DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                 NOTES TO THE CONSOLIDATED                                       CATATAN ATAS LAPORAN KEUANGAN                                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                        FINANCIAL STATEMENTS                                     KONSOLIDASIAN                                                                                                      FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                        31 DECEMBER 2024 AND 2023                                    31 DESEMBER 2024 DAN 2023                                                                                      31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                               (Expressed in millions of Rupiah, unless otherwise stated)                             (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                             (Expressed in millions of Rupiah, unless otherwise stated)


36. PINJAMAN YANG DITERIMA (lanjutan)                                               36. FUND BORROWINGS (continued)                                                           36. PINJAMAN YANG DITERIMA (lanjutan)                                               36. FUND BORROWINGS (continued)
     (b) Direct off-shore loans (lanjutan)                                                 (b) Direct off-shore loans (continued)
                                                                                                                                                                                  (b) Direct off-shore loans (lanjutan)                                               (b) Direct off-shore loans (continued)
         MUFG Bank, Ltd., Singapura                                                               MUFG Bank, Ltd., Singapore
                                                                                      2024
                                                                                                                                                                                       United Overseas Bank Limited, Singapura                                                United Overseas Bank Limited, Singapore
                                                                                         Tingkat                        Nilai nominal/Nominal amount
                                                                                           suku
                                                                         Jangka           bunga                         Valuta asing                                                                                                                               2024
                                                   Tanggal jatuh          waktu         per tahun/                      (nilai penuh)/       Setara
                                 Pemberi             Tempo/              (bulan)/        Interest                          Foreign          Rupiah/
                                Pinjaman/            Maturity             Tenor            rate            Mata uang/     currency          Rupiah                                                                                                                   Tingkat                         Nilai nominal/Nominal amount
               Jenis             Lender                date             (months)        per annum          Currency     (full amount)      equivalent          Type                                                                                                    suku
                                                                                                                                                                                                                                                      Jangka          bunga                         Valuta asing
                                                                                                                                                                                                                                 Tanggal jatuh         waktu        per tahun/                      (nilai penuh)/       Setara
                                                                                     SOFR (3 bulan)
                                                                                                                                                                                                              Pemberi              Tempo/             (bulan)/       Interest                          Foreign          Rupiah/
                                                                                    + marjin tertentu/
                                                                                                                                                                                                             Pinjaman/             Maturity            Tenor           rate            Mata uang/     currency          Rupiah
         Direct off-shore       MUFG Bank Ltd.,             15 Juni/                SOFR (3 months)                                                        Direct off-shore
          loans              Singapura/Singapore          June 2026            36    + certain margin            USD       200.000.000        3.219.000             loans                    Jenis            Lender                 date            (months)       per annum          Currency     (full amount)      equivalent         Type
                                                                                     SOFR (3 bulan)
                                                                                    + marjin tertentu/                                                                                                                                                             SOFR (3 bulan)
         Direct off-shore       MUFG Bank Ltd.,             15 Juni/                SOFR (3 months)                                                        Direct off-shore                                   United Overseas                                     + marjin tertentu/
          loans              Singapura/Singapore          June 2026            36    + certain margin            USD       155.000.000        2.494.725            loans               Direct off-shore          Bank Limited,      24 Desember/                  SOFR (3 months)                                                      Direct off-shore
                                                                                     SOFR (3 bulan)                                                                                     loans             Singapura/Singapore      December 2026        36         + certain margin       USD           99.770.783         1.605.811           loans
                                                                                    + marjin tertentu/                                                                                                                                                             SOFR (3 bulan)
         Direct off-shore       MUFG Bank Ltd.,             15 Juni/                SOFR (3 months)                                                        Direct off-shore                                   United Overseas                                     + marjin tertentu/
         loans               Singapura/Singapore          June 2026            36    + certain margin            USD        92.000.000        1.480.740            loans               Direct off-shore          Bank Limited,         26 Agustus/                SOFR (3 months)                                                      Direct off-shore
                                                                                                                                                                                        loans             Singapura/Singapore         August 2027       36         + certain margin       USD           70.000.000         1.126.650           loans
                                                                                                                                                                                                                                                                   SOFR (3 bulan)
         Dikurangi:                                                                                                                                          Less:
                                                                                                                                                                                                              United Overseas                                     + marjin tertentu/
         Biaya teratribusi                                                                                                                                   Unamortised
                                                                                                                                                                                       Direct off-shore          Bank Limited,      24 Desember/                  SOFR (3 months)                                                      Direct off-shore
           yang belum                                                                                                                                         attributable
                                                                                diamortisasi                                                                         costs              loans             Singapura/Singapore      December 2026        36         + certain margin       USD           29.787.410           479.428           loans
                                                                                                                             (1.129.851)        (18.184)                                                                                                           SOFR (3 bulan)
                                                                                                                                                                                                              United Overseas                                     + marjin tertentu/                                                   Direct off-shore
                                                                                                                                                                                       Direct off-shore          Bank Limited,      24 Desember/                  SOFR (3 months)                                                               loans
                                                                                                                            445.870.149       7.176.281                                 loans             Singapura/Singapore      December 2026        36         + certain margin       USD           28.000.000           450.660

                                                                                                                                                                                                                                                                                                       227.558.193         3.662.549
                                                                                      2023

                                                                                         Tingkat                        Nilai nominal/Nominal amount
                                                                                                                                                                                                                                                                   2023
                                                                                           suku
                                                                         Jangka           bunga                         Valuta asing
                                                   Tanggal jatuh          waktu         per tahun/                      (nilai penuh)/       Setara                                                                                                                  Tingkat                         Nilai nominal/Nominal amount
                                 Pemberi             Tempo/              (bulan)/        Interest                          Foreign          Rupiah/                                                                                                                    suku
                                Pinjaman/            Maturity             Tenor            rate            Mata uang/     currency          Rupiah                                                                                                    Jangka          bunga                         Valuta asing
               Jenis             Lender                date             (months)        per annum          Currency     (full amount)      equivalent          Type
                                                                                                                                                                                                                                 Tanggal jatuh         waktu        per tahun/                      (nilai penuh)/       Setara
                                                                                                                                                                                                              Pemberi              Tempo/             (bulan)/       Interest                          Foreign          Rupiah/
                                                                                       SOFR (3 bulan)                                                                                                        Pinjaman/             Maturity            Tenor           rate            Mata uang/     currency          Rupiah
                                                                                      + marjin tertentu/                                                                                     Jenis            Lender                 date            (months)       per annum          Currency     (full amount)      equivalent         Type
         Direct off-shore       MUFG Bank Ltd.,             15 Juni/                 SOFR (3 months)                                                       Direct off-shore
          loans              Singapura/Singapore          June 2026            36      + certain margin          USD       200.000.000        3.079.400             loans
                                                                                       SOFR (3 bulan)
                                                                                                                                                                                                                                                                   SOFR (3 bulan)
                                                                                      + marjin tertentu/
         Direct off-shore       MUFG Bank Ltd.,             15 Juni/                 SOFR (3 months)                                                       Direct off-shore                                   United Overseas                                     + marjin tertentu/
          loans              Singapura/Singapore          June 2026            36      + certain margin          USD       155.000.000        2.386.535            loans               Direct off-shore          Bank Limited,                                    SOFR (3 months)                                                      Direct off-shore
                                                                                       SOFR (3 bulan)                                                                                   loans             Singapura/Singapore     15 Mei/May 2024            11    + certain margin          USD       100.000.000         1.539.700           loans
                                                                                      + marjin tertentu/                                                                                                                                                           SOFR (3 bulan)
         Direct off-shore       MUFG Bank Ltd.,       17 Desember/                   SOFR (3 months)                                                       Direct off-shore                                   United Overseas                                     + marjin tertentu/
          loans              Singapura/Singapore     December 2024             36      + certain margin          USD       100.000.000        1.539.700            loans
                                                                                       SOFR (3 bulan)                                                                                  Direct off-shore          Bank Limited,            14 Juni/                SOFR (3 months)                                                      Direct off-shore
                                                                                      + marjin tertentu/                                                                                loans             Singapura/Singapore           June 2024            11    + certain margin          USD       100.000.000         1.539.700          loans
         Direct off-shore       MUFG Bank Ltd.,             15 Juni/                 SOFR (3 months)                                                       Direct off-shore                                                                                        SOFR (3 bulan)
          loans              Singapura/Singapore          June 2026            36
                                                                                loans + certain margin           USD        92.000.000        1.416.524            loans                                      United Overseas                                     + marjin tertentu/
                                                                                                                                                                                       Direct off-shore          Bank Limited,      24 Desember/                  SOFR (3 months)                                                      Direct off-shore
         Dikurangi:                                                                                                                                                  Less:              loans             Singapura/Singapore      December 2026             36    + certain margin          USD         99.700.993        1.535.096          loans
         Biaya teratribusi                                                                                                                                   Unamortised
           yang belum                                                                                                                                        attributable                                                                                          SOFR (3 bulan)
           diamortisasi                                                                                                        (37.819)            (582)            costs                                     United Overseas                                     + marjin tertentu/
                                                                                                                                                                                       Direct off-shore          Bank Limited,      24 Desember/                  SOFR (3 months)                                                      Direct off-shore
                                                                                                                                                                                        loans             Singapura/Singapore      December 2026             36    + certain margin          USD         28.000.000          431.116          loans
                                                                                                                           546.962.181        8.421.577

                                                                                                                                                                                                                                                                                                       327.700.993         5.045.612

         Bank Mandiri memperoleh beberapa fasilitas                                                Bank Mandiri obtained several unsecured loan
         pinjaman tanpa agunan dari MUFG Bank, Ltd.,                                               facilities from MUFG Bank, Ltd., Singapore with
         Singapura dengan nominal yang beragam                                                     various nominal amounts and SOFR interest                                           Bank Mandiri memperoleh fasilitas pinjaman                                             Bank Mandiri obtained loan facility without
         dengan tingkat bunga SOFR 3 (tiga) bulan                                                  rates of 3 (three) months plus a certain margin.                                    tanpa agunan dari United Overseas Bank                                                 collateral from United Overseas Bank Limited,
         ditambah marjin tertentu. Fasilitas pinjaman                                              The loan facility consists of loans with a tenor of                                 Limited, Singapura dengan nominal beragam dan                                          Singapore with various nominal amounts with the
         tersebut terdiri atas pinjaman dengan tenor                                               less than 1 (one) year which will mature on                                         tingkat bunga SOFR 3 (tiga) bulan ditambah                                             interest rate of SOFR 3 (three) months plus a
         kurang dari 1 (satu) tahun yang akan jatuh tempo                                          17 December 2024 and several loans with a
                                                                                                                                                                                       marjin tertentu. Fasilitas pinjaman ini memiliki                                       certain margin. The loan facilities have a tenor less
         pada tanggal 17 Desember 2024 dan beberapa                                                maturity of more than 1 (one) year which will
         pinjaman memiliki jatuh tempo lebih dari 1 (satu)                                         mature on 15 June 2026.                                                             tenor kurang dari 1 (satu) tahun dan akan jatuh                                        than 1 (one) year and will mature on 24 December
         tahun yang akan jatuh tempo pada 15 Juni 2026.                                                                                                                                tempo pada tanggal 24 Desember 2024 sampai                                             2024 to 26 August 2027.
                                                                                                                                                                                       26 Agustus 2027.




PT BANK MANDIRI (PERSERO) TBK                                          1540             261                                                                                                                                                                  1541
                                                                                                                                                                                                                                                                262                                                     ANNUAL REPORT 2024
Page 493
        FINANCIAL STATEMENTS 2024


                                                   PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                    PT BANK MANDIRI (PERSERO) Tbk.
                                              DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                          DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                 NOTES TO THE CONSOLIDATED                                        CATATAN ATAS LAPORAN KEUANGAN                                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                        FINANCIAL STATEMENTS                                      KONSOLIDASIAN                                                                                                         FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                        31 DECEMBER 2024 AND 2023                                     31 DESEMBER 2024 DAN 2023                                                                                         31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                               (Expressed in millions of Rupiah, unless otherwise stated)                              (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                (Expressed in millions of Rupiah, unless otherwise stated)


36. PINJAMAN YANG DITERIMA (lanjutan)                                                36. FUND BORROWINGS (continued)                                                           36. PINJAMAN YANG DITERIMA (lanjutan)                                                  36. FUND BORROWINGS (continued)

     (b) Direct off-shore loans (lanjutan)                                                 (b) Direct off-shore loans (continued)                                                  (b) Direct off-shore loans (lanjutan)                                                  (b) Direct off-shore loans (continued)

         Oversea-Chinese                Banking         Corporation,                              Oversea-Chinese Banking Corporation,                                                  Bank       Of          Communications,                Singapura                           Bank Of Communications, Singapore (continued)
         Singapura                                                                                Singapore                                                                             (lanjutan)
                                                                                      2024
                                                                                                                                                                                        Bank Mandiri memperoleh fasilitas pinjaman                                                Bank Mandiri obtained loan facility without
                                                                                         Tingkat                         Nilai nominal/Nominal amount                                   tanpa agunan dari Bank of Communications,                                                 collateral from United Overseas Bank Limited,
                                                                                           suku
                                                                         Jangka           bunga                         Valuta asing                                                    Singapura sebesar USD100.000.000 (nilai                                                   Singapore with various nominal amounts with the
                                                   Tanggal jatuh          waktu         per tahun/                      (nilai penuh)/       Setara
                                 Pemberi             Tempo/              (bulan)/        Interest                          Foreign          Rupiah/                                     penuh) dengan tingkat bunga SOFR 3 (tiga)                                                 interest rate of SOFR 3 (three) months plus a
                Jenis
                                Pinjaman/
                                 Lender
                                                     Maturity
                                                       date
                                                                          Tenor
                                                                        (months)
                                                                                           rate
                                                                                        per annum
                                                                                                           Mata uang/
                                                                                                           Currency
                                                                                                                          currency
                                                                                                                        (full amount)
                                                                                                                                            Rupiah
                                                                                                                                           equivalent          Type
                                                                                                                                                                                        bulan ditambah marjin tertentu. Fasilitas                                                 certain margin. The loan facilities have a tenor less
                                                                                                                                                                                        pinjaman ini akan jatuh tempo pada tanggal                                                than 1 (one) year and will mature on 24 December
                                Oversea Chinese
                                                                                       SOFR (3 bulan)
                                                                                      + marjin tertentu/
                                                                                                                                                                                        27 Agustus 2027.                                                                          2024 to 26 August 2027.
         Direct off-shore               Banking,      24 Desember/                    SOFR (3 months)                                                       Direct off-shore
           loans             Singapura/Singapore     December 2026              36     + certain margin          USD       150.000.000         2.414.250             loans
                                                                                      TSOFR (3 bulan)                                                                                   China   Construction                    Bank      Corporation,                            China   Construction                   Bank           Corporation,
         Direct off-shore
                                Oversea Chinese
                                        Banking,        26 Agustus/
                                                                                      + marjin tertentu/
                                                                                     TSOFR (3 months)                                                       Direct off-shore
                                                                                                                                                                                        Singapura                                                                                 Singapore
           loans             Singapura/Singapore       August 2027              45     + certain margin          USD         70.000.000        1.126.650             loans
                                                                                      TSOFR (3 bulan)                                                                                                                                                                  2024
                                Oversea Chinese                                       + marjin tertentu/
         Direct off-shore               Banking,        26 Agustus/                  TSOFR (3 months)                                                       Direct off-shore
           loans             Singapura/Singapore       August 2027              45     + certain margin          USD         30.000.000          482.850             loans                                                                                               Tingkat                         Nilai nominal/Nominal amount
                                                                                                                                                                                                                                                                           suku
         Dikurangi:                                                                                                                                           Less:                                                                                        Jangka         bunga                         Valuta asing
         Biaya teratribusi                                                                                                                                   Unamortised                                                             Tanggal jatuh          waktu       per tahun/                      (nilai penuh)/       Setara
           yang belum                                                                                                                                        attributable                                         Pemberi              Tempo/              (bulan)/      Interest                          Foreign          Rupiah/
           diamortisasi                                                                                                       (212.590)           (3.421)            costs                                       Pinjaman/             Maturity             Tenor          rate            Mata uang/     currency          Rupiah
                                                                                                                                                                                              Jenis               Lender                 date             (months)      per annum          Currency     (full amount)      equivalent         Type
                                                                                                                           249.787.410         4.020.329                                                                                                               SOFR (3 bulan)
                                                                                                                                                                                                           China Construction Bank                                    + marjin tertentu/                                                   Direct off-shore
                                                                                                                                                                                        Direct off-shore              Corporation,      30 Desember/                  SOFR (3 months)                                                               loans
                                                                                      2023                                                                                               loans                Singapura/Singapore      December 2027         36        + certain margin       USD          100.000.000         1.609.500

                                                                                         Tingkat                         Nilai nominal/Nominal amount
                                                                                           suku
                                                                                                                                                                                                                                                                                                           100.000.000         1.609.500
                                                                         Jangka           bunga                         Valuta asing
                                                   Tanggal jatuh          waktu         per tahun/                      (nilai penuh)/       Setara
                                 Pemberi             Tempo/              (bulan)/        Interest                          Foreign          Rupiah/
                                Pinjaman/            Maturity             Tenor            rate            Mata uang/     currency          Rupiah
                Jenis            Lender                date             (months)        per annum          Currency     (full amount)      equivalent          Type
                                                                                                                                                                                        Bank       Mandiri       memperoleh        fasilitas                                      Bank Mandiri obtained loan facility without
                                                                                       SOFR (3 bulan)
                                                                                                                                                                                        pinjaman tanpa agunan dari China Construction                                             collateral   from China   Construction   Bank
         Direct off-shore
                                Oversea Chinese
                                        Banking,      24 Desember/
                                                                                      + marjin tertentu/
                                                                                      SOFR (3 months)                                                       Direct off-shore
                                                                                                                                                                                        Bank      Corporation,     Singapura      sebesar                                         Corporation,       Singapore        amounting
           loans             Singapura/Singapore     December 2026              36     + certain margin          USD       150.000.000         2.309.550             loans              USD100,000,000 (nilai penuh) dengan tingkat                                               USD100,000,000 (full amount) with the interest
                                                                                                                           150.000.000         2.309.550
                                                                                                                                                                                        bunga SOFR 3 (tiga) bulan ditambah marjin                                                 rate of SOFR 3 (three) months plus a certain
                                                                                                                                                                                        tertentu. Fasilitas pinjaman ini akan jatuh tempo                                         margin. The loan facility will mature on
         Bank Mandiri memperoleh fasilitas pinjaman                                               Bank Mandiri obtained loan facility without                                           pada tanggal 30 Desember 2027.                                                            30 December 2027.
         tanpa agunan dari Oversea-Chinese Bank                                                   collateral    from    Oversea-Chinese      Bank
         Corporation, Singapura dengan nominal beragam                                            Corporation, Singapore with various nominal                                           ICBC Bank., Ltd, Singapura                                                                ICBC Bank., Ltd, Singapore
         dengan tingkat bunga SOFR 3 (tiga) bulan                                                 amounts with the interest rate of SOFR 3 (three)
                                                                                                                                                                                                                                                                       2024
         ditambah marjin tertentu. Fasilitas pinjaman ini                                         months plus certain margin. The loan facilities
         memiliki tenor lebih dari 1 (satu) tahun dan akan                                        have a tenor more than 1 (one year) and will                                                                                                                           Tingkat                         Nilai nominal/Nominal amount
         jatuh tempo pada tanggal 24 Desember 2026 dan                                            mature on 24 December 2026 and several loans                                                                                                             Jangka
                                                                                                                                                                                                                                                                           suku
                                                                                                                                                                                                                                                                          bunga                         Valuta asing
         beberapa pinjaman akan jatuh tempo pada                                                  will mature on 26 August 2027.                                                                                                     Tanggal jatuh          waktu       per tahun/                      (nilai penuh)/       Setara
         26 Agustus 2027.                                                                                                                                                                                         Pemberi
                                                                                                                                                                                                                 Pinjaman/
                                                                                                                                                                                                                                       Tempo/
                                                                                                                                                                                                                                       Maturity
                                                                                                                                                                                                                                                           (bulan)/
                                                                                                                                                                                                                                                            Tenor
                                                                                                                                                                                                                                                                         Interest
                                                                                                                                                                                                                                                                           rate            Mata uang/
                                                                                                                                                                                                                                                                                                           Foreign
                                                                                                                                                                                                                                                                                                          currency
                                                                                                                                                                                                                                                                                                                            Rupiah/
                                                                                                                                                                                                                                                                                                                            Rupiah
                                                                                                                                                                                              Jenis               Lender                 date             (months)      per annum          Currency     (full amount)      equivalent         Type
         Bank Of Communications, Singapura                                                        Bank Of Communications, Singapore                                                                                                                                    SOFR (3 bulan)
                                                                                                                                                                                                                                                                      + marjin tertentu/                                                   Direct off-shore
                                                                                      2024                                                                                              Direct off-shore         ICBC Bank., LTD.,             26 Juli/               SOFR (3 months)                                                               loans
                                                                                                                                                                                         loans                Singapura/Singapore            July 2027       45        + certain margin       USD          100.000.000         1.609.500
                                                                                         Tingkat                         Nilai nominal/Nominal amount
                                                                                           suku                                                                                                                                                                                                            100.000.000         1.609.500
                                                                         Jangka           bunga                         Valuta asing
                                                   Tanggal jatuh          waktu         per tahun/                      (nilai penuh)/       Setara
                                 Pemberi             Tempo/              (bulan)/        Interest                          Foreign          Rupiah/
                                Pinjaman/            Maturity             Tenor            rate            Mata uang/     currency          Rupiah
                Jenis            Lender                date             (months)        per annum          Currency     (full amount)      equivalent          Type                    Bank Mandiri memperoleh fasilitas pinjaman                                                 Bank Mandiri obtained loan facility without
                                                                                       SOFR (3 bulan)                                                                                  tanpa agunan dari ICBC Bank, Ltd, Singapura                                                collateral from ICBC Bank, Ltd, Singapore
                                         Bank Of                                      + marjin tertentu/                                                    Direct off-shore
         Direct off-shore       Communications,          27 Agustus/                  SOFR (3 months)                                                                loans             sebesar USD100,000,000 (nilai penuh) dengan                                                amounting USD100,000,000 (full amount) with the
          loans              Singapura/Singapore        August 2027        45          + certain margin       USD          100.000.000         1.609.500                               tingkat bunga SOFR 3 (tiga) bulan ditambah                                                 interest rate of SOFR 3 (three) months plus a
                                                                                                                           100.000.000         1.609.500                               marjin tertentu. Fasilitas pinjaman ini akan jatuh                                         certain margin. The loan facility will mature on 26
                                                                                                                                                                                       tempo pada tanggal 26 Juli 2027.                                                           July 2027.




PT BANK MANDIRI (PERSERO) TBK                                          1542            263                                                                                                                                                                        1543
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Page 494
        FINANCIAL STATEMENTS 2024


                                                    PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                PT BANK MANDIRI (PERSERO) Tbk.
                                               DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                   NOTES TO THE CONSOLIDATED                                        CATATAN ATAS LAPORAN KEUANGAN                                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                          FINANCIAL STATEMENTS                                      KONSOLIDASIAN                                                                                                   FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                          31 DECEMBER 2024 AND 2023                                     31 DESEMBER 2024 DAN 2023                                                                                   31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                 (Expressed in millions of Rupiah, unless otherwise stated)                              (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                          (Expressed in millions of Rupiah, unless otherwise stated)


36. PINJAMAN YANG DITERIMA (lanjutan)                                                  36. FUND BORROWINGS (continued)                                                           36. PINJAMAN YANG DITERIMA (lanjutan)                                            36. FUND BORROWINGS (continued)

     (b) Direct off-shore loans (lanjutan)                                                  (b) Direct off-shore loans (continued)                                                   (b) Direct off-shore loans (lanjutan)                                             (b) Direct off-shore loans (continued)


         CTBC Bank Co., Ltd, Singapura                                                              CTBC Bank Co., Ltd, Singapore                                                         HSBC Bank., Limited, Singapura                                                      HSBC Bank., Limited, Singapore

                                                                                        2024                                                                                                                                                                       2024

                                                                                                                                                                                                                                                                     Tingkat                         Nilai nominal/Nominal amount
                                                                                          Tingkat                          Nilai nominal/Nominal amount
                                                                                                                                                                                                                                                                       suku
                                                                                            suku
                                                                                                                                                                                                                                                       Jangka         bunga                         Valuta asing
                                                                           Jangka          bunga                          Valuta asing
                                                                                                                                                                                                                                  Tanggal jatuh         waktu       per tahun/                      (nilai penuh)/       Setara
                                                    Tanggal jatuh           waktu        per tahun/                       (nilai penuh)/       Setara
                                                                                                                                                                                                                Pemberi             Tempo/             (bulan)/      Interest                          Foreign          Rupiah/
                                  Pemberi             Tempo/               (bulan)/       Interest                           Foreign          Rupiah/
                                                                                                                                                                                                               Pinjaman/            Maturity            Tenor          rate            Mata uang/     currency          Rupiah
                                 Pinjaman/            Maturity              Tenor           rate             Mata uang/     currency          Rupiah
                                                                                                                                                                                                Jenis           Lender                date            (months)      per annum          Currency     (full amount)      equivalent         Type
                Jenis             Lender                date              (months)       per annum           Currency     (full amount)      equivalent          Type

                                                                                        SOFR (3 bulan)                                                                                                                                                             SOFR (3 bulan)
                                                                                                                                                                                                                          HSBC                                    + marjin tertentu/
                                                                                       + marjin tertentu/                                                     Direct off-shore
                                                                                                                                                                                         Direct off-shore         Bank Limited,        26 Agustus /               SOFR (3 months)                                                      Direct off-shore
         Direct off-shore    CTBC Bank Co., LTD.              30 Juli/                 SOFR (3 months)                                                                 loans
                                                                                                                                                                                          loans             Singapura/Singapore        August 2027           45    + certain margin          USD         70.000.000        1.126.650          loans
          loans               Singapura/Singapore           July 2027        45         + certain margin        USD          100.000.000         1.609.500
                                                                                                                                                                                                                                                                   SOFR (3 bulan)
                                                                                                                                                                                                                          HSBC                                    + marjin tertentu/
                                                                                                                             100.000.000         1.609.500
                                                                                                                                                                                         Direct off-shore         Bank Limited,        26 Agustus /               SOFR (3 months)                                                      Direct off-shore
                                                                                                                                                                                          loans             Singapura/Singapore        August 2027           45    + certain margin          USD         29.787.410          479.428          loans


         Bank Mandiri memperoleh fasilitas pinjaman                                                 Bank Mandiri obtained loan facility without                                                                                                                                                          99.787.410        1.606.078

         tanpa agunan dari CTBC Bank Co., Ltd,                                                      collateral from CTBC Bank Co., Ltd, Singapore
         Singapura sebesar USD100,000,000 (nilai                                                    amounting USD100,000,000 (full amount) with the
                                                                                                                                                                                          Bank Mandiri memperoleh fasilitas pinjaman                                          Bank Mandiri obtained loan facility without
         penuh) dengan tingkat bunga SOFR 3 (tiga)                                                  interest rate of SOFR 3 (three) months plus a
                                                                                                                                                                                          tanpa agunan dari HSBC Bank Limited,                                                collateral from DBS Bank Limited, Singapore with
         bulan ditambah marjin tertentu. Fasilitas                                                  certain margin. The loan facility will mature on 30
                                                                                                                                                                                          Singapura dengan nominal yang beragam                                               various nominal amounts and SOFR interest rates
         pinjaman ini akan jatuh tempo pada tanggal 30                                              July 2027.
                                                                                                                                                                                          dengan tingkat bunga SOFR 3 (tiga) bulan                                            of 3 (three) months plus a certain margin. The loan
         Juli 2027.
                                                                                                                                                                                          ditambah marjin tertentu. Fasilitas pinjaman ini                                    facility consists of several loans will mature
                                                                                                                                                                                          terdiri dari beberapa pinjaman yang akan jatuh                                      26 August 2027.
         Taipei Fubon Bank, Singapura                                                               Taipei Fubon Bank, Singapore
                                                                                                                                                                                          tempo pada tanggal 26 Agustus 2027.
                                                                                        2024
                                                                                                                                                                                          Development Bank Singapura, Limited.                                                Development Bank Singapore, Limited.
                                                                                          Tingkat                          Nilai nominal/Nominal amount
                                                                                            suku
                                                                           Jangka          bunga                          Valuta asing                                                                                                                             2024
                                                    Tanggal jatuh           waktu        per tahun/                       (nilai penuh)/       Setara
                                  Pemberi             Tempo/               (bulan)/       Interest                           Foreign          Rupiah/                                                                                                                Tingkat                         Nilai nominal/Nominal amount
                                 Pinjaman/            Maturity              Tenor           rate             Mata uang/     currency          Rupiah                                                                                                                   suku
                Jenis             Lender                date              (months)       per annum           Currency     (full amount)      equivalent          Type                                                                                  Jangka         bunga                         Valuta asing
                                                                                                                                                                                                                                  Tanggal jatuh         waktu       per tahun/                      (nilai penuh)/       Setara
                                                                                                                                                                                                                Pemberi             Tempo/             (bulan)/      Interest                          Foreign          Rupiah/
                                                                                         SOFR (3 bulan)
                                                                                                                                                                                                               Pinjaman/            Maturity            Tenor          rate            Mata uang/     currency          Rupiah
                                     Taipei Fubon                                       + marjin tertentu/
                                                                                                                                                                                                Jenis           Lender                date            (months)      per annum          Currency     (full amount)      equivalent         Type
          Direct off-shore          Bank Limited,        26 Agustus /                   SOFR (3 months)                                                       Direct off-shore
           loans              Singapura/Singapore        August 2027              45     + certain margin          USD         70.000.000         1.126.650          loans
                                                                                                                                                                                                                                                                   SOFR (3 bulan)
                                                                                         SOFR (3 bulan)
                                                                                                                                                                                                                           DBS                                    + marjin tertentu/
                                     Taipei Fubon                                       + marjin tertentu/
                                                                                                                                                                                         Direct off-shore         Bank Limited,        26 Agustus /               SOFR (3 months)                                                      Direct off-shore
          Direct off-shore          Bank Limited,        26 Agustus /                   SOFR (3 months)                                                       Direct off-shore
                                                                                                                                                                                          loans             Singapura/Singapore        August 2027           45    + certain margin          USD         70.000.000        1.126.650          loans
           loans              Singapura/Singapore        August 2027              45     + certain margin          USD         29.787.410          479.428           loans
                                                                                                                                                                                                                                                                   SOFR (3 bulan)
                                                                                                                                                                                                                           DBS                                    + marjin tertentu/
                                                                                                                               99.787.410         1.606.078                              Direct off-shore         Bank Limited,        26 Agustus /               SOFR (3 months)                                                      Direct off-shore
                                                                                                                                                                                          loans             Singapura/Singapore        August 2027           45    + certain margin          USD         29.787.410          479.428          loans

                                                                                                                                                                                                                                                                                                         99.787.410        1.606.078
         Bank Mandiri memperoleh fasilitas pinjaman                                                 Bank Mandiri obtained loan facility without
         tanpa agunan dari Taipei Fubon Bank Limited,                                               collateral from Taipei Fubon Bank Limited,
         Singapura dengan nominal yang beragam                                                      Singapore with various nominal amounts and
                                                                                                                                                                                          Bank Mandiri memperoleh fasilitas pinjaman                                          Bank Mandiri obtained loan facility without
         dengan tingkat bunga SOFR 3 (tiga) bulan                                                   SOFR interest rates of 3 (three) months plus a
                                                                                                                                                                                          tanpa agunan dari Develoment Bank Singapura,                                        collateral from Development Bank Singapore,
         ditambah marjin tertentu. Fasilitas pinjaman ini                                           certain margin. The loan facility consists of several
                                                                                                                                                                                          Limited, Singapura dengan nominal yang                                              Bank Limited, Singapore with various nominal
         terdiri dari beberapa pinjaman yang akan jatuh                                             loans will mature 26 August 2027.
                                                                                                                                                                                          beragam dengan tingkat bunga SOFR 3 (tiga)                                          amounts and SOFR interest rates of 3 (three)
         tempo pada tanggal 26 Agustus 2027.
                                                                                                                                                                                          bulan ditambah marjin tertentu. Fasilitas                                           months plus a certain margin. The loan facility
                                                                                                                                                                                          pinjaman ini terdiri dari beberapa pinjaman yang                                    consists    of   several loans   will mature
                                                                                                                                                                                          akan jatuh tempo pada tanggal 26 Agustus 2027.                                       26 August 2027.




PT BANK MANDIRI (PERSERO) TBK                                            1544            265                                                                                                                                                                  1545
                                                                                                                                                                                                                                                                 266                                                    ANNUAL REPORT 2024
Page 495
        FINANCIAL STATEMENTS 2024


                                                  PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                  PT BANK MANDIRI (PERSERO) Tbk.
                                             DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                        DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                              NOTES TO THE CONSOLIDATED                                      CATATAN ATAS LAPORAN KEUANGAN                                                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                     FINANCIAL STATEMENTS                                    KONSOLIDASIAN                                                                                                             FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                     31 DECEMBER 2024 AND 2023                                   31 DESEMBER 2024 DAN 2023                                                                                             31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                            (Expressed in millions of Rupiah, unless otherwise stated)                            (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                    (Expressed in millions of Rupiah, unless otherwise stated)

                                                                                                                                                                          36. PINJAMAN YANG DITERIMA (lanjutan)                                                    36. FUND BORROWINGS (continued)
 36. PINJAMAN YANG DITERIMA (lanjutan)                                             36. FUND BORROWINGS (continued)
                                                                                                                                                                              (b) Direct off-shore loans (lanjutan)                                                       (b) Direct off-shore loans (continued)
      (b) Direct off-shore loans (lanjutan)                                               (b) Direct off-shore loans (continued)
                                                                                                                                                                                   China Development Bank (lanjutan)                                                             China Development Bank (continued)
           China Development Bank                                                                 China Development Bank
                                                                                                                                                                                   Pada tanggal 16 Maret 2021, Tranche B telah                                                   On 16 March 2021, Tranche B was converted into
                                                                                   2024
                                                                                                                                                                                   dikonversi menjadi pinjaman dalam valuta USD                                                  a loan in USD with a total amount of
                                                                                      Tingkat                         Nilai nominal/Nominal amount                                 dengan nilai sebesar USD194.288.681 (nilai                                                    USD194,288,681 (full amount) with an interest rate
                                                                                        suku                         Valuta asing                                                  penuh) dengan tingkat bunga LIBOR 6 (enam)                                                    of 6 (six) months LIBOR plus certain margin.
                                                  Tanggal jatuh
                                                                        Jangka
                                                                         waktu
                                                                                       bunga
                                                                                     per tahun/                      (nilai penuh)/       Setara                                   bulan ditambah marjin tertentu. Tidak terdapat                                                There is no change in the maturity of the facility for
                                Pemberi
                               Pinjaman/
                                                    Tempo/
                                                    Maturity
                                                                        (bulan)/
                                                                         Tenor
                                                                                      Interest
                                                                                        rate            Mata uang/
                                                                                                                        Foreign
                                                                                                                       currency
                                                                                                                                         Rupiah/
                                                                                                                                         Rupiah
                                                                                                                                                                                   perubahan jatuh tempo fasilitas atas konversi ini.                                            this conversion.
                Jenis           Lender                date             (months)      per annum          Currency     (full amount)      equivalent        Type
                                                                                                                                                                                  Pada    bulan  Juni    2023, Bank  telah                                                       In June 2023, the Bank has signed an override
                                                                                    SOFR (6 bulan)                                                                                menandatangani override agreement terkait                                                      agreement regarding the change in the benchmark
                             China Development
                                                                                   + marjin tertentu/
                                                                                   SOFR (6 months)
                                                                                                                                                                                  perubahan suku bunga acuan dari LIBOR                                                          interest rate from LIBOR to SOFR Simple Daily.
         Tranche A             Bank, Cina/China   15 September 2025          120    + certain margin          USD         93.447.023        1.504.030       Tranche A             menjadi SOFR Simple Daily.
         Dikurangi:                                                                                                                                               Less:
         Biaya teratribusi                                                                                                                                Unamortised              Taishin International Bank                                                                    Taishin International Bank
           yang belum                                                                                                                                    attributable
           diamortisasi                                                                                                      (63.770)          (1.026)          costs                                                                                                2024

                                                                                                                          93.383.253        1.503.004                                                                                                                   Tingkat                         Nilai nominal/Nominal amount
                                                                                                                                                                                                                                                                          suku                         Valuta asing
                                                                                                                                                                                                                                                        Jangka           bunga
                                                                                    SOFR (6 bulan)                                                                                                                                 Tanggal jatuh         waktu         per tahun/                      (nilai penuh)/       Setara
                                                                                   + marjin tertentu/                                                                                                         Pemberi                Tempo/             (bulan)/        Interest                          Foreign          Rupiah/
                             China Development                                     SOFR (6 months)                                                                                                           Pinjaman/               Maturity            Tenor            rate            Mata uang/     currency          Rupiah
         Tranche B             Bank, Cina/China   15 September 2025          120    + certain margin          USD         38.773.807          624.064       Tranche B                     Jenis               Lender                   date            (months)        per annum          Currency     (full amount)      equivalent         Type
         Dikurangi:                                                                                                                                               Less:
         Biaya teratribusi                                                                                                                                Unamortised                                                                                                 SOFR (3 bulan)
           yang belum                                                                                                                                    attributable                                      Taishin International                                     + marjin tertentu/
           diamortisasi                                                                                                       (1.105)            (17)           costs             Direct off-shore                        Bank,       24 Desember/                   SOFR (3 months)                                                      Direct off-shore
                                                                                                                                                                                    loans                 Singapura/Singapore        December 2026            36      + certain margin          USD         50.000.000          804.750            loans
                                                                                                                          38.772.702          624.047                              Dikurangi:                                                                                                                                                       Less:
                                                                                                                                                                                   Biaya teratribusi                                                                                                                                       Unamortised
                                                                                                                                                                                     yang belum                                                                                                                                            attributable
                                                                                                                                                                                     diamortisasi                                                              diamortisasi                                    (33.339)           (537)           costs
                                                                                   2023
                                                                                                                                                                                                                                                                                                            49.966.661          804.213
                                                                                      Tingkat                         Nilai nominal/Nominal amount
                                                                                        suku                         Valuta asing
                                                                        Jangka         bunga
                                                  Tanggal jatuh          waktu       per tahun/                      (nilai penuh)/       Setara                                                                                                                     2023
                                Pemberi             Tempo/              (bulan)/      Interest                          Foreign          Rupiah/
                               Pinjaman/            Maturity             Tenor          rate            Mata uang/     currency          Rupiah                                                                                                                                                         Nilai nominal/Nominal amount
                Jenis           Lender                date             (months)      per annum          Currency     (full amount)      equivalent        Type                                                                                                          Tingkat
                                                                                                                                                                                                                                                                          suku                         Valuta asing
                                                                                                                                                                                                                                                        Jangka           bunga
                                                                                                                                                                                                                                   Tanggal jatuh         waktu         per tahun/                      (nilai penuh)/       Setara
                                                                                    SOFR (6 bulan)                                                                                                            Pemberi                Tempo/             (bulan)/        Interest                          Foreign          Rupiah/
                                                                                   + marjin tertentu/                                                                                                        Pinjaman/               Maturity            Tenor            rate            Mata uang/     currency          Rupiah
                             China Development                                     SOFR (6 months)                                                                                        Jenis               Lender                   date            (months)        per annum          Currency     (full amount)      equivalent         Type
         Tranche A             Bank, Cina/China   15 September 2025          120    + certain margin          USD       186.666.667         2.874.105       Tranche A
         Dikurangi:                                                                                                                                               Less:
         Biaya teratribusi                                                                                                                                Unamortised                                                                                                 SOFR (3 bulan)
           yang belum                                                                                                                                    attributable                                      Taishin International                                     + marjin tertentu/
           diamortisasi                                                                                                      (77.644)          (1.195)          costs              Direct off-shore                       Bank,       24 Desember/                   SOFR (3 months)                                                      Direct off-shore
                                                                                                                                                                                     loans                Singapura/Singapore        December 2026            36      + certain margin          USD         50.000.000          769.850            loans

                                                                                                                        186.589.023         2.872.910
                                                                                                                                                                                                                                                                                                            50.000.000          769.850

                                                                                    SOFR (6 bulan)
                             China Development
                                                                                   + marjin tertentu/
                                                                                   SOFR (6 months)
                                                                                                                                                                                   Bank Mandiri memperoleh fasilitas pinjaman                                                    Bank Mandiri obtained loan facility without
         Tranche B             Bank, Cina/China   15 September 2025          120    + certain margin          USD         77.621.119        1.195.133       Tranche B              tanpa agunan dari Taishin International Bank,                                                 collateral from Taishin International Bank,
         Dikurangi:
         Biaya teratribusi
                                                                                                                                                                  Less:
                                                                                                                                                          Unamortised
                                                                                                                                                                                   Singapura sebesar USD50.000.000 (nilai penuh)                                                 Singapore amounted to USD50,000,000 (full
           yang belum
           diamortisasi                                                                                                       (4.777)             (74)
                                                                                                                                                         attributable
                                                                                                                                                                costs
                                                                                                                                                                                   dengan tingkat bunga SOFR 3 (tiga) bulan                                                      amount), with the interest rate of SOFR 3 (three)
                                                                                                                                                                                   ditambah marjin tertentu. Fasilitas pinjaman ini                                              months plus certain muargin. The loan facilities
                                                                                                                          77.616.342        1.195.059                              memiliki tenor lebih dari 1 (satu) tahun dan akan                                             have a tenor more than 1 (one year) and will
                                                                                                                                                                                   jatuh tempo pada tanggal 24 Desember 2026.                                                    mature on 24 December 2026.
         Pada tanggal 16 September 2015, Bank Mandiri                                          On 16 September 2015, Bank Mandiri signed a                                         Bank of Taiwan                                                                                Bank of Taiwan
         menandatangani perjanjian fasilitas pinjaman                                          long-term loan facility without collateral agreement
         jangka panjang tanpa agunan dengan China                                              with China Development Bank (CDB).                                                                                                                                    2024

         Development Bank (CDB).                                                                                                                                                                                                                                        Tingkat                         Nilai nominal/Nominal amount
                                                                                                                                                                                                                                                                          suku
         Pinjaman tersebut terbagi dalam 2 (dua) fasilitas,                                    The loan consists of 2 (two) facilities, which                                                                                                           Jangka           bunga                         Valuta asing
         yaitu Tranche A berupa pinjaman langsung dari                                         Tranche A Facility is a direct loan from CDB                                                                   Pemberi
                                                                                                                                                                                                                                   Tanggal jatuh
                                                                                                                                                                                                                                     Tempo/
                                                                                                                                                                                                                                                         waktu
                                                                                                                                                                                                                                                        (bulan)/
                                                                                                                                                                                                                                                                       per tahun/
                                                                                                                                                                                                                                                                        Interest
                                                                                                                                                                                                                                                                                                       (nilai penuh)/
                                                                                                                                                                                                                                                                                                          Foreign
                                                                                                                                                                                                                                                                                                                            Setara
                                                                                                                                                                                                                                                                                                                           Rupiah/
         CDB dalam valuta USD dengan total fasilitas                                           denominated in USD with a total facility of                                                                   Pinjaman/               Maturity            Tenor            rate            Mata uang/     currency          Rupiah
         sebesar USD700.000.000 (nilai penuh) yang                                             USD700,000,000 (full amount) which will mature in                                          Jenis               Lender                   date            (months)        per annum          Currency     (full amount)      equivalent         Type
         jatuh tempo 10 (sepuluh) tahun setelah tanggal                                        10 (ten) years since the agreement date with an
         perjanjian dengan tingkat bunga LIBOR 6 (enam)                                        interest rate of LIBOR 6 (six) months plus a certain                                                                                                                   SOFR (3 bulan)
                                                                                                                                                                                                                                                                     + marjin tertentu/
         bulan ditambah marjin tertentu dan Tranche B                                          margin and Tranche B is a direct loans                                              Direct off-shore    Bank of Taiwan Offshore                                       SOFR (3 months)                                                      Direct off-shore
         berupa pinjaman langsung dalam valuta CNY                                             denominated in CNY with a total facility of                                           loans                     Banking Taiwan      15 Juni/June 2026          36      + certain margin          USD         35.000.000          563.325            loans
         dengan total fasilitas sebesar CNY1.908.420.000                                       CNY1,908,420,000 (full amount) maturing in 10                                                                                                                          SOFR (3 bulan)
         (nilai penuh) yang jatuh tempo 10 (sepuluh)                                           (ten) years since the agreement date with SHIBOR                                                                                                                      + marjin tertentu/
         tahun setelah tanggal perjanjian dengan tingkat                                       interest rate of 6 (six) months plus certain margin.                                Direct off-shore
                                                                                                                                                                                     loans
                                                                                                                                                                                                              Bank of Taiwan,
                                                                                                                                                                                                          Singapura/Singapore      15 Juni/June 2026          36
                                                                                                                                                                                                                                                                     SOFR (3 months)
                                                                                                                                                                                                                                                                      + certain margin          USD         10.000.000          160.950
                                                                                                                                                                                                                                                                                                                                          Direct off-shore
                                                                                                                                                                                                                                                                                                                                                   loans
         bunga SHIBOR 6 (enam) bulan ditambah marjin
         tertentu.                                                                                                                                                                                                                                                                                          45.000.000          724.275




PT BANK MANDIRI (PERSERO) TBK                                         1546          267                                                                                                                                                                        1547
                                                                                                                                                                                                                                                                  268                                                      ANNUAL REPORT 2024
Page 496
        FINANCIAL STATEMENTS 2024


                                                     PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                     PT BANK MANDIRI (PERSERO) Tbk.
                                                DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                           DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                  NOTES TO THE CONSOLIDATED                                       CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                         FINANCIAL STATEMENTS                                     KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                         31 DECEMBER 2024 AND 2023                                    31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                (Expressed in millions of Rupiah, unless otherwise stated)                             (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                                                  36. FUND BORROWINGS (continued)
                                                                                                                                                                               36. PINJAMAN YANG DITERIMA (lanjutan)                            36. FUND BORROWINGS (continued)
     (b) Direct off-shore loans (lanjutan)                                                 (b) Direct off-shore loans (continued)
                                                                                                                                                                                   (b) Direct off-shore loans (lanjutan)                              (b) Direct off-shore loans (continued)
         Bank of Taiwan (lanjutan)                                                                 Bank of Taiwan (continued)
                                                                                                                                                                                        Bank of China, Singapura (lanjutan)                               Bank of China, Singapore (continued)
                                                                                        2023

                                                                                          Tingkat                         Nilai nominal/Nominal amount                                 Efektif per tanggal 15 September 2023, Bank                        Effective as of 15 September 2023, Bank Mandiri
                                                                                            suku
                                                                            Jangka         bunga                         Valuta asing                                                  Mandiri memiliki outstanding fasilitas pinjaman                    has an outstanding unsecured loan facility from
                                                      Tanggal jatuh          waktu       per tahun/                      (nilai penuh)/       Setara
                                   Pemberi              Tempo/              (bulan)/      Interest                          Foreign          Rupiah/                                   tanpa agunan dari Bank of China Ltd., Singapura                    Bank of China Ltd.,Singapore, amounted to
                                  Pinjaman/             Maturity             Tenor          rate            Mata uang/     currency          Rupiah
                Jenis              Lender                 date             (months)      per annum          Currency     (full amount)      equivalent         Type                    sebesar USD8.000.000 (nilai penuh) dengan                          USD8,000,000 (full amount) with a SOFR 3 (three)
                                                                                                                                                                                       tingkat bunga SOFR 3 (tiga) bulan ditambah marjin                  months interest rate plus a certain margin,
                                                                                        SOFR (3 bulan)
                                                                                       + marjin tertentu/
                                                                                                                                                                                       tertentu, yang berasal dari pengalihan sebagian                    originating from the transfer of a portion of the loan
         Direct off-shore
           loans
                            Bank of Taiwan Offshore
                                    Banking Taiwan    15 Juni/June 2026           36
                                                                                       SOFR (3 months)
                                                                                        + certain margin          USD         35.000.000          538.895
                                                                                                                                                            Direct off-shore
                                                                                                                                                                    loans
                                                                                                                                                                                       pinjaman MUFG Bank, Ltd., Singapura. Fasilitas                     from MUFG Bank, Ltd., Singapore. The loan
                                                                                                                                                                                       pinjaman ini memiliki tenor lebih dari 1 (satu) tahun              facilities have a tenor more than 1 (one) year and
                                                                                        SOFR (3 bulan)
                                                                                       + marjin tertentu/                                                                              dan akan jatuh tempo pada tanggal 15 Juni 2026.                    will mature on 15 June 2026.
         Direct off-shore          Bank of Taiwan,                                     SOFR (3 months)                                                      Direct off-shore
           loans               Singapura/Singapore    15 Juni/June 2026           36    + certain margin          USD         10.000.000          153.970           loans

                                                                                                                              45.000.000          692.865
                                                                                                                                                                                   (c) Fasilitas pendanaan      perdagangan     (banker’s             (c) Trade financing facilities (bankers’ acceptance)
                                                                                                                                                                                       acceptance)

         Efektif per tanggal 15 September 2023, Bank                                               Effective as of 15 September 2023, Bank Mandiri
         Mandiri memiliki outstanding fasilitas pinjaman                                           has an outstanding unsecured loan facility from                                      Fasilitas pendanaan perdagangan merupakan                         Trade financing facilities represent short-term
         tanpa agunan dari Bank of Taiwan Ltd., Offshore                                           Bank of Taiwan Ltd., Offshore Banking, amounted                                      pinjaman jangka pendek dengan jangka waktu                        borrowings with tenors ranging between 30 days to
         Banking sebesar USD35.000.000 (nilai penuh) dan                                           to USD35,000,000 (full amount), and from Bank of                                     mulai dari 30 hari sampai dengan 365 hari                         365 days with interest rate of LIBOR or SOFR plus
         Bank of Taiwan Ltd., Singapura USD10.000.000                                              Taiwan       Ltd.,   Singapore,      amounted        to                              dengan tingkat suku bunga sebesar LIBOR atau                      a certain margin. The balance as of
         (nilai penuh) dengan tingkat bunga SOFR 3 (tiga)                                          USD10,000,000 (full amount), with a SOFR 3                                           SOFR ditambah marjin tertentu. Rincian saldo                      31 December 2024 and 2023 are as follows:
         bulan ditambah marjin tertentu, yang berasal dari                                         (three) months interest rate plus a certain margin,                                  pada tanggal 31 Desember 2024 dan 2023
         pengalihan sebagian pinjaman MUFG Bank, Ltd.,                                             originating from the transfer of a portion of the loan                               adalah sebagai berikut:
         Singapura. Fasilitas pinjaman ini memiliki tenor                                          from MUFG Bank, Ltd., Singapore. The loan
         lebih dari 1 (satu) tahun dan akan jatuh tempo                                            facilities have a tenor more than 1 (one) year and                                                                                2024                    2023
         pada tanggal 15 Juni 2026.                                                                will mature on 15 June 2026.

         Bank of China, Singapura                                                                  Bank of China, Singapore                                                             United Overseas Bank Limited,                                                         United Overseas Bank Limited,
                                                                                                                                                                                          Singapura                                   7.802.646               4.110.999                         Singapore
                                                                                        2024
                                                                                                                                                                                        Emirates NBD Bank, Singapura                  7.081.800               3.079.400      Emirates NBD Bank, Singapore
                                                                                          Tingkat                         Nilai nominal/Nominal amount
                                                                                            suku                                                                                        CoBank US, Amerika Serikat                    4.828.500               4.557.512            CoBank US, United States
                                                      Tanggal jatuh
                                                                            Jangka
                                                                             waktu
                                                                                           bunga
                                                                                         per tahun/
                                                                                                                         Valuta asing
                                                                                                                         (nilai penuh)/       Setara
                                                                                                                                                                                        The Hongkong and Shanghai                                                              The Hongkong and Shanghai
                                   Pemberi              Tempo/              (bulan)/      Interest                          Foreign          Rupiah/                                      Banking Corporation,                                                                        Banking Corporation,
                                  Pinjaman/             Maturity             Tenor          rate            Mata uang/     currency          Rupiah
                Jenis              Lender                 date             (months)      per annum          Currency     (full amount)      equivalent         Type                       Singapura                                   4.735.310               1.176.485                         Singapore
                                                                                                                                                                                        Bank of Montreal, Kanada                      3.419.061               3.689.537            Bank of Montreal, Canada
                                                                                        SOFR (3 bulan)
                                                                                       + marjin tertentu/                                                                               The Bank of New York Mellon,                                                          The Bank of New York Mellon,
         Direct off-shore           Bank of China,                                     SOFR (3 months)                                                      Direct off-shore
           loans               Singapura/Singapore    15 Juni/June 2026           36    + certain margin          USD          8.000.000          128.760           loans                 Singapura                                   3.276.781               2.845.981                         Singapore
                                                                                                                                                                                        CTBC Bank Co. Ltd., Singapura                 2.864.910               1.458.712      CTBC Bank Co, Ltd., Singapore
                                                                                                                               8.000.000          128.760
                                                                                                                                                                                        MUFG Bank, Ltd., Singapura                    1.609.500               1.539.700         MUFG Bank, Ltd., Singapore
                                                                                                                                                                                        Bank of America, N.A, Singapura               1.593.405               1.296.889     Bank of America, N.A., Singapore
                                                                                        2023                                                                                            Bank of America, N.A, Hong Kong               1.086.817               1.054.695    Bank of America, N.A., Hong Kong
                                                                                          Tingkat                         Nilai nominal/Nominal amount                                  Cathay Bank, Singapura                          804.750                       -              Cathay Bank, Singapore
                                                                                            suku
                                                                            Jangka         bunga                         Valuta asing                                                   CIMB Bank, Hong Kong                            717.038                 461.910              CIMB Bank, Hong Kong
                                                      Tanggal jatuh          waktu       per tahun/                      (nilai penuh)/       Setara
                                   Pemberi              Tempo/              (bulan)/      Interest                          Foreign          Rupiah/                                    DBS Bank, Singapura                             315.462               3.387.340                DBS Bank, Singapore
                Jenis
                                  Pinjaman/
                                   Lender
                                                        Maturity
                                                          date
                                                                             Tenor
                                                                           (months)
                                                                                            rate
                                                                                         per annum
                                                                                                            Mata uang/
                                                                                                            Currency
                                                                                                                           currency
                                                                                                                         (full amount)
                                                                                                                                             Rupiah
                                                                                                                                            equivalent         Type
                                                                                                                                                                                        Sumitomo Mitsui Banking                                                                     Sumitomo Mitsui Banking
                                                                                                                                                                                          Corporation, Singapura                          309.024             1.224.831            Corporation, Singapore
                                                                                        SOFR (3 bulan)
                                                                                       + marjin tertentu/
                                                                                                                                                                                        Wells Fargo Bank, Singapura                             -             3.370.576        Wells Fargo Bank, Singapore
         Direct off-shore           Bank of China,                                     SOFR (3 months)                                                      Direct off-shore
           loans               Singapura/Singapore    15 Juni/June 2026           36    + certain margin          USD          8.000.000          123.176            loans
                                                                                                                                                                                        Total                                        40.445.004              33.254.567                                   Total
                                                                                                                               8.000.000          123.176




PT BANK MANDIRI (PERSERO) TBK                                             1548          269                                                                                                                                                    1549
                                                                                                                                                                                                                                                  270                                    ANNUAL REPORT 2024
Page 497
        FINANCIAL STATEMENTS 2024


                                                 PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                          PT BANK MANDIRI (PERSERO) Tbk.
                                            DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                                DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                       NOTES TO THE CONSOLIDATED                                                 CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                              FINANCIAL STATEMENTS                                               KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                              31 DECEMBER 2024 AND 2023                                              31 DESEMBER 2024 DAN 2023                                                                     31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                     (Expressed in millions of Rupiah, unless otherwise stated)                                       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)


36. PINJAMAN YANG DITERIMA (lanjutan)                                                    36. FUND BORROWINGS (continued)                                                                      36. PINJAMAN YANG DITERIMA (lanjutan)                             36. FUND BORROWINGS (continued)
                                                                                                                                                                                                  (e) Bilateral Loans (lanjutan)                                    (e) Bilateral Loans (continued)
      (d) Term Loans                                                                             (d) Term Loans
                                                                                                                                                                                                        Mata uang asing                                                   Foreign currency
           Mata uang asing                                                                              Foreign currency
                                                                                                                                                                                                        MUFG Bank, Ltd., Jakarta (lanjutan)                               MUFG Bank, Ltd., Jakarta (continued)
           Mandated Lead Arrangers & Bookrunners                                                        Mandated Lead Arrangers & Bookrunners                                                           Bank Mandiri memperoleh fasilitas pinjaman                        Bank Mandiri obtained unsecured loan facility from
                                                                                                                                                                                                        tanpa agunan dari MUFG Bank, Ltd., Jakarta                        MUFG Bank, Ltd., Jakarta amounted to
                                                                                             2024
                                                                                                                                                                                                        sebesar USD500.000.000 (nilai penuh) dengan                       USD500,000,000 (full amount) with fixed interest
                                                                                                                                                                                                        tingkat suku bunga tetap sebesar 4,42%.                           rate of 4.42%. The loan facility has a tenor less
                                                                                                                                                                                                        Fasilitas pinjaman ini memiliki tenor kurang dari 1               than 1 (one) year which will mature on
                                                                                          Tingkat                                 Nilai nominal/Nominal amount
                                                                                            suku
                                                                                                                                                                                                        (satu) tahun yang akan jatuh tempo pada tanggal                   12 September 2025.
                                                                       Jangka              bunga                                 Valuta asing                                                           12 September 2025.
                                                   Tanggal jatuh        waktu            per tahun/                              (nilai penuh)/          Setara
                                 Pemberi
                                Pinjaman/
                                                     Tempo/
                                                     Maturity
                                                                       (bulan)/
                                                                        Tenor
                                                                                          Interest
                                                                                            rate              Mata uang/
                                                                                                                                    Foreign
                                                                                                                                   currency
                                                                                                                                                        Rupiah/
                                                                                                                                                        Rupiah
                                                                                                                                                                                                  (f)   Repo to maturity                                            (f)   Repo to maturity
                   Jenis         Lender                date           (months)           per annum             Currency          (full amount)         equivalent           Type
                                                                                                                                                                                                        Mata uang asing                                                   Foreign currency

                                                                                         SOFR (3 bulan)                                                                                                 Pada tanggal 30 Mei 2018, Bank Mandiri                            On 30 May 2018, Bank Mandiri conducted a loan
                                Mandated Lead                                           + marjin tertentu/                                                                                              melakukan        transaksi      pinjaman    sebesar               transaction amounted to USD37,000,000 (full
           Term Loans
                                  Arrangers &
                                  Bookrunners
                                                    27 Desember/
                                                   December 2027              36
                                                                                        SOFR (3 months)
                                                                                         + certain margin           USD            1.000.000.000          16.095.000       Term loans
                                                                                                                                                                                                        USD37.000.000 (nilai penuh), USD40.940.000                        amount), USD40,940,000 (full amount) and
                                                                                                                                                                                                        (nilai penuh) dan USD50.000.000 (nilai penuh)                     USD50,000,000 (full amount) through repo to
           Dikurangi:                                                                                                                                                                Less:              melalui skema repo to maturity dengan Nomura                      maturity scheme with Nomura Singapore Limited
           Biaya teratribusi                                                                                                                                                Unamortised                 Singapore Limited (NSL). Dalam transaksi repo                     (NSL). In this repo to maturity transactions, Bank
              yang belum
              diamortisasi                                                                                                                (7.510)           (120.874)
                                                                                                                                                                          attributable
                                                                                                                                                                                 costs
                                                                                                                                                                                                        to maturity ini, Bank Mandiri mengalihkan obligasi                Mandiri transferred government bonds ROI 23NN,
                                                                                                                                                                                                        pemerintah ROI 23NN, ROI 24, dan ROI 25                           ROI 24, and ROI 25 to NSL. Upon the transfer of
                                                                                                                                                                                                        kepada      NSL.     Atas      pengalihan   obligasi              government bonds ROI 23NN, ROI 24, and ROI
                                                                                                                                     999.992.490          15.974.126                                    pemerintah       ROI    23NN,       ROI   24,   dan               25, Bank Mandiri recognised receivables at the
                                                                                                                                                                                                        ROI 25 tersebut, Bank Mandiri mengakui tagihan                    amount of cash value of ROI 23NN, ROI 24 and
                                                                                                                                                                                                        sebesar nilai tunai (cash value) dari ROI 23NN,                   ROI 25 to NSL. These borrowing facilities have 5
           Bank Mandiri memperoleh fasilitas pinjaman                                                        Bank Mandiri obtained unsecured loan facility from                                         ROI 24, dan ROI 25 kepada NSL. Fasilitas                          (five), 6 (six), and 7 (seven) years tenor. The
           tanpa agunan dari Australia and New Zealand                                                       Australia and New Zealand Banking Group Limited                                            pinjaman ini memiliki tenor 5 (lima), 6 (enam),                   borrowings amounted to USD24,926,000 (full
                                                                                                                                                                                                        dan 7 (tujuh) tahun. Pinjaman sebesar                             amount) and USD31,270,000 (full amount) have
           Banking Group Limited Singapore Branch,                                                           Singapore Branch, PT Bank ANZ Indonesia, CIMB                                              USD24.926.000           (nilai       penuh)     dan               matured according to the maturity dates of ROI 23
           PT Bank ANZ Indonesia, CIMB Bank Berhad                                                           Bank Berhad Singapore Branch, DBS Bank Ltd.,                                               USD31.270.000 (nilai penuh) telah jatuh tempo                     NN and ROI 24, which are on 11 January 2023
           Singapore Branch, DBS Bank Ltd., The                                                              The Hongkong and Shanghai Banking Corporation                                              sesuai dengan tanggal jatuh tempo ROI 23 NN                       and 16 January 2024 respectively, while the
                                                                                                                                                                                                        dan ROI 24, yaitu 11 Januari 2023 dan                             borrowings amounted to USD34,782,000 (full
           Hongkong and Shanghai Banking Corporation                                                         Limited Singapore Branch, Oversea-Chinese                                                  16 Januari 2024, sedangkan pinjaman sebesar                       amount) will mature according to the maturity date
           Limited Singapore Branch, Oversea-Chinese                                                         Banking Corporation Limited, and United Overseas                                           USD34.782.000 (nilai penuh) akan jatuh tempo                      of ROI 25, which is on 15 January 2025. On the
           Banking Corporation Limited, dan United                                                           Bank Limited as Mandated Lead Arrangers &                                                  sesuai dengan tanggal jatuh tempo ROI 25, yaitu                   maturity date, settlement of this transaction will be
                                                                                                                                                                                                        pada tanggal 15 Januari 2025. Pada tanggal                        carried out on a net basis from borrowings and
           Overseas Bank Limited sebagai Mandated Lead                                                       Bookrunners amounted to USD1,000,000,000 (full                                             jatuh tempo, penyelesaian transaksi ini akan                      receivables between Bank Mandiri and NSL.
           Arrangers       &      Bookrunners         sebesar                                                amount) with a SOFR 3 (three) months interest                                              dilakukan secara neto dari pinjaman dan tagihan
           USD1.000.000.000 (nilai penuh) dengan tingkat                                                     rate plus a certain margin. The loan facility has a                                        antara Bank Mandiri dan NSL.
           suku bunga SOFR 3 bulan ditambah margin                                                           tenor more than 1 (one) year which will mature on
                                                                                                                                                                                                        Pada tanggal 31 Desember 2024 dan 2023,                           As of 31 December 2024 and 2023, Repo to
           tertentu per tahun. Fasilitas pinjaman ini memiliki                                               27 December 2027.                                                                          Repo to maturity mata uang asing masing-                          maturity of foreign currencies amounted to
           tenor lebih dari 1 (satu) tahun dan akan jatuh                                                                                                                                               masing sebesar Rp559.816 dan Rp1.017.003.                         Rp559,816 and Rp1,017,003, respectively.
           tempo pada tanggal 27 Desember 2027.
                                                                                                                                                                                                        Fasilitas pinjaman dari NSL tersebut dijamin                      This loan facilities from NSL have guaranteed by
                                                                                                                                                                                                        dengan penempatan masing-masing sebesar                           placement       amounted     to    USD1,535,315
      (e) Bilateral Loans                                                                           (e) Bilateral Loans                                                                                 USD1.535.315       (nilai    penuh)       (2023:                  (full amount) (2023: USD4,335,315 (full amount))
                                                                                                                                                                                                        USD4.335.315 (nilai penuh)) (Catatan 6g).                         (Notes 6g).
           Mata uang asing                                                                                   Foreign currency
                                                                                                                                                                                                  (g) Bank Indonesia                                                (g) Bank Indonesia
           MUFG Bank, Ltd., Jakarta                                                                      MUFG Bank, Ltd., Jakarta                                                                       Pada tanggal 30 Desember 2024, Entitas Anak                       On 30 December 2024, the Subsidiary, namely
                                                                                                                                                                                                        yaitu PT Bank Syariah Indonesia Tbk. (“BSI”)                      PT Bank Syariah Indonesia Tbk. (“BSI”) obtained a
                                                                                             2024                                                                                                       mendapatkan      fasilitas   penyediaan   dana                    funding facility based on sharia principles from
                                                                                                                                                                                                        berdasarkan prinsip syariah dari Bank Indonesia                   Bank Indonesia for liquidity management
                                                                                                Tingkat                               Nilai nominal/Nominal amount                                      untuk    pengelolaan       likuiditas   sebesar                   amounted to Rp11,131,252 with a profit-sharing
                                                                                                  suku
                                                                             Jangka              bunga                               Valuta asing
                                                                                                                                                                                                        Rp11.131.252 dengan persentase bagi hasil                         rate of 6.25% per annum. This facility is
                                                      Tanggal jatuh           waktu            per tahun/                            (nilai penuh)/         Setara                                      sebesar 6,25% per tahun. Fasilitas ini dijamin                    guaranteed by collateral in the form of sharia
                                 Pemberi                Tempo/               (bulan)/           Interest                                Foreign            Rupiah/                                      dengan agunan berupa surat berharga yang                          securities and will mature in less than one month
                                Pinjaman/               Maturity              Tenor               rate            Mata uang/           currency            Rupiah                                       memenuhi prinsip syariah yang jatuh tempo                         with nominal Rp18,417,864.
                  Jenis          Lender                   date              (months)           per annum          Currency           (full amount)        equivalent          Type
                                                                                                                                                                                                        kurang dari satu bulan dengan nominal sebesar
                                                                                                                                                                                                        Rp18.417.864.
                                MUFG Bank Ltd.,          12 September/
           Bilateral loans       Jakarta/Jakarta        September 2025             11                    4,42%             USD           500.000.000          8.047.500     Bilateral loans             Pada tanggal 31 Desember 2024 dan 2023,                           As of 31 December 2024 and 2023, outstanding
                                                                                                                                                                                                        pinjaman dari Bank Indonesia masing-masing                        fund borrowings from Bank Indonesia are
                                                                                                                                         500.000.000          8.047.500
                                                                                                                                                                                                        sebesar Rp18.417.864 dan Rp11.900.055.                            amounting to Rp18,417,864 and Rp11,900,055,
                                                                                                                                                                                                                                                                          respectively.




PT BANK MANDIRI (PERSERO) TBK                                          1550                  271                                                                                                                                                               1551
                                                                                                                                                                                                                                                                  272                                    ANNUAL REPORT 2024
Page 498
        FINANCIAL STATEMENTS 2024


                                         PT BANK MANDIRI (PERSERO) Tbk.                                                                                                       PT BANK MANDIRI (PERSERO) Tbk.
                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                             DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
                                                                                                                                      CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
                                                                                                                                      KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023
                                                                                                                                      31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)
                                                                                                                                      (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)        (Expressed in millions of Rupiah, unless otherwise stated)
36. PINJAMAN YANG DITERIMA (lanjutan)                           36. FUND BORROWINGS (continued)
     (h) Lain-lain                                                     (h) Others                                                     36. PINJAMAN YANG DITERIMA (lanjutan)                         36. FUND BORROWINGS (continued)

                                                     2024                     2023                                                        (h) Lain-lain (lanjutan)                                      (h) Others (continued)
         Rupiah                                                                                                          Rupiah
           Pihak berelasi                                                                                      Related parties                 Rupiah                                                       Rupiah
             PT Sarana Multigriya                                                                      PT Sarana Multigriya
               Finansial (Persero)                    3.322.595                 716.200                Finansial (Persero)
             PT Bank Negara Indonesia                                                             PT Bank Negara Indonesia                     PT Sarana Multigriya Finansial (Persero)                     PT Sarana Multigriya Finansial (Persero)
                 (Persero) Tbk.                            666.574              960.540                      (Persero) Tbk.
             PT Bank Tabungan Negara                                                              PT Bank Tabungan Negara                      Pada tanggal 27 Juli 2023, Entitas Anak                      On 27 July 2023, the Subsidiary (PT Mandiri
                 (Persero) Tbk.                            638.788              805.084                    (Persero) Tbk.                      (PT Mandiri Tunas Finance) dan PT Sarana                     Tunas Finance) and PT Sarana Multigriya
                                                       4.627.957               2.481.824                                                       Multigriya     Finansial   (Persero)      (“SMF”)            Finansial (Persero) (“SMF”) signed a loan
            Pihak ketiga                                                                                              Third parties            menandatangani perjanjian kredit dimana SMF                  agreement where SMF provided a Refinancing
              PT Bank Central Asia Tbk.                7.904.515               7.925.272           PT Bank Central Asia Tbk.                   menyediakan fasilitas Refinancing dengan total               facility with a total facility of Rp2,100,000 which is
              PT Bank Pan Indonesia Tbk.               4.586.349               3.993.077         PT Bank Pan Indonesia Tbk.
              PT Bank Maybank                                                                                PT Bank Maybank                   fasilitas sebesar Rp2.100.000 yang bersifat non-             non-revolving and subject to a rate of fixed interest
                Indonesia Tbk.                         2.292.588               1.464.831                      Indonesia Tbk.                   revolving dan dikenakan tingkat suku bunga tetap             rate of 6.00% - 7.60%. The facility has a maturity
              PT Bank Pembangunan                                                                    PT Bank Pembangunan                       sebesar antara 6,00% - 7,60%. Fasilitas tersebut             date of 28 July 2026.
                Daerah Jawa Barat                                                                       Daerah Jawa Barat                      memiliki jatuh tempo pada tanggal 28 Juli 2026.
                dan Banten Tbk.                        1.312.400               1.443.489                    dan Banten Tbk.
              PT Bank DKI                              1.285.258                 693.834                          PT Bank DKI
              PT Bank Jago Tbk.                        1.245.817                  49.875                    PT Bank Jago Tbk.                  Pada tanggal 17 Oktober 2023, Entitas Anak                   On 17 October 2023, the Subsidiary (PT Mandiri
              PT Bank Danamon                                                                               PT Bank Danamon                    (PT Mandiri Utama Finance) dan PT Sarana                     Utama Finance) and PT Sarana Multigriya
                Indonesia Tbk.                         1.008.923               1.573.619                      Indonesia Tbk.                   Multigriya     Finansial   (Persero)    (“SMF”)              Finansial (Persero) (“SMF”) signed a loan
              PT Bank China Construction                                                         PT Bank China Construction
                Indonesia Tbk.                             534.510               896.066                      Indonesia Tbk.                   menandatangani perjanjian kredit dimana SMF                  agreement where SMF provided a Refinancing
              PT Bank CIMB Niaga Tbk.                      468.128               607.627           PT Bank CIMB Niaga Tbk.                     menyediakan fasilitas Refinancing dengan total               facility with a total facility of Rp200,000 which is
              PT Bank QNB Indonesia Tbk.                   422.143               366.008        PT Bank QNB Indonesia Tbk.                     fasilitas sebesar Rp200.000 yang bersifat non-               non-revolving and subject to a rate of fixed interest
              PT Bank Panin Dubai Syariah                  366.364               373.487        PT Bank Panin Dubai Syariah                    revolving dan dikenakan tingkat suku bunga tetap             rate of 6.95%. On 15 February 2024, the
              PT Bank Jtrust Indonesia Tbk.                345.316               501.487       PT Bank Jtrust Indonesia Tbk.
              PT Bank HSBC Indonesia                       300.000                     -                  PT HSBC Indonesia                    sebesar antara 6,95%. Pada tanggal 15 Februari               Subsidiary re-signed a non-revolving refinancing
              PT Bank of India Indonesia Tbk.              277.399               443.487      PT Bank of India Indonesia Tbk.                  2024 Entitas Anak menandatangani kembali                     loan facility agreement with a maximum credit limit
              PT Bank Shinhan Indonesia                    274.366                     -         PT Bank Shinhan Indonesia.                    perjanjian fasilitas pinjaman refinancing non-               of IDR 750,000, subject to an interest rate of
              PT Bank BCA Syariah                          261.431               224.711                PT Bank BCA Syariah                    revolving dengan batas maksimum kredit sebesar               6.80% - 7.18%. The facility has a maturity date of
              PT Bank BPD Daerah                                                                        PT Bank BPD Daerah
                Istimewa Yogyakarta                        250.824               159.458              Istimewa Yogyakarta                      Rp750.000 yang dikenakan tingkat suku bunga                  13 August 2027.
              PT Bank Maspion Tbk                          232.897                     -                PT Bank Maspion Tbk                    6,80% - 7,18%. Fasilitas tersebut memiliki jatuh
              PT Bank KEB Hana Indonesia                   223.764               279.783       PT Bank KEB Hana Indonesia                      tempo pada tanggal 13 Agustus 2027.
              PT Bank Permata Tbk.                         218.139               568.383               PT Bank Permata Tbk.
              PT Bank UOB Indonesia                        204.114               337.082             PT Bank UOB Indonesia
              PT Bank SMBC Tbk.                            200.000               250.000                  PT Bank SMBC Tbk.                   Pada tanggal 4 Mei 2024, Bank menandatangani                  On 4 May 2024, Bank signed a credit agreement
              PT Bank Bumi Arta                            190.457                     -                    PT Bank Bumi Arta                 perjanjian kredit dimana PT Sarana Multigriya                 where PT SMF provided a Refinancing facility with
              PT Bank Muamalat                                                                             PT Bank Muamalat                   Finansial    (“SMF”)    menyediakan      fasilitas            a total facility of Rp1,000,000 which is non-
                Indonesia Tbk.                             176.791               117.834                      Indonesia Tbk.                  Refinancing dengan total fasilitas sebesar                    revolving and subject to a fixed interest rate of
              PT Bank Oke Indonesia Tbk.                   167.648               388.874         PT Bank Oke Indonesia Tbk.
              PT Bank Resona Perdania                      166.312                     -           PT Bank Resona Perdania                    Rp1.000.000 yang bersifat non-revolving dan                   6.90%. This facility has a term of 12 months and
              PT Bank Victoria                                                                                 PT Bank Victoria               dikenakan tingkat suku bunga tetap sebesar                    will be mature on 5 June 2025.
                International Tbk.                         150.000                  49.994                 International Tbk.                 6,90%. Fasilitas tersebut memiliki jangka waktu
              PT Bank CTBC Tbk.                            149.711                  65.580                 PT Bank CTBC Tbk
              PT Sea Bank Indonesia                        148.706                       -           PT Sea Bank Indonesia                    12 bulan dan jatuh tempo pada tanggal 5 Juni
              PT Bank Danamon -                                                                             PT Bank Danamon                   2025.
                Indonesia Tbk.                                                                              - Indonesia Tbk.
                Unit Usaha Syariah                      109.688                  101.351                Unit Usaha Syariah                     Pada tanggal 31 Desember 2024 dan 2023,                      As of 31 December 2024 and 2023, outstanding
              PT Bank DKI Syariah                        109.657                  24.937                 PT Bank DKI Syariah
              PT Standard Chartered                     100.000                        -         PT Bank Standard Chartered                    pinjaman dari SMF masing-masing sebesar                      fund borrowings from SMF are amounting to
              PT Bank Mega Tbk.                           54.149                 216.461                   PT Bank Mega Tbk.                   Rp3.322.595 dan Rp716.200.                                   Rp3,322,595 and Rp716,200, respectively.
              PT Maybank Syariah                          40.607                       -                 PT Maybank Syariah
                                                     25.778.971               23.116.607                                                       PT Bank Tabungan Negara (Persero) Tbk.                       PT Bank Tabungan Negara (Persero) Tbk.

         Total                                       30.406.928               25.598.431                                     Total             Pada tanggal 16 Juni 2021, Entitas Anak                      On 16 June 2021, the Subsidiary (PT Bank Mandiri
         Mata uang asing                                                                                      Foreign currencies               (PT Bank Mandiri Taspen) memperoleh fasilitas                Taspen) obtained a credit facility from PT Bank
          PT Bank Danamon                                                                                  PT Bank Danamon                     kredit dari dari PT Bank Tabungan Negara                     Tabungan Negara (Persero) Tbk. (“BTN”), in the
          Indonesia Tbk.                               1.168.866                          -                   Indonesia Tbk.                   (Persero) Tbk. (“BTN”), berupa fasilitas Term                form of a Term Loan (committed) - non-revolving
          PT Bank Permata                                                                                   PT Bank Permata                    Loan (committed) - non-revolving dengan jumlah               facility with a maximum amount of Rp500,000. This
             Indonesia Tbk.                                656.838                     -                     Indonesia Tbk.
          PT Bank Mizuho Indonesia                         336.458               577.302            PT Bank Mizuho Indonesia                   maksimum sebesar Rp500.000. Fasilitas tersebut               facility is used to finance the Subsidiary's working
          MUFG Bank, Ltd., Singapura                        76.770               219.678           MUFG Bank, Ltd., Singapore                  digunakan untuk membiayai modal kerja Entitas                capital. This facility has tenor of up to 12 months
          The Development Bank of                                                                    The Development Bank of                   Anak. Fasilitas ini memiliki jangka waktu selama             with interest fix rate of 8.03% per annum. On
             Singapore Limited                              48.486                        -               Singapore Limited
                                                                                                                                               12 bulan dengan suku bunga tetap 8,03% per                   19 May 2022, the term of this facility has been
         Total                                         2.287.418                 796.980                                     Total             tahun. Pada tanggal 19 Mei 2022, jangka waktu                extended to 29 June 2025.
                                                                                                                                               fasilitas ini telah diperpanjang kembali hingga
                                                     32.694.346               26.395.411
                                                                                                                                               29 Juni 2025.


PT BANK MANDIRI (PERSERO) TBK                        1552            273                                                                                                                           1553
                                                                                                                                                                                                      274                                  ANNUAL REPORT 2024
Page 499
        FINANCIAL STATEMENTS 2024


                                         PT BANK MANDIRI (PERSERO) Tbk.                                                                                               PT BANK MANDIRI (PERSERO) Tbk.
                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED              CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS            KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                31 DECEMBER 2024 AND 2023           31 DESEMBER 2024 DAN 2023                                                                  31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)       (Expressed in millions of Rupiah, unless otherwise stated)    (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)         (Expressed in millions of Rupiah, unless otherwise stated)


36. PINJAMAN YANG DITERIMA (lanjutan)                         36. FUND BORROWINGS (continued)                                36. PINJAMAN YANG DITERIMA (lanjutan)                          36. FUND BORROWINGS (continued)

     (h) Lain-lain (lanjutan)                                    (h) Others (continued)                                          (h) Lain-lain (lanjutan)                                       (h) Others (continued)

                                                                                                                                      Rupiah (lanjutan)                                             Rupiah (continued)
         Rupiah (lanjutan)                                           Rupiah (continued)
                                                                                                                                      PT Bank Negara Indonesia (Persero) Tbk.                       PT Bank Negara Indonesia (Persero) Tbk.
         PT Bank Tabungan Negara (Persero) Tbk.                      PT Bank Tabungan Negara (Persero) Tbk.                           (lanjutan)                                                    (continued)
         (lanjutan)                                                  (continued)
                                                                                                                                      Pada tanggal 31 Desember 2024 dan 2023,                       As of 31 December 2024 and 2023 outstanding
         Pada tanggal 12 Oktober 2022, Entitas Anak                  On 12 October 2022, the Subsidiary (PT Mandiri                   pinjaman dari BNI masing-masing sebesar                       fund borrowings from BNI are amounted to
         (PT Mandiri Tunas Finance) dan BTN                          Tunas Finance) and BTN signed a non-revolving                    Rp666.574 dan Rp960.540.                                      Rp666,574 and Rp960,540, respectively.
         menandatangani perjanjian kredit sebesar                    loan agreement amounting to Rp500,000. The
         Rp500.000     yang    bersifat    non-revolving.            facility was drawn on 19 October 2022, with tenor                PT Bank Central Asia Tbk.                                     PT Bank Central Asia Tbk.
         Penarikan fasilitas dilakukan pada tanggal                  of 3 (three) years and interest rate of 6.00 - 7.60%.
         19 Oktober 2022 dengan tenor 3 (tiga) tahun dan             The facility will mature on 19 October 2025.                    Pada bulan Januari 2020, Entitas Anak (PT Bank                 In January 2020, the Subsidiary (PT Bank Mandiri
         dikenakan tingkat suku bunga antara 6,00% -                                                                                 Mandiri Taspen) memperoleh fasilitas kredit dari               Taspen) obtained a loan facility from PT Bank
         7,60%. Fasilitas tersebut jatuh tempo pada                                                                                  PT Bank Central Asia Tbk (“BCA”), berupa                       Central Asia Tbk (“BCA”), in the form of Term Loan
         tanggal 19 Oktober 2025.                                                                                                    fasilitas Term Loan 1 (committed) - non-revolving              1 (committed) - non-revolving facility with a
                                                                                                                                     dengan jumlah maksimum sebesar Rp500.000.                      maximum amount of Rp500,000. This facility is
         Pada tanggal 31 Desember 2024 dan 2023, tidak               As of 31 December 2024 and 2023, there were no                  Fasilitas tersebut digunakan untuk membiayai                   used to finance the Subsidiary's working capital.
                                                                                                                                     modal kerja Entitas Anak. Fasilitas ini memiliki               This facility has a term of 12 months up to
         terdapat aset Entitas Anak yang dijaminkan atas             Subsidiary assets used as collateral for fund
                                                                                                                                     jangka waktu selama 12 bulan hingga                            20 January 2021 which bears interest at JIBOR 3
         pinjaman yang diterima.                                     borrowings.                                                     20 Januari 2021 dengan suku bunga JIBOR 3                      (three) months + 125bps. On 15 December 2021,
                                                                                                                                     (tiga)    bulan   +   125bps.    Pada     tanggal              the Term Loan 1 (committed) - non revolving has
         Pada tanggal 31 Desember 2024 dan 2023,                     As of 31 December 2024 and 2023, the Subsidiary                 15 Desember 2021, jangka waktu fasilitas Term                  been extended up to 20 January 2025.
         Entitas Anak telah memenuhi persyaratan dan                 has complied with the terms and conditions set out              Loan 1 (committed) - non revolving telah
         ketentuan yang ditetapkan dalam perjanjian                  in the loan agreement.                                          diperpanjang kembali hingga 20 Januari 2025.
         pinjaman.
                                                                                                                                      Pada bulan Maret 2021, Entitas Anak (PT Bank                  On March 2021, the Subsidiary (PT Bank Mandiri
         Pada tanggal 31 Desember 2024 dan 2023,                     As of 31 December 2024 and 2023, outstanding                     Mandiri Taspen) memperoleh fasilitas kredit dari              Taspen) obtained a credit facility from BCA, in the
         pinjaman dari BTN masing-masing sebesar                     fund borrowings from BTN are amounted to                         BCA, berupa fasilitas Term Loan 3 (committed) -               form of Term Loan 3 (committed) - non-revolving
         Rp638.788 dan Rp805.084.                                    Rp638,788 and Rp805,084, respectively.                           non-revolving dengan jumlah maksimum sebesar                  facility with maximum amount of Rp250,000. This
                                                                                                                                      Rp250.000. Fasilitas tersebut digunakan untuk                 facility is used to finance the Subsidiary's working
         PT Bank Negara Indonesia (Persero) Tbk.                     PT Bank Negara Indonesia (Persero) Tbk.                          membiayai modal kerja Entitas Anak. Fasilitas ini             capital. This facility has a term of 12 (twelve)
                                                                                                                                      memiliki jangka waktu selama 12 (dua belas)                   months until 30 June 2022 with a JIBOR interest
         Pada tanggal 18 April 2022, Entitas Anak                    On 18 April 2022, the Subsidiary (PT Mandiri                     bulan hingga 30 Juni 2022 dengan suku bunga                   rate of 3 (three) months + 125bps. On 15
         (PT Mandiri Utama Finance) memperoleh                       Utama Finance) obtained an additional limit for a                JIBOR 3 bulan + 125bps. Pada tanggal                          December 2021, the term of the Term Loan 3
         tambahan plafon fasilitas Kredit Modal Kerja non-           non-revolving working capital loan facility from BNI             15 Desember 2021, jangka waktu fasilitas Term                 (committed) - non-revolving facility has been
         revolving dari BNI dengan batas maksimum                    with a maximum credit limit of Rp1,250,000 with an               Loan 3 (committed) – non-revolving telah                      extended until 31 March 2025.
                                                                                                                                      diperpanjang hingga 31 Maret 2025.
         kredit sebesar Rp1.250.000 dengan tingkat suku              interest rate of 6.50% - 6.80% which has an
         bunga sebesar 6,50% - 6,80% yang memiliki                   undrawn period until 18 April 2023 and the tenor of              Pada bulan Maret 2022, Entitas Anak (PT Bank                  On March 2022, the Subsidiary (PT Bank Mandiri
         masa kelonggaran tarik sampai dengan 18 April               the facility maximum up to 4 (four) years. Therefore             Mandiri Taspen) memperoleh fasilitas kredit dari              Taspen) obtained a credit facility from BCA, in the
         2023 dan tenor fasilitas maksimum hingga 4                  the maturity date will be until 25 January 2027.                 BCA, berupa fasilitas Term Loan 4 (committed) -               form of a Term Loan 4 (committed) - non-revolving
         (empat) tahun. Fasilitas tersebut akan jatuh                                                                                 non-revolving dengan jumlah maksimum sebesar                  facility with a maximum amount of Rp250,000. This
         tempo tanggal 25 Januari 2027.                                                                                               Rp250.000. Fasilitas ini digunakan untuk                      facility has a term of 36 (thirty six) months from the
                                                                                                                                      membiayai modal kerja. Pinjaman ini memiliki                  date of the first drawdown with an interest rate of
         Pada tanggal 14 November 2024, Entitas Anak                 On 14 November 2024, the Subsidiary (PT Mandiri                  jangka waktu selama 36 (tiga puluh enam) bulan                5.25% per annum. As of 31 December 2024 and
         (PT Mandiri Utama Finance) memperoleh fasilitas             Utama Finance) obtained a working capital loan                   dari tanggal penarikan pertama dengan suku                     31 December 2023, the Subsidiary has complied
         Kredit Modal Kerja dari PT Bank Negara                      facility from PT Bank Negara Indonesia (Persero)                 bunga 5,25% per tahun. Pada tanggal                           with the terms and conditions set out in the loan
         Indonesia (Persero) Tbk. ("BNI") dengan batas               Tbk. ("BNI") with a maximum loan limit of                        31 Desember 2024 dan 31 Desember 2023,                        agreement.
         maksimum kredit sejumlah Rp1.000.000 dengan                 Rp1,000,000, with an interest rate of 6.80% -                    Entitas Anak telah memenuhi persyaratan dan
         tingkat suku bunga sebesar 6,80% - 7,30%.                   7.30%. The facility is a non revolving working                   ketentuan yang ditetapkan dalam perjanjian
         Fasilitas tersebut bersifat Kredit Modal Kerja non          capital loan. The period of withdrawal of loan                   pinjaman.
         revolving. Jangka waktu penarikan fasilitas kredit          facilities is up to 14 November 2025. Therefore the
         adalah sampai dengan 14 November 2025.                      maturity date will be until 14 November 2029.                    Pada tanggal 20 November 2020 dan 17 April                    On 20 November 2020 and 17 April 2023, the
         Fasilitas tersebut akan jatuh tempo tanggal 14                                                                               2023, Entitas Anak (PT Mandiri Tunas Finance)                 Subsidiary (PT Mandiri Tunas Finance) and BCA
         November 2029.                                                                                                               dan BCA telah menandatangani perjanjian kredit                have signed a credit agreement where BCA
                                                                                                                                      dimana BCA memberikan beberapa fasilitas                      provides several Installment Loan and Term
                                                                                                                                      Installment Loan dan Pinjaman Berjangka Money                 Money Market (PBMM) loan facilities with a total
         Pada tanggal 18 April 2022, Entitas Anak                    On 18 April 2022, the Subsidiary (PT Mandiri                     Market (PBMM) dengan total limit sebesar                      limit of Rp11,808,000 which are non-revolving and
         (PT Mandiri Utama Finance) memperoleh                       Utama Finance) obtained an additional limit for a                Rp11.808.000 yang bersifat non-revolving dan                  revolving, respectively. These facilities have
         tambahan plafon fasilitas Kredit Modal Kerja non-           non-revolving working capital loan facility from BNI             revolving. Fasilitas tersebut memiliki jatuh tempo            various maturities and range between January
         revolving dari BNI dengan batas maksimum                    with a maximum credit limit of Rp1,250,000 with an               yang beragam dan berkisar antara bulan Januari                2024 to January 2027 with interest rate ranging
         kredit sebesar Rp1.250.000 dengan tingkat suku              interest rate of 6.50% - 6.80% which has an                      2024 sampai dengan bulan Januari 2027 dengan                  from 6.00% - 7.60%.
         bunga sebesar 6,50% - 6,80% yang memiliki                   undrawn period until 18 April 2023 and the tenor of              suku bunga berkisar antara 6,00% - 7,60%.
         masa kelonggaran tarik sampai dengan 18 April               the facility maximum up to 4 (four) years. Therefore
         2023 dan tenor fasilitas maksimum hingga 4                  the maturity date will be until 25 January 2027.                 Pada tanggal 31 Desember 2024 dan 2023,                       As of 31 December 2024 and 2023, outstanding
         (empat) tahun. Fasilitas tersebut akan jatuh                                                                                 pinjaman dari BCA masing-masing sebesar                       fund borrowings from BCA was amounted to
         tempo tanggal 25 Januari 2027.                                                                                               Rp7.904.515 dan Rp7.925.272.                                  Rp7,904,515 and Rp7,925,272, respectively.


PT BANK MANDIRI (PERSERO) TBK                        1554      275                                                                                                                         1555
                                                                                                                                                                                              276                                  ANNUAL REPORT 2024
Page 500
        FINANCIAL STATEMENTS 2024


                                         PT BANK MANDIRI (PERSERO) Tbk.                                                                                            PT BANK MANDIRI (PERSERO) Tbk.
                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                  DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED              CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS            KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                              31 DECEMBER 2024 AND 2023           31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)     (Expressed in millions of Rupiah, unless otherwise stated)    (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)        (Expressed in millions of Rupiah, unless otherwise stated)


36. PINJAMAN YANG DITERIMA (lanjutan)                       36. FUND BORROWINGS (continued)                                36. PINJAMAN YANG DITERIMA (lanjutan)                         36. FUND BORROWINGS (continued)

     (h) Lain-lain (lanjutan)                                  (h) Others (continued)                                          (h) Lain-lain (lanjutan)                                      (h) Others (continued)

                                                                                                                                    Rupiah (lanjutan)                                            Rupiah (continued)
         Rupiah (lanjutan)                                         Rupiah (continued)
                                                                                                                                    PT Bank Maybank Indonesia Tbk. (lanjutan)                    PT Bank Maybank Indonesia Tbk. (continued)
         PT Bank Pan Indonesia Tbk.                                PT Bank Pan Indonesia Tbk.
                                                                                                                                   Pada tanggal 18 Oktober 2023, Entitas Anak                    On 18 October 2023, the Subsidiary (PT Mandiri
         Pada tanggal 25 Agustus 2021, Entitas Anak                On 25 August 2021, the Subsidiary (PT Mandiri                   (PT     Mandiri    Utama      Finance)  kembali               Utama Finance) again obtained an additional Term
         (PT Mandiri Utama Finance) mendapat tambahan              Utama Finance) received an additional non-                      memperoleh tambahan Fasilitas Pinjaman                        Loan Facility IV amounting to Rp500,000 from
         fasilitas Kredit Modal Kerja sebesar Rp500.000            revolving Working Capital Loan facility of                      Berjangka IV sejumlah Rp500.000 dari Maybank                  Maybank with an indicative interest rate of 7.25% -
         yang bersifat non-revolving serta tambahan                Rp500,000, as well as additional Money Market                   dengan indikasi tingkat suku bunga 7,25% -                    7.50% and a withdrawal period until 18 April 2024,
                                                                                                                                   7,50% dan dari jangka waktu penarikan sampai                  and a tenor of 48 months. The limit of the Term
         Fasilitas Money Market Line sehingga menjadi              Line Facility which become Rp250,000. The                       dengan tanggal 18 April 2024 dan tenor 48 bulan.              Loan Facility IV is hybrid and can be used for both
         Rp250.000. Atas Fasilitas Kredit Modal Kerja              Working Capital Credit facility bears an interest               Adapun plafon fasilitas Pinjaman Berjangka IV                 conventional and Sharia loan working capital.
         dikenakan suku bunga 7,25% pada saat                      rate of 7.25% at the time of withdrawal with                    bersifat hybrid yang dapat digunakan sebagai
         penarikan dengan kelonggaran tarik sampai                 undrawn portion until February 2022 and will                    kredit modal kerja konvensial maupun syariah.
         dengan bulan Februari 2022 dan jatuh tempo                mature on 3 February 2025. Meanwhile, the
         pada 3 Februari 2025. Sedangkan untuk fasilitas           Money Market Line credit facility bears a                       Pada tanggal 29 Agustus 2022, Entitas Anak (PT                On 29 August 2022, the Subsidiary (PT Bank
         Kredit Money Market Line dikenakan tingkat suku           benchmark interest rate, with the withdrawal period             Bank Syariah Indonesia) dan Maybank                           Syariah Indonesia) and Maybank         obtained a
                                                                                                                                   mendapatkan        fasilitas    line pembiayaan               mudharabah financing line facility amounted to
         bunga acuan, dengan kelonggaran tariknya jatuh            due in 26 May 2022.
                                                                                                                                   mudharabah sebesar USD100.000.000 (nilai                      USD100,000,000 (full amount) from Maybank. On
         tempo pada bulan 26 Mei 2022.                                                                                             penuh) dari Maybank. Pada tanggal 30 Mei 2024,                30 May 2024, 24 June 2024 and 28 June 2024, the
                                                                                                                                   24 Juni 2024, 28 Juni 2024 Bank melakukan                     Bank withdrew facilities amounting to Rp. 300,000,
         Pada tanggal 12 November 2024, Entitas Anak               On 12 November 2024, the Subsidiary (PT Mandiri                 penarikan     fasilitas      sebesar Rp300.000,               Rp750,000 and Rp300,000 respectively, with a
         (PT Mandiri Utama Finance) mendapat tambahan              Utama Finance) obtained a non-revolving Working                 Rp750.000 dan Rp300.000 dengan nisbah bagi                    profit sharing ratio of 0.18%, 0.53% and 0.04%
         fasilitas Kredit Modal Kerja dari PT Bank Pan             Capital Loan facility from PT Bank Pan Indonesia                hasil sebesar 0,18%, 0,53% dan 0,04% dan jatuh                respectively and mature respectively on 1 July
         Indonesia Tbk. (“Panin”) sebesar Rp500.000                Tbk. (“Panin”) amounted to Rp500,000. This facility             tempo masing-masing pada tanggal 1 Juli 2024,                 2024, 1 August 2024, and 5 July 2024. There is no
         yang bersifat non-revolving. Atas fasilitas               is subject to interest rate of 7% - 7.25% at the time           1 Agustus 2024, dan 5 Juli 2024. Tidak terdapat               collateral pledged for this facility.
                                                                                                                                   agunan yang dijaminkan untuk fasilitas ini.
         tersebut dikenakan suku bunga 7% - 7,25% pada             of withdrawal. The facility will mature on 14 May
         saat penarikan. Fasilitas tersebut jatuh tempo            2029.                                                            Pada tanggal 31 Desember 2024 dan 2023,                      As of 31 December 2024 and 2023, outstanding
         pada bulan 14 Mei 2029.                                                                                                    pinjaman dari Maybank sebesar Rp2.292.588                    fund borrowings from Maybank are amounted to
                                                                                                                                    dan Rp1.464.831.                                             Rp2,292,588 and Rp1,464,831 respectively.
         Pada tanggal 24 Agustus 2023, Entitas Anak                On 24 August 2023, the Subsidiary (PT Mandiri
         (PT Mandiri Tunas Finance) dan Panin                      Tunas Finance) and Panin signed a loan                           Pada tanggal 31 Desember 2024 dan 2023,                      As of 31 December 2024 and 2023, outstanding
         menandatangani perjanjian kredit dengan total             agreement with a total limit of Rp5,000,000 which                pinjaman dari Maybank Syariah sebesar                        fund borrowings from Maybank Syariah are
         limit sebesar Rp5.000.000 yang bersifat                   is non-revolving. The facility matures on 18 June                Rp40.607 dan RpNihil.                                        amounted to Rp40,607 and RpNil respectively.
         non-revolving. Fasilitas tersebut jatuh tempo             2024 until 14 April 2026 with interest rate ranging
                                                                                                                                    PT Bank Pembangunan Daerah Jawa Barat                        PT Bank Pembangunan Daerah Jawa Barat dan
         pada tanggal 18 Juni 2024 sampai dengan                   from 6.00% - 7.60%.                                              dan Banten Tbk.                                              Banten Tbk.
         14 April 2026 dengan tingkat suku bunga berkisar
         antara 6,00% - 7,60%.                                                                                                      Pada tanggal 23 September 2020 dan                           On 23 September 2020 and 29 September 2023,
                                                                                                                                    29 September 2023, Entitas Anak (PT Bank                     the Subsidiary (PT Bank Mandiri Taspen) obtained
         Pada tanggal 31 Desember 2024 dan 2023,                   As of 31 December 2024 and 2023, outstanding                     Mandiri Taspen) memperoleh fasilitas kredit dari             a loan facility from PT Bank Pembangunan Daerah
         pinjaman dari Panin masing-masing sebesar                 fund borrowings from Panin are amounted to                       PT Bank Pembangunan Daerah Jawa Barat dan                    Jawa Barat dan Banten Tbk. (“BJB”), in the form of
         Rp4.586.349 dan Rp3.993.077.                              Rp4,586,349 and Rp3,993,077, respectively.                       Banten Tbk. (“BJB”), berupa fasilitas Term Loan              Term Loan (committed) - non-revolving facility with
                                                                                                                                    (committed) - non-revolving dengan total jumlah              total a maximum limit of Rp1,000,000 with an
                                                                                                                                    maksimum sebesar Rp1.000.000 dengan suku                     interest rate of JIBOR 3 Months + 130bps. This
         PT Bank Maybank Indonesia Tbk.                            PT Bank Maybank Indonesia Tbk.                                   bunga JIBOR 3 bulan + 130bps. Fasilitas                      facility is used to finance the Subsidiary's working
                                                                                                                                    tersebut digunakan untuk membiayai modal kerja               capital. The facility will mature on 25 March 2025.
         Pada tanggal 27 Juli 2022, Entitas Anak                   On 27 July 2022, the Subsidiary (PT Mandiri                      Entitas Anak. Fasilitas tersebut jatuh tempo pada
         (PT Mandiri Utama Finance) memperoleh                     Utama Finance) obtained an additional Term Loan                  tanggal 25 Maret 2025.
         tambahan Fasilitas Pinjaman Berjangka III                 III Facility in the amount of Rp350,000
         sejumlah Rp350.000 dari PT Bank Maybank                   PT Maybank Indonesia Tbk (“Maybank”) with an                     Pada tanggal 8 Agustus 2023, Entitas Anak                    On 8 August 2023, the Subsidiary (PT Mandiri
         Indonesia Tbk (“Maybank”) dengan tingkat suku             interest rate of 7.00% and a drawdown period until               (PT Mandiri Tunas Finance) dan BJB                           Tunas Finance) and BJB signed a loan agreement
                                                                                                                                    menandatangani perjanjian kredit dimana BJB                  whereby BJB provided a General Working Capital
         bunga 7,00% dan jangka waktu penarikan                    27 January 2023 with a tenor of 48 months. The
                                                                                                                                    menyediakan fasilitas Kredit Modal Kerja Umum                Loan Facility for Financing Institutions with a total
         sampai dengan tanggal 27 Januari 2023 dengan              Term Loan III facility is hybrid in nature which can             Lembaga Pembiayaan dengan total limit sebesar                limit of Rp500,000 which is non-revolving. The
         tenor 48 bulan. Plafon fasilitas Pinjaman                 be used as a conventional or sharia Working                      Rp500.000 yang bersifat non-revolving. Fasilitas             facility will mature on August 2026 with interest
         Berjangka III bersifat hybrid yang dapat                  Capital Loan. This facility will mature on                       tersebut jatuh tempo pada bulan Agustus 2026                 rate is a floating interest rate during the withdrawal
         digunakan sebagai Kredit Modal Kerja konvensial           29 September 2026.                                               dengan tingkat suku bunga bunga berlaku                      period and a fixed rate during the loan term around
         maupun Syariah. Fasilitas tersebut jatuh tempo                                                                             floating rate selama masa penarikan dan fixed                6.00% - 7.60%.
         pada tanggal 29 September 2026.                                                                                            rate selama jangka waktu kredit antara 6,00% -
                                                                                                                                    7,60%.



PT BANK MANDIRI (PERSERO) TBK                        1556    277                                                                                                                        1557
                                                                                                                                                                                           278                                  ANNUAL REPORT 2024
Page 501
        FINANCIAL STATEMENTS 2024


                                         PT BANK MANDIRI (PERSERO) Tbk.                                                                                               PT BANK MANDIRI (PERSERO) Tbk.
                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED             CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS           KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                31 DECEMBER 2024 AND 2023          31 DESEMBER 2024 DAN 2023                                                                    31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)       (Expressed in millions of Rupiah, unless otherwise stated)   (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)


36. PINJAMAN YANG DITERIMA (lanjutan)                         36. FUND BORROWINGS (continued)                               36. PINJAMAN YANG DITERIMA (lanjutan)                            36. FUND BORROWINGS (continued)

     (h) Lain-lain (lanjutan)                                    (h) Others (continued)                                         (h) Lain-lain (lanjutan)                                         (h) Others (continued)

                                                                                                                                     Rupiah (lanjutan)                                               Rupiah (continued)
         Rupiah (lanjutan)                                           Rupiah (continued)
                                                                                                                                     PT Bank Jago Tbk. (lanjutan)                                    PT Bank Jago Tbk. (continued)
         PT Bank Pembangunan Daerah Jawa Barat                       PT Bank Pembangunan Daerah Jawa Barat dan
         dan Banten Tbk. (lanjutan)                                  Banten Tbk. (continued)                                         Pada tanggal 13 Agustus 2024, Entitas Anak (PT                  On 13 August 2024, the Subsidiary (PT Mandiri
                                                                                                                                     Mandiri Utama Finance) dan Bank Jago                            Utama Finance) has signed a obtained Working
         Pada tanggal 31 Desember 2024 dan 2023,                     As of 31 December 2024 and 2023, outstanding                    menandatangani perjanjian penambahan fasilitas                  Capital Loan facility agreement non revolving with
         pinjaman dari BJB masing-masing sebesar                     fund borrowings from BJB are amounted to                        Kredit Modal kerja non revolving dengan batas                   Bank Jago with maximum limit is Rp1,300,000 with
         Rp1.312.400 dan Rp1.443.489.                                Rp1,312,400 and Rp1,443,489 respectively.                       maksimum kredit sejumlah Rp1.300.000 yang                       interest 7.25% - 7.50% a maximum loan tenure of
                                                                                                                                     dikenakan tingkat suku bunga 7,25% - 7,50%.                     60 months from the drawdown date.
         PT Bank DKI                                                 PT Bank DKI                                                     tenor pinjaman maksimal 60 bulan sejak tanggal
                                                                                                                                     penarikan.
         Pada tanggal 15 Juni 2022, Entitas Anak                     On 15 June 2022, the Subsidiary (PT Bank Mandiri
                                                                                                                                     Pada tanggal 31 Desember 2024 dan 2023,                         As of 31 December 2024 and 2023, oustanding
         (PT Bank Mandiri Taspen) memperoleh fasilitas               Taspen) obtained a loan facility from Bank DKI, in              pinjaman dari Bank Jago masing-masing sebesar                   fund borrowings from Bank Jago are Rp1,245,817
         kredit dari Bank DKI, berupa fasilitas Term Loan            the form of a Term Loan (committed) - non-                      Rp1.245.817 dan Rp49.875.                                       and Rp49,875, respectively.
         (committed) - non-revolving dengan jumlah                   revolving facility with a maximum loan amounting
         maksimum sebesar Rp500.000. Fasilitas tersebut              to Rp500,000. This facility is used to finance the              PT Bank Danamon Indonesia Tbk.                                  PT Bank Danamon Indonesia Tbk.
         digunakan untuk membiayai modal kerja Entitas               Subsidiary's working capital. This facility has a
         Anak. Fasilitas ini memiliki jangka waktu selama            term of 24 months with an interest rate of 3 months             Pada tanggal 26 September 2019, Entitas Anak                    On 26 September 2019, the Subsidiary
         24 bulan dengan suku bunga JIBOR 3 bulan +                  JIBOR + margin of 0.95% per annum.                              (PT Mandiri Tunas Finance) mendapat tambahan                    (PT Mandiri Tunas Finance) received an additional
         margin sebesar 0,95% per tahun.                                                                                             fasilitas Working Capital Loan yang bersifat                    revolving Working Capital Loan facility from
                                                                                                                                     revolving dari PT Bank Danamon Indonesia Tbk.                   PT Bank Danamon Indonesia Tbk. (“Danamon”) so
         Pada tanggal 19 Desember 2023, Entitas Anak                 On 19 December 2023, the Subsidiary (PT Mandiri                 (“Danamon”) sehingga total keseluruhan fasilitas                that the total Working Capital Loan facility is
         (PT Mandiri Utama Finance) memperoleh fasilitas             Utama Finance) and PT Bank DKI (Unit Usaha                      Working Capital Loan sebesar Rp150.000 dan                      Rp150,000 and matures on 22 January 2021, and
                                                                                                                                     jatuh tempo pada tanggal 22 Januari 2021, serta                 received additional non-revolving Term Loan
         pinjaman Executing dari PT Bank DKI (Unit                   Syariah) (“Bank DKI Syariah”) signed a loan                     memperoleh tambahan fasilitas Term Loan yang                    facilities of Rp3,500,000 with an interest rate of
         Usaha Syariah) (“Bank DKI Syariah”) dengan                  agreement where by Bank DKI Syariah provides                    bersifat non-revolving sebesar Rp3.500.000                      6.00% - 7.60% on drawdown and will mature on
         batas maksimum kredit sebesar Rp150.000                     an additional Executing loan facility with a                    dengan suku bunga 6,00% - 7,60% pada saat                       13 November 2024 and 20 October 2025.
         dengan nisbah bagi hasil ditentukan saat                    maximum credit of Rp150,000. The withdrawal                     penarikan dan akan jatuh tempo pada tanggal
         penarikan fasilitas. Jangka waktu penarikan                 period for the facility is until 19 June 2024 with              13 November 2024 dan 20 Oktober 2025.
         fasilitas tersebut adalah sampai dengan 19 Juni             maximum loan tenor of 36 (thirty six) months from
         2024 dengan tenor pinjaman maksimal 36 (tiga                the date of withdrawal. This facility will mature on            Pada tanggal 30 Desember 2019, Entitas Anak                     On 30 December 2019, the Subsidiary (PT Mandiri
         puluh enam) bulan sejak tanggal penarikan.                  19 June 2027.                                                   (PT Mandiri Utama Finance) memperoleh fasilitas                 Utama Finance) obtained Term Loan I and
         Fasilitas ini akan jatuh tempo pada 19 Juni 2027.                                                                           Term Loan I dan Working Capital dari Danamon                    Working Capital facilities from Danamon with a
                                                                                                                                     dengan batas maksimum kredit masing-masing                      maximum credit limit of Rp350,000 and
         Pada tanggal 6 Maret 2024, Entitas Anak                     On 6 March 2024, the Subsidiary (PT Mandiri                     sejumlah Rp350.000 dan Rp100.000 dengan                         Rp100,000, respectively, with an interest rate of
                                                                                                                                     tingkat suku bunga 9,00% untuk fasilitas Term                   9.00% for the Term Loan facility and indicate
         (PT Mandiri Tunas Finance) dan Bank DKI                     Tunas Finance) and Bank DKI signed a loan facility
                                                                                                                                     Loan dan suku bunga indikasi 8,00% untuk                        interest rate of 8.00% for Working Capital facility.
         menandatangani perjanjian fasilitas pinjaman                agreement where Bank DKI provides a Working                     fasilitas Working Capital.
         dimana Bank DKI menyediakan fasilitas Kredit                Capital Executing - Term Loan facility with a total
         Modal Kerja Executing - Term Loan dengan total              amounted of Rp1,500,000 which is non-revolving.                 Jangka waktu penarikan fasilitas Term Loan                      The withdrawal period for the Term Loan facility is
         fasilitas sebesar Rp1.500.000 yang bersifat non-            The facility has varying maturities ranging from                adalah 12 bulan sejak fasilitas ditandatangani                  12 months from the time the facility is signed and
         revolving. Fasilitas tersebut memiliki jatuh tempo          December 2024 to March 2027, with a fixed                       dan fasilitas bersifat non-revolving. Sedangkan                 the facility is non-revolving. Meanwhile, for the
         yang beragam dan berkisar antara bulan                      interest rate for disbursed credit.                             untuk fasilitas Working Capital Loan, jangka                    Working Capital Loan facility, the withdrawal period
         Desember 2024 sampai dengan bulan Maret                                                                                     waktu penarikan adalah 12 bulan sejak fasilitas                 is 12 months from the time the facility is signed
         2027 dengan tarif suku bunga fixed untuk kredit                                                                             ditandatangani dan fasilitas bersifat revolving.                and the facility is revolving. The withdrawal period
         yang sudah dicairkan                                                                                                        Jangka waktu penarikan fasilitas Working Capital                for the Working Capital Loan facility has been
                                                                                                                                     Loan sudah beberapa kali diperpanjang.                          extended several times. Meanwhile, the Term
         Pada tanggal 31 Desember 2024 dan 2023,                     As of 31 December 2024 and 2023, outstanding                    Sedangkan fasilitas Term Loan I akan jatuh                      Loan I facility will mature on 12 October 2024. On
                                                                                                                                     tempo tanggal 12 Oktober 2024. Pada tanggal                     21 December 2022, the Subsidiary extended the
         pinjaman dari Bank DKI masing-masing sebesar                borrowings from Bank DKI are amounted to                        21 Desember 2022, Entitas Anak melakukan                        Working Capital Facility with a withdrawal period of
         Rp1.285.258 dan Rp693.834.                                  Rp1,285,258 and Rp693,834, respectively.                        perpanjangan Fasilitas Working Capital dengan                   the facility until 30 August 2023. This facility has
                                                                                                                                     jangka waktu penarikan fasilitas sampai dengan                  been temporarily extended until 30 September
         PT Bank Jago Tbk.                                           PT Bank Jago Tbk.                                               tanggal 30 Agustus 2023. Fasilitas ini telah                    2023. Then the Subsidiary on the same date also
                                                                                                                                     diperpanjang      sementara     sampai       dengan             obtained additional Term Loan and Sharia Term
         Pada tanggal 20 Desember 2023, Entitas Anak                 On 20 December 2023, the Subsidiary (PT Mandiri                 30 September 2023. Kemudian Entitas Anak                        Loan facilities a limit of maximum loan amounted
         (PT Mandiri Utama Finance) dan Bank Jago                    Utama Finance) has signed a Working Capital                     ditanggal yang sama juga memperoleh tambahan                    to is Rp400,000 and Rp100,000 respectively with
         menandatangani perjanjian fasilitas Kredit Modal            Loan facility agreement non-revolving with Bank                 fasilitas Term Loan dan Term Loan Syariah                       an interest rate of 7.00% - 7.25% for the Term
         kerja non-revolving dengan batas maksimum                   Jago with maximum limit is Rp1,000,000 with                     dengan batas maksimum kredit masing-masing                      Loan facility, with the withdrawal period for the
         kredit sejumlah Rp1.000.000 yang dikenakan                  interest 7.00% - 7.25%. The drawdown period for                 sejumlah Rp400.000 dan Rp100.000 dengan                         Term Loan facility is 12 months from the time the
         tingkat suku bunga 7,00% - 7,25%. Jangka waktu              the loan facility is until 20 December 2024, with a             tingkat suku bunga 7,00% - 7,25% untuk fasilitas                facility is signed and the facility is non-revolving.
                                                                                                                                     Term Loan, dengan jangka waktu penarikan                        This facility matures on 13 July 2027.
         penarikan fasilitas kredit adalah sampai dengan             maximum loan tenure of 60 months from the                       fasilitas Term Loan adalah 12 bulan sejak
         20 Desember 2024 dengan tenor pinjaman                      drawdown date.                                                  fasilitas ditandatangani dan fasilitas bersifat non-
         maksimal 60 bulan sejak tanggal penarikan.                                                                                  revolving. Untuk Fasilitas tersebut jatuh tempo
                                                                                                                                     pada tanggal 13 Juli 2027.


PT BANK MANDIRI (PERSERO) TBK                        1558      279                                                                                                                          1559
                                                                                                                                                                                               280                                  ANNUAL REPORT 2024
Page 502
        FINANCIAL STATEMENTS 2024


                                         PT BANK MANDIRI (PERSERO) Tbk.                                                                                                PT BANK MANDIRI (PERSERO) Tbk.
                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED              CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS            KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023           31 DESEMBER 2024 DAN 2023                                                                  31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)        (Expressed in millions of Rupiah, unless otherwise stated)    (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)         (Expressed in millions of Rupiah, unless otherwise stated)


36. PINJAMAN YANG DITERIMA (lanjutan)                          36. FUND BORROWINGS (continued)                                36. PINJAMAN YANG DITERIMA (lanjutan)                          36. FUND BORROWINGS (continued)

     (h) Lain-lain (lanjutan)                                     (h) Others (continued)                                          (h) Lain-lain (lanjutan)                                       (h) Others (continued)

         Rupiah (lanjutan)                                            Rupiah (continued)                                               Rupiah (lanjutan)                                             Rupiah (continued)

         PT Bank Danamon Indonesia Tbk. (lanjutan)                    PT Bank Danamon Indonesia Tbk. (continued)                       PT Bank China Construction Bank Indonesia                     PT Bank China Construction Bank Indonesia
                                                                                                                                       Tbk. (lanjutan)                                               Tbk. (continued)
         Pada tanggal 19 Oktober 2021 dan terakhir pada               On 19 October 2021 and recently on 12 October
         tanggal 12 Oktober 2022, Entitas Anak                        2022, the Subsidiary (PT Mandiri Tunas Finance)                  Pada tanggal 16 Juni 2022, Entitas Anak                       On 16 June 2022, the Subsidiary (PT Mandiri
         (PT Mandiri Tunas Finance) mendapat fasilitas                received a Term Loan facility in Rupiah (IDR)                    (PT Mandiri Tunas Finance) dan CCBI                           Tunas Finance) and CCBI signed a non-revolving
         Term Loan dengan mata uang Rupiah (IDR) yang                 currency, which is non-revolving, from Danamon                   menandatangani perjanjian kredit sebesar                      credit agreement amounting to Rp430,000. The
         bersifat non-revolving dari Danamon dengan total             with a total limit of Rp2,000,000 and mature on                  Rp430.000       yang     bersifat   non-revolving.            drawdown were made on 15 July 2022 with a tenor
                                                                                                                                       Penarikan fasilitas dilakukan pada tanggal 15 Juli            of 3 (three) years and bears the interest rate of
         limit sebesar Rp2.000.000 dan jatuh tempo pada               31 December 2024, until 30 October 2025. The
                                                                                                                                       2022 dengan tenor 3 (tiga) tahun dan dikenakan                6.00% - 7.60%. This facility will mature on 15 July
         bulan 31 Desember 2024 sampai dengan                         interest rate is fixed for the loan term.                        tingkat suku bunga antara 6,00% - 7,60%.                      2025.
         30 Oktober 2025. Suku bunga tetap selama tenor                                                                                Fasilitas tersebut jatuh tempo pada tanggal
         pinjaman.                                                                                                                     15 Juli 2025.
         Pada tanggal 12 Desember 2023, Entitas Anak                  On 12 December 2023, the Subsidiary                              Pada tanggal 31 Desember 2024 dan 2023,                       As of 31 December 2024 and 2023, outstanding
         (PT Mandiri Utama Finance) memperoleh                        (PT Mandiri Utama Finance) obtained additional                   pinjaman dari CCBI masing-masing sebesar                      fund borrowings from CCBI was amounted to
         tambahan fasilitas Term Loan dan Term Loan                   Term Loan and Sharia Term Loan facilities with                   Rp534.510 dan Rp896.066.                                      Rp534,510 and Rp896,066, respectively.
         Syariah dengan batas maksimum kredit masing-                 maximum loan limits of Rp450,000 and
         masing sejumlah Rp450.000 dan Rp50.000                       Rp50,000, respectively, with a fixed interest rate               PT Bank CIMB Niaga Tbk.                                       PT Bank CIMB Niaga Tbk.
         dengan tingkat suku bunga tetap 7,30% untuk                  of 7.30% for the Term Loan facility. The
         fasilitas Term Loan, dengan jangka waktu                     withdrawal period for the Term Loan facility is 12               Pada tanggal 19 Februari 2020, Entitas Anak                   On 19 February 2020, the Subsidiary (PT Mandiri
         penarikan fasilitas Term Loan adalah 12 bulan                months from the signing date, and the facility is                (PT Mandiri Tunas Finance) dan PT Bank CIMB                   Utama Finance) and PT Bank CIMB Niaga Tbk.
         sejak fasilitas ditanda-tangani dan fasilitas                non-revolving.                                                   Niaga     Tbk.    (“Bank      CIMB      Niaga”)               (“Bank CIMB Niaga”) signed a loan agreement that
         bersifat non-revolving.                                                                                                       menandatangani perjanjian kredit dimana Bank                  Bank CIMB Niaga provides non-revolving Term
                                                                                                                                       CIMB Niaga menyediakan fasilitas Term Loan                    Loan facility with total limit up to Rp300,000 with
         Pada tanggal 12 Desember 2023, Perusahaan                    On 12 December 2023, the Subsidiary obtained an                  dengan total     maksimum kredit sebesar                      8.25% of fixed interest rate at drawdown. This
         memperoleh tambahan fasilitas Term Loan dan                  additional Term Loan facility and a Shariah-                     Rp300.000 yang bersifat non-revolving dan                     facility will mature on February 2023. On 4 March
         Term Loan Syariah dengan batas maksimum                      compliant Term Loan facility, with maximum credit                dikenakan tingkat suku bunga tetap sebesar                    2023, the term of non-revolving Term Loan
         kredit masing-masing sejumlah Rp450.000 dan                  limits of Rp450,000 and Rp50,000, respectively.                  8,25% pada saat penarikan. Fasilitas tersebut                 (committed) facility has been extended again until
         Rp50.000 dengan indikatif tingkat suku bunga                 The indicative interest rate for the Term Loan                   jatuh tempo pada bulan Februari 2023. Pada                    4 March 2025.
         7,25% untuk fasilitas Term Loan, dengan jangka               facility is 7.25%, with a withdrawal period of 12                tanggal 4 Maret 2023, jangka waktu fasilitas
         waktu penarikan fasilitas Term Loan adalah 12                months from the signing of the facility. The facility            Term Loan (committed) - non-revolving telah
         bulan sejak fasilitas ditanda-tangani dan fasilitas          is non-revolving and will mature on 5 August 2028.               diperpanjang kembali hingga 4 Maret 2025.
         bersifat non revolving. Fasiltias tersebut akan
                                                                                                                                       Pada tanggal 29 September 2021 dan terakhir                   On 29 September 2021 and most recently on
         jatuh tempo pada tanggal 5 Agustus 2028.
                                                                                                                                       pada tanggal 20 Desember 2022, Entitas Anak                   20 December 2022, the Subsidiary (PT Mandiri
                                                                                                                                       (PT Mandiri Tunas Finance) dan Bank CIMB                      Tunas Finance) and Bank CIMB Niaga signed a
         Pada tanggal 31 Desember 2024 dan 2023                       As of 31 December 2024 and 2023, outstanding                     Niaga menandatangani perjanjian kredit dimana                 loan agreement where Bank CIMB Niaga provided
         pinjaman dari Danamon masing-masing sebesar                  fund borrowings from Danamon are amounted to                     Bank CIMB Niaga menyediakan beberapa                          several Special Transaction Loan facilities with a
         Rp1.008.923 dan Rp1.573.619.                                 Rp1,008,923 and Rp1,573,619, respectively.                       fasilitas Pinjaman Transaksi Khusus dengan total              total facility of Rp900,000 which is non-revolving
                                                                                                                                       fasilitas sebesar Rp900.000 yang bersifat non-                and is subject to a fixed interest rate of between
         Pada tanggal 31 Desember 2024 dan 2023,                      As of 31 December 2024 and 2023, outstanding                     revolving dan dikenakan tingkat suku bunga tetap              6.00% - 7.60% upon withdrawal. These facilities
         pinjaman dari Danamon Syariah masing-masing                  fund borrowings from Danamon Syariah was                         sebesar antara 6,00% - 7,60%. pada saat                       have various maturities and range from March
         sebesar Rp109.688 dan Rp101.351.                             amounted to Rp109,688 and Rp101,351,                             penarikan. Fasilitas tersebut memiliki jatuh tempo            2025 to March 2026.
                                                                      respectively.                                                    yang beragam dan berkisar antara bulan Maret
                                                                                                                                       2025 sampai dengan Maret 2026.
         PT Bank China Construction Bank Indonesia                    PT Bank China Construction Bank Indonesia
         Tbk.                                                         Tbk.                                                             Pada tanggal 31 Desember 2024 dan 2023,                       As of 31 December 2024 and 2023, outstanding
                                                                                                                                       pinjaman dari Bank CIMB Niaga masing-masing                   fund borrowings from Bank CIMB Niaga are
         Pada tanggal 22 Februari 2022, Entitas Anak                  On 22 February 2022, Subsidiary (PT Mandiri                      sebesar Rp468.128 dan Rp607.627.                              amounted to Rp468,128 and Rp607,627,
         (PT Mandiri Utama Finance) dan PT Bank China                 Utama Finance) and PT Bank China Construction                                                                                  respectively.
         Construction Bank Indonesia Tbk ("CCBI")                     Bank Indonesia Tbk ("CCBI") signed a
         menandatangani perjanjian fasilitas pinjaman                 non-revolving working capital loan facility                      PT Bank QNB Indonesia Tbk.                                    PT Bank QNB Indonesia Tbk.
         modal kerja non-revolving dengan batas                       agreement with a maximum loan limit of
         maksimum kredit sejumlah Rp250.000 yang                      Rp250,000 subject to an interest rate of 6.50% per               Pada tanggal 24 Mei 2023, Entitas Anak                        On 24 May 2023, the Subsidiary (PT Mandiri Tunas
         dikenakan tingkat suku bunga 6,50% per tahun.                annum. The term for drawing down the loan facility               (PT Mandiri Tunas Finance) dan PT Bank QNB                    Finance) and PT Bank QNB Indonesia Tbk.
         Jangka waktu penarikan fasilitas kredit adalah               is until 22 August 2022 with a maximum loan tenor                Indonesia     Tbk.    (“QNB”)    menandatangani               (“QNB”) signed a loan agreement which QNB
         sampai dengan 22 Agustus 2022 dengan tenor                   of 48 months from the date of withdrawal on                      perjanjian kredit dimana QNB menyediakan                      provides Fixed Loan facility with total limit
         pinjaman maksimal 48 bulan sejak tanggal                     7 March 2022. This Facility will mature on                       fasilitas Fixed Loan Facility dengan total                    amounting to Rp600,000 which is non-revolving
                                                                                                                                       maksimum kredit sebesar Rp600.000 yang                        and bears a fixed market interest rate of 6.75% at
         penarikan pada tanggal 7 Maret 2022. Fasilitas               24 May 2027.
                                                                                                                                       bersifat non-revolving dan dikenakan tingkat suku             the withdrawal date. This facility will mature on
         tersebut akan jatuh tempo tanggal 24 Mei 2027.                                                                                bunga tetap sebesar 6,75% pada saat penarikan.                7 August 2026.
                                                                                                                                       Fasilitas tersebut akan jatuh tempo pada
                                                                                                                                       7 Agustus 2026.



PT BANK MANDIRI (PERSERO) TBK                         1560      281                                                                                                                         1561
                                                                                                                                                                                               282                                 ANNUAL REPORT 2024
Page 503
        FINANCIAL STATEMENTS 2024


                                         PT BANK MANDIRI (PERSERO) Tbk.                                                                                              PT BANK MANDIRI (PERSERO) Tbk.
                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED               CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS             KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                               31 DECEMBER 2024 AND 2023            31 DESEMBER 2024 DAN 2023                                                                31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)      (Expressed in millions of Rupiah, unless otherwise stated)     (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)       (Expressed in millions of Rupiah, unless otherwise stated)


36. PINJAMAN YANG DITERIMA (lanjutan)                        36. FUND BORROWINGS (continued)                                 36. PINJAMAN YANG DITERIMA (lanjutan)                        36. FUND BORROWINGS (continued)

     (h) Lain-lain (lanjutan)                                   (h) Others (continued)                                           (h) Lain-lain (lanjutan)                                     (h) Others (continued)

         Rupiah (lanjutan)                                          Rupiah (continued)                                               Rupiah (lanjutan)                                            Rupiah (continued)
                                                                                                                                     PT Bank HSBC Indonesia Tbk.                                  PT Bank HSBC Indonesia Tbk.
         PT Bank QNB Indonesia Tbk. (lanjutan)                      PT Bank QNB Indonesia Tbk. (continued)
                                                                                                                                     Pada tanggal 2 November 2023, Entitas Anak                   On 2 November 2023, the Subsidiary (PT Mandiri
         Pada tanggal 28 Maret 2024, Entitas Anak                   On 28 March 2024, the Subsidiary (PT Mandiri                     (PT Mandiri Utama Finance) dan PT Bank HSBC                  Utama Finance) and PT Bank HSBC Indonesia
         (PT Mandiri   Utama    Finance)     dan  QNB               Utama Finance) and QNB signed a loan                             Indonesia     Tbk    (“HSBC”)    menandatangani              Tbk (“HSBC”) signed a credit agreement whereby
         menandatangani perjanjian kredit dimana QNB                agreement which QNB provides Additional Fixed                    perjanjian kredit dimana HSBC menyediakan                    Bank HSBC provides an additional Working Capital
         menyediakan fasilitas Fixed Loan Facility                  Loan facility with total limit amounted to Rp300,000             fasilitas Kredit Modal Kerja dengan maksimum                 Credit facility with a maximum credit of Rp300,000,
         tambahan dengan total maksimum kredit sebesar              which is non-revolving and bears a fixed market                  kredit sebesar Rp300.000, yang bersifat revolving            which is revolving with interest rate of 1% with
         Rp300.000 yang bersifat non-revolving dan                  interest rate of 7.45% at the withdrawal date. This              dan dikenakan tingkat suku bunga 1% di atas                  JIBOR upon withdrawal. The withdrawal period for
         dikenakan tingkat suku bunga tetap sebesar                 facility will mature on 14 June 2028.                            JIBOR pada saat penarikan. Jangka waktu                      the facility is 24 (twenty four) months from the
         7,45% pada saat penarikan. Fasilitas tersebut                                                                               penarikan fasilitas adalah 24 (dua puluh empat)              effective date the contract was signed. This facility
         akan jatuh tempo pada 14 Juni 2028.                                                                                         bulan terhitung sejak tanggal efektif kontrak                will mature on 2 November 2026.
                                                                                                                                     tersebut ditandatangani. Fasilitas ini akan jatuh
         Pada tanggal 31 Desember 2024 dan 2023,                    As of 31 December 2024 and 2023, outstanding                     tempo pada tanggal 2 November 2026.
         pinjaman dari QNB masing-masing sebesar                    fund borrowings from QNB are amounted to
         Rp422.143 dan Rp366.008.                                   Rp422,143 and Rp366,008, respectively.                           Pada tanggal 31 Desember 2024 dan 2023,                      As of 31 December 2024 and 2023, outstanding
                                                                                                                                     pinjaman dari Bank HSBC masing-masing                        fund borrowings from Bank HSBC are amounted to
         PT Bank Panin Dubai Syariah Tbk.                           PT Bank Panin Dubai Syariah Tbk.                                 sebesar Rp300.000 dan RpNihil.                               Rp300,000 and RpNil, respectively.

         Pada tanggal 27 Oktober 2022, Entitas Anak                 On 27 October 2022, the Subsidiary (PT Mandiri                   PT Bank of India Indonesia, Tbk                              PT Bank of India Indonesia, Tbk
         (PT Mandiri Utama Finance) memperoleh fasilitas            Utama Finance) obtained Excecuting loan facility                 Pada tanggal 2 Agustus 2023, Entitas Anak                    On 2 August 2023 the Subsidiary (PT Mandiri
         pinjaman Executing dari PT Bank Panin Dubai                from PT Panin Dubai Syariah Tbk. ("PDS") with a                  (PT Mandiri Tunas Finance) dan PT Bank of India              Tunas Finance) and PT Bank of India Indonesia
         Syariah Tbk. ("PDS") dengan batas maksimum                 maximum credit limit of Rp450,000, which bears                   Indonesia,     Tbk    (“BOII”)   menandatangani              Tbk (“BOII”) signed a loan agreement where BOII
         kredit sebesar Rp450.000 dengan nisbah bagi                profit sharing rate of 7%. The term for drawdown                 perjanjian kredit dimana BOII menyediakan                    provides a Reducing Demand Loan (Executing)
         hasil ditentukan saat penarikan fasilitas sekitar          the credit facility is up to 31 October 2023 with a              fasilitas Demand Loan Menurun (Executing)                    facility with a total facility of Rp500.000 with is non-
         7%. Jangka waktu penarikan fasilitas tersebut              maximum loan tenor of 48 months from the                         dengan total fasilitas sebesar Rp500.000 yang                revolving and bears a fixed interest rate of 6.00% -
         adalah sampai dengan 31 Oktober 2023 dengan                drawdown date. This facility will mature on 9 June               bersifat non-revolving dan dikenakan tingkat suku            7.60%. the facility will mature on 10 August 2026.
         tenor pinjaman maksimal 48 bulan sejak tanggal             2027.                                                            bunga tetap sebesar antara 6,00% - 7,60%.
         penarikan. Fasilitas tersebut akan jatuh tempo                                                                              Fasilitas tersebut akan jatuh tempo pada tanggal
         tanggal 9 Juni 2027.                                                                                                        10 Agustus 2026.

         Pada tanggal 31 Desember 2024 dan 2023,                    As of 31 December 2024 and 2023, outstanding                     Pada tanggal 31 Desember 2024 dan 2023                       As of 31 December 2024 and 2023 outstanding
         pinjaman dari PDS masing-masing sebesar                    fund borrowing from PDS are amounted to                          pinjaman dari BOII sebesar Rp277.399 dan                     fund borrowings from BOII are amounted to
         Rp366.364 dan Rp373.487.                                   Rp366,364 and Rp373,487, respectively.                           Rp443.487.                                                   Rp277,399 and Rp443,487, respectively.

         PT Bank Jtrust Indonesia Tbk.                              PT Bank Jtrust Indonesia Tbk.                                    PT Bank Shinhan Indonesia                                    PT Bank Shinhan Indonesia

         Pada tanggal 22 Februari 2022, Entitas Anak                On 22 February 2022, the Subsidiary (PT Mandiri                  Pada tanggal 31 Juli 2024, Entitas Anak                      On 31 July 2024, the Subsidiary (PT Mandiri
         (PT Mandiri Utama Finance) memperoleh                      Utama      Finance)    obtained   an     additional              (PT Mandiri Utama Finance) memperoleh fasilitas              Utama Finance) obtained Capital loan non
         tambahan fasilitas Kredit Modal Kerja non-                 non-revolving Working Capital Credit facility from               pinjaman Modal Kerja Non Revolving dari                      revolving facility from PT Bank Shinhan Indonesia.
         revolving dari PT Bank Jtrust Indonesia Tbk.               PT Bank Jtrust Indonesia Tbk. (“Jtrust”) with a                  PT Bank Shinhan Indonesia. ("Shinhan") dengan                ("Shinhan") with a maximum credit limit of
                                                                                                                                     batas maksimum kredit sebesar Rp300.000                      Rp300,000, with interest rate of 7.50%. The term
         (“Jtrust”) dengan batas maksimum kredit                    maximum credit limit of Rp200,000 with an interest               dengan tingkat suku bunga penarikan fasilitas                for drawdown the credit facility is up to 11
         sejumlah Rp200.000 dengan tingkat suku bunga               rate of 7.25% with a maximum loan tenor of 48                    sekitar 7,50%. Jangka waktu penarikan fasilitas              December 2024 with a maximum loan tenor of 48
         sebesar 7,25% dengan tenor pinjaman maksimal               (fourty eight) months from the date of withdrawal                tersebut adalah sampai dengan 11 Desember                    months from the drawdown date. This facility will
         48 (empat puluh delapan) bulan sejak tanggal               and the drawdown period for the loan facility is until           2024 dengan tenor pinjaman maksimal 48 bulan                 mature on 19 August 2028.
         penarikan dan jangka waktu penarikan fasilitas             22 February 2023. The facility will mature on                    sejak tanggal penarikan. Fasilitas tersebut akan
         kredit sampai dengan 22 Februari 2023. Fasilitas           8 September 2026.                                                jatuh tempo tanggal 19 Agustus 2028.
         tersebut akan jatuh tempo tanggal 8 September
         2026.                                                                                                                        Pada tanggal 31 Desember 2024 dan 2023,                     As of 31 December 2024 and 2023, outstanding
                                                                                                                                      pinjaman dari Shinhan masing-masing sebesar                 fund borrowing from Shinhan are amounted to
         Pada tanggal 31 Januari 2023, Entitas Anak                 On 31 January 2023, the Subsidiary (PT Mandiri                    Rp274.366 dan RpNihil.                                      Rp274,366 and RpNil, respectively.
         (PT Mandiri Utama Finance) memperoleh                      Utama Finance) obtained an additional non-
         tambahan fasilitas kredit modal kerja non-                 revolving working capital credit facility from Jrust             PT Bank BCA Syariah                                          PT Bank BCA Syariah
         revolving dari jtrust dengan batas maksimum                with a maximum credit of Rp200,000 and interest
         kredit sejumlah Rp200.000 dengan tingkat suku              rate of 6.85% - 7.00% with a maximum loan tenor                  Pada tanggal 18 November 2020, Entitas Anak                  On 18 November 2020, the Subsidiary (PT Mandiri
         bunga sebesar 6,85% - 7,00% dengan tenor                   of 48 (fourty eight) months from the withdrawal                  (PT Mandiri Utama Finance) memperoleh                        Utama Finance) received an additional Working
         pinjaman maksimal 48 (empat puluh delapan)                 date and the drawdown period for the loan facility               tambahan fasilitas pinjaman Kredit Modal Kerja               Capital Credit loan facility, bringing the total credit
         bulan sejak tanggal penarikan dan jangka waktu             is until 31 January 2024. This facility will mature on           sehingga total plafon yang diterima dari                     limit from PT Bank BCA Syariah to Rp200,000,
         penarikan fasilitas kredit sampai dengan                   17 May 2029.                                                     PT Bank BCA Syariah adalah sebesar                           with an interest rate of 9.00%. The facility will
         31 Januari 2024. Fasilitas tersebut akan jatuh                                                                              Rp200.000 dengan tingkat suku bunga 9,00%.                   mature on 5 March 2029, and the withdrawal
         tempo tanggal 17 May 2029.                                                                                                  Fasilitas tersebut akan jatuh tempo pada 5 Maret             period is until 30 September 2024.
                                                                                                                                     2029 dan jangka waktu penarikan sampai dengan
                                                                                                                                     tanggal 30 September 2024.
         Pada tanggal 31 Desember 2024 dan 2023,                     As of 31 December 2024 and 2023, outstanding
         pinjaman dari Jtrust masing-masing sebesar                  fund borrowing from Jtrust are amounted to                      Pada tanggal 31 Desember 2024 dan 2023,                      As of 31 December 2024 and 2023, the loans from
         Rp345.316 dan Rp501.487.                                    Rp345,316 and Rp501,487, respectively.                          pinjaman dari BCA Syariah masing-masing                      BCA Syariah amounted to Rp261,431 and
                                                                                                                                     sebesar Rp261.431 dan Rp224.711.                             Rp224,711, respectively.


PT BANK MANDIRI (PERSERO) TBK                        1562     283                                                                                                                        1563
                                                                                                                                                                                            284                                    ANNUAL REPORT 2024
Page 504
        FINANCIAL STATEMENTS 2024


                                         PT BANK MANDIRI (PERSERO) Tbk.
                                                                                                                                                                    PT BANK MANDIRI (PERSERO) Tbk.
                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
                                                                                                                                                               DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
                                                                                                                            CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
                                                                                                                            KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                               31 DECEMBER 2024 AND 2023
                                                                                                                            31 DESEMBER 2024 DAN 2023                                                               31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)      (Expressed in millions of Rupiah, unless otherwise stated)
                                                                                                                            (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)      (Expressed in millions of Rupiah, unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                        36. FUND BORROWINGS (continued)
                                                                                                                            36. PINJAMAN YANG DITERIMA (lanjutan)                       36. FUND BORROWINGS (continued)
     (h) Lain-lain (lanjutan)                                   (h) Others (continued)                                          (h) Lain-lain (lanjutan)                                    (h) Others (continued)
         Rupiah (lanjutan)                                          Rupiah (continued)                                               Rupiah (lanjutan)                                          Rupiah (continued)
         PT Bank BPD Daerah Istimewa Yogyakarta                     PT Bank BPD Daerah Istimewa Yogyakarta
                                                                                                                                    PT Bank KEB Hana Indonesia (lanjutan)                       PT Bank KEB Hana Indonesia (continued)
         Pada tanggal 15 Desember 2022, Entitas Anak                On 15 December 2022, the Subsidiary (PT Mandiri                 Pada tanggal 23 Desember 2024, Entitas Anak                 On 23 December 2024, the Subsidiary (PT Mandiri
         (PT Mandiri Utama Finance) dan PT Bank BPD                 Utama Finance) and PT Bank BPD Daerah                           (PT Mandiri Sekuritas) dan Bank Hana                        Sekuritas) and Bank Hana signed a credit
         Daerah Istimewa Yogyakarta (“Bank BPD DIY”)                Istimewa Yogyakarta (“Bank BPD DIY”) signed a                   menandatangani perjanjian kredit dimana Bank                agreement in which Bank Hana provided an
         menandatangani perjanjian kredit dimana Bank               credit agreement whereby Bank BPD DIY provides                  Hana memberikan tambahan fasilitas Money                    additional Money Market Line facility with a
         BPD DIY menyediakan tambahan fasilitas Kredit              an additional Working Capital Credit facility with a            Market Line dengan maksimum fasilitas sebesar               maximum amount of Rp150,000. This facility is
         Modal Kerja dengan maksimum kredit sebesar                 maximum credit of Rp100,000, which is non-                      Rp150.000 yang bersifat non-revolving dengan                non-revolving and carries an interest rate of 6.70%.
         Rp100.000, yang bersifat non-revolving dan                 revolving with interest rate of 6.80% upon                      tingkat suku bunga 6,70%. Fasilitas tersebut                The facility will mature on 3 Januari 2025.
         dikenakan tingkat suku bunga 6,80% pada saat               withdrawal. The withdrawal period for the facility is           akan jatuh tempo pada 3 Januari 2025.
         penarikan. Jangka waktu penarikan fasilitas                36 (thirty six) months from the effective date the
         adalah 36 (tiga puluh enam) bulan terhitung sejak          contract was signed. This facility will mature on               Pada tanggal 31 Desember 2024 dan 2023,                     As of 31 December 2024 and 2023, the loans from
         tanggal efektif kontrak tersebut ditandatangani.           15 December 2025.                                               pinjaman dari Bank Hana masing-masing                       Bank Hana were Rp223,764 and Rp279,783,
         Fasilitas ini akan jatuh tempo pada tanggal                                                                                sebesar Rp223.764 dan Rp279.783.                            respectively.
         15 Desember 2025.
                                                                                                                                    PT Bank Permata Tbk.                                        PT Bank Permata Tbk.
         Pada tanggal 26 April 2024, Entitas Anak                   On 26 April 2024, the Subsidiary (PT Mandiri
         (PT Mandiri Utama Finance) dan Bank BPD DIY                Utama Finance) and Bank BPD DIY signed a credit                 Pada tanggal 25 November 2020, Entitas Anak                 On 25 November 2020, the Subsidiary (PT Mandiri
         menandatangani perjanjian kredit dimana Bank               agreement whereby Bank BPD DIY provides an                      (PT Mandiri Utama Finance) dan PT Bank                      Utama Finance) and PT Bank Permata Tbk.
         BPD DIY menyediakan tambahan fasilitas Kredit              additional Working Capital Credit facility with a               Permata Tbk. (“Bank Permata”) kembali                       (“Bank Permata”) signed an additional credit
         Modal Kerja dengan maksimum kredit sebesar                 maximum credit of Rp200,000, which is non-                      menandatangani tambahan perjanjian kredit                   agreement whereby Bank Permata provides a
         Rp200.000, yang bersifat non-revolving dan                 revolving with interest rate of 7.00% upon                      dimana Bank Permata menyediakan fasilitas                   non-revolving Working Capital Credit facility with a
         dikenakan tingkat suku bunga 7,00% pada saat               withdrawal. The withdrawal period for the facility is           Kredit Modal Kerja dengan maksimum kredit                   maximum credit limit of Rp250,000 and interest
         penarikan. Jangka waktu penarikan fasilitas                36 (thirty six) months from the effective date the              sebesar Rp250.000 yang bersifat non-revolving               rate of 8.75%. The facility will mature on
         adalah 36 (tiga puluh enam) bulan terhitung sejak          contract was signed. This facility will mature on               dengan tingkat suku bunga 8,75%. Fasilitas                  14 February 2022. Term Loan facility (committed) -
         tanggal efektif kontrak tersebut ditandatangani.           2 May 2027.                                                     tersebut jatuh tempo pada tanggal 14 Februari               non-revolving has been extended again until
         Fasilitas ini akan jatuh tempo pada tanggal                                                                                2022. Pada bulan Februari 2022, jangka waktu                1 August 2027.
         2 Mei 2027.                                                                                                                fasilitas Term Loan (committed) - non-revolving
                                                                                                                                    telah diperpanjang kembali hingga 1 Agustus
         Pada tanggal 31 Desember 2024 dan 2023,                    As of 31 December 2024 and 2023, outstanding                    2027.
         pinjaman dari Bank BPD DIY masing-masing                   fund borrowings from Bank BPD DIY are amounted
         sebesar Rp250.824 dan Rp159.458.                           to Rp250,824 and Rp159,458, respectively.                       Pada tanggal 16 Juni 2022, Entitas Anak                     On 16 June 2022, the Subsidiary (PT Mandiri
                                                                                                                                    (PT Mandiri Tunas Finance) dan Bank Permata                 Tunas Finance) and Bank Permata signed loan
         PT Bank Maspion Tbk.                                       PT Bank Maspion Tbk.                                            menandatangani perjanjian kredit dimana Bank                agreement which Bank Permata provides a
                                                                                                                                    Permata menyediakan fasilitas Kredit Modal                  Working Capital Loan facility with a maximum
         Pada tanggal 18 September 2023, Entitas Anak               On 18 September            2023,    the Subsidiary              Kerja dengan maksimum kredit sebesar                        credit limit of Rp400,000 which is non-revolving
         (PT Mandiri Tunas Finance) dan Bank Maspion                (PT Mandiri Tunas Finance) and Bank Maspion                     Rp400.000 yang bersifat non-revolving dengan                with an interest rate of between 6.00% - 7.60%.
         (“Maspion”) menandatangani perjanjian fasilitas            (“Maspion”) signed a Fixed Loan Sliding                         tingkat suku bunga antara 6,00% - 7,60%.                    This facility will mature on 16 June 2022. On
         Pinjaman Modal Kerja Fixed Loan Sliding dengan             Installment     Working     Capital  Loan    facility           Fasilitas tersebut jatuh tempo pada tanggal                 16 June 2022, the term of the Term Loan facility
         batas maksimum kredit sejumlah Rp300.000.                  agreement with a maximum credit limit of                        16 Juni 2022. Pada tanggal 16 Juni 2022, jangka             (committed) - non-revolving has been extended
         Fasilitas tersebut akan jatuh tempo tanggal                Rp300,000. The facility will mature on 4 April 2027             waktu fasilitas Term Loan (committed) - non-                again until 16 June 2025.
         4 April 2027 dengan tingkat suku bunga 6,75%.              with interest rate of 6.75%.                                    revolving telah diperpanjang kembali hingga
                                                                                                                                    16 Juni 2025.
         Pada tanggal 31 Desember 2024 dan 2023,                    As of 31 December 2024 and 2023, the
                                                                                                                                    Pada tanggal 10 Juni 2024, Entitas Anak                     On 10 June 2024, the Subsidiary (PT Mandiri
         pinjaman dari Maspion masing-masing sebesar                outstanding fund borrowing from Maspion are
                                                                                                                                    (PT Mandiri Utama Finance) dan Bank Permata                 Utama Finance) and Bank Permata signed an
         Rp232.897 dan RpNihil.                                     amounted to Rp232,897 and RpNil, respectively.
                                                                                                                                    kembali menandatangani tambahan perjanjian                  additional credit agreement whereby Bank
                                                                                                                                    kredit dimana Bank Permata menyediakan                      Permata provides a non-revolving Working Capital
         PT Bank KEB Hana Indonesia                                 PT Bank KEB Hana Indonesia
                                                                                                                                    fasilitas Kredit Modal Kerja dengan maksimum                Credit facility with a maximum credit limit of
                                                                                                                                    kredit sebesar Rp500.000 yang bersifat non-                 Rp500,000 and interest rate of 8.75%. The facility
         Pada tanggal 29 Mei 2023, Entitas Anak                     On 29 May 2023, the Subsidiary (PT Mandiri                      revolving dengan tingkat suku bunga 8,75%.                  will mature on 10 March 2025.
         (PT Mandiri Utama Finance) dan Bank Hana                   Utama Finance) and Bank Hana signed a credit                    Fasilitas tersebut jatuh tempo pada tanggal
         menandatangani perjanjian kredit dimana Bank               agreement in which Bank Hana provided an                        10 Maret 2025.
         Hana memberikan tambahan fasilitas Kredit                  additional Working Capital Credit facility with a
         Modal Kerja dengan maksimum fasilitas sebesar              maximum amount of Rp200,000. This facility is                   Pada tanggal 31 Desember 2024 dan 2023,                     As of 31 December 2024 and 2023, outstanding
         Rp200.000 yang bersifat non-revolving dengan               non-revolving and carries an interest rate of 7.25%.            pinjaman dari Bank Permata masing-masing                    fund borrowings from Bank Permata was
         tingkat suku bunga 7,25%. Fasilitas tersebut               The facility will mature on 20 June 2027.                       sebesar Rp218.139 dan Rp568.383.                            amounted to Rp218,139 and Rp568,383,
         akan jatuh tempo pada 20 Juni 2027.                                                                                                                                                    respectively



PT BANK MANDIRI (PERSERO) TBK                        1564     285                                                                                                                      1565
                                                                                                                                                                                          286
                                                                                                                                                                                                                              ANNUAL REPORT 2024
Page 505
        FINANCIAL STATEMENTS 2024



                                         PT BANK MANDIRI (PERSERO) Tbk.                                                                                              PT BANK MANDIRI (PERSERO) Tbk.
                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED             CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS           KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023          31 DESEMBER 2024 DAN 2023                                                                31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)        (Expressed in millions of Rupiah, unless otherwise stated)   (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)       (Expressed in millions of Rupiah, unless otherwise stated)


36. PINJAMAN YANG DITERIMA (lanjutan)                          36. FUND BORROWINGS (continued)                               36. PINJAMAN YANG DITERIMA (lanjutan)                        36. FUND BORROWINGS (continued)

     (h) Lain-lain (lanjutan)                                     (h) Others (continued)                                         (h) Lain-lain (lanjutan)                                     (h) Others (continued)

         Rupiah (lanjutan)                                            Rupiah (continued)                                              Rupiah (lanjutan)                                           Rupiah (continued)
         PT Bank UOB Indonesia                                        PT Bank UOB Indonesia
                                                                                                                                      PT Bank Bumi Arta Tbk. (lanjutan)                           PT Bank Bumi Arta Tbk. (continued)
         Pada tanggal 23 November 2021, Entitas Anak                  On 23 November 2021, the Subsidiary (PT Mandiri
         (PT Mandiri Tunas Finance) dan Bank UOB                      Tunas Finance) and Bank UOB Indonesia (“UOB”)                   Pada tanggal 31 Desember 2024 dan 2023,                     As of 31 December 2024 and 2023, outstanding
         Indonesia (“UOB”) menandatangani perjanjian                  signed loan agreement which UOB provides a                      pinjaman dari Bank Arta masing-masing sebesar               fund borrowings from Bank Arta are amounted to
         kredit dimana UOB menyediakan fasilitas Kredit               Working Capital Loan facility with a maximum                    Rp190.457 dan RpNihil.                                      Rp190,457 and RpNil, respectively.
         Modal Kerja dengan maksimum kredit sebesar                   credit limit of Rp600,000 which is non-revolving
         Rp600.000 yang bersifat non-revolving dengan                 with an interest rate of 6.35%. This facility will
         tingkat suku bunga antara 6,35%. Fasilitas                   mature on 29 May 2025.                                          PT Bank Muamalat Indonesia Tbk.                             PT Bank Muamalat Indonesia Tbk.
         tersebut    jatuh  tempo     pada      tanggal
         29 Mei 2025.                                                                                                                 Pada tanggal 29 September 2023, Entitas Anak                On 29 September 2023, the Subsidiary
                                                                                                                                      (PT Mandiri Utama Finance) memperoleh fasilitas             (PT Mandiri Utama Finance) and PT Bank
         Pada tanggal 31 Desember 2024 dan 2023,                      As of 31 December 2024 and 2023, outstanding                    pinjaman Executing dari PT Bank Muamalat                    Muamalat Indonesia Tbk (“Bank Muamalat”)
         pinjaman dari UOB masing-masing sebesar                      fund borrowings from UOB are amounted to                        Indonesia Tbk ("Bank Muamalat") dengan batas                signed a credit agreement where by Bank
         Rp204.114 dan Rp337.082.                                     Rp204,114 and Rp337,082, respectively.
                                                                                                                                      maksimum kredit sebesar Rp600.000 dengan                    Muamalat provides an additional Executing Credit
         PT Bank SMBC Indonesia Tbk.                                  PT Bank SMBC Indonesia Tbk.                                     nisbah bagi hasil ditentukan saat penarikan                 facility with a maximum credit of Rp600,000. The
                                                                                                                                      fasilitas. Jangka waktu penarikan fasilitas                 withdrawal period for the facility            until
         Pada tanggal 24 Mei 2021 dan terakhir                        On 24 May 2021, and last extended on 24 May                     tersebut adalah sampai dengan 29 September                  29 September 2024 with tenor of 48 (fourty eight)
         diperpanjang pada tanggal 24 Mei 2023, Entitas               2023, the Subsidiary (PT Mandiri Tunas Finance)                 2024 dengan tenor pinjaman maksimal 48 (empat               months from the effective date the contract was
         Anak (PT Mandiri Tunas Finance) mendapat                     obtained a revolving Loan on Note facility from                 puluh delapan) bulan sejak tanggal penarikan.               signed. This facility will mature on 29 September
         fasilitas Loan on Note yang bersifat revolving dari          PT Bank SMBC Indonesia Tbk ("SMBC") with a                      Fasilitas ini akan jatuh tempo pada tanggal                 2028.
         PT Bank SMBC Indonesia Tbk (“SMBC”)                          total facility amount of Rp300,000. The first
                                                                                                                                      29 September 2028.
         sehingga total keseluruhan fasilitas Loan on Note            withdrawal was made on 28 April 2023. The facility
         sebesar      Rp300.000.    penarikan      pertama            has been extended until 30 April 2025.
         dilakukan pada tanggal 28 April 2023. Fasilitas                                                                              Pada tanggal 31 Desember 2024 dan 2023,                     As of 31 December 2024 and 2023, outstanding
         tersebut diperpanjang sampai dengan tanggal                                                                                  pinjaman dari Bank Muamalat masing-masing                   fund borrowings from Bank Muamalat are
         30 April 2025.                                                                                                               sebesar Rp176.791 dan Rp117.834.                            amounted to Rp176,791 and Rp117,834,
                                                                                                                                                                                                  respectively.
         Pada tahun 2023, Entitas Anak (PT Mandiri                    On 2023, the Subsidiary (PT Mandiri Sekuritas)
         Sekuritas) telah menandatangani Perjanjian                   has signed a Credit Agreement with SMBC.SMBC
         Kredit dengan SMBC. SMBC memberikan                          provides loan on Note facility of Rp225,000 or the              PT Bank Oke Indonesia Tbk.                                  PT Bank Oke Indonesia Tbk.
         fasilitas Loan on Note sebesar Rp225.000 atau                equivalent in USD currency with a maximum USD
         setara dalam mata uang USD dengan maksimum                   currency of 90% of the limit and a Bank Guarantee               Pada tanggal 23 Maret 2022, Entitas Anak                    On 23 March 2022, the Subsidiary (PT Mandiri
         valuta USD sebesar 90% dari limit dan Bank                   of Rp100,000. The maximum combined value limit                  (PT Mandiri Utama Finance) dan PT Bank Oke                  Utama Finance) and PT Bank Oke Indonesia Tbk.
         Garansi sebesar Rp100.000. Adapun batas nilai                for Loan on Note and Bank Guarantee facilities is               Indonesia Tbk. (“OK Bank”) menandatangani                   (“OK Bank”) signed a non-revolving working capital
         gabungan maksimum atas fasilitas Loan on Note                Rp225,000 with interest rate of 5.95%. This facility            perjanjian fasilitas pinjaman modal kerja non-              loan facility agreement with a maximum credit limit
         dan Bank Garansi adalah sebesar Rp225.000                    has extended is valid until 31 Oktober 2025.
                                                                                                                                      revolving dengan batas maksimum kredit                      of Rp200,000 which bears an interest rate of
         dengan tingkat suku bunga sebesar 5,95%.
         Fasilitas ini telah diperpanjang sampai dengan                                                                               sejumlah Rp200.000 yang dikenakan tingkat                   7.00% per annum. The term for withdrawing the
         31 Oktober 2025.                                                                                                             suku bunga 7,00% per tahun. Jangka waktu                    credit facility is up to 22 December 2022 with a
                                                                                                                                      penarikan fasilitas kredit adalah sampai dengan             maximum loan tenor of 48 (fourty eight) months
         Pada tanggal 31 Desember 2024 dan 2023,                      As of 31 December 2024 and 2023, outstanding                    22 Desember 2022 dengan tenor pinjaman                      from the drawdown date. The facility will mature on
         pinjaman dari SMBC masing-masing sebesar                     fund borrowings from SMBC are amounted to                       maksimal 48 (empat puluh delapan) bulan sejak               7 October 2026.
         Rp200.000 dan Rp250.000.                                     Rp200,000 and Rp250,000 respectively.                           tanggal penarikan. Fasilitas tersebut akan jatuh
                                                                                                                                      tempo tanggal 7 Oktober 2026.
         PT Bank Bumi Arta Tbk.                                       PT Bank Bumi Arta Tbk.

         Pada tanggal 13 Agustus 2024, Entitas Anak                   On 13 August 2024, the Subsidiary (PT Mandiri                   Pada tanggal 6 Juni 2022, Entitas Anak                      On 6 June 2022, the Subsidiary (PT Mandiri
         (PT Mandiri Utama Finance) dan PT Bank Bumi                  Utama Finance) and PT Bank Bumi Arta Tbk.                       (PT Mandiri Tunas Finance) dan OK Bank                      Tunas Finance) and OK Bank signed a non-
         Arta Tbk. (“Bank Arta”) menandatangani                       (“Bank Arta”) signed a credit agreement whereby                 menandatangani perjanjian fasilitas Pinjaman                revolving Installment Working Capital Loan facility
         perjanjian kredit dimana Bank Arta menyediakan               Bank Arta provides a non-revolving Working                      Modal Kerja Installment non-revolving dengan                agreement with a maximum credit limit of
         fasilitas Kredit Modal Kerja dengan maksimum                 Capital Credit facility with a maximum credit of
                                                                                                                                      batas maksimum kredit sejumlah Rp500.000.                   Rp500,000. The facility will mature on 15 June
         kredit sebesar Rp200.000 yang bersifat non-                  Rp200,000 and bears an interest rate of 7.00%-
         revolving dan dikenakan tingkat suku bunga                   7.25%. The facility will mature on 13 February                  Fasilitas tersebut akan jatuh tempo tanggal                 2025 with interest rate of 6.00% - 7.60%.
         7,00%-7,25%. Fasilitas tersebut akan jatuh                   2029.                                                           15 Juni 2025 dengan tingkat suku bunga antara
         tempo pada tanggal 13 Februari 2029.                                                                                         6,00% - 7,60%.



PT BANK MANDIRI (PERSERO) TBK                         1566      287
                                                                                                                                                                                         1567
                                                                                                                                                                                            288                                 ANNUAL REPORT 2024
Page 506
        FINANCIAL STATEMENTS 2024


                                         PT BANK MANDIRI (PERSERO) Tbk.                                                                                                PT BANK MANDIRI (PERSERO) Tbk.
                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED               CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS             KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                31 DECEMBER 2024 AND 2023            31 DESEMBER 2024 DAN 2023                                                                  31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)       (Expressed in millions of Rupiah, unless otherwise stated)     (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)         (Expressed in millions of Rupiah, unless otherwise stated)

                                                                                                                              36. PINJAMAN YANG DITERIMA (lanjutan)                          36. FUND BORROWINGS (continued)
36. PINJAMAN YANG DITERIMA (lanjutan)                         36. FUND BORROWINGS (continued)
                                                                                                                                  (h) Lain-lain (lanjutan)                                       (h) Others (continued)
     (h) Lain-lain (lanjutan)                                    (h) Others (continued)
                                                                                                                                       Rupiah (lanjutan)                                             Rupiah (continued)
         Rupiah (lanjutan)                                           Rupiah (continued)
                                                                                                                                       PT Bank Victoria International Tbk.                           PT Bank Victoria International Tbk.
         PT Bank Oke Indonesia Tbk. (lanjutan)                       PT Bank Oke Indonesia Tbk. (continued)                            Pada tanggal 23 Juni 2021, Entitas Anak                       On 23 June 2021, the Subsidiary (PT Mandiri
                                                                                                                                       (PT Mandiri Utama Finance) memperoleh fasilitas               Utama Finance) obtained a Money Market Line
         Pada tanggal 31 Desember 2024 dan 2023,                     As of 31 December 2024 and 2023, the                              pinjaman Money Market Line dari PT Bank                       loan facility from PT Bank Victoria Internasional
         pinjaman dari OK Bank masing-masing sebesar                 outstanding fund borrowing from OK Bank are                       Victoria Internasional Tbk. (“Bank Victoria”)                 Tbk (“Bank Victoria”) with a maximum credit limit of
                                                                                                                                       dengan batas maksimum kredit sejumlah                         Rp250,000 with an interest rate that follows the
         Rp167.648 dan Rp388.874.                                    amounted to Rp167,648 and Rp388,874,                              Rp250.000 dengan tingkat suku bunga mengikuti                 prevailings market interest rates. This facility
                                                                     respectively.                                                     suku bunga pasar yang berlaku. Fasilitas ini jatuh            matures on 23 June 2022. Regarding the
                                                                                                                                       tempo pada 23 Juni 2022. Atas fasilitas Money                 expiration of Money Market Line Facility, an
         PT Bank Resona Perdania                                     PT Bank Resona Perdania                                           Market Line yang jatuh tempo tersebut telah di                addendum has been made, the maturity becomes
                                                                                                                                       addendum, sehingga jatuh temponya menjadi                     23 June 2023 with a reduction in the maximum
                                                                                                                                       23 Juni 2023 dengan penurunan batas                           credit limit to Rp150,000 with an interest rate
         Pada tanggal 25 Februari 2021, Entitas Anak                 On 25 February 2021, the Subsidiary (PT Mandiri                   maksimum kredit menjadi sejumlah Rp150.000                    following the prevailing market interest rate around
         (PT Mandiri Utama Finance) dan PT Bank                      Utama Finance) and PT Bank Resona Perdania                        yang mempunyai tingkat suku bunga mengikuti                   5.50% - 6.66%.
         Resona        Perdania      (“Bank     Resona”)             (“Bank Resona”) signed a credit agreement                         suku bunga pasar yang berlaku sekitar 5,50% -
         menandatangani perjanjian kredit dimana Bank                whereby Bank Resona provides a non-revolving                      6,66%.
         Resona menyediakan fasilitas Kredit Modal Kerja             Working Capital Credit facility with a maximum
                                                                                                                                       Pada tanggal 20 Juli 2023, Entitas Anak                       On 20 July 2023, the Subsidiary (PT Mandiri
         dengan maksimum kredit sebesar Rp200.000                    credit of Rp200,000 and bears an interest rate of                 (PT Mandiri Utama Finance) menandatangani                     Utama Finance) signed an extension of the Money
         yang bersifat non-revolving dan dikenakan tingkat           8.8%. The facility will mature on 1 July 2027.                    perpanjangan fasilitas pinjaman Money Market                  Market Line loan facility from Bank Victoria, so that
         suku bunga 8,8%. Fasilitas tersebut akan jatuh                                                                                Line dari Bank Victoria, sehingga jatuh tempo                 the maturity of the facility becomes 24 June 2024
         tempo pada tanggal 1 Juli 2027.                                                                                               fasilitasnya menjadi 24 Juni 2024 dan sudah                   and has been extended until 24 July 2024 with
                                                                                                                                       perpanjang hingga 24 Juli 2024 dengan tingkat                 interest rates following the prevailing interest rates.
                                                                                                                                       suku bunga mengikuti tingkat suku bunga yang                  This facility will mature on 24 July 2024 and has
         Pada tanggal 31 Desember 2024 dan 2023,                     As of 31 December 2024 and 2023, outstanding                      berlaku. Pinjaman tersebut akan jatuh tempo                   been extended again until 24 June 2025.
         pinjaman dari Bank Resona masing-masing                     fund borrowings from Bank Resona are amounted                     pada tanggal 24 Juli 2024 dan sudah di
         sebesar Rp166.312 dan RpNihil.                              to Rp166,312 and RpNil, respectively.                             perpanjang kembali hingga 24 Juni 2025.

         PT Bank CTBC                                                PT Bank CTBC                                                      Pada tanggal 31 Desember 2024 dan 2023,                       As of 31 December 2024 and 2023, oustanding
                                                                                                                                       pinjaman dari Bank Victoria masing-masing                     fund borrowings from Bank Victoria are Rp149,711
                                                                                                                                       sebesar Rp149.711 dan Rp65.580.                               and Rp65,580 respectively.
         Pada tanggal 11 September 2024, Entitas Anak                On 11 September 2024, the Subsidiary (PT
         (PT     Mandiri    Utama     Finance)       telah           Mandiri Utama Finance) has signed a credit facility               PT Sea Bank Indonesia.                                        PT Sea Bank Indonesia.
         menandatangani perjanjian fasilitas kredit Money            agreement Money Market Line with PT Bank
         Market Line dengan PT Bank CTBC (“CTBC”)                    CTBC ("CTBC") where the facility provided will                    Pada tanggal 13 Agustus 2024, Entitas Anak                    On 13 Agustus 2024, the Subsidiary (PT Mandiri
                                                                                                                                       (PT Mandiri Utama Finance) dan PT Bank                        Utama Finance) has signed a credit facility
         dimana fasilitas yang diberikan akan berakhir               mature on 13 February 2025. The facility provided                 Seabank Indonesia ("SeaBank") menandatangani                  agreement Money Market Line with PT Sea Bank
         tanggal 13 Februari 2025. Fasilitas yang                    by CTBC is amounted to Rp150,000. The interest,                   perjanjian fasilitas pinjaman modal kerja non                 Indonesia ("SeaBank") with a maximum credit limit
         diberikan CTBC sebesar Rp150.000. sesuai suku               according to the market interest rate in effect at the            revolving dengan batas maksimum kredit                        of IDR 500,000, subject to an interest rate of 7.2%.
         bunga pasar yang berlaku pada saat penarikan                time of the term promissory loan withdrawal.                      sejumlah Rp500.000 yang dikenakan tingkat                     The credit facility withdrawal period is valid until
         pinjaman.                                                                                                                     suku bunga 7.2%. Jangka waktu penarikan                       1 May 2025, with a maximum loan tenure of
                                                                                                                                       fasilitas kredit adalah sampai dengan 01 Mei                  48 months from the withdrawal date. This facility
                                                                                                                                       2025 dengan tenor pinjaman maksimal 48 bulan                  will mature on 1 November 2028.
         Pada tanggal 31 Desember 2024 dan 2023,                     As of 31 December 2024 and 2023, oustanding                       sejak tanggal penarikan. Fasilitas ini akan jatuh
         pinjaman dari CTBC masing-masing sebesar                    fund borrowings from CTBC are Rp150,000 and                       tempo pada tanggal 1 November 2028.
         Rp150.000 dan Rp49.994.                                     Rp49,994 respectively.
                                                                                                                                       Pada tanggal 31 Desember 2024 dan 2023,                       As of 31 December 2024 and 2023, oustanding
                                                                                                                                       pinjaman dari SeaBank masing-masing sebesar                   fund borrowings from SeaBank are Rp148,706 and
         PT Bank Victoria International Tbk.                         PT Bank Victoria International Tbk.                               Rp148.706 dan RpNihil.                                        RpNil, respectively.

         Pada tanggal 23 Juni 2021, Entitas Anak                                                                                       PT Bank DKI Syariah                                           PT Bank DKI Syariah
         (PT Mandiri Utama Finance) memperoleh fasilitas             On 23 June 2021, the Subsidiary (PT Mandiri
         pinjaman Money Market Line dari PT Bank                     Utama Finance) obtained a Money Market Line                       Pada tanggal 15 Desember 2021, Entitas Anak                   On 15 December 2021, the Subsidiary (PT Mandiri
                                                                                                                                       (PT Mandiri Tunas Finance) dan PT Bank DKI                    Tunas Finance) and PT Bank DKI (“Bank DKI”)
         Victoria Internasional Tbk. ("Bank Victoria")               loan facility from PT Bank Victoria Internasional                 (“Bank DKI”) menandatangani perjanjian kredit                 signed a credit agreement where Bank DKI
         dengan batas maksimum kredit sejumlah                       Tbk ("Bank Victoria") with a maximum credit limit                 dimana Bank DKI menyediakan fasilitas Kredit                  provided an Executing Working Capital Loan
         Rp250.000 dengan tingkat suku bunga mengikuti               of Rp250,000 with an interest rate that follows the               Modal Kerja Executing - Term Loan dengan total                facility - Term Loan Facility with a total facility of
         suku bunga pasar yang berlaku. Fasilitas ini jatuh          prevailings market interest rates. This facility                  fasilitas sebesar Rp500.000 yang bersifat                     Rp500,000 which is non-revolving. These facilities
         tempo pada 23 Juni 2022. Atas fasilitas Money               matures on 23 June 2022. Regarding the                            non-revolving. Fasilitas tersebut memiliki jatuh              have various maturities and range between
                                                                                                                                       tempo yang beragam dan berkisar antara bulan                  December 2024 to March 2025 with fixed interest
         Market Line yang jatuh tempo tersebut telah di              expiration of Money Market Line Facility, an                      Desember 2024 sampai dengan bulan Maret                       rate ranging from 6.00% - 7.60%.
         addendum, sehingga jatuh temponya menjadi                   addendum has been made, the maturity becomes                      2025 dengan tingkat suku bunga tetap berkisar
         23 Juni 2023 dengan penurunan batas                         23 June 2023 with a reduction in the maximum                      antara 6,00% - 7,60%.
         maksimum kredit menjadi sejumlah Rp150.000                  credit limit to Rp150,000 with an interest rate
         yang mempunyai tingkat suku bunga mengikuti                 following the prevailing market interest rate around              Pada tanggal 31 Desember 2024 dan 2023,                       As of 31 December 2024 and 2023, outstanding
                                                                                                                                       pinjaman dari   DKI Syariah masing-masing                     fund borrowings from DKI Syariah was amounted
         suku bunga pasar yang berlaku sekitar 5,50% -               5.50% - 6.66%.                                                    sebesar Rp109.657 dan Rp24.937.                               to Rp109,657 and Rp24,937 respectively.
         6,66%.



PT BANK MANDIRI (PERSERO) TBK                        1568      289                                                                                                                          1569
                                                                                                                                                                                               290                                   ANNUAL REPORT 2024
Page 507
        FINANCIAL STATEMENTS 2024


                                         PT BANK MANDIRI (PERSERO) Tbk.                                                                                              PT BANK MANDIRI (PERSERO) Tbk.
                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED             CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS           KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                              31 DECEMBER 2024 AND 2023          31 DESEMBER 2024 DAN 2023                                                                    31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)     (Expressed in millions of Rupiah, unless otherwise stated)   (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                       36. FUND BORROWINGS (continued)                               36. PINJAMAN YANG DITERIMA (lanjutan)                            36. FUND BORROWINGS (continued)

     (h) Lain-lain (lanjutan)                                  (h) Others (continued)                                         (h) Lain-lain (lanjutan)                                         (h) Others (continued)
                                                                                                                                   Mata uang asing (lanjutan)                                      Foreign currencies (continued)
         Rupiah (lanjutan)                                         Rupiah (continued)
                                                                                                                                   PT Bank Mizuho Indonesia                                        PT Bank Mizuho Indonesia
         PT Standard Chartered                                     PT Standard Chartered
                                                                                                                                   Pada tanggal 8 April 2022, Entitas Anak                         On 8 April 2022, the Subsidiary (PT Mandiri Tunas
         Pada tanggal 1 Desember 2020, Entitas Anak                On 1 December 2020, the Subsidiary (PT Mandiri                  (PT Mandiri Tunas Finance) dan PT Bank Mizuho                   Finance) and PT Bank Mizuho Indonesia
         (PT Mandiri Sekuritas) dan PT Standard                    Sekuritas)      and   PT    Standard     Chartered              Indonesia (“Mizuho”) menandatangani perjanjian                  (“Mizuho”) signed a loan agreement amounted to
         Chartered     ("Standchart")     menandatangani           ("Standchart") signed a non-revolving working                   kredit sebesar USD50.000.000 (nilai penuh) yang                 USD50,000,000 (full amount) which is non-
         perjanjian fasilitas pinjaman modal kerja non             capital loan facility agreement with a maximum                  bersifat   non-revolving.   Penarikan   fasilitas               revolving facility. The drawdown loan facility was
         revolving dengan batas maksimum kredit                    credit limit of IDR 225,000, subject to an interest             dilakukan pada tanggal 13 Februari 2023 dengan                  made on 13 February 2023 with a tenor of 3 (three)
                                                                                                                                   tenor 3 (tiga) tahun dan dikenakan tingkat suku                 years and bears a fixed interest rate of 6.98%
         sejumlah Rp225.000 yang dikenakan tingkat                 rate of 6.20%. This facility will mature on                     bunga tetap 6,98% dengan lindung nilai penuh.                   which fully hedged. This facility will mature on
         suku bunga 6,20%. Fasilitas ini akan jatuh tempo          3 January 2025..                                                Fasilitas tersebut jatuh tempo pada tanggal                     13 February 2026.
         pada tanggal 3 Januari 2025.                                                                                              13 Februari 2026.
         Pada tanggal 31 Desember 2024 dan 2023,                   As of 31 December 2024 and 2023, oustanding                     Pada tanggal 31 Desember 2024 dan 2023,                         As of 31 December 2024 and 2023, outstanding
         pinjaman dari Standchart masing-masing sebesar            fund borrowings from Standchart are Rp100,000                   pinjaman dari Mizuho masing-masing sebesar                      fund borrowings from Mizuho was amounted to
         Rp100.000 dan RpNihil.                                    and RpNil, respectively.                                        Rp336.458 dan Rp577.302.                                        Rp336,458 and Rp577,302, respectively.

         PT Bank Mega Tbk.                                         PT Bank Mega Tbk.                                               MUFG Bank, Ltd., Singapura                                      MUFG Bank, Ltd., Singapore
                                                                                                                                   Pada tanggal 13 April 2022, Entitas Anak                        On 13 April 2022, Subsidiary (PT Mandiri Tunas
         Pada tanggal 25 Februari 2021, Entitas Anak               On 25 February 2021, the Subsidiary (PT Mandiri                 (PT Mandiri Tunas Finance) dan MUFG Bank                        Finance) and MUFG Bank Ltd., Singapore
         (PT Mandiri Utama Finance) dan PT Bank Mega               Utama Finance) and PT Bank Mega Tbk. (“Bank                     Ltd., Singapura (“MUFG”) menandatangani                         (“MUFG”) signed a loan agreement whereby
         Tbk. (“Bank Mega”) menandatangani perjanjian              Mega”) signed a credit agreement whereby Bank                   perjanjian pinjaman dimana MUFG menyediakan                     MUFG provides an Uncommitted Long-Term
         kredit dimana Bank Mega menyediakan fasilitas             Mega provides a non-revolving Working Capital                   fasilitas Uncommitted Long-Term Loan/Money                      Loan/Money Market Line facility with a total limit of
         Kredit Modal Kerja dengan maksimum kredit                 Credit facility with a maximum credit of                        Market Line dengan total maksimum kredit                        Rp409,459 which is revolving and bears a fixed
         sebesar Rp1.000.000 yang bersifat non-revolving           Rp1,000,000 and bears an interest rate of 8.75%.                sebesar Rp409.459 yang bersifat revolving dan                   interest rate of USD-SOFR+1.08%-1.20% per
         dan dikenakan tingkat suku bunga 8,75%.                   The facility will mature on 25 February 2025.                   dikenakan tingkat suku bunga tetap sebesar                      annum upon drawdown. This facility will matures
         Fasilitas tersebut akan jatuh tempo pada tanggal                                                                          USD-SOFR+1,08%-1,20% per tahun pada saat                        on 11 April 2025.
         25 Februari 2025.                                                                                                         penarikan. Fasilitas tersebut jatuh tempo pada
                                                                                                                                   tanggal 11 April 2025.
         Pada tanggal 31 Desember 2024 dan 2023,                   As of 31 December 2024 and 2023, outstanding                    Pada tanggal 31 Desember 2024 dan 2023,                         As of 31 December 2024 and 2023, outstanding
         pinjaman dari Bank Mega masing-masing                     fund borrowings from Bank Mega are amounted to                  pinjaman dari MUFG masing-masing sebesar                        fund borrowings from MUFG was amounted to
         sebesar Rp54.149 dan Rp216.461.                           Rp54,149 and Rp216,461, respectively.                           Rp76.770 dan Rp219.678.                                         Rp76,770 and Rp219,678, respectively.
         Mata uang asing                                           Foreign currencies                                             The Development Bank of Singapore Limited                        The Development Bank of Singapore Limited

         PT Bank Danamon Indonesia Tbk.                            PT Bank Danamon Indonesia Tbk.                                  Pada tanggal 20 Maret 2020, Entitas Anak                        On 20 March 2020, the Subsidiary (PT Mandiri
                                                                                                                                   (PT Mandiri Sekuritas) dan The Development                      Sekuritas) and The Development Bank of
         Pada tanggal 13 November 2023, Entitas Anak               On 13 November 2023, the Subsidiary                             Bank      of   Singapore      Limited      (“DBS”)              Singapore Limited (“DBS”) signed an additional
                                                                                                                                   menandatangani penambahan fasilitas perjanjian                  Working Capital Loan facility amounted to
         (PT Mandiri Tunas Finance) mendapat fasilitas             (PT Mandiri Tunas Finance) received an revolving                Kredit Modal Kerja sebesar USD7.500.000 (nilai                  USD7,500,000 (full amount) with fixed interest rate
         Term Loan yang bersifat revolving dari PT Bank            Term Loan facility from PT Bank Danamon                         penuh) dengan bunga tetap sebesar 7,24% pada                    of 7.24% at the loan drawdown period. This facility
         Danamon Indonesia Tbk. (“Danamon”) sebesar                Indonesia Tbk. (“Danamon”) so that the total                    saat periode penarikan kredit. Fasilitas ini ditarik            has first withdrawn on December 2019 and have
         Rp1.500.000 dengan suku bunga 6,00% - 7,60%               Working Capital Loan facility and received non-                 pertama kali pada bulan Desember 2019 dan                       no maturity date which the facility will mature when
         pada saat penarikan serta jatuh tempo pada                revolving Term Loan facilities of Rp1,500,000 with              tidak memiliki jatuh tempo, dimana fasilitas                    the Subsidiary or DBS decided to terminate the
         tanggal 31 Desember 2024 dan 28 Februari                  an interest rate of 6.00% - 7.60% on drawdown                   tersebut akan berlaku hingga pihak Entitas Anak                 agreement.
         2027.                                                     and will mature on 31 December 2024 and                         atau DBS menyatakan berakhirnya fasilitas
                                                                   28 February 2027.                                               tersebut.

         Pada tanggal 31 Desember 2024 dan 2023,                   As of 31 December 2024 and 2023, outstanding                    Pada tanggal 31 Desember 2024 dan 2023,                         As of 31 December 2024 and 2023, outstanding
                                                                                                                                   pinjaman dari DBS masing-masing sebesar                         fund borrowings from DBS amounted to Rp48,486
         pinjaman dari Danamon masing-masing sebesar               fund borrowings from Danamon was amounted to                    ekuivalen Rp48.486 dan RpNihil.                                 and RpNil, respectively.
         Rp1.168.865 dan RpNihil.                                  Rp1,168,865 and RpNil, respectively.
                                                                                                                                   Pinjaman yang diterima oleh PT Mandiri Tunas                    Fund borrowings from PT Mandiri Tunas Finance
         PT Bank Permata Indonesia Tbk.                            PT Bank Permata Indonesia Tbk.                                  Finance dan PT Mandiri Utama Finance dijamin                    and PT Mandiri Utama Finance are secured by
                                                                                                                                   dengan piutang pembiayaan konsumen sejumlah                     consumer financing receivables amounting to
         Pada tanggal 12 April 2023, Entitas anak                  On      12    April    2023,      the   Subsidiary              Rp23.464.134 pada tanggal 31 Desember 2024                      Rp23,464,134 as of 31 December 2024
         (PT Mandiri Tunas Finance) mendapat fasilitas             (PT Mandiri Tunas Finance) received an revolving                (2023: Rp18.002.436) (Catatan 13e) dan                          (2023: Rp18,002,436) (Note 13e) and net
         Term Loan yang bersifat non-revolving dari                Term Loan facility from PT Bank Permata                         investasi bersih dalam sewa pembiayaan                          investment in finance leases amounted to
         PT Bank Permata Indonesia Tbk. (“Permata”)                Indonesia Tbk. (“Permata”) so that the total                    sejumlah     Rp1.583.867     pada     tanggal                   Rp1,583,867 as of 31 December 2024 (2023:
                                                                                                                                   31 Desember 2024 (2023: Rp874.859) (Catatan                     Rp874,859) (Note 14e).
         sebesar Rp1.200.000 dengan suku bunga 6,00%               Working Capital Loan facility and received non-                 14e).
         - 7,60% pada saat penarikan, serta jatuh tempo            revolving Term Loan facilities of Rp1,200,000 with
         pada tanggal 14 Agustus 2027.                             an interest rate of 6.00% - 7.60% on drawdown                   Fasilitas pinjaman dari beberapa bank dan bank                  The loan facilities from several banks and
                                                                   and will mature on 14 August 2027.                              sindikasi tersebut mensyaratkan Entitas Anak                    syndication banks require Subsidiaries to provide
                                                                                                                                   untuk memberikan pemberitahuan tertulis dalam                   written notices in terms of dividend distribution,
         Pada tanggal 31 Desember 2024 dan 2023,                   As of 31 December 2024 and 2023, outstanding                    hal pembagian dividen, perubahan modal dan                      changes in capital and shareholders, changes in
         pinjaman dari Permata masing-masing sebesar               fund borrowings from Permata was amounted to                    pemegang saham, perubahan susunan direksi                       the composition of the board of directors and
         Rp656.838 dan RpNihil.                                    Rp656,838 and RpNil, respectively.                              dan komisaris, perubahan bisnis utama, investasi                commissioners, changes in the main business,
                                                                                                                                   dan perolehan pinjaman baru dari bank lain.                     investments and obtaining new loans from other
                                                                                                                                                                                                   banks.
PT BANK MANDIRI (PERSERO) TBK                        1570    291                                                                                                                          1571
                                                                                                                                                                                             292                                  ANNUAL REPORT 2024
Page 508
        FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                  PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                        DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED              CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS            KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023           31 DESEMBER 2024 DAN 2023                                                                31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)    (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)       (Expressed in millions of Rupiah, unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                           36. FUND BORROWINGS (continued)                                    37. PINJAMAN       DAN     EFEK-EFEK       SUBORDINASI       37. SUBORDINATED LOANS              AND    MARKETABLE
                                                                                                                                       (lanjutan)                                                   SECURITIES (continued)
     (h) Lain-lain (lanjutan)                                          (h) Others (continued)
                                                                                                                                       Medium Term Notes Subordinasi II Bank Mandiri                Medium Term Notes Subordinated II Bank Mandiri
         Mata uang asing (lanjutan)                                        Foreign currencies (continued)                              (lanjutan)                                                   (continued)
         The Development Bank of Singapore Limited                         The Development Bank of Singapore Limited                   MTN Subordinasi II memiliki jangka waktu 5 (lima)            Subordinated MTN II has 5 (five) years in terms and
         (lanjutan)                                                        (continued)                                                 tahun dan akan jatuh tempo pada tanggal 23 Juni              will mature on 23 June 2028, in which issued scriptless
                                                                                                                                       2028, diterbitkan tanpa warkat dengan tingkat bunga          with a fixed rate of 6.95% per annum. The Trustee of
         Dalam perjanjian pinjaman tersebut, Entitas Anak                  In the loan agreement, the Subsidiaries are also            tetap sebesar 6,95% per tahun. Wali amanat dari              the issuance of Subordinated MTN II is PT Bank
         juga diwajibkan untuk memenuhi persyaratan                        required to meet financial requirements such as             penerbitan MTN Subordinasi II adalah PT Bank                 Negara Indonesia (Persero) Tbk.
         keuangan seperti rasio jumlah utang bunga                         the ratio of total debt to equity not exceeding a           Negara Indonesia (Persero) Tbk.
         terhadap ekuitas tidak melebihi rasio 10:1 dan                    ratio of 10:1 and other reporting obligations.
         kewajiban penyampaian laporan lainnya.                                                                                        Bunga MTN Subordinasi II dibayarkan setiap triwulan,         Interest of Subordinated MTN II is paid on quarterly
                                                                                                                                       dengan pembayaran bunga pertama dilakukan pada               basis, the first interest payment will be made on
         Bank Mandiri dan Entitas Anak telah melakukan                     Bank Mandiri and its Subsidiaries have made                 tanggal 23 September 2023, sedangkan pembayaran              23 September 2023 while the last interest payment, in
         pembayaran bunga pinjaman yang diterima                           interest payments on fund borrowings according to           bunga terakhir sekaligus jatuh tempo MTN                     which also the maturity date and the repayment of the
         sesuai dengan jadwal pembayaran bunga selama                      the interest payment schedule for the year ended            Subordinasi II adalah pada tanggal 23 Juni 2028 yang         principal of Subordinated MTN II, is on 23 June 2028.
         tahun yang berakhir tanggal 31 Desember 2024                      31 December 2024 and 2023.                                  juga merupakan tanggal pelunasan pokok MTN                   The principal of MTN II will be fully repaid on the
         dan 2023.                                                                                                                     Subordinasi II. Pembayaran pokok MTN Subordinasi             maturity date. On 20 July 2023, Subordinated MTN II
                                                                                                                                       II dilakukan secara penuh pada saat tanggal jatuh            approved as supplementary capital components (Tier
         Selama periode dan tahun yang berakhir tanggal                    During the periode and year ended 31 December               tempo. Pada tanggal 20 Juli 2023, MTN Subordinasi II         2) according to the approval from FSA through letter
         31 Desember 2024 dan 2023, Bank Mandiri dan                       2024 and 2023, Bank Mandiri and its Subsidiaries            telah mendapat persetujuan dari Otoritas Jasa                No. SR-51/PB.21/2023.
         Entitas Anak telah memenuhi kondisi dan                           have complied with the terms and conditions set             Keuangan untuk dicatat sebagai komponen modal
         persyaratan yang ditetapkan dalam perjanjian                      forth in the fund borrowings agreement.                     pelengkap (Tier 2) melalui surat No. SR-
         pinjaman yang diterima.                                                                                                       51/PB.21/2023.

37. PINJAMAN DAN EFEK-EFEK SUBORDINASI                          37. SUBORDINATED              LOANS      AND    MARKETABLE             Sebelum dilunasinya semua jumlah terutang yang               Prior to full repayment of the amount outstanding of
                                                                    SECURITIES                                                         harus dibayar, Bank Mandiri berkewajiban untuk: (i)          the MTN, Bank Mandiri is obliged to: (i) maintain at all
                                                                                                                                       memelihara pada setiap saat keadaan keuangan                 times soundness of financial condition in accordance
     Berdasarkan jenis dan mata uang:                                  By type and currency:                                           berada dalam kondisi sehat sesuai ketentuan OJK; (ii)        to FSA regulation; (ii) maintain a minimum level of
                                                                                                                                       mempertahankan tingkat kesehatan Bank minimal                soundness composite rating of 3 (three) which is
                                                     2024                     2023                                                     berada dalam peringkat komposit 3 (tiga) yang                categorised as "Fair", according to internal
                                                                                                                                       tergolong “Cukup Baik”, sesuai penilaian internal            assessment based on FSA regulation and/or Bank
     Rupiah                                                                                                               Rupiah       berdasarkan ketentuan/peraturan OJK dan/atau Bank            Indonesia; (iii) obtain and comply with all requirements
       Pihak berelasi (Catatan 56)                                                                   Related parties (Note 56)         Indonesia; (iii) memperoleh, mematuhi segala                 and exercise all necessary things to keep the
         Medium Term Notes                                                                             Medium Term Notes               ketentuan dan melakukan hal-hal yang diperlukan              authority, license and approval (from government or
           Subordinasi II                                        -                10.000                  Subordinated II              untuk menjaga tetap berlakunya segala kuasa, izin,           other authorities) comply with requirement in
         Subordinoted notes syariah                                                                     Subordinated notes             dan persetujuan (baik dari pemerintah maupun dari            accordance to Republic of Indonesia’s law.
           mudharabah                                       40.000                25.000              sharia mudharabah                pihak yang berwenang lainnya) dan melakukan hal-
                                                                                                                                       hal yang diwajibkan oleh peraturan perundang-
                                                            40.000                35.000                                               undangan Negara Republik Indonesia.
       Pihak ketiga                                                                                             Third parties          Bank Mandiri tanpa persetujuan tertulis Wali Amanat          Bank Mandiri without written permission from the
         Medium Term Notes                                                                             Medium Term Notes               tidak akan melakukan hal-hal sebagai berikut: (i)            Trustee shall not: (i) reduce registered capital, issued
           Subordinasi II                                  100.000                90.000                  Subordinated II              mengurangi modal dasar, modal ditempatkan dan                capital and paid-up capital, except required by the
         Subordinoted notes syariah                                                                     Subordinated notes             modal disetor, kecuali karena adanya ketentuan               government, authorised by the Authorities or Bank
           mudharabah                                      160.000               175.000              sharia mudharabah                Pemerintah, Otoritas yang Berwenang atau Bank                Indonesia; (ii) change the core business; (iii) perform
                                                           260.000               265.000                                               Indonesia; (ii) mengadakan perubahan bidang usaha            merger, dissolvement and/or taken over by other entity
                                                                                                                                       utama; (iii) mengadakan penggabungan, peleburan              which lead to dissolution of Bank Mandiri.
     Total Rupiah                                          300.000               300.000                           Total Rupiah        dan/atau pengambilalihan dengan entitas lain yang
                                                                                                                                       menyebabkan bubarnya Bank Mandiri.
     Mata uang asing                                                                                          Foreign currencies       Tidak terdapat pelanggaran atas pembatasan                   There was no breach of the Trustee restrictions
      Two-step loans (TSL)                                                                              Two-step loans (TSL)           perjanjian perwaliamanatan MTN Subordinasi II                agreement on Subordinated MTN II during the period
         Pihak ketiga                                                                                          Third parties           selama periode yang berakhir pada 31 Desember                ended on 31 December 2024.
           Asian Development Bank                                                               Asian Development Bank                 2024.
             (ADB) (Catatan 62.B.(iv))                     104.015               115.735       (ADB) (Catatan 62.B.(iv))
                                                                                                                                       Pada tanggal 31 Desember 2024, peringkat MTN                 As of 31 December 2024, rating of MTN Subordinated
                                                           404.015               415.735                                               Subordinasi II menurut Pefindo adalah idAA (double           II based on Pefindo was idAA (double A).
     Dikurangi: biaya penerbitan yang                                                                                                  A).
       belum diamortisasi                                     (453)                  (564 )     Less: unamortised issuance cost
                                                                                                                                       MTN Subordinasi II tidak dijamin dengan agunan               Subordinated MTN II is not guaranteed by a public
     Neto                                                  403.562               415.171                                    Net        umum sesuai Pasal 1131 dan 1132 Kitab Undang-                collateral which refer to Article 1131 and 1132 of
                                                                                                                                       Undang Hukum Perdata maupun agunan khusus                    Indonesian Civil Law (UU Hukum Perdata) or include
                                                                                                                                       termasuk tidak dijamin oleh Bank atau Entitas Anak,          special collateral is not guaranteed by Bank or the
     Medium Term Notes Subordinasi II Bank Mandiri                     Medium Term Notes Subordinated II Bank Mandiri                  Negara Republik Indonesia atau pihak ketiga lainnya          Subsidiary, Republic of Indonesia or other related
                                                                                                                                       dan tidak dimasukkan dalam program penjaminan                parties and not included to bank guarantee program
     Dalam rangka memperkuat struktur penghimpunan                     In order to strengthen the long-term funding structure          bank yang dilaksanakan oleh Lembaga Penjaminan               implemented by Deposit Insurance Corporation (LPS)
     dana jangka panjang dan mendukung ekspansi kredit,                as well as to support the credit expansion, on 23 June          Simpanan atau penggantinya. Sesuai dengan                    or its substitute. Based on the Law and regarding
     pada tanggal 23 Juni 2023, Bank Mandiri menerbitkan               2023, Bank Mandiri issued Subordinated Medium Term              peraturan perundang-undangan yang berlaku dan                amendment Article 19 Paragraph (1) letter f of
     Medium Term Notes Subordinasi II Bank Mandiri                     Notes II Bank Mandiri 2023 ("Subordinated MTN II")              mengikuti ketentuan pasal 19 ayat (1) huruf f                regulations of the KPMM Financial Services Authority
     Tahun 2023 (“MTN Subordinasi II”) sebesar                         amounted to Rp100,000. On 31 December 2024, the                 peraturan Otoritas Jasa Keuangan KPMM dan                    and is an obligation of the subordinated issuer, in
     Rp100.000. Pada tanggal 31 Desember 2024, biaya                   unamortised issuance cost of Subordinated MTN II                merupakan kewajiban penerbit yang disubordinasi,             accordance with article 5 of the Subordinated MTN
     penerbitan MTN Subordinasi II yang belum                          amounted to Rp453.                                              sesuai dengan pasal 5 Perjanjian Penerbitan MTN              Issuance Agreement.
     diamortisasi sebesar Rp453.                                                                                                       Subordinasi.


PT BANK MANDIRI (PERSERO) TBK                        1572            293                                                                                                                       1573
                                                                                                                                                                                                  294                                 ANNUAL REPORT 2024
Page 509
        FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                 PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED              CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS            KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                     31 DECEMBER 2024 AND 2023           31 DESEMBER 2024 DAN 2023                                                                  31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)    (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)         (Expressed in millions of Rupiah, unless otherwise stated)


37. PINJAMAN        DAN         EFEK-EFEK   SUBORDINASI           37. SUBORDINATED LOANS              AND     MARKETABLE          37. PINJAMAN       DAN     EFEK-EFEK       SUBORDINASI         37. SUBORDINATED LOANS              AND     MARKETABLE
    (lanjutan)                                                        SECURITIES (continued)                                          (lanjutan)                                                     SECURITIES (continued)

     Medium Term Notes Subordinasi II Bank Mandiri                    Medium Term Notes Subordinated II Bank Mandiri                  Entitas Anak (lanjutan)                                        Subsidiaries (continued)
     (lanjutan)                                                       (continued)
                                                                                                                                      Subordinated notes syariah mudharabah (lanjutan)               Subordinated notes syariah mudharabah (continued)
     Two-step loans - Asian Development Bank                          Two-step loans - Asian Development Bank
                                                                                                                                      Selama berlakunya jangka waktu Sukuk Mudharabah                Throughout the tenure of the 2023 BSI Subordinated
                                                                                                                                      Subordinasi BSI Tahun 2023 dan sebelum                         Mudharabah Sukuk and until the full repayment of both
     Akun ini merupakan fasilitas kredit dari Asian                   This account represents a loan facility from Asian              dilunasinya semua pokok dan bagi hasil, Entitas Anak           principal and profit-sharing, the Subsidiary is obligated
     Development Bank (“ADB”) kepada Pemerintah                       Development Bank (“ADB”) to the Government of the               berkewajiban untuk: (i) menjaga rasio Capital                  to: (i) maintain a Capital Adequacy Ratio (“CAR”) of not
     Republik Indonesia, melalui Kementerian Keuangan                 Republic of Indonesia, through the Ministry of Finance          Adequacy Ratio (“CAR”) tidak kurang dari 12% (dua              less than 12%; (ii) ensure that the 2023 Subordinated
     Republik Indonesia, untuk disalurkan kepada bank                 of the Republic of Indonesia, which are relent to               belas persen); (ii) memastikan bahwa Sukuk                     Mudharabah Sukuk is not owned by more than 49
     peserta guna membiayai beberapa jenis proyek di                  participating banks to finance several projects in              Mudharabah Subordinasi Tahun 2023 ini tidak akan               (forty nine) investors; (iii) submit to the monitoring
     Indonesia. Rincian fasilitas ini adalah sebagai berikut:         Indonesia. The detail of this facility is as follows:           dimiliki oleh lebih dari 49 (empat puluh sembilan)             agent the following: (a) Copies of reports submitted to
                                                                                                                                      investor; (iii) menyerahkan kepada agen pemantau               the Financial Services Authority (OJK), including the
            Fasilitas kredit/                        Tujuan/                                    Jangka waktu/                         sebagai berikut: (a) Salinan dari laporan yang                 bank's health assessment report, no later than 5 (five)
             Loan facility                           Purpose                                       Period                             disampaikan kepada OJK termasuk laporan hasil                  business days after the report is submitted to the
                                                                                                                                      penilaian tingkat kesehatan bank, dalam waktu                  parties mentioned above.
     ADB Loan 1327 - INO (SF)          Membiayai      Proyek      Kredit         15 Januari/January 2005 - 15 Juli/July 2029          selambat-lambatnya 5 (lima) hari kerja setelah
                                       Mikro/Funding Micro Loan Projects         dengan      angsuran        pertama       pada       laporan tersebut diserahkan kepada pihak yang
                                       (PKM)                                     tanggal/with the first installment start on 15       disebutkan di atas.
                                                                                 Januari/January 2005
                                                                                                                                      Dalam hal Agen Pemantau memandang perlu,                       If the Monitoring Agent deems it necessary, based on a
                                                         2024                     2023                                                berdasarkan permohonan Agen Pemantau secara                    written request from the Monitoring Agent, the
                                                                                                                                      tertulis, Perseroan wajib menyampaikan kepada Agen             Company must provide the Monitoring Agent with
     ADB Loan 1327 - INO (SF)                                   104.015               115.735      ADB Loan 1327 - INO (SF)           Pemantau dokumen-dokumen tambahan yang                         additional documents related to the above report (if
                                                                                                                                      berkaitan dengan laporan tersebut di atas (apabila             any) no later than 10 (ten) business days after the date
                                                                                                                                      ada) selambat lambatnya 10 (sepuluh) Hari Kerja                the request letter is received by the Company; (b)
     Menteri Keuangan melalui surat No. S-596/MK.6/2004               The Minister of Finance through its letter No. S-               setelah tanggal surat permohonan tersebut diterima             Annual financial statements audited by public
     tanggal 12 Juli 2004, telah menyetujui pengalihan                596/MK.6/2004 dated 12 July 2004, has approved the              oleh Perseroan; (b) Laporan keuangan tahunan yang              accountants registered with the OJK and submitted to
     pengelolaan Proyek Kredit Mikro (“PKM”) Loan ADB                 transfer of management of Micro Credit Project                  telah diaudit oleh akuntan publik yang terdaftar di OJK        the Monitoring Agent within 5 (five) business days after
     No. 1327 - INO (“SF”) dari Bank Indonesia kepada                 (“PKM”) of ADB loans No. 1327 - INO (“SF”) from Bank            dan disampaikan kepada Agen Pemantau dalam                     receiving a request letter from the Monitoring Agent.
     Bank Mandiri. Dengan disetujuinya pengalihan PKM                 Indonesia to Bank Mandiri. With that approval, an               waktu 5 (lima) hari kerja setelah menerima surat
     tersebut, maka telah dilakukan perubahan terhadap                amendment was made on the channelling loan                      permohonan dari Agen Pemantau.
     perjanjian   penerusan     pinjaman    No.    SLA-               agreement No. SLA-805/DP3/1995 dated 27 April
     805/DP3/1995 tanggal 27 April 1995 yang diubah                   1995,    which    was     revised   by   amendment              Seluruh dana hasil penerbitan Sukuk Mudharabah                 All proceeds from the issuance of the Subordinated
     dengan      amendemen        No.     AMA-287/SLA-                No. AMA-287/SLA-805/DP3/2003 dated 22 April 2003,               Subordinasi, akan dipergunakan oleh Perseroan                  Mudharabah Sukuk will be used by the Company for its
     805/DP3/2003 tanggal 22 April 2003 antara Republik               between the Republic of Indonesia and Bank Indonesia            untuk kegiatan usaha Perseroan dalam rangka                    business activities to strengthen the capital structure,
     Indonesia dan Bank Indonesia menjadi Republik                    to the Republic of Indonesia and PT Bank Mandiri                memperkuat     struktur    permodalan   dengan                 taking into account the issuance proceeds as
                                                                                                                                      memperhitungkan dana hasil penerbitan sebagai                  supplementary capital and to enhance the Company's
     Indonesia dan PT Bank Mandiri (Persero) Tbk.,                    (Persero)        Tbk.,         with      amendment
                                                                                                                                      modal pelengkap dan meningkatkan aset produktif                productive assets.
     dengan      amendemen        No.     AMA-298/SLA-                No. AMA-298/SLA-805/DP3/2004 dated 16 July 2004.                Perseroan.
     805/DP3/2004 tanggal 16 Juli 2004.
                                                                                                                                      Sukuk Mudharabah Subordinasi ini diterbitkan tanpa             The Subordinated Mudharabah Sukuk is issued without
     Pinjaman ADB untuk Proyek Kredit Mikro diberikan                 The ADB loan for Micro Credit Projects was granted in           warkat, kecuali Sertifikat Jumbo Sukuk Mudharabah              certificates, except for the Jumbo Certificate of
     dalam mata uang SDR (Special Drawing Rights)                     SDR (Special Drawing Rights) currency in amount of              Subordinasi yang diterbitkan atas nama PT Kustodian            Subordinated Mudharabah Sukuk issued in the name
     sebesar SDR15.872.600 (nilai penuh) yang wajib                   SDR15,872,600 (full amount) which required Bank                 Sentral Efek Indonesia (“KSEI”) sebagai bukti                  of the Indonesian Central Securities Depository
     dibayar kembali oleh Bank Mandiri dalam mata uang                Mandiri to repay in SDR currency to the Government in           kepemilikan Efek Syariah untuk kepentingan                     (“KSEI”) as evidence of ownership of Sharia Securities
     SDR kepada Pemerintah dalam 50 (lima puluh) kali                 50 (fifty) prorate semi-annual installments every               Pemegang       Sukuk      Mudharabah    Subordinasi.           for the benefit of the Subordinated Mudharabah Sukuk
     angsuran setiap enam bulan secara prorata setiap                 15 January and 15 July with the first installment paid          Pendapatan Bagi Hasil yang dihitung berdasarkan                Holders. Profit-sharing is calculated by multiplying the
     tanggal 15 Januari dan 15 Juli, dengan angsuran                  on 15 January 2005 and will end on 15 July 2029. The            perkalian antara Nisbah Bagi Hasil Pemegang Sukuk              Profit-sharing Ratio of the Subordinated Mudharabah
     pertama dilakukan pada tanggal 15 Januari 2005 dan               ADB loans are subject to a service charge of 1.50%              Mudharabah Subordinasi, dimana besarnya nisbah                 Sukuk Holders, where the ratio is 88.55% of the
                                                                                                                                      adalah 88,55% dari Pendapatan yang Dibagihasilkan              Distributed Income with an indicative profit-sharing rate
     berakhir pada tanggal 15 Juli 2029. Atas pinjaman                per annum which is charged on every 15 January and              dengan indikasi bagi hasil sebesar ekuivalen 7,90%             equivalent to 7.90% per annum. The tenure of the
     ADB tersebut, Bank Mandiri dikenakan service charge              15 July every year starting from its drawdown.                  per tahun. Jangka waktu Sukuk Mudharabah                       Subordinated Mudharabah Sukuk is 5 (five) years from
     sebesar 1,50% per tahun pada setiap tanggal                                                                                      Subordinasi adalah 5 (lima) tahun terhitung sejak              the Issuance Date. The Subordinated Mudharabah
     15 Januari dan 15 Juli setiap tahunnya sejak                                                                                     Tanggal Penerbitan. Sukuk Mudharabah Subordinasi               Sukuk is offered at 100% of the Subordinated
     penarikan pinjaman.                                                                                                              ini ditawarkan dengan nilai 100% dari jumlah Dana              Mudharabah Sukuk Fund. Profit-sharing is paid
                                                                                                                                      Sukuk Mudharabah Subordinasi. Pendapatan Bagi                  quarterly, in line with the Profit-sharing Payment Date.
     Entitas Anak                                                     Subsidiaries                                                    Hasil dibayarkan setiap triwulan, sesuai dengan
                                                                                                                                      tanggal pembayaran Pendapatan Bagi Hasil.
     Subordinated notes syariah mudharabah                            Subordinated notes syariah mudharabah
                                                                                                                                      Bertindak sebagai wali amanat Sukuk Mudharabah                 The Trustee for the 2023 BSI Subordinated
     Pada tanggal tanggal 15 Desember 2023, Entitas                   On 15 December 2023, Bank Syariah Indonesia's                   Subordinasi BSI Tahun 2023 adalah PT Bank Negara               Mudharabah Sukuk is PT Bank Negara Indonesia
     Anak Bank Syariah Indonesia (“BSI”) menerbitkan                  subsidiary (“BSI”) issued the 2023 Mudharabah Sukuk             Indonesia    (Persero)     Tbk.     Pada  tanggal              (Persero) Tbk. As of 31 December 2024 and
     Sukuk Mudharabah Tahun 2023 sebesar Rp200.000                    amounting to Rp200,000 with maturity set on                     31 Desember 2024 dan 31 Desember 2023, peringkat               31 December 2023, the rating for the subordinated
     dan akan jatuh tempo pada tanggal 15 Desember                    15 December 2028.                                               Sukuk Mudharabah Subordinasi menurut Pefindo                   mudharabah sukuk according to Pefindo is idAA(sy)
     2028.                                                                                                                            adalah idAA(sy) (double A syariah).                            (double A sharia).



PT BANK MANDIRI (PERSERO) TBK                          1574         295                                                                                                                         1575
                                                                                                                                                                                                   296                                  ANNUAL REPORT 2024
Page 510
          FINANCIAL STATEMENTS 2024


                                              PT BANK MANDIRI (PERSERO) Tbk.                                                                                                        PT BANK MANDIRI (PERSERO) Tbk.
                                         DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                              DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED                   CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                        FINANCIAL STATEMENTS                 KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                        31 DECEMBER 2024 AND 2023                31 DESEMBER 2024 DAN 2023                                                                   31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)         (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

38. DANA SYIRKAH TEMPORER                                            38. TEMPORARY SYIRKAH FUNDS                                          38. DANA SYIRKAH TEMPORER (lanjutan)                            38. TEMPORARY SYIRKAH FUNDS (continued)

     Dana syirkah temporer terdiri dari:                                   Temporary syirkah funds consists of:                               Dana syirkah temporer terdiri dari (lanjutan):                    Temporary syirkah funds consists of (continued):

     a.    Simpanan nasabah                                                a.   Deposits from Customers                                       a.   Simpanan nasabah (lanjutan)                                  a.   Deposits from Customers (continued)

           1)   Giro                                                            1)    Demand Deposits                                              2)   Tabungan                                                     2)    Saving Deposits
                a.     Berdasarkan jenis:                                             a.    Based on type:                                              a.   Berdasarkan jenis:                                            a.    Based on type:
                                                         2024                        2023                                                                                                        2024                     2023
                     Rupiah                                                                                                   Rupiah                         Pihak berelasi (Catatan 56)                                                            Related parties (Note 56)
                     Pihak berelasi (Catatan 56)                                                            Related parties (Note 56)                                                                                                            Saving deposits - restricted
                                                                                                       Demand deposits - restricted                          Tabungan - investasi terikat               5.870                    8.320                           investment
                          Giro - investasi terikat                87.002                     169                     investment                              Tabungan mudharabah -                                                             Mudharabah saving deposits
                          Giro - investasi tidak                                                     Demand deposits - unrestricted                            investasi tidak terikat                                                            - unrestricted investment
                                                                                                                                                               Tabungan BSI                          368.045                182.258                    BSI saving deposits
                             terikat mudharabah           10.341.649                  8.329.095          investment mudharabah
                                                                                                                                                               Tabungan Mudharabah                                                                    Mudharabah Institusi
                                                                                                                                                                 institusi                               676                       90                     saving deposits
                                                          10.428.651                  8.329.264                                                                Tabungan Mabrur                           567                      450               Mabrur saving deposits
                     Pihak ketiga                                                                                         Third parties                        Tabungan Berencana BSI                    316                      291      Berencana BSI saving deposits
                        Giro - investasi terikat                                                       Demand deposits - restricted                            Tabungan Investa Cendekia                 294                      252    Investa Cendekia saving deposits
                            dan tidak terikat                                                         and unrestricted investment
                            mudharabah                    14.063.754                 11.211.248                      mudharabah                                                                      375.768                191.661
                        Giro mudharabah                                                              Demand deposits mudharabah
                            musytarakah                             301                      589                     musytarakah                             Pihak ketiga                                                                                        Third parties
                                                                                                                                                                                                                                                 Saving deposits - restricted
                                                          14.064.055                 11.211.837                                                              Tabungan - investasi terikat          3.583.821               2.232.598                             investment
                                                                                                                                                             Tabungan mudharabah -                                                             Mudharabah saving deposits
                                                          24.492.706                 19.541.101                                                                investasi tidak terikat                                                            - unrestricted investment
                                                                                                                                                               Tabungan BSI                       66.147.639              61.304.784                   BSI saving deposits
                                                                                                                    Foreign currencies                         Tabungan Mabrur                    12.880.933              11.352.080                Mabrur saving deposits
                     Mata uang asing
                                                                                                                                                               Tabungan Pensiun                    1.118.371               1.040.963           Retirement saving deposits
                     Pihak berelasi (Catatan 56)                                                            Related parties (Note 56)                          Tabungan Mudharabah                                                            Mudharabah Institusi saving
                        Giro - investasi terikat                                                       Demand deposits - restricted                              Institusi                           505.812                900.732                               deposits
                            dan tidak terikat                                                         and unrestricted investment                              Tabungan Investa Cendekia             465.954                489.959      Investa Cendekia saving deposits
                            mudharabah                      9.369.875                 9.245.205                      mudharabah                                Tabungan Berencana BSI                175.752                187.202        Berencana BSI saving deposits
                                                                                                                                                               Tabungan Qurban                            99                     91                Qurban saving deposits
                                                            9.369.875                 9.245.205
                     Pihak ketiga                                                                                         Third parties                                                           84.878.381              77.508.409
                        Giro - investasi terikat                                                       Demand deposits - restricted
                            dan tidak terikat                                                         and unrestricted investment                            Total                                85.254.149              77.700.070                                    Total
                            mudharabah                      3.325.938                 3.567.559                      mudharabah

                                                            3.325.938                 3.567.559                                                              Tabungan - investasi terikat merupakan                              The saving deposits - restricted
                                                                                                                                                             simpanan dana pihak lain yang                                       investment represent deposit from third
                                                          12.695.813                 12.812.764                                                              mendapatkan imbal bagi hasil dari                                   parties which will receive returns from
                                                                                                                                                             pendapatan     Entitas    Anak     atas                             Subsidiary’s revenue, for the usage of
                                                                                                                                                             penggunaan dana pada penyaluran                                     channeled funds with criteria determined
                                                           37.188.519                32.353.865
                                                                                                                                                             dana yang kriterianya telah ditentukan                              by the fund owner’s according to the
                                                                                                                                                             oleh pemilik dana berdasarkan nisbah                                previously set and agreed share (nisbah).
                       Giro - investasi terikat merupakan                                   The demand deposits - restricted                                 yang    ditetapkan     dan     disetujui
                       simpanan dana pihak lain yang                                        investment represent deposits from third                         sebelumnya.
                       mendapatkan imbal bagi hasil dari                                    parties which will receive returns from
                       pendapatan     Entitas    Anak     atas                              Subsidiary’s restricted investment based                         Tabungan mudharabah - investasi tidak                               The Mudharabah saving deposits -
                       penggunaan dana pada penyaluran                                      on the agreed share (nisbah) of the                              terikat merupakan simpanan dana pihak                               unrestricted investment represent third
                       dana yang kriterianya telah ditentukan                               Subsidiary’s revenue.                                            lain yang mendapatkan imbalan bagi                                  parties’ deposits which will receive return
                                                                                                                                                             hasil dari pendapatan Entitas Anak atas                             from Subsidiary’s revenue based on the
                       oleh pemilik dana berdasarkan nisbah
                                                                                                                                                             penggunaan dana tersebut dengan                                     agreed share (nisbah).
                       yang    ditetapkan     dan     disetujui                                                                                              nisbah yang ditetapkan dan disetujui
                       sebelumnya.                                                                                                                           sebelumnya.
                b.     Kisaran nisbah bagi hasil untuk giro                           b.    Range of profit sharing ratios for demand                   b.   Kisaran nisbah bagi hasil untuk                               b.    Ranging of the annual profit sharing ratio
                       mudharabah - investasi tidak terikat per                             deposits - unrestricted mudharabah                               tabungan mudharabah - investasi tidak                               (nisbah) for Mudharabah saving deposits
                       tahun:                                                               investment per annum:                                            terikat per tahun:                                                  - unrestricted investment:
                                                         2024                        2023                                                                                                        2024                     2023

                       Rupiah                          2,28% - 3,37%            3,15% - 3,97%                                 Rupiah                         Rupiah                            0,51% - 0,70%         0,66% - 0,69%                                    Rupiah
                       Mata uang asing                 0,18% - 5,25%            0,13% - 5,64%                      Foreign currencies                        Mata uang asing                   0,22% - 0,23%         0,23% - 0,23%                         Foreign currencies



PT BANK MANDIRI (PERSERO) TBK                            1576          297                                                                                                                              1577
                                                                                                                                                                                                           298
                                                                                                                                                                                                                                                       ANNUAL REPORT 2024
Page 511
          FINANCIAL STATEMENTS 2024



                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                       PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                             DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED                  CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS                KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023               31 DESEMBER 2024 DAN 2023                                                                  31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)        (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)         (Expressed in millions of Rupiah, unless otherwise stated)


                                                                                                                                       38. DANA SYIRKAH TEMPORER (lanjutan)                           38. TEMPORARY SYIRKAH FUNDS (continued)
38. DANA SYIRKAH TEMPORER (lanjutan)                               38. TEMPORARY SYIRKAH FUNDS (continued)
                                                                                                                                           Dana syirkah temporer terdiri dari (lanjutan):                   Temporary syirkah funds consists of (continued):
     Dana syirkah temporer terdiri dari (lanjutan):                      Temporary syirkah funds consists of (continued):
                                                                                                                                           c.   Berikut adalah informasi penting lainnya                    c.   Other significant information related to the time
     a.    Simpanan nasabah (lanjutan)                                   a.   Deposits from Customers (continued)                               sehubungan dengan deposito dari simpanan                         deposits for deposits from customers and deposits
                                                                                                                                                nasabah dan simpanan dari bank lain (lanjutan):                  from other banks (continued):
           3)   Deposito mudharabah - investasi tidak terikat                 3)    Mudharabah Time Deposit - unrestricted
                                                                                    investment                                                  1)   Berdasarkan jangka waktu (lanjutan):                        1)    By contract period (continued):

                                                       2024                        2023                                                                                                       2024                    2023

                Rupiah                                                                                                        Rupiah                 Mata uang asing                                                                                Foreign currencies
                  Pihak berelasi (Catatan 56)           36.497.082                 27.022.659             Related parties (Note 56)                   1 bulan                                   6.100.683              1.736.093                            1 month
                  Pihak ketiga                          86.394.238                 85.407.012                          Third parties                  3 bulan                                     675.420                647.481                           3 months
                                                                                                                                                      6 bulan                                     143.673                102.252                           6 months
                                                       122.891.320             112.429.671                                                            12 bulan                                    408.195                532.038                          12 months

                                                                                                                                                     Total                                      7.327.971              3.017.864                                  Total
                Mata uang asing                                                                                   Foreign currencies
                 Pihak berelasi (Catatan 56)              1.260.326                   883.832             Related parties (Note 56)                                                          130.219.291          115.447.535
                 Pihak ketiga                             6.067.645                 2.134.032                          Third parties

                                                          7.327.971                 3.017.864                                                   2)   Berdasarkan sisa waktu hingga jatuh tempo:                  2)    By remaining period until maturity date:
                                                                                                                                                                                              2024                    2023
                Total                                  130.219.291             115.447.535                                    Total
                                                                                                                                                     Rupiah                                                                                                    Rupiah
                                                                                                                                                        Kurang dari 1 bulan                    72.653.985             70.186.684                  Less than 1 month
     b.    Simpanan dari bank lain                                        b. Deposits from Other Banks                                                  1 - 3 bulan                            29.873.178             25.529.426                        1 - 3 months
                                                                                                                                                        3 - 6 bulan                            16.523.498              9.352.135                        3 - 6 months
                                                       2024                        2023                                                                 6 - 12 bulan                            3.840.659              7.361.426                      6 - 12 months

           Rupiah                                                                                                           Rupiah                   Total                                   122.891.320          112.429.671                                     Total
           Pihak ketiga                                                                                              Third parties
               Giro mudharabah -                                                                   Mudharabah demand deposits
                                                                                                                                                     Mata uang asing                                                                                Foreign currencies
                 investasi tidak terikat                        47.282                63.394         - unrestricted investment                          Kurang dari 1 bulan                     6.447.489              2.254.257                  Less than 1 month
               Tabungan mudharabah -                                                                Mudharabah saving deposits                          1 - 3 bulan                               466.065                265.355                        1 - 3 months
                 investasi tidak terikat                   536.509                   580.115         - unrestricted investment                          3 - 6 bulan                               340.384                 87.922                        3 - 6 months
               Deposito mudharabah -                                                                  Mudharabah time deposits                          6 - 12 bulan                               74.033                410.330                      6 - 12 months
                 investasi tidak terikat                        94.515               136.693         - unrestricted investment
                                                                                                                                                     Total                                      7.327.971              3.017.864                                  Total
                                                           678.306                   780.202
                                                                                                                                                                                             130.219.291          115.447.535
           Total                                           678.306                   780.202                                  Total

                                                                                                                                                     Deposito berjangka mudharabah merupakan                           Mudharabah time deposits represent third
     c.    Berikut adalah informasi penting lainnya                      c.   Other significant information related to the time                      simpanan     dana      pihak    lain  yang                        parties’ deposits which received a profit
           sehubungan dengan deposito dari simpanan                           deposits for deposits from customers and deposits                      mendapatkan imbalan bagi hasil dari                               sharing return from the Subsidiary’s income
           nasabah dan simpanan dari bank lain:                               from other banks:                                                      pendapatan Entitas Anak atas penggunaan                           over utilisation of its fund based on an agreed
                                                                                                                                                     dana tersebut dengan nisbah yang                                  profit sharing ratio (nisbah) set and arranged
                                                                                                                                                     ditetapkan dan disetujui sebelumnya dengan                        in mudharabah muthlaqah agreement.
           1)   Berdasarkan jangka waktu:                                     1)    By contract period:                                              akad mudharabah muthlaqah.
                                                       2024                        2023                                                         3)   Kisaran nisbah bagi hasil untuk deposito                    3)    Ranging of the annual profit sharing ratio (nisbah)
                                                                                                                                                     mudharabah per tahun:                                             Mudharabah Time Deposits:
                Rupiah                                                                                                      Rupiah
                  1 bulan                               64.581.883                 61.878.521                            1 month                                                              2024                    2023
                  3 bulan                               32.355.347                 29.154.725                           3 months
                                                                                                                                                     Rupiah                                 2,41% - 2,59%        2,48% - 2,55%                                 Rupiah
                  6 bulan                               19.022.677                 10.333.614                           6 months
                                                                                                                                                     Mata uang asing                        0,21% - 0,23%        0,23% - 0,30%                      Foreign currencies
                  12 bulan                               6.931.413                 11.062.811                          12 months
                                                                                                                                                4)   Deposito berjangka mudharabah dengan                        4)    Mudharabah time deposits with mudharabah
                Total                                  122.891.320             112.429.671                                     Total                 akad mudharabah muthlaqah yang dijadikan                          muthlaqah agreement that is pledged as
                                                                                                                                                     sebagai   jaminan     atas piutang   dan                          collateral for receivables and financing
                                                                                                                                                     pembiayaan       adalah    masing-masing                          amounted to Rp1,575,029 and Rp1,369,418
                                                                                                                                                     berjumlah Rp1.575.029 dan Rp1.369.418                             as of 31 December 2024 and 2023,
                                                                                                                                                     pada tanggal 31 Desember 2024 dan 2023.                           respectively.

PT BANK MANDIRI (PERSERO) TBK                          1578          299
                                                                                                                                                                                                     1579
                                                                                                                                                                                                        300                                      ANNUAL REPORT 2024
Page 512
        FINANCIAL STATEMENTS 2024


                                             PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                      PT BANK MANDIRI (PERSERO) Tbk.
                                        DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                            DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE CONSOLIDATED                  CATATAN ATAS LAPORAN KEUANGAN                                                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                            FINANCIAL STATEMENTS                KONSOLIDASIAN                                                                                                       FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                            31 DECEMBER 2024 AND 2023               31 DESEMBER 2024 DAN 2023                                                                                       31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                   (Expressed in millions of Rupiah, unless otherwise stated)        (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                              (Expressed in millions of Rupiah, unless otherwise stated)
39. KEPENTINGAN NONPENGENDALI ATAS ASET                                   39. NON-CONTROLLING INTERESTS IN NET ASSETS
    BERSIH ENTITAS ANAK YANG DIKONSOLIDASI                                    OF CONSOLIDATED SUBSIDIARIES
                                                                                                                                             39. KEPENTINGAN NONPENGENDALI ATAS ASET                                          39. NON-CONTROLLING INTERESTS IN NET ASSETS
     Akun ini merupakan kepentingan nonpengendali atas                        This account represents non-controlling interests in net           BERSIH ENTITAS ANAK YANG DIKONSOLIDASI                                           OF CONSOLIDATED SUBSIDIARIES (continued)
     aset bersih Entitas Anak yang dikonsolidasi sebagai                      assets of consolidated Subsidiaries which are as                   (lanjutan)
     berikut:                                                                 follows:
                                                 2024                              2023                                                          Ringkasan laporan arus kas:                                                             Summary of statement of cash flow:
     PT Bank Syariah Indonesia Tbk.                        21.664.415             18.774.081        PT Bank Syariah Indonesia Tbk.                                                                              BSI                                Bank Mantap
     PT Bank Mandiri Taspen                                 3.761.113              3.090.371               PT Bank Mandiri Taspen
     PT Mandiri Tunas Finance                               2.383.566              1.974.533             PT Mandiri Tunas Finance
     PT AXA Mandiri Financial Services                      1.868.228              1.773.435      PT AXA Mandiri Financial Services                                                                 2024               2023                    2024             2023
     PT Mandiri Sekuritas                                         639                    626                    PT Mandiri Sekuritas
     PT Mandiri Capital Indonesia                                 291                    245           PT Mandiri Capital Indonesia
     PT Mandiri Utama Finance                                       -                679.424             PT Mandiri Utama Finance                Aktivitas operasi                               6.690.186           2.041.035                 5.886.748         621.546           Operating activities
     PT Asuransi Jiwa Inhealth Indonesia                            -                349.463     PT Asuransi Jiwa Inhealth Indonesia             Aktivitas investasi                             6.701.996         (11.404.359)               (4.504.892)     (2.091.290)           Investing activities
                                                                                                                                                 Aktivitas pendanaan                             8.514.568          10.162.997                   212.985         584.769           Financing activities
     Total                                                 29.678.252            26.642.178                                       Total
                                                                                                                                                 Kenaikan/(penurunan) neto                                                                                                Net increase/(decrease)
     Pada tanggal 31 Desember 2024 kepemilikan                                As of 31 December 2024, the ownership of non-                        kas dan setara                                                                                                            in cash and cash
     kepentingan nonpengendali atas BSI dan Bank                              controlling interests in BSI and Bank Mantap is 48.53%               kas                                          21.906.750              799.673               1.594.841         (884.975)          equivalents
     Mantap masing-masing adalah sebesar 48,53% dan                           and 48.90%, respectively (31 December 2023 is
     48,90% (31 Desember 2023 sebesar 48,53% dan                              48.53% and 48.90%).
     48,90%).
     Ringkasan informasi keuangan BSI dan Bank Mantap                         The summarized financial information of BSI and Bank           40. EKUITAS                                                                      40. EQUITY
     disajikan berdasarkan nilai sebelum eliminasi antar                      Mantap is presented based on the value before
     perusahaan.                                                              intercompany elimination.                                          a.   Modal dasar, ditempatkan dan disetor                                               a.    Authorised, issued and fully paid capital
     Ringkasan laporan posisi keuangan:                                       Summary of statement of financial position:                             Modal dasar, ditempatkan dan disetor Bank                                                The Bank’s authorised, issued and fully paid capital
                                                           BSI                        Bank Mantap                                                     Mandiri  masing-masing     pada    tanggal                                               as of 31 December 2024 and 2023, respectively,
                                                 2024              2023            2024        2023                                                   31 Desember 2024 dan 2023 adalah sebagai                                                 are as follows:
                                                                                                                                                      berikut:
     Total aset                               408.613.431     353.624.124        66.232.344     60.542.415                 Total assets
     Total liabilitas                         105.647.970      87.222.911        58.444.320     54.125.691               Total liabilities                                                                                        2024
     Total dana syirkah temporer              257.923.889     227.662.092                 -              -          Total syirkah funds
                                                                                                                                                                                                                  Nilai nominal
     Total ekuitas                             45.041.572      38.739.121         7.788.024      6.416.724                 Total equity                                                                            per lembar                                 Persentase
                                                                                                                                                                                                                      saham                  Total nilai      kepemilikan
     Ekuitas yang dapat diatribusikan                                                                             Attributable equity                                                       Jumlah lembar       (jumlah penuh)/                saham            saham/
       kepada:                                                                                                                  to:                                                            saham/            Nominal value           (jumlah penuh)/      Percentage
                                                                                                                                                                                              Number of             per share               Share value           of
       Kepentingan nonpengendali               21.664.415        18.774.081       3.761.113      3.090.371 Non-controlling interest                                                            shares             (full amount)            (full amount)       ownership
     Ringkasan laporan          laba   rugi   dan    penghasilan          Summary of statement of profit or loss and other                            Modal dasar                                                                                                                          Authorised capital
     komprehensif lain:                                                   comprehensive income:
                                                                                                                                                         Saham Seri A Dwiwarna                             1                 125                        125           0,00%       Dwiwarna Series A Share
                                                                                                                                                         Saham Biasa Seri B                  127.999.999.999                 125         15.999.999.999.875         100,00%       Series B Common Shares
                                                            BSI                        Bank Mantap
                                                    2024            2023           2024           2023                                                Total modal dasar                      128.000.000.000                             16.000.000.000.000         100,00%           Total authorised capital


     Laba operasional                           9.278.144         7.591.358       2.051.287      1.829.913       Income from operation                Modal ditempatkan dan disetor                                                                                               Issued and fully paid capital
                                                                                                                                                        Saham Seri A Dwiwarna                                                                                                      Dwiwarna Series A Share
                                                                                                                                                           Negara Republik Indonesia                        1               125                        125            0,00%         Republic of Indonesia
     Laba sebelum beban                                                                                             Income before tax                   Saham Seri B                                                                                                               Series B Common Shares
       pajak                                    9.050.395          7.399.472      2.039.633      1.825.175                expense                          Negara Republik Indonesia          48.533.333.333                125           6.066.666.666.625          52,00%         Republic of Indonesia
     Beban pajak - neto                        (2.044.507)        (1.695.729)      (462.083)       (415.772)         Tax expense - net                     Indonesia Investment Authority      7.466.666.666                125            933.333.333.250            8,00%   Indonesia Investment Authority
                                                                                                                                                           Dewan Komisaris:                                                                                                         Board of Commissioners:
                                                                                                                                                               Rionald Silaban                     3.430.200                125                428.775.000            0,00%               Rionald Silaban
     Laba tahun berjalan                        7.005.888         5.703.743       1.577.550      1.409.403     Net income for the year                         Arif Budimanta                      3.116.400                125                389.550.000            0,00%                Arif Budimanta
     Penghasilan komprehensif                                                                                      Other comprehensive                         Faried Utomo                        3.116.400                125                389.550.000            0,00%                  Faried Utom
       lain tahun berjalan -                                                                                    income for the year -                          Muhammad Yusuf Ateh                 2.673.600                125                334.200.000            0,00%       Muhammad Yusuf Ateh
       setelah pajak penghasilan                 152.125             34.189         (65.310)        44.424          net of income tax                          Tedi Bharata                           30.300                125                  3.787.500            0,00%                  Tedi Bharata
                                                                                                                                                           Direksi:                                                                                                                       Board of Directors:
                                                                                                                                                               Darmawan Junaidi                   11.134.200                125               1.391.775.000           0,01%            Darmawan Junaidi
     Total penghasilan                                                                                           Total comprehensive                           Alexandra Askandar                 11.028.200                125               1.378.525.000           0,01%          Alexandra Askandar
       komprehensif tahun berjalan              7.158.013         5.737.932       1.512.240      1.453.827     income for the year                             Agus Dwi Handaya                   11.347.300                125               1.418.412.500           0,01%           Agus Dwi Handaya
                                                                                                                                                               Riduan                             11.250.000                125               1.406.250.000           0,01%                        Riduan
                                                                                                                                                               Aquarius Rudianto                   7.102.000                125                 887.750.000           0,01%            Aquarius Rudianto
                                                                                                                                                               Toni Eko Boy Subari                 6.082.200                125                 760.275.000           0,01%          Toni Eko Boy Subari
                                                            BSI                        Bank Mantap                                                             Rohan Hafas                         5.965.200                125                 745.650.000           0,01%                 Rohan Hafas
                                                                                                                                                               Sigit Prastowo                     10.869.800                125               1.358.725.000           0,01%                Sigit Prastowo
                                                                                                                                                               Timothy Utama                       7.036.600                125                 879.575.000           0,01%               Timothy Utama
                                                    2024            2023           2024           2023                                                         Eka Fitria                          1.197.500                125                 149.687.500           0,01%                      Eka Fitria
                                                                                                                                                               Danis Subyantoro                      344.800                125                  43.100.000           0,00%             Danis Subyantoro
     Laba tahun berjalan yang                                                                               Net income for the year                            Totok Priyambodo                      370.000                125                  46.250.000           0,00%            Totok Priyambodo
                                                                                                                                                           Publik (masing-masing
       diatribusikan kepada                                                                                        attributable to                             dibawah 5%)                    37.237.238.632                125           4.654.654.829.000          39,90%         Public (less than 5%)
       kepentingan nonpengendali                3.400.280         2.768.289        771.428        689.286 non-controlling interest
     Dividen yang dibayar kepada                                                                                   Dividend paid for                                                          93.333.333.332                             11.666.666.666.500         100,00%
       kepentingan nonpengendali                 415.243            206.766         68.922         58.981 non-controlling interest


PT BANK MANDIRI (PERSERO) TBK                                1580          301                                                                                                                                            1581
                                                                                                                                                                                                                             302
                                                                                                                                                                                                                                                                               ANNUAL REPORT 2024
Page 513
          FINANCIAL STATEMENTS 2024


                                                                                                                                                                                                                    PT BANK MANDIRI (PERSERO) Tbk.
                                                      PT BANK MANDIRI (PERSERO) Tbk.
                                                                                                                                                                                                               DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
                                                 DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
                                                                                                                                                                           CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
CATATAN ATAS LAPORAN KEUANGAN                                                                                   NOTES TO THE CONSOLIDATED
                                                                                                                                                                           KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
KONSOLIDASIAN                                                                                                          FINANCIAL STATEMENTS
                                                                                                                                                                           31 DESEMBER 2024 DAN 2023                                                                   31 DECEMBER 2024 AND 2023
31 DESEMBER 2024 DAN 2023                                                                                          31 DECEMBER 2024 AND 2023
                                                                                                                                                                           (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                 (Expressed in millions of Rupiah, unless otherwise stated)

                                                                                                                                                                           40. EKUITAS (lanjutan)                                          40. EQUITY (continued)
40. EKUITAS (lanjutan)                                                              40. EQUITY (continued)
                                                                                                                                                                               a.   Modal dasar,       ditempatkan      dan    disetor         a.   Authorised, issued and fully paid capital
     a.    Modal dasar,               ditempatkan        dan         disetor                   a.   Authorised, issued and fully paid capital                                       (lanjutan)                                                      (continued)
           (lanjutan)                                                                               (continued)                                                                     Penetapan modal ditempatkan dan disetor                         The determination of issued and fully paid capital
                                                                                                                                                                                    sebesar Rp4.000.000 oleh Pemerintah Republik                    amounted to Rp4,000,000 by the Government of
           Modal dasar, ditempatkan dan disetor Bank                                                The Bank’s authorised, issued and fully paid capital                            Indonesia pada tanggal pendirian Bank Mandiri,                  the Republic of Indonesia at the date of
           Mandiri      masing-masing pada    tanggal                                               as of 31 December 2024 and 2023, respectively,                                  telah dilaksanakan sebagai berikut:                             establishment of Bank Mandiri was carried out as
                                                                                                                                                                                                                                                    follows:
           31 Desember 2024 dan 2023 adalah sebagai                                                 are as follows (continued):                                                     1.   Pembayaran secara tunai melalui Bank                       1. Cash payment through Bank Indonesia
           berikut (lanjutan):                                                                                                                                                           Indonesia sejumlah Rp1.600.004.                                 amounted to Rp1,600,004.
                                                                                                                                                                                    2.   Penempatan dalam saham yang dicatat                        2. Placements in shares recorded as investments
                                                                                        2023                                                                                             sebagai penyertaan saham pada Bank                              in shares of the Merged Banks amounted to
                                                                                                                                                                                         Peserta Penggabungan sejumlah Rp599.999                         Rp599,999 each or totaling Rp2,399,996,
                                                                        Nilai nominal                                                                                                    untuk      setiap    Bank     atau    jumlah                    through the transfer of shares of the
                                                                         per lembar                                 Persentase                                                           keseluruhannya       Rp2.399.996,     melalui                   Government of the Republic of Indonesia in
                                                 Jumlah lembar
                                                                            saham
                                                                      (jumlah penuh)/
                                                                                                   Total nilai
                                                                                                     saham
                                                                                                                    kepemilikan
                                                                                                                      saham/
                                                                                                                                                                                         pengalihan saham milik Pemerintah Republik                      each of the Merged Banks to Bank Mandiri, as
                                                    saham/             Nominal value           (jumlah penuh)/      Percentage                                                           Indonesia pada setiap Bank Peserta                              resolved during the respective Extraordinary
                                                   Number of              per Share               Share value           of                                                               Penggabungan kepada Bank Mandiri, seperti                       General Shareholders’ Meetings of the
                                                    shares              (full amount)            (full amount)       ownership                                                           yang telah disebut dalam Rapat Umum                             Merged Banks. Based on the inbreng
           Modal dasar                                                                                                                              Authorised capital                   Pemegang Saham Luar Biasa dari Bank                             agreement approved by Notarial Deed No. 9
                                                                                                                                                                                         Peserta      Penggabungan.       Berdasarkan                    of Notary Sutjipto, S.H., dated 2 October 1998,
              Saham Seri A Dwiwarna                             1                  125                        125           0,00%          Dwiwarna Series A Share                       perjanjian inbreng yang telah diaktakan                         Bank Mandiri and the Government of the
              Saham Biasa Seri B                  127.999.999.999                  125         15.999.999.999.875         100,00%          Series B Common Shares                        dengan Akta No. 9 yang dibuat oleh Notaris                      Republic of Indonesia agreed to transfer those
                                                                                                                                                                                         Sutjipto, S.H., tanggal 2 Oktober 1998, Bank                    shares as payment for new shares to be
           Total modal dasar                      128.000.000.000                              16.000.000.000.000         100,00%              Total authorised capital                  Mandiri dan Pemerintah Republik Indonesia                       issued by Bank Mandiri.
                                                                                                                                                                                         setuju untuk mengalihkan saham-saham
                                                                                                                                                                                         tersebut sebagai pembayaran untuk saham
           Modal ditempatkan dan disetor                                                                                                   Issued and fully paid capital                 baru yang akan dikeluarkan oleh Bank
             Saham Seri A Dwiwarna                                                                                                          Dwiwarna Series A Share
                Negara Republik Indonesia                        1                125                        125            0,00%            Republic of Indonesia
                                                                                                                                                                                         Mandiri.
             Saham Seri B                                                                                                                   Series B Common Shares
                Negara Republik Indonesia          48.533.333.333                 125           6.066.666.666.625          52,00%            Republic of Indonesia                  Berdasarkan perubahan anggaran dasar Bank                       Based on the amendments to the Articles of
                Indonesia Investment Authority      7.466.666.666                 125             933.333.333.250           8,00%   Indonesia Investment Authority                  Mandiri yang dituangkan dalam Akta No. 98 yang                  Association of Bank Mandiri which stated in the
                Dewan Komisaris:
                    Rionald Silaban                     2.017.700                 125                252.212.500            0,00%
                                                                                                                                             Board of Commissioners:
                                                                                                                                                   Rionald Silaban
                                                                                                                                                                                    dibuat oleh Notaris Sutjipto, S.H., tanggal 24 Juli             Notarial Deed No. 98 of Notary Sutjipto, S.H. dated
                    Arif Budimanta                      1.703.900                 125                212.987.500            0,00%                   Arif Budimanta                  1999, pemegang saham memutuskan untuk                           24 July 1999, the shareholders resolved to
                    Faried Utomo                        1.703.900                 125                212.987.500            0,00%                    Faried Utomo                   meningkatkan modal disetor (modal saham)                        increase the paid-in capital (share capital) of Bank
                    Nawal Nely                          1.703.900                 125                212.987.500            0,00%                       Nawal Nely                  Bank Mandiri dari Rp4.000.000 menjadi                           Mandiri from Rp4,000,000 to Rp4,251,000 to be
                    Muhammad Yusuf Ateh                 1.261.100                 125                157.637.500            0,00%          Muhammad Yusuf Ateh                      Rp4.251.000 dan jumlah tersebut akan dibayar                    entirely paid by the Government of the Republic of
                Direksi:
                    Darmawan Junaidi                    6.762.300                 125                 845.287.500           0,01%
                                                                                                                                                   Board of Directors:
                                                                                                                                                Darmawan Junaidi
                                                                                                                                                                                    oleh     Pemerintah       Republik      Indonesia.              Indonesia. The increase of Rp251,000 was a
                    Alexandra Askandar                  7.425.200                 125                 928.150.000           0,01%              Alexandra Askandar                   Penambahan sebesar Rp251.000 merupakan                          conversion from additional paid-in capital to share
                    Ahmad Siddik Badruddin              8.715.900                 125               1.089.487.500           0,01%        Ahmad Siddik Badruddin                     hasil konversi dari tambahan modal disetor                      capital as a result of an excess from
                    Agus Dwi Handaya                    6.755.100                 125                 844.387.500           0,01%               Agus Dwi Handaya                    menjadi modal saham akibat dari adanya                          recapitalisation bonds issued under the First
                    Riduan                              7.000.000                 125                 875.000.000           0,01%                            Riduan                 kelebihan obligasi rekapitalisasi yang diterbitkan              Recapitalisation Program based on Government
                    Aquarius Rudianto                   4.137.300                 125                 517.162.500           0,00%                Aquarius Rudianto
                    Toni Eko Boy Subari                 3.117.500                 125                 389.687.500           0,00%             Toni Eko Boy Subari
                                                                                                                                                                                    dalam     Program     Rekapitalisasi      Pertama               Regulation No. 52 year 1999.
                    Susana Indah K. Indriati            4.438.400                 125                 554.800.000           0,01%         Susana Indah K. Indriati                  berdasarkan Peraturan Pemerintah No. 52
                    Rohan Hafas                         3.000.500                 125                 375.062.500           0,00%                     Rohan Hafas                   Tahun 1999.
                    Sigit Prastowo                      6.305.100                 125                 788.137.500           0,01%                    Sigit Prastowo
                    Timothy Utama                       3.621.900                 125                 452.737.500           0,00%                   Timothy Utama                   Berdasarkan keputusan RUPS-LB tanggal                           Based on the RUPS – LB decision dated 29 May
                    Eka Fitria                            170.000                 125                  21.250.000           0,00%                          Eka Fitria
                Publik (masing-masing
                                                                                                                                                                                    29 Mei 2003 yang dituangkan dalam Akta                          2003, which was documented in Notarial Deed
                    dibawah 5%)                    37.263.493.632                 125           4.657.936.704.000          39,93%               Public (less than 5%)               No. 142 yang dibuat oleh Notaris Sutjipto, S.H.,                No. 142 of Notary Sutjipto, S.H., dated 29 May
                                                                                                                                                                                    tanggal 29 Mei 2003, pemegang saham Bank                        2003, the shareholders approved these following
                                                   93.333.333.332                              11.666.666.666.500         100,00%                                                   Mandiri antara lain menyetujui:                                 matters:
                                                                                                                                                                                    (i) Pelaksanaan Initial Public Offering (IPO).                  (i) Execution of Initial Public Offering (IPO).
                                                                                                                                                                                    (ii) Perubahan struktur permodalan Bank                         (ii) Changes in capital structure of Bank Mandiri.
           Per 31 Desember 2018 terdapat perubahan                                                  As of 31 December 2018, there was a change of                                         Mandiri.
           kepemilikan saham yang dimiliki oleh Dewan                                               ownership of the stock owned by the Board of                                    (iii) Perubahan anggaran dasar Bank Mandiri.                    (iii) Changes in articles of association of Bank
           Komisaris Bank Mandiri, dimana kepemilikan                                               Commissioners of Bank Mandiri, where the                                                                                                              Mandiri.
           saham pada tahun sebelumnya nihil. Kepemilikan                                           ownership of shares in the prior year was nil. The
                                                                                                                                                                                    Sehubungan dengan keputusan perubahan                           In relation to the shareholders decision to change
           saham tersebut dalam rangka pelaksanaan                                                  share ownership was related to the implementation                               struktur permodalan di atas, modal saham                        the capital structure, Bank Mandiri increased its
           POJK No. 45/POJK.03/2015 tentang Penerapan                                               of FSA regulation No. 45/POJK.03/2015, about the                                ditempatkan dan disetor Bank Mandiri dinaikkan                  issued and fully paid capital to Rp10,000,000 and
           Tata Kelola dalam Pemberian Remunerasi Bagi                                              Application of Corporate Governance in Granting                                 menjadi Rp10.000.000 serta dilakukan stock split                stock split from Rp1,000,000 (full amount) per
           Bank Umum, dimana anggota Direksi dan Dewan                                              Remuneration for Commercial Banks, where                                        saham Bank Mandiri yang semula dengan nilai                     share to Rp500 (full amount) per share.
                                                                                                                                                                                    nominal Rp1.000.000 (nilai penuh) per lembar                    Accordingly, the number of authorised shares
           Komisaris Non Independen diberikan remunerasi                                            member of Directors and Non Independent Board                                   menjadi Rp500 (nilai penuh) per lembar saham.                   increased      from    16,000,000      shares   to
           yang bersifat variabel dalam bentuk saham Bank                                           of Commissioners are entitled to variable                                       Dengan dilakukannya stock split tersebut, jumlah                32,000,000,000 shares, and the number of issued
           atas kinerja untuk tahun buku 2017.                                                      remuneration in form of the Bank’s shares for                                   lembar saham modal dasar Bank Mandiri                           and fully paid shares increased from 10,000,000
                                                                                                    financial performance of 2017.                                                  meningkat dari 16.000.000 lembar saham                          shares with a nominal value of Rp1,000,000 (full
                                                                                                                                                                                    menjadi    32.000.000.000      lembar      saham,               amount) to 20,000,000,000 shares with a nominal
                                                                                                                                                                                    sedangkan jumlah lembar saham modal                             value of Rp500 (full amount) which consists of
           Saham yang dimiliki oleh Dewan Komisaris dan                                             Shares owned by the Board of Commissioners and                                  ditempatkan dan disetor meningkat dari                          1 Dwiwarna Series A share and 19,999,999,999
           Direksi untuk tahun yang berakhir pada tanggal                                           Board of Directors for the period and year                                      10.000.000 lembar saham dengan nilai nominal                    Series B common shares which owned by the
           31 Desember 2024 dan 2023 masing-masing                                                  31 December 2024 and 2023 respectively,                                         Rp1.000.000      (nilai      penuh)       menjadi               Republic of Indonesia.
           sebesar 96.094.700 lembar saham dan                                                      amounted to 96,094,700 shares and 69,839,700                                    20.000.000.000 lembar saham dengan nilai
                                                                                                                                                                                    nominal Rp500 (nilai penuh) terdiri dari 1 Saham
           69.839.700 lembar saham atau 0,1% dan 0,07%                                              shares, or 0.1% and 0.07% from the total number                                 Seri A Dwiwarna dan 19.999.999.999 Saham
           dari jumlah lembar saham modal ditempatkan                                               of issued and fully paid-in capital shares.                                     Biasa Seri B yang dimiliki oleh Negara Republik
           dan disetor.                                                                                                                                                             Indonesia.


PT BANK MANDIRI (PERSERO) TBK                                         1582               303
                                                                                                                                                                                                                                          158304                                  ANNUAL REPORT 2024
Page 514
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                               PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED                CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS              KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023             31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)        (Expressed in millions of Rupiah, unless otherwise stated)      (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)        (Expressed in millions of Rupiah, unless otherwise stated)

40. EKUITAS (lanjutan)                                         40. EQUITY (continued)                                           40. EKUITAS (lanjutan)                                        40. EQUITY (continued)
     a.    Modal dasar,         ditempatkan   dan   disetor       a.   Authorised, issued and fully paid capital                    a.   Modal dasar,       ditempatkan     dan    disetor        a.   Authorised, issued and fully paid capital
           (lanjutan)                                                  (continued)                                                       (lanjutan)                                                    (continued)

           Berkaitan      dengan   perubahan    struktur               In relation to the change in capital structure of                 Kenaikan modal saham ditempatkan dan disetor                  The increase in issued and fully paid capital of
           permodalan Bank Mandiri, RUPS-LB juga                       Bank Mandiri, the RUPS–LB also approved the                       Bank Mandiri dari Rp4.251.000 menjadi                         Bank Mandiri from Rp4,251,000 to Rp10,000,000
                                                                                                                                         Rp10.000.000 dilakukan dengan cara sebagai                    was made through the following: (continued)
           menyetujui penetapan bagian dari dana                       allocation on part of recapitalisation fund amounted              berikut: (lanjutan)
           rekapitalisasi sebesar Rp168.801.315 sebagai                to Rp168,801,315 as share premium.                                2. Penambahan           modal   disetor   sebesar             2.   Increase in fully paid capital of Rp5,000,000
           agio saham.                                                                                                                        Rp5.000.000 yang berasal dari tambahan                        from the additional paid-in capital based on
                                                                                                                                              modal      disetor    berdasarkan    KMK-RI                   the Decree of the Ministry of Finance of the
           Perubahan struktur permodalan tersebut di atas              The changes of capital structure that mentioned                        No. 227/202.02/2003 tanggal 23 Mei 2003                       Republic    of     Indonesia     (“KMK     RI”)
           berlaku efektif terhitung sejak tanggal 23 Mei              above became effective started from 23 May 2003,                       tentang      “Besarnya    Nilai  Final   dan                  No. 227/202.02/2003 dated 23 May 2003
           2003, dengan catatan Bank Mandiri harus                     with the conditional requirement that the Bank                         Pelaksanaan Hak-Hak Pemerintah yang                           regarding    “The     Final    Amount      and
           melakukan kuasi-reorganisasi yang ditetapkan                should conduct a quasi-reorganisation before the                       Timbul      Sebagai    Akibat   Penambahan                    Implementation of the Government’s Rights
           dalam    RUPS       selambat-lambatnya    pada              end of 2003 as required in the RUPS.                                   Penyertaan       Modal    Negara    Republik                  Arising from the Additional Share of the
           penutupan buku tahun 2003.                                                                                                         Indonesia ke dalam Modal Perusahaan                           Government of the Republic of Indonesia in
                                                                                                                                              Perseroan (Persero) PT Bank Mandiri                           PT Bank Mandiri (Persero) in Relation to the
           Saham Seri A Dwiwarna merupakan saham yang                  The Dwiwarna Series A share represents a share                         (Persero) Tbk. dalam Rangka Program                           Commercial        Banking      Recapitalisation
                                                                                                                                              Rekapitalisasi Bank Umum”.                                    Program”.
           dimiliki oleh Negara Republik Indonesia dan tidak           owned by the Republic of Indonesia, which is not
           dapat dipindahkan kepada siapapun. Saham Seri               transferrable. It provides the Republic of Indonesia              Program manajemen berbasis saham                              Management stock option plan
           A Dwiwarna memberikan hak istimewa kepada                   with the privileges where RUPS can make decision
           Negara Republik Indonesia dimana dalam                      only if the Dwiwarna Series A shareholder attend                  Berdasarkan Keputusan RUPS-LB tanggal                         Based on the RUPS - LB held on 29 May 2003,
           agenda-agenda tertentu, RUPS hanya dapat                    and approve certain agendas.                                      29 Mei 2003 sebagaimana tertuang dalam akta                   which was notarised by Notary Sutjipto, S.H., in
           memutuskan jika pemegang saham Seri A                                                                                         Notaris Sutjipto, S.H., No. 142 tanggal 29 Mei                Notarial Deed No. 142 dated 29 May 2003, the
           Dwiwarna hadir dan menyetujui usul agenda                                                                                     2003, pemegang saham Bank Mandiri juga                        Bank’s shareholders also agreed on employee and
           dimaksud.                                                                                                                     menyetujui rencana kepemilikan saham oleh                     directors stock ownership plan through an
                                                                                                                                         pegawai dan Direksi melalui Program Penjatahan                Employee Stock Allocation (“ESA”) Program and a
           Beberapa agenda RUPS yang wajib dihadiri dan                The agenda of RUPS where the shareholder of                       Saham/Employee Stock Allocation (“ESA”) dan                   Management Stock Option Plan (“MSOP”). The
           disetujui oleh Pemegang Saham Seri A                        Dwiwarna Series A are mandatory to attend and                     Pemberian Opsi Pembelian Saham kepada                         ESA program consists of a Share Plan Bonus and
           Dwiwarna agar RUPS dapat memutus adalah                     approve are:                                                      Manajemen/Management Stock Option Plan                        a Share Purchase at Discount program. MSOP is
                                                                                                                                         (“MSOP”). Program ESA terdiri dari program                    designated for Directors and Senior Management
           agenda RUPS yang terkait dengan:                                                                                              Pemberian Saham Bonus (Share Plan Bonus)                      at certain levels and based on certain criteria. All
           1. Penambahan modal.                                        1.   Increases in capital.                                        dan program Penjatahan Saham dengan Diskon                    costs and discounts related to the ESA program
           2. Pengangkatan dan pemberhentian Direksi                   2.   Appointment and termination of the Boards of                 (Share Purchase at Discount). Sedangkan                       are recognised by the Bank through allocation of
                dan Dewan Komisaris.                                        Directors and Commissioners.                                 program MSOP ditujukan untuk Direksi dan                      reserves. The management and execution of the
           3. Perubahan anggaran dasar.                                3.   Amendment of the Articles of Association.                    pegawai pimpinan pada tingkatan (grade) atau                  ESA and MSOP programs are performed by the
           4. Penggabungan,          peleburan      dan                4.   Mergers, acquisitions and takeovers.                         kriteria tertentu. Biaya dan diskon atas program              Board of Directors, while the supervision is
                pengambilalihan.                                                                                                         ESA tersebut menjadi tanggungan Bank Mandiri                  performed by the Board of Commissioners.
           5. Pembubaran dan likuidasi.                                5.   Dissolution and liquidation.                                 yang bebannya bersumber dari cadangan yang
                                                                                                                                         telah dibentuk. Pengelolaan dan pelaksanaan
           Perubahan      struktur   modal   sebagaimana               The changes in the capital structure were based on                program ESA dan MSOP dilakukan oleh Direksi,
           disebutkan di atas telah dicantumkan dalam                  the Minutes of Meeting regarding the Amendment                    sedangkan pengawasannya dilakukan oleh
           Pernyataan     Keputusan    Rapat    Perubahan              of the Articles of Association (Pernyataan                        Dewan Komisaris.
           Anggaran Dasar PT Bank Mandiri (Persero) Tbk.               Keputusan Rapat Perubahan Anggaran Dasar) of                      Pada tanggal 14 Juli 2003, Pemerintah Republik                On 14 July 2003, the Government of the Republic
           yang dituangkan dalam akta notaris Sutjipto,                PT Bank Mandiri (Persero) as stated in Notarial                   Indonesia melepaskan 4.000.000.000 lembar                     of Indonesia divested 4,000,000,000 shares
           S.H., No. 2 tanggal 1 Juni 2003. Perubahan                  Deed of Sutjipto, S.H. No. 2 dated 1 June 2003.                   sahamnya,         yang    mewakili     20,00%                 representing 20.00% of its ownership in Bank
           tersebut telah disahkan oleh Menteri Hukum dan              The amendment was approved by the Ministry of                     kepemilikannya di Bank Mandiri, melalui Initial               Mandiri through an Initial Public Offering (“IPO”).
           Hak Asasi Manusia Republik Indonesia, dengan                Law and Human Rights of the Republic of                           Public Offering (“IPO”).
           Surat Keputusan No. C-12783.HT.01.04.TH.2003                Indonesia       through        Decision      Letter
           tanggal 6 Juni 2003 dan diumumkan pada                      No. C-12783.HT.01.04.TH.2003 dated 6 June 2003                    Sebagai tindak lanjut dari Peraturan Pemerintah               As a follow up action on the Government of
           tambahan No. 6590 dalam Berita Negara                       and announced in Appendix No. 6590 of State                       Republik Indonesia No. 27/2003 tanggal 2 Juni                 Republic of Indonesia Regulation No. 27/2003
           Republik Indonesia No. 63 tanggal 8 Agustus                 Gazette of the Republic of Indonesia No. 63 dated                 2003 yang menyetujui divestasi sampai 30,00%                  dated 2 June 2003, which approved the divestment
           2003.                                                       8 August 2003.                                                    atas kepemilikan Pemerintah di Bank Mandiri                   of the Government ownership in Bank Mandiri of
                                                                                                                                         dan berdasarkan keputusan Tim Kebijakan                       up to 30.00%, and based on a decision of Tim
           Kenaikan modal saham ditempatkan dan disetor                The increase in issued and fully paid capital of                  Privatisasi   Badan    Usaha      Milik  Negara               Kebijakan Privatisasi Badan Usaha Milik Negara
                                                                                                                                         No. Kep-05/TKP/01/2004 tanggal 19 Januari                     No. Kep-05/TKP/01/2004 dated 19 January 2004,
           Bank Mandiri dari Rp4.251.000 menjadi                       Bank Mandiri from Rp4,251,000 to Rp10,000,000                     2004, Pemerintah Republik Indonesia melakukan                 the Government of the Republic of Indonesia
           Rp10.000.000 dilakukan dengan cara sebagai                  was made through the following:                                   divestasi lanjutan atas 10,00% kepemilikan di                 divested an additional 10.00% of ownership
           berikut:                                                                                                                      Bank Mandiri atau sebanyak 2.000.000.000                      interest in Bank Mandiri or 2,000,000,000 shares of
           1. Pengembalian sebagian modal disetor                      1.   Partial return of fully paid capital of Rp251,000            lembar saham Biasa Seri B pada tanggal                        Series B common shares on 11 March 2004
                sebesar Rp251.000 kepada Pemerintah                         to the Government as a part of the return of                 11 Maret 2004 melalui private placement.                      through private placement.
                sebagai bagian dari kelebihan dana                          excess recapitalisation fund of Rp1,412,000
                rekapitalisasi yang masih ditahan pada Bank                 which was retained by Bank Mandiri, and an                   Pada saat pelaksanaan IPO tanggal 14 Juli 2003,               On 14 July 2003, the date of the IPO, through
                Mandiri     sebesar     Rp1.412.000      dan                increase in paid-in capital amounted to                      Bank Mandiri memberikan opsi pembelian saham                  MSOP Stage 1, the Bank issued 378,583,785
                meningkatkan      modal    disetor  sebesar                 Rp1,000,000 from the capitalisation of                       kepada manajemen melalui program MSOP                         share options for the management with an exercise
                Rp1.000.000       dari    pengkapitalisasian                reserves, based on Government Regulation                     Tahap 1 sebanyak 378.583.785 opsi dengan                      price of Rp742.50 (full amount) per share and a
                cadangan,        berdasarkan       Peraturan                No. 26 year 2003 dated 29 May 2003,                          harga eksekusi sebesar Rp742,50 (nilai penuh)                 nominal value of Rp500 (full amount) per share.
                Pemerintah No. 26 Tahun 2003 tanggal 29                     regarding the Conversion of the Investment of                per lembar saham dan nilai nominal Rp500 (nilai               The share options are recorded in the
                                                                                                                                         penuh) per lembar saham. Pemberian opsi                       Shareholders’ Equity account - Share Options at
                Mei 2003 tentang Konversi Penyertaan                        the Republic of Indonesia into the Paid-in                   saham ini dibukukan pada pos ekuitas - opsi                   fair value amounted to Rp69.71 (full amount) per
                Modal Negara Republik Indonesia ke dalam                    Capital of PT Bank Mandiri (Persero), and                    saham dengan nilai wajar opsi saham sebesar                   share options. MSOP Stage 1 has been exercised
                modal saham PT Bank Mandiri (Persero)                       Decree of the Ministry of State-Owned                        Rp69,71 (nilai penuh) per lembar. Opsi yang                   in total 375,365,957 shares, thereby increasing the
                Tbk. dan Keputusan Menteri Negara Badan                     Enterprises (“BUMN”), as the Bank’s                          dieksekusi dari MSOP Tahap 1 adalah sebesar                   total issued and fully paid capital by Rp187,683,
                Usaha Milik Negara (“BUMN”), selaku                         shareholders’,        No. KEP-154/M-MBU/2002                 375.365.957     lembar     saham     sehingga                 and share premium by Rp117,193.
                Pemegang Saham PT Bank Mandiri                              dated 29 October 2002.                                       mengakibatkan penambahan Modal Ditempatkan
                (Persero) Tbk. No. KEP-154/M-MBU/2002                                                                                    dan Disetor sebesar Rp187.683, penambahan
                tanggal 29 Oktober 2002.                                                                                                 agio saham sebesar Rp117.193.


PT BANK MANDIRI (PERSERO) TBK                         1584       305                                                                                                                         1585
                                                                                                                                                                                                306                                  ANNUAL REPORT 2024
Page 515
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                             PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                   DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED               CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS             KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                31 DECEMBER 2024 AND 2023            31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)       (Expressed in millions of Rupiah, unless otherwise stated)     (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)        (Expressed in millions of Rupiah, unless otherwise stated)


40. EKUITAS (lanjutan)                                        40. EQUITY (continued)                                          40. EKUITAS (lanjutan)                                        40. EQUITY (continued)

     a.    Modal dasar,         ditempatkan   dan   disetor      a.   Authorised, issued and fully paid capital                   a.   Modal dasar,       ditempatkan     dan    disetor        a.   Authorised, issued and fully paid capital
           (lanjutan)                                                 (continued)                                                      (lanjutan)                                                    (continued)

           Program manajemen berbasis saham (lanjutan)                Management stock option plan (continued)                         Program manajemen berbasis saham (lanjutan)                   Management stock option plan (continued)

           Selanjutnya pada RUPS Tahunan tanggal 16 Mei               The Annual General Meeting of Shareholders on                    HMETD sebanyak 2.336.838.591 lembar saham                     The Pre-emptive Rights of 2,336,838,591 shares
           2005 telah disetujui pemberian MSOP Tahap 2                16 May 2005 approved MSOP Stage 2 amounted                       diperdagangkan selama periode 14 - 21 Februari                were    traded     during    the    period     of
           sebanyak 312.000.000 opsi saham. Harga                     to 312,000,000 share options. The exercise price                 2011 dengan harga pelaksanaan sebesar                         14 - 21 February 2011 with an exercise price of
           eksekusi per lembar saham adalah sebesar                   for each share is Rp1,190.50 (full amount) to be                 Rp5.000 (nilai penuh) per lembar saham yang                   Rp5,000 (full amount) per share which resulted in
           Rp1.190,50 (nilai penuh) untuk pelaksanaan di              exercised in the first year and Rp2,493 (full                    mengakibatkan penambahan modal ditempatkan                    an additional of issued and paid-up capital
           tahun pertama dan Rp2.493 (nilai penuh) untuk              amount) to be exercised in the second year                       dan disetor sebesar Rp1.168.420.                              amounted to Rp1,168,420.
           pelaksanaan di tahun kedua dan di tahun                    and the following year. The nominal value per
           berikutnya. Nilai nominal per lembar saham                 share is Rp500 (full amount). The Bank recorded             b.   Tambahan modal disetor/agio saham                        b.   Additional paid-in capital/share premium
           adalah Rp500 (nilai penuh). Pemberian opsi                 MSOP Stage 2 in the shareholders’ equity
           saham ini dibukukan pada pos ekuitas - opsi                account - Share Options with fair value amounted                 Tambahan modal disetor/agio saham pada                        The additional paid-in capital/shares premium as of
           saham dengan nilai wajar opsi saham                        to Rp642.28 (full amount) per share options.                     tanggal 31 Desember 2024 dan 2023 masing-                     31 December 2024 and 2023 amounted to
           sebesar Rp642,28 (nilai penuh) per lembar. Opsi            MSOP Stage 2 has been exercised in total of                      masing       sebesar      Rp18.095.274     dan                Rp18,095,274 and Rp17,643,264, respectively
           yang dieksekusi dari MSOP Tahap 2 adalah                   311,713,697 shares thereby increasing the total                  Rp17.643.264 berasal dari Penawaran Umum                      from the Limited Public Offering (LPO), the
           sebesar 311.713.697 lembar saham sehingga                  issued and fully paid capital by Rp155,857 and                   Terbatas (“PUT”), Program Rekapitalisasi                      Recapitalization Program (Note 1c) and sale of
           mengakibatkan penambahan modal ditempatkan                 share premium by Rp425,233.                                      (Catatan 1c) dan penjualan kepemilikan saham                  Bank      Mandiri’s     share      ownership      in
           dan disetor sebesar Rp155.857 dan penambahan                                                                                Bank Mandiri di PT Usaha Gedung Mandiri                       PT Usaha Gedung Mandiri (“UGM”) and PT Bumi
           agio saham sebesar Rp425.233.                                                                                               (“UGM”) dan PT Bumi Daya Plaza (“BDP”) serta                  Daya Plaza (“BDP”) as well as the business
                                                                                                                                       penggabungan usaha Bank Syariah Mandiri                       merger of Bank Syariah Mandiri (“BSM”), Bank
           RUPS Tahunan tanggal 22 Mei 2006                           The Annual General Meeting of Shareholders on                    (“BSM”), Bank Rakyat Indonesia Syariah (“BRIS”)               Rakyat Indonesia Syariah (“BRIS”) and Bank
           menyetujui pemberian MSOP Tahap 3 sebanyak                 22 May 2006 approved MSOP Stage 3 amounted                       dan Bank Negara Indonesia Syariah (“BNIS”)                    Negara Indonesia Syariah (“BNIS”) became Bank
           309.416.215 opsi saham.                                    to 309,416,215 share options.                                    menjadi Bank Syariah Indonesia (“BSI”). Agio                  Syariah Indonesia (“BSI”). The shares premium
                                                                                                                                       saham sebesar Rp17.535.764 termasuk agio                      amounted to Rp17,535,764 including premium
           Harga eksekusi opsi per lembar saham MSOP                  The exercise price for each share in the MSOP                    yang berasal dari PUT (Catatan 40a) sebesar                   from the LPO (Note 40a) amounted to
           Tahap 3 adalah sebesar Rp1.495,08 (nilai penuh)            Stage 3 is Rp1,495.08 (full amount) with nominal                 Rp10.515.774 sebelum dikurangi dengan biaya-                  Rp10,515,774 before deducting the costs related to
           dengan nilai nominal Rp500 (nilai penuh) per               value of Rp500 (full amount) per share. The Bank                 biaya yang terkait PUT sebesar Rp274.078.                     the LPO amounted to Rp274,078. The additional
           lembar saham. Pemberian opsi saham ini                     recorded MSOP Stage 3 as part of the                             Penambahan agio saham di tahun 2013 sebesar                   share premium in 2013 amounted to Rp113,817 in
           dibukukan pada pos ekuitas - opsi saham dengan             shareholders’ equity account at fair value                       Rp113.817 di laporan keuangan konsolidasian                   the consolidated financial statements (Rp273,932
           nilai wajar opsi saham sebesar Rp593,89 (nilai             amounted to Rp593.89 (full amount) per share                     (Rp273.932 di laporan keuangan Entitas Induk)                 in the financial statements of the Parent Entity)
           penuh) per lembar. Opsi yang dieksekusi dari               option. The total option that has been exercised in              berasal dari pengalihan kepemilikan saham Bank                came from the transfer of ownership of Bank
           MSOP Tahap 3 adalah sebesar 309.415.088                    MSOP Stage 3 was 309,415,088 shares thereby                      Mandiri di UGM dan BDP kepada entitas-entitas                 Mandiri's shares in UGM and BDP to entities under
           lembar     saham     sehingga    mengakibatkan             increasing the total issued and fully paid capital by            sepengendali, yaitu selisih antara harga jual                 common control, i.e. the difference between the
           penambahan modal ditempatkan dan disetor                   Rp154,707 and share premium by Rp491,651.                        dengan nilai tercatat penyertaan di laporan                   selling price and the carrying amount of the
           sebesar Rp154.707 dan penambahan agio                                                                                       keuangan konsolidasian. Penambahan agio                       investment     in   the    consolidated    financial
           saham sebesar Rp491.651.                                                                                                    saham sebesar Rp327.072 berasal dari                          statements. The additional shares premium of
                                                                                                                                       penggabungan usaha BSM, BRIS dan BNIS                         Rp327,072 from the merger of BSM, BRIS and
           Pada tanggal 27 Desember 2010, Bank telah                  On 27 December 2010, Bank Mandiri submitted a                    menjadi BSI.                                                  BNIS into BSI.
           melakukan pendaftaran pertama kepada Otoritas              first registration to Financial Services Authority
           Jasa Keuangan (“OJK”) (dahulu Badan                        (“FSA”) (formerly Capital Market Supervisory                     Selisih antara harga jual dengan nilai tercatat               The difference between selling price and book
           Pengawas Pasar Modal dan Lembaga Keuangan                  Board and Financial Institution (Bapepam and LK))                penyertaan yang dicatat sebagai agio saham di                 value of shares recorded as share premium in
           (Bapepam dan LK)) dalam rangka Penawaran                   in relation to the Limited Public Offering (“LPO”) to            laporan keuangan induk Bank dan laporan                       Parent Entity and consolidated financial statements
           Umum Terbatas (“PUT”) kepada para pemegang                 the Bank’s shareholders in respect to the issuance               konsolidasian adalah masing-masing sebesar                    are amounted to Rp273,932 and Rp113,817,
           saham Bank dalam rangka Penerbitan Hak                     of Pre-emptive Rights ("HMETD") of 2,336,838,591                 Rp273.932 dan Rp113.817.                                      respectively.
           Memesan Efek Terlebih Dahulu (“HMETD”)                     series B shares. The Limited Public Offering has
           sebanyak 2.336.838.591 lembar saham seri B.                been approved by the Board of Commissioners                      Berdasarkan hasil dari uji telaah/due diligence               Based on the results of a due diligence review
           PUT ini telah mendapatkan persetujuan dari                 through its letter dated 29 April 2010. The Bank                 review yang dilaksanakan atas nama Pemerintah                 conducted on behalf of the Government dated
           Dewan Komisaris melalui suratnya tertanggal 29             has submitted the notification letter regarding the              tanggal 31 Desember 1999 dan Kontrak                          31 December 1999 and Management Contract
           April   2010.    Bank     telah   menyampaikan             Limited Public Offering to Bank Indonesia through                Manajemen (“IMPA") tanggal 8 April 2000,                      (“IMPA”) dated 8 April 2000, it was decided that
           pemberitahuan mengenai PUT kepada Bank                     its letter dated 17 September 2010. The Limited                  ditetapkan      bahwa    terdapat    kelebihan                there was an excess on recapitalisation amounted
           Indonesia melalui surat tertanggal 17 September            Public Offering has been enacted through the                     rekapitalisasi sebesar Rp4.069.000. Bank telah                to Rp4,069,000. The Bank has refunded
           2010. PUT ini juga telah diundangkan melalui               Indonesian Government Regulation No. 75 year                     mengembalikan Rp2.657.000 dari Obligasi                       Rp2,657,000 of Government Recapitalisation
           Peraturan Pemerintah Republik Indonesia No. 75             2010 dated 20 November 2010.                                     Rekapitalisasi Pemerintah ke Pemerintah pada                  Bonds to the Government on 7 July 2000 pursuant
           tahun 2010 tertanggal 20 November 2010.                                                                                     tanggal 7 Juli 2000 sesuai dengan kontrak                     to the Management Contract. The remaining
                                                                                                                                       manajemen. Sedangkan atas sisa kelebihan                      balance of Rp1,412,000 was refunded to the
           PUT telah mendapat persetujuan efektif dari                LPO has been approved by Bapepam-LK through                      sebesar Rp1.412.000 telah dikembalikan kepada                 Government on 25 April 2003 based on approval
           Bapepam-LK melalui surat No. S-807/BL/2011                 its     letter  No.      S-807/BL/2011 dated                     Pemerintah pada tanggal 25 April 2003 sesuai                  from the shareholders during its meeting on
           tertanggal 27 Januari 2011, dimana PUT menjadi             27 January 2011, and the LPO has become                          dengan persetujuan dari pemegang saham                        29 October 2002 and the Ministry of State-Owned
           efektif setelah mendapat persetujuan dari                  effective after obtaining approval in the                        dalam rapat tanggal 29 Oktober 2002 dan Surat                 Enterprises Decision Letter No. KEP-154/M-
           pemegang saham dalam Rapat Umum                            Extraordinary General Meeting of Shareholders                    Keputusan Menteri BUMN No. KEP-154/M-                         MBU/2002 dated 29 October 2002.
           Pemegang Saham Luar Biasa yang dilaksanakan                held on 28 January 2011.                                         MBU/2002 tanggal 29 Oktober 2002.
           pada tanggal 28 Januari 2011.


PT BANK MANDIRI (PERSERO) TBK                        1586       307                                                                                                                        1587
                                                                                                                                                                                              308                                  ANNUAL REPORT 2024
Page 516
          FINANCIAL STATEMENTS 2024


                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                                 PT BANK MANDIRI (PERSERO) Tbk.
                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED               CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS             KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                    31 DECEMBER 2024 AND 2023            31 DESEMBER 2024 DAN 2023                                                                   31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)     (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)


40. EKUITAS (lanjutan)                                            40. EQUITY (continued)                                          40. EKUITAS (lanjutan)                                          40. EQUITY (continued)

     b.    Tambahan        modal      disetor/agio     saham         b.   Additional    paid-in    capital/share     premium          c.   Distribusi laba bersih                                       c.   Distribution of net income
           (lanjutan)                                                     (continued)
                                                                                                                                           Dalam Rapat Umum Pemegang Saham Tahunan                           Based on the Annual General Meeting of
                                                                                                                                           (“RUPST”) yang diadakan tanggal 7 Maret 2024                      Shareholders (“RUPST”) held on 7 March 2024
           Termasuk di dalam jumlah pengembalian sisa                     The refund for above excess of recapitalisation                  dan 14 Maret 2023, para pemegang saham                            and 14 March 2023, the shareholders approved
           kelebihan    dana      rekapitalisasi  sebesar                 amounted to Rp1,412,000 includes a portion of                    menyetujui distribusi laba bersih tahun 2023 dan                  the distribution of the 2023 and 2022 net income
           Rp1.412.000 di atas adalah bagian dari modal                   issued and fully paid capital of Rp251,000.                      2022 sebagai berikut:                                             as follows:
           ditempatkan dan disetor sebesar Rp251.000.
                                                                                                                                                                                       2023                    2022
           Pada tanggal 23 Mei 2003, Menteri Keuangan                     On 23 May 2003, the Minister of Finance of the
           Republik Indonesia telah mengeluarkan Surat                    Republic of Indonesia issued Decree (KMK-RI)                     Dividen                                      33.036.034             24.702.382                               Dividends
           Keputusan (KMK-RI) No. 227/KMK.02/2003                         No. 227/KMK.02/2003 dated 23 May 2003, which
                                                                                                                                           Laba ditahan                                                                                         Retained earnings
           tanggal 23 Mei 2003 dan kemudian diubah                        was amended by KMK-RI No. 420/KMK.02/2003                          Belum ditentukan penggunaannya             22.024.023             16.468.255                       Unappropriated
           dengan KMK-RI No. 420/KMK.02/2003 tanggal                      dated 30 September 2003, which provides further
           30 September 2003 sebagai ketentuan lebih                      guidance on Government Regulations No. 52 year                                                                55.060.057             41.170.637
           lanjut atas pelaksanaan Peraturan Pemerintah                   1999 and No. 97 year 1999 regarding the final
           No. 52 tahun 1999 dan No. 97 tahun 1999                        additional Government participation in Bank                      Dividen per lembar saham                                                                            Dividend per share
           mengenai jumlah final tambahan penyertaan                      Mandiri’s capital.                                                 (nilai penuh)                                     353,96               529,34                         (full amount)
           modal Negara dalam modal Bank Mandiri.
                                                                                                                                           Dividen atas laba bersih tahun 2023 sebesar                       Dividends from 2023 net income amounted to
           Hal-hal yang diputuskan dalam KMK - RI ini                     The following are the matters decided under the                  Rp33.036.034 dibayarkan pada tanggal 28 Maret                     Rp33,036,034 were paid on 28 March 2024 and
           adalah sebagai berikut:                                        KMK-RI:                                                          2024 dan dividen atas laba bersih tahun 2022                      dividends from 2022 net income amounted to
           a. Nilai final kebutuhan rekapitalisasi Bank                   a. The final Bank Mandiri recapitalisation amount                sebesar Rp24.702.382 dibayarkan pada tanggal                      Rp24,702,382 were paid on 12 April 2023.
               Mandiri adalah sebesar Rp173.801.315;                          is Rp173,801,315;                                            12 April 2023. Pembagian dividen tersebut                         Distribution of dividends were recorded in the
           b. Terhadap      dana    rekapitalisasi senilai                b. The recapitalisation fund of Rp5,000,000 is                   dibukukan sebagai pengurang saldo laba dalam                      Consolidated Statements of Changes in Equity
               Rp5.000.000 dikonversi dengan 5.000.000                        converted into 5,000,000 new shares issued                   Laporan Perubahan Ekuitas Konsolidasian                           with approval from RUPST.
               lembar saham baru yang diterbitkan oleh                        by Bank Mandiri with a nominal value of                      sesuai dengan persetujuan RUPST.
               Bank Mandiri dengan nilai nominal                              Rp1,000,000 (full amount) per share;                    d.   Saham treasuri                                               d.   Treasury stock
               Rp1.000.000 (nilai penuh) per lembar
               saham;                                                                                                                      Bank melakukan pembelian kembali saham Bank                       The Bank buyback its shares which was triggered
           c. Terhadap sisa dana rekapitalisasi senilai                   c.   The remaining recapitalisation fund amount of               yang dipicu oleh perlambatan dan tekanan                          by a slowdown and economic pressure both
               Rp168.801.315 dibukukan sebagai agio                            Rp168,801,315 is recorded as share premium                  ekonomi baik secara regional dan nasional yang                    regionally and nationally, among others, was
               pada struktur modal Bank Mandiri.                               within the capital structure of Bank Mandiri.               antara lain disebabkan oleh wabah Covid-19.                       caused by the Covid-19 outbreak. Furthermore, the
                                                                                                                                           Selanjutnya, kondisi perdagangan saham di                         condition of stock trading on the Indonesia Stock
           Dengan dilaksanakannya kuasi-reorganisasi oleh                 Through      quasi-reorganisation,    the Bank’s                 Bursa Efek Indonesia sejak awal tahun 2020                        Exchange from the beginning of 2020 to
           Bank, saldo rugi sebelum kuasi-reorganisasi                    accumulated losses as of 30 April 2003 amounted                  sampai dengan tanggal 9 Maret 2020 mengalami                      9 March 2020 experienced significant pressure as
                                                                                                                                           tekanan yang signifikan yang diindikasikan dari                   indicated by a decrease in the Composite Stock
           pada    tanggal     30 April  2003    sebesar                  to Rp162,874,901 were eliminated against                         penurunan Indeks Harga Saham Gabungan                             Price Index (“IHSG”) of 18.46%. Furthermore, in
           Rp162.874.901 dieliminasi ke akun tambahan                     additional paid-in capital/share premium.                        (“IHSG”) sebesar 18,46%. Selanjutnya, untuk                       order to provide an economic stimulus and reduce
           modal disetor/agio.                                                                                                             memberikan       stimulus   perekonomian     dan                  the impact of a significantly fluctuating market,
                                                                                                                                           mengurangi dampak pasar yang berfluktuasi                         Financial Service Authority (FSA) issued SEOJK
           Pada tanggal 1 Februari 2021 terdapat transaksi                On 1 February 2021, there was a transaction                      secara signifikan maka OJK mengeluarkan                           No. 3/SEOJK.04/2020, to ease Issuers or Public
           pembentukan PT Bank Syariah Indonesia Tbk                      involving the establishment of PT Bank Syariah                   SEOJK No. 3/SEOJK.04/2020, yang bertujuan                         Companies to carry out corporate action to buy
           yang merupakan hasil penggabungan PT Bank                      Indonesia Tbk, which included the merger of                      untuk memberi kemudahan bagi Emiten atau                          back shares without violating applicable laws and
           Syariah Mandiri (BSM), PT Bank BRISyariah Tbk                  PT Bank Syariah Mandiri (BSM), PT Bank                           Perusahaan Publik untuk melakukan aksi                            regulations. This is one of the considerations for
                                                                                                                                           korporasi pembelian saham kembali tanpa                           the Bank to carry out the buyback process.
           (BRIS), dan PT Bank BNI Syariah (BNIS)                         BRISyariah Tbk (BRIS), and PT Bank BNI Syariah                   melanggar peraturan perundang-undangan yang
           merupakan kombinasi bisnis entitas pengendali.                 (BNIS). This transaction constituted a business                  berlaku. Hal ini menjadi salah satu pertimbangan
           Perbedaan antara jumlah imbalan yang                           combination of controlling entities. The difference              bagi Bank untuk melakukan proses pembelian
           dialihkan dan jumlah tercatat investasi yang                   between the consideration transferred and the fair               kembali saham (buyback).
           diperoleh dari transaksi ini diakui sebagai “Selisih           value of the acquired investments from this
           Nilai Transaksi Kombinasi Bisnis Entitas                       transaction   is   recognised       as   "Business               Dalam hal pembelian kembali saham, Bank                           For the share buyback, the Bank also refers to
           Sepengendali” dan disajikan sebagai bagian                     Combination Transaction Value Difference" and                    mengacu         pada         Peraturan       OJK                  FSA Regulation No. 2/POJK.04/2013 regarding the
           “Tambahan Modal disetor” sebesar Rp327.072                     presented as part of "Additional Paid-in Capital"                No. 2/POJK.04/2013 tentang Pembelian Kembali                      Buyback Shares Issued by Issuers or Public
           (Catatan 1g).                                                  amounting to Rp327,072 (Note 1g).                                Saham Yang Dikeluarkan Oleh Emiten atau                           Companies in Market Conditions that Flu ctuate
                                                                                                                                           Perusahaan Publik Dalam Kondisi Pasar Yang                        Significantly ("POJK No. 2/POJK.04/2013") as
           Pada tanggal 26 Juni 2024 Bank Mandiri telah                   On 26 June 2024, Bank Mandiri lost control over                  Berfluktuasi    Secara      Signifikan    (“POJK                  amended by POJK No. 13 Year 2023 regarding
           kehilangan pengendalian atas Mandiri Inhealth                  Mandiri Inhealth, resulting in Bank Mandiri ceasing              No. 2/POJK.04/2013”)      sebagaimana      diubah                 Policy    In    Maintaining    Performance       And
                                                                                                                                           dengan POJK No. 13 Tahun 2023 Tentang                             Capital Market Stability In Significantly Fluctuating
           yang mengakibatkan Bank Mandiri menghentikan                   recognition of Mandiri Inhealth's net assets at their
                                                                                                                                           Kebijakan Dalam Menjaga Kinerja Dan Stabilitas                    Market      Conditions.   FSA      Circular    Letter
           pengakuan terhadap aset bersih Mandiri Inhealth                carrying amount. The difference between the                      Pasar Modal Pada Kondisi Pasar Yang                               No. 3/SEOJK.04/2020 regarding Other Conditions
           pada nilai tercatatnya. Perbedaan antara jumlah                consideration received and the carrying amount of                Berfluktuasi Secara Signifikan. Surat Edaran OJK                  as Market Conditions with Significant Fluctuation in
           imbalan yang diterima dan jumlah tercatat                      the investments acquired from this transaction is                No. 3/SEOJK.04/2020 tentang Kondisi Lain                          the Implementation of Share Buybacks Issued by
           investasi yang diperoleh dari transaksi ini diakui             recognised as "Business Combination Transaction                  Sebagai Kondisi Pasar Yang Berfluktuasi Secara                    Issuers or Public Companies ("SEOJK No.
           sebagai “Selisih Nilai Transaksi Kombinasi Bisnis              Value Difference" and presented as part of                       Signifikan Dalam Pelaksanaan Pembelian                            3/SEOJK.04/2020").
           Entitas Sepengendali” dan disajikan sebagai                    "Additional Paid-in Capital" amounting to                        Kembali Saham Yang Dikeluarkan Oleh
           bagian “Tambahan Modal disetor” sebesar                        Rp452,010 (Note 1g).                                             Emiten Atau Perusahaan Publik (“SEOJK
           Rp452.010 (Catatan 1g).                                                                                                         No. 3/SEOJK.04/2020”).



PT BANK MANDIRI (PERSERO) TBK                            1588       309                                                                                                                         1589
                                                                                                                                                                                                   310                                      ANNUAL REPORT 2024
Page 517
          FINANCIAL STATEMENTS 2024


                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                           PT BANK MANDIRI (PERSERO) Tbk.
                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                 DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED              CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS            KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                31 DECEMBER 2024 AND 2023           31 DESEMBER 2024 DAN 2023                                                                  31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)       (Expressed in millions of Rupiah, unless otherwise stated)    (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)         (Expressed in millions of Rupiah, unless otherwise stated)

40. EKUITAS (lanjutan)                                        40. EQUITY (continued)                                         41. PENDAPATAN         BUNGA       DAN     PENDAPATAN          41. INTEREST INCOME AND SHARIA INCOME
                                                                                                                                 SYARIAH
     d.    Saham treasuri (lanjutan)                             d.   Treasury stock (continued)
                                                                                                                                 Pendapatan bunga dan pendapatan syariah adalah                   Interest income and sharia income are as follow:
                                                                                                                                 sebagai berikut:
           Pembelian kembali saham Bank dilakukan                     The buyback of the shares were carried out in
           secara bertahap untuk periode 3 (tiga) bulan               stages for a period of 3 (three) months starting                                                            2024                   2023
           terhitung sejak tanggal 20 Maret 2020 sampai               from 20 March 2020 to 19 June 2020, where the
           dengan 19 Juni 2020 dimana pelaksanaan                     buyback transactions were carried out through the
           transaksi pembelian saham dilaksanakan melalui             Indonesia Stock Exchange. Until the period of              Pendapatan bunga                                                                                           Interest income
           Bursa Efek Indonesia. Sampai dengan periode                share buyback, the Bank has bought back                    Kredit yang diberikan                            100.107.075            84.335.234                                   Loans
           pembelian kembali saham tersebut, Bank                     35,400,000 (full amount) shares with a total               Obligasi pemerintah                               15.186.343            16.065.744                      Government bonds
           membeli kembali 35.400.000 (angka penuh)                   acquisition value of Rp150,895 which are recorded          Pendapatan pembiayaan konsumen                     7.092.516             6.285.050            Consumer financing income
                                                                                                                                 Penempatan pada Bank Indonesia                                                            Placements with Bank Indonesia
           lembar saham dengan total nilai perolehan                  as treasury shares, which are a deduction of                 dan bank lain                                    3.507.428             3.319.077                      and other banks
           sebesar Rp150.895 yang dicatat sebagai saham               equity.                                                    Efek-efek                                          2.419.111             2.494.256                   Marketable securities
           treasuri yang merupakan pengurang ekuitas.                                                                            Tagihan lainnya - transaksi                                                                     Others receivables - trade
                                                                                                                                   perdagangan                                          844.744             712.280                          transactions
           Sesuai dengan Keterbukaan Informasi Bank                   In accordance with the Bank's Disclosure of                Efek-efek yang dibeli dengan janji                                                             Securities purchased under
           pada tanggal 17 Juni 2022, per tanggal                     Information on 17 June 2022, as of 31 December               dijual kembali                                       416.157             497.939                 agreements to resell
           31 Desember 2022 Bank sudah tidak memiliki                 2022 the Bank no longer owns treasury shares.              Marjin                                                  59.976              32.979                                   Margin
           saham treasuri. Berdasarkan keputusan Rapat                Based on the decision of the Bank's Annual                 Lain-lain                                                5.291               5.062                                   Others
           Umum Pemegang Saham Tahunan Bank tanggal                   General Meeting of Shareholders on 10 March
           10 Maret 2022 antara lain telah disetujui                  2022, among others, it has been approved the                                                                129.638.641           113.747.621
           pengalihan saham hasil pembelian kembali                   transfer of shares resulting from the buyback in           Pendapatan syariah                                                                                           Sharia income
           saham (buyback) pada tahun 2020 yang                       2020 which are kept as treasury shares of the              Keuntungan murabahah dan
           disimpan sebagai saham treasuri (treasury stock)           Bank in the amount of 35,400,000 (thirty five                 istishna bersih                                13.404.056            12.700.105            Net murabahah and istishna
           Bank sejumlah 35.400.000 (tiga puluh lima juta             million four hundred thousand) shares, on 15 June          Bagi hasil musyarakah                              7.841.528             5.853.512              Musyarakah profit sharing
           empat ratus ribu) lembar saham, pada tanggal               2022 the Bank has completed the entire process of          Ijarah bersih                                        192.124               145.753                            Net ijarah
           15 Juni 2022 Bank telah menyelesaikan seluruh              transferring the shares resulting from the buyback         Bagi hasil mudharabah                                159.678                97.479             Mudharabah profit sharing
           proses pengalihan saham hasil buyback tersebut             to the Bank's employees through the ESOP
           kepada pegawai Bank melalui program ESOP                   program in the amount of 35,400,000 (thirty five                                                             21.597.386            18.796.849
           sejumlah 35.400.000 (tiga puluh lima juta empat            million four hundred thousand) shares to 3,036                                                              151.236.027           132.544.470
           ratus ribu) lembar saham kepada 3.036 pegawai.             employees

     e.    Pengalihan sebagian saham Seri B milik                e.   Transfer of part of the Series B shares owned              Termasuk dalam pendapatan bunga dari kredit yang                 Included in interest income from loans is interest
           Negara Republik Indonesia kepada Indonesia                 by the Republic of Indonesia to the Indonesia              diberikan adalah pendapatan bunga atas bagian yang               income recognised on the non-impaired portion of the
           Investment Authority                                       Investment Authority                                       tidak mengalami penurunan nilai dari kredit yang                 impaired loans for the year ended 31 December 2024
                                                                                                                                 mengalami penurunan nilai untuk tahun yang berakhir              and 2023 amounted to Rp714,754 and Rp319,605 and
           Berdasarkan Peraturan Pemerintah RI No. 111                Based on Government Regulation of the Republic             pada tanggal 31 Desember 2024 dan 2023 masing-                   fees and commissions income directly attributable to
           Tahun 2021 tentang Penambahan Penyertaan                   of Indonesia No. 111 of 2021 regarding the                 masing sebesar Rp714.754 dan Rp319.605 dan                       lending activities amortised using effective interest rate
           Modal Negara Republik Indonesia ke dalam                   Addition of the State Equity Participation of the          pendapatan bunga dari provisi dan komisi yang                    method for the year ended 31 December 2024 and
                                                                                                                                 berkaitan langsung dengan kegiatan pemberian kredit              2023 amounted to Rp1,793,560 and Rp1,874,509,
           Modal Lembaga Pengelola Investasi telah                    Republic of Indonesia into the Capital of the              yang diamortisasi berdasarkan metode suku bunga                  respectively.
           ditetapkan penambahan penyertaan modal                     Investment Management Institution, it has been             efektif untuk tahun yang berakhir pada tanggal
           negara kepada Lembaga Pengelola Investasi                  stipulated that the addition of the state's equity         31 Desember 2024 dan 2023 masing-masing sebesar
           (dalam hal ini Indonesia Investment Authority).            participation to the Investment Management                 Rp1.793.560 dan Rp1.874.509.
           Penambahan penyertaan modal tersebut berasal               Institution (in this case the Indonesia Investment
           dari pengalihan sebagian saham seri B milik                Authority). The additional shares participation            Pada tanggal 31 Desember 2024 dan 2023, termasuk                 As of 31 December 2024 and 2023 included in interest
           Negara Republik Indonesia pada Bank.                       comes from the transfer of part of the Series B            dalam pendapatan bunga dan pendapatan syariah di                 income and sharia income was income from
                                                                      shares owned by the Republic of Indonesia to the           atas adalah pendapatan dari pihak berelasi terkait               transaction with related parties on government bonds
                                                                      Bank.                                                      transaksi obligasi pemerintah dan SPN masing-                    and treasury bills amounted to Rp15,186,343 and
                                                                                                                                 masing sebesar Rp15.186.343 dan Rp16.410.277                     Rp16,410,277, respectively (Note 56).
           Selanjutnya sesuai dengan Akta Notaris No. 32              Furthermore, according to the Notary Deed No. 32           (Catatan 56).
           tanggal 23 Desember 2021 tentang Perjanjian                dated 23 December 2021 regarding the Agreement
           Pengalihan Hak atas Saham Negara Republik                  on the Transfer of Rights to the Shares of the
           Indonesia pada Perusahaan Perseroan (Persero)              Republic of Indonesia in PT Bank Mandiri               42. BEBAN BUNGA DAN BEBAN SYARIAH                              42. INTEREST EXPENSE AND SHARIA EXPENSE
           PT Bank Mandiri (Persero) Tbk kepada dan                   (Persero) Tbk to and with the purpose of addition
           Dalam Rangka Penambahan Penyertaan Modal                   of the State Equity Participation of the Republic of       Rincian beban bunga dan beban syariah terdiri atas:              Interest expense and sharia expense are incurred on the
           Negara Republik Indonesia ke dalam Modal                   Indonesia into the Capital of the Investment                                                                                following:
           Lembaga Pengelola Investasi, yang dibuat oleh              Management Institution, made by Fathiah Helmi                                                               2024                   2023
           Fathiah Helmi S.H., pengalihan sebagian saham              S.H., the transfer of part of the Series B shares
           seri B milik Negara Republik Indonesia pada                belonging to the Republic of Indonesia in the Bank         Beban bunga                                                                                                Interest expense
           Bank kepada Indonesia Investment Authority                 to the Indonesia Investment Authority has been             Giro                                              14.779.962            10.601.021                        Demand deposits
           telah efektif setelah ditandantanganinya Akta              effective after the signing of the Deed on                 Deposito berjangka                                12.434.702             9.129.567                            Time deposits
           tersebut pada tanggal 23 Desember 2021.                    23 December 2021.                                          Pinjaman yang diterima                             6.438.445             4.624.638                         Fund borrowings
                                                                                                                                 Efek-efek yang dijual dengan janji                                                       Securities sold under agreements
           Pengalihan sebagian saham seri B milik Negara              The transfer of part of the Series B shares owned             dibeli kembali (repo)                           3.215.029             1.390.571                  to repurchase (repo)
           Republik Indonesia pada Bank kepada Indonesia              by the Republic of Indonesia in the Bank to the            Tabungan                                           2.309.256             2.082.251                          Saving deposits
           Investment Authority sejumlah 3.733.333.333                Indonesia Investment Authority in the amount of            Efek-efek yang diterbitkan                         1.925.021             2.484.487                   Debt securities issued
           lembar saham atau sebesar 8%, sehingga saham               3,733,333,333 shares or 8%, so that the Series B           Interbank call money                                 486.251               350.732                     Interbank call money
           seri B milik Negara Republik Indonesia pada                shares owned by the Republic of Indonesia in the           Pinjaman dan efek - efek                                                                           Subordinated loans and
           Bank menjadi sejumlah 24.266.666.666 lembar                Bank became 24,266,666,666 shares or 52%.                     subordinasi                                           1.413                 1.461               marketable securities
           saham atau sebesar 52%.
                                                                                                                                                                                   41.590.079            30.664.728

PT BANK MANDIRI (PERSERO) TBK                        1590       311                                                                                                                       1591
                                                                                                                                                                                             312                                      ANNUAL REPORT 2024
Page 518
        FINANCIAL STATEMENTS 2024


                                         PT BANK MANDIRI (PERSERO) Tbk.                                                                                                   PT BANK MANDIRI (PERSERO) Tbk.
                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                         DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED                 CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS               KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                  31 DECEMBER 2024 AND 2023              31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)         (Expressed in millions of Rupiah, unless otherwise stated)       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

                                                                                                                                  44. PENDAPATAN DARI KELOMPOK NILAI WAJAR                         44. INCOME FROM FAIR VALUE THROUGH PROFIT OR
42. BEBAN BUNGA DAN BEBAN SYARIAH (lanjutan)                   42. INTEREST EXPENSE             AND     SHARIA     EXPENSE            MELALUI LABA RUGI - NETO                                         LOSS CLASSIFICATION - NET
                                                                   (continued)
                                                                                                                                                                                       2024                     2023
     Rincian beban bunga dan beban syariah terdiri atas              Interest expense and sharia expense are incurred on the
                                                                                                                                      Keuntungan atas transaksi                                                                             Gain from derivatives
     (lanjutan):                                                     following (continued):                                             derivatif - neto                                 2.121.648               1.760.204                   transactions - net
                                                                                                                                      Keuntungan dari                                                                                          Gain from sales of
                                                     2024                   2023                                                        efek-efek dan obligasi                                                                       marketable securities and
                                                                                                                                        pemerintah - neto                                1.741.833               1.017.536            government bonds - net
                                                                                                                                      Pendapatan bunga                                     996.131                 641.205                        Interest income
     Beban syariah                                                                                             Sharia expense         (Kerugian)/keuntungan yang belum                                                                     Unrealised (loss)/gain
     Deposito mudharabah                                5.539.667            4.148.029              Mudharabah time deposits            direalisasi dari kenaikan nilai                                                                from increase/decrease
     Musyarakah - mudharabah                                                                       Musyarakah - mudharabah              wajar - neto                                         (376.314)              54.851                    in fair value - net
       musyarakah                                       1.120.870              812.767                           musyarakah           Perubahan nilai wajar investasi dari                                                                Changes in fair value of
                                                                                                                                        investasi pemegang polis                             619.141              (933.091)          policyholders’ investment
     Tabungan mudharabah                                  432.774              466.655            Mudharabah saving deposits          (Penurunan)/kenaikan liabilitas                                                             (Decrease)/increase in unit-link
     Pembiayaan yang diterima                             405.816              254.035                        Fund borrowings           kontrak unit-link                                    (619.141)             933.091                    contracts liability
     Efek-efek syariah yang diterbitkan                   209.236              192.366            Sharia debt securities issued
                                                                                                                                      Total                                              4.483.298               3.473.796                                  Total
     Investasi terikat                                    180.665              119.316                  Restricted investments

                                                        7.889.028            5.993.168
                                                                                                                                  45. PENDAPATAN OPERASIONAL LAINNYA - LAIN-                       45. OTHER OPERATING INCOME - OTHERS
                                                                                                                                      LAIN
                                                      49.479.107            36.657.896
                                                                                                                                                                                       2024                     2023

     Termasuk dalam beban bunga dan beban syariah di                 Included in interest expense and sharia expense are              Penerimaan kembali atas pokok kredit                                                             Recoveries from written-off
                                                                                                                                        dan piutang/pembiayaan syariah                                                            loans and sharia receivables/
     atas adalah beban bunga dari transaksi dengan                   interest expense from related parties transactions related         yang telah dihapusbukukan                        9.009.381              11.659.856                    financing principal
     pihak-pihak berelasi terkait beban bunga atas                   to interest expense of fund borrowing for the year ended         Pendapatan administrasi dan                                                                        Other administration and
     pinjaman yang diterima untuk tahun yang berakhir                31 December 2024 and 2023 amounted to Rp251,816                    komisi lainnya                                   1.804.571               1.883.199                  commission income
     pada tanggal 31 Desember 2024 dan 2023 masing-                  and Rp80,863, respectively (Note 56).                            Pendapatan dividen reksa dana dan                                                        Dividend income from mutual fund
                                                                                                                                        investasi saham                                       888.649              935.681              and shares investment
     masing sebesar Rp251.816 dan Rp80.863 (Catatan                                                                                   Pendapatan denda                                        861.918              874.039                          Penalty income
     56).                                                                                                                             Pendapatan sewa mesin                                                                      Electronic Data Capture (“EDC”)
                                                                                                                                        Electronic Data Capture (“EDC”)                       597.086              384.437                           rent income
                                                                                                                                      Penerimaan kembali atas bunga                                                                                  Recovery from
                                                                                                                                        kredit yang telah                                                                                              written-off
43. PENDAPATAN PROVISI DAN KOMISI                              43. FEES AND COMMISIONS                                                  dihapusbukukan                                        301.175              499.361                   interest from loans
                                                                                                                                      Pendapatan bea materai                                   54.730               58.961                      Stamp duty income
                                                     2024                   2023                                                      Safety deposit box                                       38.403               38.231                       Safety deposit box
                                                                                                                                      Keuntungan dari penyertaan                                    -               75.238                      Investment income
                                                                                                                                      Lain-lain                                               684.284              491.637                                   Others
     Kredit yang diberikan dan                                                                                           Loans
                                                                                                                                      Total                                             14.240.197              16.900.640                                   Total
       piutang/pembiayan syariah                        5.975.365            4.464.991      and sharia receivables/financing
     Transaksi e-channel                                4.426.297            3.891.213                 E-channel transactions
     Transaksi simpanan                                 3.148.013            3.000.540                    Deposit transactions
                                                                                                                                  46. PEMBENTUKAN             CADANGAN            KERUGIAN         46. ALLOWANCE FOR IMPAIRMENT LOSSES
     Kartu kredit                                       3.180.165            2.772.976                             Credit cards       PENURUNAN NILAI
     Pengiriman uang, kliring dan                                                                  Remittances, clearings and
       inkaso                                           2.228.007            1.717.102                            collections                                                          2024                     2023
     Transaksi perdagangan                              1.692.064            1.570.871                      Trade transactions
     Efek-efek                                          1.100.888            1.274.341                   Marketable securities        Pembalikan/(pembentukan) cadangan                                                     Reversal/(allowance) for provision of
                                                                                                                                        kerugian penurunan nilai atas:                                                                   impairment losses on:
     Bancassurance dan reksa dana                         634.330               97.000       Bancassurance and mutual funds           Giro pada bank lain                                                                     Current accounts with other banks
     Penasihat keuangan                                   499.656              398.818                        Financial advisor         (Catatan 5c)                                            2.674              (11.800)                          (Note 5c)
     Kustodian dan wali amanat                            254.452              277.576                  Custodian and trustee         Penempatan pada bank lain                                                                    Placements with other banks
                                                                                                                                        (Catatan 6e)                                            (760)                2.418                           (Note 6e)
     Pendapatan ganti rugi                                                                        Restructuring compensation          Efek-efek (Catatan 7g)                                  112.741             (132.628)      Marketable securities (Note 7g)
       restrukturisasi (ta'wid)                             27.467              32.214                       income (ta'wid)          Tagihan lainnya - transaksi                                                                       Other receivables - trade
     Lain-lain                                             280.816             650.768                                  Others          perdagangan (Catatan 9c)                              125.378               91.037              transactions (Note 9c)
                                                                                                                                      Kredit yang diberikan                                                                                                Loans
                                                                                                                                        (Catatan 12A.c, 12B.g)                         (10.341.244)             (9.791.701)                (Note 12A.c, 12B.g)
                                                      23.447.520            20.148.410                                                Piutang pembiayaan konsumen                                                               Consumer financing receivables
                                                                                                                                        (Catatan 13c)                                    (1.717.469)            (1.277.661)                         (Note 13c)
                                                                                                                                      Investasi bersih dalam sewa                                                                 Net investment finance leases
     Lain-lain terutama terdiri dari pendapatan provisi dan          Others mainly consist of fees and commissions from                 pembiayaan (Catatan 14c)                              (85.319)              (7.120)                         (Note 14c)
     komisi dari fee cash management, fee notifikasi                 cash management fees, short message service (SMS)                Tagihan akseptasi (Catatan 15c)                          91.509              (59.315) Acceptance receivables (Note 15c)
     melalui short message service (SMS) kepada                      notification fees to customers, Livin’ point and tax             Penyertaan saham (Catatan 16b)                              704               33.917     Investments in shares (Note16b)
     nasabah, fee redemption Livin’ point dan fee jasa               payment distribution service fees.                               Total                                            (11.811.786)            (11.152.853)                                  Total
     pelayanan penyaluran pembayaran pajak.



PT BANK MANDIRI (PERSERO) TBK                        1592        313                                                                                                                            1593
                                                                                                                                                                                                   314
                                                                                                                                                                                                                                           ANNUAL REPORT 2024
Page 519
        FINANCIAL STATEMENTS 2024



                                          PT BANK MANDIRI (PERSERO) Tbk.                                                                                                        PT BANK MANDIRI (PERSERO) Tbk.
                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                              DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED                   CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS                 KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023                31 DESEMBER 2024 DAN 2023                                                                   31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)         (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)


47. PEMBENTUKAN PENYISIHAN LAINNYA                     DAN       47. ALLOWANCE FOR OTHER IMPARMENT LOSSES                               49. BEBAN GAJI DAN TUNJANGAN (lanjutan)                         49. SALARIES AND EMPLOYEE BENEFITS EXPENSES
    KERUGIAN RISIKO OPERASIONAL - NETO                               AND OPERATIONAL RISK LOSSES - NET
                                                                                                                                                                                                            (continued)
                                                     2024                     2023

     Pembalikan penyisihan atau                                                                               Reversal provision or         Jumlah gaji dan tunjangan, bonus dan tantiem,                      Total gross salaries and allowances, bonus and
       beban atas:                                                                                                     expenses of:         imbalan kerja jangka panjang Dewan Komisaris,                      tantiem, long-term employment benefits of the Boards
     Estimasi kerugian yang timbul                                                                         Estimated losses arising         Direksi, Komite Audit dan Komite Pemantau Risiko,                  of Commissioners, Directors, Audit Committee and Risk
       dari kasus hukum                                     21.828                20.451                         from legal cases
     Kerugian risiko operasional -                                                                    Losses from operational risk          Dewan Pengawas Syariah, serta Senior Executive                     Oversight Committee, Sharia Supervisory Board and
       kecurangan eksternal                                (106.047)             (22.080)                          - external fraud         Vice President dan Senior Vice President masing-                   Senior Executive Vice President and Senior Vice
     Kerugian risiko operasional -                                                                    Losses from operational risk          masing sebesar Rp2.708.912 dan Rp2.030.660                         President are amounted to Rp2,708,912 and
       kecurangan internal                                  (31.923)             (52.002)                           - internal fraud
     Kerugian risiko operasional -                                                                  Losses from operational risk -          (Catatan 56) untuk tahun yang berakhir pada tanggal                Rp2,030,660 (Note 56) for the year ended
       gangguan aktivitas bisnis                                                                            business disruption             31 Desember 2024 dan 2023, dengan rincian sebagai                  31 December 2024 and 2023, respectively, as follows:
       dan kegagalan sistem                                 (15.282)                 (2.670)                 and system failure             berikut:
     Denda/sanksi                                            (8.041)                 (1.006)                            Fines/penalty
     Kerugian risiko operasional -                                                                    Losses from operational risk
       manajemen eksekusi,                                                                            - management execution,                                                                              2024
       pengiriman & pemrosesan                               (7.961)             (10.193)             delivering and processing
     Kerugian risiko operasional -                                                                    Losses from operational risk                                                                                Imbalan
       klien, produk &                                                                                         - business activity                                               Gaji dan                       kerja jangka
       praktek bisnis                                          (204)                  (149)        disruption and system failure                                                Tunjangan/     Bonus dan          panjang/
     Kerugian risiko operasional -                                                                    Losses from operational risk
                                                                                                                                                                                 Salaries       Tantiem/         Long-term
       kerusakan aset fisik                                    (511)                (436)              - physical asset damage
     Aset lain-lain (Catatan 20)                             (2.906)             153.700                    Other assets (Note 20)                                                  and        Bonus and        employment
                                                                                                                                                                                allowance       tantiem           benefits        Total
     Total                                                 (151.047)              85.615                                       Total

                                                                                                                                            Dewan Komisaris                         122.570         388.819           11.215       522.604 The Board of Commissioners
                                                                                                                                            Direksi                                 339.664         945.861           21.986     1.307.511                    Directors
48. KEUNTUNGAN DARI PENJUALAN EFEK-EFEK DAN                      48. GAIN ON SALE OF MARKETABLE SECURITIES                                  Komite Audit dan                                                                                      Audit Committee and
    OBLIGASI PEMERINTAH - NETO                                       AND GOVERNMENT BONDS - NET
                                                                                                                                               Komite Pemantau Risiko                 12.096              -               84        12.180 Risk Oversight Committee
     Berikut adalah keuntungan dari penjualan efek-efek                Gain on sale of marketable securities and government                 Dewan Pengawas Syariah                     3.872          4.581                -         8.453    Sharia Supervisory Board
     dan obligasi pemerintah yang diukur pada biaya                    bonds - net at amortised cost and fair value through                 Senior Executive                                                                                          Senior Executive
     perolehan diamortisasi dan nilai wajar melalui                    other comprehensive income is as follows:                               Vice President dan                                                                                Vice Presidents and
     penghasilan komprehensif lain:                                                                                                            Senior Vice President                510.755         323.395           24.014       858.164     Senior Vice President

                                                     2024                     2023
                                                                                                                                            Total                                   988.957        1.662.656          57.299     2.708.912                        Total

     Obligasi pemerintah                                    108.203               65.666                      Government bonds
     Efek-efek                                               42.094               59.629                     Marketable securities
                                                                                                                                                                                                           2023
     Total                                                  150.297              125.295                                       Total
                                                                                                                                                                                                                  Imbalan
                                                                                                                                                                                 Gaji dan                       kerja jangka
                                                                                                                                                                                Tunjangan/     Bonus dan          panjang/
49. BEBAN GAJI DAN TUNJANGAN                                     49. SALARIES AND EMPLOYEE BENEFITS EXPENSES
                                                                                                                                                                                 Salaries       Tantiem/         Long-term
                                                     2024                     2023                                                                                                  and        Bonus and        employment
                                                                                                                                                                                allowance       tantiem           benefits        Total
     Gaji, upah, pensiun dan                                                                         Salaries, wages, pension and
       tunjangan pajak                               13.622.133               13.197.224                          tax allowances
     Tunjangan Hari Raya (THR),                                                                      Religious holidays allowance,          Dewan Komisaris                          87.448         208.595            7.087       303.130 The Board of Commissioners
       cuti dan beban terkait lainnya                  2.955.473               2.974.092       leave and other related expenses             Direksi                                 268.315         557.623           32.982       858.920                    Directors
     Kesejahteraan pegawai                             2.594.602               1.861.634                 Employee benefits in kind          Komite Audit dan                                                                                      Audit Committee and
     Bonus dan lainnya                                 2.361.930               3.911.252                       Bonuses and others              Komite Pemantau Risiko                  7.229            269              231         7.729 Risk Oversight Committee
     Pembentukan penyisihan cadangan                                                                     Allowance of provision for         Dewan Pengawas Syariah                     2.857          4.005                -         6.862    Sharia Supervisory Board
       uang penghargaan pegawai                        1.006.833                 890.059              post-employment benefits              Senior Executive                                                                                          Senior Executive
     Penyisihan cadangan tantiem                         848.340               1.097.048                      Provision for tantiem
                                                                                                                                               Vice President dan                                                                                Vice Presidents and
     Pendidikan dan pelatihan                            601.452                 491.780                    Training and education
                                                                                                                                               Senior Vice President                507.297         319.343           27.379       854.019     Senior Vice President
     Total                                           23.990.763               24.423.089                                       Total
                                                                                                                                            Total                                   873.146        1.089.835          67.679     2.030.660                        Total




PT BANK MANDIRI (PERSERO) TBK                        1594            315
                                                                                                                                                                                                     1595
                                                                                                                                                                                                        316
                                                                                                                                                                                                                                                ANNUAL REPORT 2024
Page 520
        FINANCIAL STATEMENTS 2024



                                         PT BANK MANDIRI (PERSERO) Tbk.                                                                                                      PT BANK MANDIRI (PERSERO) Tbk.
                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                            DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED                CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS              KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023             31 DESEMBER 2024 DAN 2023                                                                31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)      (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)       (Expressed in millions of Rupiah, unless otherwise stated)

                                                                                                                                     50. BEBAN UMUM DAN ADMINISTRASI (lanjutan)                   50. GENERAL        AND    ADMINISTRATIVE        EXPENSES
50. BEBAN UMUM DAN ADMINISTRASI                                 50. GENERAL AND ADMINISTRATIVE EXPENSES                                                                                               (continued)
                                                     2024                     2023                                                       Lain-lain terutama terdiri dari beban penelitian dan         Others is consist of research and development
                                                                                                                                         pengembangan, beban agency, beban keanggotaan                expenses, agency expenses, membership fee
     Jasa profesional                                  5.836.961               4.722.209                       Professional fees         depository bank, beban izin perwakilan luar negeri           depository bank, overseas representative expenses
     Barang/jasa pihak ketiga                                                                     Goods/services provided by             dan beban representasi.                                      and representation expenses.
       lainnya                                         3.742.691               3.338.043                         third parties
     Promosi                                           2.701.820               2.303.064                               Promotion
     Perbaikan dan pemeliharaan                        2.664.658               1.863.193             Repairs and maintenance
                                                                                                                                     51. DANA PENSIUN DAN PESANGON                                51. PENSION PLAN AND SEVERANCE PAY
     Penyusutan aset hak guna                                                                Depreciation of right of use assets
       (Catatan 18a)                                   1.969.965               1.772.254                           (Note 18a)
     Penyusutan aset tetap yang dimiliki                                                          Depreciation of fixed assets           Sesuai dengan kebijakan Bank, selain gaji, pegawai           Under the Bank’s policy, other than salaries, employees
       (Catatan 18a)                                   1.752.856               1.640.978                           (Note 18a)            juga mendapatkan fasilitas dan tunjangan berupa              are entitled to allowances and benefits, such as
     Keperluan kantor                                  1.276.018               1.118.673                          Office supplies        Tunjangan Hari Raya (THR), fasilitas kesehatan, uang         religious holiday allowance, medical reimbursements,
     Komunikasi                                        1.274.074               1.145.675                         Communication           duka dan santunan duka, tunjangan cuti, fasilitas            bereavement money and benefits, leave allowance,
     Sewa                                              1.083.568                 813.808                                     Rent        jabatan untuk jabatan tertentu, program pensiun untuk        functional allowance for certain levels, pension plan for
     Amortisasi aset takberwujud                                                              Amortisation of intangible assets          pegawai tetap, insentif sesuai dengan kinerja pegawai        permanent employees, incentives based on employee’s
       (Catatan 19)                                        945.641             1.153.670                             (Note 19)           dan Bank serta manfaat untuk pegawai yang berhenti           and the Bank’s performance and post-employment
     Transportasi                                          738.544               673.456                         Transportations         bekerja sesuai dengan Undang-undang di Bidang                benefits in accordance with prevailing Employment Law
     Listrik, air dan gas                                  485.417               510.922             Electricity, water and gas          Ketenagakerjaan dan Perjanjian Kerja Bersama Bank            and Bank Mandiri Collective Labor Agreement.
     Perjalanan dinas                                      264.323               242.237                                Traveling        Mandiri.
     Tanggung jawab sosial dan                                                                       Social and environmental
       lingkungan                                          250.028               174.673                        responsibility           Dana pensiun                                                 Pension plan
     Pajak selain pajak penghasilan                        249.635               249.826            Tax other than income tax
     Zakat                                                 232.061               189.730                                    Zakat        Bank Mandiri memiliki 5 (lima) Dana Pensiun yang             Bank Mandiri has 5 (five) Pension Funds in the form of
     Premi asuransi                                        175.539               182.542                    Insurance premium            berbentuk Dana Pensiun Pemberi Kerja (DPPK) yang             Employer Pension Funds (DPPK) consisting of 1 (one)
     Bunga atas liabilitas sewa                                                                        Interest on lease liability       terdiri dari 1 (satu) Dana Pensiun yang                      Pension Fund that organizes a Defined Contribution
       (Catatan 18a)                                       128.407                69.114                          (Note 18a)             menyelenggarakan Program Pensiun Iuran Pasti                 Pension Program (PPIP) and 4 (four) Pension Funds
     Keamanan                                               38.025                43.110                                 Security        (PPIP) dan 4 (empat) Dana Pensiun yang                       that organizes a Defined Benefit Pension Program
     Rekrutmen                                              13.742                15.031                             Recruitment         menyelenggarakan Program Pensiun Manfaat Pasti               (PPMP) as follows:
     Program pemerintah                                      4.584                22.103                  Government program             (PPMP) sebagai berikut:
     Lain-lain                                             691.076               488.583                                  Others
                                                                                                                                         a.   Dana Pensiun Bank Mandiri (Program Pensiun              a.   Bank Mandiri Pension Fund (Defined Contribution
     Total                                           26.519.633               22.732.894                                    Total
                                                                                                                                              Iuran Pasti)                                                 Pension Program)

     Untuk   tahun   yang   berakhir   pada   tanggal                  For the year ended 31 December 2024 and 2023,                          Dana     Pensiun      Bank     Mandiri     yang              Dana Pensiun Pemberi Kerja Program Pensiun
     31 Desember 2024 dan 2023, beban promosi                          promotions expenses include the reward/prize                           menyelenggarakan Program Pensiun Iuran Pasti                 Iuran Pasti (DPPK-PPIP) or Bank Mandiri Pension
     termasuk beban hadiah undian dana pihak ketiga                    expenses of third party funds amounted to Rp49,918                     (DPPK - PPIP) didirikan pada tanggal 1 Agustus               Fund (Dana Pensiun Bank Mandiri (DPBM)) which
     masing-masing sebesar Rp49.918 dan Rp51.116.                      and Rp51,116, respectively.                                            1999 berdasarkan Keputusan Direksi Bank                      was established on 1 August 1999 based on Board
                                                                                                                                              Mandiri No. 004/KEP.DIR/1999 tanggal 26 April                of Directors’s resolution No. 004/KEP.DIR/1999
     Tanggung Jawab Sosial dan Lingkungan (TJSL)                       Corporate Social and Environmental Responsibility                      1999 tentang Peraturan Dana Pensiun dari Dana                dated 26 April 1999 regarding Pension Plan of
     merupakan      komitmen     berkelanjutan    untuk                (TJSL) is a continuous commitment to contribute to                     Pensiun Bank Mandiri. Peraturan Dana                         Bank Mandiri’s pension fund. Regulation
     memberikan kontribusi kepada pengembangan                         economic development and the company's concern for                     Pensiun    dari Dana Pensiun Bank Mandiri                    established by Bank Mandiri pension fund were
     ekonomi dan kepedulian perseroan kepada                           society. Based on the Regulation of the Minister of                    telah mendapat pengesahan dari Menteri                       approved by the Minister of Finance of the
     masyarakat. Berdasarkan Peraturan Menteri Badan                   State-Owned Enterprises Number PER-1/MBU/03/2023                       Keuangan Republik Indonesia berdasarkan Surat                Republic of Indonesia through its Decision Letter
     Usaha Milik Negara Nomor PER-1/MBU/03/2023                        on Special Assignments and the Corporate Social and                    Keputusan Menteri Keuangan Republik Indonesia                No. KEP/300/KM.017/1999 dated 14 July 1999 and
     tentang Penugasan Khusus dan Program Tanggung                     Environmental Responsibility Program of State-Owned                    No. KEP/300/KM.017/1999 tanggal 14 Juli 1999                 was published in the Additional of the State
     Jawab Sosial dan Lingkungan Badan Usaha Milik                     Enterprises, the TJSL Program for SOEs is carried out                  dan diumumkan di dalam Tambahan Lembaran                     Gazette of the Republic of Indonesia No. 62 dated
     Negara bahwa Program TJSL BUMN dilakukan                          systematically and integratively to ensure the                         Berita Negara Republik Indonesia No. 62 tanggal              3 August 1999.
     secara sistematis dan terpadu untuk menjamin                      implementation, achievement of success, and                            3 Agustus 1999.
     pelaksanaan,    pencapaian    keberhasilan    serta               management of the impact of the TJSL Program for
     pengelolaan dampak Program TJSL BUMN sesuai                       SOEs in accordance with the priorities and/or                          Peraturan Dana Pensiun dari Dana Pensiun Bank                The regulations for Pension Fund from Bank
     dengan prioritas dan/atau pencapaian dari tujuan                  achievements of the TJSL Program objectives, guided                    Mandiri telah disesuaikan, terakhir berdasarkan              Mandiri Pension Fund have been revised, based
     Program TJSL BUMN yang berpedoman pada                            by the company's work plan. The TJSL Program,                          Keputusan Direksi PT Bank Mandiri (Persero)                  on the latest Decision of the Board of Directors of
     rencana kerja perseroan. Program TJSL sesuai                      according to the above Ministerial Regulation, is                      Tbk. Nomor: KEP.DPB5/001/2024 tanggal                        PT Bank Mandiri (Persero) Tbk. Number:
     Peraturan Menteri BUMN diatas dilaksanakan dengan                 implemented by referring to four main pillars: Social,                 6 Desember 2024. Penyesuaian dilakukan dalam                 KEP.DPB5/001/2024 dated December 6, 2024.
     mengacu pada 4 pilar utama yaitu Sosial, Ekonomi,                 Economic, Environmental, and Legal and Governance.                     rangka menyesuaikan dengan Undang-Undang                     The adjustment was made to align with Law
     Lingkungan serta Hukum dan Tata Kelola.                           The implementation of the TJSL Program by PT Bank                      Nomor 4 tahun 2023 tentang Pengembangan dan                  Number 4 of 2023 concerning the Development
     Pelaksanaan Program TJSL PT Bank Mandiri                          Mandiri (Persero) Tbk, includes assistance and/or other                Penguatan Sektor Keuangan Bab XII Dana                       and Strengthening of the Financial Sector, Chapter
     (Persero) Tbk., dalam bentuk bantuan dan/atau                     activities, prioritising the focus areas of Education,                 Pensiun, Program Jaminan Hari Tua, dan                       XII on Pension Funds, Old Age Security Programs,
     kegiatan   lainnya   dan   dilaksanakan    dengan                 Environment, and Micro and Small Business (UMK)                        Program Pensiun dan Peraturan Otoritas Jasa                  and Pension Programs, as well as the Financial
     mengutamakan       fokus    Bidang      Pendidikan,               Development. The realisation of TJSL as of                             Keuangan (POJK) Nomor 27 tahun 2023 tanggal                  Services Authority (OJK) Regulation (POJK)
     Lingkungan, dan Pengembangan Usaha Mikro dan                      31 December 2024, was Rp250,028 and as of
                                                                                                                                              22 Desember 2023 tentang Penyelengaraan                      Number 27 of 2023 dated December 22, 2023,
     Usaha Kecil (UMK). Realisasi TJSL Posisi                          31 December 2023, it was Rp174,673.
                                                                                                                                              Usaha Dana Pensiun.                                          regarding the Implementation of Pension Fund
     31 Desember 2024 adalah sebesar Rp250.028 juta
     dan 31 Desember 2023 sebesar Rp174.673 juta.                                                                                                                                                          Business Operations.



PT BANK MANDIRI (PERSERO) TBK                        1596            317
                                                                                                                                                                                                 1597
                                                                                                                                                                                                    318                                  ANNUAL REPORT 2024
Page 521
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                           PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                 DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED               CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS             KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                              31 DECEMBER 2024 AND 2023            31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)     (Expressed in millions of Rupiah, unless otherwise stated)     (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)        (Expressed in millions of Rupiah, unless otherwise stated)

51. DANA PENSIUN DAN PESANGON (lanjutan)                    51. PENSION PLAN AND SEVERANCE PAY (continued)
                                                                                                                            51. DANA PENSIUN DAN PESANGON (lanjutan)                      51. PENSION PLAN AND SEVERANCE PAY (continued)
     a.    Dana Pensiun Bank Mandiri (Program Pensiun          a.   Bank Mandiri Pension Fund (Defined Contribution
           Iuran Pasti) (lanjutan)                                  Pension Program) (continued)                                Dana pensiun (lanjutan)                                       Pension plan (continued)

           Perubahan Peraturan Dana Pensiun dari Dana               The revised regulations for Pension Fund from               b.   Dana Pensiun Bank Mandiri (Program Pensiun               b.   Bank Mandiri Pension Fund (Defined Benefit
           Pensiun Bank Mandiri telah mendapatkan                   Bank Mandiri Pension Fund have been approved                     Manfaat Pasti) (lanjutan)                                     Pension Program) (continued)
           pengesahan dari Otoritas Jasa Keuangan                   by the Financial Services Authority (OJK) through
           berdasarkan Keputusan Dewan Komisioner                   the Decision of the Board of Commissioners of the
                                                                                                                                     Peraturan Dana Pensiun dari Dana Pensiun Bank                 The regulations for Pension Funds from Dana
           Otoritas  Jasa    Keuangan    nomor:    KEP-             Financial Services Authority Number: KEP-
           722/PD.02/2024 tanggal 24 Desember2024.                 722/PD.02/2024 dated December 24, 2024.                          Mandiri Satu (DPBMS), Dana Pensiun Bank                       Pensiun Bank Mandiri Satu (DPBMS), Dana
                                                                                                                                     Mandiri Dua (DPBMD), Dana Pensiun Bank                        Pensiun Bank Mandiri Dua (DPBMD), Dana
           Iuran pensiun yang dibukukan atas nama                   The pension contribution is recorded for each                    Mandiri Tiga (DPBMT) dan Dana Pensiun Bank                    Pensiun Bank Mandiri Tiga (DPBMT) and Dana
           masing-masing Peserta ditanggung bersama                 members, which jointly borne by the employer and                 Mandiri Empat (DPBME) telah mengalami                         Pensiun Bank Mandiri Empat (DPBME) have been
           oleh Pemberi Kerja dan Peserta:                          the members:                                                     beberapa kali perubahan, hal tersebut dilakukan               changed several times, in order to comply with the
           1. Peserta wajib membayar iuran sebesar 5%               1. The member is obliged to contribute 5% (five                  dalam rangka menyesuaikan dengan peraturan                    applicable laws and regulations, as follows:
                (lima persen) dari Penghasilan Dasar                    percent) of basic pension income.                            perundang-undangan yang berlaku yaitu:
                Pensiun.
           2. Pemberi Kerja wajib membayar iuran                    2.   The employer is obliged to contribute 10%                   1.   Dana Pensiun        Bank    Mandiri    Satu              1.   Dana  Pensiun        Bank     Mandiri     Satu
                sebesar 10% (sepuluh persen) dari                        (ten percent) of basic pension income.                           (“DPBMS")                                                     (“DPBMS")
                Penghasilan Dasar Pensiun.
                                                                                                                                          Dalam rangka penggabungan PT Bank                             For the purpose of the merger of PT Bank
           Dana Pensiun Bank Mandiri menginvestasikan               The Bank Mandiri’s pension funds invest their                         Bumi Daya (Persero) ke dalam PT Bank                          Bumi Daya (Persero) into PT Bank Mandiri
           beberapa sumber keuangannya antara lain pada             financial resources including term deposits
                                                                                                                                          Mandiri   (Persero),    telah   ditetapkan                    (Persero), a Decree of the Board of Directors
           deposito berjangka dan deposito on call Bank             balance and deposits on call at Bank Mandiri.
                                                                                                                                          Keputusan Direksi PT Bank Mandiri                             of PT Bank Mandiri (Persero) Number
           Mandiri. Saldo deposito on call tersebut pada            Balance      on      deposit     on    call  as  of
           tanggal 31 Desember 2024 dan 31 Desember                 31 December 2024 and 31 December 2023                                 (Persero)   Nomor     021A/KEP.DIR/1999                       021A/KEP.DIR/1999 dated 31 July 1999 was
           2023 masing-masing sebesar Rp9.950 dan                   amounted to Rp9,950 and Rp13,050, respectively.                       tanggal 31 Juli 1999 yang telah mendapat                      stipulated, which was approved by the
           Rp13.050. Tingkat suku bunga atas deposito               The interest rate of the deposits are the same with                   pengesahan Menteri berdasarkan Keputusan                      Minister       based        on       Decree
           tersebut adalah sama dengan suku bunga atas              interest rate for third party time deposits.                          Nomor     KEP-394/KM.17/1999        tanggal                   Number KEP-394/KM.17/1999              dated
           deposito berjangka pihak ketiga.                                                                                               15 November 1999, dengan nama Dana                            15 November 1999, under the name Dana
                                                                                                                                          Pensiun Bank Mandiri Satu.                                    Pensiun Bank Mandiri Satu.
           Untuk tahun yang berakhir pada tanggal                   For the year ended 31 December 2024 and
           31 Desember 2024 dan 31 Desember 2023,                   31 December 2023, Bank has paid pension                               Peraturan Dana Pensiun dari Dana Pensiun                      The Pension Fund Regulations of the Dana
           Bank telah membayar iuran pensiun masing-                contribution of Rp590,397 and Rp284,794,                              Bank Mandiri Satu telah disesuaikan terakhir                  Pensiun Bank Mandiri Satu have been
           masing sebesar Rp590.397 dan Rp284.794.                  respectively.                                                         berdasarkan        Keputusan         Direksi                  adjusted recently by Decree of the Board of
                                                                                                                                          PT Bank Mandiri (Persero) Tbk. Nomor                          Directors of PT Bank Mandiri (Persero) Tbk.
     b.    Dana Pensiun Bank Mandiri (Program Pensiun          b.   Bank Mandiri Pension Fund (Defined Benefit
                                                                                                                                          KEP.DPB1/001/2024 tanggal 13 Maret 2024.                      Number KEP.DPB1/001/2024 dated 13 March
           Manfaat Pasti)                                           Pension Program)
                                                                                                                                          Penyesuaian dilakukan dalam rangka                            2024. The amendment was made in order to
           Bank Mandiri memiliki 4 (empat) Dana Pensiun             Four employer’s pension funds provide defined                         pemberian Manfaat Pensiun Lainnya berupa                      provide Other Pension Benefits in the form of
           yang menyelenggarakan Program Pensiun                    benefits program (DPPK - PPMP), which from the                        Dana Manfaat Tambahan Tahun 2024                              Additional Benefits Fund year 2024 to Dana
           Manfaat Pasti (DPPK - PPMP) sebagai berikut:             merger of 4 (four) legacy banks, namely:                              kepada Dana Pensiun Bank Mandiri Satu,                        Pensiun Bank Mandiri Satu, Dana Pensiun
           1. Dana Pensiun Bank Mandiri Satu (Bank                  1. Dana Pensiun Bank Mandiri Satu (Bank Bumi                          Dana Pensiun Bank Mandiri Dua, Dana                           Bank Mandiri Dua, Dana Pensiun Bank
               Bumi Daya),                                              Daya),                                                            Pensiun Bank Mandiri Tiga dan Dana                            Mandiri Tiga and Dana Pensiun Bank Mandiri
           2. Dana Pensiun Bank Mandiri Dua (Bank                   2. Dana Pensiun Bank Mandiri Dua (Bank                                Pensiun Bank Mandiri Empat.                                   Empat.
               Dagang Negara),                                          Dagang Negara),
           3. Dana Pensiun Bank Mandiri Tiga (Bank                  3. Dana Pensiun Bank Mandiri Tiga (Bank Exim)                         Perubahan Peraturan Dana Pensiun dari                         The amendment to the Pension Fund
               Exim) dan                                                and                                                               Dana Pensiun Bank Mandiri Satu ini, telah                     Regulation of Dana Pensiun Bank Mandiri
           4. Dana Pensiun Bank Mandiri Empat (Bank                 4. Dana Pensiun Bank Mandiri Empat (Bank                              mendapat pengesahan dari Otoritas Jasa                        Satu has been authorised by the Financial
               Pembangunan Indonesia).                                  Pembangunan Indonesia),                                           Keuangan berdasarkan Keputusan Dewan                          Services Authority based on the Decision of
                                                                                                                                          Komisioner Otoritas Jasa Keuangan Nomor                       the Board of Commissioners of the Financial
           Peserta program pensiun manfaat pasti adalah             The members of the pension funds are employees
           mereka yang berasal dari legacy bank dengan                                                                                    KEP-138/PD.02/2024 tanggal 26 Maret 2024                      Services       Authority     Number       KEP-
                                                                    from Legacy Bank with working period of three
           masa kerja tiga tahun atau lebih pada saat               years or more at the merger date which were                           tentang Pengesahan Atas Peraturan Dana                        138/PD.02/2024 dated 26 March 2024
           penggabungan yang terdiri dari pegawai aktif             active employees, ex employees (resigned but did                      Pensiun dari Dana Pensiun Bank Mandiri                        regarding the Ratification of the Pension Fund
           bank, bekas karyawan (karyawan yang berhenti             not transfer his/her right to other pension fund) and                 Satu dan diumumkan di dalam Tambahan                          Regulation of Dana Pensiun Bank Mandiri
           bekerja dan tidak mengalihkan haknya ke dana             retired employees.                                                    Lembaran Berita Negara Republik Indonesia                     Satu and has been announced in the
           pensiun lain) dan pensiunan.                                                                                                   No. 36 tanggal 3 Mei 2024.                                    Additional to the State Gazette of the Republic
                                                                                                                                                                                                        of Indonesia No. 36 dated 3 May 2024.



PT BANK MANDIRI (PERSERO) TBK                        1598    319                                                                                                                         1599
                                                                                                                                                                                            320                                  ANNUAL REPORT 2024
Page 522
          FINANCIAL STATEMENTS 2024


                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                            PT BANK MANDIRI (PERSERO) Tbk.
                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                  DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED              CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS            KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023           31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)        (Expressed in millions of Rupiah, unless otherwise stated)    (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)        (Expressed in millions of Rupiah, unless otherwise stated)

51. DANA PENSIUN DAN PESANGON (lanjutan)                       51. PENSION PLAN AND SEVERANCE PAY (continued)                 51. DANA PENSIUN DAN PESANGON (lanjutan)                      51. PENSION PLAN AND SEVERANCE PAY (continued)
     Dana pensiun (lanjutan)                                      Pension plan (continued)                                        Dana pensiun (lanjutan)                                       Pension plan (continued)
     b.    Dana Pensiun Bank Mandiri (Program Pensiun             b.   Bank Mandiri Pension Fund (Defined Benefit                 b.   Dana Pensiun Bank Mandiri (Program Pensiun               b.   Bank Mandiri Pension Fund (Defined Benefit
           Manfaat Pasti) (lanjutan)                                   Pension Program) (continued)                                    Manfaat Pasti) (lanjutan)                                     Pension Program) (continued)
           2.   Dana Pensiun          Bank   Mandiri   Dua             2.   Dana  Pensiun        Bank     Mandiri     Dua              3.   Dana Pensiun Bank           Mandiri    Tiga              3.   Dana  Pensiun      Bank       Mandiri     Tiga
                (“DPBMD")                                                   (“DPBMD")                                                       (“DPBMT") (lanjutan)                                          (“DPBMT") (continued)
                Dalam rangka penggabungan PT Bank                           For the purpose of the merger of PT Bank
                Dagang Negara (Persero) ke dalam PT Bank                    Dagang Negara (Persero) into PT Bank                            Perubahan Peraturan Dana Pensiun dari                         The     amendment        to     the    Pension
                Mandiri    (Persero),   telah    ditetapkan                 Mandiri (Persero), a Decree of the Board of                     Dana Pensiun Bank Mandiri Tiga ini, telah                     Fund Regulation of Dana Pensiun Bank
                Keputusan Direksi PT Bank Mandiri                           Directors of PT Bank Mandiri (Persero)                          mendapat pengesahan dari Otoritas Jasa                        Mandiri Tiga has been authorised by the
                (Persero)    Nomor     021B/KEP.DIR/1999                    Number 021B/KEP.DIR/1999 dated 31 July                          Keuangan berdasarkan Keputusan Dewan                          Financial Services Authority based on the
                tanggal 31 Juli 1999, yang telah mendapat                   1999 was stipulated, which was approved by                      Komisioner    Otoritas   Jasa    Keuangan                     Decision of the Board of Commissioners of the
                pengesahan Menteri berdasarkan Keputusan                    the Minister based on Decree No. KEP-                           Nomor:      KEP-136/PD.02/2024     tanggal                    Financial     Services    Authority    Number
                Nomor     KEP-395/KM.17/1999         tanggal                395/KM.17/1999 dated 15 November 1999,                          26 Maret 2024 Tentang Pengesahan Atas                         KEP-136/PD.02/2024 dated 26 March 2024
                15 November 1999, dengan nama Dana                          under the name Dana Pensiun Bank Mandiri                        Peraturan Dana Pensiun dari Dana Pensiun                      regarding the Ratification of the Pension Fund
                Pensiun Bank Mandiri Dua.                                   Dua.                                                            Bank Mandiri Tiga dan diumumkan di dalam                      Regulation of Dana Pensiun Bank Mandiri
                                                                                                                                            Tambahan      Lembaran    Berita   Negara                     Tiga and has been announced in the
                Peraturan Dana Pensiun dari Dana Pensiun                    The Pension Fund Regulations of Dana                            Republik Indonesia No. 37 tanggal                             Additional to the State Gazette of the Republic
                Bank Mandiri Dua telah disesuaikan terakhir                 Pensiun Bank Mandiri Dua have been                              7 Mei 2024.                                                   of Indonesia No. 37 dated 7 May 2024.
                berdasarkan Keputusan Direksi PT Bank                       adjusted recently by Decree of the Board of
                Mandiri      (Persero)      Tbk.       No.                  Directors of PT Bank Mandiri (Persero) Tbk.                4.   Dana Pensiun      Bank    Mandiri     Empat              4.   Dana Pensiun        Bank    Mandiri     Empat
                KEP.DPB2/001/2024 tanggal 13 Maret 2024.                    No. KEP.DPB2/001/2024 dated 13 March                            (“DPBME")                                                     (“DPBME")
                Penyesuaian dilakukan dalam rangka                          2024. The amendment was made in order to
                pemberian Manfaat Pensiun Lainnya berupa                    provide Other Pension Benefits in the form of                   Dalam rangka penggabungan PT Bank                             For the purpose of the merger of PT Bank
                Dana Manfaat Tambahan Tahun 2024                            Additional Benefits Fund year 2024 to Dana                      Pembangunan Indonesia (Persero) ke dalam                      Pembangunan Indonesia (Persero) into PT
                kepada Dana Pensiun Bank Mandiri Satu,                      Pensiun Bank Mandiri Satu, Dana Pensiun                         PT Bank Mandiri (Persero), telah ditetapkan                   Bank Mandiri (Persero), a Decree of the Board
                Dana Pensiun Bank Mandiri Dua, Dana                         Bank Mandiri Dua, Dana Pensiun Bank                             Keputusan Direksi PT Bank Mandiri                             of Directors of PT Bank Mandiri (Persero)
                Pensiun Bank Mandiri Tiga dan Dana                          Mandiri Tiga and Dana Pensiun Bank Mandiri                      (Persero) No. 021D/KEP.DIR/1999 tanggal                       No. 021D/KEP.DIR/1999 dated 31 July 1999
                Pensiun Bank Mandiri Empat.                                 Empat.                                                          31 Juli 1999, yang telah mendapat                             was stipulated, which was approved by the
                                                                                                                                            pengesahan Menteri berdasarkan Keputusan                      Minister based on Decree No. KEP-
                Perubahan Peraturan Dana Pensiun dari                       This amendment to the Pension Fund                              Nomor     KEP-397/KM.17/1999         tanggal                  397/KM.17/1999 dated 15 November 1999,
                Dana Pensiun Bank Mandiri Dua ini, telah                    Regulations of Dana Pensiun Bank Mandiri                        15 November 1999, dengan nama Dana                            under the name Dana Pensiun Bank Mandiri
                mendapat pengesahan dari Otoritas Jasa                      Dua has been authorised by the Financial                        Pensiun Bank Mandiri Empat.                                   Empat.
                Keuangan berdasarkan Keputusan Dewan                        Services Authority (OJK) based on the Decree
                Komisioner Otoritas Jasa Keuangan Nomor                     of the Board of Commissioners of the                            Peraturan Dana Pensiun dari Dana Pensiun                      The Pension Fund Regulations of Dana
                KEP-137/PD.02/2024 tanggal 26 Maret 2024                    Financial Services Authority Number KEP-                        Bank Mandiri Empat telah disesuaikan                          Pensiun    Bank    Mandiri  Empat    have
                Tentang Pengesahan Atas Peraturan Dana                      137/PD.02/2024 dated 26 March 2024
                Pensiun dari Dana Pensiun Bank Mandiri                      regarding the Ratification of Pension Fund                      terakhir berdasarkan Keputusan Direksi                        been adjusted recently by Decree of the
                Dua dan diumumkan di dalam Tambahan                         Regulations of Dana Pensiun Bank Mandiri                        PT Bank       Mandiri   (Persero)    Tbk.                     Board of Directors of PT Bank Mandiri
                Lembaran Berita Negara Republik Indonesia                   Dua and has been announced in the                               Nomor:     KEP.DPB4/001/2024      tanggal                     (Persero) Tbk. Number KEP.DPB4/001/2024
                No. 34 tanggal 26 April 2024.                               Additional to the State Gazette of the Republic                 13 Maret 2024. Penyesuaian dilakukan                          dated 13 March 2024. The amendment was
                                                                            of Indonesia No. 34 dated 26 April 2024.                        dalam rangka pemberian Manfaat Pensiun                        made in order to provide Other Pension
                                                                                                                                            Lainnya berupa Dana Manfaat Tambahan                          Benefits in the form of Additional Benefits
           3.   Dana Pensiun          Bank   Mandiri   Tiga            3.   Dana  Pensiun        Bank     Mandiri     Tiga                  Tahun 2024 kepada Dana Pensiun Bank                           Fund year 2024 to Dana Pensiun Bank
                (“DPBMT")                                                   (“DPBMT")                                                       Mandiri Satu, Dana Pensiun Bank Mandiri                       Mandiri Satu, Dana Pensiun Bank Mandiri
                                                                                                                                            Dua, Dana Pensiun Bank Mandiri Tiga dan                       Dua, Dana Pensiun Bank Mandiri Tiga and
                Dalam rangka penggabungan PT Bank                           For the purpose of the merger of PT Bank                        Dana Pensiun Bank Mandiri Empat.                              Dana Pensiun Bank Mandiri Empat.
                Ekspor Impor Indonesia (Persero) ke dalam                   Ekspor Impor Indonesia (Persero) into
                PT Bank Mandiri (Persero), telah ditetapkan                 PT Bank Mandiri (Persero), a Decree of the                      Perubahan Peraturan Dana Pensiun dari                         The amendment to the Pension Fund
                Keputusan Direksi PT Bank Mandiri                           Board of Directors of PT Bank Mandiri                           Dana Pensiun Bank Mandiri Empat ini, telah                    Regulations     of    Dana     Pensiun    Bank
                (Persero) No. 021C/KEP.DIR/1999 tanggal                     (Persero) No. 021C/KEP.DIR/1999 dated                           mendapat pengesahan dari Otoritas Jasa                        Mandiri Empat has been authorised by the
                31 Juli 1999, yang telah mendapat                           31 July 1999 was stipulated, which was                          Keuangan berdasarkan Keputusan Dewan                          Financial Services Authority based on the
                pengesahan Menteri berdasarkan Keputusan                    approved by the Minister based on the Decree                    Komisioner    Otoritas  Jasa   Keuangan                       Decision of the Board of Commissioners of the
                No.      KEP-396/KM.17/1999          tanggal                No. KEP-396/KM.17/1999 dated 15 November                        Nomor:      KEP-135/PD.02/2024    tanggal                     Financial     Services    Authority    Number
                15 November 1999, dengan nama Dana                          1999, under the name Dana Pensiun Bank                          26 Maret 2024 Tentang Pengesahan Atas                         KEP-135/PD.02/2024 dated 26 March 2024
                Pensiun Bank Mandiri Tiga.                                  Mandiri Tiga.                                                   Peraturan Dana Pensiun dari Dana Pensiun                      regarding the Ratification of the Pension Fund
                                                                                                                                            Bank Mandiri Empat dan diumumkan di                           Regulations of Dana Pensiun Bank Mandiri
                Peraturan Dana Pensiun dari Dana Pensiun                    The Pension Fund Regulations of Dana                            dalam Tambahan Lembaran Berita Negara                         Empat and has been announced in the
                Bank Mandiri Tiga telah disesuaikan terakhir                Pensiun Bank Mandiri Tiga have been                             Republik Indonesia No. 36 tanggal                             Additional to the State Gazette of the Republic
                berdasarkan Keputusan Direksi PT Bank                       adjusted recently by Decree of the Board of                     3 Mei 2024.                                                   of Indonesia No. 36 dated 3 May 2024.
                Mandiri      (Persero)       Tbk.       No.
                KEP.DPB3/001/2024 tanggal 13 Maret 2024.                    Directors of PT Bank Mandiri (Persero) Tbk.
                                                                            No. KEP.DPB3/001/2024 dated 13 March                       Perhitungan aktuaria atas liabilitas manfaat                  The actuarial calculation on pension benefits
                Penyesuaian dilakukan dalam rangka                                                                                     pensiun untuk Bank saja pada tanggal                          liability for Bank only as of 31 Desember 2024 and
                pemberian Manfaat Pensiun Lainnya berupa                    2024. The amendment was made in order to                   31 Desember 2024 dan 31 Desember 2023                         31 December 2023 were based on estimated
                Dana Manfaat Tambahan Tahun 2024                            provide Other Pension Benefits in the form of              didasarkan atas estimasi perhitungan aktuaria                 actuarial calculation for the year ended
                kepada Dana Pensiun Bank Mandiri Satu,                      Additional Benefits Fund year 2024 to Dana                 untuk tahun yang berakhir pada tanggal                        31 December 2023 as stated in report of Enny
                Dana Pensiun Bank Mandiri Dua, Dana                                                                                    31 Desember 2023 yang tercantum pada laporan                  Diah Awal Actuary Consultant Firm dated
                Pensiun Bank Mandiri Tiga dan Dana                          Pensiun Bank Mandiri Satu, Dana Pensiun
                Pensiun Bank Mandiri Empat.                                 Bank Mandiri Dua, Dana Pensiun Bank                        dari Kantor Konsultan Aktuaria Enny Diah Awal                 4 January 2024 with method of “Projected Unit
                                                                            Mandiri Tiga and Dana Pensiun Bank Mandiri                 tanggal 27 Desember 2024 dengan metode                        Credit”.
                                                                            Empat.                                                     Projected Unit Credit.



PT BANK MANDIRI (PERSERO) TBK                          1600     321                                                                                                                        1601
                                                                                                                                                                                              322                                  ANNUAL REPORT 2024
Page 523
           FINANCIAL STATEMENTS 2024


                                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                              PT BANK MANDIRI (PERSERO) Tbk.
                                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                            NOTES TO THE CONSOLIDATED                                               CATATAN ATAS LAPORAN KEUANGAN                                                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                   FINANCIAL STATEMENTS                                             KONSOLIDASIAN                                                                                                              FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                                   31 DECEMBER 2024 AND 2023                                            31 DESEMBER 2024 DAN 2023                                                                                              31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                          (Expressed in millions of Rupiah, unless otherwise stated)                                     (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                     (Expressed in millions of Rupiah, unless otherwise stated)

51. DANA PENSIUN DAN PESANGON (lanjutan)                                                        51. PENSION PLAN AND SEVERANCE PAY (continued)
                                                                                                                                                                                                 51. DANA PENSIUN DAN PESANGON (lanjutan)                                                   51. PENSION PLAN AND SEVERANCE PAY (continued)
     Dana pensiun (lanjutan)                                                                           Pension plan (continued)
                                                                                                                                                                                                     Dana pensiun (lanjutan)                                                                        Pension plan (continued)
     Asumsi-asumsi yang digunakan untuk tahun yang                                                     The assumptions used for the period and year ended
     berakhir tanggal 31 Desember 2024 dan 2023 adalah                                                 31 December 2024 and 2023 are as follows:
     sebagai berikut:                                                                                                                                                                                Estimasi nilai kini liabilitas manfaat pensiun dan nilai                                       The present value of the pension benefit obligations and
                                           DPBMS                           DPBMD                                  DPBMT                          DPBME
                                                                                                                                                                                                     wajar aset bersih pada tanggal 31 Desember 2023                                                net fair value of plan assets as of 31 December 2023 are
                                                                                                                                                                                                     adalah sebagai berikut:                                                                        as follows:
     Tingkat diskonto                      6,90%                            6,90%                                 6,90%                           6,90%                        Discount rate
     Tingkat pengembalian                                                                                                                                                    Expected rate of
        aset dana pensiun                                                                                                                                                return on pension                                                                                                      2023
        yang diharapkan                      8%                                 8%                                  8%                             8%                          plan assets
     Masa kerja yang                  Per 31 Juli 1999/                Per 31 Juli 1999/                      Per 31 Juli 1999/              Per 31 Juli 1999/               Working period                                                                   DPBMS               DPBMD                      DPBMT                DPBME
       digunakan                     As of 31 July 1999               As of 31 July 1999                     As of 31 July 1999             As of 31 July 1999                      used
                                                                                                    (Gaji Pokok + Tunjangan
                                                                                                     Keluarga) x Tunjangan
                                                                                                    kemahalan cabang yang                                                                            Nilai kini liabilitas                                                                                                                              Present value of the pension
                                                                                                      terdaftar pada tanggal                                                                            manfaat pensiun                                       (1.252.727)           (1.383.448)                  (570.853)            (439.812)                  benefit obligation
                                                                    Gaji Pokok + Tunjangan           31 Juli 1999 yang telah
                                  Gaji Pokok x Indeks yang        lainnya yang terdaftar pada              disesuaikan                                                                               Nilai wajar aset program                                  1.295.271             1.404.869                    583.862              586.699              Fair value of plan assets
                                    terdaftar pada tanggal         tanggal 31 Juli 1999 yang               pada tanggal                 Gaji Dasar yang terdaftar
                                   31 Juli 1999 yang telah              telah disesuaikan              31 Desember 2002/               pada tanggal 31 Juli 1999
                                  disesuaikan pada tanggal                 pada tanggal              (Basic Salary + Family              yang telah disesuaikan                                      Funded status                                                 42.544                 21.421                   13.009              146.887                          Funded Status
                                     31 Desember 2002/                31 Desember 2002/              Allowance) x Expensive                   pada tanggal
                                     Basic Salary x Index             Basic Salary + Other           allowance for branches               31 Desember 2002/                                          Batas aset (asset ceiling)*)                                 (42.544)               (21.421)                 (13.009)            (146.887)                          Asset ceiling*)
     Penghasilan Dasar           registered on 31 July 1999,        Benefits registered on 31      registered on 31 July 1999,         Basic Salary registered on              Pensionable
       Pensiun (PhDP)                which adjusted on 31        July 1999, which adjusted on          which adjusted on 31           31 July 1999, which adjusted                salary
       yang digunakan                  December 2002                   31 December 2002                  December 2002                   on 31 December 2002                 (PhDP) used             Aset program manfaat                                                                                                                                    Pension plan program
                                                                                                                                                                                                       pensiun yang diakui                                                                                                                                 assets recognised in
     Tingkat kenaikan                                                                                                                                                      Expected rates of
        PhDP                               Nihil/Nil                        Nihil/Nil                             Nihil/Nil                      Nihil/Nil                 PhDP increase               di laporan posisi                                                 -                     -                          -                    -         consolidated statement
     Tabel tingkat                                                                                                                                                                                     keuangan konsolidasian**)                                                                                                                          of financial position **)
       kematian                      80% UN 2010 Male                 80% UN 2010 Male                      80% UN 2010 Male               80% UN 2010 Male               Mortality rate table
                                   Usia 23 - 29 = 10,00%            Usia 23 - 29 = 10,00%            Usia 23 - 29 = 10,00%               Usia 23 - 29 = 10,00%
                                  Usia 30 - UPN = 3,50%          Usia 30 - UPN = 3,50% turun        Usia 30 - UPN = 3,50%             Usia 30 - UPN = 3,50% turun                                    *)    Tidak terdapat akumulasi kerugian aktuarial bersih dan biaya jasa lalu yang              *)    There are no unrealised accumulated actuarial loss-net nor unrealised past
                                  turun linear s.d. 0,00%/             linear s.d. 0,00%/           turun linear s.d. 0,00%/                linear s.d. 0,00%/
                                   Age 23 - 29 = 10.00%             Age 23 - 29 = 10.00%             Age 23 - 29 = 10.00%                Age 23 - 29 = 10.00%                                              belum diakui serta tidak terdapat nilai kini dari manfaat ekonomis yang                        service cost and there are no present value of available future refunds or
                                Age 30 - Normal Retirement       Age 30 - Normal Retirement       Age 30 - Normal Retirement          Age 30 - Normal Retirement                                           tersedia dalam bentuk pengembalian dana dari program atau pengurangan                          reductions of future contributions.
     Tingkat pengunduran         Age = 3.50% decreasing            Age = 3.50% decreasing          Age = 3.50% decreasing               Age = 3.50% decreasing                                             iuran masa depan.
        diri                        linearly up to 0.00%             linearly up to 0.00%             linearly up to 0.00%                linearly up to 0.00%                 Turnover rate         **)   Tidak ada aset yang diakui di laporan posisi keuangan konsolidasian karena               **)   There are no plan assets recognised in the consolidated statement of financial
                                10,00% dari tingkat mortalita/   10,00% dari tingkat mortalita/   10,00% dari tingkat mortalita/      10,00% dari tingkat mortalita/                                       ketentuan yang disyaratkan dalam PSAK No. 219 mengenai “Imbalan Kerja”                         position because the requirements under SFAS No. 219 regarding “Employee
     Tingkat kecacatan            10.00% of mortality rate         10.00% of mortality rate         10.00% of mortality rate            10.00% of mortality rate               Disability rate             tidak terpenuhi.                                                                               Benefits” are not fulfilled.

     Metode aktuaria                Projected Unit Credit            Projected Unit Credit              Projected Unit Credit             Projected Unit Credit             Actuarial method
                                48 tahun sampai dengan 56                                                                                                                                            Komposisi aset program dari masing-masing dana                                                 The composition of plan assets from Pension Fund as
                                     tahun disesuaikan
                                    berdasarkan strata/                56 tahun untuk                   56 tahun untuk                       56 tahun untuk                                          pensiun pada tanggal 31 Desember 2024 dan 2023                                                 of 31 December 2024 and 2023 are as follows:
     Usia pensiun normal          48 years old to 56 years              semua strata/                    semua strata/                        semua strata/            Normal retirement age
        (“UPN”)                  depending on the Grades          56 years old for all Grades      56 years old for all Grades          56 years old for all Grades                (“UPN”)           terdiri dari:
     Tingkat                                                                                                                                                                Expected rate of
        kenaikan manfaat                                                                                                                    2,00% per tahun/               pension benefit
        pensiun                           Nihil/Nil                         Nihil/Nil                             Nihil/Nil                 2.00% per annum                      increase                                                                                    31 Desember 2024/ 31 December 2024

                                    Tarif pajak progresif
                                  berdasarkan UU RI No.7              Tarif pajak progresif           Tarif pajak progresif                Tarif pajak progresif                                                                                              DPBMS               DPBMD                      DPBMT                DPBME
                                tahun 2021/ Progressive tax         berdasarkan UU RI No.7          berdasarkan UU RI No.7               berdasarkan UU RI No.7
     Tarif pajak rata-rata       rate based on UU RI No.7         tahun 2021/ Progressive tax     tahun 2021/ Progressive tax          tahun 2021/ Progressive tax          Average tax rates
                                                                   rate based on UU RI No.7        rate based on UU RI No.7             rate based on UU RI No.7                                     Deposito                                                          3%                   8%                         0%                  20%                            Time deposit
                                                                                                                                                                                                     Obligasi                                                         28%                  35%                         9%                  13%                                   Bonds
     Estimasi nilai kini liabilitas manfaat pensiun dan nilai                                          Estimated present value of the pension benefit                                                Penempatan langsung                                               9%                  17%                        39%                   5%                        Direct placement
     wajar aset bersih pada tanggal 31 Desember 2024                                                   obligations and net fair value of plan assets as of                                           Tanah dan bangunan                                               34%                   5%                        32%                   0%                       Land and building
     adalah sebagai berikut:                                                                           31 December 2024 are as follows:                                                              Saham                                                             2%                   1%                         0%                   0%                                  Shares
                                                                                                                                                                                                     Surat Berharga Negara                                            24%                  30%                        20%                  62%                           Treasury bills
                                                                                                   2024
                                                                                                                                                                                                     Lain-lain                                                         0%                   4%                         0%                   0%                                   Others
                                                                 DPBMS                  DPBMD                    DPBMT                DPBME
                                                                                                                                                                                                     Total                                                          100%                  100%                      100%                  100%                                     Total
     Nilai kini liabilitas                                                                                                                                   Present value of the pension
        manfaat pensiun                                          (1.100.298)            (1.222.283)                  (499.913)            (396.228)                   benefit obligation
     Nilai wajar aset program                                     1.241.448              1.314.881                    535.363              561.143               Fair value of plan assets                                                                                   31 Desember 2023/ 31 December 2023
     Funded status                                                 141.150                   92.598                     35.450             164.915                          Funded Status
     Batas aset (asset ceiling)*)                                 (141.150)                (92.598)                    (35.450)           (164.915)                          Asset ceiling*)                                                                  DPBMS               DPBMD                      DPBMT                DPBME

     Aset program manfaat                                                                                                                                         Pension plan program
       pensiun yang diakui                                                                                                                                      assets recognised in                 Deposito                                                          5%                   5%                         1%                  16%                            Time deposit
       di laporan posisi                                                                                                                                      consolidated statement                 Obligasi                                                         34%                  39%                        11%                  17%                                   Bonds
       keuangan konsolidasian**)                                            -                      -                          -                    -           of financial position **)
                                                                                                                                                                                                     Penempatan langsung                                               8%                  23%                        35%                   3%                        Direct placement
                                                                                                                                                                                                     Tanah dan bangunan                                               28%                   4%                        31%                   0%                       Land and building
     *)    Tidak terdapat akumulasi kerugian aktuarial bersih dan biaya jasa lalu yang                 *)     There are no unrealised accumulated actuarial loss-net nor unrealised past             Saham                                                             1%                   1%                         0%                   0%                                  Shares
           belum diakui serta tidak terdapat nilai kini dari manfaat ekonomis yang                            service cost and there are no present value of available future refunds or
           tersedia dalam bentuk pengembalian dana dari program atau pengurangan                              reductions of future contributions.                                                    Surat Berharga Negara                                            24%                  28%                        22%                  63%                           Treasury bills
           iuran masa depan.
     **)   Tidak ada aset yang diakui di laporan posisi keuangan konsolidasian karena                  **)    There are no plan assets recognised in the consolidated statement of financial         Lain-lain                                                         0%                   0%                         0%                   1%                                   Others
           ketentuan yang disyaratkan dalam PSAK 219 mengenai “Imbalan Kerja” tidak                           position because the requirements under SFAS No. 219 regarding “Employee
           terpenuhi.                                                                                         Benefits” are not fulfilled.
                                                                                                                                                                                                     Total                                                          100%                  100%                      100%                  100%                                     Total




PT BANK MANDIRI (PERSERO) TBK                                                   1602              323                                                                                                                                                                                    1603
                                                                                                                                                                                                                                                                                            324
                                                                                                                                                                                                                                                                                                                                                         ANNUAL REPORT 2024
Page 524
          FINANCIAL STATEMENTS 2024


                                                                                                                                                                        PT BANK MANDIRI (PERSERO) Tbk.
                                           PT BANK MANDIRI (PERSERO) Tbk.
                                                                                                                                                                   DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
                                                                                                                                CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
                                                                                                                                KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
                                                                                                                                31 DESEMBER 2024 DAN 2023                                                                       31 DECEMBER 2024 AND 2023
31 DESEMBER 2024 DAN 2023                                                                    31 DECEMBER 2024 AND 2023
                                                                                                                                (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)


51. DANA PENSIUN DAN PESANGON (lanjutan)                      51. PENSION PLAN AND SEVERANCE PAY (continued)                    51. DANA PENSIUN DAN PESANGON (lanjutan)                         51. PENSION PLAN AND SEVERANCE PAY (continued)

     Dana pensiun (lanjutan)                                         Pension plan (continued)                                       Dana pensiun (lanjutan)                                             Pension plan (continued)

     Undang-undang di Bidang Ketenagakerjaan dan                     Labor Law and Bank Mandiri Collective Labor                    Undang-undang di Bidang Ketenagakerjaan dan                         Labor Law and Bank Mandiri Collective Labor
     Perjanjian Kerja Bersama Bank Mandiri                           Agreement                                                      Perjanjian Kerja Bersama Bank Mandiri (lanjutan)                    Agreement (continued)

     Bank Mandiri telah menerapkan kebijakan akuntansi               Bank Mandiri has implemented an accounting policy for
                                                                                                                                    Mutasi nilai kini kewajiban pasti selama tahun berjalan             The movement in present value of obligation over the
     imbalan kerja PSAK No. 219 dengan mengakui                      employment benefits SFAS No. 219 to recognise
                                                                                                                                    adalah sebagai berikut (Bank Mandiri saja):                         year is as follows (Bank Mandiri only):
     cadangan atas tunjangan masa kerja pegawai                      provision for employee service entitlements. Bank
     (employee service entitlements). Bank Mandiri                   Mandiri recognizes provisions for employee long
     mengakui cadangan atas tunjangan masa kerja                     service benefits based on the Employment Law and                                                                2024                      2023
     pegawai berdasarkan Undang-undang di Bidang                     and Bank Mandiri Collective Labor Agreements for the
     Ketenagakerjaan dan Perjanjian Kerja Bersama Bank               period and year ended 31 December 2024 and 31                  Nilai kini kewajiban pada awal                                                            Beginning balance of present value
     Mandiri untuk tahun yang berakhir pada tanggal 31               December 2023 amounted to Rp3,395,987 and                         tahun                                           2.066.274                1.879.403                         of obligation
     Desember 2024 dan 31 Desember 2023 masing-                      Rp3,469,705 (including compensation benefits of
                                                                                                                                    Biaya jasa kini                                      194.104                  198.515                   Current service cost
     masing sejumlah Rp3.395.987 dan Rp3.469.705                     Rp8,240 for resigned employees which have not yet
                                                                                                                                    Biaya pesangon                                       160.281                   10.138                   Severance payment
     (termasuk Rp8.240 yang merupakan pesangon atas                  been paid and excluded from actuarial calculation),
                                                                                                                                    Biaya bunga                                          129.194                  133.304                             Interest fee
     pegawai yang sudah berhenti tetapi belum dibayarkan             respectively, based on the estimated post employment
     dan telah dikeluarkan dari perhitungan aktuarial)               benefit in the independent actuarial reports (Note 34).        Pembayaran imbalan pasca-kerja                      (332.695)                (106.625)                           Benefit paid
     berdasarkan perkiraan biaya uang penghargaan                                                                                   (Keuntungan)/kerugian aktuarial                       (7.710)                 (48.461)                Actuarial (gain)/losses
     pegawai sebagaimana tercantum dalam laporan
     aktuaria independen (Catatan 34).                                                                                              Nilai kini kewajiban pada akhir                                                                  Ending balance of present
                                                                                                                                       tahun                                           2.209.448                2.066.274                 value of obligation
     Penyisihan atas tunjangan masa kerja pegawai pada               Provision for employee service entitlements as of
     tanggal 31 Desember 2024 dan 31 Desember 2023                   31 December 2024 and 31 December 2023 are
     dihitung berdasarkan perhitungan hak masa kerja                 estimated using the employees service entitlements             Jumlah yang diakui pada laporan laba rugi dan                       The amounts recognised in the statement of profit or
     pegawai untuk periode yang berakhir 31 Desember                 calculation for the period ended 31 December 2024 as
                                                                                                                                    penghasilan komprehensif lain berdasarkan laporan                   loss and other comprehensive income based on
     2024 sebagaimana tercantum dalam laporan aktuaria               included in the independent actuarial report of Enny
                                                                                                                                    aktuaria independen adalah sebagai berikut (Bank                    independent actuarial report are as follows (Bank
     independen Kantor Konsultan Aktuaria Enny Diah                  Diah Awal Actuary Consultant Firm dated 27 December
                                                                                                                                    Mandiri saja):                                                      Mandiri only):
     Awal tanggal 27 Desember 2024. Asumsi-asumsi                    2024. The assumptions used by the actuary are as
     yang digunakan oleh aktuaria adalah sebagai berikut:            follows:
     a. Tingkat diskonto: 6,90% per tahun.                           a. Discount rate: 6.90% per annum.                             Laba Rugi                                                                                                      Profit or Loss
     b. Tingkat kenaikan gaji: 8,00%.                                b. Salary increase rate: 8.00%.
                                                                                                                                                                                     2024                      2023
     c. Tabel tingkat kematian yang digunakan Tabel                  c. Mortality rate table used is Indonesia Mortality
          Mortalita Indonesia Tahun 2019.                                 2019.
                                                                                                                                    Biaya jasa kini                                        354.385                208.653                     Current service cost
     d. Tingkat pengunduran diri: Usia 23 - 29 = 10,00%,             d. Turnover rate: Age 23 - 29 = 10.00%, Age 30 -
          Usia 30 - UPN = 3,50% turun linear s.d. 0,00%.                  Normal Retirement Age = 3.50% decreasing                  Biaya bunga                                            129.194                133.304                            Interest cost
                                                                          linearly up to 0.00%.
     e.    Metode aktuaria adalah projected unit credit              e. Actuarial method is projected unit credit method.           Biaya uang penghargaan pegawai                         483.579                341.957               Cost of pension benefits
           method.
     f.    Usia pensiun normal berkisar antara 36 tahun              f.   Normal retirement age between 36 to 56 years
           sampai    dengan    56   tahun    disesuaikan                  according to the grades.                                  Penghasilan Komprehensif Lain                                                                Other Comprehensive Income
           berdasarkan strata.
     g.    Tingkat kecacatan 10,00% dari kemungkinan                 g.   Disability rate is 10.00% of death probability at                                                          2024                      2023
           orang meninggal pada masing-masing usia.                       each age.
                                                                                                                                    Asumsi keuangan                                                                                        Financial assumptions
     Jumlah yang diakui pada laporan posisi keuangan                 The amounts recognised in the statement of financial             (perubahan asumsi)                                   (15.750)                91.329            (change in assumptions)
     ditentukan berdasarkan laporan aktuaria independen              position are determined based on independent                   Penyesuaian pengalaman                                                                                Experience adjustment
     sebagai berikut (Bank Mandiri saja):                            actuarial report as follows (Bank Mandiri only):                 (demografi dan keuangan)                                8.040              (139.790)       (demographics and finances)

                                                     2024                   2023                                                    Keuntungan aktuarial yang diakui                                                                 Actuarial gains recognised
     Cadangan atas tunjangan masa kerja                                                     Provision for post employment             pada penghasilan                                                                               in other comprehensive
       pegawai yang diakui di laporan                                                  benefits presented in statement of             komprehensif lain                                     (7.710)                (48.461)                           income
       posisi keuangan                                 2.209.448             2.066.274                  financial position




PT BANK MANDIRI (PERSERO) TBK                        1604          325
                                                                                                                                                                                              1605
                                                                                                                                                                                                 326                                        ANNUAL REPORT 2024
Page 525
           FINANCIAL STATEMENTS 2024


                                                        PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                       PT BANK MANDIRI (PERSERO) Tbk.
                                                   DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                             DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                       NOTES TO THE CONSOLIDATED                                        CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                              FINANCIAL STATEMENTS                                      KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                              31 DECEMBER 2024 AND 2023                                     31 DESEMBER 2024 DAN 2023                                                                       31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                     (Expressed in millions of Rupiah, unless otherwise stated)                              (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)


51. DANA PENSIUN DAN PESANGON (lanjutan)                                                51. PENSION PLAN AND SEVERANCE PAY (continued)                                               51. DANA PENSIUN DAN PESANGON (lanjutan)                         51. PENSION PLAN AND SEVERANCE PAY (continued)

     Dana pensiun (lanjutan)                                                                   Pension plan (continued)                                                                  Apresiasi Pensiun (lanjutan)                                        Pension Appreciation (continued)

     Undang-undang di Bidang Ketenagakerjaan dan                                               Labor Law and Bank Mandiri Collective Labor                                               Asumsi-asumsi yang digunakan untuk tahun yang                       The assumptions used for the period and year ending
     Perjanjian Kerja Bersama Bank Mandiri (lanjutan)                                          Agreement (continued)                                                                     berakhir 31 Desember 2024 dan 2023 adalah sebagai                   31 December 2024 and 2023 are as follows:
                                                                                                                                                                                         berikut:
     Rekonsiliasi cadangan atas tunjangan masa kerja                                           Reconciliations of provision for post employment benefits                                 a. Tingkat diskonto: 7,10%                                          a.   Discount rate: 7.10%
     pegawai adalah sebagai berikut:                                                           are as follows:                                                                           b. Harga emas: Rp1.514.000 (nilai penuh).                           b.   Gold price: Rp1,514,000 (full amount).
                                                                                                                                                                                         c. Tingkat kenaikan harga emas: 10,00%.                             c.   Increment rate of gold price: 10.00%.
                                                                         2024                                 2023                                                                       d. Tabel tingkat kematian yang digunakan Tabel                      d.   Mortality rate table used is Indonesia Mortality
                                                                                                                                                                                              Mortalita Indonesia Tahun 2019.                                     2019.
     Bank Mandiri                                                                                                                                     Bank Mandiri                       e. Tingkat kecacatan 10% dari kemungkinan orang                     e.   Disability rate is 10% of death probability at each
     Cadangan atas tunjangan masa kerja                                                                                            Beginning balance of provision for                         meninggal pada masing-masing usia.                                  age.
       pegawai awal tahun                                                     2.066.274                         1.879.403               post employment benefits                         f. Tingkat pengunduran diri: Usia 23 - 29 = 10,00%                  f.   Turnover rate: Age 23 - 29 = 10.00% Age 30 -
     Biaya selama tahun berjalan                                                483.579                           341.957                  Expenses during the year                           Usia 30 - UPN = 3,50% turun linear s.d. 0,00%.                      Normal Retirement Age = 3.50% decreasing
     Pembayaran manfaat                                                        (332.695)                         (106.625)                     Payments of benefits                                                                                               linearly up to 0.00%.
     Keuntungan aktuarial yang diakui pada                                                                                           Recognition of actuarial gain in                    g.   Usia pensiun normal yaitu ketika pekerja                       g.   Normal retirement age is until age of 56 years.
       penghasilan komprehensif lain                                             (7.710)                           (48.461)          other comprehensive income                               mencapai usia 56 tahun.
                                                                                                                                                                                         h.   Metode aktuaria adalah projected unit credit                   h.   Actuarial method used is projected unit credit
     Cadangan atas tunjangan                                                                                                       Ending balance of provision for                            method.                                                             method.
       masa kerja pegawai akhir tahun                                                                                                 post employment benefits
       (Bank Mandiri saja)                                                    2.209.448                         2.066.274                   (Bank Mandiri only)                          Mutasi nilai kini kewajiban pasti selama tahun berjalan             The movement in present value of obligation over the
                                                                                                                                                                                         adalah sebagai berikut (Bank Mandiri saja):                         year is as follows (Bank Mandiri only):
     Entitas Anak                                                                                                                                     Subsidiaries
                                                                                                                                                                                                                                          2024                      2023
     Cadangan atas tunjangan masa                                                                                                   Provision for post employment
       kerja pegawai                                                          1.178.299                         1.395.191                                benefits                                                                                                                Beginning balance of present value
                                                                                                                                                                                         Nilai kini kewajiban pada awal tahun                   83.508                   67.151                      of obligation
     Total cadangan atas tunjangan masa                                                                                            Total provision for post                              Biaya selama tahun berjalan                            17.990                   14.471           Expenses during the year
       kerja pegawai (Catatan 34)                                             3.387.747*)                       3.461.465*) employment benefits (Note 34)                                Pembayaran manfaat                                     (7.886)                  (5.545)                         Benefit paid
                                                                                                                                                                                         Kerugian aktuarial yang diakui pada                                                          Actuarial losses through other
                                                                                                                                                                                           penghasilan komprehensif lain                           5.576                   7.431         comprehensive income
     *)   Pada tanggal 31 December 2024 dan 2023, jumlah tersebut tidak termasuk               *)       As of 31 December 2024 and 2023, the amount does not include unpaid
          pesangon atas pegawai yang telah berhenti tetapi belum dibayarkan sebesar                     severance for resigned employees which have not yet been paid amounted to
          Rp8.240 yang telah dikeluarkan dari perhitungan aktuarial.                                    Rp8,240, which was excluded from actuarial calculation.                          Nilai kini kewajiban pada akhir                                                             Ending balance of present value
                                                                                                                                                                                           tahun (Catatan 34)                                   99.188                   83.508            of obligation (Note 34)
     Nilai kini liabilitas yang didanai, nilai wajar aset                                      The present value of funded benefit obligations, fair
     program dan surplus pada program untuk lima tahun                                         value of plan assets and the surplus on the program for
     terakhir yaitu (Bank Mandiri saja):                                                       the last five years, which are (Bank Mandiri only):                                       Jumlah yang diakui pada laporan laba rugi dan                       The amounts recognised in the statement of profit or
                                                                                                                                                                                         penghasilan komprehensif lain berdasarkan laporan                   loss and other comprehensive income based on
                                                                         31 Desember/December                                                                                            aktuaria independen adalah sebagai berikut (Bank                    independent actuarial report are as follows (Bank
                                                                                                                                                                                         Mandiri saja):                                                      Mandiri only):
                                            2024               2023                   2022                     2021                 2020

                                                                                                                                                                                         Laba Rugi                                                                                                     Profit or Loss
     Nilai kini kewajiban                                                                                                                               Present value of defined
        imbalan pasti                       2.209.448           2.066.274             1.879.403                 1.920.311           2.811.930              benefit obligations
     Nilai wajar aset program                       -                   -                     -                         -                   -           Fair value of plan assets
                                                                                                                                                                                                                                          2024                      2023

     Defisit program                        2.209.448           2.066.274             1.879.403                 1.920.311           2.811.930                  Deficit in the plan       Biaya jasa kini                                         5.490                     9.771                   Current service cost
                                                                                                                                                                                         Biaya bunga                                            12.500                     4.700                          Interest cost
     Penyesuaian pengalaman                                                                                                                             Experience adjustments
       pada liabilitas program                 (8.040)            139.790               114.748                   309.589             228.319               on plan liabilities
                                                                                                                                                                                         Biaya apresiasi pensiun                                17.990                   14.471          Cost of pension appreciation
     Penyesuaian pengalaman                                                                                                                             Experience adjustments
       pada aset program                             -                    -                         -                     -                   -            on asset program
                                                                                                                                                                                         Penghasilan Komprehensif Lain                                       Other Comprehensive Income

     Apresiasi Pensiun                                                                         Pension Appreciation                                                                                                                       2024                      2023

     Bank Mandiri memberikan program apresiasi pensiun                                         Bank Mandiri provides pension appreciation programs                                       Asumsi keuangan                                                                                        Financial assumptions
     kepada pegawai yang memasuki usia pensiun normal                                          to employees who enter normal retirement age (age                                           (perubahan asumsi)                                   (11.180)                    9.620         (change in assumptions)
     (56 tahun). Program ini berlaku bagi pegawai yang                                         56). This program is eligible for employees who have                                      Penyesuaian pengalaman                                  16.756                    (2.189)             Experience adjustment
     telah memasuki masa kerja 10 tahun. Nilai kini                                            entered their ten years of service period. The present
     kewajiban untuk cadangan atas program apresiasi                                           value for provision of pension appreciation program as                                    Kerugian aktuarial yang diakui                                                                   Actuarial losses recognised
     pensiun per 31 Desember 2024 dan 31 Desember                                              of 31 Desember 2024 and 31 December 2023 based                                              pada penghasilan                                                                               in other comprehensive
     2023 berdasarkan perhitungan aktuaria sebesar                                             on an actuarial calculation amounted to Rp99,188 and                                        komprehensif lain                                       5.576                   7.431                           income
     Rp99.188 dan Rp83.508 (Catatan 34).                                                       Rp83,508, respectively (Note 34).



PT BANK MANDIRI (PERSERO) TBK                                            1606                327                                                                                                                                                   1607
                                                                                                                                                                                                                                                      328                                        ANNUAL REPORT 2024
Page 526
         FINANCIAL STATEMENTS 2024


                                                 PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                             PT BANK MANDIRI (PERSERO) Tbk.
                                            DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                   DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                           NOTES TO THE CONSOLIDATED                                            CATATAN ATAS LAPORAN KEUANGAN                                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                  FINANCIAL STATEMENTS                                          KONSOLIDASIAN                                                                                              FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                  31 DECEMBER 2024 AND 2023                                         31 DESEMBER 2024 DAN 2023                                                                              31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                         (Expressed in millions of Rupiah, unless otherwise stated)                                  (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                     (Expressed in millions of Rupiah, unless otherwise stated)

51. DANA PENSIUN DAN PESANGON (lanjutan)                                       51. PENSION PLAN AND SEVERANCE PAY (continued)                                                51. DANA PENSIUN DAN PESANGON (lanjutan)                                   51. PENSION PLAN AND SEVERANCE PAY (continued)
     Rekonsiliasi PVDBO (Bank Mandiri saja):                                         Reconciliation of PVDBO (Bank Mandiri only):
                                                                                                                                                                                 Mutasi penghasilan komprehensif lainnya:                                   Movements in other comprehensive income:
                                                                          2024
                                                                                                                       Apresiasi                                                 Mutasi penghasilan komprehensif lainnya untuk Bank                         Movements in other comprehensive income for the
                                                                                                   UUK TK               Pensiun/
                                                                                                   dan/and              Pension                                                  Mandiri saja untuk tahun yang berakhir pada tanggal                        Bank Mandiri only for the period and year ended
                                     DPBMS         DPBMD         DPBMT           DPBME            PKB BMRI            appreciation
                                                                                                                                                                                 31 Desember 2024 dan 2023 adalah sebagai berikut:                          31 December 2024 and 2023 as follows:
     PVDBO pada awal tahun            1.252.727     1.383.448      570.853            439.812         2.066.274              83.508        Beginning balances of PVDBO
     Biaya jasa kini                          -             -            -                  -           194.104              12.500                   Current service cost                                                                         2024
     Biaya bunga atas PVDBO              78.253        86.844       35.890             27.434           129.194               5.490               Interest cost of PVDBO
     Biaya pesangon                           -             -            -                  -           160.281                                            Severance pay
     Pembayaran imbalan dari                                                                                                                       Benefit payments from                                                                                                              Apresiasi
        aset program                   (169.523)     (174.526)     (70.366)           (60.683)         (332.695)             (7.886)                       plan assets                                                                                                 UUK TK          Pensiun/
                                                                                                                                                                                                                                                                       dan/and         Pension
     (Keuntungan)/kerugian                                                                                                                       Actuarial (gain)/losses                                           DPBMS       DPBMD       DPBMT          DPBME       PKB BMRI       appreciation
        aktuarial dari PVDBO:                                                                                                                          from PVDBO:
     Kerugian atau perubahan                                                                                                                        Losses on change of
        asumsi demografis                     9             1              4                1               1.523                    -              In demographics)             Akumulasi keuntungan/(kerugian)                                                                                    Accumulated of actuarial gains/(loss)
     (Keuntungan)/kerugian atas                                                                                                               (Gain)/losses on change of
        perubahan asumsi ekonomis       13.831        (16.466)      (6.516)            (5.936)             (15.750)         (11.180)          assumption in economic                aktuarial awal tahun                   -           -            -             -      1.869.591          (2.839)             on beginning period
     (Keuntungan)/Kerugian atas                                                                                                                                                  Keuntungan/(kerugian) aktuarial                                                                                                 Actuarial gain/(loss) of
        penyesuaian pengalaman                                                                                                               (Gain)/losses on experience            tahun berjalan                         -           -            -             -         7.710           (5.575)               the current period
        (experience adjustment)         (47.337)      (57.017)     (29.952)            (4.400)              6.517            16.756                        adjustment


     PVDBO pada akhir tahun           1.127.960     1.222.284      499.913            396.228         2.209.448              99.188         Ending balances of PVDBO             Akumulasi keuntungan/(kerugian)                                                                                      Accumulated actuarial gains/(loss)
                                                                                                                                                                                   aktuarial akhir tahun                   -           -            -             -      1.877.301          (8.414)              on ending period

                                                                          2023
                                                                                                                                                                                                                                                   2023
                                                                                                                       Apresiasi
                                                                                                   UUK TK               Pensiun/
                                                                                                   dan/and              Pension                                                                                                                                                       Apresiasi
                                     DPBMS         DPBMD         DPBMT           DPBME            PKB BMRI            appreciation                                                                                                                                     UUK TK          Pensiun/
                                                                                                                                                                                                                                                                       dan/and         Pension
     PVDBO pada awal tahun            1.321.307     1.453.643      600.389            466.605         1.879.403              67.151        Beginning balances of PVDBO                                             DPBMS       DPBMD       DPBMT          DPBME       PKB BMRI       appreciation
     Biaya jasa kini                          -             -            -                  -           198.515               9.771                   Current service cost
     Biaya bunga atas PVDBO              90.056        99.689       41.260             32.005           133.304               4.700               Interest cost of PVDBO
     Biaya jasa lalu                          -             -            -                  -                 -                   -                     Past service cost        Akumulasi keuntungan aktuarial                                                                                            Accumulated of actuarial gains
     Biaya pesangon                           -             -            -                  -            10.138                   -                        Severance pay            awal tahun                             -           -            -             -      1.821.130           4.592                 on beginning year
     Pembayaran imbalan dari                                                                                                                       Benefit payments from         Keuntungan/(kerugian) aktuarial                                                                                                 Actuarial gain/(loss) of
        aset program                   (175.312)     (176.085)     (70.365)           (56.355)         (106.625)             (5.545)                       plan assets
                                                                                                                                                                                    tahun berjalan                         -           -            -             -        48.461           (7.431)                  the current year
     (Keuntungan)/kerugian                                                                                                                       Actuarial (gain)/losses
        aktuarial dari PVDBO:                                                                                                                          from PVDBO:
     Kerugian atas perubahan                                                                                                             Losses on change of assumption          Akumulasi keuntungan/(kerugian)                                                                                      Accumulated actuarial gains/(loss)
        asumsi ekonomis                 44.285        51.437        21.085             18.707              91.329             9.620                       in economic              aktuarial akhir tahun                   -           -            -             -      1.869.591          (2.839)                  on ending year
     (Keuntungan) atas
        penyesuaian pengalaman                                                                                                                      (Gain) on experience
        (experience adjustment)         (27.609)      (45.236)     (21.516)           (21.150)         (139.790)             (2.189)                       adjustment

                                                                                                                                                                                 Jatuh tempo dari manfaat pada tanggal 31 Desember                          Employee benefits liabilities maturing on 31 December
     PVDBO pada akhir tahun           1.252.727     1.383.448      570.853            439.812         2.066.274              83.508         Ending balances of PVDBO
                                                                                                                                                                                 2024 dan 2023 adalah sebagai berikut untuk UUK No.                         2024 and 2023 related to UUK No. 13/2003 are as
                                                                                                                                                                                 13/2003:                                                                   follows:
     Rekonsiliasi atas aset program (Bank Mandiri saja):                             Reconciliation of plan assets (Bank Mandiri only):
                                                                                                                                                                                                                                               2024
                                                                                  2024

                                                   DPBMS           DPBMD                  DPBMT                     DPBME
                                                                                                                                                                                 Tahun ke-1                                                           189.976                                                          Year 1
     Nilai wajar aset program pada                                                                                                             Beginning fair value of           Tahun ke-2                                                           269.857                                                          Year 2
        awal tahun                                  1.295.271        1.404.869                   583.862                 586.699                       plan assets
     Pembayaran imbalan dari                                                                                                                   Benefit payments from             Tahun ke-3                                                           312.699                                                          Year 3
        aset program                                 (169.522)           (174.526)               (70.365)                (60.683)                      plan assets
     Pendapatan bunga atas                                                                                                                         Interest income in            Tahun ke-4                                                           374.231                                                          Year 4
        aset program                                   81.104             88.280                  36.761                  37.276                       plan assets               Tahun ke-5                                                           377.029                                                          Year 5
     Hasil aset program                                                                                                                         Result of plan assets
        (tidak termasuk pendapatan bunga)              34.595              (3.742)               (14.895)                 (2.149)        (exclude interest income)               Tahun ke-6 dan seterusnya                                         10.989.592                                                Year 6 and others
     Nilai wajar aset program pada                                                                                                            Ending fair value plan
        akhir tahun                                 1.241.448        1.314.881                   535.363                 561.143                           assets                Total                                                             12.513.384                                                                  Total

                                                                                  2023
                                                                                                                                                                                 Rata-rata durasi kewajiban manfaat pasti adalah 6,87                       The average duration of defined benefit obligations is
                                                   DPBMS           DPBMD                  DPBMT                     DPBME                                                        tahun dan 7,15 tahun, dan kewajiban iuran pasti                            6.87 years and 7.15 years, and the fixed contribution
                                                                                                                                                                                 12,14 dan 11,33 tahun per tanggal 31 Desember                              obligations are 12.14 and 11.33 years as of December
     Nilai wajar aset program pada                                                                                                             Beginning fair value of           2024 dan 2023.                                                             31 2024 and 2023.
        awal tahun                                  1.420.106        1.465.542                   626.880                 608.820                       plan assets
     Pembayaran imbalan dari                                                                                                                   Benefit payments from
        aset program                                 (175.312)           (176.085)               (70.365)                (56.355)                      plan assets               Perhitungan aktuaria atas liabilitas manfaat pensiun                       Actuary’s calculation of employee pension benefits for
     Pendapatan bunga atas                                                                                                                         Interest income in
        aset program                                   97.269            100.557                  43.194                  42.387                       plan assets               untuk Bank saja pada tanggal 31 Desember 2024 dan                          Bank only as of 31 December 2024 and 2023 were
     Hasil aset program                                                                                                                         Result of plan assets            2023 didasarkan atas estimasi perhitungan aktuaria                         based on estimated actuarial calculation for the year
        (tidak termasuk pendapatan bunga)             (46.792)            14.855                 (15.847)                 (8.153)        (exclude interest income)
                                                                                                                                                                                 untuk tahun yang berakhir pada tanggal 31 Desember                         ended 31 December 2024, that listed in the report from
     Nilai wajar aset program pada                                                                                                            Ending fair value plan             2024 yang tercantum pada laporan dari Kantor                               the Enny Diah Awal Actuary Consultant Firm dated
        akhir tahun                                 1.295.271        1.404.869                   583.862                 586.699                           assets
                                                                                                                                                                                 Konsultan Aktuaria Enny Diah Awal tanggal                                  29 December 2024 using the Projected Unit Credit
                                                                                                                                                                                 29 Desember 2024 dengan metode Projected Unit                              method.
                                                                                                                                                                                 Credit.


PT BANK MANDIRI (PERSERO) TBK                                    1608            329                                                                                                                                                               1609
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Page 527
        FINANCIAL STATEMENTS 2024


                                         PT BANK MANDIRI (PERSERO) Tbk.
                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                             PT BANK MANDIRI (PERSERO) Tbk.
                                                                                                                                                                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS            CATATAN ATAS LAPORAN KEUANGAN                                                                                   NOTES TO THE CONSOLIDATED
31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023           KONSOLIDASIAN                                                                                                          FINANCIAL STATEMENTS
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)    31 DESEMBER 2024 DAN 2023                                                                                          31 DECEMBER 2024 AND 2023
                                                                                                                                   (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                 (Expressed in millions of Rupiah, unless otherwise stated)

51. DANA PENSIUN DAN PESANGON (lanjutan)                        51. PENSION PLAN AND SEVERANCE PAY (continued)                     53. PENDAPATAN/(BEBAN) BUKAN OPERASIONAL -                                            53. NON-OPERATING (EXPENSE)/INCOME - NET
                                                                                                                                       NETO
     Penyisihan atas tunjangan masa kerja pegawai pada                 Provision for employee service entitlements of
     tanggal 31 Desember 2024 Entitas Anak telah                       Subsidiaries as of 31 December 2024 were calculated                                                                                   2024                        2023
     dihitung oleh aktuaria independen sebagaimana                     by an independent actuary as included in the
     tercantum dalam laporan aktuaria independen                       independent actuarial report as follows:
     sebagai berikut:                                                                                                                  Laba atas penjualan aset tetap                                               2.835                        8.624                   Gain on sale of fixed assets
                                                                                                                                       Lain-lain - neto                                                           341.056                       34.694                                   Others - net
              Nama Entitas Anak/                              Aktuaria independen/                                                     Neto                                                                       343.891                       43.318                                              Net
             Name of Subsidiaries                             Independent actuary                                2024

                                               Kantor Konsultan Aktuaria Steven & Mourits/                         13 Januari/
     PT Bank Syariah Indonesia Tbk.             Steven & Mourits Actuarial Consultant Office                     January 2025      54. KOMITMEN DAN KONTINJENSI                                                          54. COMMITMENTS AND CONTINGENCIES
                                               Kantor Konsultan Aktuaria Steven & Mourits/                         15 Januari/
     PT Mandiri Sekuritas                       Steven & Mourits Actuarial Consultant Office                     January 2025          Akun-akun di bawah ini merupakan akun yang dicatat                                      The following accounts represent accounts which are
                                                                                                                                       di laporan posisi keuangan konsolidasian ekstra-                                        recorded on off-balance sheet:
                                               Kantor Konsultan Aktuaria Nandi dan Sutama/                         10 Januari/         komtabel (off balance sheet):
     PT Bank Mandiri Taspen                     Nandi and Sutama Actuarial Consultant Office                     January 2025
                                               Kantor Konsultan Aktuaria Steven & Mourits/                          2 Januari/                                                                               2024                        2023
     PT Mandiri Tunas Finance                   Steven & Mourits Actuarial Consultant Office                     January 2025          KOMITMEN                                                                                                                                    COMMITMENTS
                                               Kantor Konsultan Aktuaria Steven & Mourits/                          6 Januari/         Liabilitas komitmen:                                                                                                                    Commitment payables:
     PT AXA Mandiri Financial Services          Steven & Mourits Actuarial Consultant Office                     January 2025            Fasilitas kredit yang diberikan
                                                                                                                                            yang belum digunakan*)                                                                                                         Unused loan facilities*)
                                               Kantor Konsultan Aktuaria Bambang Sudrajad/                     31 Desember/                 Pihak berelasi (Catatan 56)                                    (107.740.421)               (82.892.633)                   Related parties (Note 56)
     PT Mandiri Utama Finance                   Bambang Sudrajad Actuarial Consultant Office                  December 2024                 Pihak ketiga                                                   (159.489.452)              (133.451.445)                                Third parties
     Sensitivitas dari kewajiban imbalan pasti terhadap                The sensitivity of the defined benefit obligation to                                                                                (267.229.873)              (216.344.078)
     perubahan asumsi aktuaria adalah sebagai berikut                  changes in actuarial assumptions are as follows
     (Bank Mandiri saja):                                              (Bank Mandiri only):                                                 Letter of credit yang tidak dapat
                                                                                                                                              dibatalkan yang masih                                                                                                        Outstanding irrevocable
                                                     2024                     2023                                                            berjalan (Catatan 31):                                                                                                   letter of credit (Note 31):
                                                                                                                                              Pihak berelasi (Catatan 56)                                    (9.905.951)                 (8.039.096)                  Related parties (Note 56)
     Perubahan asumsi:                                                                                Changes of assumptions:                 Pihak ketiga                                                  (12.533.712)                (12.842.876)                                Third parties
       Kenaikan 1% tingkat diskonto                   (2.073.001)             (1.934.239)        1% increase in discount rate
       Penurunan 1% tingkat diskonto                   2.362.524               2.215.459        1% decrease in discount rate                                                                                (22.439.663)                (20.881.972)
                                                     2024                     2023                                                     Liabilitas komitmen - neto                                          (289.669.536)              (237.226.050)                   Commitment payables - net
     Perubahan asumsi:                                                                               Changes of assumptions:
       Kenaikan 1% tingkat gaji                        2.560.365               2.071.853           1% increase in salary rate          KONTINJENSI                                                                                                                               CONTINGENCIES
       Penurunan 1% tingkat gaji                      (1.967.225)             (2.001.935)         1% decrease in salary rate           Tagihan kontinjensi:                                                                                                                 Contingent receivables:
                                                                                                                                         Garansi yang diterima dari                                                                                                     Guarantees received from
                                                                                                                                           bank lain                                                          50.383.762                 29.226.582                                 other banks
52. BEBAN OPERASIONAL LAINNYA - LAIN-LAIN -                     52. OTHER OPERATING EXPENSES - OTHERS - NET                              Pendapatan bunga dalam                                                                                                             Interest receivable on
    NETO                                                                                                                                   penyelesaian                                                       10.912.104                 10.576.751                      non-performing assets
                                                                                                                                         Lain-lain                                                                34.411                     34.338                                         Others
                                                     2024                     2023
                                                                                                                                                                                                              61.330.277                 39.837.671
     Premi asuransi untuk program                                                            Insurance premiums on third party
       penjaminan dana nasabah                         3.301.573               2.878.304           funds guarantee program             Liabilitas kontinjensi:                                                                                                    Contingent payables:
                                                                                                                                         Garansi yang diberikan dalam bentuk:                                                                      Guarantees issued in the form of:
     Beban provisi dan komisi                          1.222.846               1.091.973      Fees and commissions expenses              Bank garansi (Catatan 31):                                                                                       Bank guarantees (Note 31):
     Beban terkait dengan transaksi                                                              Fees related to credit card and            Pihak berelasi (Catatan 56)                                     (37.567.187)                (38.002.449)      Related parties (Note 56)
       ATM dan kartu kredit                              954.291                 773.748                     ATM transaction                Pihak ketiga                                                   (100.990.316)                (76.598.004)                   Third parties
     Iuran regulator                                   1.087.973                 958.286                           Regulator fee
     Kompensasi tenaga pemasaran                                                                Insurance marketing personnel                                                                              (138.557.503)              (114.600.453)
       asuransi                                            147.776               304.118                        compensation
                                                                                                                                            Standby letter of credit (Catatan 31)                                                                             Standby letter of credit (Note 31)
     Fee bancassurance                                     120.472               145.369                    Bancassurance fee                 Pihak berelasi (Catatan 56)                                     (5.281.006)                 (6.810.499)             Related parties (Note 56)
     Komisi asuransi kelompok                               99.868                68.423          Group insurance commisions                  Pihak ketiga                                                    (7.027.683)                 (7.948.783)                            Third parties
     Beban transaksi RTGS, remittance                                                         Fees from RTGS, remittance and
        dan kliring                                         76.964                57.392                clearing transactions                                                                               (12.308.689)                (14.759.282)
     Beban keanggotaan                                      65.249                57.411                        Membership fee
     Kerugian penurunan                                                                           The loss from the impairment              Lain-lain                                                         (4.072.541)                 (3.268.517)                                           Others
        nilai aset ijarah                                      -                  13.389                         ijarah assets         Total                                                               (154.938.733)              (132.628.252)                                                Total
     Lain-lain                                         1.023.038                 363.095                                  Others
                                                                                                                                       Liabilitas kontinjensi - neto                                        (93.608.456)                (92.790.581)                     Contingent payables - net
                                                       8.100.050               6.711.508
                                                                                                                                                                                                           (383.277.992)              (330.016.631)
     Lain-lain terutama terdiri dari beban transaksi                   Others mainly consist of securities trading transaction
     perdagangan efek dan beban administrasi bank.                     expenses and bank administration expenses.                      *)   Termasuk fasilitas kredit committed dan uncommitted yang belum digunakan.          *)   Include unused committed and uncommitted loans facilities




PT BANK MANDIRI (PERSERO) TBK                        1610            331                                                                                                                                                1611                                                     ANNUAL REPORT 2024
                                                                                                                                                                                                                            332
Page 528
          FINANCIAL STATEMENTS 2024


                                                                                                                                                                                                            PT BANK MANDIRI (PERSERO) Tbk.
                                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                                             DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
                                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
                                                                                                                                                              CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
CATATAN ATAS LAPORAN KEUANGAN                                                                                    NOTES TO THE CONSOLIDATED                    KONSOLIDASIAN                                                                                             FINANCIAL STATEMENTS
KONSOLIDASIAN                                                                                                           FINANCIAL STATEMENTS                  31 DESEMBER 2024 DAN 2023                                                                             31 DECEMBER 2024 AND 2023
31 DESEMBER 2024 DAN 2023                                                                                           31 DECEMBER 2024 AND 2023                 (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                    (Expressed in millions of Rupiah, unless otherwise stated)
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                  (Expressed in millions of Rupiah, unless otherwise stated)

                                                                                                                                                              56. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                                56. RELATED PARTY TRANSACTIONS (continued)
55. TRANSAKSI-TRANSAKSI MATA UANG ASING                                                55. FOREIGN CURRENCY TRANSACTIONS
                                                                                                                                                                  (lanjutan)
     Nilai wajar dari transaksi berjangka dan swap                                          The fair value of forward and cross currency swap
     pertukaran mata uang asing disajikan dalam laporan                                     transactions       are    presented   as     derivative               Dalam rangka menjalankan bisnis normalnya, Bank                           In the normal course of business, Bank Mandiri entered
     posisi      keuangan           konsolidasian sebagai                                   receivables/payables in the consolidated statement of                 Mandiri memiliki transaksi usaha yang signifikan                          into certain significant transactions with the following
     tagihan/liabilitas derivatif (Catatan 11).                                             financial position (Note 11).                                         dengan pihak-pihak berelasi sebagai berikut                               related parties (continued):
                                                                                                                                                                  (lanjutan):
     Rincian transaksi pembelian dan penjualan tunai spot                                   Details of the outstanding buy and sell foreign currency
     mata uang asing (Bank Mandiri saja, tidak terdapat                                     spot transactions (Bank Mandiri only, there are no spot
                                                                                                                                                                  • Hubungan pihak berelasi sebagai pemegang                                • Related party relationship as the controlling
     transaksi spot pada Entitas Anak) pada tanggal                                         transactions in Subsidiaries) as of 31 December 2024
     31 Desember 2024 dan 2023 adalah sebagai berikut:                                      and 2023 are as follows:                                                saham utama(lanjutan):                                                    shareholder (continued):

                                                                                   2024                                                                             Sifat dari transaksi lain antara lain adalah efek-efek,                    Nature of other transactions are marketable
                                                         Spot - Beli/Spot - Buy            Spot - Jual/Spot - Sell                                                  obligasi pemerintah, kredit yang diberikan dan                             securities, government bonds, loans and sharia
                                                                                                                                                                    piutang/pembiayaan syariah, simpanan nasabah,                              receivables/ financing, deposits from customers,
                                                       Mata uang
                                                           asal                       Mata uang asal                                                                pinjamanan yang diterima dan fasilitas kredit yang                         fund borrowings and unused loan facilities.
                                                     (nilai penuh)/     Setara         (nilai penuh)/         Setara                                                diberikan yang belum digunakan.
                                                        Original       Rupiah/            Original           Rupiah/
                                                       currency        Rupiah            currency            Rupiah
     Mata uang asal                                  (full amount)    equivalent       (full amount)        equivalent                 Original currency          • Hubungan     pihak    berelasi oleh                    karena           • Related parties relationship by ownership and/or
                                                                                                                                                                    kepemilikan dan/atau kepengurusan:                                        management:
     Dolar Amerika Serikat                             203.626.162        3.277.363       274.513.807            4.418.300             United States Dollar
     Lain-lain*)                                                            236.220                                909.569                         Others*)
                                                                                                                                                                      No.       Pihak berelasi/Related parties       No.        Pihak berelasi/Related parties     No.      Pihak berelasi/Related parties
                                                                          3.513.583                              5.327.869                                           a. Bank Mandiri sebagai pendiri/Bank Mandiri as a founder
                                                                                                                                                                        1     Dana Pensiun Bank Mandiri               3      Dana Pensiun Bank Mandiri Dua         5      Dana Pensiun Bank Mandiri Empat
                                                                                                                                                                        2     Dana Pensiun Bank Mandiri Satu          4      Dana Pensiun Bank Mandiri Tiga
                                                                                   2023

                                                         Spot - Beli/Spot - Buy            Spot - Jual/Spot - Sell                                                   b. Dikendalikan oleh Dana Pensiun Bank Mandiri (sejak tanggal 19 Desember 2013)/Controlled by Dana Pensiun Bank Mandiri (since
                                                                                                                                                                        19 December 2013)
                                                       Mata uang                                                                                                        6      PT Bumi Daya Plaza                     7      PT Pengelola Investama Mandiri         8     PT Usaha Gedung Mandiri
                                                           asal                       Mata uang asal
                                                     (nilai penuh)/     Setara         (nilai penuh)/         Setara
                                                                                                                                                                     c. Dikendalikan oleh Dana Pensiun Bank Mandiri Satu/Controlled by Dana Pensiun Bank Mandiri Satu
                                                        Original       Rupiah/            Original           Rupiah/
                                                                                                                                                                        9      PT Estika Daya Mandiri
                                                       currency        Rupiah            currency            Rupiah
     Mata uang asal                                  (full amount)    equivalent       (full amount)        equivalent                 Original currency
                                                                                                                                                                     d. Dikendalikan oleh Dana Pensiun Bank Mandiri Dua/Controlled by Dana Pensiun Bank Mandiri Dua
     Dolar Amerika Serikat                             187.499.271        2.886.926       146.507.666            2.255.779             United States Dollar           10       PT Asuransi Staco Mandiri
     Lain-lain*)                                                             83.065                                196.243                         Others*)                       (sebelumnya PT Asuransi Staco
                                                                                                                                                                                  Jasapratama)
                                                                          2.969.991                              2.452.022
                                                                                                                                                                     e. Dikendalikan oleh Dana Pensiun Bank Mandiri Tiga/Controlled by Dana Pensiun Bank Mandiri Tiga
     *)
            Terdiri dari berbagai mata uang asing.                                          *)    Consist of various currencies                                        11      PT Mulia Sasmita Bhakti

                                                                                                                                                                     f. Dikendalikan oleh Dana Pensiun Bank Mandiri Empat/Controlled by Dana Pensiun Bank Mandiri Empat
                                                                                                                                                                       12      PT Krida Upaya Tunggal                13    PT Wahana Optima Permai
56. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                                              56. RELATED PARTY TRANSACTIONS
                                                                                                                                                                     g. Dipengaruhi secara signifikan oleh Bank Mandiri/Significantly influenced by Bank Mandiri
     Dalam rangka menjalankan bisnis normalnya, Bank                                        In the normal course of business, Bank Mandiri and                        14      Koperasi Kesehatan Pegawai dan
     Mandiri dan Entitas Anak memiliki transaksi usaha                                      Subsidiaries    entered      into    certain    significant                          Pensiunan Bank Mandiri
     yang signifikan dengan pihak-pihak berelasi sebagai                                    transactions with the following related parties:                                     (Mandiri Healthcare)
     berikut:
                                                                                                                                                                     Sifat dari transaksi dengan pihak-pihak berelasi                         Nature of related party transaction consists of
     • Hubungan pihak berelasi sebagai pemegang                                             • Related party relationship as the controlling                          antara lain adalah penyertaan saham, kredit yang                         investment     in   shares,   loans    and    sharia
       saham utama:                                                                           shareholder:                                                           diberikan     dan   piutang/pembiayaan     syariah,                      receivables/financing, customer deposits, bank
                                                                                                                                                                     simpanan nasabah, bank garansi, efek-efek yang                           guarantees, debt securities issued, fund borrowings
          Pemerintah              Republik              Indonesia        melalui                 The Government of Republic of Indonesia through
                                                                                                                                                                     diterbitkan, pinjaman dan efek-efek subordinasi.                         and subordinated loans.
          Kementerian.                                                                           the Ministry.




PT BANK MANDIRI (PERSERO) TBK                                              1612                                                                                                                                                     161334                                       ANNUAL REPORT 2024
                                                                                          333
Page 529
        FINANCIAL STATEMENTS 2024


                                               PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                   PT BANK MANDIRI (PERSERO) Tbk.
                                          DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                         DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                        NOTES TO THE CONSOLIDATED                  CATATAN ATAS LAPORAN KEUANGAN                                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                               FINANCIAL STATEMENTS                KONSOLIDASIAN                                                                                              FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                               31 DECEMBER 2024 AND 2023               31 DESEMBER 2024 DAN 2023                                                                              31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                      (Expressed in millions of Rupiah, unless otherwise stated)        (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                     (Expressed in millions of Rupiah, unless otherwise stated)

56. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                                56. RELATED PARTY TRANSACTIONS (continued)                             56. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                                  56. RELATED PARTY TRANSACTIONS (continued)
    (lanjutan)                                                                                                                                      (lanjutan)

                                                                                                                                                    Dalam rangka menjalankan bisnis normalnya, Bank                             In the normal course of business, Bank Mandiri entered
     Dalam rangka menjalankan bisnis normalnya, Bank                            In the normal course of business, Bank Mandiri entered              Mandiri memiliki transaksi usaha yang signifikan                            into certain significant transactions with the following
     Mandiri memiliki transaksi usaha yang signifikan                           into certain significant transactions with the following            dengan pihak-pihak berelasi sebagai berikut                                 related parties (continued):
     dengan pihak-pihak berelasi sebagai berikut                                related parties (continued):                                        (lanjutan):
     (lanjutan):
                                                                                                                                                    • Hubungan pihak berelasi                      dengan     entitas           • Related parties relationship with government
     • Hubungan pihak              berelasi      dengan     entitas             • Related parties relationship with government                        Pemerintah (lanjutan):                                                      related entities (continued):
       Pemerintah:                                                                related entities:
                                                                                                                                                        No.         Pihak berelasi/Related parties     No.      Pihak berelasi/Related parties       No.      Pihak berelasi/Related parties
                                                                                                                                                       a. Entitas Anak dari BUMN/Subsidiary of State Owned Enterprise (lanjutan/continued)
        No.         Pihak berelasi/Related parties     No.      Pihak berelasi/Related parties      No.       Pihak berelasi/Related parties            169       PT Hutama Marga Waskita              218    PT Jasamarga Kualanamu Tol             267    PT Krakatau Bandar Samudra
       a. Entitas Anak dari BUMN/Subsidiary of State Owned Enterprise                                                                                                                                         PT Jasamarga Kunciran
                                                                                                                                                        170       PT IAS Support Indonesia             219                                           268    PT Krakatau Engineering
          1       EPC Energy Singapore Pte Ltd         57     PT Bangkit Bahtera Laju Abadi         113     PT Dahana                                                                                            Cengkareng
                                                                                                                                                                                                                                                            PT Krakatau Global Trading
          2       Indometal London Ltd                 58     PT Bangun Persada Jambi Energi        114     PT Damanusa Bahtera Laju Abadi             171      PT Indo Ridlatama Power                 220      PT Jasamarga Manado Bitung          269      (sebelumnya PT Krakatau
                  KSO Hutama – Wika – Adipatria                                                                                                                                                                                                               National Resources)
          3                                            59     PT Bank Hibank Indonesia              115     PT Damar Bahtera Laju Abadi
                     (Irigasi Kapuas)                                                                                                                                                                            PT Jasamarga Ngawi Kertosono               PT Krakatau Information
                                                              PT Bank Perkreditan Rakyat DP                                                            172      PT Indofarma Global Medika              221                                          270
          4       Maurel & Prom                        60                                           116     PT Danareksa Capital                                                                                    Kediri                                    Technology
                                                                 Taspen (BPR Taspen)                                                                                                                                                                        PT Krakatau Jasa Industri
                                                              PT Bank Raya Indonesia                                                                                                                             PT Jasamarga Probolinggo
                                                                                                                                                       173      PT Indofarma Tbk                        222                                          271      (sebelumnya PT Purna Sentana
          5       PHE ONWJ LLC                         61        (sebelumnya PT BRI Agroniaga       117     PT Danareksa Finance                                                                                    Banyuwangi
                                                                                                                                                                                                                                                              Baja)
                                                                 Tbk)                                                                                           PT Indonesia Asahan Aluminium
                                                                                                                                                       174                                              223      PT Jasamarga Related Business       272    PT Krakatau Jasa Logistik
          6       PHE OSES Ltd                         62     PT Banyan Koalindo Lestari            118     PT Dasaplast Nusantara                                 (Persero)
          7       PT Abipraya Nusantara Energi         63     PT Barung Bahtera Laju Abadi          119     PT Dayamitra Telekomunikasi                175      PT Indonesia Chemical Alumina           224      PT Jasamarga Semarang Batang        273    PT Krakatau Medika
          8       PT Adhi Commuter Properti            64     PT Batubara Bukit Kendi               120     PT Dharma Lautan Nusantara                 176      PT Indonesia Coal Resources             225      PT Jasamarga Solo Ngawi             274    PT Krakatau Niaga Indonesia
          9       PT Adhi Persada Beton                65     PT Baturaja Multi Usaha               121     PT Dirgantara Indonesia                                                                                                                         PT Krakatau Perbengkelan dan
                                                                                                                                                       177      PT Indonesia Comnets Plus               226      PT Jasamarga Surabaya Mojokerto     275
         10       PT Adhi Persada Gedung               66     PT Belitung Intipermai                122     PT Dok dan Perkapalan Air Kantung                                                                                                                 Perawatan
         11       PT Adhi Persada Properti             67     PT Benggala Bahtera Laju Abadi        123     PT Dok dan Perkapalan Waiame                                                                         PT Jasamarga Tollroad                      PT Krakatau Pipe Industries
                                                                                                                                                       178      PT Indonesia Ferry Property             227                                          276
         12       PT Administrasi Medika               68     PT Bepondi Bahtera Laju Abadi         124     PT Dwimitra Enggang Khatulistiwa                                                                        Maintenance                               (sebelumnya KHI Pipe Industries)
                                                                                                                                                                PT Indonesia Kendaraan Terminal
                                                                                                            PT Electronic Data Interchange             179                                              228      PT Jasamarga Tollroad Operator      277    PT Krakatau Sarana Infrastruktur
         13     PT Aero Globe Indonesia               69       PT Berdikari                         125                                                            Tbk
                                                                                                               Indonesia                                        PT Indonesia Papua Metal dan
         14     PT Aero Systems Indonesia             70       PT Berdikari Logistik Indonesia      126     PT Elnusa Fabrikasi Konstruksi             180                                              229      PT Jasamarga Transjawa Tol          278    PT Krakatau Tirta Industri
                                                                                                                                                                   Mineral
         15     PT Aero Wisata                        71       PT Berdikari United Livestock        127     PT Elnusa Geosains Indonesia               181      PT Indonesian Air & Marine Supply       230      PT Jasaraharja Putera               279    PT Lamong Energi Indonesia
         16     PT Aerofood Indonesia                 72       PT Berkah Multi Cargo                128     PT Elnusa Oilfield Services                182      PT Indopelita Aircraft Service          231      PT Jawa Satu Power                  280    PT Lamong Nusantara Gas
         17     PT Aerojasa Cargo                     73       PT Berlian Jasa Terminal Indonesia   129     PT Elnusa Petrofin                         183      PT Industri Karet Nusantara             232      PT Jembatan Nusantara               281    PT Lancarjaya Mandiri Abadi
         18     PT Aerotrans Service Indonesia        74       PT BGR Logistik Indonesia            130     PT Elnusa Tbk                              184      PT Industri Kemasan Semen Gresik        233      PT KA Logistik                      282    PT Laras Astra Kartika
         19     PT Agro Sinergi Nusantara             75       PT Bhirawa Steel                     131     PT Elnusa Trans Samudera                   185      PT Industri Nabati Lestari              234      PT KA Pariwisata                    283    PT LEN Railway Systems
         20     PT Akses Pelabuhan Indonesia          76       PT Bima Sepaja Abadi                 132     PT Eltran Indonesia                                 PT Industri Nuklir Indonesia
                                                                                                                                                       186                                              235      PT KA Properti Manajemen            284    PT LEN Rekaprima Semesta
         21     PT Alam Lestari Nusantara             77       PT BNI Asset Management              133     PT Emas Antam Indonesia                                (Persero)
                                                               PT BNI Life (sebelumnya PT BNI                                                          187      PT Infomedia Nusantara                  236      PT Kalimantan Jawa Gas              285    PT LEN Telekomunikasi Indonesia
         22     PT Alor Bahtera Laju Abadi            78                                            134     PT Energi Agro Nusantara                   188      PT Infomedia Solusi Humanika            237      PT Kalimantan Medika Nusantara      286    PT Limbong Hidro Energi
                                                                  Life Insurance)
         23     PT Alur Pelayaran Barat Surabaya      79       PT BNI Sekuritas                     135     PT Energi Biomasa Indonesia                         PT Infrastruktur Telekomunikasi
                                                                                                                                                       189                                              238      PT Kaltim Adhiguna Dermaga          287    PT Liran Bahtera Laju Abadi
         24     PT Aneka Tambang Tbk                  80       PT BNI Ventures                      136     PT Energi Pelabuhan Indonesia                          Indonesia
         25     PT Angkasa Pura Aviasi                81       PT Borneo Alumina Indonesia          137     PT Energy Management Indonesia             190      PT Inhutani I                           239      PT Kaltim Daya Mandiri              288    PT Mahakarya Abadi Prima
         26     PT Angkasa Pura Hotel                 82       PT Borneo Edo International          138     PT Equiport Inti Indonesia                 191      PT Inhutani V                           240      PT Kaltim Industrial Estate         289    PT Makassar Coastal City
                                                                                                                                                                                                                                                            PT Mandau Cipta Tenaga
         27     PT Angkasa Pura Indonesia             83       PT Brantas Adya Surya Energi         139     PT Farmalab Indoutama                      192      PT Inka Multi Solusi                    241      PT Kaltim Jasa Sekuriti             290
                                                                                                                                                                                                                                                              Nusantara
         28     PT Angkasa Pura Kargo                 84       PT Brantas Cakrawala Energi          140     PT Feni Haltim                             193      PT Inka Multi Solusi Trading            242      PT Kaltim Kariangau Terminal        291    PT Marga Sarana Jabar
         29     PT Angkasa Pura Logistic              85       PT Brantas Energi                    141     PT Finnet Indonesia                        194      PT Integrasi Aviasi Solusi              243      PT Kawasan Berikat Nusantara        292    PT Marga Trans Nusantara
         30     PT Angkasa Pura Properti              86       PT Brantas Energi Mandiri            142     PT Gadang Hidro Energi                     195      PT Integrasi Logistik Cipta Solusi      244      PT Kawasan Industri Gresik          293    PT Mega Citra Utama
         31     PT Angkasa Pura Propertindo           87       PT Brantas Hidro Energi              143     PT Gag Nikel                                                                                         PT Kawasan Industri Kujang
         32     PT Angkasa Pura Retail                88       PT Brantas Mahalona Energi           144     PT Gagas Energi Indonesia                  196      PT International Mineral Capital        245                                          294    PT Melon Indonesia
                                                                                                                                                                                                                    Cikampek
         33     PT Angkasa Pura Sarana Digital        89       PT Brantas Nipajaya Energi           145     PT Gapura Angkasa                          197      PT Inti Bagas Perkasa                   246      PT Kawasan Industri Makassar        295    PT Menara Maritim Indonesia
         34     PT Angkasa Pura Solusi                90       PT Brantas Prospek Energi            146     PT Garam                                   198      PT IPC Terminal Petikemas               247      PT Kawasan Industri Medan           296    PT Meratus Jaya Iron & Steel
                                                                                                            PT Garuda Maintenance Facility                                                                       PT Kawasan Industri Terpadu
         35     PT Angkasa Pura Solusi Integra        91       PT Brantas Prospek Enjineering       147                                                199      PT ITCI Kayan Hutani                    248                                          297    PT Merese Mandalika Nusantara
                                                                                                               Aero Asia Tbk                                                                                        Batang
         36     PT Angkasa Pura Support               92       PT Brass Bahtera Laju Abadi          148     PT Gema Hutani Lestari                     200      PT ITDC Nusantara Properti              249      PT Kawasan Industri Wijayakusuma    298    PT Metra Digital Investama
         37     PT Antam Resourcindo                  93       PT BRI Multifinance Indonesia        149     PT Geo Dipa Energi                         201      PT ITDC Nusantara Utilitas              250      PT Trans Optima Luhur               299    PT Metra Digital Media
         38     PT Ararkula Bahtera Laju Abadi        94       PT Bromo Steel Indonesia             150     PT GIEB Indonesia                          202      PT ITDC Nusantara Xplorin               251      PT KBN Prima Logistik               300    PT Metranet
         39     PT Artha Daya Coalindo                95       PT Bukit Asam Medika                 151     PT GIH Indonesia                           203      PT Jalantol Lingkarluar Jakarta         252      PT Kereta Commuter Indonesia        301    PT Metraplasa
         40     PT Aru Bahtera Laju Abadi             96       PT Bukit Asam Prima                  152     PT Gitanusa Sarana Niaga                   204      PT Jalin Pembayaran Nusantara           253      PT Kertas Padalarang                302    PT MGPA Nusantara Jaya
                                                                                                                                                                                                                 PT Kharisma Pemasaran Bersama
         41     PT Askrindo Mitra Utama               97       PT Bukit Asam Tbk                    153     PT Graha Investama Bersama                 205      PT Jambi Prima Coal                     254                                          303    PT Miangas Bahtera Laju Abadi
                                                                                                                                                                                                                    Nusantara
         42     PT Asuransi BRI Life                  98       PT Bukit Energi Investama            154     PT Graha Sarana Duta                       206      PT Jaminan Kredit Indonesia             255      PT Kilang Pertamina Balikpapan      304    PT Minahasa Brantas Energi
         43     PT Asuransi Jasa Indonesia            99       PT Bukit Energi Service Terpadu      155     PT Graha Yasa Selaras                      207      PT Jasa Armada Indonesia Tbk            256      PT Kilang Pertamina International   305    PT Mirtasari Hotel Development
         44     PT Asuransi Jasindo Syariah           100      PT Bukit Multi Investama             156     PT Grahaniaga Tata Utama                            PT Jasa Peralatan Pelabuhan
         45     PT Asuransi Jiwa IFG                  101      PT Bukit Multi Properti              157     PT Griyaton Indonesia                      208                                              257      PT Kimia Farma Apotek               306    PT Mitra Cipta Polasarana
                                                                                                                                                                   Indonesia
         46     PT Asuransi Jiwa Taspen               102      PT Bukit Prima Bahari                158     PT Gunung Gajah Abadi                      209      PT Jasa Prima Logistik                  258      PT Kimia Farma Diagnostik           307    PT Mitra Dagang Madani
         47     PT Asuransi Kredit Indonesia          103      PT Bumi Sawindo Permai               159     PT Gunung Kendaik                                                                                    PT Kimia Farma Sungwun
                PT Asuransi Tugu Pratama                                                                                                               210      PT Jasa Raharja                         259                                          308    PT Mitra Karya Prima
                                                                                                                                                                                                                    Pharmacopia
         48                                           104      PT Cibaliung Sumber Daya             160     PT HaKaAston
                  Indonesia Tbk                                                                                                                        211      PT Jasa Tirta Luhur                     260      PT Kimia Farma Tbk                  309    PT Mitra Kerinci
                                                               PT Cibitung Tanjung Priok Port                                                                   PT Jasamarga Akses Patimban                      PT Kimia Farma Trading dan
         49     PT Bahana Artha Ventura               105                                           161     PT Haleyora Power                          212                                              261                                          310    PT Mitra Proteksi Madani
                                                                  Tollways                                                                                                                                          Distribution
         50     PT Bahana Securities                  106      PT Cinere Serpong Jaya               162     PT Haleyora Powerindo                      213      PT Jasamarga Bali Tol                   262      PT Kliring Berjangka Indonesia      311    PT Mitra Rajawali Banjaran
                PT Bahana TCW Investment                                                                                                                        PT Jasamarga Balikpapan                          PT Kliring Perdagangan Berjangka
         51                                           107      PT Citilink Indonesia                163     PT Hasta Kreasi Mandiri                    214                                              263                                          312    PT Mitra Tekno Madani
                  Management                                                                                                                                       Samarinda                                        Indonesia
         52     PT Bakti Timah Medika                 108      PT Citra Lautan Teduh                164     PT HK Infrastruktur                        215      PT Jasamarga Gempol Pasuruan            264      PT Kodja Terramarin                 313    PT Mitra Tour & Travel
                                                                                                                                                       216      PT Jasamarga Japek Selatan              265      PT Krakatau Baja Industri           314    PT Mitrasraya Adhijasa
                PT Balai Lelang Artha Gasia (Beku
         53                                           109      PT Citra Tobindo Sukses Perkasa      165     PT HK Realtindo                                                                                      PT Krakatau Baja Konstruksi
                  Operasi)                                                                                                                             217      PT Jasamarga Jogja Bawen                266         (sebelumnya PT Krakatau          315    PT Mitratani Dua Tujuh
         54     PT Balai Pustaka                      110      PT Cogindo Daya Bersama              166     PT Hotel Indonesia Group                                                                                Wijatama)
         55     PT Banggai Bahtera Laju Abadi         111      PT Collega Inti Pratama              167     PT Hotel Indonesia Natour
         56     PT Lintas Marga Jawa                  112      PT Cut Meutia Medika Nusantara       168     PT Hotel Indonesia Properti




PT BANK MANDIRI (PERSERO) TBK                                1614             335                                                                                                                                       1615
                                                                                                                                                                                                                           336                                      ANNUAL REPORT 2024
Page 530
        FINANCIAL STATEMENTS 2024


                                                  PT BANK MANDIRI (PERSERO) Tbk.                                                                                                            PT BANK MANDIRI (PERSERO) Tbk.
                                             DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                  DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE CONSOLIDATED                   CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                            FINANCIAL STATEMENTS                 KONSOLIDASIAN                                                                                           FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                            31 DECEMBER 2024 AND 2023                31 DESEMBER 2024 DAN 2023                                                                           31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                   (Expressed in millions of Rupiah, unless otherwise stated)         (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                  (Expressed in millions of Rupiah, unless otherwise stated)


56. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                               56. RELATED PARTY TRANSACTIONS (continued)                            56. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                              56. RELATED PARTY TRANSACTIONS (continued)
    (lanjutan)                                                                                                                                    (lanjutan)
     Dalam rangka menjalankan bisnis normalnya, Bank                          In the normal course of business, Bank Mandiri entered
     Mandiri memiliki transaksi usaha yang signifikan                         into certain significant transactions with the following            Dalam rangka menjalankan bisnis normalnya, Bank                          In the normal course of business, Bank Mandiri entered
     dengan pihak-pihak berelasi sebagai berikut                              related parties (continued):                                        Mandiri memiliki transaksi usaha yang signifikan                         into certain significant transactions with the following
     (lanjutan):                                                                                                                                  dengan pihak-pihak berelasi sebagai berikut                              related parties (continued):
                                                                                                                                                  (lanjutan):
     • Hubungan pihak berelasi                  dengan      entitas           • Related parties relationship with government
       Pemerintah (lanjutan):                                                   related entities (continued):
                                                                                                                                                  • Hubungan pihak berelasi                   dengan     entitas           • Related parties relationship with government
        No.         Pihak berelasi/Related parties     No.      Pihak berelasi/Related parties       No.     Pihak berelasi/Related parties         Pemerintah (lanjutan):                                                   related entities (continued):
       a. Entitas Anak dari BUMN/Subsidiary of State Owned Enterprise (lanjutan/continued)
                                                              PT Pelita Indonesia Djaya
        316       PT Multi Terminal Indonesia          361                                           406   PT Pertamina Lubricants
                                                                  Corporation                                                                         No.         Pihak berelasi/Related parties     No.      Pihak berelasi/Related parties    No.      Pihak berelasi/Related parties
                                                                                                           PT Pertamina Maintenance and              a. Entitas Anak dari BUMN/Subsidiary of State Owned Enterprise (lanjutan/continued)
        317     PT Multimedia Nusantara               362      PT Pemalang Batang Toll Road          407     Construction (Sebelumnya PT                        PT PLN Nusantara Power Services
                                                                                                             Badak Arun Solusi)                       451                                            500    PT Reasuransi Syariah Indonesia     548    PT Semen Indonesia International
                                                                                                                                                                   (sebelumnya PT PJB Service)
                                                               PT Pembangkit Jawa Baskara                                                                       PT PLN Nusantara Renewables
        318     PT Nasional Hijau Lestari             363                                            408   PT Pertamina Malaysia EP                   452                                            501    PT Recon Sarana Utama               549    PT Semen Indonesia Logistik
                                                                  Investasi Cirata                                                                                 (sebelumnya PT PJB Investasi)
        319     PT Nikel Halmahera Timur (NHT)        364      PT Pembangkitan Jawa Bali             409   PT Pertamina Marine Engineering
                                                                                                                                                      453       PT PLNBB Niaga                       502    PT Rekaindo Global Jasa             550    PT Semen Kupang Indonesia
        320     PT Nindya Beton                       365      PT Pendawa Lestari Perkasa            410   PT Pertamina Marine Solution
                                                                                                                                                      454       PT PNM Investment Management         503    PT Rekayasa Cakrawala Resources     551    PT Semen Padang
                                                               PT Pendidikan Maritim dan Logistik
        321     PT Nindya Karya                       366                                            411   PT Pertamina Patra Niaga                   455       PT Pos Logistik Indonesia            504    PT Rekayasa Engineering             552    PT Semen Tonasa
                                                                  Indonesia
                                                               PT Pengembangan Pariwisata                                                             456       PT Pos Properti Indonesia            505    PT Rekayasa Industri                553    PT Senggigi Pratama Internasional
        322     PT Nusa Karya Arindo                  367                                            412   PT Pertamina Pedeve Indonesia              457       PT PP Energi                         506    PT Rekind Daya Mamuju               554    PT Sepatim Batamtama
                                                                  Indonesia (Persero)
                                                               PT Pengembang Pelabuhan                                                                458       PT PP Infrastruktur                  507    PT Reksasentosa Dinamika            555    PT Sepoetih Daya Prima
        323     PT Nusa Pratama Property              368                                            413   PT Pertamina Port and Logistic
                                                                  Indonesia                                                                           459       PT PP Presisi Tbk                    508    PT Reska Multi Usaha                556    PT SIER
        324     PT Nusantara Batulicin                369      PT Pengerukan Indonesia               414   PT Pertamina Power Indonesia               460       PT PP Properti Jababeka Residen      509    PT Riset Perkebunan Nusantara       557    PT SIER Puspa Utama
        325     PT Nusantara Medika Utama             370      PT Perikanan Indonesia                415   PT Pertamina Retail                        461       PT PP Properti Tbk                   510    PT Rolas Nusantara Mandiri          558    PT Sigma Cipta Caraka
                                                                                                           PT Pertamina Training dan                  462       PT PP Semarang Demak                 511    PT Rolas Nusantara Medika           559    PT Sigma Cipta Utama
        326     PT Nusantara Regas                    371      PT Perjaya Bravo Energi               416
                                                                                                             Consulting                               463       PT PP Sinergi Banjaratma             512    PT Rolas Nusantara Tambang          560    PT Sigma Utama
        327     PT Nusantara Sebelas Medika           372      PT Perkebunan Mitra Ogan              417   PT Pertamina Trans Kontinental             464       PT PP Tirta Riau                     513    PT Rumah Sakit Pelabuhan            561    PT Sinergi Gula Nusantara
        328     PT Nusantara Sukses Investasi         373      PT Perkebunan Nusantara I             418   PT Pertani Properti                                                                                                                         PT Sinergi Informatika Semen
        329     PT Nusantara Terminal Services        374      PT Perkebunan Nusantara II            419   PT Peruri Digital Security                465      PT PP Urban                          514      PT Rumah Sakit Pelni                562
                                                                                                                                                                                                                                                          Indonesia
        330     PT Nusantara Turbin dan Propulsi      375      PT Perkebunan Nusantara IV            420   PT Peruri Properti
        331     PT Nutech Integrasi                   376      PT Perkebunan Nusantara IX            421   PT Perusahaan Gas Negara Tbk              466      PT PPA Finance                       515      PT Sabre Travel Network Indonesia   563    PT Sinergi Mitra Investama
        332     PT Optima Nusa Tujuh                  377      PT Perkebunan Nusantara V             422   PT Perusahaan Pengelola Aset              467      PT PPA Kapital                       516      PT Sahung Brantas Energi            564    PT Sinergi Perkebunan Nusantara
                                                                                                           PT Perusahaan Perdagangan                 468      PT Pratama Mitra Sejati              517      PT Saka Energi Bangkanai Barat      565    PT Sinkona Indonesia Lestari
        333     PT Paguntaka Cahaya Nusantara         378      PT Perkebunan Nusantara VI            423                                             469      PT Prima Armada Raya                 518      PT Saka Energi Indonesia            566    PT Sintas Kurama Perdana
                                                                                                             Indonesia
        334     PT PAL Indonesia                      379      PT Perkebunan Nusantara VII           424   PT Pesonna Indonesia Jaya                 470      PT Prima Bara Indonesia              519      PT Sang Hyang Seri                  567    PT Solusi Bangun Andalas
        335     PT PAL Marine Service                 380      PT Perkebunan Nusantara VIII          425   PT Pesonna Optima Jasa                    471      PT Prima Husada Cipta Medan          520      PT Sarana Aceh Ventura              568    PT Solusi Bangun Beton
        336     PT Palawi Risorsis                    381      PT Perkebunan Nusantara X             426   PT Peteka Karya Tirta                     472      PT Prima Indonesia Logistik          521      PT Sarana Agro Nusantara            569    PT Solusi Bangun Indonesia Tbk
        337     PT PANN Pembiayaan Maritim            382      PT Perkebunan Nusantara XI            427   PT Petrokimia Gresik                               PT Prima Layanan Nasional
        338     PT Patra Drilling Contractor          383      PT Perkebunan Nusantara XII           428   PT Petrokimia Kayaku                      473                                           522      PT Sarana Bandar Logistik           570    PT Solusi Energy Nusantara
                                                                                                                                                                 Enjinering
        339     PT Patra Jasa                         384      PT Perkebunan Nusantara XIII          429   PT Petronesia Benimel                              PT Prima Layanan Niaga Suku
        340     PT Patra Logistik                     385      PT Perkebunan Nusantara XIV           430   PT Petrosida Gresik                       474                                           523      PT Sarana Bandar Nasional           571    PT Sri Pamela Medika Nusantara
                                                                                                                                                                 Cadang
        341     PT Patra Nusa Data                    386      PT Permata Graha Nusantara            431   PT PG Rajawali I                          475      PT Prima Medica Nusantara            524      PT Sarana Bengkulu Ventura          572    PT Sucofindo
        342     PT Patra Trading                      387      PT Permodalan Nasional Madani         432   PT PG Rajawali II                         476      PT Prima Multi Terminal              525      PT Sarana Jabar Ventura             573    PT Sucofindo Advisory Utama
        343     PT Pegadaian                          388      PT Persada Sokka Tama                 433   PT PGAS Solution
                                                                                                                                                     477      PT Prima Pengembangan Kawasan        526      PT Sarana Jakarta Ventura           574    PT Sucofindo Episi
                                                                                                           PT PGAS Telekomunikasi
        344     PT Pegadaian Galeri Dua Empat         389      PT Perta Arun Gas                     434                                             478      PT Prima Power Nusantara             527      PT Sarana Jambi Ventura             575    PT Sumberdaya Arindo
                                                                                                             Nusantara
                                                                                                                                                     479      PT Prima Terminal Peti Kemas         528      PT Sarana Jateng Ventura            576    PT Suralaya Indo Tenaga
        345     PT Pekanbaru Permai Propertindo       390      PT Pertagas Niaga                     435   PT PGN LNG Indonesia                                                                                                                        PT Surveyor Carbon Consulting
        346     PT Pelabuhan Bukit Prima              391      PT Pertamedika Bali Hospital          436   PT Phapros Tbk                            480      PT Propernas Griya Utama             529      PT Sarana Jatim Ventura             577
                                                                                                                                                                                                                                                          Indonesia
        347     PT Pelabuhan Tanjung Priok            392      PT Pertamina Bina Medika              437   PT PHE Abar                               481      PT Pupuk Indonesia Energi            530      PT Sarana Kalbar Ventura            578    PT Surveyor Indonesia
                                                               PT Pertamina Drilling Services                                                        482      PT Pupuk Indonesia Logistik          531      PT Sarana Kalsel Ventura            579    PT Surya Energi Indotama
        348     PT Pelayanan Energi Batam             393                                            438   PT PHE Metana Kalimantan B
                                                                  Indonesia                                                                                   PT Pupuk Indonesia Niaga
                PT Pelayanan Listrik Nasional                                                                                                        483                                           532      PT Sarana Kaltim Ventura            580    PT Swadharma Sarana Informatika
        349                                           394      PT Pertamina EP                       439   PT PHE Metana Sumatera 5                              (sebelumnya PT Mega Eltra)
                  Batam                                                                                                                                                                                     PT Sarana Multigriya Finansial
                                                               PT Pertamina EP Cepu Alas Dara                                                        484      PT Pupuk Indonesia Pangan            533                                          581    PT Tanjung Alam Jaya
        350     PT Pelayaran Bahtera Adhiguna         395                                            440   PT PHE West Madura Offshore                                                                        (Persero)
                                                                  dan Kemuning                                                                                                                                                                         PT Telekomunikasi Indonesia
        351     PT Pelindo Daya Sejahtera             396      PT Pertamina Gas                      441   PT PIM Prima Medika                       485      PT Pupuk Iskandar Muda               534      PT Sarana Papua Ventura             582
                                                                                                                                                                                                                                                          International
        352     PT Pelindo Energi Logistik            397      PT Pertamina Geothermal Energy        442   PT Pindad                                 486      PT Pupuk Kalimantan Timur            535      PT Sarana Riau Ventura              583    PT Telekomunikasi Selular
        353     PT Pelindo Husada Citra               398      PT Pertamina Hulu Energi              443   PT Pindad Enjiniring Indonesia            487      PT Pupuk Kujang Cikampek             536      PT Sarana Sulsel Ventura            584    PT Telemedia Dinamika Sarana
        354     PT Pelindo Jasa Maritim               399      PT Pertamina Hulu Indonesia           444   PT Pindad Medika Utama                    488      PT Pupuk Sriwidjaja Palembang        537      PT Sarana Sulut Ventura             585    PT Telkom Akses
        355     PT Pelindo Marine Service             400      PT Pertamina Hulu Mahakam             445   PT PINS Indonesia                                                                                                                           PT Telkom Data Ekosistem (TDE)
        356     PT Pelindo Multi Terminal             401      PT Pertamina Hulu Rokan               446   PT PLN Batubara                           489      PT Puspetindo                        538      PT Sarana Surakarta Ventura         586       (sebelumnya PT Sigma Tata
                                                                                                           PT PLN Indonesia Geothermal                                                                                                                    Sadaya)
        357     PT Pelindo Properti Indonesia         402      PT Pertamina Hulu Sanga Sanga         447     (sebelumnya PT PLN Gas dan              490      PT Pusri Agro Lestari                539      PT Sari Valuta Asing                587    PT Telkom Landmark Tower
                                                                                                             Geothermal)                             491      PT Putra Indo Tenaga                 540      PT Sarinah                          588    PT Telkom Satelit Indonesia
                                                                                                           PT PLN Indonesia Power                    492      PT Putra Suralaya Indotenaga         500      PT Satria Bahana Sarana             589    PT Telkomsel Ekosistem Digital
                                                               PT Pertamina Internasional
        358     PT Pelindo Solusi Logistik            403                                            448     (sebelumnya PT Indonesia                493      PT Railink                           541      PT Semen Baturaja (Persero) Tbk     590    PT Terminal Petikemas Surabaya
                                                                  Eksplorasi dan Produksi
                                                                                                             Power)                                  494      PT Rajawali Citramass                542      PT Semen Gresik                     591    PT Terminal Teluk Lamong
                                                                                                           PT PLN Nusa Daya (sebelumnya              495      PT Rajawali Nusindo                  543      PT Semen Indogreen Sentosa          592    PT Tiar Daya Hidro
        359     PT Pelindo Terminal Petikemas         404      PT Pertamina International Shipping   449
                                                                                                             PT PLN Tarakan)                         496      PT Rajawali Tanjungsari Enjiniring   544      PT Semen Indonesia Aceh             593    PT Timah Agro Manunggal
                                                                                                           PT PLN Nusantara Power                    497      PT Rantepao Hidro Energi             545      PT Semen Indonesia Beton            594    PT Timah Industri
                                                               PT Pertamina International Timor
        360     PT Pelita Air Service                 405                                            450     Construction (sebelumnya PT             498      PT Ratah Timber                      546      PT Semen Indonesia Distributor      595    PT Timah Investasi Mineral
                                                                  SA
                                                                                                             Rekadaya Elektrika)                     499      PT Reasuransi Nasional Indonesia     547      PT Reksasentosa Dinamika            596    PT Timah Karya Persada Properti



PT BANK MANDIRI (PERSERO) TBK                                1616          337                                                                                                                                     1617
                                                                                                                                                                                                                      338                                     ANNUAL REPORT 2024
Page 531
        FINANCIAL STATEMENTS 2024


                                                PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                 PT BANK MANDIRI (PERSERO) Tbk.
                                           DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE CONSOLIDATED                    CATATAN ATAS LAPORAN KEUANGAN                                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                            FINANCIAL STATEMENTS                  KONSOLIDASIAN                                                                                                  FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                            31 DECEMBER 2024 AND 2023                 31 DESEMBER 2024 DAN 2023                                                                                  31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                   (Expressed in millions of Rupiah, unless otherwise stated)          (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                         (Expressed in millions of Rupiah, unless otherwise stated)

56. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                               56. RELATED PARTY TRANSACTIONS (continued)                             56. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                                     56. RELATED PARTY TRANSACTIONS (continued)
    (lanjutan)                                                                                                                                     (lanjutan)

     Dalam rangka menjalankan bisnis normalnya, Bank                          In the normal course of business, Bank Mandiri entered               Dalam rangka menjalankan bisnis normalnya, Bank                                 In the normal course of business, Bank Mandiri entered
     Mandiri memiliki transaksi usaha yang signifikan                         into certain significant transactions with the following             Mandiri memiliki transaksi usaha yang signifikan                                into certain significant transactions with the following
     dengan pihak-pihak berelasi sebagai berikut                              related parties (continued):
                                                                                                                                                   dengan pihak-pihak berelasi sebagai berikut                                     related parties (continued):
     (lanjutan):
                                                                                                                                                   (lanjutan):
     • Hubungan pihak berelasi                   dengan     entitas           • Related parties relationship with government
       Pemerintah (lanjutan):                                                   related entities (continued):                                      • Hubungan pihak berelasi                    dengan           entitas           • Related parties relationship with government
                                                                                                                                                     Pemerintah (lanjutan):                                                          related entities (continued):
        No.        Pihak berelasi/Related parties      No.      Pihak berelasi/Related parties     No.      Pihak berelasi/Related parties
       a. Entitas Anak dari BUMN/Subsidiary of State Owned Enterprise (lanjutan/continued)
                                                                                                                                                       d. Lembaga Jaminan Sosial/Social Security Institution
                                                                                                          PT Wijaya Karya Industri dan
        597     PT Timah Tbk                          611      PT Waskita Fim Perkasa Realti       625                                                  711    BPJS Kesehatan                          712          BPJS Ketenagakerjaan
                                                                                                            Konstruksi
        598     PT Tirta Tangsel Mandiri              612      PT Waskita Karya Infrastruktur      626    PT Wijaya Karya Pracetak Gedung
        599     PT Tracon Industri                    613      PT Waskita Karya Realty             627    PT Wijaya Karya Realty                       e. Lembaga Keuangan/Financial Institution
                                                                                                          PT Wijaya Karya Realty Minor                          Lembaga Pembiayaan Ekspor                           Perusahaan Penerbit SBSN                    PT Penjaminan Infrastruktur
        600     PT Transjawa Paspro Jalan Tol         614      PT Waskita Sangir Energi            628                                                  713                                                715                                           717
                                                                                                            Development                                            Indonesia                                          Indonesia                                   Indonesia
                                                                                                          PT Wijaya Karya Rekayasa                              Lembaga Pengelola Investasi                                                                     PT Sarana Multi Infrastruktur
        601     PT Tugu Pratama Interindo             615      PT Waskita Sriwijaya Tol            629                                                  714                                                716      PT Indonesia Infrastruktur Finance   718
                                                                                                            Konstruksi                                             (Indonesia Investment Authority)                                                               (Persero)
                                                                                                          PT Wijaya Karya Serang
        602     PT Tugu Reasuransi Indonesia          616      PT Waskita Toll Road                630
                                                                                                            Panimbang
        603     PT TWC BP dan RB                      617      PT Waskita Wado Energy              631    PT WIKA Komponen Beton                       f. Entitas Berelasi Lainnya/Others Related Entity
        604     PT United Tractors Semen Gresik       618      PT Wege Solusi Proklamasi           632    PT WIKA Krakatau Beton                         719      PT Bina Karya (Persero)
        605     PT Varia Usaha Bahari                 619      PT Widar Mandripa Nusantara         633    PT WIKA Tirta Jaya Jatiluhur
        606     PT Varia Usaha Beton                  620      PT Widya Tirta Selaras              634    PT Wisma Seratus Sejahtera
        607     PT Varia Usaha Dharma Segara          621      PT Wijaya Karya Aspal               635    PT Yasa Industri Nusantara                     Sifat dari transaksi dengan pihak-pihak berelasi                               Nature of transactions with government related
        608     PT Varia Usaha Lintas Segara          622
                                                               PT Wijaya Karya Bangunan Gedung
                                                                                                   636    Saka Indonesia Pangkah BV                      entitas pemerintah antara lain adalah giro pada                                entities are current accounts with other banks,
                                                                  Tbk
                                                                                                          Timah International Investment Pte             bank lain, penempatan pada bank lain, efek-efek,                               placements with other banks, marketable
        609     PT Waskita Beton Precast Tbk          623      PT Wijaya Karya Beton Tbk           637
                                                                                                             Ltd                                         obligasi pemerintah, tagihan lainnya - transaksi                               securities, government bonds, other receivables -
        610     PT Waskita Bumi Wira                  624      PT Wijaya Karya Bitumen
                                                                                                                                                         perdagangan, tagihan atas efek-efek yang dibeli                                trade transaction, securities purchased under
       b. Entitas Asosiasi dari BUMN/Associate Company of State Owned Enterprise                                                                         dengan janji dijual kembali, tagihan derivatif,                                agreements to resell, derivative receivables, loans
                                                              PT Jasamarga Jalanlayang                                                                   kredit yang diberikan dan piutang/pembiayaan                                   and sharia receivables/financing, consumer
        637       PT Asuransi Jiwa Inhealth Indonesia 640                                          643    PT Jasamarga Pandaan Tol
                                                                  Cikampek
        638       PT Fintek Karya Nusantara           641     PT Jasamarga Jogja Solo              644    PT Vale Indonesia Tbk                          syariah, piutang pembiayaan konsumen, tagihan                                  financing receivables, acceptance receivables,
        639       PT Freeport Indonesia               642     PT Jasamarga Pandaan Malang          645    PT Industri Baterai Indonesia                  akseptasi,     penyertaan    saham,      simpanan                              investment in shares, deposit from customers,
       c. Badan Usaha Milik Negara/State Owned Enterprise                                                                                                nasabah, simpanan dari bank lain, liabilitas                                   deposits from other bank, derivative liabilities,
        646     Perum BULOG                          670       PT Danareksa (Persero)              696    PT Pupuk Indonesia (Persero)                   derivatif, liabilitas akseptasi, efek-efek yang                                acceptance payables, debt securities issued, fund
                Perum Damri (sebelumnya Perum
        647        Pengangkutan Penumpang            671       PT Djakarta Lloyd (Persero)         697
                                                                                                          PT Rajawali Nusantara Indonesia                diterbitkan, pinjaman yang diterima, pinjaman                                  borrowings, subordinated loans and marketable
                                                                                                             (Persero)
                   Djakarta)                                                                                                                             dan efek-efek subordinasi, dana syirkah                                        securities, temporary syirkah funds unused loan
                                                               PT Dok dan Perkapalan Kodja                PT Reasuransi Indonesia Utama
        648     Perum Jasa Tirta I                    672
                                                                  Bahari (Persero)
                                                                                                   698
                                                                                                             (Persero)
                                                                                                                                                         temporer, fasilitas kredit yang diberikan yang                                 facility, outstanding irrevocable letter of credit,
                                                               PT Dok dan Perkapalan Surabaya                                                            belum digunakan, letter of credit yang tidak dapat                             guarantees issued in the form of bank guarantee
        649     Perum Jasa Tirta II                   673                                          699    PT Semen Indonesia (Persero) Tbk
                                                                  (Persero)                                                                              dibatalkan yang masih berjalan garansi yang                                    and irrevocable letter of credit, and standby letter
                Perum Lembaga Kantor Berita
        650                                           674      PT Garuda Indonesia (Persero) Tbk   700    PT Semen Kupang (Persero)                      diberikan dalam bentuk bank garansi, dan                                       of credit.
                   Nasional Antara
        651     Perum LPPNPI                          675      PT Hutama Karya (Persero)           701    PT Taspen (Persero)                            standby letter of credit.
                Perum Percetakan Negara Republik
        652                                           676      PT Indah Karya (Persero)            702    PT Telkom Indonesia (Persero) Tbk
                   Indonesia
        653
                Perum Percetakan Uang Republik
                                                      677
                                                               PT Industri Kapal Indonesia
                                                                                                   703    PT Varuna Tirta Prakasya (Persero)             Dalam menjalankan kegiatan usahanya, Grup                                      In the ordinary course of its business, the Group
                   Indonesia                                       (Persero)
        654     Perum Perhutani                       678      PT Industri Kereta Api (Persero)    704    PT Virama Karya (Persero)                      juga melakukan transaksi pembelian atau                                        also purchases or pays for services, such as
        655     Perum Perumnas                        680
                                                               PT Industri Telekomunikasi
                                                                                                   705    PT Waskita Karya (Persero) Tbk
                                                                                                                                                         penggunaan jasa seperti biaya telekomunikasi,                                  telecommunication expenses, utility expenses, and
                                                                   Indonesia (Persero)
        656     PT Adhi Karya (Persero) Tbk           681      PT Jasa Marga (Persero) Tbk         706    PT Wijaya Karya (Persero) Tbk
                                                                                                                                                         biaya listrik, dan biaya lainnya dengan pihak-                                 other expenses to government related entities.
        657     PT Amarta Karya (Persero)             682      PT Kereta Api Indonesia (Persero)   707    PT Yodya Karya (Persero)                       pihak berelasi entitas pemerintah.
        658     PT ASABRI (Persero)                   683      PT Krakatau Steel (Persero) Tbk     708    PT Indra Karya
        659     PT ASDP Indonesia Ferry (Persero)     684      PT LEN Industri (Persero)           709    Perum Produksi Film Negara
                                                               PT Mineral Industri Indonesia                                                       •     Hubungan manajemen atau karyawan kunci                                    •    Transactions with management                 and        key
        660     PT Asuransi Jiwasraya (Persero)       685                                          710    Mining Industry Indonesia
                                                                   (Persero)                                                                             Bank Mandiri:                                                                  personnel of Bank Mandiri:
                PT Aviasi Pariwisata Indonesia
        661                                           686      PT PANN (Persero)
                   (Persero)
        662
                PT Bahana Pembinaan Usaha
                                                      687      PT PDI Pulau Batam (Persero)                                                              Gaji dan tunjangan, bonus dan tantiem, imbalan                                 Total gross salaries and allowances, bonus and
                   Indonesia (Persero)
                PT Bank Negara Indonesia                                                                                                                 jangka panjang untuk Dewan Komisaris, Direksi,                                 tantiem, long-term employment benefits of the
        663                                           688      PT Pelabuhan Indonesia (Persero)
                   (Persero) Tbk                                                                                                                         Komite Audit dan Komite Pemantau Risiko,                                       Boards of Commissioners, Directors, Audit
                PT Bank Rakyat Indonesia                       PT Pelayaran Nasional Indonesia
        664
                   (Persero) Tbk
                                                      689
                                                                   (Persero)
                                                                                                                                                         Dewan Pengawas Syariah serta Senior Executive                                  Committee and Risk Oversight Committee, Sharia
        665
                PT Bank Tabungan Negara
                                                      690
                                                               PT Pembangunan Perumahan                                                                  Vice President dan Senior Vice President                                       Supervisory Board, and Senior Executive Vice
                   (Persero) Tbk                                   (Persero) Tbk                                                                         (Catatan 49) untuk periode yang berakhir pada                                  President, and Senior Vice President (Note 49) for
                                                               PT Perkebunan Nusantara III
        666     PT Barata Indonesia (Persero)         691                                                                                                31 Desember 2024 dan 2023 masing-masing                                        the period ended 31 December 2024 and 2023
                                                                  (Persero)
        667     PT Bio Farma (Persero)                692      PT Pertamina (Persero)                                                                    sebesar Rp2.708.912 dan Rp2.030.660 atau                                       amounted to Rp2,708,912 and Rp2,030,660 or
                PT Biro Klasifikasi Indonesia                  PT Perusahaan Listrik Negara
        668                                           693                                                                                                4,62% dan 3,77% dari jumlah beban operasional                                  4.62% and 3.77% of total consolidated other
                   (Persero)                                      (Persero)
        669     PT Boma Bisma Indra (Persero)         694      PT Pos Indonesia (Persero)                                                                lainnya konsolidasian .                                                        operating expenses, respectively.
        670     PT Brantas Abipraya (Persero)         695      PT Primissima (Persero)


PT BANK MANDIRI (PERSERO) TBK                                1618          339                                                                                                                                             1619
                                                                                                                                                                                                                              340
                                                                                                                                                                                                                                                                        ANNUAL REPORT 2024
Page 532
        FINANCIAL STATEMENTS 2024


                                                                                                                                                                                                 PT BANK MANDIRI (PERSERO) Tbk.
                                              PT BANK MANDIRI (PERSERO) Tbk.
                                                                                                                                                                                            DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
                                         DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
                                                                                                                                                CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
                                                                                                                                                KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS
KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS
                                                                                                                                                31 DESEMBER 2024 DAN 2023                                                                         31 DECEMBER 2024 AND 2023
31 DESEMBER 2024 DAN 2023                                                                         31 DECEMBER 2024 AND 2023
                                                                                                                                                (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)
                                                                                                                                                56. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                          56. RELATED PARTY TRANSACTIONS (continued)
56. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                         56. RELATED PARTY TRANSACTIONS (continued)                                        (lanjutan)
    (lanjutan)
                                                                                                                                                    Rincian saldo transaksi dengan pihak-pihak berelasi                   Details of transactions with related parties as of
     Rincian saldo transaksi dengan pihak-pihak berelasi                  Details of transactions with related parties as of                        pada tanggal 31 Desember 2024 dan 2023 adalah                         31 December 2024 and 2023, are as follows
                                                                                                                                                    sebagai berikut (lanjutan):                                           (continued):
     pada tanggal 31 Desember 2024 dan 2023 adalah                        31 December 2024 and 2023, are as follows:
     sebagai berikut:                                                                                                                                                                                   2024                     2023

                                                     2024                        2023
                                                                                                                                                    Aset (lanjutan)                                                                                                     Assets (continued)
                                                                                                                                                    Kredit yang diberikan dan piutang/pembiayaan                                                     Loans and sharia receivables/financing
     Aset                                                                                                                             Assets          syariah (Catatan 12A.a)                                                                                                (Note 12A.a)
     Giro pada bank lain (Catatan 5a)                                                             Current accounts with other banks (Note 5a)         Pemerintah Republik Indonesia melalui                                                                The Goverment of Republic of
       PT Bank Negara Indonesia (Persero) Tbk.               151.749                    427.595   PT Bank Negara Indonesia (Persero) Tbk.               Kementerian                                        85.182.125              59.818.334         Indonesia through the Ministry
       PT Bank Rakyat Indonesia (Persero) Tbk.                38.384                     27.695    PT Bank Rakyat Indonesia (Persero) Tbk.            PT Pegadaian                                         20.071.777              11.663.238                              PT Pegadaian
       PT Bank Tabungan Negara (Persero) Tbk.                  4.278                      5.807   PT Bank Tabungan Negara (Persero) Tbk.              PT Perusahaan Listrik Negara (Persero)               17.233.247              15.888.635     PT Perusahaan Listrik Negara (Persero)
                                                             194.411                    461.097                                                       PT Perkebunan Nusantara IV                           10.986.502              11.054.578              PT Perkebunan Nusantara IV
                                                                                                                                                      PT Waskita Karya (Persero) Tbk.                       9.804.930               8.513.450           PT Waskita Karya (Persero) Tbk.
     Penempatan pada Bank Indonesia dan bank lain                                                   Placements with Bank Indonesia and other
                                                                                                                                                      PT Kereta Api Indonesia (Persero)                     9.409.018               4.634.666          PT Kereta Api Indonesia (Persero)
      (Catatan 6b dan 6c)                                   3.107.120               2.049.472                      banks (Note 6b dan 6c)
                                                                                                                                                      PT Wijaya Karya (Persero) Tbk.                        9.314.887               8.139.724            PT Wijaya Karya (Persero) Tbk.
                                                                                                                                                      PT Angkasa Pura Indonesia                             8.448.348               9.574.467               PT Angkasa Pura Indonesia
     Efek-efek (Catatan 7a)                                                                                  Marketable securities (Note 7a)          PT Krakatau Steel (Persero) Tbk.                      8.135.500               6.573.561           PT Krakatau Steel (Persero) Tbk.
       Pemerintah Republik Indonesia melalui                                                             The Goverment of the Republic of                                                                                                                 PT Pembangunan Perumahan
          Kementerian                                       4.029.685               2.440.856            Indonesia through the Ministry                PT Pembangunan Perumahan (Persero) Tbk.             7.331.236                4.656.930                           (Persero) Tbk.
       PT BNI Asset Management                              3.500.000               3.500.239                   PT BNI Asset Management                Lainnya                                           105.717.530               97.563.437                                      Others
       PT Bahana TCW Investment Management                  1.480.137               1.770.554     PT Bahana TCW Investment Management                                                                    291.635.100              238.081.020
       PT BRI Danareksa Sekuritas                           1.450.000               1.450.000                  PT BRI Danareksa Sekuritas
                                                                                                                                                    Piutang pembiayaan konsumen (Catatan 13a)                                                     Consumer financing receivables (Note 13a)
       PT Bank Rakyat Indonesia (Persero) Tbk.              1.316.089               2.775.959     PT Bank Rakyat Indonesia (Persero) Tbk.
                                                                                                                                                       Lainnya                                                 41.346                   11.542                                    Others
       PT Hutama Karya (Persero) Tbk.                         903.000                 903.000             PT Hutama Karya (Persero) Tbk.
       PT Indonesia Asahan Aluminium                          876.080                 904.048              PT Indonesia Asahan Aluminium            Tagihan akseptasi (Catatan 15a)                                                                     Acceptance receivables (Note 15a)
       PT Pelabuhan Indonesia (Persero)                       856.282                 848.970           PT Pelabuhan Indonesia (Persero)              PT Pembangunan Perumahan (Persero) Tbk.                764.209                  576.178 PT Pembangunan Perumahan (Persero) Tbk.
       PT Telkom Indonesia (Persero) Tbk                      638.809               1.460.474          PT Telkom Indonesia (Persero) Tbk.             PT Bank Negara Indonesia (Persero) Tbk.                234.771                  249.342    PT Bank Negara Indonesia (Persero) Tbk.
       PT Perusahaan Listrik Negara (Persero)                 459.167               1.074.661       PT Perusahaan Listrik Negara (Persero)            PT Bank Rakyat Indonesia (Persero) Tbk.                183.941                  282.762    PT Bank Rakyat Indonesia (Persero) Tbk.
       Lainnya                                              4.713.826               6.645.378                                       Others            PT Dirgantara Indonesia (Persero)                      143.418                        -          PT Dirgantara Indonesia (Persero)
                                                                                                                                                      PT Pertamina Patra Niaga                               136.295                  169.806                  PT Pertamina Patra Niaga
                                                           20.223.075              23.774.139
                                                                                                                                                      PT PP Presisi Tbk.                                      67.186                        -                         PT PP Presisi Tbk.
                                                                                                                                                      PT Pindad (Persero)                                     56.721                  682.954                       PT Pindad (Persero)
     Obligasi pemerintah (Catatan 8)                   287.272.659                309.182.971                     Government bonds (Note 8)           PT PP Urban                                             28.633                   57.907                              PT PP Urban
                                                                                                                                                      PT Wijaya Karya Beton Tbk.                              21.898                   29.309                PT Wijaya Karya Beton Tbk.
     Tagihan lainnya – transaksi perdagangan                                                                        Other receivables - trade         PT Wijaya Karya Bangunan Gedung Tbk.                    21.785                  101.191    PT Wijaya Karya Bangunan Gedung Tbk.
       (Catatan 9a)                                                                                                transactions (Note 9a)             Lainnya                                                 40.007                  100.978                                    Others
       PT Pembangunan Perumahan                                                                              PT Pembangunan Perumahan                                                                      1.698.864                2.250.427
          (Persero) Tbk.                                    3.914.245               4.204.421                             (Persero) Tbk.
                                                                                                                                                    Penyertaan saham (Catatan 16a)                                                                         Investments in shares (Note 16a)
       PT Semen Indonesia (Persero) Tbk.                      972.838                 466.102          PT Semen Indonesia (Persero) Tbk.
                                                                                                                                                      PT Fintek Karya Nusantara                              586.554                    620.353               PT Fintek Karya Nusantara
       PT Wijaya Karya Beton Tbk.                             289.709                  75.667                  PT Wijaya Karya Beton Tbk.
                                                                                                                                                      PT Asuransi Jiwa Inhealth Indonesia                    436.588                          -       PT Asuransi Jiwa Inhealth Indonesia
       PT PP Presisi Tbk.                                     278.804                  88.603                           PT PP Presisi Tbk.            PT Djakarta Lloyd (Persero)                                  -                     32.067               PT Djakarta Lloyd (Persero)
       PT Semen Padang                                        250.862                 311.731                          PT Semen Padang                                                                     1.023.142                    652.420
       PT Wijaya Karya Bangunan Gedung Tbk.                   209.403                 112.771      PT Wijaya Karya Bangunan Gedung Tbk.
       PT PP Urban                                            196.847                  87.096                                PT PP Urban            Total aset kepada pihak-pihak berelasi               615.203.992              584.242.757              Total assets with related parties
       PT Semen Tonasa                                        136.462                 179.914                           PT Semen Tonasa
       PT Adhi Persada Beton                                  117.471                  91.224                      PT Adhi Persada Beton            Total aset konsolidasian                            2.427.223.262            2.174.219.449                   Total consolidated assets
       PT Prima Layanan Niaga Suku Cadang                      96.883                 141.511       PT Prima Layanan Niaga Suku Cadang
                                                                                                                                                    Persentase total aset kepada pihak-pihak berelasi                                                  Percentage of total assets with related
       Lainnya                                                591.143               1.822.473                                       Others             terhadap total aset konsolidasian                       25,35%                   26,87%         parties to total consolidated assets
                                                            7.054.667               7.581.513
                                                                                                                                                    Liabilitas                                                                                                                  Liabilities
     Tagihan atas efek-efek yang dibeli dengan                                                                  Securities purchased under          Simpanan nasabah                                                                                             Deposits from customers
       janji dijual kembali (Catatan 10a)                                                                  agreements to resell (Notes 10a)            Giro dan giro wadiah                                                                          Demand deposits and wadiah demand
       PT Bank Rakyat Indonesia (Persero) Tbk.                 4.613                          -    PT Bank Rakyat Indonesia (Persero) Tbk.                (Catatan 21a)                                                                                            deposits (Note 21a)
                                                                                                                                                          Entitas dan Lembaga Pemerintah                 152.710.426              143.435.486             Government Body and Entity
     Tagihan derivatif (Catatan 11)                                                                       Derivative receivables (Note 11)                Manajemen kunci                                        106                      191                         Key management
       PT Perusahaan Listrik Nasional                                                                       PT Perusahaan Listrik Negara                  Lainnya                                          1.444.940               23.202.155                                   Others
         (Persero)                                          2.682.766                   112.594                               (Persero)                                                                  154.155.472              166.637.832
       PT Bank Negara Indonesia (Persero) Tbk.                 40.022                     4.169   PT Bank Negara Indonesia (Persero) Tbk.
       PT Pertamina (Persero)                                  27.435                         -                    PT Pertamina (Persero)              Tabungan dan tabungan wadiah                                                                     Saving deposits and wadiah saving
                                                                                                                                                         (Catatan 22a)                                                                                                deposit (Note 22a)
       PT Kilang Pertamina Internasional                       20.896                    30.332         PT Kilang Pertamina Internasional
                                                                                                                                                         Entitas dan Lembaga Pemerintah                    5.986.525                7.362.978               Government Body and Entity
       PT Pertamina Patra Niaga                                20.337                    31.629                PT Pertamina Patra Niaga
                                                                                                                                                         Manajemen kunci                                     260.175                  137.385                          Key management
       PT Bank Rakyat Indonesia (Persero) Tbk.                      -                    14.251   PT Bank Rakyat Indonesia (Persero) Tbk.                Lainnya                                              92.343                   40.178                                     Others
       Lainnya                                                157.539                     5.181                                    Others                                                                  6.339.043                7.540.541
                                                            2.948.995                   198.156




PT BANK MANDIRI (PERSERO) TBK                        1620               341
                                                                                                                                                                                                                1621
                                                                                                                                                                                                                   342                                            ANNUAL REPORT 2024
Page 533
        FINANCIAL STATEMENTS 2024


                                                   PT BANK MANDIRI (PERSERO) Tbk.
                                                                                                                                                                                                     PT BANK MANDIRI (PERSERO) Tbk.
                                              DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
                                                                                                                                                                                                DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED
                                                                                                                                                      CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                           FINANCIAL STATEMENTS
                                                                                                                                                      KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                           31 DECEMBER 2024 AND 2023
                                                                                                                                                      31 DESEMBER 2024 DAN 2023                                                                         31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                  (Expressed in millions of Rupiah, unless otherwise stated)
                                                                                                                                                      (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

56. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                           56. RELATED PARTY TRANSACTIONS (continued)
                                                                                                                                                      56. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                          56. RELATED PARTY TRANSACTIONS (continued)
    (lanjutan)
                                                                                                                                                          (lanjutan)

     Rincian saldo transaksi dengan pihak-pihak berelasi                    Details of transactions with related parties as of
     pada tanggal 31 Desember 2024 dan 2023 adalah                          31 December 2024 and 2023, are as follows                                     Rincian saldo transaksi dengan pihak-pihak berelasi                   Details of transactions with related parties as of
     sebagai berikut (lanjutan):                                            (continued):                                                                  pada tanggal 31 Desember 2024 dan 2023 adalah                         31 December 2024 and 2023, are as follows
                                                                                                                                                          sebagai berikut (lanjutan):                                           (continued):
                                                         2024                      2023
                                                                                                                                                                                                           2024                        2023
    Liabilitas (lanjutan)                                                                                               Liabilities (continued)
    Simpanan nasabah (lanjutan)                                                                           Deposits from customers (continued)             Liabilitas (lanjutan)                                                                                            Liabilities (continued)
       Deposito berjangka (Catatan 23a)                                                                             Time deposits (Note 23a)              Dana syirkah temporer (Catatan 38)                                                                  Temporary syirkah funds (Note 38)
         Entitas dan Lembaga Pemerintah                     49.933.020               24.924.590               Government Body and Entity                  Simpanan nasabah                                                                                              Deposits from customers
         Manajemen kunci                                       219.493                  127.276                          Key management                      Entitas dan Lembaga Pemerintah                      57.487.931              36.629.084               Government Body and Entity
         Lainnya                                             3.337.785                9.801.115                                       Others                 Manajemen kunci                                         92.660                  68.958                          Key management
                                                            53.490.298               34.852.981
                                                                                                                                                             Lainnya                                                351.111               8.974.579                                      Others
                                                                                                                                                                                                                 57.931.702              45.672.621
    Simpanan dari bank lain                                                                                         Deposits from other banks
      Giro, giro wadiah dan tabungan                                                                      Demand deposits, wadiah demand
        (Catatan 24a)                                                                              deposits and saving deposits (Note 24a)                Total dana syirkah temporer                        253.340.265                226.281.672                Total Temporary syirkah funds
         Entitas dan Lembaga Pemerintah                      4.298.212                  171.008               Government Body and Entity
         Lainnya                                                 1.024                   12.325                                      Others               Persentase terhadap total dana syirkah                                                           Percentage to total temporary syirkah
                                                             4.299.236                  183.333                                                             temporer                                                22.87%                    20,18%                                    funds

      Inter-bank call money (Catatan 25a)                                                                    Inter-bank call money (Note 25a)
          Entitas dan Lembaga Pemerintah                     1.931.400                  100.000                 Government Body and Entity
                                                                                                                                                                                                           2024                        2023
      Deposito berjangka (Catatan 26a)                                                                             Time deposits (Note 26a)
        Entitas dan Lembaga Pemerintah                          289.710                 384.925                 Government Body and Entity                Laporan laba rugi dan                                                                                      Statement of profit or loss and
                                                                                                                                                            penghasilan komprehensif lain                                                                          other comprehensive income
     Liabilitas derivatif (Catatan 11)                                                                          Derivative payables (Note 11)             Pendapatan bunga dari obligasi                                                                            Interest income from government
      PT Perusahaan Listrik Negara (Persero)                 2.057.169                     3.154    PT Perusahaan Listrik Negara (Persero)                  pemerintah dan SPN (Catatan 41)                      15.186.343               16.065.744             bonds and treasury bills (Note 41)
      PT Bank Negara Indonesia (Persero) Tbk.                   58.272                    21.056   PT Bank Negara Indonesia (Persero) Tbk.
      PT Pertamina Patra Niaga                                  16.847                     9.506                 PT Pertamina Patra Niaga                 Persentase terhadap pendapatan                                                                             Percentage to interest income
      PT Kilang Pertamina Internasional                          1.216                     9.083         PT Kilang Pertamina Internasional
                                                                                                                                                            bunga dan pendapatan syariah                            10,04%                    12,12%                         and sharia income
      Lainnya                                                        -                    33.605                                    Others
                                                             2.133.504                    76.404
                                                                                                                                                          Beban bunga pinjaman yang                                                                                        Interest expense from fund
                                                                                                                                                            diterima (Catatan 42)                                  251.816                     80.863                         borrowings (Note 42)
    Liabilitas akseptasi (Catatan 29a)                                                                       Acceptance payables (Note 29a)
       PT Bank Rakyat Indonesia (Persero) Tbk.               1.624.925                  931.993    PT Bank Rakyat Indonesia (Persero) Tbk.
       PT Bank Negara Indonesia (Persero) Tbk.                 732.647                1.538.464    PT Bank Negara Indonesia (Persero) Tbk.                Persentase terhadap beban bunga                                                                           Percentage to interest expense
       PT Krakatau Baja Konstruksi                              86.486                   48.130               PT Krakatau Baja Konstruksi                   dan beban syariah                                        0,51%                     0,22%                        and sharia expense
       PT Krakatau Baja Industri                                59.663                        -                  PT Krakatau Baja Industri
       PT Pembangunan Perumahan                                                                              PT Pembangunan Perumahan
            (Persero) Tbk.                                      19.865                        -                            (Persero) Tbk.                 Komitmen dan kontinjensi                                                                               Commitments and contingencies
       PT Solusi Bangun Beton                                   17.870                        -                   PT Solusi Bangun Beton                    (Catatan 54)                                                                                                           (Note 54)
       PT Timah Industri                                        10.475                   18.208                         PT Timah Industri                 Fasilitas kredit yang diberikan yang belum
       Lainnya                                                  13.356                   77.466                                    Others                   digunakan                                                                                                          Unused loan facilities
                                                             2.565.287                2.614.261                                                             Pemerintah Republik Indonesia melalui                                                             The Goverment of the Republic of
                                                                                                                                                                 Kementerian                                     43.367.362               32.218.569           Indonesia through the Ministry
    Efek-efek yang diterbitkan (Catatan 30)                  4.580.825                5.066.435                Debt securities issued (Note 30)             PT Pertamina (Persero)                               16.589.453               15.782.376                    PT Pertamina (Persero)
                                                                                                                                                            PT Pengembangan Pelabuhan Indonesia                   8.282.000                        -    PT Pengembangan Pelabuhan Indonesia
    Pinjaman yang diterima (Catatan 36)                      4.627.957                2.481.824                      Fund borrowings (Note 36)              PT Pelabuhan Indonesia (Persero)                      7.465.967               10.965.920         PT Pelabuhan Indonesia (Persero)
                                                                                                                                                            Indonesia Investment Authority                        5.000.000                        -             Indonesia Investment Authority
    Pinjaman dan efek-efek subordinasi                                                                     Subordinated loans and marketable                PT Dayamitra Telekomunikasi                           4.600.000                        -              PT Dayamitra Telekomunikasi
      (Catatan 37)                                               40.000                   35.000                        securities (Note 37)
                                                                                                                                                            PT Freeport Indonesia                                 3.035.057                        -                      PT Freeport Indonesia
                                                                                                                                                            PT Pegadaian (Persero)                                1.789.890                1.661.467                   PT Pegadaian (Persero)
    Total liabilitas kepada pihak-pihak berelasi           234.452.732              219.973.536           Total liabilities with related parties
                                                                                                                                                            PT Jasa Marga                                         1.630.000                        -                             PT Jasa Marga
                                                                                                                                                            PT Mineral Industri Indonesia (Persero)               1.402.969                1.923.820     PT Mineral Industri Indonesia (Persero)
    Total liabilitas konsolidasian                        1.860.408.316            1.660.442.815                 Total consolidated liabilities
                                                                                                                                                            Lainnya                                              14.577.723               20.340.481                                     Others
    Persentase total liabilitas kepada pihak - pihak                                                   Percentage of total liabilities with related
                                                                                                                                                                                                             107.740.421                  82.892.633
      berelasi terhadap total liabilitas konsolidasian          12,60%                    13,25%       parties to total consolidated liabilities




PT BANK MANDIRI (PERSERO) TBK                            1622             343                                                                                                                                        1623
                                                                                                                                                                                                                        344
                                                                                                                                                                                                                                                                         ANNUAL REPORT 2024
Page 534
         FINANCIAL STATEMENTS 2024



                                                  PT BANK MANDIRI (PERSERO) Tbk.                                                                                                             PT BANK MANDIRI (PERSERO) Tbk.
                                             DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                   DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED                         CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                           FINANCIAL STATEMENTS                       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                           31 DECEMBER 2024 AND 2023                      31 DESEMBER 2024 DAN 2023                                                                   31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                  (Expressed in millions of Rupiah, unless otherwise stated)               (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

56. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                           56. RELATED PARTY TRANSACTIONS (continued)                                     57. INFORMASI SEGMEN                                            57. SEGMENT INFORMATION
    (lanjutan)
                                                                                                                                                       Grup telah menyajikan segmen operasi berdasarkan                The Group has presented its operating segments in a
                                                                                                                                                       informasi yang disiapkan secara internal untuk                  manner consistent with the internal reporting provided
     Rincian saldo transaksi dengan pihak-pihak berelasi                    Details of transactions with related parties as of                         pengambilan keputusan operasional (Catatan 2ak).                for operational decision making (refer to Note 2ak).
     pada tanggal 31 Desember 2024 dan 2023 adalah                          31 December 2024 and 2023, are as follows
     sebagai berikut (lanjutan):                                            (continued):                                                               Di bawah ini penjelasan mengenai operasi dari                   The following describes the operations in each
                                                                                                                                                       masing-masing pelaporan segmen pada tanggal                     reportable segment as of 31 December 2024 and
                                                         2024                      2023                                                                31 Desember 2024 dan 2023:                                      2023:

     Komitmen dan kontinjensi                                                                              Commitments and contingencies                •    Corporate Banking                :   termasuk kredit yang diberikan, simpanan nasabah dan transaksi-transaksi
       (Catatan 54) (lanjutan)                                                                                    (Note 54) (continued)                                                           lainnya milik nasabah korporasi, baik BUMN dan badan usaha swasta
     Letter of credit yang tidak dapat dibatalkan yang                                                                                                                                            dengan skala besar./
       masih berjalan                                                                                   Outstanding irrevocable letter of credit                                                  including loans, deposits from customers and other transactions which
       PT Kereta Api Indonesia (Persero)                    3.599.685                 1.773.031         PT Kereta Api Indonesia (Persero)                                                         belong to corporate customers, including state-owned enterprises and
       PT Perusahaan Listrik Negara                         1.778.828                   554.509             PT Perusahaan Listrik Negara                                                          private enterprises with large scale.
       PT Pindad                                              914.949                 1.168.783                                 PT Pindad
       PT Pembangunan Perumahan                                                                             PT Pembangunan Perumahan                    •    Commercial Banking               :   termasuk kredit yang diberikan, simpanan nasabah dan transaksi-transaksi
          (Persero) Tbk                                         617.315               1.312.941                           (Persero) Tbk                                                           lainnya milik nasabah komersial dengan skala menengah./
       PT PAL Indonesia                                         395.308                       -                          PT PAL Indonesia                                                         including loans, deposits from customers and other transactions belong to
       PT Indonesia Power                                       316.403                 509.590                        PT Indonesia Power                                                         commercial customer with medium scale.
       PT Pupuk Iskandar Muda                                   279.588                       -                  PT Pupuk Iskandar Muda
       PT Kilang Pertamina International                        201.744                 222.702          PT Kilang Pertamina International              •    Hubungan Kelembagaan/            :   termasuk kredit yang diberikan, simpanan nasabah dan transaksi-transaksi
       PT Indonesia Asahan Aluminium                                                                      PT Indonesia Asahan Aluminium                      Government Institution               lainnya milik nasabah lembaga pemerintah dan dana pensiun BUMN./
       (INALUM)                                               188.997                         -                                  (INALUM)                                                         including loans, deposits from customers and other transactions which
       PT Pupuk Sriwidjaja Palembang                          178.347                    96.970           PT Pupuk Sriwidjaja Palembang                                                           belong to government entities and pension plan of state-owned enterprises.
       Lainnya                                              1.434.787                 2.400.570                                      Others
                                                            9.905.951                 8.039.096                                                         •    Retail Banking (terdiri dari :       termasuk kredit yang diberikan kepada badan usaha atau individu dengan
                                                                                                                                                              segmen konsumer/individual,         skala mikro hingga kecil, produk dan jasa lainnya seperti dana pihak ketiga,
     Garansi yang diberikan dalam bentuk bank                                                           Guarantees issued in the form of bank                 segmen mikro & bisnis               transaksi pembayaran dan transaksi-transaksi lainnya milik nasabah mikro
       garansi                                                                                                                  guarantee                     dan wealth)/                        dan kecil serta merupakan kredit pembiayaan konsumsi termasuk kredit
       PT Pembangunan Perumahan                                                                             PT Pembangunan Perumahan                         Retail Banking (consists of          kepemilikan rumah, kartu kredit serta produk dan jasa lainnya seperti dana
           (Persero) Tbk                                    4.293.297                 5.811.393                          (Persero) Tbk                        consumer/individual segment         pihak ketiga, transaksi pembayaran dan transaksi-transaksi lainnya milik
       PT Adhi Karya (Persero) Tbk                          4.020.303                 3.687.577               PT Adhi Karya (Persero) Tbk                     and micro & business and            nasabah perorangan./
       PT PAL Indonesia                                     3.803.328                 4.318.893                         PT PAL Indonesia                      wealth segment)                     including loans granted to business entities or individuals with micro-scale to
       PT Pindad                                            3.634.350                 3.285.433                                 PT Pindad
                                                                                                                                                                                                  small, products or other services such as deposits, payment transactions
       PT Bank Negara Indonesia (Persero) Tbk               3.064.328                 1.880.920    PT Bank Negara Indonesia (Persero) Tbk
                                                                                                                                                                                                  and other transactions which belong to micro and small customers also
       PT Hutama Karya (Persero)                            2.600.543                 2.629.206                PT Hutama Karya (Persero)
                                                                                                                                                                                                  consumer finance loans, including mortgage loans, credit cards and other
       PT LEN Industri (Persero)                            2.392.063                 1.561.790                 PT LEN Industri (Persero)
       PT Brantas Abipraya (Persero)                        2.227.920                 3.332.518             PT Brantas Abipraya (Persero)
                                                                                                                                                                                                  products and services such as deposits, payment transactions and other
       PT Wijaya Karya (Persero) Tbk                        1.728.740                 2.951.507             PT Wijaya Karya (Persero) Tbk
                                                                                                                                                                                                  transactions which belong to individual customers.
       PT Dirgantara Indonesia                              1.218.130                   791.120                   PT Dirgantara Indonesia
       Lainnya                                              8.584.185                 7.752.092                                     Others              •    Treasury & International         :   segmen treasury terkait dengan kegiatan treasury Bank termasuk transaksi
                                                           37.567.187                38.002.449
                                                                                                                                                               Banking                            valuta asing, money market, fixed income, bisnis perbankan internasional,
                                                                                                                                                                                                  pasar modal, dan Kantor Luar Negeri./
     Garansi yang diberikan dalam bentuk standby                                                     Guarantees issued in the form of standby                                                     treasury segment associated with treasury activities of the Bank include
       letter of credit                                                                                                   letter of credit                                                        foreign exchange, money market, fixed income, international banking
       PT Perusahaan Listrik Negara (Persero)               1.238.818                 1.827.434    PT Perusahaan Listrik Negara (Persero)                                                         business, capital markets, and the Overseas Branches.
       PT Kilang Pertamina International                      903.825                 2.077.853          PT Kilang Pertamina International
       PT PLN Batubara                                        651.935                         -                          PT PLN Batubara                •    Kantor Pusat/Head Office         :   terutama mengelola aset dan liabilitas Grup selain yang telah dikelola oleh
       PT Pupuk Sriwidjaja Palembang                          648.643                   554.292           PT Pupuk Sriwidjaja Palembang                                                           segmen operasi lainnya termasuk menerima alokasi biaya atas penyediaan
       PT Petrokimia Gresik                                   391.962                   228.791                     PT Petrokimia Gresik                                                          jasa servis secara sentralisasi kepada segmen lainnya serta
       PT Pertamina Power Indonesia                           389.757                   326.416            PT Pertamina Power Indonesia                                                           pendapatan/biaya yang tidak teralokasi ke pelaporan segmen lainnya./
       PT Pertamina Gas                                       366.033                   341.721                         PT Pertamina Gas                                                          mainly managing the assets and liabilities of the Group other than those
       PT Pertamina Patra Niaga                               230.466                   732.780                 PT Pertamina Patra Niaga                                                          managed by other operating segments including accepting the cost
       PT Pengembangan Pariwisata Indonesia                                                                 PT Pengembangan Pariwisata                                                            allocation for the provision of the centralizing services to other segments as
                                                              174.597                   161.012                                  Indonesia                                                        well as income/costs that are not allocated to other segments reporting.
       PT Pupuk Kujang                                        154.029                   241.406                          PT Pupuk Kujang
       Lainnya                                                130.941                   318.794                                      Others             •    Entitas Anak - Syariah/          :   seluruh transaksi yang dilakukan oleh Entitas Anak yang bergerak di bidang
                                                            5.281.006                 6.810.499                                                              Subsidiary - Sharia                  perbankan syariah./
                                                                                                                                                                                                  including all transactions conducted by a Subsidiary engaged in sharia
     Total komitmen dan kontinjensi untuk pihak                                                       Total commitments and contingencies                                                         banking.
       berelasi                                           160.494.565               135.744.677                       for related parties
                                                                                                                                                        •    Entitas Anak - Asuransi/         :   seluruh transaksi yang dilakukan oleh Entitas Anak yang bergerak di bidang
     Total komitmen dan kontinjensi -                                                                Total commitments and contingencies -                   Subsidiary - Insurance               asuransi jiwa, asuransi kesehatan, dan asuransi kerugian./
       neto                                               383.277.992               330.016.631                                     net                                                           including all transactions conducted by Subsidiary engaged in life insurance,
                                                                                                                                                                                                  health insurance, and general insurance.
     Persentase total komitmen dan                                                                       Percentages of total commitments
       kontinjensi kepada pihak-pihak berelasi                                                      and contingencies with related parties              •    Entitas Anak - selain Syariah    :   seluruh transaksi Entitas Anak yang bergerak di bidang pembiayaan
       terhadap total komitmen dan                                                                             to total commitments and                        dan asuransi/                      konsumen, layanan remittance, sekuritas, perbankan, dan modal ventura./
       kontinjensi - neto                                       41,87%                    41,13%                      contingencies - net                    Subsidiaries - other than Sharia     including all transactions of Subsidiaries engaged in consumer finance,
                                                                                                                                                               and insurance                      remittance services, securities, banking and venture capital.



PT BANK MANDIRI (PERSERO) TBK                            1624             345
                                                                                                                                                                                                                1625
                                                                                                                                                                                                                   346
                                                                                                                                                                                                                                                           ANNUAL REPORT 2024
Page 535
                  FINANCIAL STATEMENTS 2024


                                                                                                                                                                                                                                                                                                                            PT BANK MANDIRI (PERSERO) Tbk.
                                                                            PT BANK MANDIRI (PERSERO) Tbk.
                                                                                                                                                                                                                                                                                                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
                                                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
                                                                                                                                                                                                                                                CATATAN ATAS LAPORAN KEUANGAN                                                                                                                             NOTES TO THE CONSOLIDATED
CATATAN ATAS LAPORAN KEUANGAN                                                                                                                           NOTES TO THE CONSOLIDATED
                                                                                                                                                                                                                                                KONSOLIDASIAN                                                                                                                                                    FINANCIAL STATEMENTS
KONSOLIDASIAN                                                                                                                                                  FINANCIAL STATEMENTS
                                                                                                                                                                                                                                                31 DESEMBER 2024 DAN 2023                                                                                                                                    31 DECEMBER 2024 AND 2023
31 DESEMBER 2024 DAN 2023                                                                                                                                  31 DECEMBER 2024 AND 2023
                                                                                                                                                                                                                                                (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                                           (Expressed in millions of Rupiah, unless otherwise stated)
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                                         (Expressed in millions of Rupiah, unless otherwise stated)

                                                                                                                                                                                                                                                57. INFORMASI SEGMEN (lanjutan)                                                                                             57. SEGMENT INFORMATION (continued)
57. INFORMASI SEGMEN (lanjutan)                                                                                            57. SEGMENT INFORMATION (continued)
                                                                                                                                                                                                                                                                                                                                                              2023
                                                                                                              2024
                                                                                                                                                                                                                                                                                                                                                                                                      Entitas Anak
                                                                                                                                                      Entitas Anak                                                                                                                                                                                                                                        - selain
                                                                                                                                                          - selain                                                                                                                                                                                                                                     Syariah dan Penyesuaian
                                                                                                                                                       Syariah dan Penyesuaian                                                                                                                                                                                                               Entitas     asuransi/      dan
                                                                                                                                             Entitas     asuransi/      dan                                                                                                                                  Hubungan                               Treasury &               Entitas Anak    Anak -    Subsidiary - Eliminasi***)
                                                             Hubungan                               Treasury &               Entitas Anak    Anak -    Subsidiary - Eliminasi***)                                                                                                                          Kelembagaan*)                               Inter-    Kantor       - Syariah/   Asuransi/    other than /Adjustment
                                                           Kelembagaan*)                               Inter-    Kantor       - Syariah/   Asuransi/    other than /Adjustment                                                                                                Corporate         Commercial /Government              Retail           national    Pusat*)/    Subsidiary - Subsidiary - Sharia and       and
                              Corporate         Commercial /Government              Retail           national          *)
                                                                                                                 Pusat /     Subsidiary - Subsidiary - Sharia and       and                                                                              Keterangan           Banking*)          Banking*)  Institutional*)        Banking*)         Banking*) Head Office*)    Sharia     insurance    Insurance Elimination***)                         Total          Description
         Keterangan           Banking*)          Banking*)
                                                            Institutional*)        Banking*)         Banking*) Head Office*)    Sharia     insurance    insurance Elimination***)                        Total          Description
                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Consolidated
                                                                                                                                                                                                                       Consolidated             Laporan laba rugi                                                                                                                                                                                            statements of profit
Laporan laba rugi                                                                                                                                                                                             statements of profit               dan penghasilan                                                                                                                                                                                                or loss and other
 dan penghasilan                                                                                                                                                                                                 or loss and other               komprehensif lain                                                                                                                                                                                                comprehensive
 komprehensif lain                                                                                                                                                                                                comprehensive                  konsolidasian                                                                                                                                                                                                             income
 konsolidasian                                                                                                                                                                                                              income              Pendapatan bunga dan                                                                                                                                                                                                     Interest and
Pendapatan bunga                                                                                                                                                                                                         Interest and            syariah**)            45.062.477 22.918.692                         8.057.705      73.572.015       23.955.016           273.499         22.266.780        456.576      12.396.296 (76.414.586) 132.544.470        sharia income **)
 dan syariah**)                  55.458.085       28.329.824       12.599.521       82.023.216       25.675.744          311.561         25.190.341          366.240      13.922.134 (92.640.639) 151.236.027      sharia income **)            Beban bunga dan                                                                                                                                                                                                          Interest and
Beban bunga                                                                                                                                                                                                              Interest and            syariah**)          (30.279.973) (16.104.740)                     (4.928.572) (27.618.272) (21.432.754)                (265.903)         (5.993.167)               -    (4.466.631) 74.432.116 (36.657.896)     sharia expense **)
 dan syariah**)                (43.095.529) (21.526.623)           (9.354.874) (31.421.713) (26.435.919)                (309.039)        (7.889.030)                -     (5.662.346) 96.215.966 (49.479.107)     sharia expense **)
                                                                                                                                                                                                                                                Pendapatan bunga dan                                                                                                                                                                                                       Net interest and
Pendapatan bunga dan                                                                                                                                                                                                      Net interest and       syariah - neto                  14.782.504        6.813.952         3.129.133      45.953.743        2.522.262                 7.596     16.273.613        456.576       7.929.665     (1.982.470)     95.886.574         sharia income
 syariah - neto                  12.362.556        6.803.201         3.244.647      50.601.503         (760.175)               2.522     17.301.311          366.240       8.259.788      3.575.327 101.756.920           sharia income         Pendapatan                                                                                                                                                                                                                    Net premium
Pendapatan                                                                                                                                                                                                                   Net premium         premi - neto                               -               -                  -                -                -                  -                -    2.677.680                 -     (554.634)      2.123.046                income
 premi - neto                               -               -                  -                -                -                 -                -       2.520.813               -              -    2.520.813                income
                                                                                                                                                                                                                                                Pendapatan bunga                                                                                                                                                                                                              Net interest,
Pendapatan bunga,                                                                                                                                                                                                            Net interest,       dan syariah                                                                                                                                                                                                                 sharia and
 syariah                                                                                                                                                                                                                    sharia and           dan premi - neto                14.782.504        6.813.952         3.129.133      45.953.743        2.522.262                 7.596     16.273.613      3.134.256       7.929.665     (2.537.104)     98.009.620      premium income
 dan premi - neto                12.362.556        6.803.201         3.244.647      50.257.596         (760.175)          50.094         17.301.311         2.887.053      8.259.788      3.575.327 103.981.398        premium income
                                                                                                                                                                                                                                                Pendapatan                                                                                                                                                                                                                 Other operating
                                                                                                                                                                                                                                                 operasional lainnya:                                                                                                                                                                                                           income:
Pendapatan                                                                                                                                                                                                             Other operating
                                                                                                                                                                                                                                                 Pendapatan provisi                                                                                                                                                                                                                Fees
 operasional lainnya:                                                                                                                                                                                                       income:                dan komisi                     2.802.116         828.477            485.844        7.397.841         282.570         3.909.218          2.766.757              -       2.333.237       (657.650)     20.148.410     and commission
 Pendapatan provisi                                                                                                                                                                                                          Fees                Lainnya                            396.415         145.282             45.618        5.933.469       2.754.747         7.315.708          2.014.757      1.282.189       2.184.912     (1.698.661)     20.374.436                Others
   dan komisi                     3.579.720        1.068.987           540.910        7.939.832         249.408         4.207.616         3.591.648                 -      2.876.145       (606.746)   23.447.520 and commission
 Lainnya                            370.578          140.578            47.508        5.979.568       2.795.794         4.640.925         2.674.566         1.163.338      2.552.526     (1.641.886)   18.723.495          Others               Total                             3.198.531         973.759            531.462      13.331.310        3.037.317        11.224.926          4.781.514      1.282.189       4.518.149     (2.356.311)     40.522.846                      Total
Total                             3.950.298        1.209.565           588.418      13.919.400        3.045.202         8.848.541         6.266.214         1.163.338      5.428.671     (2.248.632)   42.171.015                      Total    Pembalikan/                                                                                                                                                                                                                     Reversal of/
                                                                                                                                                                                                                                                 (pembentukan)                                                                                                                                                                                                            (allowance for)
Pembalikan/                                                                                                                                                                                                                    Reversal of/      cadangan                                                                                                                                                                                                                      impairment
 (pembentukan)                                                                                                                                                                                                           (allowance for)         kerugian                                                                                                                                                                                                                        losses on
 cadangan                                                                                                                                                                                                                     impairment         penurunan nilai                                                                                                                                                                                                                   financial
 kerugian                                                                                                                                                                                                                       losses on        aset keuangan                                                                                                                                                                                                                 assets and
 penurunan nilai                                                                                                                                                                                                                  financial      dan lainnya                      2.046.409        1.650.569           (12.738)     (9.013.714)         (26.561)          (33.011)        (3.220.873)               -    (1.538.788)               -    (10.148.707)                  others
 aset keuangan                                                                                                                                                                                                                assets and
 dan lainnya                        208.039         533.724             22.539      (8.056.279)         (19.093)          39.701         (2.822.044)                -     (1.835.591)              -   (11.929.004)                  others     Keuntungan dari                                                                                                                                                                                                             Gain on sale of
                                                                                                                                                                                                                                                 penjualan                                                                                                                                                                                                                    marketable
                                                                                                                                                                                                                                                 efek- efek                                                                                                                                                                                                                securities and
Keuntungan dari                                                                                                                                                                                                            Gain on sale of       dan obligasi                                                                                                                                                                                                                government
 penjualan                                                                                                                                                                                                                   marketable          pemerintah                                 -               -                  -                -                -         47.701              74.434        19.340         (16.180)               -       125.295            bonds - net
 efek- efek                                                                                                                                                                                                               securities and
 dan obligasi                                                                                                                                                                                                               government          Beban operasional                                                                                                                                                                                                    Other operating
 pemerintah - neto                          -               -                  -                -                -             1.041        147.338             1.016            902               -      150.297            bonds - net         lainnya:                                                                                                                                                                                                               expenses:
                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Salaries and
Beban operasional                                                                                                                                                                                                       Other operating                Beban gaji dan                                                                                                                                                                                            employee benefit
 lainnya:                                                                                                                                                                                                                  expenses:                    tunjangan                 (223.524)        (341.091)          (110.771)     (2.347.645)        (146.412)      (12.889.547)        (5.035.077)      (562.463)     (3.321.193)       554.634 (24.423.089)        expenses
                                                                                                                                                                                                                         Salaries and                                                                                                                                                                                                                                 General and
       Beban gaji dan                                                                                                                                                                                               employee benefit                   Beban umum                                                                                                                                                                                                  administrative
        tunjangan                  (707.702)        (582.713)          (261.121)     (8.550.280)       (184.589)      (4.397.981)         (5.284.069)        (461.312)    (3.560.996)              -   (24.840.763)       expenses                       dan administrasi          (95.607)        (110.462)          (171.253)     (2.033.553)        (127.053)      (11.965.900)        (4.748.386)      (900.857)     (2.579.823)             - (22.732.894)        expenses
                                                                                                                                                                                                                         General and                   Lainnya                    (563.287)        (261.325)          (153.238)     (1.821.926)        (338.731)       (1.792.243)          (725.852)    (1.206.267)       (521.296)       672.657   (6.711.508)       Others - net
       Beban umum                                                                                                                                                                                                     administrative
         dan administrasi          (537.990)        (337.903)          (287.935)     (8.794.411)       (163.140)      (6.746.929)         (5.822.530)        (780.922)    (3.047.873)             -    (25.074.633)       expenses              Total                             (882.418)        (712.878)          (435.262)     (6.203.124)        (612.196)      (26.647.690) (10.509.315)          (2.669.587)     (6.422.312)     1.227.291      (53.867.491)                    Total
       Lainnya                     (953.374)        (474.356)          (283.621)     (3.421.039)       (353.631)        (398.829)           (850.481)      (1.154.040)      (657.778)       609.594     (7.472.050)            Others
                                                                                                                                                                                                                                                Pendapatan/(beban)                                                                                                                                                                                                          Non-operating
Total                           (2.199.066)      (1.394.972)          (832.677) (20.765.730)           (701.360)      (11.543.739)       (11.957.080)      (2.396.274)     (7.266.647)      447.099    (58.610.446)                    Total     bukan                                                                                                                                                                                                                 income/(expense)
                                                                                                                                                                                                                                                 operasional - neto                         -               -                  -                -                -         98.094                 100               -       (54.876)               -        43.318                 - net
Pendapatan/(beban)                                                                                                                                                                                                         Non-operating
 bukan                                                                                                                                                                                                                income/(expense)          Beban pajak                                 -               -                  -                -                -     (11.690.331) (1.695.729)            (256.165)       (990.786)               -    (14.633.011)          Tax expense
 operasional - neto                         -               -                  -                -                -       342.689               4.393                -          (3.191)             -      343.891                 - net
                                                                                                                                                                                                                                                Laba bersih                      19.145.026        8.725.402         3.212.595      44.068.215        4.920.822       (26.992.715)         5.703.744      1.510.033       3.424.872     (3.666.124)     60.051.870              Net income
Beban pajak - neto                          -               -                  -                -                -    (11.890.259)       (2.044.505)        (278.899)     (1.024.702)              -   (15.238.365)     Tax expense - net

Laba bersih                      14.321.827        7.151.518         3.022.925      35.698.894        1.564.576       (14.199.504)        6.895.627         1.376.234      3.559.230      1.773.794    61.165.121              Net income       Laba bersih
                                                                                                                                                                                                                                                 yang dapat                                                                                                                                                                                                                    Net income
                                                                                                                                                                                                                                                 diatribusikan                                                                                                                                                                                                               attributable
                                                                                                                                                                                                                                                 kepada:                                                                                                                                                                                                                                to:
Laba bersih
                                                                                                                                                                                                                                                Kepentingan                                                                                                                                                                                                                 Non-controlling
 yang dapat                                                                                                                                                                                                                   Net income         nonpengendali                              -               -                  -                -                -                  -                -              -               -              -     4.991.813                 interest
 diatribusikan                                                                                                                                                                                                              attributable        Pemilik Entitas Induk                       -               -                  -                -                -                  -                -              -               -              -    55.060.057            Parent Entity
 kepada:                                                                                                                                                                                                                               to:
Kepentingan                                                                                                                                                                                                                Non-controlling      Laporan posisi                                                                                                                                                                                                             Consolidated
 nonpengendali                              -               -                  -                -                -                 -                   -             -               -             -     5.382.379                interest        keuangan                                                                                                                                                                                                                statement of
Pemilik Entitas Induk                       -               -                  -                -                -                 -                   -             -               -             -    56.224.883           Parent Entity        konsolidasian                                                                                                                                                                                                    financial position****)
                                                                                                                                                                                                                                                Kredit yang diberikan
Laporan posisi                                                                                                                                                                                                              Consolidated          dan piutang/                                                                                                                                                                                                            Loans and sharia
  keuangan                                                                                                                                                                                                                 statement of           pembiayaan                                                                                                                                                                                                                 receivables/
  konsolidasian                                                                                                                                                                                                       financial position          syariah - bruto              409.857.020 237.952.186             72.741.580      358.074.141   7.162.500                      - 237.907.537                     -      42.066.502 (5.929.271) 1.359.832.195           financing - gross
Kredit yang diberikan                                                                                                                                                                                                                           Total aset                     424.358.483 229.139.153             73.595.383      240.050.664 307.078.639            414.628.061 353.624.125            43.938.924     114.843.074 (27.037.057) 2.174.219.449                 Total assets
  dan piutang/                                                                                                                                                                                                           Loans and sharia
  pembiayaan                                                                                                                                                                                                                receivables/                                                                                                                                                                                                                                Demand deposits
  syariah - bruto              515.387.333 292.862.407             96.337.445      397.443.310   8.748.909                      - 275.170.624                       -     46.933.649 (9.667.065) 1.623.216.612         financing - gross        Giro dan                                                                                                                                                                                                                    and wadiah
Total aset                     532.047.351 285.625.155             97.040.404      270.832.653 288.676.693            403.099.471 408.613.432              41.914.379    131.222.110 (31.848.386) 2.427.223.262               Total assets       giro wadiah                  (256.481.994) (91.227.532)          (63.703.665) (115.236.424)         (4.902.962)        (980.003) (20.847.525)                      -    (1.192.752)     2.213.701 (552.359.156)       demand deposits
                                                                                                                                                                                                                                                Tabungan dan                                                                                                                                                                                                             Saving deposits
                                                                                                                                                                                                                        Demand deposits          tabungan                                                                                                                                                                                                                   and wadiah
Giro dan                                                                                                                                                                                                                    and wadiah           wadiah                        (16.495.482) (21.306.778)           (1.062.603) (414.655.290)           (190.222)                 -       (47.026.375)               -    (8.554.739)              - (509.291.489)       saving deposits
 giro wadiah                  (266.264.072) (101.979.504)         (56.424.491) (121.995.373)         (5.041.157)         670.918 (19.147.079)                       -     (1.094.974)     2.699.723 (568.576.009)      demand deposits          Deposito berjangka             (26.777.108) (37.227.044)          (33.127.841) (149.488.496)         (6.772.458)       (2.509.694)                  -               -   (35.470.457)     1.575.594 (289.797.504)           Time deposits
Tabungan dan                                                                                                                                                                                                             Saving deposits
 tabungan                                                                                                                                                                                                                   and wadiah          Total simpanan                                                                                                                                                                                                           Total deposit from
 wadiah                        (22.875.714) (29.835.214)           (2.216.055) (459.185.804)           (426.607)                -       (55.280.067)                -    (10.372.335)             - (580.191.796)       saving deposits          nasabah                      (299.754.584) (149.761.354)         (97.894.109) (679.380.210) (11.865.642)   (3.489.697) (67.873.900)            -                       (45.217.948)     3.789.295 (1.351.448.149)             customers
Deposito berjangka             (40.428.190) (29.372.581)          (44.297.076) (246.264.747)         (4.983.283)      104.031.094                  -                -    (37.426.416)     1.274.047 (297.467.152)          Time deposits        Total liabilitas              (300.286.798) (150.621.915)         (99.279.109) (681.149.184) (55.329.532) (163.775.636) (88.202.768) (38.734.998)                       (95.226.939)    12.164.064 (1.660.442.815)           Total liabilities

Total simpanan                                                                                                                                                                                                          Total deposit from
 nasabah                      (329.567.976) (161.187.299)       (102.937.622) (827.445.924) (10.451.047) 104.702.012 (74.427.146)                - (48.893.725)                           3.973.770 (1.446.234.957)           customers
                                                                                                                                                                                                                                                *)      Sesuai dengan segmen-segmen operasi Bank Mandiri (Catatan 2ak).                                                    *)           In accordance with operating segments of Bank Mandiri (Note 2ak).
Total liabilitas              (330.132.708) (162.089.578)       (104.667.569) (719.307.812) (116.194.603) (186.574.573) (109.666.533) (38.101.669) (109.228.303)                         16.783.973 (1.859.179.375)         Total liabilities
                                                                                                                                                                                                                                                **)     Termasuk komponen internal transfer pricing antar segmen operasi.                                                  **)          Include component of internal transfer pricing among operating segments.
                                                                                                                                                                                                                                                ***)    Termasuk eliminasi internal transfer pricing atau reklasifikasi antar segmen operasi dan eliminasi terhadap        ***)         Include elimination of internal transfer pricing or reclassification among operating segments and
                                                                                                                                                                                                                                                        Entitas Anak.                                                                                                                   elimination for Subsidiaries.
*)      Sesuai dengan segmen-segmen operasi Bank Mandiri (Catatan 2ak).                                                   *)           In accordance with operating segments of Bank Mandiri (Note 2ak).                                        ****)   Untuk tahun yang berakhir pada tanggal 31 Desember 2023.                                                           ****)        For the year ended 31 December 2023.
**)     Termasuk komponen internal transfer pricing antar segmen operasi.                                                 **)          Include component of internal transfer pricing among operating segments.
***)    Termasuk eliminasi internal transfer pricing atau reklasifikasi antar segmen operasi dan eliminasi terhadap       ***)         Include elimination of internal transfer pricing or reclassification among operating segments and
        Entitas Anak.                                                                                                                  elimination for Subsidiaries.



PT BANK MANDIRI (PERSERO) TBK                                                                           1626                     347
                                                                                                                                                                                                                                                                                                                                                                       1627
                                                                                                                                                                                                                                                                                                                                                                          348                                                                          ANNUAL REPORT 2024
Page 536
         FINANCIAL STATEMENTS 2024


                                                    PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                    PT BANK MANDIRI (PERSERO) Tbk.
                                               DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                          DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                           NOTES TO THE CONSOLIDATED                                          CATATAN ATAS LAPORAN KEUANGAN                                                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                  FINANCIAL STATEMENTS                                        KONSOLIDASIAN                                                                                                           FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                  31 DECEMBER 2024 AND 2023                                       31 DESEMBER 2024 DAN 2023                                                                                           31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                         (Expressed in millions of Rupiah, unless otherwise stated)                                (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                  (Expressed in millions of Rupiah, unless otherwise stated)


57. INFORMASI SEGMEN (lanjutan)                                                57. SEGMENT INFORMATION (continued)                                                         57. INFORMASI SEGMEN (lanjutan)                                                         57. SEGMENT INFORMATION (continued)
                                                                                                                                                                               Segmen geografis (lanjutan)                                                               Geographical segment (continued)
     Segmen geografis                                                                  Geographical segment
                                                                                                                                                                               Informasi segmen geografis untuk periode yang                                             Information on geographical segment for the period
     Operasional utama Grup dikelola di wilayah                                        The Group’s main operations is managed in Indonesia,                                    berakhir pada tanggal 31 Desember 2023:                                                   ended 31 December 2023:
     Indonesia, Asia (Singapura, Hong Kong, Timor Leste,                               Asia (Singapore, Hong Kong, Timor Leste, Shanghai,                                                                                                                         2023
     Shanghai, Malaysia), Eropa Barat (Inggris), dan                                   Malaysia), West Europe (England), and Cayman
                                                                                                                                                                                                                                                              Eropa Barat/       Cayman          Konsolidasian/
     Cayman Islands. Informasi yang berkaitan dengan                                   Islands. Information concerning the geographical                                                                                   Indonesia            Asia           West Europe        Islands          Consolidated
     segmen berdasarkan geografis dari Grup disajikan                                  segments of the Group is set out in the table below:
                                                                                                                                                                               Laporan laba rugi dan                                                                                                                       Consolidated statements of
     dalam tabel di bawah ini:                                                                                                                                                    Penghasilan komprehensif                                                                                                                  profit or loss and other
                                                                                                                                                                                  lain konsolidasian                                                                                                                        comprehensive income
                                                                                                                                                                               Pendapatan bunga dan syariah                 126.198.202          4.408.807           167.059        1.770.402        132.544.470             Interest and sharia income
     Informasi segmen geografis untuk periode yang                                     Information on geographical segment for the period                                      Beban bunga dan syariah                      (33.676.303)        (2.184.649)         (103.294)        (693.650)       (36.657.896)            Interest and sharia expense
     berakhir pada tanggal 31 Desember 2024:                                           ended 31 December 2024:
                                                                                                                                                                               Pendapatan bunga dan
                                                                                                                                                                                 syariah - neto                              92.521.899         2.224.158             63.765        1.076.752         95.886.574         Net interest and sharia income
                                                                              2024                                                                                             Pendapatan premi - neto                        2.123.046                 -                  -                -          2.123.046                   Net premium income
                                                                                                                                                                               Pendapatan bunga dan syariah                                                                                                                     Net interest, sharia and
                                                                          Eropa Barat/        Cayman          Konsolidasian/                                                     dan premi - neto                            94.644.945         2.224.158             63.765        1.076.752         98.009.620                   premium income
                                        Indonesia         Asia            West Europe         Islands          Consolidated                                                    Pendapatan operasional lainnya:                                                                                                                 Other operating income:
                                                                                                                                                                                 Pendapatan provisi dan komisi               19.690.608           421.664                  -          36.138          20.148.410              Fees and commisions
                                                                                                                                                                                 Lainnya                                     20.043.935           229.068             11.736          89.697          20.374.436                              Others
     Laporan laba rugi dan                                                                                                             Consolidated statements of
                                                                                                                                                                               Total                                         39.734.543           650.732             11.736         125.835          40.522.846                                     Total
        Penghasilan komprehensif                                                                                                        profit or loss and other
        lain konsolidasian                                                                                                              comprehensive income                   (Pembentukan)/pembalikan                                                                                                                      (Allowance for)/reversal of
     Pendapatan bunga dan syariah        143.256.544        5.544.063            212.757         2.222.663        151.236.027            Interest and sharia income               cadangan kerugian                                                                                                                           impairment losses on
                                                                                                                                                                                  penurunan nilai aset                                                                                                                          financial assets and
     Beban bunga dan syariah             (45.035.523)     (3.371.107)          (137.362)         (935.115)        (49.479.107)           Interest and sharia expense              keuangan dan lainnya                       (9.868.305)         (269.532)            (6.513)          (4.357)       (10.148.707)                             others
                                                                                                                                                                               Keuntungan dari penjualan                                                                                                                    Gain on sale of marketable
     Pendapatan bunga dan                                                                                                                                                        efek-efek dan obligasi                                                                                                                              securities and
                                                                                                                                                                                 pemerintah                                     125.295                  -                   -              -            125.295            government bonds - net
       syariah - neto                     98.221.021        2.172.956             75.395         1.287.548        101.756.920        Net interest and sharia income
     Pendapatan premi - neto               2.520.813                -                  -                 -          2.520.813                  Net premium income              Beban operasional lainnya:                                                                                                                Other operating expenses:
                                                                                                                                                                                                                                                                                                                  Salaries and employee benefit
     Pendapatan bunga dan syariah                                                                                                            Net interest, sharia and               Beban gaji dan tunjangan                (24.154.647)         (216.132)           (36.322)         (15.988)       (24.423.089)                  expenses
                                                                                                                                                                                    Beban umum, administrasi                                                                                                             General, administrative
       dan premi - neto                  100.741.834        2.172.956             75.395         1.287.548        104.277.733                   premium income                        dan lainnya                           (29.244.031)         (163.475)           (17.827)         (19.069)       (29.444.402)       expenses and others
     Pendapatan operasional lainnya:                                                                                                        Other operating income:
       Pendapatan provisi dan komisi      22.913.886         527.229                     -          6.405          23.447.520              Fees and commisions                 Total                                        (53.398.678)         (379.607)           (54.149)         (35.057)       (53.867.491)                                    Total
       Lainnya                            18.343.628         272.474                 9.813         97.580          18.723.495                              Others
                                                                                                                                                                               Pendapatan/(beban) bukan                                                                                                                          Non operating income/
                                                                                                                                                                                 operasional - neto                             950.259          (427.329)                 -         (479.612)            43.318                    (expense) - net
     Total                                41.257.515         799.703                 9.813        103.985          42.171.015                                     Total        Beban pajak                                  (14.371.652)         (258.604)            (2.755)               -        (14.633.011)                        Tax expense

     (Pembentukan)/pembalikan                                                                                                             (Allowance for)/reversal of          Laba bersih                                   57.816.407         1.539.818             12.084         683.561          60.051.870                             Net income
        cadangan kerugian                                                                                                                  impairment losses on
        penurunan nilai aset                                                                                                                 financial assets and              Laba bersih yang dapat
        keuangan dan lainnya             (11.314.308)       (615.051)                 355                -        (11.929.004)                             others                 diatribusikan kepada:                                                                                                                    Net income attributable to:
                                                                                                                                                                               Kepentingan nonpengendali                                -                -                   -              -          4.991.813                Non-controlling interest
                                                                                                                                                                               Pemilik Entitas Induk                                    -                -                   -              -         55.060.057                         Parent Entity
     Keuntungan dari penjualan                                                                                                           Gain on sale of marketable
       efek-efek dan obligasi                                                                                                                     securities and               Laporan posisi keuangan                                                                                                                     Consolidated statement of
       pemerintah                             149.256            1.041                   -               -             150.297           government bonds - net                   Konsolidasian                                                                                                                                 financial position
                                                                                                                                                                               Kredit yang diberikan dan                                                                                                                             Loans and sharia
     Beban operasional lainnya:                                                                                                           Other operating expenses:               piutang/pembiayaan                                                                                                                                   receivables/
                                                                                                                                                                                  syariah- bruto                          1.273.106.236        57.617.329            715.716       28.392.914      1.359.832.195                  financing - gross
                                                                                                                                   Salaries and employee benefit               Total aset                                 2.044.454.812        88.426.438          4.047.572       37.290.627      2.174.219.449                          Total assets
        Beban gaji dan tunjangan         (23.681.058)       (254.407)           (41.119)          (14.179)        (23.990.763)                      expenses
        Beban umum, administrasi                                                                                                          General, administrative                                                                                                                                                        Demand deposits and wadiah
          dan lainnya                    (34.386.919)       (185.828)           (24.756)          (22.180)        (34.619.683)           expenses and others                   Giro dan giro wadiah                        (544.200.253)        (7.917.572)         (241.331)               -       (552.359.156)                demand deposits
                                                                                                                                                                               Tabungan dan tabungan                                                                                                                      Saving deposits and wadiah
                                                                                                                                                                                  wadiah                                   (506.286.183)        (3.005.306)                  -              -       (509.291.489)                 saving deposits
     Total                               (58.067.977)       (440.235)           (65.875)          (36.359)        (58.610.446)                                    Total        Deposito berjangka                          (286.387.272)        (3.410.232)                  -              -       (289.797.504)                      Time deposits

     Pendapatan/(beban) bukan                                                                                                                 Non operating income/
                                                                                                                                                                               Total simpanan nasabah                    (1.336.873.708)       (14.333.110)         (241.331)               -      (1.351.448.149)        Total deposit from customers
       operasional - neto                   1.014.015        (79.245)                  -          (590.879)            343.891                   (expense) - net               Total liabilitas                          (1.570.259.063)       (71.526.098)       (3.240.265)     (15.417.389)     (1.660.442.815)                        Total liabilities
     Beban pajak                         (14.919.990)       (314.704)            (3.671)                 -        (15.238.365)                        Tax expense
                                                                                                                                                                               *)
                                                                                                                                                                                    Untuk tahun yang berakhir pada tanggal 31 Desember 2023.                                                                   *)
                                                                                                                                                                                                                                                                                                                     For the year ended 31 December 2023.
     Laba bersih                          58.860.344        1.524.465             16.017          764.295          61.165.121                             Net income


     Laba bersih yang dapat
        diatribusikan kepada:                                                                                                          Net income attributable to:         58. JAMINAN PEMERINTAH TERHADAP LIABILITAS                                              58. GOVERNMENT GUARANTEE FOR PAYMENT
     Kepentingan nonpengendali                       -               -                   -               -          5.382.379               Non-controlling interest
     Pemilik Entitas Induk                           -               -                   -               -         55.782.742                        Parent Entity
                                                                                                                                                                               PEMBAYARAN BANK UMUM                                                                    OBLIGATIONS OF COMMERCIAL BANKS

     Laporan posisi keuangan                                                                                                            Consolidated statement of              Berdasarkan Undang-undang Republik Indonesia No.                                          Based on the Law of the Republic of Indonesia No. 24
        Konsolidasian                                                                                                                        financial position                24 tahun 2004 tanggal 22 September 2004                                                   year 2004 dated 22 September 2004 as amended by
     Kredit yang diberikan dan                                                                                                                    Loans and sharia
        piutang/pembiayaan                                                                                                                          receivables/               sebagaimana telah diubah oleh Peraturan Pemerintah                                        Government Regulation in Lieu of Law No. 3 year 2008
        syariah- bruto                 1.517.435.476       75.116.822            672.234        29.992.080      1.623.216.612                  financing - gross               Pengganti Undang-undang Republik Indonesia No. 3                                          concerning Amendments to Law No. 24 year 2004
     Total aset                        2.275.077.684      106.434.035          4.210.018        41.501.525      2.427.223.262                          Total assets            tahun 2008 tentang Perubahan atas Undang-undang                                           regarding the Deposit Insurance Corporation. The
                                                                                                                                      Demand deposits and wadiah
                                                                                                                                                                               No. 24 tahun 2004 tentang Lembaga Penjamin                                                Government of Republic Indonesia has established an
     Giro dan giro wadiah               (560.332.344)      (8.174.487)           (69.178)                -       (568.576.009)                demand deposits                  Simpanan, Pemerintah telah membentuk lembaga                                              independent agency called Deposit Insurance
     Tabungan dan tabungan                                                                                                             Saving deposits and wadiah              penjaminan independen, yaitu Lembaga Penjamin                                             Corporation (“LPS”), LPS guarantee public funds,
        wadiah                          (576.968.536)      (3.223.260)                   -               -       (580.191.796)                 saving deposits                 Simpanan (“LPS”) untuk menjamin dana masyarakat                                           including funds from other banks in form of demand
     Deposito berjangka                 (292.929.427)      (4.537.725)                   -               -       (297.467.152)                      Time deposits
                                                                                                                                                                               termasuk dana dari bank lain dalam bentuk giro,                                           deposits, time deposits, certificates of deposit, savings
                                                                                                                                                                               deposito, sertifikat deposito, tabungan dan/atau                                          and/or other equivalent deposits.
     Total simpanan nasabah             (1.430.230.307)    (15.935.472)           (69.178)               -       (1.446.234.957)       Total deposit from customers            bentuk lainnya yang dipersamakan dengan itu.
     Total liabilitas                  (1.751.615.503)    (88.871.873)        (3.337.396)      (16.583.544)     (1.860.408.316)                        Total liabilities



PT BANK MANDIRI (PERSERO) TBK                                     1628            349                                                                                                                                                                          1629
                                                                                                                                                                                                                                                                  350                                                 ANNUAL REPORT 2024
Page 537
         FINANCIAL STATEMENTS 2024


                                                 PT BANK MANDIRI (PERSERO) Tbk.
                                            DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                              PT BANK MANDIRI (PERSERO) Tbk.
                                                                                                                                                                                             DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                             FINANCIAL STATEMENTS                           CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
31 DESEMBER 2024 DAN 2023                                                                             31 DECEMBER 2024 AND 2023                          KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                    (Expressed in millions of Rupiah, unless otherwise stated)                   31 DESEMBER 2024 DAN 2023                                                                  31 DECEMBER 2024 AND 2023
                                                                                                                                                         (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)         (Expressed in millions of Rupiah, unless otherwise stated)
58. JAMINAN PEMERINTAH TERHADAP LIABILITAS                                58. GOVERNMENT               GUARANTEE FOR PAYMENT
    PEMBAYARAN BANK UMUM (lanjutan)                                           OBLIGATIONS              OF   COMMERCIAL BANKS
                                                                              (continued)                                                                60. KEGIATAN       JASA     KUSTODIAN        DAN      WALI      60. CUSTODIAN SERVICES AND TRUST OPERATIONS
                                                                                                                                                             AMANAT
     Berdasarkan Salinan Peraturan Lembaga Penjamin                            Based on the LPS No. 1/PLPS/2023 dated 22 May
     Simpanan No. 1/PLPS/2023 tanggal 22 Mei 2023                              2023 regarding the Deposit Guarantee Program, the
     tentang Program Penjaminan Simpanan, besarnya                             maximum guaranteed amount for each customer in one                            Kegiatan Jasa Kustodian                                           Custodian Services
     saldo yang dijamin untuk setiap nasabah pada satu                         bank is Rp2,000,000,000 (full amount).
     bank adalah paling tinggi sebesar Rp2.000.000.000                                                                                                       Bank Mandiri telah memberikan Jasa Kustodian sejak                Bank       Mandiri     started     providing  Custodian
     (nilai penuh).                                                                                                                                          tahun 1995. Surat izin operasi telah diperbaharui oleh            Services since 1995. The operating license was
     Suku bunga simpanan LPS pada tanggal                                      The     interest    rate    of    LPS      as     of                          Bapepam dan LK berdasarkan Surat Keputusan                        renewed by Capital Market and Financial Institutions
     31 Desember 2024 dan 2023 masing-masing adalah                            31 December 2024 and 2023 for deposits denominated                            No. KEP.01/PM/Kstd/1999 tertanggal 4 Oktober 1999.                Supervisory         Board      based       on   Decree
     sebesar 4,25% dan 4,25% untuk simpanan dalam                              in Rupiah is 4.25% and 4.25%, respectively, for                               Kustodian Bank Mandiri merupakan bagian dari unit                 No. KEP.01/PM/Kstd/1999 dated 4 October 1999. Bank
     mata uang Rupiah dan masing-masing sebesar                                deposits denominated in foreign currencies is 2.25%                           kerja Financial Institutions Business Group dimana                Mandiri’s Custodian, which is the part of Financial
     2,25% dan 2,25% untuk simpanan dalam mata uang                            and 2.25%, respectively.
                                                                                                                                                             jasa-jasa yang ditawarkan adalah sebagai berikut:                 Institutions Business Group, provides a full range of
     asing.
                                                                                                                                                                                                                               Custodian Services as follows:
                                                                                                                                                             a. Penyelesaian transaksi (settlement) jual dan beli              a. Settlement and handling services for script and
59. TAMBAHAN INFORMASI ARUS KAS                                            59. ADDITIONAL INFORMATION OF CASH FLOWS                                             efek dengan maupun tanpa warkat (scripless).                         scripless trading transactions;
                                                                                                                                                             b. Penyimpanan (safekeeping) dan administrasi                     b. Safekeeping and administration of marketable
    a.    Perubahan liabilitas pada aktivitas pendanaan                        a. Changes of liabilities in financing activities
                                                                                                                                                                (administration) atas efek-efek maupun dokumen                       securities and other valuable assets;
          Perubahan pada liabilitas yang timbul dari                               Changes in liabilities arising from financing                                berharga lainnya.
          aktivitas pendanaan pada laporan arus kas                                activities in the consolidated statement of cash flow                     c. Pengurusan hak-hak nasabah atas kepemilikan                    c.   Corporate action services which starting from
          konsolidasian adalah sebagai berikut:                                    are as follow:                                                               efek-efek yang disimpan sampai dengan hak                           administrating the safekeeping of customer’s
                                                                           Non-arus kas/Non-cash flow                                                           tersebut efektif di rekening nasabah (corporate                     ownership right on marketable securities until that
                                                                                                                                                                action).                                                            right become effective in the customer’s account;
                                            1 Januari                     Selisih kurs/                       31 Desember
                                              2024/                        Differences                            2024/                                      d. Perwalian (proxy) pada Rapat Umum Pemegang                     d.   Proxy services for its customers’ in General
                                            1 January     Arus kas/           due to        Lainnya/          31 December                                       Saham dan Rapat Umum Pemegang Obligasi.                             Meeting of Shareholders and General Meeting of
                                               2024       Cash flow       exchange rate      Others               2024
                                                                                                                                                                                                                                    Bondholders;
          Efek-efek yang diterbitkan         50.317.764    (10.621.275)       1.440.279           4.299          41.141.067  Debt securities issued          e. Penyampaian laporan (reporting) dan informasi                  e.   Reporting and information submission related to
          Pinjaman yang diterima             95.445.459     50.822.496        1.766.126        (118.100)        147.915.981        Fund borrowing               (information) yang terkait dengan efek-efek                         the customers’ marketable securities and/or other
          Pinjaman dan efek-efek                                                                                            Subordinated loans and
             subordinasi                       415.171         (16.887)           5.167            111              403.562 marketable securities               dan/atau dokumen berharga milik nasabah yang                        valuable assets which are kept and administered
          Liabilitas atas efek-efek                                                                                                 Securities sold             disimpan dan diadministrasikan oleh kustodian                       by Bank Mandiri’s custodian.
             yang dijual dengan                                                                                             under agreements to
             janji dibeli kembali            36.330.064    53.371.351           554.810                 -        90.256.225 repurchase liabilities              Bank Mandiri.
          Total liabilitas dari aktivitas                                                                                       Total liabilities from
            pendanaan                       182.508.458    93.555.685         3.766.382        (113.690)        279.716.835   financing activities           Untuk memenuhi kebutuhan investor dalam                           In order to fulfill the investors’ needs in investing on
                                                                                                                                                             melakukan investasi pada berbagai instrumen efek-                 various marketable securities instruments, Bank
                                                                           Non-arus kas/Non-cash flow                                                        efek, Kustodian Bank Mandiri memfasilitasinya                     Mandiri’s Custodian facilitate it through provisions of
                                            1 Januari                     Selisih kurs/                       31 Desember
                                                                                                                                                             dengan menyediakan beragam layanan:                               various services as follow:
                                              2023/                        Differences                            2023/                                      a. Kustodian umum untuk melayani investor yang                    a. General custodian which provide services for
                                            1 January     Arus kas/           due to        Lainnya/          31 December                                        melakukan investasi pada instrumen pasar modal                     investors who are investing in capital market or
                                               2023       Cash flow       exchange rate      Others               2023
                                                                                                                                                                 maupun pasar uang di Indonesia.                                    money market in Indonesia.
          Efek-efek yang diterbitkan         45.774.139     4.545.379           (46.047)         44.293          50.317.764  Debt securities issued          b. Kustodian lokal untuk American Depository                      b. Local custodian for American Depository Receipts
          Pinjaman yang diterima             62.840.118    32.233.688           366.834           4.819          95.445.459        Fund borrowing                Receipts (ADR) dan Global Depository Receipts                      (ADR) and Global Depository Receipts (GDR)
          Pinjaman dan efek-efek                                                                                            Subordinated loans and
             subordinasi                       633.333       (217.151)             (678)           (333)            415.171 marketable securities                (GDR) yang dibutuhkan oleh investor yang akan                      which is needed by the investors to convert the
          Liabilitas atas efek-efek                                                                                                 Securities sold              melakukan konversi dari saham perusahaan yang                      companies’ shares which are listed in local and
             yang dijual dengan                                                                                             under agreements to
             janji dibeli kembali            24.325.475    11.611.121          (352.682)        746.150          36.330.064 repurchase liabilities               terdaftar di bursa lokal dan luar negeri (dual/multi               overseas stock exchange (dual/multi listing).
                                                                                                                                                                 listing).
          Total liabilitas dari aktivitas                                                                                       Total liabilities from
            pendanaan                       133.573.065    48.173.037           (32.573)        794.929         182.508.458   financing activities           c. Sub-Registry untuk melayani investor yang                      c.   Sub-Registry which provide services for investors
                                                                                                                                                                 melakukan transaksi dan investasi pada Surat                       that conduct transaction and investment in
    b.    Penerimaan bersih dari pengalihan pengendalian                       b. Net proceeds from control transfer of a Subsidiary                             Utang Negara (SUN, baik Obligasi Negara                            Government Bonds (either in form of Bonds or
          atas Entitas Anak                                                                                                                                      maupun Surat Perbendaharaan Negara) serta                          Treasury Bills) and Bank Indonesia Certificates
                                                                                                                                                                 Sertifikat Bank Indonesia (SBI).                                   (Sertifikat Bank Indonesia (SBI)).
          Tabel berikut ini merupakan rekonsiliasi arus kas                        The following table is the reconciliation of cash flow                    d. Kustodian mutual fund (reksa dana) dan                         d.   Custodian for mutual funds and discretionary fund
          yang diperoleh dan dilepaskan dalam pengalihan                           received and released from control transfer of a
                                                                                                                                                                 discretionary fund (kontrak pengelolaan dana)                      issued and managed by investment manager;
          pengendalian atas Entitas Anak:                                          Subsidiary:
                                                                                                                                                                 yang diterbitkan dan dikelola oleh manajer
                                                                           2024                                                                                  investasi.
                                                                                                                                                             e. Kustodian Euroclear bagi nasabah yang akan                     e.   Custodian of Euroclear for customer who is
          Imbalan kas yang diterima (Catatan 1g)                              1.710.000            Cash consideration received (Note 1g)                         melakukan investasi dan penyelesaian transaksi                     conducting investment and settlement of securities
          Dikurangi saldo kas Entitas Anak                                                              Less cash balance of Subsidiary
            yang dialihkan pengendaliannya                                     (758.716)                 in which control is transferred                         efek-efek yang tercatat di Euroclear Operations                    transactions registered at the Euroclear Operations
                                                                                                                                                                 Centre, Brussels. Kustodian Bank Mandiri                           Centre, Brussels. Bank Mandiri’s Custodian is a
          Penerimaan bersih dari pengalihan                                                                 Net proceeds from control transfer                   merupakan direct member dari Euroclear.                            direct member of Euroclear.
            pengendalian atas Entitas Anak                                       951.284                                      of Subsidiary


PT BANK MANDIRI (PERSERO) TBK                                 1630          351                                                                                                                                         1631                                      ANNUAL REPORT 2024
                                                                                                                                                                                                                           352
Page 538
        FINANCIAL STATEMENTS 2024


                                                                                                                                                                  PT BANK MANDIRI (PERSERO) Tbk.
                                         PT BANK MANDIRI (PERSERO) Tbk.                                                                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
                                                                                                                          CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED             KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS           31 DESEMBER 2024 DAN 2023                                                                  31 DECEMBER 2024 AND 2023
31 DESEMBER 2024 DAN 2023                                                              31 DECEMBER 2024 AND 2023          (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)         (Expressed in millions of Rupiah, unless otherwise stated)
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)     (Expressed in millions of Rupiah, unless otherwise stated)

                                                                                                                          60. KEGIATAN JASA           KUSTODIAN        DAN     WALI       60. CUSTODIAN SERVICES AND TRUST OPERATIONS
60. KEGIATAN JASA               KUSTODIAN    DAN     WALI   60. CUSTODIAN SERVICES AND TRUST OPERATIONS                       AMANAT (lanjutan)                                               (continued)
    AMANAT (lanjutan)                                           (continued)
                                                                                                                              Kegiatan Wali Amanat (lanjutan)                                  Trustee Agent Operations (continued)
     Kegiatan Jasa Kustodian (lanjutan)                        Custodian Services (continued)
                                                                                                                              Untuk periode yang berakhir pada tanggal                         As of 31 December 2024, Bank Mandiri as the Trustee
     Untuk memenuhi kebutuhan investor dalam                   In order to fulfill the investors’ needs in investing on       31 Desember 2024, Bank Mandiri selaku Wali Amanat                manage 110 customers with the total value of bonds
     melakukan investasi pada berbagai instrumen efek-         various marketable securities instruments, Bank                mengelola 110 emisi Obligasi dan MTN dengan nilai                and MTN issued based on currency amounted
     efek, Kustodian Bank Mandiri memfasilitasinya             Mandiri’s Custodian facilitate it through provisions of
     dengan menyediakan beragam layanan (lanjutan):            various services as follow (continued):                        emisi berdasarkan mata uang sebesar Rp69.389.196                 Rp69,389,196 and for the year ended 31 December
     f. Kustodian Pinjam Meminjam Efek (securities             f. Securities lending and borrowing as services for            dan untuk tahun yang berakhir pada tanggal                       2023 managed 111 customers with the total value of
         lending and borrowing) bagi nasabah yang ingin             customers who want to maximise their investment           31 Desember 2023 mengelola 111 emisi Obligasi dan                bonds and MTN issued amounted Rp69,296,068.
         memaksimalkan hasil investasinya dengan                    return by lending their securities to securities          MTN dengan nilai emisi sebesar Rp69.296.068.
         meminjamkan efek-efeknya (saham) kepada                    companies through intermediary and guarantee of
         perusahaan sekuritas melalui perantara dan                 PT Kliring Penjaminan Efek Indonesia (PT KPEI).           Baik wali amanat maupun kustodian Bank Mandiri                   Both Bank Mandiri’s trustee operations and custodian
         penjaminan PT Kliring Penjaminan Efek
         Indonesia (PT KPEI).                                                                                                 telah mendapat sertifikasi standar mutu pelayanan                services have received quality certification ISO
     g. Kustodian Exchange Traded Fund (ETF) yang              g.   Custodian for Exchange Traded Fund (ETF) which            ISO 9001:2015.                                                   9001:2015.
         diterbitkan dan dikelola oleh manajer investasi            issued and managed by an investment manager
         dimana unit penyertaannya diperdagangkan di                where the unit of participation will be traded on         Kegiatan Usaha Bank Berupa Penitipan Dengan                      Trust Services
         bursa.                                                     stock exchange.                                           Pengelolaan (Trust)
     h. Jasa Kustodian Efek Beragun Aset (EBA)                 h.   Custodian for Asset Backed Securities (Efek
         berbentuk Kontrak Investasi Kolektif (KIK) yang            Beragun Aset (EBA)) in the form of Collective
         diterbitkan oleh manajer investasi dan bank                Investment Contract (Kontrak Investasi Kolektif           Merupakan layanan penitipan dengan pengelolaan                   Bank’s trust service is the custodian services of
         kustodian dalam rangka transaksi sekuritisasi              (KIK)) which was issued by the investment                 atas harta milik nasabah (settlor) berdasarkan                   customer’s assets portfolio (settlor) based on a written
         aset yang dimiliki perbankan atau lembaga                  manager and custodian bank in relation to asset           perjanjian tertulis antara Bank Mandiri sebagai trustee          agreement between the Bank Mandiri as the trustee
         keuangan lainnya.                                          securitisation transactions owned by banks or             dan nasabah untuk kepentingan pihak yang                         and customer’s for the benefits of beneficiary.
                                                                    other financial institutions.                             menerima manfaat (beneficiary).

     Pada tanggal 31 Desember 2024 dan 2023, kustodian         As of 31 December 2024 and 2023, Bank Mandiri’s                Bank Mandiri telah mendapatkan izin prinsip dan                  Bank Mandiri has obtained the license principle and
     Bank Mandiri memiliki 19.460 dan 16.846 nasabah           Custodian has 19,460 and 16,846 customers,                     surat penegasan layanan trust berdasarkan Surat                  confirmation letter for the trust services based on Bank
     yang terdiri dari dana pensiun, perusahaan asuransi,      respectively, which consist of pension funds, insurance        Bank Indonesia No. 15/30/DPB1/PB1-1 tanggal                      Indonesia’s Letter No. 15/30/DPB1/PB1-1 dated
     bank, yayasan, perusahaan sekuritas, reksa dana,          companies, banks, foundation, securities companies,            26 April 2013 dan No. 15/32/DPB1/PB1-1 tanggal                   26 April 2013 and No. 15/32/DPB1/PB1-1 dated
     institusi/badan hukum lain maupun perseorangan.           mutual funds, other institution/legal entities and             28 Agustus 2013.                                                 28 August 2013.
     Nilai portofolio berdasarkan mata uang yang disimpan      individual customer. Total portfolio by currencies as of
     pada tanggal 31 Desember 2024 sebesar                     31 December 2024 are amounted to Rp642,827,813,                Fungsi dari Layanan Trust Bank Mandiri adalah                    Functions of Bank Mandiri Trust Service are:
     Rp642.827.813, USD5.356 dan EUR0,1 dan pada               USD5,356 and EUR0.1 and as of 31 December 2023                 sebagai:
     tanggal 31 Desember 2023 sebesar Rp583.282.609,           are amounted to Rp583,282,609, USD2,844 and                    a. Agen pembayar (paying agent) yaitu kegiatan                   a.   Paying agent is the activity of receiving and
     USD2.844 dan EUR0,6. Aset yang disimpan dalam             EUR0.6. Assets kept in custodian services activities are           menerima dan melakukan pemindahan uang                            transferring money and/or funds, as well as
     kegiatan jasa kustodian tidak termasuk dalam laporan      not included in the consolidated financial statement of            dan/atau dana, serta mencatat arus kas masuk                      recording cash in and cash out for and on behalf of
     posisi keuangan konsolidasian Bank Mandiri dan            Bank Mandiri and its Subsidiaries.                                 dan kas keluar untuk dan atas nama nasabah                        the customer (settlor).
     Entitas Anak.                                                                                                                (settlor).
                                                                                                                              b. Agen investasi (investment agent) yaitu                       b.   Investment agent is the activity of placing,
     Bank Mandiri mengasuransikan portofolio nasabah           Bank Mandiri has insured the customer’s portfolio kept             kegiatan menempatkan, mengkonversi, dan                           converting, and administering the placement of
     yang disimpan di kustodian terhadap kemungkinan           in custodians against potential losses arising from                mengadministrasikan penempatan dana untuk                         funds for and on behalf of the customer (settlor).
     kerugian yang timbul dari penyimpanan dan                 safekeeping and transfer of securities in accordance               dan atas nama nasabah (settlor).
     pemindahan efek-efek sesuai dengan ketentuan              with the Financial Services Authority’s regulation.
     Otoritas Jasa Keuangan.                                                                                                  Layanan Trust Bank Mandiri juga mengelola nasabah                Bank Mandiri’s Trust Service also managing customers
                                                                                                                              dari berbagai segmen, mencakup oil and gas                       from various segments, including oil and gas company,
     Kegiatan Wali Amanat                                      Trustee Agent Operations                                       company, corporate dan commercial, juga nasabah                  corporate and commercial, as well as non-profit
                                                                                                                              non-profit organisation untuk kegiatan pendistribusian           organisation customers for the distribution of gas sales
                                                                                                                              hasil penjualan gas, jual-beli/akuisisi perusahaan,              proceeds, company sales/acquisition, and pooling of
     Bank Mandiri telah memberikan Jasa Wali Amanat            Bank Mandiri has been providing Trustee Agent
                                                                                                                              penampungan untuk dana bantuan luar negeri dan                   funds for foreign aid and others.
     sejak tahun 1983. Surat izin operasi untuk kegiatan       Operations Services since 1983. The operating license
                                                                                                                              sebagainya.
     wali amanat telah diperbaharui dan didaftarkan            for trust services was renewed and re-registered in
     kembali ke Bapepam dan LK berdasarkan Surat               Decree of Capital Market and Financial Institutions
     Keputusan No. 17/STTD-WA/PM/1999 tertanggal               Supervisory Board based on Decree No. 17/STTD-             61. KREDIT PENERUSAN (CHANNELING LOANS)                         61. CHANNELING LOANS
     27 Oktober 1999. Jasa-jasa yang ditawarkan adalah         WA/PM/1999 dated 27 October 1999. The type of
     sebagai berikut:                                          services are as follows:                                       Kredit penerusan berdasarkan sumber dana dan                     Channeling loans based on sources of funds and
     a. Jasa wali amanat dan agen pemantau untuk               a. Trustee agent for bonds and Medium Term Notes               sektor ekonomi adalah sebagai berikut:                           economic sectors are as follows:
         penerbitan Obligasi dan Medium Term Notes                  (MTN) issuance
         (MTN)                                                                                                                                                                 2024                   2023
     b. Jasa agen pengelola rekening penampungan               b.   Escrow agent
     c. Jasa agen pembayaran                                   c.   Paying agent                                              Pemerintah:                                                                                                Government:
     d. Jasa penampungan dana IPO/Initial Public               d.   Initial Public Offering/IPO (receiving bank)                Pertanian                                            157.614             163.293                         Agriculture
         Offering                                                                                                               Industri                                              14.543              14.543                       Manufacturing
     e. Jasa agen penjaminan                                   e.   Security agent
                                                                                                                                                                                     172.157             177.836



PT BANK MANDIRI (PERSERO) TBK                        1632                                                                                                                               163354                                    ANNUAL REPORT 2024
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          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                           PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                 DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED              CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS            KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                               31 DECEMBER 2024 AND 2023           31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)      (Expressed in millions of Rupiah, unless otherwise stated)    (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)        (Expressed in millions of Rupiah, unless otherwise stated)


61. KREDIT PENERUSAN              (CHANNELING     LOANS)     61. CHANNELING LOANS (continued)                               61. KREDIT PENERUSAN           (CHANNELING        LOANS)      61. CHANNELING LOANS (continued)
    (lanjutan)                                                                                                                  (lanjutan)

                                                                                                                                Kredit penerusan tidak disajikan dalam laporan posisi         Channeling loans are not presented in the consolidated
     Bank Mandiri telah ditunjuk untuk menatausahakan           Bank Mandiri has been appointed to administer the               keuangan konsolidasian karena Bank Mandiri dan                statement of financial position since the credit risk are
     kredit kelolaan yang diterima oleh Pemerintah              loans received by the Government of the Republic of             Entitas Anak tidak menanggung risiko atas kredit              not borne by the Bank and its Subsidiaries. In
     Indonesia dengan beberapa skema yang saat ini              Indonesia through several existing schemes as follows:          tersebut. Berdasarkan perjanjian tersebut di atas,            accordance to the agreement mentioned above, Bank
     (existing) yaitu sebagai berikut:                                                                                          Bank Mandiri bertugas melakukan penagihan kepada              Mandiri is responsible to bill the debtors and made
     1. Penerusan pinjaman Kementerian Keuangan                 1.   Channeling loans from the Ministry of Finance in           debitur dan menyetorkan kembali kepada Pemerintah             payments to the Government in the principal, including
          dalam berbagai mata uang dari beberapa                     various currencies from several bilateral and              pembayaran pokok kredit, termasuk bunga dan                   the interest and other charges such as loan
          lembaga keuangan bilateral dan multilateral                multilateral financial institutions to finance             beban-beban lainnya serta pengelolaan dokumentasi             documentation management. As compensation, Bank
          untuk membiayai proyek-proyek Pemerintah                   Government projects through State Owned                    kredit. Sebagai gantinya, Bank Mandiri akan                   Mandiri receives banking fee which varies from 0.50% -
          melalui BUMN, BUMD dan Pemda, antara lain:                 Enterprises, Region Owned Enterprises and                  menerima jasa perbankan (banking fee) yang berkisar           2%.
          Asian Development Bank, Banque Français &                  Regional      Government,     such     as:     Asian       antara 0,50% - 2%.
          Credit National, Barclays, BNP Paribas, BNP                Development Bank, Banque Français & Credit
          Paribas & CAI Belgia, Calyon & BNP Paribas,                National, Barclays, BNP Paribas, BNP Paribas &
          Commonwealth         Development    Corporation            CAI     Belgium,    Calyon    &    BNP      Paribas,   62. MANAJEMEN RISIKO                                          62. RISK MANAGEMENT
          (“CDC”) NES, Export Finance and Insurance                  Commonwealth Development Corporation (“CDC”)
                                                                                                                                Bank Mandiri menerapkan manajemen risiko yang                 Bank      Mandiri   implements    independent     risk
          Corporation (“EFIC”) Australia, International              NES, Export Finance and Insurance Corporation
                                                                                                                                independen dan sesuai dengan standar yang merujuk             management in accordance with standards that refer to
          Development Association (“IDA”), International             (“EFIC”) Australia, International Development
                                                                                                                                pada ketentuan dari OJK, Bank Indonesia serta best            the regulations of FSA, Bank Indonesia regulation and
          Bank for Reconstruction and Development,                   Association (“IDA”), International Bank for
                                                                                                                                practices yang diterapkan di perbankan internasional.         international banking best practices. Bank Mandiri
          Japan Bank for International Cooperation,                  Reconstruction and Development, Japan Bank for
                                                                                                                                Bank Mandiri menggunakan konsep Enterprise Risk               adopts the Enterprise Risk Management (“ERM”)
          Kreditanstalt Fur Wiederaufbau, Nederlands                 International Cooperation, Kreditanstalt Fur               Management (“ERM”) sebagai salah satu strategi                concept as comprehensive and integrated risk
          Urban Sector Loan & De Nederlandse                         Wiederaufbau, Nederlands Urban Sector Loan &               manajemen risiko yang komprehensif dan terintegrasi,          management strategy which is customised with the
          Inveseringsbank voor Ontwikkelingslanden NV,               De       Nederlandse      Inveseringsbank       voor       yang disesuaikan dengan kebutuhan bisnis dan                  Bank’s business and operational needs. ERM
          Pemerintah Swiss, RDI - KI, Spanyol, U.B                   Ontwikkelingslanden NV, Swiss Government, RDI -            operasional Bank. Penerapan ERM akan memberikan               implementation provides value added benefits to the
          Denmark, US Export Import Bank dan Overseas                KI, Spain, UB Denmark, US Export Import Bank               nilai tambah (value added) bagi Bank dan                      Bank’s and its stakeholders.
          Economic       Cooperation    Fund.     Namun              and Overseas Economic Cooperation Fund.                    stakeholders.
          berdasarkan Peraturan Menteri Keuangan                     However, based on the Regulation of the Minister
          No. 40/PMK.05/2015 tanggal 6 Maret 2015                    of Finance No. 40/PMK.05/2015 dated 6 March                ERM adalah sebuah proses pengelolaan risiko yang              ERM is a risk management process embedded in
          bahwa terhitung mulai tanggal 1 Oktober 2015               2015, stated starting from 1 October 2015 the              melekat dalam proses bisnis Bank, artinya pengelolaan         business strategies and operations that are integrated
          pengelolaan penatausahaan pinjaman luar negeri             administration of overseas loans are managed by            risiko menjadi bagian yang menyatu dalam                      in the Bank’s daily business decision making
          dilakukan oleh Kementerian Keuangan, kecuali               the Ministry of Finance, except loans in the form of       pengambilan keputusan bisnis Bank sehari-hari.                processes. With ERM, the Bank establishes a
          pinjaman dalam bentuk Project Aid BI.                      BI Project Aid.                                            Dengan ERM, Bank akan memiliki kerangka kerja                 systematic and comprehensive risk management
                                                                                                                                pengelolaan risiko yang sistematis dan menyeluruh             framework (credit risk, market risk, and operational risk)
     2.    Penerusan pinjaman eksproyek Perusahaan Inti         2.   Channeling loans from former of Perusahaan Inti            (risiko kredit, risiko pasar, dan risiko operasional)         by connecting the capital management and business
           Rakyat (“PIR”) tetap ada kepada petani dalam              Rakyat (“PIR”) are still exists to farmers for             dengan menghubungkan pengelolaan modal dan                    processes with the risks in holistic approach. In
           rangka pembangunan kebun rakyat yang meliputi             community plantation development which includes            proses bisnis dengan risiko yang dihadapi secara utuh.        addition, ERM also applies integrated risk management
           proyek Nucleus Estate & Smallholder (“NES”)               the Nucleus Estate & Smallholder (“NES”) ADB               Selain itu, ERM juga menerapkan pengelolaan risiko            for the Subsidiaries, to maximise the effectiveness of
           ADB, PIR Khusus dan PIR Lokal. Bank Mandiri               project, Special PIR and Local PIR. Bank Mandiri           secara terintegrasi dengan Entitas Anak untuk                 supervision and value creation to the Bank based on
           sebagai penatausaha pengembalian Piutang                  as the administrator for the repayment of                  memaksimalkan efektivitas pengawasan dan nilai                POJK No. 45/POJK.03/2020 concerning Financial
           Negara pada Petani PIR tetap ada, dimana                  receivables to PIR Farmers continues to exist,             perusahaan berdasarkan POJK No. 45/POJK.03/2020               Conglomeration.
           Kementerian Keuangan sebagai pengelola                    whereas the Ministry of Finance is managing the            tentang Konglomerasi Keuangan.
           pengembalian piutang negara kepada petani dan             repayment of receivables to farmers and the
           Kementerian Pertanian sebagai pengelola teknis            Ministry of Agriculture is managing the technical          Kerangka pengelolaan risiko Bank mengacu pada                 The Bank’s risk management framework is based on
           pelaksanaan proyek PIR tetap ada. Untuk                   execution of the PIR Project still exist. The              POJK No. 18/POJK.03/2016 tentang Penerapan                    POJK         No.        18/POJK.03/2016    concerning
           penyaluran pinjaman Perusahaan Inti Rakyat                distribution of Perusahaan Inti Rakyat Perkebunan          Manajemen Risiko Bagi Bank Umum, Peraturan                    Implementation of Risk Management for Commercial
           Perkebunan (“PIR-Bun”) sudah tidak dilakukan              (“PIR-Bun”) loans has stopped.                             Menteri BUMN No. PER-2/MBU/03/2023 tentang                    Banks, Ministerial Regulation of State-owned
           lagi.                                                                                                                Pedoman Tata Kelola dan Kegiatan Korporasi                    Enterprise      No.     PER-2/MBU/03/2023   regarding
                                                                                                                                Signifikan Badan Usaha Milik Negara, dan POJK                 Guidelines for Governance and Significant Corporate
     3.    Penerusan Pinjaman Dana Reboisasi Hutan              3.   Channeling loans of Industrial Plantation Forest           No. 17 tahun 2023 tentang Penerapan Tata Kelola               Activities of State-Owned Enterprises, and POJK
           Tanaman Industri (“DRHTI”) dari Kementerian               Reforestation (“DRHTI”) from the Ministry of               Bagi Bank Umum. Kerangka pengelolaan risiko Bank              No. 17 of the year 2023 concerning The
                                                                                                                                tercantum dalam Kebijakan Manajemen Risiko                    Implementation of Good Corporate Governance by
           Lingkungan Hidup dan Kehutanan (“KLHK”).                  Environment and Forestry (“KLHK”). Since 1999,
                                                                                                                                (KMNR), dalam kerangka pengelolaan risiko ini, diatur         Commercial Banks. The Bank’s risk management
           Terhitung sejak tahun 1999, KLHK telah                    the Ministry of Environment and Forestry has
                                                                                                                                berbagai kebijakan agar manajemen risiko berfungsi            framework is included in Risk Management Policy
           menghentikan penyaluran Dana Reboisasi dalam              stopped distributing the Reforestation Loans for
                                                                                                                                sebagai business enabler sehingga bisnis dapat tetap          (KMNR), which consists of various policies to support
           rangka Pinjaman untuk Pembangunan Hutan                   Industrial Plantation Forests, therefore the DRHTI
                                                                                                                                tumbuh dalam koridor prudential principle dengan              risk management function as a business enabler for
           Tanaman Industri tersebut, sehingga pinjaman              loans which are currently managed by PT Bank
                                                                                                                                menerapkan proses manajemen risiko yang ideal                 business growth within the corridor of prudential
           DRHTI yang saat ini dikelola di PT Bank Mandiri           Mandiri (Persero) Tbk. are existing DRHTI Loans            (identifikasi - pengukuran - pemantauan - pengendalian        principle by adopting the ideal risk management
           (Persero) Tbk. adalah existing Pinjaman DRHTI             which were inherited from Participating Bank.              risiko) pada semua level organisasi.                          processes (identification - measurement - monitoring -
           yang berasal dari Bank Peserta Penggabungan.                                                                                                                                       risk control) at all organisation levels.




PT BANK MANDIRI (PERSERO) TBK                        1634     355                                                                                                                        1635
                                                                                                                                                                                            356                                   ANNUAL REPORT 2024
Page 540
        FINANCIAL STATEMENTS 2024


                                         PT BANK MANDIRI (PERSERO) Tbk.                                                                                                       PT BANK MANDIRI (PERSERO) Tbk.
                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                             DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED                   CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS                 KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                  31 DECEMBER 2024 AND 2023                31 DESEMBER 2024 DAN 2023                                                                  31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)         (Expressed in millions of Rupiah, unless otherwise stated)         (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)         (Expressed in millions of Rupiah, unless otherwise stated)


62. MANAJEMEN RISIKO (lanjutan)                                62. RISK MANAGEMENT (continued)                                      62. MANAJEMEN RISIKO (lanjutan)                                62. RISK MANAGEMENT (continued)
     Sebagai bagian dari proses ERM, Bank Mandiri                  As part of the ERM process, Bank Mandiri applies a                   Pengawasan aktif Dewan Direksi dan Dewan                       Active supervision by the Board of Directors and the
     menerapkan Risk Appetite Statement (“RAS”). RAS               Risk Appetite Statement (“RAS”). RAS represents type                 Komisaris terhadap aktivitas manajemen risiko Bank,            Board of Commissioners in risk management activities,
     merupakan jenis dan tingkat risiko yang sanggup               and level of risk that the Bank is able to take/face within          baik secara langsung maupun tidak langsung                     directly and indirectly, is implemented through the
     diambil/dihadapi Bank yang berada dalam kapasitas             its risk capacity in order to achieve business objectives.           dilaksanakan melalui pembentukan komite di bawah               establishment of committees at the level of the Board of
     risiko yang dimiliki dalam rangka mencapai tujuan             The implementation of the RAS is also synchronized                   supervisi Dewan Komisaris, yaitu Komite Pemantau               Commissioners which are Risk Monitoring Committee,
                                                                                                                                        Risiko, Komite Tata Kelola Terintegrasi, Komite                Integrated Governance Committee, Remuneration and
     bisnis. Penerapan RAS juga disinkronkan dengan                with the monitoring of Bank Mandiri's Recovery Plan
                                                                                                                                        Remunerasi dan Nominasi, dan Komite Audit. Adapun              Nomination Committee and Audit Committee. The
     pemantauan indikator Recovery Plan Bank Mandiri               indicators (referring to POJK No. 5 Year 2024 on the                 komite di bawah supervisi Direksi terdiri dari Asset &         Executive Committee under the supervision of the
     (mengacu pada POJK No. 5 Tahun 2024 tentang                   Determination of Supervision Status and Handling of                  Liability Management Committee (ALCO), Risk                    Board of Directors consists of Asset & Liability
     Penetapan Status Pengawasan dan Penanganan                    Problems of Commercial Banks). The Bank Mandiri                      Management Committee (RMC), Credit Policy                      Management Committee (ALCO), Risk Management
     Permasalahan Bank Umum). Adapun Risk Appetite                 Risk Appetite Statement is as follows:                               Committee (CPC) Integrated Risk Committee (IRC),               Committee (RMC), Credit Policy Committee (CPC),
     Statement Bank Mandiri sebagai berikut:                                                                                            Capital & Subsidiaries Committee (CSC), Business               Integrated Risk Committee (IRC), Capital &
                                                                                                                                        Committee (BC), Information Technology & Digital               Subsidiaries Committee (CSC), Business Committee
                                                                                                                                        Banking Committee (ITDC), Human Capital Policy                 (BC), Information Technology & Digital Banking
         Dimensi/Dimensions                                                Statement                                                    Committee (HCPC), Policy & Procedure Committee                 Committee (ITDC), Human Capital Policy Committee
                                    Menjaga laba yang stabil serta sustain sesuai dengan tingkat risiko yang diambil./                  (PPC), Credit Committee/Rapat Komite Kredit (RKK),             (HCPC), Policy & Procedure Committee (PPC), Credit
      Rentabilitas/Rentability                                                                                                          Transformation Committee (TC), dan Social &                    Committee (Rapat Komite Kredit (RKK), Transformation
                                    Maintain a stable and sustainable profit in accordance with the level of risk taken.
                                                                                                                                        Enviromental Responsibility Committee (SERC).                  Committee (TC), and Social & Enviromental
                                    Menjaga permodalan yang kuat untuk mendukung risiko bisnis yang dihadapi dan                                                                                       Responsibility Committee (SERC).
      Permodalan/Capital            memenuhi ketentuan Regulator./
                                    Maintain capital to support the business risks and comply with regulator requirements.              Dari 12 komite yang berada di bawah supervisi Direksi,         From 12 Executive Committees supervised under
                                    • Menjaga posisi likuiditas yang kuat dalam berbagai kondisi stress./Maintain a                     terdapat 5 komite yang berkaitan langsung dengan               Board of Directors, 5 committees are directly involved
      Likuiditas dan Pendanaan/          strong liquidity position under a variety of stressful conditions.                             pengelolaan manajemen risiko yaitu RMC, IRC, ALCO              with risk management, i.e. RMC, IRC, ALCO, PPC, and
                                                                                                                                        PPC, dan CPC. Adapun fungsi dan tugas masing-                  CPC. All functions and key responsibilities are as
        Liquidity and Funding       • Menjaga pendanaan yang stabil dan terdiversifikasi dengan baik./Maintain stable                   masing komite adalah sebagai berikut:                          follows:
                                         and well-diversified funding.
                                    • Menjaga kualitas portofolio dan konsentrasi kredit sesuai appetite Bank./Maintain                 1.   Risk Management Committee (RMC)                           1.   Risk Management Committee (RMC)
                                         portfolio quality and credit concentration according to the Bank's appetite.
      Risiko Kredit/Credit Risk                                                                                                              Memastikan kecukupan pelaksanaan identifikasi,                 Ensure the adequacy of the implementation of risk
                                    •    Menjaga biaya kredit pada level yang optimum./Maintain credit costs at optimum
                                         levels.                                                                                             pengukuran, dan pemantauan risiko, penetapan                   identification, measurement, and monitoring,
                                                                                                                                             kebijakan dan strategi manajemen risiko dalam                  establishing policies and risk management
                                    Menjaga eksposur risiko pasar yang timbul, baik dari aktivitas trading book maupun                       rangka pelaksanaan proses dan system                           strategies in order to implement effective risk
                                    banking book, berada dalam appetite yang ditetapkan manajemen./                                          Manajemen Risiko yang efektif.                                 management system.
      Risiko Pasar/Market Risk
                                    Maintain market risk exposure arising from both trading book and banking book
                                    activities within the level of appetite set by management.                                          2.   Integrated Risk Committee (IRC)                           2.   Integrated Risk Committee (IRC)
                                    Menjaga batas toleransi terhadap fraud eksternal, fraud internal serta isu terkait sistem
                                                                                                                                             Memberikan rekomendasi kepada Direksi Entitas                  Providing recommendations to the Board of
                                    IT dan kerahasiaan data temasuk kerugian akibat insiden siber sesuai appetite
      Risiko Operasional/                                                                                                                    Utama dalam rangka penerapan Manajemen                         Directors of the Main Entity, at least with regard to
                                    Bank./Maintain tolerance level to external fraud, internal fraud and issues related to IT                Risiko Terintegrasi yang komprehensif dan efektif,             the drafting and revision or improvement of the
        Operational Risk
                                    systems and data confidentiality including losses due to cyber incidents according to                    termasuk penyusunan dan perbaikan atau                         Integrated Risk Management policy based on the
                                    the Bank’s appetite.                                                                                     penyempurnaan kebijakan Manajemen Risiko                       implementation evaluation results. Bank Mandiri as
                                    Menjaga batas toleransi atas pelanggaran kepatuhan terhadap regulasi (yang                               Terintegrasi    berdasarkan     hasil   evaluasi               main entity has established IRC as a fulfillment of
      Risiko Kepatuhan/             berakibat sanksi/denda) sesuai appetite Bank./Maintain tolerance level for violation of                  pelaksanaan. Bank Mandiri sebagai Entitas Utama                POJK No. 17/POJK.03/2014 concerning The
        Compliance Risk             regulatory compliance (which results in sanctions/fines) according to the Bank’s                         membentuk IRC sebagai wujud penerapan POJK                     Implementation of Integrated Risk Management for
                                                                                                                                             No.    17/POJK.03/2014     tentang    Penerapan                Financial Conglomerates. Members of the IRC
                                    appetite.
                                                                                                                                             Manajemen Risiko Terintegrasi bagi Konglomerasi                include the Board of Directors of the Main Entity
                                    Menjaga potensi kerugian akibat tuntutan hukum pada tingkat yang rendah./                                Keuangan. Anggota IRC mencakup Direksi Entitas                 and its subsidiaries.
      Risiko Hukum/Legal Risk
                                    Maintain potential losses due to lawsuits at a low level.                                                Utama dan Entitas Anak.
      Risiko Reputasi/              Menjaga reputasi Bank melalui produk dan layanan yang handal./
        Reputation Risk             Maintain the Bank's reputation through reliable products and services.                              3.   Asset &     Liabilities   Management   Committee          3.   Asset &     Liabilities   Management     Committee
                                                                                                                                             (ALCO)                                                         (ALCO)
     Seluruh risiko-risiko yang dihadapi Bank diukur dan           All risks that faced by the Bank are measured and                         Menjalankan       fungsi    penetapan    strategi              Manages Bank’s strategic management of asset
     dipantau secara rutin, baik melalui metode pengukuran         monitored on regular basis through internal                               pengelolaan aset dan liabilitas, penetapan suku                and liabilities, interest rate, liquidity and other
     internal maupun melalui penyusunan laporan profil             measurement method, quarterly risk profile report and                     bunga dan likuiditas, serta hal-hal lain yang                  areas related to the asset and liability management
     risiko secara triwulanan dan laporan tingkat kesehatan        semiannually Bank’s soundness report in order to                          terkait dengan pengelolaan aset dan liabilitas                 of the Bank. Furthermore in condition of financial
     Bank secara semesteran, untuk menggambarkan                   describe all the embedded risks in the Bank’s business                    Bank. Selain itu pada kondisi tekanan/krisis                   stress/crisis, ALCO has the function and
     seluruh risiko yang melekat dalam kegiatan bisnis Bank        activities, including consolidated Subsidiaries risks.                    keuangan, ALCO juga memiliki tugas dan                         responsibility to monitor Bank’s risk and financial
                                                                                                                                             wewenang untuk melakukan pemantauan                            indicators stated in the Recovery Plan in cases
     termasuk risiko Entitas Anak secara konsolidasi.                                                                                        indikator risiko dan keuangan Bank yang                        where these indicators exceed the set limits.
                                                                                                                                             tercantum      dalam     Recovery   Plan    serta
     Grup tidak terekspos risiko pasar, risiko kredit dan           There are no market risk, credit risk and liquidity risk                 mengusulkan aktivasi Recovery Plan dalam hal
     risiko likuiditas pada investasi pemegang unit link,           exposed to the Group for policyholders’ investments in                   indikator-indikator tersebut melampaui batasan
     dikarenakan semua risiko ditanggung langsung oleh              unit-linked contract, since all credit risk is directly borne            yang ditetapkan.
     masing-masing pemegang polis.                                  by each policyholder.


PT BANK MANDIRI (PERSERO) TBK                        1636        357                                                                                                                              1637
                                                                                                                                                                                                     358
                                                                                                                                                                                                                                           ANNUAL REPORT 2024
Page 541
           FINANCIAL STATEMENTS 2024


                                                                                                                                                                            PT BANK MANDIRI (PERSERO) Tbk.
                                            PT BANK MANDIRI (PERSERO) Tbk.
                                                                                                                                                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
                                                                                                                                   CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
                                                                                                                                   KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
                                                                                                                                   31 DESEMBER 2024 DAN 2023                                                                   31 DECEMBER 2024 AND 2023
31 DESEMBER 2024 DAN 2023                                                                   31 DECEMBER 2024 AND 2023
                                                                                                                                   (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

                                                                                                                                   62. MANAJEMEN RISIKO (lanjutan)                                 62. RISK MANAGEMENT (continued)
62. MANAJEMEN RISIKO (lanjutan)                                  62. RISK MANAGEMENT (continued)

     Dari 12 komite yang berada di bawah supervisi Direksi,         From 12 Executive Committees supervised under                      A.   Risiko kredit (lanjutan)                                   A.   Credit risk (continued)
     terdapat 5 komite yang berkaitan langsung dengan               Board of Directors, 5 committees are directly involved
     pengelolaan manajemen risiko yaitu RMC, IRC, ALCO,             with risk management, i.e. RMC, IRC, ALCO and PPC,                      Dalam menyalurkan kreditnya, Bank Mandiri                       In distributing its credit, Bank Mandiri always
     PPC, dan CPC. Adapun fungsi dan tugas masing-                  and CPC. All functions and key responsibilities are as                  senantiasa mengedepankan prinsip kehati-hatian                  prioritizes the prudential principle which is reflected
     masing komite adalah sebagai berikut (lanjutan):               follows (continued):                                                    yang tercermin di beberapa aspek antara lain                    in several aspects, including the following
                                                                                                                                            sebagai berikut (lanjutan):                                     (continued):
     4. Policy & Procedure Committee (PPC)                          4.   Policy & Procedure Committee (PPC)
                                                                                                                                            2.   Aktivitas-aktivitas terkait Pengelolaan Risiko             2.   Activities related to Credit Risk Management
            PPC adalah komite yang bertugas membantu                     PPC is a committee that assist the Board of                             Kredit
            Direksi dalam pengaturan Peraturan Bank dalam                Directors in arrangement of Bank’s Regulations in
            bentuk ketentuan Mandiri Group, kebijakan atau               the form of Mandiri Group's policies, Bank’s                            A. Segmen Wholesale                                             A. Wholesale Segment
            prosedur     serta   pengaturan     pemberian                policies or procedures, as well as arrangement of
            kewenangan kepada pejabat Bank secara ex-                    granting authority to Bank’s executives on an ex-                           Proses pengelolaan kredit di segmen                            The credit management process in the
            officio.                                                     officio basis.                                                              Wholesale diawali dengan menentukan                            Wholesale        segment     begins     with
                                                                                                                                                     target pasar melalui Loan Portfolio                            determining the target market through the
      5.     Credit Policy Committee (CPC)                          5.   Credit Policy Committee (CPC)                                               Guideline yang menetapkan Industry                             Loan Portfolio Guideline which determines
                                                                                                                                                     Classification (menarik, netral, dan                           the appropriate Industry Classification
             Membantu       Direksi  dalam    merumuskan                 Assist the Board of Directors in formulating                                selektif) dan Industry Limit yang sesuai,                      (attractive, neutral, and selective) and
             kebijakan, mengawasi pelaksanaan kebijakan,                 policies,   overseeing    policy   implementation,
                                                                                                                                                     serta memilih dan menyaring target                             Industry Limit, as well as selecting and
             memantau perkembangan dan kondisi portofolio                monitoring the growth and condition of the credit
             perkreditan atau pembiayaan serta memberikan                and/or    financing   portfolio,  and    providing                          nasabah melalui Industry Acceptance                            filtering target customers through Industry
             saran langkah perbaikan, termasuk dalam                     recommendations for corrective actions, including                           Criteria dan Name Clearance untuk                              Acceptance Criteria and Name Clearance
             membahas dan/atau mengevaluasi agenda                       evaluating agenda and determining Management                                menghasilkan pipeline debitur yang                             to produce a high quality debtor pipeline.
             terkait Management Limit dan menetapkan                     Limit based on the Authority Holder.                                        berkualitas.
             Management       Limit  sesuai    kewenangan
             memutus.                                                                                                                                Proses selanjutnya adalah melakukan                            The next process is to carry out a credit
                                                                                                                                                     credit risk assessment menggunakan                             risk assessment using a series of credit
     Komite di bawah supervisi Dewan Komisaris yang                 Committees formed under Board of Commissioners                                   serangkaian credit risk tools (credit risk                     risk tools (credit risk rating, spreadsheet,
     memiliki tugas dan tanggung jawab melakukan kajian             including Risk Monitoring Committee, Integrated                                  rating, spreadsheet, CPA, NAK, dan                             CPA, NAK, etc.) which is then decided by
     dan evaluasi atas kebijakan serta pelaksanaan                  Governance Committee, and Audit Committee, which                                 sebagainya) yang kemudian diputus oleh                         the Credit Approval Authority Holder
     manajemen risiko Bank, serta memberikan masukan                have tasks and responsibilities to review and evaluate                           Pemegang Kewenangan Memutus Kredit                             (through a Credit Committee Meeting) with
     dan rekomendasi kepada Dewan Komisaris dalam                   the policy and implementation of Bank's risk                                     (melalui Rapat Komite Kredit) dengan                           a four-eye principle involving the Business
     rangka melaksanakan fungsi pengawasan adalah                   management, as well as providing inputs and                                      four-eyes principle yang melibatkan                            Unit and Independent Credit Risk
     Komite Pemantau Risiko, Komite Tata Kelola                     recommendations to the Board of Commissioners in                                 Business      Unit  dan     Credit   Risk                      Management Unit. The four-eye principle
     Terintegrasi, dan Komite Audit.                                order to carry out the monitoring roles.                                         Management Unit secara independen.                             mechanism is carried out by the Credit
                                                                                                                                                     Mekanisme four-eyes principle dilakukan                        Committee in accordance with the limits of
      A. Risiko kredit                                              A.   Credit risk                                                                 oleh Credit Committee sesuai limit                             authority, where the credit termination
                                                                                                                                                     kewenangan, dimana proses pemutusan                            process is carried out through the RKK
            Dalam menyalurkan kreditnya, Bank Mandiri                    In distributing its credit, Bank Mandiri always                             kredit dilaksanakan melalui mekanisme.                         mechanism.
            senantiasa mengedepankan prinsip kehati-hatian               prioritizes the prudential principle which is reflected
            yang tercermin di beberapa aspek antara lain                 in several aspects, including the following:
                                                                                                                                                     Setelah proses disbursement kredit,                            After the credit disbursement process, the
            sebagai berikut:
                                                                                                                                                     risiko kredit dan potensi kegagalan                            debtor's credit risk and potential failure
            1.   Tata Kelola dan Struktur Organisasi                     1.   Governance and Organisational Structure                                debitur harus senantiasa dimonitor dan                         must always be monitored and detected
                                                                                                                                                     dideteksi secara dini Khusus untuk                             early. Specifically for debtors with potential
                 Bank Mandiri senantiasa berpedoman pada                      Bank Mandiri is always guided by the Bank                              debitur berpotensi bermasalah maka                             problems, further handling needs to be
                 Kebijakan Perkreditan Bank Mandiri dalam                     Mandiri Credit Policy in managing credit risk                          perlu dilakukan penanganan lebih lanjut                        carried     out,   including    restructuring,
                 mengelola risiko kredit secara end-to-end                    end-to-end which is outlined in more detail in                         antara      lain  mencakup    aktivitas                        collection, and recovery activities.
                 yang secara lebih rinci dituangkan dalam                     the form of Credit Procedure Standards                                 restrukturisasi,  collection, maupun
                 bentuk Standar Prosedur Kredit (SPK) dan                     (SPK) and Product Manuals.                                             recovery.
                 Manual Produk.
                                                                                                                                                  B. Segmen Retail                                               B. Retail Segment
                 Direktorat Manajemen Risiko bersama unit                     The Risk Management Directorate together
                 kerja terkait dalam melakukan manajemen                      with related work units carry out integrated                           Dengan mempertimbangkan                                        By     considering      its    mass    market
                 risiko terintegrasi untuk bertanggung jawab                  risk management to be responsible for                                  karakteristiknya yang mass market, maka                        characteristics, the credit process is carried
                 dalam mengelola 10 jenis risiko yang                         managing 10 types of risks faced by the                                proses kredit dilakukan secara lebih                           out more automatically using a credit risk
                 dihadapi Bank beserta Entitas Anak, serta                    Bank and its Subsidiaries, as well as                                  otomatis menggunakan credit risk                               scorecard,      referring     to  the    Risk
                 membahas dan mengusulkan kebijakan dan                       discussing and proposing risk management                               scorecard, dengan mengacu pada Risk                            Acceptance Criteria for each product, and
                 pedoman pengelolaan risiko. Struktur                         policies      and        guidelines.       The                         Acceptance Criteria setiap produk, serta                       processed through an automated work-
                 organisasi Direktorat Manajemen Risiko                       organisationalstructure     of     the     Risk                        diproses     melalui    work-flow    yang                      flow (loan factory). The monitoring process
                 terdiri dari Risk Taking Unit dan Independent                Management Directorate consists of the Risk                            terotomasi     (loan   factory).  Proses                       is carried out in a portfolio manner.
                 Risk Management Unit. Risk Taking Unit                       Taking Unit and the Independent Risk                                   monitoring dilakukan secara portofolio.
                 menjalankan fungsi four-eyes principle,                      Management Unit. The Risk Taking Unit
                 sedangkan Independent Risk Management                        carries out the function of the four-eyes
                 Unit bertanggung jawab langsung kepada                       principle, while the Independent Risk                                  Pemberian kredit di segmen Retail                              Lending in the Retail segment especially
                 Direktur Manajemen Risiko. Bank Mandiri                      Management Unit is directly responsible to                             khususnya pada kredit produktif juga                           for productive loan also refers to the Loan
                 menempatkan fungsi analisis kredit yang                      the Risk Management Director. Bank Mandiri                             mengacu    kepada   Loan    Portfolio                          Portfolio Guideline.
                 dilakukan oleh unit bisnis dan unit risiko                   places the credit analysis function carried out                        Guideline.
                 kredit yang independen.                                      by independent business units and credit risk
                                                                              units.

PT BANK MANDIRI (PERSERO) TBK                           1638      359
                                                                                                                                                                                                  1639
                                                                                                                                                                                                     360                                     ANNUAL REPORT 2024
Page 542
          FINANCIAL STATEMENTS 2024


                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                                     PT BANK MANDIRI (PERSERO) Tbk.
                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                           DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED                 CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS               KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                    31 DECEMBER 2024 AND 2023              31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                   62. RISK MANAGEMENT (continued)                                   62. MANAJEMEN RISIKO (lanjutan)                                    62. RISK MANAGEMENT (continued)
     A.    Risiko kredit (lanjutan)                                  A.   Credit risk (continued)                                       A.   Risiko kredit (lanjutan)                                      A.   Credit risk (continued)
           Dalam menyalurkan kreditnya, Bank Mandiri                      In distributing its credit, Bank Mandiri always                    Dalam menyalurkan kreditnya, Bank Mandiri                          In distributing its credit, Bank Mandiri always
           senantiasa mengedepankan prinsip kehati-hatian                 prioritizes the prudential principle which is reflected            senantiasa mengedepankan prinsip kehati-hatian                     prioritizes the prudential principle which is reflected
           yang tercermin di beberapa aspek antara lain                   in several aspects, including the following                        yang tercermin di beberapa aspek antara lain sbb.                  in several aspects, including the following
           sebagai berikut (lanjutan):                                    (continued):                                                       (lanjutan):                                                        (continued):
           3.   Penilaian Kelayakan Kredit                                3.   Credit Worthiness Assessment                                  4.    Monitoring Kredit                                            4.   Credit Monitoring
                A.   Rating System                                             A. Rating System                                                    Pengelolaan risiko kredit Bank terutama                           The Bank's credit risk management is primarily
                                                                                                                                                   diarahkan         untuk       meningkatkan                        directed at improving the balance between
                     Bank Mandiri memiliki Rating System                          Bank Mandiri has a Rating System known                           keseimbangan antara ekspansi kredit yang                          healthy credit expansion and prudent credit
                     yang dikenal dengan BMRS (Bank                               as BMRS (Bank Mandiri Rating System).                            sehat dengan pengelolaan kredit secara                            management to avoid a decline in quality or
                     Mandiri Rating System). BMRS yang                            The BMRS that has been developed by                              prudent agar terhindar dari penurunan                             becoming a NPL, as well as managing optimal
                     telah dikembangkan oleh Bank terdiri dari                    the Bank consists of a Rating System for                         kualitas atau menjadi kategori NPL serta                          capital use through identifying business units,
                     Rating System untuk segmen Corporate                         the Corporate and Commercial Banking                             mengelola penggunaan modal yang optimal                           segments, products, areas that provide added
                     and Commercial Banking, Rating System                        segment, a Rating System for the SME                             melalui identifikasi unit bisnis, segmen,                         value for the Bank. In addition, in
                     untuk segmen SME, dan Rating System                          segment, and a Rating System for                                 produk, wilayah yang memberikan nilai                             implementing     credit   concentration    risk
                     untuk Financial Institution (Bank).                          Financial Institutions (Banks). By using the                     tambah bagi Bank. Dalam melaksanakan                              management at the debtor level, Bank Mandiri
                     Dengan menggunakan Rating System                             Rating System for Financial Institutions                         pengelolaan risiko konsentrasi kredit di level                    consistently monitors the BMPK. In general,
                     untuk Financial Institution (Bank), Bank                     (Banks), Banks can identify and measure                          debitur, Bank Mandiri secara konsisten                            the credit process and credit risk management
                     dapat     melakukan     identifikasi   dan                   the risk that Counterparty Banks can                             memonitor BMPK. Secara umum, proses                               at Bank Mandiri has been carried out end-to-
                     pengukuran risiko Bank Counterparty                          tolerate in providing Credit Line facilities.                    kredit dan pengelolaan risiko kredit di Bank                      end and integrated.
                     yang      dapat     ditoleransi      dalam                                                                                    Mandiri sudah dilakukan secara end-to-end
                     memberikan fasilitas Credit Line.                                                                                             dan terintegrasi.
                B.   Credit Scoring                                            B. Credit Scoring                                                   Bank melakukan identifikasi dan deteksi dini                      The Bank carries out early identification and
                                                                                                                                                   terhadap debitur Corporate dan Commercial                         detection of Corporate and Commercial
                     Bank       Mandiri     memiliki   Credit                     Bank Mandiri has different Credit Scoring                        dengan kualitas 1 dan 2 melalui ALERT                             debtors with collectability 1 and 2 through
                     Scoring yang berbeda untuk setiap                            for each segment, consisting of: SME                             Tools. Dalam melakukan penilaian dan                              ALERT Tools. In assessing and monitoring
                     segmen, terdiri dari: SME Scoring, Micro                     Scoring, Micro Scoring, and Consumer                             monitoring kualitas kredit, Bank mengacu                          credit quality, the Bank refers to Regulator
                     Scoring, dan Consumer Scoring. Bank                          Scoring. Bank Mandiri has developed                              kepada ketentuan Regulator dengan                                 provisions by prioritizing the principle of
                     Mandiri telah mengembangkan generic                          generic credit scoring for consumer loan                         mengedepankan        prinsip   kehati-hatian                      prudence by reviewing Pillar 3, namely
                     credit scoring untuk segmen kredit                           segment, and has started to develop                              dengan cara melakukan reviu atas Pilar 3                          business prospects, financial performance and
                     konsumtif dan mulai mengembangkan                            generic credit scoring for micro productive                      yaitu prospek usaha, kinerja keuangan, dan                        debtor's ability to pay. Based on the results of
                     generic credit scoring untuk segmen                          loan segment using internal data                                 kemampuan          membayar         debitur.                      this analysis, the Bank determines an account
                     kredit    micro     productive   dengan                      (transactions, funding and lending) for                          Berdasarkan hasil analisa tersebut, Bank                          strategy and action plan early to prevent the
                     menggunakan data internal (transaksi,                        Existing-to-Bank (“ETB”) customers that                          menetapkan account strategy dan action                            occurrence of default.
                     funding, maupun lending) untuk nasabah                       enables seamless credit process through                          plan secara dini untuk mencegah terjadinya
                     Existing-to-Bank       (“ETB”)     yang                      Livin’ application and other diverse banking                     gagal bayar.
                     memungkinkan proses kredit secara                            channels.      For    New-to-Bank     (NTB)
                     seamless melalui aplikasi Livin’ dan                         customers, Bank Mandiri also work with                     5.    Agunan                                                       5.   Collateral
                     berbagai channel lainnya. Untuk nasabah                      alternative credit scoring service provider
                     New-to-Bank (NTB), Bank Mandiri juga                         that use external data. Furthermore, Bank                        Jenis agunan yang diterima Bank terdiri dari                      The types of collateral accepted by the Bank
                     telah bekerja sama dengan penyedia                           Mandiri has commenced the development                            benda bergerak (antara lain agunan tunai,                         consist of movable objects (including cash
                     layanan alternative credit scoring yang                      of a bureau credit scoring utilizing SLIK as                     piutang dagang, persediaan barang, mesin,                         collateral, trade receivables, inventories of
                     menggunakan data eksternal. Selain itu,                      external data.                                                   dan surat berharga), dan benda tak bergerak                       goods, machinery, and securities), and
                     Bank Mandiri mulai mengembangkan                                                                                              (antara lain tanah, bangunan, dan mesin),                         immovable objects (including land, buildings,
                     bureau       credit     scoring    yang                                                                                       Bank mengutamakan agunan dalam bentuk                             and machinery), Bank prioritizes collateral in
                     menggunakan data eksternal berupa                                                                                             aset tetap. Penilaian agunan dapat dilakukan                      the form of fixed assets. The collateral
                     SLIK.                                                                                                                         oleh penilai internal atau penilai eksternal                      appraisal should be carried out by an internal
                                                                                                                                                   sebagaimana ketentuan yang berlaku.                               appraisal or external appraisal according to
                     Model yang telah dikembangkan oleh                           The models developed by the Bank, both                                                                                             the applicable policy.
                     Bank, baik itu model risiko kredit dan non                   credit and non-credit risk models, are
                     kredit, divalidasi secara internal oleh                      validated internally by the Model Validator,               6.    Stress Test                                                  6.   Stress Test
                     Model Validator, yaitu fungsi yang                           which is an independent and separate
                     independen dan terpisah dari fungsi                          function from model developer function.                          Untuk memantau kualitas dan menguji                               To monitor quality and test the elasticity of
                     pengembang model. Hal ini dilakukan                          This is done to ensure quality and validity                      elastisitas kualitas portofolio (NPL dan yield)                   portfolio quality (NPL and yield) to changes in
                     untuk meyakini kualitas dan validitas                        of model. Apart from validation, another                         terhadap      perubahan        variabel-variabel                  economic variables that can impact the Bank's
                     model. Selain validasi, hal lainnya yang                     thing that is implemented regarding model                        ekonomi yang dapat berdampak pada                                 capital adequacy, the Bank routinely and ad-
                     diterapkan terkait pengelolaan risiko                        risk management is the implementation of                         kecukupan modal Bank, Bank secara rutin                           hoc carries out stress tests on the entire credit
                     model yaitu penerapan kerangka tata                          a    model      management     governance                        maupun ad-hoc melakukan stress test                               portfolio, both per large debtor group,
                     kelola pengelolaan model (Model Risk                         framework (Model Risk Management).                               terhadap seluruh portofolio kredit baik per                       business segment, industries and products
                     Management).                                                                                                                  kelompok debitur besar, segmen bisnis,                            with various scenarios.
                                                                                                                                                   industri maupun produk dengan berbagai
                                                                                                                                                   skenario.

PT BANK MANDIRI (PERSERO) TBK                            1640      361                                                                                                                                1641
                                                                                                                                                                                                         362                                     ANNUAL REPORT 2024
Page 543
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                    PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                          DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED                CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS              KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                   31 DECEMBER 2024 AND 2023             31 DESEMBER 2024 DAN 2023                                                                   31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)      (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)


62. MANAJEMEN RISIKO (lanjutan)                                  62. RISK MANAGEMENT (continued)                                  62. MANAJEMEN RISIKO (lanjutan)                                  62. RISK MANAGEMENT (continued)
     A.    Risiko kredit (lanjutan)                                 A.   Credit risk (continued)
                                                                                                                                      A.   Risiko kredit (lanjutan)                                   A.   Credit risk (continued)
           6.    Stress Test (lanjutan)                                  6.   Stress Test (continued)
                                                                                                                                           Manajemen Risiko           Kredit   dalam   Kondisi             Credit Risk Management in Endemic COVID-19
                 Dengan stress test ini, Bank dapat                           With this stress test, the Bank can understand               Endemi COVID-19                                                 Condition
                 memahami kemungkinan potensi negatif                         the possible negative potential for Bank
                 terhadap kinerja bisnis Bank Mandiri dan                     Mandiri's business performance and anticipate
                 mengantisipasi lebih awal dan mengambil                      it early and take portfolio control steps and the            Selama masa pandemi Covid-19 berlangsung,                       During the Covid-19 pandemic, Bank Mandiri
                 langkah-langkah pengendalian portofolio dan                  most optimal solutions as a short-term and                   Bank Mandiri secara aktif berpartisipasi dalam                  actively participated in various national programs
                 solusi yang paling optimal sebagai strategi                  long-term strategy so that the quality of the                berbagai program Pemulihan Ekonomi Nasional                     initiated by the Government to boost economy
                 jangka pendek maupun jangka panjang                          Bank's credit portfolio and capital adequacy                 (PEN) yang dicanangkan Pemerintah antara lain                   recovery (Pemulihan Ekonomi Nasional (PEN)),
                 sehingga kualitas portofolio kredit dan                      are well maintained. Bank Mandiri anticipates
                 kecukupan modal Bank terjaga dengan baik.                    early and takes portfolio control measures and               penyaluran dana berdasarkan penempatan uang                     including Government fund’s distribution, loan
                 Bank Mandiri mengantisipasi lebih awal dan                   the most optimal solutions as a short-term and               negara pada Bank, penjaminan kredit, dan subsidi                guarantees, and interest subsidies. Among those
                 mengambil langkah-langkah pengendalian                       long-term strategy so that the quality of the                bunga. Diantara program tersebut adalah program                 programs was a program for debtors affected by
                 portofolio dan solusi yang paling optimal                    credit portfolio and the Bank's capital                      untuk debitur terdampak Covid-19 berdasarkan                    Covid-19 which was regulated based on
                 sebagai strategi jangka pendek maupun                        adequacy are well maintained.
                                                                                                                                           POJK No. 11/POJK.03/2020 serta perubahan                        POJK No. 11/POJK.03/2020 as well as it’s
                 jangka panjang sehingga kualitas portofolio
                 kredit dan kecukupan modal Bank terjaga                                                                                   keduanya POJK No. 17/POJK.03/2021 yang telah                    second POJK No. 17/POJK.03/2021 which
                 dengan baik.                                                                                                              berakhir pada Maret 2023, maupun Keputusan                      ended in March 2023, and also the OJK
                                                                                                                                           Dewan      Komisioner    (“KDK”)    OJK     No.                 Board      of Commissioners Decree (“KDK”)
           7.    Recovery Plan dan Resolution Plan                       7.   Recovery Plan and Resolution Plan                            34/KDK.03/2022 terkait sektor, segmen serta                     No. 34/KDK.03/2022 regarding sectors, segments,
                 Bank Mandiri telah menyusun Rencana Aksi                     Bank Mandiri has prepared a Recovery Plan                    wilayah yang masih memerlukan perlakuan                         and regions that still require special treatment for
                 Pemulihan (Recovery Plan) dan Opsi                           and Recovery Options as regulated in OJK                     khusus terhadap kredit atau pembiayaan bank                     credit or bank financing that valid until March 2024.
                 Pemulihan           (Recovery        Options)                Regulation No. 5 Year 2024 regarding                         yang berlaku sampai dengan Maret 2024.
                 sebagaimana diatur dalam Peraturan OJK                       “Penetapan        Status     Pengawasan      dan
                 No. 5 Tahun 2024 tentang Penetapan                           Penanganan Permasalahan Bank Umum.”
                                                                                                                                           Adapun sebagai tindak lanjut dari berakhirnya                   Following the expiration of OJK Board of
                 Status Pengawasan dan Penanganan                             Recovery Plan is a plan to address potential
                 Permasalahan Bank Umum. Recovery Plan                        financial problems that may occur at the Bank.               KDK OJK No. 34/KDK.03/2022 pada tanggal                         Commissioners Decree No. 34/KDK.03/2022 on
                 merupakan rencana untuk mengatasi                            The Recovery Options within the Recovery                     31 Maret 2024, OJK menerbitkan Siaran Pers                      31 March 2024, OJK issued a Press Release
                 permasalahan keuangan yang mungkin                           Plan document are the actions the Bank has                   (“SP”) OJK Nomor SP-41/OJK/GKPB/III/2024                        (“SP”)    numbered       SP-41/OJK/GKPB/III/2024
                 terjadi di Bank. Opsi Pemulihan (Recovery                    decided to take in response to financial stress              perihal Pengumuman Berakhirnya Stimulus                         regarding the Announcement of the Termination of
                 Options) yang terdapat dalam dokumen                         experienced by the Bank to prevent, recover,
                 Recovery Plan merupakan pilihan tindakan                     or improve the financial condition and viability             Restrukturisasi Kredit Perbankan Dalam Rangka                   the Credit Restructuring Stimulus for Banks in the
                 yang ditetapkan akan dilakukan Bank untuk                    of the Bank. Recovery Options have been set                  Penanganan        Pandemi     Covid-19,    Bank                 Context of Handling the Covid-19 Pandemic.
                 merespon tekanan keuangan (financial                         for four indicator areas, namely capital,                    melanjutkan skema restrukturisasi kredit kepada                 Banks will continue the credit restructuring scheme
                 stress) yang dialami oleh Bank dalam                         liquidity, rentability and asset quality, which              debitur yang sudah berjalan sampai dengan                       for borrowers that have already commenced until
                 mencegah,          memulihkan        maupun                  represent the main vulnerabilities of a Bank to
                                                                                                                                           pelunasan kredit.                                               the repayment of the loan.
                 memperbaiki kondisi keuangan serta                           financial difficulties. For each indicator in the
                 keberlangsungan usaha Bank (viability).                      Recovery Plan, the Bank has set trigger levels
                 Recovery Options telah ditetapkan untuk                      to implement recovery options. The trigger                   Pasca masa pandemi Covid-19, perkembangan                       Post-Covid-19 pandemic, economic development
                 empat area indikator, yaitu permodalan,                      levels in the Recovery Plan indicators have                  ekonomi menunjukkan arah pemulihan yang                         has shown increasingly positive signs of recovery,
                 likuiditas, rentabilitas, dan kualitas asset                 been synchronized with the Risk Appetite                     semakin baik disertai dengan juga penurunan                     accompanied by a significant decrease in the
                 sebagai indikator yang mewakili kerentanan                   Threshold as the starting limit for Early
                 utama sebuah Bank terhadap kesulitan                         Contingency Actions.                                         portfolio Restrukturisasi COVID-19 dari posisi                  COVID-19 Restructuring portfolio from its highest
                 finansialnya. Untuk setiap indikator pada                                                                                 tertinggi sebesar Rp96.490.149 pada Juni 2021                   position of Rp96,490,149 in June 2021 to
                 Recovery Plan, Bank telah menetapkan                                                                                      menjadi sebesar Rp9.245.517 pada posisi                         Rp9,245,517 in December 2024.
                 trigger level untuk melaksanakan opsi                                                                                     Desember 2024.
                 pemulihan. Trigger level dalam indikator
                 Recovery Plan telah dilakukan sinkronisasi
                 dengan Risk Appetite Threshold sebagai                                                                                    Secara bankwide, pada Desember 2024, besarnya                   At bankwide level, in December 2024, Bank
                 batasan dimulainya Early Contingency                                                                                      NPL% dan NPL coverage Bank Mandiri telah                        Mandiri NPL% and NPL coverage was
                 Actions.                                                                                                                  memadai. Memperhatikan kondisi tersebut, Bank                   adequate. Considering these conditions, the
                                                                                                                                           cukup menyakini telah berhasil mengelola                        Bank is quite confident that it has successfully
                 Bank juga telah menyusun Rencana                             The Bank has also prepared a Resolution Plan
                 Resolusi (Resolution Plan) sesuai dengan                     in accordance with the regulations in PLPS                   portofolio kredit terdampak pandemi dengan baik.                managed the pandemic-affected credit portfolio.
                 aturan pada PLPS No. 2 Tahun 2024.                           No. 2 Year 2024. Thre Resolution Plan                        Hal tersebut juga tercermin saat berakhirnya                    This confidence is also reflected in the fact that the
                 Resolution Plan merupakan rencana                            contains details about the charateristics of the             relaksasi terbatas KDK OJK No. 34/KDK.03/2022                   end of the limited relaxation period under
                 tindakan resolusi yang berisi antara lain                    bank and the preferred resolution strategies, in             pada 31 Maret 2024 tidak menimbulkan lonjakan                   KDK OJK No. 34/KDK.03/2022 on 31 March 2024
                 rincian karateristik Bank dan strategi                       order to maintain the continuity of the bank’s
                                                                                                                                           yang berarti bagi Bank yang menunjukkan                         did not result in any significant spike,
                 tindakan      resolusi  yang    diutamakan                   critical economic functions without causing
                 (preferred) untuk Bank tersebut, dalam                       disruptions to financial system stability.                   keberhasilan Bank melakukan soft landing pasca                  demonstrating the Bank's success in achieving a
                 rangka menjaga keberlangsungan fungsi                                                                                     relaksasi.                                                      post-relaxation soft landing.
                 ekonomi penting (critical economic function)
                 Bank tanpa menyebabkan gangguan pada
                 Stabilitas Sistem Keuangan.




PT BANK MANDIRI (PERSERO) TBK                           1642      363                                                                                                                            164364                                   ANNUAL REPORT 2024
Page 544
           FINANCIAL STATEMENTS 2024


                                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                         PT BANK MANDIRI (PERSERO) Tbk.
                                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                               DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                          NOTES TO THE CONSOLIDATED                                            CATATAN ATAS LAPORAN KEUANGAN                                                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                 FINANCIAL STATEMENTS                                          KONSOLIDASIAN                                                                                                           FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                                 31 DECEMBER 2024 AND 2023                                         31 DESEMBER 2024 DAN 2023                                                                                           31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                        (Expressed in millions of Rupiah, unless otherwise stated)                                  (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                  (Expressed in millions of Rupiah, unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                                               62. RISK MANAGEMENT (continued)
                                                                                                                                                                                            62. MANAJEMEN RISIKO (lanjutan)                                                         62. RISK MANAGEMENT (continued)
     A.     Risiko kredit (lanjutan)                                                              A.     Credit risk (continued)
                                                                                                                                                                                                A.    Risiko kredit (lanjutan)                                                          A.     Credit risk (continued)
     (i)    Eksposur   maksimum   risiko  kredit tanpa                                            (i)   Maximum exposure to credit risk without
            memperhitungkan agunan dan pendukung kredit                                                 considering collateral held and other credit                                            (i)   Eksposur      maksimum risiko kredit tanpa                                        (i)   Maximum exposure to credit risk without
            lainnya                                                                                     supports                                                                                      memperhitungkan agunan dan pendukung kredit                                             considering collateral held and other credit
                                                                                                                                                                                                      lainnya (lanjutan)                                                                      supports (continued)
            Eksposur maksimum risiko kredit disajikan setelah                                           Maximum credit risk exposures on financial assets
            cadangan kerugian penurunan nilai tanpa                                                     are presented net after allowance for impairment                                              Eksposur maksimum risiko kredit disajikan setelah                                       Maximum credit risk exposures on financial assets
            memperhitungkan agunan dan pendukung kredit                                                 losses without considering collateral and other                                               cadangan kerugian penurunan nilai tanpa                                                 are presented net after allowance for impairment
            lainnya terhadap aset keuangan pada laporan                                                 credit supports as of 31 December 2024 and 2023
                                                                                                                                                                                                      memperhitungkan agunan dan pendukung kredit                                             losses without considering collateral and other
            posisi keuangan konsolidasian pada tanggal                                                  are as follows:
                                                                                                                                                                                                      lainnya terhadap aset keuangan pada laporan                                             credit supports as of 31 December 2024 and 2023
            31 Desember 2024 dan 2023 adalah sebagai
            berikut:                                                                                                                                                                                  posisi keuangan konsolidasian pada tanggal                                              are as follows (continued):
                                                                                                                                                                                                      31 Desember 2024 dan 2023 adalah sebagai
                                                                                 2024                          2023                                                                                   berikut (lanjutan):
                                                                                                                                                 Current account with
            Giro pada Bank Indonesia                                           105.146.044                    108.605.322                           Bank Indonesia                                                                                                    2024                         2023
            Giro pada bank lain                                                 46.637.684                     36.573.885            Current account with other banks
            Penempatan pada Bank Indonesia                                                                                            Placement with Bank Indonesia                                   Aset lain-lain                                                                                                                                     Other assets
              dan bank lain                                                      63.228.375                    73.887.200                          and other banks                                      Pendapatan yang masih akan
            Efek-efek**)                                                                                                                       Marketable securities**)                                   diterima                                                    10.923.073                   10.258.180                             Accrued income
              Pemerintah                                                                                                                                Government                                      Piutang transaksi                                                                                                               Receivables from
                 Diukur pada nilai wajar                                                                                                       Fair value through                                         nasabah                                                       3.362.133                    2.960.484                    customer transactions
                   melalui laba rugi                                             10.886.578                     9.613.295                          profit or loss                                       Tagihan terkait dengan transaksi                                                                                    Receivables from transactions
                 Diukur pada nilai wajar melalui                                                                                               Fair value through                                         ATM dan kartu kredit                                          2.271.878                    7.379.393           related to ATM and credit card
                   penghasilan komprehensif lain                                   1.779.038                    1.425.783         other comprehensive income                                            Tagihan kepada pemegang polis                                     415.944                      296.997            Receivables from policyholders
                 Diukur pada biaya perolehan                                                                                                                                                            Penjualan efek-efek yang                                                                                                Receivables from sales of
                   diamortisasi                                                       718.802                    690.638                         Amortised cost                                           masih akan diterima                                              155.629                     570.711                     marketable securities
              Non-pemerintah                                                                                                                      Non-government                                        Tagihan atas obligasi pemerintah                                                                                    Receivables from government
                 Diukur pada nilai wajar                                                                                                      Fair value through                                          yang diagunkan                                                   802.754                   1.391.944              bonds pledged as collateral
                   melalui laba rugi                                             11.157.909                     9.752.030                         profit or loss
                 Diukur pada nilai wajar melalui                                                                                              Fair value through                                                                                                  2.263.279.624               2.025.730.598
                   penghasilan komprehensif lain                                 45.249.563                    47.383.080         other comprehensive income
                 Diukur pada biaya perolehan
                   diamortisasi                                                    8.220.183                    5.200.667                          Amortised cost                                     Eksposur risiko kredit terhadap rekening                                                Credit risk exposures relating to administrative
                 Diukur pada biaya perolehan                                       3.231.978                    1.186.153                                    At cost                                  administratif   setelah   cadangan   kerugian                                           accounts net after allowance for impairment losses
            Obligasi pemerintah***)                                                                                                              Government bonds***)                                 penurunan nilai pada tanggal 31 Desember 2024                                           as of 31 December 2024 and 2023 are as follows:
              Diukur pada nilai wajar                                                                                                             Fair value through                                  dan 2023 adalah sebagai berikut:
                 melalui laba rugi                                               17.761.405                    12.078.509                             profit or loss                                                                                                  2024                         2023
              Diukur pada nilai wajar melalui                                                                                                     Fair value through
                 penghasilan komprehensif lain                                   82.065.670                    90.640.924             other comprehensive income
              Diukur pada biaya perolehan                                                                                                                                                             Bank garansi yang diterbitkan                                  137.700.405                   113.766.176                           Bank guarantees issued
                 diamortisasi                                                  153.035.870                    163.194.756                             Amortised cost                                  Fasilitas kredit yang diberikan yang
              Diukur pada biaya perolehan                                       22.560.953                     34.541.812                                     At cost                                   belum digunakan*)                                             90.593.269                    86.748.253                             Unused loan facilities*)
            Tagihan lainnya - transaksi                                                                                                      Other receivables - trade                                Letter of credit yang tidak dapat                                                                                                   Outstanding irrevocable
              perdagangan                                                        28.551.228                    24.549.900                               transactions                                    dibatalkan yang masih berjalan                                22.400.690                    20.827.041                                   letter of credit
            Tagihan atas efek-efek yang dibeli                                                                                             Securities purchased under                                 Standby letter of credit                                        12.288.826                    14.733.445                             Standby letter of credit
              dengan janji dijual kembali                                          8.290.138                   22.692.928                       agreements to resell
            Tagihan derivatif                                                      7.761.508                    1.994.931                      Derivatives receivables                                                                                               262.983.190                   236.074.915
            Kredit yang diberikan dan                                                                                                                 Loans and sharia
              piutang/pembiayaan syariah*)                                                                                                    receivables/financing*)                                 *)   Termasuk fasilitas kredit committed dan uncommitted kartu kredit yang              *)   Include unused committed and uncommitted credit card facilities
              Korporasi                                                        603.077.918                    471.902.013                                  Corporate                                       belum digunakan.

              Komersial                                                        274.963.443                    221.359.876                               Commercial
              Retail                                                           430.923.203                    385.239.379                                      Retail                                 Tabel di atas menggambarkan eksposur                                                    The above table represents the maximum financial
              Syariah                                                          264.897.403                    228.232.308                                     Sharia                                  maksimum aset keuangan atas risiko kredit bagi                                          assets exposure on credit risk for Bank Mandiri
            Piutang pembiayaan konsumen                                         40.638.953                     32.036.752               Consumer financing receivables                                Bank Mandiri dan Entitas Anak pada tanggal                                              and Subsidiaries as of 31 December 2024 and
            Investasi bersih dalam                                                                                                              Net investment finance                                31    Desember    2024    dan    2023,   tanpa                                          2023, without taking into account any collateral
              sewa pembiayaan                                                      5.653.739                    5.419.072                                     leases                                  memperhitungkan agunan atau pendukung kredit                                            held or other credit support. For financial assets in
            Tagihan akseptasi                                                      9.282.525                   14.671.676                      Acceptance receivables                                 lainnya. Untuk aset keuangan dalam laporan                                              the consolidated statement of financial position, the
                                                                                                                                                                                                      posisi keuangan konsolidasian, eksposur di atas                                         exposures set out above are based on carrying
            *)     Segmen untuk manajemen risiko dikelompokkan menjadi Korporasi,                       *)      Segments of risk management are classified into Corporate,
                   Komersial, Retail, dan Syariah.                                                              Commercial, Retail and Sharia.                                                        ditentukan berdasarkan nilai tercatat seperti                                           amounts as reported in the consolidated financial
            **)    Tidak termasuk efek-efek yang merupakan investasi dari pemegang polis                **)     Excluding marketable securities which are the investment from the                     yang diungkapkan pada laporan keuangan                                                  statements.
                   unit-link Entitas Anak yang tidak memiliki risiko kredit.                                    Subsidiaries policyholder’s unit-link which has no credit risk exposure.
            ***)   Tidak termasuk obligasi pemerintah yang merupakan investasi dari                     ***)    Excluding government bonds which are the investment from the                          konsolidasian.
                   pemegang polis unit-link Entitas Anak yang tidak memiliki risiko kredit.                     Subsidiaries’ policyholder’s unit-link which has no credit risk exposure.




PT BANK MANDIRI (PERSERO) TBK                                                   1644            365                                                                                                                                                                                1645
                                                                                                                                                                                                                                                                                      366                                                    ANNUAL REPORT 2024
Page 545
           FINANCIAL STATEMENTS 2024


                                                                   PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                                                             PT BANK MANDIRI (PERSERO) Tbk.
                                                              DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                                                                   DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                             NOTES TO THE CONSOLIDATED                                                          CATATAN ATAS LAPORAN KEUANGAN                                                                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                                    FINANCIAL STATEMENTS                                                        KONSOLIDASIAN                                                                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                                                    31 DECEMBER 2024 AND 2023                                                       31 DESEMBER 2024 DAN 2023                                                                                                                 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                           (Expressed in millions of Rupiah, unless otherwise stated)                                                (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                        (Expressed in millions of Rupiah, unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                                                                 62. RISK MANAGEMENT (continued)                                                                              62. MANAJEMEN RISIKO (lanjutan)                                                                              62. RISK MANAGEMENT (continued)
     A.     Risiko kredit (lanjutan)                                                                                  A.     Credit risk (continued)
                                                                                                                                                                                                                                 A.    Risiko kredit (lanjutan)                                                                                  A.     Credit risk (continued)
     (i)    Eksposur      maksimum risiko kredit tanpa                                                                (i)    Maximum exposure to credit risk without
            memperhitungkan agunan dan pendukung kredit                                                                      considering collateral held and other credit                                                        (i)   Eksposur      maksimum risiko kredit tanpa                                                               (i)    Maximum exposure to credit risk without
            lainnya (lanjutan)                                                                                               supports (continued)                                                                                      memperhitungkan agunan dan pendukung kredit                                                                     considering collateral held and other credit
                                                                                                                                                                                                                                       lainnya (lanjutan)                                                                                              supports (continued)
            Konsentrasi risiko aset                                keuangan               dengan                             Concentration of risks of financial assets with credit
            eksposur risiko kredit                                                                                           risk exposure
                                                                                                                                                                                                                                       Konsentrasi risiko aset keuangan                                              dengan                            Concentration of risks of financial assets with credit
            a)          Sektor geografis                                                                                     a)    Geographical sectors                                                                                eksposur risiko kredit (lanjutan)                                                                               risk exposure (continued)
                        Tabel berikut menggambarkan rincian                                                                        The following table breaks down Bank Mandiri                                                        a)          Sektor geografis (lanjutan)                                                                         a)    Geographical sectors (continued)
                        eksposur kredit Bank Mandiri dan Entitas                                                                   and its subsidiaries’ credit exposure at their
                        Anak       pada      nilai   bruto      (tanpa                                                             gross amounts (without taking into account                                                                                                                                                                   2023
                        memperhitungkan         cadangan      kerugian                                                             any allowance for impairment losses, collateral                                                                                                         Jawa                                                                            Lain-lain****)/
                        penurunan nilai, agunan atau pendukung                                                                     held or other credit support), as categorised by                                                                                                     dan/and Bali           Sumatera            Kalimantan          Sulawesi             Others****)            Total
                        kredit    lainnya),     yang     dikategorikan                                                             geographical region as of 31 December 2024
                        berdasarkan area geografis pada tanggal                                                                    and 2023. In the following table, Bank Mandiri                                                                  Giro pada                                                                                                                                                                Current accounts with
                        31 Desember 2024 dan 2023. Untuk tabel ini,                                                                and its Subsidiaries have allocated exposures                                                                     Bank Indonesia                        108.605.322                        -                  -                   -                       -    108.605.322                   Bank Indonesia
                        Bank Mandiri dan Entitas Anak telah                                                                        based on the geographical area where the                                                                        Giro pada
                                                                                                                                                                                                                                                     bank lain                               28.796.884                      5                428                    -           7.808.773         36.606.090
                                                                                                                                                                                                                                                                                                                                                                                                                            Current accounts with
                                                                                                                                                                                                                                                                                                                                                                                                                                    other banks
                        mengalokasikan eksposur area berdasarkan                                                                   transactions are recorded.                                                                                      Penempatan pada                                                                                                                                                                 Placement with
                        wilayah geografis dimana kantor pencatatan                                                                                                                                                                                   Bank Indonesia
                                                                                                                                                                                                                                                     dan bank lain                           62.117.730               190.000              65.000           150.000            11.365.427          73.888.157
                                                                                                                                                                                                                                                                                                                                                                                                                            Bank Indonesia and
                                                                                                                                                                                                                                                                                                                                                                                                                                     other banks
                        transaksi dilakukan.                                                                                                                                                                                                       Efek-efek **)                                                                                                                                                            Marketable securities**)
                                                                                                                                                                                                                                                     Pemerintah                                                                                                                                                                     Government
                                                                                                                      2024                                                                                                                             Diukur pada nilai wajar                                                                                                                                              Fair value through
                                                                                                                                                           ****)                                                                                         melalui laba rugi                    5.680.822                       -                  -                   -           3.932.473           9.613.295                  profit or loss
                                                                Jawa                                                                             Lain-lain****) /                                                                                      Diukur pada nilai wajar
                                                             dan/and Bali           Sumatera            Kalimantan           Sulawesi             Others                  Total
                                                                                                                                                                                                                                                         melalui penghasilan
                        Giro pada                                                                                                                                                                 Current accounts with                                  komprehensif lain                              -                     -                  -                   -           1.425.783           1.425.783          Fair value through OCI
                          Bank Indonesia                        105.146.044                        -                   -                   -                        -    105.146.044                  Bank Indonesia                                   Diukur pada biaya
                        Giro pada                                                                                                                                                                 Current accounts with                                  perolehan
                          bank lain                               33.117.502                      1                  46                    -          13.550.890          46.668.439                      other banks                                    diamortisasi                                   -                     -                  -                   -             690.638             690.638                 Amortised cost
                        Penempatan pada                                                                                                                                                                  Placement with                              Non-pemerintah                                                                                                                                                            Non government
                          Bank Indonesia                                                                                                                                                          Bank Indonesia and
                          dan bank lain                           56.227.776                       -            125.000                    -           6.877.278          63.230.054                       other banks                                 Diukur pada nilai wajar                                                                                                                                              Fair value through
                        Efek-efek **)                                                                                                                                                             Marketable securities**)                               melalui laba rugi                    9.757.095                       -                  -                   -                       -       9.757.095                  profit or loss
                          Pemerintah                                                                                                                                                                      Government                                   Diukur pada nilai wajar
                            Diukur pada nilai wajar                                                                                                                                               Fair value through                                     melalui penghasilan
                              melalui laba rugi                    6.307.186                       -                   -                   -           4.579.392          10.886.578                  profit or loss                                     komprehensif lain                   46.477.179                       -                  -                   -             920.838         47.398.017           Fair value through OCI
                            Diukur pada nilai wajar                                                                                                                                                                                                    Diukur pada biaya
                              melalui penghasilan
                              komprehensif lain                              -                     -                   -                   -           1.779.038           1.779.038          Fair value through OCI                                     perolehan
                            Diukur pada biaya                                                                                                                                                                                                            diamortisasi                         4.248.945                       -                  -                   -             968.792           5.217.737                  Amortised cost
                              perolehan                                                                                                                                                                                                                Diukur pada biaya
                              diamortisasi                                   -                     -                   -                   -              718.802            718.802                 Amortised cost                                      perolehan                            1.300.883                       -                  -                   -                       -       1.300.883                           At cost
                          Non-pemerintah                                                                                                                                                             Non government                                Obligasi pemerintah ***)                                                                                                                                                  Government bonds***)
                            Diukur pada nilai wajar                                                                                                                                               Fair value through
                              melalui laba rugi                   10.835.081                       -                   -                   -              323.275         11.158.356                  profit or loss                                 Diukur pada nilai wajar                                                                                                                                                  Fair value through
                            Diukur pada nilai wajar                                                                                                                                                                                                    melalui laba rugi                     12.078.509                       -                  -                   -                       -     12.078.509                     profit or loss
                              melalui penghasilan                                                                                                                                                                                                    Diukur pada nilai wajar
                              komprehensif lain                   44.685.969                       -                   -                   -              580.359         45.266.328          Fair value through OCI                                   melalui penghasilan
                            Diukur pada biaya                                                                                                                                                                                                          komprehensif lain                     90.640.924                       -                  -                   -                       -     90.640.924             Fair value through OCI
                              perolehan
                              diamortisasi                         7.244.141                       -                   -                   -              992.102          8.236.243                  Amortised cost                                 Diukur pada biaya
                            Diukur pada biaya                                                                                                                                                                                                          perolehan diamortisasi              163.194.756                        -                  -                   -                       -    163.194.756                     Amortised cost
                              perolehan                            3.241.531                       -                   -                   -                        -      3.241.531                           At cost                               Diukur pada biaya
                        Obligasi pemerintah ***)                                                                                                                                                   Government bonds***)                                perolehan                             34.541.812                       -                  -                   -                       -     34.541.812                              At cost
                          Diukur pada nilai wajar                                                                                                                                                   Fair value through                             Tagihan lainnya -                                                                                                                                                     Other receivables - trade
                            melalui laba rugi                     17.761.405                       -                   -                   -                        -     17.761.405                    profit or loss                               transaksi perdagangan                   25.844.392                       -                  -                   -             200.161         26.044.553                       transactions
                          Diukur pada nilai wajar
                            melalui penghasilan                                                                                                                                                                                                    Tagihan atas efek-efek                                                                                                                                                   Securities purchased
                            komprehensif lain                     76.832.496                       -                   -                   -           5.233.174          82.065.670            Fair value through OCI                               yang dibeli dengan                                                                                                                                                      under agreements
                          Diukur pada biaya                                                                                                                                                                                                          janji dijual kembali                    22.692.928                       -                  -                   -                   -         22.692.928                             to resell
                            perolehan diamortisasi              142.441.103                        -                   -                   -          10.594.767         153.035.870                    Amortised cost                             Tagihan derivatif                          1.862.557                       -                  -                   -             132.374          1.994.931             Derivatives receivables
                          Diukur pada biaya                                                                                                                                                                                                        Kredit yang diberikan                                                                                                                                                         Loans and sharia
                            perolehan                             22.560.953                       -                   -                   -                        -     22.560.953                              At cost
                        Tagihan lainnya -                                                                                                                                                        Other receivables-trade                             dan piutang/pembiayaan                                                                                                                                                         receivables/
                          transaksi perdagangan                   29.732.692                       -                   -                   -              241.425         29.974.117                       transactions                              syariah*)                                                                                                                                                                         financing*)
                        Tagihan atas efek-efek                                                                                                                                                     Securities purchased                              Korporasi                             341.746.589            37.314.490             6.504.337       19.951.960            83.137.199         488.654.575                          Corporate
                          yang dibeli dengan                                                                                                                                                        under agreements                                 Komersial                             157.186.462            36.714.332            25.446.684       10.688.853             3.808.823         233.845.154                       Commercial
                          janji dijual kembali                     8.290.138                       -                   -                   -                    -          8.290.138                             to resell                           Retail                                255.253.187            70.280.790            31.016.720       33.195.531             9.678.701         399.424.929                                Retail
                        Tagihan derivatif                          7.579.322                       -                   -                   -              182.186          7.761.508             Derivatives receivables
                        Kredit yang diberikan                                                                                                                                                           Loans and sharia                             Syariah                               146.698.505            56.042.446            15.646.467       11.727.492             7.792.627         237.907.537                               Sharia
                          dan piutang/pembiayaan                                                                                                                                                           receivables/                            Piutang pembiayaan                                                                                                                                                        Consumer financing
                          syariah*)                                                                                                                                                                           financing*)                            konsumen                                20.243.294            4.962.397             3.976.394        3.378.503                189.208         32.749.796                        receivables
                          Korporasi                             429.370.155            51.095.695             10.616.701       24.396.049           103.201.699          618.680.299                          Corporate                            Investasi bersih dalam                                                                                                                                                  Net investment finance
                          Komersial                             186.494.470            43.780.899             37.952.463       15.000.003             2.433.125          285.660.960                       Commercial                                sewa pembiayaan                          4.831.865               262.417             246.374           125.414                 23.172          5.489.242                               leases
                          Retail                                281.223.501            79.424.315             35.472.524       36.624.422            10.959.965          443.704.727                                Retail                         Tagihan akseptasi                         13.126.393                     -                   -                 -              1.667.495         14.793.888             Acceptance receivables
                          Syariah                               165.745.732            66.832.059             19.106.724       13.960.948             9.525.163          275.170.626                               Sharia
                        Piutang pembiayaan                                                                                                                                                          Consumer financing                             Aset lain-lain                                                                                                                                                                     Other assets
                          konsumen                                25.550.231            6.342.235              5.162.552        4.346.104                 172.184         41.573.306                        receivables                              Pendapatan yang masih
                        Investasi bersih dalam                                                                                                                                                    Net investment finance                               akan diterima                          8.133.984               427.858             168.667           353.436              1.174.235         10.258.180                   Accrued income
                          sewa pembiayaan                          4.711.290               461.340              336.805           218.446                  29.195          5.757.076                               leases                            Piutang transaksi                                                                                                                                               Receivables from customer
                        Tagihan akseptasi                          8.999.195                     -                    -                 -                 314.670          9.313.865             Acceptance receivables                                nasabah                                2.969.136                       -                  -                   -                       -       2.969.136                    transactions
                        Aset lain-lain                                                                                                                                                                       Other assets
                          Pendapatan yang masih                                                                                                                                                                                                      Tagihan terkait dengan                                                                                                                                       Receivables from transactions
                            akan diterima                          8.509.445               481.916              230.879           355.188              1.345.645          10.923.073                 Accrued Income                                    transaksi ATM dan                                                                                                                                                  related to ATM and
                          Piutang transaksi                                                                                                                                                Receivables from customer                                   kartu kredit                           7.379.393                       -                  -                   -                       -       7.379.393                      credit card
                            nasabah                                3.368.645                       -                   -                   -                        -      3.368.645                    transactions                                 Tagihan kepada                                                                                                                                                              Receivables to
                          Tagihan terkait dengan                                                                                                                                        Receivables from transactions                                  pemegang polis                           296.997                       -                  -                   -                       -         296.997                   policyholders
                            transaksi ATM dan                                                                                                                                                   related to ATM and
                            kartu kredit                           2.271.878                       -                   -                   -                        -      2.271.878                      credit card                                Penjualan efek-efek                                                                                                                                                      Receivables from
                          Tagihan kepada                                                                                                                                                               Receivables to                                  yang masih                                                                                                                                                         sales of marketable
                            pemegang polis                           415.944                       -                   -                   -                        -        415.944                   policyholders                                    harus diterima                          568.178                       -                  -                   -                2.533            570.711                       securities
                          Penjualan efek-efek                                                                                                                                                       Receivables from                                 Tagihan atas obligasi                                                                                                                                         Receivable from government
                            yang masih                                                                                                                                                          sales of marketable                                    pemerintah yang diagunkan              1.391.944                       -                  -                   -                       -       1.391.944     bonds pledged as collateral
                             harus diterima                          150.277                       -                   -                   -                 5.352           155.629                       securities
                          Tagihan atas obligasi                                                                                                                                          Receivable from government
                            pemerintah yang diagunkan                802.754                       -                   -                   -                        -        802.754     bonds pledged as collateral                                                                     1.577.666.665           206.194.735            83.071.071       79.571.189           134.919.252        2.081.422.912


                                                              1.689.616.856           248.418.460            109.003.694       94.901.160           173.639.686         2.315.579.856                                                       *)        Segmen untuk manajemen risiko dikelompokkan menjadi Korporasi, Komersial,                              *)          Segments of risk management are classified into Corporate, Commercial,
                                                                                                                                                                                                                                                      Retail, dan Syariah.                                                                                               Retail and Sharia.
                                                                                                                                                                                                                                            **)       Tidak termasuk efek-efek yang merupakan investasi dari pemegang polis unit-link                        **)         Excluding securities which are the investment of the Subsidiary’s unit-link
                 *)        Segmen untuk manajemen risiko dikelompokkan menjadi Korporasi, Komersial,                               *)          Segments of risk management are classified into Corporate, Commercial,                                 Entitas Anak yang tidak memiliki risiko kredit.                                                                    policyholders with no credit risk.
                           Retail, dan Syariah.                                                                                                Retail and Sharia.                                                                           ***)      Tidak termasuk obligasi pemerintah yang merupakan investasi dari pemegang                              ***)        Excluding government bonds from investments from Subsidiary’s unit-link
                 **)       Tidak termasuk efek-efek yang merupakan investasi dari pemegang polis unit-link                         **)         Excluding securities which are the investment of the Subsidiary’s unit-link                            polis unit-link Entitas Anak yang tidak memiliki risiko kredit.                                                    policyholders with no credit risk.
                           Entitas Anak yang tidak memiliki risiko kredit.                                                                     policyholders with no credit risk.                                                           ****)     Lain-lain termasuk portofolio di daerah Papua dan cabang luar negeri.                                  ****)       Others include portfolios in Papua and overseas branches.
                 ***)      Tidak termasuk obligasi pemerintah yang merupakan investasi dari pemegang                               ***)        Excluding government bonds from investments from Subsidiary’s unit-link
                           polis unit-link Entitas Anak yang tidak memiliki risiko kredit.                                                     policyholders with no credit risk.
                 ****)     Lain-lain termasuk portofolio di daerah Papua dan cabang luar negeri.                                   ****)       Others include portfolios in Papua and overseas branches.




PT BANK MANDIRI (PERSERO) TBK                                                                1646                   367                                                                                                                                                                                                                 1647
                                                                                                                                                                                                                                                                                                                                           368                                                                ANNUAL REPORT 2024
Page 546
           FINANCIAL STATEMENTS 2024


                                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                                    PT BANK MANDIRI (PERSERO) Tbk.
                                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                                          DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                        NOTES TO THE CONSOLIDATED                                              CATATAN ATAS LAPORAN KEUANGAN                                                                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                               FINANCIAL STATEMENTS                                            KONSOLIDASIAN                                                                                                                               FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                               31 DECEMBER 2024 AND 2023                                           31 DESEMBER 2024 DAN 2023                                                                                                               31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                      (Expressed in millions of Rupiah, unless otherwise stated)                                    (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                      (Expressed in millions of Rupiah, unless otherwise stated)

                                                                                                                                                                                            62. MANAJEMEN RISIKO (lanjutan)                                                                              62. RISK MANAGEMENT (continued)
62. MANAJEMEN RISIKO (lanjutan)                                                            62. RISK MANAGEMENT (continued)                                                                      A. Risiko kredit (lanjutan)                                                                                  A. Credit risk (continued)
                                                                                                                                                                                                (i)   Eksposur      maksimum risiko kredit tanpa                                                              (i)      Maximum exposure to credit risk without
                                                                                                                                                                                                      memperhitungkan agunan dan pendukung kredit                                                                      considering collateral held and other credit
     A.     Risiko kredit (lanjutan)                                                               A.      Credit risk (continued)                                                                    lainnya (lanjutan)                                                                                               supports (continued)
                                                                                                                                                                                                      Konsentrasi risiko aset keuangan                                                  dengan                         Concentration of risks of financial assets with credit
     (i)    Eksposur      maksimum risiko kredit tanpa                                             (i)    Maximum exposure to credit risk without                                                     eksposur risiko kredit (lanjutan)                                                                                risk exposure (continued)
            memperhitungkan agunan dan pendukung kredit                                                   considering collateral held and other credit                                                b)          Sektor industri                                                                                      b)     Industry sectors
            lainnya (lanjutan)                                                                            supports (continued)                                                                                    Tabel berikut ini menggambarkan rincian                                                                     The following table describe Bank’s credit
                                                                                                                                                                                                                  eksposur kredit Bank pada nilai bruto (tanpa                                                                exposure at gross amounts (without taking into
                                                                                                                                                                                                                  memperhitungkan      cadangan       kerugian                                                                account any allowance for impairment losses,
            Konsentrasi risiko aset keuangan                               dengan                         Concentration of risks of financial assets with credit                                                  penurunan nilai, agunan atau pendukung                                                                      collateral held or other credit support), as
            eksposur risiko kredit (lanjutan)                                                             risk exposure (continued)                                                                               kredit   lainnya),   yang      dikategorikan                                                                categorised by industry sectors as of
                                                                                                                                                                                                                  berdasarkan sektor industri pada tanggal                                                                    31 December 2024 and 2023.
                                                                                                                                                                                                                  31 Desember 2024 dan 2023.
                                                                                                                                                                                                                                                                                                           2024
            a)   Sektor geografis (lanjutan)                                                              a)     Geographical sectors (continued)
                                                                                                                                                                                                                                                                      Lembaga
                                                                                                                                                                                                                                                                     keuangan/
                                                                                                                                                                                                                                                                        Bank/                                               Jasa dunia
                                                                                                                                                                                                                                                                      Financial                                               usaha/
                 Eksposur risiko kredit atas rekening                                                            Credit risk exposure relating to administrative
                                                                                                                                                                                                                                                                                                                                                           ****)
                                                                                                                                                                                                                                                Pemerintah/          institution/         Industri/      Pertanian/          Business           Lain-lain****)  /
                                                                                                                                                                                                                                                Government              Bank            Manufacturing    Agriculture         services            Others                    Total
                 administratif adalah sebagai berikut:                                                           accounts are as follows:
                                                                                                                                                                                                                  Giro pada                                     -     105.146.044                    -                 -                    -                       -    105.146.044        Current accounts with
                                                                                                                                                                                                                    Bank Indonesia                                                                                                                                                             Bank Indonesia
                                                                                                                                                                                                                  Giro pada                                                                                                                                                                 Current accounts with
                                                                                                   2024                                                                                                             bank lain                                   -      46.668.439                    -                 -                    -                       -     46.668.439               other banks
                                                                                                                                                                                                                  Penempatan pada                                                                                                                                                                  Placement with
                                                                                                                                                                                                                    Bank Indonesia                                                                                                                                                           Bank Indonesia and
                                                         Jawa                                                                        **)
                                                                                                                             Lain-lain /                                                                            dan bank lain                               -      63.230.054                    -                 -                    -                       -     63.230.054                 other banks
                                                                                                                                                                                                                  Efek-efek **)                                                                                                                                                            Marketable securities**)
                                                      dan/and Bali     Sumatera       Kalimantan          Sulawesi            Others**)        Total                                                                Pemerintah                                                                                                                                                                      Government
                                                                                                                                                                                                                      Diukur pada nilai wajar                                                                                                                                               Fair value through
                                                                                                                                                                                                                        melalui laba rugi           10.886.578                      -                -                 -                    -                       -     10.886.578            profit or loss
                                                                                                                                                                                                                      Diukur pada nilai wajar                                                                                                                                               Fair value through
                 Rekening administratif                                                                                                                          Administrative accounts                                melalui penghasilan                                                                                                                                             other comprehensive
                                                                                                                                                                                                                        komprehensif lain             1.779.038                     -                -                 -                    -                       -      1.779.038                  income
                  Bank garansi yang diterbitkan         135.721.611        331.051          32.259              25.680           2.446.902     138.557.503     Bank guarantees issued                                 Diukur pada biaya
                  Fasilitas kredit yang diberikan                                                                                                                                                                       perolehan
                                                                                                                                                                                                                        diamortisasi                    718.802                     -                -                 -                    -                       -        718.802             Amortised cost
                    yang belum digunakan*)                50.590.260      6.504.322       1.131.402            267.295          32.298.069      90.791.348       Unused loan facilities*)                             Diukur pada biaya
                                                                                                                                                                                                                        perolehan                               -                   -                -                 -                    -                       -                                   At cost
                  Letter of credit yang tidak dapat                                                                                                                                                                 Non-Pemerintah                                                                                                                                                              Non government
                    dibatalkan yang                                                                                                                             Outstanding irrevocable                               Diukur pada nilai wajar                                                                                                                                               Fair value through
                                                                                                                                                                                                                        melalui laba rugi                       -      11.057.404               21.731               15                48.833              30.373         11.158.356            profit or loss
                    masih berjalan                        21.543.558        18.450                 -                   -           877.655      22.439.663             letter of credit                               Diukur pada nilai wajar                                                                                                                                               Fair value through
                                                                                                                                                                                                                        melalui penghasilan                                                                                                                                             other comprehensive
                  Standby letter of credit                11.697.117        70.124                 -                   -           541.448      12.308.689       Standby letter of credit                               komprehensif lain                       -      42.650.923              119.032        386.277                 506.815          1.603.281          45.266.328                  income
                                                                                                                                                                                                                      Diukur pada biaya
                                                                                                                                                                                                                        perolehan
                                                        219.552.546       6.923.947       1.163.661            292.975          36.164.074     264.097.203                                                              diamortisasi                            -        5.034.926             631.127        245.000              1.586.142             739.048           8.236.243             Amortised cost
                                                                                                                                                                                                                      Diukur pada biaya
                                                                                                                                                                                                                        perolehan                               -        2.682.731                   -                 -              213.800            345.000           3.241.531                     At cost
                                                                                                                                                                                                                  Obligasi pemerintah***)                                                                                                                                                    Government bonds***)
                                                                                                                                                                                                                    Diukur pada nilai wajar                                                                                                                                                   Fair value through
                                                                                                                                                                                                                      melalui laba rugi             17.761.405                      -                -                 -                    -                       -     17.761.405              profit or loss
                                                                                                   2023                                                                                                             Diukur pada nilai wajar                                                                                                                                                   Fair value through
                                                                                                                                                                                                                      melalui penghasilan                                                                                                                                                 other comprehensive
                                                         Jawa                                                                        **)
                                                                                                                             Lain-lain /                                                                              komprehensif lain             82.065.670                      -                -                 -                    -                       -     82.065.670                    income
                                                                                                                                                                                                                    Diukur pada biaya
                                                      dan/and Bali     Sumatera       Kalimantan          Sulawesi            Others**)        Total                                                                  perolehan
                                                                                                                                                                                                                      diamortisasi                 153.035.870                      -                -                 -                    -                       -    153.035.870               Amortised cost
                                                                                                                                                                                                                    Diukur pada biaya
                                                                                                                                                                                                                      perolehan                     22.560.953                      -                -                 -                    -                       -     22.560.953                        At cost
                 Rekening administratif                                                                                                                          Administrative accounts                          Tagihan lainnya -                                                                                                                                                             Other receivables -
                                                                                                                                                                                                                    transaksi perdagangan                       -        1.753.545                   -                 -                    -        28.220.572           29.974.117          trade transactions
                  Bank garansi yang diterbitkan         111.755.316        461.562          52.231              61.121           2.270.223     114.600.453     Bank guarantees issued                             Tagihan atas efek-efek                                                                                                                                                     Securities purchased
                                                                                                                                                                                                                    yang dibeli dengan                                                                                                                                                              under resale
                  Fasilitas kredit yang diberikan                                                                                                                                                                   janji dijual kembali                        -        8.290.138                   -                -                    -                   -           8.290.138                 agreements
                    yang belum digunakan*)                47.457.497      6.832.486       1.499.775            427.547          30.759.661      86.976.966       Unused loan facilities*)                         Tagihan derivatif                             -        3.631.354             877.100              216            2.673.918             578.920           7.761.508       Derivatives receivables
                                                                                                                                                                                                                  Kredit yang diberikan dan                                                                                                                                                       Loans and sharia
                  Letter of credit yang tidak dapat                                                                                                                                                                 piutang/pembiayaan                                                                                                                                                               receivables/
                    dibatalkan yang                                                                                                                             Outstanding irrevocable                             syariah*)                                                                                                                                                                           financing*)
                                                                                                                                                                                                                    Korporasi                       85.081.375           8.101.679         285.310.062     32.237.613        137.660.676            70.288.894           618.680.299                    Corporate
                    masih berjalan                        19.847.952             -                 -                   -         1.034.020      20.881.972             letter of credit                             Komersial                                -           1.735.764         100.195.185     56.309.051         88.085.089            39.335.871           285.660.960                 Commercial
                                                                                                                                                                                                                    Retail                                   -              53.922          25.616.926     43.506.687        110.664.838           263.862.354           443.704.727                         Retail
                  Standby letter of credit                13.985.388        69.604                 -                   -           704.290      14.759.282       Standby letter of credit                           Syariah                         25.658.512           5.806.852          12.754.202     24.252.209         22.883.334           183.815.517           275.170.626                        Sharia
                                                                                                                                                                                                                  Piutang pembiayaan                                                                                                                                                          Consumer financing
                                                                                                                                                                                                                    konsumen                             45.265            120.151             113.459         69.112                  67.538        41.157.781           41.573.306                  receivables
                                                        193.046.153       7.363.652       1.552.006            488.668          34.768.194     237.218.673                                                        Investasi bersih dalam                                                                                                                                                    Net investment finance
                                                                                                                                                                                                                    sewa pembiayaan                       3.938             10.348              19.577         35.238                  17.077          5.670.898           5.757.076                        leases
                                                                                                                                                                                                                  Tagihan akseptasi                           -          1.056.048           2.726.997         85.489                       -          5.445.331           9.313.865       Acceptance receivables
                                                                                                                                                                                                                  Aset lain-lain                                                                                                                                                                       Other assets
                                                                                                                                                                                                                    Pendapatan yang masih
                 *)     Termasuk fasilitas kredit committed dan uncommitted kartu                                *)        Include unused committed and uncommitted credit card                                       akan diterima                   1.949.949            420.961             699.472        224.822                 140.370          7.487.499          10.923.073             Accrued income
                                                                                                                                                                                                                    Piutang transaksi                                                                                                                                                           Receivables from
                        kredit yang belum digunakan.                                                                       facilities                                                                                 nasabah                                   -                   -                -                 -                    -          3.368.645           3.368.645     customer transactions
                                                                                                                                                                                                                    Tagihan terkait dengan                                                                                                                                                      Receivables from
                 **)    Lain-lain termasuk portofolio di daerah Papua dan cabang                                 **)       Others include portfolios in Papua and overseas branches.                                  transaksi                                                                                                                                                          transactions related to
                        luar negeri.                                                                                                                                                                                  ATM dan kartu kredit                      -                   -                -                 -                    -          2.271.878           2.271.878       ATM and credit card
                                                                                                                                                                                                                    Tagihan kepada                                                                                                                                                                 Receivables to
                                                                                                                                                                                                                      pemegang polis                            -          415.944                   -                 -                    -                       -        415.944              policyholders
                                                                                                                                                                                                                    Penjualan efek-efek                                                                                                                                                          Receivable from
                                                                                                                                                                                                                      yang masih                                                                                                                                                            sales of marketable
                                                                                                                                                                                                                       harus diterima                           -          155.629                   -                 -                    -                       -        155.629                  securities
                                                                                                                                                                                                                    Tagihan atas obligasi                                                                                                                                                       Receivables from
                                                                                                                                                                                                                      pemerintah yang                                                                                                                                                        government bonds
                                                                                                                                                                                                                      diagunkan                                 -          802.754                   -                 -                    -                       -        802.754       pledged as collateral

                                                                                                                                                                                                                                                  401.547.355          308.825.610        429.084.870     157.351.729       364.548.430            654.221.862          2.315.579.856

                                                                                                                                                                                                           *)        Segmen untuk manajemen risiko dikelompokkan menjadi Korporasi, Komersial,                                *)         Segments of risk management are classified into Corporate, Commercial,
                                                                                                                                                                                                                     Retail, dan Syariah.                                                                                                Retail, and Sharia.
                                                                                                                                                                                                           **)       Tidak termasuk efek-efek yang merupakan investasi dari pemegang polis unit-                              **)        Excluding marketable securities from investment from the Subsidiary’s unit-
                                                                                                                                                                                                                     link Entitas Anak yang tidak memiliki risiko kredit.                                                                link policyholders with no credit risk.
                                                                                                                                                                                                           ***)      Tidak termasuk obligasi pemerintah yang merupakan investasi dari pemegang                                ***)       Excluding government bonds from investments from Subsidiary’s unit-link
                                                                                                                                                                                                                     polis unit-link Entitas Anak yang tidak memiliki risiko kredit.                                                     policyholders with no credit risk.
                                                                                                                                                                                                           ****)     Lain-lain termasuk perdagangan, restoran dan hotel, tambang, pengangkutan,
                                                                                                                                                                                                                     pergudangan dan komunikasi, konstruksi, listrik, gas dan air dan jasa sosial.
                                                                                                                                                                                                                                                                                                                              ****)      Others including trading, restaurant and hotel, mining, transportation,
                                                                                                                                                                                                                                                                                                                                         warehousing and communication, construction, gas and water, and social
                                                                                                                                                                                                                                                                                                                                         services.




PT BANK MANDIRI (PERSERO) TBK                                                 1648             369                                                                                                                                                                                                   1649
                                                                                                                                                                                                                                                                                                        370                                                                        ANNUAL REPORT 2024
Page 547
           FINANCIAL STATEMENTS 2024


                                                                    PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                                                 PT BANK MANDIRI (PERSERO) Tbk.
                                                               DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                          NOTES TO THE CONSOLIDATED                                                             CATATAN ATAS LAPORAN KEUANGAN                                                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                                 FINANCIAL STATEMENTS                                                           KONSOLIDASIAN                                                                                                              FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                                                 31 DECEMBER 2024 AND 2023                                                          31 DESEMBER 2024 DAN 2023                                                                                              31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                        (Expressed in millions of Rupiah, unless otherwise stated)                                                   (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                     (Expressed in millions of Rupiah, unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                                                                62. RISK MANAGEMENT (continued)                                                                               62. MANAJEMEN RISIKO (lanjutan)                                                             62. RISK MANAGEMENT (continued)
     A.     Risiko kredit (lanjutan)                                                                                A.       Credit risk (continued)
                                                                                                                                                                                                                                 A.    Risiko kredit (lanjutan)                                                               A.       Credit risk (continued)
     (i)    Eksposur      maksimum risiko kredit tanpa                                                              (i)      Maximum exposure to credit risk without
            memperhitungkan agunan dan pendukung kredit                                                                      considering collateral held and other credit
                                                                                                                                                                                                                                 (i)   Eksposur      maksimum risiko kredit tanpa                                             (i)      Maximum exposure to credit risk without
            lainnya (lanjutan)                                                                                               supports (continued)
                                                                                                                                                                                                                                       memperhitungkan agunan dan pendukung kredit                                                     considering collateral held and other credit
            Konsentrasi risiko aset keuangan                                                  dengan                         Concentration of risks of financial assets with credit                                                    lainnya (lanjutan)                                                                              supports (continued)
            eksposur risiko kredit (lanjutan)                                                                                risk exposure (continued)

            b)          Sektor industri (lanjutan)                                                                           b)     Industry sectors (continued)                                                                       Konsentrasi risiko aset keuangan                                  dengan                        Concentration of risks of financial assets with credit
                                                                                                                                                                                                                                       eksposur risiko kredit (lanjutan)                                                               risk exposure (continued)
                                                                                                                 2023
                                                                            Lembaga
                                                                           keuangan/                                                                                                                                                   b)   Sektor industri (lanjutan)                                                                 b)     Industry sectors (continued)
                                                                              Bank/                                               Jasa dunia
                                                                            Financial                                               usaha/
                                                      Pemerintah/          institution/         Industri/      Pertanian/          Business           Lain-lain ****)/
                                                      Government              Bank            Manufacturing    Agriculture         services            Others****)              Total                                                       Eksposur risiko kredit atas rekening                                                              Credit risk exposure relating to administrative
                                                                                                                                                                                                                                            administratif adalah sebagai berikut:                                                             accounts items are as follows:
                        Giro pada                                                                                                                                                                  Current accounts with
                          Bank Indonesia                              -     108.605.322                    -                 -                    -                      -    108.605.322            Bank Indonesia
                        Giro pada                                                                                                                                                                  Current accounts with
                          bank lain                                   -      36.606.090                    -                 -                    -                      -     36.606.090                 other banks                                                                                                      2024
                        Penempatan pada                                                                                                                                                                   Placement with
                          Bank Indonesia                                                                                                                                                         Bank Indonesia and                                                                        Lembaga
                          dan bank lain                               -      73.888.157                    -                 -                    -                      -     73.888.157               other banks                                                                       keuangan/
                        Efek-efek **)                                                                                                                                                             Marketable securities**)                                                                   Bank/                                          Jasa dunia
                          Pemerintah                                                                                                                                                                       Government
                            Diukur pada nilai wajar                                                                                                                                                Fair value through                                                                      Financial                                          usaha/
                              melalui laba rugi             9.613.295                     -                -                 -                    -                      -      9.613.295              profit or loss                                                   Pemerintah/       institution/     Industri/     Pertanian/          Business          Lain-lain **)/
                            Diukur pada nilai wajar                                                                                                                                                Fair value through                                                   Government           Bank        Manufacturing   Agriculture         services           Others**)        Total
                              melalui penghasilan                                                                                                                                             other comprehensive
                              komprehensif lain             1.425.783                     -                -                 -                    -                      -      1.425.783                    income
                            Diukur pada biaya
                              perolehan                                                                                                                                                                                                     Rekening administratif                                                                                                                                Administrative accounts
                              diamortisasi                    690.638                     -                -                 -                    -                      -        690.638             Amortised cost                         Bank garansi yang
                          Non-Pemerintah                                                                                                                                                              Non government
                            Diukur pada nilai wajar                   -        9.494.926              29.812              13                 79.588            152.756          9.757.095         Fair value through                           diterbitkan                     2.382        51.064.346      40.619.857        568.693                32.156       46.270.069    138.557.503     Bank guarantees issued
                              melalui laba rugi                                                                                                                                                        profit or loss                        Fasilitas kredit yang
                            Diukur pada nilai wajar                                                                                                                                               Fair value through                           diberikan yang
                              melalui penghasilan                                                                                                                                             other comprehensive
                              komprehensif lain                       -      43.576.589              144.021        380.819                 632.716         2.663.872          47.398.017                    income                            belum digunakan*)          26.371.180         2.614.575       5.345.452      3.725.464                    47       52.734.630     90.791.348      Unused loan facilities*)
                            Diukur pada biaya                                                                                                                                                                                                Letter of credit yang
                              perolehan                                                                                                                                                                                                        tidak dapat dibatalkan                                                                                                                           Outstanding irrevocable
                              diamortisasi                            -        1.868.037             512.000        245.000              1.659.736             932.964          5.217.737              Amortised cost                          yang masih berjalan                    -         25.389       8.366.219        124.537              1.779.398      12.144.120     22.439.663            letter of credit
                            Diukur pada biaya
                              perolehan                               -          433.084              75.000         85.000                 213.800            493.999          1.300.883                      At cost                       Standby letter of credit                 -        210.044       2.268.237         38.581              2.065.350       7.726.477     12.308.689      Standby letter of credit
                        Obligasi pemerintah***)                                                                                                                                                    Government bonds***)
                          Diukur pada nilai wajar                                                                                                                                                   Fair value through                                                    26.373.562        53.914.354      56.599.765      4.457.275              3.876.951    118.875.296     264.097.203
                            melalui laba rugi             12.078.509                      -                -                 -                    -                      -     12.078.509               profit or loss
                          Diukur pada nilai wajar                                                                                                                                                   Fair value through
                            melalui penghasilan                                                                                                                                                 other comprehensive
                            komprehensif lain             90.640.924                      -                -                 -                    -                      -     90.640.924                     income
                          Diukur pada biaya                                                                                                                                                                                                                                                                                2023
                            perolehan
                            diamortisasi                 163.194.756                      -                -                 -                    -                      -    163.194.756                Amortised cost                                                                    Lembaga
                          Diukur pada biaya                                                                                                                                                                                                                                               keuangan/
                            perolehan                     34.541.812                      -                -                 -                    -                      -     34.541.812                        At cost
                        Tagihan lainnya -                                                                                                                                                              Other receivables-                                                                    Bank/                                          Jasa dunia
                          transaksi perdagangan                       -        1.544.564                   -                 -                    -        24.499.989          26.044.553           trade transactions                                                                     Financial                                          usaha/
                        Tagihan atas efek-efek                                                                                                                                                     Securities purchased                                                 Pemerintah/       institution/     Industri/     Pertanian/          Business          Lain-lain **)/
                          yang dibeli dengan                                                                                                                                                              under resale                                                  Government           Bank        Manufacturing   Agriculture         services           Others**)        Total
                          janji dijual kembali                        -      22.688.379                    -                 -                4.549                 -          22.692.928                  agreements
                        Tagihan derivatif                             -          28.932                    -                 -                    -         1.965.999           1.994.931        Derivatives receivables
                        Kredit yang diberikan dan                                                                                                                                                       Loans and sharia
                          piutang/pembiayaan                                                                                                                                                               receivables/                     Rekening administratif                                                                                                                                Administrative accounts
                          syariah*)                                                                                                                                                                          financing*)
                          Korporasi                       59.690.119           6.526.940         244.885.113     31.304.254         92.736.188            53.511.961          488.654.575                     Corporate                      Bank garansi yang
                          Komersial                                -           1.596.142          75.274.796     51.693.660         73.043.037            32.237.519          233.845.154                  Commercial                          diterbitkan                     3.750        30.646.861      33.567.311        560.228                 2.919       49.819.384    114.600.453     Bank guarantees issued
                          Retail                                   -              58.970          21.657.576     41.134.628        100.253.211           236.320.544          399.424.929                         Retail                     Fasilitas kredit yang
                          Syariah                         20.953.214           5.869.696          11.796.536     17.868.523         20.150.979           161.268.589          237.907.537                        Sharia                        diberikan yang
                        Piutang pembiayaan                                                                                                                                                          Consumer financing
                          konsumen                             52.708             95.885             116.525         74.139                 102.359        32.308.180          32.749.796                   receivables                        belum digunakan*)          25.393.231         2.337.331       4.726.587      1.950.683                      -      52.569.134     86.976.966      Unused loan facilities*)
                        Investasi bersih dalam                                                                                                                                                    Net investment finance                     Letter of credit yang
                          sewa pembiayaan                        5.077             9.599              66.330         77.552                  34.129         5.296.555           5.489.242                        leases                        tidak dapat dibatalkan                                                                                                                           Outstanding irrevocable
                        Tagihan akseptasi                            -         1.415.573           2.262.557         13.466                       -        11.102.292          14.793.888        Acceptance receivables
                        Aset lain-lain                                                                                                                                                                       Other assets                      yang masih berjalan                    -        650.808       2.496.570        147.711              4.056.376      13.530.507     20.881.972            letter of credit
                          Pendapatan yang masih                                                                                                                                                                                              Standby letter of credit                 -        299.776       2.879.219         18.443              1.988.446       9.573.398     14.759.282      Standby letter of credit
                            akan diterima                   5.818.797          1.747.831           1.552.173        237.239                 289.233            612.907         10.258.180              Accrued income
                          Piutang transaksi                                                                                                                                                           Receivables from                                                    25.396.981        33.934.776      43.669.687      2.677.065              6.047.741    125.492.423     237.218.673
                            nasabah                                   -           27.808                   -                 -                    -         2.941.328           2.969.136      customer transactions
                          Tagihan terkait dengan                                                                                                                                                      Receivables from
                            transaksi                                                                                                                                                          transactions related to
                            ATM dan kartu kredit                      -                   -                -                 -                    -         7.379.393           7.379.393        ATM and credit card
                          Tagihan kepada                                                                                                                                                                 Receivables to                     *)     Termasuk fasilitas kredit committed dan uncommitted kartu                                  *)        Include unused committed and uncommitted credit card facilities
                            pemegang polis                            -          296.997                   -                 -                    -                      -        296.997               policyholders                              kredit yang belum digunakan.
                          Penjualan efek-efek                                                                                                                                                          Receivable from
                            yang masih                                                                                                                                                            sales of marketable                       **)    Lain-lain termasuk perdagangan, restoran dan hotel, tambang,                               **)       Others including trading, restaurant and hotel, mining,
                             harus diterima                           -          570.711                   -                 -                    -                      -        570.711                   securities                             pengangkutan, pergudangan dan komunikasi, konstruksi,                                                transportation, warehousing, construction, gas and water, and
                          Tagihan atas obligasi                                                                                                                                                       Receivables from
                            pemerintah yang                           -        1.391.944                   -                 -                    -                      -      1.391.944          government bonds                                listrik, gas dan air, dan jasa sosial.                                                               social services
                            diagunkan                                                                                                                                                            pledged as collateral

                                                         398.705.632        318.342.176          358.372.439    143.114.293        289.199.525           573.688.847         2.081.422.912

                 *)        Segmen untuk manajemen risiko dikelompokkan menjadi Korporasi, Komersial,                                *)         Segments of risk management are classified into Corporate, Commercial,
                           Retail, dan Syariah.                                                                                                Retail and Sharia.
                 **)       Tidak termasuk efek-efek yang merupakan investasi dari pemegang polis unit-                              **)        Excluding marketable securities from investment from the Subsidiary’s unit-
                           link Entitas Anak yang tidak memiliki risiko kredit.                                                                link policyholders with no credit risk.
                 ***)      Tidak termasuk obligasi pemerintah yang merupakan investasi dari pemegang                                ***)       Excluding government bonds from investments from Subsidiary’s unit-link
                           polis unit-link Entitas Anak yang tidak memiliki risiko kredit.                                                     policyholders with no credit risk.
                 ****)     Lain-lain termasuk perdagangan, restoran dan hotel, tambang, pengangkutan,                               ****)      Others including trading, restaurant and hotel, mining, transportation,
                           pergudangan dan komunikasi, konstruksi, listrik, gas dan air dan jasa sosial.                                       warehousing and communication, construction, gas and water, and social
                                                                                                                                               services.




PT BANK MANDIRI (PERSERO) TBK                                                                  1650              371                                                                                                                                                                                                1651
                                                                                                                                                                                                                                                                                                                       372                                                               ANNUAL REPORT 2024
Page 548
          FINANCIAL STATEMENTS 2024


                                                 PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                        PT BANK MANDIRI (PERSERO) Tbk.
                                            DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                              DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                   NOTES TO THE CONSOLIDATED                                           CATATAN ATAS LAPORAN KEUANGAN                                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                          FINANCIAL STATEMENTS                                         KONSOLIDASIAN                                                                                                     FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                          31 DECEMBER 2024 AND 2023                                        31 DESEMBER 2024 DAN 2023                                                                                     31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                 (Expressed in millions of Rupiah, unless otherwise stated)                                 (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                            (Expressed in millions of Rupiah, unless otherwise stated)

                                                                                                                                                                                    62. MANAJEMEN RISIKO (lanjutan)                                                  62. RISK MANAGEMENT (continued)
62. MANAJEMEN RISIKO (lanjutan)                                                     62. RISK MANAGEMENT (continued)
                                                                                                                                                                                        A.   Risiko kredit (lanjutan)                                                      A.         Credit risk (continued)
     A.    Risiko kredit (lanjutan)                                                        A.        Credit risk (continued)
                                                                                                                                                                                             (ii) Kualitas aset keuangan (lanjutan)                                                   (ii) Financial assets quality (continued)
           (ii) Kualitas aset keuangan                                                               (ii) Financial assets quality
                                                                                                                                                                                                 Tabel di bawah menunjukkan kualitas aset                                                 The following tables show the quality of
               Tabel di bawah menunjukkan kualitas aset                                                  The following tables show the quality of                                                keuangan berdasarkan golongan aset untuk                                                 financial assets by asset class for all financial
               keuangan berdasarkan golongan aset untuk                                                  financial assets by asset class for all financial                                       semua aset keuangan yang mempunyai risiko                                                assets exposed by credit risk (excluding
               semua aset keuangan yang mempunyai risiko                                                 assets exposed by credit risk (excluding                                                kredit (diluar cadangan kerugian penurunan                                               allowance for impairment losses) for financial
               kredit (diluar cadangan kerugian penurunan                                                allowance for impairment losses) for financial                                          nilai) untuk aset keuangan dari Entitas Anak                                             assets from sharia Subsidiary (for financial
               nilai) untuk aset keuangan dari Entitas Anak                                              assets from sharia Subsidiary (for financial                                            syariah (untuk kualitas aset keuangan selain                                             assets other than from sharia Subsidiary are
               syariah (untuk kualitas aset keuangan selain                                              assets other than from sharia Subsidiary are                                            dari Entitas Anak syariah dikelompokkan                                                  classified based on stage) (Note 5, 6, 7, 8, 9,
               dari Entitas Anak syariah dikelompokkan                                                   classified based on stage) (Note 5, 6, 7, 8, 9,                                         berdasarkan stage) (Catatan 5, 6, 7, 8, 9, 12,                                           12, and 15) (continued):
               berdasarkan stage) (Catatan 5, 6, 7, 8, 9, 12,                                            12, and 15):                                                                            dan 15) (lanjutan):
               dan 15):                                                                                                                                                                                                                                            2024
                                                                                                                                                                                                                                                                    Telah jatuh
                                                                                  2024                                                                                                                                               Belum jatuh tempo atau        tempo tetapi
                                                                                                                                                                                                                                  tidak mengalami penurunan            tidak
                                                                                   Telah jatuh                                                                                                                                       nilai/Neither past due         mengalami
                                                   Belum jatuh tempo atau         tempo tetapi                                                                                                                                             nor impaired             penurunan
                                                tidak mengalami penurunan             tidak                                                                                                                                                                            nilai/           Mengalami
                                                                                                                                                                                                                                                     Tingkat         Past due           penurunan
                                                   nilai/Neither past due          mengalami                                                                                                                                      Tingkat tinggi/    standar/         but not              nilai/        Jumlah/
                                                         nor impaired              penurunan                                                                                                                                       High grade     Standard grade     impaired            Impaired         Total
                                                                                      nilai/           Mengalami
                                                                   Tingkat          Past due           penurunan                                                                                 Rekening administratif                                                                                                      Administrative accounts
                                                                                                                                                                                                  Bank garansi yang diterbitkan       1.301.664                -                  -                 -     1.301.664       Bank guarantees issued
                                                Tingkat tinggi/    standar/          but not              nilai/          Jumlah/                                                                 Letter of credit yang tidak
                                                 High grade     Standard grade      impaired            Impaired           Total                                                                   dapat dibatalkan yang                                                                                                  Outstanding irrevocable
                                                                                                                                                                                                   masih berjalan                      364.586                 -                  -                 -       364.586              letter of credit
                                                                                                                                                                                                  Standby letter of credit             739.062                 -                  -                 -       739.062        Standby letter of credit
               Aset                                                                                                                                                    Assets
               Giro pada Bank Indonesia           13.838.304                 -                   -                 -       13.838.304    Current accounts with Bank Indonesia                                                         2.405.312                -                  -                 -     2.405.312
               Giro pada bank lain                 1.480.874                 -                   -                 -        1.480.874       Current accounts with other banks
               Penempatan pada bank Indonesia                                                                                                  Placement with Bank Indonesia
                  dan bank lain                   36.127.975                 -                   -                 -       36.127.975                     and other banks                                                                                          2023
               Efek-efek*)                                                                                                                              Marketable securities*)                                                                                     Telah jatuh
                  Pemerintah                      23.303.366                 -                   -                 -       23.303.366                          Government                                                            Belum jatuh tempo atau        tempo tetapi
                  Non pemerintah                   5.814.920                 -                   -                 -        5.814.920                     Non government                                                          tidak mengalami penurunan            tidak
               Obligasi pemerintah*)              35.419.634                 -                   -                 -       35.419.634                     Government bonds*)                                                         nilai/Neither past due         mengalami
                                                                                                                                                                                                                                           nor impaired             penurunan
               Tagihan lainnya - transaksi                                                                                                           Other receivables - trade                                                                                         nilai/           Mengalami
                  perdagangan                        319.422                 -                   -            43.429          362.851                          transactions                                                                          Tingkat         Past due           penurunan
               Kredit yang diberikan dan                                                                                                                     Loans and sharia                                                     Tingkat tinggi/    standar/         but not              nilai/        Jumlah/
                  piutang/pembiayaan syariah     255.049.260        9.885.245         4.991.430          5.244.691       275.170.626                  receivables/financing                                                        High grade     Standard grade     impaired            Impaired         Total
               Tagihan akseptasi                     185.145                -                 -                  -           185.145                  Acceptance receivables                     Rekening administratif                                                                                                      Administrative accounts
                                                                                                                                                                                                  Bank garansi yang diterbitkan       1.968.401                -                  -                 -     1.968.401       Bank guarantees issued
                                                                                                                                                                                                  Letter of credit yang tidak
                                                 371.538.900        9.885.245         4.991.430          5.288.120       391.703.695                                                               dapat dibatalkan yang                                                                                                  Outstanding irrevocable
                                                                                                                                                                                                   masih berjalan                      365.975                 -                  -                 -       365.975             letter of credit
                                                                                                                                                                                                  Standby letter of credit             869.436                 -                  -                 -       869.436        Standby letter of credit
               *)   Termasuk aset keuangan yang diukur pada nilai wajar melalui                          *)     Include financial assets measured at fair value through profit or                                                     3.203.812                -                  -                 -     3.203.812
                    laba rugi                                                                                   loss


                                                                                  2023                                                                                                           Tingkat tinggi                                                                           High grade
                                                                                   Telah jatuh
                                                   Belum jatuh tempo atau         tempo tetapi                                                                                                   (a)     Giro dan penempatan pada Bank                                                    (a)       Current accounts and placements with
                                                tidak mengalami penurunan             tidak                                                                                                              Indonesia, giro dan penempatan pada                                                        Bank Indonesia, current accounts and
                                                   nilai/Neither past due          mengalami                                                                                                             bank lain yaitu giro atau penempatan                                                       placements with other banks are current
                                                         nor impaired              penurunan
                                                                                      nilai/           Mengalami
                                                                                                                                                                                                         pada institusi Pemerintah, institusi                                                       accounts or placements with the
                                                                   Tingkat          Past due           penurunan                                                                                         Pemerintah     Daerah,    bank   yang                                                      Government            institutions, Local
                                                Tingkat tinggi/    standar/          but not              nilai/          Jumlah/                                                                        terdaftar di bursa serta transaksi                                                         Government institutions, banks listed on
                                                 High grade     Standard grade      impaired            Impaired           Total                                                                         dengan bank yang memiliki reputasi                                                         the stock exchange and transactions
                                                                                                                                                                                                         baik dengan tingkat kemungkinan                                                            with reputable banks with low probability
               Aset                                                                                                                                                   Assets                             gagal bayar atas kewajiban yang                                                            of default on liabilities.
               Giro pada Bank Indonesia           17.085.893                 -                   -                 -       17.085.893    Current accounts with Bank Indonesia
               Giro pada bank lain                 2.074.473                 -                   -                 -        2.074.473       Current accounts with other banks
                                                                                                                                                                                                         rendah.
               Penempatan pada bank Indonesia                                                                                                  Placement with Bank Indonesia                     (b)     Investasi pada surat berharga yaitu                                              (b)       Investments in marketable securities are
                  dan bank lain                   15.354.885                 -                   -                 -       15.354.885                     and other banks                                surat berharga yang diterbitkan oleh                                                       securities issued by Government,
               Efek-efek*)                                                                                                                             Marketable securities*)                           Pemerintah, efek-efek dan obligasi                                                         securities and bonds that are included in
                  Pemerintah                      24.891.839                 -                   -                 -       24.891.839                          Government
                  Non pemerintah                   3.078.370                 -                   -                 -        3.078.370                     Non government
                                                                                                                                                                                                         yang termasuk dalam investment grade                                                       investment grade with rating at least
               Obligasi pemerintah*)              43.483.542                 -                   -                 -       43.483.542                     Government bonds*)                             dengan rating minimal idBBB (Pefindo),                                                     idBBB (Pefindo), BBB+ (S&P), Baa1
               Tagihan lainnya - transaksi                                                                                                           Other receivables - trade                           BBB+ (S&P), Baa1 (Moody’s) atau                                                            (Moody’s) or BBB+ (Fitch).
                  perdagangan                        229.496                 -                   -            43.429          272.925                          transactions                              BBB+ (Fitch).
               Kredit yang diberikan dan
                  piutang/pembiayaan syariah     216.034.835       12.003.036         4.917.205          4.952.461       237.907.537
                                                                                                                                                             Loans and sharia
                                                                                                                                                      receivables/financing
                                                                                                                                                                                                 (c)     Pembiayaan, piutang, dan pinjaman                                                (c)       Financing, receivables and funds are
               Tagihan akseptasi                     431.228                -                 -                  -           431.228                  Acceptance receivables                             yaitu pembiayaan, piutang, dan                                                             financing, receivables and funds to
                                                                                                                                                                                                         pinjaman kepada debitur dengan                                                             debtors with excellent payments history
                                                                                                                                                                                                         riwayat pembayaran yang sangat baik                                                        and never being in arrears throughout
                                                 322.664.561       12.003.036         4.917.205          4.995.890       344.580.692
                                                                                                                                                                                                         dan     tidak    pernah    menunggak                                                       the financing period and debtors whose
                                                                                                                                                                                                         sepanjang jangka waktu pembiayaan                                                          accounts have never been restructured.
               *)   Termasuk aset keuangan yang diukur pada nilai wajar melalui                          *)     Include financial assets measured at fair value through profit or                        dan debitur dengan riwayat tidak
                    laba rugi                                                                                   loss                                                                                     pernah direstrukturisasi.
                                                                                                                                                                                                 (d)     Aset lain-lain yaitu piutang kepada                                              (d)       Other assets are receivables from
                                                                                                                                                                                                         Pemerintah (termasuk Bank Indonesia)                                                       Government (including Bank Indonesia)
                                                                                                                                                                                                         atau Pemerintah Daerah seperti                                                             or local government such as income
                                                                                                                                                                                                         piutang pendapatan yang masih akan                                                         receivables.
                                                                                                                                                                                                         diterima.
PT BANK MANDIRI (PERSERO) TBK                                         1652               373                                                                                                                                                                       165374                                              ANNUAL REPORT 2024
Page 549
          FINANCIAL STATEMENTS 2024


                                                    PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                           PT BANK MANDIRI (PERSERO) Tbk.
                                               DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                 DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                            NOTES TO THE CONSOLIDATED                                CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                   FINANCIAL STATEMENTS                              KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                   31 DECEMBER 2024 AND 2023                             31 DESEMBER 2024 DAN 2023                                                                  31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                          (Expressed in millions of Rupiah, unless otherwise stated)                      (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)         (Expressed in millions of Rupiah, unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                                 62. RISK MANAGEMENT (continued)                                                   62. MANAJEMEN RISIKO (lanjutan)                                62. RISK MANAGEMENT (continued)
     A.    Risiko kredit (lanjutan)                                                  A.         Credit risk (continued)
                                                                                                                                                                      B.   Risiko pasar dan risiko likuiditas (lanjutan)             B.   Market risk and liquidity risk (continued)
           (ii) Kualitas aset keuangan (lanjutan)                                           (ii) Financial assets quality (continued)
                 Tingkat standar                                                                    Standard grade                                                         (i)   Manajemen risiko likuiditas (lanjutan)                   (i)   Liquidity risk management (continued)

                 (a)    Giro dan penempatan pada bank lain                                          (a)      Current accounts and placements with                                GWM adalah simpanan minimum yang wajib                         GWM is a minimum deposits required to be
                        yaitu giro atau penempatan pada bank                                                 other banks are current accounts or
                        yang tidak terdaftar di bursa.                                                       placements with non-listed banks.                                   dipelihara oleh Bank dalam bentuk saldo                        maintained by the Bank in the form of current
                 (b)    Investasi pada surat berharga yaitu                                         (b)      Investments in marketable securities are                            rekening giro pada Bank Indonesia atau                         accounts with Bank Indonesia or marketable
                        surat berharga yang termasuk dalam                                                   non-investment grade securities with a                              surat berharga yang besarnya ditetapkan                        securities in which the amount is determined
                        non-investment grade dengan rating                                                   minimum rating of idBB (Pefindo), BBB-
                        minimal idBB (Pefindo), BBB- (S&P),                                                  (S&P), Baa3 (Moody’s) or BBB- (Fitch).                              oleh Bank Indonesia sebesar persentase                         by Bank Indonesia based on certain
                        Baa3 (Moody’s) atau BBB- (Fitch).                                                                                                                        tertentu dari dana pihak ketiga (DPK). PLM                     percentage from total deposits from
                 (c)    Pembiayaan, piutang, dan pinjaman                                           (c)      Financing, receivables and funds are                                merupakan persentase kepemilikan surat                         customers. PLM is an ownership percentage
                        yaitu pembiayaan, piutang, dan                                                       financing, receivables and funds to
                        pinjaman kepada debitur dengan                                                       debtors with a good payment history and                             berharga Rupiah yang dapat digunakan                           in Rupiah marketable securities which can be
                        riwayat pembayaran yang baik dan                                                     debtors whose accounts have been                                    dalam operasi pasar terbuka, antara lain                       used in open market operations i.e, SBI,
                        debitur    dengan      riwayat pernah                                                restructured.                                                       SBI, SDBI, SBN, dan SRBI.                                      SDBI, SBN, and SRBI.
                        direstrukturisasi.
                 (d)    Aset lain-lain yaitu aset keuangan                                          (d)      Other assets are financial assets other
                        lainnya selain piutang pendapatan                                                    than     income      receivables       from                         Cadangan likuiditas adalah alat likuid Bank                    Liquidity reserve is the Bank’s liquidity on top of
                        yang masih akan diterima kepada                                                      Government or Local Government such                                 di atas GWM dengan fungsi untuk                                GWM to anticipate unscheduled liquidity needs.
                        Pemerintah atau Pemerintah Daerah                                                    as other receivables to third parties.
                        seperti tagihan rupa-rupa kepada pihak                                                                                                                   pemenuhan kebutuhan likuiditas yang tidak                      In managing the liquidity reserve, Bank has
                        ketiga lainnya.                                                                                                                                          terjadwal. Dalam mengelola cadangan                            liquidity reserve limit in the form of safety level
                                                                                                                                                                                 likuiditas, Bank memiliki batasan dalam                        limit, which represents the Bank’s liquidity
                 Berdasarkan PSAK 107, aset keuangan                                               According to SFAS 107, past due financial
                 yang telah jatuh tempo ditentukan ketika                                          assets are determined when the debtor fails to                                bentuk limit safety level, yaitu proyeksi                      reserve projection for one following month. As
                 debitur gagal melakukan pembayaran sesuai                                         make payments on schedule. The table below                                    cadangan likuiditas Bank untuk 1 bulan ke                      of 31 December 2024, the liquidity reserve
                 jadwal. Tabel di bawah menunjukkan aging                                          shows aging analysis of past due but not                                      depan. Pada tanggal 31 Desember 2024,                          balance is above the safety level.
                 analysis terhadap aset keuangan yang                                              impaired of financial assets:
                 diberikan yang telah jatuh tempo tetapi tidak                                                                                                                   cadangan likuiditas berada di atas safety
                 mengalami penurunan nilai:                                                                                                                                      level.
                                                                         2024
                                                 ≤ 30 hari/
                                                   days
                                                               31 - 60 hari/
                                                                   days
                                                                                61 - 90 hari/
                                                                                    days
                                                                                                     Jumlah/
                                                                                                      Total
                                                                                                                                                                                 RIM adalah rasio hasil perbandingan antara                     RIM is a ratio of loans and qualified
                 Kredit yang diberikan dan                                                                                                     Loans and sharia                  kredit yang diberikan dan surat berharga                       marketable securities owned by the Bank to
                  piutang/pembiayaan syariah                                                                                            receivables/financing
                  Piutang murabahah                1.051.945        576.261          528.102              2.156.308                   Murabahah receivables                      korporasi yang memenuhi persyaratan                            the customer deposits, qualified debt
                  Pinjaman qardh                      28.917         11.945            2.295                 43.157                           Funds of qardh
                  Pembiayaan musyarakah            2.678.490         76.347           37.128              2.791.965                    Musyarakah financing                      tertentu yang dimiliki bank terhadap dana                      securities issued by the Bank and qualified
                                                   3.759.352        664.553          567.525              4.991.430                                                              pihak ketiga, surat-surat berharga yang                        borrowing received by the Bank. As of 31
                                                                                                                                                                                 memenuhi      persyaratan   tertentu yang                      December 2024, the Banks’s RIM is 94.83%.
                                                                         2023
                                                 ≤ 30 hari/    31 - 60 hari/    61 - 90 hari/        Jumlah/
                                                                                                                                                                                 diterbitkan oleh Bank, dan pinjaman yang
                                                   days            days             days              Total                                                                      memenuhi      persyaratan   tertentu yang
                 Kredit yang diberikan dan                                                                                                     Loans and sharia
                  piutang/pembiayaan syariah                                                                                            receivables/financing                    diterima oleh Bank. Pada tanggal 31
                  Piutang murabahah                1.001.039        583.144          583.892              2.168.075                   Murabahah receivables
                  Pinjaman qardh                      29.839         10.807            1.831                 42.477                           Funds of qardh                     Desember 2024, RIM Bank Mandiri saja
                  Pembiayaan mudharabah                1.099            638           31.364                 33.101                    Mudharabah financing
                  Pembiayaan musyarakah            2.582.953         51.627           38.972              2.673.552                    Musyarakah financing                      sebesar 94,83%.
                                                   3.614.930        646.216          656.059              4.917.205
                                                                                                                                                                                 LCR merupakan rasio antara High Quality                        LCR is a ratio between High Quality Liquid
     B.    Risiko pasar dan risiko likuiditas                                        B.     Market risk and liquidity risk                                                       Liquid Assets (HQLA) dengan estimasi total                     Assets (HQLA) with the estimation of total net
                                                                                                                                                                                 arus kas keluar bersih (net cash outflow)                      cash outflow for the next 30 (thirty) days under
           (i)   Manajemen risiko likuiditas                                                (i)     Liquidity risk management                                                    selama 30 (tiga puluh) hari ke depan dalam                     a crisis scenario, LCR is used to improve the
                 Risiko likuiditas adalah risiko akibat                                             Liquidity risk represents the risk of Bank’s                                 skenario krisis. LCR bertujuan untuk                           short-term liquidity of the Bank under a crisis
                 ketidakmampuan Bank untuk memenuhi                                                 inability to fulfill all financial liabilities when they                     meningkatkan ketahanan likuiditas jangka                       conditions. As of 31 December 2024, the
                 kewajiban yang jatuh tempo dari sumber                                             become due from its financing cash flows                                     pendek Bank dalam kondisi krisis. Pada                         Bank’s LCR is 139.21%.
                 pendanaan arus kas dan/atau dari aset likuid                                       and/or high quality liquid assets that can be
                 berkualitas tinggi yang dapat diagunkan,                                           pledged, without negatively impacting the                                    tanggal 31 Desember 2024, LCR Bank
                 tanpa mengganggu aktivitas dan kondisi                                             Bank’s activities and financial condition.                                   Mandiri saja sebesar 139,21%.
                 keuangan Bank.
                 Untuk mengukur besarnya risiko likuiditas,                                         The Bank’s liquidity risk is measured through                                NSFR merupakan rasio perbandingan antara                       NSFR is a ratio comparing the available stable
                 Bank menggunakan beberapa indikator,                                               several indicators, which are minimum                                        pendanaan stabil yang tersedia (available                      funding to required stable funding. As of
                 antara lain adalah rasio Giro Wajib Minimum                                        statutory reserve ratio (“GWM”) in Bank                                      stable funding) dengan pendanaan stabil yang                   31 December 2024, the Bank’s NSFR is
                 (“GWM”) pada Bank Indonesia dan kas,                                               Indonesia and cash, Macroprudential Liquidity
                 Penyangga      Likuiditas    Makroprudensial                                       Reserve      (“PLM”),      liquidity reserve,                                diperlukan (required stable funding). Pada                     107.60%.
                 (“PLM”),     cadangan     likuiditas,   Rasio                                      Macroprudential Intermediation Ratio (“RIM”),                                tanggal 31 Desember 2024, NSFR Bank
                 Intermediasi     Makroprudensial      (“RIM”),                                     Liquidity Coverage Ratio (“LCR”), Net Stable                                 Mandiri saja sebesar 107,60%.
                 Liquidity Coverage Ratio (“LCR”), Net Stable                                       Funding Ratio (“NSFR”), and dependency on
                 Funding Ratio (“NSFR”), dan ketergantungan                                         large customer deposits.
                 terhadap pendanaan nasabah besar.



PT BANK MANDIRI (PERSERO) TBK                                    1654             375                                                                                                                                           1655
                                                                                                                                                                                                                                   376                                     ANNUAL REPORT 2024
Page 550
          FINANCIAL STATEMENTS 2024


                                             PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                         PT BANK MANDIRI (PERSERO) Tbk.
                                        DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                               DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
                                                                                                                                       CATATAN ATAS LAPORAN KEUANGAN                                                                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
                                                                                                                                       KONSOLIDASIAN                                                                                                                             FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023
                                                                                                                                       31 DESEMBER 2024 DAN 2023                                                                                                             31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)
                                                                                                                                       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                    (Expressed in millions of Rupiah, unless otherwise stated)
62. MANAJEMEN RISIKO (lanjutan)                                     62. RISK MANAGEMENT (continued)
                                                                                                                                       62. MANAJEMEN RISIKO (lanjutan)                                                                       62. RISK MANAGEMENT (continued)
     B.    Risiko pasar dan risiko likuiditas (lanjutan)               B.   Market risk and liquidity risk (continued)
                                                                                                                                           B.    Risiko pasar dan risiko likuiditas (lanjutan)                                                        B.       Market risk and liquidity risk (continued)
           (i)   Manajemen risiko likuiditas (lanjutan)                     (i)   Liquidity risk management (continued)
                                                                                                                                           (i)   Manajemen risiko likuiditas (lanjutan)                                                               (i)      Liquidity risk management (continued)
                 Kondisi likuiditas Bank di masa mendatang                        The Bank uses liquidity gap methodology to
                 diproyeksikan melalui metodologi liquidity                       project its liquidity conditions for the future.
                 gap, yang merupakan maturity mismatch                            Liquidity gap is basically a maturity mismatch                 Pelaporan jatuh tempo aset dan liabilitas                                                                     The maturity profile of financial assets and liabilities
                 antara komponen-komponen aset dan                                between components of assets and liabilities                   keuangan dengan metode arus kas discounted                                                                    presented using discounted cash flows method are
                 liabilitas (termasuk off-balance sheet), yang                    (including off-balance sheet), which are                       adalah sebagai berikut:                                                                                       as follows:
                 disusun ke dalam periode waktu (time bucket)                     classified into time bucket based on their                                                                                                                       2024
                 berdasarkan contractual maturity ataupun                         contractual maturity or behavioral maturity. As                                                                      Tidak
                 behavioral maturity. Pada tanggal 31                             of 31 December 2024, the Bank's liquidity                                                                         mempunyai
                                                                                                                                                                                                                                > 1 bulan            > 3 bulan   > 6 bulan     > 1 tahun
                 Desember 2024, proyeksi likuiditas Bank                          forecast up to next 12 months is at a surplus                                                                       kontrak
                                                                                                                                                                                                   jatuh tempo/               - ≤ 3 bulan/          ≤ 6 bulan/ - ≤ 12 bulan/ - ≤ 3 tahun/
                 sampai dengan 12 bulan ke depan berada                           position. Even in the surplus position for the                            Keterangan                 Total
                                                                                                                                                                                                    No maturity
                                                                                                                                                                                                     contract
                                                                                                                                                                                                                  ≤ 1 bulan/   > 1 month
                                                                                                                                                                                                                  ≤ 1 month - ≤ 3 months
                                                                                                                                                                                                                                                    > 3 months > 6 months       > 1 year
                                                                                                                                                                                                                                                    ≤ 6 months- ≤ 12 months - ≤ 3 years
                                                                                                                                                                                                                                                                                                            > 3 tahun/
                                                                                                                                                                                                                                                                                                            > 3 years                 Description
                 dalam posisi surplus. Meskipun proyeksi                          next 12 months, the Bank always prepares for
                 likuiditas 12 bulan ke depan surplus, Bank                       alternative funding to anticipate tight liquidity              Aset                                                                                                                                                                                                    Assets
                                                                                                                                                 Giro pada                                                                                                                                                                              Current accounts with
                 selalu mempersiapkan alternatif funding                          in the market or the liquidity is not as                         Bank Indonesia                   105.146.044               -   105.146.044                  -                     -                -              -                   -                      Bank Indonesia
                 apabila kondisi likuiditas pasar menjadi ketat                   expected.                                                      Giro pada                                                                                                                                                                              Current accounts with
                                                                                                                                                   bank lain - bruto                 46.668.439               -     46.668.439                 -                     -                -              -                   -               other banks - gross
                 atau tidak sesuai dengan prediksi Bank.                                                                                         Penempatan pada                                                                                                                                                                                Placement with
                                                                                                                                                   Bank Indonesia                                                                                                                                                                            Bank Indonesia
                 Untuk mengetahui dampak perubahan faktor                         To determine the impact of changes in market                     dan bank lain - bruto
                                                                                                                                                 Efek-efek - bruto
                                                                                                                                                                                     63.230.054
                                                                                                                                                                                     95.529.548
                                                                                                                                                                                                              -
                                                                                                                                                                                                     13.407.281
                                                                                                                                                                                                                    59.897.069
                                                                                                                                                                                                                    16.202.127
                                                                                                                                                                                                                                      791.323
                                                                                                                                                                                                                                   11.657.726
                                                                                                                                                                                                                                                         170.963
                                                                                                                                                                                                                                                      12.046.470
                                                                                                                                                                                                                                                                               14.663
                                                                                                                                                                                                                                                                           16.366.408
                                                                                                                                                                                                                                                                                            1.947.702
                                                                                                                                                                                                                                                                                           15.035.589
                                                                                                                                                                                                                                                                                                                408.334
                                                                                                                                                                                                                                                                                                             10.813.947
                                                                                                                                                                                                                                                                                                                                    and other banks - gross
                                                                                                                                                                                                                                                                                                                                 Marketable securities - gross
                 pasar maupun faktor internal pada kondisi                        factors and internal factors under extreme                     Obligasi Pemerintah                287.272.659               -      1.192.305        177.536          9.874.148           19.554.725      58.923.440       197.550.505                    Government bonds
                 ekstrim (krisis) terhadap kondisi likuiditas,                    conditions (crisis) to the liquidity, the Bank                 Tagihan lainnya - transaksi
                                                                                                                                                   perdagangan - bruto               29.974.117               -      6.224.035     10.952.067         10.687.347              720.460         82.687          1.307.521
                                                                                                                                                                                                                                                                                                                                     Other receivables - trade
                                                                                                                                                                                                                                                                                                                                        transactions - gross
                 Bank melakukan stress testing risiko likuiditas                  conducts stress testing of liquidity risk on a                 Tagihan atas efek-efek                                                                                                                                                                  Securities purchased
                 secara berkala. Hasil stress testing yang                        regular basis. The results of stress testing                     yang dibeli dengan janji                                                                                                                                                               under agreements
                                                                                                                                                   dijual kembali - bruto             8.290.138               -      8.159.589           86.333              44.216                 -               -                 -                      to resell - gross
                 dilakukan        telah dipaparkan      kepada                    performed was presented to the Management.                     Tagihan derivatif - bruto            7.761.508               -        738.867          531.533             249.969           213.035       2.023.738         4.004.366         Derivative receivables - gross
                 Manajemen. Hasil stress testing menunjukkan                      The stress testing result showed that the Bank                 Kredit yang diberikan dan                                                                                                                                                                   Loans and sharia
                                                                                                                                                   piutang/pembiayaan                                                                                                                                                                receivables/financing -
                 bahwa Bank dapat bertahan pada kondisi                           will be able to survive under liquidity crisis                   syariah - bruto                1.623.216.612               -      8.666.977     45.622.290         51.729.617           93.688.409     218.664.320 1.204.844.999                                      gross
                 krisis likuiditas.                                               conditions.                                                    Piutang pembiayaan                                                                                                                                                                       Consumer financing
                                                                                                                                                   konsumen - bruto                  41.573.306               -      1.572.853         3.129.605          4.216.125         7.784.544      19.367.032         5.503.147                  receivables - gross
                                                                                                                                                 Investasi bersih dalam sewa                                                                                                                                                          Net Investment finance
                 Meskipun hasil stress testing menunjukkan                        Although the stress testing result showed                        pembiayaan - bruto                 5.757.076              -         294.226           559.844            773.167         1.311.781       2.589.072           228.986                        leases - gross
                 bahwa risiko likuiditas dapat dikelola dengan                    liquidity risk is well managed, Bank has                       Tagihan akseptasi - bruto            9.313.865              -       2.021.864         4.486.214          2.525.858            30.962         248.967                 -        Acceptance receivables - gross
                                                                                                                                                                                                                                                                                                                                          Other asset - gross*)
                                                                                                                                                 Aset lain-lain - bruto*)            17.937.923        415.944      10.849.946           418.823            509.680           915.082       2.853.266         1.975.182
                 baik, Bank memiliki Liquidity Contingency                        Liquidity Contingency Plan (LCP) in crisis
                 Plan (LCP) yang meliputi strategi pendanaan                      condition which covers funding strategy and                                                     2.341.671.289      13.823.225   267.634.341      78.413.294         92.827.560          140.600.069     321.735.813 1.426.636.987
                 dan strategi pricing dalam kondisi krisis,                       pricing strategy including money market
                 antara lain pinjaman pasar uang, repo,                           borrowing, repo, bilateral borrowing, FX swap                  Cadangan kerugian
                                                                                                                                                  penurunan nilai                   (51.937.342)
                                                                                                                                                                                                                                                                                                                                    Allowance for impairment
                                                                                                                                                                                                                                                                                                                                                    losses
                 pinjaman bilateral, FX swap dan wholesale                        and wholesale funding. In LCP, determination
                 funding. Dalam LCP, penetapan kondisi                            of liquidity situations and funding strategies                 Jumlah                           2.289.733.947                                                                                                                                                            Total
                 likuiditas dan strategi-strategi pendanaan                       have considered internal and external
                 telah mempertimbangkan kondisi internal dan                      conditions.                                                    Liabilitas
                                                                                                                                                 Simpanan nasabah
                                                                                                                                                                                                                                                                                                                                                    Liabilities
                                                                                                                                                                                                                                                                                                                                     Deposits from customers
                 eksternal.                                                                                                                        Giro dan                                                                                                                                                                           Demand deposits and
                                                                                                                                                     giro wadiah                    568.576.009               -   568.576.009                  -                     -                -              -                   -        wadiah demand deposits
                                                                                                                                                   Tabungan dan tabungan                                                                                                                                                        Saving deposits and wadiah
                 Dalam rangka mengantisipasi timbulnya risiko                     To anticipate liquidity risks due to volatility of                 wadiah                         580.191.796               -   580.191.796                -                       -               -              -                     -                saving deposits
                 likuiditas akibat adanya perubahan faktor                        global economic condition, Bank Mandiri                          Deposito berjangka               297.467.152               -   170.652.188     105.011.637         17.733.699            3.462.951        606.677                     -                    Time deposits
                                                                                                                                                 Simpanan dari bank lain                                                                                                                                                           Deposits from other banks
                 ekonomi global, Bank Mandiri memonitor                           monitors external indicators, including indONIA,                 Giro, giro wadiah                                                                                                                                                                      Demand deposits,
                 indikator - indikator eksternal di antaranya:                    BI Rate, 10-years SUN Yield, Rupiah Banking                        dan                                                                                                                                                                         wadiah demand deposits
                 indONIA, suku bunga kebijakan Bank                               Liquidity Outstanding, Composite Stock Price                       tabungan
                                                                                                                                                   Interbank call money
                                                                                                                                                                                      9.090.038
                                                                                                                                                                                      9.961.554
                                                                                                                                                                                                              -
                                                                                                                                                                                                              -
                                                                                                                                                                                                                     9.090.038
                                                                                                                                                                                                                     5.910.063
                                                                                                                                                                                                                                               -
                                                                                                                                                                                                                                       3.097.868
                                                                                                                                                                                                                                                                  -
                                                                                                                                                                                                                                                            953.623
                                                                                                                                                                                                                                                                                    -
                                                                                                                                                                                                                                                                                    -
                                                                                                                                                                                                                                                                                                   -
                                                                                                                                                                                                                                                                                                   -
                                                                                                                                                                                                                                                                                                                         -
                                                                                                                                                                                                                                                                                                                         -
                                                                                                                                                                                                                                                                                                                                      and saving deposits
                                                                                                                                                                                                                                                                                                                                       Interbank call money
                 Indonesia (BI Rate), yield SUN 10 tahun,                         Index (IHSG), Rate Interbank Call Money, 10-                     Deposito berjangka                 7.991.117               -      4.974.980           846.350          1.545.427            12.750        611.610                     -                    Time deposits
                 outstanding likuiditas perbankan Rupiah,                         years UST Yield, USD/IDR Exchange Rate,                        Liabilitas atas efek-efek
                                                                                                                                                   yang dijual dengan
                                                                                                                                                                                                                                                                                                                                                Securities sold
                                                                                                                                                                                                                                                                                                                                          under agreements
                 Indeks Harga Saham Gabungan (IHSG), rate                         Indonesia’s 5-years Credit Default Swap (CDS)                    janji dibeli kembali              90.256.225               -     58.120.983                 -            100.213         1.901.365      23.845.349         6.288.315                       to repurchase
                 interbank call money, yield UST 10 tahun,                        and the current market informations.                           Liabilitas derivatif                 7.336.998               -        782.342           584.340            218.497            56.678       1.972.353         3.722.788                    Derivative liabilities
                                                                                                                                                 Liabilitas akseptasi                 9.136.013               -      1.999.943         4.441.668          2.414.473            30.962         248.967                 -                  Acceptance liabilities
                 nilai tukar USD/IDR, Credit Default Swap                                                                                        Efek-efek yang diterbitkan          41.141.067               -      3.343.089           851.315          2.950.000         8.778.449      19.377.140         5.841.074                 Debt securities issued
                 (CDS) 5 tahun Indonesia, serta informasi                                                                                        Beban yang masih
                                                                                                                                                   harus dibayar                      5.466.461               -      4.480.819                 -               -              985.642                   -             -                   Accrued expenses
                 pasar terkini.                                                                                                                  Liabilitas lain-lain**)             10.853.170        198.737       7.669.606         1.368.247               -              204.450       1.412.130                 -                      Other liabilities**)
                                                                                                                                                 Pinjaman yang diterima             147.915.981              -      24.344.976         8.223.779      17.389.140           44.543.861      30.202.160        23.212.065                     Fund borrowings
                 Pelaporan jatuh tempo pada tanggal 31                            The maturity profile as of 31 December 2024                    Pinjaman dan efek-efek
                                                                                                                                                   subordinasi                          403.562               -         20.797                 -                     -         20.797         62.421           299.547
                                                                                                                                                                                                                                                                                                                                      Subordinated loans and
                                                                                                                                                                                                                                                                                                                                      marketable securities
                 Desember 2024 dan 2023, didasarkan pada                          and 2023 are based on the remaining period
                 jangka waktu yang tersisa sejak tanggal-                         from these dates. Historically, there were a                                                    1.785.787.143        198.737 1.440.157.629      124.425.204         43.305.072           59.997.905      78.338.807        39.363.789
                 tanggal tersebut. Secara historis, terdapat                      large portion of deposits to be renewed upon
                 bagian dari simpanan dalam jumlah yang                           maturity. In addition, if there is a need for                  Perbedaan jatuh tempo              555.884.146      13.624.488 (1.172.523.288)   (46.011.910)        49.522.488           80.602.164     243.397.006 1.387.273.198                               Maturity gap
                 cukup besar yang diperpanjang pada saat                          liquidity, Government bonds (at fair value
                 jatuh tempo. Selain itu, jika terdapat                           through profit or loss and fair value through                  Posisi neto setelah cadangan                                                                                                                                                 Net positions, net of allowance
                                                                                                                                                    kerugian penurunan nilai        503.946.804                                                                                                                                      for impairment losses
                 keperluan likuiditas, obligasi pemerintah                        other comprehensive income) can be exercised
                 (portofolio diukur pada nilai wajar melalui laba                 by utilising as collateral in interbank market.                *)
                                                                                                                                                       Aset lain-lain terdiri dari pendapatan yang masih akan diterima, tagihan                                *)        Other assets consists of accrued income, receivables from government
                 rugi dan tersedia untuk dijual diukur pada nilai                                                                                      atas obligasi pemerintah yang diagunkan, piutang transaksi nasabah,                                               bonds pledged as collateral, receivables from customer transactions,
                                                                                                                                                                                                                                                                         receivables from sales of marketable securities, receivables related to
                 wajar melalui penghasilan komprehensif lain)                                                                                          penjualan efek-efek yang masih akan diterima, tagihan terkait dengan
                                                                                                                                                                                                                                                                         ATM and credit card transaction and receivables from policyholders.
                                                                                                                                                       transaksi ATM dan kartu kredit, dan tagihan kepada pemegang polis.
                 dapat dicairkan dengan menggunakannya                                                                                           **)
                                                                                                                                                       Liabilitas lain-lain terdiri dari utang transaksi nasabah, liabilitas terkait                           **)       Other liabilities consists of customers transfer transaction, liabilities
                 sebagai jaminan dalam pasar antar bank.                                                                                               dengan transaksi ATM dan kartu kredit, setoran jaminan, pembelian efek-                                           related to ATM and credit card transactions, guarantee deposits, lease
                                                                                                                                                       efek yang masih harus dibayar, liabilitas terkait dengan transaksi transfer                                       liabilities, liabilities related to customer transfer transactions and claim
                                                                                                                                                       nasabah, liabilitas sewa dan utang klaim.                                                                         payables.




PT BANK MANDIRI (PERSERO) TBK                              1656      377                                                                                                                                                                1657
                                                                                                                                                                                                                                           378                                                                           ANNUAL REPORT 2024
Page 551
           FINANCIAL STATEMENTS 2024


                                                               PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                                                            PT BANK MANDIRI (PERSERO) Tbk.
                                                          DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                                                                  DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                        NOTES TO THE CONSOLIDATED                                                                CATATAN ATAS LAPORAN KEUANGAN                                                                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                               FINANCIAL STATEMENTS                                                              KONSOLIDASIAN                                                                                                                       FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                                               31 DECEMBER 2024 AND 2023                                                             31 DESEMBER 2024 DAN 2023                                                                                                       31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                      (Expressed in millions of Rupiah, unless otherwise stated)                                                      (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                              (Expressed in millions of Rupiah, unless otherwise stated)


62. MANAJEMEN RISIKO (lanjutan)                                                                         62. RISK MANAGEMENT (continued)                                                                                       62. MANAJEMEN RISIKO (lanjutan)                                                                 62. RISK MANAGEMENT (continued)

     B.     Risiko pasar dan risiko likuiditas (lanjutan)                                                        B.       Market risk and liquidity risk (continued)                                                              B.    Risiko pasar dan risiko likuiditas (lanjutan)                                                 B.       Market risk and liquidity risk (continued)

     (i)    Manajemen risiko likuiditas (lanjutan)                                                               (i)      Liquidity risk management (continued)                                                                   (i)   Manajemen risiko likuiditas (lanjutan)                                                        (i)      Liquidity risk management (continued)

            Pelaporan jatuh tempo aset dan liabilitas                                                                     The maturity profile of financial assets and liabilities                                                      Tabel jatuh tempo berikut ini menyajikan                                                               The following maturity table provides information
            keuangan dengan metode arus kas discounted                                                                    presented using discounted cash flows method are                                                              informasi mengenai perkiraan jatuh tempo dari                                                          regarding contractual maturities of financial liabilities
            adalah sebagai berikut (lanjutan):                                                                            as follows (continued):                                                                                       liabilitas keuangan sesuai kontrak berdasarkan                                                         based on undiscounted cash flows as of
                                                                                                                                                                                                                                        arus      kas   undiscounted    pada    tanggal                                                        31 December 2024 and 2023 as follows:
                                                                                                              2023
                                                                                                                                                                                                                                        31 Desember 2024 dan 2023 adalah sebagai
                                                                  Tidak
                                                               mempunyai
                                                                                           > 1 bulan            > 3 bulan   > 6 bulan     > 1 tahun
                                                                                                                                                                                                                                        berikut:
                                                                 kontrak
                                                              jatuh tempo/               - ≤ 3 bulan/          ≤ 6 bulan/ - ≤ 12 bulan/ - ≤ 3 tahun/
                                                               No maturity   ≤ 1 bulan/   > 1 month            > 3 months > 6 months       > 1 year                    > 3 tahun/
                       Keterangan                 Total         contract     ≤ 1 month - ≤ 3 months            ≤ 6 months- ≤ 12 months - ≤ 3 years                     > 3 years                Description                                                                                                                        2024
                                                                                                                                                                                                                                                                                             Tidak
            Aset                                                                                                                                                                                                   Assets
                                                                                                                                                                                                                                                                                          mempunyai
            Giro pada                                                                                                                                                                             Current accounts with                                                                                               > 1 bulan       > 3 bulan   > 6 bulan     > 1 tahun
                                                                                                                                                                                                                                                                                            kontrak
              Bank Indonesia                   108.605.322               -   108.605.322                  -                     -               -              -                    -                 Bank Indonesia                                                                                                - ≤ 3 bulan/     ≤ 6 bulan/ - ≤ 12 bulan/ - ≤ 3 tahun/
            Giro pada                                                                                                                                                                             Current accounts with                                                                  jatuh tempo/
                                                                                                                                                                                                                                                                                          No maturity   ≤ 1 bulan/   > 1 month       > 3 months > 6 months       > 1 year        > 3 tahun/
              bank lain - bruto                 36.606.090               -     36.606.090                 -                     -               -              -                    -              other banks - gross
            Penempatan pada                                                                                                                                                                               Placement with                        Keterangan                  Total          contract     ≤ 1 month - ≤ 3 months       ≤ 6 months- ≤ 12 months - ≤ 3 years         > 3 years                Description
              Bank Indonesia                                                                                                                                                                           Bank Indonesia
              dan bank lain - bruto             73.888.157               -     70.730.056         1.720.946            191.315            45.212        934.704            265.924            and other banks - gross                   Liabilitas                                                                                                                                                                    Liabilities
            Efek-efek - bruto                   94.696.116      19.450.792     19.295.305         9.554.791          7.388.010         9.074.004     11.241.024         18.692.190         Marketable securities - gross                Simpanan nasabah                                                                                                                                                Deposit from customers
            Obligasi Pemerintah                309.182.971               -        939.676         5.856.981          4.088.461        25.578.916     67.948.299        204.770.638                   Government bonds                     Giro dan
            Tagihan lainnya - transaksi                                                                                                                                                         Other receivables-trade                                                                                                                                                                           Demand deposits and wadiah
              perdagangan - bruto               26.044.553               -      5.403.887     11.847.619             7.279.397           254.620               -         1.259.030                transactions - gross                      giro wadiah                   570.039.119               -   570.039.119             -                 -            -             -                -             demand deposits
            Tagihan atas efek-efek                                                                                                                                                                 Securities purchased                   Tabungan dan                                                                                                                                             Saving deposits and wadiah
              yang dibeli dengan janji                                                                                                                                                                     agreements                       tabungan wadiah               580.417.481               -   579.873.299        58.155          60.400        133.985      187.629        104.013                  saving deposits
              dijual kembali - bruto            22.692.928               -     22.689.183            2.772                 973                 -                   -            -                      to resell - gross                  Deposito berjangka              298.980.027               -   171.463.879   104.944.671      18.209.643      3.745.716      616.118              -                     Time deposits
            Tagihan derivatif - bruto            1.994.931               -        323.226          228.972             199.312           249.941        261.623           731.857         Derivative receivables - gross                Simpanan dari bank lain                                                                                                                                       Deposits from other banks
            Kredit yang diberikan dan                                                                                                                                                                  Loans and sharia                   Giro, giro wadiah                                                                                                                                                  Demand deposits,
              piutang/pembiayaan                                                                                                                                                               receivables/financing -                      dan                                                                                                                                                     wadiah demand deposits
              syariah - bruto                1.359.832.195               -     17.537.485     26.692.023         44.755.115           81.852.120    166.149.946 1.022.845.506                                      gross
                                                                                                                                                                                                                                            tabungan                        9.095.981               -     9.095.981             -                 -            -            -                 -         and saving deposits
            Piutang pembiayaan                                                                                                                                                                      Consumer financing
              konsumen - bruto                  32.749.796               -        892.289         1.672.539          2.457.908         4.816.199     20.186.250          2.724.611                 receivables - gross                    Interbank call money             10.018.970               -     5.943.085     3.118.591           957.294            -            -                 -           Interbank call money
            Investasi bersih dalam sewa                                                                                                                                                         Net Investment finance                    Deposito berjangka                8.202.915               -     6.898.370       589.475            69.254        8.584      637.232                 -                  Time deposits
              pembiayaan - bruto                 5.489.242              -         298.722           581.208            807.607         1.346.953      2.324.275            130.477                       leases - gross                 Liabilitas atas efek-efek                                                                                                                                                  Securities sold
            Tagihan akseptasi - bruto           14.793.888              -       2.682.381         6.043.751          5.763.816           204.009         99.931                  -       Acceptance receivables - gross                   yang dijual dengan                                                                                                                                                 under agreements
            Aset lain-lain - bruto*)            22.866.361        296.998      15.785.032           347.421            465.207           992.615      2.679.499          2.299.589                  Other asset - gross*)                 janji dibeli kembali             92.939.218               -    58.171.723             -         100.213      2.069.384    25.760.123     6.837.775                     to repurchase
                                                                                                                                                                                                                                        Liabilitas derivatif                6.693.221               -     6.136.589       109.394          56.717         13.330       209.074       168.117                 Derivative payables
                                             2.109.442.550      19.747.790   301.788.654      64.549.023         73.397.121          124.414.589    271.825.551 1.253.719.822                                                           Liabilitas akseptasi                9.136.013               -     1.999.943     4.441.668       2.414.473         30.962       248.967             -               Acceptance payables
            Cadangan kerugian                                                                                                                                                                 Allowance for impairment                  Efek-efek yang diterbitkan         44.040.348               -       133.702     1.018.639         303.337      8.714.857    20.573.732    13.296.081               Debt securities issued
             penurunan nilai                   (55.690.787)                                                                                                                                                   losses                    Beban yang masih harus dibayar      5.466.461               -     4.480.819             -               -        985.642             -             -                   Accrued expenses
                                                                                                                                                                                                                                        Liabilitas lain-lain               10.853.170         198.737     7.669.606     1.368.247               -        204.450     1.412.130             -                       Other liabilities
                                                                                                                                                                                                                                        Pinjaman yang diterima            155.074.787               -    23.536.068    21.165.046      28.596.949     17.468.924    55.101.229     9.206.571                    Fund borrowings
            Jumlah                           2.053.751.763                                                                                                                                                          Total
                                                                                                                                                                                                                                        Pinjaman dan efek-efek                                                                                                                                          Subordinated loans and
                                                                                                                                                                                                                                          subordinasi                         228.353               -        21.373         1.153            22.526      65.881       113.384          4.036             marketable securities
            Liabilitas                                                                                                                                                                                        Liabilities
            Simpanan nasabah                                                                                                                                                                   Deposits from customers                  Total                            1.801.186.064        198.737 1.445.463.556   136.815.039      50.790.806     33.441.715   104.859.618    29.616.593                                  Total
              Giro dan                                                                                                                                                                          Demand deposits and
                giro wadiah                    552.359.156               -   552.359.156                  -                     -               -              -                    -       wadiah demand deposits
              Tabungan dan tabungan                                                                                                                                                       Saving deposits and wadiah
                wadiah                         509.291.489               -   509.291.489               -                  -                    -              -                     -                saving deposits                                                                                                               2023
              Deposito berjangka               289.797.504               -   172.195.298      98.848.767         13.980.114            4.180.569        592.756                     -                   Time deposits
            Simpanan dari bank lain                                                                                                                                                          Deposits from other banks                                                                       Tidak
              Giro, giro wadiah                                                                                                                                                                     Demand deposits,                                                                      mempunyai
                dan                                                                                                                                                                        wadiah demand deposits                                                                           kontrak                   > 1 bulan       > 3 bulan   > 6 bulan     > 1 tahun
                tabungan                          6.693.583              -      6.693.583                 -                  -                 -              -                  -              and saving deposits                                                                      jatuh tempo/               - ≤ 3 bulan/     ≤ 6 bulan/ - ≤ 12 bulan/ - ≤ 3 tahun/
              Interbank call money                7.281.896              -      1.048.167         3.005.523          1.688.506         1.539.700              -                  -               Interbank call money                                                                     No maturity   ≤ 1 bulan/   > 1 month       > 3 months > 6 months       > 1 year        > 3 tahun/
              Deposito berjangka                  3.709.301              -      1.009.890           935.100            323.840           624.430        692.865            123.176                      Time deposits                           Keterangan                  Total          contract     ≤ 1 month - ≤ 3 months       ≤ 6 months- ≤ 12 months - ≤ 3 years         > 3 years                Description
            Liabilitas atas efek-efek                                                                                                                                                                     Securities sold
              yang dijual dengan                                                                                                                                                                    under agreements
              janji dibeli kembali              36.330.064               -              -           136.341               -           14.661.443     14.785.558          6.746.722                      to repurchase                   Liabilitas                                                                                                                                                                    Liabilities
            Liabilitas derivatif                 2.113.853               -        400.480           183.367         364.358              272.274        265.291            628.083                  Derivatives liabilities             Simpanan nasabah                                                                                                                                                Deposit from customers
            Liabilitas akseptasi                14.793.888               -      2.682.381         6.043.751       5.763.816              204.009         99.931                  -                 Acceptance liabilities                 Giro dan                                                                                                                                                Demand deposits and wadiah
            Efek-efek yang diterbitkan          50.317.764               -      1.840.975         4.160.591      15.495.383                    -     23.231.784          5.789.031                Debt securities issued                    giro wadiah                553.337.122                  -   553.337.122             -                 -            -             -                -             demand deposits
            Beban yang masih                                                                                                                                                                                                              Tabungan dan                                                                                                                                             Saving deposits and wadiah
              harus dibayar                      4.799.446              -       3.766.151                 -               -            1.033.295              -                  -                  Accrued expenses                        tabungan wadiah            509.472.004                  -   509.013.106        76.016          72.636         95.584      138.457         76.205                  saving deposits
            Liabilitas lain-lain **)            14.371.118        287.424      11.718.324         1.370.402               -              211.261        783.707                  -                    Other liabilities**)                Deposito berjangka           290.687.025                  -   172.635.462    98.506.723      14.518.899      4.424.315      601.626              -                     Time deposits
            Pinjaman yang diterima              95.445.459              -      17.156.358         9.331.354      14.934.345           10.812.227     37.678.617          5.532.558                    Fund borrowings
                                                                                                                                                                                                                                        Simpanan dari bank lain                                                                                                                                       Deposits from other banks
            Pinjaman dan efek-efek                                                                                                                                                              Subordinates loans and
                                                                                                                                                                                                                                          Giro, giro wadiah                                                                                                                                                  Demand deposits,
              subordinasi                          415.171               -          9.643                 -                     -          9.643         38.574           157.311               marketable securities
                                                                                                                                                                                                                                            dan                                                                                                                                                     wadiah demand deposits
                                                                                                                                                                                                                                            tabungan                     6.699.949                  -     6.699.949             -                 -            -            -                 -         and saving deposits
                                             1.587.719.692        287.424 1.280.171.895      124.015.196         52.550.362           33.548.851     78.169.083         18.976.881
                                                                                                                                                                                                                                          Interbank call money           7.431.438                  -       766.698     3.368.967         1.730.129    1.565.644            -                 -           Interbank call money
                                                                                                                                                                                                                                          Deposito berjangka             3.830.443                  -     1.201.045       948.084           336.032    1.214.114      131.168                 -                  Time deposits
            Perbedaan jatuh tempo              521.722.858      19.460.366   (978.383.241)    (59.466.173 )      20.846.759           90.865.738    193.656.468 1.234.742.941                               Maturity gap                Liabilitas atas efek-efek                                                                                                                                                  Securities sold
                                                                                                                                                                                                                                          yang dijual dengan                                                                                                                                                 under agreements
            Posisi neto setelah cadangan                                                                                                                                                Net positions, net of allowance                   janji dibeli kembali          38.337.611                  -             -       136.341               -     15.354.025    15.888.241     6.959.004                     to repurchase
               kerugian penurunan nilai        466.032.071                                                                                                                                     for impairment losses                    Liabilitas derivatif             1.493.546                  -       736.342       141.834         260.070        110.773        84.881       159.646                 Derivative payables
                                                                                                                                                                                                                                        Liabilitas akseptasi            14.793.888                  -     2.682.381     6.043.751       5.763.816        204.009        99.931             -               Acceptance payables
                                                                                                                                                                                                                                        Efek-efek yang diterbitkan      53.067.478                  -       232.629       133.214      16.763.283      1.394.701    27.021.030     7.522.621               Debt securities issued
            *)                                                                                                            *)        Other assets consists of accrued income, receivables from government
                  Aset lain-lain terdiri dari pendapatan yang masih akan diterima, tagihan                                                                                                                                              Beban yang masih harus dibayar   4.799.446                  -     3.766.151             -               -      1.033.295             -             -                   Accrued expenses
                  atas obligasi pemerintah yang diagunkan, piutang transaksi nasabah,                                               bonds pledged as collateral, receivables from customer transactions,                                Liabilitas lain-lain            14.371.118            287.424    11.718.324     1.370.402               -        211.261       783.707             -                       Other liabilities
                  penjualan efek-efek yang masih akan diterima, tagihan terkait dengan                                              receivables from sales of marketable securities, receivables related to                             Pinjaman yang diterima          97.890.211                  -    15.754.464     9.403.206      15.320.290     11.591.168    39.826.261     5.994.822                    Fund borrowings
                  transaksi ATM dan kartu kredit, tagihan terkait bancassurance, dan                                                ATM and credit card transactions, receivables from bancassurance,                                   Pinjaman dan efek-efek                                                                                                                                          Subordinated loans and
                                                                                                                                    and receivables from policyholders.                                                                   subordinasi                      246.846                  -        10.219         1.152             1.728      13.098        52.395        168.254             marketable securities
                  tagihan kepada pemegang polis.
            **)
                  Liabilitas lain-lain terdiri dari utang transaksi nasabah, liabilitas terkait                           **)       Other liabilities consists of customers transfer transaction, liabilities
                  dengan transaksi ATM dan kartu kredit, setoran jaminan, pembelian efek-                                                                                                                                               Total                            1.596.458.125        287.424 1.278.553.892   120.129.690      54.766.883     37.211.987    84.627.697    20.880.552                                  Total
                                                                                                                                    related to ATM and credit card transactions, guarantee deposits, lease
                  efek yang masih harus dibayar, liabilitas terkait dengan transaksi transfer                                       liabilities, liabilities related to customer transfer transactions and claim
                  nasabah, liabilitas sewa dan utang klaim.                                                                         payables.




PT BANK MANDIRI (PERSERO) TBK                                                         1658                    379                                                                                                                                                                                                        1659
                                                                                                                                                                                                                                                                                                                            380                                                               ANNUAL REPORT 2024
Page 552
           FINANCIAL STATEMENTS 2024


                                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                   PT BANK MANDIRI (PERSERO) Tbk.
                                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                         DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                              NOTES TO THE CONSOLIDATED                                              CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                     FINANCIAL STATEMENTS                                            KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                                     31 DECEMBER 2024 AND 2023                                           31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                            (Expressed in millions of Rupiah, unless otherwise stated)                                    (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)


62. MANAJEMEN RISIKO (lanjutan)                                                               62. RISK MANAGEMENT (continued)                                                                     62. MANAJEMEN RISIKO (lanjutan)                                    62. RISK MANAGEMENT (continued)

     B.     Risiko pasar dan risiko likuiditas (lanjutan)                                              B.    Market risk and liquidity risk (continued)
                                                                                                                                                                                                      B.   Risiko pasar dan risiko likuiditas (lanjutan)                 B.   Market risk and liquidity risk (continued)
     (i)    Manajemen risiko likuiditas (lanjutan)                                                     (i)   Liquidity risk management (continued)
                                                                                                                                                                                                      (ii) Manajemen risiko suku bunga portfolio banking                 (ii) Interest rate risk management on banking book
            Tabel jatuh tempo berikut ini menyajikan                                                         The following maturity table provides information                                             book (lanjutan)                                                    portfolio (continued)
            informasi mengenai perkiraan jatuh tempo dari                                                    regarding contractual maturities of administrative
            rekening administratif sesuai kontrak berdasarkan                                                accounts based on undiscounted cash flows as of                                               Sumber risiko suku bunga banking book adalah                       The sources of banking book’s interest rate risk are
            arus     kas   undiscounted       pada     tanggal                                               31 December 2024 and 2023 as follows:                                                         repricing risk (repricing mismatch antara                          repricing risk (repricing mismatch between asset
            31 Desember 2024 dan 2023 adalah sebagai
                                                                                                                                                                                                           komponen aset dan liabilitas), basis risk                          and liability components), basis risk (usage of
            berikut:
                                                                                                                                                                                                           (penggunaan suku bunga acuan yang berbeda),                        different interest rate reference), yield curve risk
                                                                                                    2024                                                                                                   yield curve risk (perubahan bentuk dan slope                       (changes in shape and slope of the yield curve) and
                                                              Tidak                                                                                                                                        yield curve) dan option risk (pelunasan kredit atau                the option risk (loan repayment or redeem of deposit
                                                           mempunyai
                                                             kontrak                   > 1 bulan      > 3 bulan   > 6 bulan     > 1 tahun                                                                  pencairan deposito sebelum jatuh tempo). Bank                      before maturity). The Bank uses the repricing gap
                                                          jatuh tempo/               - ≤ 3 bulan/    ≤ 6 bulan/ - ≤ 12 bulan/ - ≤ 3 tahun/
                                                           No maturity   ≤ 1 bulan/   > 1 month      > 3 months > 6 months       > 1 year          > 3 tahun/                                              menggunakan repricing gap dan melakukan                            and performs sensitivity analysis to obtain the
                    Keterangan                Total         contract     ≤ 1 month - ≤ 3 months      ≤ 6 months- ≤ 12 months - ≤ 3 years           > 3 years            Description
                                                                                                                                                                                                           sensitivity analysis guna memperoleh proyeksi                      projected Net Interest Income (“NII”).
            Rekening administratif                                                                                                                                      Administrative accounts            perubahan Net Interest Income (“NII”).
             Bank garansi yang diterbitkan 138.557.503               -   138.557.503            -                 -              -             -                -     Bank guarantees issued
             Fasilitas kredit yang diberikan
               yang belum digunakan*)        90.791.348              -    90.791.348            -                 -              -             -                -      Unused loan facilities*)
             Letter of credit yang tidak                                                                                                                                                                   a.   Sensitivitas terhadap pendapatan bunga -                      a. Sensitivity of net interest income
               dapat dibatalkan yang                                                                                                                                  Outstanding irrevocable
               masih berjalan                22.439.663              -     5.779.806    7.335.780       1.920.992       2.156.983     5.109.344       136.758                letter of credit                   neto
             Standby letter of credit        12.308.689              -    12.308.689            -               -               -             -             -          Standby letter of credit

                                           264.097.203               -   247.437.346    7.335.780       1.920.992       2.156.983     5.109.344       136.758                                                   Tabel di bawah ini mengikhtisarkan                               The table below shows the sensitivity of net
                                                                                                                                                                                                                sensitivitas pendapatan bunga - neto Bank                        income for the next 1 (one) year to interest rate
                                                                                                    2023
                                                              Tidak
                                                                                                                                                                                                                Mandiri untuk 1 (satu) tahun ke depan                            movement of interest bearing assets and
                                                           mempunyai
                                                                                       > 1 bulan      > 3 bulan   > 6 bulan     > 1 tahun
                                                                                                                                                                                                                terhadap pergerakan suku bunga dari                              liabilities of Bank Mandiri as of 31 December
                                                             kontrak
                                                          jatuh tempo/
                                                                         ≤ 1 bulan/
                                                                                     - ≤ 3 bulan/    ≤ 6 bulan/ - ≤ 12 bulan/ - ≤ 3 tahun/                                                                      portofolio aset dan liabilitas yang memiliki                     2024 and 2023 (Bank Mandiri only) as follows:
                                                           No maturity                > 1 month      > 3 months > 6 months       > 1 year          > 3 tahun/
                    Keterangan                Total         contract     ≤ 1 month - ≤ 3 months      ≤ 6 months- ≤ 12 months - ≤ 3 years           > 3 years            Description                             suku bunga pada tanggal 31 Desember 2024
                                                                                                                                                                                                                dan 2023 (Bank Mandiri saja) yaitu:
            Rekening administratif                                                                                                                                      Administrative accounts
             Bank garansi yang diterbitkan 114.600.453               -   114.600.453            -                 -              -             -                -     Bank guarantees issued
             Fasilitas kredit yang diberikan
               yang belum digunakan*)        86.976.966              -    86.976.966            -                 -              -             -                -      Unused loan facilities*)                                                       Peningkatan           Penurunan
             Letter of credit yang tidak
               dapat dibatalkan yang                                                                                                                                  Outstanding irrevocable                                                           400 bps/             400 bps/
               masih berjalan                20.881.972              -     5.438.044    7.153.328       3.134.565       1.780.902     3.375.133                 -            letter of credit
             Standby letter of credit        14.759.282              -    14.759.282            -               -               -             -                 -      Standby letter of credit                                                       Increased by         Decreased by
                                           237.218.673               -   221.774.745    7.153.328       3.134.565       1.780.902     3.375.133                 -                                                                                        400 bps             400 bps

            *)   Termasuk fasilitas kredit committed dan uncommitted kartu kredit yang                       *)       Include unused committed and uncommitted credit card facilities                           31 Desember 2024                                                                                31 December 2024
                 belum digunakan.
                                                                                                                                                                                                                Menambah/(mengurangi)                                                                          Increase/(decrease)
     (ii) Manajemen risiko suku bunga portfolio banking                                                (ii) Interest rate risk management on banking book                                                         pendapatan bunga - neto                  1.198.553             (4.378.629)                   net interest income
          book                                                                                              portfolio
                                                                                                                                                                                                                                                      Peningkatan           Penurunan
            Risiko pasar adalah risiko pada posisi neraca dan                                                Market risk is the risk of balance sheet position and                                                                                      400 bps/             400 bps/
            rekening administratif, termasuk transaksi                                                       administrative accounts, including derivative
                                                                                                                                                                                                                                                      Increased by         Decreased by
            derivatif, akibat perubahan secara keseluruhan                                                   transactions, resulted from changes in market
            dari kondisi pasar, termasuk risiko perubahan                                                    conditions, including changes in option price risk.                                                                                         400 bps             400 bps
            harga option.
                                                                                                                                                                                                                31 Desember 2023                                                                                31 December 2023
            Pengelolaan risiko pasar banking book dilakukan                                                  Managing market risk on banking book is performed                                                                                                                                                 Increase/(decrease)
                                                                                                                                                                                                                Menambah/(mengurangi)
            dengan mengoptimalkan struktur laporan posisi                                                    by optimising the structure of the Bank's statement
                                                                                                                                                                                                                  pendapatan bunga - neto                    121.234             (3.091.515)                   net interest income
            keuangan Bank untuk mendapatkan imbal hasil                                                      of financial position to obtain maximum yield of
            yang maksimal sesuai tingkat risiko yang dapat                                                   return at acceptable risk level to the Bank. The
            diterima Bank. Pengendalian risiko pasar banking                                                 monitoring of market risk on banking book is                                                       Proyeksi di atas mengasumsikan bahwa                             The above projections assumed that all other
            book dilakukan dengan menetapkan limit yang                                                      performed by setting a limit which is refer to the                                                 seluruh variabel lainnya adalah konstan                          variables are held constant at reporting date.
            mengacu pada ketentuan Regulator dan internal                                                    regulator requirements and the internal policies,                                                  pada tanggal pelaporan keuangan.
            yang dimonitor secara mingguan maupun                                                            which are monitored on a weekly and monthly basis
            bulanan oleh Market Risk Management Unit.                                                        by the Market Risk Management Unit.



PT BANK MANDIRI (PERSERO) TBK                                                   1660                381                                                                                                                                                          1661
                                                                                                                                                                                                                                                                    382                                       ANNUAL REPORT 2024
Page 553
          FINANCIAL STATEMENTS 2024


                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                           PT BANK MANDIRI (PERSERO) Tbk.
                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                 DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED                CATATAN ATAS LAPORAN KEUANGAN                                                                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS              KONSOLIDASIAN                                                                                                                            FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                         31 DECEMBER 2024 AND 2023             31 DESEMBER 2024 DAN 2023                                                                                                            31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)      (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                   (Expressed in millions of Rupiah, unless otherwise stated)

                                                                                                                                        62. MANAJEMEN RISIKO (lanjutan)                                                                      62. RISK MANAGEMENT (continued)
62. MANAJEMEN RISIKO (lanjutan)                                      62. RISK MANAGEMENT (continued)
                                                                                                                                            B.   Risiko pasar dan risiko likuiditas (lanjutan)                                                       B.     Market risk and liquidity risk (continued)
     B.    Risiko pasar dan risiko likuiditas (lanjutan)                  B.   Market risk and liquidity risk (continued)
                                                                                                                                            (ii) Manajemen risiko suku bunga portfolio banking                                                       (ii) Interest rate risk management on banking book
                                                                                                                                                 book (lanjutan)                                                                                          portfolio (continued)
     (ii) Manajemen risiko suku bunga portfolio banking                   (ii) Interest rate risk management on banking book
          book (lanjutan)                                                      portfolio (continued)                                              c.      Eksposur Bank Mandiri terhadap risiko                                                             c. Bank Mandiri’s exposure to interest rate risk
                                                                                                                                                          tingkat suku bunga (repricing gap) (lanjutan)                                                        (repricing gap) (continued)
           b.   Sensitivitas pendapatan bunga untuk                            b. Sensitivity of interest income from financial                                                                                                               2024
                kelompok nilai wajar melalui pendapatan                           assets classified at fair value through other
                komprehensif lain                                                 comprehensive income                                                                                                         Dikenakan bunga/Interest bearing
                                                                                                                                                                                  Lebih dari    Lebih dari
                                                                                                                                                                                 1 bulan tapi 3 bulan tapi    Lebih dari    Lebih dari    Lebih dari    Lebih dari
                                                                                                                                                                    Kurang dari   tidak lebih   tidak lebih  1 tahun tapi 2 tahun tapi 3 tahun tapi 4 tahun tapi
                Tabel di bawah ini mengikhtisarkan                                The table below shows the sensitivity of Bank                                        sama      dari 3 bulan/ dari 1 tahun/ tidak lebih    tidak lebih   tidak lebih   tidak lebih
                                                                                                                                                                      dengan        Over 1        Over 3     dari 2 tahun/ dari 3 tahun/ dari 4 tahun/ dari 5 tahun/                  Tidak
                sensitivitas  pendapatan    bunga     untuk                       Mandiri’s interest income from available for sale                                   1 bulan/    month but    months but Over 1 year Over 2 years Over 3 years Over 4 years                       dikenakan
                                                                                                                                                                    Less than or   not more      not more       but not       but not       but not       but not     Lebih dari     bunga/
                kelompok nilai wajar melalui pendapatan                           marketable securities to movement of interest                                       equal to       than           than      more than     more than     more than     more than      5 tahun/   Non-interest
                                                                                                                                                                      1 month      3 months        1 year       2 years       3 years       4 years       5 years    Over 5 years   bearing                               Total
                komprehensif      lain    pada      tanggal                       rates as of 31 December 2024 and 2023 which
                31 Desember 2024 dan 2023 yang akan                               will be due in 12 (twelve) months due to interest                                                                                                                                                                                                     Current accounts
                jatuh tempo dalam 12 (dua belas) bulan atas                       rate changes (Bank Mandiri only) as follows:                   Giro pada
                                                                                                                                                  Bank Indonesia          -                      -               -              -              -                 -               -               -    105.146.044      105.146.044
                                                                                                                                                                                                                                                                                                                                             with Bank
                                                                                                                                                                                                                                                                                                                                             Indonesia
                perubahan tingkat suku bunga (Bank Mandiri                                                                                       Giro pada
                                                                                                                                                  bank lain      45.187.565                      -               -              -              -                 -               -               -      1.480.874       46.668.439
                                                                                                                                                                                                                                                                                                                                        Current accounts
                                                                                                                                                                                                                                                                                                                                       with other banks
                saja) yaitu:                                                                                                                     Penempatan pada
                                                                                                                                                  Bank Indonesia
                                                                                                                                                                                                                                                                                                                                        Placements with
                                                                                                                                                                                                                                                                                                                                       Bank Indonesia
                                                                                                                                                  dan bank lain  21.523.169              155.798         156.365        440.848                -      1.866.502                  -               -     39.087.372       63.230.054     and other banks
                                                                                                                                                                                                                                                                                                                                              Marketable
                                                      Peningkatan              Penurunan                                                         Efek-efek          21.988.643         3.741.619      18.072.279       5.272.650      8.126.793       2.376.911        2.218.345       4.187.119       29.545.189       95.529.548            securities
                                                                                                                                                 Obligasi
                                                        400 bps/                400 bps/                                                           pemerintah          3.639.987         107.534      19.873.009      32.647.761     13.303.790       9.634.768       33.397.254     139.248.922       35.419.634      287.272.659
                                                                                                                                                                                                                                                                                                                                 Government bonds
                                                                                                                                                 Tagihan lainnya -                                                                                                                                                                Other receivables
                                                      Increased by            Decreased by                                                         transaksi                                                                                                                                                                                  - trade
                                                                                                                                                   perdagangan         6.224.035      10.952.067      11.407.807          82.687      1.307.521                  -               -               -              -    29.974.117      transactions
                                                         400 bps                400 bps                                                          Tagihan atas                                                                                                                                                                               Securities
                                                                                                                                                   efek-efek yang                                                                                                                                                                      purchased
                                                                                                                                                   dibeli dengan janji                                                                                                                                                          under agreements
                                                                                                                                                   dijual kembali      8.113.681         132.240          44.217                -              -                 -               -               -              -     8.290.138             to resell
                31 Desember 2024                                                                                 31 December 2024                Tagihan                                                                                                                                                                                   Derivative
                                                                                                                                                   derivatif             753.470         542.038         471.997        447.324       1.615.679       1.045.009        2.745.171         140.820                -     7.761.508       receivables
                Menambah/(mengurangi)                                                                           Increase/(decrease)              Kredit yang diberikan                                                                                                                                                                     Loans and
                                                                                                                                                   dan piutang/                                                                                                                                                                                sharia
                  pendapatan bunga                            134.562               (132.419)                      interest income                 pembiayaan                                                                                                                                                                        receivables/
                                                                                                                                                   syariah*)       274.907.445       584.062.214     257.636.297      61.015.616     45.598.711      23.885.976       13.455.614      87.484.113      275.170.626 1.623.216.612         financing*)
                                                                                                                                                 Piutang                                                                                                                                                                                   Consumer
                                                      Peningkatan              Penurunan                                                           pembiayaan
                                                                                                                                                   konsumen            1.572.853       3.129.605      12.000.669      11.812.941      7.554.091       4.007.187        1.379.561         116.399                -    41.573.306
                                                                                                                                                                                                                                                                                                                                          financing
                                                                                                                                                                                                                                                                                                                                      receivables
                                                        400 bps/                400 bps/                                                         Investasi bersih                                                                                                                                                                   Net investment
                                                                                                                                                   dalam sewa                                                                                                                                                                                finance
                                                      Increased by            Decreased by                                                         pembiayaan            294.226         559.844       2.084.949       1.820.435        768.637         178.480           50.505                 -              -     5.757.076               leases
                                                                                                                                                 Tagihan                                                                                                                                                                                Acceptance
                                                         400 bps                400 bps                                                            akseptasi                   -               -               -              -               -               -                  -               -      9.313.865     9.313.865       receivables
                                                                                                                                                 Aset lain-lain     10.849.946           418.823         509.680        915.082       2.853.266       1.975.182                  -               -        415.944    17.937.923        Other assets
                                                                                                                                                                     395.055.020     603.801.782     322.257.269     114.455.344     81.128.488      44.970.015       53.246.450     231.177.373      495.579.548 2.341.671.289
                31 Desember 2023                                                                                 31 December 2023
                Menambah/(mengurangi)                                                                           Increase/(decrease)              Simpanan
                                                                                                                                                   nasabah
                                                                                                                                                                                                                                                                                                                                         Deposits from
                                                                                                                                                                                                                                                                                                                                          customers
                  pendapatan bunga                            211.716               (212.083)                      interest income                 Giro dan
                                                                                                                                                                                                                                                                                                                                    Demand deposits
                                                                                                                                                                                                                                                                                                                                       and wadiah
                                                                                                                                                    giro wadiah 317.911.225            6.521.625      29.347.315      39.129.753     39.129.753      39.129.753       39.129.753      39.129.753       19.147.079      568.576.009 demand deposits
                                                                                                                                                   Tabungan dan                                                                                                                                                                     Saving deposits
                                                                                                                                                    tabungan                                                                                                                                                                           and wadiah
                Proyeksi di atas mengasumsikan bahwa                              The above projections assumed that all other                      Wadiah      149.933.058           10.604.237      47.656.190      63.393.930     63.363.085      63.327.651       63.321.756      63.311.822       55.280.067      580.191.796 saving deposits
                seluruh variabel lainnya adalah konstan                           variables are held constant at reporting date.                   Deposito
                                                                                                                                                    berjangka   175.497.380           99.408.058      18.675.678       3.885.676             360                 -               -               -                 -   297.467.152
                                                                                                                                                                                                                                                                                                                                                Time
                                                                                                                                                                                                                                                                                                                                           deposits
                                                                                                                                                 Simpanan dari                                                                                                                                                                           Deposits from
                pada tanggal pelaporan keuangan.                                                                                                   bank lain                                                                                                                                                                             other banks
                                                                                                                                                                                                                                                                                                                                  Demand deposits,
                                                                                                                                                                                                                                                                                                                                   wadiah demand
                Sensitivitas pendapatan bunga untuk                               The sensitivities of interest income from fair                   Giro,
                                                                                                                                                     giro wadiah
                                                                                                                                                                                                                                                                                                                                           deposits
                                                                                                                                                                                                                                                                                                                                        and saving
                kelompok nilai wajar melalui pendapatan                           value through other comprehensive income                           dan tabungan 5.773.453                88.246        397.105        529.474         529.474         529.474          529.474         529.474          183.864        9.090.038         deposits
                                                                                                                                                   Interbank call                                                                                                                                                                      Interbank call
                komprehensif lain, tidak memperhitungkan                          without considering the effect off hedging and                     money             3.334.863       2.293.118       4.333.573                -              -                 -               -               -                 -     9.961.554          money
                efek dari lindung nilai dan tindakan-tindakan                     actions that Bank Mandiri would take to mitigate                 Deposito
                                                                                                                                                     berjangka         6.855.923         496.106          27.478        128.760         482.850                  -               -               -                 -     7.991.117
                                                                                                                                                                                                                                                                                                                                                Time
                                                                                                                                                                                                                                                                                                                                           deposits
                Bank Mandiri untuk mengurangi risiko atas                         the impact of this interest rate risk. In practice,            Liabilitas atas                                                                                                                                                                             Securities
                tingkat suku bunga. Dalam kenyataannya,                           Bank Mandiri proactively seeks to mitigate the
                                                                                                                                                   efek-efek yang
                                                                                                                                                   dijual dengan janji
                                                                                                                                                                                                                                                                                                                                          sold under
                                                                                                                                                                                                                                                                                                                                         agreements
                Bank Mandiri secara proaktif melakukan                            effect of prospective interest movements.                        dibeli kembali
                                                                                                                                                 Liabilitas
                                                                                                                                                                      58.138.164                 -     2.000.559      13.724.484     12.052.057       1.995.091        2.345.870                 -                 -    90.256.225    to repurchase
                                                                                                                                                                                                                                                                                                                                             Derivative
                mitigasi atas efek prospektif pergerakan                                                                                           derivatif             782.342         584.340         275.175        443.776       1.528.575         958.146        2.668.461           96.183                  -     7.336.998          payables
                tingkat suku bunga.                                                                                                              Liabilitas
                                                                                                                                                   akseptasi                   -                 -               -              -              -                 -               -               -      9.136.013        9.136.013
                                                                                                                                                                                                                                                                                                                                           Acceptance
                                                                                                                                                                                                                                                                                                                                            payables
                                                                                                                                                 Efek-efek yang                                                                                                                                                                         Debt securities
                                                                                                                                                   diterbitkan                 -       1.009.447       8.745.765      15.643.531      3.564.594       3.665.142        2.260.225                 -      6.252.363       41.141.067            issued
           c.   Eksposur Bank Mandiri terhadap             risiko              c. Bank Mandiri’s exposure to interest rate risk                  Beban yang
                tingkat suku bunga (repricing gap)                                (repricing gap)                                                  masih harus
                                                                                                                                                   dibayar                     -               -                 -            -               -                  -               -               -      5.466.461        5.466.461
                                                                                                                                                                                                                                                                                                                                             Accrued
                                                                                                                                                                                                                                                                                                                                          expenses
                                                                                                                                                 Liabilitas lain-lain 7.669.606        1.368.247                 -      204.450       1.412.130                  -               -               -        198.737       10.853.170     Other liabilities
                                                                                                                                                 Pinjaman yang                                                                                                                                                                                 Fund
                Tabel di bawah ini mengikhtisarkan aset dan                       The tables below summarise Bank Mandiri’s                        diterima
                                                                                                                                                 Pinjaman dan
                                                                                                                                                                       2.577.152      14.111.847      46.682.264      24.507.489     31.209.765       4.186.787        1.473.585       3.749.229       19.417.863      147.915.981      borrowings
                                                                                                                                                                                                                                                                                                                                   Subordinated loans
                liabilitas keuangan Bank Mandiri pada nilai                       financial asset and liabilities at carrying                      efek-efek
                                                                                                                                                   subordinasi                 -                 -               -              -              -                 -               -       203.562          200.000          403.562
                                                                                                                                                                                                                                                                                                                                    and marketable
                                                                                                                                                                                                                                                                                                                                         securitites
                tercatat, yang dikategorikan menurut mana                         amounts categorised by earlier of contractual
                                                                                                                                                                     728.473.166     136.485.271     158.141.102     161.591.323    153.272.643     113.792.044      111.729.124     107.020.023      115.282.447 1.785.787.143
                yang lebih dulu antara tanggal repricing                          repricing date or maturity dates:
                                                                                                                                                 Total                                                                                                                                                                                     Total interest
                secara kontraktual (contractual repricing) atau                                                                                   repricing gap
                                                                                                                                                  suku bunga (333.418.146)           467.316.511     164.116.167 (47.135.979)       (72.144.155)    (68.822.029)     (58.482.674)    124.157.350      380.297.101      555.884.146
                                                                                                                                                                                                                                                                                                                                              repricing
                                                                                                                                                                                                                                                                                                                                                    gap
                tanggal jatuh tempo:
                                                                                                                                                 *)    Termasuk piutang/dan pembiayaan Entitas Anak yang menjalankan usaha secara syariah                   *)   Represent receivables/and financing from Subsidiary engaged in sharia business which earn
                                                                                                                                                       dimana menerima imbalan berupa margin dan bagi hasil                                                      margin and profit sharing.




PT BANK MANDIRI (PERSERO) TBK                              1662         383                                                                                                                                                                 166384                                                                 ANNUAL REPORT 2024
Page 554
          FINANCIAL STATEMENTS 2024


                                                               PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                                      PT BANK MANDIRI (PERSERO) Tbk.
                                                          DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                                            DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                         NOTES TO THE CONSOLIDATED                                                          CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                                FINANCIAL STATEMENTS                                                        KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                                                31 DECEMBER 2024 AND 2023                                                       31 DESEMBER 2024 DAN 2023                                                                   31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                       (Expressed in millions of Rupiah, unless otherwise stated)                                                (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                                                          62. RISK MANAGEMENT (continued)                                                                                 62. MANAJEMEN RISIKO (lanjutan)                                 62. RISK MANAGEMENT (continued)
     B.    Risiko pasar dan risiko likuiditas (lanjutan)                                                         B.     Market risk and liquidity risk (continued)
                                                                                                                                                                                                                             B.   Risiko pasar dan risiko likuiditas (lanjutan)              B.   Market risk and liquidity risk (continued)
     (ii) Manajemen risiko suku bunga portfolio banking                                                          (ii) Interest rate risk management on banking book
          book (lanjutan)                                                                                             portfolio (continued)
                                                                                                                                                                                                                             (ii) Manajemen risiko suku bunga portfolio banking              (ii) Interest rate risk management on banking book
            c.      Eksposur Bank Mandiri terhadap risiko                                                               c. Bank Mandiri’s exposure to interest rate risk
                    tingkat suku bunga (repricing gap) (lanjutan)                                                          (repricing gap) (continued)                                                                            book (lanjutan)                                                 portfolio (continued)
                                                                                                          2023

                                                                         Dikenakan bunga/Interest bearing                                                                                                                         Untuk mengetahui dampak perubahan suku                          To assess the impact of changes in interest rates
                                            Lebih dari    Lebih dari
                                           1 bulan tapi 3 bulan tapi    Lebih dari    Lebih dari    Lebih dari    Lebih dari                                                                                                      bunga dan nilai tukar pada kondisi ekstrim (krisis)             and exchange rates at extreme conditions (crisis) to
                              Kurang dari   tidak lebih   tidak lebih  1 tahun tapi 2 tahun tapi 3 tahun tapi 4 tahun tapi
                                 sama      dari 3 bulan/ dari 1 tahun/ tidak lebih    tidak lebih   tidak lebih   tidak lebih                                                                                                     terhadap pendapatan dan modal, Bank                             earnings and capital, the Bank conducts stress
                                dengan        Over 1        Over 3     dari 2 tahun/ dari 3 tahun/ dari 4 tahun/ dari 5 tahun/                  Tidak
                                1 bulan/
                              Less than or
                                            month but
                                             not more
                                                         months but Over 1 year Over 2 years Over 3 years Over 4 years
                                                           not more       but not       but not       but not       but not     Lebih dari
                                                                                                                                             dikenakan
                                                                                                                                               bunga/                                                                             melakukan stress testing risiko pasar banking                   testing on the market risk of banking book regularly.
                                equal to       than           than      more than     more than     more than     more than      5 tahun/   Non-interest
                                1 month      3 months        1 year       2 years       3 years       4 years       5 years    Over 5 years   bearing                                 Total                                       book secara berkala.
                                                                                                                                                                                                Current accounts
           Giro pada                                                                                                                                                                                  with Bank
            Bank Indonesia          -                      -               -              -                -                 -               -               -    108.605.322      108.605.322        Indonesia              (iii) Manajemen pricing                                         (iii) Pricing management
           Giro pada                                                                                                                                                                            Current accounts
            bank lain      34.531.618                      -               -              -                -                 -               -               -      2.074.472       36.606.090 with other banks
           Penempatan pada                                                                                                                                                                       Placements with
            Bank Indonesia                                                                                                                                                                      Bank Indonesia
            dan bank lain  55.184.180            1.417.743          78.823                -                -                 -               -               -     17.207.411       73.888.157 and other banks                    Bank menerapkan kebijakan pricing baik untuk                    The Bank implements pricing policy for loans or
                                                                                                                                                                                                       Marketable
           Efek-efek
           Obligasi
                              22.838.409         7.271.250       9.799.260       5.322.235      4.246.938         8.232.473        2.228.168       6.167.194       28.590.189       94.696.116        securities
                                                                                                                                                                                                                                  produk dana maupun produk kredit. Kebijakan                     deposit products. The pricing policy is one of the
             pemerintah            936.853       5.792.369      16.768.419      22.549.891     28.136.168        13.652.381       10.117.146     167.590.272       43.639.472  309.182.971 Government bonds
           Tagihan lainnya -                                                                                                                                                                  Other receivables                   pricing merupakan salah satu strategi untuk                     Bank’s strategy to maximise Net Interest Margin
             transaksi                                                                                                                                                                                    - trade
             perdagangan
           Tagihan atas
                                 5.403.887      11.847.619       7.534.017                -                -                 -               -     1.259.030                -    26.044.553      transactions
                                                                                                                                                                                                        Securities                memaksimalkan Net Interest Margin (“NIM”) dan                   (“NIM”) and to support the Bank to dominate the
             efek-efek yang                                                                                                                                                                        purchased
             dibeli dengan janji                                                                                                                                                            under agreements                      sekaligus mendukung Bank menguasai market                       market share by considering the competition
             dijual kembali   22.689.183              2.772            973                -                -                 -               -               -              -    22.692.928             to resell
           Tagihan
             derivatif               6.819                 -       261.822        169.585             92.038          43.732         448.145           55.226         917.564     1.994.931
                                                                                                                                                                                                       Derivative
                                                                                                                                                                                                  receivables                     share dengan mempertimbangkan kondisi                           condition.
           Kredit yang diberikan                                                                                                                                                                       Loans and
             dan piutang/                                                                                                                                                                                  sharia                 persaingan.
             pembiayaan                                                                                                                                                                          receivables/
             syariah*)       217.328.322       507.823.263     215.974.740      55.468.468     32.162.877        15.190.784       10.272.960      67.703.244      237.907.537 1.359.832.195         financing*)
           Piutang                                                                                                                                                                                     Consumer
             pembiayaan                                                                                                                                                                               financing
             konsumen            1.216.323       2.344.176       9.310.284       9.500.663      6.086.582         3.138.168        1.089.394           64.206               -    32.749.796       receivables                     Bank secara konsisten berupaya menerapkan                       The Bank consistently manages to apply the
           Investasi bersih                                                                                                                                                                     Net investment
             dalam sewa
             pembiayaan            301.803         587.456       2.182.092       1.642.968        643.162            116.788          14.973                 -              -     5.489.242
                                                                                                                                                                                                         finance
                                                                                                                                                                                                          leases
                                                                                                                                                                                                                                  strategi sebagai market leader dalam hal pricing                strategy as market leader in terms of fund pricing.
           Tagihan                                                                                                                                                                                  Acceptance
             akseptasi                   -               -               -              -               -                 -                  -               -     14.793.888    14.793.888       receivables                     pendanaan.       Namun       demikian,       dengan             However, considering the liquidity conditions and
           Aset lain-lain     15.785.032           347.421         465.207        992.615       2.679.499         2.299.589                  -               -        296.998    22.866.361        Other assets
                               376.222.429     537.434.069     262.375.637      95.646.425     74.047.264        42.673.915       24.170.786     242.839.172      454.032.853 2.109.442.550
                                                                                                                                                                                                                                  mempertimbangkan         kondisi   likuiditas   dan             funding needs, the Bank may implement an
                                                                                                                                                                                                                                  kebutuhan dana, Bank dapat menerapkan                           aggressive    strategy    (greater   than    major
           Simpanan                                                                                                                                                                                  Deposits from
             nasabah                                                                                                                                                                                  customers
                                                                                                                                                                                                 Demand deposits                  strategi agresif (lebih besar dari pesaing utama)               competitors) or defensive (equal to or smaller than
             Giro dan                                                                                                                                                                              and wadiah
              giro wadiah 310.235.906            6.233.119      28.049.036      37.398.714     37.398.714        37.398.714       37.398.714      37.398.714       20.847.525      552.359.156 demand deposits                    atau defensif (sama atau lebih kecil dari pesaing               major competitors).
             Tabungan dan                                                                                                                                                                       Saving deposits
              tabungan
              Wadiah
                          128.443.425            9.466.517      42.425.476      56.434.347     56.390.124        56.365.914       56.369.579      56.369.733       47.026.374      509.291.489     and wadiah
                                                                                                                                                                                               saving deposits
                                                                                                                                                                                                                                  utama).
             Deposito                                                                                                                                                                                       Time
              berjangka   174.166.615           96.239.651      15.319.326       4.071.912                 -                 -               -               -                 -   289.797.504         deposits
           Simpanan dari                                                                                                                                                                             Deposits from
             bank lain                                                                                                                                                                               other banks
                                                                                                                                                                                                Demand deposits,
                                                                                                                                                                                                                                  Dalam menetapkan suku bunga kredit, Bank                        In determine interest rates, the Bank implements
                                                                                                                                                                                              wadiah demand
             Giro,                                                                                                                                                                                     deposits                   menerapkan risk based pricing yaitu pemberian                   risk-based pricing by providing a range of interest
               giro wadiah                                                                                                                                                                          and saving
               dan tabungan 2.163.848
             Interbank call
                                                   123.848         557.317        743.089         743.089            743.089         743.089         743.089          133.125        6.693.583         deposits
                                                                                                                                                                                                   Interbank call
                                                                                                                                                                                                                                  suku bunga kredit kepada nasabah bervariasi                     rate of loan to customers based on credit risk level.
               money             4.358.522       2.235.673         687.701                -                -                 -               -               -                 -     7.281.896          money
             Deposito                                                                                                                                                                                       Time                  berdasarkan tingkat risiko kreditnya. Dalam                     In order to minimize interest rate risk, the loan
               berjangka         1.932.928         985.930         790.443                -                -                 -               -               -                 -     3.709.301         deposits
           Liabilitas atas
             efek-efek yang
                                                                                                                                                                                                         Securities
                                                                                                                                                                                                      sold under
                                                                                                                                                                                                                                  rangka meminimalkan risiko suku bunga, maka                     interest rate is adjusted with interest rate from cost
             dijual dengan janji                                                                                                                                                                     agreements
             dibeli kembali              -                 -    14.797.950       1.647.789     13.137.601         4.821.862        1.924.862                 -                 -    36.330.064    to repurchase                   suku bunga kredit disesuaikan dengan suku                       of funds. Other than cost of funds, loan interest
           Liabilitas                                                                                                                                                                                    Derivative
             derivatif
           Liabilitas
                                    28.975            7.717        373.278        156.490         108.802             24.643         430.159           17.685         966.104        2.113.853          payables
                                                                                                                                                                                                       Acceptance
                                                                                                                                                                                                                                  bunga sumber dana pembiayaan. Selain biaya                      rates are determined with consideration to
             akseptasi                   -                 -               -              -                -                 -               -               -     14.793.888       14.793.888          payables
           Efek-efek yang                                                                                                                                                                           Debt securities               dana, suku bunga kredit ditetapkan dengan                       overhead costs, credit risk premiums and profit
             diterbitkan                 -         200.000      17.162.101       9.247.021     16.436.111         2.021.773        3.668.974                 -      1.781.784       50.517.764            issued
           Beban yang
             masih harus                                                                                                                                                                                 Accrued
                                                                                                                                                                                                                                  mempertimbangkan biaya overhead, premi risiko                   margins as well as taking into account the Bank's
             dibayar                     -               -                 -            -               -                    -               -               -      4.799.446        4.799.446        expenses
           Liabilitas lain-lain 11.718.324       1.370.402                 -      211.261         783.707                    -               -               -        287.424       14.371.118     Other liabilities              kredit dan marjin keuntungan Bank dengan tetap                  competitiveness with its major competitors. Interest
           Pinjaman yang                                                                                                                                                                                     Fund
             diterima
           Pinjaman dan
                                 6.734.351      12.168.860      34.416.051      10.253.388     15.133.164         1.122.090          885.004       2.056.247       12.676.304       95.445.459      borrowings
                                                                                                                                                                                               Subordinated loans
                                                                                                                                                                                                                                  memperhatikan competitiveness dengan pesaing                    rates for loan can be either a floating or a fixed rate
             efek-efek                                                                                                                                                                          and marketable
             subordinasi                 -                 -               -              -                -                 -               -       215.171                   -       215.171       securitites                  utama. Suku bunga kredit dapat berupa suku                      for certain tenors.
                               639.782.894     129.031.717     154.578.679     120.164.011    140.131.312       102.498.085      101.420.381      96.800.639      103.311.974 1.587.719.692                                       bunga mengambang (floating rate) atau suku
           Total                                                                                                                                                                                       Total interest
            repricing gap                                                                                                                                                                                 repricing               bunga tetap (fixed rate) untuk tenor tertentu.
            suku bunga (263.560.465) 408.402.352               107.796.958     (24.517.586)   (66.084.048)       (59.824.170)    (77.249.595) 146.038.533         350.720.879      521.722.858                 gap

           *)    Termasuk piutang/dan pembiayaan Entitas Anak yang menjalankan usaha secara syariah                     *)   Represent receivables/and financing from Subsidiary engaged in sharia business which earn
                 dimana menerima imbalan berupa margin dan bagi hasil                                                        margin and profit sharing.




PT BANK MANDIRI (PERSERO) TBK                                                          1664                    385                                                                                                                                                                      1665
                                                                                                                                                                                                                                                                                           386                                    ANNUAL REPORT 2024
Page 555
          FINANCIAL STATEMENTS 2024


                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                  PT BANK MANDIRI (PERSERO) Tbk.
                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                        DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED               CATATAN ATAS LAPORAN KEUANGAN                                                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS             KONSOLIDASIAN                                                                                                                     FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                    31 DECEMBER 2024 AND 2023            31 DESEMBER 2024 DAN 2023                                                                                                     31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)     (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                            (Expressed in millions of Rupiah, unless otherwise stated)


62. MANAJEMEN RISIKO (lanjutan)                                   62. RISK MANAGEMENT (continued)                                 62. MANAJEMEN RISIKO (lanjutan)                                                                 62. RISK MANAGEMENT (continued)

                                                                                                                                      B.   Risiko pasar dan risiko likuiditas (lanjutan)                                                 B.        Market risk and liquidity risk (continued)
     B.    Risiko pasar dan risiko likuiditas (lanjutan)             B.   Market risk and liquidity risk (continued)
                                                                                                                                      (iv) Manajemen risiko nilai tukar (lanjutan)                                                       (iv) Foreign exchange risk management (continued)
     (iv) Manajemen risiko nilai tukar                               (iv) Foreign exchange risk management                                 a.   Eksposur Bank Mandiri atas risiko nilai tukar                                                      a.    Bank Mandiri exposure to foreign currency
                                                                                                                                                mata uang asing                                                                                          exchange rate risk
           Risiko nilai tukar adalah potensi kerugian yang                Exchange rate risk represents potential loss arising
                                                                                                                                                Tabel di bawah ini mengikhtisarkan eksposur                                                              The table below summaries the Group’s
           timbul akibat pergerakan nilai tukar di pasar yang             from unfavourable exchange rate movements in
                                                                                                                                                Grup atas risiko nilai tukar mata uang asing                                                             exposure of foreign currency exchange rate
           berlawanan pada saat Bank memiliki posisi                      the market when the Bank has an open position.                        pada tanggal 31 Desember 2024 dan 2023.                                                                  risk as of 31 December 2024 and 2023.
           terbuka. Bank menerapkan manajemen risiko                      The Bank applies a proper foreign exchange risk                       Termasuk di dalamnya adalah instrumen                                                                    Included in the table are the Group’s financial
           nilai tukar yang memadai sehingga terhindar dari               management to avoid loss arising from exchange                        keuangan Grup pada nilai tercatat,                                                                       instruments at carrying amount, categorised
                                                                                                                                                dikategorikan berdasarkan jenis mata uang.                                                               by currencies.
           kerugian akibat perubahan atau volatilitas nilai               rate changes or volatility. Exchange rate risk arises
           tukar. Risiko nilai tukar berasal dari transaksi               from foreign exchange currency transactions with                                                                                                              2024
                                                                                                                                                                           Dolar                                                                                         Pound
           valuta asing dengan nasabah atau counterparty                  customer or counterparty which leads to an open                                                 Amerika                                                                                       Sterling
                                                                                                                                                                          Serikat/                       Dolar                          Dolar            Yuan           Inggris/
           yang menyebabkan posisi terbuka dalam valuta                   position in foreign currency or structural positions                                             United      Euro Eropa/    Singapura/       Yen Jepang/    Australia/         China/       Great Britain
                                                                                                                                                                           States       European      Singapore         Japanese      Australian        Chinese         Pound-        Lain-lain/
           asing maupun posisi struktural dalam valuta                    in foreign currencies due to capital investment. The                                             Dollar         Euro          Dollar             Yen          Dollar           Yuan           sterling       Others                Total

           asing akibat penyertaan modal. Bank mengelola                  Bank manages exchange rate risk by monitoring
                                                                                                                                                Aset                                                                                                                                                                                  Assets
           risiko nilai tukar dengan melakukan pemantauan                 and managing the Net Open Position (“NOP”) in                         Kas
                                                                                                                                                Giro pada
                                                                                                                                                                        2.336.137          306.836        231.324           67.744       273.072            5.379           31.811       435.539             3.687.842                   Cash
                                                                                                                                                                                                                                                                                                                            Current accounts
           dan pengelolaan Posisi Devisa Neto (“PDN”)                     accordance with internal limits and the regulation                      Bank Indonesia
                                                                                                                                                Giro pada
                                                                                                                                                                       13.738.349                -                 -             -                 -              -               -                -        13.738.349 with Bank Indonesia
                                                                                                                                                                                                                                                                                                                       Current accounts with
                                                                                                                                                  bank lain            29.598.431        5.920.871        905.392        5.858.813       229.755        1.784.098        1.048.389       918.300            46.264.049
           sesuai dengan limit internal dan ketentuan Bank                of Bank Indonesia.                                                    Penempatan pada
                                                                                                                                                                                                                                                                                                                                other banks
                                                                                                                                                                                                                                                                                                                             Placement with
                                                                                                                                                  Bank Indonesia                                                                                                                                                            Bank Indonesia
           Indonesia.                                                                                                                             dan bank lain        30.350.296                -         35.889                -                 -      201.757                 -      105.729            30.693.671     and other banks
                                                                                                                                                Efek-efek              24.727.200                -        644.529           10.385                 -       73.676                 -            -            25.455.790 Marketable securities
                                                                                                                                                Obligasi pemerintah    50.464.201        1.138.143              -                -                 -            -                 -            -            51.602.344    Government bonds
                                                                                                                                                Tagihan lainnya -                                                                                                                                                         Other receivables -
           Perhitungan PDN pada tanggal 31 Desember                       The calculation of the net open position as of                          transaksi                                                                                                                                                                            trade
                                                                                                                                                  perdagangan          11.446.140           85.543         30.726           11.585              -         152.884           40.038        18.321            11.785.237         transactions
           2024 dan 2023 berdasarkan Peraturan Bank                       31 December 2024 and 2023 is based on Bank                            Tagihan derivatif       6.530.888           26.749              4           13.091             42          23.694            2.515           133             6.597.116 Derivative receivables
                                                                                                                                                Kredit yang diberikan
           Indonesia No. 12/10/PBI/2010 tanggal 1 Juli 2010               Indonesia’s Regulation No. 12/10/PBI/2010 dated                         dan piutang/                                                                                                                                                              Loans and sharia
                                                                                                                                                  pembiayaan                                                                                                                                                                   receivables/
           yang telah diperbaharui oleh Peraturan Bank                    1 July 2010 which amended by Bank Indonesia’s                           syariah             271.899.002        5.309.651      1.662.946           32.067      1.130.626       4.829.413          516.849                     -   285.380.554             financing
                                                                                                                                                Tagihan                                                                                                                                                                           Acceptance
           Indonesia No. 17/5/PBI/2015 tanggal 29 Mei                     Regulation No. 17/5/PBI/2015 dated on 29 May                            akseptasi             3.080.537          255.283          2.869           54.769              -         366.435                -        40.036             3.799.929          receivables
                                                                                                                                                Aset lain-lain          3.371.087           95.210         10.644              259          6.203          28.771            8.829            76             3.521.079           Other assets
           2015 yang mengatur mengenai penghapusan                        2015 regarding removal implementation NOP 30
                                                                                                                                                Total aset             447.542.268      13.138.286      3.524.323        6.048.713      1.639.698       7.466.107        1.648.431     1.518.134           482.525.960            Total asset
           peraturan PDN 30 menit. Sesuai dengan                          minutes. In accordance with Bank Indonesia                            Liabilitas                                                                                                                                                                         Liabilities
           Peraturan Bank Indonesia, rasio PDN secara                     Regulation, the overall NOP ratio is the total                        Simpanan nasabah                                                                                                                                                    Deposits from customers
                                                                                                                                                                                                                                                                                                                          Demand deposits
           keseluruhan adalah penjumlahan nilai absolut                   absolute amount from the net difference between                        Giro dan
                                                                                                                                                  giro wadiah          177.865.251       4.164.814        601.942        1.479.829       154.963        2.199.676           68.938       100.613
                                                                                                                                                                                                                                                                                                                              and wadiah
                                                                                                                                                                                                                                                                                                           186.636.026 demand deposits
                                                                                                                                                                                                                                                                                                                       Saving deposits and
           dari selisih bersih antara aset dan liabilitas dalam           assets and liabilities for each foreign currency on                    Tabungan dan                                                                                                                                                              wadiah saving
                                                                                                                                                  tabungan wadiah         39.539.856       480.402        702.088        3.786.159       217.302           53.919          179.728        44.900            45.004.354           deposits
           laporan posisi keuangan untuk setiap mata uang                 statement of financial position which presented in                     Deposito berjangka       37.559.481        19.941        608.155           36.194        30.906          776.103            1.611        35.125            39.067.516       Time deposits
                                                                                                                                                                                                                                                                                                                               Deposits from
           asing yang dinyatakan dalam Rupiah ditambah                    Rupiah added with the net difference between                          Simpanan dari bank lain                                                                                                                                                         other banks
                                                                                                                                                                                                                                                                                                                         Demand deposits,
           dengan selisih bersih dari tagihan dan liabilitas              receivables and payables of commitments and                             Giro, giro wadiah                                                                                                                                                      wadiah demand
                                                                                                                                                    dan                                                                                                                                                                     deposits and
           komitmen dan kontinjensi, yang dicatat dalam                   contingencies     for    each    foreign   currency                       tabungan               5.032.056          345           1.608             419                  -          476                 -            43            5.034.947    saving deposits
                                                                                                                                                  Interbank call money 5.713.725                -               -               -                  -    3.547.829                 -             -            9.261.554 Interbank call money
           rekening administratif, untuk setiap mata uang                 recorded in administrative which presented in                           Deposito berjangka       3.255.487            -               -               -                  -            -                 -             -            3.255.487       Time deposits
                                                                                                                                                Liabilitas atas efek-efek                                                                                                                                             Securities sold under
           asing, yang dinyatakan dalam Rupiah. PDN                       Rupiah. The net open position for the statement of                      yang dijual dengan                                                                                                                                                         agreements to
                                                                                                                                                  janji dibeli kembali    32.671.051             -              -                -              -               -                 -            -            32.671.051 repurchase liabilities
           untuk laporan posisi keuangan adalah selisih                   financial position is the net difference between                      Liabilitas derivatif       6.414.612           672             31           96.580             30          17.476                 -           20             6.529.421     Derivative payable
                                                                                                                                                Liabilitas akseptasi       3.080.537       255.283          2.869           54.769              -         366.435                 -       40.036             3.799.929 Acceptance payables
           bersih jumlah aset dan jumlah liabilitas dalam                 total assets and liabilities for each foreign                         Efek-efek yang                                                                                                                                                                Debt securities
                                                                                                                                                  diterbitkan             17.676.520             -                 -             -                 -              -               -                -        17.676.520               issued
           mata uang asing yang dinyatakan dalam Rupiah.                  currency which presented in Rupiah. As of 20                          Beban yang masih
                                                                                                                                                  harus dibayar            1.366.463         1.247         49.275              138            140          42.149               58         6.906             1.466.376     Accrued expenses
           Terhitung tanggal 20 Maret 2020 sesuai dengan                  March 2020, in accordance with BI Letter                              Liabilitas lain-lain         599.223
                                                                                                                                                Pinjaman yang diterima 97.213.556
                                                                                                                                                                                            26.618
                                                                                                                                                                                                 -
                                                                                                                                                                                                          153.625
                                                                                                                                                                                                                -
                                                                                                                                                                                                                            42.659
                                                                                                                                                                                                                                 -
                                                                                                                                                                                                                                           19.647
                                                                                                                                                                                                                                                -
                                                                                                                                                                                                                                                          391.407
                                                                                                                                                                                                                                                                -
                                                                                                                                                                                                                                                                             2.719
                                                                                                                                                                                                                                                                                 -
                                                                                                                                                                                                                                                                                          60.220
                                                                                                                                                                                                                                                                                               -
                                                                                                                                                                                                                                                                                                             1.296.118
                                                                                                                                                                                                                                                                                                            97.213.556
                                                                                                                                                                                                                                                                                                                              Other liabilities
                                                                                                                                                                                                                                                                                                                            Fund borrowings
           Surat BI No. 22/53/DPPK/Srt/B, transaksi                       No. 22/53/DPPK/Srt/B, Domestic Non-Deliverable                        Pinjaman dan
                                                                                                                                                  efek-efek
                                                                                                                                                                                                                                                                                                                          Subordinated loans
                                                                                                                                                                                                                                                                                                                            and marketable
                                                                                                                                                  subordinasi                104.015             -                 -             -                 -              -               -                -           104.015           securities
           Domestic Non-Deliverable Forward (“DNDF”)                      Forward (“DNDF”) transactions are included in the
                                                                                                                                                Total liabilitas       428.091.833       4.949.322      2.119.593        5.496.747       422.988        7.395.470          253.054       287.863           449.016.870        Total liabilities
           disertakan ke dalam perhitungan PDN.                           NOP calculation.
                                                                                                                                                Laporan posisi                                                                                                                                                              Net statement of
                                                                                                                                                 keuangan bersih          19.450.435     8.188.964      1.404.730          551.966      1.216.710          70.637        1.395.377     1.230.271            33.509.090   financial position

                                                                                                                                                Rekening
                                                                                                                                                 administratif                                                                                                                                                                Administrative
                                                                                                                                                 bersih                   17.859.719    (7.472.470)    (1.337.325)        (638.533)    (1.210.033)        486.186       (1.380.114)   (1.068.819)            5.238.611      accounts - net




PT BANK MANDIRI (PERSERO) TBK                              1666    387                                                                                                                                                        1667
                                                                                                                                                                                                                                 388                                                                       ANNUAL REPORT 2024
Page 556
          FINANCIAL STATEMENTS 2024


                                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                                       PT BANK MANDIRI (PERSERO) Tbk.
                                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                                             DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                     NOTES TO THE CONSOLIDATED                                                        CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                            FINANCIAL STATEMENTS                                                      KONSOLIDASIAN                                                                                        FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                                            31 DECEMBER 2024 AND 2023                                                     31 DESEMBER 2024 DAN 2023                                                                        31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                   (Expressed in millions of Rupiah, unless otherwise stated)                                              (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                                                        62. RISK MANAGEMENT (continued)                                                                             62. MANAJEMEN RISIKO (lanjutan)                                   62. RISK MANAGEMENT (continued)

     B.    Risiko pasar dan risiko likuiditas (lanjutan)                                                      B.        Market risk and liquidity risk (continued)                                                     B.   Risiko pasar dan risiko likuiditas (lanjutan)                   B.   Market risk and liquidity risk (continued)

     (iv) Manajemen risiko nilai tukar (lanjutan)                                                             (iv) Foreign exchange risk management (continued)                                                        (iv) Manajemen risiko nilai tukar (lanjutan)                         (iv) Foreign exchange risk management (continued)
           a.   Eksposur Bank Mandiri atas risiko nilai tukar                                                           a.    Bank Mandiri exposure to foreign currency                                                     b.   Saldo aset dan liabilitas moneter dalam mata                    b.   The balance of monetary assets and liabilities
                mata uang asing (lanjutan)                                                                                    exchange rate risk (continued)                                                                     uang asing adalah sebagai berikut:                                   in foreign currencies are as follows:

                Tabel di bawah ini mengikhtisarkan eksposur                                                                   The table below summaries the Group’s                                                                                                                  2024
                Grup atas risiko nilai tukar mata uang asing                                                                  exposure of foreign currency exchange rate
                pada tanggal 31 Desember 2024 dan 2023.                                                                       risk as of 31 December 2024 and 2023.                                                                                                      Ekuivalen              Mata uang
                Termasuk di dalamnya adalah instrumen                                                                         Included in the table are the Group’s financial                                                                                             Rupiah                   asing
                keuangan Grup pada nilai tercatat,                                                                            instruments at carrying amount, categorised                                                                                             (dalam jutaan)/        (dalam ribuan)/
                dikategorikan berdasarkan jenis mata uang                                                                     by currencies. (continued)                                                                                                                  Rupiah                 Foreign
                (lanjutan).                                                                                                                                                                                                                                             Equivalent              Currencies
                                                                                                                                                                                                                                                                        (in million)          (in thousand)
                                                                                                             2023
                                           Dolar                                                                                              Pound
                                          Amerika                                                                                            Sterling                                                                            Aset                                                                                                            Assets
                                          Serikat/                           Dolar                           Dolar            Yuan           Inggris/
                                           United       Euro Eropa/       Singapura/       Yen Jepang/     Australia/         China/       Great Britain
                                           States        European         Singapore         Japanese       Australian        Chinese         Pound-        Lain-lain/
                                                                                                                                                                                                                                 Kas                                                                                                                 Cash
                                           Dollar          Euro             Dollar             Yen           Dollar           Yuan           sterling       Others            Total                                                Dolar Amerika Serikat                      2.336.137                 145.147                    United States Dollar
                                                                                                                                                                                                                                   Euro Eropa                                   306.836                  18.310                          European Euro
                Aset                                                                                                                                                                                   Assets                      Dolar Australia                              273.072                  27.270                         Australian Dollar
                Kas                       1.784.628         411.511           195.452           63.301        308.730            4.286           62.835       380.577         3.211.320                   Cash
                Giro pada                                                                                                                                                                    Current accounts                      Dolar Singapura                              231.324                  19.530                         Singapore Dollar
                  Bank Indonesia         12.780.622               -                    -              -                 -              -               -                -    12.780.622 with Bank Indonesia                        Yen Jepang                                    67.744                 657.517                           Japanese Yen
                Giro pada                                                                                                                                                               Current accounts with
                  bank lain              21.647.171       4.785.409           693.995        2.484.498        238.174        3.861.548          641.562     1.394.980        35.747.337          other banks                       Pound Sterling Inggris                        31.811                   1.573             Great Britain Pound Sterling
                Penempatan pada                                                                                                                                                               Placement with                       Dolar Hong Kong                               13.031                   6.286                       Hong Kong Dollar
                  Bank Indonesia                                                                                                                                                             Bank Indonesia
                  dan bank lain          39.408.595          34.104            23.423                -                  -      542.472                 -                -    40.008.594     and other banks                        Yuan China                                     5.379                   2.439                           Chinese Yuan
                Efek-efek                20.013.249                   -       278.097              893                  -       22.272                 -                -    20.314.511 Marketable securities                      Lain-lain                                    422.508                  26.251                                   Others
                Obligasi pemerintah      51.651.407       1.136.362                 -                -                  -            -                 -                -    52.787.769    Government bonds
                Tagihan lainnya -                                                                                                                                                          Other receivables -
                  transaksi                                                                                                                                                                             trade                                                                 3.687.842                 904.323
                  perdagangan            11.926.761          83.473            14.264           13.964                  -       38.089            1.218                 -    12.077.769         transactions
                Tagihan atas efek-efek -                                                                                                                                                 Securities sold under
                  yang dibeli dengan -                                                                                                                                                       agreements to                       Giro pada                                                                                        Current accounts with
                  janji dijual kembali      478.523               -                    -             -                -              -                -                 -       478.523         repurchase                         Bank Indonesia                                                                                     Bank Indonesia
                Tagihan derivatif         1.282.658          28.434                    -        52.395              435          3.619            9.389                 -     1.376.930 Derivative receivables
                Kredit yang diberikan                                                                                                                                                                                              Dolar Amerika Serikat                    13.738.349                  853.579                    United States Dollar
                  dan piutang/                                                                                                                                                               Loans and sharia
                  pembiayaan                                                                                                                                                                    receivables/
                  syariah              249.203.231        5.815.518           442.690            1.643        805.990        2.823.484                 -        3.976       259.096.532             financing                    Giro pada                                                                                        Current accounts with
                Tagihan                                                                                                                                                                            Acceptance                      bank lain                                                                                                other banks
                  akseptasi               4.381.757         551.561             3.241           47.404               -         296.548                -       327.886         5.608.397          receivables
                Aset lain-lain            4.002.652          79.052               507              159          11.376          16.039               23            96         4.109.904           Other assets                     Dolar Amerika Serikat                    29.598.431                 1.838.983                   United States Dollar
                                                                                                                                                                                                                                   Euro Eropa                                5.920.871                   353.314                         European Euro
                Total aset             418.561.254       12.925.424         1.651.669        2.664.257       1.364.705       7.608.357          715.027     2.107.515       447.598.208            Total asset
                                                                                                                                                                                                                                   Yen Jepang                                5.858.813                56.865.117                          Japanese Yen
                Liabilitas                                                                                                                                                                          Liabilities                    Yuan China                                1.784.098                   809.118                          Chinese Yuan
                Simpanan nasabah                                                                                                                                                     Deposits from customers
                                                                                                                                                                                           Demand deposits
                                                                                                                                                                                                                                   Pound Sterling Inggris                    1.048.389                    51.853            Great Britain Pound Sterling
                 Giro dan                                                                                                                                                                      and wadiah                          Dolar Singapura                             905.392                    76.439                        Singapore Dollar
                  giro wadiah          177.046.247        3.580.250           406.399          936.610          62.103       3.251.028           42.362       290.599       185.615.598 demand deposits
                                                                                                                                                                                       Saving deposits and
                                                                                                                                                                                                                                   Dolar Australia                             229.755                    22.945                        Australian Dollar
                 Tabungan dan                                                                                                                                                                wadiah saving                         Dolar Hong Kong                              58.216                    28.081                      Hong Kong Dollar
                  tabungan wadiah         35.560.169        501.079           609.628        2.564.440        166.223          104.176          103.513        42.375        39.651.603           deposits                         Lain-lain                                   860.084                    53.438                                  Others
                 Deposito berjangka       29.776.332         20.323           623.214          109.047         22.086          470.257            1.394        35.665        31.058.318       Time deposits
                                                                                                                                                                                                Deposits from
                Simpanan dari bank lain                                                                                                                                                          other banks
                                                                                                                                                                                          Demand deposits,
                                                                                                                                                                                                                                                                            46.264.049                60.099.288
                  Giro, giro wadiah                                                                                                                                                        wadiah demand
                    dan                                                                                                                                                                       deposits and                       Penempatan pada                                                                                        Placement with
                    tabungan               2.427.071           641              1.192              443                  -          495                 -            45        2.429.887    saving deposits
                  Interbank call money 4.927.040                 -                  -                -                  -    2.039.856                 -             -        6.966.896 Interbank call money                       Bank Indonesia dan bank lain                                                      Bank Indonesia and other banks
                  Deposito berjangka       3.125.591             -                  -                -                  -            -                 -             -        3.125.591       Time deposits                        Dolar Amerika Serikat                    30.350.296                 1.885.697                 United States Dollar
                Liabilitas atas efek-efek                                                                                                                                                Securities sold under
                  yang dijual dengan                                                                                                                                                          agreements to                        Yuan China                                  201.757                    91.500                       Chinese Yuan
                  janji dibeli kembali    36.330.064              -                 -                -               -               -                -             -        36.330.064 repurchase liabilities                     Dolar Hong Kong                             105.729                    51.000                   Hong Kong Dollar
                Liabilitas derivatif       1.322.233         27.742             5.252            1.286           2.088           3.655            4.195         7.054         1.373.505     Derivative payable
                Liabilitas akseptasi       4.381.757        551.561             3.241           47.404               -         296.548                -       327.886         5.608.397 Acceptance payables                        Dolar Singapura                              35.889                     3.030                     Singapore Dollar
                Efek-efek yang                                                               3.610.540                                                                                 Debt securities
                  diterbitkan             28.421.722              -                    -             -                  -              -               -                -    28.421.722                issued
                Beban yang masih
                                                                                                                                                                                                                                                                            30.693.671                 2.031.227
                  harus dibayar              981.490          1.268            25.641              146             140          32.538              360         7.410         1.048.993     Accrued expenses                     Efek-efek                                                                                         Marketable securities
                Liabilitas lain-lain       1.764.092        241.369           204.655           22.725          69.560         933.179           19.810        99.982         3.355.372        Other liabilities
                Pinjaman yang diterima 56.499.149                 -                 -                -               -               -                -             -        56.499.149      Fund borrowings
                                                                                                                                                                                                                                   Dolar Amerika Serikat                    24.727.200                 1.536.329                   United States Dollar
                Pinjaman dan                                                                                                                                                               Subordinated loans                      Dolar Singapura                             644.529                    54.416                      Singapore Dollar
                  efek-efek                                                                                                                                                                  and marketable                        Yuan China                                   73.676                    33.413                        Chinese Yuan
                  subordinasi                115.735              -                    -              -                 -              -               -                -       115.735           securities
                                                                                                                                                                                                                                   Yen Jepang                                   10.385                   100.796                             Japanese
                Total liabilitas       382.678.692        4.924.233         1.879.222        3.682.101        322.200        7.131.732          171.634       811.016       401.600.830        Total liabilities

                Laporan posisi                                                                                                                                                             Net statement of                                                                 25.455.790                 1.724.954
                 keuangan bersih          35.882.562      8.001.191          (227.553)       (1.017.844)     1.042.505         476.625          543.393     1.296.499        45.997.378 financial position

                Rekening
                 administratif                                                                                                                                                                 Administrative
                 bersih                   (5.747.875)    (5.378.490)          340.070          786.474      (1.025.908)       (130.300)        (432.491)     (975.166)      (12.563.685)     accounts - net




PT BANK MANDIRI (PERSERO) TBK                                                      1668                    389                                                                                                                                                                    1669
                                                                                                                                                                                                                                                                                     390                                         ANNUAL REPORT 2024
Page 557
          FINANCIAL STATEMENTS 2024


                                                PT BANK MANDIRI (PERSERO) Tbk.                                                                                                           PT BANK MANDIRI (PERSERO) Tbk.
                                           DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                 DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED                  CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                          FINANCIAL STATEMENTS                KONSOLIDASIAN                                                                                        FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                          31 DECEMBER 2024 AND 2023               31 DESEMBER 2024 DAN 2023                                                                        31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)        (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                     62. RISK MANAGEMENT (continued)                                        62. MANAJEMEN RISIKO (lanjutan)                                   62. RISK MANAGEMENT (continued)

     B.    Risiko pasar dan risiko likuiditas (lanjutan)                   B.   Market risk and liquidity risk (continued)                     B.   Risiko pasar dan risiko likuiditas (lanjutan)                   B.   Market risk and liquidity risk (continued)

     (iv) Manajemen risiko nilai tukar (lanjutan)                          (iv) Foreign exchange risk management (continued)                   (iv) Manajemen risiko nilai tukar (lanjutan)                         (iv) Foreign exchange risk management (continued)

           b.   Saldo aset dan liabilitas moneter dalam mata                    b.   The balance of monetary assets and liabilities                 b.   Saldo aset dan liabilitas moneter dalam mata                    b.   The balance of monetary assets and liabilities
                                                                                                                                                         uang asing adalah sebagai berikut (lanjutan):                        in foreign currencies are as follows
                uang asing adalah sebagai berikut (lanjutan):                        in foreign currencies are as follows                                                                                                     (continued):
                                                                                     (continued):
                                                                                                                                                                                                             2024
                                                                    2024
                                                                                                                                                                                                 Ekuivalen              Mata uang
                                                       Ekuivalen               Mata uang                                                                                                          Rupiah                   asing
                                                        Rupiah                    asing                                                                                                       (dalam jutaan)/        (dalam ribuan)/
                                                    (dalam jutaan)/         (dalam ribuan)/                                                                                                       Rupiah                 Foreign
                                                                                                                                                                                                Equivalent              Currencies
                                                        Rupiah                  Foreign                                                                                                         (in million)          (in thousand)
                                                      Equivalent               Currencies
                                                      (in million)           (in thousand)                                                               Aset (lanjutan)                                                                                      Assets (continued)
                                                                                                                                                         Aset lain-lain                                                                                              Other assets
                Aset (lanjutan)                                                                                      Assets (continued)                    Dolar Amerika Serikat                      3.371.087                 209.450                    United States Dollar
                                                                                                                                                           Euro Eropa                                    95.210                   5.681                          European Euro
                Obligasi pemerintah                                                                                Government bonds                        Yuan China                                    28.771                  13.048                           Chinese Yuan
                  Dolar Amerika Serikat                     50.464.201                3.135.396                   United States Dollar                     Dolar Singapura                               10.644                     898                         Singapore Dollar
                  Euro Eropa                                 1.138.143                   67.916                        European Euro                       Pound Sterling Inggris                         8.829                     437             Great Britain Pound Sterling
                                                                                                                                                           Dolar Australia                                6.203                     619                         Australian Dollar
                                                                                                                                                           Yen Jepang                                       259                   2.514                           Japanese Yen
                                                            51.602.344                3.203.312                                                            Dolar Hong Kong                                   21                      10                       Hong Kong Dollar
                Tagihan lainnya - transaksi                                                                   Other receivables - trade                    Lain-lain                                         55                       3                                   Others
                  perdagangan                                                                                             transactions                                                                3.521.079                 232.660
                  Dolar Amerika Serikat                     11.446.140                 711.161                    United States Dollar
                  Yuan China                                   152.884                  69.335                           Chinese Yuan                    Total aset                                 482.525.960               91.396.086                              Total assets
                  Euro Eropa                                    85.543                   5.105                          European Euro
                  Pound Sterling Inggris                        40.038                   1.980             Great Britain Pound Sterling
                  Dolar Singapura                               30.726                   2.594                         Singapore Dollar                  Liabilitas                                                                                                     Liabilities
                  Yen Jepang                                    11.585                 112.443                           Japanese Yen                    Simpanan nasabah                                                                              Deposits from customers
                  Lain-lain                                     18.321                   1.138                                  Others                     Giro dan                                                                                     Demand deposits and
                                                                                                                                                             giro wadiah                                                                           wadiah demand deposits
                                                            11.785.237                 903.756                                                               Dolar Amerika Serikat                  177.865.251               11.050.963                United States Dollar
                                                                                                                                                             Euro Eropa                               4.164.814                  248.525                      European Euro
                Tagihan derivatif                                                                                Derivative receivables                      Yuan China                               2.199.676                  997.590                       Chinese Yuan
                  Dolar Amerika Serikat                      6.530.888                 405.771                    United States Dollar                       Yen Jepang                               1.479.829               14.363.088                       Japanese Yen
                  Euro Eropa                                    26.749                   1.596                          European Euro                        Dolar Singapura                            601.942                   50.820                     Singapore Dollar
                  Yuan China                                    23.694                  10.746                           Chinese Yuan                        Dolar Australia                            154.963                   15.475                     Australian Dollar
                  Yen Jepang                                    13.091                 127.060                           Japanese Yen                        Pound Sterling Inggris                      68.938                    3.410         Great Britain Pound Sterling
                  Pound Sterling Inggris                         2.515                     124             Great Britain Pound Sterling                      Dolar Hong Kong                              6.533                    3.151                   Hong Kong Dollar
                                                                                                                                                             Lain-lain                                   94.080                    5.845                               Others
                  Dolar Australia                                   42                       4                         Australian Dollar
                  Dolar Singapura                                    4                       -                         Singapore Dollar                                                             186.636.026               26.738.867
                  Lain-lain                                        133                       8                                   Others
                                                                                                                                                           Tabungan dan                                                                                    Saving deposits and
                                                             6.597.116                 545.309                                                               tabungan wadiah                                                                        wadiah saving deposits
                                                                                                                                                             Dolar Amerika Serikat                   39.539.856                2.456.656                United States Dollar
                Kredit yang diberikan dan                                                                                Loan and sharia                     Yen Jepang                               3.786.159               36.748.122                       Japanese Yen
                  piutang/pembiayaan syariah                                                                            loan/financing                       Dolar Singapura                            702.088                   59.275                     Singapore Dollar
                  Dolar Amerika Serikat                    271.899.002               16.893.383                   United States Dollar                       Euro Eropa                                 480.402                   28.667                      European Euro
                  Euro Eropa                                 5.309.651                  316.840                         European Euro                        Dolar Australia                            217.302                   21.701                     Australian Dollar
                  Yuan China                                 4.829.413                2.190.220                          Chinese Yuan                        Pound Sterling Inggris                     179.728                    8.889         Great Britain Pound Sterling
                  Dolar Singapura                            1.662.946                  140.397                        Singapore Dollar                      Yuan China                                  53.919                   24.453                       Chinese Yuan
                                                                                                                                                             Dolar Hong Kong                             12.955                    6.249                   Hong Kong Dollar
                  Dolar Australia                            1.130.626                  112.910                        Australian Dollar                     Lain-lain                                   31.945                    1.985                               Others
                  Pound Sterling Inggris                       516.849                   25.563            Great Britain Pound Sterling
                  Yen Jepang                                    32.067                  311.239                          Japanese Yen                                                                45.004.354               39.355.997
                                                           285.380.554               19.990.552                                                            Deposito berjangka                                                                                    Time deposits
                                                                                                                                                             Dolar Amerika Serikat                   37.559.481                2.333.612                United States Dollar
                Tagihan akseptasi                                                                              Acceptance receivables                        Dolar Singapura                            608.155                   51.345                     Singapore Dollar
                  Dolar Amerika Serikat                      3.080.537                 191.397                   United States Dollar                        Yuan China                                 776.103                  351.976                       Chinese Yuan
                  Yuan China                                   366.435                 166.184                         Chinese Yuan                          Yen Jepang                                  36.194                  351.296                       Japanese Yen
                  Euro Eropa                                   255.283                  15.233                        European Euro                          Dolar Hong Kong                             35.125                   16.943                   Hong Kong Dollar
                  Yen Jepang                                    54.769                 531.583                        Japanese Yen                           Euro Eropa                                  19.941                    1.190                      European Euro
                  Dolar Singapura                                2.869                     242                      Singapore Dollar                         Dolar Australia                             30.906                    3.086                     Australian Dollar
                  Lain-lain                                     40.036                   2.487                                Others                         Pound Sterling Inggris                       1.611                       80         Great Britain Pound Sterling

                                                             3.799.929                 907.126                                                                                                       39.067.516                3.109.528




PT BANK MANDIRI (PERSERO) TBK                              1670          391                                                                                                                              1671
                                                                                                                                                                                                             392                                         ANNUAL REPORT 2024
Page 558
          FINANCIAL STATEMENTS 2024


                                                 PT BANK MANDIRI (PERSERO) Tbk.                                                                                                           PT BANK MANDIRI (PERSERO) Tbk.
                                            DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                 DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED                   CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                          FINANCIAL STATEMENTS                 KONSOLIDASIAN                                                                                        FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                          31 DECEMBER 2024 AND 2023                31 DESEMBER 2024 DAN 2023                                                                        31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)         (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)


62. MANAJEMEN RISIKO (lanjutan)                                     62. RISK MANAGEMENT (continued)                                         62. MANAJEMEN RISIKO (lanjutan)                                   62. RISK MANAGEMENT (continued)

     B.    Risiko pasar dan risiko likuiditas (lanjutan)                   B.   Market risk and liquidity risk (continued)                      B.   Risiko pasar dan risiko likuiditas (lanjutan)                   B.   Market risk and liquidity risk (continued)

     (iv) Manajemen risiko nilai tukar (lanjutan)                          (iv) Foreign exchange risk management (continued)                    (iv) Manajemen risiko nilai tukar (lanjutan)                         (iv) Foreign exchange risk management (continued)
           b.   Saldo aset dan liabilitas moneter dalam mata                    b.   The balance of monetary assets and liabilities
                uang asing adalah sebagai berikut (lanjutan):                        in foreign currencies are as follows                            b.   Saldo aset dan liabilitas moneter dalam mata                    b.   The balance of monetary assets and liabilities
                                                                                     (continued):                                                         uang asing adalah sebagai berikut (lanjutan):                        in foreign currencies are as follows
                                                                                                                                                                                                                               (continued):
                                                                    2024
                                                                                                                                                                                                              2024
                                                       Ekuivalen               Mata uang
                                                        Rupiah                    asing                                                                                                           Ekuivalen              Mata uang
                                                    (dalam jutaan)/         (dalam ribuan)/
                                                                                                                                                                                                   Rupiah                   asing
                                                        Rupiah                  Foreign
                                                      Equivalent               Currencies                                                                                                      (dalam jutaan)/        (dalam ribuan)/
                                                      (in million)           (in thousand)                                                                                                         Rupiah                 Foreign
                                                                                                                                                                                                 Equivalent              Currencies
                Liabilitas (lanjutan)                                                                             Liabilities (continued)                                                        (in million)          (in thousand)
                Simpanan dari bank lain                                                                     Deposits from other banks
                  Giro,                                                                                            Demand deposits,                       Liabilitas (lanjutan)                                                                              Liabilities (continued)
                    giro wadiah, dan                                                                  wadiah demand deposits and
                    tabungan                                                                                       saving deposits                        Efek - efek yang diterbitkan                                                                     Debt securities issued
                    Dolar Amerika Serikat                    5.032.056                 312.647                 United States Dollar
                                                                                                                                                            Dolar Amerika Serikat                     17.676.520                1.098.262                   United States Dollar
                    Dolar Singapura                              1.608                     136                    Singapore Dollar
                    Yuan China                                     476                     216                       Chinese Yuan
                    Yen Jepang                                     419                   4.067                      Japanese Yen                          Beban yang masih harus dibayar                                                                        Accrued expenses
                    Euro Eropa                                     345                      21                      European Euro                           Dolar Amerika Serikat                      1.366.463                  84.900                    United States Dollar
                    Lain-lain                                       43                       3                              Others                          Dolar Singapura                               49.275                   4.160                         Singapore Dollar
                                                                                                                                                            Yuan China                                    42.149                  19.115                           Chinese Yuan
                                                             5.034.947                 317.090
                                                                                                                                                            Dolar Hong Kong                                6.897                   3.327                       Hong Kong Dollar
                  Interbank call money                                                                           Interbank call money                       Euro Eropa                                     1.247                      74                          European Euro
                     Dolar Amerika Serikat                   5.713.725                 355.000                  United States Dollar
                     Yuan China                              3.547.829               1.609.000                        Chinese Yuan                          Yen Jepang                                       138                   1.339                           Japanese Yen
                                                                                                                                                            Pound Sterling Inggris                            58                       3             Great Britain Pound Sterling
                                                             9.261.554               1.964.000                                                              Dolar Australia                                  140                      14                         Australian Dollar
                  Deposito berjangka                                                                                    Time deposits                       Lain-lain                                          9                       1                                   Others
                    Dolar Amerika Serikat                    3.255.487                 202.267                  United States Dollar
                                                                                                                                                                                                       1.466.376                 112.933
                Liabilitas atas efek-efek                                                                                Securities sold
                  yang dijual dengan                                                                              under agreements
                  janji dibeli kembali                                                                                 to repurchase                      Liabilitas lain-lain                                                                                      Other liabilities
                  Dolar Amerika Serikat                     32.671.051               2.029.888                    United States Dollar                      Dolar Amerika Serikat                       599.223                   37.231                    United States Dollar
                                                                                                                                                            Yuan China                                  391.407                  177.509                           Chinese Yuan
                Liabilitas derivatif                                                                               Derivative payables
                  Dolar Amerika Serikat                      6.414.612                 398.547                    United States Dollar                      Dolar Singapura                             153.625                   12.970                         Singapore Dollar
                  Yen Jepang                                    96.580                 937.397                         Japanese Yen                         Yen Jepang                                   42.659                  414.044                           Japanese Yen
                  Yuan China                                    17.476                   7.926                          Chinese Yuan                        Euro Eropa                                   26.618                    1.589                          European Euro
                  Euro Eropa                                       672                      40                         European Euro                        Dolar Australia                              19.647                    1.962                         Australian Dollar
                  Dolar Australia                                   30                       3                       Australian Dollar                      Dolar Hong Kong                               7.074                    3.411                       Hong Kong Dollar
                  Dolar Singapura                                   31                       3                       Singapore Dollar
                  Lain-lain                                         20                       1                                 Others                       Pound Sterling Inggris                        2.719                      134             Great Britain Pound Sterling
                                                                                                                                                            Lain-lain                                    53.146                    3.302                                   Others
                                                             6.529.421               1.343.917
                                                                                                                                                                                                       1.296.118                 652.152
                Liabilitas akseptasi                                                                              Acceptance payables
                  Dolar Amerika Serikat                      3.080.537                 191.397                    United States Dollar
                  Yuan China                                   366.435                 166.184                          Chinese Yuan                      Pinjaman yang diterima                                                                                 Fund borrowings
                  Euro Eropa                                   255.283                  15.233                         European Euro                      Dolar Amerika Serikat                       97.213.556                6.039.985                       United States Dollar
                  Yen Jepang                                    54.769                 531.583                         Japanese Yen
                  Dolar Singapura                                2.869                     242                       Singapore Dollar                     Pinjaman dan efek-efek                                                                          Subordinated loans and
                  Lain-lain                                     40.036                   2.487                                 Others
                                                                                                                                                            subordinasi                                                                                   marketable securities
                                                             3.799.929                 907.126                                                              Dolar Amerika Serikat                       104.015                    6.463                    United States Dollar

                                                                                                                                                          Total liabilitas                           449.016.870               83.878.475                           Total liabilities




PT BANK MANDIRI (PERSERO) TBK                              1672          393                                                                                                                               167394                                         ANNUAL REPORT 2024
Page 559
          FINANCIAL STATEMENTS 2024


                                                PT BANK MANDIRI (PERSERO) Tbk.                                                                                                           PT BANK MANDIRI (PERSERO) Tbk.
                                           DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                 DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED                  CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                          FINANCIAL STATEMENTS                KONSOLIDASIAN                                                                                        FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                          31 DECEMBER 2024 AND 2023               31 DESEMBER 2024 DAN 2023                                                                        31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)        (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)


62. MANAJEMEN RISIKO (lanjutan)                                     62. RISK MANAGEMENT (continued)                                        62. MANAJEMEN RISIKO (lanjutan)                                   62. RISK MANAGEMENT (continued)

     B.    Risiko pasar dan risiko likuiditas (lanjutan)                   B.   Market risk and liquidity risk (continued)                     B.   Risiko pasar dan risiko likuiditas (lanjutan)                   B.   Market risk and liquidity risk (continued)

                                                                                                                                               (iv) Manajemen risiko nilai tukar (lanjutan)                         (iv) Foreign exchange risk management (continued)
     (iv) Manajemen risiko nilai tukar (lanjutan)                          (iv) Foreign exchange risk management (continued)
                                                                                                                                                    b.   Saldo aset dan liabilitas moneter dalam mata                    b.   The balance of monetary assets and liabilities
           b.   Saldo aset dan liabilitas moneter dalam mata                    b.   The balance of monetary assets and liabilities                      uang asing adalah sebagai berikut (lanjutan):                        in foreign currencies are as follows
                uang asing adalah sebagai berikut:                                   in foreign currencies are as follows:                                                                                                    (continued):

                                                                    2023                                                                                                                                     2023

                                                       Ekuivalen               Mata uang                                                                                                         Ekuivalen              Mata uang
                                                        Rupiah                    asing                                                                                                           Rupiah                   asing
                                                    (dalam jutaan)/         (dalam ribuan)/                                                                                                   (dalam jutaan)/        (dalam ribuan)/
                                                        Rupiah                  Foreign                                                                                                           Rupiah                 Foreign
                                                      Equivalent               Currencies                                                                                                       Equivalent              Currencies
                                                      (in million)           (in thousand)                                                                                                      (in million)          (in thousand)

                Aset                                                                                                            Assets                   Aset (lanjutan)                                                                                      Assets (continued)

                                                                                                                                                         Obligasi pemerintah                                                                                Government bonds
                Kas                                                                                                                 Cash                   Dolar Amerika Serikat                     51.651.407                3.354.641                   United States Dollar
                  Dolar Amerika Serikat                      1.784.628                 115.908                    United States Dollar                     Euro Eropa                                 1.136.362                   66.694                        European Euro
                  Euro Eropa                                   411.511                  24.152                          European Euro
                  Dolar Australia                              308.730                  29.345                         Australian Dollar                                                             52.787.769                3.421.335
                  Dolar Singapura                              195.452                  16.739                         Singapore Dollar
                  Yen Jepang                                    63.301                 581.383                           Japanese Yen                    Tagihan lainnya - transaksi                                                                   Other receivables - trade
                  Pound Sterling Inggris                        62.835                   3.202             Great Britain Pound Sterling                    perdagangan                                                                                             transactions
                  Dolar Hong Kong                               12.068                   6.124                       Hong Kong Dollar                      Dolar Amerika Serikat                     11.926.761                 774.616                    United States Dollar
                                                                                                                                                           Euro Eropa                                    83.473                   4.899                          European Euro
                  Yuan China                                     4.286                   1.975                           Chinese Yuan
                                                                                                                                                           Yuan China                                    38.089                  17.552                           Chinese Yuan
                  Lain-lain                                    368.509                  23.934                                   Others                    Dolar Singapura                               14.264                   1.222                         Singapore Dollar
                                                                                                                                                           Yen Jepang                                    13.964                 128.251                           Japanese Yen
                                                             3.211.320                 802.762                                                             Pound Sterling Inggris                         1.218                      62             Great Britain Pound Sterling

                Giro pada                                                                                        Current accounts with                                                               12.077.769                 926.602
                  Bank Indonesia                                                                                     Bank Indonesia
                  Dolar Amerika Serikat                     12.780.622                 830.072                    United States Dollar                   Tagihan atas efek-efek yang dibeli                                                         Securities purchased under
                                                                                                                                                           dengan janji dijual kembali                                                                  agreements to resell
                Giro pada                                                                                        Current accounts with                     Dolar Amerika Serikat                       478.523                   31.079                   United States Dollar
                  bank lain                                                                                                other banks
                  Dolar Amerika Serikat                     21.647.171                1.405.934                   United States Dollar                   Tagihan derivatif                                                                                Derivative receivables
                                                                                                                                                           Dolar Amerika Serikat                      1.282.658                  83.306                    United States Dollar
                  Euro Eropa                                 4.785.409                  280.862                         European Euro                      Yen Jepang                                    52.395                 481.218                           Japanese Yen
                  Yuan China                                 3.861.548                1.779.466                          Chinese Yuan                      Euro Eropa                                    28.434                   1.669                          European Euro
                  Yen Jepang                                 2.484.498               22.818.681                          Japanese Yen                      Pound Sterling Inggris                         9.389                     478             Great Britain Pound Sterling
                  Dolar Singapura                              693.995                   59.436                        Singapore Dollar                    Yuan China                                     3.619                   1.668                           Chinese Yuan
                  Pound Sterling Inggris                       641.562                   32.688            Great Britain Pound Sterling                    Dolar Australia                                  435                      41                         Australian Dollar
                  Dolar Australia                              238.174                   22.638                        Australian Dollar
                  Dolar Hong Kong                               67.369                   34.185                      Hong Kong Dollar                                                                 1.376.930                 568.380
                  Lain-lain                                  1.327.611                   86.225                                  Others
                                                                                                                                                         Kredit yang diberikan dan                                                                               Loan and sharia
                                                                                                                                                           piutang/pembiayaan syariah                                                                           loan/financing
                                                            35.747.337               26.520.115
                                                                                                                                                           Dolar Amerika Serikat                    249.203.231               16.185.181                   United States Dollar
                                                                                                                                                           Euro Eropa                                 5.815.518                  341.320                        European Euro
                Penempatan pada                                                                                        Placement with                      Yuan China                                 2.823.484                1.301.109                         Chinese Yuan
                  Bank Indonesia dan bank lain                                                      Bank Indonesia and other banks                         Dolar Australia                              805.990                   76.609                      Australian Dollar
                  Dolar Amerika Serikat                     39.408.595                2.559.498                 United States Dollar                       Dolar Singapura                              442.690                   37.913                      Singapore Dollar
                  Yuan China                                   542.472                  249.980                       Chinese Yuan                         Yen Jepang                                     1.643                   15.090                         Japanese Yen
                  Euro Eropa                                    34.104                    2.002                      European Euro                         Lain-lain                                      3.976                      258                                Others
                  Dolar Singapura                               23.423                    2.006                     Singapore Dollar
                                                                                                                                                                                                    259.096.532               17.957.480
                                                            40.008.594                2.813.486
                                                                                                                                                         Tagihan akseptasi                                                                              Acceptance receivables
                                                                                                                                                           Dolar Amerika Serikat                      4.381.757                 284.585                   United States Dollar
                Efek-efek                                                                                         Marketable securities                    Euro Eropa                                   551.561                  32.372                        European Euro
                  Dolar Amerika Serikat                     20.013.249                1.299.816                   United States Dollar                     Yuan China                                   296.548                 136.654                         Chinese Yuan
                  Dolar Singapura                              278.097                   23.817                      Singapore Dollar                      Yen Jepang                                    47.404                 435.378                        Japanese Yen
                  Yuan China                                    22.272                   10.263                        Chinese Yuan                        Dolar Singapura                                3.241                     278                      Singapore Dollar
                  Yen Jepang                                       893                    8.202                        Japanese Yen                        Lain-lain                                    327.886                  21.295                                Others

                                                            20.314.511                1.342.098                                                                                                       5.608.397                 910.562




PT BANK MANDIRI (PERSERO) TBK                              1674          395                                                                                                                              1675
                                                                                                                                                                                                             396                                         ANNUAL REPORT 2024
Page 560
          FINANCIAL STATEMENTS 2024


                                                PT BANK MANDIRI (PERSERO) Tbk.                                                                                                             PT BANK MANDIRI (PERSERO) Tbk.
                                           DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                   DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED                   CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                          FINANCIAL STATEMENTS                 KONSOLIDASIAN                                                                                        FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                          31 DECEMBER 2024 AND 2023                31 DESEMBER 2024 DAN 2023                                                                        31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)         (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                     62. RISK MANAGEMENT (continued)                                         62. MANAJEMEN RISIKO (lanjutan)                                   62. RISK MANAGEMENT (continued)
     B.    Risiko pasar dan risiko likuiditas (lanjutan)                   B.   Market risk and liquidity risk (continued)                      B.   Risiko pasar dan risiko likuiditas (lanjutan)                   B.   Market risk and liquidity risk (continued)
     (iv) Manajemen risiko nilai tukar (lanjutan)                          (iv) Foreign exchange risk management (continued)
                                                                                                                                                (iv) Manajemen risiko nilai tukar (lanjutan)                         (iv) Foreign exchange risk management (continued)
           b.   Saldo aset dan liabilitas moneter dalam mata                    b.   The balance of monetary assets and liabilities
                uang asing adalah sebagai berikut (lanjutan):                        in foreign currencies are as follows                            b.   Saldo aset dan liabilitas moneter dalam mata                    b.   The balance of monetary assets and liabilities
                                                                                     (continued):                                                         uang asing adalah sebagai berikut (lanjutan):                        in foreign currencies are as follows
                                                                                                                                                                                                                               (continued):
                                                                    2023
                                                                                                                                                                                                              2023
                                                       Ekuivalen               Mata uang
                                                        Rupiah                    asing                                                                                                           Ekuivalen              Mata uang
                                                    (dalam jutaan)/         (dalam ribuan)/                                                                                                        Rupiah                   asing
                                                        Rupiah                  Foreign                                                                                                        (dalam jutaan)/        (dalam ribuan)/
                                                      Equivalent               Currencies                                                                                                          Rupiah                 Foreign
                                                      (in million)           (in thousand)                                                                                                       Equivalent              Currencies
                                                                                                                                                                                                 (in million)          (in thousand)
                Aset (lanjutan)                                                                                        Assets (continued)
                Aset lain-lain                                                                                              Other assets                  Liabilitas (lanjutan)                                                                             Liabilities (continued)
                  Dolar Amerika Serikat                      4.002.652                 259.964                    United States Dollar
                  Euro Eropa                                    79.052                   4.640                          European Euro
                                                                                                                                                          Simpanan dari bank lain                                                                     Deposits from other banks
                  Yuan China                                    16.039                   7.391                           Chinese Yuan
                  Dolar Australia                               11.376                   1.081                         Australian Dollar                    Giro,                                                                                            Demand deposits,
                  Dolar Singapura                                  507                      43                         Singapore Dollar                       giro wadiah dan                                                                   wadiah demand deposits and
                  Yen Jepang                                       159                   1.460                           Japanese Yen                         tabungan                                                                                       saving deposits
                  Pound Sterling Inggris                            23                       1             Great Britain Pound Sterling                       Dolar Amerika Serikat                    2.427.071                 157.633                 United States Dollar
                  Lain-lain                                         96                       6                                   Others                       Dolar Singapura                              1.192                     102                    Singapore Dollar
                                                                                                                                                              Euro Eropa                                     641                      38                      European Euro
                                                             4.109.904                 274.586                                                                Yuan China                                     495                     228                       Chinese Yuan
                                                                                                                                                              Yen Jepang                                     443                   4.069                      Japanese Yen
                Total aset                                 447.598.208               56.398.557                              Total asset                      Lain-lain                                       45                       3                              Others

                                                                                                                                                                                                       2.429.887                 162.073
                Liabilitas                                                                                                    Liabilities
                                                                                                                                                            Interbank call money                                                                           Interbank call money
                Simpanan nasabah                                                                              Deposits from customers                          Dolar Amerika Serikat                   4.927.040                 320.000                  United States Dollar
                  Giro dan                                                                                     Demand deposits and                             Yuan China                              2.039.856                 940.000                        Chinese Yuan
                    giro wadiah                                                                           wadiah demand deposits
                    Dolar Amerika Serikat                  177.046.247               11.498.750                United States Dollar
                    Euro Eropa                               3.580.250                  210.129                      European Euro                                                                     6.966.896               1.260.000
                    Yuan China                               3.251.028                1.498.128                       Chinese Yuan                          Deposito berjangka                                                                                    Time deposits
                    Yen Jepang                                 936.610                8.602.223                       Japanese Yen                            Dolar Amerika Serikat                    3.125.591                 203.000                  United States Dollar
                    Dolar Singapura                            406.399                   34.805                     Singapore Dollar
                    Dolar Australia                             62.103                    5.903                     Australian Dollar                     Liabilitas atas efek-efek                                                                                Securities sold
                    Pound Sterling Inggris                      42.362                    2.158         Great Britain Pound Sterling                        yang dijual dengan                                                                              under agreements
                    Dolar Hong Kong                              5.105                    2.590                   Hong Kong Dollar                          janji dibeli kembali                                                                                 to repurchase
                    Lain-lain                                  285.494                   18.542                               Others                        Dolar Amerika Serikat                    36.330.064                2.359.555                    United States Dollar
                                                           185.615.598               21.873.228
                                                                                                                                                          Liabilitas derivatif                                                                                 Derivative payables
                  Tabungan dan                                                                                    Saving deposits and                       Dolar Amerika Serikat                      1.322.233                  85.876                    United States Dollar
                    tabungan wadiah                                                                        wadiah saving deposits                           Euro Eropa                                    27.742                   1.628                          European Euro
                    Dolar Amerika Serikat                   35.560.169                2.309.552                United States Dollar                         Dolar Singapura                                5.252                     450                         Singapore Dollar
                    Yen Jepang                               2.564.440               23.552.902                       Japanese Yen                          Pound Sterling Inggris                         4.195                     214             Great Britain Pound Sterling
                    Dolar Singapura                            609.628                   52.211                     Singapore Dollar                        Yuan China                                     3.655                   1.684                           Chinese Yuan
                    Euro Eropa                                 501.079                   29.409                      European Euro                          Dolar Australia                                2.088                     198                         Australian Dollar
                    Dolar Australia                            166.223                   15.800                     Australian Dollar                       Yen Jepang                                     1.286                  11.811                           Japanese Yen
                    Yuan China                                 104.176                   48.006                       Chinese Yuan                          Lain-lain                                      7.054                     458                                   Others
                    Pound Sterling Inggris                     103.513                    5.274         Great Britain Pound Sterling
                    Dolar Hong Kong                             10.570                    5.363                   Hong Kong Dollar
                    Lain-lain                                   31.805                    2.066                               Others                                                                   1.373.505                 102.319

                                                            39.651.603               26.020.583                                                           Liabilitas akseptasi                                                                              Acceptance payables
                                                                                                                                                            Dolar Amerika Serikat                      4.381.757                 284.585                    United States Dollar
                  Deposito berjangka                                                                                    Time deposits                       Euro Eropa                                   551.561                  32.372                         European Euro
                    Dolar Amerika Serikat                   29.776.332                1.933.905                United States Dollar                         Yuan China                                   296.548                 136.654                          Chinese Yuan
                    Dolar Singapura                            623.214                   53.374                     Singapore Dollar                        Yen Jepang                                    47.404                 435.378                         Japanese Yen
                    Yuan China                                 470.257                  216.702                       Chinese Yuan                          Dolar Singapura                                3.241                     278                       Singapore Dollar
                    Yen Jepang                                 109.047                1.001.534                       Japanese Yen                          Lain-lain                                    327.886                  21.295                                 Others
                    Dolar Hong Kong                             35.665                   18.097                   Hong Kong Dollar
                    Dolar Australia                             22.086                    2.099                     Australian Dollar                                                                  5.608.397                 910.562
                    Euro Eropa                                  20.323                    1.193                      European Euro
                    Pound Sterling Inggris                       1.394                       71         Great Britain Pound Sterling

                                                            31.058.318                3.226.975




PT BANK MANDIRI (PERSERO) TBK                              1676          397                                                                                                                               1677
                                                                                                                                                                                                              398                                         ANNUAL REPORT 2024
Page 561
          FINANCIAL STATEMENTS 2024


                                                PT BANK MANDIRI (PERSERO) Tbk.                                                                                                          PT BANK MANDIRI (PERSERO) Tbk.
                                           DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED                     CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                          FINANCIAL STATEMENTS                   KONSOLIDASIAN                                                                                        FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                          31 DECEMBER 2024 AND 2023                  31 DESEMBER 2024 DAN 2023                                                                        31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)           (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)


62. MANAJEMEN RISIKO (lanjutan)                                     62. RISK MANAGEMENT (continued)                                           62. MANAJEMEN RISIKO (lanjutan)                                    62. RISK MANAGEMENT (continued)

     B.    Risiko pasar dan risiko likuiditas (lanjutan)                   B.   Market risk and liquidity risk (continued)                        B.   Risiko pasar dan risiko likuiditas (lanjutan)                   B.   Market risk and liquidity risk (continued)

     (iv) Manajemen risiko nilai tukar (lanjutan)                          (iv) Foreign exchange risk management (continued)                      (iv) Manajemen risiko nilai tukar (lanjutan)                         (iv) Foreign exchange risk management (continued)

           b.   Saldo aset dan liabilitas moneter dalam mata                    b.   The balance of monetary assets and liabilities                    c.   Sensitivitas terhadap laba bersih                               c.   Sensitivity to net income
                uang asing adalah sebagai berikut (lanjutan):                        in foreign currencies are as follows
                                                                                     (continued):                                                           Tabel di bawah ini mengikhtisarkan                                   The table below shows the sensitivity of Bank
                                                                                                                                                            sensitivitas laba bersih Bank Mandiri saja                           Mandiri’s net income to movement of foreign
                                                                    2023                                                                                    pada tanggal 31 Desember 2024 dan 2023                               exchange rates as of 31 December 2024 and
                                                                                                                                                            atas perubahan nilai tukar mata uang asing                           2023:
                                                       Ekuivalen               Mata uang                                                                    yaitu:
                                                        Rupiah                    asing
                                                    (dalam jutaan)/         (dalam ribuan)/                                                                                                       Peningkatan             Penurunan
                                                        Rupiah                  Foreign                                                                                                                5%/                   5%/
                                                      Equivalent               Currencies                                                                                                         Increased by           Decreased by
                                                      (in million)           (in thousand)                                                                                                             5%                     5%

                Liabilitas (lanjutan)                                                                              Liabilities (continued)                  31 Desember 2024                                                                                   31 December 2024
                                                                                                                                                            Menambah/(mengurangi)                                                                             Increase/(decrease)
                Efek - efek yang diterbitkan                                                                     Debt securities issued
                  Dolar Amerika Serikat                     28.421.722                1.845.926                   United States Dollar
                                                                                                                                                              laba bersih                                (84.975)                  84.975                            net income

                Beban yang masih harus dibayar                                                                        Accrued expenses                                                            Peningkatan             Penurunan
                  Dolar Amerika Serikat                       981.490                   63.746                    United States Dollar                                                                 5%/                   5%/
                  Yuan China                                   32.538                   14.994                           Chinese Yuan                                                             Increased by           Decreased by
                  Dolar Singapura                              25.641                    2.196                         Singapore Dollar                                                                5%                     5%
                  Dolar Hong Kong                               7.400                    3.755                       Hong Kong Dollar
                  Euro Eropa                                    1.268                       74                          European Euro
                  Pound Sterling Inggris                          360                       18             Great Britain Pound Sterling                     31 Desember 2023                                                                                   31 December 2023
                  Yen Jepang                                      146                    1.341                           Japanese Yen                       Menambah/(mengurangi)                                                                             Increase/(decrease)
                  Dolar Australia                                 140                       13                         Australian Dollar                      laba bersih                                    2.796                  (2.796)                          net income
                  Lain-lain                                        10                        1                                   Others
                                                                                                                                                            Proyeksi di atas hanya mengasumsikan                                 The projection above assumes only changes in
                                                             1.048.993                  86.138                                                              perubahan nilai tukar mata uang asing Dolar                          foreign currency exchange rate of US Dollar
                                                                                                                                                            Amerika Serikat sedangkan nilai tukar mata                           while other foreign exchange rates remain
                Liabilitas lain-lain                                                                                      Other liabilities
                                                                                                                                                            uang asing lainnya tidak berubah. Dolar                              unchanged. US Dollars is the major foreign
                  Dolar Amerika Serikat                      1.764.092                 114.574                    United States Dollar
                                                                                                                                                            Amerika Serikat merupakan komponen                                   exchange rate held by the Bank. The projection
                  Yuan China                                   933.179                 430.025                           Chinese Yuan
                  Euro Eropa                                   241.369                  14.166                          European Euro                       terbesar mata uang asing yang dimiliki Bank.                         also assumes that all other variables are held
                  Dolar Singapura                              204.655                  17.528                         Singapore Dollar                     Proyeksi dalam hal ini juga mengasumsikan                            constant at reporting date.
                  Dolar Australia                               69.560                   6.612                         Australian Dollar                    bahwa seluruh variabel lainnya adalah
                  Yen Jepang                                    22.725                 208.716                           Japanese Yen                       konstan pada tanggal pelaporan keuangan.
                  Pound Sterling Inggris                        19.810                   1.009             Great Britain Pound Sterling
                  Dolar Hong Kong                               12.117                   6.148                       Hong Kong Dollar
                                                                                                                                                  (v) Nilai wajar aset dan liabilitas keuangan                         (v) Fair value of financial assets and liabilities
                  Lain-lain                                     87.865                   5.707                                   Others

                                                             3.355.372                 804.485                                                         Penilaian/valuasi juga merupakan komponen                            Valuation is also an important component to
                                                                                                                                                       penting yang dibutuhkan untuk mengelola hampir                       manage most risks in banking industry including
                Pinjaman yang diterima                                                                                 Fund borrowings                 semua risiko perbankan termasuk risiko pasar,                        market risk, credit risk and liquidity risk. Valuation
                  Dolar Amerika Serikat                     56.499.149                3.669.491                    United States Dollar
                                                                                                                                                       risiko kredit dan risiko likuiditas. Proses valuasi                  process is performed for all trading book position
                                                                                                                                                       dilakukan atas seluruh posisi trading book                           including marketable securities owned by the
                Pinjaman dan efek-efek                                                                          Subordinated loans and
                  subordinasi                                                                                   marketable securities                  termasuk efek-efek yang dimiliki Grup dalam                          Group’s portfolio measured at fair value through
                  Dolar Amerika Serikat                       115.735                    7.517                    United States Dollar                 portofolio diukur pada nilai wajar melalui                           other comprehensive income.
                                                                                                                                                       penghasilan komprehensif lain.
                Total liabilitas                           401.600.830               62.531.852                           Total liabilities




PT BANK MANDIRI (PERSERO) TBK                              1678          399                                                                                                                                 1679
                                                                                                                                                                                                                400                                          ANNUAL REPORT 2024
Page 562
          FINANCIAL STATEMENTS 2024


                                                        PT BANK MANDIRI (PERSERO) Tbk.
                                                                                                                                                                                                                     PT BANK MANDIRI (PERSERO) Tbk.
                                                   DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
                                                                                                                                                                                                                DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                NOTES TO THE CONSOLIDATED
                                                                                                                                                                           CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                       FINANCIAL STATEMENTS
                                                                                                                                                                           KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                       31 DECEMBER 2024 AND 2023
                                                                                                                                                                           31 DESEMBER 2024 DAN 2023                                                                   31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                              (Expressed in millions of Rupiah, unless otherwise stated)
                                                                                                                                                                           (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                                      62. RISK MANAGEMENT (continued)                                                       62. MANAJEMEN RISIKO (lanjutan)                                 62. RISK MANAGEMENT (continued)
     B.    Risiko pasar dan risiko likuiditas (lanjutan)                                 B.        Market risk and liquidity risk (continued)
                                                                                                                                                                               B.   Risiko pasar dan risiko likuiditas (lanjutan)              B.   Market risk and liquidity risk (continued)
     (v) Nilai wajar aset dan liabilitas keuangan (lanjutan)                             (v) Fair value of financial assets and liabilities
                                                                                             (continued)                                                                       (v) Nilai wajar aset dan liabilitas keuangan (lanjutan)         (v) Fair value of financial assets and liabilities
                                                                                                                                                                                                                                                   (continued)
           Tabel di bawah ini menganalisis instrumen                                            The table below shows analysis of financial
           keuangan yang dicatat pada nilai wajar                                               instruments carried at fair value based on method
           berdasarkan      tingkatan     metode   penilaian.                                   of valuation levels. The difference at each level of                                Pada tanggal 31 Desember 2024 dan 2023,                         As of 31 December 2024 and 2023, assets and
           Perbedaan pada setiap tingkatan metode                                               assessment methods is described as follows:                                         untuk aset dan liabilitas yang dimiliki pada akhir              liabilities held at the end of the reporting year are
           penilaian dijelaskan sebagai berikut:                                                 • Quoted prices (not adjusted) from active                                         tahun laporan diukur pada nilai wajar secara                    measured at fair value on a recurring basis. The
           •   Harga kuotasian (tidak disesuaikan) dari                                              market for asset or liability which are the
                pasar yang aktif untuk aset atau liabilitas                                          same/identical (Level 1);                                                      berulang, Bank dan Entitas Anak tidak memiliki                  Bank and its Subsidiaries have no transfers
                yang identik (Tingkat 1);                                                                                                                                           transfer antara Tingkat 1 dan Tingkat 2 dari                    between Level 1 and Level 2 of the hierarchy. In
           •   Input selain harga yang kuotasian dari pasar                                        •       Inputs other than quoted market prices                                   hierarki. Selain itu pada posisi tanggal yang                   addition at the same date, there is no Marketable
                yang disertakan pada Tingkat 1 yang dapat                                                  included in Level 1 that are observable for the                          sama, tidak terdapat Surat Berharga yang masuk                  Securities included in Level 3.
                diobservasi untuk aset dan liabilitas, baik                                                asset and liability, either directly (as a price) or                     ke dalam Tingkat 3.
                secara langsung (yaitu sebagai sebuah                                                      indirectly (derived from prices) (Level 2);
                harga) atau secara tidak langsung (yaitu
                sebagai turunan dari harga) (Tingkat 2);                                                                                                                            Nilai     wajar    instrumen    keuangan      yang              The fair value of financial instruments traded in
           •   Input untuk aset atau liabilitas yang tidak                                         •       Inputs for the asset or liability that are not                           diperdagangkan dalam pasar aktif (misalnya efek                 active markets (such as marketable securities which
                didasarkan pada data pasar yang dapat                                                      based     on    observable      market    data                           yang diukur pada nilai wajar melalui laba rugi dan              are measured at fair value through profit or loss and
                diobservasi (informasi yang tidak dapat                                                    (unobservable information) (Level 3).                                    nilai wajar melalui penghasilan komprehensif lain)              fair value through other comprehensive income)
                diobservasi) (Tingkat 3).
                                                                                                                                                                                    ditentukan berdasarkan harga pasar kuotasian                    was determined based on quoted market prices at
           Tabel berikut menyajikan aset dan liabilitas Grup                                    The table below shows the Group’s assets and                                        pada tanggal pelaporan. Suatu pasar dianggap                    the reporting date. A market is considered active if
           yang diukur sebesar nilai wajar pada                                                 liabilities that are measured at fair value as of                                   aktif apabila informasi mengenai kuotasian dapat                the information regarding price quotations can be
           31 Desember 2024 dan 2023:                                                           31 December 2024 and 2023:                                                          dengan mudah dan secara berkala tersedia dari                   easily obtained and regularly available from an
                                                                                                                                                                                    suatu bursa, pedagang efek, atau broker,                        exchange, securities dealer or broker, the market
                                                                                         2024
                                                                                                                                                                                    kelompok penilai harga pasar industri tertentu,                 price of a particular industry assessors, regulators
                                                                                          Nilai wajar/Fair value                                                                    regulator       dan      harga-harga      tersebut              and those price reflects actual and regular market
                                                 Nilai tercatat /   Tingkat 1/        Tingkat 2/              Tingkat 3/                                                            mencerminkan transaksi pasar yang aktual dan                    transactions at a fair value. Quoted market price for
                                                 Carrying value      Level 1           Level 2                 Level 3           Total
                                                                                                                                                                                    reguler pada tingkat yang wajar. Harga pasar                    financial assets owned by the Group are using
           Aset yang diukur sebesar                                                                                                                Assets measured at               kuotasian untuk aset keuangan yang dimiliki Grup                current offering price. These instruments are
             nilai wajar                                                                                                                                      fair value
             Efek-efek                                                                                                                            Marketable securities             adalah harga penawaran sekarang. Instrumen-                     included in level 1. The instruments included in level
               Diukur pada nilai wajar melalui
                 laba rugi                            18.188.560       17.386.563           801.997                        -     18.188.560
                                                                                                                                                   Fair value through
                                                                                                                                                       profit or loss
                                                                                                                                                                                    instrumen tersebut termasuk dalam tingkat 1.                    1 generally include investments in shares in IDX and
               Diukur pada nilai wajar melalui                                                                                               Fair value through other               Instrumen yang termasuk dalam tingkat 1                         debt securities classified as held for trading and fair
                 penghasilan komprehensif lain        20.796.893        2.663.221        18.133.672                        -     20.796.893 comprehensive income
             Obligasi pemerintah                                                                                                                    Government bonds                umumnya meliputi investasi ekuitas dan surat                    value through other comprehensive income.
               Diukur pada nilai wajar melalui                                                                                                     Fair value through
                 laba rugi                             6.962.445        6.844.756           117.689                        -      6.962.445            profit or loss               hutang terdaftar di Bursa Efek Indonesia yang
               Diukur pada nilai wajar melalui                                                                                               Fair value through other
                 penghasilan komprehensif lain        46.345.877       46.345.877                      -                   -     46.345.877 comprehensive income                    diklasifikasikan sebagai surat berharga yang
             Kredit yang diberikan dan
               piutang/pembiayaan syariah
                                                                                                                                                      Loans and sharia
                                                                                                                                                receivables/financing
                                                                                                                                                                                    diukur pada nilai wajar melalui laba rugi dan nilai
               Diukur pada nilai wajar melalui                                                                                               Fair value through other               wajar melalui penghasilan komprehensif lain.
                 penghasilan komprehensif lain         5.462.851                -                 -               5.462.851       5.462.851 comprehensive income
             Tagihan derivatif                         7.761.508                -         7.761.508                       -       7.761.508      Derivative receivables
             Penyertaan saham                          1.966.608          678.712         1.267.899                  19.997       1.966.608      Investments in shares
           Liabilitas yang diukur sebesar                                                                                                      Liabilities measured at              Nilai wajar instrumen keuangan yang tidak                       The fair value of financial instruments that are not
             nilai wajar                                                                                                                                      fair value
             Liabilitas derivatif                      7.336.998                 -        7.336.998                        -      7.336.998        Derivative payables              diperdagangkan pada pasar aktif (meliputi                       traded in an active market (include over-the-counter
                                                                                                                                                                                    derivatif over the counter dan obligasi pemerintah              derivatives and inactive government bonds) are
                                                                                         2023
                                                                                                                                                                                    yang tidak aktif) ditentukan dengan teknik                      determined by internal valuation techniques.
                                                                                          Nilai wajar/Fair value                                                                    penilaian internal.
                                                 Nilai tercatat /   Tingkat 1/        Tingkat 2/              Tingkat 3/
                                                 Carrying value      Level 1           Level 2                 Level 3           Total
                                                                                                                                                                                    Teknik-teknik          penilaian        tersebut                The valuation techniques maximise the use of
           Aset yang diukur sebesar                                                                                                                Assets measured at
                                                                                                                                                                                    memaksimumkan penggunaan data pasar yang                        observable market data when available and as far
            nilai wajar                                                                                                                                       fair value            dapat diobservasi dan sedapat mungkin                           as possible to minimise the use of specific estimates
            Efek-efek                                                                                                                             Marketable securities
             Diukur pada nilai wajar melalui                                                                                                       Fair value through               meminimalisir penggunaan estimasi yang bersifat                 of the entity. If all the inputs needed to determine the
                laba rugi                             38.636.604       34.402.874         4.233.730                        -     38.636.604            profit or loss
             Diukur pada nilai wajar melalui                                                                                                 Fair value through other               spesifik dari entitas. Seluruh input yang                       fair value of financial instruments are observable
                penghasilan komprehensif lain         48.823.800        6.150.423        42.673.377                        -     48.823.800 comprehensive income
            Obligasi pemerintah                                                                                                                     Government bonds                dibutuhkan untuk menentukan nilai wajar                         from market, therefore the instrument is included in
             Diukur pada nilai wajar melalui
                laba rugi                             20.805.479       18.727.231         2.078.248                        -     20.805.479
                                                                                                                                                   Fair value through
                                                                                                                                                       profit or loss
                                                                                                                                                                                    instrumen keuangan dapat diobservasi dari                       level 2. Instead, if one or more data is not based on
             Diukur pada nilai wajar melalui                                                                                                 Fair value through other               pasar, oleh karena itu instrumen tersebut                       observable market data, these instrument are
                penghasilan komprehensif lain         90.640.924       83.264.895         7.376.029                        -     90.640.924 comprehensive income
            Kredit yang diberikan dan                                                                                                                 Loans and sharia              termasuk dalam tingkat 2. Sebaliknya, jika salah                included in level 3.
             piutang/pembiayaan syariah                                                                                                         receivables/financing
             Diukur pada nilai wajar melalui                                                                                                 Fair value through other               satu atau lebih data tidak didasarkan pada data
                penghasilan komprehensif lain          2.503.048                -                 -               2.503.048       2.503.048 comprehensive income
            Tagihan derivatif                          1.994.931                -         1.994.931                       -       1.994.931      Derivative receivables             pasar yang dapat diobservasi, instrumen ini
            Penyertaan saham                           1.813.882           16.036           797.068               1.000.778       1.813.882      Investments in shares              termasuk dalam tingkat 3.
           Liabilitas yang diukur sebesar                                                                                                       Liabilities measured at
             nilai wajar                                                                                                                                     fair value
             Liabilitas derivatif                      2.113.853                 -        2.113.853                        -       2.113.853       Derivative payables




PT BANK MANDIRI (PERSERO) TBK                                           1680          401                                                                                                                                                 1681
                                                                                                                                                                                                                                             402
                                                                                                                                                                                                                                                                                     ANNUAL REPORT 2024
Page 563
          FINANCIAL STATEMENTS 2024



                                                      PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                    PT BANK MANDIRI (PERSERO) Tbk.
                                                 DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                          DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                 NOTES TO THE CONSOLIDATED                                       CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                        FINANCIAL STATEMENTS                                     KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                        31 DECEMBER 2024 AND 2023                                    31 DESEMBER 2024 DAN 2023                                                                    31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                               (Expressed in millions of Rupiah, unless otherwise stated)                             (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)


62. MANAJEMEN RISIKO (lanjutan)                                                       62. RISK MANAGEMENT (continued)                                                         62. MANAJEMEN RISIKO (lanjutan)                                  62. RISK MANAGEMENT (continued)

     B.    Risiko pasar dan risiko likuiditas (lanjutan)                                  B.        Market risk and liquidity risk (continued)                                    B.   Risiko pasar dan risiko likuiditas (lanjutan)               B.   Market risk and liquidity risk (continued)

     (v) Nilai wajar aset dan liabilitas keuangan (lanjutan)                              (v) Fair value of financial assets and liabilities                                      (v) Nilai wajar aset dan liabilitas keuangan (lanjutan)          (v) Fair value of financial assets and liabilities
                                                                                              (continued)                                                                                                                                              (continued)

           Pada tanggal 31 Desember 2024 dan 2023 nilai                                          As of 31 December 2024 and 2023, the carrying                                         (i)   Giro pada Bank Indonesia, giro pada bank                   (i)   Current accounts with Bank Indonesia, current
           tercatat dari aset dan liabilitas keuangan Bank                                       value of the Bank’s financial assets and liabilities                                        lain, penempatan pada Bank Indonesia dan                         accounts with other banks, placement with
           Mandiri memiliki nilai yang hampir sama dengan                                        approximates their fair value except for the                                                bank lain, tagihan lainnya - transaksi                           Bank Indonesia and other banks, other
           nilai wajarnya kecuali untuk instrumen berikut:                                       following financial instruments:                                                            perdagangan, tagihan atas efek-efek yang                         receivables - trading transactions, securities
                                                                                                                                                                                             dibeli dengan janji dijual kembali, tagihan                      purchased under agreements to resell,
                                                                                          2024                                                                                               akseptasi dan aset lain-lain                                     acceptance receivables and other assets
                                                                                           Nilai wajar/Fair value
                                                                                                                                                                                             Penempatan pada Bank Indonesia dan bank                          Placements with Bank Indonesia and other
                                               Nilai tercatat /     Tingkat 1/         Tingkat 2/            Tingkat 3/                                                                      lain merupakan penanaman dana dalam                              banks represent placements in the form of
                                               Carrying value        Level 1            Level 2               Level 3              Total
                                                                                                                                                                                             bentuk deposit facility, FASBI syariah, call                     deposit facility, sharia FASBI, call money,
           Aset yang disajikan sebesar                                                                                                                Assets disclosed at
                                                                                                                                                                                             money, penempatan “fixed term”, deposito                         fixed-term placements, time deposits and
            nilai wajar                                                                                                                                         fair value                   berjangka dan lain-lain.                                         others.
            Efek-efek*)                                                                                                                             Marketable securities*)
              Diukur pada biaya perolehan
                diamortisasi                         8.938.993           7.114.298         1.832.588                      -           8.946.886        At amortised cost                     Nilai tercatat dari giro pada Bank Indonesia                     The carrying amount of current accounts with
              Diukur pada biaya perolehan            3.231.978                   -         3.231.978                      -           3.231.978                  At cost
            Obligasi pemerintah*)                                                                                                                     Government bonds*)
                                                                                                                                                                                             dan bank lain, penempatan overnight                              Bank Indonesia and other banks, placements
              Diukur pada biaya perolehan                                                                                                                                                    dengan suku bunga mengambang adalah                              and overnight deposits, which uses floating
                diamortisasi                       153.035.870                    -      153.220.759                      -        153.220.759         At amortised cost
              Diukur pada biaya perolehan           22.560.953                    -       22.560.953                      -         22.560.953                    At cost
                                                                                                                                                                                             perkiraan yang layak atas nilai wajar.                           rate, is a reasonable approximation of fair
            Kredit yang diberikan dan                                                                                                                    Loans and sharia                                                                                     value.
              piutang/pembiayaan syariah         1.568.399.116                    -      425.920.051         1.140.427.108        1.566.347.159    receivables/financing
            Piutang pembiayaan                                                                                                                        Consumer financing
              konsumen                              40.638.953                    -       38.855.572                      -         38.855.572               receivables                     Estimasi nilai wajar terhadap penempatan                         The estimated fair value of fixed interest
            Investasi bersih dalam                                                                                                                          Net investment
              sewa pembiayaan                        5.653.739                    -        5.376.317                      -           5.376.317           finance leases
                                                                                                                                                                                             dengan suku bunga tetap, tagihan lainnya -                       bearing placements, other receiveables -
                                                                                                                                                                                             transaksi perdagangan, tagihan atas efek-                        trading transactions, securities purchased
           Liabilitas yang disajikan sebesar                                                                                                       Liabilities disclosed at
            nilai wajar                                                                                                                                          fair value
                                                                                                                                                                                             efek yang dibeli dengan janji dijual kembali,                    under agreements to resell, acceptance
            Efek-efek yang diterbitkan             41.141.067                     -       41.820.420                      -         41.820.420     Debt securities issued                    tagihan akseptasi dan aset lain-lain                             receivables and other assets is based on
            Pinjaman yang diterima                147.915.981                     -      146.931.089                      -        146.931.089           Fund borrowings
            Pinjaman dan efek-efek                                                                                                                Subordinated loans and
                                                                                                                                                                                             ditetapkan berdasarkan diskonto arus kas                         discounted cash flows using prevailing money
              subordinasi                              403.562                    -          403.562                      -            403.562    marketable securities                      dengan menggunakan suku bunga pasar                              market interest rates for debts with similar
                                                                                                                                                                                             uang yang berlaku untuk utang dengan risiko                      credit risk and remaining maturity. Since the
                                                                                          2023                                                                                               kredit dan sisa jatuh tempo yang serupa.                         remaining maturity is below one year, the
                                                                                           Nilai wajar/Fair value                                                                            Dikarenakan sisa jatuh tempo di bawah satu                       carrying amount of fixed interest bearing
                                                                                                                                                                                             tahun, nilai tercatat dari penempatan dengan                     placements, other receiveables - trading
                                               Nilai tercatat /     Tingkat 1/         Tingkat 2/            Tingkat 3/
                                               Carrying value        Level 1            Level 2               Level 3              Total                                                     suku bunga tetap, tagihan lainnya - transaksi                    transactions, securities purchased under
                                                                                                                                                                                             perdagangan, tagihan atas efek-efek yang                         agreements to resell, acceptance receivables
           Aset yang disajikan sebesar                                                                                                                Assets disclosed at                    dibeli dengan janji dijual kembali, tagihan                      and     other   assets    is a     reasonable
            nilai wajar                                                                                                                                         fair value
            Efek-efek*)                                                                                                                             Marketable securities*)
                                                                                                                                                                                             akseptasi dan aset lain-lain adalah perkiraan                    approximation of fair value.
              Diukur pada biaya perolehan                                                                                                                                                    yang layak atas nilai wajar.
                diamortisasi                         5.891.305           4.199.720         1.713.094                      -           5.912.814        At amortised cost
              Diukur pada biaya perolehan            1.186.152                   -         1.186.152                      -           1.186.152                  At cost
            Obligasi pemerintah*)                                                                                                                     Government bonds*)               (ii) Efek-efek dan obligasi pemerintah (diukur                   (ii) Marketable securities and government bonds
              Diukur pada biaya perolehan
                diamortisasi                       163.194.756         163.360.833                 -                      -        163.360.833         At amortised cost
                                                                                                                                                                                            pada biaya perolehan dan biaya perolehan                         (measured at cost and amortised cost)
              Diukur pada biaya perolehan           34.541.812                   -        34.541.812                      -         34.541.812                    At cost                   diamortisasi)
            Kredit yang diberikan dan                                                                                                                    Loans and sharia
              piutang/pembiayaan syariah         1.304.230.527                    -      382.503.647           920.117.961        1.302.621.608    receivables/financing
            Piutang pembiayaan                                                                                                                        Consumer financing                     Nilai wajar untuk efek-efek dan obligasi                         The fair value for marketable securities and
              konsumen                              32.036.752                    -       30.511.471                      -         30.511.471               receivables
            Investasi bersih dalam                                                                                                                          Net investment
                                                                                                                                                                                             pemerintah yang diukur pada biaya                                goverment bonds measured at cost and
              sewa pembiayaan                        5.419.072                    -        5.010.212                      -           5.010.212           finance leases                     perolehan dan biaya perolehan diamortisasi                       amortised cost is determined based on market
           Liabilitas yang disajikan sebesar                                                                                                       Liabilities disclosed at
                                                                                                                                                                                             ditetapkan berdasarkan harga pasar atau                          prices or intermediary (broker)/dealer quotes.
            nilai wajar                                                                                                                                          fair value                  harga kuotasi perantara (broker)/pedagang                        If this information is not available, the fair
            Efek-efek yang diterbitkan              50.317.764                    -       50.226.241                      -         50.226.241     Debt securities issued
            Pinjaman yang diterima                  95.445.459                    -       95.039.435                      -         95.039.435           Fund borrowings
                                                                                                                                                                                             efek (dealer). Jika informasi ini tidak                          value is estimated using market prices of
            Pinjaman dan efek-efek                                                                                                                Subordinated loans and                     tersedia, nilai wajar diestimasi dengan                          similar credit, maturity and yield securities or
              subordinasi                              415.171                    -          415.171                      -            415.171    marketable securities
                                                                                                                                                                                             menggunakan harga pasar kuotasi efek yang                        evaluated using internal valuation methods.
           *)   Efek-efek dan obligasi pemerintah yang dimiliki Entitas Anak sesuai                 *)   Marketable securities and government bonds owned by Subsidiary in
                                                                                                                                                                                             memiliki karakteristik kredit, jatuh tempo dan
                dengan PSAK 410 “Akuntansi Sukuk”.                                                       accordance with SFAS No. 410 “Accounting for Sukuk”.                                yield yang serupa atau dinilai dengan
                                                                                                                                                                                             menggunakan metode valuasi internal.


PT BANK MANDIRI (PERSERO) TBK                                            1682          403
                                                                                                                                                                                                                                              1683
                                                                                                                                                                                                                                                 404                                    ANNUAL REPORT 2024
Page 564
          FINANCIAL STATEMENTS 2024


                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                                        PT BANK MANDIRI (PERSERO) Tbk.
                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                              DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED             CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS           KONSOLIDASIAN                                                                                           FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023          31 DESEMBER 2024 DAN 2023                                                                           31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)   (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                  (Expressed in millions of Rupiah, unless otherwise stated)


62. MANAJEMEN RISIKO (lanjutan)                                     62. RISK MANAGEMENT (continued)                               62. MANAJEMEN RISIKO (lanjutan)                                      62. RISK MANAGEMENT (continued)

     B.    Risiko pasar dan risiko likuiditas (lanjutan)               B.   Market risk and liquidity risk (continued)                B.   Risiko pasar dan risiko likuiditas (lanjutan)                       B.     Market risk and liquidity risk (continued)

     (v) Nilai wajar aset dan liabilitas keuangan (lanjutan)           (v) Fair value of financial assets and liabilities             (v) Nilai wajar aset dan liabilitas keuangan (lanjutan)                  (v) Fair value of financial assets and liabilities
                                                                           (continued)                                                                                                                             (continued)

                                                                                                                                           (v) Efek-efek yang diterbitkan, pinjaman yang                              (v) Debt securities issued, fund borrowings and
           (iii) Kredit      yang      diberikan       dan                  (iii) Loans and sharia receivables/financing,
                                                                                                                                               diterima dan pinjaman dan efek-efek                                        subordinated loans and marketable securities
                 piutang/pembiayaan    syariah,    piutang                        consumer financing receivables and net
                                                                                                                                               subordinasi
                 pembiayaan konsumen serta investasi bersih                       investment in finance leases
                 dalam sewa pembiayaan                                                                                                             Nilai wajar agregat dihitung berdasarkan                                 The aggregate fair values are calculated
                                                                                                                                                   harga pasar kuotasi. Jika informasi ini tidak                            based on quoted market prices. When
               Kredit         yang      diberikan        dan                    Loans and sharia receivables/financing,                            tersedia, model diskonto arus kas digunakan                              information is not available, a discounted cash
               piutang/pembiayaan       syariah,     piutang                    consumer financing receivables and net                             berdasarkan kurva yield terkini yang sesuai                              flow model is used based on the current yield
               pembiayaan konsumen serta investasi bersih                       Investment in finance leases are recorded at                       dengan sisa periode jatuh temponya.                                      curve appropriate for the remaining term to
               dalam     sewa      pembiayaan     dinyatakan                    carrying amount net of charges for                                                                                                          maturity.
               berdasarkan jumlah nilai tercatat setelah                        impairment. The estimated fair value of loans
               dikurangi dengan penurunan nilai. Estimasi                       and sharia receivables/financing, consumer            (vi) Value at Risk (VaR)                                                 (vi) Value at Risk (VaR)
               nilai wajar dari kredit yang diberikan dan                       financing receivables, and net investment in
               piutang/pembiayaan       syariah,     piutang                    finance leases represents the discounted                   Dalam pelaksanaan pengelolaan risiko pasar                                 The implementation of managing market risk of
               pembiayaan konsumen serta investasi bersih                       amount of estimated future cash flows                      trading, Bank menerapkan prinsip segregation of                            trading, the Bank’s applies segregation of duties
               dalam sewa pembiayaan mencerminkan                               expected to be received. The fair value of                 duties dengan cara melakukan pemisahan antara                              principle by separation of front office unit (conduct
               jumlah diskonto dari estimasi kini dari arus                     loans and sharia receivables/financing,                    unit front office (melaksanakan transaksi trading),                        trading transaction), middle office unit (conduct
               kas masa depan yang diharapkan akan                              consumer financing receivables, and net                    unit middle office (melaksanakan proses                                    process of risk management as well as develop
               diterima. Nilai wajar dari kredit yang                           investment in finance leases is determined by              manajemen risiko serta menyusun kebijakan dan                              policies and procedures) and back office unit
               diberikan dan piutang/pembiayaan syariah,                        discounting the expected future cash flows at              prosedur) dan unit back office (melaksanakan                               (conduct process of settlement transaction).
               piutang pembiayaan konsumen serta                                current market interest rates.                             proses settlement transaksi).
               investasi bersih dalam sewa pembiayaan
                                                                                                                                           Analisa risiko pasar atas aktivitas trading treasury                       Market risk analysis of trading treasury daily
               ditentukan dengan mendiskontokan arus kas
                                                                                                                                           dilakukan      secara    harian       menggunakan                          activities using best practice approach by consider
               yang diharapkan pada tingkat suku bunga
                                                                                                                                           pendekatan sesuai best practice yang ada dan                               internal and external policies, such as through
               pasar terkini.                                                                                                              mengacu pada ketentuan internal dan eksternal                              calculation of VaR.
                                                                                                                                           yang berlaku, salah satunya melalui perhitungan
           (iv) Simpanan nasabah dan simpanan dari bank                     (iv) Deposits from customers and other banks,                  VaR.
                lain, liabilitas atas efek-efek yang dijual                      securities sold under agreements to
                dengan janji dibeli kembali, liabilitas                          repurchase, acceptance payables and other                 VaR adalah potensi kerugian maksimum dari                                  VaR is the maximum potential loss from the Bank's
                akseptasi dan liabilitas lain-lain                               liabilities                                               posisi portofolio Bank (open position) dengan                              portfolio position (open position) with a certain
                                                                                                                                           confidence level dan holding period tertentu                               confidence level and holding period under normal
               Estimasi nilai wajar simpanan yang bisa                          The estimated fair value of deposits that can              dalam kondisi pasar yang normal. Metode                                    market conditions. The VaR calculation method
               ditarik kembali sewaktu-waktu, termasuk                          be withdrawn at any time, includes non-                    perhitungan VaR yang digunakan Bank yaitu                                  used by the Bank is the Historical Simulation
               simpanan tanpa bunga, adalah sebesar                             interest bearing deposits, is the payable                  metode Historical Simulation yang tidak                                    method which does not require the assumption that
               jumlah terutang/nilai tercatat ketika utang                      amount/carrying amount when the payable is                 membutuhkan asumsi bahwa pergerakan faktor                                 the movement of market factors is normally
               tersebut dibayarkan.                                             paid.                                                      pasar terdistribusi normal. Bank menghitung VaR                            distributed. The Bank calculates VaR based on
                                                                                                                                           berdasarkan 250 hari data faktor pasar historis.                           250 days of historical market factor data.
               Estimasi nilai wajar simpanan dengan tingkat                     The estimated fair value of fixed interest
               suku bunga tetap, liabilitas atas efek-efek                      bearing deposits, securities sold under                    Realisasi VaR 31 Desember 2024 dan 2023                                    VaR realisation as of 31 December 2024 and 2023
               yang dijual dengan janji dibeli kembali,                         agreements to repurchase, acceptance                       (tidak diaudit) adalah sebagai berikut:                                    (unaudited) are as follows:
               liabilitas akseptasi dan liabilitas lain-lain yang               payables and other liabilities not quoted in an                                                                                2024
               tidak memiliki kuotasi di pasar aktif                            active market is based on discounted cash
                                                                                                                                                                                   VaR             VaR                  VaR                  VaR
               ditetapkan berdasarkan diskonto arus kas                         flows using interest rates for new debts with                                                    Rata-rata/     Maksimum/             Minimum/           Akhir tahun/
               dengan menggunakan suku bunga utang                              similar remaining maturity. As the remaining                                                     Average         Maximum              Minimum            End of period
                                                                                                                                                                                   VaR             VaR                  VaR                  VaR
               baru dengan sisa jatuh tempo yang serupa.                        maturity is below one year, the carrying
               Dikarenakan sisa jatuh tempo di bawah satu                       amount of fixed interest bearing deposits,
                                                                                                                                           Jenis risiko                                                                                                                     Type of risk
               tahun, nilai tercatat dari simpanan dengan                       acceptance payables and other liabilities is a             Risiko suku bunga*)                         20.675         57.586                  6.845                15.803              Interest rate risk*)
               tingkat bunga tetap, liabilitas akseptasi dan                    reasonable approximation of fair value.                    Risiko nilai tukar                          14.272         40.349                  1.760                 8.948         Foreign exchange risk

               liabilitas lain-lain adalah perkiraan yang                                                                                  Total                                       24.019         58.801                  7.571                22.164                           Total
               layak atas nilai wajar.
                                                                                                                                           *)   Hanya posisi trading book.                                            *)   Only trading book position




PT BANK MANDIRI (PERSERO) TBK                              1684      405                                                                                                                            1685
                                                                                                                                                                                                       406                                                  ANNUAL REPORT 2024
Page 565
          FINANCIAL STATEMENTS 2024


                                                  PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                       PT BANK MANDIRI (PERSERO) Tbk.
                                             DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                             DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                NOTES TO THE CONSOLIDATED                                       CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                       FINANCIAL STATEMENTS                                     KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                       31 DECEMBER 2024 AND 2023                                    31 DESEMBER 2024 DAN 2023                                                                    31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                              (Expressed in millions of Rupiah, unless otherwise stated)                             (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)


62. MANAJEMEN RISIKO (lanjutan)                                                   62. RISK MANAGEMENT (continued)                                                            62. MANAJEMEN RISIKO (lanjutan)                                  62. RISK MANAGEMENT (continued)

     B.    Risiko pasar dan risiko likuiditas (lanjutan)                                  B.     Market risk and liquidity risk (continued)                                      B.   Risiko pasar dan risiko likuiditas (lanjutan)               B.   Market risk and liquidity risk (continued)

                                                                                                                                                                                 (viii) Dampak Reformasi Acuan Suku Bunga                        (viii) Impact of Interest Rate Benchmark Reform
     (vi) Value at Risk (VaR) (lanjutan)                                                  (vi) Value at Risk (VaR) (continued)
                                                                                                                                                                                      Pada tahun 2017, Financial Conduct Authority                     In 2017, the UK Financial Conduct Authority (FCA)
           Realisasi VaR 31 Desember 2024 dan 2023                                               VaR realisation as of 31 December 2024 and 2023                                      (FCA) Inggris mengumumkan rencana untuk                          announced plans to stop using LIBOR by the end of
           (tidak diaudit) adalah sebagai berikut (lanjutan):                                    (unaudited) are as follows (continued):                                              menghentikan penggunaan LIBOR pada akhir                         2020. In November 2020, the ICE Benchmark
                                                                                                                                                                                      tahun 2020. Pada November 2020, ICE                              Administration (IBA) officially announced plans to
                                                                                          2023                                                                                        Benchmark Administration (IBA) mengumumkan                       stop publishing the LIBOR benchmark interest rate.
                                                                                                                                                                                      secara resmi rencana untuk menghentikan                          In response to the latest conditions, on 5 March
                                                    VaR                     VaR                    VaR                   VaR
                                                  Rata-rata/             Maksimum/               Minimum/            Akhir tahun/                                                     publikasi suku bunga acuan LIBOR. Sebagai                        2021, FCA announced a plan to partially suspend
                                                  Average                 Maximum                Minimum             End of period                                                    tanggapan atas kondisi terbaru, pada tanggal                     the publication of the LIBOR benchmark interest
                                                    VaR                     VaR                    VaR                   VaR                                                          5 Maret 2021, FCA mengumumkan rencana                            rate by the IBA which has held in 2 (two) stages as
                                                                                                                                                                                      penundaan sebagian penghentian publikasi suku                    follows:
           Jenis risiko                                                                                                                                    Type of risk
                                                                                                                                                                                      bunga acuan LIBOR oleh IBA tersebut yang telah
           Risiko suku bunga*)                          24.583                  47.974                  12.661                18.991                  Interest rate risk*)            diadakan dalam 2 (dua) tahap sebagai berikut:
           Risiko nilai tukar                           32.655                  85.253                   3.356                25.636             Foreign exchange risk                1. Pada 31 Desember 2021 untuk suku bunga                        1.   As of 31 December 2021, the reference interest
           Total                                        37.289                  86.076                  15.257                33.058                               Total
                                                                                                                                                                                         acuan LIBOR semua tenor dalam mata uang                            rate is LIBOR for all tenors in GBP, EUR, CHF
                                                                                                                                                                                         GBP, EUR, CHF dan JPY serta dalam mata                             and JPY and in USD for 1 (one) week and
                                                                                                                                                                                         uang USD untuk tenor 1 (satu) minggu dan                           2 (two) months tenors.
           *)   Hanya posisi trading book.                                                       *)   Only trading book position                                                         2 (dua) bulan.
                                                                                                                                                                                      2. Pada 31 Desember 2023 untuk suku bunga                        2.   On 31 December 2023, the reference interest
           Bank melakukan backtesting untuk memastikan                                           The Bank performs backtesting to ensure the                                             acuan LIBOR dalam mata uang USD untuk                              rate is LIBOR in USD for the overnight tenor,
           keakuratan metode perhitungan VaR dalam                                               accuracy of the VaR calculation method in                                               tenor overnight, 1 (satu) bulan, 3 (tiga) bulan,                   1 (one) month, 3 (three) months, 6 (six) months
           memprediksi laba/rugi aktivitas treasury. Metode                                      predicting the profit/loss of treasury activities.                                      6 (enam) bulan dan 12 (dua belas) bulan.                           and 12 (twelve) months.
           backtesting dilakukan dengan membandingkan                                            Backtesting method compares the daily profit/loss
           laba/rugi harian dengan nilai VaR yang dihitung                                       with the VaR calculated by the Bank.                                                 Eksposur risiko Bank yang secara langsung                        The Bank's risk exposures that are directly affected
                                                                                                                                                                                      terdampak dari reformasi acuan suku bunga terdiri                by the interest rate benchmark reform consist of a
           oleh Bank.                                                                                                                                                                 dari portfolio kredit korporasi, transaksi derivatif             portfolio of corporate loans, derivative transactions
                                                                                                                                                                                      dan borrowing yang menggunakan suku bunga                        and borrowing using the USD LIBOR benchmark
           Hasil backtesting periode Desember 2024                                               Backtesting result for the period December 2024                                      acuan USD LIBOR.                                                 interest rate.
           menunjukkan bahwa perhitungan VaR yang telah                                          shows that the VaR calculation has been
           dilakukan akurat, dimana jumlah penyimpangan                                          performed accurately, where the number of                                            Saat ini Bank telah menggunakan suku bunga                       Currently, the Bank has used to use the Secured
           Laba/Rugi terhadap daily VaR masih dapat                                              irregularities of Profit/Loss to the daily VaR is still                              acuan Secured Overnight Financing Rate (SOFR)                    Overnight Financing Rate (SOFR) benchmark
           diterima.                                                                             acceptable.                                                                          atau suku bunga acuan lain yang disepakati untuk                 interest rate or other agreed benchmark interest rate
                                                                                                                                                                                      menggantikan suku bunga acuan USD LIBOR.                         to replace the USD LIBOR benchmark interest rate.
     (vii) Manajemen kas                                                                  (vii) Cash management                                                                       Terkait suku bunga acuan SOFR, terdapat                          Regarding the SOFR benchmark interest rate, there
                                                                                                                                                                                      beberapa perbedaan antara USD LIBOR dan                          are several differences between USD LIBOR and
                                                                                                                                                                                      SOFR. USD LIBOR adalah “term rate”, yang                         SOFR. USD LIBOR is the “term rate”, which means
           Kas terdiri atas:                                                                     Details of cash are as follows:                                                      berarti USD LIBOR dipublikasikan untuk beberapa                  that USD LIBOR is published for several loan
                                                                                                                                                                                      periode pinjaman (sebagai contoh 3 (tiga) bulanan                periods (for example 3 (three) months or 6 (six)
                                                                      2024                                          2023                                                              atau 6 (enam) bulanan) dan bersifat “forward                     months) and is “forward looking” (LIBOR is
                                                     Jumlah                                            Jumlah
                                                                                                                                                                                      looking” (LIBOR dipublikasikan pada awal                         published at the beginning of the period), while
                                                   ekuivalen                                         ekuivalen                                                                        periode), sedangkan SOFR merupakan suku                          SOFR is the rate “backward-looking” benchmark
                                                    nosional                                          nosional                                                                        bunga acuan yang bersifat “backward looking”,                    interest rate, based on the overnight interest rate of
                                                   mata uang                                         mata uang
                                                      asing                                             asing
                                                                                                                                                                                      berdasarkan suku bunga overnight dari transaksi                  actual transactions, and published at the end of the
                                                (dalam ribuan)/                                   (dalam ribuan)/                                                                     actual, dan dipublikasikan pada akhir periode                    overnight period. In addition, LIBOR is an interest
                                                    Notional                                          Notional                                                                        overnight. Selain itu, LIBOR merupakan tingkat                   rate that has taken into account credit spreads,
                                                   amount of                                         amount of
                                                     foreign                                           foreign                                                                        suku bunga yang telah memperhitungkan credit                     while SOFR is currently an almost risk free interest
                                                    currency                                          currency                                                                        spread, sementara SOFR saat ini adalah suku                      rate based on US Treasury repurchase agreement
                                                   equivalent                                        equivalent                                                                       bunga yang hampir risk free berdasarkan transaksi                (repo) market transactions. In order to make the
                                                (in thousands)               Rupiah               (in thousands)            Rupiah
                                                                                                                                                                                      pasar repurchase agreement (repo) US Treasury.                   transition of contracts and agreements that currently
                                                                                                                                                                                      Untuk melakukan transisi atas kontrak dan                        refer to USD LIBOR to refer to the alternative
           Rupiah                                                 -          27.977.240                      -             23.220.420                             Rupiah
                                                                                                                                                                                      perjanjian yang saat ini mengacu ke USD LIBOR                    benchmark interest rate (SOFR), adjustments are
           Mata uang asing                                                                                                                            Foreign currencies              menjadi mengacu ke suku bunga acuan alternatif                   needed to ensure that the two benchmark interest
              Dolar Amerika Serikat                    145.147                2.336.137                115.908              1.784.628          United States Dollar                   (SOFR),      diperlukan    penyesuaian      untuk                rates are economically equivalent.
                                                                                                                                                    Singapore Dollar
              Dolar Singapura                           19.530                  231.324                 16.739                195.452
                                                                                                                                                     European Euro
                                                                                                                                                                                      memastikan bahwa kedua suku bunga acuan
              Euro Eropa                                18.310                  306.836                 24.152                411.511
              Dolar Australia                           27.270                  273.072                 29.345                308.730               Australian Dollar                 tersebut secara ekonomis setara.
              Yen Jepang                               657.517                   67.744                581.383                 63.301                 Japanese Yen
              Pound Sterling Inggris                     1.573                   31.811                  3.202                 62.835   Great Britain Pound Sterling                  Pada tahun 2020, Bank telah membentuk komite,                    In 2020, the Bank has formed a committee,
              Dolar Hong Kong                            6.286                   13.031                  6.124                 12.068              Hong Kong Dollar                   yang terdiri dari unit kerja Treasury, Kredit, Risk,             consisting of Treasury, Credit, Risk, IT, Legal,
              Yuan China                                 2.439                    5.379                  1.975                  4.286                 Chinese Yuan                    IT, Legal, Compliance, dan Keuangan untuk                        Compliance, and Finance work units to formulate a
                                                                                                                                                              Others
              Lain-lain                                 26.251                  422.508                 23.934                368.509                                                 menyusun strategi transisi USD LIBOR. Komite                     USD LIBOR transition strategy. The LIBOR
                                                       904.323               31.665.082               802.762              26.431.740                                                 Transisi LIBOR ini dibentuk untuk meminimalisasi                 Transition Committee was formed to minimize the
                                                                                                                                                                                      potensi disrupsi bisnis dan memitigasi risiko                    potential for business disruption and mitigate
                                                                                                                                                                                      operasional, hukum, kepatuhan serta keuangan.                    operational, legal, compliance and financial risks.
           Pada tanggal-tanggal 31 Desember 2024 dan                                             As of 31 December 2024 and 2023, the cash                                            Inisiatif transisi LIBOR mempertimbangkan                        The LIBOR transition initiative considers changes to
                                                                                                                                                                                      perubahan pada sistem informasi, proses,                         information systems, processes, risk management
           2023 saldo kas tersebut, sudah termasuk uang                                          balance, including money at the ATM (Automatic                                       manajemen risiko, dan model valuasi instrumen                    and financial instrument valuation models and
           pada mesin ATM (Anjungan Tunai Mandiri),                                              Teller Machine), amounted to Rp5,603,861 and                                         keuangan serta mengkaji dampak akuntansi dan                     examines the impact of accounting and taxation.
           masing-masing sebesar Rp5.603.861 dan                                                 Rp7,012,615, respectively.                                                           perpajakan.
           Rp7.012.615.


PT BANK MANDIRI (PERSERO) TBK                                         1686            407                                                                                                                                                    1687
                                                                                                                                                                                                                                                408                                    ANNUAL REPORT 2024
Page 566
          FINANCIAL STATEMENTS 2024


                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                                     PT BANK MANDIRI (PERSERO) Tbk.
                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                           DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED                 CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS               KONSOLIDASIAN                                                                                        FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                     31 DECEMBER 2024 AND 2023              31 DESEMBER 2024 DAN 2023                                                                        31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)


62. MANAJEMEN RISIKO (lanjutan)                                    62. RISK MANAGEMENT (continued)                                   62. MANAJEMEN RISIKO (lanjutan)                                   62. RISK MANAGEMENT (continued)

     B.    Risiko pasar dan risiko likuiditas (lanjutan)              B.   Market risk and liquidity risk (continued)                    B.   Risiko pasar dan risiko likuiditas (lanjutan)                   B.   Market risk and liquidity risk (continued)

     (viii) Dampak Reformasi Acuan Suku Bunga (lanjutan)              (viii)Impact of Interest     Rate    Benchmark     Reform          (viii) Dampak Reformasi Acuan Suku Bunga (lanjutan)                  (viii)Impact of Interest     Rate   Benchmark       Reform
                                                                            (continued)                                                                                                                             (continued)
           Dari segi manajemen risiko pasar, Bank telah                    In terms of market risk management, the Bank has
           mengidentifikasi dan mengantisipasi perubahan                   identified and anticipated changes that occured in                 Berikut adalah informasi kuantitatif tentang                         The following is quantitative information about
           yang terjadi pada aspek - aspek antara lain                     aspects including changes in market data, which in                 instrumen keuangan yang belum beralih ke acuan                       financial instruments that have not yet switched to
           perubahan market data, yang selanjutnya                         turn will have an impact on the results of the mark to             suku bunga alternatif pada tanggal 31 Desember                       alternative reference rates as of 31 December 2024
           berdampak pada hasil perhitungan mark to market,                market calculation, VaR calculation and monitoring,                2024 dan 2023, yang menunjukkan secara                               and 2023, which separately shows non-derivative
           perhitungan dan monitoring VaR, dan perhitungan                 and other calculations related to market risk. With                terpisah aset       keuangan non derivatif kredit                    corporate credit financial assets, borrowing, and
           lain - lain terkait risiko pasar. Terhadap perubahan-           regard to these changes, the Bank has made
                                                                                                                                              korporasi, liabilitas keuangan non derivatif                         derivative non-derivative financial liabilities (bank
           perubahan yang terjadi tersebut, Bank telah                     adjustments to the market risk management system
           melakukan penyesuaian pada sistem manajemen                     and has reported system enhancement realisation                    borrowing dan derivatif (Bank Mandiri saja).                         only).
           risiko pasar dan ketentuan internal terkait, serta              to the regulator. In 2024, all Treasury derivative
           telah melaporkan realisasi enhancement pada                     transactions with USD currency have used USD                                                                                2024
           sistem ke regulator. Pada tahun 2024, seluruh                   SOFR as benchmark interest rate.
           transaksi derivatif Treasury dengan mata uang                                                                                                                                 Nilai kontrak
           USD telah menggunakan USD SOFR sebagai                                                                                                                                      USD nilai penuh/
           suku bunga acuannya.                                                                                                                                                         Contract Value             Nilai wajar/
                                                                                                                                                                                           Full USD                Fair Value
           Dalam hal kaitannya dengan risiko likuiditas,                   In terms of liquidity risk, changes in the LIBOR
           perubahan atas suku bunga acuan LIBOR menjadi                   benchmark interest rate to another alternative
           suku bunga acuan alternatif lain juga dapat                     benchmark interest rate may also have an impact on                 Derivatif                                                                                                      Derivatives
           berdampak pada kondisi likuiditas Bank. Dalam hal               the Bank's liquidity condition. In this case, changes              Tagihan derivatif                                61.450.000                  32.613                 Derivatives receivables
           ini, perubahan nominal pembayaran bunga kredit,                 in the nominal payment of credit interest, derivative              Liabilitas derivatif                             10.000.000                  (4.035)                  Derivatives liabilities
           transaksi derivatif dan/atau bunga pinjaman dapat               transactions and/or loan interest may affect the
           berpengaruh pada nilai arus kas yang diterima                   value of cash flows received or paid by the Bank,                                                                           2023
           atau dibayarkan oleh Bank, antara lain yang                     including those measured in the Liquidity Coverage
           terukur dalam indikator Liquidity Coverage Ratio                Ratio (LCR) and Net Stable Funding Ratio (NSFR)                                                               Nilai kontrak
           (LCR) dan Net Stable Funding Ratio (NSFR).                      indicators. However, this impact is not expected to                                                         USD nilai penuh/
           Namun demikian, dampak tersebut diperkirakan                    significantly affect the Bank's overall liquidity
                                                                                                                                                                                        Contract Value             Nilai wajar/
           tidak signifikan mempengaruhi kondisi likuiditas                condition.
           Bank secara keseluruhan.                                                                                                                                                        Full USD                Fair Value

           Sebagai bentuk mitigasi risiko pasar, per posisi                As a form of market risk mitigation, as of                         Derivatif                                                                                                      Derivatives
           31 Desember 2024 dan 2023, Bank telah                           31 December 2024 and 2023, the Bank has                            Tagihan derivatif                               177.050.000                 110.120                 Derivatives receivables
           mengidentifikasi kebutuhan perubahan pada                       identified the need for changes to the information                 Liabilitas derivatif                             20.000.000                 (18.463)                  Derivatives liabilities
           sistem informasi dan Bank telah melakukan                       system and the Bank has made adjustments to the
           penyesuaian pada sistem tersebut. Bank juga                     system. The Bank has also conducted studies
           telah melakukan kajian yang dibutuhkan dalam                    needed in the transition process related to the               C.   Risiko operasional                                              C. Operational risk
           proses transisi terkait proses dan model valuasi                process and model of the valuation of financial
           instrumen keuangan. Pada tahun 2023, Bank telah                 instruments. In 2023, the Bank has communicated                    Risiko    operasional     adalah    risiko akibat                    Operational risk is a risk due to inadequacy and/or
           melakukan komunikasi dengan counterparty                        with affected counterparties and/or customers to                   ketidakcukupan dan/atau tidak berfungsinya                           dysfunctional internal process, human error,
           dan/atau nasabah yang terdampak untuk                           provide the latest information regarding changes                   proses internal, kesalahan manusia, kegagalan                        systems failure or external factors which impact the
           memberikan informasi terkini terkait perubahan                  that may occur as a result of the reform of the                    sistem atau adanya faktor eksternal yang                             Bank’s operations. Including risks related to cyber
           yang mungkin terjadi akibat dari reformasi acuan                interest rate reference, specifically USD LIBOR,
                                                                                                                                              mempengaruhi operasional Bank. Termasuk                              security. The effectiveness of operational risk
           suku bunga, secara khusus USD LIBOR, baik                       either through socialization, discussion or in writing.
           melalui sosialisasi, diskusi maupun tertulis. Bank              The Bank has identified areas that have a significant              dalam bagian dari risiko operasional yaitu risiko                    management can reduce losses due to operational
           telah mengidentifikasi area yang memiliki risiko                risk of discontinuing USD LIBOR, namely                            terkait keamanan siber. Pengelolaan atas risiko                      risk.
           yang signifikan terhadap penghentian USD LIBOR,                 developing information systems and adjusting                       operasional secara efektif dapat menekan
           yaitu melakukan pengembangan pada sistem                        business processes to accommodate the use of                       kerugian akibat risiko operasional.
           informasi dan penyesuaian proses bisnis untuk                   alternative reference interest rates, conducting
           dapat mengakomodasi penggunaan suku bunga                       contract amendments/repapering and/or reviewing                    Dalam rangka mengelola risiko operasional secara                     In order to the achieve the effectiveness of
           acuan       alternatif, melakukan      amendemen                fallback clauses on existing contracts. In addition to
           kontrak/repapering dan/atau melakukan kajian                    carrying out continuous efforts in monitoring the                  efektif, Bank menyusun kerangka kerja yang                           operational risk management, the Bank has
           fallback clause pada kontrak existing. Selain                   latest conditions related to the USD LIBOR                         mengacu pada regulasi Bank Indonesia, Otoritas                       established a framework based on Bank Indonesia,
           melakukan         usaha    berkelanjutan     dalam              transition, the Bank has also conducted more                       Jasa Keuangan, Basel dan best practice di industri                   Financial Services Authority, Basel and best
           pemantauan kondisi terkini terkait transisi USD                 intensive discussions with industry players both from              baik lokal maupun global. Bank saat ini telah                        practice in both local and global industries. The
           LIBOR, Bank juga telah melakukan diskusi lebih                  within and outside the country in the context of                   memiliki Kebijakan Manajemen Risiko, Standar                         Bank has implemented Bank Mandiri’s Risk
           intensif dengan pelaku industri baik yang berasal               benchmarking and communication with Regulators                     Prosedur    Operasional    Manajemen       Risiko                    Management        Policy,  Standard    Operating
           dari dalam maupun luar negeri dalam rangka                      to ensure the transition of changes in the                         Operasional dan Petunjuk Teknis Operasional                          Procedures for Operational Risk Management and
           benchmark serta komunikasi dengan Regulator                     benchmark interest rate from USD LIBOR to
           untuk memastikan transisi perubahan suku bunga                  alternative interest rates went well, also to minimize             Manajemen Risiko Operasional, yang meliputi                          Technical Guidelines for Operational Risk
           acuan dari USD LIBOR ke suku bunga acuan                        the risk arising from the transition process.                      aspek governance maupun sistem pelaporan.                            Management covering both aspects of governance
           alternatif berjalan dengan baik, sekaligus                                                                                                                                                              and reporting systems.
           meminimalisasi risiko yang muncul dari proses
           transisi tersebut.


PT BANK MANDIRI (PERSERO) TBK                              1688     409                                                                                                                             1689
                                                                                                                                                                                                       410                                         ANNUAL REPORT 2024
Page 567
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                    PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                          DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED                 CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS               KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                  31 DECEMBER 2024 AND 2023              31 DESEMBER 2024 DAN 2023                                                                       31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)         (Expressed in millions of Rupiah, unless otherwise stated)       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)


62. MANAJEMEN RISIKO (lanjutan)                                 62. RISK MANAGEMENT (continued)                                   62. MANAJEMEN RISIKO (lanjutan)                                     62. RISK MANAGEMENT (continued)

                                                                                                                                      C.   Risiko operasional (lanjutan)                                  C. Operational risk (continued)
     C.    Risiko operasional (lanjutan)                           C. Operational risk (continued)
                                                                                                                                           Managing risk through operation (lanjutan)                         Managing risk through operation (continued)
           Managing risk through operation                             Managing risk through operation
                                                                                                                                           Terkait dengan ORM Tools, ORM Tools yang                           The ORM Tools used by the Bank are:
           Dalam pengelolaan risiko operasional melalui                In managing operational risk through Operation, the                 dipergunakan Bank adalah:
                                                                                                                                            (i) Risk & Control Self Assessment (RCSA),                        (i)     Risk & Control Self Assessment (RCSA), is a
           Operation, Bank telah:                                      Bank has:                                                                 merupakan sebuah register atas identifikasi                          register of risk identification and main control
           (i)    Menetapkan risk governance pengelolaan               (i)   Established risk governance of operational                          risiko dan kontrol utama dari proses bisnis                          of the business processes within the Bank,
                  risiko operasional.                                        risk management.                                                    yang ada di Bank, yang secara periodik                               where inherent risk rating and control
           (ii)   Menetapkan kebijakan dan prosedur serta              (ii)  Established policies and procedures and                             dilakukan penilaian/assessment terhadap                              effectiveness either through control testing or
                  melakukan review secara berkala.                           conducts periodic review.                                           inherent risk rating dan efektivitas kontrol baik                    by consensus are periodically assessed. The
           (iii)  Menetapkan operational risk appetite                 (iii) Established     operational      risk  appetite                     melalui pengujian kontrol (Control Testing)                          testing of inherent risk rating and control rating
                                                                                                                                                 maupun       secara     konsensus.     Penilaian                     generated residual risk value which become a
                  statement.                                                 statement.                                                          inherent risk rating dan control rating                              component of operational risk profile. The
           (iv)   Menyusun metodologi dan perangkat                    (iv)  Designed methodologies and tools for                                menghasilkan nilai residual risk dan menjadi                         residual risk level is minimized by taking
                  pengelolaan risiko operasional.                            operational risk management.                                        bagian dari profil risiko operasional. Tingkat                       necessary mitigations before risk occurs.
           (v)    Mengembangkan                          dan           (v)   Developed       and       implemented     Risk                      risiko residual dijaga seminimal mungkin
                  mengimplementasikan        program     Risk                Awareness       Program        for    managing                      dengan mengambil tindakan yang diperlukan
                                                                                                                                                 untuk mitigasi sebelum risiko terjadi.
                  Awareness pengelolaan risiko operasional                   operational risk for all employees.
                                                                                                                                            (ii) Loss Event Database, merupakan database                      (ii)    Loss Event Database, is a database of
                  terhadap seluruh karyawan.                                                                                                     insiden risiko operasional yang dicatat secara                       operational risk incidents which recorded on
           (vi)   Mendesain,       mengembangkan,        dan           (vi)         Designed, developed, and implemented                         risk based dengan tujuan sebagai lesson                              risk based basis as a lesson learned,
                  mengimplementasikan Operational Risk                              Operational Risk Management System.                          learned, pemantauan tindak lanjut perbaikan                          remediation      monitoring       and      future
                  Management System.                                                                                                             kedepannya, serta sebagai salah satu                                 improvements, also as a component for
           (vii)  Menjalankan implementasi pengelolaan                 (vii)        Implemented       the      operational risk                  komponen untuk perhitungan modal risiko                              calculation of operational risk capital
                                                                                                                                                 operasional (regulatory capital charge)                              calculation (regulatory capital charge) with the
                  risiko operasional ke seluruh unit kerja                          management to the all units (Head Office                     metode Standardized Approach (SA).                                   Standardized Approach (SA) method.
                  (Kantor Pusat dan Kantor Wilayah)                                 and Regional Offices) including the                    (iii) Key Indicator (KI), merupakan early warning                  (iii)   Key Indicator (KI), is an early warning signal in
                  termasuk implementasi Operational Risk                            Operational Risk Management Tools (ORM                       signal dalam pengelolaan risiko operasional                          operational risk management with the aim that
                  Management Tools (ORM Tools).                                     Tools).                                                      dengan tujuan agar upaya mitigasi dapat                              mitigation efforts can be immediately
           (viii) Melaksanakan monitoring dan pelaporan                (viii)       Performed monitoring and reporting for                       segera ditentukan dan dilaksanakan sebelum                           determined and implemented before a risk
                  internal maupun eksternal (regulator).                            internal and external (regulator).                           sebuah risiko terjadi. KI mengindikasikan                            occurs. KI indicates the probability that a risk
                                                                                                                                                 besar kecilnya kemungkinan suatu risiko akan                         will occur (risk based) or indicates the
           (ix)   Mengembangkan kompetensi standar untuk               (ix)         Developed standard competencies for                          terjadi (risk based) atau mengindikasikan                            probability that a control is not implemented
                  pegawai yang terlibat dalam aktivitas                             employees involved in the implementation of                  besar kecilnya kemungkinan suatu kontrol                             properly (control based). KI is set a threshold
                  implementasi kerangka kerja manajemen                             operational risk management framework                        tidak dilaksanakan sebagaimana mestinya                              (threshold) and its realization score is
                  risiko operasional.                                               activities.                                                  (control based). KI ditetapkan ambang                                recorded periodically.
                                                                                                                                                 batasnya (threshold) dan dicatat skor
           Pelaksanaan operational risk governance                     The implementation of operational risk governance                         realisasinya secara berkala.
                                                                                                                                           (iv) Issue & Action Management (IAM),                              (iv) Issue & Action Management (IAM), is a tool to
           dilakukan melalui:                                          begins with:                                                              merupakan perangkat untuk memantau tindak
           (i) Pengawasan aktif Dewan Komisaris dan                                                                                                                                                                   monitor follow-up action that have been
                                                                       (i)   Active monitoring by Board of Commissioners                         lanjut yang telah disusun atas isu-isu yang                          designed on identified issues through various
                Direksi                                                     and Directors                                                        ditemukan dari berbagai sumber, seperti dari                         activities, such as Control Testing, incident,
           (ii) Pelaksanaan pengelolaan risiko operasional             (ii) The implementation of operational risk                               hasil Control Testing, hasil monitoring Key                          key indicator monitoring result, self identified
                disupervisi oleh Direktur Manajemen Risiko                  management is supervised by Director of Risk                         Indicator, terjadinya insiden, teridentifikasinya                    issued and other.
                yang didukung dengan keterlibatan:                                                                                               suatu permasalahan (self-identified issue) dan
                                                                            Management which supported by the                                    lainnya.
                                                                            involvement of:                                                (v) Capital       Modelling,     merupakan       model
                •   Risk Management Committee                                                                                                                                                                 (v)     Capital Modelling, an operational capital
                                                                            • Risk Management Committee                                          perhitungan      modal     risiko    operasional                     calculation model (regulatory capital charge)
                •   Unit Kerja Pemilik dan Pengendali                       • Business Unit and Risk Controlling Unit                            (regulatory capital charge) sesuai regulasi                          that complies with applicable regulations.
                    Risiko                                                                                                                       yang berlaku.
                •   Unit     Kerja     Manajemen Risiko                         •    Operational Risk Management Unit
                    Operasional                                                                                                            Sebagai output dari proses Manajemen Risiko                        As the output of Operational Risk Management
                                                                                                                                           Operasional, akan dihasilkan profil risiko                         process, each unit generates operational risk profile
                •   Unit Kerja Pembina Manajemen Risiko                         •    Operational Risk      Management      and             operasional yang di-review oleh unit Internal                      reviewed by Internal Audit unit and presented to the
                    Operasional                                                      Development Unit                                      Audit, dipresentasikan kepada Direksi dan Dewan                    Board of Commissioners and directors, and
                •   Unit Kerja Kepatuhan                                        •    Compliance Unit                                       Komisaris, serta dilaporkan dalam bentuk Laporan                   submitted to the regulators periodically in the form of
                •   Unit Kerja Internal Audit                                   •    Internal Audit Unit                                   Tingkat Kesehatan Bank (Risk Based Bank                            Risk Based Bank Rating and Risk Profile. In
                                                                                                                                           Rating) dan Profil Risiko yang disampaikan                         addition, in order to manage operational risk, there
                                                                                                                                           kepada Regulator secara periodik. Selain itu,                      is an operational risk management reports that are
           Bank telah menetapkan kebijakan dan prosedur                The Bank has established internal policies and                      dalam rangka pengelolaan risiko operasional                        submitted to management as a monitoring tool and
           internal dalam Manajemen Risiko Operasional                 procedures for Operational Risk Management                          terdapat laporan pengelolaan risiko operasional                    consideration for priority decision making.
           yang mengacu pada Kebijakan Manajemen                       referred to as Risk Management Policy, which is the                 yang disampaikan kepada manajemen sebagai
           Risiko, yang menjadi landasan implementasi                  basis of risk management implementation.                            sarana monitoring dan bahan pertimbangan untuk
           manajemen risiko.                                                                                                               mengambil tindakan prioritas.



PT BANK MANDIRI (PERSERO) TBK                          1690      411                                                                                                                                 1691
                                                                                                                                                                                                        412                                      ANNUAL REPORT 2024
Page 568
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                            PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                  DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED              CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS            KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                31 DECEMBER 2024 AND 2023           31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)       (Expressed in millions of Rupiah, unless otherwise stated)    (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)        (Expressed in millions of Rupiah, unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                               62. RISK MANAGEMENT (continued)                                63. PERJANJIAN, KOMITMEN            DAN    KONTINJENSI        63. SIGNIFICANT AGREEMENTS, COMMITMENTS AND
                                                                                                                                 PENTING (lanjutan)                                            CONTINGENCIES (continued)
     C.    Risiko operasional (lanjutan)                         C. Operational risk (continued)
                                                                                                                                 a.   Perjanjian integrated banking system dengan              a.   Integrated banking system agreement with
           Managing risk through capital                              Managing risk through capital                                   vendor (lanjutan)                                             vendor (continued)
           Sesuai     ketentuan,    Bank     menggunakan              According to the regulations, the Bank utilizes the             Pada tanggal 19 Oktober 2022, Bank Mandiri                    On 19 October 2022, Bank Mandiri entered into an
           Standardized Approach (SA)/Pendekatan Standar              Standardized Approach (SA) in accordance with                   mengadakan perjanjian dengan vendor untuk                     agreement with vendors to add eMAS features
           sesuai SEOJK No. 06/SEOJK.03/2020 untuk                    SEOJK No. 06/SEOJK.03/2020 for operational risk                 menambah fitur eMAS sesuai perjanjian                         according to the 2023 Application Management
           perhitungan beban modal risiko operasional.                capital charges calculation. The calculation of the
           Perhitungan ATMR dengan Pendekatan Standar                                                                                 Application Management 2023 menggunakan                       agreement using a blanket order system with a
                                                                      Risk Weighted Assets (RWA) using Standardized
           dilakukan setiap tahun berdasarkan data                    Approach is performed annually based on                         system blanket order dengan nilai maksimum                    maximum contract value of 350 mandays. On
           Komponen Kerugian Risiko Operasional selama                Operational Risk Loss Components data for the last              sebanyak    350   mandays.    Pada   tanggal                  31 December 2024, out of a contract value
           10 (sepuluh) tahun terakhir dan data Komponen              10 (ten) years and Business Indicator Components                31 Desember 2024 dari nilai kontrak sebesar                   amounted to USD726,327.79 (full amount) the
           Indikator Bisnis selama 3 (tiga) tahun terakhir.           data for the last 3 (three) years. The result of                USD726.327,79 (nilai penuh), Bank telah                       Bank has recorded it as fixed assets amounted to
           Hasil perhitungan dari beban modal risiko                  calculation of operational risk capital charges for             melakukan pembukuan sebagai aset tetap                        USD726,327.79 (full amount) with the estimated
           operasional Bank Mandiri (Bank Mandiri saja)               Bank Mandiri (Bank Only) as of 31 December 2024                 sebesar USD726.327,79 (nilai penuh) dengan                    project completion on 31 December 2024 is 100%.
           pada tanggal 31 Desember 2024 adalah sebesar               amounted to Rp5,014,076.90 while for consolidation              estimasi    penyelesaian    pada     tanggal
           Rp5.014.076,90 sedangkan secara konsolidasian              (Bank Mandiri and its Subsidiaries) amounted to                 31 Desember 2024 adalah 100%.
           (Bank Mandiri dengan Entitas Anak) adalah                  Rp6,067,991.50. Based on these operational risk
           sebesar Rp6.067.991,50. Berdasarkan nilai beban            capital charges values, RWA for operational risk as             Perikatan antara Bank Mandiri dengan pihak                    Bank Mandiri and related parties have complied
           modal risiko operasional tersebut, nilai ATMR              of    31     December      2024    amounted       to            terkait telah mengikuti syarat dan ketentuan yang             the mutually agreed terms and conditions.
           risiko operasional pada tanggal 31 Desember                Rp62,675,961.25 (Bank Only) and Rp75,849,893.75                 disepakati bersama.
           2024 adalah sebesar Rp62.675.961,25 (Bank                  (consolidated).
           Mandiri      saja)    dan      Rp75.849.893,75                                                                        b.   Perkara hukum                                            b.   Legal matters
           (konsolidasian).
                                                                                                                                      Bank saat ini masih menghadapi permasalahan                   Currently, the Bank has a number of outstanding
                                                                                                                                      hukum diantaranya dengan debitur dan/atau                     litigation cases, including lawsuits with debtors
63. PERJANJIAN,         KOMITMEN      DAN   KONTINJENSI       63. SIGNIFICANT AGREEMENTS, COMMITMENTS AND                             pemilik dana sebagai akibat adanya perselisihan               and/or fund owners due to disputes that had been
    PENTING                                                       CONTINGENCIES                                                       perjanjian yang telah diputus oleh Pengadilan                 decided by the Court where the Bank was convicted
                                                                                                                                      dimana Bank dihukum untuk membayar ganti rugi                 by the Court to pay compensation amounted to
     a.    Perjanjian integrated banking system dengan           a.   Integrated banking system agreement with
           vendor                                                     vendor                                                          sebesar Rp1.858. Saat ini Bank masih dalam                    Rp1,858. Currently, the Bank is still in the legal
                                                                                                                                      proses/upaya    hukum     keberatan   terhadap                process to appeal against the decision.
           Pada tanggal 28 Mei 2019, Bank Mandiri                     On 28 May 2019, Bank Mandiri entered into an                    putusan.
           mengadakan perjanjian dengan vendor untuk                  agreement with vendors to enhance eMAS
           menambah fitur eMAS sesuai perjanjian                      features related to the 2019 Application                        Jumlah klaim terhadap Bank Mandiri atas                       The Bank’s total potential financial exposure
           Application Management 2019 menggunakan                    Management agreement with the blanket order                     tuntutan hukum yang belum selesai pada tanggal                arising from outstanding lawsuits as of
           system blanket order dengan nilai maksimum                 system with a maximum contract value of 6,141                   31 Desember 2024 dan 2023 masing-masing                       31 December 2024 and 2023 amounted to
           sebanyak 6.141 mandays. Pada tanggal                       mandays. On 31 December 2024, the payment                       sebesar Rp460.861 dan Rp541.727. Pada                         Rp460,861 and Rp541,727, respectively. As of
           31 Desember 2024 dari nilai kontrak sebesar                realisation amounted to USD4,898,670.82 (full                   tanggal 31 Desember 2024 dan 2023, Bank                       31 December 2024 and 2023, the Bank has
           USD4.898.670,82 (nilai penuh), Bank telah                  amount) and the Bank has recorded the payment                   Mandiri telah membentuk cadangan masing-                      provided a provision amounted to Rp68,662 and
           melakukan pembukuan sebagai aset tetap                     realisation as a fixed asset amounted to                        masing sebesar Rp68.662 dan Rp90.893 dan                      Rp90,893, respectively, and believes that the
           sebesar USD4.878.288,57 (nilai penuh) dengan               USD4,878,288.57 (full amount) with the estimated                berpendapat bahwa cadangan yang dibentuk                      provision is adequate.
           estimasi penyelesaian posisi 31 Desember 2024              project completion on 31 December 2024 is                       telah memadai.
           adalah 99,58%.                                             99.58%.
                                                                                                                                  c. Trade Agreement dengan Asian Development                  c.   Trade Agreement with Asian Development Bank
           Pada tanggal 25 Mei 2021, Bank Mandiri                     On 25 May 2021, Bank Mandiri entered into an                   Bank
           mengadakan perjanjian dengan vendor untuk                  agreement with vendors to add eMAS features
           menambah fitur eMAS sesuai perjanjian                      according to the 2021 Application Management                    Pada tanggal 25 November 2009, Bank Mandiri                   On 25 November 2009, Bank Mandiri has signed a
           Application Management 2021 menggunakan                    agreement using a blanket order system with a                   telah menandatangani perjanjian kerjasama                     contractual agreement with Asian Development
           system blanket order dengan nilai maksimum                 maximum contract value of 1,870 mandays. On                     dengan Asian Development Bank (“ADB”) melalui                 Bank (“ADB”) through Trade Finance Facilitation
           sebanyak 1.870 mandays. Pada tanggal                       31 December 2024, out of a contract value                       Trade Finance Facilitation Program (“TFFP”),                  Program (“TFFP”) which are Confirmation Bank
           31 Desember 2024 dari nilai kontrak sebesar                amounted to USD1,513,307.45 (full amount) the
           USD1.513.307,45 (nilai penuh), Bank telah                  Bank has recorded it as fixed assets amounted to                yaitu Confirmation Bank Agreement (“CBA”).                    Agreement (“CBA”).
           melakukan pembukuan sebagai aset tetap                     USD1,513,307.45 (full amount) with the estimated
           sebesar USD1.513.307,45 (nilai penuh) dengan               project completion position on 31 December 2024                 Berdasarkan CBA, Bank Mandiri dapat bertindak                 Based on CBA, Bank Mandiri can act as confirming
           estimasi    penyelesaian     pada     tanggal              is 100%.                                                        sebagai confirming bank bagi transaksi ekspor                 bank for export import transactions of its customers
           31 Desember 2024 adalah 100%.                                                                                              impor nasabah dengan basis Letter of Credit                   with Letter of Credit (“L/C”) arrangement. As a
                                                                                                                                      (“L/C”). Sebagai confirming bank, Bank Mandiri                confirming bank, Bank Mandiri can request a
           Pada tanggal 18 November 2021, Bank Mandiri                On 18 November 2021, Bank Mandiri entered into                  dapat diberikan jaminan oleh ADB atas L/C yang                guarantee from ADB for L/C issued by issuing
           mengadakan perjanjian dengan vendor untuk                  an agreement with vendors to add eMAS features                  diterbitkan oleh issuing bank.                                bank.
           menambah fitur eMAS sesuai perjanjian                      according to the 2022 Application Management
           Application Management 2022 menggunakan                    agreement using a blanket order system with a                   Skema TFFP tersebut merupakan program ADB                     TFFP scheme is a program initiated by ADB to
           system blanket order dengan nilai maksimum                 maximum contract value of 1,870 mandays. On                     untuk memfasilitasi transaksi perdagangan                     facilitate the L/C based trade transactions within
           sebanyak 1.870 mandays. Pada tanggal                       31 December 2024, out of a contract value                       berbasis L/C di negara-negara berkembang Asia                 Asian developing countries to increase the trade-
           31 Desember 2024 dari nilai kontrak sebesar                amounted to USD1,660,415.26 (full amount) the                   untuk mendorong tingkat pertumbuhan volume                    volume growth. Becoming a participant in this
           USD1.660.415,26 (nilai penuh), Bank telah                  Bank has recorded it as fixed assets amounted to                perdagangan. Dengan menjadi partisipan dalam                  program, Bank Mandiri will have an easier access
           melakukan pembukuan sebagai aset tetap                     USD1,649,906.20 (full amount) with the estimated                TFFP ini, Bank Mandiri memiliki peluang untuk                 to increase its trade volume and to open new
           sebesar USD1.649.906,20 (nilai penuh) dengan               project completion on 31 December 2024 is                       trade volume dan membuka bisnis baru                          business opportunities especially to countries in
           estimasi    penyelesaian     pada     tanggal              99.37%.                                                         khususnya dengan bank dari negara-negara                      ADB program.
           31 Desember 2024 adalah 99,37%.                                                                                            yang termasuk dalam program ADB.



PT BANK MANDIRI (PERSERO) TBK                        1692      413                                                                                                                        1693
                                                                                                                                                                                             414                                  ANNUAL REPORT 2024
Page 569
         FINANCIAL STATEMENTS 2024


                                          PT BANK MANDIRI (PERSERO) Tbk.                                                                                                           PT BANK MANDIRI (PERSERO) Tbk.
                                     DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                 DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED                  CATATAN ATAS LAPORAN KEUANGAN                                                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS                KONSOLIDASIAN                                                                                                       FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                31 DECEMBER 2024 AND 2023               31 DESEMBER 2024 DAN 2023                                                                                       31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)       (Expressed in millions of Rupiah, unless otherwise stated)        (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                              (Expressed in millions of Rupiah, unless otherwise stated)


63. PERJANJIAN, KOMITMEN             DAN   KONTINJENSI        63. SIGNIFICANT AGREEMENTS, COMMITMENTS AND                        64. STANDAR AKUNTANSI KEUANGAN BARU/REVISI                                       64. NEW   (REVISED)    FINANCIAL                                  ACCOUNTING
    PENTING (lanjutan)                                            CONTINGENCIES (continued)                                          (lanjutan)                                                                       STANDARDS (continued)
    d. Perjanjian Bancassurance Entitas Anak                         d. Subsidiary’s Bancassurance Agreement
                                                                                                                                     PSAK berlaku untuk tahun buku yang mulai sejak                                      SFAS that will become effective for annual period
         Pada tanggal 27 September 2024, Entitas Anak                   On 27 September 2024, the Subsidiary signed a                1 Januari 2025 dan penerapan dini diperbolehkan                                     beginning January 1, 2025 and early adoption is
         menandatangani        perjanjian   bancassurance               bancassurance agreement with PT Prudential                   (lanjutan):                                                                         permitted (continued):
         dengan PT Prudential Sharia Life Assurance                     Sharia Life Assurance ("Prudential Sharia Life") to
         (”Prudential Sharia Life”) untuk memasarkan,                   market, promote and reference Prudential Sharia              -    Amendemen PSAK No. 221 tentang “Pengaruh                                       -    Amendments to SFAS No. 221 on “The Effects of
         mempromosikan dan mereferensikan produk                        Life insurance products through the Bank's                        Perubahan Kurs Valuta Asing”, yang berlaku                                          Changes in Foreign Exchange Rates”, is effective
         asuransi Prudential Sharia Life melalui jaringan               distribution network. This cooperation agreement                  efektif 1 Januari 2025. Amendemen tentang                                           1 January 2025. This amendment clarifies the
         distribusi Bank. Perjanjian kerjasama ini berlaku              is effective from the date of the agreement and will              kekurangan ketertukaran. Amendemen ini                                              requirements regarding the condition where the a
         efektif sejak tanggal perjanjian dan akan terus                continue to be valid and effective until the fifteenth            memperjelas pengaturan terkait kondisi ketika                                       currency is not exchangeable and its disclosure
         berlaku dan efektif hingga tahun kelima belas (15)             (15th) year from the date of launch (March 1,
                                                                                                                                          suatu mata uang tidak tertukarkan serta
         sejak tanggal peluncuran (1 Maret 2025). Adapun                2025). The Subsidiary's obligations before the
         kewajiban Entitas Anak sebelum tanggal                         launch date related to the issuance of                            pengungkapannya.
         peluncuran terkait dengan penerbitan produk dan                insurance products       and     services    in    the
         layanan asuransi di jaringan distribusi Entitas                Subsidiary's distribution network include preparing          Grup masih dalam proses melakukan evaluasi atas                                     The Group is still in the process of evaluating the
         Anak antara lain mempersiapkan peraturan                       internal regulations, training of the Subsidiary's           dampak dari amendemen dan PSAK baru tersebut di                                     impact of the amendments and new SFAS mentioned
         internal, pelatihan pegawai Entitas Anak, rencana              employees, marketing and communication plans,                atas terhadap laporan keuangan konsolidasian Grup.                                  above to the Group's consolidated financial statements.
         pemasaran dan komunikasi serta penyesuaian                     and system adjustments.
         sistem.
                                                                                                                                 65. INFORMASI   TAMBAHAN    YANG    TIDAK                                        65. ADDITIONAL INFORMATION THAT IS NOT
64. STANDAR AKUNTANSI KEUANGAN BARU/REVISI                    64. NEW   (REVISED)           FINANCIAL        ACCOUNTING              DIPERSYARATKAN OLEH STANDAR AKUNTANSI                                            REQUIRED   BY  INDONESIAN ACCOUNTING
                                                                  STANDARDS                                                          INDONESIA                                                                        STANDARDS

     Amendemen dan Pernyataan Standar Akuntansi                  Amendments and Improvements of Indonesian                           a.   Giro Wajib Minimum (GWM), Penyangga                                            a.   Minimum Statutory Reserves, Macroprudential
     Keuangan (“PSAK”) baru yang telah disahkan oleh             Financial Accounting Standards and Interpretations that                  Likuiditas Makroprudensial (PLM), dan Rasio                                         Liquidity    Buffer, and    Macroprudential
     Dewan Standar Akuntansi Keuangan (“DSAK”) -                 are issued by the Indonesian Financial Accounting                        Intermediasi Makroprudensial (RIM)                                                  Intermediation Ratio
     Ikatan Akuntan Indonesia (“IAI”), tetapi belum berlaku      Standards Board (“FASB”) - Institute of Indonesia
     efektif untuk laporan keuangan selama periode               Chartered Accountants (“IAI”), but not yet effective for                 Pada tanggal 31 Desember 2024 dan 2023 rasio                                        As of 31 December 2024 and 2023, the Rupiah
     berjalan diungkapkan di bawah ini. Grup bermaksud           current year financial statements are disclosed below.                   Giro Wajib Minimum (“GWM”) Rupiah dan Mata                                          and Foreign Currency Minimum Statutory
     untuk menerapkan amendemen dan penyesuaian                  The Group intends to adopt these standards, if
                                                                                                                                          Uang Asing serta rasio Penyangga Likuiditas                                         Reserves (“GWM”) ratios and the Macroprudential
     PSAK tersebut, jika dipandang relevan, saat telah           applicable, when they become effective.
     menjadi efektif.                                                                                                                     Makroprudensial (“PLM”) yang harus dipenuhi                                         Liquidity Buffer (“PLM”) ratios that must be met by
                                                                                                                                          Bank adalah sebagai berikut:                                                        the Bank are as follows:
     PSAK berlaku untuk tahun buku yang mulai sejak              SFAS that will become effective for annual period
     1 Januari 2025 dan penerapan dini diperbolehkan:            beginning 1 January 2025 and early adoption is                                                                                      2024                          2023
                                                                 permitted:
                                                                                                                                          Rupiah                                                                                                                             Rupiah
     -    Amendemen PSAK 117 “Kontrak Asuransi                   -       Amendment of SFAS 117 “Insurance Contracts on                                                                                                                                    Primary Minimum Statutory
          tentang Penerapan Awal PSAK 117 dan PSAK                      Initial Application of SFAS 117 and SFAS 109 -                    GWM*)                                                                5,00%                      6,30%                        Reserve*)
          109 - Informasi Komparatif”                                   Comparative Information”.                                         (i) GWM secara harian                                                0,00%                      0,00% (i) Daily Minimum Statutory Reserve
                                                                                                                                                                                                                                                     (ii) Average Minimum Statutory
          Status implementasi program                                   Status of the implementation program                              (ii) GWM secara rata-rata                                            5,00%                      6,30%                         Reserve
                                                                                                                                          Penyangga Likuiditas                                                                                              Macroprudential Liquidity
          Adopsi PSAK 117 akan membuat perubahan                        The adoption of PSAK 117 will result in significant                   Makroprudensial                                                  5,00%                      5,00%                           Buffer
          akuntansi yang signifikan, dengan dampak pada                 accounting changes, with an impact on the
          laporan posisi keuangan dan laporan laba rugi                 subsidiary’s financial statements of financial                    Mata uang asing                                                                                                          Foreign currencies
          Entitas Anak.                                                 position and statement of profit or loss.
                                                                                                                                                                                                                                                           Primary Minimum Statutory
                                                                                                                                          GWM                                                                  4,00%                      4,00%                          Reserve
          Proses implementasi saat ini difokuskan pada                  The implementation process is currently focused
          evaluasi     dampak    implementasi   termasuk                on evaluating the impact of the implementation                    (i) GWM secara harian                                                2,00%                      2,00% (i) Daily Minimum Statutory Reserve
          membentuk kembali metodologi, pemodelan,                      including reshaping the methodology, modelling,                                                                                                                              (ii) Average Minimum Statutory
          sistem     informasi,   akuntansi,  pelaporan,                information systems, accounting, reporting,                       (ii) GWM secara rata-rata                                            2,00%                      2,00%                          Reserve
          pengendalian internal, dan lain-lain serta                    internal control, etc and building the comparative
                                                                                                                                           *)   Bank melakukan penyediaan dana untuk kegiatan ekonomi                         *)   The Bank provides funding for specific and inclusive economic
          membangun informasi komparatif tahun 2024                     2024      information      applying     transitional                    tertentu dan inklusif, sehingga Bank mendapatkan insentif                          activities, allowing the Bank to receive incentives in the form of Rupiah
          dengan menerapkan persyaratan transisi pada                   requirements on both standards. Although the                            berupa kelonggaran GWM dalam Rupiah pada tanggal                                   Minimum Statutory Reserves (“GWM”) leniency at 4.00% and 2.70%
          kedua standar tersebut. Meskipun pekerjaan ini                work is well advance, it is not finalized as of the                     31 Desember 2024 dan 2023 masing-masing sebesar 4,00% dan                          on 31 December 2024 and 2023, respectively. The Rupiah Minimum
                                                                                                                                                2,70%. GWM dalam Rupiah yang harus dipenuhi Bank pada                              Statutory Reserves (“GWM”) that the Bank requires to meet which
          telah berjalan dengan baik, namun belum final                 date of the publication of this Financial                               tanggal 31 Desember 2024 dan 2023 yang seharusnya masing-                          should have been 9.00% each on 31 December 2024 and 2023 with a
          pada tanggal publikasi Laporan Keuangan ini.                  Statements.                                                             masing sebesar 9,00% dengan ketentuan harian 0,00% dan                             daily requirement of 0.00% and an average of 9.00%, has been
                                                                                                                                                rata-rata 9,00% menjadi sebesar 5,00% pada tanggal                                 reduced to 5.00% on 31 December 2024, with a daily requirement of
                                                                                                                                                31 Desember 2024 dengan ketentuan harian 0,00% dan rata-rata                       0.00% and an average of 5.00% and has been reduced to 6.30% on
                                                                                                                                                5,00%, menjadi sebesar 6,30% pada tanggal 31 Desember 2023                         31 December 2023, with a daily requirement of 0.00% and an average
                                                                                                                                                dengan ketentuan harian 0,00% dan rata-rata 6,30%.                                 of 6.30%.




PT BANK MANDIRI (PERSERO) TBK                        1694      415                                                                                                                                              1695
                                                                                                                                                                                                                   416                                                      ANNUAL REPORT 2024
Page 570
          FINANCIAL STATEMENTS 2024


                                                     PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                  PT BANK MANDIRI (PERSERO) Tbk.
                                                DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                        DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
                                                                                                                                                                        CATATAN ATAS LAPORAN KEUANGAN                                                                                              NOTES TO THE CONSOLIDATED
CATATAN ATAS LAPORAN KEUANGAN                                                                              NOTES TO THE CONSOLIDATED
                                                                                                                                                                        KONSOLIDASIAN                                                                                                                     FINANCIAL STATEMENTS
KONSOLIDASIAN                                                                                                     FINANCIAL STATEMENTS
                                                                                                                                                                        31 DESEMBER 2024 DAN 2023                                                                                                     31 DECEMBER 2024 AND 2023
31 DESEMBER 2024 DAN 2023                                                                                     31 DECEMBER 2024 AND 2023
                                                                                                                                                                        (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                            (Expressed in millions of Rupiah, unless otherwise stated)
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                            (Expressed in millions of Rupiah, unless otherwise stated)

                                                                                                                                                                        65. INFORMASI      TAMBAHAN YANG    TIDAK                                                         65. ADDITIONAL INFORMATION THAT IS NOT
65. INFORMASI      TAMBAHAN YANG    TIDAK                                          65. ADDITIONAL INFORMATION THAT IS NOT
                                                                                                                                                                            DIPERSYARATKAN OLEH STANDAR AKUNTANSI                                                             REQUIRED   BY     INDONESIAN ACCOUNTING
    DIPERSYARATKAN OLEH STANDAR AKUNTANSI                                              REQUIRED   BY     INDONESIAN ACCOUNTING
                                                                                                                                                                            INDONESIA (lanjutan)                                                                              STANDARDS (continued)
    INDONESIA (lanjutan)                                                               STANDARDS (continued)
                                                                                                                                                                            b.   Posisi Devisa Neto (PDN)                                                                     b.     Net Open Position (NOP)
     a.    Giro Wajib Minimum (GWM), Penyangga                                          a.   Minimum Statutory Reserves, Macroprudential
           Likuiditas Makroprudensial (PLM), dan Rasio                                       Liquidity    Buffer,    and     Macroprudential                                     Posisi devisa neto Bank Mandiri saja                                                                    Net open position of Bank Mandiri by currencies
           Intermediasi Makroprudensial (RIM) (lanjutan)                                     Intermediation Ratio (continued)                                                    berdasarkan mata uang (dinyatakan dalam                                                                 (expressed in Rupiah) as of 31 December 2024 as
                                                                                                                                                                                 Rupiah) pada tanggal 31 Desember 2024 adalah                                                            follows:
           Pada tanggal 31 Desember 2024 dan 2023, Bank                                      As of 31 December 2024 and 2023, the Bank has                                       sebagai berikut:
           telah memenuhi rasio sesuai ketentuan di atas.                                    fulfilled the ratio as mentioned above. The Rupiah
                                                                                                                                                                                                                                                                                                     Posisi devisa
           Rasio GWM Rupiah dan Valuta Asing serta PLM                                       and Foreign Currencies Minimum Statutory                                                                                                               Aset/                  Liabilitas/                   neto/
           (Bank Mandiri saja) yaitu masing-masing                                           Reserves Ratio and Macroprudential Liquidity                                                              Mata uang                                   Assets                  Liabilities             Net open position                             Currency
           sebesar:                                                                          Buffer Ratio (Bank Mandiri only), are as follows:
                                                                                                                                                                                 KESELURUHAN (LAPORAN                                                                                                                                   OVERALL (STATEMENT OF
                                                                                                                                                                                   POSISI KEUANGAN                                                                                                                                         FINANCIAL POSITION
                                                                      2024                      2023                                                                               DAN REKENING                                                                                                                                           AND ADMINISTRATIVE
                                                                                                                                                                                   ADMINISTRATIF)***)                                                                                                                                            ACCOUNTS)***)
           Rupiah                                                                                                                          Rupiah
                                                                                                                        Primary Minimum Statutory                                       Dolar Amerika Serikat                                        635.657.537             637.357.047                       1.699.510                      United States Dollar
                                                                                                                                                                                        Euro Eropa                                                    13.464.091              13.380.144                          83.947                            European Euro
           GWM                                                                  5,21%                 7,32%                           Reserve                                           Dolar Singapura                                                5.334.006               5.581.912                         247.906                           Singapore Dollar
           (i) GWM secara harian*)                                              0,00%                 0,00% (i) Daily Minimum Statutory Reserve*)                                       Yen Jepang                                                    11.001.825              11.031.642                          29.817                             Japanese Yen
                                                                                                                  (ii) Average Minimum Statutory                                        Dolar Australia                                                1.653.860               1.673.032                          19.172                           Australian Dollar
                                                                                                                                                                                        Pound Sterling Inggris                                         1.738.946               1.777.549                          38.603               Great Britain Pound Sterling
           (ii) GWM secara rata-rata                                            5,21%                 7,32%                           Reserve                                           Dolar Hong Kong                                                  224.924                 147.959                          76.965                         Hong Kong Dollar
           Penyangga Likuiditas                                                                                          Macroprudential Liquidity                                      Lain-lain                                                     13.039.651              13.185.410                        246.623*)                                    Others
               Makroprudensial                                                  9,17%                19,25%                             Buffer                                   Total                                                                                                                         2.442.543                                                Total

           Mata uang asing                                                                                                      Foreign currencies
                                                                                                                        Primary Minimum Statutory                                LAPORAN POSISI                                                                                                                                                    STATEMENT OF
                                                                                                                                                                                   KEUANGAN                                                                                                                                                  FINANCIAL POSITION
           GWM                                                                  4,10%                  4,10%                            Reserve
           (i) GWM secara harian**)                                             2,00%                  2,00% (i)Daily Minimum Statutory Reserve**)                                      Dolar Amerika Serikat                                        410.904.503             426.291.921                    (15.387.418)                        United State Dollar
                                                                                                                                                                                        Euro Eropa                                                    12.743.354               5.153.421                       7.589.933                            European Euro
                                                                                                                   (ii) Average Minimum Statutory                                       Dolar Singapura                                                3.588.558               2.499.139                       1.089.419                           Singapore Dollar
           (ii) GWM secara rata-rata                                            2,10%                  2,10%                        Reserve                                         Yen Jepang                                                     6.060.325               5.412.973                         647.352                             Japanese Yen
                                                                                                                                                                                        Dolar Australia                                                1.614.807                 423.946                       1.190.861                           Australian Dollar
           *)    Realisasi GWM harian Rupiah posisi 31 Desember 2024 dan 2023                *) Realization of daily Rupiah minimum statutory reserve as of                             Pound Sterling Inggris                                         1.605.504                 263.993                       1.341.511               Great Britain Pound Sterling
                 masing-masing sebesar 5,21% dan 7,32%.                                          31 December 2024 and 2023 were 5.21% dan 7.32%, respectively.                          Dolar Hong Kong                                                  202.391                  67.390                         135.001                         Hong Kong Dollar
           **)   Realisasi GWM harian Mata Uang Asing posisi 31 Desember 2024                **) Realization of daily foreign currencies minimum statutory reserve as                   Lain-lain                                                      8.585.946               8.207.107                         378.839**)                                  Others
                 dan 2023 masing-masing sebesar 4,10% dan 4,10%.                                 of 31 December 2024 and 2023 were 4.10% and 4.10%, respectively.
                                                                                                                                                                                 Total                                                                                                                        (3.014.502)                                               Total
          Pada tanggal 31 Desember 2024 dan 2023, Bank                                       As of 31 December 2024 and 2023, the Bank is
                                                                                                                                                                                 Total Modal (Catatan 65c)                                                                                                  244.258.632                        Total Capital (Note 65c)
          berkewajiban untuk melakukan pemenuhan Giro                                        obliged to fulfill the RIM Current Account of 0.25%
          RIM masing-masing sebesar 0,25% dan 0,68%                                          and 0.68%, respectively, and the Bank has fulfilled
                                                                                                                                                                                 Rasio PDN (laporan posisi                                                                                                                           NOP ratio (statement of financial
          dan Bank telah melakukan pemenuhan kewajiban                                       these obligations.
                                                                                                                                                                                   keuangan)                                                                                                                       (1,23%)                               position)
          tersebut.                                                                                                                                                              Rasio PDN (keseluruhan)                                                                                                            1,00%                          NOP ratio (overall)


           Pada tanggal 31 Desember 2024 (Bank Mandiri                                       As of 31 December 2024 (Bank Mandiri only), the                                     Rasio PDN pada tanggal 31 Desember 2024 jika                                                        Net Open Position ratio as of 31 December 2024 if
                                                                                                                                                                                 menggunakan modal bulan November 2024                                                               calculated using November 2024 capital as follows:
           saja), posisi GWM Rupiah rata - rata adalah                                       Bank maintained average Rupiah GWM of 5.21%
                                                                                                                                                                                 adalah sebagai berikut:
           sebesar 5,21% dari total DPK Rupiah, sesuai                                       from total outstanding deposit from customers
           dengan limit yang telah ditetapkan, sedangkan                                     denominated in Rupiah in accordance with the                                        Modal bulan November 2024/November 2024 Capital                                                                                                                              240.756.495
           untuk Giro RIM adalah sebesar 0,25% dan PLM                                       regulated limit, while for RIM disincentive ratio is                                Rasio PDN (laporan posisi keuangan)/NOP ratio (Statement of financial position)                                                                                                   (1,25%)
                                                                                                                                                                                 Rasio PDN (keseluruhan)***) /NOP ratio (overall)
                                                                                                                                                                                                                                 ***)
           adalah sebesar 9,17% dari total DPK Rupiah.                                       0.25% and PLM ratio of 9.17% from the                                                                                                                                                                                                                                  1,01%

           Sementara untuk posisi GWM valas rata-rata                                        outstanding deposit from customer denominated in                                    *)
                                                                                                                                                                                        Merupakan penjumlahan absolut dari selisih antara aset dan liabilitas beberapa               *)
                                                                                                                                                                                                                                                                                            Represents total absolute amount of difference between assets and liabilities from
                                                                                                                                                                                        mata uang asing lainnya.                                                                            other foreign currencies.
           adalah sebesar 4,10% dari total DPK valuta asing                                  Rupiah. Meanwhile for the foreign currency, the                                     **)
                                                                                                                                                                                        Merupakan penjumlahan dari selisih antara aset dan liabilitas beberapa mata                  **)
                                                                                                                                                                                                                                                                                            Represents total amount of difference between assets and liabilities from other
           sesuai dengan limit yang ditetapkan.                                              Bank maintained average foreign exchange GWM                                        ***)
                                                                                                                                                                                        uang asing lainnya.
                                                                                                                                                                                        Perhitungan posisi devisa neto bank berdasarkan pada Peraturan Bank                          ***)
                                                                                                                                                                                                                                                                                            foreign currencies.
                                                                                                                                                                                                                                                                                            The calculation of Bank’s net open position is based on Bank Indonesia’s regulation
                                                                                             at 4.10% from the outstanding deposits from                                                Indonesia No. 12/10/PBI/2010 tanggal 1 Juli 2010 dan Peraturan Bank Indonesia                       No. 12/10/PBI/2010 dated 1 July 2010 and Bank Indonesia’s regulation No.
                                                                                                                                                                                        No. 17/5/PBI/2015 tanggal 29 Mei 2015 tentang Perubahan Keempat atas                                17/5/PBI/2015 dated 29 May 2015 regarding the Fourth amendment of Bank
                                                                                             customer denominated in foreign currency in                                                Peraturan Bank Indonesia No. 5/13/PBI/2003 tentang Posisi Devisa Neto Bank                          Indonesia’s regulation No. 5/13/PBI/2003 regarding net open position for
                                                                                                                                                                                        Umum. Berdasarkan peraturan tersebut, mulai tanggal 1 Juli 2010, Bank hanya                         Commercial Banks. Under the regulation, starting on 1 July 2010, the Bank is only
                                                                                             accordance with the regulated limit.                                                       diwajibkan untuk menjaga posisi devisa neto secara keseluruhan maksimum                             required to keep the net open position of a maximum of 20% of total capital.
                                                                                                                                                                                        20% dari total modal.




PT BANK MANDIRI (PERSERO) TBK                                         1696          417                                                                                                                                                                                  1697
                                                                                                                                                                                                                                                                            418                                                           ANNUAL REPORT 2024
Page 571
          FINANCIAL STATEMENTS 2024


                                                               PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                                     PT BANK MANDIRI (PERSERO) Tbk.
                                                          DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                                           DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                              NOTES TO THE CONSOLIDATED                                                      CATATAN ATAS LAPORAN KEUANGAN                                                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                     FINANCIAL STATEMENTS                                                    KONSOLIDASIAN                                                                                                              FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                                     31 DECEMBER 2024 AND 2023                                                   31 DESEMBER 2024 DAN 2023                                                                                              31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                            (Expressed in millions of Rupiah, unless otherwise stated)                                            (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                     (Expressed in millions of Rupiah, unless otherwise stated)

65. INFORMASI      TAMBAHAN YANG    TIDAK                                                          65. ADDITIONAL INFORMATION THAT IS NOT                                                                 65. INFORMASI      TAMBAHAN YANG    TIDAK                                                 65. ADDITIONAL INFORMATION THAT IS NOT
    DIPERSYARATKAN OLEH STANDAR AKUNTANSI                                                              REQUIRED   BY     INDONESIAN ACCOUNTING                                                                DIPERSYARATKAN OLEH STANDAR AKUNTANSI                                                     REQUIRED   BY     INDONESIAN ACCOUNTING
    INDONESIA (lanjutan)                                                                               STANDARDS (continued)                                                                                  INDONESIA (lanjutan)                                                                      STANDARDS (continued)
     b.    Posisi Devisa Neto (PDN) (lanjutan)                                                        b.     Net Open Position (NOP) (continued)                                                                c.     Kewajiban Penyediaan                      Modal         Minimum                    c.    Capital Adequacy Ratio (continued)
                                                                                                                                                                                                                       (KPMM) (lanjutan)
           Posisi devisa neto Bank Mandiri saja                                                              Net open position of Bank Mandiri by currencies
           berdasarkan mata uang (dinyatakan dalam                                                           (expressed in Rupiah) as of 31 December 2023 as                                                           Dalam perhitungan kecukupan modal, Bank                                                  In calculating capital adequacy, the Bank refers to
           Rupiah) pada tanggal 31 Desember 2023 adalah                                                      follows:                                                                                                  mengacu pada POJK No. 11/POJK.03/2016                                                    POJK No. 11/POJK.03/2016 regarding Minimum
           sebagai berikut:                                                                                                                                                                                            tentang Kewajiban Penyediaan Modal Minimum                                               Capital Adequacy Requirement for Commercial
                                                                                                                                                                                                                       Bank Umum yang diubah oleh POJK No.                                                      Banks,      as    amended      by     POJK     No.
                                                                                                                             Posisi devisa                                                                             34/POJK.03/2016      dan     POJK       No.                                              34/POJK.03/2016          and       POJK        No.
                                                                              Aset/                Liabilitas/                   neto/                                                                                 27/POJK.03/2022.                                                                         27/POJK.03/2022.
                                 Mata uang                                   Assets                Liabilities             Net open position                             Currency

           KESELURUHAN (LAPORAN                                                                                                                                 OVERALL (STATEMENT OF                                  Untuk perhitungan Aset Tertimbang Menurut                                                For the calculation of Risk-Weighted Assets
             POSISI KEUANGAN                                                                                                                                       FINANCIAL POSITION                                  Risiko (ATMR), Bank menggunakan Pendekatan                                               (RWA), the Bank employs Standardized Approach
             DAN REKENING                                                                                                                                         AND ADMINISTRATIVE                                   Standar yang mengacu kepada Basel III Reforms                                            in   accordance    with   Basel     III   Reforms
             ADMINISTRATIF)***)                                                                                                                                          ACCOUNTS)***)                                 (Standardized Approach) untuk Risiko Kredit,                                             (Standardized Approach) for Credit Risk, Market
                  Dolar Amerika Serikat                                        658.885.858           658.829.939                          55.919                      United States Dollar                             Risiko Pasar dan Risiko Operasional. Untuk                                               Risk, and Operational Risk. For Market Risk, the
                  Euro Eropa                                                    17.924.221            16.122.873                       1.801.348                            European Euro                              Risiko Besar, Bank juga secara internal                                                  Bank also employs Value at Risk internally.
                  Dolar Singapura                                                3.594.607             3.438.009                         156.598                           Singapore Dollar                            menggunakan Value at Risk.
                  Yen Jepang                                                    17.300.152            17.588.924                         288.772                             Japanese Yen
                  Dolar Australia                                                1.689.872             1.670.540                          19.332                           Australian Dollar
                  Pound Sterling Inggris                                         1.449.552             1.342.238                         107.314               Great Britain Pound Sterling                            Hasil perhitungan ATMR (Kredit, Operasional,                                             The calculation result of RWA (Credit, Operational,
                  Dolar Hong Kong                                                  106.466               211.512                         105.046                         Hong Kong Dollar                              dan Pasar) serta Rasio Kecukupan Modal pada                                              and Market) and Capital Adequacy Ratio (CAR) as
                  Lain-lain                                                     14.744.111            14.527.848                         296.025*)                                   Others                            tanggal 31 Desember 2024 dan 2023 (Bank                                                  of 31 December 2024 and 2023 (Bank Mandiri
           Total                                                                                                                       2.830.354                                                Total                  Mandiri saja) adalah sebagai berikut:                                                    only) are as follows:
                                                                                                                                                                                                                                                                                      2024                         2023
           LAPORAN POSISI                                                                                                                                                  STATEMENT OF
             KEUANGAN                                                                                                                                                FINANCIAL POSITION
                                                                                                                                                                                                                       Modal:                                                                                                                                          Capital:
                  Dolar Amerika Serikat                                        528.192.185           525.158.737                       3.033.448                        United State Dollar                             Modal inti                                                   229.932.670                  209.724.274                                     Core capital
                  Euro Eropa                                                    16.242.207             9.062.486                       7.179.721                            European Euro                               Modal pelengkap                                               14.325.962                   12.264.005                             Supplementary capital
                  Dolar Singapura                                                2.935.575             3.119.047                       (183.472)                           Singapore Dollar
                  Yen Jepang                                                     6.194.585             7.269.832                     (1.075.247)                             Japanese Yen
                  Dolar Australia                                                1.612.334               567.094                       1.045.240                           Australian Dollar                              Jumlah modal untuk risiko kredit,                                                                                         Total capital for credit risk,
                  Pound Sterling Inggris                                           849.372               309.567                         539.805               Great Britain Pound Sterling                                 risiko operasional, dan                                                                                                     operational risk, and
                  Dolar Hong Kong                                                  106.466               103.794                           2.672                         Hong Kong Dollar
                  Lain-lain                                                     12.294.149            11.080.137                      1.214.012**)                                   Others                                 risiko pasar                                             244.258.632                  221.988.279                                      market risk
           Total                                                                                                                      11.756.179                                                Total
                                                                                                                                                                                                                          Aset Tertimbang Menurut Risiko
           Total Modal (Catatan 65c)                                                                                                221.988.279                        Total Capital (Note 65c)                             (ATMR) kredit1                                        1.132.192.033                   964.706.719               Risk-Weighted Assets for credit1
                                                                                                                                                                                                                          Aset Tertimbang Menurut Risiko                                                                                          Risk-Weighted Assets for
           Rasio PDN (laporan posisi                                                                                                                         NOP ratio (statement of financial                              (ATMR) operasional2                                        62.675.961                   58.720.278                              operational2
             keuangan)                                                                                                                      5,30%                                position)                                Aset Tertimbang Menurut Risiko                                                                                          Risk-Weighted Assets for
           Rasio PDN (keseluruhan)                                                                                                          1,28%                          NOP ratio (overall)                              (ATMR) pasar3                                              20.289.449                    9.980.215                                   market3
           Rasio PDN pada tanggal 31 Desember 2023 jika                                                      Net Open Position ratio as of 31 December 2023 if
           menggunakan modal bulan November 2023                                                             calculated using November 2023 capital as follows:                                                           Jumlah ATMR untuk risiko kredit,                                                                   Total Risk-Weighted Assets for credit,
           adalah sebagai berikut:                                                                                                                                                                                          risiko operasional, dan                                                                                        operational risk, and
                                                                                                                                                                                                                            risiko pasar                                          1.215.157.443                1.033.407.212                        market risk
           Modal bulan November 2023/November 2023 Capital                                                                                                                            214.772.668
           Rasio PDN (laporan posisi keuangan)/NOP ratio (Statement of financial position)                                                                                                 5,47%
           Rasio PDN (keseluruhan)***) /NOP ratio (overall)
                                                           ***)
                                                                                                                                                                                           1,32%                                                                                      2024                         2023
           *)
                  Merupakan penjumlahan absolut dari selisih antara aset dan liabilitas beberapa             *)
                                                                                                                    Represents total absolute amount of difference between assets and liabilities from                 CAR untuk modal inti                                                 18,92%                       20,29%                 CAR for core capital
                  mata uang asing lainnya.                                                                          other foreign currencies.
           **)
                  Merupakan penjumlahan dari selisih antara aset dan liabilitas beberapa mata                **)
                                                                                                                    Represents total amount of difference between assets and liabilities from other                    CAR untuk risiko kredit,                                                                                                  CAR for credit risk,
                  uang asing lainnya.                                                                               foreign currencies.
           ***)
                  Perhitungan posisi devisa neto bank berdasarkan pada Peraturan Bank
                  Indonesia No. 12/10/PBI/2010 tanggal 1 Juli 2010 dan Peraturan Bank Indonesia
                                                                                                             ***)
                                                                                                                    The calculation of Bank’s net open position is based on Bank Indonesia’s regulation
                                                                                                                    No. 12/10/PBI/2010 dated 1 July 2010 and Bank Indonesia’s regulation No.
                                                                                                                                                                                                                        operasional dan pasar                                               20,10%                       21,48%   operational risk and market risk
                  No. 17/5/PBI/2015 tanggal 29 Mei 2015 tentang Perubahan Keempat atas
                  Peraturan Bank Indonesia No. 5/13/PBI/2003 tentang Posisi Devisa Neto Bank
                                                                                                                    17/5/PBI/2015 dated 29 May 2015 regarding the Fourth amendment of Bank
                                                                                                                    Indonesia’s regulation No. 5/13/PBI/2003 regarding net open position for
                                                                                                                                                                                                                       CAR minimum modal inti4                                               6,00%                        6,00%        Minimum CAR core capital4
                  Umum. Berdasarkan peraturan tersebut, mulai tanggal 1 Juli 2010, Bank hanya
                  diwajibkan untuk menjaga posisi devisa neto secara keseluruhan maksimum
                                                                                                                    Commercial Banks. Under the regulation, starting on 1 July 2010, the Bank is only
                                                                                                                    required to keep the net open position of a maximum of 20% of total capital.                       CAR minimum sesuai profil risiko5                                     9,69%                        9,76% Minimum CAR based on risk profile5
                  20% dari total modal.
                                                                                                                                                                                                                       Rasio    kecukupan    modal    Bank   secara                                            The Bank’s capital adequacy ratio on a
     c.    Kewajiban                 Penyediaan                Modal           Minimum                c.     Capital Adequacy Ratio                                                                                    konsolidasian pada tanggal 31 Desember 2024                                             consolidated basis as of 31 December 2024 and
           (KPMM)                                                                                                                                                                                                      dan 2023 dengan memperhitungkan risiko kredit,                                          2023 including credit risk, operational risk and
                                                                                                                                                                                                                       operasional dan pasar masing-masing adalah                                              market risk are 20.82% and 21.99%, respectively.
           Pengelolaan risiko melalui modal                                                                  Capital risk management                                                                                   20,82% dan 21,99%.
           Kebijakan permodalan Bank Mandiri adalah                                                          Bank Mandiri's capital policy is prudently to comply
           secara prudent memenuhi regulatory capital                                                        with the regulatory capital requirement, to diversify                                        1 Mengacu pada SEOJK No. 24/SEOJK.03/2021 tentang Pedoman Perhitungan ATMR untuk Risiko Kredit dengan Menggunakan Pendekatan Standar, SEOJK No. 48/SEOJK.03/2017 tentang
           requirement, melakukan diversifikasi sumber                                                       its capital resources to anticipate long-term strategic                                        Pedoman Perhitungan Tagihan Bersih Transaksi Derivatif dalam Perhitungan Aset Tertimbang Menurut Risiko untuk Risiko Kredit Dengan Menggunakan Pendekatan Standar dan POJK No.
           permodalan untuk mengantisipasi rencana                                                           plans and to efficiently allocate capital to business                                          11/POJK.03/2019 tentang Prinsip Kehati-hatian dalam Aktivitas Sekuritisasi Aset Bagi Bank Umum./Referring to SEOJK No. 24/SEOJK.03/2021 regarding Guidelines for Calculation of
                                                                                                                                                                                                            Risk Weighted Assets (“RWA”) for Credit Risk Using the Standardized Approach, SEOJK No. 48/SEOJK.03/2017 regarding Guidelines for Calculation of Net Receivables of Derivative
           strategis jangka panjang dan mengalokasikan                                                       segments that have the potential to provide an                                                 Transactions in Risk-Weighted Asset Calculations for Credit Risk Using the Standardized Approach and POJK No. 11/POJK.03/2019 regarding Prudential Principles in Assets
           modal secara efisien pada segmen bisnis yang                                                      optimal risk-return profile, including placement and                                           Securitization Activities for Commercial Banks.
           memiliki potensi untuk memberikan profil risk-                                                    investment in Subsidiaries in order to meet                                                  2 Mengacu pada SEOJK No. 6/SEOJK.03/2020 tentang Perhitungan ATMR untuk Risiko Operasional dengan Menggunakan Pendekatan Standar Bagi Bank Umum./Referring to SEOJK
           return yang optimal, termasuk penempatan dan                                                      stakeholder’s expectations including investors and                                             No. 6/SEOJK.03/2020 regarding Calculation of Risk-Weighted Assets for Operational Risk Using the Standardized Approach for Commercial Banks.
           penyertaan pada Entitas Anak dalam rangka                                                         regulators.                                                                                  3 Mengacu pada SEOJK No. 38/SEOJK.03/2016 tentang Pedoman Penggunaan Metode Standar dalam Perhitungan Kewajiban Penyediaan Modal Minimum Bank Umum dengan
           memenuhi ekspektasi stakeholder termasuk                                                                                                                                                         Memperhitungkan Risiko Pasar./Referring to SEOJK No. 38/SEOJK.03/2016 regarding Guidelines for the Use of Standardized Method in Calculation of Minimum Capital Adequacy
           investor dan regulator.                                                                                                                                                                          Requirement for Commercial Banks by Taking Market Risk Into Account.
                                                                                                                                                                                                          4 Berdasarkan POJK No. 27/POJK.03/2022 tentang Perubahan kedua atas POJK Nomor 11/POJK.03/2016 tentang Kewajiban Penyediaan Modal Minimum Bank Umum, Bank wajib
           Bank Mandiri memastikan memiliki kecukupan                                                        Bank Mandiri ensures it has sufficient capital to                                              menyediakan modal inti paling rendah sebesar 6% (enam persen) dari ATMR baik secara individu maupun konsolidasi dengan perusahaan anak./Based on POJK
           modal untuk dapat memenuhi risiko kredit, risiko                                                  cover credit risk, market risk and operational risk,                                           No. 27/POJK.03/2022 concerning the second amendment to POJK Number 11/POJK.03/2016 concerning Minimum Capital Requirements for Commercial Banks, Banks are required to
                                                                                                                                                                                                            provide core capital of at least 6% (six percent) of RWA both individually and consolidated with subsidiary company.
           pasar dan risiko operasional, baik dalam                                                          both in supporting business growth in normal                                                 5 CAR minimum untuk risiko-risiko utama Pillar 1 dan risiko-risiko tambahan Pillar 2 (capital add-on) berdasarkan metode Internal Capital Adequacy Assessment Process (ICAAP)./
           mendukung pertumbuhan bisnis pada kondisi                                                         conditions and anticipating stress conditions.                                                 Minimum CAR for Pillar 1 main risks and Pillar 2 additional risks (capital add-on) based on the Internal Capital Adequacy Assessment Process (ICAAP) method.
           normal maupun untuk mengantisipasi terjadinya
           kondisi stress.

PT BANK MANDIRI (PERSERO) TBK                                                         1698          419                                                                                                                                                                                         1699
                                                                                                                                                                                                                                                                                                   420                                                     ANNUAL REPORT 2024
Page 572
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                 PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                       DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED               CATATAN ATAS LAPORAN KEUANGAN                                                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS             KONSOLIDASIAN                                                                                                               FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                    31 DECEMBER 2024 AND 2023            31 DESEMBER 2024 DAN 2023                                                                                               31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)     (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                      (Expressed in millions of Rupiah, unless otherwise stated)

                                                                                                                                  65. INFORMASI      TAMBAHAN YANG    TIDAK                                                  65. ADDITIONAL INFORMATION THAT IS NOT
65. INFORMASI      TAMBAHAN YANG    TIDAK                       65. ADDITIONAL INFORMATION THAT IS NOT                                DIPERSYARATKAN OLEH STANDAR AKUNTANSI                                                      REQUIRED   BY     INDONESIAN ACCOUNTING
    DIPERSYARATKAN OLEH STANDAR AKUNTANSI                           REQUIRED   BY     INDONESIAN ACCOUNTING                           INDONESIA (lanjutan)                                                                       STANDARDS (continued)
    INDONESIA (lanjutan)                                            STANDARDS (continued)
                                                                                                                                      i.   Kredit      yang       Diberikan                                       dan                i.      Loans and Sharia Receivables/Financing
     d.    Giro pada Bank Lain                                        d.   Current Accounts With Other Banks                               Piutang/Pembiayaan Syariah

           Berdasarkan kolektibilitas sesuai POJK:                         By collectability based on FSA regulation:                      1. Kredit yang diberikan dan piutang/pembiayaan                                                   1. Details of loans and sharia receivables/financing:
                                                                                                                                              syariah terdiri atas:
                                                     2024                    2023
                                                                                                                                             a. Berdasarkan jenis dan kolektibilitas sesuai                                                     a. By type and collectability based on POJK:
                                                                                                                                                POJK:
           Lancar                                    46.668.439              36.606.090                                 Current
                                                                                                                                                                                                                                     2024
           Dikurangi: cadangan kerugian                                                                     Less: allowance for                                                                         Dalam
             penurunan nilai                               (30.755)              (32.205)                  impairment losses                                                                          perhatian
                                                                                                                                                                                                       khusus/           Kurang
                                                                                                                                                                                      Lancar/          Special           lancar/            Diragukan/              Macet/
           Neto                                      46.637.684              36.573.885                                    Net                                                        Current         mention          Substandard           Doubtful               Loss               Total

                                                                                                                                                   Rupiah                                                                                                                                                                Rupiah
                                                                                                                                                      Modal kerja                      397.863.732      19.284.340           473.179              623.199             3.874.238       422.118.688              Working capital
     e.    Penempatan pada Bank Indonesia dan Bank                    e.   Placements with Bank Indonesia and Other                                   Investasi*)
                                                                                                                                                      Konsumen
                                                                                                                                                                                       338.969.128
                                                                                                                                                                                       322.937.142
                                                                                                                                                                                                         6.648.747
                                                                                                                                                                                                        10.488.337
                                                                                                                                                                                                                             184.330
                                                                                                                                                                                                                           1.653.269
                                                                                                                                                                                                                                                  103.869
                                                                                                                                                                                                                                                1.890.241
                                                                                                                                                                                                                                                                      3.171.480
                                                                                                                                                                                                                                                                      3.453.096
                                                                                                                                                                                                                                                                                      349.077.554
                                                                                                                                                                                                                                                                                      340.422.085
                                                                                                                                                                                                                                                                                                                 Investment*)
                                                                                                                                                                                                                                                                                                                   Consumer
           Lain                                                            Banks                                                                      Program pemerintah                89.605.652       2.247.823           358.355              324.076               351.927        92.887.833         Government program
                                                                                                                                                      Sindikasi**)                      72.899.306         511.981                 -                    -                     -        73.411.287               Syndication**)
                                                                                                                                                      Karyawan                          48.620.514         172.074               500                1.044                11.652        48.805.784                 Employees
           Berdasarkan kolektibilitas sesuai POJK:                         By collectability based on FSA regulation:                                 Ekspor                            11.081.146          29.904                 -                    -                 1.777        11.112.827                      Export
                                                                                                                                                   Total                             1.281.976.620      39.383.206         2.669.633            2.942.429            10.864.170      1.337.836.058                           Total
                                                     2024                    2023
                                                                                                                                                   Mata uang asing                                                                                                                                             Foreign currencies
                                                                                                                                                      Investasi                        146.380.882        5.763.917                -                        -           806.090       152.950.889                 Investment
           Lancar                                    63.230.054              73.888.157                                 Current                       Sindikasi***)
                                                                                                                                                      Modal kerja
                                                                                                                                                                                        74.624.052
                                                                                                                                                                                        41.286.970
                                                                                                                                                                                                          3.501.260
                                                                                                                                                                                                          1.653.418
                                                                                                                                                                                                                             164.881
                                                                                                                                                                                                                                   -
                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                              -
                                                                                                                                                                                                                                                                        582.034
                                                                                                                                                                                                                                                                                       78.290.193
                                                                                                                                                                                                                                                                                       43.522.422
                                                                                                                                                                                                                                                                                                                 Syndication***)
                                                                                                                                                                                                                                                                                                               Working capital
                                                                                                                                                      Ekspor                             7.902.310                -                -                        -                 -         7.902.310                      Export
           Dikurangi: cadangan kerugian                                                                     Less: allowance for                       Konsumen                           2.714.644                -                -                        -                96         2.714.740                  Consumer

             penurunan nilai                                (1.679)                 (957)                  impairment losses                       Total (Catatan 62.B.(iv))           272.908.858       10.918.595          164.881                        -         1.388.220       285.380.554            Total (Note 62.B.(iv))
                                                                                                                                                                                     1.554.885.478      50.301.801         2.834.514            2.942.429            12.252.390      1.623.216.612
           Neto                                      63.228.375              73.887.200                                    Net                     Dikurangi: cadangan                                                                                                                                         Less: allowance for
                                                                                                                                                      kerugian penurunan nilai         (18.121.064)    (19.002.932)       (1.384.412)         (1.522.549)            (9.323.688)      (49.354.645)           impairment losses
                                                                                                                                                   Neto                              1.536.764.414      31.298.869         1.450.102            1.419.880             2.928.702      1.573.861.967                               Net
     f.    Efek-efek                                                  f.   Marketable securities
                                                                                                                                              *)          Termasuk kredit yang diukur pada nilai wajar melalui
           Berdasarkan kolektibilitas sesuai POJK:
                                                                                                                                                                                                                                                 *)         Including loans measured at fair value through other
                                                                           By collectability based on FSA regulation:                                     penghasilan komprehensif lain, berdasarkan kategori                                               comprehensive income, on the “current collectability” category in
                                                                                                                                                          “kolektibilitas lancar” pada mata uang Rupiah dengan jenis                                        Rupiah currency with an investment loan type amounted to
                                                     2024                    2023                                                             **)
                                                                                                                                                          kredit investasi sebesar Rp326.658.
                                                                                                                                                          Termasuk kredit yang diukur pada nilai wajar melalui                                    **)
                                                                                                                                                                                                                                                            Rp326,658.
                                                                                                                                                                                                                                                            Including loans measured at fair value through other
                                                                                                                                                          penghasilan komprehensif lain, berdasarkan kategori,                                              comprehensive income, on the “current collectability” category in
                                                                                                                                                          “kolektibilitas lancar” pada mata uang Rupiah dengan jenis                                        Rupiah currency with a syndication loan type amounted to
           Lancar                                    95.520.874              94.557.620                                 Current                           kredit sindikasi sebesar Rp3.539.765.                                                             Rp3,539,765.
                                                                                                                                              ***)        Termasuk kredit yang diukur pada nilai wajar melalui                                   ***)       Including loans measured at fair value through other
           Macet                                          8.674                 138.496                                   Loss                            penghasilan komprehensif lain, berdasarkan kategori,                                              comprehensive income, on the “current collectability” category in
                                                                                                                                                          “kolektibilitas lancar” pada mata uang asing dengan jenis                                         foreign currencies with a syndication loan type amounted to
           Total                                     95.529.548              94.696.116                                   Total                           kredit sindikasi sebesar Rp1.596.428.                                                             Rp1,596,428.

                                                                                                                                                                                                                                     2023

           Dikurangi: cadangan kerugian                                                                     Less: allowance for                                                                         Dalam
                                                                                                                                                                                                      perhatian
             penurunan nilai                               (51.497)             (150.275)                  impairment losses                                                          Lancar/
                                                                                                                                                                                                       khusus/
                                                                                                                                                                                                       Special
                                                                                                                                                                                                                         Kurang
                                                                                                                                                                                                                         lancar/            Diragukan/              Macet/
                                                                                                                                                                                      Current         mention          Substandard           Doubtful               Loss               Total
           Neto                                      95.478.051              94.545.841                                    Net
                                                                                                                                                   Rupiah                                                                                                                                                                  Rupiah

     g.    Tagihan Lainnya - Transaksi Perdagangan                    g.   Other Receivables - Trade Transactions                                         Modal kerja
                                                                                                                                                          Investasi*)
                                                                                                                                                                                       316.785.774
                                                                                                                                                                                       256.040.232
                                                                                                                                                                                                        16.650.280
                                                                                                                                                                                                         7.996.955
                                                                                                                                                                                                                           1.089.742
                                                                                                                                                                                                                             479.367
                                                                                                                                                                                                                                                1.844.987
                                                                                                                                                                                                                                                  751.776
                                                                                                                                                                                                                                                                      3.380.063
                                                                                                                                                                                                                                                                        557.217
                                                                                                                                                                                                                                                                                      339.750.846
                                                                                                                                                                                                                                                                                      265.825.547
                                                                                                                                                                                                                                                                                                               Working capital
                                                                                                                                                                                                                                                                                                                 Investment*)
                                                                                                                                                          Konsumen                     284.907.917      10.905.841         1.602.292            1.766.055             1.787.444       300.969.549                  Consumer
                                                                                                                                                          Program pemerintah            82.634.275       2.333.056           320.372              362.568               246.081        85.896.352         Government program
           Berdasarkan kolektibilitas sesuai POJK:                         By collectability based on FSA regulation:                                     Sindikasi                     57.613.732         553.493                 -                    -                     -        58.167.225                 Syndication
                                                                                                                                                          Karyawan                      44.768.536         170.995                18                  416                11.784        44.951.749                 Employees
                                                     2024                    2023                                                                         Ekspor                         5.100.758          18.596                 -                    -                55.041         5.174.395                      Export
                                                                                                                                                   Total                             1.047.851.224      38.629.216         3.491.791            4.725.802             6.037.630      1.100.735.663                           Total
           Lancar                                    28.565.530              24.539.740                                Current
           Dalam perhatian khusus                       101.066                 245.783                        Special mention                     Mata uang asing                                                                                                                                             Foreign currencies
           Macet                                      1.307.521               1.259.030                                  Loss                         Investasi                        119.995.135        5.390.280                -                   -                939.931       126.325.346                 Investment
                                                                                                                                                      Sindikasi**)                      67.864.704        3.873.273          333.794                   -                      -        72.071.771               Syndication**)
                                                                                                                                                      Modal kerja                       42.753.144        4.583.064                -             512.217                 86.490        47.934.915              Working capital
           Total                                     29.974.117              26.044.553                                   Total                       Ekspor                            10.590.111                -                -                   -                  5.842        10.595.953                      Export
           Dikurangi: cadangan kerugian                                                                     Less: allowance for                       Konsumen                           2.166.147            2.306                -                   -                     94         2.168.547                  Consumer

             penurunan nilai                         (1.422.889)              (1.494.653)                  impairment losses                       Total (Catatan 62.B.(iv))           243.369.241      13.848.923           333.794             512.217               1.032.357      259.096.532            Total (Note 62.B.(iv))
                                                                                                                                                                                     1.291.220.465      52.478.139         3.825.585            5.238.019             7.069.987      1.359.832.195
           Neto                                      28.551.228              24.549.900                                    Net                     Dikurangi: cadangan
                                                                                                                                                      kerugian penurunan nilai         (22.594.287)     (18.800.031)       (1.892.707)         (3.606.428)            (6.205.166)      (53.098.619)
                                                                                                                                                                                                                                                                                                               Less: allowance for
                                                                                                                                                                                                                                                                                                             impairment losses
                                                                                                                                                   Neto                              1.268.626.178      33.678.108         1.932.878            1.631.591               864.821      1.306.733.576                               Net
     h.    Tagihan Atas Efek-Efek Yang Dibeli Dengan                  h.   Securities Purchased Under Agreements To
           Janji Dijual Kembali                                            Resell                                                                   *)      Termasuk kredit yang diukur pada nilai wajar melalui                                      *)        Including loans measured at fair value through other
                                                                                                                                                            penghasilan komprehensif lain, berdasarkan kategori                                                 comprehensive income, on the “current collectability” category in
           Berdasarkan kolektibilitas sesuai POJK:                         By collectability based on FSA regulation:                                       “kolektibilitas lancar” pada mata uang Rupiah dengan jenis                                          Rupiah currency with an investment loan type amounted to
                                                                                                                                                            kredit investasi sebesar Rp345.413.                                                                 Rp345,413.
                                                                                                                                                    **)     Termasuk kredit yang diukur pada nilai wajar melalui                                      **)       Including loans measured at fair value through other
                                                     2024                    2023                                                                           penghasilan komprehensif lain, berdasarkan kategori                                                 comprehensive income, on the “current collectability” category in
                                                                                                                                                            “kolektibilitas lancar” pada mata uang asing dengan jenis                                           foreign currencies with a syndication loan type amounted to
                                                                                                                                                            kredit sindikasi sebesar Rp2.157.635.                                                               Rp2,157,635.
           Lancar                                      8.290.138             22.692.928                                 Current


PT BANK MANDIRI (PERSERO) TBK                        1700          421                                                                                                                                                   1701
                                                                                                                                                                                                                            422                                                                 ANNUAL REPORT 2024
Page 573
          FINANCIAL STATEMENTS 2024


                                                        PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                                                  PT BANK MANDIRI (PERSERO) Tbk.
                                                   DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                                        DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                      NOTES TO THE CONSOLIDATED                                                      CATATAN ATAS LAPORAN KEUANGAN                                                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                             FINANCIAL STATEMENTS                                                    KONSOLIDASIAN                                                                                                            FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                             31 DECEMBER 2024 AND 2023                                                   31 DESEMBER 2024 DAN 2023                                                                                            31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                    (Expressed in millions of Rupiah, unless otherwise stated)                                            (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                   (Expressed in millions of Rupiah, unless otherwise stated)


65. INFORMASI      TAMBAHAN YANG    TIDAK                                                65. ADDITIONAL INFORMATION THAT IS NOT                                                                   65. INFORMASI      TAMBAHAN YANG    TIDAK                                               65. ADDITIONAL INFORMATION THAT IS NOT
    DIPERSYARATKAN OLEH STANDAR AKUNTANSI                                                    REQUIRED   BY     INDONESIAN ACCOUNTING                                                                  DIPERSYARATKAN OLEH STANDAR AKUNTANSI                                                   REQUIRED   BY     INDONESIAN ACCOUNTING
    INDONESIA (lanjutan)                                                                     STANDARDS (continued)                                                                                    INDONESIA (lanjutan)                                                                    STANDARDS (continued)

     i.    Kredit      yang       Diberikan                                    dan               i.      Loans and                     Sharia        Receivables/Financing
                                                                                                                                                                                                      i.   Kredit      yang       Diberikan                                     dan               i.      Loans and                      Sharia       Receivables/Financing
           Piutang/Pembiayaan Syariah (lanjutan)                                                         (continued)
                                                                                                                                                                                                           Piutang/Pembiayaan Syariah (lanjutan)                                                          (continued)
           1. Kredit yang diberikan dan piutang/pembiayaan                                               1. Details of loans and sharia receivables/financing
                                                                                                                                                                                                           1. Kredit yang diberikan dan piutang/pembiayaan                                                1. Details of loans and sharia receivables/financing
              syariah terdiri atas (lanjutan):                                                              (continued):
                                                                                                                                                                                                              syariah terdiri atas (lanjutan):                                                               (continued):

             b. Berdasarkan        sektor   ekonomi                            dan                          b. By economic sector and Bank collectability
                                                                                                                                                                                                             b. Berdasarkan        sektor    ekonomi                            dan                          b. By economic sector and collectability based
                kolektibilitas sesuai POJK:                                                                    based on POJK:
                                                                                                                                                                                                                kolektibilitas sesuai POJK (lanjutan):                                                          on POJK (continued):
                                                                                                 2024                                                                                                                                                                                             2023

                                                                     Dalam                                                                                                                                                                                            Dalam
                                                                   perhatian                                                                                                                                                                                        perhatian
                                                                    khusus/          Kurang                                                                                                                                                                          khusus/          Kurang
                                                    Lancar/         Special          lancar/            Diragukan/            Macet/                                                                                                                Lancar/          Special          lancar/            Diragukan/             Macet/
                                                    Current        mention         Substandard           Doubtful             Loss               Total                                                                                              Current         mention         Substandard           Doubtful              Loss              Total


                   Rupiah                                                                                                                                                              Rupiah                      Rupiah                                                                                                                                                               Rupiah
                      Perdagangan, restoran,                                                                                                                          Trading, restaurant,                            Perdagangan, restoran,                                                                                                                           Trading, restaurant,
                        dan hotel                   160.337.031       4.523.586          554.524             429.348            1.034.172       166.878.661                    and hotel                                dan hotel                   137.847.825        4.810.608          541.032             624.058               695.261       144.518.784                   and hotel
                      Pertanian                     146.914.238       1.011.154          127.881             186.545              982.041       149.221.859                      Agriculture                          Pertanian                     134.626.317        1.246.457          789.707             225.507               264.402       137.152.390                    Agriculture
                      Jasa dunia usaha*)            132.794.503       2.845.360          101.266              46.357              280.186       136.067.672              Business service*)                           Jasa dunia usaha               99.761.989        2.858.468           79.817              75.716               160.574       102.936.564             Business service
                      Industri                      125.743.355       5.997.672          132.940             236.631            2.876.714       134.987.312                  Manufacturing                            Industri                       96.389.797        5.574.697          327.885           1.756.839             2.523.558       106.572.776                 Manufacturing
                      Konstruksi                     87.676.790      11.555.968            6.246              46.769              388.836        99.674.609                   Construction                            Konstruksi                     80.755.330        8.841.050           27.757             183.092               443.925        90.251.154                  Construction
                      Pengangkutan, pergudangan,                                                                                                            Transportation, warehousing,                              Pengangkutan, pergudangan,                                                                                                              Transportation, warehousing,
                        dan komunikasi**)            96.534.978       1.056.967           19.582              19.592              106.276        97.737.395     and communications**)                                   dan komunikasi*)             69.830.623        1.061.043           69.738              36.148                46.754        71.044.306     and communications*)
                      Tambang                        73.594.269          59.137              750               2.859            1.537.722        75.194.737                         Mining                            Tambang                        33.758.498        1.712.255            7.750               7.557                 7.575        35.493.635                        Mining
                      Jasa sosial                    57.366.294         555.284           24.507              26.795               40.382        58.013.262                  Social service                           Jasa sosial                    40.235.685          551.061           21.925              27.952                33.781        40.870.404                 Social service
                      Listrik, gas, dan air          22.469.072         609.032              140                 805               15.695        23.094.744    Electricity, gas, and water                            Listrik, gas, dan air          19.834.863          554.285            1.655                 269                 3.411        20.394.483   Electricity, gas, and water
                      Lain-lain                     378.546.090      11.169.046        1.701.797           1.946.728            3.602.146       396.965.807                          Others                           Lain-lain                     334.810.297       11.419.292        1.624.525           1.788.664             1.858.389       351.501.167                        Others


                   Total                           1.281.976.620     39.383.206        2.669.633           2.942.429           10.864.170     1.337.836.058                              Total                     Total                           1.047.851.224      38.629.216        3.491.791           4.725.802             6.037.630     1.100.735.663                             Total


                                                                                                                                                                                                                   Mata uang asing                                                                                                                                           Foreign currencies
                   Mata uang asing                                                                                                                                          Foreign currencies
                                                                                                                                                                                                                      Tambang**)                     69.122.697           65.163                -                   -                     -        69.187.860                         Mining**)
                      Tambang                        70.308.434          68.005                -                      -                 -        70.376.439                          Mining
                                                                                                                                                                                                                      Industri ***)                  59.793.004        6.151.042                -             512.217             1.026.421        67.482.684                 Manufacturing***)
                      Industri***)                   55.046.438       6.877.487                -                      -         1.388.124        63.312.049               Manufacturing***)
                      Jasa sosial                    48.450.799               -                -                      -                 -        48.450.799                  Social service                           Jasa sosial                    36.953.028                -                -                   -                     -        36.953.028                  Social service
                      Listrik, gas, dan air          35.274.620       3.501.260          164.881                      -                 -        38.940.761    Electricity, gas, and water                            Listrik, gas, dan air          25.797.065        3.491.766          333.794                   -                     -        29.622.625    Electricity, gas, and water
                      Pengangkutan, pergudangan,                                                                                                            Transportation, warehousing,                              Pengangkutan, pergudangan,                                                                                                              Transportation, warehousing,
                        dan komunikasi               28.559.643         471.843                  -                    -                  -       29.031.486       and communications                                    dan komunikasi               20.472.108          455.061                  -                     -                  -       20.927.169      and communications
                      Perdagangan, restoran,                                                                                                                          Trading, restaurant,                            Perdagangan, restoran,                                                                                                                            Trading, restaurant,
                        dan hotel                    13.686.770                -                 -                    -                 -        13.686.770                    and hotel                                dan hotel                     9.339.003           68.164                  -                     -                 -         9.407.167                    and hotel
                      Jasa dunia usaha               10.920.060                -                 -                    -                 -        10.920.060               Business service                            Jasa dunia usaha               12.439.707          458.492                  -                     -             5.842        12.904.041              Business service
                      Pertanian                       7.083.702                -                 -                    -                 -         7.083.702                     Agriculture                           Pertanian                       4.848.674                -                  -                     -                 -         4.848.674                     Agriculture
                      Konstruksi                        209.179                -                 -                    -                 -           209.179                   Construction                            Konstruksi                      1.768.457        3.156.929                  -                     -                 -         4.925.386                   Construction
                      Lain-lain                       3.369.213                -                 -                    -                96         3.369.309                         Others                            Lain-lain                       2.835.498            2.306                  -                     -                94         2.837.898                         Others


                   Total (Catatan 62.B.(iv))        272.908.858      10.918.595          164.881                      -         1.388.220       285.380.554              Total (Note 62.B.(iv))                    Total (Catatan 62.B.(iv))        243.369.241       13.848.923          333.794             512.217             1.032.357       259.096.532             Total (Note 62.B.(iv))


                                                   1.554.885.478     50.301.801        2.834.514           2.942.429           12.252.390     1.623.216.612                                                                                        1.291.220.465      52.478.139        3.825.585           5.238.019             7.069.987     1.359.832.195
                   Dikurangi: cadangan                                                                                                                                        Less: allowance                      Dikurangi: cadangan                                                                                                                                        Less: allowance
                    kerugian penurunan nilai        (18.121.064)    (19.002.932)      (1.384.412)         (1.522.549)          (9.323.688)     (49.354.645)            for impairment losses                        kerugian penurunan nilai         (22.594.287)    (18.800.031)       (1.892.707)         (3.606.428)          (6.205.166)      (53.098.619)        for impairment losses


                   Neto                            1.536.764.414     31.298.869        1.450.102           1.419.880            2.928.702     1.573.861.967                                Net                     Neto                            1.268.626.178      33.678.108        1.932.878           1.631.591               864.821     1.306.733.576                               Net



              *)       Termasuk kredit yang diukur pada nilai wajar melalui                                    *)         Including loans measured at fair value through other
                                                                                                                                                                                                              *)       Termasuk kredit yang diukur pada nilai wajar melalui                                      *)         Including loans measured at fair value through other
                       penghasilan       komprehensif  lain, berdasarkan   kategori                                       comprehensive income, on the “current collectability” category in                            penghasilan       komprehensif  lain, berdasarkan   kategori                                         comprehensive income, on the “current collectability” category in
                       “kolektibilitas lancar” pada mata uang Rupiah dengan sektor                                        Rupiah currency and business service economic sector                                         “kolektibilitas lancar” pada mata uang Rupiah dengan sektor                                          Rupiah currency and transportation, warehousing, and
                       ekonomi jasa dunia usaha sebesar Rp3.539.765.                                                      amounted to Rp3,539,765.                                                                     ekonomi pengangkutan, pergudangan, dan komunikasi sebesar                                            communication economic sector amounted to Rp345,413.
              **)      Termasuk kredit yang diukur pada nilai wajar melalui                                    **)        Including loans measured at fair value through other                                         Rp345.413.
                       penghasilan       komprehensif  lain, berdasarkan   kategori                                       comprehensive income, on the “current collectability” category in
                                                                                                                                                                                                              **)      Termasuk kredit yang diukur pada nilai wajar melalui                                      **)        Including loans measured at fair value through other
                       “kolektibilitas lancar” pada mata uang Rupiah dengan sektor                                        Rupiah currency and transportation, warehousing, and                                         penghasilan       komprehensif  lain, berdasarkan   kategori                                         comprehensive income, on the “current collectability” category in
                       ekonomi pengangkutan, pergudangan, dan komunikasi sebesar                                          communication economic sector amounted to Rp326,658.                                         “kolektibilitas lancar” pada mata uang asing dengan sektor                                           foreign currencies and mining economic sector amounted to
                       Rp326.658.                                                                                                                                                                                      ekonomi tambang sebesar Rp1.636.078.                                                                 Rp1,636,078.
              ***)     Termasuk kredit yang diukur pada nilai wajar melalui                                    ***)       Including loans measured at fair value through other
                                                                                                                                                                                                              ***)     Termasuk kredit yang diukur pada nilai wajar melalui                                      ***)       Including loans measured at fair value through other
                       penghasilan       komprehensif  lain, berdasarkan   kategori                                       comprehensive income, on the “current collectability” category in                            penghasilan       komprehensif  lain, berdasarkan   kategori                                         comprehensive income, on “current collectability” category in
                       “kolektibilitas lancar” pada mata uang asing dengan sektor                                         foreign currencies and manufacturing economic sector                                         “kolektibilitas lancar” pada mata uang asing dengan sektor                                           foreign currencies and manufacturing economic sector
                       ekonomi industri sebesar Rp1.596.428.                                                              amounted to Rp1,596,428.                                                                     ekonomi industri sebesar Rp521.557.                                                                  amounted to Rp521,557.




PT BANK MANDIRI (PERSERO) TBK                                              1702             423                                                                                                                                                                                       1703
                                                                                                                                                                                                                                                                                         424                                                                ANNUAL REPORT 2024
Page 574
          FINANCIAL STATEMENTS 2024


                                                   PT BANK MANDIRI (PERSERO) Tbk.                                                                                                                                          PT BANK MANDIRI (PERSERO) Tbk.
                                              DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                                                                DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                 NOTES TO THE CONSOLIDATED                                      CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                        FINANCIAL STATEMENTS                                    KONSOLIDASIAN                                                                                           FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                                        31 DECEMBER 2024 AND 2023                                   31 DESEMBER 2024 DAN 2023                                                                           31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                               (Expressed in millions of Rupiah, unless otherwise stated)                            (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                  (Expressed in millions of Rupiah, unless otherwise stated)


65. INFORMASI      TAMBAHAN YANG    TIDAK                                          65. ADDITIONAL INFORMATION THAT IS NOT                                                    65. INFORMASI      TAMBAHAN YANG    TIDAK                              65. ADDITIONAL INFORMATION THAT IS NOT
    DIPERSYARATKAN OLEH STANDAR AKUNTANSI                                              REQUIRED   BY     INDONESIAN ACCOUNTING
    INDONESIA (lanjutan)                                                               STANDARDS (continued)                                                                     DIPERSYARATKAN OLEH STANDAR AKUNTANSI                                  REQUIRED   BY     INDONESIAN ACCOUNTING
                                                                                                                                                                                 INDONESIA (lanjutan)                                                   STANDARDS (continued)
     i.    Kredit      yang       Diberikan                               dan            i.   Loans and               Sharia         Receivables/Financing
           Piutang/Pembiayaan Syariah (lanjutan)                                              (continued)
                                                                                                                                                                                 i.   Kredit      yang       Diberikan                    dan            i.    Loans and           Sharia       Receivables/Financing
           2. Kredit yang direstrukturisasi                                                   2.    Restructured loans                                                                Piutang/Pembiayaan Syariah (lanjutan)                                    (continued)

               Berikut ini adalah jenis dan jumlah kredit yang                                      Below are the types and amounts of                                                3. Batas Maksimum Pemberian Kredit (BMPK)                                3.      Legal Lending Limit (LLL)
               diberikan dan piutang/pembiayaan syariah                                             restructured       loans       and    sharia
               yang telah direstrukturisasi pada tanggal                                            receivables/financing as of 31 December 2024
               31 Desember 2024 dan 2023:                                                           and 2023:                                                                            Pada tanggal 31 Desember 2024 dan 2023,                                       Regarding the Legal Lending Limit (LLL) on
                                                                                                                                                                                         Bank tidak melanggar dan melampaui                                            31 December 2024 and 2023, the Bank did
                                                                        2024                       2023                                                                                  ketentuan BMPK untuk pihak terkait dan                                        not violate and exceeded the LLL provisions
               Perpanjangan jangka waktu                                                                                        Extension of loan maturity                               pihak tidak terkait. BMPK dihitung sesuai                                     for related parties and non-related parties.
                  kredit                                                64.996.001                 67.782.195                                      dates                                 dengan Peraturan Otoritas Jasa Keuangan –                                     LLL is calculated in accordance with Financial
               Perpanjangan jangka waktu dan                                                                              Extension of loan maturity dates                               POJK     No.    38/POJK.03/2019    tanggal                                    Services Authority Regulation - POJK
                  penurunan suku bunga kredit                              2.708.408                2.633.310             and reduction of interest rates
               Perpanjangan jangka waktu                                                                                        Extension of loan maturity                               19 Desember 2019 tentang Perubahan Atas                                       No. 38/POJK.03/2019 dated 19 December
                  kredit dan skema                                                                                         dates and other restructuring                                 Peraturan Otoritas Jasa Keuangan No.                                          2019 regarding Legal Lending Limits for
                  restrukturisasi lain-lain*)                           21.494.614                 26.569.121                                 schemes*)                                  32/POJK.03/2018 tentang Batas Maksimum                                        Commercial Banks as amended by POJK No.
              Total**)                                                  89.199.023                 96.984.626                                                   Total**)                 Pemberian Kredit dan Penyediaan Dana                                          32/POJK.03/2018 regarding Legal Lending
                                                                                                                                                                                         Besar Bagi Bank Umum.                                                         Limits of Loans Disbursement and Large
               *)    Skema restrukturisasi lain-lain terutama terdiri dari skema                    *)    Other restructuring schemes mainly involve reduction of                                                                                                      Funding for Commerical Banks.
                     restrukturisasi penurunan suku bunga kredit, penjadwalan                             interest rates, rescheduling of unpaid interest and extension of
                     kembali bunga yang tertunggak dan perpanjangan jangka                                repayment periods for unpaid interest.
                     waktu pembayaran bunga tertunggak.
               **)   Termasuk baki debet kredit restrukturisasi Covid-19 pada                       **)   Including the Covid-19 restructured loans outstanding balance               4. Ikhtisar   kredit   yang      diberikan   dan                        4.       Summary of non-performing loans and sharia
                     tanggal 31 Desember 2024 dan 2023 adalah masing-masing                               as of 31 December 2024 and 2023, amounted to
                     sebesar Rp14.202.221 dan Rp25.967.069.                                               Rp14,202,221 and Rp25,967,069, respectively.                                   piutang/pembiayaan      syariah    bermasalah                                 receivables/financing based on economic
               Berikut ini adalah jumlah kredit yang diberikan                                      Below are the amount of restructured loans                                           berdasarkan sektor ekonomi dan minimum                                        sector and the minimum allowance for loans
               dan piutang/pembiayaan syariah yang telah                                            and sharia receivables/financing based on                                            penyisihan kerugian kredit yang diberikan dan                                 and sharia receivables/financing impairment
               direstrukturisasi berdasarkan kolektibilitas                                         collectability as of 31 December 2024 and                                            piutang/pembiayaan      syariah    bermasalah                                 losses are as follows:
               pada tanggal 31 Desember 2024 dan 2023:                                              2023:
                                                                                                                                                                                         adalah sebagai berikut:
                                                                        2024                       2023
                                                                                                                                                                                                                         Kredit bermasalah (berdasarkan
              Lancar                                                    41.451.833                 48.610.295                                              Current                                                           Peraturan Otoritas Jasa
              Dalam perhatian khusus                                    37.974.541                 38.001.553                                      Special mention                                                                 Keuangan)/
              Kurang lancar                                              1.038.071                  1.967.382                                        Substandard                                                              Non-performing loans            Minimum penyisihan kerugian/
              Diragukan                                                    601.245                  3.201.907                                             Doubtful                                                        (based on Financial Services           Minimum allowance for
              Macet                                                      8.133.333                  5.203.489                                                Loss                                                            Authority Regulations)                impairment losses
               Total*)                                                  89.199.023                 96.984.626                                                    Total*)                                                     2024               2023                2024           2023

                                                                                                                                                                                         Rupiah                                                                                                                           Rupiah
               *)    Termasuk baki debet kredit restrukturisasi Covid-19 pada                       *)    Including the Covid-19 restructured loans outstanding balance
                     tanggal 31 Desember 2024 dan 2023 adalah masing-masing                               as of 31 December 2024 and 2023, amounted to                                       Industri                         3.246.285          4.608.282           3.014.969      3.451.158                  Manufacturing
                     sebesar Rp14.202.221 dan Rp25.967.069.                                               Rp14,202,221 and Rp25,967,069, respectively.                                       Perdagangan, restoran,                                                                                      Trading, restaurant,
                                                                                                                                                                                               dan hotel                      2.018.044          1.860.351           1.332.025      1.088.445                    and hotel
              Total     kredit    yang    diberikan     dan                                         Total   restructured   loans    and  sharia                                              Tambang                          1.541.331             22.882           1.539.264         12.516                          Mining
              piutang/pembiayaan syariah yang telah                                                 receivables/financing under non-performing                                               Pertanian                        1.296.467          1.279.616           1.094.496        495.612                      Agriculture
              direstrukturisasi dan dalam kategori kredit                                           loans (“NPL”) category as of 31 December                                                 Konstruksi                         441.851            654.774             413.157        539.635                    Construction
              bermasalah pada tanggal 31 Desember 2024                                              2024 and 2023 are amounted to Rp9,772,649                                                Jasa dunia usaha                   427.809            316.107             318.554        210.405               Business service
              dan      2023      masing-masing      sebesar                                         and Rp10,372,778, respectively.                                                          Pengangkutan,                                                                                                    Transportation,
              Rp9.772.649 dan Rp10.372.778.                                                                                                                                                    pergudangan, dan                                                                                           warehouse, and
                                                                                                                                                                                               komunikasi                       145.450            152.640             119.009         75.289            communications
              Grup telah melakukan restrukturisasi kredit                                           The Group has restructured loans for debtors                                             Jasa sosial                         91.684             83.658              57.456         51.046                  Social services
              untuk debitur yang terdampak pandemi                                                  affected by the Covid-19 pandemic in                                                     Listrik, gas, dan air               16.640              5.335              16.119          3.794     Electricity, gas, and water
              Covid-19      sesuai    dengan        POJK                                            accordance with POJK No. 11/POJK.03/2020                                                 Lain-lain                        7.250.671          5.271.578           4.830.780      2.996.400                          Others
              No. 11/POJK.03/2020 tentang “Stimulus                                                 regarding "National Economic Stimulus as a
              Perekonomian Nasional Sebagai Kebijakan                                               Countercyclical Policy for the Impact of the                                                                             16.476.232         14.255.223          12.735.829      8.924.300
              Countercyclical     Dampak     Penyebaran                                             Spread of the 2019 Coronavirus Disease"
              Coronavirus     Disease    2019”    tanggal                                           dated 13 March 2020 as amended twice by                                              Mata uang asing                                                                                                     Foreign currencies
              13 Maret 2020 sebagaimana telah diubah dua                                            POJK No. 48/POJK.03/2020 regarding                                                       Industri                         1.388.124          1.538.638           1.388.124      1.282.530                  Manufacturing
              kali melalui POJK No. 48/POJK.03/2020                                                 "National   Economic       Stimulus     as    a                                          Listrik, gas, dan air              164.881            333.794              24.732         50.069     Electricity, gas, and water
              tentang “Stimulus Perekonomian Nasional                                               Countercyclical Policy for the Impact of the                                             Jasa dunia usaha                         -              5.842                   -          5.842              Business services
              Sebagai Kebijakan Countercyclical Dampak                                              Spread of the 2019 Coronavirus Disease"                                                  Lain-lain                               96                 94                  96             94                         Others
              Penyebaran Coronavirus Disease 2019”                                                  dated 1 December 2020 and POJK
              tanggal 1 Desember 2020 dan POJK                                                      No. 17/POJK.03/2021 regarding Second                                                                                      1.553.101          1.878.368           1.412.952      1.338.535
              No. 17/POJK.03/2021 tentang Perubahan                                                 Amendment of POJK No. 11/POJK/03/2020
              Kedua Atas POJK Nomor 11/POJK.03/2020                                                 regarding “National Economic Stimulus as                                             Total                               18.029.333         16.133.591          14.148.781     10.262.835                             Total
              tentang “Stimulus Perekonomian Nasional                                               Countercyclical for the Impact of the Spread of
              Sebagai Kebijakan Countercyclical Dampak                                              2019      Coronavirus      Disease”       dated
              Penyebaran Coronavirus Disease 2019”                                                  10 September 2021.
              tanggal 10 September 2021.

PT BANK MANDIRI (PERSERO) TBK                                           1704           425                                                                                                                                                       1705
                                                                                                                                                                                                                                                    426                                            ANNUAL REPORT 2024
Page 575
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                              PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED               CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS             KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023            31 DESEMBER 2024 DAN 2023                                                                    31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)        (Expressed in millions of Rupiah, unless otherwise stated)     (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)

65. INFORMASI      TAMBAHAN YANG    TIDAK                      65. ADDITIONAL INFORMATION THAT IS NOT                          65. INFORMASI      TAMBAHAN YANG    TIDAK                        65. ADDITIONAL INFORMATION THAT IS NOT
    DIPERSYARATKAN OLEH STANDAR AKUNTANSI                          REQUIRED   BY     INDONESIAN ACCOUNTING                         DIPERSYARATKAN OLEH STANDAR AKUNTANSI                            REQUIRED   BY     INDONESIAN ACCOUNTING
    INDONESIA (lanjutan)                                           STANDARDS (continued)                                           INDONESIA (lanjutan)                                             STANDARDS (continued)
     i.    Kredit      yang       Diberikan             dan       i.   Loans and        Sharia    Receivables/Financing            i.   Kredit      yang       Diberikan             dan              i.   Loans and       Sharia    Receivables/Financing
           Piutang/Pembiayaan Syariah (lanjutan)                       (continued)                                                      Piutang/Pembiayaan Syariah (lanjutan)                              (continued)
          5. Rasio kredit bermasalah                                   5.   Ratio of non-performing loans                               6. Kredit program pemerintah (lanjutan)                            6. Government program loans (continued)
              Rasio kredit bermasalah Bank Mandiri dan                      The ratio of non-performing loans of Bank                      Berdasarkan evaluasi dan proposal PT Bank                          Based on PT Bank Mandiri (Persero) Tbk.’s
              Entitas Anak secara gross (sebelum dikurangi                  Mandiri and its Subsidiaries on a gross basis
                                                                                                                                           Mandiri (Persero) Tbk., dan sesuai Peraturan                       evaluation and proposal, and in accordance to
              cadangan kerugian penurunan nilai) pada                       (before deducted with allowance for impairment
              tanggal 31 Desember 2024 dan 2023 masing-                     losses) as of 31 December 2024 and 2023                        Menteri Keuangan No. 104/PMK.05/2020,                              PMK No. 104/PMK.05/2020, the Government
              masing sebesar 1,12% dan 1,19% (rasio                         were 1.12% and 1.19%, respectively (the ratios                 Pemerintah melakukan Penempatan Dana                               conducted the Phase II of Placement of
              untuk Bank Mandiri saja masing-masing                         for Bank Mandiri only were 0.97% and 1.02%                     Pemerintah Tahap II kepada perbankan salah                         Government Funds to banks, one of which
              0,97% dan 1,02%, masing-masing pada                           as of 31 December 2024 and 2023,                               satunya PT Bank Mandiri (Persero) Tbk.,                            was PT Bank Mandiri (Persero) Tbk., in form
              tanggal 31 Desember 2024 dan 2023),                           respectively), while the ratio of non-performing               dalam bentuk deposito dengan tenor 110 hari,                       of time deposit with placement period of 110
              sedangkan rasio kredit bermasalah Bank                        loans of Bank Mandiri and its Subsidiaries on a                sebesar Rp15.000.000 pada tanggal 25                               days, amounted to Rp15,000,000 on
              Mandiri dan Entitas Anak secara neto pada                     net basis as of 31 December 2024 and 2023                      September 2020, yang telah disalurkan dalam                        25 September 2020, and the funds has been
              tanggal 31 Desember 2024 dan 2023 masing-                     were 0.37% and 0.33%, respectively (the ratios                 bentuk       kredit    akumulatif      sebesar                     distributed in form of loan with accumulative
              masing sebesar 0,37% dan 0,33% (rasio                         for Bank Mandiri only were 0.33% and 0.29%,                    Rp66.634.884 sampai dengan tanggal jatuh                           amounted to Rp66,634,884 until maturity date
              untuk Bank Mandiri saja sebesar 0,33% dan                     as of 31 December 2024 and 2023,                               tempo deposito pada 13 Januari 2021.                               of time deposit on 13 January 2021. The
              0,29%, masing-masing pada tanggal 31                          respectively). The balance of non-performing                   Penempatan Dana Pemerintah Tahap II                                Governments placement Phase II has ended
              Desember 2024 dan 2023). Saldo kredit                         loans of Bank Mandiri and its Subsidiaries                     tersebut telah berakhir dan telah dikembalikan                     and the fund was returned to Government on
              bermasalah Bank Mandiri dan Entitas Anak                      included consumer financing receivables and                    kepada Pemerintah pada tanggal 13 Januari                          13 January 2021.
              termasuk piutang pembiayaan konsumen dan                      net investment finance leases from the                         2021.
              investasi bersih dalam sewa pembiayaan dari                   Subsidiaries.
              Entitas Anak.                                                                                                                Bank Mandiri juga berperan aktif dalam                             Bank Mandiri also plays an active role in
                                                                                                                                           penyaluran kredit dengan penjaminan kredit                         lending with Micro, Small and Medium
              Perhitungan rasio kredit bermasalah Bank                      The calculation of non-performing loans ratio                  UMKM dari Pemerintah sesuai PMK                                    Enterprises (“MSME”) loan guarantees from
              Mandiri dan Entitas Anak pada tanggal                         for Bank Mandiri and its Subsidiaries as of                    No. 71/PMK.08/2020 tanggal 23 Juni 2020.                           the Government in accordance with PMK
              31 Desember 2024 dan 2023 sesuai dengan                       31 December 2024 and 2023 are in                               Penjaminan Pemerintah melalui badan usaha                          No. 71/PMK.08/2020 dated 23 June 2020.
              Surat Edaran Otoritas Jasa Keuangan                           accordance with Financial Services Authority                   penjaminan, yaitu melalui PT Jaminan Kredit                        Government      guarantees     are      through
              (SEOJK) No. 9/SEOJK.03/2020 tanggal 30                        Circular Letter No. 9/SEOJK.03/2020 dated 30                   Indonesia dan PT Asuransi Kredit Indonesia.                        guarantee business entities, which are through
              Juni 2020 tentang Transparansi dan Publikasi                  June 2020 which is calculated from the loan                    Hingga 30 November 2021, penyaluran kredit                         PT Jaminan Kredit Indonesia and PT Asuransi
              Laporan Bank Umum Konvensional, dihitung                      amount, excluding loan to other banks
                                                                                                                                           UMKM dengan penjaminan kredit dari                                 Kredit Indonesia. As of 30 November 2021,
              atas dasar jumlah kredit tidak termasuk kredit                amounted to Rp7,769,438 and Rp6,594,872 as
              yang diberikan pada bank lain sebesar                         of 31 December 2024 and 2023, respectively.                    pemerintah ini disalurkan kepada 13.352                            MSME       loan   disbursement     with     loan
              Rp7.769.438 dan Rp6.594.872 masing-                                                                                          debitur UMKM dengan nilai pencairan kredit                         guarantees from the government was
              masing pada tanggal 31 Desember 2024 dan                                                                                     sebesar Rp2,84 triliun.                                            distributed to 13,352 MSME debtors with a
              2023.                                                                                                                                                                                           loan disbursement value of Rp2.84 trillion.

           6. Kredit program pemerintah                                6. Government program loans                                         Pada tahun 2022, program penjaminan                                In 2022, the MSME loan guarantee program
                                                                                                                                           kredit UMKM dari pemerintah tersebut                               from the government will continue its
              Kredit program pemerintah terdiri dari kredit                 Government program loans consists of                           dilanjutkan penyalurannya sesuai PMK                               distribution in accordance with PMK
              investasi, kredit modal kerja permanen, kredit                investment loans, permanent working capital                    No. 28/PMK.08/2022 tanggal 30 Maret 2022.                          No. 28/PMK.08/2022 dated 30 March 2022.
              modal kerja dan KPR Sejahtera Fasilitas                       loans, working capital loans and KPR                           Hingga 31 Desember 2022, penyaluran kredit                         Until 31 December 2022, MSME loan
              Likuiditas Pembiayaan Perumahan (“FLPP”),                     Sejahtera Liquidity Facility of House Financing                UMKM dengan penjaminan kredit dari                                 distribution with loan guarantees from the
              dimana Pemerintah dapat menyediakan                           (“FLPP”) which can be partially and/or fully                   pemerintah ini disalurkan kepada 3.030                             government is distributed to 3,030 MSME
              sebagian dan/atau keseluruhan dananya.                        funded by the Government.                                      debitur UMKM dengan nilai pencairan kredit                         debtors with a value of loan disbursement of
                                                                                                                                           sebesar Rp148,66 miliar.                                           Rp148.66 billion.
              Dalam      rangka  percepatan   Pemulihan                     In order to accelerate National Economic
              Ekonomi Nasional pada tahun 2020, Bank                        Recovery Program in 2020, the Bank                     j.   Piutang Pembiayaan Konsumen                                   j.   Consumer Financing Receivables
              berpartisipasi dalam penyaluran kredit                        participates in lending in the National
              program Pemulihan Ekonomi Nasional                            Economic Recovery (“PEN”) program in                        Berdasarkan kolektibilitas sesuai POJK:                            By collectability based on FSA regulation:
              (“PEN”) sesuai dengan Peraturan Menteri                       accordance with Ministry of Finance
              Keuangan      No.  70/PMK.05/2020    yang                     Regulation No. 70/PMK.05/2020 which was                                                                 2024                    2023
              selanjutnya diperbaharui dengan PMK                           subsequently        updated      with    PMK
              No. 104/PMK.05/2020 tanggal 6 Agustus                         No. 104/PMK.05/2020 dated 6 August 2020.
              2020. Program penyaluran kredit dalam                         The loans disbursement program of PEN,                      Lancar                                       38.852.457              30.685.547                               Current
              rangka PEN tersebut bersumber dari                            funded from the Government's placement                      Dalam perhatian khusus                        2.174.092               1.718.882                       Special mention
              penempatan uang negara kepada perbankan                       which one of them is in PT Bank Mandiri                     Kurang lancar                                   214.525                 156.031                         Substandard
              salah satunya di PT Bank Mandiri (Persero)                    (Persero) Tbk., in the form of time deposits                Diragukan                                       215.860                 186.996                              Doubtful
              Tbk., dalam bentuk deposito dengan tenor 3                    with 3 months tenor contract amounted to                    Macet                                           116.372                   2.340                                 Loss
              bulan sebesar Rp10.000.000 pada tanggal 25                    Rp10,000,000 on 25 June 2020. The
              Juni 2020. Dana Pemerintah tersebut telah                     Government Fund has been distributed in form                Total                                        41.573.306              32.749.796                                  Total
              disalurkan dalam bentuk kredit sebesar                        of loan amounted to Rp39,043,255 until                      Dikurangi: cadangan kerugian                                                                       Less: allowance for
              Rp39.043.255 sampai dengan tanggal jatuh                      maturity date of time deposit on 25 September                 penurunan nilai                                 (934.353)            (713.044)                  impairment losses
              tempo deposito pada 25 September 2020,                        2020 and after that the funds was returned to
              dan selanjutnya dana dikembalikan ke                          the Government.                                             Neto                                         40.638.953              32.036.752                                    Net
              Pemerintah.



PT BANK MANDIRI (PERSERO) TBK                         1706      427                                                                                                                          1707
                                                                                                                                                                                                428                                     ANNUAL REPORT 2024
Page 576
          FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.                                                                                                  PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                        DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED                CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS              KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                    31 DECEMBER 2024 AND 2023             31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)      (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)        (Expressed in millions of Rupiah, unless otherwise stated)


65. INFORMASI      TAMBAHAN YANG    TIDAK                        65. ADDITIONAL INFORMATION THAT IS NOT                            65. INFORMASI      TAMBAHAN YANG    TIDAK                     65. ADDITIONAL INFORMATION THAT IS NOT
    DIPERSYARATKAN OLEH STANDAR AKUNTANSI                            REQUIRED   BY     INDONESIAN ACCOUNTING                           DIPERSYARATKAN OLEH STANDAR AKUNTANSI                         REQUIRED   BY     INDONESIAN ACCOUNTING
    INDONESIA (lanjutan)                                             STANDARDS (continued)                                             INDONESIA (lanjutan)                                          STANDARDS (continued)

     k.    Investasi Bersih dalam Sewa Pembiayaan                      k.   Net Investment Finance Leases                              n.   Estimasi Kerugian        Atas   Komitmen     dan           n.   Estimated Losses       on    Commitments       and
                                                                                                                                            Kontinjensi                                                     Contingencies
           Berdasarkan kolektibilitas sesuai POJK:                          By collectability based on FSA regulation:
                                                                                                                                            Berdasarkan kolektibilitas sesuai POJK:                         By collectability based on FSA regulation:

                                                     2024                    2023                                                                                                       2024                  2023

           Lancar                                      5.335.749               5.257.583                               Current              Lancar                                      262.953.576          231.413.861                                Current
           Dalam perhatian khusus                        390.418                 212.580                       Special mention              Dalam perhatian khusus                        1.134.720            5.711.143                        Special mention
           Kurang lancar                                   9.340                   5.957                         Substandard                Kurang lancar                                       493                4.061                          Substandard
           Diragukan                                      12.563                  13.122                              Doubtful              Diragukan                                         1.442               53.243                               Doubtful
           Macet                                           9.006                       -                                 Loss               Macet                                             6.972               36.365                                  Loss

                                                                                                                                            Total                                       264.097.203          237.218.673                                  Total
           Total                                       5.757.076               5.489.242                                  Total             Dikurangi: cadangan kerugian                                                                    Less: allowance for
           Dikurangi: cadangan kerugian                                                                     Less: allowance for               penurunan nilai                            (1.114.013)          (1.143.758)                  impairment losses
             penurunan nilai                               (103.337)             (70.170)                 impairment losses
                                                                                                                                            Komitmen dan                                                                                   Commitments and
           Neto                                        5.653.739               5.419.072                                    Net              kontinjensi - neto                         262.983.190          236.074.915                 contingencies - net


                                                                                                                                       o.   Rasio Aset Produktif Bermasalah, Rasio                     o.   Non-Performing     Earning    Assets    Ratio,
     l.    Tagihan Akseptasi                                           l.   Acceptance Receivables                                          Pemenuhan Cadangan Kerugian Penurunan                           Allowance for Impairment Losses on Earning
                                                                                                                                            Nilai Aset Produktif, dan Rasio Kredit Usaha                    Assets Fulfillment Ratio, and Micro and Small
           Berdasarkan kolektibilitas sesuai POJK:                          By collectability based on FSA regulation:                      Mikro dan Kecil                                                 Business Loans Ratio

                                                     2024                    2023                                                           Rasio aset produktif bermasalah terhadap jumlah                 Non-performing earning assets to total earning
                                                                                                                                            aset produktif (termasuk Rekening Administratif)                assets ratio (including Administrative Accounts) as
           Lancar                                      9.308.408              14.786.829                               Current              pada tanggal 31 Desember 2024 dan 2023 (Bank                    of 31 December 2024 and 2023 (Bank Mandiri
           Dalam perhatian khusus                          5.457                   7.059                       Special mention              Mandiri saja) adalah masing-masing sebesar                      only) are 0.67% and 0.68%, respectively. For Non-
                                                                                                                                            0,67% dan 0,68%. Untuk rasio kredit bermasalah                  Performing Loan (NPL) ratio refer to Note 65.i.5.
                                                                                                                                            lihat Catatan 65.i.5.
                                                       9.313.865              14.793.888
           Dikurangi: cadangan kerugian                                                                     Less: allowance for             Rasio jumlah cadangan kerugian penurunan nilai                  The ratio of total allowance for impairment losses
             penurunan nilai                               (31.340)             (122.212)                  impairment losses                aset produktif dibentuk oleh Bank Mandiri pada                  on earning assets provided by Bank Mandiri as of
                                                                                                                                            tanggal 31 Desember 2024 dan 2023 terhadap                      31 December 2024 and 2023 compared to the
           Neto                                        9.282.525              14.671.676                                    Net             jumlah minimum cadangan kerugian penurunan                      minimum allowance for impairment losses on
                                                                                                                                            nilai aset produktif sesuai dengan ketentuan                    earning assets according to regulatory regulations
                                                                                                                                            regulator pada tanggal 31 Desember 2024 dan                     as of 31 December 2024 and 2023 are 135.06%
     m. Penyertaan Saham                                               m. Investments in Shares                                             2023 masing-masing sebesar 135,06% dan                          and 183.26%, respectively.
                                                                                                                                            183,26%.
           Berdasarkan kolektibilitas sesuai POJK:                          By collectability based on FSA regulation:
                                                                                                                                            Rasio aset produktif bermasalah terhadap jumlah                 The ratio of non-performing earning assets to total
                                                     2024                    2023                                                           aset produktif (termasuk Rekening Administratif)                earning assets (including Administrative Accounts)
                                                                                                                                            dan rasio jumlah cadangan kerugian penurunan                    and the ratio of total allowance for impairment
                                                                                                                                            nilai aset produktif dihitung sesuai dengan                     losses on earning assets is calculated in
           Lancar                                      2.416.779               1.827.394                                 Current            SEOJK       No.     9/SEOJK.03/2020     tanggal                 accordance with SEOJK No. 9/SEOJK.03/2020
           Macet                                           1.955                  34.093                                   Loss             30 Juni 2020 tentang Transparansi dan Publikasi                 dated 30 June 2020 concerning Transparency and
                                                                                                                                            Laporan Bank Umum Konvensional.                                 Publication of Conventional Commercial Bank
           Total                                       2.418.734               1.861.487                                  Total                                                                             Reports.
           Dikurangi: cadangan kerugian                                                                     Less: allowance for
             penurunan nilai                                 (1.986)             (34.123)                  impairment losses                Rasio kredit usaha mikro dan kecil terhadap                     The ratio of small-scale and micro business loans
                                                                                                                                            jumlah kredit yang diberikan Bank Mandiri pada                  to total loans provided by Bank Mandiri as of
                                                                                                                                            tanggal 31 Desember 2024 dan 2023 masing-                       31 December 2024 and 2023 are 8.10% and
           Neto                                        2.416.748               1.827.364                                    Net
                                                                                                                                            masing sebesar 8,10% dan 8,90%.                                 8.90%, respectively.



PT BANK MANDIRI (PERSERO) TBK                        1708             429                                                                                                                      1709
                                                                                                                                                                                                  430                                     ANNUAL REPORT 2024
Page 577
         FINANCIAL STATEMENTS 2024


                                           PT BANK MANDIRI (PERSERO) Tbk.
                                      DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES                                                                                    INFORMASI KEUANGAN ENTITAS INDUK/
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED                                         SUPPLEMENTARY FINANCIAL INFORMATION OF THE PARENT ENTITY
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
31 DESEMBER 2024 DAN 2023                                                                31 DECEMBER 2024 AND 2023                                                            PT BANK MANDIRI (PERSERO) Tbk.
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)       (Expressed in millions of Rupiah, unless otherwise stated)
                                                                                                                                  LAPORAN POSISI KEUANGAN - ENTITAS INDUK                       STATEMENTS OF FINANCIAL POSITION - PARENT ENTITY
                                                                                                                                  31 DESEMBER 2024 DAN 2023                                                                   31 DECEMBER 2024 AND 2023
                                                                                                                                  (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)
65. INFORMASI      TAMBAHAN YANG    TIDAK                     65. ADDITIONAL INFORMATION THAT IS NOT
    DIPERSYARATKAN OLEH STANDAR AKUNTANSI                         REQUIRED   BY     INDONESIAN ACCOUNTING                                                                              2024                  2023
    INDONESIA (lanjutan)                                          STANDARDS (continued)
                                                                                                                                  ASET                                                                                                               ASSETS
    p.    Manajemen risiko                                       p.   Risk Management
                                                                                                                                  Kas                                                  23.325.843            20.866.568                                  Cash
          1)   Risiko pasar dan risiko likuiditas                     1)   Market risk and liquidity risk
                                                                                                                                                                                                                                        Current accounts with
                                                                                                                                  Giro pada Bank Indonesia                             88.185.407            88.445.303                     Bank Indonesia
               Manajemen risiko likuiditas                                 Liquidity risk management
                                                                                                                                                                                                                                        Current accounts with
               Pada tanggal 31 Desember 2024, RIM Bank                     As of 31 December 2024, the Banks’s RIM is             Giro pada bank lain                                                                                          other banks
                                                                                                                                    Pihak berelasi                                         63.407               396.623                     Related parties
               Mandiri saja sebesar 94,83%. Pada tanggal                   94.83%. As of 31 December 2024, the Bank’s               Pihak ketiga                                       45.244.288            33.719.245                       Third parties
               31 Desember 2024, LCR Bank Mandiri saja                     LCR is 139.21%. As of 31 December 2024,
               sebesar 139,21%. Pada tanggal 31                            the Bank’s NSFR is 107.65%.                                                                                 45.307.695            34.115.868
               Desember 2024, NSFR Bank Mandiri saja                                                                                Dikurangi: cadangan kerugian                                                                        Less: allowance for
                                                                                                                                      penurunan nilai                                        (15.946)           (11.459)               impairment losses
               sebesar 107,65%.
                                                                                                                                    Neto                                               45.291.749            34.104.409                                  Net
          2)   Risiko operasional                                     2)   Operational risk
                                                                                                                                  Penempatan pada                                                                                       Placements with Bank
               Managing risk through capital                               Managing risk through capital                            Bank Indonesia                                                                                           Indonesia and
                                                                                                                                    dan bank lain                                                                                               other banks
                                                                                                                                    Pihak berelasi                                      2.253.300             1.231.760                     Related parties
               Sesuai ketentuan, Bank menggunakan                          According to the regulations, the Bank utilizes          Pihak ketiga                                       20.415.810            54.043.680                        Third parties
               Standardized Approach (SA)/Pendekatan                       the Standardized Approach (SA) in accordance
               Standar        sesuai      SEOJK         No.                with SEOJK No. 06/SEOJK.03/2020 for                                                                         22.669.110            55.275.440
                                                                                                                                    Dikurangi: cadangan kerugian                                                                        Less: allowance for
               06/SEOJK.03/2020 untuk perhitungan beban                    operational risk capital charges calculation. The          penurunan nilai                                         (1.592)               (870)              impairment losses
               modal risiko operasional. Perhitungan ATMR                  calculation of the Risk Weighted Assets (RWA)
               dengan Pendekatan Standar dilakukan setiap                  using Standardized Approach is performed                 Neto                                               22.667.518            55.274.570                                  Net
               tahun berdasarkan data Komponen Kerugian                    annually based on Operational Risk Loss
                                                                                                                                  Efek-efek                                                                                              Marketable securities
               Risiko Operasional selama 10 (sepuluh) tahun                Components data for the last 10 (ten) years              Pihak berelasi                                     12.943.046            13.513.049                     Related parties
               terakhir dan data Komponen Indikator Bisnis                 and Business Indicator Components data for               Pihak ketiga                                       31.556.942            29.479.847                       Third parties
               selama 3 (tiga) tahun terakhir. Hasil                       the last 3 (three) years. The result of calculation
               perhitungan dari beban modal risiko                         of operational risk capital charges for Bank                                                                44.499.988            42.992.896
                                                                                                                                    Ditambah:                                                                                                           Add/:
               operasional Bank Mandiri (Bank Mandiri saja)                Mandiri (Bank Only) as of 31 December 2024                 premi yang belum                                                                                       unamortised
               pada tanggal 31 Desember 2024 adalah                        amounted to Rp5,014,076.90 while for                       diamortisasi, keuntungan -                                                                    premiums, unrealised
               sebesar Rp5.014.076,90 sedangkan secara                     consolidation      (Bank    Mandiri      and     its       bersih yang                                                                                         gains - net from
               konsolidasian (Bank Mandiri dengan Entitas                  Subsidiaries) amounted to Rp6,067,991.50.                  belum direalisasi dari                                                                                      increase
               Anak) adalah sebesar Rp6.067.991,50.                        Based on these operational risk capital charges            kenaikan                                                                                           in fair value and
                                                                                                                                      nilai wajar dan cadangan                                                                              allowance for
               Berdasarkan nilai beban modal risiko                        values, RWA for operational risk as of 31                  kerugian penurunan nilai                               203.526            141.975                impairment losses
               operasional tersebut, nilai ATMR risiko                     December 2024 amounted to Rp62,675,961.25
               operasional pada tanggal 31 Desember 2024                   (Bank        Only)     and      Rp75,849,893.75              Neto                                           44.703.514            43.134.871                               Net
               adalah sebesar Rp62.675.961,25 (Bank                        (consolidated).
                                                                                                                                  Obligasi pemerintah                                                                                      Government bonds
               Mandiri     saja)   dan     Rp75.849.893,75                                                                         Pihak berelasi                                     221.138.442           239.245.751                     Related parties
               (konsolidasian).
                                                                                                                                  Tagihan lainnya - transaksi                                                                        Other receivables - trade
                                                                                                                                    perdagangan                                                                                                transactions
                                                                                                                                    Pihak berelasi                                      6.905.328             7.422.335                     Related parties
66. INFORMASI TAMBAHAN                                        66. SUPPLEMENTARY INFORMATION                                         Pihak ketiga                                       22.705.939            18.349.293                        Third parties

     Informasi keuangan tambahan                                 Supplementary Financial Information                                                                                   29.611.267            25.771.628
                                                                                                                                    Dikurangi: cadangan kerugian                                                                        Less: allowance for
                                                                                                                                      penurunan nilai                                   (1.376.265)          (1.448.930)               impairment losses
     Informasi yang disajikan pada lampiran 1 - 4                The additional information presented in appendix 1 - 4
     merupakan informasi keuangan tambahan PT Bank               is a supplementary financial information of                        Neto                                               28.235.002            24.322.698                                  Net
     Mandiri (Persero) Tbk, Entitas Induk, yang                  PT Bank Mandiri (Persero) Tbk, the Parent Entity,
     menyajikan penyertaan Bank pada Entitas Anak                which presents the Bank’s investment in its                      Tagihan atas efek-efek yang dibeli                                                               Securities purchased under
     berdasarkan metode biaya.                                   Subsidiaries using cost method.                                    dengan janji dijual kembali                                                                        agreements to resell
                                                                                                                                    Pihak berelasi                                           4.613                    -                      Related parties
                                                                                                                                    Pihak ketiga                                         7.161.653           16.205.580                         Third parties
                                                                                                                                    Total                                                7.166.266           16.205.580                                 Total




                                                                                                                                                                                     Lampiran/Appendix 1
PT BANK MANDIRI (PERSERO) TBK                        1710      431                                                                                                                             1711                                     ANNUAL REPORT 2024
Page 578
          FINANCIAL STATEMENTS 2024




                                INFORMASI KEUANGAN ENTITAS INDUK/                                                                                              INFORMASI KEUANGAN ENTITAS INDUK/
                      SUPPLEMENTARY FINANCIAL INFORMATION OF THE PARENT ENTITY                                                                       SUPPLEMENTARY FINANCIAL INFORMATION OF THE PARENT ENTITY

                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                                  PT BANK MANDIRI (PERSERO) Tbk.

LAPORAN POSISI KEUANGAN - ENTITAS INDUK                        STATEMENTS OF FINANCIAL POSITION - PARENT ENTITY                 LAPORAN POSISI KEUANGAN - ENTITAS INDUK                     STATEMENTS OF FINANCIAL POSITION - PARENT ENTITY
31 DESEMBER 2024 DAN 2023                                                                    31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)   31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023
                                                                                                                                (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)        (Expressed in millions of Rupiah, unless otherwise stated)
                                                     2024                   2023
                                                                                                                                                                                     2024                2023
ASET (lanjutan)                                                                                         ASSETS (continued)

Tagihan derivatif                                                                                      Derivative receivables   LIABILITAS DAN EKUITAS                                                                         LIABILITIES AND EQUITY
  Pihak berelasi                                       2.948.995               198.156                     Related parties
  Pihak ketiga                                         4.767.505             1.767.841                        Third parties     LIABILITAS                                                                                                  LIABILITIES
                                                                                                                                                                                                                                          Obligations due
  Total                                                7.716.500             1.965.997                               Total      Liabilitas segera                                      5.701.371           4.482.945                       immediately
Kredit yang diberikan                                                                                                 Loans
  Pihak berelasi                                    272.166.019            216.274.701                     Related parties      Simpanan nasabah                                                                                 Deposits from customers
  Pihak ketiga                                    1.038.613.383            869.512.726                       Third parties        Giro                                                                                               Demand deposits
                                                                                                                                    Pihak berelasi                                  151.347.001          163.938.319                 Related parties
                                                  1.310.779.402          1.085.787.427                                              Pihak ketiga                                    399.686.678          368.594.262                    Third parties
  Dikurangi: cadangan kerugian                                                                         Less: allowance for
    penurunan nilai                                  (38.257.611)          (42.323.522)               impairment losses
                                                                                                                                    Total                                           551.033.679          532.532.581                             Total
  Neto                                            1.272.521.791          1.043.463.905                                 Net
                                                                                                                                  Tabungan                                                                                             Saving deposits
Tagihan akseptasi                                                                                    Acceptance receivables         Pihak berelasi                                    6.306.784            7.513.973                  Related parties
  Pihak berelasi                                       1.570.763             2.162.339                    Related parties           Pihak ketiga                                    508.232.609          446.196.403                    Third parties
  Pihak ketiga                                         7.590.959            12.300.602                       Third parties

                                                       9.161.722            14.462.941                                              Total                                           514.539.393          453.710.376                             Total
  Dikurangi: cadangan kerugian                                                                         Less: allowance for
    penurunan nilai                                         (29.488)          (117.900)               impairment losses           Deposito berjangka                                                                                     Time deposits
                                                                                                                                    Pihak berelasi                                   49.272.237           31.620.995                  Related parties
  Neto                                                 9.132.234            14.345.041                                 Net          Pihak ketiga                                    212.042.545          224.281.646                    Third parties
Penyertaan saham                                                                                       Investments in shares
  Pihak berelasi                                      14.991.540            14.994.607                     Related parties          Total                                           261.314.782          255.902.641                             Total
  Pihak ketiga                                            24.955                 5.025                        Third parties
                                                                                                                                  Total simpanan                                                                                    Total deposits from
                                                     15.016.495             14.999.632                                              nasabah                                       1.326.887.854       1.242.145.598                        customers
  Dikurangi: cadangan kerugian                                                                         Less: allowance for
    penurunan nilai                                         (12.627)           (44.534)               impairment losses
                                                                                                                                Simpanan dari bank lain                                                                         Deposits from other banks
  Neto                                               15.003.868             14.955.098                                 Net        Giro dan                                                                                           Demand deposits
                                                                                                                                     tabungan                                                                                    and saving deposits
Biaya dibayar dimuka                                   2.817.153             1.424.099                     Prepaid expenses          Pihak berelasi                                    4.297.930             170.735                 Related parties
                                                                                                                                     Pihak ketiga                                      4.686.177           6.448.469                     Third parties
Pajak dibayar dimuka                                       239.701             239.757                         Prepaid taxes

Aset tetap                                            73.956.584            69.604.803                          Fixed assets        Total                                              8.984.107           6.619.204                             Total
  Dikurangi: akumulasi                                                                                  Less: accumulated
    penyusutan                                       (20.415.920)          (18.194.545)                     depreciation          Interbank call money                                                                             Interbank call money
                                                                                                                                     Pihak berelasi                                    1.931.400                   -                   Related parties
  Neto                                               53.540.664             51.410.258                                 Net           Pihak ketiga                                      7.330.154           6.966.896                     Third parties
Aset takberwujud                                      11.425.335            10.314.331                     Intangible assets
  Dikurangi: akumulasi                                                                                  Less: accumulated           Total                                              9.261.554           6.966.896                             Total
    amortisasi                                        (7.217.467)           (6.505.920)                     amortisation
                                                                                                                                  Deposito berjangka                                                                                      Time deposits
  Neto                                                 4.207.868             3.808.411                                 Net          Pihak ketiga                                       6.962.430           2.737.290                       Third parties
Aset lain-lain                                        26.237.140            28.305.188                          Other assets
  Dikurangi: penyisihan                                                                           Less: allowance for other       Total simpanan                                                                                    Total deposits from
    lainnya                                                (649.811)          (541.819)               impairment losses             dari bank lain                                   25.208.091           16.323.390                     other banks

  Neto                                               25.587.329             27.763.369                                 Net      Liabilitas atas efek-efek yang                                                                        Securities sold under
                                                                                                                                  dijual dengan janji                                                                                        agreements
Aset pajak tangguhan - neto                            5.840.877             7.874.700              Deferred tax assets - net     dibeli kembali                                                                                 to repurchase liabilities
TOTAL ASET                                        1.877.321.726          1.688.850.385                      TOTAL ASSETS          Pihak ketiga                                       90.156.012           36.097.856                        Third parties




                                                   Lampiran/Appendix 1                                                                                                             Lampiran/Appendix 1
PT BANK MANDIRI (PERSERO) TBK                        1712                                                                                                                                   1713                                    ANNUAL REPORT 2024
Page 579
          FINANCIAL STATEMENTS 2024




                                 INFORMASI KEUANGAN ENTITAS INDUK/                                                                                              INFORMASI KEUANGAN ENTITAS INDUK/
                       SUPPLEMENTARY FINANCIAL INFORMATION OF THE PARENT ENTITY                                                                       SUPPLEMENTARY FINANCIAL INFORMATION OF THE PARENT ENTITY

                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                                   PT BANK MANDIRI (PERSERO) Tbk.

LAPORAN POSISI KEUANGAN - ENTITAS INDUK                       STATEMENTS OF FINANCIAL POSITION - PARENT ENTITY                   LAPORAN POSISI KEUANGAN - ENTITAS INDUK                        STATEMENTS OF FINANCIAL POSITION - PARENT ENTITY
31 DESEMBER 2024 DAN 2023                                                                   31 DECEMBER 2024 AND 2023            31 DESEMBER 2024 DAN 2023                                                                    31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)     (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)

                                                                                                                                                                                      2024                   2023
                                                     2024                  2023

                                                                                                                                 LIABILITAS DAN EKUITAS (lanjutan)                                                     LIABILITIES AND EQUITY (continued)
LIABILITAS DAN EKUITAS (lanjutan)                                                    LIABILITIES AND EQUITY (continued)
                                                                                                                                 EKUITAS                                                                                                              EQUITY
LIABILITAS (lanjutan)                                                                              LIABILITIES (continued)
                                                                                                                                 Ekuitas yang dapat diatribusikan                                                                         Attributable equity to
                                                                                                                                   kepada pemilik Entitas Induk                                                                             the Parent Entity
Liabilitas derivatif                                                                                    Derivative payables
                                                                                                                                 Modal saham - nilai nominal                                                                     Share capital - nominal value
  Pihak berelasi                                       2.133.504               76.404                     Related parties          Rp125 (nilai penuh)                                                                                  Rp125 (full amount)
  Pihak ketiga                                         5.190.840            2.037.449                        Third parties         per lembar saham masing-masing                                                                        par value per share
                                                                                                                                   pada tanggal 31 Desember 2024                                                                   as of 31 December 2024
  Total                                                7.324.344            2.113.853                                Total         dan 2023                                                                                                         and 2023
                                                                                                                                   Modal dasar - 1 lembar saham                                                             Authorised capital - 1 Dwiwarna
Liabilitas akseptasi                                                                                  Acceptance payables            Seri A Dwiwarna dan                                                                              Series A share and
  Pihak berelasi                                       2.529.584            2.536.269                    Related parties             127.999.999.999 lembar                                                                    127,999,999,999 Series B
  Pihak ketiga                                         6.632.138           11.926.672                       Third parties            saham biasa Seri B pada tanggal                                                                 common share as of
                                                                                                                                     31 Desember 2024 dan 2023                                                              31 December 2024 and 2023
  Total                                                9.161.722           14.462.941                                Total         Modal ditempatkan dan disetor -                                                          Issued and fully paid-in capital -
                                                                                                                                     1 lembar saham                                                                                 1 Dwiwarna Series A
Efek-efek yang diterbitkan                                                                            Debt securities issued         Seri A Dwiwarna dan                                                                       share and 93,333,333,331
  Pihak berelasi                                      2.704.950             3.619.950                     Related parties            93.333.333.331 lembar                                                                      Series B common shares
  Pihak ketiga                                       24.430.859            37.264.571                        Third parties           saham biasa Seri B pada tanggal                                                                  as of 31 December
                                                                                                                                     31 Desember 2024 dan 2023                        11.666.667             11.666.667                    2024 and 2023
                                                     27.135.809            40.884.521
  Dikurangi: biaya penerbitan                                                                           Less: unamortised        Tambahan modal disetor/                                                                             Additional paid-in capital/
                                                                                                                                   agio saham                                         19.661.550             18.941.550                                  agio
    yang belum diamortisasi                                (65.122)           (67.622)                debt issuance cost
                                                                                                                                 Selisih kurs karena                                                                                  Differences arising from
  Neto                                               27.070.687            40.816.899                                  Net         penjabaran laporan                                                                                          translation of
                                                                                                                                   keuangan dalam                                                                                    financial statements in
Estimasi kerugian atas                                                                                  Estimated losses on        mata uang asing                                          (330.666)          (434.437)                  foreign currencies
  komitmen dan                                                                                          commitments and
                                                                                                                                 Kerugian neto yang belum
  kontinjensi                                          1.089.963            1.111.730                       contingencies
                                                                                                                                   direalisasi dari penurunan                                                                          Net unrealised loss from
                                                                                                                                   nilai wajar aset keuangan                                                                            decrease in fair value
Beban yang masih harus dibayar                         2.932.234            2.395.417                    Accrued expenses          dalam kelompok nilai wajar                                                                   of financial assets classified
                                                                                                                                   melalui penghasilan                                                                            as fair value through other
Utang pajak                                            1.680.876            1.642.179                        Taxes payable         komprehensif lain setelah                                                                          comprehensive income
                                                                                                                                   dikurangi pajak tangguhan                           (2.134.527)           (1.926.827)                 - net of deferred tax
                                                                                                          Employee benefit
Liabilitas imbalan kerja                               4.154.831            8.417.409                          liabilities       Selisih bersih revaluasi                                                                              Net differences in fixed
                                                                                                                                   aset tetap                                         34.487.954             34.487.954                  assets revaluation
Provisi                                                    264.275            286.081                              Provision
                                                                                                                                 Keuntungan neto aktuarial                                                                             Net actuarial gain from
                                                                                                                                   program imbalan pasti                                                                                   defined benefits
Liabilitas lain-lain                                 20.871.764            22.115.368                        Other liabilities     setelah dikurangi                                                                                       program - net of
                                                                                                                                   pajak tangguhan                                      1.513.798             1.512.069                        deferred tax
Pinjaman yang diterima                                                                                    Fund borrowings
  Pihak berelasi                                        684.425               665.346                     Related parties        Penghasilan komprehensif                                                                                Other comprehensive
  Pihak ketiga                                       96.803.772            57.149.992                       Third parties          lainnya                                                   85.052              85.052                            income

  Total                                              97.488.197            57.815.338                                Total       Saldo laba (saldo rugi sebesar                                                               Retained earnings (accumulated
                                                                                                                                   Rp162.874.901 telah                                                                             losses of Rp162,874,901
Pinjaman dan efek-efek                                                                              Subordinated loans and         dieliminasi dengan tambahan                                                                      were eliminated against
                                                                                                                                   modal disetor/agio saham                                                                        additional paid-in capital/
  subordinasi                                                                                       marketable securities
                                                                                                                                   pada saat kuasi -                                                                               agio as a result of quasi-
  Pihak berelasi                                                 -             10.000                    Related parties           reorganisasi pada                                                                                           reorganisation
  Pihak ketiga                                             204.015            205.735                       Third parties          tanggal 30 April 2003)                                                                                  on 30 April 2003)
                                                                                                                                     Sudah ditentukan penggunaannya                    5.380.268              5.380.268                       Appropriated
                                                           204.015            215.735                                                Belum ditentukan penggunaannya                  186.795.847            168.695.914                    Unappropriated
  Dikurangi: biaya penerbitan                                                                          Less: unamortised
    yang belum diamortisasi                                   (453)               (564)                  issuance cost             Total saldo laba                                  192.176.115            174.076.182             Total retained earnings

  Neto                                                     203.562            215.171                                  Net       TOTAL EKUITAS                                       257.125.943            238.408.210                       TOTAL EQUITY

TOTAL LIABILITAS                                  1.620.195.783         1.450.442.175                  TOTAL LIABILITIES         TOTAL LIABILITAS DAN                                                                              TOTAL LIABILITIES AND
                                                                                                                                   EKUITAS                                         1.877.321.726          1.688.850.385                         EQUITY




                                                   Lampiran/Appendix 1                                                                                                              Lampiran/Appendix 1
PT BANK MANDIRI (PERSERO) TBK                        1714                                                                                                                                      1715                                     ANNUAL REPORT 2024
Page 580
        FINANCIAL STATEMENTS 2024



                              INFORMASI KEUANGAN ENTITAS INDUK/                                                                                                  INFORMASI KEUANGAN ENTITAS INDUK/
                    SUPPLEMENTARY FINANCIAL INFORMATION OF THE PARENT ENTITY                                                                           SUPPLEMENTARY FINANCIAL INFORMATION OF THE PARENT ENTITY

                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                                      PT BANK MANDIRI (PERSERO) Tbk.

LAPORAN LABA RUGI DAN PENGHASILAN                                                   STATEMENTS OF PROFIT OR LOSS AND                LAPORAN LABA RUGI DAN PENGHASILAN                                                  STATEMENTS OF PROFIT OR LOSS AND
KOMPREHENSIF LAIN - ENTITAS INDUK                                      OTHER COMPREHENSIVE INCOME - PARENT ENTITY
UNTUK TAHUN-TAHUN YANG BERAKHIR                                                                       FOR THE YEARS ENDED           KOMPREHENSIF LAIN - ENTITAS INDUK                                     OTHER COMPREHENSIVE INCOME - PARENT ENTITY
PADA TANGGAL 31 DESEMBER 2024 DAN 2023                                                           31 DECEMBER 2024 AND 2023          UNTUK TAHUN-TAHUN YANG BERAKHIR                                                                      FOR THE YEARS ENDED
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)   PADA TANGGAL 31 DESEMBER 2024 DAN 2023                                                          31 DECEMBER 2024 AND 2023
                                                                                                                                    (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)
                                                     2024                      2023
                                                                                                                                                                                         2024                     2023
PENDAPATAN DAN BEBAN                                                                                   INCOME AND EXPENSE
 OPERASIONAL                                                                                            FROM OPERATIONS
                                                                                                                                    PENGHASILAN KOMPREHENSIF                                                                           OTHER COMPREHENSIVE
Pendapatan bunga                                    112.305.488                97.831.188                         Interest income    LAIN                                                                                                         INCOME
Beban bunga                                         (36.475.504)              (26.604.466)                      Interest expense
                                                                                                                                    Pos-pos yang tidak akan                                                                                   Items that will not be
PENDAPATAN BUNGA -                                                                                               NET INTEREST         direklasifikasi                                                                                              reclassified to
 NETO                                                75.829.984                71.226.722                           INCOME            ke laba rugi                                                                                                   profit or loss
                                                                                                                                      Keuntungan aktuarial                                                                                      Actuarial gain from
Pendapatan operasional lainnya                                                                            Other operating income        program imbalan pasti                                     2.134               41.030          defined benefits program
  Provisi dan komisi                                 17.586.474                15.706.065              Fees and commissions           Pajak penghasilan                                                                                      Income tax related to
  Pendapatan dari kelompok                                                                              Income from fair value          terkait pos-pos yang tidak                                                                         items that will not be
    nilai wajar melalui                                                                                through profit or loss           akan direklasifikasi                                                                                      reclassified to
    laba rugi - neto                                  3.732.208                 2.790.171                 classification - net
  Lain-lain                                          10.242.743                13.801.068                                Others         ke laba rugi                                               (406)                 (7.796)                    profit or loss

                                                                                                                                                                                                  1.728               33.234
Total pendapatan                                                                                            Total other operating   Pos-pos yang akan                                                                                              Items that will be
  operasional lainnya                                31.561.425                32.297.304                              income
                                                                                                                                      direklasifikasi                                                                                                reclassified to
Pembentukan cadangan kerugian                                                                           Allowance for impairment      ke laba rugi                                                                                                     profit or loss
  penurunan nilai                                     (7.159.896)              (6.288.672)                              losses        Penyesuaian akibat                                                                                   Difference arising from
                                                                                                                                        penjabaran laporan                                                                               translation of financial
Pembalikan penyisihan                                                                                   Reversal of allowance for
  estimasi kerugian                                                                                       estimated losses on           keuangan dalam                                                                                    statements in foreign
  atas komitmen dan                                                                                         commitments and             mata uang asing                                        103.771                (72.683)                          currencies
  kontinjensi                                               25.381                921.730                        contingencies        Perubahan nilai wajar aset                                                                          Changes in fair value of
                                                                                                             Allowance for other        keuangan dalam                                                                                           financial assets
Pembentukan penyisihan                                                                                     impairment losses            kelompok nilai wajar                                                                             classified as fair value
  lainnya dan kerugian                                                                                        and operational
  risiko operasional - neto                                (136.855)               (22.103)                   risk losses - net         melalui penghasilan                                                                                         through other
                                                                                                                                        komprehensif lain                                      (321.597)             930.532            comprehensive income
Keuntungan dari penjualan                                                                                        Gain on sale of      Pajak penghasilan terkait                                                                             Income tax related to
  efek-efek dan obligasi                                                                             marketable securities and          pos-pos yang akan                                                                                      items that will be
  pemerintah                                                  1.041                47.701                  government bonds
                                                                                                                                        direklasifikasi                                                                                            reclassified to
Beban operasional lainnya                                                                             Other operating expenses          ke laba rugi                                           113.898              (119.958)                         profit or loss
                                                                                                      Salaries and employee
  Beban gaji dan tunjangan                           (14.684.386)             (16.058.990)               benefits expenses                                                                     (103.928)             737.891
  Beban umum dan                                                                                                  General and
    administrasi                                     (16.868.310)             (14.503.827)          administrative expenses
  Lain-lain                                           (5.884.851)              (4.930.750)                             Others       Penghasilan komprehensif lain                                                                           Other comprehensive
                                                                                                                                      tahun berjalan -                                                                                      income for the year
Total beban operasional                                                                                     Total other operating     setelah pajak penghasilan                                (102.200)             771.125                 - net of income tax
  lainnya                                            (37.437.547)             (35.493.567)                           expenses
                                                                                                                INCOME FROM         TOTAL PENGHASILAN                                                                                   TOTAL COMPREHENSIVE
LABA OPERASIONAL                                     62.683.533                62.689.115                        OPERATION            KOMPREHENSIF                                                                                                  INCOME
                                                                                                                                      TAHUN BERJALAN                                      51.033.763              51.868.003                  FOR THE YEAR
Pendapatan bukan                                                                                                   Non operating
  operasional - neto                                       342.689                 98.094                         income - net
LABA SEBELUM BEBAN                                                                                            INCOME BEFORE         LABA PER SAHAM                                                                                        EARNINGS PER SHARE
  PAJAK                                              63.026.222                62.787.209                      TAX EXPENSE            Dasar dan dilusian (dalam                                                                            Basic and diluted (full
                                                                                                                                        Rupiah penuh)                                           547,89                547,47                amount of Rupiah)
Beban pajak                                                                                                         Tax expense
  Kini                                                (9.742.944)             (10.015.624)                            Current
  Tangguhan                                           (2.147.315)              (1.674.707)                           Deferred

Total beban pajak - neto                             (11.890.259)             (11.690.331)                Total tax expense - net
LABA TAHUN                                                                                                      NET INCOME
  BERJALAN                                           51.135.963                51.096.878                    FOR THE YEAR




                                                  Lampiran/Appendix 2                                                                                                                 Lampiran/Appendix 2
PT BANK MANDIRI (PERSERO) TBK                        1716                                                                                                                                         1717                                        ANNUAL REPORT 2024
Page 581
                                                                                                                                                                                   Lampiran/Appendix 3
                                                                                                                                                                                                                                                                                                                                                                                            ANNUAL REPORT 2024




                            31 December 2023                             238.408.210            174.076.182          168.695.914                   5.380.268                85.052                  1.512.069             34.487.954          (1.926.827)                  (434.437)            18.941.550               11.666.667                        31 Desember 2023
                                   Balance as of                                                                                                                                                                                                                                                                                                        Saldo pada tanggal
                                         for the year                    771.125                -                    -                             -                        -                       33.234                -                   810.575                      (72.684)             -                        -                         tahun berjalan
                            Other comprehensive income                                                                                                                                                                                                                                                                                           Penghasilan komprehensif lain
                            Net income for the year                      51.096.878             51.096.878           51.096.878                    -                        -                       -                     -                   -                            -                    -                        -                                 Laba tahun berjalan
                                2022 net income                          (24.702.382)           (24.702.382)         (24.702.382)                  -                        -                       -                     -                   -                            -                    -                        -                         bersih tahun 2022
                            Dividend payment from                                                                                                                                                                                                                                                                                                Pembayaran dividen dari laba
                            1 January 2023                               211.242.589            147.681.686          142.301.418                   5.380.268                85.052                  1.478.835             34.487.954          (2.737.402)                  (361.753)            18.941.550               11.666.667                          1 Januari 2023
                                Balance as of                                                                                                                                                                                                                                                                                                             Saldo pada tanggal
                                                                            Total equity              Total               Unappropriated                Appropriated                income          net of deferred tax      revaluation             deferred tax          foreign currencies        capital/agio               capital
                                                                              ekuitas/                                    penggunaannya/               penggunaannya/           comprehensive       benefits program -      fixed assets           income - net of            statements in            paid-in               fully paid-in
                                                                               Total                                        ditentukan                   ditentukan                  Other             from defined       Net difference in        comprehensive               of financial           Additional              Issued and
                                                                                                                                                                                                                                                                                                                                                                                            1719




                                                                                                                              Belum                        Sudah                    lainnya/        Net actuarial gain        aset tetap/                 other             from translation         agio saham/             dan disetor/
                                                                                                                                                                                 komprehensif           tangguhan/             revaluasi           assets through          Difference arising       modal disetor/           ditempatkan
                                                                                                                 Saldo laba/Retained earnings                                     Penghasilan               pajak                bersih           value of financial           uang asing/            Tambahan                   Modal
                                                                                                                                                                                                         dikurangi              Selisih           (decrease) in fair           dalam mata
                                                                                                                                                                                                           setelah                                      increase/               keuangan
                                                                                                                                                                                                            pasti                                 gain/ (loss) from              laporan
                                                                                                                                                                                                          imbalan                                  Net unrealised              penjabaran
                                                                                                                                                                                                          program                                     tangguhan/                  karena
                                                                                                                                                                                                          aktuarial                                       pajak                Selisih kurs
                                                                                                                                                                                                            neto                                       dikurangi
                                                                                                                                                                                                       Keuntungan                                     lain setelah
                                                                                                                                                                                                                                                    komprehensif
                                                                                                                                                                                                                                                     penghasilan
                                                                                                                                                                                                                                                         melalui
                                                                                                                                                                                                                                                       nilai wajar
                                                                                                                                                                                                                                                  dalam kelompok
                                                                                                                                                                                                                                                   aset keuangan
                                                                                                                                                                                                                                                       nilai wajar
                                                                                                                                                                                                                                                     (penurunan)
                                                                                                                                                                                                                                                    dari kenaikan/
                                                                                                                                                                                                                                                       direalisasi
                                                                                                                                                                                                                                                     yang belum
                                                                                                                                                                                                                                                          neto
                                                                                                                                                                                                                                                       (kerugian)
                                                                                                                                                                                                                                                    Keuntungan/
                                                                                                                                                                                                          2023
                               (Expressed in millions of Rupiah, unless otherwise stated)                                                                                                                                                                                              (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)
                                                         31 DECEMBER 2024 AND 2023                                                                                                                                                                                                     PADA TANGGAL 31 DESEMBER 2024 DAN 2023
                                                              FOR THE YEARS ENDED                                                                                                                                                                                                      UNTUK TAHUN-TAHUN YANG BERAKHIR
                            STATEMENTS OF CHANGES IN EQUITY - PARENT ENTITY                                                                                                                                                                                                            LAPORAN PERUBAHAN EKUITAS - ENTITAS INDUK
                                                                                                                                    DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
                                                                                                                                         PT BANK MANDIRI (PERSERO) Tbk.
                                                                                                                     SUPPLEMENTARY FINANCIAL INFORMATION OF THE PARENT ENTITY
                                                                                                                               INFORMASI KEUANGAN ENTITAS INDUK/
                                                                                                                                         INFORMASI KEUANGAN ENTITAS INDUK/
                                                                                                                               SUPPLEMENTARY FINANCIAL INFORMATION OF THE PARENT ENTITY
                                                                                                                                                                     PT BANK MANDIRI (PERSERO) Tbk.
                                                                                                                                                                DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES
                                    LAPORAN PERUBAHAN EKUITAS - ENTITAS INDUK                                                                                                                                                                                                         STATEMENTS OF CHANGES IN EQUITY - PARENT ENTITY
                                    UNTUK TAHUN-TAHUN YANG BERAKHIR                                                                                                                                                                                                                                                     FOR THE YEARS ENDED
                                    PADA TANGGAL 31 DESEMBER 2024 DAN 2023                                                                                                                                                                                                                                         31 DECEMBER 2024 AND 2023
                                    (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                                                                                                                                                             (Expressed in millions of Rupiah, unless otherwise stated)
                                                                                                                                                                                                          2024
                                                                                                                                                     Kerugian
                                                                                                                                                        neto
                                                                                                                                                   yang belum
                                                                                                                                                    direalisasi
                                                                                                                                                dari penurunan
                                                                                                                                                    nilai wajar
                                                                                                                                                 aset keuangan
                                                                                                                                               dalam kelompok
                                                                                                                                                    nilai wajar
                                                                                                                                                      melalui
                                                                                                                                                   penghasilan                                        Keuntungan
                                                                                                                                                  komprehensif                                             neto
                                                                                                                               Selisih kurs        lain setelah                                          aktuarial
                                                                                                                                  karena            dikurangi                                            program
                                                                                                                               penjabaran              pajak                                             imbalan
                                                                                                                                 laporan           tangguhan/                                              pasti
                                                                                                                                keuangan      Net unrealised loss                                         setelah
                                                                                                                               dalam mata      from decrease in                   Selisih               dikurangi
                                                                                Modal                 Tambahan                 uang asing/         fair value of                   bersih                  pajak            Penghasilan                           Saldo laba/Retained earnings




                                                                                                                                                                                                                                                                                                                                                                                            1718
                                                                            ditempatkan             modal disetor/         Difference arising   financial assets                 revaluasi             tangguhan/          komprehensif
                                                                            dan disetor/             agio saham/            from translation      through other                 aset tetap/        Net actuarial gain         lainnya/                Sudah                        Belum
                                                                             Issued and               Additional               of financial     comprehensive               Net difference in         from defined             Other                ditentukan                   ditentukan                                     Total
                                                                            fully paid-in              paid-in                statements in      income - net of              fixed assets         benefits program -     comprehensive           penggunaannya/               penggunaannya/                                  ekuitas/
                                                                               capital               capital/agio          foreign currencies      deferred tax                revaluation         net of deferred tax        income               Appropriated                Unappropriated             Total              Total equity
                                    Saldo pada tanggal                                                                                                                                                                                                                                                                                                                  Balance as of
                                       1 Januari 2024                          11.666.667               18.941.550                 (434.437)                (1.926.827)           34.487.954              1.512.069                85.052                 5.380.268               168.695.914          174.076.182            238.408.210                           1 January 2024
                                    Pembayaran dividen dari laba                                                                                                                                                                                                                                                                                                Dividend payment from
                                      bersih tahun 2023                                     -                        -                     -                            -                      -                     -                    -                            -          (33.036.034)          (33.036.034)           (33.036.034)                        2023 net income
                                    Laba tahun berjalan                                     -                        -                     -                            -                      -                     -                    -                            -              51.135.963         51.135.963             51.135.963                      Net income for the year
                                    Dampak pengalihan pengendalian                                                                                                                                                                                                                                                                                         Impact of the transfer control
                                      atas Entitas Anak kepada entitas                                                                                                                                                                                                                                                                                  over a subsidiary to an entity
                                      sepengendali                                          -                 720.000                      -                            -                      -                     -                    -                            -                        -                    -              720.000                   under common control
                                    Transfer pendapatan komprehensif                                                                                                                                                                                                                                                                                    Transfer of other comprehensive
FINANCIAL STATEMENTS 2024




                                       lain ke saldo laba karena                                                                                                                                                                                                                                                                                    income to retained earnings due
                                       penghentian pengakuan aset                                                                                                                                                                                                                                                                                    to the derecognition of financial
                                       keuangan yang diukur pada                                                                                                                                                                                                                                                                                        assets measured at fair value




                                                                                                                                                                                                                                                                                                                                                                                            PT BANK MANDIRI (PERSERO) TBK
                                       nilai wajar melalui penghasilan                                                                                                                                                                                                                                                                                  through other comprehensive
                                       komprehensif lain                                    -                         -                        -                        -                  -                         -                    -                            -                        4                    4                       4                                 income
                                    Penghasilan komprehensif lain                                                                                                                                                                                                                                                                                         Other comprehensive income
                                      tahun berjalan                                        -                        -             103.771                    (207.700)                        -                 1.729                    -                            -                        -                    -             (102.200)                           for the year
                                    Saldo pada tanggal                                                                                                                                                                                                                                                                                                                  Balance as of
                                       31 Desember 2024                        11.666.667               19.661.550                 (330.666)                (2.134.527)           34.487.954              1.513.798                85.052                 5.380.268               186.795.847          192.176.115            257.125.943                        31 December 2024
                                                                                                                                                                                            Lampiran/Appendix 3
Page 582
        FINANCIAL STATEMENTS 2024



                                                                                                                                                                   INFORMASI KEUANGAN ENTITAS INDUK/
                               INFORMASI KEUANGAN ENTITAS INDUK/                                                                                         SUPPLEMENTARY FINANCIAL INFORMATION OF THE PARENT ENTITY
                     SUPPLEMENTARY FINANCIAL INFORMATION OF THE PARENT ENTITY
                                                                                                                                                                                PT BANK MANDIRI (PERSERO) Tbk.
                                            PT BANK MANDIRI (PERSERO) Tbk.
                                                                                                                                    LAPORAN ARUS KAS - ENTITAS INDUK                                         STATEMENTS OF CASH FLOWS - PARENT ENTITY
LAPORAN ARUS KAS - ENTITAS INDUK                                          STATEMENTS OF CASH FLOWS - PARENT ENTITY                  UNTUK TAHUN-TAHUN YANG BERAKHIR                                                                      FOR THE YEARS ENDED
UNTUK TAHUN-TAHUN YANG BERAKHIR                                                                       FOR THE YEARS ENDED           PADA TANGGAL 31 DESEMBER 2024 DAN 2023                                                          31 DECEMBER 2024 AND 2023
PADA TANGGAL 31 DESEMBER 2024 DAN 2023                                                           31 DECEMBER 2024 AND 2023          (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)
                                                                                                                                                                                         2024                     2023
                                                     2024                      2023

                                                                                                                                    ARUS KAS DARI                                                                                           CASH FLOWS FROM
ARUS KAS DARI                                                                                             CASH FLOWS FROM            AKTIVITAS                                                                                                    OPERATING
 AKTIVITAS                                                                                                     OPERATING             OPERASIONAL (lanjutan)                                                                              ACTIVITIES (continued)
 OPERASIONAL                                                                                                    ACTIVITIES
                                                                                                                                    (Kenaikan)/penurunan atas                                                                                Increase (decrease) in
Penerimaan pendapatan                                                                                     Receipts from interest      aset operasional (lanjutan):                                                                  operating assets (continued):
  bunga                                             108.978.724                94.123.502                             income          Pajak dibayar dimuka                                        56                  739.417                      Prepaid taxes
Penerimaan pendapatan                                                                                    Receipts from provision      Biaya dibayar dimuka                                (1.393.054)                (391.774)                 Prepaid expenses
  provisi dan komisi                                 17.586.474                15.706.065                    and commission           Aset lain-lain                                       2.846.237               (6.813.537)                      Other assets
Pembayaran beban                                                                                           Payments of interest     Penerimaan atas aset
  bunga                                              (36.026.129)             (25.567.859)                           expense          keuangan yang telah                                                                                     Recovery of written-off
Penerimaan dari                                                                                                                       dihapusbukukan                                       6.785.434              10.134.741                      financial assets
  penjualan obligasi                                                                                       Receipts from the sale
  pemerintah - diukur                                                                                   of government bonds -       Kenaikan/(penurunan)                                                                                     Increase/(decrease) in
  pada nilai wajar                                                                                      measured at fair value        atas liabilitas operasional:                                                                            operating liabilities:
  melalui laba rugi                                 489.210.971               198.395.896                 through profit or loss      Bank konvensional                                                                                     Conventional banking
Pembelian obligasi                                                                                                 Acquisition of       Giro                                             20.798.149               35.334.666                  Demand deposits
  pemerintah - diukur                                                                                      government bonds -           Tabungan                                         60.896.869               25.492.105                   Saving deposits
  pada nilai wajar                                                                                      measured at fair value          Deposito berjangka                                9.637.281              (11.672.555)                    Time deposits
  melalui laba rugi                                (492.395.378)             (200.469.433)                through profit or loss        Interbank call money                              2.294.658                2.730.795              Interbank call money
                                                                                                                                        Liabilitas segera                                 1.218.426                  428.245      Obligations due immediately
Pendapatan/(beban) dari                                                                                   Income/(expense) from         Utang pajak lainnya                                  65.552                  269.469               Other taxes payable
  kelompok nilai wajar                                                                                 fair value through profit        Liabilitas lain-lain                                627.331                9.843.763                    Other liabilities
  melalui laba rugi - neto                             3.988.278                3.559.790            or loss classification - net
Pendapatan operasional                                                                                            Other operating   Kas neto yang digunakan untuk                                                                                Net cash used in
  lainnya - lain-lain                                  3.457.309                3.595.327                       income - others       aktivitas operasional                              (84.056.678)            (67.388.344)                operating activities
Beban operasional                                                                                                 Other operating
  lainnya - lain-lain                                 (7.363.540)               (7.040.948)                  expenses - others
                                                                                                          Salaries and employee     ARUS KAS DARI                                                                                              CASH FLOWS FROM
Beban gaji dan tunjangan                             (18.944.829)             (16.578.394)                   benefits expenses        AKTIVITAS INVESTASI                                                                                INVESTING ACTIVITIES
Beban umum dan                                                                                       General and administrative     Penurunan                                                                                                                Decrease
  administrasi                                       (12.474.720)             (11.369.509)                             expenses       efek-efek -                                                                                                     in marketable
Pendapatan bukan                                                                                                    Non-operating     selain diukur                                                                                               securities - other
  operasional - neto                                       341.471                 95.115                          income - net       pada nilai wajar                                                                                 than measured at fair value
Pembayaran pajak                                                                                            Payment of corporate      melalui laba rugi                                        798.445             6.950.959                  through profit or loss
  penghasilan badan                                   (9.769.799)             (10.680.754)                           income tax     Penurunan                                                                                                              Decrease in
                                                                                                                                      obligasi pemerintah - selain                                                                             government bonds -
Arus kas dari aktivitas                                                                               Cash flows from operating       diukur pada nilai wajar                                                                              other than measured at
  operasional sebelum                                                                                         activities before       melalui laba rugi                                  20.919.392               25.790.497       fair value through profit or loss
  perubahan aset dan                                                                                    changes in operating        Penerimaan dari penjualan                                                                                  Proceeds from sale of
  liabilitas operasional                             46.588.832                43.768.798                assets and liabilities       aset tetap                                               1.220                   2.981                            fixed assets
                                                                                                                                    Pembelian aset tetap                                  (3.085.623)             (1.961.615)              Acquisition of fixed assets
(Kenaikan)/penurunan atas                                                                                  (Increase)/decrease in   Pembelian aset                                                                                                       Acquisition of
  aset operasional:                                                                                           operating assets:       tidak berwujud                                      (1.111.005)             (1.043.693)                     intangible assets
  Penempatan pada                                                                                              Placements with      Penerimaan dari divestasi penyertaan                                                                 Receipts from divestment in
    Bank Indonesia                                                                                            Bank Indonesia          pada Entitas Asosiasi                                          -               140.000                          Associate Entity
    dan bank lain                                          (942.774)            1.054.578                    and other banks        Penyertaan pada entitas lain                               (20.000)                    -                Investment in other entity
  Efek-efek - diukur pada                                                                                Marketable securities      Penerimaan dari pengalihan pengendalian                                                                    Proceeds from control
    nilai wajar melalui                                                                                    - measured at fair         atas Entitas Anak                                    1.710.000                        -              transfer of a Subsidiary
    laba rugi                                         (2.590.292)               (5.289.249)      value through profit or loss
  Tagihan lainnya - transaksi                                                                                 Other receivables     Kas neto yang diperoleh dari                                                                             Net cash provided by
    perdagangan                                      (3.839.639)                7.887.213                - trade transactions         aktivitas investasi                                19.212.429               29.879.129                 investing activities
  Kredit yang diberikan                            (236.089.058)             (171.011.962)                                Loans
  Tagihan atas efek-efek                                                                                  Securities purchased
    yang dibeli dengan                                                                                    under agreements
    janji dijual kembali                               9.039.314                (9.893.057)                          to resell




                                                   Lampiran/Appendix 4                                                                                                                 Lampiran/Appendix 4

PT BANK MANDIRI (PERSERO) TBK                        1720                                                                                                                                        1721                                         ANNUAL REPORT 2024
Page 583
        FINANCIAL STATEMENTS 2024



                               INFORMASI KEUANGAN ENTITAS INDUK/                                                                                                   INFORMASI KEUANGAN ENTITAS INDUK/
                     SUPPLEMENTARY FINANCIAL INFORMATION OF THE PARENT ENTITY                                                                            SUPPLEMENTARY FINANCIAL INFORMATION OF THE PARENT ENTITY

                                            PT BANK MANDIRI (PERSERO) Tbk.                                                                                                      PT BANK MANDIRI (PERSERO) Tbk.

LAPORAN ARUS KAS - ENTITAS INDUK                                         STATEMENTS OF CASH FLOWS - PARENT ENTITY                   LAPORAN ARUS KAS - ENTITAS INDUK                                     STATEMENTS OF CASH FLOWS - PARENT ENTITY
UNTUK TAHUN-TAHUN YANG BERAKHIR                                                                      FOR THE YEARS ENDED            UNTUK TAHUN-TAHUN YANG BERAKHIR                                                                  FOR THE YEARS ENDED
PADA TANGGAL 31 DESEMBER 2024 DAN 2023                                                          31 DECEMBER 2024 AND 2023           PADA TANGGAL 31 DESEMBER 2024 DAN 2023                                                      31 DECEMBER 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)    (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

                                                     2024                     2023                                                                                                       2024                 2023

ARUS KAS DARI                                                                                           CASH FLOWS FROM             Kas dan setara kas                                                                              Cash and cash equivalents
  AKTIVITAS                                                                                                      FINANCING            pada akhir tahun                                                                                    at the end of year
  PENDANAAN                                                                                                      ACTIVITIES           terdiri dari:                                                                                              consists of:
Penerimaan dari efek-efek                                                                                    Receipts from debt
  yang diterbitkan                                               -             9.362.750                     securities issued      Kas                                                  23.325.843           20.866.568                                    Cash
Pembayaran atas efek-efek                                                                                     Payments of debt      Giro pada                                                                                            Current accounts with
  yang diterbitkan                                   (15.194.442)             (4.480.000)                    securities issued        Bank Indonesia                                     88.185.407           88.445.303                      Bank Indonesia
Penerimaan dari pinjaman                                                                                     Receipts from fund     Giro pada                                                                                            Current accounts with
  yang diterima                                      50.274.160               30.977.214                           borrowings         bank lain                                          45.307.695           34.115.868                          other banks
Pembayaran atas pinjaman                                                                                      Payments of fund      Investasi jangka pendek                                                                                    Liquid short-term
  yang diterima                                      (12.149.069)            (15.264.106)                          borrowings         likuid dengan                                                                                         investments with
Penerimaan dari                                                                                                   Receipts from       jangka waktu jatuh                                                                                      a period of time
  pinjaman dan                                                                                            subordinated loans          tempo tiga bulan                                                                                       maturity of three
  efek-efek                                                                                                   and marketable          atau kurang sejak                                                                                  months or less from
  subordinasi                                                    -               100.000                             securities       tanggal perolehan                                  19.780.162           53.405.862               the date of acquisition
Pembayaran atas                                                                                                     Payments of
  pinjaman dan                                                                                            subordinated loans        Total kas dan                                                                                              Total cash and
  efek-efek                                                                                                   and marketable          setara kas                                        176.599.107          196.833.601                   cash equivalents
  subordinasi                                              (16.887)             (517.151)                            securities
Kenaikan liabilitas                                                                                                   Increase in
  atas efek-efek yang                                                                                          securities sold
  dijual dengan janji                                                                                   under agreements to
  dibeli kembali                                      53.507.692              11.474.780                repurchase liabilities
Pembayaran liabilitas sewa                            (1.361.324)             (1.421.779)          Payments for lease liabilities
Pembayaran dividen                                   (33.036.034)            (24.702.382)               Payments of dividends
Penambahan kepemilikan pada                                                                               Acquisition of interest
     Entitas Anak dari kepentingan                                                                       in a Subsidiary from
     nonpengendali                                    (1.019.000)                       -             non-controlling interest

Kas neto yang diperoleh dari                                                                             Net cash provided by
  aktivitas pendanaan                                41.005.096                5.529.326                 financing activities


PENURUNAN NETO                                                                                           NET DECREASE IN
 KAS DAN                                                                                                      CASH AND
 SETARA KAS                                          (23.839.153)            (31.979.889)             CASH EQUIVALENTS

DAMPAK PERUBAHAN                                                                                    EFFECTS OF EXCHANGE
 SELISIH KURS                                                                                         RATE CHANGES ON
 TERHADAP                                                                                                    CASH AND
 KAS DAN SETARA KAS                                    3.604.659                (818.781)            CASH EQUIVALENTS

                                                                                                          CASH AND CASH
KAS DAN SETARA KAS PADA                                                                             EQUIVALENTS AT THE
 AWAL TAHUN                                         196.833.601              229.632.271             BEGINNING OF YEAR

                                                                                                          CASH AND CASH
KAS DAN SETARA KAS PADA                                                                             EQUIVALENTS AT THE
 AKHIR TAHUN                                        176.599.107              196.833.601                   END OF YEAR




                                                   Lampiran/Appendix 4                                                                                                                 Lampiran/Appendix 4

PT BANK MANDIRI (PERSERO) TBK                        1722                                                                                                                                       1723                                     ANNUAL REPORT 2024
Page 584
Annual Report 2024




PT Bank Mandiri (Persero) Tbk
Jl. Jenderal Gatot Subroto Kav 36-38
Jakarta 12190 Indonesia
Telp : 14000, +62-21-52997777
Fax : +62-21-52997735
www.bankmandiri.co.id

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Size8.78 MB
Published3 Mar 2025
Pages584
Characters7,700,590
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Names mentioned 133 people and organisations named in the text · linked when the evidence is strong

linked org BANK MANDIRI (PERSERO) TBK · Commissioner p.2 ×641
linked org PT Bank Syariah Indonesia p.14 ×58
linked org PT Mandiri Sekuritas p.14
linked org PT Mandiri Tunas Finance p.14
linked person Sigit Prastowo p.19 ×7
linked person M. Chatib Basri · President Commissioner p.32 ×12
linked person Zainudin Amali p.32 ×18
linked person Muliadi Rahardja p.32 ×11
linked person Heru Kristiyana · Independent Commissioner p.32 ×16
linked person Rionald Silaban · Commissioner p.32 ×13
linked person Faried Utomo · Commissioner p.32 ×8
linked person Muhammad Yusuf Ateh p.32 ×7
linked person Andrinof A. Chaniago p.32 ×7
linked person Nawal Nely p.32 ×5
linked person Darmawan Junaidi · President Director p.32 ×5
linked person Alexandra Askandar · Vice President Director p.32 ×9
linked person Rohan Hafas · Director of Institutional Relations p.32 ×5
linked person Timothy Utama p.33 ×5
linked person Eka Fitria p.33 ×9
linked person Ahmad Siddik Badruddin p.37 ×3
linked person Danis Subyantoro · Director p.37 ×9
linked person Totok Priyambodo · Director p.37 ×7
linked person Tedi Bharata · Commissioner p.37 ×10
linked person Muhamad Chatib Basri p.384 ×8
linked person Toni E. B. Subari p.384 ×2
linked person Susana Indah K. Indriati p.385
linked person Rasyid Darajat p.385 ×4
linked person Rubi Pertama p.385 ×2
linked person Teuku Ali Usman. p.386 ×2
possible org Bank Mandiri’s p.3 ×33
possible org Otoritas Jasa Keuangan p.33
possible person Riduan p.37 ×4
possible org PT Bursa Efek Indonesia p.40
possible person Boedi Armanto p.40
possible person Muhammad · Commissioner p.43
possible org Bank Syariah Syariah Indonesia Tbk p.377 ×2
possible person Satria p.377
possible org Negara Republik Indonesia p.377
possible person Gatot Subroto p.384 ×2
possible person Taufik Hidayat p.385 ×2
unresolved org Bank Mandiri’s Financial p.2
unresolved org Financial Services Authority p.4 ×12
unresolved org Bank Indonesia p.4 ×4
unresolved org Bank Indonesia Regulation p.4
unresolved org Bank Mandiri Principles p.5
unresolved org Bank Mandiri’s Initial Public Offering p.6
unresolved org Corporation p.6
unresolved org Bank Soundness p.7
unresolved org Indonesia Stock Exchange p.7 ×21
unresolved org Bank Operational Technical Guidelines p.7
unresolved org Bank Mandiri. Applied Criteria p.12
unresolved org Bank Mandiri. Efforts p.13
unresolved org Bank Mandiri Management Systems. p.14
unresolved org PT Bank Mandiri Taspen p.14
unresolved org PT AXA Mandiri Financial Services p.14
unresolved org PT Mandiri Utama Finance p.14
unresolved org Ministry of Justice and Human Rights p.16
unresolved org Bank Mandiri. In p.21
unresolved org Bank Mandiri’s Anti-Fraud Strategy p.22
unresolved org Bank Mandiri’s Risk Management p.25
unresolved org Bank Mandiri Governance p.25
unresolved org Bank Mandiri Governance Structure BANK MANDIRI GOVERNANCE FRAMEWORK p.26
unresolved org Bank Mandiri Policy Architecture. A p.27
unresolved org Bank Mandiri Philosophy Committee p.27
unresolved org Bank Mandiri’s Articles p.27
unresolved org Minister of Law and Human Rights p.27
unresolved org Bank Mandiri’s Policy Architecture p.27
unresolved org Ministry of SOE. As p.28
unresolved org Government of the Republic of Indonesia p.28
unresolved — act on behalf of other Shareholders. p.28
unresolved — term goals over short-term gains. p.28
unresolved org Bank Dagang Negara p.28
unresolved org Bank Mandiri Shareholders p.29
unresolved org Bank Mandiri Operations Policy p.29
unresolved org Bank Mandiri No. CEO p.31
unresolved org Bank Mandiri Website. Indonesia Stock Exchange p.31
unresolved org PT Kustodian Sentral Efek Indonesia p.31 ×5
unresolved org Sentral Efek Indonesia p.32
unresolved person Arif Budimanta · Commissioner p.32 ×2
unresolved — Announcement · 13 March 2024 p.32
unresolved person Toni E.B. Subari p.32 ×3
unresolved — Susana Indah Kris Indriati · Director of Corporate Banking p.33 ×2
unresolved person MLI. p.33 ×2
unresolved org PT Datindo Entrycom p.33
unresolved org Rianto & Rekan p.34 ×8
unresolved org Rintis & Rekan p.34 ×5
unresolved org Ministry of SOEs. p.35 ×2
unresolved org Bank Mandiri Shelf Green Bond Public Offering Phase p.35
unresolved org Minister of State-Owned Enterprises Regulation Number PER- p.36
unresolved org Minister of State-Owned Enterprises Regulation Dwiwarna Share p.36
unresolved person Andrinof Achir Chaniago p.37
unresolved person Agus Dwi Handaya KEPR- p.37 ×9
unresolved person Aquarius Rudianto Mandiri’s Letter No. KPS p.37 ×6
unresolved person Timothy p.37
unresolved person Rr. Loeke Larasati Agoestina · Independent p.37 ×5
unresolved org Tedi Bharata PT BANK MANDIRI p.37
unresolved org Deposit Insurance Corporation p.39 ×2
unresolved person Panji Irawan p.40
unresolved org Bank Mandiri Letter No. KPS p.41 ×3
unresolved — Muliadi · Independent p.43
unresolved — Providing responses/recommendations to Shareholders to: p.59
unresolved org II | 60 | 64 | 10% PT BANK MANDIRI p.59
unresolved org PT Bank Syariah Mandiri p.377 ×6
unresolved org PT Bank Syariah p.377 ×3
unresolved org Indonesia Tbk p.377 ×5
unresolved org Syariah Indonesia Tbk p.377 ×3
unresolved org Minister of Law p.377
unresolved org Menteri Hukum dan Hak Asasi Manusia p.377
unresolved org BRIsyariah Tbk. p.377 ×4
unresolved org PT Bank Syariah BNI Syariah p.377
unresolved org PT Bank BNI Syariah p.377
unresolved person Muazzir p.377
unresolved person Muhammad Muazzir p.377
unresolved person Jose Dima Satria S.H. p.377 ×4
unresolved org Menteri Hukum dan Hak Asasi p.377
unresolved org Bank BRIsyariah Tbk. p.377 ×8
unresolved person Ratam S.H. p.377
unresolved person Ashoya Ratam S.H. p.377
unresolved org Menteri Hukum dan Hak Asasi Manusia Republik p.377
unresolved org Minister of Law and Human p.377 ×2
unresolved org Bank Umum Syariah p.377
unresolved org Menteri p.377 ×2
unresolved org Menteri Hukum dan Hak p.377
unresolved org Bank Mandiri’s Board p.384 ×3
unresolved person Deputy · Komisaris p.384
unresolved org Bank Mantap p.385 ×4
unresolved org Bank Mandiri’s Audit Committee p.385
unresolved person AMFS · Member p.385
unresolved person MCI · Member p.385 ×2
unresolved org Bank Mandiri’s Commissioner Inhealth p.385
unresolved person Sharia Supervisory · Member p.385
unresolved org Minister of State-Owned Enterprises p.428
unresolved org Milik p.428

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